THE CHINA MAIL, THURSDAY, OCTOBER 11, 1951.
MESSAGERIES MARITIMES Japanese Goods
M
Arriving
"LA MARSEILLAISE" ..Oct. 20
"LES GLIERES"
"OYONKAX"
+"MONKAY"
LA MARSEILLAISE”
M
Outward For
Leaving
Nov X
Oct, 21
Nov. 15
Yokohama & Koha
Потеката
d For
........Get.
Nov.
23
2
24
Nov 3
Nov. *1
Nov 23
⚫ passengers & freight
N. Altra & Europe Manila, Saigon &
Marieilles
N. Africa & Europe
† freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Huvre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
Japanese Rubber Industry Shows
Signs Of Recovery
Kobe, Oct. 10.
The local 'rubber industry has begun to show signs of brisk recovery after months of depression, ' reports the Japan News, this country's leading English paper.
American Tin Stockpile
The
Flood S'pore
of
Singapore, Oct. 10. The first "food" Japanese-made goods bus All the Singapore market, Japanese ckgarette Higher-tractive, sturdy and emolent-ate selling at Straits 50 cents each.
A Chineye importer said the public can sæða experi
10 sec
талу other Japanese fems-Associat- ed Press.
RALLY ON
LONDON
Japan Offers Barter
Deal To Build Up RIL
Trade In Far East
Singapore, Oct. 10.
Japan today offered Asian nations a new barter deal to build trade and industries in the Far East and bring Japan raw materials.
a meeting of the
The offer was made at United Nations Economic Commission for Asia and the Far East (ECAFE) attended by 28 coun- tries.
Chief Japanese delegate Mikizo Nagai said Japan would supply capital goods and technical skill to aid nations in return for raw
EXCHANGE industrialisation of Asian
London, Oct, 10. Prices on the London Stock ¡Exchange forged ahead on a after a hesitant
brrad
the way
front
a
Dr.lish Government bonds Icd!
with advances up tu
Textile point.
and building issues were in good demand among domestic stocks bands German and Japanese riosed Brry The Financial Tirnes daily Index of stock was 137.5
Japanese bonds
"C" ths of 1907)
"A" 145 of 1809)
12
1 (4s, of 1910)
582
"D" 15s, of 1934)
79
"E" (548. of 1934) Consols
125
853
Associated Press and
United Press
NEW YORK MARKET
New York, Oct. 10, Stock drifted irregularly to since i the
session quietes August 28, with volume only The vally was credited to im-11.320,000 shares.
demand. Jsement 13 erease in demesta stocks and
rubber quota- jadual climate i
de.
|
1
The general list fluctuated in bul here and a narrow range there certain issues rose sharp Ly and others Inst several juints
i
the the
The latest xal quotation bag The Jewish holiday and
132 cents) basebati game explained led from 116 yen US 7 per pound of RS No. 3 lack of iruding
Oits put at the end of May to 1901
ve (53 cents) in early October
T2
Washington. Ort 10.
stockpile ng.
United States'
of tin wELS described here ሰኔ 5
very large, by
il
Mr Stuart W
Press
conter.
Syrrington, head of the Recon- atruction Finance Corporation.
Speaking ul
Mr Symington ence yesterday, whore Corporation has a mono-: poly on imports an domestic cales of the metal, said he ex- pected a favourable agreement on tin purchases to result from current negoti.tions with Boli vio.
at
טפת
15 360
eased
1.089 sues to! Of
16-
averages at session stood
the
as
were irregular. Motors
traded, 480 yen exchange US$:00
declined, 349 advanced and 200 Demand 45 steadily improv❘ were unchanged,
Dow Jones Rubber Lraders have
of the end ceived special Procuremen orders for 37.000 automobile follows:
30 industrials ivers.
20 rails Japan ex- During September
15 utilities Burma. ported 4,900 tyres to
40 bonds Inquiries
Asia from Southeast were reported steadily increas
Considerable demand also is from the National expected Police Reserves Creation the reserve force now is in full swing.
materials, particularly rubber and tin.
Canada To Go Ahead
Alone
Delegates of many Far Eastern nations. who have expressed ícars
thai cheaply made Japanese Foods would offer serious competition, listened in- tently as Mr Nagai let them out to WAS know his country capture all markets possible.
The Japanese offer followed STE by the Soviet Union to upply Far Eastern nations with
dustrini machinery ол II milar swap deal. Russia, too, wants rubber and tin in ex- change.
Mr Nagai
said Jupan concluded Arade-pac's with ECAFE countries and siis looking for more.
Ottawa, Oct. 10. The Canadian Government has announced that it would ask Parliament for authority to go whend alone, if necessary, with inst the development
the X Lawrence seaway and powe!! project.
In 1941 America and Canada agreed to a project of exploiting
r:sources
the
the St.
of
wrence and deepening
some of its channels to make he 1,945-mile river navigable
HONGKONG SHARE MARKET
(Our Own Correspondent?
Business done on the Stock this morning was Exchange valued at
Noon $890,217.50. quotations and the morning's transactions:-
SHARES BUYERS SELLERS SALES BANKS
BK BOM .. Lass dice
ward 1930
INSURANCES
Canion Inion
Date
to Part
Ja Port
In Part
19th Oct.
19th Oct
23rd Des.
24th Oct.
26th Oct.
3011 dét.
2nd Nov,
Ship
"TASMAN"
"VAN HEUY8Z”
STIIWANCEL"
“TJIBRIAN”
THIBODA.” *TEGELBERG“ STJIHADAK"
RTRAAT.
ARBIVALS
MALAKKA" **THITVALENGKA" VETERAT
MAKASSAR"
From
* Pare
Belayne Dell, Penang, Singapore
MACKSEAT. JAVA Ports & Stazapore
JavaTM Porta JADER
Java Port, Macassar: § BiREASOře A.
Atriza, Singapore : di
Mackay, Java Porta Rizgapore
Japan
SAILINGS
19th Chet.
"VAN HEUT87"
(7th Oct.
"TJIBESAR"
17th Det.
**TIIWANGT
314 Oct
"TJIRODÁS"
Za det.
“TABMAN"
26th Oct.
1st Nov.
**YJIHADÁK** "STRAAT
3rd Nov, 4th Nov.
MALAKKA" #JTJALENGKA"
"EYNAAT
MAKASSAR”
то
Singapore, Penawi * Belawan Dell Manila,- Singapore, K. & S. Africa
8. America
Singapore, · Java Poria & . Macksraë Japan Porta
saigon...
Djakarta,
Sorabala Japan Porte
Jalan Parts
Sinerpore Java Poris & Macassar Manila, Singapore, B. Afrien
America
General Agents: HOLLAND EAST ASIA LINE
240
Date
760
has
K
Underwriters HK Fire DUCKS, ETC.
Wha
£36
1000 & 4.70
12th Oct.
140
8th Nov.
100 100
He declared: "The Japanese economy is in close interdepen- tent relation with that of the Japan is &CAFE region and cager to strengthen further her
rade relations."
Mr Nagai said the outbreak of the Korean war and ensuing
by large ocean-going ships. rearmament on a worldwide This would enable vessels scale had stepped up Japanese he sald, the make an uninterrupted passage exports. But,
Great Lakes and higher costs for raw materials between the
presented a stumbling block. the sea.
The Japanese Government nad adequate facilities to supply capital and consumer goods needed by ECAFE countries.
In the first half of 1951, Mr
and
$ far the American Congress has failed to give its approva the multi-million dollar pro ect, although President Truman last onth indicated that hu
d would support Independent action by Canada If joint action between
prov
the Iwo countries
A. Pt. Whert 685 Dock .... 2035 107 Provident 14.60 S'tial Dock Wheelock.. LAND, ETC
UTILATES
3.00
06910
20 20% 1000 @ 20
1000 6 16 8315 5416 1000 en 5374
FIK Fotel BK Land
S'hat Lond Humphreys
1.80
5000
K
18.80
17 4300
17. 1000 i 10.90
110
C. Light (0) 949
500
C. Light (0) 6,05
6 500
7080 @
Stor Perry
C. Lig (8)
2300 € 910
$.83
6...
100 26.03
1000 € 6.00
2000 & 4.
4000 @ 0.
1000 18
2000 @ 0.
9.15 2000 20 6.90
3000 $16
by
..
Takephone 35,10
INDUSTRIALS
Comment ........194.38 147% 1000 @ 14.25
Tape
191 100 20 STORES, ETC.
Dairy
1000 6 29.20
1300 is
18 781% 4250 @ 18.09.
1500 @
Wintson
2211 231
5500 0
L.
Crawford 29%
Nagai disclosed, Jupau exported goods worth $700,000,000 imported goods valued at $1.- 000,000,000 He commented that foreign trade delicite since 1947 have been made
good American aid.-Associated Press. MALAYAN DENIAL
Singapore, Oct. 19. Mr O. A. Spencer, leader of The the Malayan delegation to the
to be impossible. In the speech from the Throne rend at the opening of the autumn session here today, it ! was stated that
Parliament 272.76
would be asked to authorise the 86.51
establishment of a federal 46.41
with the co 185.98 agency to deal
struotion of the seaway. project, which has dreamed of for nearly 20 years, ls estimated to cost $1,000 mil Hon-Reuter.
--United Press.
of
American
Demand for bicycle tyres and He sald, "We are allocating | rubber footwea also is becoming
tut f quite a 'Our alles
thore ac.ve. materials which we contral and
controlled The price of automobile tyras allocating them
In the pos advanced rapidly month At the end of August a tyre cos. 18,000 yen (US$50) and by Sept. 30 il cast 19,500 yen (US$54)
prices.
"I am confident that prices af which we buy tin in the future resumable will be considered by Araccican lax-Dayers and
Rubber circles predict the up- fair by those who supply the ward trend will continue, particu- larly with import controls liming metal-Beutes.
the amount of crude rubber per mittee in Japan Associated Press
BOLIVIAN DEMAND
Washington, Dei 10 Bolivian egotiators yesterday repeated a demand for $1.50 a
their 44 27 TH pound for long-term
contract Reconstruction
poration.
with
the
Finance Cor-
was in a presented 10 the
The demand morandum
RFC during a conference in the Bolivian Ambassador morning. Ricardo Martinez Vargas told a reporter that RFC officials are
now studying it.
Mr
Shipping Record
Washington, Oct 10.
أن
peace.
The Nationa! Federation American Shipping reported to- day that the number of ships in the United States merchan marine continued an zurge toward a
record time high, during September.
From September 1 to October 1, the reserve flec: of wartime- built ships
was reduced from 1.587 to 1.501 by the withdrawni
cargo ships.
Wage ActionThe total of active ships was
Postponed
a
been
METAL PRICE FIXING BODY
The
Con-
Far Eastern Economic forence, today dented American charges that Malayan producers of tin and rubber are deliberately
production keeping down kcep prices high.
[u
He said: "Malayan tin and rubber markets are free and unfettered, functioning on
2
The Rubber
Markets
London, Oct. 19. Prices of rubber futures basis of mutual confidence and Locontrolled by any organisa-closed today as follows:- tions of consumers or producers Number rubber, in cente
per 1, except in so far as they conform November o local exchange and export Deemmber arrangements.
SINGAPORE
Mexico City, Oct. 10.
44% The Mining Chamber of Com-
441/2-1 merce said prices of Mexico's metal exports will be fixed in
-unted Press. the future by a Board repre- "Producers, indeed, have been
MARKET senting mining companies, the more than
fully occupied in Government and the miners, rehabilitation and in increasing
Singapore, Oct. 10. announcement came output. Producers would say Prices of rubber futures shortly after the Américan all nations recognise the neces- closed today as follows:-- Smelting and Retiring Co., said sity for reasonably remuncrative | Number 1 rubber, per
Ib. October European lead prices might fall prices as the only sound basis enough the Company would on which the developmenn; of producing countries could pro- enter the US. market.
interruption." The Mining Chamber said gress without world prices would be the basis! Mr Spencer said attempts to spot rubber, unbaled
Виск споре for
to be achieve stability at a point No. 1 pale crepe the export prices
in the same period fixed. Domestic prices will be which is too low on the price from 1,800 to 1,840. The in- the world price, less the Mexi-curve would
export tax. Associated to Malayan Crease included the addition of an
Ը newly-built specialised Press. Cargo vessel weight
Resignations
of 12.500 dead- Washington, Oct. 8.
tons to the privately- Chinese Chamber fleet, which on October Edward L. Welsh, chief The Wage Stabilisation Board owned
for the RFC. believed today postponed action on 1 totalled 1,303 vessels of 15.- negotiator for the Bolivians will accept a lower negotiated
wage increase for 805,500 deadweight tons.
Government-owned vessels and mutually acceptable price. 1.770 ship radiu operators who
increased from nationwide under charter The RFC is currently paying have threatened
for tin
215 to 218 and Government- Bolivia $1.25 a tract.
A spokesman said no action owned vessels stated the $1,50 demand is out
under a 30-day
1
It
shipping tie-up.
The
he às disastrous producers as it would be for consumers to
November
December Number & rubber,
October
157-164
142-183 151-18216
347-14986 15215-1635
308+00 155-160
United Press.
attempt to stabilize at the top New Ships For
He said: "We do not think a
solution Is unstable where
of line with the present market will be taken until the Board cral agency agreement increasi rexignation of four key directo illusions" in some parts of
pound
a
and has indicated it wants to
prices around $1.12 keep
Associated Press, LONDON MARKET
Lendon, Oct. 10. The tin market was steady.
Prices closed today at the end of the official morning session
as follows:-
Spat tin. buyETE
Spot Lin. sellers
1,005 1,020 Business done at Three-months tim, buyers $12!5 Three-month tin. soltera 04712
953-543 1,00715 United Press,
siness done at
Settlement
Grain Prices Irregular
Chleago, Oct. 18.. Wheat steadied today but soy beans weakened in an irregular gral futures market. Whent Idares closed to higher and soybeans were 46 to 2 Jower:
Prices closed as follows: WHEAT price per bushel.
Root
September
December
"CUSAR) LANDRIAC
CORN
the
MAY CRIPPLE ment gave no reasons for their
5
India Coast
sympathy and goodwill exist but for that, we feel that some practical knowledge of Our
Bombay, Oct. 10. problems out here is essential." The Belgian-built ship Sagai Bangkok, Oct. 10.
Mr Spencer did not. refer | Lakshmi (3,555 tons) arrived Chinese Chamber
the American here today with a general cargs specifically to under the gen- Commerce here announced the charges. He did, however, refer trem Hamburg and Rotterdam. receives comolete details on ed from 281 to 317.
She is the first of two Belgian tors, including the president, the world that the producers is a private Mr The Federation
Teo
the Lan-chin. the manpower situation in the
were responsible for the in- ships bought by a local firm for industry. He did not know research organisation sponsored treasurer,
coastal run. The Sagar Mr Tan Chen-king, dated price of rubber-United the major U.S. shipping com- when the information
Lakshmi w Yang-PreRY.
manned by in, will be by
secretary, Mr Tan received, The case could only panies United Press.
chang, and a director, Mr Heng
BRITISH VIEWS German crew of 25 who will s be considered under a rare and
Hong-chien, The announce»
Singapore, Oct. 10, back on October 17 to bring the Trade between the Unitedster ship Ala-Reuter. unusual regulation which per-
resignation.
Kingdom and South-East Asia mits the increase if there is a critical manpower shortage in
The four directors were was traditional and Britain defence industry.
known to be pro-Nationalists. wanted to promote trade with the There are a total of 15 members region both to assist the econo- Tokyo, Oct. 10.
development the Chamber's board of mic
of ECAFE
IN WOOL Japanese officials fear that directors among whom many courtrics and to enable us to buy on the East, West and Gulf the country's fast recovering were reported to be pro- raw
fant Materials which our manu
Sydney, Oct, 10. Representatives industries might be crippled by Communist-United Prest
Bald Miss ¡M: The wool market . was ir- of the American Radio Associa
Denuchy, United Kingdom, re- tion (CIO) sald radio operators
presentative, when she addressed regular today compared with will not man ships unless the
the country's potential power Dollar At Newthe second day of the ECAFE Tuesday's firm tote. This was increase is approved. The law generation capacity of 2,509,000 from salling kilowatt hours was 35 per cent prohibits ships without radio operators below normal. Heavy indus- United Press.
fries and factories making china and textile mills were slowing down for lack of power,
The Board was asked to ap- prove a $89 a month "inequity" wage boost for radio operators
Coast ports.
Hongkong
Moji, Oct. 10. The Nippon Cement
Com
INDUSTRY
a rnin shortage. Government
Enounced that
on
High In Paris
conference
The
ARRIVALS
Ship
"ARENDSKERK" "ARENDEKERK”
From
2nd week Nov. “KIELDARENT"
"ABENDIREAK” “ARENDSHERK”
Europe & Singapore Japan
Kurope & Bingapore
SAILINGS
TO
Japan via Manila
Manda. Singapore & Europe
16th Oct.
6th Nov.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "PETER MAERSK”
M.S. "NICOLINE MAERSK"
M.S. “SALLY MAERSK”
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK” MS. “ANNA MAERSK”
M.S. "LEISE MAERSK” ·
Oct. 16
Oct. 81
Nov. 15
Oct. 18 Nov. 18 Nov. 80
-For Freight and Further Particulars please apply to:
AGENTS:
JEBSEN & CO.
- Tel: Nos. 36066-9.-
Pedder Building.
PATTISON ORIENT LINE
LIMITED
3. 1. “LĄURE PATTISON!.
Due From:
Port
Baile For
DIRECT to Puson & Japan, Oct.
14th
IRREGULAR TONE
12–14 Queen's Rónál C.
particularly noticeable for Aeday ha
was broader types. Comebacks und Kingdeja
crossbreds showed similar flue- of basic w
The Continent, Jopen and Park, Oct. 10. materials. The U.S. dollar reached a new she added, Britain could not sus
vially interested in obtaining tuations. suficient suppon tordign trade, Britain were the chief buyers'
A Japanese scientist has been high on the Paris black market tain more than a fraction of her with some support from local
Jap Cement For hired in an experiment to seed today, with single dollar bills population. The United Kingdom mills Greasy merino was sold
clouds with dry ice or silver closing at 421 francs and de- was at present running a trade of 184 pence. United Press, Jodide in the hope of replenish nominations of 10 dollars and deficit and could not afford con- doing the Britain ing the Kansai reservoirs-As-up finishing a 482 frames to a tinuing
-must, therefore, increase the total sociated Press MAMANI dollar,
rumours continued to circuiste In Paris business circles despite pany plant on Kyushu, Southern CROP FORECASTS Japan, is expected to export Washington, Oct. 10, 2.473.40% 27,032 kona, of cement this The Agriculture"""Depart Government, - United Frens 201801, nonth, an increase of more ment today forecksta
Man 3.609 tons over Inst crop in 1951 of 5,104,088,000 lightay down FRITS FIR month.
The Japan News reported Septe that 5,400 tone would be sent largest to Korea and 1,002 torsto
The the cama, as devaluation volume of exports Used Press Exchange Rates
1.00R
United Fros
New York, Oct. 10.
Cinawa, where a large Ameri- the wh
The
000
quoted today at can bond is being built,
short ton aakad and Other exports will voto | theo
oft ton bid, podonnut Brush Kost Africa, Australia, Rest tema le levan
Ledvinday KAW24X4 Tikkanesia Ceylan, Singapore, odùnd asked - United Pegang, Henglong and "Burion,
Clarkiated Press,wis
Busines/Wila Edade;
repeated official denials to the TEXTILE MARKET une exchimes
"morning" af the following
The
New York, Oct. 10,ALDOM cotton texti
Dullness In Spices was dul
the
holiday dimorphoto – pres
wycale indicated
pel materials were sticle
诎
the faces
Cattan
Chinese Agents
4
Tel: 25846.
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 26646, 26127 & 91119
M.V. "LA MARSEILLAISE" 12 days roundtrip
MANILA and JAPAN
Salling from Hongkong
Back In Hongko
GIE DES MESIAGIRIES
#21it October (10
2nd Nove