Page
THE CHINA MAIL, TUESDAY, MAY 20, 1952.
MESSAGERIES MARITIMES Lancashire Textile
MOM
"BİR HAKKIM”.
Arriving "Leaving
June 29 June, PA
***FELIX DOUBBEI/" ....May 23 May 22
May 23 **BEAUVAIS"
Alay 27
11 June D LAKE MICHIGAN" June **For Papsenger & Freight,
freight for Saigon, Alexandrin,
Outward For
"PADIN
Homenaja For Marille vip Manua N.Africa & Europe
N, Aïrka & Europe.
Tunix, Genon, Marseilles, Algiers, Oran, Tangler, Casablanca, Ilavre, Dunkirk, Antwerp, Rotterdam &ali Mediterranean ports vin Marseilles,
Madagascar by transhipment in Saigon or Djibouti.
Subject To Change Without Notics,
CIE DES MESSAGERIES MARITIMES PO Box 63, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26651 (3 lines).
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya and East Coast Indian Ports.
"NOREVERETT”.
Arrives
My 3 from Singapore,
Sails June 1 for Japan.
"REBEVERETT”
Arrives June from Manili. Sailo
June 7 for Singapore, Penang, Calcutta. Rangoon &
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Sjam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports."
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "THAI”
Loading May 20
Sailing, May 21
for Singapore, Madras, Colombo, Bombay, Kara- chi & Persian Ports.
M.S. "STAR BETELGEUSE"
Loading May. 24
Sailing May 25 for Japan.
Gulf
EVERETT STEAMSHIP CORPORATION S/A Pupen's Building, Telephone 31206. Chinese Department: Telephone 28293,
OFFICES AT
·TOKYO-YOKOHAMA-KOPE-RSAKA SEOUL BUSAN
M/V FELIX ROUSSEL
Will. sail for MARSEILLES
'vig
MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT SAID.
on
Friday May 23rd, 1952, at '10 p,m.
Passengers are requested to board the vessel with their cabin baggage on the 23rd May between 6 and 9 p.m. Baggage Room and Hold Bagrage will be registered at Kowloon Godown No. 50 (No. 2 Gate, Canton Road entrance) on the 22nd May between 2 and 5 p.m. and on the Bard May between 9 g.m. and Noon.
No baggage will be registered after the times in- dicated above."
?
COMPAGNIE DES
MESSAGERIES MARITIMES Queen's Building,
Cotton Futures In New York
New York, May 19. Cotton futures opened up to 15 points. Near-bya dipped to mid-morning losses of gs muchos 12 points where upon the marker steadied again to rule of 3 to up 12 points. Brices eloped as follows:
40.00 naminzi 30.7290.70
July
October December March
July
May
Tel: 26651.
Jap Camera Snooper Caught At The B.LE.
A snaptly deessed man who looked like
#
Japanese tried to photo-
Krono v parts of machipe on a BLF, stand at Castle Bromwich, Br- mingham. He was order- of away.
The machine 1 p car- pet loom made by David Crabtree and Son, Ltd. It
revolutionary im- When the photographer focused a tiny camera on
an the machine
official shouted at bim. He left quickly. Sald the official: lle knew what he was pffer, all right.
Wilm Felton, Jolol manager of the Arm. wald: "We have already re- fused a Japanese under for the Improved logr.. We fear the Japs mihi copy It and attempt to under- eut our orders."
Foreign Exchanges In NY
Canada England ometal
Australa
New York. May 19.
US$1.01
Unatictal
30-day futures Do-day futures
New Zealard
Belgium
Denmark
South Africa
West Germany
Hulland
France
Italy
Noiwos
Portugal
pan Awrdra
220-5/10 233 Biel/ 2.53 Baked 2.80-1/lu KRIT 22.
.1433
0020-£/16 20
1433
.0370
Swiberland
Middle East'
tirsnbaas
2.8814
43125
Iran
Turkey
Latin America
Argentina
Brazi
0500
Bolivia
IFE
Chile Colombia
Cida Mexico Fern Uruguay Venezuela
For East
India Pakkajan itongkeng Indonesia
Singapore Japan
Industry
Has Two Distinct
Problems To Solve
(By RONALD BOXALL)
London.
The British cotton industry has two distinct problems to solve, Its immediate concern is with the stocks that have accumulated sing the onget of the recession. Until these begin to flow again through the "pipe- lipe" to the consumer the industry must remain in its present depressed state.
Already, more than 20,000 cotton operatives have left the industry to seek more secure employment in other jobs. Another 100,000 nearly a third of the entire labour force-are wholly or partly unemployed.
The situation, however, is exep worse than these 4gures suggest, for the workers who are heat equipped to take up other employment are those the industry can least afford to lose. Rather than risk the loss of these key-workers many mills have maintained production at the highest possible level compatible with Onancial Accurity.
the
down the rate of capital invest- The answer to the ment. industry's problem of modernisa- tion depends therefore on 2 to the shorter-term solution difficulties created by the buyers' strike.
ONLY A BEGINNING But responsibility for the in- does not rest dustry's future entirely with employers, of Workers, too, must play their part if the industry is 'ip survive in a world of increasing com-
ལྟ་་་ peillion.
Page P
Royal InterOCEAN LINES
SAILINGS
Salgan, Djakaria, Tjirebon, Semarang,
surabila & Aturaszar
Vjakarta, Semarang,
Suraksta Maraisar
Gingapore,
8. Africa da 3. America
barin,
*Fitrebon
Gurabila No Anezianz
Blogapore, Pesapp & Botswan Dell sinsporp)
Diskartą.
Kúrábala & Markisar
Singapore, Penang & Belawan Nell
3)jąkarta,
TARMAN". "TJIWANGE?
"ROYS"
23
K. & 4. Africa
"THKAMPEK"
"RUTE" "TJWANGI"
"TERELDENO" "VJIRODAS"
Авау
May 29 June
Japana
Hingapore,
"EASTWAY"
*TALASH"
Juno JNP 10 June 13 Juna รูป
D
MAI
Manrļulge,
Semarang,
Semarang.
June 21 July
2
Kingapore,
Armarang.
surubala &" šlachisar
"THPONDOK" #FIIPANAS"
July
ร
DJskirta,
Semarang,
Bistubata Sachiar
Jply
Manila, Hingapore.
Герард
July D
Manila
ingapore,
Afauritius,
July 10 July 16
Марат
Blogapore,
Bemarang,
*TJIKAMPER"
July
23
Djakaria,
Semarang.
"EASTIFAT"
July
Aug.
Aug.
AUG.
Alapila,
*TIĻLUWAR! "TMPONDOK" "TUWANGI" "PIEGEVAIN"
Aug. 16
Singatare,
Semarang,
Aug. 25
Sept. 2
Bept. *
"TJITJALENGKA" #TAPWAR
#THWANGI
"THBONAB"
"TJITJALENGKA”
*TJIKAMPEK" "RUYS
"TJWANGE" "TASMAN"
8. Atrica & ́ 8. "America'
Diskarte,
Streubala &incassar
Tilrebon,
BuerBala de Alacakkar
Singaporn, Hépang & Melawan Bell Bipradore.Ajjkarta, Semarang,
"Burghála de Aliensiar
DJAMATIAN
Fire Gion,
Surabala & Maesuar
Sjugapore,
H. Africa 5. America
DJakart
Suralita & Marnar
Scantrang,
afauetus,
Ajakarta, firebon, Semarang,
Bumbija & Magyar
HIDEADAIS, Diskārtā,
Rozália & Macassar
Semarang
Manda, Dingspore, Maurífists,
4triva & 8. America
ARRIVALS From
May 21 : May 23 Jay 20
Japon
S.
8. America, S. Africa, Mauriļus;
kingapore, & Maulta
Surabals, Sepjarang,
DEKANA A rappre
* Pepini, “Délvirap" Bell"&: Hingapore
General Agents,
HOLLAND EAST ASIA LINE
"AAGTEKEUR” "ILITARTM*, "ALNHEDE" "ARENDSKENK"
But there is an obylous Bmit; of foreign competition would be to the length of the time the in- greatly minimised if trade could dustry can go on cdding to it be re-opened between Japan and steeks. Many manufacturers and China.
I found very few people who merchants in need of additional capital to Binance, their heavy believe that an answer to the inventories of unsold cloth are export problem can be found in finding it increasingly difficult to an expansion of markets behing
from the
Iron Curtain. The industry get accommodation banks.
is sceptical about the recent Chinese offers to Fortunately, however, the in-Russian and dustry is in a far better position
cotton textiles. Some today to finance itself through a Britse large quantities period of depression than it was trade unionists are inclined to during the disastrous pre-war regard them as the answer to
Already short-time working. SAILING TO EUROPE shumps. But it cannot go on general rulers but the
has resulted in a reduction pt tying up its capital general uplaton is that they were muen
in high-priced stock. made for their propaganda value voluntary absenteeism, and the reserves Unless supplies begin to move and not out-of any concern for fear of redundancy has led to u very shortly many members of the British Industry's well-being. no fees be improvement in the quailty of the work being turned WONDERING WHY the industry will be threatened
In Nelson, one of the largest But this is with bankruptcy.
only a beginning. Nobody in Lancashire pretends weaving centres to have the fuil answer to this opinion is divided about the value Whatever steps are taken to im- of Mr Sydney Silverman's initia- prove the silletency of the Immediate problem. Consumers have convinced themselves that live in this respect. Mr Silver-industry it seems fairly certain prices have further to fall, and man, the Socialist M. P. for this that many workers, and per
some mills,
will they cannot be forced to buy. division, attended the recent In- The cotton industry therefore ternational Economie Conference redundant before production is has a strong case for any help in Moscow, and cabled weaves brought into line with the new
with details of the types of cloth pattern of world. demand.
The
danger of the
-present. Its
recession, however, is that the out, refute. It points. for interested in
In buying. Local manufacturers Tim-industry will lose so many of its three. instance, that of the essential needs of life food, medintely despatched samples of latter the cloths required-but-not with shelter and
in the veracity mands when buying is resumed. by any great faith not
On the con
of the Communists' offer. They trary, it is heavily taxed."
can give.
in
Britain,
the GOs are dificult to the Communist were said to be
cobsidised "
is the only one
the Government. On
to
key-workers that it will not even
be able to satisfy normal de-
(This is the fifth of a series. are still owolting a reply, and of articles by Ronald Baxall on If the Come British textile industry. The
But whatever solution
is found wondering why,
so anxious to do Anal article, dealing with the
the short-term problem of munists are slow sales and mounting stocks business, they have persistently Government's attitude towards --and very few people, even in turned down Lancashire's offers the cotton slump, appears
Lancashire, by would do more
ire, bollete the abolition of cheap textiles. of purchase
But if than create the right psychologi merchants
cal
morrow.
and manufacturers
have still to be
300 yen to USS there
for a resumption | convinced of the good filth ol
of
- even
greater the Communist offers, there are Await the cotton in many who have taken them at dustry in the future.
The fare vole. The leader of
trade wenvers
union in Nelson told me that the workers
ONE CERTAINTY
Only one thing la certain. The
Grain Prices industry can never spain hope were 100 per cent behind Mr
In Chicago
Chicago, May 19.
Jeday as follows:- Wheat-price per bushel
Prices of grain futures close
to sell its products as costly as Silvermen."
Be that as it may, Lancashire's
It has done in the past five or six future lies in its ability to deal
years.
Viswa
сл
HONGKONG
SHARE MARKET
་
WAS D
There
haye
drastic Livith its own domestic problems, been
~ (From Our Correspondent) changes in the pattern of world Mr Ernest Thornton, secretary Texile Fac- trade in cotton good since the of the United
tory
There Works:s Association-an War.
considerable In 1913, First World Lancashire exported 7,000 mitiga
ainalgamation
trade spurt in business on the Stock of seven textiles. Ten unions, representing every section | Exchange this morning, $287,- yards of cotton 2.43 nominal years later, its exports wort
of the cotton industry-holds 658.40 Worth of shures changing
the
Noon muotojions and steps hands. million yards. From then streng
Lancashire must now take to the moming's transgetions:- on, they declined steadily year
KHARES QUVENŲ BEĻLEDS KALCH by year until, in they were put its house in order.
BANKS down
In yards.
* Exit Aala ........ 11 a blunt statement, he has to
as told the Association's 120,000 INSURANCES Since the 1000 million
war, despite the
Inte members: "It will be necessary opportunities offered by the state
for our of world demand, exports from
spinning
ng and weaving Industry t Lancashire have been the lowest ind
that demonstrate they continuous con
in produce for more then 100 years.
quantities the right type of yarns and cloths at reasonably com- petitive of
There will be prices.
Sput
stay
July
September
December
March
Corn
Spol
2.4024-44 *.35-*
241 3.4422
1.80
MILY
July
Schtember
December
1.3014
Rye
May
100
July
1.09
Oals
May
July
76-7011
decline in
bas
spincidancashire's
with an equally striking expansion
world production of calton goods. no high margins here. Likewise, luc- the finishing section of the int- From
in co-operation with the lion of cotton textiles increased 27. million yards to
sections, will have to be
New York flour-per 200 lb. Snek. From 1910 to 1950 world produced in vaduce (not ins
€12.20 nominat--United Press.
The Rubber
Markets
C
London, May 10. Prices of rubber futures closed today vs follow- Number 1 rubber, Ia pence
per lb. July/September October/Deceniber
June
January/March
from lipa yards. But during)
40,000
down
Unloa Underwriters
SURFING
Aria Nev., 1.40 DOCKS ETC.
N. DE. Whart Provident
Wheelork.. LAND, ETC
TIK Lanet UTILITIES
Train Ster Fur
Electric
their
Telaphone...
.The
at imported cotton foduction, on a large i
to More and more mills are apply-
A
15.00
SAILING FROM EUROPE
"DLITAN"
"ALBIKERK"
ABENDSKERE” "KÆLDRECHT" "AAGTEKERK"
1172
June
July Aus. Sept.
Bails
Rotterdam
Arrivez Hongkong
Salled Apr. 30
June
May
July
Aug.
Sept.
SEPL.
Ort
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "LAURA MAERSK"
ARRIVALS FROM U.S.A.
M.S. "LEISE MAERSK" M.S. "GRETE MAERSK"
MS.
GRETE MAERSK”.
M.S. "OLGA MADRSK”
M.S.
JEPPESEN MAERSK
June 2
June
17
July 2
June 7
June 17
June 29
For Freight and Further Particulars please apply to:-
750
5.90
600 @ 1.03
47 2001 1011
Pedder Building,
4.30 XD 11.10
1320 14.40
1.80
300 € 13.00
AGENTS:
JEBSENSE CO.
Tel: Nos-36066-9.
* PATTISON ORIENT LINE-
1375
LONDON TIN
MARKET
London, May 19.
this perled world exports declined as they recently did) from 4,500 million yards to 5,500 charges for printing etc.. million yards. Thus Lancashire's problem as a whole is dimult It is a serious share of world trade in cotton and
to the whole industry!"
1 INDUSTRIALS
Cement textiles has shrunk from nearly, F
EFFECTIVE ACTION STONES, ETC
Dairy 60 ner cent in-1010 to less than
Watson Fortunately, the industry hes 13 per cent in 1030.
Watson already gone part of the way Britain will pever regain some
towards
Sun Co.. this challenge. meeting Lof the markets It has lost over
COTTON
EWD the past 40 years. India, once One of the results of the recent
make
the industry 2326-74
one of
beat Export campaign to 2555-24
making itself more attractive to workers was I markets, $ 25-25/4
ric sente, the 2412-1/2
Independent textiles.
working methods. In 1080 United Press.
Deltish collon piece-good SINGAPORE MARKET
amounted to
Lo Tra million Ing a system of redeployment, Shigapore, May 10. Prices of rubber futures closed square yards; by 1950 they were and the results have shown up to only seven million sq. spectacularly in some concerns..
to a report by
the yas. Canada and Ceylon are other
A oday as follows:
turing
Com- Number 1 rubber, per lb.
shrinking markpty for Lons Jung
Minister the
of cashiro's products.
Labour in 1948, the introduction In a number of This loss of export markets of redeployinent has been partly offset, however, weaving muls respited in an in- In productivity of no less demand for crease by an increasing
90 per cent. This was British cotton
goods in other led with a 40 per cent in- ! Commonwealth countries. AUR
crease in operatives? cornings, Soufb tralla, New Zealand,
Southern Rhodesig,
and op 20
per cent reduction in
costs. are now among forenslee's most
Including some of those which
have ex- valuable export outlets.
In order to maintain results from the introduction of undfiletat exchange
portened similarly encouraging But Was dong' in the locni develop s posillan sa mire more medery working meliads, moralny of the ollowing rates exporting industry
The ideal pressing, and the duplex iper 11)
Sterling pate (per 41) ganisation of the industry,, Jina) Blam diflis fpes" 1991-
op valuable work in promoting strupore (stralis)
application throughout
Juty
2 rubber, June
Bumber 3 nibber, June..
Number 4 ribber. June
Spal rubber, unbaled Blanket crepo
a5-04
47-871 113-80 22-03
7824-70 BU 05-20 50-60
No. I pale crepe-United Press.
OTHER OUTLETS.
צם דיור
Pakistan, and the Colonial Empire to ap
New York Sugar JAPANESE BONDS Alca,
Futures
Now York, May 10. World sugar futures closed Joday 1 to 4 higher with sales totalling 104 contracts.
Contract No. 0 closed un- changed to 1 lower with salps. totalling "27 contrnets."
Contract No: 4 {warid))] May July September November Sipok...
36.60-39,62 Contract No: 9
84.31
DE'DE:DT'
Juy m
Septentbor November
Opat
4. Id 4,25 424 nomina? 4.00 nominal
„United Prem
#!
"
14
"London, May 19. Japanese
bonds "A" (ds. of 1890) 77
"g" (48.
of 1939) 123 "C" (55. of """ (55.
of 1934) 06 "E" (516. f 18341.12p
80-1/10 United Press.
Down London, May 10.
Silver Price
must therefore
major
The tin market eget firm with turnover only i fona, qli for forward noeltions, Prices closed at the end of the em morning session as follows Spot tin, buyers can Spot tin, schless
1:10 Business done at a
Three months tin. hvers Three-mohilis tih, sellers. Business 'daria. at Settlement
Exchange Rates
maiket
ties with the 62ngth/Collon Board, the central pr-: Indonsia, mulders (per 100)..
The industry belleves, however, livat hu cennot be deny walls Britain adheres to the
General Agreement an Tariffs and which has already
125
Langshire.
Prices of silver butilon were 40 per cent a PA / Polorg" the colton industry.ella |
lowered d. to 73% pence for both spot and forward.-United Press.
A
200
VIC plantren (per 100)
Pepper Market
LIMITED
S.S. "LAURE PATTISON”
In Port
12-14 Queen's Rond, Central
Sails For:
DIRECT
Pusan
& Kobe May 22nd.
CHINESE AGENTS:
Tel, 25846.
OVERSEA CHINESE STEAMSHIP CO., LTD.
48, Bonham Strand, West, Tels, 20127, 81118 & 61119.
SOAPY WATER
thia
-
But more remains to be doge In considor self safe from foreign by British
New York, May 10. competition.
investment of
Tha pensée market rulcó quiet piders of the industry are Depile the
end' 11:m today with spot poming round to the view | million in new machinary since dicated nominally at $1.22 a New York, May 19.that only pelitening of in the Was, much of the plant in use poups. Dealers queged pools at
Preferences can now in Lancashire in out-dated Thero around 1.80, May", hiomanti Copra was. Auoted today at perial
the declining Trend of deficiencies, are gradually being $128, and Jane $120 to $121, a $1.25 pc short, ten. Coconmal arrest oil was quoted at 8% cents cotton exports. At the same remedied, but the prosent cound, all on an ex-desk harts pound, orlied United Press. time, they believe that the threat recession has tended to slow United Pro
IS GOOD FOR PLANTS:
USE BATH SUBPLUS
IN THE
GARDEN.
WATER IS PRECIOUS
PRESS PHOTOGRAPHS
Coplos of photographs |taken by the South China Morning Post, South China | Sunday Post-Herald, And Ching Mail Staff Photo- |graphers...aro ́ ́on viewin the Morning Post Building,
ORDERS BOOKED