MESSAGERIES
THE CHINA MAIL, TUESDAY, SEPTEMBER -4, 1951.
MARITIMES Wool Prices Go
MOM
Arriving Leasing
"MAGELLAN'S
.Sant. I
***FELIX ROUSSEL"
Nep, 14
Bent. 15
*""MEINAM"
.Sept. 20
**LA MARSEILLAISE"...Oct. 20 "OYONNAT
Marseilles
For
Sept. 21 N. Aftien & Europe COL. 1. Kobe & Yokohama
Oct. 25, N. Africa & Europe
subject to change without noller,
⚫ passengers & freight
freight for Portsaid, Tunis, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam.
CIE DES MESSAGERIES MARITIMES P.O: Box 53, Hongkong
Queen's Building (gr. floor) Tel 26661 (3 Ines).
Living Costs In Canada Now Higher Than U.S.
Ottawa, Sept. 3.
For years living costs in Canada were a lot lower than they were in the United States. Now, says the Bank of Canada, it is the other way round.
The historical reversal in the cost of living pattern took place in June. Before that the cost lot of living index in the U.S. was running a higher than the one in Canada.
In June, says the Bank in its monthly statistical summary, the paths of the two indexes crossed. The U.S. index levelled off. The one in Canada kept on climbing.
Going
a step further. Bank makes a revealing cou- in two parison of living costs
12-month countries over the period, July, 1950, to July, 1951. in diving upward drive costs, it flads, was more sign- Beaut in Canada than in the U.S. For example, in the 12 months period the
Th
COTTON
OUTPUT
FORECAST
Lower
Bilabane, Sept. 3: Values at the Trishano kaday wern Kenerally 20 to 25 per vest lower than at the close of the Tirishave sales la June, Price: rleadied on last weelde
Lates ruiing
fa Sydney. The market was buoyant with the on- imonial trade most pro niluent in bidding. Buying for the U.S. was apparently moderate-Associated Press.
U.S. Plan For Land Reform
"BASIC STEP TO WORLD PEACE"
Geneva, Sept. 8. Land reform was urged in the United Nations today by the United States as basic step toward economic development and world peace.
COPPER MINE STRIKES EXPECTED TO AFFECT
MARKETS FOR
New York, Sept. 3,
Although all signs pointed to early resump-
tion since the industry-wide strike began last
WEEKS
tion of full copper operations, the loss of produc- Australia Monday, was expected to keep the metals market
unsettled for weeks.
The settlement reached on Friday with
Kennecott Copper Corp. was widely expected to
lead the way to back-to-work moves at plants of most other companies, at least on an interim basis while industrial negotiations continue.
1011
day
But the strike so far is es-: Ferromanganese --` $180 Umoted 10 have reduced gross ton, shipping point. domestic, copper output by at Nickel-50.5 cents a pound, least 2,300
ม electrolytic cathodes, Port Col- severe cut for consumers pinch-borne, Ontario, US duty In- ed for months by Inadequate cluded. supplies, and to defence plan- Platinum-$10 anTM петь trying to muke the wholesale; $83 retail,
Materials York. fledgeling Controlled Plan work.
Au-
that
this
The impact on lead and zinc a. consumers also will be heavy.
One National Production thurity ofcial estimated the strike was casting country 40 per cent of its zinc almost iwo- production and fiards of Its lead output.
Mr 1. Lubin, American dele- gate, submitted a risolution to the Economic and Social Counell the question designed to place of Int reforms on the per of the United anent agenda Nations for the first time in the organisation's history.
Mr Lubin told a Press con- ference,
States "The Unlied
of is
firm Government opinion that one of the biggest
the
The NPA was reported to be trying to obtain 5,000 tons of cach metal from the strategie being top- stockpile-already ped for emergency copper-to avoid slowdowns in the fence programme...
de-
strike
Dy
Mill
Union
almost.
In addition, the the International Mine, deterrents to real
and Smelter. Workers' Econoinių developments in many countrie (independent) tied up Is the system of land tenure, Iaxation measures und agricul- tural credit."
Ilis resolution nska govern- ments to assure the security of land tenure, aid cultivators to
York.
Needs A
New Loan
RI
INTEROCEAN LINES
ROYAL
Date
In Part
11, Rept.
10th Kein.
21st Яepi.
24 Sept.
25th Nept.
27th Sept. 5th Oct. toth Ort.
isin Aept. 19th Sest.
#2 Rept
Brisbane, Sept. 3: Australia needs another dollar loan without restric- tion on its spending, the 3rd Hent noted, economist Sir Dou alas Copland, said tonight.
* Repl
Int Ort.
here
bih Opt. 15th Ort
סנוק
a
"It may be that such a loan ounce, would be of more ultimate
New value both to Australia
America than the treaty of
against mutual defence chalichke of a revived Japan," he said.
He thought it should be more adequate than last year's $10,- 000,000 from
pound, New
Quicksilver - $105-$200 flask
(70 pounds) nominal, New York,
Tungsten or-$05 a ton unit (20 pounds), celling price. Associated Press.
HONGKONG
SHARE MARKET
Bank the International Sir Douglas Copland, who is Vice-Chancellor of the National University, he was speaking at Brisbane Town Hall, on how to
infation
surb
He
considered that a loan to support the development pro- gramme and to buy needed not capital equipment would encourage extravagant spending.
Without It Australia might have
to reduce development or impose 'strict limitations ou im- ports from sterling and dollar
Australia should not use her because
half the domestic production (From Our Correspondent) -¦ pretis..
tungsten. defence-vital
or
the high rate of imporis, and falling wool prices would prob- ably reduce them at nydan- gerous rate, Sir Douglas said. Heuter.
The strike also tightened! Business done on the Stock high sterling balances the squeeze on brass and Exchange this morning was bronze foundries which were valued at $441,022.50. Noon notified by NPA that there prices and the morning's trans- will be some rather noticeable actions:- cutbacks in their allocations of raw materials beginning nex! month.
BANKS
SIARES BUYERS SELLERS SALES
HK Bank 1543 1500 East Asia .. 120
INSURANCES
nequire ownership of land. establish or expand agricultural credit facilities, enact legislation rentals and against exorbitant revise inequitable taxation.
IMPORTS POLICY The
American resolution is
Canton For a while late last week t expected to win the approval of
Union thot even appeared the Counell here and will go
copper. Underwriter this before the
IK Fire.. country's major General
Assembly from Paris session
Inter this foreign source, Chile,
might be cut off by a widespread: strike of Chilean dock workers. that in somu
Some ore shipments from Ken- no matter! paris of the world of
necott's Braden Mine were re- how hard the farmer, works heported being delayed, but ore cannot improve his lot because existing conditions make Impossible for him to acquire the ownership of land. It
Washington, Sept. 3, The International Cotton Index in Curade Advisory Committee said today jumped 12 percent; the one in that world consumption the US. only nine. In both cotton in 1951-52 may bo only Pases higher food prices covered the main impetus ba: food prices in the US. jumped only ve percent; in Canada they jumped by almost seven,
Meat prices in the U.S. jumped by only about one percent-in Canada they jumped by almost four. All other prices involved In the indexes ran about neck to neck.
Based on 1035-30
record
moderately below, the 33,000,000 bales used in 1950-51.
Noting that considerable un- certainty still attaches to world consumption prospects. the Committee added:
autumn.
Mr Lubin said
exis
would make for a better social
and politica! system If the
farmer is granted a real stake, in the land he is.
CO-OPERATIVE
"Consideration of all the re- levant factors leads 10 the The resolution recommends conclusion that world consump- that governments promote co- prices on may be only moderately operative organisations for equalling 100, the Canadian less than the record-breaking marketing and processing of index, now at a record 187.0, total of 33.000.000
con- foods and purchase of farm jumped 15 points in the first sumed in 1980-51, depending implements, encourage indus- half of 1951........Oficials estimate. largely on the level of consump-tries-in-rural areas better to that one-third of that rise was tion in the US."
due to
that
to higher mea prices, in period the
price
of beef roughly about if cents a
Jumped pound.
Here in brief is the index levet on July 1 with the June 1 level in brackets:
bales
The Committee
fald "Aboli- ton of U.S. restrictions on ex- ports together with an expected,
from movement
the larger Anaconda Copper Mining Co. an property was not affected and prospects for quick settlement
of the entire maritime walk- out appeared good as the week ended:
Metals authorities declined to comment on reports that Anaconda might seek a 'price Increase for copper if it fol- lows Kennecutt in granting. 15 cent wage boost to workers. Kennecott already
in- has licated it probably will not employ rural
ask for a price rise, manpower and supplement agricultural income, expand and develop, programmes of literacy and general educh- tion and establish or expand government services for agricul- tural research.
Mr Lubin said, the
to have prace, people going have got to feel that fe is worthwhile not only for thein- selves but for their children." He stressed that the American programme has nothing in com- mon with the "land reform' initiated in Eastern Europe and In Communist countries..
Mr Lubin said that Com- munist governments have laken back land from the people whenever the farmers failed to
increase in world production should make for if closer ap- proach to the pre-war compeit
silution between Index, 137.0 (184.1); Food, 249.7 tive (239,8); Fuel and lighting. 147.2 various growers than has existed the end of (146.2); Clothing, 202.9 (202.5); any time since Rent, 130.8
Home World War 11" (139,8): furnishings, 197.4 (107,1); Mis- cellaneous, 142.3 (141.0) Associated Press.
Finance Chiefs To Confer
Washington, Sept. 3. The finonce chiefs of over 50 nations will meet here on September 10 at the
sixth
And, I adried, U.S. prices sould exert a stronger influence on world markets than was the case last season,
with
Worki production
was egti- mated at between 35 and 36 million bales compared 27.5 million in 1950-51,
Including carryover stocks, the total supply for 1951-32 was. seen us just under 47,000,000 bales, a post-war maximum and roughly 3,000,000 unles in excess of last season's availability Associated Press.
LONDON TIN MARKET
London, Sept. 3.
annual meeting of the Boards of Governors of the Interna- tional Monetary Fund and the International Bank for Ro- construction and Development.
Most of the Governors are
The in market was firm. but the Finance Ministers or heads of their nation's central banks. quiet this morning. Turnover
They include
Sir B. Rema was light, only 55 tons changing Rau, Governor of the Reserve lands of which 5 tons went for Bank of India. the British cash. Chancellor
ΟΙ
Prices closed at the end
of
as
955
053
100
of the Exchequer, the official morning scesion Mr Hugh Gaitskell, Mr John W. Snyder, United States follows:
the Treasury, and Spot iin, buyers Spot un, reliers French Finance Minister. Businem done at Mr Rene Mayer.
Secretary of
the
Three-months tin, buyers
D The Canadian Finance Minia-Three-months tin, acliers ter. Mr Douglas Abbott. Chair Buses done at
man of
The
"If we aro
cocks. ETC.
00.47*1500
4
700
210
K. Wharf, 13.50 N. PL. Wharf 0.55 8,00 nock
10: $4.40 14. Provident
S'hal Dock
LAND, ETC.
itk Hotel HK Land
UTILITIES
Tram-
12 12.25 1000 a 13
2.00-1000-9
5.60€ 6,90
500.00
100 m 41
394 14 100-7 13.0 500 a 13.30
Tram 101 1011
Star Ferry
C. Light (0) 7.50 1.80 1000 m C. Light (N) 44; 4,30 6000 C. Light (n) 7.44 7.05 500 Electric ... 334 3334
13
Telephone. 121 INDUSTRIALS
Cement..... 13.00 Rope1714-1015-
STORES, ETC.
Dairy Wabron
Ewo
1.70
Israel's Merchant Marine
Raita, Sept. 3. Israel's fast-growing - roer- chant flest grossed an estimated $10,000,000 Inst year and by autumn will be carrying about half of Iraci's trade.
Starting from scratch
three
years ago tarael now has a mer- chant feet of 24 vessels which
75 already have assured her $20,000
· 1500 7 12.20
15,90 191 3000 16.10 19.10 401 1000 un 1914 Crawford 2411
There were indications, bow- ever, that the Government was considering trying to encourage
and zine by ❘ COTTONS imports of lead raising import price
ceilings. Foreign buyers were reported paying as much as 10 cents a pound more for lead which has a ceiling of 17 conts peund here, and 13 cents more for zinc, whose ceiling ls 17.50 cents pound at East St. Louis.
་་་
2.40 2.55
Exchange
Duriness was done
Rates
the local
in foreign exchange. She plans
to add five more, totaling 35,000 tons, this summer to ply, the five main routes sarved by Iarrell
ships.
The shipping crisis complicat- ied by lack of foreign exchange. Increased the need for importa for Israel's growing population and the necessity to raise, ex- ports.
82 per At the present time cent of Israel's merchant crews are Israeli although most of the officers are sul foreigners.
A
big effort is being made to re-
crult and train more local, men for the merchant navy, especial-
London, Sept. 3.
The Financial Tinica' daily
unotBelal exchange market thly engineers.-United Press. morning at the following rates;- Bterling note (per c)}
15,00 0.55 President Harry Truman has US Dollars per 1)
Indonesia guilders (per 100}.. 310 created
new Defence am iicala (per 100)
20.00 Materials Procurement Agency Singapore 18traits): with authority to buy metals FIC plastres (per 100) and other materials for de- fence, ofther in this country or abroad, and make subsidy pay-
All the quotas. As a result, he ments if necessary to maintain sald, Communist farmers are essential production.. now merely employees of State-owned farms. United Presi
ECA Fund Used To
Aid Soviet
Camden, NJ, Sept. 3.
SLIGHT INCREASE
Prices of major metals were unchanged except for a slight increare in delivered costs of antimony and the lower grades of zinc, reflecting Д freight rate increase..
The New York prica
of
1.775
Index
1,825 Press.
was
∙193.0.-A84ociated
Greece Going To Polls
Next Week
Athens, Sept. 3.
More than 2,000,000 Greeks are expected to go prime Westem zine advanced to the polls on September 9 to elect between 250
to roughly 18.280 cents
the previous 18.25 and
antimony in less than
lats to 45.35 cents from 45.30 Cats Harvey Machine
were not
from
cased and 270 members of a new Parliament. Polis
carload
All the voters will be males. be allocated the balance of the pound A
* Greek women have not yet won | seats in Parliament, Company
elected
Five Cabinets succeeded pact Country has been |
Date
sih. Rept. 17th Rept. *7th Sept.
Shilp
*TJRYANOP
"VAN: UFUTAZ”
ARRIVALS
From
Marniski, Javi Paris_A/Ringapore Viraltetas Delawan DelŲ
-HATHAAT SORNDA" 8. Amerter,"8. Africa;"" Singapore
Munita
"TJBADANETTONE DÉANAM
TARMAN" Helawan Peti: Penaing & Hingapore TJITJALENGKA”. Muar, Jack 'Poria de Singapote "VAN. HEUTAZIUA ZJapan
"THKAMPĒK“
TEGELBERO"
8. Africa & Stagsparė: ‚'
H. Amertes,
Manila
SAILINGS
COVÁN 'HEUTSZ?
#THEWANGI" "STRAAT GOENDA"
TIRADANE" "VAN BOTEZ "THTJALENGKA"
TJIKANPEK“ {"TRUCLDRAG".
Atries,, Singapore
To
Singapore, Jaya Parts, de: Maxaraz, Inpan Units
sisgapore, S. Aftira &. 8: Amorléa Bincapore, Penang & Betawan beli Hingapore Java Porte & Margar
·Japan Poita Japan Portu
Agents: HOLLAND, EAST ASIA LINE -
ARRIVALS
Ship
"BODUKERK" WALKERK"
"UGOGNENK"
"IGOGRKARTM “ALMHERE”
"IQOGKERK"
·From
Europe Singapore- Japan Japan
SAILINGS
Japan vis Manjja Will Singapore & Europe Manila, Ringapore & Europ
0th Sept, 1011 Aept. end Sept.
KINGS BUILDING.
CHINESE LAGENYA
DEA CUANALGHE ROSE, A
AVEN
Stok, 29954
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Sept.. 6
Sept. 14
Sept. 29
Sept. 14
Sept. 26
Oct. 20:
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the right to vole in a general One member of Parliament W.R. LOXLEY & CO., (CHINA) LTD. A protest has been sent to of Los Angeles: announced at election, though they may do will be elected for each group President Truman that 42 Rus had accepted the terms of a so in local elections,
of 230,000 chizona ín cách 01 stan merchant ships have been $46,000,000 loan from the Do-held in Greece in March; 1950: not allocated on the basis of
The Just general cloction was the 41 electoral districts. Scuts York Bullding. built in Europe through pro fence Production Administra-
was then grammes Onanced by ECA:
tion to
to build two aluminium A Parliament was
proportional representation at The protest
the terms for a four-year term. But last this stage will be shared by was made by refinery plants. The the CIO's Industrial - Union of
disclosed. Harvey July it was dissolved by King mafor parties only in a sacand Paul of the Hellenes because it distribution made at the level of Marine and Shipbuilding will use $94,000,000 for plant
the country Workers. It asserted that Bol-near, Kalispell, Montant, and failed to provide
nino large electoral divisions with a stable. government. gium, Holland and Italy are.
the
rest for
aluminium
(which rach competing with US shipbuild plant at Everett, Washington.
within the 18 other non-ferrous ing coupled with Marshall Plan Major
metala
78 months
the armed forces, will vote 230,000,0 "prevent a "repetition" of
votes will be cast ing Their Parliament, before dis at the civilian polling stations row electoral but in special ballet boxes, and Rubber Futures Both Germany and Japan York; 10.50 cents, St. Louis, law lawhito concentrate Inore they wndidat entitle the von
24on, have passed the US in the foreign 21.00-22.00
Parliamentary strength for candidates their number of ships."
5. --Associated nominal, Gulf of Mexico ports.
con141 encic The forthcoming elections Polling stutions will be catab Press,
Zinc-17.30 cente. Poul will therefore be held under a shed on the islands of Macro East
iconis Singapore, Sept. 3,5 | Ka Prices of rubber 10 closed here today as
Gulf of Mex
Boards of Gov-
ernors, will preside.
Mr Eugene Black, President
of the International Bank, will
Bettlement.
900-193
-055 United Press. '
port at the
annual
meeting.
Tho Fund's
given the following
will be day by
In S'pore
Mrm
Ivar Rooth, the Fund's
Executive Board Chairman and
Managing Director.
The meeting is expected
end on September 14-Reuter. Number 1 rubber, per ID.
rican Holiday
Beplanter
October
Number a ruliber,
Canadian
December
September.
Number &
· September
Humber
Brate
SepR
losed
funds.
prices
Momofuch followed the last election.
of
UT
The protest to the-President Copper-26.60 cents a
se this in the new Chamber, the the areas where they are serv
also said, a number of Ameri- delivered, foreign. 27.00 con firms now are having ships | York. You
EMPIRE TALKS“, London, Bapt. 1. Mr John Meltwen, Australlah Minister for Commerce and Agriculture, arrived here by
71 today for the
Conference on rey
toshovel
New
Now Lead-17 centa & poun
passed
Fwhich
NOW 7-13 200KAT "reinforced" proportionat, reproninisies and Ayios Evstniblaster.
Up-abmine ports.
·cantation system, on the lines of politicial" detninacy confined in the recently adopted French those camper
"There in TO
stribution,
The Jind
PATTISON ORIENT LINE
LIMITED
Fram: