Page
Prices Japan's
Rising In Taiwan
Efforts To Halt Upward Trend
Taipei, Mar. 16.
Talwan is in an
Drive
THE CHINA MAIL, TUESDAY, MARCH 17, 1953.
Trade America Hoping
In
Middle East
allout MISSION COVERS WIDE GROUND
effort to bridle galloping
commodity prices.
With rice. the Chinese staple food taking the lead, prices here have been
on an
Istanbul, Mar. 16.
The Japanese unofficial trade delegation seek- uping long-term commercial and payments agree-
ward trend for the past three ments in the Middle East has completed the first months,
in December a genral rise was first scen in prices of foodstuffs. Most imported food items such as beans and canned goods rose at least 10 to 20 per cent in prices
to official figures. Drastic measures were taken
according to
by the food control authorities to meet the challenge.
The
Government dumped its rich stock into the rice market through retailers at prices live per cent less than those of the black market.
The situation was kept well in but hand for the Arst month despite the fact that Government sales continued without inter- ruption, the rice price went up about 10 per cent In January. the Bunk of China's monthly review said.
FARMERS RELUCTANT
Farmers were reported to be their surplus reluctant to sell crop in expectation of better prices, and so prices in the pro- ducing centres kept on rising. It was also noticed that illegal hoarding had badly affected the otherwise stabilised situation.
According to the provincial bureau of arcnunts and statistics, the general wholesale prices Index
558.41. in January was 20
per cent higher than the figure of 544.0 of the previous montla.
The cast of living index for publle servants in Taipei rose by eight per cent during the month because of the accentuated rise in the prices of foodstuffs, fuel and other daily necessities.
Governor K. C. Wu gave the Island's hoarders and black- market operators grim warnings, They ware reminded they would have to face court murlinl if they with the failed to co-operate authorities and that the death
penalty was a pontinued to
Rice, however, lead other commodities in
It made
the
further
price
frantic race. advances in February.
the At present "Tonglal" rice (best quality) Is $1.80 Taiwan currency per catty... This is double the normal price more than three months ago.
MEDICINES SOAR
In the meantime,
medicines
began an even more unnatural
rise in prices.
-huet,
In an official release, Dr Yen Chun-
director of the provincial health administration, naid prices of chloromycotin and oll had inercased penicillin in
most unreasonably,
He had successfully approached the rural health division of the Joint Commission fur
Reconstruction
Rural through the
Council for US ald (CUSA) to stur: a large-scale allocation of
US al medical supplies,
half of its mission.
Led by Mr Shinsuke Asao, Japanese shipping" magnate, the 12-man delegation has in the last month had talks with government and business leaders in Egypt, the Lebanon, Syria, Iraq, Persia and Turkey.
the
The delegation is now re- | getting, petroleum shipments. uucing the route which brought The delegation spokesman said. it to Tukey and hopes on that
Japanese Embassy the way to reach zeme definite there Was continuing the agreements.
negotiations and a "favourable outcome" was likely,
The give any tankers would be used for transport.
establish
A spokesman for the delega- tion emphasized, however, that its prime purpose, had been de contact preliminary with government and cominer- cial circles.
done to be Much remained before the full rewards of the mission's visit euld be rested.
Much weld depend, for example, on improved political relations with the Middle East countries, such as the establish ment of Jupe diplomatic re- presentation in Turkey.
41 was
In the Lebanon also planned to upen 21 Jazinesc Consulate at Birut,
The mission barl talks Persia
the parability
on
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stack
spokesman Veclined to details such as what
All the countrigs visited had shown interest In Japanese machinery, including agricul- tural implements and vehletes, Interest in cotton Foods WRE less.
15
ONL
In Turkey, an agreement principle had been reached Japan receiving collon osi ♫ clearing basis,
EGYPTIAN COTTON Front the Lebanon, Japan was' seeking furs, olive oil, asbestos and perhaps tron ore, and from Syria cotton, and barley,
For Increase In Cotton Exports
Washington, Mar. 10, Senzier
C. 1, # Democrat from America's cotton belt, sald today the celton State were hopeful falks recent between the United Htates Secretary of State, Mr John
that the
Foster Dulles, and the Bri-
tish Foreign Secretary, Mr Anthony Eden, may result in an increase in this coun- try's cotton
exporta Mr. Hill, who represents Alabama, added that the recent International cotton Koods conference in London had adopted in principle the American cation industry's proposal for removal of currency and trade rextrile- tions and the stimulation of cotton consumption all over the world,
This ties In," he said, with the recent can- ferences between Mr Eden and Air Dulles. The can- ferencek were of creat interest to the cotton States that look anxiously for any favourable developmenta".
Reuter.
British Hallmark
Complaint
London, Mar. 10.
Five-Year Plans MESSAGERIES In Soviet Union
A
Great Success
Rapidly Overhauling W. Europe
Geneva, Mar. 16.
The five-year plans of the Soviet Union have been so successful that by 1960 its industrial capacity will be equal or superior to the combined total of the seven most industrialised countries in West Europe, the United Nations Economic Com. mission for Europe said,
The two areas have the same population. In 1951, there were 207,000,000 people in the USSR ande same number in Belgium, France, Italy, Luxembourg, the Netherlands, the United King- dom and West Germany,
"There are indications that if present rates of expansion are maintained, by the end of this dazade the production and con- sumption of major industrial w materials in the Soviet Union will be equal
.superior to that in the seven most iniur- trialised countries of Western
ECE 12 Europe," said
1s "Economic Survey of Europe since the war".
It reported that, while Sovlet targets for industrial output will be exceeded, Western Europe kas been undergoing a recession for the past 18 months which Was continuing at the beginning of 1953 (when) there was stagnation in production and shrinking in trade".
British jewellers have asked the President of the Board of Trade. Mr Peter Thorneycroft, to do something about Ameri- say, can jewellers, who, they are copying their hallmarks.
The six hallmarking corpora- spokesman
of were tions have sent the President a negotiations
both countries ist of six "authenticated cases
of American imitations."
The delegation said these
difficult because
wheat
hud double customs dues Japanese goods.
on
But he added that both govern- ments had agreed in principle to drop them.
With 1:34, an agreement was kely to be easier as both coun- tries, can trade in Sterling.
In Egypt. Japan is chiefly seeking to increase rice pur- chases and
stop up buying nt. Egyption cotton.
The Japanese delogation Exchange this morning amount-spokesman said the
Japanese quota- to $188,080. Noon
Embassy in Calzo was negotiating
でも
tions and the morning's trims and hoped to complete the cut- ections:-
lines of an agreement on a clear-
SHARES ROVERS SELLRES SALESing basis in a formight-Reuter.
LANKS
TIK Bank KD 1325 East Asta INSURANCES
Union DOCKS, ETC
Buck
Wheelock LAND, ETC. UK Hotel UK Land O Shat Iand.. UTILITIES
Tram XJ
Star Ferry
140
775 786
1.40 19
19.30
15 F
143
PAKISTAN TRADE
Tokyo, Mar, 16. A Trade Ministry spokesman told Reuters today that Japan hopes the trade talks in pro-
here with gress
a Pakistani trade delegation will result in 1.90 the successful conclusion of a trade agreement by the end of this month.
300 18.42 500 w 10.40
who l
000 48
29 200 1900 10T XD C. Likit (0) 9.15 0.20 1700 ** C. Light (N) Electric
6 1000
XD 20.00 21.30 16
INDUSTRIALS
Cament XO . STORES, ETC.
Daley
.....th.00 Waton XD. COTTONS
Fiwo
At the same time, he wanted MISCELLANEOUS
to broaden the existing screening
moosures, in order to meet the demands ganisations.
if
of all consuming or-
The health director said that are ADL medicine prices
lowered in the near future, the administration will further re- quest CUSA for more suppiles on the market with view 10
Cover all 22 cities and hsien (countles). By adopting this drastic measure, be believed, medicine' prices
will
soon be forced down to normal again.
United Pres9.
Mixed Trend In
Wall Street
New York. Mar. 16. Railroads advanced but most
of the rest of the stock market was narrowly mixed with price changes of fractions to a dollar
a share either way.
Traded:
1,700,000 shares, Some atrals and motor-cars Joined the rise while Dome uulities and rubbers declined.
grains closed wheat 225.75
At Chicago lower -- March
33.01.
..
Japan's Budget
Tokyo, Mar. 10.
Yangtze .... 5.000
13
20.00
2',
20
The
the not
sald spokesmen 19.90 Pakistani delegation had
9.21 yet replied to a Japanese pro-
posal that Pakistan
buy 200 million square yards of cotton picce goods and 25 million 15s. of cotton yarn" annually in ex- change for 500,000 bales .of Pakistan raw cotton.
5.90
BOUT 31.
400 or 21
21.14
703 - 2016)
330 19
Grain Prices
In Chicago
Chicago, Mar. 10. Prices of grain futures closed today as follows:-
wheat price per bushel.
22732 nominal Spol Ainrel Mu3
2.29-14 July
2.31- September
2.34% December
2.38 Corn
1.59% 1.50 1501-1.50 1.02-1.021 1.611 1.082
1.73 nominal 1.702-1.773
The spokesman said although the delegation had not mention- ed a definite figure, It was be lleved Pakistan wanted to sell Japan more than 500,000 bales of raw cotton annually.
that
The spokesman added the Pakistani delegation had indicated that Pakistan wished to buy Japanese steel products und machinery.
They say one American com- pany have copied the Birming- hami hallmark of a lion, an an-
chor and the Cothie letter G. which is the Birmingham date letter for 1830.
the the
The
clalin jewellers Amerignon have registered anchor as a trade mark in the United States.
la Britain forgery of hall-. marks is a felony
The
the
ask corporations Board of Trade to take steps to secure cancellation of the registration of all U.S.A. trade marks which are imitations of British hallmarks and to nego
tiate an agreement with the U.S. Government to obtain re- British hallmarks." rognition of and protection for
Similar action was taken effectively in 1911 and 1939,
Plans For Higher
Steel Output
that the "cloud or ECE said difficulties" in some industries should not obscure the "picture achievement" of Soviet bluc on the
hnents who have
MORE OIL
in
CZECH
SHORTAGE
OF METALS
Wood Substitutes Being Used
Vienna, Mar. 16. Metal shortages in Czecho- slovakia have forced the use of wook subalitutes and a "pressed sawdust ball bearing" has been invented, according to Press reports from Prague.
The Czech Communist organ Rude Pravo" said:
the of "Employees
(formerly the Skoda Works Works) in Pilsen have been looking for new raw materials
cast
Lenin
planned
successfully, grated their order of priorities
At present the output of coal. the electricity and steel Soviet Union is about "one-half to replace non-ferrous metals, Iron and other metals of that in Western Europe and which have hitherto had to be is increasing at a much faster Imported for foreign rate than can be expected for specially pressed wood
gn currency. Western Europe".
will be used in future for the production
of polishing disca, instead of copper. It will also "The Soviet Union will havelbe used in the production of
measuring mure oll availble in 1956 than large
Instruments, Western Europe consumes at and Instead of aluminium pads present. The output of all, by in foundries. ntmost Publing in five years, "The wood industry research will be a million tons, exceed-jinstitute in Bratislava ling de- Ing the 60 million tons set bylivered to the Lenin Works half- Mr Stalin in 1946 as the torget finished bearings made from for about 1900." If the target prosed sawdust, They will be set for the
1031-55 five-year used particularly
in electro- plan is reached. This seems technical factories and will re-
༤ likely because production is pice expensive bearings made increasing
10 according plan from non-ferrous metais: and non-agricultural employ- "The new raw material can ment will reach its
target in also be widely used instead of three years instead of five, ECE bnkelite in the production of various handics, holders, tincs and so on, which will be cheap-
ዳር
Gold.
West
In comparison with
cr and of better quality."-- Europe, the standard of living United Press. in the USSR is "on the average con- considerably lower and sequently a much higher pro- portion of personal consumption Js devoted to "food"-~-
"Overcrowding in town well-
is inordinately
great," reported ECE.
18.
steel plans ings during iscal
Tokyo. Mar. Japan's three biggest companies are drafting to increase production the Arst quarter of the year of 1953, despite the recent adverse export situation for the industry.
The Yawala Iran
and Steel Company has drawn up a pro- gramme for the production 377,950 tons during the April- Fuji June period, while the Iron and Steel and the Nippon
of
USSR defence expenditures have been steadily increasing. In 1952 they were equivalent to 72 per cent of gross invest- ment in fixed capital, as com- nared with 80 to 85 per cent in the United States and 70 per cent in Britain, ECE reported.
and It said that agriculture
their targets in the last plan and that most of the increase went to investment and defence.
Trade sources here said the steel Tube Company are plan-light industry failed to reach
most significant question was
own
The Trade Ministry said the trade agreement would probably provide for an exchange DI goods totalling about £35,000,- 000 Sterling each way-Reuter,
TAIPEI OFFER
Japan
The
The--Rubber
Markets
Singapore, Mar. 16. Pelecs of rubber futures closed
today as follows:-
Number 1 rubber, per lb.
April
May
7136-4 717-12
Juno
Number 2 rubber, April 085-09 Number 3 rubber. April
Number 4 rubber, April
2012-719.
74-60 81-83
Spot rubber, unboled .. Blanket crepe
No. I pale crepe
United Prem.
LONDON MARKET
London, Mar. 16. Prices of rubber futures closed today as follows:- Number 1 rubber,
in pence per th
4Pri
MAY June
April/June fuly/September
October/December United Press.
how much Japanese cotton piece 300 tons and 2 1,600 tons, re- ning production igures of 215,- goods Pakistan would agree to buy. They said Pakistan bad
the Is barely equal tọ she would much pre-highest indicated
GREAT EFFORTS quarterly fer Japanese cotton yarn because gure attained by
production the three she was building up her
The current Ave-year plan, Grms before the output IC. cotton spinning industry.
Russia's fifth, "aims at increasing strictions were imposed last
national income by 60 per cent medium year. Besides, three
as the result of an increase of 70 and small open hearth makers
per cent, in industrial output and are also said to be planning to
of 40 to 50 per cent in agricul increase their output.
The volume of tural However, sme steel material investment is expected to be 90
output". Spot March
exports have declined by about invest
in the May
50 per cent since the year-end, per cent higher than July
Tokyo, Mar, 10.
previous 1948-50 plan. believe ebservers
stedi previous September
the has received from December
makers will be compelled to Taiwan an offer for barter at rely on the domestic Ryo
market being made to March
200,000 tons of sugar for 500,000 for the disperal of their anish-ductivity by one-half in the May
tons of ammonium sulphate, ed products.
five years ns planned" but ful- according to sources close to 743-
They believe there will be filment of the plan to increase March
the Ministry of Internallonal no large-scale increase in 74-743
the Industrial output of consumer
New York. Mar. 16. New York flour-per 200 b. sack Trade and Industry.
domestic price for steel, 43 goods by two-thirds .pends on World sugar fulures closed $13.13 nominal-United Pres
Oficials,
however, believe hoped for by the steel Indus- obtaining from agriculture auf unchanged to 4 lower.
foodsturs Contract No. 6 closed 1 lower this fertiliser figure is 150,000 try, although the price has been clent quantities of
and textile fibres for processing. to 1 higher with sales totalling โร
Taiwan's showing a tenueney to rise re-
Agricultural of fertil-cently.-France Presse.
pruction has 97 contracts. annual consumption
shown the least increase, having sers and suspect China might be
attained the 1937 level as late thinking
of re-exporting ount to other extra amount
1950, "but this time for Mas July greater increases are planning September in crop production", according October to the report.
Date
May
LONDON TIN MARKET
Spot un, nëllurg
Three-ironilis Uni Business done at Balliement
tom
spore
countries. Asian
the
South-
am-
Ore Carriers Being Built
As
15
ECE said "great efforts are New York Sugar
pro- increase
the
Futures
Contract No. $ (world)
3.24 nominat 3.20 bid
5.51
9.20 bid. 5.23
January March
Contract No. 0
The EOE survey also painted May
same
of achieve | Spot "picture ment" in the satellite countries.
"The facts confirm this. The May targets for Industry generally | July have been hit. A revolutionary September transformation of the industrial March structure has been carried out." Spot
United Press.
November
5,81bid
8.01.
Danominsi
8.83 Nominal $15
United Press.
cents a bushel, March maize 156.
cast Cotion futures closed eight 10
As the total amount of seventeen hundredths of a cent
London, Mar. 16. per pound lower with May at
The tin market was steady monium sulphate Japan cun 33.80; July, 33,90; October, today.
Turnover was 50 tons, spare for export annually
New York, Mar. 10. cash. about 500,000 tons, it would be including 25 tons for
Construction of four alumin- Spot closed at 34.35.- Asso-Prices closed at the end of the impossible for the Japanese tou ore carriers for the Pan- clated Press.
oficial morning session as fol- accept the proposed deal, unless Ore Steamship Co., a
wholly Formosa cuid down the figure-owned subsidiary of the Alu- France-Presso.
minium Company of America, and CEMENT EXPORTS
1 progressing in Sweden
DA- Britain, the Company. Tokyo, Mar. 10.
nounced. Japan Will export nearly
ot the o ships, a Largest 87,000 tons of cement in March, 31,000-deathweight ton occan-
U.S.-Pakistan Talks according to an estimate of the going carrier, founder con-U.S. Sulphur Quotas Japan Coment Exporterstruction in Britain: Tho
Karachi, Mar, 10. Association.
This will represent an increase bulk carrier and two shallow- others, a 20,000-deadweight ton
Washington, Mar. 18. The Pakistani Foreign Minis "The - Commerce
Sir Zafrulla' Khan, dis- Department ter, than 0,000 tons from draft, 0,000-deadweight
ton
closed in Parliament today that Budiners was done in the focal February Buyers are expected units are now building at the announced today: that the ex
sulphura treaty of friendship,com- market is to include special procurement Lindholmen Yards at Goteborg, por quéla for critic exchange morning at the following rates:- demands for American forces in Sweden,; They will be used to in the second quarter this year merce and navigation was being
between
Pakistan 15.03 Japan, Oklunwa and Korca, carry bauxito from Trinidad will be 332,500 long tons and negotiated
sulphur and the United States. He could 21.00 roughly 37,000 tona; Hongkong, | and " Surinam to processing the, quola for refined
12,000 long tons not say when the treaty would 10,000 tons; and Bangkok 7,500 points in the United States. — exports
be signed.France-Presse. United Press. 15 tons-France-Presse,
Associated Press.
The Cabinet this morning approved n provisional budget
plan for the general account to fill the 'Budget vacuum" created
by last Saturday's
of the Lower House,
dissolution
The dissolution had left the
1953-54 budget bills unericled.
The provisional budget plan cover the first two months the next fiscal year totals 114, 602,000,000 yen In revenue and * 240,040,000,000 yen
lows:-
Boat tin, buyers
952 Business Gone pit
042-931 Thrve-months tin, buyers
047 selter 143
04215-947 151 United Press.
Exchange Rates of mar
more
to
of
umoficial
U.S. dollar, (per #1).
in
ex-
terting note foer 1)***** indoneila kuliders (per 1007 Siam Ucals (per 100)
Singapore (Stralte) FIC Diastres (per 100)
16.34
penditure-France-Presse.
པ༷།
M
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Mar. 27 from Singapore,
Mar, 28 for Kobe & Yokohama,
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