1951-12-21 — Page 9

Royal Interocean Lanes

"TUWANGI"

LAXMAN

1

LIEKAMPE

''

BAH"

JOB

It

1

NEL INGRA

SAILINGS

500

TIN

To

Vingapore, Jax &

Singapore. DJAN,

& Penani

Stanila.

Bingapore

America

Marassar

Ben

Afibra A

Jak s Irfan Setorang

Mausspar

MAIDEN VOYAGE

Singapore, dava A

THE CHINA MAIL, FRIDAY, DECEMBER 21, 1951.

Formosan Sugar

Manassse

+

Japon Party

Penang & Belawan Uza

DE ו

Japan

Jay A 1121 Vina

COWANG

TEREJALENGKA

Th

ngapore Java &

MELANGE"

CANADANE”

ax A strkajela

ATENED NGLA

VAN HE

Y

INSESAIN

KEDAANG T

KOHANA

ار

Mawar

גלי הדר

Sel

A

AKRIVALS

From

Las Pal

A SDF **

Cener Agent

J. A

www.

أو

HOLLAND EAST ASIA LINĘ

SABLINGS TO EUROPE

PARK

AFRI

CHOOSERKA

PARENTSKIRA

13

1.

1.00

SAHINGS FROM EUROPE

Sus

Hotterdam

יונז

. יכו

War

וו

I

Activer

Hongkong

TEPL

מיון

FINE

+13:

Apa

Jih

ANG PERK "OVERIJSELS BOOG NERA CANEN DRINK

KIPE

KING'S BUILDING. TELEPHONES: 28015 TO 28017 CHINESE AGENTS: 82, CONNAUGHT ROAD. C. TELS: 31196, 25133

Economic

Future

Of South Asia

New York, Dec. 20.

A

Given that, the Western,

An American importer and economist says the once-colonial people of Southeast Asia want only one thing--complete independence. he believes they will lean toward free enterprise system of doing business and will become economically sound.

Morus N

ROSCIENC

2

York look qut trek bager

111314-4 met

1

New poratest by any body.

Bem-

od States Ur Soviet saddled They rede to be tree! : Joart

Ples cars net Wand re

it the

ane!

: זיי: זרנו.

e of the

several 1KN Wit da

10 Bey cabi wal convinced hair. 141 It's

M Rosenthal, 31 Swietl is in the led the Parthe

Hall and Compativ But he said, - lead of all else the Stein

ingering bude te was a de brite lei tha prontar zo sestarane Conference of Asia in Singapore delegates res Andon Other

20 countries presented abit The basic plan was to have busi

is a burt ag clasate on the part of the people to be bet

They

learn't

theme

alth

CAR FIRMS

REQUEST

ON PRICES

Watengton, Di

For ph

manuleitures ceiling rieg

C

fir sathes of these reuntries meet

les

0341

SULNE BOTTL 014 economic the reached in Adure can be Pala

Collegetice.

larritst

1 other

the Al Jment visited

slappets business interests an Tharand Malava Indonesia, India, Pakis-

at the Philippines and where, always to and the

have quisled,

thing

from 4 27 28 48 per cent, the Government disclosed today

T request was made under the provisions of the new con frok law.

In addition to Ford, bugher the asked by WIFE reilups

Corporation, Rud- Studebaker

Car Company and son Metr Ka F.z. Cumpara on.

I

the grunted, would

increases

For Japan

Taipei. Dec, 20 Nationalist China

will

1 170,000 fonts of sugar to Japan for approximately US$20,000,000 in 1952 as a result of the recent falks old in Tokyo between M

of T. Yang. President Formosa Sugar

('01

Deration and Japanese

merchants.

Com

Of the 170.000 sons, 150

ald to be of Most of

arctined sugar.

I will be shipped to Japan and Feb- dening January

ruary next year

The total sugar produc- tion of Harmosa jor 1951 w 1952 is estimated at 500.000 Lons.--Rroter.

Foreign Exchanges

In NY

•S$0

De w:

-13 IN

2 7-1 th

2 ret

213 d

7

7 77

Japanese Plans

For

Further Increase In

Shipbuilding U.S. Hopes

(FROM RODNEY CAMPBELL

New York, Dec. 20.

The good ships Akagi Maru and Akagisan Maru, each of 10,000 tons and trimmed from stem to stern with flying pennants, put into New York harbour.

And soon truckloads of cheap "Made in, Japan" goods left the dockyards for sale at bar- gain prices to the victors of the Pacific war.

HONGKONG SHARE MARKET

(From Our Correspondent)

rise

נו !!

Raised By

Crop Figure

Washington, Dec. 20.

MESSAGERIES

M

"LA MARSEILLAISE"

"MEINAM"

BIR HAKEIM

MARITIMES

15

M

Outras for

Manila, Tokubums &

Kobr

Saigon

Homeward For

N. Afres & Europe

1

Arriving

Leaving

Jan 12

JON

Fah

ས

Jan

f

IAS

1

LA MARSEILLAISE"

25

Jan

26

Marseller via Mania

& Satcon

BASTIA

Jan.

20

N. Africa & Europe

*"MORTAIN"

-Fch

Mar

1.

Africa & Europe

passengers & freight.

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

Subject To Change Without Notice

Tangier The Government's first

Rotterdani crop report for 1952 raised official hopes today that the coming year may see grain production again matching the nation's needs.

Less than

ng M: Dean Rusk Assistant Secretary An Agriculture Department of State in charge of Fa, Eastern wheat crop forecast yesterday indicated that wheat production Affairs, told the American ship-

that in fustry

next year may exceed 1,200.000,- MODER Brite: Slates ain woul 1 be sent D00 bushels That would be tha

the Japanese shinnad ters third largest crop on recupe after the barnek vere

A

would 12 crop of this the Frents dette i line, pray exceed Pe Departmentle pirado e tion Kool ul 1,1-35 000 UHD bushels and permut the addititru of upward 01 100,000,000 bushels

reserve supply the

trom

427,000,000 about 335,000,000 bushel

x that the Ja, me ship-

was in for a bust ang ini

Ja

this Week

tire

we to the "Nex Jap shup 14 buiting plan inaz ext gal declined

by 50 per cent

years because of laggh The seventh wave of Japanese two. ship construction site the war production.

Saularly, reserves 17/ 100,000 had been schedule for Lons New Tot va was falking Stock

135,000 corn and 130.004 But as aathorities were dem sharply

JAD DON

Gus trans: SHARES BUYERS SELLERS SAFFS abat GENT LOANS

223

74

274

1198

Award

al

1435

quotations and

1M323-10-1

Business desist

this Exelvage

5447.740 70 Nubo the morning's

071 the Spek

WDS

4211

2030

་

HANKY

PRAH'

Drew PX25

F

ES 2297

234

30

P-SURANCES

Middle Fant

F

2 M

03125

20

SHIPPING

$373

A Nav

7774

145

11433

JAAN TI

1 America

K Whet

4703

1+

147 |

500

Providen:

Winnluck

34)

02150

LAND ET

1024

HK Hotel

5

f

1153

Chal

Mex en

214 Makas

نار اقوام

זואליז

anderwijayak HK Fare

IK Lend

Humphreys UTILITIES

Th

301 102 97% 17%

350.

1315 13 80 250

11

120.000

PLANS READY

Plans were ready to sad up to len new 15 of 16-kant vessels al vet the Pacid several of them on the Yokoluene u New York run.

Old names hite Nippon Yusen 17 Kaisha were in the forefront of the new planning and the line Marine Tisnsport Line was not far weh the amous NYK the prewar ora.

54 $ 7༞ ::R

14:4

1000 170

4250

Vinzuela

2009

E Trat 13

23

Tam (N: 11

Far East

200 a 11%

Sta Feri 143

india

2094

Light

2030

0 XD

:755

Ligt

140

IN: XD

IKLA

Pak star

Indonesi

Japun

360 yen to US$

United Press

Weekly Bank

Statements

London, Det 20 The Bank England stale Ant

week ending December 19 years as follows

21430236,000

1

N1- Puble deposits Pivate depos

Regules

Receipts

15,550,00€

379,097,000

16.280.000

44.770,000 |

10

Elatyhe

Sixty-three new ships were to be completed in the sal year 31 1952 01 26 ending Mai h Freighters pul down

il

feed grains, particulary !

dechred oals, have

past tw during the

that they reflecting the

kopl production has not

pace with needs.

years.

The Department has appeale for larger fees grain crops next They will not be plante í. yenT. however, until next Spring

Yesterday's report was limited

to new Winter wheat seeded l Autumn. In

Winter forecast

wheat production at $18.000,( bushels assuming 2107358!

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Ruilding (gr. floor) Tel. 26651 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S.

"LEISE MAERSK"

Jan.

M.S.

"GRETE MAERSK"

# Jan. 16

M.S

OLGA MAERSK“

Feb. 2

ARRIVALS FROM U.S.A.

M.S.

"GRETE MAERSK"

Dec. 27

M.S.

"OLGA MAERSK"

'ar

No forecast will be given for !

M.S.

"JEPPESEN MAERSK'

Jan. 6 Jan. 14

weather conditions until Summer harvest Such a crop would he 12 per cent large in this

i1 last Spring wheat until after

996 January, live are now ready The seeded next Spring But a crop For Freight and Further Particulars please apply to:-

30 # 200

0.15 40 310

24 3000 22 17983, been launched.

Far Boman, 211

Macu Erd Telephuse INDUSTRIALS

Cement STORES ETC

Dairy

W:

144

16 16:30

19 1914

vessels.

Was

of 300,000,000 bushels is possible. other 21. fen of them the new

year's Spring prop 2015 and 18-kno

have This

342,000.000 bushels Associate Preas

2334

30 21. The keels of seven Begisters 147 12,

and two large tankers were si 100 0 1417

in Mar h and April Twenty- 4001610 eight ships were pul

May 500 19.10 1500 1920

27 270 h vi 26 20

3200 27 37

Ewford 30 MISCELLANEOUS

3,95

Yangisze

The Rubber

Markets

16.110,00 Prices Casted Per closed

BANK OF PRANTE

Pans Dee The Bank of France arent

the for

114+k December 13 roads as follows- Total role holdings Fix 191,446.678,926

the: Total

talante

4201520x

Sigo

Pixr- хут

H

to Advance

Peny si sludisation

Eill discounted in alid Funer broad Notes in eurulation Chitsen

and acents

Ind "a sing national sprit " these It was idle is hope that countries would not de business with Soviet Russia and Cum- Whatever the rutust China British may say," he sun. "some rubber

[ror: the Retting Malayan jungle plantations into Communist banis will g

ES

HOPE FOR FUTURE

Mr Rosenthal aphed to existing

factory wholesale ceiling prices. But they would result in about the same rise in percentage at the retail evel

Feid asked for jovenes

of

110

which Ford

ä

simdar now

5.30 per cent on its Ford line, 4.37 on the Mercy nd B.13

Thus,

if the on the Lincoin Office of Price Stabilisation ap- the increase and retail proved

went priers amount, costs

$1,900 would cost $2,00% under the proposed schedule.

Increase biggest The ask by Kaiser Frazer propos:d

cint per United Press.

ETTI

Ot

was

which increase of 24.33 Kaiser cars

Strike To Be

1726920

said the West

should not be ion worried about

this. however.

thi

herause amounts involved are small. He thought would only hurt the emuse of Democracy to attemp

to set up an iron-clud prohibi- tion

such against

shipments because it would foster ill-will to do so.

The executive came away from the Pacific with a feeling of

for the future, greal hope because officials of the various countries

beginning to think for themselves and their toward thoughts were directed

and improved productivity living standards on a democratic basis.

Southeast

were

Asian countries

need food, and in that need help must come from

To Bed They Resumed

Tokyo, Dec. 20. Four thousand employees of the

Milsukoshi Department turbulent

Store chain,

whose

the West, he need even more

technical advice, foreign invest- ments that will encourge local prosperity without foreign do- and good mination, sympathy will.

"Given those things, we will millions of people win these as true friends," he said. "Given fuir trude, those things hand they Southeast Asia can prosper."--

onded at mid-

that

in a "no time limit"| Astociated Press.

48-hour strike

night,

anncunced

would begin a

strike on Sunday.

The striking employees were

in three Tokyo stores of the

Mitsukoshi, the oldest and best

known of Japan's department

alores, for a three-day stint be

fere beginning their new walk-

London Dec. 20.

(utures Of rubber day as follows-

rubber, to rents.

Numbe

20 state-

February 1902. March ending Apill/June

July Septen:ber Gelüber/December

4 144 14.005

28231.300.4

41-42

414- 404-41 301-74

38-36% 304 poin

- United Press SINGAPORE MARKET

Singapore, Dec. 20. Prives of rubber Putures closed today as follows:-- $7,500,000,000 Number rubber per 16

December

706.BAG,732.001 1,775.488,810.399

147.886,173,081 tuted Pre

Grain Prices

In Chicago

Chicago, Dec 20. Prices of grain futures elated today as follows:- Wheat-price per bushel Spot December March 1952, May July

Humber 2 Tuhber

Junuary 1952-)

February

December

December

Number 3 rubber..

Number

4 rubber

December Spat rubber. unbaled Black crepe

No 1 pale erepe

140%-141 1324-34

13524-13622 1322-2

104-103 148-141' 103-106

157-102

-United Fress

LONDON TIN MARKET

F

London, Dec. 20 The tin market closed steady start today. after

100 Turnover

tons, all i forward.

Every one of those new shups. the American shipping infrastry learnet, will be in the owners hand by

next spring

WORLD DRIVE

Plans are so reads for the construction l 14 or 15 large,

t

GINNING FIGURES

Washington. Dec. 20. The Census Bureau reported ! today thai 13.564,489 running! bales of cotton from the 1951 crop were glaned prior to Dec.

13

This number compared with 9.178,376 to the same date last 14.775.69 two years year and agu. The increase this year re fast cargo vessels rush the fleets a sharply larger crop..... Japanese export strive all over the world Three large tankers and two three medium-size freighters are also on the draw- ing boar!

tatt

And nearly 10,000,000 Amorje can dollars advaneca belee the treaty was signed, and carefully husbanded by the Japanese. wil boost this programme.

If, however, the Japanese de- cide to build only 125,000 tons, the number of tankers will be cut in two, and the medium-size freighters will be left till later

If these plans are completed as the Japanese hope to corns

plete them, then hey presto, we have another major seafaring nation on our hands again, with any amount of potential for future expansion.

Selling Wave

In London

Associated Press.

RUSSIA

DROPS HINT

ON TRADE

Paris, Dec. 20

Russia will make every effort 10 develop her trade with capitalist countries, the Chair- man of the Russian Chamber of

Commerce, M. Nesterov, wrote

an

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos. 36066-9.

Business Upswing Reported To Be In Sight In U.S.

Washington, Dec, 20. stable for several months, the Department of Commerce said today but an upswing is in sight.

United States business activity has been

So far, increases in defence production have not dlone any more than balance the cuts in civilian output. But a big bottleneck in defence work which has been machine-tools, according to the Defence Mobiliser, Mr Charles Wilson, was being broken.

rcse

to

Machine-tood deliveries 18 per cent tren September in articic the Soviet October, the Department said, magazine, "New Times"

with a further rise indicated for The vicle, summarised by November. the Moscow Radio

said it was the Soviet

hope

Gment's

There is a

to consolidale International cf orders. co-operation and that, P QUD- sidered

the development

based

The

two-year backlog

Department's

monthly

of survey of current business noted trade as a major factor in inter- several signs of future improve- national relations.

Bn analysis made ment, and Soviet foreign policy was pri- jointly with the Securities and marily

on the possibility Exchange Commission also poin of

peaceful co-existance of the ed that way. London, Dec. 20. Socialist and Capitalist systems, Fairly heavy selling ni Bri-Nesterov wrote. tish Government bonds on the tional Economic Conference to He added that the Interna- Londen Stock Exchange today, i wir ses ranging to % of a point.

Informed quarters attributed The losses to recent restrictions at the end of an bank credi: by the Govern- the official morning session

some

ment which have led market operators to raise cash bond hold-

2 67 2.58-2.57

easier wus

2.612- 2.53-7 2.499-%

Prices closed

Corn

B5

Spot December March (1952)

1.97

follows:-

10-

Soot tin, buyers

017

May July

1,05% 3.05-

Spot tin. Rellers

022

by peddling their ings.

Business done at

1.9

Three-months tin, vers Three-months in Bellers 2.19-2.14 Business done at

Settlement 2.13-2.134

912

019

DIN-003 920

12596-46 D5-4

Ryo

December

March (1852) Oata

December

March (1962-

New York flour-per 200 16. Snek $12.00-United Press.

Gains In New

York Cotton

United Props.

TRADING LIMITS IN EXCHANGE

London, Dec. 20 The Bank of Englons 10čny issued

treding the following limits for the foreign exchange mørket: --

New York, Dec. 20. The cotton market closed today | Zu with

Most sections of the market followed the downward lead of Government securities, although Bome

stocks regained part of thelr losges before the close.

The Financial Times' Caily

be held in Moscow on April 10 would probably mark a great step forward in consolidation of

economic international tlos-France-Presse.

Japanese Spindleage

Alarms US

New York, Dec. 20.

A textile trade newspaper, the Record, today This analysis showed that do- Daily News

article to the fence manufacturers invest devoted a long

ex- among American ments in new plants and equip concern ment are at peak levels now, porters at the rapid growth of

In Japanese spindles. while gimilar Investments

non-defence industries are lower!

rela-

this year.

Japan-Indonesia

Talks

It said that Japanese spindlenge

at present stands at 6,000,000 and

than their mid-year highs.

These "fixed" investments are has created consternation in ex- expected to total $11,141.000.000 port circles in New York.

The steady rise in the pro- ductive capacity of the Japanese cotton textile industry has been with increasing concern erican exporters of lape.

PRICES STABLE

21

watched

re- by American

and

The

prices were Industrial latively stable in October

prices on cotton Japanese November, the Department said, fabrics were near, the American following six-month drop. levels in the world markets.. Wholesale prices have noted the One exporter points out, that

thin

is a temporary situation. Farm palces climbed a little

ore interest among There is more The Ashery sub-committee of the Indonesian-Japan talks met but it was because of bad wea- American exporters at present for only one hour today.

ther and seasonal factors which for another textile conference. The Indonesian delegation do not affes non agricultural However, up to this writing, B311stened to Japanese explanation business.

'ndex of London stocks was 121.8. of Associated Press. Japanese bonds

of 3800)

|

"E" (19 of 1010

(5 of 1907)

104

of

"D" (63, of 1934)

8th of 1934)

*2

13435

Consola

to

United Press.

NEW YORK MARKET

the

Tokyo, Dec. 20.

is open

game.

point

no

formal invitation has been re-

No one is certain at present whether the United States would sit in as an unofficial observer or as an official membër«-United Press.

Target

US Canada Japan

are ceived.. Heavy basic industries shery agreement recently In-producing as well as they did fiulled. After the brioßng, both October or botter.

Basic materiala with high pro- delegations had a brief dlacUA- New

sion on the agenda. York 2.78-1/8-2.79%;

auction reflecting a big demand Paris

The nahery sub-committee Montreal 2.85%-2.88%;

were steel, other metals, In- 130-139%; Bruselis

at 11 mecting opened New York, Dec. 30.

4. at Sustrial chemicals. crude petro- 972-973:

to 10.86

10.57; Amsterdam

The lock murkot turned the Foreign Office and adjourn leum and equi

of major con Production Lisbon Zurich 13.28-13.98;

The reparations sub-commit- numer durable goods dipped in a net gain of 34 to 45 80.25-80.05; Stockholm 14.47 highly mixed today in late trid-ed at noon until next morning.

without tee which did not alt today is Ostober, however, to, n The change cums back at their jobs this morning New York Dugal | polats. Prices of cotton futures 14.50; Oslo 19.98-20.0%; Copening after a higher stort.

tomorrow only slightly above is sur solling pressure ar great expected moment, though offerings were after the drrival of nine more Inmer's low level.

donesian delegates Associated Television set produstion in persistent throughout the laber

urossed. The' disput' ct refri- part of the minion.

gerators, automobiles, stoves End Prices were from around two

Fables was off, United Press points lower to a polat higher.

The volume of trading con New York Metals

estimated the local tradled to

1,300,000 This ; aliances me compared with yester-

| day's: 1,810,000 There

Dow Jones Averngor H *Industrini isinde 191949, 207.46

Futures

New York, Dec. 20.

43.28

40/41-42 43 $3.304.29

38.90

closed as follows:

Spot

May July October December

March (1962)

May

30.38 montina) 30.60 nomiZENİ United Press,

5.33

5.38 bid September gan 0:55 nemiinal Work Buger tutures No. 4 eloned

Spat

NEW ORLEANS MARKET

$2.39-42.40 March (1900)

41.94-41.00

(4.70 bid

strikers with cluba "'un sup- preksioil of the labour union

#

Isoumber

naw sugar spot 0.10 nominal

MAP

Ansociated PrID,

Domestic sugar futures No. 1 On the protest of a Socialist closed unchanged to one lower. Maruh lepas

Sales 184 contracts. Assemblyingn, the Tokyo Mund-March......

cipal Areembly yesterday pro May

investigation into

charges thet police who broke one to two Inwer. Bales 13 ventraris.

up pleket lines had brouters

mised ・an

movement.Ursilat Preen,

35.73. B, d “United Progr

19.32 hagen

to 19:30 and Indonesia 527-520.

United

Exchange Rates o

Buninkaawan "done,

market Vatic hurning at the following retable

Indonesinulidera (pel libju

Bith. Elcar Tour 100),ne Hingapore 18traila)

| PIC pustres (per 1003 "k

11,30

Asociated Prest

Prese.

York, Dec. 20.

KERNE motul, market:

Prices

oložen today, unishatred with | the following excellent

Deryllum (10 to 12 per cent) per to 34-37 Unified Press.

Exceeded

Taipei, Deo, 20 The Taiwan Fertiliser Com paration today disclosed that the production of chemical fertilisers from their own plantion : Formoss, this year, has exceeded. the original (target:

$7,000

! meris corporation said that New York, Dec. 18,0 100,000 matrie Jors, of furulisem Chora was quoted Ibday tai had been produced up $107.00 per hort, ton. Rakad, Dicimber 18 maled that Cosoanut oil was quoted at 111 a total of 104,000 metrie somn cents a pound asked United will be produced by the end of

this year--Reiter

Press