1951-08-23 — Page 9

MESSAGERIES

MARITIMES

MOM

*"MEKONG"

บ

For

Arriving Leaving

"MAGELLAN"

*FELIX NOUSSEL"

"MĖÍNAM"

AUG 31 Aug. 21 N. Afrien, & Büropo .Kept.

. Sept. 13 ....Nept. 14

Rept. 27 ..Sept 20

N. Africa Curope subject to change without notice.

passengers & freight

Mazestites

+ freight for Fortsaid, Tunis, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam.

:

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong,

Queen's Bullding (gr, floor) Tel. 20651 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

THE CHINA MAIL, THURSDAY, AUGUST 28,

Must Trade With Reda

Capelliagen, Aug 22. Deunaik · CANNOL do without trading “with' the East European countries. the Danlah Foreign Minis- ter, Mr Ole Bjoern Kraft, stated today.

*National Tidends In an in--~

terview that in

U.S. THAILAND RUBBER AGREEMENT EXPLAINED

Bangkok, Aug. 22.

The rubber agreement signed-here" by the

He told the Conservative: Thailand and United States Governments last Thursday did not mean any change in the rubber trade between the two countries, an American. Embassy official said here today.

common.

with ather West European countries Denmark important traditions)" come... mercial: relations with the... Eastern bloc

Denmark agreed that on the grounds of Western security it was necessary to avoid exporting goods of special importance to de-

Minister fence, but, the added, in time of political tension the maintenance of peaceful economia relations. misht well consiliute a deotalvo contribution to re- Jaxing the tensionen-

ter,

RECOVERY

IN NY COTTON

FTi=4#-

The United States has actually been buying from Thailand a larger quantity of rubber than that mentioned in the agreement,”-

Boycott Of Jap Toys

Melbourne, Aug. 23. The chairman of the wholesalers section of the Chamber of Manufacturers, Mr J. Bradley, announced today that all Victorian wholesale toy dealers had refused to handle Japanese toys.

Baid.

M

"The agreement gives a cor taih stability to this trade. It is merely an underlaking by the Thailand Government to direct a certain quantity of rubber to the United States and by the United States to take that amount"

Under the agreement, Thailand- assures the availability and allocation of 125,000 metrlë tens of noiuial rubber · for purchase by United States private inierasts and Government, during the period from -July 1, 1931, to December 31, 1052.,

The United States, agrees, in the purchase of

turn, to assure

that amount.

- TRADERS', 'FEARS. A leading rubber trader in Bangkok sald today that al- though the agreement stipulated the sale and purchase should be through the regularly established private trade chan-

New York, Aug, 22.

He added that importers and that back Cotton futures camo

retallers who handled Japanese partially, with gains up to $2 o

toya would be boycotted. bale.

delivery March 1032

reached 35.10 cents, the highes

level since July 27 of, last year. Beneficial rains in West Texas and other tavourable

crop the were obscured by news Washington price support pro» posal.

M.S. "LAURA MAERSK”

M.S. "HULDA MAERSK"

M.S. "TREIN MAERSK"

Aug. 90 Sept. 14 Sept. 29

ARRIVALS FROM U.S.A.

M.S. "TREIN MAERSK"

Aug. 30

nt follows:-

M.S. "PETER MAERSK❞

Sept. 14

May (1952)

M.S. "NICOLINE MAERSK”

Sept. 29

July

Ocfober

December

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN & CO.

Pedder Building

Prices of cotton futures closed

34.84-34,88 34.45 33.15:

32.98 bid -United Press.

NEW ORLEANS MARKET

Spot

October December

March (1952)

Tel. Nos. 30066-9.

May

July

Wool Prices Expected

To Go Still Higher

Washington, Aug. 22.

October December

Empire or Australian goods if "We will not give them any

said. they sell Japanese goods," he

.

nels, it was feared in rubber circles that the Thailand might attempt to Government monopolise this trade.

ouher rubber, traders said The toymakers formed a com-

local rubber market mittee to oppose the Federal that the Government's decision to allow was Arm 39. n result of the Japanese imports. Mr Bradley agreement. sald wholesalers banned Japan- ese of their shoddy quality.

The armount specified for sale to the United States To- presents about 80 per cent of Thailand's monthly naturai rubber production.

In Sydney, the President of the New South Wales Toy Manufacturers Association, Mr | M. Gold," said today. that the

Federal Government's decision The Walted States and to permit the import of Malays are major importers of Japanese toys was a sell-out of Thailand rubber.-Reuter. the Australian manufacturing |

Industry.

SINGAPORE MARKET

34.95 84.77-34.78 34.74

Singapore, Aug..22. He added that when Japanese 34.86-34.87 toys were flooding Austraila be-

Prices of rubber futures closed 34.84 bid

today as follows:-- fore the war, the Australian in-

Number i rubber, per lb. 34.38 bid

dustry was of comparatively. minor proportions.

33.08 bid 32.92 bid -United Press.

V TEXTILE MARKET

New York, Aug. 22. Heavy demand for wide-print cloths embraced the cotton textile market today.

Today, however, it was an A£3,000,000 Industry employ- ing over 3,500 Australians, in- cluding many ex-Servicemen.

"With the high Australiani wages and production costs; "the industry couldn't possibly com- pete with slave labour from Buying for spot delivery ex-Japan," he added.-United tended into the fourth quarter. Press.

World wool prices in the next season will prob- ably average somewhat higher than the presented, and while levels, the Department of Agriculture said in a review of the wool trade situation.

The Department said, "Since consumer incomes are expected to continue la increase, the de- mand for raw wool for elvillan goods is likely to strengthen as reduced to inventories are levels in line with retail sales. Military requirements during the present fiscal year will again be substantial,

"The world supply of wool

probably will

not be greatly

different from last season.

FOREIGN

EXCHANGE

JN NY

"World production is expected Canada (dollar) England-oftelal

to be slightly

preas is

larger.

above last year and the carry-over in the major: exporting areas

These increases probably

just about

in duction

密

New York, Aug. 22.

US$0.541

2.50

2.49 bid unofficial

2 saked 2.0014- 30-day futures 50-day futurem Audirali (pound) .... offset the

New Zealand (pound) joint organisation South Africa (pound) holdings and in stocks in the Belgium (frane) consuming countries"

will

The

Tîm

Department sald stocks of apparel wool held in the United States last April re

about 17 weeks of presented

at the current consumption rate the lowest for that time since 1941, - United Press.

CANBERRA DECISION

Canberra, Aug. 22. Prime Minister R. G. Menzies today announced that Australia would not support any scheme any for the allocation of wool or proposal

Denmark (krone) France (franc)

West German

Deutchemark

Holland Rulider)

The demand was being satis- there was.no appreciable change in the mar ket, the announcement that the Army Quartermaster was sick- Ing 2,400,000 yards of branded serge has brought a better feeling Into the woollen goods marlict,

Representatives of the indus-

Japanese

Fertilisers

try were hoping for a pick-up In Demand

in civilion buying In, the ticar future.

Rayon, goods were: ex" periencing a slight improve- ment in buying. - Associated Press.

Tokyo, Aug. 22. Overseas inquiries for Ja- fertilisers panese chemical are heavy, with orders: totalling 355,200 tons, according

to,a Government check-up. EXPORT \CREDITS {{

Indin topped the inquiry list Washington, Aug. 22. for ammonium sulphate with The United States Agricul. 110,000 tons, the Philippines with 70,000 tons ture Department bnnounced to- came second

that the Import-Exporand Egypt third with 30,000 Bank was again prepared to tona. Formata and Italy are advance credit for financing the each seeking 20,000 tons while export of American cotton.i the United States, Spain

Brazil are asking 10,000 ton each.

this type of credit, Though backed by. $100,000,000 fund, has proved useful in raving cotion through world trade not extended chamels, ll was. last year because of a crop shortage in the Unlied States, the Department said.

7.8034

2.791% 3.001

day

01001

1459

0025

4.20

Italy-omela Norway (krone) Portugal (eseudo) Spain pesuta) Sweden (orone) Switzerland-tree

2030 110472

0318

MIDDLE EAST

2.881

03125 2A1

5375

LATIN AMERICA

Argenting-oficial

0718

Egypt (pound) Trai (risi) troq dinner) Turkey (lima)

wool-Importing by countries to impose price ceilings: Brazil cruzeiro

Technical examination had not follian (bolivianos shown it was practical to onerate Chile-free

Columbla (pera)

thePeru-free

any form of allocation without sexles (peso)

Impairment of possiblo

auction system.

Celling prices are not com-

Uruguay (peso) Venezuala (bolivar)

patible with effective operation FAR EAST of the wool auction, thandia (cuper! Premier stated, adding no caso pakistan rupee) JA had been made for departing Hongkong from the traditional polley.

There should be no inter- ference with

the auction in a. war

excopt system

emergency, he

said.

The Australian Government's

Netherland East Indies Bingapore Japan

3040

,0100

.40:23

1.00

1155

360 yen to USĪĶI --United Press, a

decision will be sent to the Plant Sold To

International Wool Committee.

the Premier salt-Associated

Pres

NAPIER BALES

Napier, N.Z., Aug. 22. Wool, prices showed a small recovery at the second day of flid, salda at Napier/

Price

movements

Philippines

Los Angeles, Aug. 22. A spokesman today announced the sale of the California Pipe and Seed Fitting Co, to Antonio Quirino, brother or President Mpidio Quiring of the Philip were pines.. erratle bus, roughly, crossbrett- ewe wool was sold at around un comparty spokeenan mid average of, 184, a puuza and tite prica was in exow of $1,* superior hogget wool at around 000,000, only a c

„Instruction and

Wa much

indro

The plant's u; mbulda, Fresh Furnace and other Ition will be shipped to

pines, the spokesman: [ndsisted-Fren,

This year's crop-promises to be the third largest In Ameri- can history-Reuter.

Objections To Emigration From Europe

Genova, Aug. 22.

India protested today in the United Nations Economic and

·Social . · · Cognik

and

Others in the list. were 70,000, tons, from Hongkong, 520 tons from Thailand and 2,000 tons trem Indonesia.

August

Beptember

14344-244 140-140 October Number #rubber, August 130-140 Number rubber, August 133-133 120-127 Number &rübbér. Augukat,

14034-14735 Spot rubber, unbaled.

103-104 Black crype ***. No. 1 palo.crope

Bread Price To Go Up

Parks, Ang, tă.

C- The French Conbelt of Alalstars: today fixed at 3,000 francs per quintal tha price farmers will raceive for wheat. The previouo price was 3,600 francs per -quintat.

Ventanan

--- This shontă

- tuæreasò In the pelos ... of of 10 to 13 franes per kilo: Government spokesman said, measures were belum examined to resirket this increase;" Bread now casts 19. francS per kilo-Beuter. »

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning was Noon valued at $414,730,00.

prices and the morning's trans

actions;-

·GOVT, LOANS

BANKS

(1940)

KK Dank .. 1405

East Asia' 11415 INSURANCES

Unian HK Tird

DOCKS, ETC.

Wharf

N. Pt. Whart

Dock

Provident S'hal Dock

8.00 E

LANDETC.

HK Hole) LEG Land

t

S'hai Land

Humphrey

1.10 Pá

13.29

2000 @ 90%

14000 3

50 1403

300 @ 25

1300

@悦10

UTILITIES

Tram XD

601312000 13.35 Star Ferry ..

3500 7.25 Light (N) 430 4.00 132 4 48 131.435 1000 40

Electrié 2915 2012 1300 @ 2910

C. Light (b) 1,10

2000 T.

**** 104-109 --United Prear.

219

6.90

210 @ 7.

2000 2.1o

LONDON, MARKET

Löndótt, Aug 22. Prices in the rubber futures market here closed today 38) follows:-

*70 € 29.10 300 63 29.49 Telephone .. 12.25 123% 700 1295 1000 1.63 INDUSTRIALS -A

Cement

21.40 11,00 1800 @ J122 1000 11.00

per lb. 44-4434,43

September

STORES Dairy

ETC.

October

November

Waison

October/December

Number 1 rubber, in cents

4112-35

January/March (1032) 312-44 April/June

311⁄4 nominal --United Press.

Jewellery Trade In Doldrums

Ipoh, Aug. 22. Goldsmiths in Ipoh ard worried-their business has fallen by about 40 per cent in the last two months."

When rubber was selling a top prices their shops-10 in all were packed with Malay cus tomers. Daily sales ofien, totalled more than $$00,000.

Many new shops were open Beeldes ammonium sulphate ,500 tons of nitrate, lime. is cd, others were renovated and sought by an Indian buyer. redecorated.

New Zealand and Formosa each But rubber hos slipped from have inquired for 20.000 tons of 5$2.38 per pound to 831.19. Tin super-phosphate of lime.

By has dropped from $$783 per countrice,the Philippines

Bent

has

Ave Inquiries, Tholland Pleul to $10. five, India twa, Hongkong, Spain, Brazil New Zealand, the United States and Formosa one:

United Press. ***

U.S.Israeli Treaty

Washington, Aug. 22.7-

2000

10

18.1

„Pare-9

R.I.L

KINE

Date

In Port 27th ADR.

201 Aug. In Sept. Gin Rept 11th Kept

#1 Sepe

2th Aug. 29th. AUF.

1st "Sept..

2324

Date

4th Sept. 17th Kent.

27th Sept.

7th Sept. 18th Sept. end Нере

Ship

AĦDIVALS

«TIPFJALËNORA" "BOLABEVAIN"

"EJIWANGI

KVAN, BRUTAZ"

From

Maenskar de Java Pärts

1. Afries, Mawziļins & Bligannée, Mammaent, Java Porta de BindiĘPÓ Atzalik & Helwan Kesi

-"ITRAAT ROENDA" 8. America, 8. Afiten, Stadsprite!

LIIBADANÉ“

Monta

Zapad,

SATLİKÖS

MESTEJALENIORĄ".

"B018KVAIN"

“VAN BEUPIZO

***THWANGE

MŠTRIAT ROËNDA

DEJIJAUANG"

Aikekhote, data, fatia Alaptis,, Rhagadar, M. Africa »

YORORANA & Japan' Moria

Sidesprecava Porta" &. MiTUNES. Japan Kolm

RENNIAL MEDánia), A2, ANÍCK “AMOMBER

Agents: HOLLAND EAST ASIA LINE-

Ship

"HOOGKRÉLIE" MATSIKERK“

· “NOONKBRK"

"ALMEFOK" .*ĦOOGRENZ KOM

KINGS-BLJEDING.

FASTST

EKIVALN

Qutage & Éidgapore Japan

SAILINGS

mtseasiar

Sabah via MiKİLA Makia, kiegagora a Kurape Matiti, spesjoče a Europa-

TELEPIJONES

More New

Gold Mines To Open

Vierfontein Aug. 23. The opening of 'more new gold mines in the Orange Free State was foreshadowed fodar by the President of the Transvaal | Chamber of Mines, Mr §. I. Fleischer.

U.S. PRICE CONTROL BATTLE

Wistsington, Aug, 22.

The White Houses said today' that President Truman har de- elded definitely to dsk Congress far stronger price-control pane cès and hopes to send a message to the Capitol by The

Word

on Audsday that, bir TAN WAS considering re- opening this issue -- thly three

Speaking of the taylor of the foundation statig of what will be one of South Africa's biggest power stations, he said that this weeks after Congread, pasted a

·was South Africa's most im bill he didn't like mint a cool portant gold minitig period since recepilat from some key leste- the industry was exjabílshed in | Intura. Witwatersrand.

Short

Mr Today

Joseph The station which will cost Presidential Press Secretary, £11,000,000, will supply power said the President and his aides for the new gold mines as well are working on the mesange as other industries.

with the aim of completing it Thirteen new mines being before Saturday. established in the Free State, Two Senator voiced dispica- new mining properties sure in the Senate on Tuesday five were now registered on the far at the report then that Mr Tru- western Witwatersrand, much two į mans might reopen his light for big now mines had externa the | sironger controls, an Associated

630 F pleture in the Klerksdorp Arda, PrEPA JOLTED ·

LONDON TIN MARKET

London, Aug. 22. The market eased a little this morning. Turnover was 70 tors, including 15 tons för cash.

Prices closed of the end of the offefal mornlig -- seksion, as followe

one at

Spot tin, buyers

600 Sipat tin, sellega Three-mentis în,, . buyers 843 Three-months tin, sellora Burgess done at Settement

United Press.

Merchant Fleet Growing Old

London, Aug. 22. Britain's merchant fleet at the end of 1940 included. 1,800 ships 2) which wire ́at least 23 yearų

old, the Ministry of Transport, state today.

Goldsmiths my as a result demand for Coleynd meat had slumped badly.-Asociated Press.

NATO Nations Finances

The Finance

Paris Aug 12

Minister $1. Rene Mayer and the Defence

• Power driven merchant ships offarer 100 tons totalled 8,240 and merchant mayy officers and.

lan their lives through inloping

•toon of olhET shipping were: Kork--Haut

New York, AUREL

Minister M. Georges Bidat Pepper Murket akalnshy the Officials said today that will accompany the Foreign large-scale movement of emi-gotiations for a treaty of friend- grants from Etirope "to roun- ship and commerce between Minter M. Robers Schuman, tries short of labour.

israel and the United States to the Atlantic Pact conference have been completed and the to be held at Ofiowa on Sep. She asserted that the problem document will be signed here on tember 17, a French Foreign ruled of simplus population Was Thursday, M

Bryce Offer spokesman said hera to- acuid in Asia...

The Secretary of State, Mr days Antan Dean Aclitson, will signs for the

of, the Attunile Pact

Mr. B. PRoarkia, Indian United States and Ambacentioran economic and Anancial The conference will include delegate, kald that Indians, Abba Eban for Israel. "having bumed their, Angers in The treaty is intended to

etal- Africa do not wish to

dronte a legal Basis for com- nailone and the latter hair or grated anywhere"

but they mercy Havigation, travel and the conference may Include a could not accept an interfin

good relations between discussion of the admission to Mémoral Monalemigrations programme de two countries FC the Atlante Bact of greece and not, applicable to the entire standard type of past such as the United Baca tinagund will do of the deliver com The United Nations report on mersial netloan 150f; ho methods of financing: - European. Tezzerevides/archi inistration dACION

the next

2,000,000 £75

shipment was nelly

Indian jambi pháorit

Rates

Attimore Smalnesia would. eventually beatubilined in al these areas. ARCANNEDER

He said it was in the national interest for the Free State mines to begin producing gold as sooN as possible, Any -Baby-i

Washington, Aug. 22. The Congress Today · jolted President Staman's Kopes of studeistrades price subito!!

WERE the $3,000,000,000 ald progesse Bank-

of the

| supplying 'adequate power wouly/Zach 25t

portpone production dates sho

log: Comiteenid. President deny South Africa the early Truman wiji be wasting benent of Free State gold-time when he reads a message. Reuter,

Grain Prices Higher

Chicago Aug 13 Wheat futures closed a to highter and goyberte were 1 to lower, Prices of gralų futures albced as follows: When=price per bubel

September

December March (2003)

Boot September December

Magch

July

2.4425-14

1.00%

to the Congress, making för tougher economie control law.

Chairman Brent Sh

blog grayipenlys: såld "changem ; In nove controls law might be in. Teoduced

and that hearings but that thero might be held, will be no comialties

the

unit wild-September Since 19 Congress hopes to adjourn by that

appears to rule out the possibility of any

October

Congressional action

mission.

i

this

cut

President Truman's setback on foreign and came when chair- man Tom Conally of the Foreign

ari Relations -- Sub-committee nounced that he will seek: a

The '$1,000,000,000.....

would be

catifely in the economie phase of the pro gramme, not military, Senator Connally said he will prese for A vote on the file later today 19710 asund by the Combined a weeken 271 biasa. Holations, and Former Borekçes Committers United

London Stock Exchange

Iraq Nees

Exporta