MESSAGERIES
M
MARITIMES
Arriving
LARVing
20
qet. 22
.....Nov, 14
Not. 19
"SAINT MARÇOUF” ....Oct "PEI DO"
+"GRENOBLE"
+"FALAISE
M
Outward For
Зарад
- Japan
Homeward For
.Oct. 11 Del. 11
Nov. Nov. 1
* Nov, 0
1. Africa & Europe
2. Africa Muropa
Marvelllen via saigon
*"FELIX ROUSSEL" .... Nov. •
For passenger and freight.
1 For freight to Salgon, Algiers, Oran, Tangler, Casablanca,
Havre, Dunkirk, Antwerp & Rotterdam.
• Accepting cargo:
-via Marseilles to all Mediterranean & West Africa Ports.
-vis Djibouti to Madagascar,
Subject To Change Withons Notice,
CIE DES MESSAGERIES maritimeS
Queen's Building (gr. floor)
P.O. Box 53, Hongkong
Tel. 20651 (3 lines).
LINES
EVERETT
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.
"LENEVERETT”
Arrives Salis
Oct, 23 from Manila,
Singapore, Oct, 24 for
&
"REBEVERETT"
Arrives Salla
Rangoon
Nov. 7 from Singapore.
Kobe for
Penang, Calcutta.
Yokohama,
Nov. 8 (Accepting cargo for transhipment Kobe/Puran and Kobe/Okinawa)
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Slam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.
FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR BETELGEUSE"
In Port
Balls
Loading
Oct. 10 for Singapore, Port Swottenham, Madras, Colombo, Bombay, Karachi, Kharramshahr, Basrah Bahrein,
M.S. "NORDSTJERNAN”
Arrives Sally
Oct. 24 from Singapore. Oct. 25 for Kobo & Yokohama.
(Accepting cargo for transhipment Hobo/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION SĨA Queen's Building, Tolophano 31206. Chinese Department: Telophone 28293,
Cotton Countries
In
Middle East
Raise Output
To Raise
Washington, Oct. 9. Four cotton countries in the Middle East-Turkey. Syria, Iraq and Iran-may eventually increase their output to 10 times the pre-war level, the National Cotton Council reports.
էլ
The Council's Foreign Trade Division Director, Read P. Dunn Jr., estimated production for the area may reach 6,000,000 bales of 500 pounds annually.
bales,
His estimate followed a survey; Byria -Production has been
to 207,000 But, he increased of the four nations. said, it may take a number of seven times the pre-war average, but the goal of 1,000,000 bales hefore such a
Coal Is
is not in sight at prosent,
Iraq-Higher production than Current production in the area Syria's is possible with a long- is around 1,200,000 bales, which range goal of 1,200,000 bates.
years reached.
1s double the pre-war rate, Out-Present production, is only 50,-
put in 1953 is expected to be 'higher.
000 bales a year;
Iran-Despite vast potential ties, Mr Dunn says, prospects Mr Dunn says the two chiot for increased production are not Imitations to the increase are bright. Iranians hope to triple Tuck of capital and lack of present output of 125,000 bales additional annually "know-how" but that both are rapidly being overcome. About irrigation-Associated Press.
and-half of the 250,000,000 acres
in the area suitable for cultiva-
while
ilon are now in use, extensive use of the remainder will depend on irrigation,
Me Dunn's findings by coun- tries included:
without
LONDON TIN MARKET
London, Oct; 0. The tin market was firm this
Turkey-Fur shead of other morning. Tumover was 150 tons, countries in the Middle East in including 40 tons for rush, Prices production, resarch, education, closed as the ond of the offalel mechanisation, Insect contro3, morning session as followE-
and so of fatm organisation, land. Turkey plans to increase Spat tin, buyers production to between 710,006 Bik in, callers
Musiposa dong at
0714%
272
and 800,000 bales by 1933. A Three-monthe tins, Elyers 9071 goal of 2,000,000 bales annually Three-months sin, sellers. B011 keems possible but is at least 10 Businesas dono at
Beltiement ».1
JAREN - AWAY.
072
Faišed Rīters.
THE CHINA MAIL, FRIDAY, OCTOBER 10, 1952.
Japan-Australia World Production Of ROYAL INTEROCEAN LINES
Ship Service
Melbourne. Oct. 5,
The Australian radio re- ported today that three Japanese ships will run a regular Bervice between Japan and Australia before the end of the year.
The ar or those ships arrived in Melbourne to. day-France-Presse,
Malaya Wages Dispute
Vegetable Oil Now At Highest Level
London, Oct. 9.
The world is today producing more vegetable oil than ever before. It is being commissioned by the food and soap-making industries, used in the manufacture of paints, varnishes, lubricants and a host of other
trades.
A report of 146 pages, published by the Commonwealth Economic Committee, reviews its world-wide production and usage.
Entitled "Vegetable Oils and Oilseeds, 1952," the report points out that, taking into account the 10 per cent increase in world population, the overall supply of all types of oils and fats per person is still slightly below the pre-war level.
is because the supply of At least 30 different specles of Talks With Unionsimal fats has not risen com-trees and plants have been used
Break Down
mensurately population.
with the world's for the commercial production of fixed and fatty oils. Others, such as Nigeria's camphor tree, ara known to conlain oil, but this has not yet been extracted-com- mercially.
Prices of oilseed crops, which
Singapore, Oct. 9. Malaya faces the possi-ched high levels in 1951. bility of labour troubles have since fallen to levels at or following the drop in the below those before the Korean
crisis, the report notes. The con- price of rubber. tinuous decline has caused employers to seek ways and means of economising, In- cluding reductions in wages.
The wages
of 300,000 estate workers in Malaya, by an agree- ment between the trade unions and employers, are subject to the variations in rubber prices. These wages are reviewed every three months.
cent
The net suppiles of vegetable oils and oilseeds entering world during 1951 totalled trade
equivalent. 3,000,000 tons in oil This was two per cent greater than in 1950 and 17 per greater than in 1949.
Although the 1951 Agure was in per cent below the 1034- supplies to im- average. the
than porting countries, other the United States,
well above pre-war. The nine per cent drop was partly due to the de- United eline in imports by the States, whose home production of oliseeds has recently consider ably increased.
THREE
GROUPS.
BUXTON'S
CLEAR
MESSAGE
"TEGELORRON "TJISADANE” *THLUWAR“
“THIBODAS"
"STRAAT
MALAKKA VAN NEUTAZ"
*TABMAN"
Oct.
MAILINGI
Oct, 14 vel. 14
Japan
Singapore. DJakarta.
Hematog
Hurabile & Massar Djakaris, Remarang, Bahala
Macanes
Oct. 18
Oct. 21
Japan
Ort,
Japan
Uck
“MARTBUYCKER“ Det,
"AUTO" "TJIWANOJ"
MALAKKA
**JILUWAR*
"TROELDERO” "VAN HIZUTSZ"
"KJITJALENGKA"
"EJIWANDI
རྨུ་ z-- བ་
འལ བ་
Bjakart Rematang. --Suradala a
Machsaar Sibghpore, Djakarta & Fremantle Japats
Singapore, bjakarta.
Surabala & Macassar
Japan
Bemarang.
Bingapore, Mauritius, H. Afries, ♣
B. America
- Djakarta, Bemarang Aurahala
Масалан
Manila, Einwan Dell, Ringsport
E. & §. Africa
SIDgapore, Djakarta, Bemarang,
"surabala a Macassar
Djakarta, Bemaran, Burabala
Macature
Djakaria,
"Būrabala & "Miramar
Not
Nor.
PIJIPANAS" PĖJISADANE”
"TJIPONDOK"
FETRAAT
Nov.
Nov.
NOT.
Nov. 10
Nor.
Nov.
Japan
NOT.
Dec.
1
Japan
B.
Bingapore,
"TIKAMPEK"
Ось
9
"TEGELBELG❤
Dec.
"ATIAAT SOENDA" Det. 10
"RJULUWAK"
Dea
10
"TIRODAS"
Dec.
STACKS
"DOISSEVAIN” "TJIWANGI" "TJĦANTJET"-
Dec. 20
Зарда
Jan. 2
**TJÍLUWAII**
"STRAAT
Jan. 攣 Jan. 便
10 200
Japan
MAKASSAN".
Job.
t
the "Economist” On The "nuys"
Cotton Talks
London, Oct. 8. The one clear message
But of the 30, only seven are Important from the viewpoint of International trade, and
per cent of the account for 90 total. They are cocoanut, palm kernel, groundnut, linseed, soya and cottonseed pits. The remaining 10 per cent is represented by rapeseed, sesame, sunflower, olive, caster and tung that came from Buxton was olls. They can be classified into that international compoti- TEGELBERG” three main groups.
The edible
tion in cotton will grow | "TJIBODAS" of:
soya keener, says "The EcoRD- "TISADANE" consiste
cottonseed, sunflower, mial" in a review of the "VAN HEUT82" bean, Increased
recent International Cotton | "TASMAN". sesame and olive oils.
The
edible-industrial group Textile
Con palm kernel and coconut palm. olls, used both for margarine and ference, sonp manufacture.
When the price of rubber was high in 1951, wages accordingly in accordance with the agreement but now, under the same rule, they should be were cut reduced and indeed between five and 10 por cent in July.
Now the estate owners have demand for presented # now
to the unlan con wage cuts cerned the Estate Workers' Union-but this has been flatly rejected and negotiations have broken down. The Government has not been asked to arbitrate In the matter.
The Union's standpoint aris09 from the fact that the fall in the rubber prico
did not coincide with a similar declino in the cost of essential commodities.
INFLATION FACTOR
were
The Commonwealth now ac- counts for over one-Afth of
world production, the same as
pre-war.
MAY IMPROVE
which
The industrial group: linseed, rapeseed, tung and castor oils, used mainly
as drying agents and lubricants."
DUTTER STATISTICS ·
The review makes some in- teresting points:
Industry
con-
The individual countries' ex- pected shares in world trade in 1959 Ats oddly with the ference's own judgment that there is not enough trade to keep all the mills fully employ- ed, it comments.
If the countries concerned be-
It supplies, however, about 30 per cent of the all-seeds and olis entering International trade. In 1951, though, this Agure dropped to 27 per cent, que mainly to the temporary fall in shipments Americans consume even less leve their own #gures, they of groundnuts from Nigeria. butter than the two-ounce a week must be prepared either for While, pre-war, the Common-official ration in Britain. For incompetition fiercer than has wealth and a trading surplus the United States butter con-, ever been known before, or they in off and oilseed, chiefly in sumption has fallen from a pre-must rest their hopes upon an
copra and groundnuts,
palm war kernels, the Commonwealth has a level of 18.7 lbs. to about in expanding world demand.
lbs, per head of the
Textile manufacturers can do been a net importer post-war per year.
every
ery nothing to increase In Britain pulation
worldwide particularly of linseed, sunflower, cllizen is cating 14.5 lbs a year. purchasing power, Tho soya bean and cottonseed.
This works out at more than Economia?" says, so the effec~ This year, though, an improve four ounces week, but presum-tive conclusion of the conference
In the
Commonwealth ably covers
butter enten in turns on what they are prov The first factor arising from balance is expected. Nigerian canteen and restaurant meals. pared to do towards lowering this situation is the tremendous shipments are above last year's, Canadians are the top butter their costa.
which has while restrictions monetary inflation
on purchases esters, with
consumed At every 23.6 1be
stage," the paper engulfed Malaya due to the tre- from dollar areas are coming by every person each your.
soys, "there is scope for alg monious 8-8109 of Maloyan into effect.
Nearly all the groundnuts im- alficant improvement in costs rubber and tin In 1951; the
Chief Commonwealth exporting ported into the United Kingdom which, in total, might well Jus- effect of this
from Nigeria, come will be lasting countries, apart
from Commonwealth tity reductions in final All essential goods have to be include India, Ceylon, Malaya, sources. Since 1946, when India tall prices sufficient to promote
the international
New Guinea and Papua and was the chief supplier, Nigerin increased consumption." other British Pacific Islands, East ed ht a high level by the rice-Africa, Sierra Leone and the producing countries
Gambia. All have developed Thailand.
their allseed industry since the A large part of their exports is bought by Britain.
of rice has been maintain-
such 15
Therefore the cast of living in high Malaya is still extremely and no wage cul acoms possible.
A second point is that the trade -unions think that thepresent rubber selling price of about 70 cents (Straits) per pound still gives the estate owners a hand- some profit. The average cost of production is somewhere between 45-65 cents per pound.
mont
war,
MAJOR DEVELOPMENT Canada and Australia are other major buyers: South Africa's Im- porte, though, have fallen as a result of the increase in her own production, chiefly of groundnuts and sunflowers.
A major development in inter- The third factor is a psycho-national trade has been the in- logical one. No.union Irailer enn
creased proportion shipped in the expect to enjoy the confidence form of oil as opposed to seed. and support of his union mem- This is due to the expansion
plants in some of the
bers, if he agrees cheerfully to crushing countries, including;
succcasive wage cuis,
Trade Unions in Malaya have, Canada, South Africa, India, up to now, escaped the grasp of Pakistan and Fiji Communism considered
World
re-
and the Gambla have supplied nearly all U. K. requirements.
*
Djakarta Semarang)
MACKISHE
黏
Hemarang,
Gurabala 4.
Manila, Singapore, Mauritium,
Africa 6. America
Manila, Singapore à B. Atrien Bingapore, Djakarta, Semar DE,
Surabala & Miscautar
Djakarta,
Semarang.
Sorabala
a
Singapore, DJakarta, Semarang.
Butabale "Macassar
Manila Singapore. Mauritius,
8. Affles & 1. Amerien Singapore, DJakarta, Remarang,
Burakala 4 StacżsiaE
Japan
ARRIVAL B
Det. 10
Uch 15
Oel., 13
OCL 21.
Del. 21
From
America. B. Africa, Maurition, Singapore, Djakarta & Manlia
B.
Japan
Djakerte, Palembang, Belawan Dell &
singsparo
Diskarte, Somarang. Surabain,
MIECHNIAT & Singapore
Japan
KING'S BUILDING, Ground Floor.
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RÐ, Ó, TELA, 31190, 25133
MAERSK LINE
FABT FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. “ANNA MAERSK”. M.S. "LEXA MAERSK" M.S.
Oct. 16
Nov. 2
"LAURA MAERSK”
Nov. 15
te-
ARRIVALS FROM U.S.A.
M.S. "LAURA MAERSK” M.S. "LEISE MAERSK" M.S. "GRETE 'MAERSK”
Oct. 17
Nov. 2
Nov, 20
AGENTS:
LANCASHIRE'S TASK Turning to Lancashire's pro- The Ministry of Food hes, long- term agreements with Marketing Peots, "The Economist" says the now knows it British industry Boards in West Africa, and has contracted to
quarter from buy exportable can expect little surpluses of nuts from Nigeria, other competitors. the Gambia,
"It has been put on warning and Sierra Leone
that it cannot count exclusively until 1955-London. Express Service.
or indefinitely, on a protected markot within the Common- wealth.
HONGKONG
SHARE
MARKET
as the most healthy and free tained for seed and consumption (From Our Correspondent)
unions in the East.
But their
existence is relatively new and they are still fragile owing to their youth and the present in- ternational political situation.
It is feared that any big dis- content or lack of confidence in the trade union leaders would be a valuable weapon in the hands of the Communists who are over ready to grasp their opportunities.France-Presse.
Car Industry Makes Up
Business done
on the Stock
Exchange this morning amount-
It knows that it will find support outside this
little
country if it tries to exclude competitors such as Japan from equal competitive rights in the markets outside the Iron Cur
"Lancashire's task remains to reek greater efficiency, lower costs and ever, better qualities.
"A posture of self-defence or indifference will be fatal to its
For Freight and Further Particulars please apply to:-
J
JEBSEN & CO.
Pedder Building.
Tel. Nos, 36066-9.
Dates and rotation subject to change without notice,
Al Uberty to proceed via other porta to load/discharge cargo.
SELLING
PRESSURE
chances of recovery and pr* IN COTTON
sperity,"
ed to $107,134.76. Noon quota- New York Stock hy selling pressure
in the producer countries can be approximately estimated as: groundnuts 33-40 per cent; soya beans 35 per c cent; cultonseed 25 per cent; sesame 10-20 per cent; sunflower 10-15 per cent; rape- seed and linseed 10 per cent; SUARES BUYERS SELLERS SALES
cerit.
castor sood five Pethe sumated
In terms of all, world output of both field and tree oilseed crops in the 1050
was 10,546,000 1851 crop year,
above the tons or 11 per cent 1034-1938 average of 14,800,000 tons. The 1951-1952 crop will be still ligger, I in estimated. the 1050 -1951 totul, Commonwealth produced 3,588,- 060 as against 3,456,000 tons pre-war.
For Lost Time 12,357,000
ifon
Detroit, Oct. 0.
The nation's car makers are regaining much of the produc
volume lost during the ricel strike,
Some individual companies still are behind scheduled out- put, but the industry as a whole is almost abreast of allotted
volumo.
the
LESS COMPETITION The rest of the world produced as against 14,800,000 tons. The Commonwealth, which had a pre-war, trading surplus of 493,000 tons, had in 1951 a deficit of 187,000 tons.
tions and the morning's trans- actions:
BANKS
HK Bank East Asa
INSURANCES
Canton Unjon DOCKS, ETC. K. Whatt
1405 1420
-
110
0015
N. Pl. Wharf 0.70 0.00 Dock
***... 20.00
Provident
Provident
(RiB.)
2200 125 200
Exchange
New York, Oct. 9. After opening with fractional stock exchange prices Jumped again after Wednesday's sizable advances.
rains
Measured by the Dow Jones
Industrials were
42
averages, cents lower, rails 24 cents higher 1214 and utilities 18 lower, Rails rose
000 BOT 221⁄2
B'dal Dock. 1.00 Wheelock
LAND, ETC.
HK Hotel
in fractions to over 2. Chemi-
The Rubber
Markets
Singapore, Oct. 8. Prices of rubber futures closet Joday as follows:-- Number 1 rubber, per ib.
November December
January...
Number 2 rubber, November Number 3 rubber November Number 4 rubber, November Spot rubber, unbaled
anket crepe No. 1 pale crepa
03-03/ 07-102
United Pres NEW YORK MARKET
New York, Oct. 9. Colton futures experienced for the second consecutive session today influenced by the higher Govern- ment cotton crop, förceast issued on Wednesday,
Continued talk of agitation for a concerted movement
Now York, Oct. 9. among producers to withhold
Prices of rubber futures closed cotton for better prices failed
to 15 points to stem the selling in futures, today 10 fonver
moro imprested higher with sales totailing seven Traders were 10r the moment by the larger contracts. Prices closed today demand for export cotton so far October
smaller as follows:-- upply prospects, the
this season and the lull in cotton November
160 or 720 cats' gains ranged to nearly 2. 500 TEC Steels were mixed. Motors cased termed light except in early February
| Janonary" (1053)* ed. Foods sales. Hedge selling was December,
1720 @ 300 Dow Jones Averages:—
44 44% 300 @ 4412|30 industrinis
20 rulls 0.30 0.45 1000 e ata 15 utilities
40 bonde
HR Land (N) 48%
Shat Land
Humphwys 11.30
UTILITLES
200 @ 12.40
Tretm .... 10.00 20.10 1300 0.20 Star Ferry 104 Redent (O) 950 90
DAY 2330 213 500 @ 22.60 Mação EMO. 10.00 Telephone
-
1.01.20
270.00
dealing.
101.05
50.00
United Press.
Close:
$1,60, a bale lower than the pres | Juby 90.10 vlous close.
April Futures closed 05 cents to June
May
Augint
September
October
October
November
37.25
December
Брос
$7.00
37.36
25.44
13.54 nomini
14/27 nominaĂ
New York Sugar
World
Futures
Now York, Oct. 9. sugar futures closed
INDUSTRIALS
Cement. STRO 500 17.60 unchanged to 3 points lower
STORES, ETCY
Room
Dalry
10.30-19.00
with sales totalling 17.contracta, 10.30 10.40 100 100 Contract No. & closed 1. lower 000 19:40 to 1 higher with notes totalling 500 @ 10.30 184 contracts.
27.20
Xwo
13 37.20
Among those to, have stepped up their surplus are the Fhilip- pine Islands with 535,000 as ngainst 338,000 tons pre-war and 200,000 as Belgian Congo with against 97,000 tons. Argentina's surplus, however, has dropped from 487,000 to 435,000 tons and Quntas assigned to the IndusIndonesin from 515,000 to 460,000 try by the National Production tons. The United States, which Authority called for the produc imported 321,000 tons pre-war,TONS
lon this year of 4,950,000 Imported only 7,000 in 1951. passenger cera. There is a good
Vegetable, olls in post-war will be
years have met with less com- Jcalisod
petition chance that the total
than before the More than 3,000,000 of the
Authorised, output of cars | for instance, is now being ready has been, achieved. wunod than over with the result
·Elusiness" "Was debe in the local Contract No. 6 Steel appears to be coming that less butter is being produced.
unamelst exchange market, this November On the other hand torch moming at the following raters-at. March through in quantity sufficient to asure high-level assembly line into the manufacture of synthetic anlar (per 41) ***.2420 May *** 16.83 | July fats, mainly from Sterling note (per 21) Foperations by most of the higher- olls and
Indonesian guliders (per 100) 25.09 September volume producers throughout. petroleum products, has shown sim ticais (per 100).
1630 October the possibility of their substitut - Blogspora‹ (Biralis) the current fourth quarter-
1821 | Spot. 11.170 Associated Press.
tion for natural products, FIS plustres (per 100),
war
December March
May July
October December
March
Middling spot
26.00 nomina!
2488
2040. 23.01 nominal
24.03 25.20 21
25.27 nominai 24.00 bid 24.32 zominat
206.40
20.00
"Ualled Prem.
LONDON MARKET
a
London, Oct 9. Prices of rubber futures closed
30.33 nominal today as follows:
---Associated Press.
NEW ORLEANS MARKET-.
| Number 4 rubber,, în perioo
per ib.
November
December
New Orleans, Oct. 9. Fortuary/Marets. Cotton futures declined in Apes/ne... New Orleans today under long Jury/September liquidation and hedge selling. Closing prices were steady $1.60 and $75 a bale lower.
Contract No. 4 (world) January March Max July Beptember.
January Spot
4.00 nominal
5.78 bīd 1.00
5.81.bla
KAT
3.81 bid
180 animal
4.00
Clon
October December
6.00
from animal fats. Moro milk, Exchange Rates October
حدة
0.30 bin
BLESS A
0.60 nominal
0.47 Nominat
0.10
-United Pross
March
May.
July
--United
JAPANESE BONDS
London, Oct. 9.
Japanese bonda “,
of 1809) 86
"13" (40.
27.30 bia
of.1910) of 1007) 138
・グラ
"Spól cotton closet steady $1.50D (D~of 1934):162 a bale lower.
"E" (5340. of: 1030) 35216
Middling
**Associated Press.
Consola
00%
----Uniteti Press.