THE CHINA MAIL, THURSDAY, AUGUST 14, 1952.
MESSAGERIES MARITIMES New Refinery Sharp Fall In World
M&M
"GRENOBLE” "FALAISE"
↑*"MEKONG”
Arriving
Leaving Outward For
· Hem. * Rept Japan ..Sept. 18 Sept. 2 Japan
AME. 14
18
#
**FELIX ROUSBEL” -Aur.
†"COURSEULLES!!
**Tag**
• For passenger and freight.
Homeward For
Aue. I N. Aries & Eqrops Ag. Marsejlige via Manila Sept.N." Africa & Barbpe
1 For freight to Saigon, Aiglers, Oran, Tangler, Caseblanco, Hayro,
Dunkirk, Antwerp & Rotterdam.
Accepting cargo:`
-via Marseilles to all Mediterranean & West Africa Ports. -via Djibouti to Madagascat.
Tablets To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
PO Box 68, Hongkong Queen's Building (gr. floor)
EVERETT
Tel. 26651 (3 lines).
ELINES
EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space avaliable for Korea, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports.
"BRADEVERETTH
In Port Loading Saila
Port
Singapore, Aug. 14 for
Swettenham, Penang, Rangoon
Calcutta.
“NOERVERETT”
&
Arrives Sept. 3 from Singapore. Sails ·Sept. 4 for Japan.
(Accepting carzo for trauskipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Stam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN"
In Port Loading Sails
Aug. 15
for Singapore, Madras, Colombo, Bombay, Karachi, Kharramshahr & Basrah.
M.S. "STAR Arcturus”
Arrives Aug. 23 from Singapore Sajis Aug. 24 for Kobe & Yokohama (Accepting cargo for transhipment Kobe/Pusan and Hobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Quean's Building, Telephone 31206. Chinese Department: Telophone 28293.
M.V. "FELIX ROUSSEL"
Will sail for MARSEILLES
via
MANILA, SAIGON, SINGAPORE, COLOMBO, "DJIBOUTI, SUEZ & PORT-SAID
on
Monday, August 18, 1952
at 9 p.m.
Passengers are requested to board the vessel with their cabin baggage on the 18th August between 4 and 8 p.m.
Baggage Room and Hold Luggage will be registered at Kowloon Godown No. 50 (No. 2 Gate, Canton Road Entrance) on the 16th and 18th August between 10 a.m. and NOON only.
No baggage will be registered after the time indicated abové
Compagnie des Messageries Maritimes
Queen's Building.
BUSINESS
REGULATION
ORDINANCE
1952
Copies of the prescribed
Forms 1 (a) 1 (b) and 1 (c)
Now On Sale at S. C. M. Past, Ltd. Hongkong and Kowloon
TEN CENTS EACH
For Italy
New York, Aug. 13.
Flat of Italy and tho California-Texas Oll Com- pany will open a 13,000- barrel dally petroleum te- fingry In Hajr {n Offghft, The American arm -
punced.
Tho "refinery will bo operated by the faintly- owned Socleta Per Astont Ranaria. Pada qu
erall at San Martino di Trecate, between Millan and Turin-Aspolated Press.
New Port For South Africa?
MALAN'S SURVEY
Johannesburg, Aug. 13. South Africa's Premier. Dr Daniel Malan, is next week taking an air trin gyer Zulgland.
His Minister of Transport, Paul Sauer, and his Minister of Lands, Johannes Strydom, are flying with him over Sordwana Bay, 170 miles north of Durban, lo see if it can be developed as a port to relieve Durban and to provide a new sea outlet for the Transvaal
Free and Orange State.
And there is another reason for this high-powered interest In what today la nothing more than a sandy bay with slightly hilly background: it would provide another port for tho of the vital transit handling cargoes it in another war "the Suez Canal were put out of action.
Durban is already congested: Capetown, if the Suez Canal were closed, would be unable to handle without serious delays the vastly increased shipping.
Sordwnna Bay, If developed in peacetime, would reduce the
now overloaded strain or the Natal rall system.
Output Of Natural Rubber Recorded
PRODUCTION OF SYNTHETIC AT PEAK
:
Landen
World production of natural rubber in the first half-rear le expected to have reached about 840,000 tons, comparing with Dre,500 tons m January-June, 1951, and 907,500 tays in the second half of last year.
Consumption of the natural product is put of 140,000 tons, an improvement on the 695,000 tons used in the second half of 1951, when U.S. restrictions were at their peak, but comparing with 805,000 tons in the January-June period last year.
The U.S. slackpile of natural rubber is now in excess of Im: fans, hu na It. mase by nearly 200,000 tons in the first four months of 1952. first hinf:rear world production surplus of some 100.000 tons has been fully abso mercial stocks have been reduced by almost the same amount;
the
World output of synthetic except, 1849, the first year at rubber, most of which is made rehabilitation after the Japanese | វត្ថុ U.S.. reached its highest war-tline occupation.
In the post-war rate in the first half-first half of 1051
output was year, and is now expected to 309,000 tons.
combination of factors is decline. American Insistence on
fcs the fall-the an annual consumption of the responsible two main
of at Lypes
least decline in price, the bandit cam- weather $10,000 tons-which means about paign, and adverse 575,000 tons of all types-is conditions in the early months
to set a limit to the fall in of 1952. bound
The lower price has affected smallholders' production output.
Over the world as a whole, more than that of the European- consumption of synthetic in the owned estates, but the latter have half year is estimated at 445,000 suffered from Inability. tons, equal to an annual rate of | milliy sitede subject to Communist 890,000 fons, against consumption terrorism. of 915,000 tons in 1951.
American use of natural during the half-year is put at 218,000 and that of the U.E. at foba, 108,000 fans, a total of 325,000. fre thought to have imported China and Rigala taken together, 00,000 tons leaving 335,000 tons for the rest of the world.
In
Indonesia,
smallholder's output gally has been affected 'natural' rubber by the drop in values, but estates have not only maintained their output but have estate yield is now nearing the increnged it, and the theorestan
all-time record
rate of 300,000 tons achieved in 1841.
Cotton Prices Recover From A Shaky Start
New York, Aug. 13, Cotton futures regained 4 toothold after a wobbly start.
Prices edged upward gradually
opening. offer a lower
龉 over
mostly at the favourable side.
The crop ska The textile markets remained
fabric quiet
buyers With advernment report on Friday. regmins puzzled by the errific of raw cotton since the The market opened off 2 to 16 The Rubber Study Group, at Although figures are delayed, Palfila. If see-hawed thereller Ms
moderate range but spring meeting, estimated the first four months' estate favoured the upsido until after 1932 world output of natural production of almost 83,000 tons October rubber at 1,690,000
delivery supple compared with tons,
crossed the an equivalent 88.50 cents mented by D10,000 tons of
level whereupon 1951 figure of 55,000 tons, in- Natural rubber use dicating a 1852 annual output of offerings increased in the final
realizing and Bynthetic.
hedge-relling was for
'foreenst dt 1.450.000 tons, about 280,000 tons.
at an synthetic 875,000 tons, A total of
The 2,325,000 indicates an overall world surplus DIFFICULT PROBLEM
of 275,000 tons, excluding stock The passibilities of Sordwana
in the comparable 1951 period, a October were surveyed by
last Ple demand. sca
MALAYAN OUTPUT
jump of almost 50 per cent. November. In 1922 it was visited
Malayan natural rubber pro- Indonesian smallholders have Marcit (1953) by Sir George Buchanan, con- duction in the first half-year is reduced output by some 20 per July sulting engineer, who saw in
not expected to be more than
and are not expected to cent, future port.
With Sir
räte 280,000 tons, or on snaps fate produce more than 350,000 tons December George at the time, was Gen
lower thap 9x Est-va Xer in the six months, against 438,000 Smuts.
In January-June, 1951.
While in Malays the second October
When Dr Malan illes over the oren he will also examine the route proposed for a rail line connecting Pongola with Can- dover with the object of helping the sugar growers in the Pongola
area,
If a harbour is established at Sordwana the trade of the For- tugese port of Lourenco Marques is likely to be affected.
This could create
difficult problem, for the. Mozambique authorities might then be forced to review the availability of its African labour for the Transvaal and Orange Free State gold mines.-London Express Service:
The Rubber
Markets
Singapore, Aug. 13.
Prices of rubber futures closed
today as follows:-- Number 1 liber, not Ib.
December
tong,
SMALLHOLDERS
It is estimated that the half-
year's output will prove to be 141,000 tons, against 95,000 tons
dealings.
The market closed up 10. to. 20 points. Prices closed: today ns follows:- spot
December
May
October
NEW ORLEANS
HONGKONG half-year is normally a higher-December
SHARE MARKET
of
March 11933)
October
Fielding period for seasonal May reasons, ich will depend on July the political situation. Any
deterioration, especially Pember accompanied by a falling away
price
levels, would present undoubtedly affect output.
"Natural rubber prices have re- cently shown signs of steadying and (From Qur Correspondentplace from the low level of is d a modest recovery has taken
Demand
pound recorded at the end and 11d for Lights
4. in Watsons was a feature of this of May molning's session of the Stock London, however, it is still felt Exchange; total business reach to be too early to assess what ed $280,871.40. Noen quotations the full repercussions and tho morning'a transąc-
HANKS
of the
40.30 nominal
38.37-38.45
38.20
· Bago 9"
ROYAL INTEROCEAN LINES
“THPARAK PEJIKUTA M
„EVAN HEUTSZ"
"KAWANOT* "STRAAT
TAKASSAR" "TJIPONDOK" #DIEVAIN" RESIMENTING” · *THLUWAU"
"VAN BRUTAZY "TJISADANE "TJIKAMPEK "TUVANOF",
"TEDELBEZⱭ” "STRAAT
·MAKASSAR" "YAN DEUTSZ!! STUBANTÆET:
TJFADANEY
STUDONAS"
"VAN (BUTSZ" PENYANGE "STRAAT
**ITAKASBAN”
*TAIPONRAK
SAILINGS
AFP 11
·Ang, 18'
PUKMAL KHOP Bemarank.
Surebila & Macassar
SEMATEUS,
Aug. 31 Sept. 2
Hingapore, pjakaren, Palembang
Belawan Deli & Penan
Singapore, ----RUOKATTAU Remarque.
!!
Sept sept,
Bept. D
THE
Sept. 10
Bapt. IE
Dept. Bept.
Bept. 5
Oct.
Oct.
Oct.
Oct.
Nay.
PLE. Torte, Blu£apöre; 8;
Surabalą & STACASERT
Japan
SUNERID BERDE & Belawan Deu
Tirebolt. Sembrane.
Vasútibala & Macsszár
Singapore. Djakarta. Semarang,
Aprikola & Ayeazaar.
Sinapoie. · Miqueftion,
8. Africa & B. América Bingsporg, Penang & Belawan Peli Králika, Singanorë. K. & 8., Kiries Djakartoj Tirabon, Armare
Múrábala & Macassar
Jopen"
singsport, Diskarta.
* Buraðala' &"Midékisar
Janan
Japan
Bingapore.
Djakarta.
Sprabals & sličenaar
ABRIVALS From
In Port
In p
44. 13
40 2/
Sept. 3 Boot. #
Japan
Surabata.
Djakarta Singapore
Japan
KENCAVEAT. Surabala,
"Unkaria 2 BACKSPATO
Remarang.
START
Bear
Semarang,
B. America, 8. Africa. Mauricing.
Singapore & Ma
Japan
KING'S BUILDING, Girgund Floor,
TEL. 28015/18.
CHINESE AGENTS: 83 CONNAUGHT RP. C. TELS, $1180, 25128
MAERSK LINE
FAST FORTMIANTLY SERVICE TO:
NEW KOBE, BOSTON, BALTIMORE '& PHILLADELPHIA VİS SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "HULDA MAERSK" M.S. TREIN MAERSK"
M.S.
PETER MÄERSK"
ARRIVALS FROM P.§.A.
M.S. "NICOLINE MAERSK”
M.S. "ANNA MAERSKO
33.ui nominal
31.30 nominal United Prem
HARREL
30.44-38.47
33134-39.33-
38.28 bid. 38,10
37.65-47.57 35.57 Bid 14.33 pic
Grain Prices
In Chicago
M.S.
LEXA MAERSK"
Aug.
Sept.
Sept. 16
Aug.. 80
Sept 10
Oct.
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
TVI, NÓS. 8608ED
Tokyo Application To Tariff Group Draws Protests
London, Apg. 12.
Chicago, Aug. 13. The strength in coybeans price level will be on spotlighted an irregular rise in
the leading output in both holders'
commodity markets. All bean futures rose to new SHARES BUYERS SELLERS SALES Moto Best Half-year the strength of the impal markets. and Indonesia.
highs
with the In company Over the HK Bank 1405 2425 29 1475. London price for rubber has Grains followed the bean 370 averaged 28 84d a pound. Fermarket wati wheat anding addi-
the first six months, the monthly tional demand from mi19.
Japan's application for membership in the averages have been: 38 4d, 28
of Tariffs closed to cent General Agreement
"and · Trade higher and soybeans were 1 (Q.A.T.T.) has brought protests from British to 0% higher. Prices closed today as follows:—
manufacturers in Lancashire and the Midlands. Wheat price per bushel Spot september
INSULANCES
Union UK Fe SHIPPING
Asia Nav.
EXC. Whart p. Whart Dock Provident S'ha! Dock Wheelock LAND, ETC.
.74713 700
134
1.03
Humphreys 2, 14.09
September
Oelsber
2014-07
HK Hoter
Number 2 rubber,
ine Land
Scptember
314-4
Land (N)
Number. 3 kubber,
Beptember
7031-77
UTILITIES
Number 4 rubber.
Thom
7116-72
P. Tram
P. Tram (N)
Star Ferry
10 103
Septempera
Spot Fübber, unbaled Blanket "tréper
No. 1^ pale kropa
United Press. NEW YORK MARKET
New York, Aug. 13. Prices of rubber futures closed today unchanged to 10 lower with salca totalling 40 contracts. The evening-up in September delivery plus buying in Decem ber credited to British dealers' interests were trading features. Prices closed today 43 follow September
30.80 b October
35.40 nominal November
20.40 20.0Kr bild" January (1953)
28.50 nominal February
23.20 March
17.50 bid" April'
December
Tel: 26651
J
May July
Juny
THE
"POST"" TYPHOON
· MAP
Incorporating amend.
Aust Beptember October November
Epot
71.85 Nomlaal 2700 bid $1,65 nominal
17.50 а
1000
18.10 10.00 1500 e 10.86
110 103 C. Light (0) 0.00 8.70 3300 + 9.70
1000 5.50
1000 # 5.30 1000 ( 5.33 Electric -73.30 22.40 1000 (# 22.30 Macao Elec. 1050 Telephatte 17.30 17.50 500 ą 17,40 INDUSTRIALS
Cement
17.40 17.00 zapé STORES, ETC.
Detry
Watron
Crawford (Est.)
COTTONS
16.00
21 27.10
1749
11344, 25 01⁄4d, 28 81⁄4d, 23" 24, and approximately 25 2d for Jung.
Whereas during May prices ranged between 23 7d and is 118, In June the lowest touched has Been 20 d.
For 1951 the average was 43 2d, against 2s 9d in 1950.
Foreign Exchanges
In NY.
New York, Aug. 13.
US$1.0414
2.70-5/14 2.36 bid- 2.57 asked 2.78-9719
Canada 27:10 England-official
unofficial 30-day futures po-day futures.
Pepper Market
Now York, Aug. 13.
Now 283tand
South Africa
Belgium
Limited interest *In tho France
27.30 nominal
21.10
pepper market.
H
20.90
21.70
10.50
-United Pre
LONDON MARKET
London, Aug. 13.
Prices of rubber futures closed today as folows
Number 1 rubber, iş perçe
September
October/December
January/March
monte to the Local | April/Tung"
and Non-Loani. Storm Signal. Codes
Maunted $5.00. Unmounted $4.00.- Obtainable from SOUTH CHINA MORNING POST HONGKONG and KOWLOON:
United
Capra Quotation
New York, Aug, 13. Copra was quoted today at
Cotanut off was quoted' at centa a pound, nominal-United Eresz.
woo
chiefly in spot position.
Grinders held matorial
at olla medin
Holy Portugal Norway Spalet
2.164-
Wheat
December March MAY
Corri
Spot'
Beptembe
December
March
May
Rye
Spot
September
Oils
Spot
September
2,357-16 *3.00% 2.4940
1.7978-1-8034
2.12-7.1334
2.144
85-651
New York figur-per 200 1b," Sack. $13.20.--United Prem.
New York Sugar
Futures
New York, Aug. 13. World sugar fictures closed today' lower to 5 higher' with sales totalling a contracts,
Contract No. 6 closed 1 higher 1* lower with sales totaillig 0038-9/13 303 contracts.
to
today closed
Contract No. 4 (work!) September
2.7014
Danmark
1453
centred Holland
West Germany
420
2837
.0016
1405
0370
Uclober:
January (1933)
2331
Morch
MIDDLE EAST
September Bput
Contract
LATIN AMERICA
bsco
pound, nominal. Stocks awall sweden
Were
ing 104, 87% fdicated. / Switserland
around
$1.65 to
80, depending da steamer Egypt
Irán
pusillan. Од
Leshipment post- Ing tions, the first half August Turkey was reported at $1:07-31:06,
Argenting straight August. 11.04-$1.05, September $1.60-81.60 and DE October. $1.54-$1.00
a pound
-United Frem.
Exchange Rates
Business was done in the focal mothing at the following rate
Atering nita "{{fer *£15. Indonesia guilders (per 100) Slaan Ucals (per 100); Singapore (Biraffu)
|
'FIG. Dissiden♫(pier. 100) 246
Bouvia Chila Columbia
Cuba Mexleg Pert Bruguay Venezubiq
FAR EAST.
India Pakistan Hongkong
30 Indonesia 31.50 | Bingapore.
111.070
0840
200 yan to UBS ***Unind ProAN.
MAY July
September November
March MAY
Sentember Sppt
བ་
1.00 bid
“B.00 bia "
3,82
nominal
B.69 bid'
B.TH 0.97 4-United Preis.
Zine Price In NY
* New, Fork, Guz. 18., Prices in the meisie mackoj, here cloaca undanged with the following exception:
Zinc, prime wadero, New York, pre 15, 14.83 cent United Press.
Letters in the "Manchester Guardian" today charged that Japanese entry into the G.A.T.T. would nullify the British Government's assurance that British industry would be protected from unfair Japanese competition.
no
The letter pointed out that The Tariff Commission
Peace it has recplyed" when the Japanese
makers Treaty was being debated in from American Parliament last November, the projection ngainst imparta, Freudent
of Japan Sewing Machipe. Ing by Asspulation openty pealed to the American by in Tokyo against 1 rẹp- move to mercase duties,
the Board
was no obligation extend most favoured nation treatment to Japan..
Trade Dis Peter Thornycroft sold
free
there
oald Britain would be fa 'imposa quotas and put en tariffs and discriminate against Japanese trade coming to Britain.
The letter to the Manchester from Fation
mpoutac-: "appear
Guardian,” which
Lancashi
it would ture ....... in 'ndmilies (o that it
the GAME" Thecheyrphy's asauny would beccine value.
nother letter, from a Mi lands manufacturer, said: “It
Sixty per cent of Joi exports come to the Unite States-Associated Press.
LONDON TIN
MARKET
The un market was pleady on
London, Aug. 13.
the Japancto, or any foreign a turbovér of 100 tolls of which Industry, can be showns to de- 10 tons were for cash. Prices rive its competltive strength closed at the end of the official from ita low standard of wiges morning session as follows or salaries or from other spot tin, bawers proved forms of cost decal-spot 10. gelers
must Rusiness' done st
ballon, British
th defend
Three-months tin. buyer Three-months
can-Rinesadüfe
ARTs pleas that
they must contidos: price dis srimidation, as defener grainst
vas discrimination as a icpigante
Battlement.
measure. In le emayapal fra: JAPANESE BONDS
United Preek.
FEARS UNFOUNDED
Washingto
Japanese
Japoncie
bonds
Teuta or - klghar P American tariffs on sewing machines so far appear to be Consols unfounded.
"E" (5.
0796
-United Fross."
1