1951-06-21 — Page 9

Page

R. I. L.

ROYAL

INTEROCEAN

Data

In Port

In Port

8th July

uth July

18th July

22h0 Juho

2514 June

July

9th July 1th July

Ship

"RUYA"

THWANGI"

ARRIVALS

"TJITJALENGKA"

VAN.REUTSZ"

"RUTS"

L

+

TJIWANGI"

"RUYS"

From

LINES

8. America, S. Africa, Bingapore à

Raigon

MACABAT, Java Ports & Bingapore Blackier, Jaya Parte & Singapore Belawan Bell, Penang & 'Singapore Japan

SAILINGS

*JITJALENGKA"

To

Singapore, Jan Foris & Macassar Japan

Hingapote, Java Ports

"VAN HEUTKZ" "BUY"

Карап

Manila, Singapore, A. Africa

8. America

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Date

Ship

In Port JAM July End July Mid Avgust

"KIELDRECHT" "KIELDRECHT" AAGTEKERRA "AAGTEKERK"

From

Europe & Aingapore. Japan.

Europe & Singapore Japan

SAILINGS

To

"KIELDRECHT" "KIELDRECHT" "AACTERELE"

21st Juna

11th July

End July

Mid August. "AAGTEKERK"

Japan via Manila. Manila, Bingapore & Europe. Japan via Manila

Manila, Kingapore & Europe

EKINGSBUHANCETITEPRONISISMO (58102280172

Emigrants Are Still

Needed By

Canada

London.

Over 40 years ago, the late Lt.-Col. J. Obed Smith, when he was Commissioner for Immigra- tion for Canada, in London, launched his "160 acres of land free" slogan in order to help populate the prairie provinces of Manitoba, Saskatchewan and Alberta.

As a result, he set in motion a migration move- ment from Europe into Canada, running to over 250,- continued briskly until 000 people annually, which the outbreak of the First World War.

The immigrants into Canada, at that time, paid their own way or were privately fanced. This pro-1914 migration help

10

maintain ed Canadu economic balance so necessary the industrial between to her

and the agri- Eastern provinces and

Western culturpi

provinces industrial development of The Canada, present and potential,

thousands of

immi

demands

10W are

Nylons To Cost Less

THE CHINA MAIL, THURSDAY, JUNE 21, 1951.

New York, June 20. Julius Kayser and Com- pany has cut the whole- nale and suggested retail prices on its full line of women's nylon hostery for next Autumn.

The wholesale reductions ranged from 75 cents a dozen to 32 a dozen, effec- tive on June 18.

Buggested retail prices on Kayser hosiery, effec- tives on July 18. will be dropped by amounis vary- ing from 10 cenia to 30 cents per pair-Associated

Press

TUMBLING

MARKET

IN GRAINS

maritim

THE RISK OF FOREIGN INVESTMENT SHOWN BY PERSIAN OIL CRISIS

London.

Dangers inherent in the policy of the development by private on- terprise of the industrial resources of under-developed nations are well demonstrated today by the situation which has arisen in Persia over the oil industry.

The nearest approach to the Persian nationalisation policy can be found in the situation which developed in Russia in 1917, when, after the revolution State by the foreign oil interests in Baku, Grosny, Maikop were taken over without compensation to the former owners.

To this act of apoliation United Kingdom, the United was added the marketing in States and from Japan, but there is on increasing awareness this country of Russian Oil in them of the need for develop Products nt cut rates. ment of the trade with India.

adverso

of the Mexico was another country The

effect Korean war on supplies has to realise the advantages of Kore

added to the feeling that if a the seizure of the country's

trade with India could be

larger

oil interests, developed by developed, would be mutually

foreign capital, time and

HONGKONG

SHARE MARKET

Business done

this

advantageous to greater

Internal econom and stability "Apart from fute gooda (From Our Correspondent)

are a textiles, there atton

on the Stock which have been developed in Exchange

morning was number of secondary Industries India in recent years. For these valued at $231,710. Noon prices the morning's transac- goods it is necessary to and ex- and * port markets."

tions! SHARES OUTERS SELIZOS SALES

365 (1048) 9311⁄2 14000 14 GOVT. LOANS BAINIS

HK Bank 1605 2010 60 1410 20 3 1410 Part Aala INSURANCES Union XD

effort. Chicago, June 20,

Then there was Burma, who Chicago grain futurca tumbled to the lowest levels since last added river transportation, built year on the continued favourable up by British capital, as if to weather outlook and the unpoint the way to the backward vertainties in connection with or under-developed countries to Immediate and Independent the maritime strike.

Here It might be recalled that However, due to export buying affluence. This danger of con- for August shipment from the Ascation of Industrial invest-

appointed a committee to in- Gulf ports, wheat closed to ments is one which is likely to the Government of India have

grow rather

thon to

cease unfess

unfess vestigate India's national Income grown-up mer

nations set an the

and its distribution, and, in order of commercial probity to obtain the statistical material example of within their own borders, in the

for this purpose, certain

chem case at present under review,

lew,pers of commerce, Bombay, for Persia, insult is

added to injury instance, have received from the in that the British oll concern Regional Research Officer, of Industry and Supply.

13% higher.

Prices of grain futures closed as follows:-

Spo!

July

Wheat price per bushel

Бров

July

2.371/ 2.3041-4

September

2.4014

December

March (1952)

2.441 246-

May

2.4014

Corn

1.7021

1.607-

Keptember

1.082-%

December

1024

March (1952)

1.63%

Нус

July

September

Олім July

1.80

77-7012

United Prem.

September

13

apparently compelled to Ponnaire calling for in-

pare its own funeral obsequies,

Consideration of the Argen- formation in connection with a tina position as outlined by Pre- survey of manufacturing

сол

sident Peron in his annual pre- | ditionin the highly industria) |

1.04-1.00%terest.

American

Raw Silk Exports Up

tionally

Tokyo, June 20.

ย

and

PRESIDENTIAL SURVEY Among the points he made

are:

sidential message to Congress of Buenos Aires Is not without in-countries of Europe and America, india can find an export market only for its raw materials; for it secondary industries, India must look for markets only in the countries in the Middle East and not yet S.E. Asia which are sufficiently industrialised,

MIDDLE EAST "In the Middle East the coun- ! tries, important though they are. are comparatively thinly poor, and have one populated, poor, too high a standard of living.

million people,

DOCKS, ETC.

K. Wharf

N. P. What

KD Dock

LAND, ETC,

Page

MESSAGERIES MARITIMES

MOM

"FELIX ROUSSEL" "EPINAL"

ARRIVALS

from Marseilles from Europa

SAILINGS

PASSENGER/FREIGHT SERVICE

"FELIX NOUBSEL”“ "LA MARSEILLAISE” "LA MARSEILLAISE”

"AURAY" "GRENOBLE” "QUISTREHAM"

"MEKONG"

to Marseilles

10 Japan

to Marseilles

FREIGHTT SERVICE

23rd June 6th July

24th June 11th Aug. 22nd Aug.

«N. Airies & Europe 18th July N. Africa & Europe 31st July N, Africa & Europe 12th Aug ..N. Africa & Europe 4th Sept. for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CABABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,

CIE DES MESSAGERIES MARITIMES A LIMITED INCORPORATED IN FRANCE Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VÍS

SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "CORONA"'

M.5. "ANNA MAERSK"

103

200

7235

30 710

74 200 @ 13

******* 4.30

400 @ 12.20

Provides

S'hal Dock. Wheelock ..2116

2014

285

Hi Land XD DI

S'hat Land. 1.15 UTILITIES

44031%

700 310

Tram

11 DQ

0 300 5.85 5.90

M.S. "LEISE MAERSK”

3.00

5.00

231 21 500 # 23

024

M.S. "GRETE MAERSK”

M.S. "OLGA MAERSK"

GOO

5500 10

M.S. "LAURA MAERSK"

10 20 1224

13 1245

10

300 @ 101%

a. Light (0)

מא

C._Light{N}

XD

C. Light (B)

XD. Electric Telephone

XD

INDUSTRIALS

Cement Hope STORES, ETC.

Dairy

Watan

corr

Crawford 2031 2015.

Ewa..

230

Rally On London Exchange

(a) Not only was the country (Argentina)

the richer, but riches were better 'distributed, and were in Argentine instead of foreign hands. The curve of industrial production, which for a decade had

and been falling, WOR rising once more. Internal con- sumption of agricultural and The countries of S.E. Asia, on pastoral production had in- creased, industrial output hnd the other hand, whether a n growa, and Argentina's foreign result of the impact of Westem

or duo

to their civilisation markets had become more diver-

heing entlawed with rich cilled.

natural

resources, have a com- When shipments of natur

paratively high standard of To these

added

living They have also close Raw silk exports maintained Argentine meat to the United Part

suspended in cultural affinity with India, In rearmament programmes, whitt

a rising curve in May, tradi- Kingdom were

of Kensonn! July, 100, many people expect point of population. they perlod Hing down legitimate trade at

gilk ed that prices would

collapse. Japanese home and abroad, and creating decline,

This did not happen, because the are important; they comprise 110 1raders that unproductive production, world-

optimistically predicted wide

thanks to Indation.

Argentine people, There then

that the monthly export level

(e) "Permanent showrooms follow rising

home, costs at

would stay just under the 5,000 higher wages, consumed a great every where

the throughout

of the potential surplus of may be opened (in S.E. Asia) by bales mark until the end of the part of th the rest went from commercial representatives for

ment, world, and in addition to the

усат.

After a poor

start early in Argentine ports in Argentine the purpose of displaying Indian cost of exports and imports of

the year,

raw silk shipments ships to all parts of the world, manufactured articles. As most

London, June 20. all nations.

bales in May, whereas formerly to 4,503

Argentine of the products of Indian Indus- rose

The Stock Exchange put on 1,224 bales above the total for meat went in foreign ships to tries are unknown in the foreign

markets, it requires special a smail rally to close with gaine April, according to a release England only,

efforts to bring them to the and losses (c) Argentina-hud-an econo notice of the foreign consumers early weakness today. by the Agriculture and Forestry

Bilk my of abundance the index In Ministry addition, the

that con- ngure of retail sales rose from and buyers, and this is difficult chip off and industrial shares companies reported tracts for futures deliveries 1100 in 1943 to 200 in, 1040 and without their being displayed la finished with net gains. Min

ing Issues were mixed and 1,300 to 830 in 1950. The cost of the showrooms,

British 1,202 to 1,

Go- were averaging

sleps (d)

mainly lower. possible bales every week. As a result, Ilving was 113 per cent higher

to develop vernment bonds ented on the silk exporters believed that raw in 1950 than in 1948, but wages should be taken

Indian shipping and to provide minus alle, with losses ranging silk exports would ramain had risen by 172.8 per cent.

balance stable

at about 5,000 bater

of later direct and frequent sallings to to 5/10 points (d) The

which had Far Eastern countries for the monthly at least until Novem- national payments,

for the third pressure to Argen- been unfavourable

purpose of faciliating exports milde honds were under ber.

and imports

these consecutive day. The 10078 partly due to to silk tina since 1047, The inactivity in the

of utilics, countries."

closed at 614, down 4, the market earlier this year forced the nationalisation

1910s at 474, down, and 28 silk reeling mills-nine per showed a net surplus on 1951

the 1930s at 78%, down .

Times' dally nation's total-out of over 700 million pesos. This

The Financial cent of the

more remarkable was all the of business. The production of

138.3,-Associated

grants of whatever nationality,

in which connection.

F.

Canadian ciation looks

Mr_William

Holding. president

of the Manufacturers' Asso-

a growth of population in Canada of 750,000

for 50 years

the Br year Dominion is to full her destiny as a free and independent na- tion, economically and strategi- cally. On this point, Mr Höl- ding said recently:

to

50

Another Decline In

NY Cotton

"AU

from

raw silk dropped seven per cent collect a single round sterling New York Sugar

Press.

Great meat to

of shipments.

Four years ago the stoppage of mer

meat

Great shipments to Britain would have led to un- and depression,

HIGH LIVING STANDARD

New York, June 20, "Only a pessimist or a defentist

Prices of cotton futures see- would question Canada's ability.

provide, in only a few decades, sawed over a moderate limit with in old arop July evening-up a high standard of living for of delivery, the chief trading feature, millions or more. In the light of the tremendous growth of the Spot house selling in the spoi

market

I purchases of later against

in May from the previous for sales of on of the U.S.A. from

deliveries was accompanied by in month to 11,008 bales.-United Britain owing to the suspenston in 1810 to 150,000,000 (ainee stated to be over 163,000,- and out operations among local

professional talent. done 600) in 1950, Canada has

The House Banking Committee very ineffectual job at immigr

rejected the Administration FC- dion. If Canada is to achlove her

quest for power to control com- great destiny under our guidance modity speculation. This, along

accelerate we must greatly used with the concern over the inter- plans for making new If we don't we will continue to

undevelop suffer the waste of an ed economy, the high cost of big government for a small popula- tion, and the hazards of a country dependent on foreign trade for a living and foreign government for protection.

our

domestic market With a

raw

national political situation, may more have acted to restrain Aggressive selling, despite the favourable tenor of the

continued

crop news.

The Impression gained ground

abrond materials having them back in fabricated October form."

44.05-44.00 37.23 37.00-37,01 37.04

Wall Street employment

Irregularity

New York, June 20. Industrial shares suffered

Futures

New York, June 20. World sugar futures closed 28 to 50 points higher, with sales totalling 272 contmets.

Contract No. 0 closed four to

whereas, in 1950, the count even points higher, with sales |

went

on working as

nothing had happened. This totalling 120 contracts.

was

Mies in order

Spot

May

Contract No. 4 (world)

September

Spot

8.00 nomi 0.02-0.14 traded 7.07 nominal 0.13 bid

0.12 nominal 0.14

€.16

700

Contract No.

G.27 traded

020

very different from the colonial times of the Rundman- July Roca Treaty (of 1933) and was Beptember

March the hecause Argentina had, benuary (1963)

achieved tween 1946 and 1050,

May that plantings this year will sharpest setback over two weeks. economic independence and had ly range above the Government's Against the background of jitters replaced her trade with Britain September goal for 28,535,000 acres.

about the Iranian oil situation by seeking now markets, of

The

BETTER EXAMPLES July opened five points and rumours of peace moves la market are Low comparable size thero

lower to two points higher. Old Korea, the list moved irregularly

India

and Pakistan perhaps September

Jamiary (1962) which Ave

then met products

import crop July delivery dipped to most of the day,

better met furnis!t

of March examples ations can be that could not be manufac- 44.80, then closed only three moderate selling in the dinal hour, what backward nationa

turned assisted tured more cheaply here thon points lower. The other positions Nearly all major groups

achieve. After July 10 could, at the out-backed and filled listlessly to downward.

independence The volume. W soeuring political elsewhere. Wes set, eliminate the transportation close off six to nine points. 1,120,000 shares. Of 1,087 Lesues

have set out to exploit charges involved in sending our spot

40.06 nominal traded. 662 declined, 267 ad their raw materials and their

traded, and July

vanced and 258 were unchanged.

to reach Olls were mostly lower, steels

effort is praise- That

they may need

not

the pro- ceased articles

OBED

relied upon from Britam. Other coun tries may follow their example: the movement is all to the good Lor the immediate future in that a modest Inc

Increase In the purchasing power of the inhabi- tanis is always a spur to world Irade.

When, however, Indus- trialization within their fron

reaches the stage of in- dependence from imports from abroad, then the situation the more distant future cannot be viewed through roseate hue.

Indio,

6.28 nominal

5,70 traded

5. nominal

1.74

5.41

4.25

-Unted Press.

cased, chemicals were mixed, worthy, but In years to come Britain To Buy

380 nominal moters declined, and rails lost they

December

March (1932) May July

30.57 October

34.82 34.80 December

United Pravi, NEW ORLEANS MARKET

Closing rate June 20,

"

*

ground.

Dow Jones averages at the end of the session stood as follows:

30 industrials

251-80

20 ralls

15 utilities

44.01

40 bonds,

44,00

United Press.

37.11

Unlied Pross

POST-WAR PROGRESS Compared with present-day volume of foreign trade Canada Ot a baricwand, was 1 1938 underdeveloped country. 'In the current issue of Barclay's Bank Review figures are given in Spat dicating how the trade of the July Dominion has risen since 1938. October The figures are:--

Your

2047

1940

3940

1930

Exports Imports. (000,000 of $ omatted)

6374 877.0. 2,776,6 3.6730 073.8 1,097.0 3,902.9 2,701 3,120.4 0.1740 Excrading re-experts.

Such are some of the trends past, present and prospective in world trade as they may be

RISE IN FOOD PRICES

New York, June 20.

Wholesale food prices, in the

year since the start

Metals To

Controlled

79.12 4261

Bee

Oktawa, June 20.

today or-

The Government

they

for

More Tobacco

Myrtle Beach, June 20.

·Britain plans to buy, sub stantially more American leaf n Govern- tobacco this year, ment omelat sold.

Western Germany may also increase her Imports of Ameri- can tobacco.--Associated Press.

glasses of Jap Bonds: Decline

of the dered lead, zine and cadmium part comprising the majori

The

index

Pro

was

about even

after Blue

The Rubber

Markets

London, June 20. Prices of rubber futures closed here today as follows: Number 1 rubber,

in cents per Ib. July

July/September

October/December

January/March

SINGAPORE

4071-4736

4831-4715

43-401/

Prem.

Singapore, June 20,

Prices of rubber futures closed

here today as Zollows:-

Number 1 rubber, per 10.

June

July

August

1801-18134 14415-1631 No quotatto Number rubber, June 14016-147 Number 3 rubber, June 141-141 Number 4 rubber, June 136-137 Epot rubber, unbaled.

13inck crepe

No. 1 pale crepe

161-101 100-112 160-170 United Prem.

LONDON TIN IRREGULAR

London, June 20, The tin market was irregular. Prices closed at the end of the official morning ensaion follows:-

as

Epat n, buyers Boot up, weiters Burinem, done at ... Three-months tin, buyers Three-motlla» Lin, meilork

Settlement

970

PU D44 DGO-D43

led Xress.

Budinem dane at

New York, June 20. of that sub-Continent. In Japanese bonds, which had the upside in recent vieweit today. Increase of pure Korean war, have risen almost to be placed under allocation point of area and population, lo been on

for reduc-a a care

In point There hus sesiona un reports of favour chasing power of the backward 10 per cent, the Dun and Brad- controls and called

recently

been published the able prospects for & replasty Exchange Rates nations, even if it wore only an street wholesale food price index dion of excessive inventories.

Production Defence

of the Indian Trade peace treaty, turned fregularly per revealed. one shilling average of adult per day, would be all to The index for the weeke ended Minister, Mr C. D. Howe, an Delegation to South-East Arla lower todayAsociated Press. the good if International trade June 10 held unchanged from nounced the start of Issuing during the yetir 1950. Pertinent

at $7.07 compared purchase permits for the three quotations from

Washington, June 20% ware permitted to flow in its last week

on July 1 whereafter are:: regular" accepted chantele, In with $5.00 in the same week of metals,

ར༈

to buy (a) The South-East Asia The ECA today authorised recent years it has been ham- 1980, which was the last index users will be unable

export compiled before the start of hos metals, except in amaillots countries have hillierto been $90,000 for equipment for pan= parel by Import and bant, by lack of foreign ear-tilities on June 20, 1950-United without Government permit obtaining their supplies of focis in Indo-China and Thal-male papa

manufactured goods from the land United Pressed Prem

United Fress, rencios.

That report

Dufinem was dano a this tood

merket sh sporting at the following mater Sterlite note (per 41) vTTEN JA SE us not a pack #12 Indonesia culiques (ber 2007 tibals, (per 100)

SEC. piatras, (për. 600)

ARRIVALS FROM U.S.A.

In Port

June 20

July, 16.

June 29

July 19

Aug. 9

For Freights and Further Particulars please apply, to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3.

M.V. “FELIX ROUSSEL"

Will sail for

MARSEILLES

Vin

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI and PORT-SAID

on

Sunday the 24th of June 1951 at 11 p.m.

Passengers are requested to board the vessel with their cabin baggage on SUNDAY the 24th of June between 5 p.m. and 7 p.m.

·

$

Baggage Room and Hold Baggage will be regis- tered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance), on FRIDAY the 22nd of June, between 2 p.m. and 4 p.m. and SATURDAY the 23rd of June, between 9 am, and NOON Imperatively.

No Baggage will be accepted for registration after this time.

CIE DES MESSAGERIES MARITIMES A LIMITED INCORPORATED IN FRANCE

Tel: 20651 (8 Lines). Queen's Bldg.

PATTISON ORIENT LINE

LIMITED

SAILING TO NEW ZEALAND

6.6. “VALLES”

LOADING HONGKONG JUNE 24 FOR AUCKLAND & WELLINGTON,

12-14 Queen's Road C.

Tel: 26346.

SOUTH CHINA MORNING POST

THE CHINA MAIL

זי

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