MARITIMES
M
PASSENGERS/FREIGHT SERVICE
"FELIX BOUSSEL" "LA MARSEILLAISE"
Homewards
"FELIX ROUSSEL"
Leaves Marspülus
sailed
Hongkong
11 Apr. 10-12 MAY
For Malin Yokohama
Duo Marvelitep
10 Apr.
SO MAY
$
15 June
Via Balcon Balcon
17 Apr.
Itongkong
"LA MARSEILLAISE" 22-23 May
via Marsellies to all Mediterranean & West Africa porta, Tia Piibouti to Madagascar,
There is a shortage of tonnage on the Atlantic Beaboard of North America, particularly in the U.S. Northern range and U.S. Gulf loading dis- MONKAY" tricts.
This Military Sea Transport Service has taken an additional 23 Liberty type and sy Victory-class vessels from the reserve pool for a period of six to eight months, at $1,800 a day.
Although no explanation has been given for this move, it la thought that it is either in sup port of increading needs in Korea, or a feruaril against another period of inflation in freight rates.
As result of the ruling that one-half of all cargoes exported under the US. foreign aid pro- gramme must be carried in U.S. ships, high premiums are being demanded
by American owners, Two US. ships were booked to carry sulphur from Galveston or Port Sulphur to the UK. at $10.75 or $10.25, according to position. These rates compared with $6.50 paid to a British ship at the end of January,
HIGHER GRAIN BATES Foreign owners are also beno fting from the present scarcity of tonnage along the Eastern Coastline of North and South America. Heavy tonnage de mands by the U.K. Ministry of Food for loading grain in the St Lawrence has contributed to this state of affairs.
Since chartering was com- menced in carly February, U.K shippers have booked proximately three dozen vessels,
NY Foreign Exchanges
Canada (dollar) England-official
H
unofficial 30-day futures 90-day futures..
Australia (pound).**: New Zealand (pound) Belgium (franc) South Africa (pound) Domark (krone) France (zane) West German Deutsche-
mark
Holland (millder) Italy-oficial Norway (krone) Portugal (scudo) Sweden (krone)
Switzerland.free
Closing Inie
April D. US$1.01
MIDDLE EAST Fayat (pound) Iran (ri) Turkey (lira) Iraq (dinar)
LATIN AMERICA Argentine--oMelat
201ม 241-0/10
2.2310 250
201
01001E
€1455
.00201
Outwarde
Homewards "MEINAM" *PEI-HO* "MONKAY"
FREIGHT SERVICE
Leaves Dunkirk-19 Apr.
LOATER
•Keelung-28 Apr. Keelusz-t# May ...........Kerlung-29 June
Hongkong
Fot
27 May
Hongkong
10 Apr. 30 RINY
1 July
Зарад
For
† Salgon, Marseilles, Aiglers, Oran, Tangiers, Casablanca, Le Havro, Antwerp, Rotterdam & Dunkirk CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong Queen's Building (Gr. Floor)
Tol. 26651 (8 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, DALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES and PANAMA.
0330
NEXT SAILINGS
PLY. "LEXA MAERSK”- #.V. **PTER 'MAERSK“
m.v, JEPPESEN MAERSK"
Apr..
May
May
Calling Vancouver
2,0714
35
ARRIVALS FROM U.S.A.
inv. "LEISE MAERSK”
Apr.
0723
.v. "EPTESEN MAERSK
Apr.
0500
#.V. "QUETE MAEZİK”
May
0103
.0002
.4020
1104
.0030
2000
FAR EAST
2115
1730
Brix (cruzeiro) Bolivia (boliviano) Chile-free
ap-
Columbia (peso) Cuba (peso)
but the cargoes involved Kru Mexico (peso)
somewhat several carriau
higher
because Peru-free
Uruguay (pero) are chartered Venezuela (pollvar) for two voyages, Ratos cur- rently paid are on the bagls of 11s per gr. for early loadings and 10s id per gr. for the Inter shipment dates.
In the U.S. Northern Range grain markets a vessel has been booked at 75s per fon for April
India (rupee) Pakistan rupee) Tiongkong Indonesia Bingapore Japan
300 yen to US$1 -United Prezz
vessels because they are much orders ut below coste" prices INDUSTRIALS 12.70 10 500 65 17.70 loading to carry wheat to South U.S. Urged To End
slower.
Japanese ocean-going ships
and to dismissing their em- Cement ployees when there is no work.
at the end of 1952 numbered for them to do.
332
2,047,051
23 of the 178,581 tons
#T055
more was
New York, Apr. 0. Slocks failed to sustain
the ions. Yally of the past two sessions Keating today, but their decline without pressure as trading foll to the lightest level since mid- February.
The voluine was 1,320,000 shares compared with 1,000,000 shares yesterday. The drop was in line with the analysts ex- poetations of a further probing of the recent lows before any sustained advance.
Twelve dockyards sent ships tendors recently for building were 50-ton barges and 250-on boats capable of running at than 10 knots. More than half for the Government, The dock- won the contract the total had a sport of. less yard which than 13 knols. The 23 superior offered a price one-third to one ships were 22 freighters and an half of that quoted by the other
bidders.-Reuter, tanker.
Owners Buy that lack of high speed ships has particularly affected Japanese services on the New York, European and Australian routes.
Fearing that, if the situation All leading groups gave continues, Japan may be forced ground with olla, chemicals, and out of international competition, rails the hardest hit. Industrial they have fled applications with stocker over all declined 71 cents, the Transport Ministry for con- Nails were down 71 cents and struction of 14 high speed ships utilities cents.
during the first half of the 1953 three were Chemicals.ns a group, how-scal year. Only
bulli for
shippers Japanese were among the widest Josers, Losses in the oils ranged during the whole of 1852 scal to 2 points. Steels eased with year. Bethlehem down 1.4 to 50 and
ever,
Of the 14 ships for which
1. US, steel to 39. The applications have been filed, five market was narrow-only 1,147 issues traded, Of these 580 declined, 81 to new lows, 284 advanced and 275 unchanged.
Dow Jones average at the end of the session slood as follows:---
30 industrials
20 ralls
40 bonds
270.23 104.43 52.00 00.95
United Press.
15 utilities
LONDON TIN
MARKET
London, Apr. 9.
The tin market was steady
New York Rubber
Futures
Electric .... 22.30 23.10 Telephone
.. 14.70
STORES. ETC.
Dairy Wataon
2000 14.00 1500 @ 14.DO
500 9 14.10
500 g 14.30 500 g 14,40
40.10 20.00 1500 # 20.00 21:00 6:00 17 21.70
COTTONS
Ewo MISCELLANEOUS
Yangtze Realty
2.45 1000 24
0.18 0.20 7500 a 8.30 2.50 2000 245 0000 @ 250 1000 @ 16234
Korean Truce Hopes Worrying American Business
New York, Apr. 9.
U.S. businessmen wish today they knew how
a Korean truce would affect their daily lives. like to know: So would the Government.
They are not alone. Their customers would
New York, Apr. 8. Number 1 rubber futures closed today 5 to 20 points | sive." higher with sales of 29 con- fracts. Prices closed today as follows:-
ever bo-
Africa, against Gis 6d per ton pald earlier. An extra Os per. ton was paid, at 468, in covering
order for the Antwerp Haraburg range.
on
Gulf grain
Restrictions
New York, Apr. 9.
The National Foreign Trade
From the US. vessels were Axed for Immel at Council has urged the Covera $10 and $10.10 per ton; comment to end restrictions, on im- pared with $9 in January, while Ports of cheese and other dairy the rate for Trieste has reached Products Immediately. A Sconto a new peak of $9, or 55 cents Committee is now studying per ton more than the "high" proposed now controls which recorded earlier in March,
would
replace those expiring on June 30.
COAL SHIPMENT
In a statement to the Com mittee, the Council opposed the A harder tendency has curbs saying they not only developed in cool shipment violate American commitments rates, with 359 and 34s 6d a tan under the General. Agreement sought for single and consecu-on Tariffs and Trade, but are tive voyages to Antwerp or contrary to other policies favour Rotterdam, compared with an ing expanded world trade-As- carly March average of around sociated, Press
325,
A dearth of early tonnage exists in the River Plate дол shippers are having to offer up- prociably higher rates in order
Pakistan
Bid To
other trades. Last week a gain in attract vinsels in ballast from Raise Rice Output
of 10s por ton to 80s was re-
shipment of wheat to India, and 90 cents per ton more, at $8, was pald for the May voyage to
corded, for May-Jund and June
Karachi, Apr. 1. Pakistan's Prime Minister, Mr Kwaja Nazimuddin, said here to- day that his Government was In all three cases, search for further "stretch-out" of spend-West Italy.
obtaining the services the answer gota 'far beyond the Ing for armament.
Japanese technicians to help obvious query as to the next The administration
Facile coast markets have make the best use of fertilizer move in Russia's "pence offen-fore the truce move was looking been quiet in recent wooks, in increasing the country's rico
for ways to cut military expen-partly as a result of the output. ditures if it could be done with- weeks old strike of grain cievn- Pakistan would import 100,000 At first glance, many business out hurting the combat situation for workers in British Colum-tons of ammonium sulphate to leaders see no reason
bian to lose o
parts. Many shipping increasé rice production in East In are their
many contracta confidence in lively
in schedules have been disarrang-Pakistan, he said. Reuter. and rising
development pro-ed, putting several vessels in a civilian demand
grammes strong enough in itself to sup- of atomie energy) for which to the owners concerned to accept (such as applications "distressed position and forcing port a healthy economy.
cutback appears probable, And But they still would like to an end to the Korean fighting stop-loss freight ratés. 23.30 nominal know If the Government will cut could mean an increase in arme
down on defence, spending and
shipments to other trouble spots. Some analysts feel the Im- case tho tax on profits; also if customers will continue to buy portance of defence spending
as a support to the nation economy has been
Number 1 rubber standard.
May July September
23.40
21.30
23.30
December
March Blay
2410 23.00
Number 3 standard, May July, September December March
Spot tin, teller
May
Business inne at
Three-months it, buyer
Three-monis tin, selier
Butines dona at Settlement
nil 11021 Bot 603-60231 130 United Press,
at the lower levels. Turnover was 60 tons. Prices closed 10- day at the end of the official morning session as follows:- Spot tin, buyer.
Bank Of England
Statement
London, Apr. D.
The Bank of England state-
f, reads as follows:→→
Notes in elteylation ........£1,517,326.333
Publia deposite.
21.43 bid 21.25 nominal 21,18 nominal 21.03 nominal
21.05 nominaj
21.03 nominal United Press.
2
in volume at present prices.
Consumers wonder if jobs will emphasised. stay plentiful and if prices will decline or hold steady.
Government officials are in-
over
· MANY NEEDS
General Motors delivered de-
Singapore Rubber terested In whether business fence items totalling about 20
Futures
But in its
EASTERN BUSINESS
Business in the Far Eastern
trades has been practically at a standall during the past two
Ban On Japanese Textiles
Nairobi. Apr. 9.
the
wecks. This
No import licences for Jap should not be associated with the decision anese textiles will be issued by taken by Britain and other coun- shy East African territories regarding the shipment this year, the East African High tries of strategic materiala
to Commission cald here today, Cmist-China
and · North For goods other than _texilles While the lot of strato: there will be some relaxation wiH go ahead with plans to per cent of its sales last year, gic materials has been extended, of existing restrictions, spend $27,000,000,000 this year
annual report it there is not expected to be any announcement sald-Reuier. on new plants and equipment, describes such work as "con-large contraction in the volume and whether corporate and siderably less attractive than of lawful trade with China. personal income tax cuts would commercial business, from the Singapore, Apr. 9.
ceronis me awaiting shipment stimulate enough spending to standpoint of shareholder's re- futures
turn. prevent my nerlous drop in
It adds
that when "defence
our bellef that inchuiry's whools will continue to tum at a 031-
satisfactory rate. There are a Opinions on these questions kinds BOSS-NA
needs to of customer vary; the actual picture will be satisfy." -0% come clear only on day-to-day
The new peace moves falled
Prices of rubber closed today as follows:-
Number 1 rubber,
per ib, May
May
Juna ment for the week ending April | July
Number 2 rubber."
May
rubbery 50,790,141 Number 3Hi 334,474,895 358,970,000 Number ..
rubber, 29,100,000 31,617,354 Spot rubber, -unbaled ****
ablanket crepe **United Pr
No. 1 pale crepe
Private deposit......
Government securities..
Other securities
Receipt
Bank ralio
N
May
59-81 76-79
United Press,
Fall In Grain Prices New Orleans Cotton
..
Chicago, Apr. 9.
Chicago, grains and leading commodities edged into a lower
· ground,on'ádlow commercial \de-- mand and scattered liquidation after an parlier stendier opening. Wheat clooed 1.4 to % lower and soybeans wero lower United Press.
to 1%
Futures
Spat
July
32.05 3311
33.36
October Dromber March MAY
sales volume, if a business deeds become less acute, it is there is a shortage of mustable
back occured.
OPINIONS VART
to
.....
"Large quantities of mixed
from North China ports. to Eumpe, but, as in other areas
Vessels:
Australian shippers have been successful in obtaining lower freight rates. By switching into moro forward loading positions, the obtained concalonant
developments.
This level of freight rates for Among those disclaiming any men. Investor Interest in about on per ton.
Chemicals & Dye Corps intent to trim expansion plans $200,000,000 bond issue the Mediterranean ore, phosphate le Gullyin A. Price, President of inrgest ever offered by an in- and pyrites cargoes has shown. Westinghouse Electric Corp. He
dustriat company. It sold out iftic change,
says his company's $300,000,000 quickly.
on programme is geared
This display of confidens to peacetime growth and, in the coincided with a recovery move long run, should not be affected on Wednesday in the stock that- by possible changes in the ket wherb- jittery, traders: on datenice ment":
Exchange Rates
London Rubber Market
London, Apr. 0. Prices of rubber futures closed today as follows
Ninber & rubber,
in pence per
Judo
Juy/Bepte Ciclober/December,
2014-15
United Press.
Japan Opens Bank In Karachi
Budham-was-Gorio. In the local
Karachi, Apr. 9. market This
The "Japsipeno Amingador, morning at the dolzwing Eajes 13" dollar({par."}}}
Mr Kiyoshi Yamagata, tonight horting hôte tiến đếtị
roponod, er branch of the Eagle st notIndonesian guliders (per 100) 10.10
Zokya 2 in "Karuchhh, first *Islam “Llenía :(per. 100)
29.10
Japanese – bank over-to-havo Singapore (direita)
1.80 F10 pinsleva (Dec, 2001 | „12115 | an" office in Pakistan/Router.""
c. production require
require- | Monday, and Tuesday, unloaded Bellet widespread that shares at lower prices,
The comeback was oncourage Korean peace would indrowo ing to those who look "Die 31.54 bid pressure-in Washington"" "for": "a | business to prove it to 33.81 Hid balanced budget und -tax rem ffafraid of ponca,“ →→ Associated
duction, to be accomplished - by ["Prets,
01.01
Press,
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building.
Tel. Nos, 36066-9
Chinese Freight Booking Office
27, Connaught Road, C.
Tel. 20461
Bates and rotation subject to change without nolles.
At liberty to proceed via other portà, to lond/discharge cargo.
EVERETT
E
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calculta and Chittagong.
"BRADEVERETT"
Arrives. Sylis
Apr. 22 fram. Manila... Apr. 23 for Singapore,
Rangoon &
"REBEVERETT"
Arrives Salla
Apr. 24
from Singapore, Apr. 24 for Yokohama,
(Accepting cargo for transhipment) Кофе/Кран and Kobe/Okinawa)
Penang, Calcutta.
EVERETT STAR LINE Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports,
In Port Soils
Loading
Apr. 10 for Singapore, Port Swet. tenham, Madras, Colombo,
·Bombay, Karachi, Khor- ramshahr, Basralı & Bahrein,
"STAR BETELGEUSE"
Arrives Salla
1
Apr. 22 from Singpaore, Apr. 23 for Kobe
& Yokohama,
(Accepting cargo for transhipment)
Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP, CORPORATION. S/A
Quech's Building, Telephone 31206, Chinese Department: Telephone 28293,
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