THE CHINA MAIL, WEDNESDAY, MARCH 19, 1952.
AN UNEMPLOYMENT BOGEY MESSAGERIES MARITIMES
ROYAL INTEROCEAN
"HOMSEVAIN"!
STJKÁMVER"
"TRAAT
**TJIWANGI"
-VAN CUTNZ"
MAXABBAR"
RAILINGS..
Mardia,
LINES
Singapore, Mauritium, 1. Africa & B. Anterica
Tilrebon, xutshals & Macassar
Bijakarta,
Surabaja lapastar
Kingapore out Africa
31ar. Biti Mar. 241h
Djakarta,
Apr. 2nd
Jopan
2 Apr.
App.
Apr. 2nd
5th
Kuigabert,
Ja51
bin
Apr. Joth
Apr 1GUI
Apr. 25th Ape, th
35 2nd
*TALMAN"
"STRAAT BURNHA" Apr.
"TJIHODAS”
TELWA!”
**TEGELBERG" "TAEMAN". "TJIWANGI"
TJIPONTOK"
"STRAAT
SLAKASNATE" TILLWA"
TAIKAMS' FL"*
"RLYS" "TJIWANGI"
TEGELBURG"
"TJKODAS"
*THLUWAI
May Mil
Ivy
May 16th.
May 27th
912
June 2nd
June 200-
June
*URTITWƏR
Aemarang.
Maria, Singaporo, & A. Attica
Stabala & MREAMST
Djakarta,
Tchon,.
Belaurans,
Singapore,
Diskarts.
Hemarang,
Surabala & Mincassar
Japan
Singapore. Penang Belawan Datt
Singapore,
Djakarta, Sumarang,
Surabala & Dinersing Djakaria,
Semarang,
surabala & Macassar Atanija, Singapore, Mauriíjmu, S. Africa
. America
Singapore, Jakarta. Hemaradt.
buirabska & Macasar Bjakarta, Tylrebun, Semarang,
Surabala & Macascar.
Зарап
Sinzapare,
tijakarta,
Surabala & Macassar
Manila, Singapore,
Homarane.
S. Africa N. America
Djakarta, Firebon, Semarang,
Surabalz & Mocaniar
Singapore, Jakarta,
Surabata & Macassar
Inge 13th
4
TJIWANGI". "THPANĀS”
June 18th
July 2nd
July
સામ
Manifu
E.
A
SOMTANK
Singapure. Djakarta. Samarang,
Sirabiin & Mäenssar
l'enang. Hingapore. 4. Africa
From
America, E. & S.
STRAAT
MARASSAIPS
ARRIVALS
Mar. 2:41
"TUWANGI"
TASMAN *TÍHLUWAR"
Mar. 20th
pr. 7th
Apr. 13th
H.
出
Attica,
Mauritius, Singapore & Manita.
MAKANKAP, Nurabala, Heinaran
Djakarta di Singapore Penang, Belawan Well, Palembang,
Jakarta & Singapore Alacassar.
Surabula, Djakarta & Kingapore,
General Agents,
HOLLAND EAST ASIA LINE
Japan Buyer Of Wool
Paris, Mar. 18. TH
Australian Radio today. quoted Kesso Telonka, who is at present purchasing wool In Austra-
on behalf of the Japan- ese company which suc- ceeded the Milteni trust, as saying that Japan would this year purchase 80130 550.000 bales of wool.
Mr Todonto said that Japan; last year bought In- 00,000 bater, Japan tended to buy 600,000 bales during the coming season. -France-Presse,
CHAMBER'S
STAND ON
SALES TAX
Manila, Mar. 18.
BEGINNING
ΤΟ
HAUNT BRITAIN
London, Mar, 18:
Highly-skilled workers are walking the streets of Britain in search of jobs though the nation's economy is geared to rearmament and defenco fuctories are short of men.
For the first time in 12 years, unemployment has reached a level where Government and trades unions are seriously worried.
At the moment it mainly affects textiles, furniture, tailoring, engineering and the motor car industry.
to
↓
By Unemployment statistics mir unemployed was 190,000.
had risen to ror lack of raw materiala, diver- September it sion of
scarce steel supplies to 217,000, by October to 203,000,
public rearmament, and
reby November to 290,000, by 302,000 and fusal to buy non-essential goods December at high prices. At the same by January to 378,000. Of the time many arms plants are un-Jarwary total, 117,000 had then been without work for more dermanned.
than, eight weeks, half of them women.
This paradoxical situation, In the midst of a society theoreti- cally bared on full employment
The Sociallat labour expert, Mr Alfred Robens, Labour last Labour Minister in the
The American Chamber of and working hard on arms com- Commerce of the Philippines toitments, is part of Britain's Government, warns that a mil- Semarang, day informed Congress that it critical unbalance of manpower. lon people may be out of jobs
end
The of 1952. was not opposed to continuance à man without a job in Lon-by the
don is no use to an undermanned | Government is more optimistic. of the 17 per cent sales tax on
it exemption aircraft factory in Birmingham-Reuter foreign exchange is made for remittances of capi-unless he agrees to go and ilve
SAILINGS TO EUROPE
"ARENDSKERK”
"KIELDRECIFT"
«Apr. May
Gib
"AANTEKERK"
Juno
7th
"BLATAR"
July
711
Salle
SAILING FROM EUROPE.
Itotterdam
Artiyas Hongkong
"KIELDRECHT"
Halled Mar.
5th
Apr.
10th
"AAGTEKERE"
Apr.
3th
May
10th
"BLITAB"
May
2nd
June
7th
"ROOCKERX"
May
2811
June 2nd
July AUR.
4th
"ARENDSKERK"
BUILDING
TELEPHONES) 28015 TO 28012
UGHT, ROAD, (ALLSTRUNNERY
Singapore Being Bypassed In Rubber Shipments
Singapore, Mar, 18.
Indonesia is bypassing Singapore in offering processed natural rubber to the markets of the world.
slab or The flow of unprocessed rubber unsmoked which keeps alive the remilling in- dustry in Singapore, is gradually drying up and threatening the industry with extinction.
than
Five of 11 major rubber miling factories have already closed. throwing therands out of jobs. The remaining six fac- tories, employing more 2,000, tre reported to be freed with a shortage of supplies,
Rubbermen here
the Say Indonesians have been tying to set up rubber smoking plants of their own to process unfinished rubber which is now exported 10 Singapore.
By an irony Singapore has been helping in this endeavour to became independent of itself. Thousands of rubber milling mochines have been shipped to Indonesia during the past year to equip new plants,
In
duties imposed by the Indonesian authorities ar other factors con-
the derlius tributing to imports.
Oletal figures show that rub- her impuris during January and February this year were 34.631 and 31,150 tons, respectively. The totals for the same months a year ngo were 61,944 and 50,402 tons. U.S. CONTROLS Malayan rubber traders, hop- of free int for a resumption trade in rubber with the United States, are discouraged by news of further U.S, contrul of the commodity.
Lewis and Peet, sharebrokers,
tal and profits..
there.
Faced with generi
a rising cost of Mr J. A. Farrish,
Stmulard. Vacuum living the index of pelees was manager of
his calculated as 100 in 1047; it was 132 in January), Brilons are postponing purchases they think they can do without.
શ
on. here. Di Company
before appear earing a second House committee
a pro poshi to extend the foreign ex-
New furniture and clothes are change tax, said the Chamber of
to be jettisonod in believes thal
the first Commerce.
budgets. Government should continue the attempt to trim
113 The tailoring trade this has relates to re- tax in so far as
to situation
which has mittances for purchases abroad
led
↑
of all articles except necessities made this industry recall pre- war times, when thousands of He added that exemptions should be made for remittances garment workers were out of which are for the purpose of jobs for years. sending, cut proms or return
Kapkal ta
home country. its
LONDON WORST_HIT
Two-Sided
Market
In
NY Cotton
New York, Mar. 18. The cotton market became a two-sided affair after a strong It opened firm. start today. dropped back in mid-session and then see-sawed toward the close with new crop months showing relative slendiness. Nearby This would presumably also At the end of January, the
May
today touched 41.10 cents apply to remittances by Ameri-Tailors and Garment Workers'
new high sinec CRISS of salaries
they receive Union found in a survey that per pound.
Feb. 8. while
stationed here, as the 27,000 of its members, men and
A few local technicians began Chamber had previously asked women, were idle. The number for exemption of this item. Arows each week. It was 40,000
The tax was adopted last year in 1039. and is due 10 expire
a
}
The Zaibatsu Back Again
Tokyo, Mar. 18. One of Japan's ` bingeai
enter wartine tradiog prises. the Mitabladi Trading Company, which was broken
the up by Occupation, caran together again today under other name.
S.XI
The new company, under the, name of the Fuji Trading Company, is com- posed of four companies into which the Mitsubishi Trading Company was dis-
solved.
A Japanese Government spokesman tald Reuter:
This
ro- amalgamation, though origlually barred CTATI by the Occupation, now be allowed in certain Casts
by the approved Finance Ministry."--Reu- ter.
HONGKONG
SHARE MARKET
(From Our Correspondent) lo wonder whether the rise is Business done on the Stock too rapid and too sudden and Exchange this morning amount- seme of them have, decided to ed to 9551,917.50. Noon quota- The bombshell fell on the
take profits. This coterie exons and the morning's trans- December. Presiden Elpidio
between k workshops Lallors
pected a further rise to around (actions:- Quirino has asked Congress to September and October last
the 41.50-cent level to attract
BANKS
HK Bank
་་
19 1445 |
the heaviest offerings in the SUARES BUYERS SELLERS SALES South.
Ring observers said outside East Aria 193 speculative talent draw away as prices pushed INSURANCES ahead for the third session in a
seemed to
Canton Union HX Fire
extend the tax for two more
year, when 19,000 workers were the revenues saying усата, dived are necessary to balanc- told there were no more suits
for them to sew. ing the Governmen.'s budget..
The recession has continued in The sales tax brought in about
of a determined price 84,000,000 peaos in Its first spite
but Americans slash by the big mass-producing given meri.h3
factories. Even with
Most of the demand, these TOW. a medium quality and cher foreigners have com garment plained that it is in effect on the cost of
professional operators and New dional tax on them, isso man's suit cut from £10 to £7, servers said, came from local
the shops are empty, Christmas Orleans interests.
The market opened up 8 to off sales, when prices foll still more, reported the worst
Beason for 4
and closed off 13 to up 14
closed as points. Prices
fol-LAND. ETC. years.
In London's Whitechapel, the lowe riverside East End and home 'of Spot thousands of small-time Jewish May July Journeymen tailors, the crisis October
airo December has hit hardest. It
clated Press,
Foreign Exchanges In NY
has
struck in Leeds and Mancheater March (1953) in the north.
105
DOCKS, ETC.
K. Wharf.
104 100 100 N. P. Whart Dock...... 10 17.10 1500 v 17
HK Horet XD 7,90
62000
7.00
1080 4 8
4000
ᄇ
1000 @ 1.03
1000
42.10 nominal
40.00
40.00
37,08
30.83-30.85
May
36.54
New York. Mar. 14.
US$1.00%
are working short-time,
In nearby Shoreditch scores ef furniture-making
July
38.09 nominal! United Press.
factories
some
NEW ORLEANS MARKET Spot only two or three days a week. May July Many have sacked men with
41.16 42.00
30.00-39.92 ·
October
December
Magel (1963) Mey
30.64 bid
Peak Tram
98.44 bld
July
Canada England-melal
+
unoficial
30-clay futures Bo-day futures
AUTEN New Zealand
South Africa
Belgium
France
2.39 bid/
2.35 arked years of experience.- 2.791 2,7015 2.241 2.80
,0028-9/10
2.08-3/18
Denmark
010015 .1455
West Germany
4.20
Holland Norway
2038
.1405
Portugal
TO
0205
Sweden
DRAS
1301
2.8012
03123. 2.01
-6375
.0725
.0500
0125
Iran
Spain in their weekly market report, Switzerland say the House of Representatives MIDDLE EAST
med Services Armed
Committee's Egypt Rubber, imported for remilling which comes Singapore,
of a bill to extend U.S. approve! In
Indonesian Government control of the mainly ficin
rubber lean
Turkey "strikes a blow, archipelago, has been falling us
a very solid
LATIN AMERICA much as 40 per cent during one, for Communiam and un-
Argentina rest in Southeast Acle."
Firozil recent months.
Ballvina here Rubbermen
Clic Colami general fall in price
say
the
The statement adds that al- high though. pelvate trading in rub. and
ber is to be resumed, natural Cuba rubber will not now be allowed Mexico to compete with synthetic-A3- Feru secinted Press.
First Indian
Dye Factory
In Operation
Bombay, Mar. 18.
Nchris Premier Jawaharlal opencil India's first large-scale
STEEL.AHORTAGE
Shortage of steel-Heltaln. Is the United Importing it from
States has led to short-tima work in Midlands engineering plants, though some are carry-
out ing
Defence Ministry orders.
Short-time has struck hard- In the motor industry est at
and Oxford steel diverted
36.09 bid United Press.
LONDON TIN
MARKET
Birmingham,
London, Mar, 18.
Coventry, with
. The tin market was steadier Tumover was 40 The Lantana, all for forward poskions, cashire cotton mills, now com-Pricce closed at the end of the
morning Russion peting against renewed Japan-official ese experts, have laid off thou- follows:-
Many mills pot tin, buyers sands of women,
Spot. Lin, sellers are working only, three days a business done at week,
10 tank production. Shipbuilding this morning. has also beer hit,
K Land XD S'hai Land Realty
UTILITIES
Tram XD
-(0) .......
40
1.60
21 2.00
7.90
3000 4 7.6
450047.03
10037.95 2000 2 8
13 15.25 4000
13
200 # 15.10
0800 6 15
24
Star Ferry XD 10136
C. Light (0) 8.50 1.50 3000 4 R1,
·00 B12 200 8,00 C. Light (N) 5.40 5.43 Flectrio XD 20.10 2015 1700 4. 2014 Telephone 154 16 3500 18 INDUSTRUALS
Cement XD
Rope XD STORES, ETC
Dairy
Watson
18
XD
23
L. Crawford
3512
COTTONS
Evo ........ MISCELLANEOUS
3.40
Yangisze... 4.95 5.00 15000 ú
D
M&M
Arriving Iraving
flstward For
"LA MARSEILLAISE”, Mar. 31-
"MAPLE HILL”.
Apr.
„Fokohama' & Kabe
Hameward For
**ZELIDJA"
APT.
Apr
5
N, Africa & Europe
"LA MARSEILLAISE” Apr. 31 "DEAUVAIS"
1 May
Apr. May
12 Marseilles via Manila
N. Africa & Kürops
† freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Alglers, Oran, Tangier, Casablanca, Havre," Dunkirk, Antwerp & Rotterdam,
Bubject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor) Tel. 26651 (8 lines).
MAERSK LINE
·FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VIR SAN FRANCISCO, LOS ANGELES AND PANAMA, NEXT SAILINGS
*M.S. "PETER MAERSK"
M.S. "NICOLINE MAERSK" M.S. "SALLY MAERSK"
**
Calling Vancouver.
ARRIVALS FROM U.S.A.
M.S. "SALLY MAERSK"
M.S. "OLUF MAERSK”
M.S. "LEXA MAERSK”.
2* Apr. Apr. 16 May 2
Mar. 25
Mar. 30
Apr. 17
For Freight and Further Particulars please upply to:-
-AGENTS:-
JEBSEN &
Pedder Building,
CO.
Tel: Nos, 26066-9.
BEND LINE
FAST "SERVICE TO UNITED KINGDOM AND CONTINENT
BY
S.S. "BENAVON"
Loading Hongkong 23rd March
DIRECT FOR SINGAPORE
THENCE
LIVERPOOL, GLASGOW, DUBLIN,
AND HULL.
ALSO ACCEPTS CARGO FOR PORT SUDAN.
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
PRESS
Tel. 34165 & 38710.
PETER MOK
Exchange Rates PHOTOGRAPHS HIM YICK HONG,
FS
077
017-977-
Three-months tin,
buyers Three-months tin.
Hers
GT7
07716 077-078 *7**
exchange
US dollar (per 812
Business was done in the forn Limonial
market morning at the following rates;
inda
0.78
Coples
of photographs
Bierling note (per £1)
15.03
*********United Press.
Indonesia gulidera (per 100)
Bam tea (per 100)
30.00 -1.75
taken by the South China
Generally, the urma factories zhort of men in these, ETC the cool
railway Busines done at fu mines, the workshops and agriculture Settlement nearly 230,000 more could be absorbed at fat pay
Uruguay Venezuela FAR EAST
India
21207
2050
.1750
rates
J201
'SINGAPORE · MARKET Prices of rubber futures closed | Pakistan today as follows:-
Number 1 rubber, per 15.
April
May Juno
110-113:4 10B22-10014
Number 2 rubber,
April Number
April
10712-103
rubber.
rubber,
Number
April Blankel crepe
Nu, 1 pale crepe
fongkong
Indencela Singapore Јарал
360 yen to US$1
United Prez
10194-103 New York Sugar
101
-102 412-11215
dyes and pharmaceuticals fac-spal rubber, undated tory-a joint Indo-American venture at Ferneri, 120 inlles from Bombay, today."
The sponsors
are the
Atul Produtts, foreign partner of the American Cynamide Company, one of the leading chemical eonecros in the United States.
10 -78 130 -137 United Press, NEW YORK MARKET
New York, Mar, 18, Rubber futures closed - today
unchanged to 55 points to 70
points higher, with sales totall- The factory production capa-ing 42 contracts, eity is 4,000,000 pounds of dyes September and 100,000 pounds of sulpha October
I also hopes November
drugs per year.
та
December
to produce the wonder drus January (1952) aurcomycin, with the holp
the Enderle laboratories,
of
February
March
May
An estimated 60,000 villagers April turned out to listen to Mr. Juno Nehru appealing for greater production.
Flo
anounced that India's
five-year plan will be ready in
a month or two,
59.20 n.
14.00 h.
47.30
93.05 1.
3.70
Futures
New York, Mar. 18. World sugar tulurea closed 10- day 4. lower to 1 higher with sales totalling 184 contracts.
to # Contract No. 6 closed higher with sales totalling 274 contracts.
Contract No. 1 (warld)
May July September
November Spoi
0210 1.
May Joly September
November
30.25 TI.
Spot
Press,
34-341
LONDON MARKET
London, Mar. 18, Prices
rubber futures Gl Earlier, Mr S. C. Moody, vide cirred today as follows:- president of the American Number 1 rubber,
in pance per, th. stated Cynamide
Company
Apill there was much hope for May further expansion of the tac June
and he complimented In Aprilluns
July/September dinchamisis trained in the detobe
United States United Presă,
Rory
ちゃりん
311-31
workers
programme New .In
The rearmament could eventually take over all the Idle tallors, furniture makers, mill girls and others now without work. The Scot- tish and South Wales plts would welcome men from any quar- ter: the National Coal hay even hired 1,000 miners to make up the power lag.
Bingapore (Straito)
FIC plastros (per 103)
19.10 Morning Post, South Chins
Currency NY Stock Exchange Sunday Post-Herald,
Burma
au-
Rangoon, Mar, 18. The Burma Currency Board Board in London, which la responsible Italian for the printing of Burmese man-notes and minting coins against 100 per cent Sterling back- Inz, is to be dissolved and its PRICE RECESSION
functions shortly, taken over by evenly the Union Bank of Burma, To spread manpower
The Act of Parliament throughout the country would thorising this step vests the mean moving people from ona Union Bank with the full powers area to another, and there is no of a central bank, provides for legal compulsion. They 128 bid
only be pariunded; and, local the decimalisation of the Bur- 40 nominal Labour Ministry oflctals, with mose rupee and empowers the Contract No.
whom the unemployed must re- gistor, do their best to get them to, uprost home and switch to rearmament Jobs Lucrative
rupes and the Pound Sterling elsewhere...
But men settled wilti families will be maintained at, the rate of dialike moving to strange cities, 1/Cd-Router,
hore they might have to live whore
4.05.
Bez bia
BAY
**Un)tad - Prena,
܂
Cob
Union Banic to issue a new cur-
New York, Mar. 19. Dow Jones averages at the end of the Stock Market sexion stood
follows
30 industrials
20 rails '16 utilities
40 bonds
264.18
90.17.1
50,08
181.71
United PreRS.......
DEECT
and
Chino Mall Staff Photo graphers are on view In the Morning Post Building.
ORDERS.. BOOKED
MAGAO MANUFACTURERS' REPRESENTATIVE Agent for
AUSTIN CARS
M.V. LEE HONG
China Mail Distributor
13 RUA V.P. ARCOS,
TEL. 565 Cables: Peter. Macao Agencies invited
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Fast Regular Trans-Pacific' Service
OVERLAND
rency against 25 per cent legal SAN FRANCISCO, LOS ANGELES
reservar.
The link between the Burma
NEW YORK CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN
ETriks
Guam, Marinaa Islands, Micronealan Islands — Regulár. Bervice direct or with transhipment.
VERBO]
•WIND®
LIAM LUCKENBACH“.
Fronch Loan Request
Washington, Mar 18 for a time, in overcrowded JAPANESE BONDS WILLIAM LUORENÝACH" United States officials said to nen
Pytel London, Mar, 18. today that the Export-Import roughly followed the price re
unemployment crisis har
[11/ Bank may make a decision this
DEVA week on the Franch gover comion caused by rising prices | ment request for a $50,000,000 | ani (4 the, otdiversions of raw Loon to buy raw cotton" bers, materials to rearmament. It' has present coal of obtion happened mainly since last $200 per bale United Press. September. In June the total.
The
Japanese bondss
to A (in, of 1899) "
TEM (48, OF 10101
(8 of 1907)
118
120
Console 564 United Press
D (5 of 1934)
(620 of 1984).
'From
APSİYOL
San Francisco Mar
San Francisco
Apr.
salig
Mar. 231
Mar 240
Apr
wetti
Gap Trenpison · Me Los Angeles
San Francisco de Los Angeles,
For fall partienlare? cali · Exiled States Lines Ca.. Gèneral Agents, Queen's Quilling, Tel 28100,