1951-09-03 — Page 9

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THE CHINA MAIL, MONDAY, SEPTEMBER 1951,

GRAVE SITUATION ON

MESSAGERIES MARITIMES GRAVE

___

MOM

Arriving Leaving

"MAGELLAN"

Appl. A

*FELIX ROUSSEL".

•Repl. if

Rept. 15' Marsellies

+MEINAM”.

.Ampl. 28

Sept. 27

Oct, 21

"LA MARSEILLAISE" ..Oct. 20 +"OYONNAX"

N. Africa & Europe Kobe & Yakeliama Ort. 21 Oct. 25 N. Aftien & Europe. subject to change without notice.

* passengers & freight

freight for Portsaid, Tunla, Algiers, Oran, Tangier, Casablanca, Havre,. Dunkirk, Antwerp, & Rotterdam.

"

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 26651 (3 lines).

Bright Business Outlook In U.S.

New York, Sept. 2.

Business maintained an appreciably high pace last week although the production of most indus- tries shied away from recent peaks.

There was ample evidence that the summer slowness was ending. The signs pointed to pleasing fourth-quarter.

Businesmen tock the vicar that the Government's huge de-i fence plans could only mean more work, more wages, more buying power. And they Agured there still would be spending money despite higher taxes.

The ninth increase in railroad freight rates since World War II became effective during the we:k and spelled higher costs for many industries.

Copper Strike Drags On

*

&

un-

FRONT IN GREAT BRITAIN

HEDGING PRESSURE

LABOUR

IN

COTTON

New Sept, 2.

Colla York. Manpower Shortage Assumes

futures wound up a

week of small alternate railles

and declines, with prices, on the downside. AL Friday's close, the lat ruled 27 to 45 points or $1.35 to $2.25 a bale lower than the preceding week..:

The

pressure of hedging against new erop ginnings over wholma recurring flurries of domestic and

mill foreign buying along with speculative

Interest stirred up by the Korean: uncertainties nhd Washington proposals. to stock- pile raw cotton and texiles,

The crop news was mostly on the favourable side, apart

from the renewed concern over

the extremely high temperatures

In the Southwest and accom- panying reports of deterioration.

Critical Proportions

(FROM OUR OWN CORRESPONDENT)

London, Sept. 2.

No sooner are we getting out of one difficulty it seems that we are plunging headlong into another.

ROYAL

Date

-4th Dept. Ath Best Toth' Sept.

Fist - Sept. With Sept. 11th Sept. sith? Dept.

8th Oct

10th Oct.

10th Sept.

12th Sept.

· 12th' ·Sept.

zard Bapt. 28th Sept.

1st Oct

9th Oct.

.

I L

INTEROCEAN.

LINES:

ARRIVALS

.'. Ship

**TIWANGU HVAN HEUT:2"* "STRAAT SOENDA"

"TJIBADANE” "TABMAND OTJITJALENGKA”

"VAN HEUTaz" TJIKAMPER" “TEGELDARG“

From

¡Macassar, Jaya Ports &"BigSpor

Peralta & Melawan Dell**

8. Amarien, S. Afeton, Alagapore

Manila

Japan

Bakwan pelli Penang & Bingsbon, stacassar,"Java Porty & Singapore

B. Aftles & Bingapore.

3. America, 8. Afring,

Manua

SAILINGS

"VAN HEUTSZ"," *TJIWANGI"

*STRAAT BOENDA” "TJISADANE” --

*VAN HEUTAZ” "TITJALENGKA“ "THIKAMPEK"

Japan Ports:

To

ingap

Kingapore, Jaya Porta, & Maraisa?

· Japan Ports

Singapore, 8, Africa a 8. Amertek Singapore, Pinang & Belawan Delf Bingapore, Jaya Forte à Maca Japan Por

Japan Perit

Agents: HOLLAND EAST ASIA LINE

"TEGELDERT" While the Board of Trade Journal exudes quiet confidence at the oce easing of the supply situation for certain, if not all, raw materials- thanks largely to the work of the International Materials Conference in Washington Select Committee reminds us that a grave situation is developing on the labour front,

This should not, however, come as any great

Looking ahead to the next surprise. Mr Gaitskell,

Government

crop

Į

Chancellor of the climate, Exchequer, in his recent statement on the scheduled for September 10, economic situation, has already drawn attention to somered in the Southwest would the fact that there are more jobs than there are be offset by gains in the central men and women to fill them. belt and other sections.

traders felt that lossca

Some optimists thought that the next emcial crop figure would be equal to or perhaps better than the figure given in the August report,

TEXTILE MARKET Cotton gray goods producers looked toward the Governmen: for new orders when the recent for splurge of civilian demand print goods sputtered to an end.

Uppermost question was how soon and to what extent pur- chases for the armed services

Date

HONGKONG

6th Sept. In Sept.

11th Sept

SHARE MARKET

What does come as an un-efficient methods of production óf the most pleasant shock is the fact that industry. It is one this shortage of labour has now trasie aspects of this problem

thức. Thể trade unions assumed critical proportione.

(From Our Correspondant) harbour a strong suspicion of Any Briefly, the slimlion is that innovation in production methods Business done on the Stocks

only "200,000 there are

unem that evėms to them to threaten a Exchange this moming was ployed out of a total labour force section of workers with redun-valued

Noo ́at $780,923.05. of some 23,000,000, and about dancy. And this remains true in prices and the morning'o trans- 500,000 vacant jobs. But this is splic of the fact that there are rections not a problem that can be cut in now nearly three vacant Jobs for BRABES BUYERS BELLERS BALES half simply by subtracting the every unemployed worker in the

HK, Danke ....... 1545 1855 number of people registered as country. unemployed from the number of jobs waiting to be filled.

BANKS

Every productivity team ré turning from America, to say East Ams There may be shout 200,000 nothing of many enlightened INSURANCES unemployed at any

Union given Irade union leaders, preach the | same theme that there can be

Underwriters moment but probably only

HK Fire very small proportion of these no hope of a rising standard of are permanently unemployed or living for anyone until output per unemployable. For. instance, a worker is sharply increased.

The Trades Union. Congress be out of work on the day when the number

has

tacitly acknowledged thi unemployed counted will be included, even truth of this fundamental econo- though he

is probably only mic thesis but it has so far fail- moving from one job to another, ed to do anything about IL. The same is true of workers in other trades that have a large turnover of employment,

...of

Washington, Sept. 2. The striking Kennecott Cop-will be resumed. per Company workers were Gains in such categories as ordered by their union to re-

Washington discussions about the creation of a mobilisation business loans) turn toʻtheir, Jobs

10- In Utah carlcadings and

and texilles res:rve of cotton day, but prospects for an early were encouraging,

Cartondings hit 838,387, the end of the rest of the crippling aroused considerable attention building worker who happens to

| United Press. Inst November. highest since

remained copper strike

lons with the Negotiations They compared with 820,390, the certain.

Corporation--- previous week, and were just a Phells Dodge

the 839,665 shade under

of a major copper producer-broke

up in disagreement he

here. year ago.

The carloadings were an in- dication of the rapidity with No further union-company which raw materials were mov- talks are scheduled in Wash-

factories and goods 10| Ington, although ing to

the

in- unions market.

Avolved

moy begin. dickering The business loans Instated with

Anaconda Copper tho a step-up in the rate CI Company In Montana today. borrowing, much of ' for ex- Since Kennecott produces

only pansion.

About

cent 40 per

of the MORE SPENDING

*United States copper supply, Money circulation was reported it appeared postlible President a the highest figure in more Truman

at use may

the then a year-28,894,000,000 dol- Taft-Hartley injunction to re-

27,932,000,000 the store production lars against

if additional previous werk and 27,042,000,000 agreements Are not reached

In year ago.

WAG

This indicated there more spending going on, that the consumer, among others, had loosened up a bli on the purse strings.

6000.

vice-pre-

Left

Orville Larson, aldent of the striking Wing Mine, Mill and Smelter Workers Union, told a TC- It was a trend toward the porter that Union talks with botter business that many Phells-Dodge broke

Jast economists had been predicting night when the company re- an agreemC01

In recent weeks.

fused to

accept

Kennecott

up

Defence orders were building reached earlier with Kennecoti. up almost daily and there were | The

settlement

Improved Sulphur Prospects

vacant.

THE MONY

The irony of the, celtuations in When these are excluded, the that the TUC may have to ac type of man will on the unem-cept far more unpopular policies ployed Hst are not necessarily if all else fails to scive the sultable for the jobs that remain more

labour problem. Some of the drasile remedies are already being discussed in the Washington, Sept. 2.

The problem can be traced in financial Press "One of them is The Bureau of Mines sald

the serious the exceedingly unpopular mea- United States large measure to today that the should be able

to produce shortage of young entrants into sure of labour direction, which

next industry. Thus, in 1951 only the present, Government can b enough sulphur in the few

both $10,000 boys will reach the age counted on to avoid like the years to supply doméstic and export needs. of 15-100,000 fewer than before plague. But-short of this, what

the Ward the fall-off in the other portions cần be found? '. number of youths reaching the age of 18 is even greater.

While the United States cur- rently has more than enough sulphur for its domestic needs, exports to Allied nations have cut the supply

It is essential in several in

rubber, dustries, including

fertiliser petroleum, chemical and paper,

The Bureau noted the dis- covery, by the Freeport Sulphur

ONLY NEGLIGIBLE-

The average of workers in in-

to

the

20 1540

10 to 1545

20 do 133

20 @ 1080

120

.70716

189

N. Pt. Whart 5,60 5.60

Dock

Provident..

Bhai Dock – 2.80 Wheelock ... 2544

LAND, ETC.

143 87 100.69 581%

200

HK Hotel .... 6.50 5.90 1000

HK Lend S'hai Land Humphreys UTILITIES

Tram XD

P. Train

Star Tr

--,13.60

C. Light (0) 7.79 2.90 1000

C, Light (N) 4,70

¤ Light (BY ZAS 1199 Electio XD, 339% 34% 100

INDUSTILL

Telephone Cement

saje

3000

Tope

The problem will be "partly solved as the armament pro- gramine gathers pace and ray material allocation schemes be- come more effective In

supplies

AW13 dustry is therefore steadily a channeling

Iess essential creasing and this situation is from Ukely continue for at least industries and into those most STORES, another ib years. The effect of

of directly concerned with defence that the this is

total working

More sill might be population will remain almost Production.

done by making the wages of during that period, with a defence workers relatively more Incrzase. of 350,000 attractive than those in other

points out, is only aggravate the problem of infia-

many businessmen Joining those provides for a "package" wage | Company of a large deposit at the Select Committee Industries but this would merely

who have been predicting that increase of about 22 cents an retailers would be glad to have hour. It was ratifled by union Inventorles of civilian goods members, who were told. to this autumn.

report for work this morning.

The stoel industry was chief Larson among those that shled away a offered

about

said Phells-Dodge 1.3 centa less bit from the production peaks than Kennecott and refused to of recent months.

better its offer-United Press.

For the Arst time in six months steel operations drop-

ped below rated capacity. Pro-

to

duction was at 99.8 per cent of rated capacity compared with 100,4 the previous week and 97.1 a yea ago.

Contributing the 'drop were work stoppages at a few places because of extreme hot weather in some sections and the usual holiday periods. In- dustrialists pointed out that the terrific pace of production generally could not be main- tained without a breather now and then.-Associated Press.

Sample Fair Opened

Frankfurt, Sept. 2. Over 1,200 foreign firms, were represented in West Germany's biggest autumn sample Fair which opened here today.

The total number of exhibi- tors is over, 3,000. The foreign entry from 34 countries, la 25 per cent higher than last your and the number of

of countries represented – is; more than ever before, durable p

Dr. Franz

Or Wost

Sugar Control

Extended

Washington, Sept. 2.

the Garden Islands Bay Dome

Is

to

end of labour forcdition"

Cotton Crop Estimates

600

Watson

COTTONS

39 1940

Crawford

2000'ǝ

Rubber Futures

In S'pore

Singapore, Sept. 1. Prices of rubber futures closed today as follows:- Number 1 rubber, per ib.

September

14034-149

October

140-147

In the Mississipl. Delta. It said | which, this deposit

expected produce 500,000 long tons

to the total ion. of negligible Bulphur annually by the, 1953.

The shortage of labour is masl But, these means fail, there Several other

new deposits acute in biphly-skilled trades, will be no alternative but to of native sulphur have been The Select Committee report tells abandon the already diserzälted found and will be mined in of shortages of key workers in polky of rearmament without the near future. The Bureau nearly all the defence industries, tears" (which is clearly beyond did not disclose where these The railways alone need another our means) and embark upon à are.-United Press.

14,000 skilled workers to prevent policy of drastic disinflation a bottleneck: developing in trans- But this would almost certain- cause some unemployment in The manpower shortage in the the marginal industries and that 2001

mines is already well known, would be only one degree less Even

within the Service, dzpart- unpopular with the trade unlans meats themselves there is the than labour direction, gravo problem of filling key

STOCK EXCHANGE posts, particularly those requiring a high degree of technical or

Most of the activity in the New York, Sept. 2.

scientifle skill.

stock markėlis during the past There are various reasons why week can be traced to the after September Cotton Exchange statisticians The measure, supported by report that unless erop prospects his shortage of labour has de effects of the dividend control; spot rubber, unbajed Industry, deteriorate, American exports veloped so early in the armament shock. The liveliest: section of Black rage bind will take effect en January 1, for the full season will rumprogramme. It is a story of

the market WAS .in 1953, when the existing Sugar close to 8,000,000 hales. This housing shortages,

industrini

have Issues which Act expires.

the would compare with 4,350,000 Jealousies and trade unione of bring free from dividend con-

servatism.".

trol. Prices soared as investora It permits Puerto Rico, the bales exported last season un-

The aircraft industry draws at competed with each other for Exchange Rates can Republic, Haiti and Maxi- Traders here were

says "that in many centres at the Government's elimination it co to ship slightly more sugar to the US than at present.

of the export quota system labour will not be found unless Cuba's quota would be cut. Many had

President Truman signed

bill today revising and extend- Ing the law controlling „sugar imports.

the domestic

Sugar

· 2013-

Virgin Islands, Peru, Dominider the Government's quod fention to the first of these when these relatively "sentor slocks:

December Number rubber,

September

Number 3 rubber,

September Number 4 rubber,

Koji pala crepe

1644-1483 2381-130

$1531-

·149-15041⁄2

108-177

United Prem

Bernds was done in the local

Quotas of the Philippines and export Spected an increased new houses arò bullt. But the | kits wera. Tuli- quiet after their unemelal : exchange. market this

Hawaii will be unchanged. Associated Press.

NEWSPRINT FOR

·YUGOSLAVIA.

A total

•Montreal, Sept. 2.

of 2,100 tons of

In view of a

farge

bousing shortage is not the only crap but few felt, exports, would factor restricting the mobility of be unrestrated.

UNIONS AT FAULT-

Crop, estimates now average between the Government a fore cast of 17,200,000 bales and pri vate predictions of 17,359 000 bales. (The American weighs 600 pounds)Associated

Press.

however, the mar- Elsewhere recent burst of activity. There morning at the following rates was a firmer done in the gil-Berlin (nots (per 1

Dollars (par edged merkel, which is expected Indoneu mulders (per 100)

deal of the Siam sicala (per 100). to attract a good den

Mgapore: (Btrafts) funds that have been

bren built-

Up during the holiday full This C planters, (per 100) Industries which produce con- section is also expected to guid

some Indirect beneat rumer goods and now and them-

from selves hampered by the proposal to freers bale

to freers dividends. material shortages are banging Manydirme s now selling on to their skilled workers. even

#frozen" portion of their though they are not able to keep profis that would otherwise have them fully employed. Aart gone to shareholdité until such which expects to fretive defence me as they can be, distributed ring against the possiblity of proposal over becomes law), and Orders cannot be blamed for in- (assuming of course that the

But I futura labour problems

Imost: of thess: renorves, rex SAN is not in the best: national in pected to be Lavested in, tereat that firmaproducing verament

arcurities goods should attempt to One controversial aspect of thre aprio with defence industries dividend control

Eluochor German Vice Chancellor opcritically short newsprint is on Soviet-Rumanian ing the Fair, called on the West Germany export tradate facrcase Montreal. It the Its efforts. Gorinany was

hobbling behind other cours tries in the export market, Dr Blucher solde

Firms from India, Argenting and Cuba, are showing at the Fair: for the first time.

Te The air includes eight: ex- hibitors from Eastern Europos "one-from- Czechoslo

lis way to Yugoslavi ment of Canadian newsprint ever to go to that country and Wh the share allotted to Yugoslavia by the United Na- tions,

Trade Treaty

London Sept. Rumanla

and the Sovial Union have signed, javneg Mr D. Vukolle, Secretary at year trade agreemen

"Yugoslav... Eróbusy Ing viding for a 60- pès, qent Ottawa, said no plans have crease

sent completed for further changes betweeŃTAS CWO

menta mut

beca Clodsend..

the

offering higher wages to skills now, bean diay ka

workers 316 Induce them to

the emigrated,

of the been faformed inara i wil sing not bo, exemplad: krumi, dividei only control on shero/groundas

TACON

15.73

4.835 -3.10

12.478

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