Royal Interocean Lanes
"TUWANGI"
LAXMAN
1
LIEKAMPE
''
BAH"
JOB
It
1
NEL INGRA
SAILINGS
500
TIN
To
Vingapore, Jax &
Singapore. DJAN,
& Penani
Stanila.
Bingapore
America
Marassar
Ben
Afibra A
Jak s Irfan Setorang
Mausspar
MAIDEN VOYAGE
Singapore, dava A
THE CHINA MAIL, FRIDAY, DECEMBER 21, 1951.
Formosan Sugar
Manassse
+
Japon Party
Penang & Belawan Uza
DE ו
Japan
Jay A 1121 Vina
COWANG
TEREJALENGKA
Th
ngapore Java &
MELANGE"
CANADANE”
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ATENED NGLA
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INSESAIN
KEDAANG T
KOHANA
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Mawar
גלי הדר
Sel
A
AKRIVALS
From
Las Pal
A SDF **
Cener Agent
J. A
www.
أو
HOLLAND EAST ASIA LINĘ
SABLINGS TO EUROPE
PARK
AFRI
CHOOSERKA
PARENTSKIRA
13
1.
1.00
SAHINGS FROM EUROPE
Sus
Hotterdam
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. יכו
War
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Activer
Hongkong
TEPL
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Apa
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ANG PERK "OVERIJSELS BOOG NERA CANEN DRINK
KIPE
KING'S BUILDING. TELEPHONES: 28015 TO 28017 CHINESE AGENTS: 82, CONNAUGHT ROAD. C. TELS: 31196, 25133
Economic
Future
Of South Asia
New York, Dec. 20.
A
Given that, the Western,
An American importer and economist says the once-colonial people of Southeast Asia want only one thing--complete independence. he believes they will lean toward free enterprise system of doing business and will become economically sound.
Morus N
ROSCIENC
2
York look qut trek bager
111314-4 met
1
New poratest by any body.
Bem-
od States Ur Soviet saddled They rede to be tree! : Joart
Ples cars net Wand re
it the
ane!
: זיי: זרנו.
e of the
several 1KN Wit da
10 Bey cabi wal convinced hair. 141 It's
M Rosenthal, 31 Swietl is in the led the Parthe
Hall and Compativ But he said, - lead of all else the Stein
ingering bude te was a de brite lei tha prontar zo sestarane Conference of Asia in Singapore delegates res Andon Other
20 countries presented abit The basic plan was to have busi
is a burt ag clasate on the part of the people to be bet
They
learn't
theme
alth
CAR FIRMS
REQUEST
ON PRICES
Watengton, Di
For ph
manuleitures ceiling rieg
C
fir sathes of these reuntries meet
les
0341
SULNE BOTTL 014 economic the reached in Adure can be Pala
Collegetice.
larritst
1 other
the Al Jment visited
slappets business interests an Tharand Malava Indonesia, India, Pakis-
at the Philippines and where, always to and the
have quisled,
thing
from 4 27 28 48 per cent, the Government disclosed today
T request was made under the provisions of the new con frok law.
In addition to Ford, bugher the asked by WIFE reilups
Corporation, Rud- Studebaker
Car Company and son Metr Ka F.z. Cumpara on.
I
the grunted, would
increases
For Japan
Taipei. Dec, 20 Nationalist China
will
1 170,000 fonts of sugar to Japan for approximately US$20,000,000 in 1952 as a result of the recent falks old in Tokyo between M
of T. Yang. President Formosa Sugar
('01
Deration and Japanese
merchants.
Com
Of the 170.000 sons, 150
ald to be of Most of
arctined sugar.
I will be shipped to Japan and Feb- dening January
ruary next year
The total sugar produc- tion of Harmosa jor 1951 w 1952 is estimated at 500.000 Lons.--Rroter.
Foreign Exchanges
In NY
•S$0
De w:
-13 IN
2 7-1 th
2 ret
213 d
7
7 77
Japanese Plans
For
Further Increase In
Shipbuilding U.S. Hopes
(FROM RODNEY CAMPBELL
New York, Dec. 20.
The good ships Akagi Maru and Akagisan Maru, each of 10,000 tons and trimmed from stem to stern with flying pennants, put into New York harbour.
And soon truckloads of cheap "Made in, Japan" goods left the dockyards for sale at bar- gain prices to the victors of the Pacific war.
HONGKONG SHARE MARKET
(From Our Correspondent)
rise
נו !!
Raised By
Crop Figure
Washington, Dec. 20.
MESSAGERIES
M
"LA MARSEILLAISE"
"MEINAM"
BIR HAKEIM
MARITIMES
15
M
Outras for
Manila, Tokubums &
Kobr
Saigon
Homeward For
N. Afres & Europe
1
Arriving
Leaving
Jan 12
JON
Fah
ས
Jan
f
IAS
1
LA MARSEILLAISE"
25
Jan
26
Marseller via Mania
& Satcon
BASTIA
Jan.
20
N. Africa & Europe
*"MORTAIN"
-Fch
Mar
1.
Africa & Europe
passengers & freight.
freight for Saigon, Port Said, Tunis, Algiers, Oran, Casablanca. Havre, Dunkirk, Antwerp &
Subject To Change Without Notice
Tangier The Government's first
Rotterdani crop report for 1952 raised official hopes today that the coming year may see grain production again matching the nation's needs.
Less than
ng M: Dean Rusk Assistant Secretary An Agriculture Department of State in charge of Fa, Eastern wheat crop forecast yesterday indicated that wheat production Affairs, told the American ship-
that in fustry
next year may exceed 1,200.000,- MODER Brite: Slates ain woul 1 be sent D00 bushels That would be tha
the Japanese shinnad ters third largest crop on recupe after the barnek vere
A
would 12 crop of this the Frents dette i line, pray exceed Pe Departmentle pirado e tion Kool ul 1,1-35 000 UHD bushels and permut the addititru of upward 01 100,000,000 bushels
reserve supply the
trom
427,000,000 about 335,000,000 bushel
x that the Ja, me ship-
was in for a bust ang ini
Ja
this Week
tire
we to the "Nex Jap shup 14 buiting plan inaz ext gal declined
by 50 per cent
years because of laggh The seventh wave of Japanese two. ship construction site the war production.
Saularly, reserves 17/ 100,000 had been schedule for Lons New Tot va was falking Stock
135,000 corn and 130.004 But as aathorities were dem sharply
JAD DON
Gus trans: SHARES BUYERS SELLERS SAFFS abat GENT LOANS
223
74
274
1198
Award
al
1435
quotations and
1M323-10-1
Business desist
this Exelvage
5447.740 70 Nubo the morning's
071 the Spek
WDS
4211
2030
་
HANKY
PRAH'
Drew PX25
F
ES 2297
234
30
P-SURANCES
Middle Fant
F
2 M
03125
20
SHIPPING
$373
A Nav
7774
145
11433
JAAN TI
1 America
K Whet
4703
1+
147 |
500
Providen:
Winnluck
34)
02150
LAND ET
1024
HK Hotel
5
f
1153
Chal
Mex en
214 Makas
نار اقوام
זואליז
anderwijayak HK Fare
IK Lend
Humphreys UTILITIES
Th
301 102 97% 17%
350.
1315 13 80 250
11
120.000
PLANS READY
Plans were ready to sad up to len new 15 of 16-kant vessels al vet the Pacid several of them on the Yokoluene u New York run.
Old names hite Nippon Yusen 17 Kaisha were in the forefront of the new planning and the line Marine Tisnsport Line was not far weh the amous NYK the prewar ora.
54 $ 7༞ ::R
14:4
1000 170
4250
Vinzuela
2009
E Trat 13
23
Tam (N: 11
Far East
200 a 11%
Sta Feri 143
india
2094
Light
2030
0 XD
:755
Ligt
140
IN: XD
IKLA
Pak star
Indonesi
Japun
360 yen to US$
United Press
Weekly Bank
Statements
London, Det 20 The Bank England stale Ant
week ending December 19 years as follows
21430236,000
1
N1- Puble deposits Pivate depos
Regules
Receipts
15,550,00€
379,097,000
16.280.000
44.770,000 |
10
Elatyhe
Sixty-three new ships were to be completed in the sal year 31 1952 01 26 ending Mai h Freighters pul down
il
feed grains, particulary !
dechred oals, have
past tw during the
that they reflecting the
kopl production has not
pace with needs.
years.
The Department has appeale for larger fees grain crops next They will not be plante í. yenT. however, until next Spring
Yesterday's report was limited
to new Winter wheat seeded l Autumn. In
Winter forecast
wheat production at $18.000,( bushels assuming 2107358!
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Ruilding (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S.
"LEISE MAERSK"
Jan.
M.S.
"GRETE MAERSK"
# Jan. 16
M.S
OLGA MAERSK“
Feb. 2
ARRIVALS FROM U.S.A.
M.S.
"GRETE MAERSK"
Dec. 27
M.S.
"OLGA MAERSK"
'ar
No forecast will be given for !
M.S.
"JEPPESEN MAERSK'
Jan. 6 Jan. 14
weather conditions until Summer harvest Such a crop would he 12 per cent large in this
i1 last Spring wheat until after
996 January, live are now ready The seeded next Spring But a crop For Freight and Further Particulars please apply to:-
30 # 200
0.15 40 310
24 3000 22 17983, been launched.
Far Boman, 211
Macu Erd Telephuse INDUSTRIALS
Cement STORES ETC
Dairy
W:
144
16 16:30
19 1914
vessels.
Was
of 300,000,000 bushels is possible. other 21. fen of them the new
year's Spring prop 2015 and 18-kno
have This
342,000.000 bushels Associate Preas
2334
30 21. The keels of seven Begisters 147 12,
and two large tankers were si 100 0 1417
in Mar h and April Twenty- 4001610 eight ships were pul
May 500 19.10 1500 1920
27 270 h vi 26 20
3200 27 37
Ewford 30 MISCELLANEOUS
3,95
Yangisze
The Rubber
Markets
16.110,00 Prices Casted Per closed
BANK OF PRANTE
Pans Dee The Bank of France arent
the for
114+k December 13 roads as follows- Total role holdings Fix 191,446.678,926
the: Total
talante
4201520x
Sigo
Pixr- хут
H
to Advance
Peny si sludisation
Eill discounted in alid Funer broad Notes in eurulation Chitsen
and acents
Ind "a sing national sprit " these It was idle is hope that countries would not de business with Soviet Russia and Cum- Whatever the rutust China British may say," he sun. "some rubber
[ror: the Retting Malayan jungle plantations into Communist banis will g
ES
HOPE FOR FUTURE
Mr Rosenthal aphed to existing
factory wholesale ceiling prices. But they would result in about the same rise in percentage at the retail evel
Feid asked for jovenes
of
110
which Ford
ä
simdar now
5.30 per cent on its Ford line, 4.37 on the Mercy nd B.13
Thus,
if the on the Lincoin Office of Price Stabilisation ap- the increase and retail proved
went priers amount, costs
$1,900 would cost $2,00% under the proposed schedule.
Increase biggest The ask by Kaiser Frazer propos:d
cint per United Press.
ETTI
Ot
was
which increase of 24.33 Kaiser cars
Strike To Be
1726920
said the West
should not be ion worried about
this. however.
thi
herause amounts involved are small. He thought would only hurt the emuse of Democracy to attemp
to set up an iron-clud prohibi- tion
such against
shipments because it would foster ill-will to do so.
The executive came away from the Pacific with a feeling of
for the future, greal hope because officials of the various countries
beginning to think for themselves and their toward thoughts were directed
and improved productivity living standards on a democratic basis.
Southeast
were
Asian countries
need food, and in that need help must come from
To Bed They Resumed
Tokyo, Dec. 20. Four thousand employees of the
Milsukoshi Department turbulent
Store chain,
whose
the West, he need even more
technical advice, foreign invest- ments that will encourge local prosperity without foreign do- and good mination, sympathy will.
"Given those things, we will millions of people win these as true friends," he said. "Given fuir trude, those things hand they Southeast Asia can prosper."--
onded at mid-
that
in a "no time limit"| Astociated Press.
48-hour strike
night,
anncunced
would begin a
strike on Sunday.
The striking employees were
in three Tokyo stores of the
Mitsukoshi, the oldest and best
known of Japan's department
alores, for a three-day stint be
fere beginning their new walk-
London Dec. 20.
(utures Of rubber day as follows-
rubber, to rents.
Numbe
20 state-
February 1902. March ending Apill/June
July Septen:ber Gelüber/December
4 144 14.005
28231.300.4
41-42
414- 404-41 301-74
38-36% 304 poin
- United Press SINGAPORE MARKET
Singapore, Dec. 20. Prives of rubber Putures closed today as follows:-- $7,500,000,000 Number rubber per 16
December
706.BAG,732.001 1,775.488,810.399
147.886,173,081 tuted Pre
Grain Prices
In Chicago
Chicago, Dec 20. Prices of grain futures elated today as follows:- Wheat-price per bushel Spot December March 1952, May July
Humber 2 Tuhber
Junuary 1952-)
February
December
December
Number 3 rubber..
Number
4 rubber
December Spat rubber. unbaled Black crepe
No 1 pale erepe
140%-141 1324-34
13524-13622 1322-2
104-103 148-141' 103-106
157-102
-United Fress
LONDON TIN MARKET
F
London, Dec. 20 The tin market closed steady start today. after
100 Turnover
tons, all i forward.
Every one of those new shups. the American shipping infrastry learnet, will be in the owners hand by
next spring
WORLD DRIVE
Plans are so reads for the construction l 14 or 15 large,
t
GINNING FIGURES
Washington. Dec. 20. The Census Bureau reported ! today thai 13.564,489 running! bales of cotton from the 1951 crop were glaned prior to Dec.
13
This number compared with 9.178,376 to the same date last 14.775.69 two years year and agu. The increase this year re fast cargo vessels rush the fleets a sharply larger crop..... Japanese export strive all over the world Three large tankers and two three medium-size freighters are also on the draw- ing boar!
tatt
And nearly 10,000,000 Amorje can dollars advaneca belee the treaty was signed, and carefully husbanded by the Japanese. wil boost this programme.
If, however, the Japanese de- cide to build only 125,000 tons, the number of tankers will be cut in two, and the medium-size freighters will be left till later
If these plans are completed as the Japanese hope to corns
plete them, then hey presto, we have another major seafaring nation on our hands again, with any amount of potential for future expansion.
Selling Wave
In London
Associated Press.
RUSSIA
DROPS HINT
ON TRADE
Paris, Dec. 20
Russia will make every effort 10 develop her trade with capitalist countries, the Chair- man of the Russian Chamber of
Commerce, M. Nesterov, wrote
an
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
Business Upswing Reported To Be In Sight In U.S.
Washington, Dec, 20. stable for several months, the Department of Commerce said today but an upswing is in sight.
United States business activity has been
So far, increases in defence production have not dlone any more than balance the cuts in civilian output. But a big bottleneck in defence work which has been machine-tools, according to the Defence Mobiliser, Mr Charles Wilson, was being broken.
rcse
to
Machine-tood deliveries 18 per cent tren September in articic the Soviet October, the Department said, magazine, "New Times"
with a further rise indicated for The vicle, summarised by November. the Moscow Radio
said it was the Soviet
hope
Gment's
There is a
to consolidale International cf orders. co-operation and that, P QUD- sidered
the development
based
The
two-year backlog
Department's
monthly
of survey of current business noted trade as a major factor in inter- several signs of future improve- national relations.
Bn analysis made ment, and Soviet foreign policy was pri- jointly with the Securities and marily
on the possibility Exchange Commission also poin of
peaceful co-existance of the ed that way. London, Dec. 20. Socialist and Capitalist systems, Fairly heavy selling ni Bri-Nesterov wrote. tish Government bonds on the tional Economic Conference to He added that the Interna- Londen Stock Exchange today, i wir ses ranging to % of a point.
Informed quarters attributed The losses to recent restrictions at the end of an bank credi: by the Govern- the official morning session
some
ment which have led market operators to raise cash bond hold-
2 67 2.58-2.57
easier wus
2.612- 2.53-7 2.499-%
Prices closed
Corn
B5
Spot December March (1952)
1.97
follows:-
10-
Soot tin, buyers
017
May July
1,05% 3.05-
Spot tin. Rellers
022
by peddling their ings.
Business done at
1.9
Three-months tin, vers Three-months in Bellers 2.19-2.14 Business done at
Settlement 2.13-2.134
912
019
DIN-003 920
12596-46 D5-4
Ryo
December
March (1852) Oata
December
March (1962-
New York flour-per 200 16. Snek $12.00-United Press.
Gains In New
York Cotton
United Props.
TRADING LIMITS IN EXCHANGE
London, Dec. 20 The Bank of Englons 10čny issued
treding the following limits for the foreign exchange mørket: --
New York, Dec. 20. The cotton market closed today | Zu with
Most sections of the market followed the downward lead of Government securities, although Bome
stocks regained part of thelr losges before the close.
The Financial Times' Caily
be held in Moscow on April 10 would probably mark a great step forward in consolidation of
economic international tlos-France-Presse.
Japanese Spindleage
Alarms US
New York, Dec. 20.
A textile trade newspaper, the Record, today This analysis showed that do- Daily News
article to the fence manufacturers invest devoted a long
ex- among American ments in new plants and equip concern ment are at peak levels now, porters at the rapid growth of
In Japanese spindles. while gimilar Investments
non-defence industries are lower!
rela-
this year.
Japan-Indonesia
Talks
It said that Japanese spindlenge
at present stands at 6,000,000 and
than their mid-year highs.
These "fixed" investments are has created consternation in ex- expected to total $11,141.000.000 port circles in New York.
The steady rise in the pro- ductive capacity of the Japanese cotton textile industry has been with increasing concern erican exporters of lape.
PRICES STABLE
21
watched
re- by American
and
The
prices were Industrial latively stable in October
prices on cotton Japanese November, the Department said, fabrics were near, the American following six-month drop. levels in the world markets.. Wholesale prices have noted the One exporter points out, that
thin
is a temporary situation. Farm palces climbed a little
ore interest among There is more The Ashery sub-committee of the Indonesian-Japan talks met but it was because of bad wea- American exporters at present for only one hour today.
ther and seasonal factors which for another textile conference. The Indonesian delegation do not affes non agricultural However, up to this writing, B311stened to Japanese explanation business.
'ndex of London stocks was 121.8. of Associated Press. Japanese bonds
of 3800)
|
"E" (19 of 1010
(5 of 1907)
104
of
"D" (63, of 1934)
8th of 1934)
*2
13435
Consola
to
United Press.
NEW YORK MARKET
the
Tokyo, Dec. 20.
is open
game.
point
no
formal invitation has been re-
No one is certain at present whether the United States would sit in as an unofficial observer or as an official membër«-United Press.
Target
US Canada Japan
are ceived.. Heavy basic industries shery agreement recently In-producing as well as they did fiulled. After the brioßng, both October or botter.
Basic materiala with high pro- delegations had a brief dlacUA- New
sion on the agenda. York 2.78-1/8-2.79%;
auction reflecting a big demand Paris
The nahery sub-committee Montreal 2.85%-2.88%;
were steel, other metals, In- 130-139%; Bruselis
at 11 mecting opened New York, Dec. 30.
4. at Sustrial chemicals. crude petro- 972-973:
to 10.86
10.57; Amsterdam
The lock murkot turned the Foreign Office and adjourn leum and equi
of major con Production Lisbon Zurich 13.28-13.98;
The reparations sub-commit- numer durable goods dipped in a net gain of 34 to 45 80.25-80.05; Stockholm 14.47 highly mixed today in late trid-ed at noon until next morning.
without tee which did not alt today is Ostober, however, to, n The change cums back at their jobs this morning New York Dugal | polats. Prices of cotton futures 14.50; Oslo 19.98-20.0%; Copening after a higher stort.
tomorrow only slightly above is sur solling pressure ar great expected moment, though offerings were after the drrival of nine more Inmer's low level.
donesian delegates Associated Television set produstion in persistent throughout the laber
urossed. The' disput' ct refri- part of the minion.
gerators, automobiles, stoves End Prices were from around two
Fables was off, United Press points lower to a polat higher.
The volume of trading con New York Metals
estimated the local tradled to
1,300,000 This ; aliances me compared with yester-
| day's: 1,810,000 There
Dow Jones Averngor H *Industrini isinde 191949, 207.46
Futures
New York, Dec. 20.
43.28
40/41-42 43 $3.304.29
38.90
closed as follows:
Spot
May July October December
March (1962)
May
30.38 montina) 30.60 nomiZENİ United Press,
5.33
5.38 bid September gan 0:55 nemiinal Work Buger tutures No. 4 eloned
Spat
NEW ORLEANS MARKET
$2.39-42.40 March (1900)
41.94-41.00
(4.70 bid
strikers with cluba "'un sup- preksioil of the labour union
#
Isoumber
naw sugar spot 0.10 nominal
MAP
Ansociated PrID,
Domestic sugar futures No. 1 On the protest of a Socialist closed unchanged to one lower. Maruh lepas
Sales 184 contracts. Assemblyingn, the Tokyo Mund-March......
cipal Areembly yesterday pro May
investigation into
charges thet police who broke one to two Inwer. Bales 13 ventraris.
up pleket lines had brouters
mised ・an
movement.Ursilat Preen,
35.73. B, d “United Progr
19.32 hagen
to 19:30 and Indonesia 527-520.
United
Exchange Rates o
Buninkaawan "done,
market Vatic hurning at the following retable
Indonesinulidera (pel libju
Bith. Elcar Tour 100),ne Hingapore 18traila)
| PIC pustres (per 1003 "k
11,30
Asociated Prest
Prese.
York, Dec. 20.
KERNE motul, market:
Prices
oložen today, unishatred with | the following excellent
Deryllum (10 to 12 per cent) per to 34-37 Unified Press.
Exceeded
Taipei, Deo, 20 The Taiwan Fertiliser Com paration today disclosed that the production of chemical fertilisers from their own plantion : Formoss, this year, has exceeded. the original (target:
$7,000
! meris corporation said that New York, Dec. 18,0 100,000 matrie Jors, of furulisem Chora was quoted Ibday tai had been produced up $107.00 per hort, ton. Rakad, Dicimber 18 maled that Cosoanut oil was quoted at 111 a total of 104,000 metrie somn cents a pound asked United will be produced by the end of
this year--Reiter
Press