1
THE CHINA MAIL, MONDAY, MARCH 31, 1952.
MESSAGERIES MARITIMES THE TEXTILE
Y
SITUATION
M & M Looks Like The Beginning Of A Slump
Arriving Leaving
Bulward For
1nt Part Apr. 5 Yokohama & Kobe
"LA MARSEILLAISE"
..... Apr.
MAPLE KILL"
"JEAN DUTVIS"
"ZELIDJA"
"BEAUVAIS"
"LA MAKSEH:LAISE"
In ot
Homeward For
Mar. 11 Haiptione - Saigon
4 Apr.
Ape N. Africa & Europe Apr. 1 Apr. 12 Marssilles via Maulla May 1 Jay
2 N, Africa & Kurope
† freight for Saigon, Alexandria, Tunis, Genou, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, 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).
m.v. "LA MARSEILLAISE"
will sail for
YOKOHAMA & KOBE.
on
Tuesday the 1st of April at 8 p.m.
Passengers are requested to board the vessel with their cabin baggage on the 1st of April, between 4 p.m. and 7 p.m. Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on the 1st of April between 9 a.m, and Noon only.
J
No Baggage will be registered after this time,
COMPAGNIE _DES' MESSAGERIES MARITIMES
Queen's Building.
NOTICE
. Tel:
26651.
THE HONGKONG & YAUMATI FERRY
CO., LTD.
FERRY SERVICE TO OUTLYING DISTRICTS (in force on and after the 1st April, 1952.)
CHEUNG CHAU FERRY SERVICE
Leaving Hongkong for
Cheung Obau
0.20 a.m.-(Direct)
- 1.55
9.10
10.00
11.00
11.30
H
-(Direct)
Via Ping Chou &
Leaving Cheung Chau for Hongkong 7.00 am-(Vin
Japanese Trade With Formosa
Taipei, Mar, 30. Discussions between Air
Helhachiro
Olake, executive
*
man- aging
the of Sino-Japanese Trade Asso- Nationalist and clation. organs on setting up Bino-Japanese Trade Com- mittee, aimed at promoting. private trade between the two countries, are nearing a successful conclusion,
that the sald Reports Committee, expected to be Inaugurated after the rail. fleatlon of the Sino-Japan- would ese peace treaty, have headquarters at Tat- pel and Tokyo, with each having 20 members repre- Renting their respective countries--Reuter.
London Stock Exchange
PRICES HIT BY NEW POLICY
Gloomy Picture All Producing
Painted Countries
¡FROM OUR OWN CORRESPONDENT!
Royal InteroCE/
"TJIWANGI"
CEAN
BAILINGS.
singapore.
LINES
Djakarta,
Brabala & AIRCARE
Hemarang.
Singapore. jakarta & Belawan noll Manila, Hingapore, & H. Aflica
Tjirebon,
Apr. Ind
"STRAAT,
Apr. Att
MAKASBAN"
Авраа
"YAN REUTNZ"
Apr.
Al
Singapore & Bam Africa
In
"EASTWAY"
Apr..
"STRAAT BOENDA" Apr,
Hel
"TASMAN"
Apr. 1
Japan
"THIBODAS"
Apr. 13th.
jakarta,
"THLUWAI”
Apr. 16th
Apr. 2841 MAY Zad
May 84h
May
London, Mar. 30. The situation in the textile industry looks less like a temporary recession and more like the beginning of a slump for every day that
passes.
It might be easier to agree with the leaders of the industry in their contention that this is a trade recession and not a slump if the dif- ficulties facing Lancashire were not shared by cotton industries all over the world. But, unfortunately, they are.
Reports from all quarters of the world tell the same story. n decision has already been taken to cut back cotton production by announcement that Britain will issue no further licences for the Japanese grey, cloth precipitated a sharp fall in the price of cotton Osaka market.
r
The price fell cquivalent of about
7
shuy from 544
What faces the cotton Indus- only a bry. therefore, is not
to 424 a 19-third of its post- decline in trade but also loss of Korean peak level before ja large proportion dealing was suspended for the labour force. day.
The belief is growing, more- F:cm this garter, too, come over, that the present recession reports that the domestic spin--which is generally attributed
accumulation ning industry may have to rato the
of large duce its outpu still further, stocks in all the principal Im- The curtailmen: of
reflect 40 peporting countries-may Cent i: is feared: may something more than just a prove an inadequate adjustment temporary readjustment on the to the falling off of domestic part of buyers. and overseas demand,
This
A PARADOX
In Japan, where 10 per cent, the importation of in the yarn
HONGKONG SHARE MARKET
(From Our Correspondent)
"TABMAN" "THWANGI"
"TIPONDOK"
"KTHAAT
MAKARBAR" "TEGELUERQ" "TJILUWAN"
“TIKAMPEK"
"BUY"
"TJIWANG!"
«TEGELBENG"
"TJ{RŪDAS"
"TJI.UWA"
~TJIPANAS" "THIWANGI",
May 13th May
Gurshals & tapassDE
Semarang,
Вадаром, Djakarta, Semarang.
Burakain & ArcaniST
Singapore, Penang & Belawan Deli
Singapore,..
Jakarta. Sum
Sutabla & ANCAVIAR
Djakarta,
TJirebon.
surabata & Macassar
Hemarang,
Mania, Singapure, Mauritius, S. Africa `
& S. America
Ujakaria,
Surebila & MacasiAT
Japan
16th
May 27th
May 27th. Junie 2nd
Wingapore,
jakarta,
Japan
BLIK
June
Juno 12b
June 18th
Tilrebun,
Surabala & Macassar.
Hemarang.
Semarang,
Singapore, bjakarta, Semarang.
Surabain & MocassAE
Mann,
Singapore; Maurliius, B. Airca, như t chnerra
Djakarta.. TJirebon,
aurabala & atacassar
Djakarta,
Slugapore,
Surabala & Macausar
Japan Singapore,
Semarang,
Semarang,
Djakarta, Hemarang,
Kúrabals & Macassar
Manila, Singapore. Penang.
June 17
July
2nd
"VAN HEUTSZ" "TJIPANAS"
July
7th
Jepan
July
"TIPONNOK"
July
July 9th
"RUYS"
**TASMAN"
"TJLBWAH"
"EASTWAY" "TIWANGI"
E. & S. Africa
Djakarta. Tiirebon. Semarang.
Surabala & Marnar
Manita, Slugapore, Mauritius, S. Africa
8. America
ARRIVALS
Apr. 18th
Apr. 13th
Apr. 30th
Apr. 28th
From
Penang, Belawan. Hell,,Palembang,
Djakarta & Singapúro
Sentarang.
Macassar, Hurabala,
Djakarta & Singaporn Djakarta, Neluwan Bell & Singapore Singapore, Jakarta, Mentarang,
Surabuta & Mucunar
General Agents,
HOLLAND EAST ASIA LINE
Apr.
ርኬ
May
Hth
7th
July
70%
SAILING FROM EUROPE
"KIELDRECHT"
Balled Mar.
H=1# Rotterdam
Ath
Arrives. Itongkang
Apr.
10th
Apr. Կ
May 100t
June 7th
July 4011
"BLITAR" "ЦОВСКЕЯК" "ARENDSKEBE"
SAILINGS TO EUROPE
"AKENDSKERK“ "KIELDRECHT" 1 is feared that some of our
Business done CA The Stock "AAGTEKEEK" is re-traditional markets may have | gloomy picture
Exchange this morning WE BLIT'AR" plated in practically every been lost for ever.
valued at $150,485. Noon Queta- London, Mar. 30. ather country which boasts a
itiona and the morning': in- textile Each of the successive substantial cotton
The paradox of a situation in transactions:- dustry. moves in the Conservative
In America some 62,000 or which world cullen textile ex-SHARES BUYERS SELLERS SALES AGTEHERK"
declining BANKS gradually disinflation New England's 140,000 textile ports are Government's
K Bank in large increase despite a
East Asia policy has hit the Stock Ex-workers Are reported out of
bien work:
world population has change where it hurts.
commented on in various places. SHIFFING In Canada, mills are working
Asta May. daring the
the past few First
days. there was line "new only free days a week.
Me Thurneycroft touched on ils Holland is contemplating a marietary policy" with moderate rise in the bank rate, cut in cotton preciuetion, and his espect the problem dur-
industry. textile
We arc then the udget speech and the France too is worried about the ing the Communs debate on the unexpected four per cent, bank offect on its cotton industry of ex
Jong
sald, from the way, he rste, nd now the Finance the recent import restrictions.
to make we used urdays when the number
for Brazil, pe-goods
India, workers has fallen China and the Far East gener- Movements during the past 4,00n since the middle of last
These atly.
countries week were
mainly irregular,
year and now short- because professional
same level us in 1035. covering tended to keep some prices steadier than they would
have been, for otherwise tendency was weak,
Bill.
the
Shares of Cable and Wireless foll £4 to 107 on the dis- covery that the Finance Bill im posts double taxation upon in- ves ment trusta. This violates the greement rozched in 1047 that eting assets hold at home shall be taxed only once.
This
In Sweden
Lexlife
stands at the manure their own.
GRAVE MATTER
Flow
1435
140
1.65 1.75
pocks, ETC.
N. PL. Whart
6.70 2010
Dock A
8119.10
31
Wherlock LAND, ETC.
BK Hotel XD UTILITIES
42
43
Tram XD P. Tram (0) Star Ferry
* 5300 7 ፐረ።
15.40 500 1 16.10
0.40 500
20.18 2015
120
10 2000 @ 10
1810.60 500 ₪ 10.30
2122
C. Light (0) he went on, "one
Estetrie of the great problems which confronts
Dalry uy is not so much STORES. Ere competition from third parties Wation
Crawford Ju but that the country to which we have been exparting has up its own textile industry and is prepared to supply its own market."
The situation in Lancashire is a matter of grave concern In this country, Mr Peter Thorneyeroft, President of the Board of Trade, has said that unemployment in the textile industries amounts to some five per cent compared with rather less than two per cent for the industry as a whole.
he added, the published But! policy, casting
understar nside the 1047 compact, is per-figures
probably the most haps
Important the problem. They mask a development of the week from good deal of short-time work of
S.M.B.
&
Ping Chau)
S.M.B.)
7.45 *10.20
(Direct)
(Direct)
►
(Direct)
Via Ping Chau &.
S.M.B.)
11.10
11.25
Via
匙 S.M.B.
-(Direct)
1.10 p.m.--(Direct)
1.30
11
• 4.20
4.30
0.00
Ping Chau) (Direct)
1.30 p.m.-(Via
-(Via Ping Chan &* 1.45-
S.M.B.)
--(Direct)
- Víi Đính Chất &
S.M.B.)
-(Direct)
SILVERMINE BAY
Leaving Hongkong for Silvermine Bay
9,00 am-(Direct) 9.10 11.00
† 3.00
4.30
4.45
* 6.15
0.30
S.M.B. Ping Chau) -(Direct) (Direct) -(Direct)
~(Via
S.M.B. Ping Chou) (Direct) -(Direet)
FERNY SERVICE
Leaving Silvermine Bay for Hongkong
22
7.30 a.m.--(Via Ping Chau) -(Via Ping Chou) 2.00 p.m.-(Via Ping Chau) -(Direct) » 5.00
11.40 Via Ping Chau) -(Vin Ping Chau) 1.30 pan-(Via Ping Chau)
(Direct) * 3.20
-(Via Ping Chau)
4.30
5.15 5.40
-(Via Ping Chau)
&
&
(Via Cheung Chou)
• Sundays & Public Holidays Only.
† From Wilmer St, Ferry Pler. (Sundays Exotple)
PING CHAU FERRY SERVICE
Leaving Hangkong for
Ping Chan
9.10 a.in.
11.00
1.30 p.in. 4,30
JI
Leaving Ping Cho for Hongkong
7,50 a.m. ~
12,00 noon
2,20.p.m. 5.35
TAI O-CASTLE PEAK FERRY, SERVI
Leaving Hongkong
Leaving
Tung Chung
Castle Peak
Hongkong
2.00 pm.
To O
Kap Sul Mun
3.00
Castle Peak
3.45
Tung Chung
4.30
»
Arriving Tai ✪ ....
5.45
»
BUNDAY EXCURSION
Leaving Hongkong.
Kap Sul Mun Arriving Hongkon
DIRECT to TAX O 8.80 m. Leaving Tal O
Leaving Tung Chung, 3.40
5.00 р.
+t
PRESS
new
In
rer!
re-
*OR
COTTONS
Bwo
2,30
Osaka Cotton
Recovery
This, however, is na new situation. The growth of do- meetic industries, with a conse- quent lessening of import qutiemer 3, has long been
Osuka, Mar. 20. cognised by economists as
rallied The cotton exchange inevitable outcome of the policy
promoting the economis de- on Saturday after the panic ou of backward areas. Friday which caused the suspen- a long-term investment viewing and inevitably cloak wide velopment
urca one it has attracted less differences between
In the son of the afternoon session. the decline point but
than tho
ain fac!, and
volume attention public
The opening quotations were of Imported textiles another.
beginning
to 4 yen Guardian" gobs back to the
4 pound higher at! "Manchester general deflationary trend.
A
200 yen
stead, these dif-the First World War.
and remained Since the beginning of the report underlines
1014 the volume of imported through the half-day session. comferences. In Bolton, it says, it of aircraft
rive The year, shores
was attributed to panies have fallen 4.4 per cent, of the town's cotton mills will textiles was 9,500 million yards
in anticipation 8,500 buying to per canum: it fell chemicals were
11 per be stopped this week.
bots- 1020-28, available unemploy-million in
to 6,400 Government measures to Latest cent and heavy engineerings
ment figures for this area show million in 1036-38 and ts 4,000 ter the market,
The down about 12 per cent.
record drop in cation : that on March 17 there were million in 1948.
yarn piece goods and raw col- British
issues 864 wholly unemployed Government
012 Friday quotations enjoyed a moderate rise in the 7,453 temporarily suspended,
news of the ban by week. Old Consols were down
mills will be closed 1/4 at £50 and War Loan was
for a fortnight at Easter.
cotton cloth.- dow 14 at 277,
What
dowal
which
had
Many
and
Before
DECLINE REFLECTED And this general decline Inton
of
textile imports has naturally followed
the United Kingdom on importi
been reflected in Britain's own
unbleached Our exports
of of trade figures. .cotian manufactures alone United Press, amounted to 7,000 million yards
is
12,000
75 in 1013 but they have gradual- ly declined until today they are well below 1,000 million yards.
Rubber
Futures
industry
In S'poré
So much of Britain's cotton
As
is concentrated in a
In-
Singapore, Mar. 20.
South Manchurian Loan,
OLDHAM WORSE 1930's and 1007's rose nearly
£3
£131 and The situation in Oldham to £88
week This Other even respectively.
worse. £117,
mills, affecting some Japanese Iscues were all up.
started the market workers, will either be stopped rizing was that Jupon hins com- or will be working part-time pletely ignored -- so for as this | Last week 13,000 workers' we single arca that any deoline m
its products particular step was concerned affected.
In Rochdale, 35 of the town's demand for
evitably the sudden restriction upon
leads to serious un- Prizes of rubber futures closed" Britain's imports of Japanese 00 mills are on short-time.
cloth,
the The Cotton Board's latest re-ematayment and hardships.
Thorneycroft Mr
has today as follows:- Brey
Number 1 rubber. per soverest repercussions upon turn for the week ended March
cut, in a constantly April cotton textile 15 shows that the total output pointed the Japanese
wise to changing
world it is the of a single yarn in spinning Industry-United Press.
laking up section of the Industry was only have facilities for
of the stock cl times some 15.87 million lbs--lowest gure low demand. reported so far this year.
It would be a bold man, lie Spot rubber, unbaled with 21.06 mit- In compares
suid, who
admits all the im-Blanket crepe lion lbs in the
of the world today No. I pale crepe week of 1951-
and sought to predict at exact- about 28
per cent and
ly what level of activity the much smaller
than the aures British textile industry was go returned for any week during the hollday period last Suming to settle down.
Army Demand
For Textiles
In America
WATER PHOTOGRAPHS forbids on nearly 41,600,000
15.
PRECIOUS
USE IT
WISELY
rayon
mer.
esponding order
was
and
200
11124-112
May
-1104-110
June
of Number 2 rubber, April Nunther 3 rubber. April Number 4 rubber. April
10915-110 1074-15
103-104
113-114
77-70 131-134 United Press.
Exchange Rates
Business was done in the excitange market
US. döller, iper $1) Loo,
*
jocal
this
6.03
2,08
MAY 2nd May 28th
July
2nd
Aug 703
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA
BAN FRANCISCO, LOS ANGELES AND PANAMA. ·
NEXT SAILINGS
*M.S. "PETER MAERSK“
M.S.
"NICOLINE MAERSK”
M.S. "SALLY MAERSK"
ARRIVALS FROM U.S.A,
*
Calling Vancouver.
M.S.
"OLUF MAERSK”
M.S.
"LEXA MAERSK"
M.S.
"LAURA MAERSK"
AGENTS:
Apr.
21
Apr.
16
May
In Port
Apr. 19
Apr. 28
For Freight and Further Particulars please apply to:-
JEBSEN & CO.
Pedder Building.
Tel: Nos. 36066-9.
PATTISON ORIENT LINE
LIMITED
5.5. "LAURE PATTISON"
Due From:
Japan,
Mar 31st.
12-14 Queen's Road, Central,
Sails For:
DIRECT Pusan & Jupan, Apr. 5th.
Tel. 25346.
CHINESE AGENTS:
OVERSEA CHINESE STEAMSHIP CO., LTD.
48, Bonham Strand, West, Tels. 26127, 81118 & 31119.
Pacific Fur East Live, Inc.
Meanwhile, the Government Forty-one mills were closed has decided to give all the help throughout the week compared it can within the limits imposed with 28 in the previous week, by our defence and export pro-morning at the following Tater:-
Indus-terling note (per l grammes to enable now New York, Mar, 29,
when output was 16.98 million friss to be started in the areas Indonesia guilders (per 100) The Quartermaster-General'a iba.
affected by the textile stump. Slum terls (per 100) inquiries for vast yardagen of There was a net loss of 905
That is all to the good but Singapore (Straits) colton goods, burlap, wool and full-time
FIC. plante (per 100 workers,
the many people will regret rayon clothes side-tracked part-time werkers also left the implication that the British Interest in other textile marketmills, bringing the total number textile industry has entered a developments this week.
on the employers books down
permanent decline. Outstanding among the to 110,050 against the peak of
Textile industries have play milltary inquiries were requests 124,010 renched in November.
ed an important part in build- ing
Britain's economie cotton
LOSS OF LABOUR duck, $1,000,000
strength and, as "The Times" Handbags, 3,500,000 yards of This boes of workers would has remarked, I would be only
acetate cloth and 2,470,- be less alarming and even de- with the utmost reluctance tha 000 yards of wool fabrics,
Cotton yarn spinners looked sible led to an autorenybody would resign himself the increase in the number of to the idea, that they were to of photographs Coples
shead
to broadening demand employees engaged in the des play a seriously diminished part taken by the South Ching after the duck bids open
April 3, but for the moment tree and giring export me in the nation's future economy. Morning Post, South Chloa the buying interest remained dustries. But no such nutamatle!
cdtransfer of labour is considered Sunday Post-Herald, and plack.
likely:::
Lansantire industrialists In cation cloths, fair-sized China Mail Staff Photo- yardages of print cloths moved point out, many of the displaced
workers GTO married at pleudy prices for second graphers are on slow
quarter delivery but buyer with family responsibilities. end continued to shy away from the if they lose their job in later positions pending develop colton industry they might do
their employe ments in the retail old and cide to give up
down further whittling.
afment allogather, past, workers. Inished goods Inventories once last in this way may
to return. United Press
over be persuaded to
the Moming Post, Building,
ORDERS BOOKED
Gri
women
Fast Regular Trans-Pacific-Service
OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO
* CANADIAN CITIES MONTREAL AND ALL AMERICAN
DIRECT BAN FRANCISCO, LOS ANGELES'
Guam, Marinas Islands, Micronesian Islands Regular Beryloo direct or with transhipment.
Vessal
30.
+35 uuides)
NY Stock M
Market New York, Mar. 29. Dow Jones nverges it the
the of
stock .market
dustrials 4200.00 20 Talla 35 60.11
From
Arrives
All
Por
(HWILLIAM LUCKENBACIP:
(HF., J. LUCKENBACIE!
CKENUAÉR'
Apr, Biralte
San Francisco Apr. 10
Strails
Apt.
Spa Frariatson) & Los Angeles
Evin Kobe....
*10) bonda
Bingapore, Penang, &'Yu.
Bweltenhamna teljese
San Francisco & Los Angeles
20170.33 For Tall particulars call. Untled: Slates Lizen Co. Gencral Agents, quedu's Building, T1: 28186.
United Press.