THE CHINA MAIL, THURSDAY, FEBRUARY 7, 1952.
Page
MESSAGERIES MARITIMES BURMESE IN A DILEMMA ROYAL INTERocean Lines
M
“ZELINJA"
*THEOGENITOR"
Arging Leavin
Feb. 24 ATAT.
...Apr.
*FELIX ROUSSEL"...Mar.
**MORTAIN"
*
"ZELIDJA"
2
Apt.
6
far. 7.
Mar,
4
Mar. 30
BIRE. Afar. Ji
•
passengers & freight.'
M
Outward For
Nobe, Yokohanes Haiphong
Houseward For
Blarselliâs via Manila
N. Africa &. Europa.
N. Africa & Europe
freight for Saigon, Port Said, Tunis, Marseilles Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk Antwerp & Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel, 26051 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
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M.S.
JEPPESEN MAERSK”
M.S. "HULDA MAERSK"!
In Port Feb. Mar. 2
14
ARRIVALS FROM U.S.A.
M.S. TREIN MAERSK"
M.S. "PETER MAERSK❞
M.S.
Feb. 16 Feb. 29 Mar. 15
NICOLINE MAERSK”.
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & & CO.
Pedder Building.
Tel: Nos. 36066-9.
America Aiming
At Increase
In Sugar Prices
Washington, Feb. 6.
The Government has firmly dismissed the protests of industrial users of sugar and again forcefully declared that its main objective is higher raw and refined sugar prices.
The Secretary of Agriculture, Mr Charles Brannan, condemned present sugar prices as in- jurious to domestic producers and voiced fear that unless they go up, mainland beet and cane
farmers will switch to other crops.
are
Are
Aure that you can appreciate the danger so future production implicit in the still lower prices of today," Mr Brannan said.
Mr Brannan set forth his per 100 pounds. Since those views in a written reply to the prices were followed by a cut complaining representatives of 15 in production, I am sugar-consuming industries. They wrote him protesting his effort to engineer a recovery of sugar prices,
Mr "The present price difficulty "We
confronted," Brannan replied, "with prices can also be illustrated by re- which
injuring domestic ference to the common agricul- producers and may bring about ture, benchmark of the parity further serious cuts in domestic price. It would require a whole- prob- sale price of approximately $9.30 production. Our present lem,
obthin per 100 pounds and a raw sugar to therefore, is sugar prices which will, 10 use price of approximately $0.80 per the danguage of the Act, fairly 100 pounds to return the parity and equitably maintain and pro- to growers of sugar beets teat the welfare of the domestic sugar cane, respecávely." sugar industry"";
The Secretary said: "I am sure you recognise that the Sugar Act cannot be administered on a one-sided basis,"
He defended his 7,700,000 tons ceiling on 1952 sugar, marketings here and the 400,000 ton "rega- tive allowance" he made as a
MORE CUTS POSSIBLE
U.S. Gold Colombo Plan
Stocks Increase
porary
n
in the
New York, Feh. G.. United States gold stocks have been increasing at fast pace in recent months bat this may be only a tem- Interval gradual restoration of the international payments the balance, according_to Federal Reserve Bank of New York.
The
Reserve Bank, In its monthly review of credit and
business conditions, pointed out that the outflow of gold from the
United States which followed the general currency readjust- ments of September 1949 came to un end in the middle of 1051.
The United States re-nequired in the second half of 1951 a total 1.f $1,005,000,000, or 36 per cent of the gold it had sold to foreign countries from October June 1951.
1040 to
1852 this During January country's gold stock rose by $230,000,000, thus Indicating further acquisitions of foreign gold by the United States.
mark
As
An Alternative
To American Aid
London, Feb. 6.
The suggestion that Burma may be steering her way out of the American orbit into the sphere of Commonwealth influence is made in a "Man- chester Guardian" special article, which examines Burma's decision to participate in the Common- wealth economic aid scheme for South-East Asia.
The Guardian suggests that Burma's decision to participate in the Colombo Plan was prompted less by her awareness of the intrinsic virtues of the Colombo programme than by her desire to hide her confusion over the changed name of American
aid.
*
or
Burma has -been receiving; eni closer arrociation with American economie ald for 16 Burma and might be expected months through the Economie to make a little go a long way Co-operation Administration. without arousing mistrust
antagonism. But with the end of the EC.A.
"To the people of Burma the any future aid from the Unhe Colombo Plan is stih a nebulous States would be channeled thing. Whether the technical through the Mutual Security assistance which Burma expects, Agency-a change, the Guardian of it will be forthcoming remains remarks, which has a special to be seen". and unfavourable significance for Burma and certain other coun
is one whose policy
of trica neutrality in the struggle be- tween the West and the Com- munist States.
said: "The reversal appears, from currently available data, to sethack primarily in the international financial position of the United
and the Kingdom
The Guardian remarks that overseas Sterling Area,"
the reaction of the Burmese Gov- Gold and official dollar hold-ernment to the
has renaming of the United Kingdom in been sharp and, so far, uncom- ings of December 1951 totalled
$2,335,-
promising. 000,000, compared with $3,200,- 000,000 in September and $3,867,- 1051-the loss 000,000 in June during the final quarter of 1951 being the highest ever recorded fur one quarter-United Press.
Grain Prices
In Chicago
Chicago, Feb. 8. Prices of grain futures closed today as follows:-
WHEAT price per bushel.
15 Rominal
Społ
March
2.4071-14
3.8891
May July September
2.0213-14
2.40
December
1.01
CORN
Spot
1.32
Barch
10101
May
1.843-2
July
1.85
September
1.0144
December
1.723
RYE March
1.97
May
1.9294
OATS
3444-15 45%-%
•
-London Express Servic#)
FOREIGN EXCHANGES
The title "mutual security as sistance" is taken by the Burmese Government to imply that the. fu.ure United States help will be Canada
IN NY
part of a mutual military policy England-oficial unofficial
in which Burma would be be- ginning to align herself, in a military sense.
a
Indications are tha:, consequence, Burma intends to accept Colambo Plan: aid In place of E.C.A.'s successor,
E.C.A. CRITICISED
**
11
30-day 90-day Australia.... New Zealand South Africa Belgium
France
Norway
New York, Feb, 0.
US$0,00-10/10 2,78%)
futures futures
9.20 bid/-
5.32 asked
2.771
1.76421
2.2215
2.784%
0190
Denmark
1455
West Germany
4.20
Holland
2030
Italy
..1408
0370
0039
3288
288)
asies
2.61
5375
0705 ,0500
Pomugal
It recalls criticism in Burma at the slow start made by the Spain E.C.A. organisation, when it was Sweden said that for months
nothing Switzerland
**** MIDDLE. EAST arrived except some medicines Egyp and some raw cotton for the fran new Insen spinning mill. Only
Also criticised
Icno
a year after signature of the Turkey agreement did machinery and LATIN AMERICA material begin to arrive for the Argentina
Brazil much-needed reconstruction of Holivia
Chile Rangoon port.
Columbia was the pro- Cuba
Mexico gramme of work of the American Peru engineering firm hired by E.C.A.¦ Uriguny to do an economic survey of Venezuela Burma.
FAR EAST India This survey will cost $3 Pakistan March
Hongkong New York four-per 200 ib, Back, millions and half will be paid indonesia
by the Burmese Government.
Singapore It has been stated that one of Japan the first activities of the survey team in Burma was to lend six engineers to supervise the con- struction of a runway for which 70 Danish experts had already been employed.
May
$12.70 nominal.-United Press,
Cotton
Price
In New York
New York, Feb. 6. Colton futures today closed off 7 to 27 points. Prices closed as follows:- Spot March May July
October
December
March (1033)
May July
42.50 41.03 41.21
40.43-40,45 37.60
37.31
37.20 bla
37.00 bid
38.00 bld United Press,
NEW ORLEANS MARKET
Spot March May July October December March (1053) May ald
July
"Morcover, it would require a tened agar price of approxi- mately $9.85 per 100 pounds to give sugar the same relationship to the consumer's price index that It had under the price con- trol in 1947,
"As you know, the fast re "price stimulua" in determining lationship is one of the factors upon that figure.
which must be considered under
Mr Brennari said: "Apparently Section 201 of the Act. I am sure your letter was prepared prior you recognise that the Sugar to the time you. Toarned that Act cannot be administered on Bugar distribution in 1931 fel a one-sided basis.
to 7,652,000 tons. Obviously you
When this country was con- did not anticipate at the time
serious threat you wrote your letter that the fronted with price of raw sugar in the do- of flatlonury psites i sugas, mestic maritet would fall to $5.70 the Department acted promptly nch 100 pounds or that the price and effectively to prevent exces of refihed sugar would continue sive prices-In the domestic to decline to the present levels market. In these efforts, it was
succesful. ranging from $8.15 to $7.88 per 100 pounds.
-... DRASTIC SITUATION
"Now, for the thue being at least, the threat of inflationary prizes has passed and we are in meating the drastic eltua confronted with prices which are tion of last year domestic prices bijiring domestic producers and were held down to levels which may bring about further, serious Tailed to maintain domestic pro-cula in domestic productión. dustion."
Our present problem, therefore, Salts to obtain mugas prices which -el Mr: Brannan blamed fixat eltun- wil,
tion for the 400,000 tons decline Act, Lakeland guage of the equitably main-
41.50
41.85
4120-41.22 40.42-40.45 37.52 2723 bid
37.10 bid
38.08 bid
36.43 bld
United Press.
New York Sugar Futures
New York, Feb. 6. World sugar futures closed today 2 to 3 Jower with sales totalling 33 evntracts.
Contract No. 6 closed 1 to 4 lower with mies totalling · 834 contracts.
"CONTRACT NO. 4. (world) ·
4.41 4.43 bid
March
4.48-bit
4.60
44 nominal 4.45
CONTRACT NO. 6.
May July
Smplember November Spot
March May
September November Spol
July
1.33 bid
5,40 bid
BAT bid
5.63 tria
6.67 nominal 0,40 United Tress.
Rubber Futures In S'pore
Singapore, Feb. Prices of rubber. futures closed today as followers 'Number 1 rubber, per lb.
February Marth April
in the 1951 beet sugar produc- fain and protect the welfare of tion and indicated that he felt the domestic sugar industry. Let it nise caused a tamall but signi- me assure you that the Depart- ficant shrinkage in the Louisiang
mont
Agriculture will con Number 2 rubber, Febru agent talent tinue lle policy of administering Number rukher. Wehtuar your go
of
¡cino:réros atraktivne the Sugar Act· In-a' mdilnor, tha | Number 4 rubber, FebILINT
Aned magar was $8.25 per 100 will be fair to both the consumer Spot rucher, unbated,
Mack, cryp pounds and the price of raw and the produser"- United - Naphi.rep offgar ranged from 36.00 to $6.25 Press.
One major difficulty with which the ECA. team has hau to contend has been the unsettled state of the Burmese countryolde, which has prevented agricultural experts and engineers from working in the interior.
STILL NEBULOUS -
ment is suspicious of foreigners and will not readily give them permission' to go very close to the Chinese border.
New Sulphur
Project
"PALIŠÁLENGKA“
"TAIMAN" **TWODAY" "TJILUWAU"
"TJÍSADANE
TRUSIAN "BOISSAIN" "TJIWANOT
"ТУПРАНАВ "TJPONHOE"
BÄLLINGB.
Fou, lith Feb. 11th
Feb. 13th
feh, 10th Feb. 19th
Mar
Int
Star,
Mar.
- Mar,
ofl
"TJIBADANE“ ·
“THLUWAR*
"BDISSEVAIN"
Mar. 21st
Mar. 25th "TINKAKTEK”
#TJIWANG1"
Apr. 2nd
"VAN ́KEUTBZ” Apr. "TJILUWAD”
"EJIRODAS"
MAY.
BLA
Mar. 16th
Apr. 10th
Mexico City, Feb. 6. Mexico plans to double her yearly production of 40,000 fons of scarce sulphat within the next two years.
The Clorerhurent Industry said new sulphur
plants in Mexican NOUVEL will account fo
for this încredse. Nently all of Mexico's ralphur la ex- she has no ported
since. ralphuric acid idustry of ber
600 own. Recently tor was sent to Canada in return for a promise fo increase newsprint, ship- ment-Associated Press.
Indonesians To Accept
Tin Offer
Washington, Feb. 0. Indonesian officials indicated today that their government has re-slimed oak to accepting price of $1.18 a pound for pig iin delivered in Djakarta.
"TABALAN** *TJIWANGr
"STRAAT
SIAKASSAR" “TJILUWAR"
Apr. 17th
Apr. 25th May tud Stay. 4th
May 18th
Singapore) stuurlijus," Daridi-BRISM, "Zanzijní, X., Xirica & H. Amsilca Japan Parts"
jakarta, Bomarang, Burabila
MacLar
Bingapure, '1/jakarta, ;" Ea,narang.
Buratta di Macassar
Japan
gapore, Penang & Natawan. Deli Japan
Singapore
jakarta,
kurahšia da Macusine
Afadila, delete,
[sjakarla,
Ju
Burahala & Macassar
Många porr, Atauritius,
B. America
Bemarank
B. Africa Bemarang,
Aries #
Kingapors, Djakarta. SUMBATZUE,
Burabola & Miscaklar Manila, Singapore, Mauritius, E. & 8;
Afties & A. America. njakarta, Titrebon. ·Semarang,
Surabala di Macasear
Singapore,
Djakarta,
Sémoring,
"Burabola & Macassar Singaporey-Parang & Unlawan” Bell'
bingapore,
Kúrabala & Macassar
Djakarta, Tjirebon,
BEKEND.
Remarang,
Hurabala & Macassar Singapore, Penang & Bolawan Dell singapore, Djafactu, Semarang,
Búranpla 4" Macassar Manila, Singapore, hauritius, p. 48,
Africa & S. America Singapore. Djakarta. Semarang,
surabaía 44"Macassar
From
ARRIVALS
#TSITJALENGKA” rch. Tib
Feb 10th
“TASMAN "TJELUWA
"THSADANE"
Feb. 10th
Feb. 12th
"VAN BEUTĒZ” F&D. 27th
"STRAAT BUENDA” FOY, 2018
Japan
Pekang, Belawan Deli & Singapôte DIACASSAT, surabata, BERIKU
žjakarta & Singapore
-6. Ametita, E. & S. Afrien Bingapore &
Penang, Belawan Deli & Singapore 5. Americs, B. Affies, . Bingavotu.
Manila
General Agents,
HOLLAND EAST ASIA LINE
Д
SAILINGS TO EUROPE
"OVERIJBEL"
Tel.
"HOOOKERK"
Mar.
"ABENDSXKAK"
Apr.
"KIELURECHT"
May
This was disclosed by Lources Man- close to Mr Darmawan gumukusumo, Indonesian Dirac- lor'ul Foreign Trade, who is here to head the tin negotiating The mission for his country. Indonesians will meet with re- presentatives of the Reconstruc- tion Finance Corporation, the sole American tin buyer, within the next few days.
Indonesian sources do not see how their country could possibly get a higher tin rate than that
Britain granted to
after Mr Winston Churchill's recent visit to the United States.
was
The amount" of- -tin under consideration in the Indonesian- 0028-0/16 American negotiations is some-
what higher than 20,000 tons.
Indonesian sources originally said their negotiators would make their opening bid at $1.25
ound, which per, pound,
the asking price upon which negotiations broke down in Djakarta last December. However, after a ong themselves to- conference Among day, it is understood that the Indonesians agreed that they eventually would have to come down to the Anglo-American price.
Before doing that, however, the Indonesians will complain that the United States is not giving them equivalent consideration which the British have received -the American agreement to sell 1,000,000 tons of much needed istcel
1010
4025
1.00
.1155
0500
4723
2005
+
.2003
-United Press.
to Britain. What the Indonesians
want, according to 380 yen 10 US$1 Informed sources, an Ameri- can promise that they will get more capital goods, such as development machinery, under Commerce Department licence. “American officials said this could
not be done,--United Presa,
Buying Wave On Tokyo Exchange
TALKS BEGIN
of
BAILINGS FROM EUROPE
"NČOGKERN"
"ARENUSKENK"
"KIALUCHT "AAGTEKERK" "OVERU EL"
KINGS BUITD
7th
falla Rotterdam
Salled Jan, 3rd Sailed J. Das Atar,
Arrives Hongkong Feb.
har.
6th
Apt.
Apr. 10th May
6th
May 2nd
June
7421
تائر
PATTISON ORIENT LINE
LIMITED
S.S. "LAURE PATTISON”
Due From:
Kobe Feb.
10th, 1952
12-14 Queen's Road, Central:
Sails For:
DIRECT Pusan & Japan Feb. 15th. 1952.
CHINESE AGENTS::
Tel. 25346.
OVERSEAS CHINESE STEAMSHIP CO.
48, Bonham Strand, West, 1st Floor.
Tels. 26127, 31118 & 31119,-
Threshold
Of A
AMERICAN
STOCKPILE
Golden Age PURCHASES..
Toronto, Feb. 8.
Washington, Feb. 8. American Munitions
sxx
Canadie stands on the thres- The hold of a golden age, and cart Board, in a half-yearly survey produce enough food for 100, of stockpile purchases,, today re- 000,000, instead of her 14,000,000 ported that In the last
to population, according Mr months of 1951, $357 million. George Drew, Progresalve Con- worth of strategic materials and sorvative. leader.
metals had been bought for the American stockpile.
Washington, Feb. 6. Negotiations . for renewal of U.S. tin purchases from In- donesia began here today when the team of Indonesian negotia- tors, headed by Mr Darmawan
Mangumukusumo, Director Tokyo, Feb. 6. A wave of buying has hit the Foreign Trade, moet officials of And where, as in the case of
the
Bola which is the RE.C the frontier areas, the country is Tokyo securities market. which relatively peaceful and EC.A. brokers cáll a
"rearmament | Furchaser of tin imports,
officials said the talks health and sanitation experts boom" despite Premier Yoshida's
were largely exploratory and might have been expected to denials of rearmament plans
On Feb. 4, a total of 12,840,000 may go on a couple of weeks have made a satisfactory start,
changed
hands on the or 50, the Burmese Defence Depart shares
Tokyo exchange to set a post to make publle any of the sub- They said it is still too early waz record.
stance of the talks, but in Exchange brokers today sedicated that reports would to
dally gross made from time to time on pro- Canada could only fuliti ported an average
Be warned, however; "thát This was a reduction from the The Guardian concludes: "It is commission since the new year grees of the negotiations.fromite of her future if she months of 1051, when such
the stockpile buying in the first mix thus in a dilemma that Burma of 30,000,000 yen.
United Press, has turned towards the Common- |
The favourites In the buying
made the best use of her natural chases amounted to $162 million, splurge aro former munitions
especially dron-ore. "Britain has nothing like the shares like steel, machinery and
rescurces,
The survey, which was sub for industriel development at mitted to Congress, said that the resources that the United States other heavy industries followed
home, Instead of sending the raw | needs of American industry for enjoys, but the has had a longer by coat and petroleum,
real
material to the United States. stratagle materials and metals estate and casualty insurance..
In contrast to previous years, according to sources in the Ex- buying it change, most of the being done in big lots and many wholesale houses, confronted with a slump in their business, are Investing their copital in shares.--United Press.
|
th
Japs Reject
Request By Britain
»
Nagoya, Feb. 6. Japanese pattery makers to day turned down British manufacturers" "request for conference to discus
owner ship rights of designs,
2
Pepper Market Firmness
New York, Feb. 0.
Effects Of
Devaluation On Trade
Tokyo, Feb, 0: The doveluation of the In- donesian rupiah will help to ad- just the existing ill-balanced frade between Japan, and In- donesia; according to Govern ment sources here today.
The Indonesiani niction WI make it much harder, ids Japa 1 to export goods, particularly cotton textiles, to Indonesia, but
will considerably caso Japan's
注意
The Domlulon was also ex for the military requirements of the Korean war, as well as other torting valuablo manpower to the United States. Five
defence
requirements and erren-
Cana-
dlans had left the country in the tial, civilian
production, prom
last 10 years for every six im-grammes, brought about the to- duced buying in the last six migrants who had that with months of 1951.
entered.
Mr Drew considered that
RİX
It said that in the last a well-planned immigration and
amantha of 1951, President. housing policy, and development Truman authorised the release
of the country's resources. Canada could support a popula- and sale of $40 million worth tion of 100,000,000 "at a high aluminium, copper and lead
from the steekpile. average income, in happiness,
.. withdrawal Included. comfort and security."-Londen 55,000 tons of copper, 10,000 Express Servico.
tons of aluminium und 30,000 tons of lead.
NY
The
President Truman also tasued
IY Stock Market ender divertend Government
New York, Feb. 6.
| material, which, would - have
at the gone to the stockpl'e but which
over $120 million.
A arm situation continued it The British wanted to meet the black pepper market, Ad- the Japanese at
Dow Jones averages Vancouver, alilonal factors offering support imports from that country end of the rock matkat session was not purchased, valuet halfway between both countries. Included The Brimness of the
Government sources said. But the Japs said "No," be primary markels plus reports of the step was taten to boost ex- ax. cause they cannot spare money European demand and Indien ports and that this will mean for the trip they have not long et email January ship that more good
goods will be flowing is uities enough qualified men to repre ments from India to the United into hard currency nations. pont them; and because it is
On
hand States, and act
exports. more to do with exporters than
oothe other producers.
g. $1.12 a pound after fair-alred to
1 cup monteriat firmly hold of indon tuldây cơtion.c
will face more Premier Yoshida announces $1.12 that Japan's pottery trade in- Pulihers', in ufonts goods; was difficulties because "PRAESE,JWO← |
lers ducis will have to
with
dona
stond op follows:-
industrials 30. ma
so bonds
Alots
238.77
85.04
This material, the Board sald, included 103,500 tons of
40.12
106.04
United Press.
1.778 pounds of tungsten. Router
copper, 45,000 tons of alumi niti
6,000 ions of leat 2,200,000 pounds of nickel and
*Copra Quotation
Trade Pact Signed
Dublin, Feb. 6.
2014 Kreased by 88 per cent fast year. i . at $1.dt. Local rerelle Britkih Gold [ Portugal and Eire signed f
Indicated-February
As of Jan. 20.
new tendo pace here: -todayizbe. New York, Pati, 0.
nt: 91.35. Muroli 31.30. APNI SIKA per cent of the Tavotirable balance with agreeing to exchange oil reason Copra was quoted today at national Income Is earmarked for defence, e
Whre muntok was quoted at indonesia stalling. $14,000,000--| ante facilities for the import and $150, asked, per pound. Corag= nominally, si #2.14 and Sarawak the highest Japan ham with en export of the comparatively few nut oll" was quoted, ne 10-1 cents in America.
white at $2.10 a pound United open account don.-Vranes | still restricted 4, commodliles.- cents per pound," nicer, e News Burvice,
Prosse.
Router.
United Fres
This compares With 76 por
Expro