THE CHINA MAIL, WEDNESDAY, SEPTEMBER 3, 1952.
MARITIMES
Trade Liaison
MESSAGERIES
M&M
Outward For
5. Зарад
Sept. 20 Yokohama & Kobe Sept. 24 Jayan
Decision
to
Taipei, Sept. 2. National Chinese and Japanese businessmen werD have reported today decided to set up a trade Hatson office here to pro- between their
The decision
Arriving
Leaving
"GRENOBLE**
..Hept. **LA MARSEILLAISE" ..Sept 10
"FALAISE"
5
Sept.
moto trade
Bept. 23
countries.
was said
"COURSEULLES"
Sept. 13
Hept, 13
....... Oct.
5 20
Sept. 30
Oct. Oct. 21
Homeward or
N. Atrica Eurype Marseiller via Baigon N. Africa & Europe
to
have been reached at a
round-table
yesterday.
conference attended
N. Afitta & Europe
mien with
LA MARSEILLAISE"..sept. 29 +"'GRENOBLE” .......................Oct.
+"FALAISE
For passenger and freight,
+ For freight to Spigon, Alexandria, Genos, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo:
via Marseilles to all Mediterranean & West-Africa Ports via Djibouti to Madagascar.
Bubject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, 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, Burma and East Coast Indian Foris.
"NOREVERETT" Arrives Sept. 4 Sails Sept. 5
"REBEVERETT"
from Singapore.
for Kobe, Osaka, Nagoya & Yokohama.
Arrives Sept. 10 from Manilla. Sails
Sept. 11 for Singapore, Penang,
Rangoon & Calcutta.
(Accepting carzo for transhipment Kobe/Fusan and Kobe/Okinawa)
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. "THAI”
Arrives Sept. 4 from Japan. Sails
Sept. 5 for
Singapore,
Port
Swettenham, Madras,
Colombo, Bombay. Karachi, Basrah Kharramshahr.
M.S. "STAR BETELGEUSE"
Arrives Sept. 9 from Singapore Sails
for Kobe & Yokohama Sept. 10 (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Tolophono 28293.
Foreign Exchanges
Norway
In NY
New York. Sept. 2. US$1.61-3/10
3
HONGKONG SHARE MARKET
over 100 Chinese business- Falling In-
qustelallets from Osaka,
samples
body to examing
of commodities exchanged fr glso to be set up-Reuter.
Moscow Economic Agreement
Statement In Paris
PROSPECTS OF
A NEW INDUSTRY
IN BRITAIN
London.
the
American
Trade
Statistics
For June
Washington, Sept. 2.
ROYAL INTEROCEAN LINES
**MOISSEVAIN"
THIANTIFT!
MAKAKSAN" "TJMUWARH
The Commerce Depart-"TIIKAMPER"
announced today
ment
$20,800,000 in June
SAILINGS
Beyt. 7 Sept. 19
RED!. 10
Sept.
Rept: 17
TJIKADANE"
"TIMENTENG"
Sept. 19
"VAN JIEUTSZ"
SC01. 22.
Sept. 27
U.S.- in
"TJWANGI"
"TJIBANTJET" "STRAAT
MAKANBAR "TEGELBERG“ "TSIKADIANE" "TJIBUDAS"
"THLUWAH"
Oct.
1
Ort 7
Oct.
ย
nel.
11
Oct. 13 Oct. 14
Oct.
14
"BUY"
Nov.
"THIWANGI"
TASMAN "TJIPANAB"
TJISADANE"
"STRAAT
MALAKKA
Nov.
Nov.
Nov. Nov. D
Nov. 10
monthly "STRAAT
The two hundred scientists, industrialists and others who attended the first world symposium on seaweed, held in Edinburgh, were commonsense two-way gains in by
people well aware of the practical problems of Philippines commerce
June over May. exploiting the world's seaweed resources.
For seaweed is a favourite crank project of U.S. imports were valued at compared benevolent deck chair entrepreneurs who, musing
and with $22,300,000 in May by the shore, ask why seaweed isn't used to defeat were above the 1951 monthly the world's food shortage, for example.
average of $23,000,000,
'U.S. exports to the Philip- Like schemes
The for hamessing
of Seaweed pines in Institute
amounted to June has surveyed tidal energy on.extracting gold Research
$25,800,000 against $21,400,000 from the sea, seaweed harvesting below-water seaweed resources
In May, and the 1951 monthly on an immense scale just is not of Scotland and the islands to
average of $29,200,000. practicable, at the moment.
the north. The grop is there Perhaps the most significant but the dimculty will be to get discovery reported to the meeting it to the surface, Experiments with spring grobs and underwater prescrice of was the probable Vitamin B12 in a number of "hoovering" deyices have not common brown and red seaweeds. been encouraging from the com- This vitamin plays an important mercial point of view.-The This vita part in animal growth and Financial Times. hitherto no plant Paris, Sept. 2.
known. Seaweed Gazette today
is already The official
the used by the animal foodstuffs issued
statement П
work recent Secretary of State for Economie Industry and this. Affairs
12 promises new developments. in reply to questions B 12
con- But a good deal more work will concerning the contracts cluded by
French delegation have to be done before com- at the Economic mercial extraction can even be fast Spring
contemplated. Conference in Moscow.
The statement said that some of the operations discussed dur ing the private talks at the Conference may be Moscow taken up under the agreements with most of the now in forco European countries,
exist be Agreements tween Frines, on the one hand, and and
Hungary Poland,
on the other. Czechoslovakia, AG for Russia, the statement said that despite French efforts, agreement on the lists had not been completed.
of
bre
the
now
مودا
in
user
source was
on
SHORTAGE
"D019SEVAIN"
MAKABGAN" ***TJIDANTJET"
In JuncTIILUWAR"
againstratSADANE” previous monthly
US. Imports from Japan in June totailed $17,000,000, more in May than the $16.100,000 but below the 1051 average of $17,100,000, Exports to Japan totalled $50,000,000 $70.100.000 in. the Inanth and the 1031 average of $49,000,000.
During June,
imports creased from British Malaya, Indonesia and Thailand but e-
U.S. trade
with Hongkong was still in the doldrums.
OF FISH IN clined slightly from India.
THE P.I.
Mantle, Sept. 2.
1-
Imports in June totalled $600,000 against $1,100,000 in May and the 1951 monthly average of $800,000.
Exports to Hongkong in June totalica
$1,700,000 With the exception of India
$2,100,000 in
Meanwhile, the seaweed rem
be exploited by existing users on sources of the British Isles will those lines which have been
the last developed over
two decades. The most important
the is Alginate and Thailand, Southeast Aston commercial Industries, Ltd., which has in-countries, including the Philip month and the 1951 creased its output fourfold since pines, import more fish than they average of $3,400,000, the end of the war.
export, according to the houd of the Bureau of Fisheries here.
To
of Fisheries, Director Dr B. Villadolid, writes in the Philippines Herald that Filipino
shermen should:
Extend their fishing activi-
Waters
the outside
Alginic pejd is present in most brown seaweeds in quite large
US total
against
previous
monthly
quantities. Its salts are called! he overcome the ish shortage valued at $160,100,000 compared
The
alginates and they are used in an extraordinary range of in- The Soviet authorita dustrica; the most important of confirmed only a very small part these is the food industry, where
negotiated
it is used extensively as a ties to deals the Moscow. Tlie deals concerned stabilising thickening and selling Philippines.
less than agent. About one third of the He said Philippine waters "are worth a little $1,000,000 of French chemicals
Ice-cream produced In this poor in Ash" because of the deep It and rayon products. was country is stabilised by alginates. Į submarine yalleys, slagnant possible that commercial agree.
NEW FABRICS
bastna and depressions surround- with ments might be reached
Certain alginates can be spun ing the island. countries which in Moscow had shown interest for French pro-like rayon and this characteristic has given rise to popular selence stories "Seaweed Sults the New The Gazelle said that there
Threat to Wool." Although flame no commercial agreement Threat with China and that the protocol proof, these fabrics are at present dearer than most synthetics and signed by the French in Moscow
are not yet used on a large scale. in their private capacity with
Of more practical application is China Director of the
Cat-another alginate fibre soluble in National Import-Export poration was merely a declara-soap and water; it has tion.
ducts.
Was
the
According to the statement, exchanges which might result from this protocol come under French and Chinese rulings at present in force, that is under the compensation agreement.— Franer-Presse.
The
The
Rubber alginates
Markets
in
2. Grow Ash artificiolly ponds or impounded waters.
To carry this out on a larger scale, he advised farmers to com-
bino
In the
imports from all Asiatic countries in June were
with $144,000,000 in the pre- and the 1951 vious month
of $105,100,- monthly average 000.
Exports to all Asia in June totalled $179,400,000 against $205,500,000 in May and the 1051 monthly average 0% $181,000,000.-United Press.
Improvement In Supply
Of
Metals
New York, Sept. 2. Supplies of copper and other basic materials in the US are Improving to such an extent that metal traders are wondering how long the Government's elaborate Controlled Materials Plan for rationing steel, aluminium and copper will continue again.
#
farming with fish raising. Dr Villadolid stated that as soon as the islands had enough fish for domestic consumption and a surplus for export, the next limited thing to do would be to study the use as a "scaffold yarn" for fish imports of neighbouring weaving the wool cloths and a countries. growing application in large-scale CHEAPLY PRODUCED sock production. In this connec- He said many Southeast Asian tion it can be handled by normal countries import mostly dried sock-making machinery to pro-and salted fish, and such products duce cheaply a perfect welt. Anna fish sauce and fish paste, which
produced alginate "cotton wool" dissolves are cheaply harmlessly in the system and is Philippines.
In urging Filipino fishermen to Because of the improved sup- used for certain internal opera-
ions among other surgical jobs, set sall for international fishing ply, the CMP is in effect becom
Dr Villadolid pointed ing mere official record- of grounds, unique properties
have certainly meant a out that there is practically ne keeping procedure rather than a factor in copper. widespread use in more than 200 limit to where we can go to fish distribution
Yet it is international waters."
Aluminium and steel
supplies Industrial processes,
He said:
at present less plentiful than would
seen that many of these are of minor importance to the "We do not have to cross copper but an improvement to in
any essential. equators or occans, like the basle production of ant
prospect early next year.
National Production In many cases alginates modify Japanese, the Italians of Nor
unnounced that the characteristics
the end wegians, to get our share of the Action
curbs will bc product but do not play a major world's crop of fish. Some of
"substantially relaxed" before part in achieving it. And the the international shing grounds
April 1, 1953. The two-year-old used ig are surprisingly close to our quanlity of alginate
construction home ports."
bon
amuse- generally very small.
facilities such as cinemas He cited the Spratley ashing and race tracks will be lifted, FOR DECORATION
the Scarborough and race An interesting use of seaweed grounds and
in the small but Reefs in the South China Seu and apartment house builders can be seen
be permitted to obtain 6715-68
which has and the tuna fishing grounds of will growing industry
and Macassar materials
limited amounts of the critichi 6324-044 started in the South of England, the Celebes Sca
without obinining Strait.-Associated Press. off the Thames Estuary.
advance NPA permission. sand- -coloured weed is found in
Builders could this area which after treatment
steel, copper is dyed green. Much of this is
now for use after April 1, the exported to Canada and the U.S.A. where it is used as decoration by
and
Singapore, Sept. 2. Prices of rubber futures closed today as follows:-
Number 1 rubber, per lb.
October
781%-4
November
7014-70
December
7822-70
Number 3 rubber,
September
72!2-73
Number rubber.
September
Number 4 rubber,
September
Spot rubber, unbaled
:
Blanket crepe
(From Our Correspondant)'
Business done on the Stock Exchange this morning totalled $422,455. Noon quotations and the morning's transactions:-- SHARES BUYERS SELLERS BALE BANKS
..... 767! 77215
00-51
70-783% No. I pale crepealed Press. 90-104
NEW YORK MARKET
September
October
November
December
Cannda England
oMelal unofficial
2.7814
251bl0/2.34 anked
30-day futures
2.7735
Po-day futures
2.7572
Australia
24.2314
New Zealand
2,773
South Africa
2.707
Belgium
0129%
Denmark
France
002284
West Germany
2385
HK Bank
.. 1438 East Aala ...
345
286 1435
Holland
INSURANCES
Italy.
00107
Union
.1403
Portugal
,0350
SHIPPING
Spain
Asla Nav
Sweden
.. 1.00
Switzerland
DOCKS, ETC.
Middle East
Argentina
7023
X. Wharf...
00
N. P. Wharf 85 63
Brazil
Dock ..... 10.00 10.5
Dolivia
Provident 33.20
1000 13.30
Chile
S'hal Dock. 143
.4025
Wheelock ...
45
100 @ 43
1104
LAND, FTC.
September October November Spot
0055
4700
HK Hotel..
6.45 0.05 2300 € 0.50
27.75 United Press.
IIK Land
3005
(01
60
51 300 @ 5011⁄2
(N)
100 401
.2000
Colombia
Cuba Mexico Peru Uruguay Venezuala Far East India
Pakistan
Hongkong Indonesia Singapore
Japan
3028
1700
,0000
אבר
300 yen to US$ 1
-United Pre89.
LONDON TIN
MARKET
London, Sept. 2. The fin market was firm this morning. Turnover was 75 tons of which 35 tons were for cash. Prices closed at the end of the omein morning session ad fol-
Jaws
Soot tin. buyers
Bpot in, ilers
Rusiness done al
93015 DOG DEG-04019
The notitis. in. buyers D Tirree monilius tin, pellers 01 Tunes dona al
Betement
040-04755
300
.....
S'ha Land
Humphreys
UTILITIES
Trom XD Peak Tram
(0)
1% 1.33 17.20
.. 10.79
1000 € 18.50
30
(N)
=2
Star Ferry
C. Light (01
0.05 2060 9
C. Light (N) 0.10 6.15
Flectric XD . 215 Macao Elec. 10.10 Telephona .. 171
INDUSTRIALS
January 11953)
February
March
April
May June
July
August
20.00 bid
24.65 bld 24.58 nominal
of
Ресог
Grain Prices Improve
from free the market for proved in fractions to over i
were
are
The
on
start
and l
NPA said. The Agency added that at a meeting with the
1.
some
To
alonija, Pijakarta,' altxapore. Manji- Kinh,, 9. strica 44. §. America
Japan
Suigubose,
Bjakarta. Hematanz
"Borabaía a "Niseuskar Aingapore, Djakarta Palembang
Leiawan Dali
P.I. Ponts, Kingspore. 1. & R. Africa Singapore. Jakarin, Semarang.
Surabala & "Markaar
Djakarta, ** "Bengriją,
NATAR
Singapore,
Surabala
Djakatia, Semarang,
Kurabala & Machesne
Manila, Hingapore B. & 8. Afektą
Blandis, Biggsonze, Mauritius,
Africa 20 9. "America
Japan
Зарап
Djakarta, Bemar Bṣiṭaḥala
61-
Singapore.
Jakarta.
Burabala & Macassar
Japan
H.
***
Hemarang,
Singapore, Djakarta, Semarang,
Hurápala"&" Macassar
Singapore, Penang A' Belawan Dell Jan
Alňgapore. Hauritius, 8. Afilea, &
Ameplea
Manila, Singapore, 8. Afelen, &. 8.
Anjertes
ARRIVALS
Japan
From
8. America, 8. Africa, Mauritius,
Singapore & a Indonesian L'orts
Rept
Hepi.
*
Rept. 9 Bept. 12
Sept. 16
Japan
Mreaixar, Kurahata,
Djakaria & Alngapore
KING'S BUILDING, Ground Floor,
Semarang,
TEL. 28016/18,
CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31186, 25133
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BORTON, BALTIMORE & PHILADELPHIA VÍS SAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT SAILINGS
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK”
M.S. "NICOLINE MAERSK"
Sept 4. Sept. 15
Oct. 2
* Also accepting cargo for Portland
ARRIVALS FROM U.S.A..
M.S. "ANNA MAERSK”
M.S. "OLUF MAERSK"
M.S. "LEXA MAERSK"
Sept. 10 Sept. 22
Oct.
2
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos. 86060-9.
Dates and rotation subject to change without notice.
Easier Credits To
Encourage Rural Industry In
P.I.'
Manila, Sept. 2.
Easier credit to encourage rural industry and business and minimise social unrest is being made available to the Philippine rural population. The Central Bank is implementing Republic Act 720 which provides for the establishment of small banks in the countryside.
This Act was enacted by the Philippine Congress during His last regular session.
The banks will extend credit Cotton Price
ter.
terms
Improves
Now York, Sept. 2 Cotton futures clienbed as much record as $3.10 a bate in active trading charac-influenced by lower crop est-
mates following mus crop weather nows: Cotton Corpus
loans futures opened 4 to 19 points higher and climbed steadily
unfavourable
2.3011-2.31 per, NPA Calef Henry Fowler and credit, department, reported thereafter except for one or two
25334-14 2.4312
a stockpit
New York, Sept. 2.
construction industry on Octo- Prices of rubber futures closed milliners. It has been estimated
ber 2D It will discuss the posto small landowners on casy, sales are around today 30 points higher with sales that
$14m. 6
sibility of putting the new re- tolerable
with less totalling 10 contracts. The
One company,
gulations in
bafore onerous and right effect
guarantees market was dull but was steadied year.
April 1 Chicago, Sept. 2..
those of the compared with by small consumer demand for (Essex), Ltd., operates ien
addition to which it buys the Chicago grains were sillstan
omcial
recognition of the standard commercial bank Prices closed nearby rubber.
weed today as follows:-
shermen. tially higher today. Grains im Improving copper and aluminium quirements.
Physical guarantees will be is evident in the NPA 29.30 bid Decor feels that 23.54 nominal his "everlasting greenery"
is cent on demand from export moving both these metals from de-emphasized in favour of the
a category where borrower's production 27.97 nominal far from exhausted. Of lesser Interests
and on steady cash critical" to 27.30
in approximate and potential and his 3600 nominal importance is the use of seaweed markets. Wheat closed to "supply
in its 25.07 nominal as a fertiliser (mainly by farms 19% higher and soybeans
balance with demand"
400 materials 26.39 bid
und a range of 25% to 4 higher. Prices closed latest list
Director R. Marino 25.15 nominal near the sea)
Bank's to their relatly of the Central other minor chemicals has been today as follows:- 2482 nominal extracted.
Warstile për burhel
The outlook for
cncouraging response to domestic
this furries of profit-taking seaweed .....
end Existing
September
that rated defence programme. said 23.45 nominal Bupplies are sufficient to meet December
finished at the day's best levels. He said there were 12 ap- needs are met, and barring un- present demand conditions and Merc
Prices at the close were 20 to 62 in-plications to establish
rural some expansion; May..
Corn
expected to provide for
New Orleans luding the
full banks and 300 inquiries in the points higher." most important sources for the Epot
closed 45 to 50 points higher, are Scotland December. September
allotments for niast civilian space of one months. alginate Industry
needs from combined foreign ADDITIONAL AM Eire, where the weed
"There was an early rush of combines programme and domestic sources are May storms!
trade and commission house on the beach by winter to March
as the private enterprise with generous carly possibility the collected by
crofters and Spot
Short covering was the buying." Government assistance In
banks active. The new crop move- Mr Fowler sold that the steet sense that while rural portant
espect spoj socipipalcal
sums pald September that the substantial
Het sitike had resulted in a delay in will have to be established by ment has not yet reached a sub- A further New York flour per 200 J, Sack.
constructing
aluminium private capitalists, the Govern- stantial proportion. new. coch year lo Scotish and Irish
Rehabilita rise in cotton may touch off ment through the $12.10-Urifted crpiters far seaweed is a valu-
plants which loss in production on Finance Corporation is other buying movement in cotton together with a recent decisions able addition to their otherwise
alu- prepared to supplement private goods, mengre Cornings.
Investment peso for peso, to resume stockpiling minium In September. that plumlulum
become Business was done in the local
exchange market the increasingly pificial
"at" u clan E BERPANA U.S. doljar (per 41) and pro- morning at the following rates:
gastower rate than heretofore ex cessed immediately, and these sterling gotck(ver £11 15.95 pected." by January, 1031, Mr methods have abylous economie Indonesia ufidera per 100)..
LUBY
3110 Fowler
gold
Alumihkura Pshould advantages. The American pre-glam Lical (per 100)
19.14 be in quite easy supply. ference for prepared "ready to singapore (firaits)
||FIC plastres (per 199).
11.439
Reyter. Berve" foods has been a major
and
New York Suga aried. The industry has an im- Begembir
Futures
New York, Sept. 2. World sugar futures closed today 1 higher to $ lower with sales totalling 23 contracts.
Contract No. 8 closed 1 to 2 lower with salca totailing 54 cantracts
1400
1000 0.10
"Contract No. 4 (world) September 5500 10.3 1000 17.30 October 2000 174 Jazuary (1833)
expired
4.04
3.80
зда
Art
USE OF ALGINATES In the United
United States, the weed. can be harvested "wet" from barges in California
Es nominal factor in building up a sizeable
3,89 nominal | ZACHO
Exchange Rates
381 nominal pigiunto industry in that country. JAPANESE BONDS
March MAY July 170October
Janjary (1954)
A great deal of work, is being done Spot
to And now uses; in the
Japanew bands Contract No.
mbre than likely event of a large seple use of alghates being disea 8.50 bid
jugu ide, of 1907 B.ed nominat: covered, new large-scale harvest-
(5% af 1034)
Dement 17.20 17.40 100 12 Beptember
200 Rope. 19.40 10.00 STORES, ETC.
17.20 2600 – 19.20 Dairy Watson 11.7027.40 1090 37.80 November L. Crawford": 28 COTTONS
Elwo MISCHTAAN DOUS
Xangleze. XD: $.09.
March
MAY July September Spot.
4.50
London, Sept. 2.
B0
0.07 naminti ing, techniques will have to be 2-19 (5% of 1930).
5.74
devised to replace the present Consola ted Press, horse and cost method,
DB
second Harter of 1053,"
of
Copra Quotation
a
A
Tho
an-
Additional Government aid A private Southern crop sur- niso la offered in the form of vey estimated today that the 1952 technical assistance, exemplion crop at 14,344,000 bales, com- from all kinds of taxes and re-pared with an official August discounting facilities with the estimate of 14.730,000 bales. Central Bank.
Private advices reported a hand Government officials and civic blowing rain in the Carolinas leaders aro unanimous In
the week-end. opinion that 'n rural bank is continuing project whose effects Prices closed today as fol will radiate toward every aspect low of community life.
the
over
pot
Easy credit whit enable farmer to im New York, Sept. 2.
Improve his produc-October
December Copro he quoted today...nt tion which in turn will increasearch 3 $135.00. nce short ton, nominal, hip purchasing power, make May Coceanut oil waa;, quoted at him a better consumer and nutr
October eltizen Associated 9 centa a pound, asked heiter
| December Prewar United Press Re
Pros
40.40
30.35-39,30
20,30
30.14 nominal
United Press.