Page
MARITIMES
MESSAGERIES
M
Arriving Leaving
"LAKE MICHIGAN"
“BIA MAKEIM“ „..
{"BEAUVAIS"
M
Outward For
Stay
May
Julle 11 Juno
Japan Jajan
Play 15 May 23
May 20 May
"FELIX HOUSSEL" "LAKE MICHIGAN" ...Jone
Homeward for
N. Atriča & Europe Marseilles via sana
J Juke * Alça & Europe
↑ freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre. Dunkirk, Antwerp, Rotterdam & all Mediterranean porta via Manila.
Madagascar by Transhipment in Saigon or Djibouti Subject To Change Without Notice.
CIE DES MESSAGERIES MARÍTIMES P.O. Box 68, Hongkong Queen's Building (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
THE CHINA MAIL, WEDNESDAY, APRIL 16, 1952.
BIG BRITISH UNION SUPPORTS BEVAN POLICY
Margate, England, Apr. 15.
One of Britain's big unjons today overwhelm- ingly supported the policy of reducing the nation's arms programme propagated by Mr Aneurin Bevan, a Labour Party leader.
:
The annual conference of the 348,000 strong Union of Shop, Distributive and Allied Workers mooting here passed a resolution calling for the arms drive to be re-examined and sealed down. Only about 12 hands. were raised against the motion.
Though Mr Ancurin Bevan, whose views have split the La-] bour Party, has no direct connec- may have important political repercussionY.
British Cuts tion with the union, its decision
In Imports From Europe
Rising Output Of Empire Oil
Laulon, Apr) 15. British Commonwealth oil production last year 10- creased by almost 30 per cent over 1950 to a total of 14.000.000 tons, the Petro- Bureau leum Information reported
Leading producer was Canada, whose 0,800,000 placed her for the first time ahead of Brtijsh' Hernes, which supplies 5-
suoj
000.000 tans-Associated
Press
HONGKONG SHARE MARKET
Japanese Loan Issues Guaranteed
The
ROYA
"TINUWAU"
OCEAN
BAILINGS
29th
Stogapore,
To
Pago
Lives
DJAKATA,
Burabela "Alajasine
MEMINTARE,
Semarang,
Blogapore. Penang & Belawan Deli
Bijakut,
Surabția & Macasing
Djakarta Thieben. Semarang,
ARE
"TABMAN"
May
2nd
"TJIWANG"
May
2
singapore,
"TIWONDOK"
May
Muy
DAN
Japan
MAY 911
BLAKASSAR"
MAY alky 16th
FOLN
New York, Apr. 15. Japanece Government
"TEGELDERO" announced today that it is de- STRAAT positing - $20,000,000, with the Federal Reserve Bank of New "EASTWAY
"TRLUWAR" York as a token of good will toward the holders of Japaneso | "RUYS" dollar bonds."
years, subject"
for
May th
May 24th
Surabala Barance
Manila, Singapore, Mauritiu, 8, Afrika
Japan
1. America
Hisgapore,
Djakarta.
Nurabila & Statussar
Japan
JAPA
Djakarta, *Tirebon,
"Kuzabala 2 Alatokvar.
Djakarta,
Burabala & Mucntiar
"TABMAN" "TNIKAMPEE"
NAI ZON
**TJIWANGI"
June
2nd
Singapore.
June 4th
Japan
June
June 13th
Juna
1001
The sum will be held by the Foreign
Exchange Control Board on deposit af in form of "TJIPANAS" doller Investm
two "TEGELBERG“ τα payment therefrom by Japan to creditors "TJIDODAS" in copation with the bettle- | "TULUWAD" ment of the cutstanding Japanese dollar bonds, the an
nouncement stated.
"THWANGI"
"TJITJALENGKĄ"
"VAN BEUTS7"
It is understood that the "TIPANAS Japanese oro making a deposit | "THFONDOK"
of an unknown ampuat in B. fat as a similar token to the "nur" British holders of Japandso sterling bonds. that shortly
July Zod
July Elh
July
20
July 1b
July
SIN
July 01h
July 10th
July 16th
STRAAT SOUNDA" July tith
(From Our Correspondent)
With Electrics, Ching Lights,
It is believedVAN JEUTSZ" Hostility of most of the trade
after the prace | "TIILUWAN" unlon chiels has been regarded Cements, Dairy Farm attracting 4 an obstacle to Bovan's rise to most attention, volume of trans- treaty becomes effective, the power. But the Leftwinger and actions on the Hongkong Stock Japanese government will take "BoISREYAIN” his followers have claimed that Exchange this morning rose to steps to begin payment of in- Noon $623.774.15.
quotations, terest-United Press. the union leaders do not repre-dicating
market, buyers sent the opinion of their rank. were: and le members.
London, Apr. 15. Britain will continue to keep control on imports of a tight
foods and manufactured many goods from Western Europe and some other countries, the Board president. Mr Walter Padley, is INSURANCES
of Trade announced tonight.
The announcement cald thesement and a Bevan follower.
Mr J. Imports, cut back last November
A. Birch, Gegeral to ineel the economic crisis, Secretary of the Union, sald the NEW YORK, BOSTON, BALTIMURE & FRNEBEEFille bokkal, approximately task of the century was to lifi
rule in the surf SAN FRANCISCO, LOS ANGELES AND PANAMA.
FAST FORTNIGHTLY SERVICE TO:
NEXT SAILINGS
M.S.
"NICOLINE MAERSK".
M.S.
"SALLY MAERSK"
M.S.
"LEXA MAERSK"
Apr. 17 May 2 May 17.
ARRIVALS FROM
U.S.A.
M.S.
"LEXA MAERSK”
In Port
Apr.
28
May
18
M.S. "LAURA MAERSK"
M.S. "LEISE MAERSK"
1299
the same
Une burden of poverty in t half of this year to keep down Colonies, Asia and elsewhere in
the world. foreign spending.
The Lotul value of the new import quetas is between about £27,000,000 and £28,000,000 for the six months ending next December 31.
For Freight and Further Particulars please apply to: as before,
AGENTS:
JEBSEN
Pedder Building.
& CO.
Tel: Nos. 360GG-9.
Critical Eyes Over American Business Expansion Boom
Washington, Apr. 15.
American business plans to spend a record sum for new factories and equipment this year but conditions are not as healthy as this indicates. The main proponent of the expansion boom is the defence programme. Non-defence business is actually slipping a little.
NY Foreign Exchange
Canada (dullary England-chai
umotticial
"30-day futures 00-dny futures
Austraba (pound)
New Zealand
(pound)
Switzerland-free Middle East
Closing rate April 15.
US$
2.801
2.50 bid
2,53 usked
This picture of the overall economy on be obtained by
together the picelag
recent statements of defence officials and the various Government surveys.
Mr Charles his
in Wilson said
Defence as
of
Anal report Mobiliser that the delivery
worth $4,000,000,000
of war goods a month is in sight. This of the ex- accounts for much
pansion..
SHIPPING pocKS, ETC.
Д
K Whart XD 02
Dock
240
The U.S.D.A.W. here was put executive
Member a Labour
of Parlia-
SUARES BUYERS BELLERS SALES resolution (BANKS forward by tho
Bank
26 1305 " 1305 committee, whose
East Asia..
Canton Union ИК Б
3 to 1300
140
2313
145 150
Azia Nav 1.65
100 22 03
20
400 6 20
2000 20
Wheelock
12 12.30 2000 4300 4415 4314 800
215
12
414
LAND, ETC.
15
XK Yotel HK Land
7.00 7.00 800 € 431 44 1330 44 (t) 25 S'ha Land fas
7.70
1200
10.30 2015 500
25
"That task is now threatened programme by a rearmament which, here and elsewhere,
already strained distorting an ecmomy," he said.
Provident
TTAM
Peak Tram
(0) Peak Tram -N). Star Forry C. Light (0)
The conference passed by a This compares with a total of majority of seven a motion ask-
for the eighting for an Investigation by the UTILITIES about £30,000,000
Nations and by the months from lust November to United
year, giving a Trade Union Congress into June 30 this imonthly rate of about the same Communist allegations that gerin Before November warfare is being used in Korea. the goods now on quotus" could be freely imported into Britain. of the the value Though quotes is almost unchanged, the British public will feel more of the effects. Stock in the shops are smaller now than when the November cuts were announced. -Router.
MOKE PREDICTED
XD is the first of U.S.D.A.W Britain's "Big Six" trade unions to meet since the Bevanites openly defled their leaders in
Othens Parliament last month. ere due to meet later this sum- mer..
C. Light (N}
Electric
#J
Japs Building Tankers For
Foreign Firms
Tanker
Autumn now total
**TJIWANGI"
*TEGELBERG"
"EASTWAY” "TIILUWAR”
July 28th
MAN,
Separa
Semarang.
Binapora, Mauritius,
B. Attica 8. America jakarta, Tirabou, Semarang,
durabila & Massmar
Kingapore,
Jakarta, Semarang,
Auradila 2. Macamar
Singapore, Djakarta, Semarang,
SurabLia & Macassar
Japan Адрал
BIAnita, Bingapore. Penang.
S.&B, Airles
A
Djakarta, Tilrebon, Semarang,
Buzabala & Macasar
Alanila, Singapore, Mauritius, 8. Africa
9. America
Japan
Japan
Singapore,
Djakarta, Semarang,
Búrabala & MARIA
Japan
ARRIVALS
Apr. 24th
May 5th
May 10th May 17th
Singapore,
From
Jakarta.
Semarang,
8. America, 8. Mrica, Mauritius
Singapore & Ujakarta Bjakarta, Bolawan Deli & Singapore Macassar. Burabola,
Semarang, Djakarta & spore
Surabala & Macassar
General Agents,
HOLLAND EAST ASIA LINE
SAILINGS TO EUROPE
"KIELDRECOTM
May
10tt
Tokyo, Apr. 15.
-AAGTEKERK".
June
· 7th
BLITAR
July
orders
10
HOOGKERK”
ADA.
2th
SAILING FROM EUROPE
Rotterdam
Apr.
May 14h
May
Fana
7th
MAX
tih
July
204
Аня.
7th
Aug
2nd
Sept.
716
from 19 amount- ing to 402,625 deadweight tons, according to shipbuilding circles 1.35 of this number 11 are under 2490 1.55
first ship, 1000 g 1.40 construction. The 1000 1.00 24,000-ton (deadweight)
jo tanker for Liberia, is expected to be completed by the East 1000 16%
Japan Heavy Industries on April 20, Kyodo reported.
8.00 3.00 500 e 8.70 1000 8.75
W 5.70 5ld #l 1000 6 0.03
auper
Shipbuilding circles are re- luctant to receive more orders. tnquiries are still flowing into Japan. They say they have their hands full.
They fear if they receive mare 5.50 orders they would not be able 21 to build freighters for domestic
XD.... 5.00
1000
... 21.00 21.00
467
400
1300
11%
Telephone
Trade union observers forecast that the Bevan policy will score more victories, especially in the strong Railwaymen's Union and the 700,000 strong INDUSTRIALS
Engineering Amalgamated
New York Stock 100,000
Exchange
New York. Apr. 15. Oils and rails bore the brunt of sharp selling Exchange today.
Union.
22.70 shipping firms,
200 24.70
Of 24 gridirons available, 11 are being used and eight re- 18 13.20 500 6 15,20 served for tankers for foreign,
500 6 15.20 shippers.
Ropc STORES, ETC. Dairy XD
Cement... 15.20 15.40 4000 17 335.901. 1000 (15.30 4000 1330 1714
the
Watson
Eut the biggest union of all. General and the Transport
mem- Workers, with 1,200,000 bers, la expected to back
are
on the Stocker hodox Labour policy. The Mineworkers (000,000 members) and the General and Municipal The failure
market Workers (770,000 strong) of the yesterday to respond to a long likely to follow suit. awaited and highly favourable
The views of the Trade Union rate increase and the lifting of
Over freeze on television stations Movement--clearly split
a big generally were blamed for the "Bevanism"-will have
the peliciza to he The decline effect on poor performance. penetrated all sections of the shaped when the Labour Party Jist with industrials suffering holds its annual conference next the widest break in two months October-Reuter.
the while
the rails was loss in
October. heaviest since last Dealings amounted to 1,020,000 shares. Of 1,203 issues traded, 813 declined with 181 dropping new low for the year, 165 advanced and 225 were changed. Rail lores ranged to over 3 points. Chemical losses ranged to 5 points. Steel cased fractionally. Motors Tosses wer? averaging about 1 point.
The Dow Jones average the end of the session stood follows:-
A relatively small expansion is planned this year by in- dustries
manufacture which only civilian goods.
crises it is less than last year. 40 bonds
The consumer poll indicated
un-
.
NY Cotton
Futures
י
With
to
regard
Anuncial clrcles' opinion on restricting loans to shipbuilding for foreign nations, they say there is no .. 17,30 17.40 2000 1 17
10907.30 need for restriction since 16 out 2000 17.30 of 19 vessels now under sen- 2000 17.30 structing are for dollar areas.**** 234 23.10 500 22%
Associated Press. itts) 2
I.. Crawford 33 34 Sua Co,....
Wing On
(LKO)
COTTONS
Ewa MISCELLANEO
Yangiy
37
630 2.10
1657
500 2.00
Chicago Grain Futures
Chicago, Apr. 15.
mixed Grain futures closed with wheat fairly steady while most other commodities cased. Wheat closed to 2 higher,
closed totiny Prices follows:-
heat-price per bushel
Spot
New York, Apr. 15. The market opened unchanged to off 15 points. It steadied for In time after the opening the at worked regularly lower until May July as early afternoon when the market September was off 20 to 35 points. Toward December the close, prices strengthened Corn with May leading the rise to spot May close 13 points higher to
July points lower.
September as December
Rya May July
30 Industrials 20 rails
261.20
90.28
In many
15 utilities
493.15
United Press,
Prices closed today follows:-
Spot
42.20
May
41.0-41.11 Oats
July
October
December
March (1953)
May
October
frigerators and radios this year.
The Federal Reserve Board New York Rubber
even bo
predicts that savings will con- tinue at a high rate of almost 10 per cent and might higher. However, personal in- come is expected to set a new record, and this will undoubted- ly beneat business.
Futures
New York, Apr.-15.
2.70
2,701
2247
2.BOT
South Africa
(pound)
Belgium (frane)
.010811
Denmark (krone)
.1453
France firane)
6020-9/10
that the public
will buy less
Weat German
big items
such as cars,
TC-
Douchemark
4.20
Holland (gulider)
2038
Italy-official
Norway (krane)
.1405
Portugal (escudo)
0370
Spain (peseta) Sweden (krone)
Egypt (pound)
2.60%
Iran (ril)
03125
2.01
5373
0019
.0500
Columbia (peso)
4035
Cuba (pes)
Mexico (pesa)
1155
Peru-free
Uruguay (pesor
325
Venezunla
(boilvar)
2005
Far East
Government
India (rupee) ...
2110
gures show that sales
were
Baich
Pakistan (rupea)...
.2030
Hongkong
.1750
Indonesia
2015
31000
200 yen
to Us' 1
-United Press.
below the 1050 levels. Statistica used for com- from 1950 are
because. the 1051 perizon
not come at the same time and was preced-
April
BIAY
July
June
-United 'resa.
DEALINGS
Iraq (dinar), Turkey (ra) Latin America Argentine-official Brazil (cruzeiro) Bolivia (boliviano)
Chilo free
Singapore
Japan
soft
There was an increase in consumer spending in the first quarter of this year for goods. Purchases of "durable goods, such as fumiture, stayed about the same as at the end of 1051
erent store owners are
to be pleased by the size of this year's Easter shop- ping although
Easter rush ded
ing." Many
July
Australia's Wool Income
Sydney. Apr. 15. The average price for greasy wool sold in Australia in March was 58,05 pence Australian (about 54 cents U.S.) a pound against an average price of 202.20 pence (about US$1.87) a pound in March, 1051."
The figures were announced by the National Council of Wool Selling Brokers of Australia.
Australia's income from the auction of wool, July 1 through
31, was March
£246,041,831 Australien (about US$518,210,- 640) less than half the income for the same period in 1930-51. Wool
£512,011,775 brought (about US$1,137,098,000) in the 1836-181 Arst nine months of that finau-
clal year-Associated Press
45
2.50%
2.481-
3.3616-19
2.374-
1.841
1.844-
1.701 1.7012
2.00%-2.00
0216-12 EX-15
4047-40.10 May 31.03 30.67-50.72 July
New York four-per 200 lb. Sack. 38.85-31.54
$12.30 nominal-United Press, 35.68- 34.41-24.33
NEW ORLEANS MARKET
Prices of rubbe; futures closed Spot today unchanged to 15 higher May July with sales totalling 57 contracts, Detober Scattered commission house and Decenber
the
close March (1955)
May Prices July trade buying strengthened the price. olored today as follows:---
September. October November December January (1953)
February
ed by a spree of "scate buy- PEPPER London Rubber caught with extra
Futures
London, Apr. 15.
Prices of rubber futures closed
today as follows:
Nunber zubber,
May
June
In pence per Jb.
July/September
October/December
Janua
merchan's were Large stocks on and when consumer/buying slcrted clumping last Spring- Unlied Press.
Exchange Rates markets
-Mukinası
was done
in the local Uneficial
exchange Warket morning at the following rules:-
this
U.8. collar) (per #1);)
Starling Lots for £1)
ANNA - 16.83
Indonesia, quidem (per:100), 3.
Glam: Heals (Der 100)
· 0.37
・5.00 20,50
Singapore Straita).
FIC Diuitos (per 100)
25.20
34.85 nom.
31.50 nom. 34.15 13.05. nom.1 3330 hom. 33.25 nom,
32.03 num.
33.63 szt.
12.35 nam.
34.05 nom.
October
LONDON TIN
· MARKET
WHEAT ESTIMATE
Washington, Apr. 15.
The Agriculture Department forecast a bumper winter wheat crap of 940,045,000 bushels this year, a big increase from las! year's short crop of 645,460,000 bushels.
"AAGTEKERK"
"BLITAR
"BOGGKERK" "ARENDAHKAK“ "KIELDNECHT"
81
July
Arrives Hongkoor
BENLINE
FAST SERVICE TO UNITED KINGDOM
AND CONTINENT.
BY
S.S. "BENCRUACHAN"
Loading at Buoy A-3 on 18th and 19th April
DIRECT FOR SINGAPORE
THENCE
HAVRE, LONDON AND HAMBURG.
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
Tel. 84165 & 88710.
PATTISON ORIENT LINE
LIMITED
S.$. “ADELANTO”
Loading From: Apr. 7th.
Sails For:
DIRECT・ Pusan Apr. 19th.
05-
12-14 Queen's Road, Central..
Tel. 25345.
Added to last month's timated- Spring wheat output bushels, the about 307,000,000
30.00 37.00
33.30 bld
London, Apr. 15, The tin market was steady
is the
35.03 bid
2.42 bli
United Press.
New York Sugar
Futures
New York, Apr. 15.
Work sugur futures closed today 1 to 4 lower with coles
winter wheat forecast brought
official estimates on pu
CHINESE AGENTS:
morning, but was slightly easier wheat production this year to OVERSEA CHINESE STEAMSHIP CO., LTD. on turnover of 40 tons, all for 1,253,845,000 bushels, United
forward position. Pilers closed Prens.
today at the end of the officia
morning session as follow-
Spot in buyer
Spot to, selier
Business done at......
D015
863
Three-months nuller seats
000 Three-months tin,
947-007!S Business done al Bettlement
-United Pisa.
18, Bonliam Strand, West, Tels. 26127, 31118 & 81119,
Juc.
Pacific Far East Live, Inc.
Fast Regular Trans-Pacific Service
OVERLAND NEW YORK-CINCAGO-DETROIT-TORONTO
· MONTREAL"AND"ALL 'AMERICAN „M. CANADIAN CITISH
Contract No. & closed today Singapore Rubber san francisco, z6S, ANORLES
totalling. 518 contracts.
May
Contract No. 4. (world)
Futures
Singapore, Apt. 13. Prices of rubber futures cloped today as follows:-
Number a rubber, per 1b.
*DMECT
Guam, Marinas Islands, Microncalan Islands
Vesmi
L
Etom
-May ...June
July
·Number 2 rubber,
10912-42
10712-104
"F. 3. LUCKENDACHES
|San Francisco:
Number rubber, May Number
“P.: J. LUCKENDAGE"
Straits
Suos rubber,"
No. 1 pale
tod Prem
4 lower to 1 higher with sale "New York, Apr. 15.
164 contracte. totalling The pepper, market developed Prices closed today a alçadier undertone as sellers follows:--
more ploot Pending developments in the primary
Demand remained July. quiet with dealers indicating September spoi raaterial at between $1.08 November and 1.10 a pound. On shipment Spot positions, April. was indicated May at arcunt $1,07 a pound, May Fuly 21.05 and June $1.02 5 pound September
Navant all on an ex-dock basis.Untied o
Contract
Blanket repo.
130-135
Jaited Press.
Regular Service direct or with transbipment,,
For
Arriva
Apr 21
Bingapore, Penang & Port.
Swettenhenta
Ron Francisco & Lás Angeles
via, Krbo
For full particulars call United States Lines Co., General Agents, Queen's Huliding, Tel: 28105.