MESSAGERIES
MARITIMES
M&M
Yokohama & Kobe Japan
Homeward For
Arriving
Iraving
Outward For
“LA MARSEILLAISE" ..Feb. 24 "'MEINAM"
Fah, 25
...Apr. J
Apr. 3
"FRY HILL"
·†"COURSEULLES"
"MEINAM"
LA MARSEILLAISE" Mar.
Mar 7
.....Apr.
Mar. ↑
MAK. 8 Apr. 1]
.Apr. 29
Apr. 29
For passenger and freight.
N. Africa & Europa Marseilles via Manila N. Africa & Europe N. Alrica Europe
For freight to Saigon, Marseilles, Alalers, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
• Accepting cargo:
--via Marseilles to all Mediterranean & West Africa Porta.
--via Djibouti to Madagascar.
Subject To Change Without Notice,
CIE DES MESSAGERIES MARITIMES
P.0. Box 63, Hongkong
Queen's Building (gr. floor)
EVERETT
Tel. 26651 (3 lines).
E
LINES
EVERETT ORIENT LINE
Fast regular freight—refrigerator-passenger. service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"NOREVERETT"
Arrives Sullu
Feb. 21 from Singapore.
Feb. 22 for Kobe & Yokohama
"REBEVERETT"
Arrives Sāja
Mor.
from Manila. 1 Mar, 2 for Singapore, Penang
Rangoon & Calcutta,
(Accepting cargo for translipment) Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Koren, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"STAR ALCYONE”
Arrivet Sail;
Feb. 20 from Japas,
Feb. 21 for Singapore, Port Swetten- ham, Penang, Madras, Co- Jombo, Bombay, Karachi, Khurramshahr,
Basrah Bahrein,
"NORDSTJERNAN”
Arrives Salla
Mar. 4 Mar. 5
from Japan.
&
for Singapore, Port Sweiten- bani, Madras, Colombo, Bombay, Karachi, Klintram- shuby, Basrah & Bahrein.
(Accepting cargo for transhipment) Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP COrporation S/A Queen's Building, Telephone 31206, Chinese Department: Telephone 28293.
The Rubber HONGKONG
Markets
Singapore. Feb. 17.
Prices of rubber futures closed
today as follows:---
Huber rubber, per ltr.
March
April May
Number richler, March.. Number 3 rubber, March
SHARE
MARKET
771-2%
(From Our Correspondent) 77-78
Business done on the Stock 73 5-73 09-70 Exchange this morning amount- 414-67ed to $372,070.40. Noon quota- 735-781%
tlong and the morning's trans- 07-09
actions:- DU-95 -United Press.
Number 4 rubber, Murch
Spot, rubber, unbaled
Blanket crepe
No, pate crepe
www.A
LONDON MARKET
London, Feb. 17.
THE CHINA MAIL, WEDNESDAY, FEBRUARY 18, 1953. 7
Purchases OF
U.S. Gold On Increase
Now York, Feb. 17. Central banks of several nations are increasing their purchase of United Alates gold, banking circlen pori,
re-
The move began lani Déc. 10. and reached peak in the week ended Feb.
5, with purchases of 3101.000.000. This brought total purchases to $402,000,000.
Britain
and, Holland
were said to be the, prin- cipal buyers. - Autoclated Press
Pakistan's Imports Of Sugar
Pakistan
Page
European Production ROYAL INTEROCEAN LINES
Reaches New High Levels
Spectacular Gains By West
German Industry
Washington, Feb. 17. Western Europe had its best production year ever in 1952, a U.S. aid survey shows, but it was only a little above 1951..
Industrial production was put at 38 per cent over 1947-just one percentage point better than last year. Heavy industries made the best gains, with consumer goods like textiles holding down the over-all level,
West Germany, producing 21 per cent more than before World War II, gained spectacu- other countries maintained the 1051 peaks, the said. Last year West Germany Mutual Security Agency report produced 13 per cent more than before the war.
Karnchi, Feb. 16.
Imported 700,000 tons of sugar over the past fivery while years at a cost of B«,420,000,000, according to
igures published here.
Sugar Imports for the year alone were valued at Rs.80,000,000 which for the most part was obtained from the dollar area.
1052
This expenditure was for the import of 121.771 tons of sugar churing 1952 and showed a de- crease over the year 1951 when 197,000 tons were imported.
Pakistan's annual sugar re- quirements, according to these figures, are estimated at 265,000 tons per year against internal production of only 40,000 tons during the year 1951. But pro- duction figures for the first half of last year show that produc- tion during the first six months of 1952 exceeded the total for the whole of 1051. indicating that the nine sugar mills in operation in Pakistan may have reached
their total installed capacity of 05,000 tons during
1
PEKING
WANTS
MACHINERY
List Submitted To British Govt.
Business Outlook In U.S.
New York, Feb. 17. The U.S. economy ap pears so strong, al the moment that an Increasing number of businessmen are:- paying more attention than usual to the weak spots be- ging to show.
They think that the economy Is neatly balanced and they wonder which way it is going to
tract most attention. Farmers had
• Commodity ptice. weakness and declining farin Income-at- less money to spend in 1932 than
move and when.
they did in 1951. And prospects ure that this will continue this Comparative percentage gains year. Businessmen who sell to. against pre-war for other key | farmers are worried. countries:-
And many who do not are also 1957 1052 beginning to nak: If formers less, will this trend be
France
entching say, umong industrial
30 40
Belgium United Kingdom
Italy
pond
43
40
43
38
workers?
43
45
Netherlands
47
43
to
The Ja
Another potential weakness, in
view
financial
public debt. The
supports it But what will
mony leaders, is the record high tavel |ol-private and crop prosent prosperity
13 comfortably.
happen a slump?
Prospects of inueh sharper
also be competition
are being watched by many industries. Car sales forces, for instance; being alerted to the coming fight, to get the consumer's dollar.
Farm output is expected tilt a
new high for the year 1952-53, an estimated per cent above pre-war.
here of
each individual Western Europe is only a shade above pre-war, however, cause of the natural population Increase and the influx of refu- gees from behind the iron cur- tol,
Using the average farm pro- duction of the years 1934-8 as a bench-mark of 100 the MSA eeme up with these Bgures for key countries in the crop year 1952-53;
U.K.
125
Netherlands. Italy
115
115
France
100
West Germany
115
Denmark
114
Austria
100
Turkey
150
PRESSURES EASE
Price pressures, which have been plaguing Western Europe since the outbreak of way in Korea, seem
eased. 10 have
are
A HARD FACT
lines will become a hard fact by The buyers market in many
Howard L. Franks, manager of the end of the year, warns Sales Personnel and Control, for the Chemical Division of General Electric. He tells the marketing conference here of the American Management Association that management must start now cut- ting costs of effective selling-or lose out in the coming race.
the American Bankers Association's mid-winter trust
AL
conference here Dr Marcus
Nudley,
New York University Anace professur, tells delegates to watch the signs of weakness In the venomy. He says it is
London, Feb. 9. Mr John Rankin, (Labour), asked the President of the Board of Trade in the House of Commons what types of machinery were included in the list which the China National Import-Export Board intended into purchase in this country and which was submitted to the Board of Trade on October 2 1952.
Mr H. Strauss, Parliamentary Secretary to the Board of Trade: "The main items in the list submitted were:
nischinery and equipment;
office
machinery; Wholesale prices in September impossible now to tell which way pumps; air compressors; en-
11 will and October were 2 to 10 per in gineers' tools; generating sets; cent below January, with
The
Association's President, W. the cement guns and pumps; diesel French price level rolled back Harold Brenton, Bank President,
agines: transmission chain;
to where it was In April, 1951, counsels both business and hydraulic presses,
government to draw high pres despite the threat of runaway
up plans now to cushion the shock of any electrodes inflation a year ago.
stump that might develop. for are furnaces: sand blast sels with compressors, etc.. chloride German wholesale prices quification plant: mine hoist were reported 0 continuing
steam Its
hammers; stable throughout
Smull rises were observed in the second and third quarters drils; electric deep hole drills; electric coal of the year, and data for the
dynamometers; fourth quarter was not
Government plans for stalling six new sugar mills to further increase Internal pro- duction are receiving priority. The first of these is expected to be opened shortly in the Thal area of Punjab Province where n sugar mill is to be built in the heart of
wly developed newly sugar cane producing area.
BARTER PLAN The area under sugar cane in during the whole of Pakistan 1952 was estimated at. 730,000 beres. This is
en
of increase 70,000
the Over
past five yeurs, according to the figures.
While the Goverment seeking to raise production demands of the full Internal requirements both
acres
10
by
1
អ
Is
meet increasing sugar cane produc- tion and milling capacity, It expected that it will be some Uime before the need for Im- ports of sugar from abroad
"Textile
sure steam valves;
chines;
drop forging machines: electric tube welding machines; electric
separators; various mercury rectiders; magnetic plete.
itema of ΟΙ
is electric power station
"Western equip-
tho
year.
com-
an
Europe's over-nil ment; relays of various types; trade gap narrowed in 1953 as The possibility of Importing, metal spraying equipment; the report said,
Imports were reduced sharply." sugar from Cuba in exchange frigurators; hydraulic Jacks: for Pakistars jute products was metallurgical specimen prepar- Imports dropped from broached by the Cuban Aming equipment; spares bassador, Dr Santiago Claret, in 11,000 K.W. turbines; industrial to Informal talks with trade equipment, c.g. manila
insulating material, baste mine lamps and needles sewing machines.
officials here last month.
While the advantages of such
trade arrangements are evident, mutually prospects of such advantageous exchange of goods are not immediate since Pakis- tan at present turns only
its raw jule small portion of into manufactured bags required by Cuba.
Several Jute mills are being bullt in Pakistan to enable this country to utilise its monopoly in raw jute (80 per cent of world production) in production of manufactured jute products.
United Press.
SHARES BUYERS SELLERS BALER New York Sugar
BANKS
I.K. Bank XD 1378 1400
Prices of rubber futures closed | INSURANCES
today as folinwa!--
Number 1 rubber. In pence
per lb.
March
April/June
July/Beptember
October/December
221-
United Press,
LONDON TIN
MARKET
London, Feb. 17.
The tin markel was steadier
this morning. Turnover was 30
tons. Prices closed at the end
Underwriters
DOCKS, ETC.
5,30
N. Pt. Wharf 0.40 015 Provident 13.70 Provident (N) 11.20 11.30 Wheelock ... 7.03
21400
10 1300
+
Futures
New York, Feb. 17. World sugar futures closed today I to 5 lower with soles
500 13.80 totalling 102 contracts. 1200 7,70 5000 7,05
E., Halef. 7.50 2,70 2000 a 7.80
24
Contract No. 6 closeul 4 lower to 2 higher with shics totalling 1,331 contracts.
LAND. ETC.
1.K. Land (9)
HK. Land (N)
Prices closed as follows:-mm Contract No. 4 (world) March 1,70
May July September
S'hal Land 1.85 1.70 4500
4000 1,70 UTILITIES
Tram....... 21.40 21.00 1000 a 21,40-
3700 2115
C. Light (0) 0.20 8.30 3500 ir 14 C. Light (N) 6.05 6.5 100 @ 0.10 Electro
23,60 230 2100 23,10 Telephone
101%
of this official morning session | INDUSTRIALS
D57
ות
Cement
10 10.30
21.20
17.TD 500 17.00 2000 17.70 400 p.17.80
160 24,40 50 + 24.00 100 24%
as follows:-
27.70 17.30 1300
Spot in, buyen
Spot un, elleri
Business done at ....
Three-months tin, buyer
140
STORES, ETC.
Three-months in, seliers
142
Busines done at
936-937
Dairy Watson
United Press.
Lane.
Crawford
Settlement
JAPANESE BONDS COTTONS
,144 "יפיי
23.00
2.43 2.60
MISCELLANEOUS
Yangtzte
Ewo
London, Feb. 17.
Japanese bonds
Y
"A" (49.
of 1800)
03
of 1910)
73
(55.
of 1907) ►
120
HD
(53
af 10343
104
1602 394
"E" (4 of 1930) Console
-United Pres.
0%
Exchange Rates
October January March
3д
1.43
3.63 bid
333 bid
for average of $1,800,000,000 worth $1,400,000,000 worth a rope, month. Exports declined slight
coot for
ly, too.
Japan Asks Explanation
The dollar
+
cut
But tht signs of strength in the economy are still present
The American Iron and Steel Institute reports that Janupry set an all-time record for steel pro- duction in any one month-13,200 tons came from the furnaces and mills every hour in January, for a total of 9,888,000 tons. STEEL ORDERS
The steel industry says orders are still holding.high. Its clict. immediate worry is that workers may be seeking another wage in- industry claims that would force crease in the months ahead. The another price rise.
At the retail level,, there are Kap.. was sharply in 1052, but is still cheerful reports from the chain
For critical, the, experts found. It stores.
most of them -averaged $200 million a month Dece
December's up-trend In sales in the third quarter. about a
carried over into January. third lean than the year
Of chains reporting on January fore. The dollar gap measures sales so far, 20 show gains over the difference between what the year-end figure, ranging as Western Europe buys for del-high as 15 per cent. Five of the lars and what it sells. Tokyo, Feb. 17.
Dollar chains show
declines, one hat high-ranking Japanese
trade is the only kind that can store chain being off by 0 per Foreign Ministry official has be carried on with the U.S., cont. left for Karachi where he will
Canada and some countries of And personal incomes hit 'o seek a full explanation on the
Latin America.
new high in 1952, the Commerce Pakistán Government's reported
Department reports-o' gáin of intention to apply the barter
512 per cent over 1951. Taxes system to the export of raw
cut that to a tour per cent. In- cotton.
crease, and high prices absorbed the rest.-Associated Press.
^
DEFICIT DECREASES
The deficit with the US. has been
MSA decreasing, the graph shows, while that with Canada has been increasing.
The Western European coun- tries were nevertheless able to dollar increase their gold and ussels by about $440 million i
Mr Ryozo Surobe, a Foreign Office economie affairs expert, will ask the Karachi authori- ties whether the barter of w colton will be included in the trade arrangement expected to be formulated between the two 11 months. Although the report countries. Should raw colton does not say so, this is general- barter be included in the tradely attributed to the effect famul, the Japanese official US ald. Total Hollar will also ask what commodity stood at $7,300 million at the or commodities Pakistan will end of November.
horise for nuthorise import from Japan in exchange,
The report said:
ot
asses
Grain
Prices
In Chicago
Chicago, Feb. 17.
"TIILUWAE"
MAKASSAR"
14
'HAILINGS.
Fib. 19
"BOISSEVAIN"
"TJIDANTIET"
Feb. 20
Frk. 21
"TJIBODAS"
Feb, 21 "STRAAT BOENDA" Mar. 1. -TJIWANG1"
-TJPONDOK"
TAIMAN «TJILUWASI".
*TJIBADANS" "STRAAT
2
D
Mor #
· MAC 14
Mar. 17
Mar. 17
Atar F3
Mar, 32 Apr.
Apr/ Apr. Apr.
Z
An
Apr. 22'
(PTJPONDOK"
Apr. 23
Apr. 21
"TJWANGI"
"STRAAT BANKA“ "TJIKAMPER"
Tay 2
May +
May
..
"TJILUWAH"
Alay
IN
"pukaMPER”. "TEGELBERG“ "TJIWANGI
"TJIFANAS"
"VAN HEUTAZ"
*TSIHANTJET"
**JOWAII".
*TEGELNERO"
"RUYS"
Singapore. Djakarta, Bemarang,
"Bürshals, & Macsavarka, Penang, Singapore, Djakarta, Madizio
lu, M. Africa - 8. America Djakarta Bemarang, Burabala
Alacassar...
Manila, Singapore, E. 4 ́ ́8, Aletes. Yokohama. Yokkaichi
Singapore. Diskarte,
Surabain de Staessant Djakarta, Bernarang. Buzabala
diarisat
Hingapore, Penang & Belawan Dali KINKAPOTE,
KOMATERS,
Arabala & Atacasins
Japan
Mana. Mizi, Singapore, Djakarta,
Mauritius, S. Africa & 8. America · Djakarin, Remarang, Muradala
Macasar
Japan
Hingapore, | Djakarta,“
Borabala & Blacasany
Semarang.
Manila, Kingapore, F. & 8. Africa.
jakarta. Remarang,
Macastär
Horabala
Bingapore, Djakarta. Remarang,
Horabain & blacamaT
Bingapore, Djakarta, Multi
B. Africa & 8. America
Djakarta. Semarang, Surabalu
Macassar
Japan
Aingapore. tajnkaria. EPMETADS.
Aurobin & Matasiar
Manita, Singapore, E. & 8. Afrien Bakar, Remarang, Barabala
Alacakar
Singapore.
Djakarta, Bemarang,
Aurabala a Macaspar
From
Indonesia & Singapore
ARRIVALS
"TJILÙWAN" "DOISSEVAIN" *TIBANTJET **TJIHODAR“
In Port
Feb. 19
Japan
Feb. ID
Заряд
Feb 19
Japan
KING'S BUILDING, Ground Floor
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, E5ISE.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "TREIN MAERSK" "MS. "NICOLINE MAERSK"
ARRIVALS FROM U.S.A.
M.S.
"ANNA MAERSK”
C
Calling Vancouver.
M.S.
"NICOLINE MAERSK"
M.S. "PETER MAERSK” M.S. "ANNA MAERSK"
Mar. Mar. 18 Apr. .2
Feb. 19 Mar.
1
Mnr.
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos, 36066-9, )
Dates and rotation subject to change without notice.
At Uberty to proceed via other ports to load/discharge cargo,,
PENINSULAR
ARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CHUSAN”
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
SATURDAY the 21st February at 12.00 noon for thhe UNITED KİNG- DOM via Straits, Colombo, Bombay, Aden and Pört Suld.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf, Co.'s Godown at No. 2 Gate, CANTON ROAD. ENTRANCE by NOON on 20th February, 1958.
Chicago grains were mixed with a firm undertone prevall- SPECIAL, NOTE: With the exception of hand packages
ing excepting. gals and гус. Other commoditics
were pre- dominantly lower. Wheat clos- cd today to 1⁄4 higher and soybeans were 4 lower to 2%
Prices. closed higher. follows:- Wheat-price per bushel
"Despite the generally more favourable pleture, however, it must be noted that European
are still reserves
too thin the cushion to provide
re quired for flexibility in
International financing
trado bales of and payments at current price spot
Japan has envisaged a trade plan in which this country will 3,70 nominal)
export to Pakistan 200,000,000 3.31 anked
of
cloth 357 nominal yards
cotton
and 3.52
24.
1,000,000 pounds of cotton yarn against 400,000
May Spot
Contract No. 6 March May July September November March Spat
6.30
raw cotton-United Press.
5.67 bid
8.35 bid
8.43 bld
5.07 bid
0.47 nominat 5.50
United Press.
Firm Prices In Sydney
Sydney, Feb. 17. Prices at the Sydney wool anica today were dem for most Merino types, but Erinnern types were irregular and sold in
the buyers' favour,
Britain, the Continent and Japan were the principal buyers, the United States, giving-limited support.
levels
US Consumption lined during the year.
Of Rubber.
器
2.251% nominal
2.2733-
1881
THATCH May Trade among the West Euro- July pean countries themselves de- | September
December duc
Corn Spot March May July September December Ryo Mareli May
March May New York four-per 200 16. Back, 212.00 nominal-United Press,
largely to import restrictions caused in turn by shortage of Toreign exchange. Value of New York, Feb. 17.
the Intin-European trade in United States consumption of third quarter of 1952
was natural mid synthetic rubber down 12 per cent from the last reached a record et 1,200,588 quarter of 1951. On the other long tons last year, the Govers hand, the report, concluded, ment reportell. This compared most Intra-European Ваутеле with 1,214.208 tons in 1981 and positions had moved into bel the previous record of 1,288,557ter balance by lato 1932. fons used in 1950. Consumption. of synthetics rose 40,000 to last year to a record 800.500 tons, from 758,897 tona in 1981
and 637,000 in 1950.
....
1.60 nominal
1.13-1.73
7234-73. 7398-35
gular series, made by the MSA- The report was one of a re- to its public. advisory board," a' group of lending, citizens out NY Seeds And Oils side the Government It was Dea of natural rubber totalled prepared by Frank M. Chure 453,558 tons last year, down rette/ acting director of a lues were firm for Values 15.90
good slightly from 404,015 tons used:division of s'adatio end. re fccce at the Melbourne sales, in 1951, Natural rubberne-
ports, from ometal data avail but faulty lines were irregular, counted for 004,130 tons used able on November 30.-Asso- -Associated Press,
In 1950--Associated Press,
(clated -Préss
Business WEK done in the local unofficial exchange market this New York, Feb. 1.
morning at the following råten:
6.0us U.. dollar (per $1) Copro was quoted today at Alerting note per £1. $215. por short ion. Coconnut oil Indonesian guilders (per 100) was quoted at 10-3/4 cents a Sam ticals (ver 100)",
Singapore (Straita) pound, asked.--United Press,
[FIC plastres (per 100)
34,00
10.30
Now York, Fdb. 17, Prices in the seeds and olla market closed unchanged with the following exception
Flax Sood, per bushel, F.O.3. Minneapolla $3.83-United Press,
carried by passengers themselves. ALL BAGGAGE must pass through the Wharf Co.a. Godown for loading on board by ship's. sling only. BAGGAGE COQLIES WILL BE REFUSED ADMITTANCE TO THE WHARF,
EMBARKATION: Will take place SATURDAY, the 21st
February, 1953 between 9.30 and 11.00 a.m.
BUSINESS REGULATION. ORDINANCE 1952
Copies of the prescribed
Forms 1(a) 1(b) and 1 (c)
Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON TEN CENTS EACH