Page
THE
THE CHINA MAIL, THURSDAY, JANUARY, 15, 1953.
MESSAGERIES MARITIMES || Revised Trade
M
Arriving
Leaving
******-dan. 20
Jan. 29
Feb. 23
"FRY-HILL.”
"LA MARSEILLAISE” . Feb. 21
Feb. .Mar.
旮
Feb. 10
Mint.
*
MAE- *
"REST"
"FRY HILL”
For passenger and freight.
**LA MARSEILLAISE”, Mar.
•
M
Outward for
Japa
Tokohama & Kobe
Homeward For
N. Africa a Europe N, Antler & Europe Marseilles is Manila *
For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Accepting cargo:
--via Marseliles to all Mediterranean & West Africa Poris.
-via Djibouti to Madagascar,
Subject To Change Without Natics.
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Tel. 26051 (8 lines).
Queen's Building (gr. floor)
EVERETT
LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger Bervice to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"LENEVERETT"
Arrives
Sailo
Jan, 18 from Manila. for Jan, 19
"BRADEVERETT"
Arrives Sails
Penang,
Singapore, Rangoon & Calcutta.
Jan. 30 from Manila
Jun. 31 for Singapore,
Rangoon & Calculta,
Ponang,
(Accepting eargo for transhipment Kobe/Fusan and Hobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger Bervice to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"STAR ALCYONE“
Arrives Sails
Arrives Salls
Jan. 23 from Singapore. Jan. 24 for Kobe & Yokohama,
M.S. "STAR BETELGEUSE”
Jan. 24 from Japan, Jan. 25 for Singapore, Port Swetten- hom. Madras, Calambo, Bombay, Karachi, Kharram. & Bahrein, shahr, Basrah
(Accepting cargo for transhipament
Kobe/Puran and Kabe/Okinawa)
· EVERETT · STEAMSHIP CORPORATION S/A
"Queen's Building, Telephone 31206. Chlacte Department: Telephone 28293.
The Rubber
Markets
Singapore, Jan. 14.
Prices of rubber futurca closed as follows:-
Number 1 rubber, per. lb.
February
84-8574 March April Number 2 rubber, February 79-00 Number rubber, February 2015-77 Number rubber, February 73-131
84-341 Spot rubber, undated
-73 Biankot treDO
No. 1 pale crepe
Ünited Press. NEW YORK RUBBER
New York, Jan. 14. Prices of rubber futures closed today 15 to 30 points lower with sales totalling 70 contracts, Spot a slow situn- dealers reported
tion dominated mostly by intra- dealer operations, while factory buyers continued hesitant.
Match
May
July
Heptember
December March
20.33
27.00
27.49
20.40 nominat
20.40 nominal 29,00 United Press.
LONDON MARKET
London, Jan. 14.
Prices of rubber futures closed
today as follows.
Number rubber
in pence per 1. February
March
April/Jupe
July/Beptember
241)
United Press.
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning amount- ed to $553,550.50. Noon quota- tions and the morning's trans- actions:-
BANKS
BHARES BUYERS SELLERS, SALES
HK Bank.......... 1405. INSURANCES
Unloa
790 000 Underwriters 012 SHIPPING
Waterbost Waterboat
Вотили
Asla Nav... DOCKS, ETC.
H
H. Wharf ... Dock ******* Provident S'hai Dock Wheelock Wheelock (RTK)
LAND, ETC.
HK Hotel:
Pact Asked
Manila, Jan, 14.
An urgent recommends. tion that President Quirino
to Washington im mediately to get a new trade treaty to replace the. "oncrous" Philippine Trade Act of 1940 was embodied In the final report of the 15-m commilice -ap- pointed by the President Last year to study a rovi-, sion of the Trade Act.
The report pointed out that tariff dulles will be imposed on Philippine ex- port products entering the United States starting on July 1, 1954 and "ilme is of the essence for the Philippine economy",
The proposed rovision would limit. dio valdė, kind and quantity of selected goods to be exported both
would Wayn which
be duty-free-france-Presse,
Bright Prospects
In America
Prospects For British Exports During 1953
Hopes For A Brighter
Year
London.
Export prospects for this year are referred to by Sir Patrick Hannon, president of the National Union of. Manufacturers, in a New Year message appearing in the current issue of "The British Manufac- turer."
Sir Patrick states that productive efficiency and competitive power last year were handicapped by various problems affecting the country's national economy.
Amongst these were balance of payments crises, collapse of the "sellera" market," stringent restrictions placed on capital and credit, and reduction in exports.
To these factors he added mineral riches a great opportu- "the imposition of an unpro nity for Dutch Investments,"
Levy, but, he added, "both dictable Excess Profits.
Germany with cumulative effect upon and France have already start-
phase of SVCEY
Industrialed and shown great initiative On this, however, vitality.
in there countries, and Dutch Patrick observes that industry business men should not walt has welcomed the scaling-down too long.....There is great op of EPL from its original figure portunity for the establishment by £25,000,000; a
Sir
which resulted from RSS of Dutch banks in these four
Treasury by co-operation of industrial opinion, in which the
pressure on
on the the vigorous
New York, Jan. 14. The American textile industry
The National Union, in one of its best post-
its may have
various approaches to Mr R. war years in 1953, the Journal
A Butler, Chancellor of
the of Commerce said.
Exchequer, has had a reception. In te natural an- xiety to develop the business
of the
medium-sized and scope of smaller manufacturers of tha country, the union has urged the Chancellor to expedite measures of relief,
The best that this approach was able to secure was a sympathetic but unbending attitude," such being due to the Chancellor's whelming task. to economic stability.
"At no time since 1947, when the mills were still riding the crest of a shortage inspired boom, have the
seemed prospects brighter, the business paper's texule editor, Douglas Pidgeon, said.
He
"The Inventory udded: situation at all levels is better adjusted than it has been since before World War II. Since that time and unill very recently it has been feout or famine, Stocks were either bulging or scarce, Now they are workable in most cases
"One of the most favourable factors operating in the market how the change in attitude on the part of textile buyers und
elec manufacturers since the
toll.
"The fact that the new Presi- dent has surrounded himself with who have spent most of their lives dealing with the hard
men
over- restore
countries,
STEADY INCREASE Statistics issued by the Or-
and
Russia's New Textile Plants
These
National Union of Manufac-ganisation for European Econo
mic Co-operation. Indicate that turers took part.
United Kingdom has been the
Moscow, Jan. 14. replaced by Western Germany
The Soviet Government is as Europe's largest exporter of mixed
goods 10 Central
America,
building six new giant tex- Whilst most of the member
When com→ nations of OMEX saw their ex- tile plants,
last pleted in a few years' time area decrease ports to that area year, Western Germany had a these milis will produce constant increase in her tratie over 1,000,000,000 metres particularly with Mexico Cuba ped twice
For instance, she ship- per annum of the highest 6s much cargo in grades of cotton fabrica, October as she did in January. The only other European coun- try which increased exports to the Central América during year was Switzerland, watches being
main exports in the lotter
onths of the year. Nearly all the OEEC
The completion will incre.se tries imparted less during the
the degree of dispersal of the year from Central America, es-
cotton textile industry of the pecially France. In January
USSR and will bring the Central French imports from Amerien totalled $10,400,000. In. industry closer to sources of raw *** material and 10 ITeS and $1,000,000, the main
plants are located as import being sugar. As a re-
follows: sult of the general decline of
The largest of the projecta is imports into Europe from this
In the lower Volga City of Lain American area the DEEC
Kamyshin not for from Stalingrad. It will produce up to 1,000,000 metres daily. Some
to
COURAGE AND SKILL Sir Patrick pays tribute the courage and skill of Mr Butler in his task of recon- structing the national economy, "This bul states,
process of stabilisation and reconstruction
coun-
to
construction projects have been given a high priority In the present five-year plan and special administration has been established to supervis and manage their building.
Ü
has been necessarily slow, and October they had declining developing markets.
meantime the burden upon in- dustry has not lessened in in- tensity. There are signs that a futuro for Industry is Mr
facts of business has given con brighter over the review i nallons, for the first time since sta
There
had
Builer has promised future exp
the war, como closer balancing this sector
of'
to
Page-0 ¥
ROYAL INTEROCEAN LINES
TASHANDAN “TJILUWAR"..
"ZAMMAN" "D019REVAIN" *STRAAT
SAILINGS
21%
is Hisgapore, Penang & Delawan Dell
12
Singapore,
Djakarta. furabala & MIRCHISAT
Bingapore,
SPRATADE,
jakarta. Mauritias,
8. Africa & H. America
[Jakúrin
Bemarang, Nurabala
MACANKAT
"span
*
jakarta. Seinatang.
Surabala & hincasar
Singapore.
“TJTJALENGKA", JAN.
"TJIPONDOK?
Jun, 23
"THBANTJET
JAN. 23
"IJWANGE"
Feb.
Singapore.
Feb
Feb. 5
Japan Japan
МАКЛЯЧАП"
Feb..
"TJIKAMPEK"
"TJIMENTENO"
Feb.
17
"BOIRREVAIN"
"THDANTJET'
"ZABÍAN**
TJIWANGI"
Feb.
Feb, 21
Teh. 25
"STRAAT BOENDA" Mar. "TIUODAS"
"TJILUWAN" *
SEAT.
Mar. I
*THIBÁDANE"
Mar. Mat.
Mar.
**TASMAN" "BTRAAT
МАКЛЕВАД
*TJIKONDDE” ·
*TJIWANGITM**
"TJIPANAS"
Apr. Σ
Apr 2
Djakaria.
SemaTADE,
A
Sematang
Japan
Diskarta Remarang. Kurabala
Stacaguar
Manila, Aincapote, E. & S. Africa &
· §. Amerien
Surabala & Machine
Singapore.
Djakarta, Mauritius,
18. Atrien & 8. America Djakarta Remarang, - Burabata
Marast
Hingapore. Penang & Belawan Deli Djakarta, BIRLARDIS,
Rurabala & Macassar
Japan
Dakarta, Remarang, Surabala
Macassar
Bingapore.
Bjakarta, Semarang,
Strabia Macassar
Japan
Гарал
Singapore Djaharta,
8. Africa & 8. America
Djakarta,
Atacassar
Semarang, Burabais
Signpore. Djakarta,
Aurabala & Mechestr
Manila, Singapore, E. & A. Africa
ARRIVALS
Mauriting,
Gemarang,
&
From
In **TJLUWAR*
Part
Jan, **TASMAN"
15 "TJITJALENGKA" Jan. 20
Maratar,
Djakiri
Aursball,
BATANE,
kingipark
Japan
JAPAN
TEL. 28015/18,
KING'S BUILDING, Ground Floor CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 25182.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "OLGA MAERSK" M.S. "HULDA MAERSK" *M.S.. "GERTRUDE MAERSK"
Jan, 18 Feb.
Feb. 11,
•
Calling Vancouver. ARRIVALS FROM U.S.A.
project
Irrigation
of the
lower Volga area. Other raw cotton will
M.S. "TREIN MAERSK" M.S. "NICOLINE MAERSK" M.S. "PETER MAERSK”
Feb. 5 Feb. 18
Feb. 25
AGENTS:
of its raw material it will re- ceive from cotton farms neor- would after the completion of the
ly
which Germany
daliar zone trade. Any slight increase in their trade result in the countries having a favourable balance,
The Progress has made is further illustrated by the export trade figures for
quar the first and the third
the first 1ers of quarter the United Kingdom's exports averaged $0,000,000 a Germany's
about month; $3,300,000. In the third quarter the UK exports had dropped to-$4,000,000 as the monthly average, while Germany's had rison to $5,000,000.
fidence to the industry. been wide-spread uneasiness in the estimates of Government the textile trades controls and regulations policies expenditure, and to do his best to rellove the weight of taxa- tuntil the
new ad- election,
The
Lion
Expressing satisfaction in- ministration has given
many
at the fact that the volume of dications that it will be against
has expenditure restrictive controls. The psycho- rearmament
und that been modified
the logical effect of this release from
Treasury now is more respon the fear of regimentation should
sive to organised representation not be under-estimated,As-
by industry, Sir Patrick ends, sociated Press,
by
and enlarge their
the While the president of NUM has hopes generally for brighter year, the "New York Journal of Commerce has been busily collating views from a cross-section of manu- facturers and traders in the United States on their prospects for 1953. To the question: "What is your forecast for business in 1933?" replies in dicated:-
strering manufacturers to ters of the your. In
LONDON TIN MARKET
London, Jan. 14. The tin market was very steady this morning. Turnover was 45 tons, including 25 tons for cash. Prices closed at the
ok end
the official morning
acssion as follows:--
DSC
057
057
Spot tin, buyers
Spol tin, sellers
Business done at
Three-months in. Buyers
นา
Three-months tin, sellers. 943
Business done at
042
Settlement
D37
United Press.
New York Sugar.
Futures'
New York, Jon. 14. World sugar futures closed unchanged to 4 points lower with sales totalling 40 contracts, Contract No. 8 closed un- changed to 5 points lower with sales totalling 273 eontracts.
Contract No. 4 (world)
3.30
March
May July
October January
September
March
14.00
13.50
1.48
Mar Spot
1 500 G DI
13.50
(8
HK Land S'hai Land LCH UTILITIES
7.45 2000 € TIL
7.00
2.40 0 24S 1000@ 3 7209 2.4
800 0 5715
TYRE. 23:30 23:40 7000 # 23.50
Glar Ferry..
110
22.40
500 # 22.30
0000 # 22.30
2500 21.30
2001
March May July *September November March Spot
3,50
3.50 bid 2.51
3.54 nominal
3.75 nominal 3.40 asked
3.40 nominat
8.50
5.63
Contract No. 6
4.51 bld
6.76
5,02
8.50 nominai 3.43
United PITER.
Price Of Silver
Up Again
די
1
*
+
E
*
re-
more
to
of
come to the plant
from Central Asia by water For Freight and Further Particulars please apply to:-
transport once the Turunen Canal has been anished.
COMPLETE CITY
The plant in Kamyshin will be u clly in itself. It will have 170,000 square metres of new large apartments for its workers. will have even a special and technical school for textile specialists.
Another large factory will be located in the Middle-Volga city of Engels. It will occupy an aren
area of nearly 800 hectares together with housing. and other facilities for its employees. Plans are being made to house 25,000 persons In the plant's settlement which will also be a complete new city.
A third plant is being bullt In Barnout in the Alla! region. Located between sources of raw material in Central Asia und developing markets of
this plant
will be a addition to new
TRENDS IN U.S.A. In the third quarter of last foreign countries sold year
more to the substantially United States than they bought, thus continuing the trend of Better
........ 23.7 per cent.
the second quarter, About the same 40.7
Transactions with the United Off somewhat.. 34.3 17
Slates, the Department 1.3 No opinion
Commerce has stalet, enabled And to "What do you expect foreign countries to earn $700,- prices to do?"' replies were
11.9 per cent. 000,000 more than they spent in Go higher
that country in the second About the same 35.2
quarter. OR somewhat.. 52.1
Altogether, in the two quar- the 0.0 No opinion A
countries ters, foreign
sold Siberia, To the question of what they
valuable the $1,100,000,000 were doing to prepare for a United States than they bought, textile facilities.
The three other plants are possible recession in trade dur-
The department's report in- ing the coming year, the
being constructed in Krasnodar dicated that efforts abroad to plies showed that 42.8 per cent balance
the
in the Northern Caucasus where with accounts would overhaul costs, 30.4 per
colton production is increasing United States by cutting down cent would reduce debts, 32.0
year by year, at Kherson in the purchases of United States ex- would seek new pro per cent
would ports played a major part in Southern Ukraine where cotton ducts, 28.4
growing is being extended, and per cent
In Stalinabad in Tadzhikistan, modernise machinery, 20.8 per the reversal in the two quar- ters of the trend of intema-
close to the cotton growing cen- cent would postpone expan- tional payments.
cent would the third quarter of the
tres of Central Asia.
IN 1954 year United States imports of goods and services were GROWING COMPETITION
$3,900,000,000, Each of the new units is In other countries, prospects proximately for the futuro Arc being showing little change from the planned to be complete in itself, serlously canvassed. with total in the second quarter. handling all processing from
raw cotton
to right down ORDER FOR BRITAIN watchful eyes being kept upon
moves.
When the liner United States finished goods. methoda competitors
for Much attention is being de and
The menaco results.
of salled from Southampton*
And the architecture revival Now York, she carried the bulk voted to German and Japanese
of design
of the buildings and consigament in trade, and the inroads into of markets which
sion, and 210 per "wait and sea,”
special
paperweights
been glass have
op-
and mir
tation both to make
them
marked out for exploitation by ro each bearing a signed technically up to date and to Belush traders, ure continuous-photograph of Mr Dwight D. ly being stressed. Latin Ameri- Elsenhower, President-elect
make them Impressive struc
of turcs. Drawings of the build-
similar
ca is one such market. A good the United States, and the date will mission from this country Janurag 20. 1953. In all, 6,000 New York, Jan. 14. Messrs Handy and Harman, which recently visited come of paperweights and
ea bullion dealers, today increased the
the countries in
America, suring 110 11
That being manufactured by Novolar the price of stiver cont per the north of Southra), nite in sumber of mirrors, cach mea. Light (0) 0.15 0% 5000 25
ounce to 844 cents per ounce, returnett with the 2000 920 following a similar increase on C. Light (N) 1.10 1.20 1000 535
Tuesday. 1000 820 000 8.15
Bald the Industry sources Kšectrja..... 23.00 23.80 200 2360
demand for the metal la un 700 U 23.70 Macod Fitc. 11.10
expectedly strong for this time Telephonea, 2015 1090 -
of the year, while supplies aro INDUSTRIAĻA
levels. not at their normal **** 18.00 40 20 1800 – 18.29 Cement
2011
Decreased Imports of silver STOJUMI, ETC.
from abroad, ara also con- Dairy 10.30 19:30 700 39
Tribuling to the tight supply Watson LA Crawford
situation here--United Press.
Ewo MISCELLANEOUS
Yangiste
here are great portion Ltdi. Bridgend, Glamorgan, to furnish those particular 'cotton
NY Stock Exchange COTTONS
Now York, Jan. 14. The stock market today was a narrow mixture of gains and 100009, with most price changes fractions of a dollar staro either way: 1,500,000 shares were traded:
Some petroleums and stools were lower, some aireratia and airwayD Wero
higher-As- sociated Press.
3.15.
5.00
nt
moet an American order. expansion of trade in those
They will be distributed dur areas, A similar goodwill mis- Copado is about to leave
ing
the period of the Presiden sion
festival tiol Inauguration for 10 of these Latin American
Washington this month. chief commer- the countries;
PORTUGUESE TRADE this misalon being cial aim of
trudo Discussions regarding to develop two-way trade and
which Kiot merely trade from Canada.
arrangements for 1938, have been taking place in Lon Last month. Prince Bern- hard of the Netherlands returndon between delegations repre- and cd. with:,a;
Portuguese a; mission of Dutch conting the Price Of Tung Oil business men who had visited United Kingdom Governments,
and have been concluded.. Mexico, Peru, Colombia Boundor: At D
Mutually
·Press conference
satisfactory ar. In New Yorke
New York, Jan. 14. he warned the Dutch merchant rangements were made for the of certain essential Prices in the seeds and oils generally et "strong German supply
La Frenali competition in materials by each country market closed unchanged with and
Latin
countrier. the other, inchiding tungsten the following: exceptiona
Americamerican coun
aro and mining limber from Tiesa, Laiin Tung, oil, in intik cara, F. Ò, D. Now York, par 12.30% contarlor Mahesaid, "have not only Portugal; and roal and linplats.
Peanut oil, per. Ib. F.. O. Downs great in toreat in Dutch from the United Kingdom.
· 84.30. Now York, centa United Immigration, but offered. In The Liverpool Journal of Com-
oll unexpected
and mer Proso,
Exchange Rates
Burineer was done in the locat @gchapure market this Linonicial morning at the following" TRIBE!== Um, dollar (per: 81) Dub 81.0275 sterling note (per kii:.... 1963 Indonesian guilders (per 100) Flam tiesia = (per 100) mus Singapore (dkrafts)" FIC# pilastron (per 100), usSNÍ
25.20
31.670
their
Inga at Kamyshin show a gran- diose building with porticos and pilars down the front of the plant down
-looking A blt Moscow's Botol Theatre.
intended to Tho plants are
cloths which are in the greatest. demand here: Tafetta, satin, corduroy, cotton flannel, ballate, marquisette, sponge, tricot, biaricots, high grade sheets and pillow cases and towels etc.
Some of themn will go into operation as early as 1954 and 1055-Associated Press.
JAPANESE BONDS
London, Jan: 14. Japanese bords. to:!"A" (3m of 1898), c 8214
#D}\(4# %of - IDIO))-- 70 [C2 - (58,- of (,1807). 1334
4D (5% of 1034)
20 1545 of 1930) Consols
107
104
684
-United Press.
ор
JEBSEN & CO.
Pedder Building.
Tel. Nos, 36066-9, }
Dates and rotation subject to change without notice, “At ́ liberty"to" pracfed ́via-other-parts-to-tad/dischargo-cargo,
PENINSULAR
SEPARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 16th January at 12.00 noon for the UNITED KINGDOM vis Straits, Colombo, Bombay, Aden and Port Said,
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2. Gate, CANTON ROAD ENTRANCE by NOON on the 16th January, 1953.
SPECIAL NOTE: With the exception of `hâlid packages.
carried by passengers themselves, ALL BAGGAGE 'must pass through the Wharf Co.'s Godown for loading board by ship's slings only. BAGGAGE- COOLIES WILL BE REFUSED ADMITTANCE TO THE WHARF...
on
EMBARKATION: Will take place FRIDAY, the 16th January, 1958 between 9.80 a.m. and 11:00 p.m..
BUSINESS REGULATION
ORDINANCE 1952
Coples of the prescribed. Forms 1 (a) 1(b) and (c),
Now On Sale at S. C. M. Posty Ltd.
HONGKONG AND KOWLOON.
TEN CENTS EACH