1951-09-14 — Page 9

THE CHINA MAIL, FRIDAY, SEPTEMBER 14, 1951.

MESSAGERIES MARITIMES Japan's Cement DISCUSSIONS ON Raw Silk

MOM

Entzien

፫.

For

Arriving

Leaving

*FELIX' ROUSSEL” ....Kept. 14. *"MEINAM"

Hept. A

Rep. 23 Oct. 21

N. Africa & Enrope Kobe & Yokohama

...Hept. 22 "LA MARSEILLAISE" ..Oct. 20

Oct. 25 N. Africa & Europe †"OYONNAX”

...Oct. 23, subject to change without notice,

* passengers & freight

freight for Portaald, Tunis, Aiglera, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam.

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 20051 (3 lines).

Canadian Move To Prevent Dumping Of Japanese

Goods

Ottawa, Sept. 13.

Canada will oppose the entry of Japan into the General Argeement on Tariffs and Trade, well- informed sources said today, the Canadian Press Agency reported.

A delegation headed by Mr Canada's Trade C. D. Howe, Minister, will represent Canada meeting of contracting at a

U.K. Exports parcs of the 34-country tariff-

To Japan

London, Sept. 13. The Treasury announced Lonight that in future ex- ports from Britain to Japan may be paid for in Sterling from an account of a рег son resident in Japan.

The announcement brought into operation the Exchange Control (Pay- ments) (Japan) order 1951, which followed the Ster- ling payments agreement recently made with Japan. -Reuter.

EXCHANGES IN NY

New York, Sept. 13.

US30.64-11/10

Canada (dollar) England-al

AN

"

unoficial

30-day futurya 10-day future +

Australia (paired

New Zealand (pound)

2.79-15/18 240 bid

reducing pact to be held. in Geneva on September 17,

Mr Howe left for Switzerland by plane today.

Informants said that the Into question of Japan's entry the pact was not officially on agenda, but it was likely

the United States

Ili

tlant

sponsors I up.

of Japan might bring

If that developed, Canada would make clear her oppos!-

on, the News Agency said.

Canada's

|

Exports Up

Tokyo. Sept. 13.

Exports of Japanese cement during August reached 04,000 metric tons ne more than a twohold in- crease over the comparablo period of Fax year, tho industry division of General Jieadquarters reported to.

day.

Shipments for. August 1950 totalled 43,900 metrio tons.

For the first eight months of this year, the manthly average reached 89,000 metrio tons, com- pared to a 47.900.monthly

1050. Haring average Unlled PreM, - -

HONGKONG SHARE MARKET

(Our Own Correspondent)

- Business done on the Stock Exchange this morning was Noon valued at $201,038.55. prices and the morning's trans-: actions:-

Page

R.I.L.

PRICE OF GOLD Price To R. Le

TO BE DEFERRED Be Fixed

New York, Sept. 13.

The International Monetary Fund has agreed to defer discussions on the international gold price

London, Sept 13. The International Silk

Association congress Raw mised Japan that the price

Silk Committee has pro

until late this year, according to economists here. of raw silk will be stabi-

Members decided to wait until completion of the Fund's gold survey, they stated today.

Russian Grains For Britain

+

The currant official

interna-

|lised at $3.80 a pound, it was disclosed here today.

The figure, which would be ductuale 10 per

tional gold price is $38. per fine permitted to

cent either way, is understood

ounce,

to have been set in the face of

The economists say that as- surances have been received opposition from the Italian dele- that South Africa will not misantes. It was favoured by Bri- the

gold prices question during toin, France, the United States, current discussions of the Fund, Switzerland and Germany.

Mr Hutton, the British dele- The United States Treasury has Indicated that it would oppose gate, speaking from the floor, any discussion of the gold price said that silk has suffered by at this time.

classification as a luxury and in Britain by high taxes,

nt

London, Sept. 13. In recent months, Canada has probably teen the keenest The Ministry of Food

ngitator for a higher-gold price announced tonight that ao relieve her of the costly in contract has been signed for termal subsidy on gold produc- the delivery of Russian tion, the grain from this year's harvest to Britain.

Shipments ате expected to begin shortly, The contract

Ministry of SHARES BUYERS SELLERS BALES provides for the sale to the

300,000 tons malze, 425,000 tons of barley, 75,000 tons of asts and 200,000

INSURANCES

HANKS

LK Bank Fari Alla

1525 1549

123

700

4.20

1

Union

Underwriters

IK Fire

120

N. PL. Wharf 3.80

DOCKS, ETC.

K. Whart

Dock

Provident****

1014

13

20.75

Bhai Dock Wheelock

LAND, ETC.

IK Hole!.. IK Land Shri Land

UTILITIES

ions of wheat,

ot

The amounts of maize, barley Land

outs are the same ns in lust year's contract,

The wheat is additional to the previous contract.

contract, which 500 13.25 comes into force Immediately,

500 27.50

6.36 0.30 000 4 0.30

51

3000 @ 1.50 1.50

Tram XD 14 1434 1360 @ 14.30 P. Tram (N) 0.50 Star Ferry

10149

530 a 105

C. Light (0) 7.78

1500 7,85 4.00

4037 7.00

1000 41 7.50

C. Light (N) 4.75

C. Light (B)

Electri XD 33 33% 500 ₫ 33.23

Telephone 1314

INDUSTRIALS

Cement

Rope

STORES, ETC.

Watson

Dalry reason was that if Japan was made a member of CÁTT the might be able to offer

Canadian goods in the nurket at lower prices than now prevailing and thus seriously injure Canadian in- dustry.-Neuter.

those

NEW ZEALAND FEARS

Wellington, Sept. 13. There is no danger that New Zealand will be flooded by cheap goods of foreign origin from entries with lower Ilving standardst

Minister Thursday,

Prime

Holland declared on

2.40 asked commenting on reported ap-

prehension about dumping tactles.

Japanese

Mr Holland said preference had always been given to New Zealanal industries, with Britain next and the rest of the world third.

He said: "But what applies to Western Germany In the matter of getting her on her feet again, applies equally to Japan, and we must help her if we are to avoid perpetual occupation of a foreign country, with all its in-

complication," ternational United Press,

2.80-1/15

M

South Africa tpoundi

Belgium (franc)

Denmark (krone)

France (rana)

2.70 2.00%

.1455 .0023%

West German Deutchemark

4.20

Hollund (guilders

2630

Italy-official

Norway (krone)

Partural escala

110024 .1403 0348

Spain (peneta) Sweden (kronel

.095

Switzerland-free

Middle East

Fypt (pound),

2.001%

03125

201

4775

Argentine--clicial

0703

Brazil (cruzeiro)

0130

Bolivian (boliviano)

inore

Chile-free

Columbia (peso)

,0100 4826

Cuba (peso}

1.00

Mexico (pea]

Peru--free

.DGGO

Uruguay (pesa)

4075

Venezuela (bolivar)

2005

Far East

India (rupee)

3:02

Pakistan (rupee)

Hongkong

ます

Netherland East Indies

2040

Singapore

3300

Japan

Irati (! Iraq (dinner) Turkey (ra) Latin America

13 131 3300 1323

$0.10 10,40

21.75 22.50 1550

L. Crawford 201

COTTONS

Ewo

2.65

300 @ 2.70

Innovation

In Loading

Of Rubber

The

new

came after discussions between representatives of the Ministry and the Soviet trade delegation in London.

The continued shipment of Russian coarse grains will make

substantial contribution to Britain's supplies of animal feeding stuffs, ment said.-Reuter,

the announce.

Negotiations For Fishery Agreement

San Francisco, Sept. 13,

Reuter.

economists addedcom

EXCHANGE CONTROLS

Beenuse of high taxes. Mr Hulton

never said, those who had been silk consumers are now Prevented from using it.

He said "The only hope silk hns, is through the Internation n! organisation. Collective aution is the only thing govern ments understand today."

F.

Washington, Sept. 13.

The Swiss delegate, Mr Chances for a widespread in Do Schultess, said: "We do not ternational movement toward

agree with Mr Hutton's opti- easing trade-hobbling controls

slik" on money exchange looked all about new markets for to most delegates to the World

The Committee ended by de- Monetary Fund's annual meet ciding that activity should be

today.

nirmed at the distribution of

doivs and displays and at educa

terature, using shopping win-

tion of youth-United Press.

of

The full Boord

of Governors the 50-nation Fund took up the relaxation question in committee meeting yesterday. controls in 1952 or 1953,

is litue There little chance of easing i

Me Ivar Rooth of Sweden, Managing Director of the Fund acknowledged to newemen that

number of member countries had declared that their position is the same as Britain's-and for the same reason; they cannot afford to ease controls in view of the deferice effort strain they face.

It was reported. today that i the State Department would yoon begin negotiations with the Japanese and Canadian Govern ments for a North Pacifle Ashery ronvention.

Mr Miller Freeman, chairman of the Pacifie Fisheries Con- ference, said the State Depart- inent had notified him these negotiations presumably would lend in

agreement on the !protection of oceat fisheries

ordering the North Pacifle.

ah

Quiet Session

On London

Stock Exchange

The United States Govern-

London, Sept. 13, ment--which uses no montr

British and Canadian stocks, exchange controls except to back foreign bonds and rubber stocks up ila trade embargo on Red received most buying in A China-continues to press for generally quiet session of the faster elimination of exchange London Stock Exchange today. restrictions although it ran up British Government bonds against numerical odds-As-and stocks were hesitant with sociated Press.

Decline In

Chicago

Grain Prices

Chicago, Sept. 13. Wheat futures closed today 1% to 1% lower and soybeans were 2% to 011⁄2-lower.

Prices of grain futures closed as follows:- Wical-price-por bushel. September

Spot

A State Department announce ment followed Bangkok, Sept. 13.

the signing A new and speedier way of the Japanese peace treaty. The loading-rubber-Into-a-ship is nepartment-eld several repre- here by sentatives of Pacific Coast fishing being introduced French rubber company, the would be asked to accompany

December Societe des Matleres Premieresegotiators to Japan in an ad-

March (1982) May vicory capacity. Tropicales.

Mr Freeman said the plans Com showed the Department of Apot State now appreciates the dis-September tinetive international aspects of March (1952)'

activity

This method employs a tin- lined wooden tray on which 18 bales of rubber are stacked in 1wo tiers. The trays have been

designed that two will fit heries. The Department now Kyo exactly on a truck

P

53

FOR AUSTRALIA

Sydney, Sept. 13.

ships will carry Thirty-six

150,000

of than

tons Japanese goods to Australia be- the fore the end of October, Sydney Daily Telegraph said today.

the

2.40 2.41

ROYAL

Dale

Port In

Eath Sept

19th Sept.

24th Sept.. 27th Hopi. 20th Rept.

ard Oct. ard her. 10th Ort.

15th Sept.

17th Sept.

Bit. Rep..

1st Orl.

1st Oct,

4th Oct. 2th Oct. 13th Oct.

Date

13th Bapt.

Ship

INTEROCEAN LINES

AKRIVALS:

"ATRAAT SDENDA" 5. Amerter, S. Afries, Blagapata

*VAN HEUTAZ” -

THIBADANE”

"TARMAN" “TDTIALENOKA"

ORTAAT

MARARBAR"

VAN HEUT67" "TIIKAMPER” "TEGELBERGS

Straits & Belawan Dalt

JARED

Belawan peli, Penang à Elagabara Machtiar, Java Poşta di Singapore

Holland (Malden Voyage) Украв

A. Africa & Kingapore

R. America, B. Atties, Hingapore'

SAILINGS

"STRAAT BOENDA” (Japan Porti "YAN KRUTAZ” Jauns Porta "THRADANE” #TITZALENGKA" "STRAAT

MAKASSAR"

"VAN HEUTSZ" TJIKANPEK" "TEGELDERG"

To

- Singapore, 8. Africa & 5. America

Singapore, Java Ports 'à MACAZEND›

Japan Porte

Flugapore, Penang & Melawan Dell' Japan Porta

Japan Ports +

Agents: HOLLAND EAST ASIA LINE

week Ort.

16th Sept. 7th Oct.

Mid Oct

ARRIVALS

Ship

“ALMRKEK" "HOOGKERK" “ARENDERERK"

“ALMSKERK" "HOOGEERE" “ARENDSKERE”

LKINGSTBILDING,

Зарац

Janan

Europe & Alagaporn

BAILINGS

itania, Singapore: ay- Muroge NAMUN, BJDEApore, & Kareda JADEN VIA MEDIA

CULT PRONES

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VÍS SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "HULDA MAERSK”

gains and losses limited

to

minor fractions,

Japanese bonds

"A" (45, of 1839)

054

M.S. "TREIN MAERSK❞

"B" (45. of 1910)

89%

M.S. "PETER MAERSK"

"C" (Bs, of 1907)

8815

"D" (09, of 1934)

78

"E" (5345. of 1934).. 109 Consols

05%

M.S. "NICOLINE MAERSK”

M.S. "SALLY MAERSK”"

M.S. "LEXA MAERSK”

-Associated Press and United Press.

WALL ET. ADVANCE

New York, Sept. 13. Railroads dominated the for- ward movement today in the stock market.

The market forged ahead for the second straight day Into now high ground for the year. Gains amounted-to-a-little-more- than a

share among Leaders, Losses came to

to a

dollar

U

red.

A pure out the stuttered.

Along with ralls, copper and

2.4735

3.7654 3.7011

10 gold mining issues were in de- and 1.75% mand at higher prices 1.3112 same oils and aircrafts did well. The market started fast with Within a prices going higher. 1.004% ahort time, however, the list was marked with minus signs in major areas. This set to put a brake on the advance but there

1.74

** | Décember

known as ocean, Stay

recognised the industry's July

bearing upon the per- September

of

between peace bordering the Pacinely

to and its importance

New York hour per 200 Ab. aack was no immediate algn of a welfare of our own peo-81.230-United Fress

r.isa

vital along- As the truck arrives

manence alde the ship, two labourere fixi

nations hooks on each side of the tray!

Occan and the entire load of 10 boles is without lifted

ond elcanly damaging the rubber.

pic."

apprecia-

an

"The American industry also Many rubber men say this is expresers lis sincere a much better way of puttingen over the adoption of rubber into the hold of n ship firmative polley by the State than using the old rope sling, Department which will assure which only handles a maximum rotection

of rubber at a ten bales cement and of

lime--Associated Press.

It quoted a spokesman for the Australian Far East Ship- ping Conference as saying that 100,000 tons of

than 30,000. tons of more steel and steel products awaited 1060 yen to U51 shipment from Japan.

-United Press.

Car Output

Forecast

Detroit, Sept. 13. Third quarter production of j passenger cars and trucks is ex- pected to fall some 20,000 units short of the number permitted by Government regulations;

Automotive News sold this today in reporting that General Motors, Ford and Chrysler prob- ably will build 25,400 more vehicles than their quotes call fer but that other makers will build 33,000 fewer,

The trade paper estimates this week's United States output at 90,762 cars and 38,021 trucks This compared with 73,751 cars and 21,320 trucks in holiday bhortened last week and a total of 176,551 cars, and trucjcs-in the corresponding week a year ogo-Associated Press,

Other cargoes included cot- electrical fit- don plecegoods, tings,

and other newsprint

papers, raw

and sheeting.

silk, rayon goods

The Telegraph said that the ships were British, Norwegian,

Japanest,

Panamanian, Chinese

Egyptian.

The Rubber

Markets

London, Sept. 13..

.futures Prices of rubber nored today as follows:-

West German,

and

to

it

Number 1 rubber, ships,

in cents per ib, October

Importers were trying charter additional edded-Acuter.

JAPANESE TUNA

Washington, Sept. 13. Republican Representative Hubert Scudder Introduced a bill on Wednesday to levy duty of five cents à pound on Imported tuna,

Mr Scudder said the Ameri- by tuna from Japan and other can market has been flooded

countricu.

November

December

October/December January/March (1952) April/June

for our coastal heries of the North Pacific," Che added-United PreJS.

Action Against Cartels To

Be Taken

September

BSI

Cotton Prices In NY

Now York, Sept. 13.

Prices of colton fitures closed today as follows:-- Spot

Datober

December

March (1952)

MAY

July

October December,

NEW ORLEANS Spot October

Geneva, Sept. 13. The United Nations Economic Doomber 45-47 and Social Council on Thursday Laren (1019) 4534-40 44345 Ppproved a United States reso-May July 4542-44 lution calling for national and October 442-42 international action against Docomber 414-47 cartels,

-

retreat.

Foreign dollar loans idled in the bond market today—A350- ciated Press.

LONDON TIN

MARKET

London, Sept. 13. The ti market opened steady today.

Turnover was 275 tons, 310-2683 including 25 tons for cash. 3465-31.00

15.40

Prices close at the end of the 34.58-34.80 official Imorning Rcasion DS

34.79

follows-

Spot the buyers:

Spot tin, seller

Dustness done at

MARKET | Three-months tin.

34.43

33.00

83.24

United Press,

24.20

31,62

$6.78

$4.79 bid

34.57 2dd 33.30 bid

29.23 bid United Press.

The resolution sets up a ten-

committee nation.

to study business practices and To Get Their restricivo

for inter- prepare proposals national action to submit to the

as soon as possible. The resolution was adopted by ́14}&-150}

votes to threy, with Chilo 15039-1813 14035-1439 and Mexico abstaining

-United Press, SINGAPORE, MARKET

Singapore, Sept, 13.

futures Prices of rubber closed today as follows:-

ember Number 1 rubber

per lb. September

November Number z rubber,

September Number 3 rubber,

September Number rubber,

September

As a result, 90 per cent of tuna boats on the Pacifle coast are tied up in the ports.

of 183 large tuna clippers based at Sandego, "124, are idio because fishing is not profitable at the present prices-United No. 1. pain crepe Press.

pat rubber, unalod

Black, brepo

Council

12 You

14415-345

19935-141.

134-130 114-110 103-170 ited Press.

Russia, Poland and Czecho- slovakin valed

i stare.

Money Back

учет Three-monthe tin.

salers

Business done at Settlement

ARRIVALS FROM U.S.A.

In Port

Sept. 80

Oct. 16

Sept. 26 Oct. 20

Nov 7

for Freight and Further Particulars please apply tos

AGENTS:

JEBSEN & CO.

-Pedder-Building..........

Tel Nós, 86066-9.

m.v. "FELIX ROUSSEL"

BOTI

100

100

I

057:5

-United PreFF....`

Weekly Bank

Statement

London, Sept. 13. The Bank of England slate- Canberra, Sept. 18: ment for the weelt ending The Australian Government September 12 reads as follows:--

the mea-plares to return to wool rows Notes in circulation. £1242,764,000 A£45,000,000 collected from | Pubila deposita N them in the record 1951 wool Private deposits

Other sectarities

16.007,000

300,201,000 327,300,000

45440.0 45,440.000 21.0

Valted Press;

Ang karein Mr. G. sales, the" Prine", Minister, M. Goverment securities, .Russlan The 1481-100 Satchin, told the Council, the Robert Menzies, announced to teoripts

American resolution was·00-

A£$5,000,000

"ALL MOONSHINE"

Sydney

Sept. 13. Senator Nell O'Sullivan,

wald: tonight... that fear that Japanese goods might flood the

Business was done: in tie:' local Washington, Sept. 13.

was all indillera xchurige marketi Australian maricet The Economic Co-operation moonshine game

morning at the following ratessa ta Bierling note. (per 141) gener, 18.06. Administration today money have the power to stop Dell (kng) that Yugoslavia had authorised to spend $734,000 for the flooding of home markels by donge pruilders (per 100) der

(94) United I imported goods," he said......dero»

clated Press. A BEST

Aid For Yugoslavia Director of Trade and Customs, Exchange Rates

me

example of United States cory. He cited American in Gore 2000 har per cont moves to lower world. tariffs, levy applied in expectations of "while they keep their tariffe agreement on a minimum ros insuperable. - United Pressota sorve, price scheine," "But Aug tralian wool groźrarm «rojected Textile Market the scheme and the muber mut

now be paid back, MAAR NEW York, Sept. 13,

WIN! Medties, who earlier de The cotton ferillós markete sribed andRYTALELLAN KÜS KAVO artep, umid today: that dieplayed a heavy lobo ni with sales light, and scatteren, the date or comment would be Woolgoods wore dullē, 200- blated Press.

Seeds

And Olls

New-York, Supk." 13;

·Prices". In the seeds and oils. market here alod, today tri

with the following: ex-

cari,

will sall for

MARSEILLES

vla

Manila, Salgon, Singapore, Colombo," Dilboat!, and Port-Sald

on

Saturday the 15th of September

at 11 P.M..

Passengers are requested to board the vessel with their Cabin baggage on Saturday the 15th of September. between 6 P.M. and 7 PM.

Baggage Room and hold baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate, Canton Road Entrance) on Friday the 14th of September between 9 A.M. and NOON and 2 PM. and 4 P.M. No baggage. will be accepted for Registration after this time, CIE DES MESSAGERIES MARITIMES P.O. BOX 58, HONGKONG

Tel: 26651 (8) Lines)

Queen's Bldg.

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