EV
Fast carg Apacb ára Philippines,
and Edi
"NOREVERETT
In Port
loating
Sails May 29 for Japan.
"REBEVERETT”
Arrives June 6 from Manila. Sulla
June 7 for Singapore, Penang,
Rangoon
Calcutta.
EVERETT STAR LINE Fast_cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- Chiha, Biam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports. FIRST CLASS PASSENGER ACCOMMODATION
M.S. “STAR BETELGEUSE”
Loading June 24 Sailing June 25
for Singapore, Madras, Colombo, -Bombay. Karachi,
Basrah Bahrein.
ÉVERETT STEAMSHIP CORPORATION SĨA Qücon's Buildings Telaphono 91206. Chinese Department: Telephone 28293.
FOREIGN
EXCHANGES
IN N.Y.
Conáda Engiand-officlsi
Australia
uneficial 30-day futures 90-day futures
New Zealand
Pelgum
Denmark
The Rubber
Markets
Singapore, May 28. Prices of rubber futures clőséd today as follows:-
August
Number 2 rubber, June
Number 3 rubber, June ..
Number 4 rubber, June
Blanket grepe
palo crepe
784-19 7774-78
7516-7614 7211-73
71-42
7712-2014 01-33 97-102
-Unlled Press.
NEW YORK MARKET
New York, May 28-
rubber futures of closed today 80 to 100 higher
Prices
with cales totalling 180 con-
tracts
Number 1 rubber, per lu.
New York, May 25. US$
July
2.7036
2.78%
2.1315
Spot rubber, unhaled
South Attlen
2.70 2.7914
No.
100 .1435
France
0023-9/10
West Germany
4.20
Holland
203
Italy
7405
0370
Spaln
0345
Prices
Sweden
0934
follows:
Switzerland
September
November
MIDDLE EAST '
Egypt
2501%
Iran
03115
Iraq
201
Turkey
5375
October December January February March
April
Argentina
.0035
May. Jung
razli
0500
July
Dolyla
Augus!
4024
Norway
Portugal
Chilo
"LATIN AMERICÁ
Colombia Cuba Mexico Peni
Uruguay Venezuela
Indin
Pakistan
Hongkong
Indonesia Singapore Japan
FAR EAST
closed
today DS
27.20-27.30
23.04 nohutnal 25.67 23.50
emment tring in
carlier.
It totohtimined bredő vag new ties procurement gene
Thailami tas Informed the Philippines Government that i will hip 10,000 tons of the staple. food-allocated, by the U.N. Food and Agriculture Or- ganisation-carly next month- Associated Press.
INDO-CHINA EXPORTS
Salgon, May 28. Thirty thousand tons of rice and by-products were exported from Indo-China in April of which 23,000 tons were from
Dairy
waten
Watson Citi®] L. Crawford
turar
cattle bret
njection, farmers HEPS
Rail Shares difficulties in obtaining forth th
Firm On
Wall Street
Saigen 7,000 tons from Wall
and
Phnompenh.
The wholesale price of rice increased be worn May 13 and May 20. The fitness is main
due
to increasing demand from obread,
ly
Meanwhile, changes have occurred in the distribution of exports. Shipments to France and French overseas territories were ported to be alowing down, while Ceylon became new customer for Indo-China.
to Shipmiems
Malaya and insiaated. Indonesia
Ceylon ranked fourth on the list,
From Phnompenh, 01
01 tons of paddy for food were shipped in' April. This was considered quito but is not expected often,
to
to
Phnompenh is making cal siderable progress and exports have increased three times over last year's total,
In 1951, exports from Plihom penh did not exceed 10 percent of Saigon's, but in 1952 they reached more than 30 percent ofth total exports from Salgon.-France-Presse,
Opposition To Export Law
In Philippines
a new 21-
New York, May 28, Ralls are Miting ydar-high of the Stock Exchange but the rest of the market is lagging behind.
Measured in, averages, stock prices recovered yesterday's five- ceht loss but rails were strong throughout.
Industrials had some widê ddelines, finishing charply lower
In averages.
generally
Ralls showed fractional gains up to 3 polité,
Chemicals - were lower, up to a point.
60d Steels narrowly.
Dealings picked up to 1,130,-. shares. O 1,004 Jašter traded, 353 advanced, dié de-
000
motor moved
and farm achinery. Drought too, has seriously andó.Ed éxfiles Breeding.
FARMERS' COMPLAINT
enthost hopes bicadit, they
were restrained,
were award, or admit the hazards peculiar to Enterpried oversens, the results of the (2) Australian farmers com-uperations to date.are disappoint- plain that the bricks they receive ing, and the Corporation has for wheat and dairy producli. 80 proved 1 to be an imperfeet instru-
ment
dot leave them suficient main respects.
Jn several important
for profit but one of the main factors of the sinhp is the lack
True, its internal organisa-
of capital to plough new landtion has been strengthened and to increase the fertility of during the past year or two, bhd. the land already · cultivated.
there is more clarity of mind an
purpoid at the The. Australian Government strength of fully realises the seriousness of centre.
"But it can never be the the situation and a general plan dynamic agency of glially in Has been drafted to stimulate
tended so long as it had ti operate under handicaps, of the kind described in the Report."
agriculture!
ture production. Steps have already been taken to Increase, feriliser production end to specá-up the mecháubatlon of agriculture.
But a few years will be re- quired for, the results, to show. In the meantime, the Australian deonamy, must suffer from a long and difficult period. France Pressa.
clined and 204 were unchanged. Another Drop
Dow Jones averages
end of the session stood as follows:-
30-Iddustrials
20 Halle
15
Utilities
40 Bonds
202.78
97.15 40.80 38.91
-Unitea Prešš.
LONDON TIN
MARKET
London, May 28. The th market closed today very
steady but quiet with Mahila, May 20.
turnover of only 23, tons all for The temporary House Speaker 20.00 nominal
forward positions. Prices closed 25.00 nominaj the
Liberal, Administration
thu phil the official 28.00
Domingo
Velost ind
other at
morning session as follows: revealed
Spot tin, buyers the lity opposed tit propostál 25.15 nominal Expert Cabriot Ett extension 25.00 kid.
since it contained provisions 24.47 nomital 34.5 nominal completely banning the export 24.03 nothinal of
to the United strap fron United Pres. States, LONDON MARKET
London, May 28.
Mr Veloso explained that this Will be like "kicking Uriclo
Prices of rubber futures sam in the face" because
closed today as followe Number 1 rubber, in pente
per lb.
Ilino
2030
Auguit
.1760
September
3015
July/September,
October/December
340 yen to Ussi | January/March
-Valted Press.
THAI HARBOUR PROJECT
Bangkok: May 28.
The Tha Government has decided to usk the harbour exi pert, De M. Argus, to construct now inrbour in Sängklä com pleto, with warehouses und a bank,
The cost of the harbour was estimated at 00,000,000 baht France-Presse.
X2-37
23-231%
2217-23
23-2312
2211-12
2144-22
United Press.
Americans supply the Philp pines with all military supplies and equipment needed by the drmed forces.
The Congressmen proponed that the bill, after extension, should carry provisions allowing export of scrap iron to the United States if this had been the Act' be+ came eftalive and it in export Beence had been applies for.
ir Veloro pointed out that no exportation, tu Communist ebb tries Belen, ince the
JAPANESE BONDS gurchated before.
London, Mdy do.
Japanese bonds
HA" (45% of
48. at 1910).
10th
#70
Spot, un, ellers Huilates Bone at
072
Three-months Urr, buyerk .... Three-months tin, seifers Business dena at Settlement
$5013 039 971
United Press.
Siamese Scrap
For U.S.
Bangkok, May 28. The United States Govern ment has asked to buy scrap Iron Irdin Thailand.
The money will help to pay for the upkeep of Thini troops in Karta France-Presse,
In Price Of
NY Silver
Attempt To Obtain Oil Off Borneo
Singapore, May 20
Four barges which will sup pan, dll drilling equipment have taken up postions of British North Borneo in an Attempt by the British Malaya Petroleum Company, (belonging to the Shell group) to win, oli from under the South China Sea.
Two barges will form a plat- form for the drills which wil penetrate the set-bed to a depth
The other Iwo barges win carry pile-driving equipment.
New York, May 29, The price of silver, as quoted by Messy Handy and Herman, Bullion brokers, declined 1% Cents in New York today to 8234 cents Londoli
Bunct. per:
The remained | of,3,000 feet The price in urchanged at 731ext per dive ounce for spot and forward:
An Industy spokesman in New York attributed the price reduction of silver the fifth posted by Messru, Handy and Horman this month to the effort on the part of sellers to buyers find a level at which will come into the maŕkét,
"Consumer demand has not Been very strong recently and the white · métal supplies of have been building Up the hands of
trade producers,
sourcts added
In Mexico City, the Mekledn Minister BE
The open-sch derflek 5, 16 bỡ connected to the chore by an overheat cable follwoy, bearly xi mile
suspende towers foundalions.
Long, built
.0021
on
undersed
MAERSK LINE
FAST, FÖRTNIGHTLY SERVICE TO!
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA viá BAN FRANCIBOD, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. “LAURA MAERSK”
M.S... "LEISE: MAERSK" M.S. GRETE MAERSK”
:ARRIVALS FROM U.S.A.
M.S. GRETE MAERSK"
M.S. "JEPPESEN MAERSK"
M.S. "OLGA MAERSK”
June
June 17
July
Júno
June 19 June. 29
For Freight and Further Particulars plened apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
BEN
›TO AND
Tél: Nos. 86066-9,
LINE
DFAST SERVIGE VOUS
TO UNITED KINGDOM AND CONTINENT
"BENMACDHUI"
The project is part of the Loading at Buoy “A” 2 29th and 30th May
Shell group's new endeavour to develop li hew offüeld for the British Commonwealth at Sérla, the island of Borneo,—–— Associated Press.
xxxx
DIRECT TO SINGAPORE THENCE
HAVRE, LONDON AND ANTWERP.
Finance, Senor New York Sugar w. f. LOXLEY
Hamon Betots, sald, that Mexico has not been haimed by the low price of foreign silver recently set by the United States,
Senor Beteta fald the Siexican mining industry was protected ftork priče dééréasda by Inter- rational control.
Futures
Now York, May 28.1 World sugar futures closed to- day 2 to 8 higher will calds totalling 105, contracts. He explained that when an Contract, No. 8 closed 3 to 5 "unfavourable price is set, higher with salds totalling 110 Mexico takes immediate mta- contracts. sures to
stop exportation.
1212 Export Comet Law labe Exchange Rates and instance, domestil
(08. ar 1907) D(OS. of R32 "B" (88. of 1034)
Consols
57
on May 28
The dedikt föreby kid
130
Customs Burely were on the United Pres watch for Euch expofis, he added. The Control Law ko teiks la New York, May 20.
provide the supply of serap Copra was quoted today at metal för local foundries which find it difcult obtain this $135 per short ton, nominal, United Press,
itam-France-Presse.
to
Pricts closed as follows:
Contract No. i thałki"
Buainens wda dons in the local de México which May
wds purchased by
the metal until better sale september market this opportunities occurr exchange unalotal
Senor Beteta sald output was spot morning at the following rates:- V.B. doller (por 31)
10.83 also shifted to fidals or far Sterling note Iper. Et
13 East countries when the United Septembe
Nóvember 1 States prices are not favourable.
Bpct 1.30
United Press.
Indonesia guilders
100)
Biam, teala (per
Amgapore (Stralte)
20 plantren (par 100)
UAB
November
Contract No.4
Julk
York Building,
WATER
PRECIOUS USE IT WISELY
CO., (CHINA) LTD.
Tel. 84105 & 88710.-
BUSINESS REGULATION ORDINANCE
1952
Coples of the prescribed Forms 1(a)(b) and 1.(c);
- Now On Sale, ar
9. G. M. Post, Ltd. Hongkong and Kowloon TEN CENTS EACH