Page
MESSAGERIES M
THE CHINA MAIL, WEDNESDAY, AUGUST 29, 1951.
MARITIMES BRITAIN'S TRADE RIVALS
Arriving Leaving
M
Marelites
For
N. Africa & Europe
"MAGELLAN"
Bent. X
***FELIX NOUSSEL”
.....5#Pl. 14
Rept. 1
*""MEINAM"
.Rept. 24
Sept. 21
**LA MARSEILLAISE” „act. 23 ""OYONNAY"
Dei. 21
Kobe & Yokohama
..Oct.
21 subject to change without police,
ar. #5 N. Altea & Europe
* passengers & freight
freight for Portsaid, Tunis, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp, & Rotterdam. ·
CIE DES MESSageries mariTIMES P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel. 26661 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
MS. "LAURA MAERSK"
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ARRIVALS FROM U.S.A.
Aug. 30
Sept. 14
Sept. 29
Sept. 14
Sept. 26 Oct. 20
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Fedder Building
Cotton Price
Still On Downgrade
crunta._...
kure
On
The
New York, Aug. 28. Cotton priers remained the downgrade for the second consecutive session. Losses ranged to $1 a bale before the market levelled off around 4%
hedge pres- Increasing remained the chief stumbling block to any bullish
Fullowing endeavours. Monday sales, Southern offerings xies in the 10 000 were ove SVET ton spot markets. This
with the recent daily pured average of around 25,000 bales greatest for any and was the day since last November 24, when miles totalled 89,140 bales. as fol- Prices closed today
October
Juwsi
Spot
35.05
21.60-3151
December
14.30
March (1952)
34,00
May
B1.00
July
34.14 nominal
October
33.00
December
NEW
ORLEANS
Spot
October
December
Norch (1052)
May
July
October
December
31.80 bkl
-United PreT),
MARKET
34.40
84.44
34.41
34.67-31.58 04.65 $ 34.00 Lic
32.54
32.02 bid
United Fres.
Grain Prices
Decline
Tel. Nos, 86066-9.
Wool Price Continues To Ease
Sydney, Aug. 23. The wool markel maintained its "easing" Tendency at the close of the second day of the Syduty Wool Sales here today.
Fleeces and skirtings dropped five percent on yesterday's prices and other classes droppru
even mure.
Yesterday's prices represent- a five to 15 per cent fall on the record
Bures, sel up in June.
I. L.
Germany And Japan Conclude Agreement R. PL
India Announces Export Quota
Bombay, Aur. 28.
The Indian Government today isted eight countries for whalell It will laug Reences for the export of cotton plece goods for 1051
Pakistan heads the Bixt with 27,000,000 yards. China comes next with; 20. 000,000.
Other destinations: te British Eaxt Africa, 8,500,- Afghanistan OCD yards,
8,400.000, the Sudno 0.900,- 000, Iraq 4.700,000 and Indonesia 3,800,000.
The quota for Australia has not yet beep an. nounced. Reuter.
American
Imports Decline
Washington, Aug. 28.
The United States' plal m
..
U.K. Warned Of
Of Possible Serious Consequences
(FROM OUR OWN CORRESPONPENT›
London, Aug. 28.
markets Two of Britain's biggest potential rivals for world i Germany and Japan have concluded a commercial tresty providing for an exchange of goods by each country to the value of US$ 30 million.
This treaty is in two parts one signed by S.C.A.P.and the other by the Japanese Government to ensure that there is no break in the flow of trade between the two countries when the Japanese peace treaty is signed.
This news follows publication of the Economic Commission for Europe's Report which describes the rise in German exports and warns other countries of the serious economic consequences this could have.
EXCHANGES
IN NY
Canada (dollar England-octal
New York. Aug. 23.
·US$0,94-01/18
2.TD-15/10 2.47 bid 250 asked 2.80-1/16
inoẞicta!
30-day futuras 80-day futures
ports for consumption declined from $915,000,000 in May $914.300,000 in June, chiefly be
of of smelter imports crude rouse Department foodstuffs, the De Comnicze announced, The decline int crude foodstuffs from $171.300,-Holland (guider} 000 in May 5 $147,200,000 in Norway (krone) Juge represented abou! three- Portugu; texcudy)
decrease in Spain (Pesels) quarters of the setai
West German
of i imporis
Devletiemark
Italy-oficial
Sweden (krane) Switzerland-free
In
HONGKONG SHARE
MARKET
(From Our Correspondent)
ROYAL INTEROCEAN
Dile
Port Forl
2014 $48-
Bila Br. Ait Repl
121 Rept
STAL Sp
200
28th Aps.
Fadepl 1th appl Talth Sept.
"14th- "Deor." 23rd Sept
Date
The Commission added: "Ger- man competition would become
Business done on the Stock one of the major factors
was $a Sept. international trade should de- Exchange this morning
and in world markets become lies and the morning's trans
valued at $414,404: Noon 7th Brpt. less pressing.
Discussing the new. German Japanese trade pact in a leading | article this morning, the Lon- don Times says that although the amount of trade involved in small in itself it is “a symbol of a growing-and quite natural -restoration of the overstas trade of both these countries."
distant
German exports rose to 140 per cent of their 1930 level in the accond quarter of this year. This recovery in Germany's 'ex- port trade has been facilitated. by the growth of world markels but her overseas trade grew by a third in volume during the latter half of 1849.
2.80-11/14
Australie (pound)
21221
in
New Zealand (pound)
2.701
Belgium (fine)
South Africa poundi
2.001
0100!
Denmark (krone
1433
France (frane)
0025%
4.20
4430 1108
.1403
0349
0263
0935
2303
03125
2.8)
4375
0718
0550
0150
Columbin (peso) Cuba (pean
AQA
1.000
155
0000
Uruguay pesu)
AND
Venezuala (bolivari
2005
paper.
10
Far East
2102
2030
.1765
3040
during the period Imports duri
Important declines occurrat niiddle East imports of raw or green coffestynt (pound) whics fell from $100.100.000 touran (rials
Iraq idinari $89,700,000 and imports of cocon
Turkey (lea) which dropped Latin America or cocoa-beans
om $24,000,000 13 $19,000,000, from
Argentine-official Imports crude petroleum, Brazil (cruzeiros meat products, hides and skins, Bolivia bolivianos and tin and copper increased in Chile-free June from May while imports of
dus wool, cane sugar,, in- Mexico (peso)
diamonds, fcrtisers and newsprint were smaller.
The
statistics analysed by countries.
were
United States' exports of de- mestle merchandise declines from $1.388,600,000 in May to $1,270,000,000 in June with lower figures in alt catagories except manufactured foodstuffs ord United schí - manufactures, Press.
Subsidies For Fibre Industry
Peru-fre
india rupee) Pakistan rupee) Hongkong Netherland East Indies
Singapore Japan
948 yen to US$) -Unlied Press.
London Stock
Exchange
Londen, Aug. 28.
Japanese bends
"A" (4%. of 1090) "B" (5. 1910) "C" (58, ct 1907) "D" (bs. of 1934)
44
Therefore it would be wrong, says The Times, to suppose that her success in selling abroad last year, particularly in the last quarter,. owed anything much to the withdrawal of this country's exporters because of defence ¡commitments,
At that time the defence pro- gromme was still largely
MAY BE SERIOUS
actions: SHARES BUYERS SELLERS SÅLES BANKS
KK Lank East Asja. INSURANCES
.. 1520 1040:
$10
Union... 755 750 Underwriters
Atk Fire
SHIPPING
Asia NK...
DOCKS, ETC.
3.00 4.30
135
1500
N. P. Whart 3:20 63% 1000,
Book..... Provident
S'ha) Dock Wheelock LAND, ETC.
IK Hotel HK Land B'bal Land Humphreys UTILITIES
Tram XD
Star Ferry
514
3000 a
$2
B
14
12 1000 110
500 11.05
3
G
$236 $936
1.15 10
200 € 251
...13% 3200 12.40 1000 13.03
G. Light (0) 7.45 71% 600 67
C. Light (N) 41⁄2 450 SOU C. Light (B) 74 7.30 500
Electric
OA
2000
077 et
.....31% 319% 2000
Trirphone 1216 10 INDUSTIHALS
Cement
11.63 11.30 500
One of the reasons why Ger- minny has been able to increase hier exports so much is that she has been able to offer. carfier STORES, ETC.
her British or Dairy delivery than other rivals,
Germany's production costs, moreover, have not risen to much as those of British porters,
Cx-
In the present state of world demand, The Time; points out,
GOO
1000
10 16 1000 18.20
192
Watson
COTTONS
Ewo
Crawford 14%
2.45
comparative costs and efficiency The Rubber
are not truly tested.
The newspaper draws ation- 5714 tion to the warning given by 824 the E.C.E that German competi
tion
Inny, have consequences..for a number of Conteks 08-1/17-United Press,ollier countries, and nuts that
74
(5s. of 1034)
103
BONDS IN NY
serious
Markets
per October
November
December October/December
January/March (1952) April/Jude
44:2-49
431-4
2334-44
414-15
United Pren
SINGAPORE MARKET
London, Aug. 28. Prices of rubber futures closed the same may bo said of Japan. today as follows:- Washington, Aug, 28.
New York, Aug. 20. "Whether or not this coup Number 1· rutilice, in conta
were irrcy's
being The United States should 1151 Japanese bonds
economy is subsidieo the expansion of the gularly higher in the foreign debilitated, as some fear, by the industry, be- dollar section on Tuesday with easy conditions of trade, that of synthetic fibre There was little competition cause there is every reason to more than 100,000 par value of its powerful rivals in certainly and the Continent predominat-believe that adequate supplies various issus changing hands.being fortified,” it saye,
with only
available Prices
from
down ranged ed in the buying
of wool cotion will be and
defcnet
of $1.50. A flurry to up States Httle support from Britain
to the United
- EAST-WEST. TRADE Japan.
the American Farm
offerings
the close of
Singapore, Aug. 28. effort, Top price today, when. main Bureau Foderation declared. trading crused slight U.S.
• Geneva, Aug. 28.
Prices of rubber futures elased ly medium
The talks between trade ex-today as follows:- qualities were
don, which is a
the Corporate bond gains, and The Federation, offered, was 123 pence
per nationwide organisation repre- markel closed narrowly. irwer. perts from three East and three Number 1 rubber, per 15. pound for eight bales of greasy senting
European US Governments were irre- West agriculture producers, merino fleece.
Government gularly higher In quiet deal-which began here over a week denounced (At Wangonul, New Zealand,
plans
to support the expansion ings-Argociated Press.
ago, are understood to be prov- where mostly high quality of
Ing more successful than last the synthetic fibre ik wools were offered, prices
year's, it is reliably learned as useless and in the final wool sale of the sea- "In view
n rose 10 to 12 per cent on
of channelling the recent sale of Napier).
Competition was well spread
buyers emong
from Britain. the Continent
and local mills. -Reuler.
LONDON TIN
MARKET
London, Aug. 20.
of the importance Malayan Bauxite here today.
our resources
countries,
August September
October
Number
rubber.
August
Number
1
August Number
rubber,
August
No. 1 pală trepo
The countries taking part are Spot rubber, unbaled Russia, France, Poland, Britain, Black crepe Denmark and Hungary,
With
bumper Tokyo, Aug. 28.
Europe, Bauxite, imports from Mainya harvest
where they will contribute For U.S. most to our mobilisation effect, we can see little justification for the United
States
news of in Eastern
*
ment to assist the SMM era
expected to
total 30,745 tons | chances of Increasing East-West
1405-149 140-14514 143 -1483 14315-14415 13814-2014
132 133- $400-30059
172 -197
Unlled Press.
of extensive additional for the highest post-war monthly trade in grains are good, it is Exchange Rates
conference
Le fibre production facilities.
total. However, the figure hat understood. Discussions regard The Secretary
scretary of the Federe-been estimated at 47,278 tansing the calling of a full-scale
Business was done in tip local unlietai exchange market thi Hen, Mr Roger Fleming, expressed and the Press blamed shipping East-West
trade are also believed to be morning at the following roles the difficulties for failure to reach later this vicw in a letter
Sterling note (per. £\} ... Defence Mcbillser. Mr Charles that level,
proceeding satisfactorily.
U.S. Dollars (per S1) The Mr Wilson recently Wilson,
Meanwhile, It was learnica
are Indonerig builders (per 100) Eastern countrica announced that the Government that the Yawata Seltetsu understood to be asking for Blam tinals per 1001 The tin market opence will grant tax concessions to Company recently signed an increased deliveries of farming Singapore (Straits)
FLC piautres (per 100) strong. Turnover was 135 synthcile abre makers to help
of and other machinery Chicago, Aug. 28. fons, including 15 tons for them boost output. The Federa-export contract for shipment
tons
change for grain and timber. A of palte steel to tion
that some 70 Arms declared
achl, Pakistan. The export statement is expected soon.- have applied for these concessions price is $185 per, ton, F.O.B. Reuter. with a view to raising the United foll or Yawata and the order States annual fibre output by some 600,000,000 pounds-United will be shipped in five lots of 000 and 700 tons in September and October-United Press,
Grain futures moved Irregu-cush. Iarly lower today. Wheat closed
lower to 19% higher.
Prices of grain futures closed
as follows:-
Wheat-pricca per bushet
Spot
2.40
Prices closed at the end of the omelal morning session follows:-
Spot in, buyers Spat tin, sellers Business done at 2.4011-14
Three-months' lin, 2.4436-15
buyem 3.4016-2.47 Three-months in,
23034-16 collers
September
December
Morch 11002)
MEAN
Com
Spot
10131
September
1.2434-
December
1.0814-15
March (1052)
3.7194-36
May
Пуе
July September
4.727
1.033
1.72% asked
7714-42 02-brid
DAL July September
New York four-par 200 1b. Sack. $12.45-—Unlled Press.
Pepper Firm
35
1,035 1,005 1,035-1.000
Press.
960 990-DIO ........... 1,053
Business done at Settlement
--United Press.
TIMBER IMPORTS
A RECORD-
Geneva, Aug, 20......
Europe's timber imports this
New York Sugar
Futures
New York, Aug. 28.
Contract No. 6 closed 1 to 5
year will set up a post-war re-points higher with sales totalling
card, M. Gunnar Mýrdal, the Executive,' Secretary, told the United Nations Economie Coma- missdem for Europo's Timber Committee here today.
told the 15-nation
New York, Aug. 28. Black pepper trading ruled quiet but a market, displayed qtonunued der dortor. Committee, beminning to an Following spot salon hit 31.81 "a sextion today, that Importa pound corly in the day, allors would be well over turns million wean holding for $1.83 a pound standards -- about 14,010,000 out in Octoper, dallycrystar cable metres of myn Bolla Imposto ported Indian Wood Nearly a million stand- offerings for september- alipards would be imported from ment at $1.8431 m pound on an North America to meet the in ek dock basis, United Freem crewing demand Reuter
M
U.S.-Indonesia
Rubber Pact
Washington, Aug.' 28. '%
ment
· in ox-
Copra Quotation
Copro
New York, Aug. 28.
was quoted today at oll was quoted at. 13 cents
MAY FAIL TO $175 per sheet Ion, Coconut
MEET WHEAT OBLIGATIONS
Brisbane, Aug. 28.
--The rubber agreemontre- The Chairman of the Aup- cently concluded between Indo-tralian Wheat Board, Sir John World' sugse futures closed nosle and the United States was Teasdale, said last night that he- today 9 to 10 points, higher, with oulmated to be worth about cause of the reduced
Se sowings to the Indonesian and drought, Australia faces sales totalling 180 contracts,
fallure to meet her international is estimate came from wheat obligations will be Indonesian diplomalle spokes Austra
The Australia's first failure since who said that the indo agreement whe signed in 1049, Bir John, said the biggest fac had con Government tracted to supply 1,200 tons of Da nominal 8.43 traded
raw rubber cach
month ca noming the
Government-owned. 643 nominal” 543 nominal," plantations.
170 'contracts.
Prices closet as follows
Coritenat' No. 4 (world)
September
January 1102)
March
May July Septem Brut
*1.70 traded
2844 nominaÍ
Zited: Press.
nesian
a pound-United Press
מא
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LINES
From
Macassar & Java Portab
6. Atrica, Mauritius & MINARKOTİ Starkovar, Java Paris, & Ainkaparo, Siralls & Belawan „Doll``
A. America, R. Africa. Aineapnes
Nabila
Japan
SAILINGS
STJITJALENGKAN
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“TJJWANGI"
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ན་
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Amerton
Yokohama & Japan Paris
Japan Porta
...
Singapore, Java Paris, &' Zinckstar" Japan - Ports, Manila.Singapore. "8. Atries „A“.
· America -
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Ship
*NOGGRENK" “AINKERK” *DOOOKERK"
BeDL.
7th Sept.
""NOOGKERK” "ALMKERK"
ROOOREBK"
ARRIVALS
From
Europe & Singapnen Japan
Japan
SAILINGS
Japan via Manita Mandia, Ringapore 2 Europe Stands, Singapore é Eirops.
KING'S BED BING BELT PHÒNÉ SI DUDES THE ZADES
CHINESE AGENTS BE FRANNATRINE QART
PENINSULAR
ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 31st August at 12.00 Noon for the UNITED KINGDOM vis -Straite, Colombo, Rombay, Aden and
Port Said
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Cd's Godown at No. 2 GATE CANTON ROAD ENTRANCE BY NOON on THURSDAY the oth August!
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, "ALL BAGGAGE must pass through The Wharf Co.'s Godowns. for loading-
nn board by ship's slings only.
EMBARKATION: WII take place on FRIDAY, the 31st,
August between 9.00 AM, and 11.00 A.M.
SOUTH CHINA MORNING POST
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DMECT
SAN FRANCISCO, LOS ANGELES
Vessel tors are the lower wheat scrense, Maçon LUCKENBACH!".
"shortage of labour and the
fact that many wheat growers 2 INCH
were switching to wool STOW" "FLYING PRANONY
The Intersigilonal Wheat GEORGE LUCKENBACH- Agreement dis not a contractual B. LUTKEND obligation for
hat the agreement way for 18 montat and then the Pico Perlis menus would up the Average of the previous four monta" pričel in Blikspore, I a moral obligation when the
would become diffective next
whole world is ezring duty fac Prala," be added/United Fress.
ÖVERLAND
NEW YORK-CHICAGO DETROIT-TOBUNTO -MONTREAL AND ALL AMERICAN, DODANADIAN CITIES,
Sơn Trang
Sept.0 Camo arriving day we
Sept
San Fra
Ben Franaleno i
soulars onit Uplied Stairs Line)
San Francisco di Toa And
via; ikohe,, i neots Luckenbrich:
Han Franciac
Ban Fransisco