THE CHINA MAIL, WEDNESDAY, DECEMBER 31, 1952.
Page 9-7
MARITIMES Effect Of Commodity Price ROYAL INTEROCEAN LINES
MESSAGERIES M
Arriving Leaving
"FRY-HILL”
"MONKAY"
+"BREST"
Jan. 24
Jan, 23
Kerist Jan. Jan. 7 Kauschtung Jan. * Jan. Hongkong Jan. Jan, D
..Kob. 9 Feb. 10 7.6. 15
***LA MARSEILLAISE" Vob. 12
·
For passenger and freight.
#
M
Outward For
Горад
Homeward For
N. Africa & Europe
N. Africa & Europe Afarcollies via Manila
For freight to Salgen, Marselles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Acceping cargo:
-via Marseilles to all Mediterranean & West Africa Ports. -vla Djibouti to Madagascar.
4
Subject To Change Without Notley.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 26661 (3 lines).
LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT"
In Port
Salk
Loading
Dec. 31 for
"LENEVERETT"
Årrives Soils,
Kobe & Yokohama.
Jan. 14 from Manila. Jun. 15 for
Penang,
Singapore, Rangoon & Calcutta.
(Accepting cargo for transhipment Kobe/Pawan and Kebe/Okloanwa)
· EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
M. S. "STÅR ARCTURUS“
Arrives Salls
Jan. 8 from Japan. Jan. 9. for Singapore, Part Swellen- ham, Madras, Colombo, Bombay Karachi, Kharram silagrah & Bahrelli,
M.S. "STAR BETELGEUSE”
Arrives
Salts
Jan, 22 from Japan,
F
Jan. 23 for Singapore, Port Swetten- ham, Madras, Colombo, Bombay, Karachii, Kharrait- shahr, Basrah & Bahrein,
(Accepting cargo for transhipment
Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION 5/A Queen's Building, Telephone 31206. Chineso Department: Telophone 28293:
RECORD YEAR
FOR
Another record for rubber.
RUBBER?
New York, Dec. 30.
to be in prospect year appears Total sales of rubber products produced in the United States in 1952 were estimated at a record $5.5 billion, while consumption of rubber climbed to about 1,250,000 long tons.
We
Sales for 1953 are forecast at, danger that before long around $5.7 billion, with con- may find ourselves in another sumption rising some five per rubber shortage."
1.3 cent,
approximately to million tons. That would be a new record
Mr Firestone said preds natural rubber may, be kept in
1940 consum ure and double line through synthetic output.
which
placed at 650,000 tons.
in
was
These predictions were made by year-end statements . Harvey S. Firestone Jr., Chair
Firestone Tyre and man.of Rubber Co., P. W. Litchfield, Chairman of Goodyear Tyco and Rubber Co., and H. E. Humphreys Jr., President or United States Rubber Co.
reen
"Our ability to produce ample quantities of synthetic rubber should, barring unfore
developments irs the rubber-producing areas of the Far East, exert a strong in- fluence in keeping the price of the natural product at a reason- able level," he said.
creased
Brighter Changes On Sterling
Area's Payments
B.I.F. Planned
London, Dee. ao. Overseas buyers coming to England for the British Industries Fair next April will see Britain's full range of industrial products ex- hiblied under the most at-
tractive conditions attempt-
ed so far.
The organisers are arranging
special Coronation year decorn- tions which will help to rolleve
the severity of machinery, tools and appliances of every descrip- tion.
(By Ronald Boxall)
1
London, Dec. 30,
The post Korean rise of commodity prices, and their subsequent fall, was one of the chief factors in the alarming deterioration that tools place. last year in the Sterling Area's payments position.
The high incomes resulting from the rise of prices for many Sterling commodities engendered in primary producing countries a strong demand for imports.
And this demand continued unabated even the Korean boorn.
**SIWANCH”
*JIDODARTM*
"WAN HEUTIZ”
PÁSMAN" "TŠILUWAN"
SAILINGS
(att. 1.
Jih. 3
Jan,
Jan, 20
Jan. 15 24. 14
~TSITJALENGKA“ Jan. 21
ACASSIAN" "BOIMIEVAIN" "STRAAT
MAKAKBAN¢ *TAIKASIPER**
***JILUWAIT"
baku,
Singapore,
Butabala & Marasine Kranja,
Raitzitie, B. Africa & B. Amarka Jakarta
Писалар
Singapore, Penang, Belawan, 29612,
Rennlon Dr. E. Aftlen Ringapore. Panung & firlawAB DAB Bingapore, Djakne,
Barabala & Murssist
-Kingapore, Dinkarta Maurita
"5, Afjica & 8. Austies Djakarta Menarang, döräkala
Macassar
Барад
Singapore, Dinkatia,
Huradila & Megastar
Japan
"TLIPONDOR"
Jan. #
**EJIDANTJET*
Jan.
2.1
"TJIWANGI"
Tab.
2
Feb
Tel.
Здрать
+1. Feb. *
Janin
Feb. 15
"TILMENTENG"
"EGISIEVAIN”
Feb. 10
Feb. 22
Fib, 21
TASMAN *STRAAT SORNIA" PED. 24
TJIYANGr"
23
RINT.
"TJIBODAN"
SIMT.
STAUBATANE"
hfar. $
"TJILUWAH"
Mar-
18
TASMAN "STRAAT
МАКАЯЯАП"
TJIWANGI“
Mar. - 22
Apr.
"THIDANTJET“ when prices slumped after ›
Thus, The result, for most Sterling
action, by collective Commonwealth countries, was a the Commonwealth will try to Twenty foot high tubular sudden transformation in their preventa repetition of the serlous situation that aroće as a external payments position from steel towers currying pennants and Bags will be paced through one of healthy surplus to well-result of the post-Korcan cum- the
nigh disastrous defelt: buildings and rounds of the Fair site
don Express Service. at Birmingham,
And for the Sterling Aren, as and through the vast exhibla whole, it me
It meant an
enormous Hons halls at Earls Court and decline In the gold reserves,
Sugar Refining
modity boom and Hump-Lon-Flourishing In
Olympia in London. Exhibitors which continued during the first LAND PLAN
are also planning to link their individual displays with the Ceronation theme. The Fair opens on April 27 and closes on May 8.
Buyers from The United South States, the Continent, Amerien and all Commonwealth countries have afrendly accepted invitations to attend.
LATEST GOODS
in- Eighty different British custries will be exhibited to more than 16,000 buyers from about RS countries.
Twelve hundred Arms alone will have their intest
goods on show
heavier three
industrial sections engineering, electrical and building and in the hard- ware
the
in
phaalsip: Many will be en-
their determination to step up producon, lower prices and cut delivery times.
to
quarter of Wils year,
The decline in the" gold re- serves has been halted And reversed, but the experience left the Sterling Area in a severely weakened stato,
IN
CEYLON
A return to orthodox monetary PROPOSED
policies and strict control of imports helped to avert the dis- aster that seemed inevitable less ༥ཆ་ལམས་ than a year ago.
But these measures, by them- selves, cannot prevent are petition of the extreme price fluctuations that louched off last year's crisis.
AGREEMENT NEEDED
What is needed now, as the Commonwealth Prime Ministers acknowledged carly in their London economie conference, is some form of agreement-pre- ferably on an international basis to ensure a measure of stability in commodity prices.
way
Colombo, Dec; 30. A large European mercanille firm in Colombo has applied to the Government of Ceylon for the lease of 10,000 acres jungie land in the dry zone of the island for the cultivation of paddy and other
crops,
ok
on
Several other private organisa- tions have also expressed a de- sire to contribute to the produc-. tion of food it Crown land is
avaliable to them made favourable terms,
The European firm has pointed out that if the Government cedes to its request, they ready to float a company with a capital of over Rs. 5,000,000 to
10-
Bro
World-wide campaigns publicise the B.L.F. have helped to increase buyers' attendance three-fold since the war, The average before the war was Sterling and dolar commodity develop the land and grow food 5,000 overscus buyers; the post-prices have moved since the out-crops, war figure is 10,000.
A comparison of the
break of war in Koren throws Applications from private or-
extra stant on dollar markets, leaders.
In recent years, overseas interesting light on the problem promotion has been given on that faced the Connectinganisations for Crown land to Krow good crops have been prompted by the recommendation of the World Bank. Mission which, In its report recently, urged that the active participation of private enterprise may help the Govern- ment in its food production cam- paign.--United Press.
Titis has substantially raised The following table showa the attendance of North Amerl how the prices of the Sterling can buyers. This year again," Area's main dollar-earning com- special campaigns have been modities rose after the outbreak developed in the United States of war in Kores and declined and, Canada,
during the subsequent recession.
Pra-Korea Pori-Koges Recent An advance edition of the.
Brice Poax Price Level B.L.F.
catalogue
been Rubber has
2431 d. 091/34, 22340. separately promoted In North
(per 1b,) TIA ... 2001.7 £1470. America
extra and
many
(per ton).. orders have been received for it woolimering. from leading American and Canadian businessmen. The
HIM! Jute advance catalogue
be published on January 1. a
than usual- month earlier Lundoh Express Service.
[1]
RADAR TO BEAT THE
BURGLARS
•
London, Dec. 20. Radar protection of business
premises against thieves is fort shadowed in a report made to
64..
gila, said. (per 16.) ...11.64. 22201 est
(per Sony
SHARP FALLS
The prices of these commodities have all fallen very sharply from their pealt level. Indeed, in all but one case, they are now below the pre-Korean lovei..
American commodities suffered similarly; but though the prices of the chlet dollar commodities are now below the post-Korean peak, they remalt, in all but one case (that of sugar), well above the level ruling at the outbreak- of war in Korea.
Lead
Steel Move Surprises
Industry
Britain
London, Dec. 30. Britain, tradlifonally one of the world's leading middleman, has a flourish- ing trade in refining mugar for expert-although this nation
does not produce nearly enough sugar for its own requirements,
Between January and October. 1952. Britain
exported 11,802,270 hun- dredweight of refined mugar
This sugar, all of which had to be imported in the crude state, went to West Germany, Pakistan. Ma- laya, Singapore, Switzer land, Iraq and the Anglo- Bryption Sudan, among others.----Associated PreOK.
Business
Boom In U.S.
Predictions Made By Economists
Chicago, Dec. 30.
. Some predictions as to what might happen to the current .business boom in the United States were pre- Rented today at. a meeting of the American Statistical Association.
New York, Dec. 30.
sources expressed surprise at the U.S. Govern Charles E. Young, economist ment's action In promising for the Weyerhaeuser Timber larger allocations of steel to Company, said: "The present civilian manufacturers
boom will probably not have run its course until sometime around the middle of 1953,"
in
the
first quarter of 1053. It has been their
opinion that steel will remain in short supply through most of the first half of next year.
have been
on
Theodore... O. Yatema, Vice- Fresident for Finance, Ford Motor Company, said: "In the But Government has removed latter part of 1953, expansionary several types of steel which forces probably will stop
most rigidiy con-growing.” Pre-itorea Fasi-Korea Necent,
trolled from the "erlticat ilst" Mr. Young said, "The malor Price Price Price Leva and transfered them to a "fair clements of strength that have Cotton 340 cenią 40 centi. 380 cents to good supply" classification, supported the post-war business
(per ib.j Copper 2.1 centa 349 cents 34.0 cents It also said that additional boom are all, now or potential-
(per b ince July) 1.48 million tons of light flat-ly, clements of weakness.
Wo 11.2 cents 10 cents 1 centi rolled steel will be available for are approaching, a stage of the
(per lb.) 14.7 cents 10.0 cerits 20 cents distribution in the first quarter business cycle that has always don after a year's investigation wheat 249 cents 28t cents 200.0 cents
(per lb.)
preceded a major. decline." The Government's explana- All such declines in the past into burglaries.
tion has been that defence plants have included a drop of 20 per are now getting about all the cent or more in Industrial pro- steel they need
within a 12-month ond, with in-duction dustry making more than ever period, Mr Young said, He more will be available for the added, "There seems no reason civilian market. Associated to believe that all elements of Press.
the economy could not adjust themselves to such a decline."
the Insurance Institute of Lon-Zine
50.4
(per 03 lb.i (per cwl:)
(per 1,1
128.
outline Suger 35.8s The report glycs an of the new radar alarm system, coffee 45 cents 11⁄2 cents 33% cents which transmits Supersonic sound wave radlations.
The building to be protected would have a transmitter, with one or more detectors placed at strategle points to register any disturbance in the radiations.
The alarms would be in direct touch with Scotland Yard. With out the burglars realising an alarm had been given, police cars would be on their way to the burgled bullding.
Jap In
Machinery
Pakistan
Lucknow, Dec. 30.
All three executives saw in- demand for tyres in All three agreed that 1953 the coming year, as well as Japanese machinery installed should provo another banner greater demand for other rub- year for rubber, with more of her products. With the car in- the raw material
going into dustry planning to build from old and new products,
6.6 to 0,000,000 cars and
1.3 million trucks in the
PREVIOUS EFFORTS
the
The Commonwealth Prime Ministers therefore agreed that stabilisation commodity price arrangements are essential f further damaging price fluclus- tians are to be avoided in future.
They
approved, In the suggestion principle, these arrangements should take the form of agreements be-
producers
tween
at a training catro may help cottage industry producËTY develop new export markets. Seventeen braiding and one
lace-making machines have en- the
and
that
12 months, tyre demand abled some displaced persons | who'objected when... prices
of 1953.
Theatre To
Become Pub
form
A TRANSITION
"By the end of 1953," Mr Young sald, "most business in- dicators are likely to be below their 1952 average, and headed lower. This
general pattern is not likely to be upset unless some drastic change occurs in the international situation of the military picture."
As the nation anerges from such a boom there is danger of a deflationary chain reaction, Mr nutna said. e luad-5, collapar repetition of the 1929-32 collapas now is impossible. Nor could a great price délation Uke that of 1920-21- occur.” - Associated Prost
London, Dec. 30. The Grand Theatre. Graves sumers, with fixed celling and end, where Gracie Fields made
Mr Yntema said, "Sometime→→ floor prices for the main com
and probably in late 1853 or in 1854 modities entering world trade, her South of England debut in
It is one thing, however, to 1920, is to be demolished
we shall be facing a transition replaced by a public-house. agree on the need for a certain
a period of abnormal The
curtain has not risen from course of action, but quite an-
1933, when be accumulation of stocks of goods there since other to obtain general consent
like many other small by Government, business and Grand, to it. Price stabilisation schemes provincial theatres, had to close. Individuals to a condition of have been proposed before but laing prices and the compoti- more nearly normal growth"
abandoned these have
Hon
of the cinema 1 “aved" too through the lack of agreement much.
con- The theatre bars have been between producers and laeumert on what constitutes un kopit open since then, and will
basis of the now inn. equilibrium price level,
In the case of wool, it was
The theatre was built in 1842 Commonwealth producers
ne art Assembly Hall, library, Both Mr Firestone and Mr to
to a price stabili-
Pills | musto and' dance contre. Humphreys Bald supplies of next
sation of from Pakistan to manufacture alone was placed in excess both: natural end synthetic
different types of shoo-laces, were high, and the consument rubber will be sufficient to 100,000,000 units.
Mr Humphreys noted that cords, braids and elastic bands who supported the idea. But 1953. But Mr Lichfeld warn- additional cars would
which are stated to have a good when price stabilisation schernes mean for sent foreign market.
were suggested for tin and rub- foam rubber that the continuing world more
A training-production centro ber it was the consumers who Increase in use of rubber might cushions. He also cited the the for Japanese machinery wall set led the opposition. bring about
Tokyo, Dec. 20. creasing Importance
Washington, Dec. 30. rubber shortage.
industry of chemicals up last year at Lucknow follow-
NECESSARY STEP.
The
U.S. Department of
Alter having recently added and sald U.S.ing an Indian delegation's tour The Goodyear head said, "It and plasties,
Before effective price stabili Agriculture said that Informa- two Douglas DC-4's to ila fleet, is evident the world supply-
Rubber expects a 25 per cent of Japan sponsored ty
Rehabilitation Ministry Other sation schemes can be put into tlon from the American Con the Japan Airlines expects to which are effect it will be necessary to milate In Colombo indicated increase the number, of piksen- demand picture will be operat- increase in its chemical entes in
In gors to about 200,005, or over thd❘ break
attitude of that cocoanut production down the attracting trulinces · aro ing on a perilously close margin the next two years Associated Japanese machines a few years hence."
"Garbo," pin, gem-clip and ox mutual suspicion that prevents Ceylon for 1952 will be as much twice this year's figure of about peller unile, The rugs to agreement whenever producers as 30 per cent less than the 1051 98,000,
spaco uliligation ratio: carpeta Garbo unit, is particu- and consumers get together 40 output of approximately 2,000,-
000,000 Rocoanuta. Jarly popular although results talk about prices,
percentage, being on the In die meantime, however The prolonged drought in obtained so ne were destribed.
August and most countries July
of Tokyo Sapporo Ine with more ns not very sallatastory, the Commonwealth
The Industries Ministry, was have decided 16 establish new september 1 chiefly responsible than 80 per cent. This is vaidi for cofisultation that fore the decling, Ceylon's ex- to compare favourably, with, the duce svine of these chines will be motion at the first portable surplus is estimated at average rate of 05 per cent of
approaching 50 per cent of the production foreign domestle locally to encourage their use in Faign; of
Franc United Press, Did State-United Prosse
"emergency"
meet anticipated demands
ed
another
rubber
Ife note that rapid expan-
re-
Prezz
to
Blon of natural rubber output it impossible, because it
Tokyo, Dec. 30. quires seven years
Motor vehicles In Japan now trees to begin producing, and total 607,400 as against 144,000 called for increased production at the erkt of the war and the
for now
opy possible. future shortage. cording to a survey by the "Entess we do this," Mr Liich" Ministry of Transportation. feld' fald, #there # grave Fran
Affected By Drought
JAPAN
Mnr. 17
Diskaria, Sematang, Brábala
ARCH
Singapore,
Jakarta. Becharang,
Aurakala di Blacamar
Manila, Ringabore. E. & A. Afzles &
5. Amerien
Ritenfore, Djaketta, Atauritius,
B. Afriends 1. America Djakaria. Semarang, Surabalā
Macasa
Bingapore, Penang & Belawan Dali Japun
Bingapore, Djakarta, Betantabs,
Burabala & BlackEsar
Djakarta, Kemareng, Barsbala
Macasket
Japan
Singsbara, Diskaria, Sematant,
Surabala & Macassar
Singapore Djukuria,
9. Africa B. America Altianporr. Djakarta, Remarang,
Surahsia & Alacassar
ARRIVALS
From
Macasar, Xurabala, Komarang,
Dakarta Singapore
"IJIWANGI!
"RUYE"
In Port
Jan.
Japan
"TZIBODAS”.
Jan,
Japan
KING'S BUILDING, Ground Floor
Matrititie
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Feb.
Feb. 16
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Majority Of U.S. Economists In Optimistic
Mood
New York, Dec. 30.
This is the time of year the economists črawl out chˆà limb -- both - those hired by corporations and those hired by Government and the universitios,
This year most of them have hosen an optimistie limb and predict a pleasant year ahead for their bosses and the public. There are some dissenters, however.
A group
of them held a prosperity" in the first hälf of round-table discussion under the the year.
He thinks defence spending sponsorship of the National In- dustrial Conference Board. Their will rise to an annuat rate v1 views, an average, were summed between $55,000,000,000 and $57, up by the Board's chief econo-| 000,000,000 by the second quar mist, Martin R. Gainsburgh, aster and hold at that level for abc follows:
months or so.--Associated Pres.
•
"A trend toward lower prices
in 1963, including not only whole- dale commodity prices but also a lower consumer price index (the cost of living index), but with a rise in the wage pattern in 1953 of two per cent or possibly three per cent."
.:
-If the economists are right, that will be fine for many American more pay and lower prices.
For the businessman, however, --the economists added t would mean "even narrower proît margins in 1953 than the
Sarawak Drilling Operations
Brunel, Dec. 30,
During operations in this oll fold
British in 1852, the falayan Petroleum Company
N AIRLINES thin margin already prevailing." Limited drilled o 20 new PASSENGERS
Fear,
A RECESSIONT:
¿
wells, all but thres of which strucic oll.
1. And The group, as a whole, At the end of the year there looked for the gross national were about, 210 wells in activa product—the mum" of all, goods production in the fold, with and services produced-to rise daily output of about 3,700,000 some two or three per cent next | gallons, Vid
A total of 320 wells.
have Not all of them went along been drilled in Seria Feld since search with the majority, however its discovery, after d
Dr Jules Backman of New lasting 25 years, in 1980,
The latest statistics show. York University belleves: "Some
fine in 1903 we will see the start that the field and its associatech of a recession which will be of a administrlitve headquarters em megaltude of about 10 per cent ploy. 330 Daropenia,, 700 - Aslan administralive and engineering Dun and Bradstreets Edwin | staff, and o libour fören B. Georgo looks dor "high 0,250 Asians-Router.
and it will go on through 1954." Dizlines,