MESSAGERIES M
1
THE CHINA MAIL, TUESDAY, AUGUST 5, 1952.
Page D
MARITIMES Priority For Arms America Making Rapid ROYAL INTEROCEAN LINES
Arriving Leaving
M
Outward For
"GRENOBLE” "FALAISE"!
********Apg. 27 Sept.
1
-Sept. It Sept. 21
Karape Europe
i
10 Aug. 11 12
13 AUR.
"MEKONG"
Jerung
Aug. Hongkong Aup.
Homeward For
N. Africa & Curope
אי
Marselies via Manila
*
N. Africa & Staraya
*FELIX ROUSSEL” ........-Aug. „J5___ Aug. 19 "COURSEULLES" .....Sept. 2 Sept.
Fur passenger and freight.
For freight to Saigon, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp & Holterilom,
Accepting enrge!
-Via Marseilles to all Mediterrangan & West Afrien Ports.
via Djibouti to Madagascar,
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
Programme
Washington, Aug. 4. The National Production Board today announced
thai the industrial *x- pansion programme neces- Bilated by national defence In the United States would receive the necessary steel allocations for the fourth
70 his year,
Lained
stand
will be main-
means,
even if 1
that other commercial and Industrial projects already approved have to be held
the Heard France-Presse.
up,
added.-
Recovery From Crippling Steel Strike
New York, Aug. 4.
Industry has made a good start toward rapid
recovery from the crippling steel strike. And with Gold
the recovery came indications of a new inflationary spiral.
There will be some faltering before the steel-
consuming industries recuperate completely.
Copper And Consuming
And Aluminium
There will be some plant shutdowns and some un- employment before the steel supply gets back to
normal. Tel. 26651 (3 lines).
P.O. Box 53, Hongkong Queen's Building (gr. floor)
EVERETT
LINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma and East Coast Indian Ports.
"REBEVERÉTT”
Arrives Aug. 8 from Singapore. Sails Aug.
9
for Japan.
"BRADEVERETT"
Arrives Aug. 12 from Manila.. Sails
Aug. 13
for
Port Singapore,
Penang, Swettenham, Rangoon
& Calcutta.
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Slam, Malaya, Ceylon, West Const Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMÒDATION
M.S. "THAI”
Arrives Aug. 9 from Philippines. Sails
for Kobe & Yokohama. Aug. 10 M.S. "NORDSTJERNAN"
from Japan. for Singapore, Madras, Bombay, Colombo, Karachi, Kharramshahr & Busrah.
Arrives Aug. 15 Sails
Aug. 16
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophono-31206. Chinese Department: Telephone 28293.
Fair
Japanese Govt To Be
Strict On Trade Principles
London, Aug. 4.
The Japanese Government is taking vigorous steps to ensure that exporters observe the prin- ciple of "fair trade" laid down in the peace treaty. The Ministry of International Trade and In-
dustry has warned Japanese exporters that viola- tions of this principle will lead to severe penalties. officials believe that But Japanese Government exporters are not entirely to blame for some of the in- fringements already investigated.
Herrell Tilman, writing in
become
Japan's long-term economic the Manchester. Guardian, re-prospects, already gloomy, would desperate if ports Mr Taklo Oda, inter- quickly
were to erect national trade administrator of foreign countries
barriers ogalast M.I.T.I., as saying that sono additional
the complaints of staten Japanese goods and services, "designs' on! Japanese textiles and chinaware aroso
nufacturers were acting
Instructiona
Released
The
Washington, Aug. 4,
National Production Authority lay offered greatly increased amounts of copper and aluminium for practiently oll types of construction, Consi;uc- Hon affected includes resciences, omies and hotels.
The NPA also aid copper and alumulum could now be used for ornamenting and decorating! cars, refrigerators, stoves and sli other civilian goods-a practice banned since last July 1.
The agency also said the metats could be used again in gutters, store fron's, gratings and similar bullding parts,
Manufacturers of consumer goods will not get any more cop- ner and aluminium than they are getting now but they will be nble to te their allotments as they please to dress up their products fur greater customer appeal United Press.
Brazil May
Restore Exchange Mart
Expansion plans of many in- dustries may be slowed before the year is out.
The Defence Production Ad- ministrator made some gloomy predictions during the week re- garding the strike's impact defence expansion programmes, civilian production and employ- ment.
On
In the next few months, he expected A undetermined number of workers will feel
HONGKONG
SHARE MARKET
Price
At New Low
Canada
Altown Aug. 4.
"BOIBRYAIN" STIITFOLENÁkay "STRAAT BANKA"
"TJISADANE "TJIBONAR" "TJILUWAsto "YAN HEUTEZ "TJIWANOr
"ETRAAT
МАКАЗВАЕ *TJIPONUOK”^
"BOISSEVAIN"
"TASMAN" ́"TJILUWAU”
"TJISADANE" "TZIKAMPEK"
**TEGELDEEG" "TJIWANG
"VAN JEUTSZ" АВТПЛАТ
Aus.
AVE.
BAILINON!
***~ ~*Japan” (ylä- Manila)
Aus Aug. 18
Aug. 14
AUE. Sept.
Sept...
Bryt.
9
,
Hept, 14
Raps, 14
Rept. 19
Dept, ಜ
Sept. 30
Oct.
Des
MAKASSARE"
"TJIPANAS“ ·
Oct.
Oct.
Oct
12
18
Nov. A
“TJILUWAH"
The Canadian official price "BODAK" for cold has engged to an 18 year law," prinsing" | "TJWANOP" further gloom to Canada's hard-pressed gohl-mining industry.
The Finance Department has announced that the Mint's price for gold during last week' weB $32.823125.a fine ounce, down from $93.030082 the week before and the previous low bf
the lack of steel and steel com- (From Our Correspondon) $33.878497 for the week ended
ponents but it was impossible to determine when or where unemployment might strike.
ie motor-car industry In Irade sources said low produc- tion will hit at the start of the for most new model season manufacturers and that could prolonging of the now car shortage.
mean a
The steel mills climbed to 45.4 per cent of rate capacity and Bethichem, second largest of the producers, expected their 100 by mills would be up to the latter part of next week.
Eugene
G. Grace, Bethlehem Chairman, sald that nearly all steel consumers will have their needs Alled by January 1,
THE COST
The Government dedered five to 100 per cent of the steci oul- put, depending on the produc tion for military; atomic and machine-tool use,
price
Cost
Eills
There was a fair activity onl
July
the reopening of the Stock Ex- Last week's, price is the lowest change this morning, following
Following since the official price of the the August Bank
monetary metal was re-pegged at terest Was widespread and $35 per fine ounce ia United transactions recorded up to noon | States funds
Before in 1934, were of a total value of $345,- that it was priced at $20.07. 604,35. Noon quotations were; Though the American price SHARES DUYERS SELLERS SALES remains unchanged at $35, the rate of conversion Into Canadian- INSURANCES
funds depends on the fluctuations the Canadian dollar on world of the Cat markets.
Canton Unloa HK Fire
SHIPPING
Asin Nav.
DOCKS, ETC.
224
740
730
231
.. $.55
K. Wharf.. 05t
N. P. Whorf 550 0.05 Dock
10.30 10.00
Provident
S'hal Dock Wheelock
LAND, ETC. HK Hotel
IK Land (0) uk Land (N)
S'hal bond..
UTILITIES
1.00
Lately, the
dollar has been hovering between three and four cents above par, bringing the value of the American dollar in Canadian funds to less than 07 cents.
TLC
Finance Department, 43 200 4235 averaging out these fluctuations, estimated the exchange rate used
for determining the Canadian dollar price for gald during the week at 96.6375 cents, down from 00.80875 the week before. Associated Press.
0,40 E
203 @
1000
1.43
21
Tram 19.70 20700 as 19.00 2. Tram (0) P. Tram (NÍ
13
Star Ferry. 100 101 100
101
100 @ 1014S
9. Lt (0) 5.70-8.00 2700-
Light 8.03
Electric ..... 22.30
The Price Stabiliser, Armali, predicted the new steel increase will cost the average American family about $109 a year in higher prices.
Many economists believed the Rio de Janeiro, Aug. 4.
Brazil's of living, which reached a The resturation of
might ed- new high recently, 1 foreign
exchange marke now
vance a little farther. under Congressional debate here
The Government made a spot would facilitate the payment of
week-end and check at the the commercial arrears
estimated that retail food prices INDUSTRIALS United States and European
hit an all-time trigh during the countries, economie expouts said
16, fortnight ended July on Sunday.
Dun and Bradstreet's whole- sale food price Index climbed almost to the year's peak,
Some car industry sources saw another increase in new retail prices ahead,
to
the
German experis from Deutcher Lender Bank, headed by Mr Felix Prenize, are dis- cussing with Brazilian specialists. headed by Mr Lins De Barros. Director of the Foreign Minis- try's Economic Department, means of cancelling the coun try's arrears.
100 10 22.20 500
New York Rubber
Futures
0
"BOISSEVAIN"
"STRAAT BANKA”
"TIITJALENGKA" "TZISADANC
*
Bing-Royd) Mauritius. §. antics, a
E. America Manlia.
Jakarta, melawan Doll Bingapore, Penang, Mombers. Tanga, Zanelbar, Varis-FEIRAM, B. Afilem # B. AMITICA Lepan
Dakarta,
Tilrebon,
'Burahaja & Machtstr
Semarang.
Singapore, Diskaria, Semarang.
Sürahila & Macassar
Bingapore, Penang Belawan Dati *Dļ«karia,
Singapore,
Barabain & Macerar
Japan
Bemaras
1. Tiirshon, Semara
Kozabala à Macarist Manlia, Biogapore,
8. Atties & 197 America **** Jupata
Singapore, Djakarta, Sembrane.
Surabala & Macassar
Bingapore. Feners a Belowan Dell- Djakarta, Tiitaben,
Buradala di Atacantar
Зарад...
Sparapr.
Singapore. DJakarta, Semarang,
Sürahia MacassaT
Singapore. Penang Delawan Dolf plantin Bingapore, Mauritius,
4. Aftica & 8. Amarica Japan
1
Djakarta, TJirebon, Semarang
Barabala & Macassa
Singapore, Djakarta, Bemarang.
Surabāja STAFREKEN Aingapore.
Jakaria, Semarang.
Birabala & Macassar
ARRIVALS
From
8. America, 8. Africa, Mauritius,
Japan
In Fort
& Singapore
Aug.
Aug.
Japan
ADE.
8. America. #
"TIHUWAN"
Aur. 17
"VAN HEUTSZ"
ARE, 20
S. Africa,
Maurices & Singapore
MACABIRE, Burabals, Semarang,
Djakarta & Singapore
Зарад
KING'S BUILDING, Ground Floor.. TEL. 28015/18.. CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 25133
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "HULDA MAERSK” M.S. "TREIN MAERSK" M.S. "PETER MAERSK”
M.S.
ARRIVALS FROM U.S.A.
TREIN ́MAERSK"
M.S. "PETER MAERSK❞ M.S. "NICOLINE MAERSK"
Aug. 16 Sept. Sept. 15
2
Aug. Aug.
-9
Aug. 30
contracts. For Freight and Further, Particulars please apply to:-
New York, Aug. 4. Prices of rubber (alures closed today 10 lower to 10 higher with inles totalling Traders sold the nelivity WIE too limited to indicate the parti- cular feature with the market interest cut down generally by 251900624.80 Singapore and London holidays. Prices closed today as follows:- September
29.05 bld
2008 22.40
Macso Telephone.. 17.00
Elec.
500 17.20
300 & 17.30
Ocment ....07.0077.70 1000 1714 500 17.00 2000 @ 17.70 Rope... 18:40
Dalry
16.00
19 500 @ 18.00 10001030
car
STORES, ETC.
Walsin
24.90
ol
Crawford C. COTTONS
Είνα
1000 4
1000 @
2.40
Many Signs There were many signs better business in the making.
nation's largest Two of the acetate filament yarn producers raised their yarn prices. Corporation of Celanese
500 4 2430
2500 e 2.43
U.S. Cargo
America and American Viscose Ships Put
Corporation, along with other producers, said mill demand has been picking up.
The hot weather and drought Into Reserve
It is understood that con- sideration is being given to partial cash payments or com-
Brazil pensation in
exports, Congressional The bill under discussion would permit sale in the free market of foreign ex- change received for exports of
products. certain Brazilian
Such exports are included in Commercial
сол agreements
The Agriculture Department by Brazil with several
designated eight entire States doreign
but countries
while
"disastee loan areas" as a re- Brazil bought everything
sult of the drought, and added provided for in such agreements,
Slates ito the foreign importers have failed to parts of other
classification,
has
conditions had serious effects in Some sectiona
ot
Washington, Aug. 4.
29.15 nominat
2738 bld.
20.03 nominal
October
November
20.05
December
20.10
January (1093)
27.01
February
27.48--..."
March
April
Miny
June
July
August
September
Spot
20.70 bid
26,68 nominal
20.43 bid
26.4p nominal 20.24
36.00
United Press,
Steel Strike Settled
The government withdrawal of dry cargo merchant ships to the reserve fleet has slashed mer- chant marine employment by dur- 10,000 officers and
scamen
Wheeling, Aug, 4. ing the past six months."
The Wheeling Steel Corpora- buy the stipulated quotas of In Massachusetts and Con-
The
National Federation otion said that agreement was Brazilian products due to the
American 'Shipping reported to reached with CIO United Steel- necticut the long dry spell has high prices situation responsible,
day that employment on pri-workers today ending a two- cost millions of dolinrs and an in part, for Brazil's inability to
owned and Agriculture Department jokes vately
- operated pay commercial indebtedness,
firm. man valued rainfall in the area United States ocean-going mer-month-old strike against the United PressI.
chant vessels declined from 110,- a million dollars an inch.
A Company spokesman sald Earnings statements of 327 on January 1 to 91,000 on that a contract affecting about
000
15,000 workers had been signed corporations showed that com- July 1, bined net
altributed the decline ta It profits in the first half of the year were down 10.8 the government's returning to but he declined to reveal its per cent from the first six reserve status of American-owned terms.
The spokesman said that dry monthe last year.
E.I. Du Pont de Nemours and operated privately under charter workers were being called back to their Jobs as pidly D and Company reported that at least
agreements
and foreign possible-United Press, one-third of every dollar re shipping milltary caived last year for all its pro-
said that, association and services
The s ducts
despite the six-month decline, taxes,
A prize performer was en of 91,000 tepped that of January 1, the current employment figure gineering awards, which hit $1,131,012,000, the highest figure 1051, by 15,000-United Press.
record. It
compared with
Malayan Export Figures
Washington, Aug. 4. Agriculture Department The reports that Malayan exports of copy.a. coconnut oll and palm oll decreased in the first quarter of 1952, compared to the some
increased. period in 1951, but exports of palm oils
Malayan exports of copra and coceanut oil
14,592 ord March 1952 totalled 1 cry 13.074 long tons respectively,
25,601 compared with
Red correspon- 11,410 tons in the
Imports ding period of 1951. during the first quarter totalled 19,910 and 452 tons respective-
3951 ly against 29,703 and 88 tons in
Principal buyer of Malayan
OR
ald
went for
cargo
agency
formerly shipa
for
$278,166,000 the previous week French Exports
and $207,571,000 a year ago.
However, $923,000,000 of the total was contracts for addition to a uranium reparation plant at Paducah, Kentucky,' and to atomie diffusion plant at Oak Ridge, Tennessee. Asso- ciated Press.
מB
To America
New York, Aug. 4. French exports of a number of products to the United States my increase it prices become more attractive, trade cources predicted.
and Spain. Und, dingdom Biggest Loan In some have conglot for
The Japanese know there is a because
en tendency on the part of some Americans to regard trade as a "I have seen faithful ceplesene-way street, but they expect Mr the United Kingdom, confronted marvellously well done". Oda is quoted as saying, "which with the self-same problems, to had been made to the buyer's appreciate their difficulties.
"Criticism from British quar. pattern wil
without the Japanese firms concerned realising any ters hurts all the more because
Burma, the Japanese
Government ap- infringement was involved,"
Netherlands were the major When such malpractices are pears to be genuinely doing its discovered
the pattern or de- utmost, by the strict 'poileing purchasers of cocoanat
United Press. sign involved is recorded at the of the export trade; to prevent and its any cause for complaint and to Japanese Patent Omec, further reproduction in Japan is act swiftly and decisively where
such cause forbidden.
exist Recorded ease of infringement
York And some Japanese-manufac- New of fair trade practices include 63 turors have their own
casca
com-
of design violation-mostly plaints, against foreign imports., relating to textiles--and other Imports of foreign cars and Aus- cases in which patents, trade tralian butter are said to bo
ful
unfairly with youth-
marks and copyright' have been "romanese Industring"
violated.
been
In view of the measures being Even after duty, has taken to plamp mut such vioin pald, foreign curs and butter tors the Japanese are extremo-ball cheaper in Japan than ly sensitive about what they domestically produced care and Express Sex- butter-Londɔca regard as unfair complaints. Hessell Tiltinan writes:
oil.
Stock
RFC History
Wrehington, Aug. 4. The Reconstruction Finance Corporation today approved a 304,000,000 loan to expand cop per and molybdenum production at the San Manuel Copper Cor- portion," "Arizing,'
time that French prices are not competitive. They now believe that prices of French
wines, leather goods, loves
garments, glosware, felt ond other products may be reduced on a result of the French. Government's action to grant tax ald for some exports.Associated Press.
Cotton Output Estimate
Washington Aug. 4. The International Cotton Advisory Committeo estimates the 1951-52 world cotton
pro- duellen at 34,800,000 bales.
The Committee put the world consumption at about 32,000,000 tales which would leave, at the cad of the season, carry-over stocks of at least 2,500,000 bales,
United Press,
Freight Decision
New York, Aug. 4. The North Atlantic and "Medi-
AGENTS:
JEBSEN
Pedder Building.
CO.
Tel. Nos, 86066-9.
N.Y. Foreign New York
Exchange
Closing rate August 4.
Canada
England-omelai
4
Belgium
unonlciat
30-day futures
Italy-official
Norway Portugal
Spain
US$
2.7911
251 bid/ 2.60 asked
Cotton Futures
New York, August 5. Cotton prices today moved higher. The market opened firm and experienced only minor set-
of backs finking on a note
and sirength around the day's
factors gen-
best levels. Two
erated the underlying bullio
ndence
the concer:
because
over bf prospecti drought in the Southern states, and the evidence of a broadscale in all reactions, mill demand Prices closed today as follow-
October
41.90
59.30
2.7812
50-day futures
Australia
2.231
New Zealand
South Africa
Denmark
1455
France
0028-9/16 crop
Went, Germany
4.20
Holand
2637
.0010
1405
0370
J
Sweden
0035
Spot
Switzerland-free
2434
December
38.299-39.00
MIDDLE EAST
March (1953)
38.00
tran
Egypt
2.83
May
38,00
03125
July
07.99-38.00
Freq
2.201
October
39.90 nominal
Turkey
5375
December
35.70
4
0040
Spot
.0600
December
0005
March
4025
May
,00
July
2103
October
.0044
Uruguay
Venezuela
2003
FAR EAST
India... Pakistan Hongkong Indonzia Singapore Japan
2000
LATIN AMERICA
Argenline-offietal
Brazil... Bolivia Chile-free
Columbia Cuba
Mexico... Peru-free
300 yen to US‡I United Press.
Burma To Have
No Preferences
NEW ORLEANS MARKET
October
40.00
30.30
December
30.03-30.01
38.971
30.70-38.84 38.01 bid 36.01 bid
25.74 United Prem
Chicago Grain Futures
Chicago, Aug. 4.
Wheat closed today unchanged
to higher. Prices of grain futures closed today, as followe
Wheat-price per busha)
Apot
March
Corn
December
Rangoon, Aug. 4. Primer U Na sald today that September Barma Intends to maintain her December neutral foreign policy, but that May she will accept foreign aid from anyone willing to give
Nupeaking at the open- Spot erranean Freight Conference an nounced postponements for one ing of Burma's Union Party September month the effective date of its convention said every nation March! 20 per cent surcharge on ship-
has its good or bad points May ments to Casablanca, Frenchhether it be the United States, nys Morocco,
Russn or Red China. Burma's New York, Aug. 4. The loan was the biggest bunl
Business was done in the local. The Conference said it had Dow Jones averago at the end Boss loan in RFC story. The
urioficial exchange.
been advlaril ́of "dome Improvo 2010, he said, is to nccept Beptember
and reject the bad cons good
Qata of the session slood as follows: project calls for, the develop morning at the following roles:-- 30 industriel
44ment in the congested condito work in harmony with other 270.0% ment of an underground" ming 13. dollar (per #1)**
Прог 103.36 producing 18,088,080 fgns of ore Uterling nois (per n 10.39 Hong at Casablanca. The date lands toward world prace, "
Conference will |Beptember was postponed from August 1 The Union $0.50 annually and extensive milling Indonesia guilders (per 100)
31.00
Associated last for 15 days. to-September 1. Associated Gingapore. (8tṛmits). 98.77 and housing facilities-United Biam ticals (per 100)
Press, 1185 Press. United Press. Press
FIC plastres (per) 1993 ('cond)
Exchange
20 rails 15.utilities 40 bonds
Rates
Exchange R
market
this
2.74
Spot.
2.31-2,2034
234-1.3314 2.40-23011
2.145
New York flour-per 200 lb.-flack $12.20,-United -Press.