1952-01-03 — Page 8

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KING'S BUILDING. TELEPHONES: 28015 TO 28017 TÜLM: 31196, 25773 CHINESE AGENTS; E2, CONNAUGHT ROAD, C

Israeli

Trading Statistics Reveal Striking Deficit

Washington, Jan. 2.

THE CHINA MAIL, THURSDAY, JANUARY 3, 1952.

Austin Prices Bradford Wool Trade MESSAGERIES

Increased

London, Jan. 2, The Austin Motor Com- рану. one of the biggest British motorcar and lorry manufacturing groups, au- nounced increased prices today an all their cars and commercial vehicles.

But a spokesman of the said that the new

confined were

firm

prices the home market. Exporte would not be affected. The Increased costs range from £15 on the "Baby Seven" Princess 13 on the

คล

imousinefield

Organisa- The tion,

Morris make who and Riley cars, announced price Increases on Monday but it was explained today that their new prices do after exports.---Reu- not ter

Financial Scandal

In Brazil

Rio de Janeiro, Jan. 2. President Getulio Vargas of Brazil has reported a financial scandal in high administration circles of the Bank of Brazil,

"know of ingrate example ofinds the f t

I'S 15 This enuhiny

un misten perhaps in that of in lepen tent country,"

-ch

از ۳۱ : ۲

He

1946.

pri

to law signed in

ii...v...! TOPIKA

!"

repatriated at

is captai

cont ate if 20 per maxmu. Kannum an: the remittance of interest profit ar dividends at might per cení po annun

Prerrien Vargas said the law had tree completely averriden by exchangy regulations issheri Brazil whereby by the Bank si

Faces New Year With

Moderate Confidence

Bradford, Jan, 2.

Thenol trade faces 1952 with moderate con- fidence, believing this year cannot possibly be as difficult as 1951.

The story of the year can best be seen in the price career of 64's "A" tops, a fine-grade Merino with widespread popularity. This grade began the year 1951 at 268 pence per pound, having doubled in price from 181 pence 12 months before.

It rose to a peak of 355d. just before Easter and then crashed, reaching the year's low at 128 pence September. It opens now at 156d.

Confidence In Oil Industry

Washington Jan. 2. The US oil industry expects to take 1952 in iride. berring meet all de- all-out war, and munds, both military and civi- Tian, for its products.

in

HONGKONG

SHARE MARKET

(From Our Correspondent}

Burne's dene on the Stock Exchange this morning valued at $647,883.60. Noon rates

was

While cross - breds are less and the morning's transactions.

violent in their rises and falls SHARES BUYERS SELLERS SALES the wool

tops market moved BANKS pretty much together.

Following are the prices, in pence, at the beginning of 1952 with the price at the corres- ponding period 游 1951 in brackets:-

70's "A" 170d (278d); 64's "A" 158d (2883); 04's "B" 151d (2693);} 60's Super 135d (2424); 58's į Super 1124 (2204); 50'; 53: (1610): 48's 810 (159d); and 48's 80d (1594).

Washington that

Meanwhile, it was learned in a decision by I looks for these demands to Office of Price Stabilisation en whether to roll bark United , but a Latsers like-

States

wool is ciling prices of ad of peleol racing-anders expected shortly, possibly within the New Year should bring

the next few days. total war or

some other einer-

Duy

Stabiliser

The Price These are the views of indus- Michael Disalle, s by spokesmen hère,

Mr eported

of Democratic Senator.

was prepared to issue the roll- An increase in drilling opera- back order several weeks ago but tmas with completion of more postponed the decision at the re- new wells than were brought in quest

st year, scems probable if the Joseph O'Mahoney. from the necessary steel is avaliable. sheep raising state of Wyoming.

MT Russel

General: Brown. Counsel of the Independenİ Petroleum Association

WORLD FACTORS

Mr O'Mahoney, who returned

any exces in aterest over eight nimo, luid a repo.ter that by to Washington from Europe early

-1952 the industry should be getting more steel as new plants begin producing

Crazemos

per vent enne under the cute Bory of "foreign capital,"

yers, 950,000,000 19,000,000) Fabout were Blegally remitted, Presi den! Vargas said, and Foreigs capita registered in Brazil was

wheng and scandaloudy

per rent.

A graphic illustration of Israeli's economic legal to the tutte of about 200 situation is contained in a year-end analysis of United States - Israel trade figures compiled by the Department of Commerce.

Although avilable statistics cover only the first nine months of 1951 they disclose a staggering Israeli trade deficit which is not likely to show any improvement when the full figures are tabulated.

DEAL BY

U.S. & JAP COMPANIES

St Paul, Jan. 2. An agreement supplym. Japan with American now-h

munufze in storage battery turing was reached here today

ان

Inc

Israel's increasing dependence food on the United States for was complicated by a bar crop. During the first nine months imports of food totalled $13,842,- 627

$6,910,625 compared with

for the same period of 1950

The biggest single food item,

4 3.737,010 businch of whent, Vale at $8.047.244.

f

Israel indusaal development led to decline an importa metals and mabulaeitures. Such imports Trom the United States totalled $10,614,998. compared with $15,219.243 in the period of 1950

Albert H. Daggell, president Batteries, Goult-Nationel

Arn:

zine

Israel imported $9,247,354 worth of iron and steri mail pro- announced that his

ducts from the United States in Furukawa supply agreed to

the first nine months, 4,982,045 Battery Company of Yokoham worth of

electrical equipment, with technical knowledge and

1 $25.840,635 worth of Chi- Engineering experience in

chinery and vehicles. fndustrial and

mamcture

car storage batteries.

said Docket

121

Gould-

The

BRIGHT SPOT

The Government has indiealed that its goal for drilling is about 44,600 wells during the year. Mr Blown said.

"We have the places to drill the wells if we can get the steel; uns other materials needed," he said.

This ENITSA

Actus Oil uporale's must not only "free captai was equal to meet increasing demand in 1952. about 1155800,000,000. President be continued, but they must Vargos son that was much more tint means of providing on extra Then what Brazil meds for her serve of petroleum for emer full programmine ful economic, gy demand and military recovery, estated at US$500.-

Leru, ity. --Associated Prese 000,000

A new decree would be issued within a few days to rectify the present

regulations, President Slow

Vargas added The Presiden: L doy kared: Those who thought! that the Brealian people sought, Fl

ne back out and put power to

for sardines are much

For L very harpor sharks."-Reuter

נו

us

Grain Prices

In Chicago

Chicago, Jan 2. Prices of grain future closed tolay as follows:--

Whiz-price per bushel

Day In Wall St.

New York, Jan. 2 If 1952 is to be another boom year there was little excitement about it in Wall Street today in the first stock market of the New Year

Trading was at a slow pace and prices. moved only a few cents a share.

This was in sharp contrast to the session of Jan. 2, 1951, when 3,030,000 shares changed hands at sharply higher prices

But a year ago was different

in at least two ways-there was strike threatening and no steel 2.67 nonical there were no Korean truce talks

in progress-Associated Press.

2.5819-2% 2544 2.401.

2471-

Japanese Bonds

Sput March May

Dia-

July

September

Burn

Spot

197-nominal

March

May

1.8912-

Japanese bonds

De-

July September

Bye Decentes

1.885-

1.85

207

93-23 915-

"A" (4s. of 1898) "B" (45.

of 1910) "C" (58. of 1907) "D" 15s. of 1934) (5s. of 1934) Consels

Mt

export of what the National will receive cash and apartment of Commerce described Furus "relief and charity goods" in proprietary interest kawa Battery in exchange for the Arst nine months of 1950 the services.

Bssistant

Horoshi Tagawa, chief engineer of Furukawa, now country studying is in this. American methods.

Gould-National and

19

operate

totaled $11,895,525.

The United States exported to Israel in 1950 a total of $88,174,- 482 worth of goods and import- ed from Israel a total of $5,359,- 848 worth

the Are! nine

sub- torage months.

sidiaries battery fretories in the United

Canada States

and

and

constructing three others.

are

"This is the first time that our

Ho

added

"the

the

The brightest spot Israel export picture was the in- crease in the diamond business. January-Septem- During the

Company has interested itself in ber period, Israel shipped 81,245 the storage bottery busines: in carats of cut but unset diamonds Japan," Mr Daggett said,

to the United States, worth $7,- Furukawa 180,225, compared with a sale of Company is a division of the 60,808 carats, valued at $4,726,- Furukawa Electric Co., Ltd., of 946, the previous year. Tokyo, one of the larger manu- During 1950, Israel sold 86,252 facturing companies in Japan carats of diamonds, valued at which capitalised at 600,000-$6,840,496. to the United States. 000 yen (US$1,188,866), employs United Press. 7,500 and has a monthly output at 500,000,000

Associated

valued

(US$1,388,888).

Press

RICE

CROPS

March Data December March

New York Apur -per 200 lb. Sack. $12.50 United Press.

last month, has spent the past few weeks in conferences with various governmental officials and wool experts and

has re- peatedly urged Mr Disalle not alter the present wool ceilings since the price of wool is govern- ed to a large

the degree by world market.

to

The Office of Price Stabiliza- tion. has no power to control the price of foreign wool, Senator O'Mahoney declared, and, added, "Both the supply and price of this international commodity are dependent upon factors in the word's market beyond ou con- trol."

HK Bank East Asia INSURANCES

Canton Union Underwater KK Fire SHIPPING

Asia Nas

DOCKS, ETC.

K. Wharf

N. Pt Whart

Dock

Provident Wheelock

LAND. ENC.

HK Hotel

EX Land S'hat Land

Humphreys

UTDITES

Treme

1629 1035 80 1625

133

235 250 800

10

400

A.30

143 160

124 100 10

103 104 GOO G 143

4.70

17 174

13%

384

500 38

9.80 8.95 500 5.90

8 200 585

115000 1415

17 17.20 300 @ 14.80

2500 4 11

➤ Tram 10; 231⁄2

Star Perry

C. Light

10) XD

6.80 1.95

Light

*N) D Electrle

8.15 6.25

500 $7,10

23 60 23.00 23% 1500

123.8 A. (Bus) 21 80 22 10 4100 22 814 22 143%

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