1951-07-12 — Page 9

MESSAGERIES M

"EPINAL"

"AURAY

ARRIVALS

from Europe.

from Japan SAILINGS

THE CHINA MAIL, THURSDAY, JULY 12, 1951.

MARITIMES COTTON TEXTILE MENACE

M

PASSENGER/FREIGHT SERVICE

"LA MARBEILLAJSE”

"LA MAŞBEILLAİŞE"

"AUBAY"

"GRENOBLE"

"QUISTREHAM"

"MEKONG"

to Japan

to Marseilles

FREIGHT BERVICE

18th July 20th July

pih ART. Jpd Aug.

‚Ń, Africa & Europe ziął July .N. Africa & Europe 28th July N. Africa & Europe 12th Ave N. Africa & Europe 30th Aux.

for

PORT RAID, TUnis, Marseilles, ALGIERS; OBAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,

CIE DES Messageries MARITIMES

A LIMITED COMPANY INCORPORATED IN FRANCE Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

NEW YORK, Boston, baltTIMÓRE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK" M.S. "OLGA MÄERSK"

ARRIVALS FROM "OLGA MAERSK" M.S. "LAURA MAERSK”

- M.S.

M.S.. "HULDA MAERSK"

July 16 July 30 Aug. 14

U.S.A.

July, 10

Aug.. 8

Aug. 21

For Freights and Further Particulars please apply to:

AGENTS:

JERSEN & CO.

Pedder Building

Tel. Nos, 360GG-D.

Blame Put On U.S.

For Shortage Of Newsprint

London, July 11.

ROYAL INTEROCEAN

'Page 9

LINES

Disturbing Changes In Japan's Industry R. I. L.

Better-Quality Products Compete With Lancashire

Optimism In London

London. July 11. Prices advanced in mosl sections of the Stock Ex change today, Progress reports from the Korean trupe talks were the majo factor in buyer optimium.

The proposed terms for a Japanese neace treaty spurred speculative buying in Japanese bonds. The 1907s elimbed Si of a point to 70, the 1910s rose 14 lo 60 and the 1930s closed 2 up.

The Financial Time's in- dex was 133.9.--Assocfated Preat.

Allocation Schemes Announced

Washington, July 11. The International Materials Conference tonight announced an allocation scheme dividing uvallabte sulphur supplies among the countries of the man- Communist world.

Allocations for the third quar- ter of this year had been reach ed by common consent of the members of the Sulphur Com- mittee, the announcement said.

The

scheme allows for the division of 280,400 tons of crude sulphur, of which 250,000 ton will be available for export by the United States in the cul- rent quarter.

The allocations, in long tons, and import quotas for some of the countries are as follow

and

Africa—18,200

(FROM RICHARD. HUGHES) -

Tokyo, July 11.

Disturbing changes in the Japanese cotton textilo industry carry warnings to the British industry.

1-Japan's cotton leaders have dropped all] prétence that intense world competition between Japanese and United Kingdom cotton mills can be avoided.

2-The nature of Japan's export cotton textiles is gradually and perceptibly changing from cheap low-grade products to more highly processed items which will compote with Lan- cashire's quality textiles,

HONGKONG SHARE MARKET

3-Japan is preparing coun- ter-measures to meet expected diminution in Lancashire's our rent heavy imports of Japantze grey cloth.

tho cesses.

mood of Japan

Rubber Exports: Queries By MP's

SHIPMENTS TO RUSSIA

(Our Own Correspondent) London July 11. Questions are to be asked

Date

Fort

la

17th

24th an

23/h July

4th Ant RIN AME 21st. Aul.

1th July

July 13th

19th July

tih July

314 ARE.

11th Avg.

23rd Aug.

Este

14th July 24th July

15th Augus

Shilp

ARRIVALS

"TJITJALENGKA” "VAN HEUTRZ" "KUYA" #TJIWANGI" "DOIRREVAIN"

"TJĮSADANE" "TARMAN" "BONNEVAIN"

From

Macassar, Java Porta di kingspora Delawan Doll, Prung & Stusapore Japan

Macasar, Java Porte & Alagapore R. America, 8. Africa Aingapore &

Natgan.

H. America. 1. Afeira, & Blagaporn. Japan Japan

SAILINGS

"VAN REUT87" "TJITJALENGKA“

"RUYE"

* "BOISSRVAIN"

"TJIWANGI "TJADANE"" "TARMAN" "ROISSEVAINİ

Japan

To

Singapore, Jaya Ports & Storanear Mall, Alugspare,

8. America

Japan

Africa

*

Singapore, Java Porte & Murasiar Japan

Remarang Ts.

Dall

Belawan

Prick k

Ataalia, Aingspore, S. Africa & S.

America

Agents: HOLLAND EAST ASIA LINE.

Ship

"KIELDRECHT" "AAGTERERK" "AANTEKERK”

13th July

"KIELDRECHT" "AAGTEKERK"

17th Augul

"AAGTKKERE"

ARRIVALS

Japan.

From

Kurope & Singapore | Зараа

SAILINGS

То

Stantia, Singapore & Kutage, Japan via Manila

atkolla, Mingapore & Europe

KINGSSBOUDINGS, TELEPHONEST PUBLISION 286 178

As the number of Japanese cotton spindles increases to dive million by the end of this year and to six million by the end of 1953, new modern machines will also be installed to raise

of Gnishing pra- in the Commons in the nour quality

futuro

the 27th July regarding The mood in which Japan's amount of re-exportation of (From Our Correspondent) textile leaders met the Joint Business done on the Stock Anglo-American cotton mission rubber to Russia. · Exchange this morning was last year has changed sharply.

The whole and valued at $497,015, Noon Prices has changed since the Americans

น่าน morning' trans- actions

began to court and encourage her as a coveted ally and virtual SHARES BUYERS ZELLERS SALES Far Eastern Industrial partner.

U, 8, BACKING Weary of shoring up Japan's BANKA

the five years, economy for United States has tockly pro- mised to ensure Japanese control of the South East Asia market, for both exports and imports នៗ Japan does not need to bar- gain.

over this sphere of trade

HK Bank.. 1453 1400

East Asia

INSURANCES

Canton Union Underwren HK Fire

SHIPPING

Asia Nav

DOCKS, ETC. K. Wharf

104

345

150 700 380 133

10 4 700

01. 04

N. P. Wharf 4.00 5.00 Dock 14.80 Provident

11 11

LAND, ETC. HK Hotel 1K Land

UTILITIES

Trom

Peak Tratt

10)

1000 1.00 foluence,

Asiatic and African regions combined are now buying about 30 G 0034 per cent of Japan's cotton 500 4.00 textile exports. European pur-

500 15

70

时

Despite the assurance that the oord of Trade is keeping

the situatlon close watch particularly since the Govern- mont's decision to stop exporta of rubber to China, concern has various been expressed by Members of Perilament.

Their fears have been rein- forced by yesterday's statement in the Dally Telegraph that the London Insurance market has received a declaration of insurance for rubber shipment fron tius country to Ruasin amounting to £3,880,000 since May 24.

Enquiries today show that for chases expanded from 4.8 per the first five months of this year cent of Japan's exports in the re-export of rubber from 1035-37 le nearly 20 per cent the United Kingdom to Russia 4.00 5.00 5000 € 3.00 in 1950. The United States per-amounted in value to £2,710,- 000 as compared with 28,034 för the rame period last year and

£52.124 in 1949.

142

Sing Ferry .. (0% C. Light (9)

1.25 000 m 7.10

30 4500 0.89 2000

27 500

000 11.10

India-,400 and 11,400; United Kingdom-100,900 105,000; South and 16,200; France-31,200 and 27,700: Germany -18,100 and 5,100: Oil Refineries in Bahrein, Lebanon. Netherlands, Indonesia and Iran-allocation 8,300 and import quota 8300: Other coun-

centage alone has declined. tries-4.800 and 4,800-Routor.

Finished cotton texules and QUOTA MOLYBDENUM

131 30 2100 @ 13 bleached cloth products have Washington, July 11.

Quite a different picture is sharply increased. The percent- An export quota of 1,700,000

bleached textiles rose given, of course, when one re- age of ibs,

of molybdenuch-szarce

from 10.0 in 1947 to 19.1 in the places the value with quantity In the first Ave mental-hardening clement-for

C Light (N) 4.20

420 first half of 1950, and the per- figures.. the third quarter of 1951 was

C. Light (8) 6.45

0.99 centage of finished goods from months of this year the total ra the announced last night by

2000 400 13.5 to 40. The percentage of export to Russia amounted to United States

Electric Commerco Dr-

2 .... 2015

as com- 21000 grey cloth dropped from 75.9 10 5,406 hundredweight partment.

pared with 672 hundredweight Telephone ..11.10 113000 11.6 40.9.

has Japan

also developed in the same period last year iner-count yarns. While Bri- and 0.453 Hundredweight 15.30 11.75 4000 @tain's industry averaged 24.5 1049. The rise in rubber prices

Japanese 14.20 14 3500 14.40 count last year, the

for the apparent dis accounta 26.7 count.

and сперансу btoweon the value average was

that Last year Japan's textile ex-quantity figures over

period. Another 14.70 18000 1614 ports were valued approximale-threat

account £147,500,000, or about factor to be taken into one-half of Japan's total exports in assessing the extent

€298,000,000. Cotton goods Russian imparts is that she profers doing her own shipping alone were worth £85,800,000.

and arranges cargoes according to the times hor ships are in -UK-ports. This accounts for the small amount of rubber from the UK for the first five months of last year, which was offset by the total for the whole усах

225,606 which hundredweight.

INDUSTRIALS

Cement Hope

STORES, ETC.

Dairy

Wation

lus.

1. Crawford

COTTONS

23

Ewa XD... 2.00

The United States quota, re- commended last week by the International Materials Con- ference, was 1,400,000 lbs.

The

Commerce Department gave no country-by-country breakdown of the figures,

I said that 1,500,000 might be exported in the form of ores and concentrates.

Actual

of supplies by the De- quartor quota-is quota of 1,495,000 lbs. establish- ed last quartor, but three

per than the average cent lower quarterly molybdenum axports In 1950,-Rouler.

Americans must be made to realise the enormity of the strain that they have imposed on

rest of the democratic must be authents the newspapers of the world, Mr Devadas-Gandhi, Managing Editor-of-fence Minerals Administration. the Hindustan Times of New Delhi and a director | 17 per cont larger than the of Reuters, said here today.

with

It

newsprint. He added that if the Ameri- supplies eans surrendered only three per' was urgently necessary for the rent of their consumption, the Americans to wake up to the problem of the scarcity of news reality of the situation and to print would be solved,

see wisdom,

MAIN TROUBLE Mr Gandhi, a director of the Press Trust of India and Chair-

Mr of

Gandhi endorsed the man of the Indian section the Commonwealth Press Union. remarks, made earlier by Mr was speaking at a luncheon of 0. J. Bekker, President of the The Commonwealth Correspon- clents' Association.

Newspuper Press Union of South Africa and also a direc- tor of the South African Press it Association, that the newsprint and shortage constituted the main that trouble of the present Inter-

national situation.

ex-

It was necessary to put "frankly, courageously even with foolhardiness," the shortage of newsprint was

America's more due to cessive consumption of it than Sir Keith Murdoch, Chairman anything else, Mr Gandhi sold. of the Melbourne Herald and a director of the Australian "Unless we wake up to this

Press Assectation, suld that serious

situation of the news- print shortage, working journ-there was the prospect alists will soon be thrown out prolonged pasce in

of u

years to

of employment and ull talk of come, beenise no government the solidarity of the Western would survive an atomic war,

be and would never start one, world and democracy will

reduced to a skeleton. That is

a mathematical fact,"

Gandhi sald Mr

behind countries Curtain" were

that the the

"Iron

Among those who attended the lunch werd Sir Lloyd Dumas, an Australian Trustee of

Mr Kasturi Reuters Srinivasan. Editor of The ndequately Hindu, of Madras, and Mr C. R. Srinivasan, a Trustee of Routers and Editor of The

STEEL SETS A Swatesamitran.--Reuter.

RECORD

PAPER COMMITTEE

on

Washington, July 11. The International Materials Conference announced New York, July 11.

today United States steel-making that Japan has accepted an in- furnaces in the first hal year vitation to be represented operated at better than 100 its Pulp Paper Commites,

Japan capacity for the first time in

ไทย designated Talio history, turning out a record Oda of the Ministry of Inter- national Trade and Industry as the representative. Oda is now The American Iron and Steel here as chief of the Japanese a procurement and Institute, also announced that allocation misalon

which ro- production for June and the second quarter set new records Presents SCAP and Japan...

This brings to 14 the number

of 52,279,000 tons of Ingots and

steel for castings.

for thosa perlods,

section of

trolla, Be

of countries on the Pulp Paper Aur- They are The Institute pointed out that Committee.

Belgium, Brazil, Canada, production for the first six

Hal, Japan months of the year is nearly as France,

Netherlands. Norway, much steel as the combined

Kingdom, output of Bellain, "Franco and Russin in all last year and come the United States and Austria. pared with the output of 67-] Japan is also a member of the 200,000 in the first half of 1950. Colton Committee at the LMC United Fress,

United Press.

third

Liquidation In Cotton

Now York, July 11. Catton futures continued to slitte under the pressure of per- sistent liquidation and hedging, Principal uneottling Influence was the large Government crop forecast along with slow muill demand for colton which in turn business.

LONDON TIN MARKET

.

London, July 11, Prices af tin were steady and quiet this morning. Turnover was 80 tons, including 15 tons for cash.

Prices closed today at the end of the official morning session as follows;~-~-

Spot in, buyers Bot tin, sollers Business done al

880 $65

ly at

of

Grain Prices

In General Advance

Chicago, July 11.

All grain futures except rye closed sharply higher with what influenced by the East Coast purchases for shipment to Cer- many, thus far totalling 100,000 bushole Wheat closed 2% to 4 higher, and soybeans were 3% to 23715-8404% higher,

880-485 Three-month tin, buyers 8374

sellers $40 Three-months tin, Business done at Settlement

United Pres.

New York, July 11. Copper, lead and zinc futures reflected portion slugged as

closed quist, no sales Asso- Old July position much as 18 a bale on selling, cinted Press. in luenced by the fact that the C.C.C.

was disposing of the balance of its loan stocka on the

open market,

Boot July

October

December

March (1952)

May July

October December

NEW ORLEANS

42.75 nominat

41.85

3487-34.59

34.87-34.89 34.89-34,01 34.01 34.40 nomina! 33.18 bid

23.99 bid -United Press.

MARKET

Closing rate

July 11. 39.00 41.30 bid 34.85-35.80 3483-30.74 31.04 34.38 bid 54.41 bid 33.00 hid 11.78 bld Unijed Prek EXPORT ALLOCATION

Bpot

July October December March (10321 May

October December

Market Pepper

Firms Up

#

Prices of grain futures closed today as follows:---

Wheat-arlo per kuchal Spot July

December

Santember

March

May

Lorn

Spot

July

September

December

Starch (1952)

May

July

September

Dita July

1.011

1.78-1.77 1.7674-12 1.64%-12

1.STEL 1.69

19314 bid 1.09 114

7814 September

*703-7 New York four-per 100 15. Back. $12.05 United Press.

Indian Britain Revokes

Licences

was

Board of Trade officials state that Russia is unlikely to get anything like that total this year. One official said today

We

are watching' carefully the amount of rubber Russia pur

she does not chases to ensure

more thon her

voimal civilian requirements.” ~

get

The Rubber

Markets

London, July 11. Prices of

futures rubbar closed today as follow: Number 1 rubber, in centa

per Ib August

September

October/December January/March

April/June

PATTISON ORIENT LINE

LIMITED

S.S. "LAURE PATTISON" DUE FROM: LOADING: Kobo July 17th 18 & 19

12-14 Queen's Road C.

SAILING FOR:

Pusan & Japan July 20th

Chinese Agents:

Tel: 25846.

OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tela: 25646, 26127 r 31119

DON'T MISS THE LIBERAL

New Republic

American Output

Of Goods Still Exceeds Demand

Washington, July 11.

American business is still producing con- sumer goods and industrial materials faster than it can sell them, despite the increasing pinch of Government controls.

The Commerce Department reported today that business inventories hit an all-time high of $69,900,000,000 at the end of May.

of

Retall stocks

building This was $1,400,000,000 above April

30, and $1,000,000,000 materials and hardware, home furnishings and clothing alf 4414-40 above a year ago. 4316-44 Official sources estimated that showed increases of $500.000,000

the big inventory has continued to $600,000,000, since then in most lines, akhough

4032-41

37-3714

3414-70

.22-3243

-United Press.

NEW YORK PRICE

New York, July 11. Crude rubber spot No. One ribbed smoked sheets closedt at 52 asked.-Associated Press.

New York, July 11.

market black pepper The Armed today in quiet dealings. Sellers offered spot and nearbys at $1.47 pound and July- August shipment of malabar and lampong at $1.60. Buyers Indicated their interest at $1.66 for nearby shipment. cables overnight were higher, with buyers at $1.84 on an ex- dock basts and sellers at $1.07..

The New York Produce Ex-

London, July 13. change

To conserve supplies of plati reported that black

for Washington, July 11.

pepper stocks on hand in ware-

metal and alloys

New York, July 11. The Secretary of Agriculture, houses along the Eastern 100 rearmament, the Board of Trade

World sugar futures closed Mr Charles Branquan, today on board on June 30 roes to 10.412 revoked all licences to expor today to blaker, with sales nounced an increase of 1,000,000 bags from 11,141 bans in the these goods to all countries except bates in the 1951-52 preliminary preceding month. Receipts in the Commonwealth and the totalling 170 contracts.

Contract Na, # glased 3 to calian export allocation. An Juno were 5,104 bags aris United States, effective anduly higher, with anles totalling 173

núm.

New York Sugar

· Futures

bales was announced on June Withdrawals 1,023 bags...United | 190 Kaning by*krads returns for contracts.

initial allocation of 2,600,000

12-United Press. :.

-Textiles Easy

Press.

7,04 nominal

das bid 3.63 traded

Contract No. 4 (world) the first dive months of the year, september foreign countries (excluding the January (1953) United States took about 23,000 Narcis exportz-United From, t

Exchange Rates ounces or 52 per cent of the (giai tay

New York, July 11, The

cotton textile marketine "Aras done in the local

market morning at `ébe, főllowing +7@km#: ale print cloth moved lower, Sterling note per was easy today. Prices on runniicial exchang With buying interest small, The 12. Inilan (pardali wool goods and rayon gooda Indonesie guilders, per Biam tolle (par) 100). markots were quiet.---Assoglated dingapore" (dtratto) –

Fida pinatres (per 100)

Beptember Spot

3.5 bld 1.00

Last month's retail price war somewhat into may have cut department more stocks,

Manufacturers' inventories hit: a peak of $38,000,000,000 at the end of **

of May,

up $9,300,000,000 from May 1950.

Business sales also showed

a

big increase between May 1951 but the salca and May 1930, gain was less than half of the Inventory rise.

Manufacturers sales in May totalled $23,700,000,000 against $18,800,000,000 in May 1950.

The

Their locks of durable goods,

wholesale volume rose including automoblies, building equipment and household goods from $7,000,000,000 to $11,700,- up $4,400,000,000 from 000,000, Retall sales increased $18,300,000,000 to, a total of from $11,700,000,000 to $10,000,-

Q00,000 United Press.

were

$20,000,000,000.

Wholesalers Inventories rose

from

om $9,300,000,000 a year ago to $12,000,000,000 at the end at

May, 1030 and retallers inven- Decision Postponed tarles rose from $14,500,000,000. to $19,100,000,000,

Oslo, July 11 E· ́After'd inecting with trade Commerce Department-gurei showed that the expansion in won and employers represen

is divided tatives today, the Norwegian really mentorit

Minister, M. Elnar equally between durable and Prime

Erhardsten, - decided to post-. non-durable goods.

pene a Governmerit decision on PAIGGEST" INCREASE

measures untd anti-innation.

Retallers durable inventories the wage tariff hugotiations. rose to $7,000,000,000 at the end take place in October-Router. of May from $5,500,000,000 year earlier while stocks of non-durable goods went up from

Canberra, July 11. 6.81 bid

$9,000,000,000 40.$11,200,000,000.

The biggest inventory risedbok The Government. Employment traded

Bureau had only. 126,000 nominal place in the automobile

where dosiers stocks of cars vacant jobs on the books in tyres and other auto equipment April-an Improvement of 1,409 compared with March-Reuter cose almost $1,000,000,000,

11.

Contract No. 8 New Copra was unchanged with September

January (100) 10.69 buyers indicating: $160 per short) March

ton and gelijers, countering. at] May $7.00 $107.00. Cocoinut oil was offered Sur 1970s 14 lower at 121⁄41⁄2, cenia a pound. 1345 United Pevas,.

Sistember

lied Press

feld