1951-09-13 — Page 9

Page

MESSAGERIES MARITIMES

MOM

Arriving. Leaving

zz 'tday**

*FELIX ROUSSEL” ........MIDL. N Sept. 15 AlarueBlak †"MEINAM”

Bejl. 21, NÌ Africa & Europe 32 *"LA' MARSEILLAISE” „Ort, 20 Oct. 21: Robe & Yokohama +"OYONNAX"

...Det. 21 Drt. 23 N, Africa & Europa subject to change without notice,

passengers & freight

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

CIE DES MESSAGERIES MARITIMES P.O. Box 63, Hongkong

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

American Drive To Transplant Rubber Trees To S. America

Washington, Sept. 12.

America is transplanting rubber trees from the Far East to Central America with "great success," a Senate Sub-Committee here was told today.

Mr Jesse Larson, General Services Adminis- trator, in a letter to the Senate Armed Services' Preparedness Sub-Committee, said that the trees would be out of reach of "any possible Communist aggression in the South-West Pacific.'

A rapid expansion of rubber plantations Ers the Wester.a

Hemisphere is planned. China's Silk

The military stockpiling target would be achieved soon. "assuming normal market con. ditions and that the synthetle rubber plant reactivation pro- gramme is making great breaks."

the

"The Government of United States will not buy in any capricious rubber mörk: governed by uneconomic and unrealistic factors," son's letter sold.

Mr Lit

Mr Larson sald that the transplanted trees retained their high productive qualities. They had also buill

up re- sistance to the blight which until now, had wrecked tempts to

grow rubber mercially in Latin America.

1

All Going To Russia

arc

London, Sept. 12. China's slik supplies have disappeared from Western markets and

being swallowed up by Russia, Mr Graham Hutton,

Britich economist, told the Internation- 1 Silk Congress here today,

д

Silk and other storable com- modities hind been passing through the "Iron Curtain,” he com-toid delegates from 16 nations. He did not think silk was being stockpiled by Russia, but it was being used up by some form of ordinary consumption.

He

more

A report issued on Septem- ber 4 by the Senate Sub-Com- mittee fed rubber Interests to believe that the United States

contended' that would

launch "an intensive people in more countries were. buying programme regardless likely be bidding moru -of-r-Inflationary-results, the strongly..against each other for

Administrator said.

available supplies of raw silic and silk waste in the next

to

General Services Administra- } generation. tion figures showed that world! rubber prices increased 14 per cent in the six days following behind the Iron Curtain, in the the publication of this report.

Prices had not yet receded to the price at which the General Administration sold Services rubber to American Industry.

America would not buy in any "capricious" market, Me Larson snid.

Privileged classes arising

Western Dountries, In Africa Land Latin Amerien would pro-

vide a new demand,

"Our ceiling prices for rubber are well known to the trade and I wish to categorically state that there is absolutely no in- tention to purchase beyond such ceiling prices," the Administra- tor's letter said.

"Certainly the present status of our stockpile Is far from being so low as to require us to follow the rubber market in any upward spiral.".

If necessary the American tyre and rubber Industry could forego some of its present high rate of production so as to speed up, stockpile buying-Reuter.

Japan To Buy Coal In India

Tokyo, Sept. 12. Japan will import her coul in from India instead of future from China, the Kyodo niews agency reported today.

The decision is in line with

the Prime Minister, Mr Shigeru

"The purchasing power for silk may well lie in the future In North and Latin America, in certain of the new privileged strata of Asiatle societies, in Africa and even in Australasin," be said.

Though there would still be a demand for silk by Europem countries, future developments would come from outside the West-Reuter.

Cotton Textile

Market Quiet

THE CHINA MAIL, THURSDAY, SEPTEMBER 13, 1951.

HONGKONG Tin Substitute British Radio

SHARE MARKET

(Our Own Correspondent)

Activity on the Hongkong Stock Exchange this morning continued 1ồ bo di “a slightly smaller acole. Transactionis,} totallet $361,730 in Value and the noon quotations, were; SHARES BUYERS SELLERS BALEA GOVT LOANS

BANKS

(2001) 9311

ЯК Валк 1325 1540 10 1533

INSURANCES

Windon

700 770 133

DOCICS, ETS

1833

N. P. Whart 525 5.75 1100 Dock

15.00 20 1000 Provident 1934 1930 2031 23

0.00

15.73

200 13.10

LAND, ETC.

HK Hotel

0.30 1600 @ 6:39

1 Land

65 1.45

1400 1000

22309

1432 24.00

609

11.50

103

100 101

S'ha Land

UTILITIES

Tram XD

Star Ferry..

C. Light (0) 7.10

C. Light (N) 4.75

&

1000 7.00

C. Light (B) 1.69 7.75 207.00

Electrie XD

Telephone

INDUSTRIALS:

Cement

Rope

STORES, ETC.

·Dalty

13!

13 13.75

17 10

2000331

16.0 10.00 1400 ✯ 10,15

65010 Watson ..... 21.75

22 200 2

COTTONS

Ewo

215 2.75

300 2121

500 21.89

100 11

0032

0:00 18 22

TIN

LONDON

MARKET

Londen, Sept. 12. The in market was steady Turnover was 75 tons; including 10 tons for cash.

Prices closed today at the end of the official morning session followst

Spot tin. buyer

130

Spot tin. seller

140

Business done at Three-months 5. buyer Three-months in, seller Business done at Settlement

936

87% 090-0874,

D35 -United Press.

London Rubber

Futures

London, Sept. 12. Prices of rubber futures closed today as follows:-

Number 1 rubber, In cents per lb. October

November

December

48 nominál 4724-30

4615-24

4813-2

October/December

4812-44

January/March (1932) 434- April/June

United Fress.

Discovered

for

Washington, Repl 12. RFC · Administrator W Start Symington sti, boticed today 'n' New process for making a sub

titute

from alommium and plastics.

He described the ; de- pvelopment as of "tremett- deus Importance to the whole economy." He sald It might force down dn' rives and help solve the shortage

siralezle tin for defence production.

Deconstruction The Finance Corporation which MP Symington heads was made the sole Importer of tin

In an effort to bring down prices. Foreign sup- pliers boosted prices sharp- Ix. after the, Korean wat started-Associated Prem

Premium

Gold Sales Under Study

Washington, Sept. 12. Mr Douglas. C. Abbolt, the Canadian Minister of Finance

said today that he thought coun- tries could afford to take chances in relaxing their exchange con- 'trols without waiting until "everything appears beyonil question."

Industry Has

ROY

ARKIVÁLA

Big Problems puma rogodo

London, Sept. IK"

The Radio Show, which is attracting thou-hept sands of Londoners and overseas visitors to Earl's Court, London, is a brave effort by an industry 26 m beset with troubles.

The radio industry has three immediate. problems to solve. First and foremost of these is the problem of adjusting itself to the heavy demands of a peace-time defence programme......

At the same time, it must con- | between £70 and £30 for inble tinue to develop and produce models, and nearly £100. for elvillan zeta to expand is over-consoles. ecas sules against koon.competi- There are, of course.? modela sion. And, thirdly, desple the to sull most pockcie, and lasiet. incidence of a heavy purchase Thus there are two

tax, step up its sales to the home sets which cost less than £00, market.

Although these

separate solution to

13th Sept. 14th Hept. 21 Arpt.

Ith Det. 15th Ort.

r. huber of rets in the .Arou. The highest priced model on show is, n Date

In are fuxury

The

one is not possible combination radio, gramophonths? Rept.

£763.

Yet chun fuckicnée of a

PSTRAAT, BORNDA? 8:-Emerita,

"YAN: HEUTAZ“

From

stenitas no meikwad no Japan

Helawan Hell, Pebanz & Stazapora, Macassar Zava Porth & Kingapore.

Holland (täiden Veřagn. 113.

Japan

8. Africa & Singaporn

6. America, R. Africa, BispaDODA

SAILINGSUORITENVE

"ETRAAT BOENDÁ” Japan (Pottase rebellado “VAN HEUTES"}

TJIBADANES

"TJITJALENGKA“

"STRAAT

MAKASSAR"

"VAN BKUNSZ" *TZIKAMPER"

"TEGELBERG”.

Mapan Joría

Biskoporn, #Africa) al n.. Aihettek.. Fingsbars, Jaya, forts, & Maçamar:

'Singapore,, Penang & Belawan Dell,

Japan Perkin

Agents: HOLLAND EAST ASIA LI

KRIVALS

FELI Det 2nd week Ort.

unless all are solved, The im-and clevision act (with a portance of the radio industry's screen) deren defence

effort is, perhaps, seedad;

plays an ever 08-2/3 pères purchasă tax-- to none. Radio

ญ: : the "Government's increasing part in modern war-part fare, and unless production of deliberate attempt is reduce them. radio equipment keeps pace with home demand for luxury goods- the output of arms of all des radio and TV sales in this Ma... Det criptions,

our fighting forces will country are

fairly buoyant. be severely handicapped.

There are now well over onu

· nota, in use, million television of radio in The Importance

and, more are wartime be

expected to be judged from the fact that, during the last war sold as the provision cf new

arcar

into personnel of the

the

3

He had been asked to commen: cn the stalement yesterday by Sir Leslie Rowan,

the British delegate to the annual conference

stations brings other the wireless of the International Monetary ghting forces ran into six the market. But TV sts are në: Fund, who said that the Fund Ogures, and the rodilo industry being bought at the expense of was not realistic in pressing for had to expand three-fold to tadlo zalce. The Radio Show is

cat timed for the them with free convertibliky

equipment.

of by March, supply

beginning 1952.

The use of radio commuulcation usual increase in demand during Me Abbott, who is the Chair in war is well-known, but now Autumn and Winter. and sales hus, been are expected to be stimulated, try radio industry man of the Board of Governors the

knowledge of the Fund and World Bank. called upon ber of new electronic prices are. hight, they cannot be

to develop and pro-

that, akhough duce a num

number fold a press conference that he

Including rukted expected to come down for some was speaking as

weapons, private person. He said that thore was no in-missiles and proximity fuses for considerable time. dication that Britain did not la-anti-aircraft shells. tend to pay the first instalmen: effort has not yet got into its The radio industry's defence on its postwar loan from Canada

full stride,

but already certain and said that the figures_given by British officials to the United component manufacturers states and Canada made provi- experiencing raw material short- These, however, are not sion to meet instalments on both ages,

as those affecting the Canadian and United States as serious

certain other industries, as the Mr Abbott disclosed that the amounts of raw materials used International Monetary Fund hat by the radio industry are smalt

Now York, Sept. 13: completed a study of premiun in comparison with the total re-

OI

Industry gold sales but said that it would, quirements

The stock market recovered whole. Nevertheless, difficulty not be reported to the Board of in obtaining supplies has already reaction and moved ahead with on Wednesday after its one day Directers until after this week's | **. meeting of the Fund's Gov-caused a

loons.

ernors.

Canada

[ponent maths

ore

ás a1

of com~ delivery dates, and the radio industry. 'Is several months ago in danger of losing highly-skilled asked the Fund informally for Inbour to other defence In- an opinion on possible premiumdustries. gold sales by her.

Mr Abbott said that the matter

has been considered because 40 per cent of South Africa's gold production was now being sold at premium prices for "indus trial purposen."--Recter.

DRASTIC CHANGE-

|

N.Y. Stock

Exchangeth

Recovers

a moderate showing of sinerigth Profit taking near the close did little more than shade the best prices slightly, The advance carried leading issues up to a little past the $2 mark.

While there were losses scat→ tered around the Hist, they

Ship

KINGS- BUT.RESS-

Japan

ICA

Europe, & singapore

SAILINGS

MAMIN,” Kingapore à Suroja Manda, Kingszoned & prope Japan yla Marāja milli

FELER BONES

MAERSK LINE

\-FAST : FORTNIGHTLY-SERVICE: TO 1-A

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO,, LOS ANGELES AND PANAMA,

Tags sinha

BANKS ONEXT.. SAILINGS

MS." "HULDA' MAERSK”

M.S. TREIN MAERSK??.

M.S.

PETER MAERSK”.

Sept. 15- 3 Sept. 30 Oct. 16

ARRIVALS FROM U.S.A.

M.S.

M.S.

"NICOLINE MAERSK”-0/03. "BALLY MADRSKYT

Sept. 26

MS

LEXA MAERSK

"Oct. 20

Nov.

AGENTS:

The armament programme, generally were held down For Freight and Further Particulars please apply superimposed on an economy severely. For the third straight

stretched, already fully

Das day the volume passed the two necesaltated a drastic change in million share mark at an the pattern of our overseas

overseas trade. estimated

shares. 2,100,000 Our most vahmble

export in Greatest demand and many of dustries will gradually be devot- the best prices were found in ing more and more of the aircrafts,coppermining, gold-

Exchange Rates of Spring wheat, all the prin- gmp in export production must activity apparent.

also

U.S. Wheat Output

Washington, Sept. 12. output to defence couipment, The latest official report on and the production of export mining, rails and steels in just export | about that order. Other aronS the United Siates' grain crop

by these industries must did rather well so far as prices

This be reduced. showa that, with the exception

were concerned but fliere was elpal crops may be smaller than be fed by other industries, and

the radio industry, although it market on Tuesday. Budness was done in the loen! those harvested in 1050.

confirms is itself making a valuable con advancing sessions. The re

oped lower after nine draight unoficial exchange market this The report

1948 the total one of those which must play an Strect and 6.85 first time since

some would not 350 wheat production may fall be increased part in the export pro have been surprised to see it 38.00 low the 1,000 million bushel gramme. :

continue for a few more days. Export figures for the 130 mark-Reuter.

Gillette Safety Razor seven months of this year show | higher

radio.in.

aller

directors declared how effectively the

extra 50-cent dividend. dustry

answered has

this

Shoe was American Brice additional call on its productive ahead on a declaration of 75 ets, capacity. Exports of all types

morning at the following rates carller suggestions that for the tribution towards defence, is acion was expected by Wol

Sterling note (per 1 U.S. Dollars per $1) Indonesia #ulders (per 100).. Siam ticals (per 100) Singapore (Streita) FIC plastres (per 100)

Cheap

18.75

Japanese

Goods

For Commonwealth: Dealer Interviewed

Arst

of radio equipment during this compared with 80 ets in period reached the record velur the previous quarters. Mabon- of over £12 million, compared as 14 at 510, after directors de- ing Coal Railroad lost as much than 20 million with less of 1050. The

inclared dividend of $10 us

reater than the Voing of a whole ) eluded Douglas, ahead

Indeed London, Sept. 12.

the ramo figure for the first seven against $12.30 previously pald months of this year was six times quarterly. Stocks

Aircraft, Consolidated Valter, Hofnstake year's exports before the war.

US Stedis, Union the radio industėje's

Northern Pacific, ful that it

It 10:3

not only increased mercial Exporters, Limited, today confirmed that the volume of its sales to many Fortland Cement, Chrysler, J.

countries despite the competi- his company were exporting cheap Japanese-made of the nationof radio in Reynolds Metals. remaining

dustries but 10 has

als: largely on the sidelines. An goods to Commonwealth countries.

managed American market. Moreover, U.S. Rubber Britain is now beginning to

Mr Leonard Brown, a director of Allied Com-export drive has

been so success of California,

I

New York, Sept. 13. The cotton textile market was quiet with buyers

caster tone was evident in print cloths, broadcloths and sime sheetings.

cloth was offered at 20 1/4 cents

price

10

the

establish herself as one of the leading exporters of. television equipment and receivers.

The export programme calls, Abgenutty by the manu-

Mr Brown mid that his com- pany were bringing work, to Briush mills by buying Japanese for the

radio unfinished groy cloth for pro- cessing In Britain export to Empire countries

from a

1. Case, Radio Corporation and

Policy Ho

44 Wostiingtory! Sept. 12. General Services Administra

for Jesse Larson today denied a Benate committee's charge that for the

Xianking

Fel for

He told Reuter, however, that these goods were not being re-exported from Britain but were The popular 80 square print being sent direct from Japan, ip first hands. off;1/4 cent), a A daily newspaper said here sard. In re-sale the 80 square today that Allied Exporters had print cloth was available at as samples on show, of strongly- low as 10 3/4 cents a yard, made klaki shirts at a maker's

of six perice. Mr Brown sald he thought this was wrong. The price was Doubly

HOUSE IN` ORDER ** nearer

xix shillings each retall.

"I feel that if Britain: puti markets. The tridustry huj Towels a

at 1/8d, ek wool baby her house in order she can stopped up ta' exports of home

hand, over fist natural rubber blankets at three shillings cach, meet Japanese competition, recording machines, amplifiera

buying

world market. In a rising canvas shoes at 3/4 to 77- were | But if people are going to buy and record players."

A report issued on Heptember he weld. Japatose goods, it is balter, that prestacion

4 by the Senate Armed Services' would. Mar

THE BUGBEAR

Preparedness. Sub-Commitee bran anything they order them through Britain which against Britain's in and that is one of the things. I

A fod, rubber, Injarasts to baileye ***** But it must be admitted that that the U. i willfuscatin terests, but people Julet under am trying to do."

thlamuccess in the an stand

Export Intensive the position.

Mr. Brown, who has an offleo There Is a

partly of making in Japanid he, personally business has been at least

on:

The wool goods, market was duli with attention focused foreign wool auctions.

Rayon goods were quiet. Associated Press.

Yoshida's announcement at the Profit Taking In

San Francisco, peace conference; that Japan would out trade with the Chinese mainland.

The agency said that Japan would negotiate for one millon tons of coal a year from India, to cover her import needs at their present rate: 9

London

not do

JEBSEN & CO.

Pedder Ballding---

--------Tel. Nos, 36066-9.

VFELIX ROUSSEL"

will all for

MARSEILLES

Manila, Saigon Singapore, Colombo, Djibnutí, “and Port-Sald:,

Saturday the 15th of September at 11 P.M. Passengers are requested to board the Vessel with their Cabin baggage on Saturday the 16th of September between 5 P.M. and 7 P.M.

Baggage Room and hold hagguge willjbe registered at Kowloon Godown No. 50 (No, 2 Gate, Canton Road Entrance) on Friday the 14th of September between 9 AM, and NOON and 2 PM, and 4 P.M. No baggage

will be accepted for Registration after this time, CIE DES MESSAGERIES MARITIMES PO BOX 53, HONGKONG

Queen's Bldg

28651:

Lines)

rucepan radiograms for the "quayovernment will not intuler ty low." He told Congress the

African jungle to the luxe conscie rubber stockplies are dangerous SOUTH CHINA MORNING POST

phobia of this," unid' Me. Brown, estimated that about 500 British dup to fall-off in sales in the CRING TO A MOMEN

bee

London, Sept. 10. -

Me Larson: aldre Front taking caused a light tany people would not buy arms were engaged in buying home market. The Industry He made the statements ma back in the price of booming direct from Japan for various Japanese goods for export i to biggest bugbear is a 06-2/3 per letter 16 the

redlo purcharg

Chairman Canadian and American dollar reasons and if they could be Empire markalns Dent

and telovlied fan on oll pceivers. stocks on the London Exchange persuaded to buy through this ap

An But, only about 200 wero

priets of me

models b-ohman, Democrat, country shon Briain would proactively, engaged in this trade,

ABAS | Aűtseinlöd. at the Redig

Industry's

Mata Wednesda,sues and thereby, he said:ERLAND BUSY, the reinalaing :

300 being

onNY Atte

Previously, Japan Imported British

- couldība,

only 100,000 tons of Indian cool | oils improve). Coppers werken- you becauso Climeio conlod after early firmness. Bonds

oblained more shonply. Brillah government de

Sales planning to wore neglected and essentially

ROD 009 tons of unchanged at the slows and

The Smantal Tunce ference, whh, Indian, which opens I indox. 2 was 2:193–

"Timro z 18::'/ nothing sinistermildly interest

Theralstom that in conc

Meddo, saki, MT

tham, oven is Caml;thie bron

Habil foods from:15;

sent aid sometimes.

ubber Quot

THE CHINA MAIL

SUNDAY: POST HERALD

-3743

THE ADVERT

EFFECTIVE MEDIA