Page
MESSAGERIES
MARITIMES
MOM
"MEKONG"
"GRENOBLE”
Arriving
LogTİDE
Outward For
«-July 18 July 21 Japan 4. Aug. 21
"LA MARSEILLAISE” (July 11 "BİR HAKEEM”
"MERONG"
July 12 ...July 30 July 31 8 Aug. 10
For Passenger and Freight.
Homeward 'For
Marseilles vià Balgod “N. Atříšk⋅ & Europe. N. Africa & Kutope
THE CHINA MAIL, TUESDAY, JULY 8, 1952.
American Wheat For Pakistan
Karachi, July 7,
The first of four ships carrying American wheat supplied to Pakistan under the wheat-rice barter deal, arrived in Karachi today.
· Threb 'other chips Marry- fat 'abanik; 20,000, temi are expected. fe arrive between July 84 and 30.--France. Presse,
freight for Saigon, Alexandria, Tunis, Genoa, Increase
Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean
porta via Marseilles and West Africa by Transhipment. In Prices
Madagascar by transhipment in Saigon or Djibouti.
Subject To Change Without Nétise.
CIE DES MESSAGERIES MARITIMES
L
P.O. Box 68, Hongkong
Queen's Building (gr. floor) Tel. 26061 (8 lines).
EVERETT LINES
EVERETT ORIENT LINE
Fast cargo and passengers servico refrigeration space available for Korea, Japan, Chian Philippines, Indo-China, Slam, Malays, Burma and East Coast Indian Porta
"BRADEVERETT""
Arrives July 9 from Singapore. Salla July 10 for Japan.
"LENEVERETT“
Arrives July 24 from Manila. Sails July 25 for Singapore, Penang, Rangoon & Calcutta.
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "NORDSTJERNAN”
Loading July 24
Sailing July 25 for Kobe & Yokohama.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chineza Department 1 Telephons.28293...
M.V. "LA MARSEILLAISE"
Will sail for
MARSEILLES.
via
MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT-SAID
on
Expected
In America
Washington, July 7. Prices may climb to an all-time peak during the next six to 12 months. At the same time, however, in comes, production and em- ployment may rise moder- ately.
These were the highlights of a staff report yesterday to the Com- Senate-House Economic mittee, whose job is to keep an for eye on economie trends Congress
CDC Scheme Doomed, Says Liberal Writer
Menace To UK
Exports.
ROYAL INTE
"RUYS"
JAPAN'S REVIVAL ZIJALENGKA"
ANALYSED
London.
STJIPANAS” **TAILUWAR* › ETJIKAMPER"
"TÍIPONDOK".
July
July
July la
ly 10
*July 27
Aug. Aug. AUK.
Aug. Aup., 11
OLD ERRORS REPEATED Japan and Germany, to housAIN
London, July 7. Vernon Bartlett, the News Chronicle's well- Imown special Correspondent, returns from a tour of Africa convinced that the Colonial De velopment Corporation is "doomed to fail.”
C.D.C. officials, he says, are repeating too many of the mistakes that ruined the O.F.C. Groundnuts scheme in Tanganyika.
Whoa Lord Reith, C.-D. C. Chaltman, found time to visit some of the Corporation's under- takings, he would realise some of his officials "still pay no heed
the experience of the man on the spot if all C. D. c.
But even
reasons:
officials were as good as some of them are, the C. D. C. "would still be doomed to fall." Mr Bartlett Elves the following "I it enters a commercial field where the prospecte aro good, it comes unnecessarily into competition with private enter prise.
to the other ex- The report said the price in- "I gues
and spends trease may be from one to three
expected long-term Improvements, it does per tent, due to an
awhat the C. D. and W. is already climb in rents and services, recovery in clothing prices, and doing and better.
in upturn consumer Blight. durable goods.
#
Food prices are expected to temain about the same uniess there
is á a substantial change in present crop prospects,
The report, turned over to the Committee by Chairman Joseph O'Mahoney (Democrat, Wyoming) for study, bases lta *ppraisal од
number of that assumptions
the steel strike would be ended soon, that the international stun tion guts do worse, that the military build-up programme goes ahead as planned."
it rushes in where ordinary business men fear to tread,
such disasters- risks it the Gambia poultry scheme and the public shouts its loud In- diguation over this waste of the taxpayers money...
HONGKONG
SHARE
MARKET
(From Our Correspondent)
The recent increase in activity on the Stock Exchange was maintained this morning, fùrn- over, being
Noon $300,180, quotations and transactions:
the morning's
of
EASTWAT”!
*TJIRADANE"
Writing on the "Mentice "TJIWANGI" British Exports" is Lloyds "TITIALENOKA“ Bank Review, the British economist, Professor Ely | "THIBODAS” Devons, expresses his vlow “TIILUWAK” on the industrial and comAN HEUTEŻ” mercial reconstruction of "STRAAT Japan and Germany,
Prof. Devans points out that although Japanese exports Have rapidly increased during the last three years, they only represcht In volume one-third of what they were before the war,
Japanem cotton plece goods exports in 1951 were only 30 per cent of what they were be- fore the war.
However, Prot, Devons adds, this has not prevented Japan from regaining in this sphere her place as the biggest export- ing
country in the world.
What Is more disconcerting,
MARASSIK” "THIWANĠI”
"TSIPÜNDOX”. "DotsSEVAIN"
“TJULUWAD
"TLILAÁLPERO
"TJIWANGI"
"STRAAT
BLAKASSARa"
"TJIPONDOK" "TITIALENGKA"
noYG“.
he says, is the fact that Japan's | "TIIPANAS" principal outlets are the British | "TJILUWAU" colonies In Africa, Malaya,
"TJIWANGI" Paldistan, Australle, Slam and Indonesia, which makes Britain her direct competitor.
Prof. Devons Bay that d sullent feature of the distribu- Lion by countries of the Japanese exports in the decline of the Chinese
outlet. Ho concludes by saying that even
if the total Japanese ex- ports remain reduced, they will probably have the same effect other markets as they had on 120 737 British trade before the war
Frotice-Presse,
BHARES BUYERS SELLERS SALES BANKS
1 Bank. .. 1005 1380 INBUTANCES
дя
Union ......?
DO
17.50 4736
600 @ 514
1000
LL
MEANS LACKING "The Colonial Empire has im-. mense potential wealth, but in almost every case it lacks the means to bring that wealth to market.
taxpayers'
money should
DOCKS, ETC.
K Wharf N. Pt. Wharf Decks. Provident S'hat Dook Wherlock
LAND, ETC.
Hotel IIK Land IK Lend ELITEEDISTYS
be spent not tipon schemes which Utrius contain the same risks as backing
# horse, but upon developing
communications,
t
C
DEFENCE SPENDING
"The D. C. was organised Mr O'Mahoney said in a letter to stimulate trade; what we have learnt is accompanying the report that should by now
that trade follows the railway. the staff estimated spending for
And no great and costly cor- and major defence
war con- necled items will total $731,
231.poration is needed to put down a 300,000,000, in the 1953 seat railway track."
began last Tuesday. year that He said this compares with like expchatures of $57,400,000,000 in Decal 1082,
Other estimates;
About $40,000,000,000 will be spent for the military functions of the Defence Department during Ascot 1983. The money will come both from the $40,- C00,000,000 defence appropria- tion voled for fiscal 1993 and from funds tho Department has left over from previous ap propriations.
Fateral spending-for-elvilian functions will be $8,700,000,000, Ne samo as fiscal 1962-As- sociated Press,
FOREIGN
EXCHANGES
Canada
IN N.Y.
England-official
*
New Zealand
South Africa
Begin
Denmark
Saturday, July 12th, 1952 at 10 p.m..
Passengers are requested to board the vessel with their cabin baggage on the 12th July between 5 p.m. and maly 9 p.m.
New York, July (7,
US$1.03-15/16
2.78-18/18
unofficial
3.57 bid/
2.00 asked
30-day futures
2.73
90-day futures
2.701
Australia
2,23
27771%
2.70-1/10
01081
1485
France ....
0020-9/10
West Germany Holland
4.20
20130
9016
1403
0035
MIDDLE EAST
ELYDI
XrExt Turkey
2.
LATIN AMERICA
Argentina
Norway
Portugal Spain Sweden
Baggage Room and Hold Baggage will be registered Switzerland at Kowloon Godown No. 60 (No. 2 Gate Canton Rond Entrance) on the 11th July between 2 p.m. and 5 pm, and on the 12th July from 9 a.m. to NOON only.
...
No baggage will be registered after this time.. COMPAGNIE DES MESSAGERIES MARITIMES
Queen's Building,
PRESS PHOTOGRAPHS
Copies of photographia taken by the South China Morning Post, South China Sunday Port-Hórald, und Chins ... Mall Staff Photo- graphers – are on view -In the Morning Fost Building
ORDERS BOOKED
Brazil Bolkia
Chile
Colombla
Mixed
www
Trading
In Grains
Chiengo, July 7, Grains joined the major com- In a mixed per- modities formance featured by generally minor fiet changes in quiet holiday tradings,
Wheat closed 1% higher to
lower and coybeans were to 1% higher.
34
10.70
ΤΙΜΠΣ
1712
1000
17,40
1000
17.50
9900
17.00
P. Tram
StarTerry
120
on
Desultory Trading
In Cotton
New York, July 7. Cotton Futures trading proved rather desultory. today, Truders do not care to get too far out. | pending the Government crop report on Tuesday when the sereage in cultivation on July 1 will be given. A leading spot firm became outright sellers of Tuly oh the scale-up, putting 12.2017.30 800 € 11,30 several thousand bales into the above the 40.00-cent mark,
..
203 @ 10
C. Light (0) 845 815:1300 €, C. Laghe (N) 0.3 Electric... 21.7521.00 1000 @ 21.00
Macao Mer..
Telephone, INDUSTRIALA'
**** 18.40 40.00 2000 à 1815 Rove
17.30 STORES, ETC.
Watson L-00 Croward
COTTONS
1802034
in July' will dease on
15. Open contracts in
On
245 2000 6 240 July at the start of trading to
day totalled 200,900 bales, tomorrow's acreage report dentl ment teamed to be crystalling around the figure of 20,300,000 aerts, Private estimates" range from 20,100,000 to 28,600,000
The Rubber
Markets
"London" July 7 The rubber market was Prices closed today as follows: Wheat price per bushel quiet totay. Prices closed 2.1714-3.2344follows:
2.2814 2,214
12
The market opened up 4 to
off
0 points. It see-sawed thereafter over 17 points range and closed on a mild rally, Onishing up 0.lo off 3 points. Prices closed today as follows:
350.37 bid
96.02 nomirat
34.47 ltd
Eppl
.40.70
Spot
July
Number 1 rubber,:
July
40.00
October
20.90
September December
in pence per Ib... August
2014-714
December
30.74
2012-27
March
Beptember
March (1963)
30.64
2014-151
May-
October/December
May
243*+3
Corn
January/March
2415-20
July
October
Epot
1.70-1.8114
April/June
24 nominal
December
July
United Press.
September
December
New York, July f
Spot July
Delober
Prices
December
March (1853)
38
May July
October
March
MAY
Τέτα
July
Sopimber
Oats
July ****
Setitamber
2.41142
New York four-per 200 lb. Back! 110. numaital-United Prots.
New York Sugar Futures
Now York, July 7. World augar futures closed unchanged to a higher with sales totalling 20 contracts,
Contract No. 6 closed 1 higher with anles totalling 21 contracts. Contract No. 4 (world)
'September
October
January ~(1953)
March
XLAY
0043
July
2500
Spot
September
March
4.20
4.10 nominal
$.08
4.05 bla
4.07 nominal
$.00
4.20
Contract No. G
8.05.bid
Aug
October
6.05 bid
1,00
185
January
.0030
May
Uruguiy
Masa
Spok
Venezuela
2005
Tel: 20061,
FAR EAST
Indla
2007
Pakistan
Mongkon
Indones Singapore Japan
360 yen to UB91 „United Press,
BUSINESS REGULATION
ORDINANCE
| 1952
Coples of the prescribed Forms 1 (a) (b) and 1 (c)
-Nów On Sale of
SC M
Post, Lide Hongkong and Kowloon
TEN CENTS EACH.
Mexico Peru
Pepper Market
5.74 nominat
0.00 --Unlled Press.
Seeds And Oils
· New York, July 7.
Prices in the, 'seeds und ́olla
NEW YORK MARKET
of rubber. futures closed today, unchanged to 88 lower with sales totalling
contracla
follows
September
October
November
December Jamiary" (1933)
róbruary March April
May
June
July
August
September
5
Prices alosed
36.30
20.54 nominial 18.17 nominal 20.00
27.01 nominal 27.23 nominat 24.63 bid
26.00 moninai
20.10 bid
23.59 nominal
23.71 bid
20.98 riminal United Presa,
LONDON TIN
MARKET
London, July 7.
The tin market was quiet with
a turnover of 30 tons of his
34.25 bid
United Press.
NEW ORLEANS MARKET.
December
30.00 39,00-30,00 30.03
30.70 30.65 bid 30, Lld 20.03 bid
34.63 bid 3443 BIL United Prees.
Wall Street
Aug. 10
Aug. 28
·ING B
Djakarta.
Page
Suradzin & Maraisar
Singapore.
Bemarang.
A. Africa 8, Amertes
1.1, Pott, Bißgadate, H. & Africa Bingapoteri Jakaria, Kematang,
Mutila a. Muertunt',
KiJakarta, Tirshan Beharang
Surabala & Macassar
singapore, DJARKA,.
Horain Macarone
Subati...
Bernilang
Singapore, Finang & "Üllawai Delf Manila, Singapore, Mauritius
By Africa & B. Attérica
Japón
Djakarta, Tilrekoh, Sematang.
-Kurabala 2 Machítur.
Singapore, JJakarta, Remarang,
Surabala & Misentash
Singapore, Penang a "Belawan. Pell
Japan
..
Singapore, Djakaits. Semarang.
Kurabila a Binene
17Jakarta Tjlrabon,
Gurabala & Macazar
Aupp. 1
Bapt.
Beps.
Hept,
Dept. 10
#ept. 25
Djakaria,
Oct.
Oct.
Bedtaky,
Nabila Bingapore, Mauritius,
# Arries & ̈8, America Kingsport, Djakarta, SORRIEDK,
Bürabala & Mincasser
Tiirebon,
Barabaia & atacassar Bingapore -Djakarta,
Bemarang.
gemarang,
Surabaja a dtacamar
Singapore Martitus,
Ataniia,
B. Africa A. America
From
ARRIVALS
In Port
Japan
Ja Fort
5. America,
&.
Africa,
Mauritius & Bingapoio
In Part
Japan
July
11
Japan
July
18
MACASA?, Surabats,
Bemarang,
July 22
Djakarta & Bingapore
Djakarta, Semarang, Surabala
Macassar
MAERSK
LINE
FAST FORTNIGHT LY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via
SAN FRANCISCO, LOS ANGELES AND PANAMA,,"
NEXT SAILINGS
M.S.
"OLGA MAERSK”
July 16
M.S.
“JEPPESEN MAERSK"
July 80
M.S.
"HULDA MAERSK”
Aug. 10
ARRIVALS FROM U.S.A.
M.S.
"HULDA MAERSK” ·
July 17
M.S. TREIN MAERSK”
Aug. 6.
Aug.
ទ
M.S. "PETER MAERSK"
For Freight and, Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building."
Tel. Nos. 86066-9.
Spectacular Oil Increase Output
In Middle East
London, July 7.
The period of nearly twelve months which has elapsed since the cessation of Persian oil supplies has been marked by a great, intensifica- tion of oil production efforts in other parts of the Middle East, writes the Financial Times.
Goes Lower owned by Anglo-franian Oil and bring
1
"The most spectacular results can be overcome is, through an have been obtained in Kuwait immediate and rapid development where the oilfield is Jointly of current production which will quick arid substantial an Atherican company, Gulf Oil-boneft to the peoples of the but very
subatantial expansion | producing countries on the deals New York, July 7.
Has also taken place in the out of the now and genorquz zòyalty. Prices on the Block Exchange put of the American-owned pro-and proft-charing agreements been recently lost about $900,000,000 in Valua Berties in Saudi Arabia,it which have
negotiated," tion in the slowest session in continues,
"Now comes the news pí ̧æ ̈ three weeks as traders atten tion was diverted to the poll-rapid upsurge in the production tleal conventions, Lotses were of the Iraq Petroleum Company,
generally shall with a few rails,
+
whose ownership is shared by Red China American companies.
elle and other recent leaders or British. the upside, suffering, wider cuts. Bealings toulled 1,000,000 shares. Rails losses ranged to
10 tons were for cash. Prices 29. Olla Nád name of
Dutch, French and
"The rate of output last month was double that of last January
tons annually..
| closed at the end of the omelat widest cule with Superior (nii | and la'now rufining al 10 million
morning session es fóllows:-
Spot tin, buyers Spot tin, sellers Business done at
Dots of
Thres-months Un, sellers ... Bustries, dorne at:. Bettlement ....
000!
-United Prim
by: ** 10 California lower points. Others were a point of Chemicals in, Buyers Deco other wint
were lower point or more Odd Motors and steels moved nas
rowi
1,105 nues traded, 612 declined, 204 advanced and 289 were unchanged,
Don Jones Averages at the end of the session dood as followw: Business was done in thỏ, Jopaf unofficial exchanges market this 50 industrials merains at the following rated 20 zails
dollar persis
20 pubiles Sterling hole(per £1).
tu banda. Indonesia rullers per 100).. Elam Alexia (per 100) Singapore (8Fall) FIC plastres (per 100)
market closed urichanged with Exchange Rates
the following exceptions:
Peanut oil, per, b. 7.0.8, New York, 10 centa, A
Linseed Oil, in tanke care, Now Yorks, per 16. 15.0-15.2 cents.
Flax seed, per bushel, F.0.B. Minneapolis. $3,084, United
Now York, July 7. The pepper market started a now week on a higher plane, defiving buoyancy from higher | Prest. Indian cables, Spot was quoted nominally, at
Aflosts wore quoted 11.00 and $1.03 4 pound.
On
pound JAPANESE BONDS
$1.04.
* N
04770
Copra Quotation“
Japinero bonda perbaik dadat Ahipment positions, June mallets, or 1 was quoted at 21:00 the first er 1910 67%
New York, July 7 har July 61,67, razright: July, BC (18. 10071 12014 Copra was quoted today at #1:56~~$1,49, August $1.30 #1.19 204 bu ot. 1954) 4GA BER: $110 to $113.90% per short ten, and September $1.40 pound LANCE (856K GI 1934) 18436 nominal, Coconut oll was
60% quoted at 11 cmta
*
Buys Cotton
In Pakistan
Katichi, July 7. The Pakizián Government's
The main factor Behind this Inercase had been the completion of the now pipeline to the Mediterranean. With this Im- portant addition to its transporta cotton selling policy is softening
lon facilities, the 1. P. C. has been able to raise to production of crude all much closer to maximum potential.;
under burdensome stocks and the Government announced It offers will nocept reasonable, from exporters at below; official floors.
SAN VITAL MATTER
This rapid expansion of
· ƑÂu ́a result, since Saturddy 276.20 Middle Eastern all output is about 38,000 bales of businēts
101.44 development of the highest were reported with China for TPARTYZME: 1942) importance. Nearly one-half of 148 roller ginned at rupees 73
100.71 the proved world oil reserves aro which is équivalent to 37d. per-
located in the Middle East and pounded
Fortiliser Plant
Starts In Taipei
inipol, July.
3
the fullest: development of theso
is vital to the long-termi
Frarf the all
More business was said to
and under negotiation.
It 15% undersico-Japan is. of all consumeranto in the maritet at around
Tho
political factors which 354. to 38d, which the Govern
are liable to interfere with the ment là in a mood to accept in A raw, fertillsur flips, hat | Bow of Middle Eastern oil are the case of singe
quantily started a leat pun in Hualien well known and have been clearly by ore
The plant legald fo bdiilumtrated by last year's events
me. Government is apparently. capable of a peaks production in Perkin
anxious about the disposal of "Not the least effectge way, in stocks before the next drop in amánily.--France-Presse,"
which these political nituences | September United Press.
[ all on rin 'ox-dock bands.--United | CORNER BUNGE United: Press, 20 nokodi-United Prom Pound, of 18,000 for "of-fertilis