1951-08-08 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, AUGUST 8, 1951.

MESSAGERIES MARITIMES JAPAN'S TRADE EXPANSION

M&M Economic Partnership With United States

"QUISTREHÁNÍ“

ARRIVALS from Japan

#LA MARSEILLAISE" from Kebe & Yokohama

BAILINGS.

PASSENGEL/FREIGHT SERVICE

to Japan

to Marrellles

FREIGHT SERVICE

"LA MARSEILLAISE"

"LA MARSRILLAISE”

"QUISTREBAM”

"MEKONG"

"MEINARY

16th Aug,

LONDON STOCK EXCHANGE

0th Aug. 22nd Aug,

.N. Africa & Europe 17th Aug. N. AIHM & Etrops Jith Aug. N. Africa & Europe 27th Sept. for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORÁN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAME.

"ÁLÈXANDRÉ DE RHODES" to Salgón

9th Aur.

CIE DES MESSAGERIES MÁRITIMES A LIMITED COMPANY ÎNCORPORATED IN FRANCE Queen's Building

{ Tel. 26651 (Three Linos)

Business Output In America Near A Record

New York, Aug. 7.

Business and industry are turning out goods at near record levels to keep abreast of defence orders. But their operations are less profitable than in pre-Kored days.

Many an industry has well-filled order books. For instalice, the nation's shipyards report enough work to keep them busy well into 1953.

Even the Inguishing textile Industry, has received

hefty Government orders.

corne

Earnings reports are good,

Sales are terrific in many cases. But taxes arc taking AL

Licensing

11emendous bite out of prodts. Of Cotton

Cats are lilgher. The

report of

United States Sicel Corporation

sicel

pro-

US

Allocations Nearing End

the nation's No. ducer, is a case in point. Steel shipped a record 6,400,053 net tons of steel prostrels in the second quarters. Sales climbed In a record SD08,140,194. But a provision of $180,000,000 for Federal income taxes in the first.. halt was more than double the

The Commerce Department rḥ- nist half of 1950. And net ported today that it expects to income for the. Orst six months complete the llecnsing of the equal to $3.01 a share, 250,000 bales of raw cotton alib- compared with $4,08 a year ago,cation for India this week.

All steel mills have to move briskly to meet the needs

was

of

Washington, Aug. 7.

་

The licensing of the 120,500

the many industries dependent bales allocation for Belgium and upon them. They are producing Luxembourg is also expected ic Rt 101.5 per cent of rated capa-be completed this week.

elty. This was the 22nd

London, Aufs/72

Price movements on the

Stock Exchange. were

irregular in a narrow range today.

Leading Industrial issues showed some firmness. Oli issuce

Increased Estimates For Industrial Production QUE

Tokyo, Aug. 7.

Japan, which has made a fortune out of the Korean war, now preparing boldly to exploit the advantages of economia parte nership with the United States as pakae fooms uneasily in Koran.

The Economic Stabilisation Board, în a pric vate report to the Japanese dovernment, has indicated that, despite the falling-off in. WAY OF ders, promised American Industrial orders--and assured markets in South-East Ama, in the wake. bonds shed minor fractions of the Japanese peace treaty, will guarantee cons Most foreign bonds chalked up tinued expansion of Japanese trade,

cased toward the close. Mining stocks were dull...

few British Government

Bmoll Kains or hold at last, week's levels.

The Financial wag 130.7.

Times' Index

Japanese bonds

"A" (42. of 1909).

054

H" (43. of 1910).

57

ar (Se of 1907).

สาม

"D" (5s. of 1034)

70%

Conzols

"E" (549, of 1034)... 1021

09 -Associated Press and United

Prt

WALL ST, LOBBES

New York, Aug. 7. The stock market was unable to move ahead today despite periods of strength in ralis and sicels that held the promise of rising leadership.

Active issues lost as much as

two dollars a share of litile extended to nearly two dollars among leaders. Volume

inore. Gains in some instances

The Board, in fact, confidently submite a vigorous upward revision of all industrial produce tion targets for the year,

Jitters On NY Cotton Market

HONGKONG

SHARE MARKET

(From Our Ghitespondant)

9th Aur

Ship

ARRIVALS

"VAN NEUTSZI "IJISADANE”

Japan

16. FCHEATER,-8. Atties,

Meanie, Juwa Phi

Mo Africa, Mauritania

крап

Macassar, Java Porta (a kingpilla

SAILINGS

Singapore, Penang" &_Nelawai, Dall Yokohama & Japan. Tapia, AIZVIEN

GARATIK & Deliwun „DINGS

Aingsport, Jaya Porta & Areatzar. Yokohama, de fapan. Parts Manila, Kingapore, 8. Africa 482

America

MacREAT

Amgapore, Java Poste

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Purebe

Гарал

Europe & Ringapore

Jupań

the week Oct

BAILINGS

Duritsus on the Block B24] Foll The opinion is frankly-fit, 18 change the morning was valued any cyniently expremed. Uini 45% 8456,1707 Noun prices

Be&WINH; } the Morina's fräfteäctjorts – rather th wahind

1. United SHE TOP NHANES HUVLHI SELLERS SALEH Sween

SANKE 60€ 42,6 Soviet Russia thereby Competilbe 188 Unlita 50:49 th ISALIMIA Indusitis)-60wééfitration of armé production, Páx

petition

Accordingly, the United States!

slotë must picceed with its New Yorli Adgr 7.

post-peace-Cemy plins of using Cotton prices faltered Japan ni sin industrial urinexc. firmness earlier in the market in which British com at the close affer exhibiting and Japan will be able to exploit in particular will be session. Tradera appeared cortipendingly weakened.. was to be getting "pre-Buredu

Heavy Industry, textiles, and fitters", as prices becante night metals are all expected to Stocks holding higher in

ordeta maintain and inerzare their cut- cluded Texas Company, Art-sensitive to small

rent strong recovery schedule.

The

'Ectothie Stabilisation

und 1,700,000 shares,

around

abondo

Copper,

US Steel,

Bethlehem either way............... Chrysler and

Local professionals, who hid

Slas Aircraft.

Lower were Gulf Oil, Ken counted on a more exterdvd Board also believes that tråde necolt Copper, Homestuke rolly, switched back to selling with Rea gulay, will develop if Mining. Dow Chemical, Ameri-when upturns pet more opposid and with the Korean shocilng All attention was chops, reopening that huge mar- tan Woollen, Goodrich Rubber tion, ired

Govertake to Japan and ensuring cheap on Wednesday's and Woolworth,

#upplice of iron ore and coal The curb fotket edged a ment crop report.

Some dealers apparently felt for Japan, little higher, Risers includes US

securities that the cumulative decline bi and International

and Venezuela, Fetroleum. Dow Jones Averagės) 20 Industrials

15 Rails

10 Utilities.

EAKEVEALING

Hum Ko is bed ૨૭ 9 150

besURANERS

under

Here 8.63 1.70 1660-1,580 | 220 W#ez deí HK FIFO... Docks, ENC

R. Whert

N. P. Wharf

Provident

Brat Dock, 150

Wheelock

LAND, ETC.

342

2000

18654:

FIR 11041

Bhat id

UTILITIES

2000 13.50

Tram Peak Tram

(0)

Star Ferry

C. Light (0)

总

20 2014

Telkphone, ... 11. INDUSTRIALA

Cement . find,ïï1⁄2 2006

Top STORES, Dairy

15 181 500 @ 1514

Watson

19 191

a bale for October around $10 delivery over the past tnonth The Board's new estimates for etimh increases été revchi- 264.01 discounted any huge, estimate,

producti Another developing theory whe 82.41 45.55 that if the crop estimate furting. The production Index esi- uffle maid for the outient Recht year the optimistte expectation (April 1951 to March, 1981), bas offorts may be made la expare, originálly. Been set in 120* (The exports of raw cotton to friendly 1232-30 average represents GOTONS foreign nations, 100), 1f fact, however, March,

Other possible price.

for. futurs

Associated Press.

Wheat Price

Strength

Chicago, Aug. 1. Wheat developed independent

suppĺňa

facto included the tassíbull./Bri: and... Mary production

renched 130,8, 192.3 and 153 res- pectively.

Rubber Markets

that surplug Brougli Gove

stocks might be

The reduction target wil now The isiphoned

mont purchases for the strategle he raised to 140 - highly- I stockpile

The average guos conservative

estimate,

which of the G1 New Orleans Colign Exchange members on the crop was 17.474.489 bales.

The market opeked 5 to 12

consecutive week they operated The Department suld that ex-strength at the Board of Trade. port lleenees covering 264,520 | Other grains went along, bu bales of raw collon were issued cuts was inclined to fag. When during the two weeks ending closed up 1-2 cents higher. points higher, then eated up- August 0.

above their ration

Freight carleadings totalled 019,875, the best inee July 6. Cride all production bit 0.123,- 100 barrels, a record high. Elec-

174.187. bulley Were

tric power production was indio, 45,460 bales for the United 005,201 kilowatt hours, the highest since February 3: Auto-Kingdom: 24,310 bates far Japon

mobile production dropped to 110,024 units from the previous The chief

Septeinber December March

$2.387-40 ward to net gains of 18 to 24

points. follows:

2.4378 2.4374

Spot October.. $1.734-December

12,340 balts for Switzerland and 12-114 klaber.

highër,

· Prices.

March (1052)

11,474 bales for Delgium and

were 4-1 Luxembourg."

804-May September week's 132,370.

Rye new style was 14-2% July CRUSC was materials curtall-

The Department said, "Licente

October higher. ment, which

halted many of applications for shipatents to

$1.73-7234 December September the huge General Motors as-

Soybeans were 19 to one ceni sembly lines. Labour difficulties Italy, Japan and other coun- whose cotton export

$2.01%-42 September

NEW ORLEANS quotas are not over-subterbed hither.

being are

processed

--Assöelated Press.

Spot received.

were a factor but a less serious fries one than recently. Hadson was idle all week and Studebaker o day, but disputes at other plants subsided.

DOWN BUYING Strikes in the freight car building industry and Caterpillar Tractor plant were

b

DA

"Howeve, in a number of

cases, licensing has been slowed Far East Hide

up, becaure, applicants furnished at the incomplete decuments" Company drag, on pro-

The Department also announced duction coals in other lines. that the distribulich of part pl Dun and Bradstreet reported the contingency reserve, stocks

of

Supply Adequate

34.03

closed

36.22

34.38

34.93 -34.87

34.39 -34.40:

34.34

3277 nomitulu

32.01 nomina -United Press. :

October December March (1952) May, July. October

MALKÉT $4.85 34.23 34.27-34.28 34.39 84.94 Eld 34.00 bia 32/73

United Press.

TEXTILE MARKET

New York, Aug. 7. The cotton textile market

will, cellainly be exceeded if power lupply, resutirées End Ve developed, but which in ory carc is 34 per cent. above the. 1950 average.

Londoh, Aug. 7.

Prices of rubber futures closed All important Jofiäfiese in- dustries recorded new high in folidly as follows:-- Japan crude petróleum, refined ·Wishbër 1 rubber, in eönté cettien, products, petroleum

carbide, soda tsb, and September

per lb.

-October-

phipriC COUCtion was NoyembÈt

Ensic

sleil

October/December

retually within per cent, of January/Matchi

the all-time high of 1843, when | AstVJune

Japan was exerling its maklum

KINGS BEH PING,

CHONGKA

Mantia, sintapora & Eurapa: Japon via Manita.

"Bidrid, Blízapore & Roróps

Japari via 'Klänita

-Kunis, - Birīgapore. i Europa.

FREE PIGONES.

20017 TO Janit

MAERSK LINE

FAST.FOBINIGHTLY SERVICE TO

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vin

·SÁN PRANCISCO, LOS ANGELES, AND PANAMAT-

- NEXT SAILINGS

M.S. "GRETE MAERSK“

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

ARRIVALS FROM U.S.A.

·M.S. “HULDA MAERSÍ“

MS.

TREIN MAERSK?

M.S. "PETER MAERSK”.

In Port

Aug. 144 Aug. 30.

For Freight and Further Particulars pléase apply to:--

AGENTS

JEBSEN & CO.

Pedder Building

4012-34

nominal

-United Press,

war effort. Yet operations were SINGAPORE MARKET at is tale of only 58 per cent.

of capacity

..

NO SUBSIDIES

Singapore, Aug. 7. Prices of rubber fulures closed here today as follows:-- Nimbor i rulibër, për 16.

Augu

September

October

It must be remembered also production this

oleci that achievement

10 owed nothing Government subsidies. As cu!-

Thore put Increases,

efficient Number 2 rubber, operation will be assured, unl: Number 3 rubber, costs will be reduced, and the

"August ́-****

August

compeiliive position of Jagran's Number rubber.

Augual slect industry will, be Cartes-Saat rubber, unbaled

Black érepa

have also bren

ly Improvna

heavy No Bals;

which

2014-144-14

1994-150-16 154-195

15734-150- 12015-100-10

123-124 1443

United Prem

TIN

LONDON

MARKET

Washington, Aug 7. The Commerce Department consumer buying down a bit made since the allocations In- announced today that it does with a growing number of shop-crease in the preliminary cetion hot expect to license exports of pers spurning high priced mer-allocations tnnounced on July:27. Hides to Japan. if the third

In the industrial machinery chandise,

The distribution, was as tot-quatter this year because of was hesitant today with mils held, with an output Retail sales in the country for.

were expected to hit lows:-Burma 1,000 balcs; Thai-"the favourable, hide supply and buyers, awaiting the Gef more than doubled last years, August

ernment forecast of the 1951 Altogether, under Japan's own estimated $12,400,000,000 by the land 2,000 bales; Jamaica 1,000 situation" in the Far East, around

bales; Ethiopia 1,000 bales; Ceylon Japan previously was one, of

Japan's exports should perenss Magazine So1c9

Management, 1,000 bales; Dominiesh tepublie the largest importers of United/cotton crop to be issued. dn new ́ñta expanding

Wednesday This would be three per cent 2,000 bates: Greece 7,000 balts States hides:""

"The Wool goods market was during the year by U51536- under the dallar volume and Guatemala 1,000 balck.-- The anticuncement cald the dull. Rayon goods were quiet. 100,000 $465,41,361,000,000. When expected Balled States August 1050, but the magazine United Press:

Department's Once of Inter-Associated Press.

procuremiflöders and Inv

Izadon, Aug. 1. pointed out it was not as poor

national Trade bet the export. QUOTAS STABILISED

visible trade ate added, foreigh Then market was quiet a picture as appeared at first last

currency Income will total ap today. Turnover was 20 less, all:: The volume" ·

quotas for the quarter at 20,000 nt

buffale fildes and wet, cattle i

Washington, Aug. 7.1

forward. Prices closed at the end August was a record because of

Shorn Wool Hides and 50,000 wet and dry The United States Department proximately US$2,000,000,000

Imports are expected to in- of 486 6Mzial morning session ax the

call and kid king, The hide of Commered today, stabilladd

cotton exported bU831,000,000,000 to follows Is 40,000 less than the eight countries'

U.3.$1,070,000,000. quota is not quite

second quarter as a result of quotas for the August-Novem

Bet' period. a falt one. Summer sales have

the cut in exports to Japan. Washington, Aug. 7.

new calf and A quota of 3,000 bales was moved some of the Inventories

The quota for Bureau of Agricultural kid skins is reduced cald.

uced by 28,000 announced for Greco-Reuter. that choked up warehouses and Economies today estimated that shelves

the United States shorn wool with civilian

skins, but the Mury ratailers believe the bulk

that licence will be granted in production would hit 229,111 the third quarter, for 5 ship of their femaining

000 pounds' this year.

thenit of call and Kid skin to Pepper Market troubles will be taken care of

This would be tour per cent during the

above last year but down abbut Japan. It said the port of economists seed

cont 27

the 1940-49 dry cattle hides will continulé per cent Situation in

civilian

Hcence control; under average. bibiness during the current Shorn wool is bulk wool used without quantitative qubla.ruled quier and generally on sales of 118 contracts.

But most of them in, the manufacture of woollen United Press Des expect a recovering during the garments. United Press. closing tree months of the year-Associated Press.

buying spree touched off by US the Korean war, Salds Manage- ment explains.

The comparison

quarter,

soft

goods. Inventory

Price Cuts In

Sweden

Stockholm, Aug 7

A

Production

The

NEW

www

CREDIT FOR SPAIN

Washington, Aug. Spain has received $5,000,000 new credits from the Export

but

Swiss-Rumanian

Trade

Pact

Bud

New York Sugar

Futures

New York, Aug.) New York, Aug. 7.

Domestic sugar, futúter No. The Black pepper market closed four to five Iwer, changed. Dealers reported Bepiember little evidence of grinders 16- November

* Dominiki » Katures... No.*. but, offerings in View quiet, no salonu higher repindement, gost World kung akurei No

thra to statis, tower,

•Pat Halesia den travalos Septembe

Spot-black. pepper was

·Aug.

quoted. An ciicin.com

iiqué, saldi orISUY today that

and $1.00 Ruchania bad olem trada

1 Aven officially announced Import Bank under the loan arrearmant under whi Swits that the price of Swedish-made programmes authöfided by the will och machinery, gle, zation produals will be cut be- United States Omgress, the friedi tween 0 and 17 per emt shortly.

American and Drexllian cotton

here today.

the were

Med 6' proportionally bigger time power in the Madrid atong The thas Gy

oth the " Unlik Blutch" redt was for developing. By in '» | exports of

United Presí;

Minstall prediction, the Bank Europe

Waldauter K

THE

YORK. UOTATIO

Spot in, sellers. Business Conë at Three months tin, bilj This months tim,” selle Business-done, si Beitlement

Tél. Nós, 36066-9,

M.V. “LA MARSEILLAISE”

will sail for

YOKOHAMA and KOBE

via MANILA

THURSDAY THE 9TH OF AUGUST AT 10 P.M.

Passengers are requested, to board the vessel with their cabin baggage on Thursday the 9th of August. between 5 PM and 7 PM

Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 60 (No. 2 Gate Canton Road, Entrance), on Wednesday the 8th of August, between, 9 AM und NOUN and 2 PM. and 4 PM imperatively, No Baggage will be accepted for Registration after this time.

CIE DES MESSAGERIES MARITIMES → A LIMITED COMPANY INCORPORATED IN FRANCE.

Tel. 20051 48 Linck)); Queen's Blug:

Pacific Far East Line, Inc.

LAI AND

Trátia-Pacific Services:

[NEW YORK CHICAGO OFTROIT-TOR

AND ALL AMERICAN & CANADIAN