1951-11-14 — Page 9

*

MESSAGERIES

M

"LÉS ÓLIERES"

"TELIX ROUSSEL”

Arriting

MARITIMES

Leaving

Pori

.Dec. G

Nov. 16 Dec.

"DOCTEUR YERSİN" Nov 15

+"MONKAT"

*"FELIX BOUSSEL”

{"BASTÍA"

M

Outward Pot

Marselles Homeward Fur

Saigon

N. Africa & Europe Muzika, Balgon &

Marseilles

Nov #7

Nov. 29

0 Dec

Nov. 30

Dec 7

Ver 24 Der

23

N. Africa & Europe

* passengers & freight

+ freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp &

Rotterdam.

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 26651 (8 lines).

PATTISON ORIENT LINE

LIMITED

8. "LAURE PATTISON"

Due From:

Kobe.

Not 17th

12-14 Queen's Road C.

Chinese Agents:

Baily For:

DIRECT Pusan & 21st Japan, Nov.

Tel: 25346.

OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 26646, 26127 & 31119

Bolivia Requests

U.S. To Increase

Price Of Tin

New York, Nov. 13.

South American Mining industrialists have asked the United States to increase the price of tin from $1.12 to $1.50 a pound.

The increase was asked by the Bolivian Association of Mining Industrialists and the National Association of Medium Miners of Bolivia, which claimed to speak for more than 40 producers who ship the major part of Bolivia's exports to the United States,

EXCHANGES

IN NY

New York, Nov. 13

US$0.95-13/10 2.80%

Canada (dollar), England ore!

unofficial

30-day futures

10-day futures

Franco (frak: +

West German

Deutschemark

Hylland (guilder;

It was asked in a letter to W. Stuart Symington, Reconstruc- tion Finance Corporation Ad- ministrator. The RFC is the sole tin-buying agency In the United States. The RFC recently proposed 2 price of $1.12 a pound.

It was a sharply-woided leller, in which the South American groups asked Mr Symington to review tin price action taken by 2.36 asked the RFC prior to his becoming

administrator.

2.33 bid/

The latter said the RFC bought

substantial

n

in

quantities

during the second half of 1948

at $1.03 a pound. The RFC is 0028-9/16 now selling tin at $1.03, the letter said, and it asked "What other metal is selling at the 1948-49 prices?

2.79

2 76

Australia (pound)

2.20

New Zealand (pound)

2.707

South Africa, (pound

Belgium (ane)

2.80

188

Denmark (krone)

1485

4.20

230

Italy-offic

1106

Norway (one)

.1405

Portugal (escudo)

0347

Spain" (pesetti

.0285

Sweden (krone)

.0935

Switzerland-free

MIDDLE EAST

Egypt (pound)

2.88!

Iran (it)

03125

Iraq (dinar)

201

Turkey (Kira)

5375

LATIN AMERICA

Argentine-official

0002

Brazil cruzeiro)

0300

Bally (boliviano)

Chile-free

,0100

Columbia (pesb)

4025

Cuba (peso)

1.00

Mexico (peso)

.1135

Para-rea

0850

Uruguay (pen)

4300

Venezuela (bolívar}

2003

FAR EAST

Titta (rupės)

2103

Pakistan (rupes;

.20930

Honkon

1766

3040

Indonesia

Singapore

Japari

QUITE CLEAR

"After tin was de-controlled in September, 1949," the letter Laid, "the RFC depressed the price of tin to about 75 cents, subsequent to the Sterling de- valuation from $4 10 $2.80.

"The RFC told us quite clearly that it saw

no reason why the

English should receive a higher Sterling price after devaluation than before. Bolivian costs are it be argued that

in dollars. Can

during the period when tin was forced down from $1.03 to 75 cents Bolivian production costs were reduced by 30 per cent?" The Bolivians said an RFC of $1.12 la based on the proposal assumption that all of the Bolivian mines can produce at the average of the Hitch and 300 yen to US$1 low-cost producers, and then ¡without allowing for mine de»

33:04

-United Press.

Copper Output Increase

Washington: Nov, 18.

THE CHINA MAIL, WEDNESDAY, NOVEMBER 14, 1951.

Money Market Changes

London, Nov. 13.

As important sequels to last week's rise in the Brl- tish bank rate, three link- ing rates were raised to- day.

!Banks Increased their

to Stock Exchange dealers against Govern-

ment securities by 002- half per cent to two per cent. The rate for loans to stockbrokers went up by a half per cent to three per

сед

ما

The rate on Treasury Billa moved from three-

cent quarters per 25/32nds per cent--which sounds very little but means a lot to the money market, Reuter.

Western Germany's Economy

IN SURPRISINGLY SOUND STATE

Frankfurt, Nov. 13. If money could talk, it would say the Western part of beaten and divided Germany has & sounder economy than some of the winners in the late war, Britain and France fdr example.

13

That

the verdict Eurupe's free money market.

as

of

The free money market is a piace where you can trade the money of any country for money of any other country without government restrictions

fixed and such

phoney values. The

judgment of individuals

currency exchanging onc another determines the value of each currency in the market.

There

for

frée

21

Zurich The free money

the

a place Is such

market of Zurich quotes West German mark

19 rents, the proximately

Cut-Price Japanese

Goods Alarm America

FOREBODINGS JUSTIFIED

(By KAY MURRAY)

New York.

Those observers in Britain and the U.S. who condemned the Japanese peace treaty as a threat to national trade are finding increasing evidence that their forebodings had basis in fact.

In Britain, the Secretary-General of the Association of British Chambers of Commerce, Mr Arthur R. Knowles, said that the much-feared Japanese competition in Britain was "still in the baby stage."

In the United States, it is already at an adult

level.

LED

HONGKONG

SHARE MARKET

(From Our Correspondent)

In the toy field, for instance, an additional £128 million for which used to be dominated by services to United Nations fores their Orientai neighbours, it is In Korea.

The US Government, feels coming up fast, and US. manu-

Business done on the Stock facturers say that, even with a that if the Japs don't earn dollars

Exchange their export

this morning was 70 per cent tariff duly, Japan by building

On the valued at $124,290. Noon quota- can undersell them.

rads, they wil be American taxpayers' backs or tions and the morning's trans-

be forced to make trade actions:- will agreements with Red China and SHARES BUYERS SELLERS SALES other Communist nations, which BANKS would be highly disagregable to The US. and its allies.

As com-

The pottery manufacturers are taking a beating Japan is now exporting £2,800,000, pared with a pre-war total of a million pounds.

But their amiable little eat-

petitors aren't just flooding the market, they are selling at prices Americans can't meet.

A

98-plece dinner set, for in- stance, selling in the US for

£19. 63. is duplicated by the Japs for £16, 10s, and Japanese dishes are selling for as much k 60 per cent less than American product.

SEWING MACHINES

the

The glass trade is deeling a draught, too, with Japanese im- por:s up to £560,000, compared with a pre-war £232,950.

Decrease In Rayon Shipments

New York, Nov. 13. Rayon shipments by domeştir

in producers

October

totalled

Date

Port

fa

Port

15th Nov.

10th Nov. 19th Nov. 20th Nov.

ist Dec. Zod Dec. 6th Dec,

17th Nov. 17th Nov. 19th Nov. 19th Nov.

21st Näv.

22nd Nov,

3rd Den,

sth Dez. 7th Dec,

Γραφ

Ship

"TEGELBERG" "TUWANGP

TSFONDOK” "PASMAN "JIBODA!" "BTRAAT

ARRIVALS

KIALAKKA" "VAN HÉDT32"

"TÄITJALENGKA“ "TEGELBERG"

"TASMAN" "TJPONĘOR" "TEGELBERG“ #TSIWANGE "TVJIBODAS”

"STRAAT

MALAKKA”

Japan

From

Macassar, Java Porta & Singapore

Machisar, Balikpapan & Ningapore JABAN

Djakarta & Singapore

Japan

Japan

Macassar, Java Poria & Singapora Зарав

SAILINGS

"VAN HETT:2" "TJIEJALËNGBA” **TEGELBERG"

TO

Singapore, Pebung & Belawan Deil Japan Porta Japan Ports

Singapore, Java Porta & Marassar Java Ports & Macassar

Manila, Singapore, E. & B. Africa Singapore. Penang & Belawan Dali Singapore, Java Ports & Machisar Singapore, Arica & 6. America

General Agents: HOLLAND EAST ASIA LINE

From

**KIELDRECHT *KIELDRECHT” "AAGTEKEBRTM "AAGTEKERA”

Edrope & Stugapore Мерд

Europe & Singapore Japan

SAILINGS

TO

Japan. vix Maxilla Manila, Singapore & Europe Japan via Manila

Mariti, Singapore & Europe

ARRIVALS

Date

Ship

17th Nov.

11th Dec.

15th Don. 5th Jan.

"KIELDRECHT* "KIELDRÉCET" "AAGTEKERK" "AAGTEHERK"

HK Bank East Asia

1678 128

10 @ 1575

INSURANCES

Wron

770

Underwriters

E.10

21st Nov. 12th Dec. 19th Dec. 7th IAM.

KK Fire

143

SHIPPING

Aşta Nay.

4000 a

DOCKS, ETC.

K. Wharf

106

6.00

18%

100 17.25

100 @ 13.90

3750

200 @ 37%

N. P. Wh Duck Provident Wheelock

LAND, ETC. IIK Hotel

HK Land

Shat Larid

Humphreys

UTELITIES

Tram ....

81

ca.

FK 1.05 2009 A 155

18%

600 18.89 C. Light (D) 9.70 9.80 1100 9.7

1000 € 8.40 C. Lahi (8) 9.45 5.60 800 @ 9.30 Telephone

18

In the sewing machine field, (2,200,000 pounds, the statistical where American skill and know-bulletin of the Textile Economics how has excelled for years, Bureau reported today. there are some very glum faces,

The total represented a decline INDUSTRIALS for as much as 30 per cent of

Cement at of of 1 per cent from Septem- the home market has been cap-ber, and 28 per cent under !ured by Japanese imports.

1951 second quarter dead ringers for the American

1545 15 500 @ 13.00

the!

1000 15.50

500 15.00

monthly STORES, ETC.

Dairy

19

Wation

29 2591

Crawford 3115

750 ₫ 29

200 ₫ 251⁄4

Wing On

(H.K.)

3715 4058

4.20

machines, bu; retailing at £31 average of 116,800,000 pounds.

The paper pointed out that the compared with the home product

figures Indiente a low rate of at £63. 75. 6d. at ap-

demand

most segments of the high-textile ecnsuming trades with the

But it isn't just the British shilling nt about 12 geared industrial cities of the northern States that are suffer- ing

cenis.

The franc and mark each were worth about 20 cents be- fore Western civilisation's Arst great modern catastrophe. That was the World War 1. The Erl- tish shilling was worth nearer 25 cents then.

A lot of things have mappen- since World ed to Germany

War I. After World War I, the German mark became valueless millions for $1. A new mark was created.

dry

And her war was lost and the Germans

wrung were again. So they have set up a other mark and as of now it is very close to the par value of -- United nearly 40 years ago. Press.

London Share

Slump

London, Nov. 1a. Industrial issues and British Government bonds slumped on the London Stock Exchange to-

Loses

day

A

Government in the bond, list ran up to 4 of point. Oil

stocks and mining also finished on the minus side. bonds Japanese Government

amid the

general were firm Juliness.

Most investors appeared to be awaiting the next move di the new Conservative Govern ment in its battle to put the, Ha on inflation and improve Bri-

international tain's position.

trading

The Financial Times daily index was 129.00. Japanese bonds

"A" (43. of 1899)

"C" (56. of 1007)

"D" of 1934)

"E" (545. of 1834) Consols

BELE

In California, tourists exclaim cestatically over the San Diego tuna fishing Bee-big matern clippers with radar, ship-to-shore telephones and all modern con- veniences.

Ewo

same situation true in cotton and COTTONS especially in wool where a large consumption is for military pur- percentage of the already small

poses.

Rayon staple Imports during September totalled 7,586,000 gainids, compared with 7,981,000 But the skippers of the beauti-pounds in August. The total ful modern craft aren't ecstatic staple imports for the first nine as they remain tied up in hat-months of the year are 73,395,000 bour day after day.

Half the 200-ship feet is idle.

it's likely "By mid-October, that almost the entire fleet will

her, be indefinitely moored said the business agent for the boa: engineers' union.

-TEXTILE FIELD

Many small boat owners foc being forced out of business. The reason? Imported Japanese canned tuna-two million cases of 11, nearly dour times as much! as they supplied in 1948.

When the duty was caised this ear from 22 per cent to 45 per cent on tinned imparts, the Japanese did a quick switch to raw frozen fish which comes in duty free.

on

|belinds against 57,245,000 pounds

in the corresponding 1950 period.

The Rubber

Markets

Loriden, Nov. 13. Prices of rubber futures closed Imports of rayon filament yarneday as follows: in the last month totalled 28,000 pounds. The first nine months Number 1 rubber,

in cents per 1b. jotat of flement imports amounted

December to 5,041,000 pounds, compared |January/March (1952)

April/June with 2,374,000 pounds in the same | period of 1980.—United Press,

Seasonal Highs In

Grain Prices

In the textile feld, the U.S. is less affected than Britain, whose markets Japan-now the number one textile exporter of he world is impinging heavily.

Not all the merchandise they offer at low prices is of lew value. It varies from very good to very bad, and business eties show about the same variation.

American manufacturers cont-

Witat-price per bushel. plain that not a single product Spot put out by their Far East neigh- December

irade March (1952) bcurs bears an Oriental name. Frequently names well y known to the American public, Corn

"Hoover," lee "Admiral,”

or Spot

December "Zenith" appear on goods that Merch (1957) are not even third cousin twice May July removed to these standard brand Rye

December,

Chicago, Nov. 13. Exporters' buying, plus the unfavourable weather, carried most deliveries of grain futures to seasonal highs.

Prices of grain futures closed as follows:-

names.

110

Associated Press and United Press.

UK's Exports

At New High

London, Nov. 19.

pletion, amortisation and profits Britain's exports in October comparable with allowances for

reached the record value of other metals-Associated Press, £235,200,000, the Board of Trade

LONDON MARKET

announced tonight..

London, Nov. 19, Prices of tin were very easy this morning, Turnover was

the

The daily rate of exports was two per cent higher than the average for the third quarter of announcement year, $61

In the first 10 months of the year exports were equivalent 16 du ennuki rate of 22.068 million 10 per cent above, the total for

adged 118 tons, including 10 tons for

The Detence Materials. Pro- caah.

qurettight Agency announced "to- Prices cloned at day an agreement under whichi | the omelai tha Anaconda Clopet Company follows:

the end of

will produpe an exté 30,000 Spot tission as

Spot tin, nelés

19rs of copper, per year, Busins done at GVAdministrator Jen Latson Three months Un, buyers l the et Rond, KHI Cô Thiên Tin Bio khi thweler

· Bastoris 'Come, 'at.

rioni, mine in Lyon Bettlement

"The prodita-

Anabout wo

#

lamber, imports rose again in Obicber 16-12201,600,000, about

- level of June, July and

W New York, Nov. 18. -ITTENS IDEALAINEDRE Coconut oil was quoted at

with ri experis in October a

£ 10,300,000, the exceek of impene

גע.

MANY COMPLAINTS

The Federal Trade Commons- Star in New York is investigating a number of complaints that "heads"-the ecwing machine

Instrument itself, which is the

Match (1952)

December -Blerch (1952)

July September

43-4915

43-431

4251⁄2-31

4215-

40-40%

United Press.

SINGAPORE MARKET

Singapore, Nov. 13.

Prices of rubber futures closed

cday as follows:-

Number rubber, per ib.

November

December

January (1952)

147-14711 14544-148 14444-145 Number Zrubber, November 140%-141 Number 3 rubber, November 1351-130! Number 4 rubber, November 13011⁄2-131 Spot rubber, unbaled

Black crepe.... No, i palé crepe

Exchange

1402-247

100-200 154-159 United Press.

Rates

in the locat Business was done unofficial exchange market this morning of the following rates:-

2.48

U.S. Dollars (per (1)

8.85

Sterling note (per 1

15.38

2.593% 2.49-4

Indonesia guilders (per 100)

3.30

Stam tieals her 100)

27.30

Singapore (Stṛalta)

FTC plastres (per 100)

1.745 13,675

1.84-1.84%

188-1.877

1.852%

1.88-4

1.85

2.03%

9736-56 1,00

New York Bour-per 200 10. Sack $1325.-United Press.

only part shipped by Japan-ar U.S. Trade With

assembled in such a way that

a legend, "Made in Japan's West Germany

not visible, as the tow plainly requires it to be.

These same machines come without benefit of spare parts so that, as one New Jersey dealer

New York, Nov. 13.

American imports from Wes- fern Germany are expec ed to put it tartly: "When the house exceed $200,000,000 this year or wife wants parts, she'll have to about double the 1950 imports, a have an American part warped irade official said, into shape for her at a mail Henri Abt, Chief of the Gre fortune

Office m

"American businessmen American Trade Promotion

York, sald Imports wearing long faces these day for the first seven monilis of "How can

whch this year totaled $138,500,000 we compete depanese

PEPPER MARKET

New York, Nov. 13. In the black pepper market.

spot pepper dealers indicated at $1.67 a pound, November delivery at $1.64 and December delivery at between $1.57 mid $1.59 a pound. January delivery at $1.49-1.50 and January/March shipment

was offered

at

sock bags United Press.

$1.10 à pound. all on an ex-

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS A NGELÉS AND PANAMA.

NEXT SAILINGS

M.S. "SALLY MAERSK"

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK" M.S. "ANNA MAERSK"

M.S. "ANNA MAERSK" M.S. "LEISE MAERSK" M.S. "GRETE MAERSK”

Nov. 17 Nov. 80 16 Dec.

Nov. 16

Nov. 30

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos. 86068-9.

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Jabbar costs are only a hipports in 1950 totalled $109,- BAN PRANCISCO, LOS ANGELES fifth of ourat les couplan 900

31 000,000, whej. - naid. ----- Associated

The duty on Import 70 Press.

cent, but even at that path

Pari

cat underseite

to Waker

China and wakeware marktste timers have anzed the Cloverhe ment to purs à quela("lish ok

bub

SOTATOK. 1914 cenfu a pojind waked, 1.08, warga 10la mihidday das Eldard of wo liliba

6 lbf, Now: /13,

#fed Dibarimmerit

somnium pileti - of piëmbür averigA.

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