MESSAGERIES MARITIMES
M
Arriving
-""LÀ MARSEILLAISE" ..Od. 20
"LES GLIERES“
"OYONNAX”
+"MONKAY"
•
LA MARSEILLAISE”
Leaving
Nov. A
Oct. 1 Nov. 15
...Oct. 24 Nov. 2
....Nov. 24
Oct. 24 Nov. 3
Nov. 25
passengers & freight
M
Outward For
Tokohami & Kode
Homeward Fő,
N. Africa & Kurope Manila, Saigon
Bikelile
N. Africa & Europe
† freight for Saigon, Port Said, Tunis, Alglors, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
Dalton Speech Causes Drop In
Overseas
Worsted Orders
Shipley, Yorks, Oct. 1.
During the past 10 days the United States and Canada have cancelled many orders for woollen and worsted goods, worth, according to trade circles, "a substantial sum." This action follows speeches by Mr Dalton, Minister of Local Government and Planning.
On Sept. 14, at Swansea, Mr Dalton advised people not to buy clothing and textiles until prices dropped. "The price of wool has fallen and I hope will fall further owing to the Government, holding off the market and doing less stockpiling," he said.
Huge British Locomotive For India
London, Oct. 2.
A huge locomotive built for the Indian Government will soon be moved from the Festival of Britain exhibition <lte 011 London's South Bank.
It will be shipped to India on October 13.
The locomotive has been an view all summer at the South Bank exhibition which closed Inst Sunday. Today workmen were breaking a well one foot thick and 70 feet long which
Three days later, at Fulham, he repeated his advice, saying, it cheaper goods are coming. wait for them. Then they'll come 'quicker."
ly
In addition, Mr Jay, Financial Secretary to the Treasury, said at Derby: "It is a thorough-
abat healthy sign
the consumer should decline to buy where prices are too
high. Housewives who refuse to do so in such cases will be helping both themselves and the coun-
try,”.
Cancellations of orders art sill reaching West Riding firms. The extent of the trade's loss in foreign markets will not be known for some time.
A spokesman for the Industry sald that some firms intended to insist that foreign buyers hon- oured their contracts. He add- ed: "It la always a a difficult time trade when prices are for any falling. The position has been
Dalton's irresponsibility."
THE CHINA MAIL, WEDNESDAY, OCTOBER 3, 1951.
Hungry:
Stel tha: SERIOUS DEFICIT GROWS RIL
Gets Lipstick
.
Geneva, Got, 2. Pakistan todas told the 30-nation conference on the General Agreement on Tariffs and Trade (GATT) that to buy steel she had to buy lipstick, wine and beer as well.
Dir 8. A. Résule, lender of the Pakliten delerations. said that his country was so "steel hungry" that she was forced to greb ta vüch lems being inchidea in steel agreements, although they Were "completely valubless to Ainsli Pakistan"
TEA
He denied that Päkistan's import policy
die- criminatory and said that çërisin imports had to be restricted owing to the dollar shortage.-Neuter.
IN PAYMENTS BALANCE
Chancellor Likely
To Issue New White Paper
London, Oct. 2.
'Selling is going to be in the news this week in a big way. On Thursday, the Treasury will issue a White Paper showing Britain's balance of pay. ments for tife third quarter of the year.
The Chancellor of Exchequer, Mr Hugh Gaitskell has already warned that the White Paper will show a "serious deficit." The word "serious"
& Zine when used by the Chancellor of Exchequer is a
Lead Ceiling Price Boost
fediately.
serious word.
thus
About all that's Imown for is that Britain's visible trade through August shows that Im- posts were running at the un- nual rate of £1,000,000,000 in excess of experts, The earnings of banking, shipping and in- surance
by
ΒΟΥΤΙΕ
reduced. Yeaving
£400,000,000
a gap of some £000,000,000 to
to be
U.S. May Boost
Aluminium Production
U.S. Treasury
Deficit
Washington, Oct. 2. The United States Gov- eromeni had a deficit, of 62,014,946,781 hi the first quarter of this nuancial Yearle biggest single
defelt ever
spending was
bir tabtor The Treasury announced today that de- renee outlay for July 1 to October silöhksted to 38.232
million compared
with $8,594 million in the kame period last year.
The first quarter defelt this year compared with a net surplus of $200,347,041. at this thảm lash year, after The flat full quarter of the Korban war-Router.
HONGKONG SHARE MARKET
(Our Own Correspondanti
Washington, Oct. 1. Α ́
to proposal
expand aluminium production Arkansas and Texas is under study by Jess Larson, head of
morning asión Was the new US Defence Materials liveliest of this week with trans-
to Mr
The
of $458,418.30. Interest was
**
Tod
Washington, Oct. 2. Price Stabiliser Michael V. Disalle has signed an order boosting the domestic ceil-be paid for out of the necumula-
tion of gold and dollars. ing price for lead and zine "Something has not by two cents a pound. It done about is the verdict of also puts ceilings on import-authorities both in the city and
the government. ed lead and zine.
Whichever party wins
the General Election, the first big Stabilisation Once of Price
facing the new gov- prebi:m officials saldl that Mr Disalle
will be Britain's Procurement Agency, Senator the order signed
on Monday n
of payments.
o Wilan Fulbright's office actions registered to the value In the meantime, speculators sald today. night and it would be filed officially some time today.
in the sterling area abroad have John L. Erickson, Adminis-spread over a wide field. Noon It is effective
alleged that the goverment will trafive Assistant
Ful-quotations were: Under the
an official devalue
(Democrat, aterling again. Ono bright
Arkansas) HÅRES BUYERN SELLERS SÅLER snid, the basic
price for
a reporter the plan is BANKS
Ik Bank Imported and domestle zinc will report said the government has told
already
decided to devalue to backed by the Reynolds Metal | INSURANCS be 10.5 cents a pound and for $2.40 from
the present $2.80. Company.
Canton domestic lead 19
Unton !m- Galtekoll denied this
P. Patterson, former
Underwriters 420 imported cents a pound. This means ant
patiently. Only a few months War Secretary, is now counsel
fuc Fire- 140 145 boost of two cents a
DOCKS, ETC. for Reynolds. ago, there was agitation to re- fonect value the sterling upward, Mr Erickson said the whole The world market price of pointing out that it would en-aluminium picture was given
attention. these metals has been runningable Britain to pay for Imports close
as five cents a pound us inuch
with a smaller volume of ex-week Mr Charles E. Wilson above the old domestic price,ports. Nothing came of it.
the suggested An
possibility OPS official suld that
moving a number of West pegging imported prices at a
Coast Aluminium plants to the lower level and in keeping with
Mid-West and Ohio because of power shortage an imminent in the Pacific Northwest.
Mr Erickson said the discus now current is that the whole
hole sion also touched on the pos- problem of international trade-sibility of the Aluminium the problem of balancing in Company of Canada building a ports by exports-has got to be new plant in British Columbi studied afresh not only by Be- under a total-purchase tain but also by the whole ster- tract with the United States,-- ling
area and by Western Associated Press. IMPORT DUTY CHALLENGE Europe as well.
seldom Raw materials have Associated Press adds that a
a pound cach
for the domestic meials,
the domestic ceilings is expect ed to help stabilise the world market,
On the domestle side, govern- ment officials said the decreas is designed to encourroie ter production, Large produc- these metals is vital tion on to the defence programme.
Associated Press.
RATHER BORED Now, talk in some foreign quarters is of devaluation. The suggestions leave financial cir- cles rather bored. The
view
bill to suspend import duties been as costly as they are today.
Just
OF SUGAR
N. Pt. Wharf Dock Provident tast
of
con-
on zine has been introduced by partly because producing coun- CUT ÎN PRICE Representative James T. Pat-tries have perfected devices for tersen, Republican of Connecti-sustaining prices and partly be cut.
cause rearmament has sent some Suspension of the tariff has prices skyward. been urged in several quarters On the other hand, the "cold as a means of getting more of war". encouraged Japan the metal. America Imports Germany to manufacture about one-third of her require-
and and
-blocks- the--prth of the justißobly-oggravated-by-Mr-rents - Imports have been de../xport cheaply, thus providing price reduction of 25 cents per
locomotive.
The giant engine and tender will be loaded on a trailer for the journey to Surrey Com- mercial Docks, where they will be shipped direct to India,
FOREIGNERS' ARGUMENT Foreign buyers argue that
they should not be burdened with uncompetitive goods which Government Minister pub- Bridges and roads have to belly declares too dear, texted before the locomotive can be taken to the Docks. It will truvel at
four no more than miles an hour with u Police
escort-Router,
Wool Buying Competition At Perth
Melbourne, Oct. 2. Australian wool prices were than normal at
again higher
Mr F. Haigh, chairman of the Delegation, said: Woel Textile "The woollen and
worsted trade is one of
the country's largest dollar earners. Mr Dal- ton's irresponsible remarks have done Infinite harm to the indus- tryi
"At such a time the utmost tact is expected of men in Mr Dalton's position. He has shown no imagination and a complete luck of understanding.
that
"It is clear to most people it is prices at the recent sales in Australia that have fal-
This wool will Jen.
not be available in Britain for at least six months.
"What
are people to do in the meantime? Walk about with-
the Perth wool sales today but out coats, shivering from the
did not reach the peak recorded cold?"
at the Melbourne sales yester-
day.
At the Perth wool sales there
was an all-round
increase in
•
Canada's Wool Clip Low
price of 10 per cont and odd-
ments showed as much as a 15
per
cent increase today.
Britain
in the forefront
Oltawa, Oct. 2. (The overall increase at Mcl- Canada's 1053 wool produc- was 20 per tion was 8.6 per cent below bourne yesterday cent),
that of 1050, the Bureau of Competition at Perth was Statistics said on Monday. The keen with the United States and i tot
total clip of 7,471,000 pounds of was one of the lowest on record, buyers, supported by Europe The 1959 clip totalled 7,900,- and local mills. A feature was 000 pounds. The production in the entry of British buyers who the Maritime Provinces was up proviously thig seasori had slightly. The nationut uvernge shown litle interest-Router. fleece weight was 7.8 pounds, compared with 7.7 pounds a year ago. But the wool growers sheared 693,000 sheep this year. -United Press.
Growing Steel Shortage
Washington, det. 1.
Singapore Rubber Futures
Singapore, Oct. 2. is Prices of rubber futures closed
today as follows: Number 1 rubber, per lù,,
October November
18135-152
The demand for structural steel in the US during the last three months of this year more than double the available supply, a National Production Authority spokestrat said...
As a result, mid Lewis Allen Weiss, Assistant Administrator winter mibber, Debe 144-1474 of NPA's Civilian Itequirements Number a rubber. October Risstäl Division, only direct military. Humber & rubber, Deloner 139-1799e and Atomic Enery Commission Spot Fühber, undated
nick crepë............
109-111 needs will be provided for com No. 1 pale crepa
107.103 pletely."--ssociated Presk
United Press.
clining aince the first of the
Denver, Oct, 2. The Great Western Sugar Company today announced a 100 pounds in wholesale price a potential and-in-some cases,
*** | of sugar. check upon
of prices
Mr D. J. Roach, Company There goods.
are Vice President,
"pre- sald term two
factors Import duties range from one cent a pound
on zinc sheet to Britain's case. One is that the sumably" the reduction will be
reflected in
retall prices. Ho less than one cent a pound on third quarter is always a poor of in Britain's balance ores and Eine oxides and sulphides.
show a seasonal decline in col-
year.
actured
short
zine slabs and pigs, zing bears since summer months i
in
Rep. Patterson told the House onial exports of raw materials Lo the United States United that Congress already has sub- pended the tariff on copper. He Press. saizl
the same action is needed the case of inc. without. which
connos be copper fabricated into highly essent brass products. His bill would make the suspension -effective fur two years- Associated Press,
Smaller Car
Planning
Hemp Warning
To P.I.
Manila, Oct, 2.
Islands The Philippine
oficials said the production of
said
Maintains
the new price our standard dif
S'hai Dock Wheelock
LAND, ETC.
R.
ROYAL INTEROCEAN
Dzie
Part
In Fort
In Poit qu bet
Tird Oct.
2nd Now.
ard öti.
•JIKAMPEK MAKASSARM
**TEGELBERG"
"VAN BRUTIZ”
ARRIVALS
“MAKASSAR"
"STRAAT
MAKASSAR" "THKAMPEK? TEGELBERG- VAN BEUTRZ“ "TASMAN" “TJIEKBAR”
*TUWANGI
"TABULAR”
17th Oct 24th
“TIBADÁK“
4th Nov.
"STRAAT
MAKASBAR”
LINES
5. Atrich & Singapore,
Holland (hikidan VOTARE).
Halswan Pak, Pinang, sizźkbore a
America, 9. Adrien, Bingobory
JADES
ZKANIAL, Zats Porta, & finisÏëra
Japan
data Porta, Macamar dißipgnpçes
Japan SRILAKÓS
Japan Forts Japen Vorta Jupin Porte
papar, Pensng & Bolawan Doll Singapore,. Paning & Bilawan Dah Mania, Singapore, E, a B. Africa
8. Aprica
KIDESPOTS, data Porta & MEDALS? Jspin Fortz
Japan Perta
niendis, Bingaphie, 8. Atılä a
Amerita
General Agerits: HOLLAND EAST ASIA LINE
Date
4th bet 1ith Oet.
Bhio
"HOOGKEREN
ABEÏVÁLS
"ARENDSKERK”
3th Nov. "AHENDEKERN" 2nd week NOT. "KIELDRECHT”
15th Def.
M
*ROÖĞRERE*
“AKINUSKERE" "ARENDSKERE”
Japan
Fred
· Europe & Bingapore Зарай
Europe & Bingapore
BAILINGS
Manila, Singapore & Europe
Manila, Blagspore, à Europe.
FLEEPHONES
26013 TODAY
MAGGONNA GRET, SHA AKA
#135 MAERSK LINE
HK Hotel.. 8.10. 8.40
HK Land.. Humphreys, BISS
UTILITIES
P. Tram (0) Sias Ferry 10%
Light
C. Light
C. Light (B) 8.00 1.70 Teleplume 1400 M05
FAST FORTNIGHTLY BERVICE TÓ:
NEW YORK, BOSTON, BALTIMORE & PIÍILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMÁ,
"NEXT SAILINÒS
M.S. "TREIN MAERSK”
In Port
M.S. "PETER MAERSK" M.S.
Oct. 18
NICOLINE MAERSK”
Oct. 31
INDUSTRIALS
Coment... 1331910 500
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK”.
Oct. 18
Elope
10
M.B. "ANNA MAERSK”
Nov. 14
1000
M.S. "LEISE MAERSK
STONÉS, ETC.
Dairy Watson
COTTONS
Ewo
Dec. 2
1740
17.60
2000 3.16
1748 G 5.30
LONDON- TIN MARKET
London, Oct. 2 Prices of tin wère steady this of 20 cents a hundred-morning. Turnover was 170 tons, weight under the Southern re- including 25 tens for cash. finers'
re- Southern price." finers manufacture sugar from Prices closed today at the eisd
cane while the Great Western of the ometal morning session as
and follows: and most other Northern Western companies produce it pot tin, buyer from sugar beets-Associated Spot pokler
Press.
Indo-Australia
An
Trade Pact
Melbourne, Oct. 2.
agreement
between
governing
and Australia up to June, 30, 1982, has been concluded in New
Insila
here
DOZIS Busines Bone at Three-endnis tin, buyer.. masih
5:30 Three-months kin. seller. Business done al
13734-135 Selliertent
205 United Press.
Cotton Exports TO West Germany
Washington, Oct
The Export Import Bank,
Me night anounced credits of p to-to $50,000,000 to facilitate the export of United States taw
United Press,
Australia has agreed to im-cotton to Western Germany
hemp In Central America trade threatened the frland's abaca
said the threats Delhi, the Acting Commerce Industry, but "not immediate.
Minister, Mr George The statement was made by Man
announced Leay, Chair- Mr Placido L. Mapa, Detroit, Oct. 2.
of the Rehabilitation day. The 1052
model year may man
Corporation, who re- Finance
from India auto-
Jutė goods, bring another smaller mobile, but defence problems turned here on Monday night port
and other products, Insced off have upset some car planning from Washington where he had yarns, cotton textiles, linseed, with conferred
Mr McLeay said, makers have experimenting with officials.
Australian exports to India Mr Mapa said the Philippine will include wheat, lead, zine maller vehicles. Only Kalder Frazer and Nash have them in telands must increase production and fallow-Reuter.
to per acre and maintain quality if volume production. Likely
added for the 1052 model the Islands avant to hold the - Overland's dominant position. In the Im-
Several car
been
be
13
Wilter
American
shorter portant fibre Industry United London Rubber
season long-planned wheelbase design
Whatever plans other car makers have had to test out the smaller car market may
Press.
have to be deferred until after New York Sugar
the
present smaller
here
Futures
defence, emergency. But indications are the wheelbase design is to stay.. Consumer reaction to the nowes! of the smaller cats has
New York, Oct: 2. Betin beiter than most auto
World: sugar futures closed niakers expected when they today unchanged to 3 higher were introduced. Aƒ with enley totaling 25 contracta. sociated Press.
Black Pepper Market
Contract No. 6 clered today 3
Futures
London, Oct. 2, Prices of.. rubber futures closed here today as follows:--- Number a rubber in cents
per 20. October
November. Decembar October/December Jamiary/Maren (1992) 445-4214-12 April/June
Unked Prets,
higher with antes totalNew Orleans contracis
Prices... closed today
follows
"Contřábe 26. 4 (Wi4là) January (1032)
Now York, Ock 2. In the black pepper market; March
May October delivery was indicated Pay
pound, November September At $1.70 delivery at $1.07 and December 12 at 1135--165. Proamber/detaly delivery: was quoted at 183 16 May pound and January/March: RT JULY $1,49. a pound, sillion an
Weptember ·
2.33 nomina)
B.JtNominal
*.17 pominal 0.18bcd
Cotton Futures
QUADRT December
148 nominal: March- -(1903)
5.60 nomjna)
October Snominal | Proimber,
Pies.
30.00
Exchange
Rates
Buster was done in the Local Lenofficial Exchange market morning at the following -rates:--- Sterling note (per EL)
this
Indonesia, tiders (per 100)
14.10
US Dollars (per, 81)
Bismicas (Der 100)
Blogipore faults)
FIC plastres (per 100)
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rote
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