MARITIMES
Tel: 20051.
M
PASSENGER/FREIGHT SERVICE
"FELIX ROUSSEL"
Leaves Marseilie
June
"LA MARSEILLAISE 7 July
**VIETNAME"
flamewerdz
"FELIX ROUSSEL"
ilbarkon _10-11 · July ન .. 4-14 AUE-
For Tokohama Salton
· Yokohami
Due Mararile, Via
17 July
Leaves Hongkong 25 July
25 Лив.
27 Aug.
14 Sept.
"LA MARSEILLAISE" A August "VIETNAM" ......22 August
Manila
Balgon Basgo
vin Marseilles to bll Mediterranean & West Atries porta. vla Djibouti to Madagascar.
Australia's economy, which has been riding on the sheep's back' since last century, is now finding the ride a little rough as synthetic yarns pour from American and European textile fac-Outwards tories.
"MONHAY" "SILVERSANDAL”
Today, Australia, producing 28 per cent of "MEKONG" the world's total clip and 60 per cent of the fine "FEI-HO" Homewards Merino wool, is fighting the advance of synthetics MONKAY" with a vigorous wool promotion and scientific "ILVERA
research
tho
programme.
That is Australla's part in the world-wide campaign directed by Secretariat,
International Wool
organlantion find financed by the Australian, New Zealand and South African wool growers,
an
HONGKONG SHARE MARKET
more than two mifilon grt. The number k
orders received in the new first five months of 1953 was considerably lower than In same period last year, although the
delniis of the extent of diceline But were not yet available. reports
received from individual frins showed that fewer
On the home front, the Aus- came l, from German ship
tralian wool scientist has been set companies na niany of them the never-ending task of Im- have had
to suspend or cut proving the quality of Australian their building programmes be-
Wool
and boosting the eficiency cause of nancial considerations. of the industry.
customers, on the other Foreign
Much line hand, showed growing
already been done. rçlucturee Much more is planned for the to place
new orders
with future as more funds become Business done on the Stock German ботать fearing
that available. A recent annouace- Exchange this morning amount prices
lees might become too high ment that Australian wooled to $559,157.60. Noon quota- owing to rising production costs, scientists hari perfected a process tiens and the morning's trans- Foreign customers, he pointed to prevent wool from shrinking netions; out, had to accept the risk of 30
cent per
sliding price-scale einures, on which German yurds insisted. Foreign yards demanded only # 10 cent sliding price- senle, b
The raw material position for shipyards had improved greatly in the past few months, the Association spokesman usserted. Shortages that were reported ju
to a depression In the rest of the / They akeet the old civilised coun- $1,000,000. In the total murket autumn no longer existed for
соп-
ties,
THE DANGERS
values.
Total sales for the day were 1,000,000 shares, compared with 920,000 chutes on Friday. the dullest session.
There was a light stiffening
Jones
(From Our Correspondent).
is only one of many achieve=| BHAKKS NUYERS SELLERS BALES ments.
In
approximately
DANKS
11.K. Bank_.. INAURANCES
Canton Union ILK. Fire SHIPPING
FREIGHT SERVICE
.Europe -Saited „Hamburg-Halled
«Keelung-2 June Itorlung-12 July
Ingkang
For
16-18 June
Japan
28.20 June
Zapati
+
15-10 July Bongkeng
Марац
For
13 June 11. June
| "SILVERRANDAL” ..Keclung-20 July 28 July
.Keelung Angust
10
August Saigon, Marseilles, Alders, Oran, Tanglers, Casablanca,
Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON. BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA,
י-
Juho
10
July
July
17
NEXT SAILINGS
1630,
1030
M.V.
"ULGA MAERSK”
m.v.
HULDA MAENAK"
750
in.1.
"CHASTINE MACHSK"
140
Waterboat
ARRIVALS FROM U.S.A.
15
Ala Nav
1.30
h.v. "CASTING MACHSK"
DOCKS, ETC.
K. Wharf...
In Port Busy A-3
70
N. PL. Wharf Bis 1800 16
500 5.60 Provident. 11.70 11.00 3000 11.80 1300 or 11,70 Wheelock 7.30 7.53 300 ** 7.0o 400 & 1,05
11 Hotel.. 7.65 74% 4000 7.70 JE Lond ... (29) 43 582 03 90 02
133.V. "ELSE MAERSK“
n.v.
July 3
TREIN MAERSK"
July
10
font-rol Was
•
Australia, ane quarter of the annual ex- penditure of the Government- sponsored Commonwealth Scientific and Industrial Research Organisation (C.S.I.R.O.) devoted to varlous aspects of wool research.
Before 1040, much valuable research work had already been world.
the big shipbuilding firms done by C.SA.R.O, exports team- "I cannot help asking where
although medium and small-ing with the various State De-LAND, ETC. we are going to be when even a "This is because the industrial
sized yards were still experiene-partments of Agriculture. Liver small recession occurs in the end agricultural equipment of
ing certain difliculties in getting duke und "black" disease became United States, perhaps as a the new countries is still in-
the necessary quantities of controllable and result of talling off of defence suficiently versed. It is also
of special sizes exhaustively investigated. rolled material orders when American because their economic life is before the close. Industrials closed from the mills.
Blow-fly strike was eliminated sumers decide to save a file still essentially based on the pro- off $1.01 on the Dow
It was still
too early to judge and ewe fertility periods deter- more and consume less; or when duction and export of the raw averages. Rails were down $1.17.
the consequences of the new mineri. American businessinen get the materials necessary to the inore Utilities held well most of the
iron and steel prices fixed under day and closed enly 74 cents
MORE RESEARCH idea that they are not going to highly developed countries, ex-ower.
the common European Coal, so easily and the spending
In 1940, when it was realised for can procure ports which
At their lows, the July and Iron and Steel pool. The ad-
at them in return the incans in September wheat positions were dillonal power is cut down," he said.
of charges
production special
wool "Another reason might be the dispensable for their own
of the full limit of frading 10 sorts or rolled steal to be added substitutes threatened to develop variations which are inevitable
development.
as did rayon to take the place, bushel. Other grains to the German basle prices had partially, of cents # In the free enterprise economy said it was the concern of
silk two decades wenker lower prices not yet been ixed. But it was and for any of these reasona
Government "tu Ruarantee the Were
for commodities. from the conditions
iron and generally hoped that there might spread
life of
of their
ment decided to step up research. Rails and olls were hit hardest, steel producers might be able to off in United States a falling
That year, it introduced the peoples, against economic Rails suffered the widest per- reduce prices. Shipyard. owners
CA350,000 contribution demand, a depression situation dangers which threaten them
annual centage decline with closing expected that the total produc-for wool industry research and in percolating through the rest of and against lodal and political losses running to $2 or more in tion of rolled steel in all Schu the world."
the seven years to June 30, 1052, con-Union Pacific and Southern Rail-man-plan countries would
more than £A2,500,000 has been INDUSTRIALS
Telephone He did not think anyone in dangers which ensue
way.
amount to about 50 million
to wool devoted to the House of
The research.
Coment 414 Rope Oil losses ran to more than tons, believed sufficient to cover results are many.
13.30 all raw material needs, the
Here are a few of the Aus- STOILES, ETC. Aircrafts showed losses rang-spokesman said.--Reuter.
..... 2011⁄2 20.00 $200 tralian wool scientists' findings
Watson ....2015 coing to $1 in Boeing,
24.20 ducing this period:
ns
on
Of 1,001 issues traded, 650 declined, 182 advanced and 240 held unchanged.
sequence. Commons yetThese dangers are to be seen understood what had been agreed around us. It is clear that $3. Upon at the two Conunonwealth
Governments are wisely inspired conferences held in the past 18 in adopting the attitude of months. It was not yet under operation in order to remedy stood what had been presented
them, to the Americans and
and apparently
"Your presence here today turned down by them, he said. us far too much in the dark, pagoodwill for an attempt to build "The Government is keeping proves that you are filled with
an international understanding. policy," Mr Gaitskeli-epid.
The working group w Reuter.
have before it a draft inter- national agreement on which formed the basis for the talks at Geneva in 1930.
BUFFER STOCKS ·
The Rubber
Markets
Singapore, June 15. Prices of rubber futures closed todny as follows:-
Number 1 rubber, ter 1.
JUN
Augue September
14-%
Number rubber, July..
Number 5 rubber, July ..
Number 4 rubber, July
Spot rubber, tumbaled
02-031 10-5715
73-70
Banka repe
No. 1 palo črepe
United Pres LONDON. MARKET
Londor, June 15. The rubber market was steady and Inactive. Prices closed as
per Ib...
follows:-
Na. 1 rubber, In pence
2014-16
July
Auurest
July/September
January/March
207- 207- 209-14 2014-**
Presa,
October/December
NEW YORK MARKET
New York, June 15.
tin
The agreement provides for i International control of ex- port and the setting up of buffer stocks.
The producing countries tend
New York Stock Exchange
bond volume was 3,131,000 and the American Stock Exchange volume was 310,000 shares, United Press.
Lower Prices In Cairo
Cairo, June 15, The Cabinet announced the
to favour ад international Government's new and ro- agreement, but some consuming (duced purchase prices for Countries are less enthusiastic Egyptian cotton for 1952-54 sources close to the conference for sale abroad. sate.
They will pay 50 rials per One of the thornlest probe kanta for Ashmouni compared lems to be hammered out If an with 60 rials for the last crop.
deckled
be on - would
and the prices for both Ashmouni
international agreement were Beginning December 1. the
question of prices
buffer stocks would operate,
al which Karnak will be raised one rial
until January 31, after which There have been spectacular two-rial additional prico per market kantor will be paid until the fluctuations in the lin
the Geneva conference. Jend of the season." since The price of lin is now about Land reform by lowering the £700 sterling, a ton.. At the tenant's rents make it possible height of the Korean crisis it to accept lower prices for their was about £1,200 a ton,
crops, according to the Cabinet
M. Dequse said in his speech statement. thal the lin consumers sald
Prices for other categories they wanted a means of pro-will be fixed later. duction kept in good condition Mixing low grade cotton with and able to provide all the standard grades will be punish- tin they wanted when they fed. needed it. They had said they The Cabinet states sternly were ready to pay a stable price that "the good name of Egyptian to produces to meet these re-cotton in markets abroad must
be preserved."--United Press
No. 1 sinndard rubber futures closed unchanged to 10 points lower with sales of four con- tracks. The market ruled steady quirements. to n shade easier in dull activity, reflecting the lack of consumer interest.
QUITE UNDESIRABLE
Shipment offerings "So far
market.
valled in the spot
as the producers of New York Sugar
were high. Quiciness also pre-tin are concerned, a good many. have given their opinion that a reduction in the tin price, it
Smoked ribbed
sheets
were
quoted at 24 cents à pourth. tls were regartled as possible,
Prices closed, as follows:
No. 1 rubber," in pence
July
September
December
March
May
Juty
24.43
24J2
23.75 bid 13.00
23,46 nominal
23.33
-United Press.
LONDON TIN
LPAN!
MARKET
London, June 15.
should necessarily Ho together with an increase in the produc-
Futures
1
New York, June 15. World No. 4 sugar
futures
sales of 90 contracts.
The No. 0 contract closed 1
for
WBA
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Bullding.
Tel. Nos. 36066-9
Chinese Freight Booking Office
Dates and rotation subject to change wilkout notice.
At ilberty to proceed via other ports to toad/dlscharge cargo.
200 B 03
Humphrey...
UTILITIES
Tramm
Peak Tram
(0)
13
500 15
300
15.10
27, Connaught Road, C.
23.20 23.40
800 23.20
700 20.30
Peak Tro
(Now)
Star Ferry
10.70 111
C. Light (0) 11.30 11.40 3000 në 11.30 7000 11.40
earlier, the Australian Govern---Light (N) 2.15 7.20 1333 738
011
Electric
Soil deficiencies which had reduced the wool yield and were dis-
MERGER OFwered and corrected;"
BANKS
The churcs
ht Jaundice,
toxaemic disease which brings
heavy mortality among ewes, determined;
Important facts were learnt about the blow-fly problem, sheep production and fertility, and on the relation of breed to weight
Wool and fibre diameter;
The
role
of subterranean clover in causing infertility in sheep was detailed;
Athens, June 15,
of the British merger Ionlan Bank and the Greek Bank Populaire has been for ally decided on al
of a general meeting of shareholders of the latter bank.
All Populaire shares still in
Greek
share holders are to be purchased a 560,000 drachmac cach, (ap proximately 20 Eighty-two per cent of the shares of the
the
hands of
Reprations.
Dairy
1
1192 7.15 690 7.20
25.20
600 29.20
1200 Gr 23.10
1000 or 23.20 300 25.30
10.20
500
17
L. Crawford XD COTTONS
Ewo XD' Textile Corp. 5.13 MISCELLANEOUS
Yonglize
10.30
201 500 G 23.00
300 2.83 3000 + 5.20 2000 at 0.30
Cotton Prices In Doldrums
New York, June 15. Vitamin D deficiency in lambs.
Liquidation in nearby July cause of mortality and slow and persistent selling through-
the session wool growth in the south, was out
kept, colton and controlled; and diagnosed
futures In low ground from The sheep carrying capacity of Populaire Bank are already millions of acres was increased start to finish today.
Prices remained slightly be- the previous during the held by the fonian Bank while by reducing the rabbit population tow the remaining 18 per cent are
with myxomatosis. In Victoria: morning hours, Persistent sell- in the hands of Greek wel-20
he per cent of the rabbits were ing later in the day depressed fare
wiped out by this mosquito- the list as much as a dollar a Australia is bale at one time, reflecting the the carrying disease. of
to estimated
have nunority shareholders
the of
total thinness, traders polated out. Populaire Bank withdrew from 750,000,000 rabbits In
The list closed off 7 to 18 the meeting protesting, against
points lower. Technicians said the purchase price and alleged
"EMPROVING QUALITY
that mill buying was a scale- Alongside the held work, a down, reflecting that the real wealth and pro-
the recent perty of the Bank
in were far technological research programme alackening
the texule higher than the amount offer is well under way to improve the activity. ed-Reuter
quality of the Australian wool
Prices of colion futures closed clip. Three
textile research as follows:- Laboratories have been CS- Spot tablished for work in ecrlain July
Weekly Bank Statement
London, June 15.
season.
specialised fields.
ה
£
good
October December Some of the advances made in March these laboratories include:
May
October
A scourable branding fluid for July, sheep marking has been
July
Tel. 20461
EVERETT LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong.
"NOREVERETT”.
In Port Louding Salis
June-17- for----Singapore,- Fenang,--.
Rangoon & Calcutta.
"BRADEVERETT”
Arrives Salis.
June 24 from Singapore,
June 25 for Kobe, Osoka, Yokohama,
Tokyo Buy, Shimizu Nagoya,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STAR LINE
.
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Porta. "STAR BETELGEUSE!!
Arrives June 25 from Takao Salls
31.05 nominal
33.80
33.70-33.71
33.00
33.01
33.00
Arrives Salls.
37.05 nominal 30.10 -United PresY.
33.10
33.44-33.48
33.60
53.10
33,83
33.80
33.04 ild
United Press
Sao Paulo, June 15. Prices of cotton futures closed today as follows:- July October
10.05
December Miorch
10.30
10.30 de-
developed to reclaim at least NEW ORLEANS MARKET 10,000,000 lb. of the Austrailan Spot The Bank of England state-clip. Previously, this amount October ment for the week ending June was largely lost because of in- December 10 rends as follows:- Notes in circulation Publie deposits... Private depoalts Government Other securities Receipts
Bank ralio
securliles
£1,049,021,307
delible brands.
March 01,240,038 Wool wax, for years 'a woated lay July 338,009,903 by-product of the wool clip, is October
now being recovered; and
Ал
Improved
333,629,439 23,020,100
felimongery 59,625 274
140 method of accelerating the rotting United Press,
of skin has speeded up wool the and Improved recovery quality of wool obtained from sheep skins.
NY Metals
tion of time through an improve closed 3 to 6 points lower with ment of the conditions of, pro- duction.
"It is, on the contrary quite to 3 points higher with sales of
Now York, June 15. undesirable that a reduction In 203 contracts. price should be
Prices in the metal market Technicians como to by
said liquidation closed unchanged with the ¡ moans of a deflation imposed on depressed the world futures, following exceptions
the producing countries, who Domnestic futures were a shado Tin, grade A (80.80 per cent are generally underdeveloped, higlier on trade buying of or higher) New York, per fu. to counterbalance certain in- | futures, Prices closed as 03.50 cents. Antonary tendencies which the follow-
July September October
3.57
most highly developed countries Contract No. 4 (world) find it so dìfeult to reilst with- The in market was easy io-in their frontiers" day. Turnover was 125 tons, The working party went into January Including 85 for cash closed session after hi. Dequae's March
tons Prices closed at the end of the speech. offlelal morning session
as fol-
Townga Pa
Spot Un, buyerm
Sput in, sellan
Business done at
y Three-montiis Uin, buyors
Three-Dinnths tin, solierE
Blushes done at Bettlement
9.09 nominal
2.43 kombaj
3.44 nominal DAD NOMINA
nomitial
May
apo
402 噪
July At the end of lis talks it will September report to the United Nations on Spot whether it considers the time
July
3.48
Contract No. 0.
024
7:00 00216
in the tin group are Australla, 605-600 Belgium, Bolivia, Britain, British ¡jed Press.
Marchi May Epot
rips to reopen the Geneva con September ference. Countries represented Novehber
Colonial and Dependent Terri-
3.64 nominal
Promi
Aluminium, (virgin, 30 h Ingots, bore prices. F.O.B. US plents, 00-80.9 per cent) per lb. 93 cents.United Press.
Flax Sodd Price
New York, June 16. Prices in thè 'socis, and plis market closed unchanged with the following exception-
Flax Seed, per bushel, fo.b. Minneapolis, $3.50. United Prese
Following their success with the anti-shrink process, the wool scientists have now timed their research to the anti-moth and
anti-crease felds.
The Government and 'heads of the wool Industry are determined that there shall be no let-up in the search for better raw wool and wool manufactures-Router.
JAPANESE BONDS *London, Juno 15.. Japanese bondin
"A" (4 of 1899) "p" (41%) of 1010) ="C" (85% of 1007). "D" (89.^^of 1024) "F" (51⁄2s. af 1030)- Console
SAO PAULO MARKET
(Average prices 15/16 10
110,391 baleri United Press. sed pot market) no available,
Sales
Exchange Rates
Business was done, in the local unoficiai exchange market, til. morning, at the following rales
0.036 US dollar (pet sti Bierling note (poč 21).
15,70 Indoneman guilders (per 100). 23,00 Slam icals (per 100)
Singapore; (strata)
FIC" plastrès (per 100)-iisan
Copra Quotation
142
6.00
New York, June 15.
50% 108
Copra was quoted today $180 per short ton, asked, c.lf. "the 121
Pacific coast Cocoanut oil was --61-7/10 | quoted at 139%, conta a pound, asked-United "Proti, -United Press.
Khor-
Juno 20 for Singapore, Port Swetten-
liam, Mudras, Colombo Bombay, Karachi, rumshulr, Basrah Babrein,
June 30 from Singapore.
July 1
for Kobe & Yokohama,
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A
Quesn's Building, Telephono 31206... Chinese Department: Telephono 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