1952-01-15 — Page 9

MARITIMES

MESSAGERIES

M

riving Leaving

"ZELIDJA"

LA MARSEILLAISE"

"BASTLA

PEMORIAL N”

A“ ZELADJA"

13

Ib 21

M

Outward for

Saigon

Burneward For

Marseilles via Manila

A Baigon

THE CHINA MAIL, TUESDAY, JANUARY 15, 1952.

To Negotiate Trade Pacts

Tokyo, Jau, 14 Japar will start nega fiations this month with Eye Communwealth couB- tries for the conclusion of trade

a reements,

parts sald today.

Unise

"

Jan 26

ነ

fatı,

nh

Jan

28

N

Africa & Entope

DE

1

Mar

1 M

africa & Forupe

Mar 23

da Mar

Afric ↑

A

Eupe

page: & freight

freight for Saiga. Port Said, Tunis, Algiers, Oran Tarvier. Casablanın. Havre, Dunkirk, Antwerp & Rotterdam.

To Change 15 Notier

CIE DES MESSAGERIES MARITIMES PO Box 53. Hongkong

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

MAERSK

LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

MS.

CRETE MAFESK"

M.S.

"OLGA MAERSK"

M.

"JEPPESEN MAERSK

ARRIVALS FROM U.S.A.

t

M.S.

EPPESEN MAERSK

M.S. HULDA MAERSK”

M.S.

TREIN MAERSK"

אז

.P0115

Kingdom

Press

Kaid

the

latin

ten ze befezned the Government In 3 recent rites that the Valted King-

Japan dem is in famour of Sorting

ergotiations. The Jajaurie Goveri. beck making

preparations for such talks and intends to open rego- Untions with ludia, Pakia. Ian. Ceylon South Africa and Australia this month. The report said. Enited Presa.

HONGKONG

SHARE MARKET

From Our Correspondent)

Th

1.11 the

' 1 הר

Naut

Expert's Verdict On

The World's Steadiest

Currencies

East German Mark, Peso

And Red China Dollar

New York, Jan. 14.

A study released here by Mr Franz Pick, publisher of Pick's World Currency Report and a top authority on currency black markets, indicated that the Communist East German mark, the Chinese Communist jenminpiao and the Philip pines peso were the steadiest monies in relation to the US. dollar in 1951.

The Nationalist Chinese yuan and the Argen- tine peso were the least steady, he added.

Mr Pick's conclusions nached on the basis of lutions of currencies from

in or black market world's main money irading theres.

were

Auc-

of

the

the

VOILE $412,390 the qution- 146279 Deraing Paris 111.

SHARES BUYERS SELLERS SALES

*KI

7211

His curvey revealed that the improved 17 Philippine peso

relation to the

ur last year, the Communist Curse doller 18

per cent the Eastern German

and

mark 27

Na- The Chinese cent nalist yuan los. 149 per cent and the

Argentine 1050 de.

Minister

Ridicules

Rumours

Malayan Tin For Steel

Rovar

*TIIBADAI '"HÓISBEKAIN"

"VAN HEUTSZ" "TJIWANGE"...

Page

VTEROCEAN

LANES

Jan. 17th Jan. 2014 Jan, Ilah

"TJÍTJALËNGKA”......... Feb/ SEW

"TASMAN "TJIWANG

"TASMAN "TJILUWAR"

**TJRÓDÁS?

Feb.

13th

* HO

Feb.

"TJIBADANE” "TILUWAH","

Feb. 22th 24th

Mnr. th

Sear. 15th

"BOIBHEVAIN"

Sar 24th

Mar

Zkth Mar. 31st

Apr. 45th

ANGLO-AMERICAN "VAN HEUTZ”

DEAL REPORTED

Washington, Jan. 14. Reliable sources here said today that an Anglo-U.S. raw materials agreement to be announced later this week will provide for the shipment of 1,000,000 fons of steel to Britain in return for 20,000 tons of Malayan tin at $1.18 per tón In Singa- pore and some additional aluminium from Canada.

צווto

The sources said the agree- ment covers only 1952.

The 1,000,000 tons of steel for Britain includes the 100,000 already arranged for in

negotiated the recently change of steel for aluminium.

But it is in addition to steel scrap and pig-iron for which ¡Briain has already contracted throug regular commercial channels.

THIWANGI

"TJILUWAR"

*STRAAT "TWANG

MAKASSAR"

“TJUVAD

"TEGELBERG"

**FJIWANGI"

"IPANAU" "TJIJALENGKA“

HUWAR

"TASMAN"

"VAN BEUTRZ"

Apr. 19th

Apr. 201

May

May 17th

Japan Port

Singapore, Penang & Belawan Deli Rinerpore.

Djakarta, Komaradki.

Surabbia Macassar

Singaporn, Mauritius, E., Africa,&-

$ America.

Japan Ports

Singapore,

Jakarta,

Surabala & Macask

Semarang,

Pikkarta," Bemarang, Karabala

Bingapore, Beong & Delawan keli Kingapore,

Diskarta,

Remitrang

nurabala & Macassar Me, Sagapore, Mauricius, E. & R.

Alrick & 8. Amertea

BRENATURA,

'jakasta,

Nurabata & Macassar Manila, Singapore. Mauritius, E&B.

Alica 8, America Singapore, Pening & Belawan Vell Singapore. Djakarta. Semarang.

Surabala & Manastar Singapore,

Djakarta. Semarang. Surabaja & Macassar

Manilla, Singerove, Mauritius, E. & 8.

Africa . Ameries Singapore, Djakarta, Semarang.

Surabata & "Machetar Amyzpore. Diakarte,

kurabala & Macassar Manila,

Semarang,

pore, Mauritius, £, &

5. Africa & 8. America

From

ARRIVALS

Atacassar.

Surabaia, Semarang. Jakarta Singapore 8. America, Africa, Singapore

Manila

&

Jan. 19th

Jan

23:0

Feb. *eb. Feb. 10th

Japan

8th

Feb. 25th

Perang. Belawan Deti & Singapara Macassar Surabala, Semarang.

Bjakarta & Singapore Penang. Belawan fiell

General Agents,

HOLLAND EAST ASIA LINE

Aingapore

Ex-

BAILINGS TO EUROPE

**AAGTEKERKTM

JAD.

15th

"OVERIJAEL"

Feb.

"HOOGKENK"

"ARENDSKERK"

Apr.

Ith

SAILINGS FROM KUROPE

Batiz Rotterdam

Arrives Hongkong

HOOGKERK"

-Feb.

4th

"ARENDSKERK"

JAD.

50th

Mar.

$30

"KIELDER.CHT"

DRY.

5th

Apri

10th

"AAGTEKERK"

Apr.

2nd

May

Beh

KINGS BEDDING,

CORSEME

It was not known how much the aluminium additional

would obtain under the agree

Tokyo, Jan. 14. The International Trade and Industry Minister, My Ryutaru German Takahashit. today dismissed

without foundation by M: completely

"dolla a mimau here that Japan wil ment. to une U.S.

with

63 face an economic crisis

HANKS

HK Bak

4075

Eas! Amit

10 150

INSURAN küte

200

76

60 35

Jan. Fe

SHIPPING

Ang Nav

| 25

"

died 70 per veut

ARKS ET:

The

Communist

Feb. 1:5

K

H

102

N 24 Mal

7

mark was

evaluated

Duth

12

Pick at 21

20 B 1 40

in 1951 as compared

39

200... $9

219,

40 5 at tooN 535

of the Berlin

132 52

The Casters

··

has IzO

Provade i

hit Di

Wheelags

Port

Jan. 16 Feb. 14

LAND. M

ith late

For Freight and Further Particulars pha,e spply fat

AGENTE:

JEBSEN & CO.

Pedder Building

Tel: Nos. 36066-9.

Improvement In Economic State Of Indo-China

Saigon, Jan. 14.

A general improvement of the economic situa- tion in Indo-China took place in the course of 1951. Saigon-Looninh railway traffic went up from 1,441,000 kilometric tuns in 1950 to 6.683.000 during the first 10 months of 1951. Railway income also increased from 1,626,000 piastres in 1950 to 5,500,000 piastres during the first 10 months of 1951.

A still

crease

Wis

HK J

Hangzhoury- UTILITIES

Tron

Star Pe

C Lighi

* : KT

الماناتة

13 1750 2 Li

070 30 8 7

1.6 15 23

INT Light Flectric

Elra

Teleplizie INDUSTRIALS

C'est STORES, ETC

DAL: V

Watson

700 v 23

Bonus 21'.

200 25 200.. 21", 700 2

17 GOU16 S

200 1920

2

27

100) 27

400

35

J

1. Crawford COTTONS

ED

Foreign Exchanges

In NY

Canada England legal

anofficial

New York. Jan 14.

USALINA

18-28 234 bid

147 k 278 30-day tulusek

271 90-day futures

Austaba New Zealand Souch AfoeS

Berk

more important in- American supply cannot cope demand. the

he with

mercasing reported on

weaving railway

mills and line. Spinning Saigon-Ninhh Dá

Vietnam, 42,615,000 factories in Northern which went up to

cotton consumers. Norway as well kilon: viens against 31,560,-

Co'lon

Portugal now have to purchase 000 in the course of the first 19

the from

since Pakistan in nth of the preceding year.

has turned market Egyptian The une applies to "Central

01 becuuse

the Vietnam, where railway traffic topsy-turvy

kilometric British-Egyptian conflict. reached 13,000,000

during *against 5.060.000 1ons

Pakistan cotton must be paid the same period in 1950.

in Pounds Sterling and this A

a slight advantage on comparative study of in-

would be 100 11

per

from shows also comes

Lokton purchasing In Cambodia the United States if the price were cent increase.

not 25 per cent higher same upward tread was

for

2,22

278'

1955

2926-9 16

when I 1948.

separate curren

in the ries were established Ailie and Communist zones in lifting Germany following the

Incoretically

February.

as

United States from Canada

But i was reported that sup- ments of Malayan tin during of 1952 would On the remainder Speaking at a Press ference, Mr Takahashi observed amount to 20,000 wos at a eun-

"February that the

This price was economic tractual price. blockade.

crisis" rumour was based on expected to be about $1.18 per mark German

bankruptcy of ton in Singapore, officialbe successive

Arms Bince เกษม

The tin is being bought at a price over a period value rompared with the dbusiness

1952. -- during monetary line expected shortage arising from excess Press,

of Governmeni absorption funds over its payments during

he Jonusry-March period.

Minister Takahashi gave the following reasons for his dis

but the value was arrived autumn, a dull domestic market fixed

to and

18

at through its relationship the Western mark, which officially pegged at 4.20 to one at dollar and 's quoted US $3 on the free markets

FOUR TO ONE

17

missal of the rumour:

About four Eastern marks

1.Export of textile goods, are needed to buy one Western the dullness of which has caused mark on the

market, the insolvency of black

many trade while 11 were required

frms, has abnos recovered to 1948

the previous peak.

The export

In

Mr Pick said the value of the of from and steel has been Eastern mark increased, despite quadrupted. Unless the present its unloading by the East Ger- world trend for armament ex- mans. mainly because East Wo Germany is now producing and pension

Ning a large amount of food- stuffs to Western Germany

of

United

TEXTILE IMPORTS

that

New York, Jan. 14 American imports of British cotton textiles last year dropped to the lowest point in 15 years, trade sources reported. They gave wo reasons: higher pricta and large inventaries.

since Importers said

British fine-combed October, cottons have advanced 10 to 12 1

in per cent, retiecting the re the price of Egyptian cotton from which they are made.

American buyers are placing prices.

should change, the!

export situation is few favourable expected to continue.

2-Stockpiles of unsold goods such as rubber, hides and skin. and oils and fats have been steadily receding.

3. Generation of power and production of coal the better than expected.

The Chinese Communist dol- iar, which was officially rated at 22,890 to one US. dollar, is How pegged at 38,500 on the Shanghai black market.

The Peking currency Tiroved

1951 in

despite Bourishing black

U.S.

market

im

have been

This dise

in missed previous apprehensions

dollars which Communist that a power and coal shortage officials are reported to be buy- would reduce industrial pro- ing up a hedge against laduction.-France-Presse. fation

The Philippine

stariis peso

officially at 2.39 to the dollar, Most

xcluding 17 per cent dux on

peso transactions, and at

on the black market.

The currency received

2.01

of the of

The Taipeh yuan plunged to

from

the

the fticial rate of 10.25, and Argentine pes, is now valued

Most Urgent

Requirement

Canberra, Jan. 14. Australia must increase her farm production if she

wants enough money to buy essential

Mr

McEwen, John Federal Minister of Commerce and Agriculture, said tonight,

PENINSULAR

TEALPHONES. 28015 (1) 280117

OQUIS NOS

SEPARABI

308

1

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

new orders tor British

of the goods because would always be able to use a However, the American market considerable quantity of British cottons if prices were reason- ! SAILS: able. Associated Press.

Grain Prices Depressed

Chicago, Jan. 14.

The absence of export demand,

plus

comm.ission house selling.

depressed grain futures today.

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 18th January at 5.00 p.m. for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE, BY NOON on THURSDAY, the 17th January, 1952.

Wheat futures closed 1 to 11⁄2 SPECIAL NOTE: With the exception of hand packages

lower and soybeans were 6 to lower. Prices of grain futures! closed as follows:

WHEAT-price per bushel

2.50% retinal

198 nomina)

Derk Franc

West Germany Huli nd Italy

4 20

2015

11004

boost partly

because

141,

0370

officially

authorised sales

Spaln

4255

gold on the free market.

Sweden

0038

Switzerland

2291

MIDDLE EAST

26.75 to the dollar

Spoi

Egypt Trao

2.BL

32LD

Iraq

2,81

Turkey LATIN AMERICA

5375

the

Argentina

0703

and

the

the quality sometimes not quite satisfactory.

The

of price

on the has in- Saigon-Cholon market creased by 30 per cent as far as first quality rice is concerned.

lowest price

90 The

in 100 kilograms piastres per January 1951 and the top price

rice

Uruguay

Brazil Bolivia Chile Columbia Cubu Mexico Peru

Venezuela

0500

in the black market at 28.00 imports, the dollar compared with the official value of 14.30.-United Press

The

0150

4029

1.50

country's most urgent require- ments,

expansion of agricultural production was now one of the:

Manch May July

September

CORN

2.574

2.5416-1

2.474

2.403,

Spot

March

1.08-1,88%

May

July

1.8032

1155

September

RYE

1.85

0500

December

2121

4200

"in

March

2,00%

2005

OATS

FAR EAST

December

921-34

India

2000

March

017-92

was

Pakistan

Hongkong

Indonesia Singapore

3044

Japan

360 yen to USSI

-United Presa.

This

ported. although not as spec- tucular.

in

a

For the time being Indo-China is short of cement and

market black

this rom modity has been flourishing in chics where building schemes under way were suspended.

The shortage of cement was caused by the successful Franco- was 275 prestres per 100 kilo- Vjetnamese operations in the grams in November 1961. northern areas of Vietnam and price increase reflects the worki the capture of Honbinh, neces- wide trend in 1951 as far as food-

stuffs were concerned. sitating the building up of new fortified strongholds within very short time. All stocks of available in Northern cement Vietnam were requisitioned and used up by military engineers.

FROM JAPAN

critical In order to face this

was situation, French Imported. A thousand tons cement was imported also from Japan and another 10,000 tons of cament is expected this month from the same source.

cement

of

A

The

1952 ort rate of rice

export

increased. from Thailand sirailar increase applied to the Vietnam and rice price Cambodia where the export of rice was raised to 299,015 tor In the Arst 10 months of 1951 against 194,525 tons in 1950.

CROP FORECAST

a

ال الكمية المان

1760

Taipei-Pusan

Air Route

Taipei, Jan. 14.

علم

The Rubber

Markets

London, Jan. 14. Prices of rubber futures closed today as follows:- Number 1 rubber,

In cents per th

Foruary

March

April/June

July/September

October/Deember

4015-41

4012-41

-404-

3372-39 3215-4

3034-4014

United PTOFA.

SINGAPORE MARKET

Prices of

Singapore, Jan. 14.

rubber futures closed today as follows:- Number 1 rubber,

per 1b. January February Morch Number 2

Saying that Australia's popu- Intion was likely to be 11,000,-

he added: 000 by 1960, these circumstances it is alarm- ing to know our wheat acreage has been falling steadily

alid that there are signs of another fall this year.”

in

population (Australia's 1951 was recently estimated ai about 8,500,000).

Mr Stanley Roy Craven, Government Statistician,

sald

today that the land under crops in Australia had decreased by

15 per cent since before World War 11-Reuter,

New York flour-pex 200 lb. Sack. $12.00-United Press.

Propaganda

Failure

EMBARKATION:

carried by passengers themselves, ALL BAGGAGE must pass, through the Wharf Co.'s Godown for loading. on, board by ship's slings only:

Will take place on Friday, the 18th 2.30.... p.ñí.......... and January between. 4.00 p.m.

Sharp Fall In NY

Cotton Pip

Price

1977

New York, Jan. 14.

Cotton futures declined tharp-

American

Iron Ore For Japan

Son Francisco, Jan. 14. Japanese indietry has cont

ly today in moderately active tracted for 230,000 tons of dealings with increased liquida- Nevada tron ore, it was dis- tion and hedge selling, The closed here yesterday by Tsuneji Bombay, Jan. 14. Russia's intensive trade pro-market closed 37 points to 42 Takikawa, Managing Director paganda campaign in connection

Drug Plant brought her no orders for goods, raw cotton in the United States this port

2 rubber,

14094-15 13034-140

1301-130%

For P.I.

Manila, Jan. 14.

January Number 4 rubber,

January

Spot rubber, unbited Black crepe No 1 pale dropë.

A direct airline service between Taipe! and Pusan la exported to open soon after the signing, of good the

provisional Experts foreshadow

accord

January between Free Chine and the Crop for the three Associated States of Indo-China. Reach-Republic of South Koren in Number 3 rubb

in 1951-62 Taipei, Ing 2,214,000 tons The output of cement is con-

tons

the provisional Signing of the 6,749,900 stantly increasing in Northern (against Vietnam and 10,000 tons were before World War II) according agreement will take place in a

the few estimate,

days. The signing care- produced in Northern Vietnam to the experts'

would

monies were originally scheduled in 1951 against 13,000 tons next Vienam rice crap plants In 1950.

leave over 167,200 tons of first for tomorrow but were put off at

rice for export and the last minito.

A Exports expect the output to quality

The Nationalist regime was to the pre-war 62,500 tons of broken rice and go back shortly

to. be reported to

Claire 25,000-ton figure in spite of the four. insecurity which still prevails li

exportable Chantales Civil Air Trans

part as authorised agent for the plta are being worked. margin of 180,000 tons of ride Chinese in carrying out the Such # #criticn altuntion has broken rice and flour,

Loas, however, will have to nedord United Press,

And

In Cambodia the new, crop appointing Mata ng

the Inland where the main lime should leave

stone

of course, badly

humpered

an

cement export for quite a while Import between 20,000

The 1881 cement export figure 25,000 tons of rice to most her was only 11,000 tons against the own needs and is likely to have 17,100 tons exported in 1900 to purchase price from Thailand

On the Hongking Morkel,

which prefers Vietnam cetómat

quality, priced have ankle

increased; omn

the cluichann,

whole ot

18236-13355

1294

140-14014

100534-207 137-102 -United Press.

LONDON TIN MARKET

Prices

and easi

Exchange Rate

with the current International polnis lower. It is privately of Miyaka Shoji Katiha, Tokyo. has estimated that consumption of The ore will be moved through sofaz Fair Russian Ambassador K V. will run around 9,000,000 balea Novikov confirmed the lack of 10- orders at a Press conference

for the current season The Mr. Takikawa sald the lot Export of ding.col.on for the contracted for is only a token

season through the amount and that his Arm tha "He repeated Russian offdiz to, turrent supply capital goods to India middle of the past week was eventually take 2,000,000 10 An official of E. B, Squibb and said, the Soviets would take abou: 50 per cent larger than annually.

anything soft that in the same period of last and Sons, international phar-In exchange

Hard currency

senson, according to the New maceutical company, has arrived currency. here to inspect plans and con- gold."

Rusia and her sateliter and York Coton Exchange, struction of a half million dol-

Communist, China are displaying tur drug plant.

Dan 3 Lee, Jr., assistant extensive exhibits at the fair.

Their rez

representatives also have treasurer of the firm, will be here for about a month. Plans carried on huge prop

or

o the pan, have been com- drives in the past wee

kating dolly Play Peonferency and

pro lavish Cotarting

Associated Prest

Its Business in the gramme reguler Philippines, Mr. Loe said tollh

In the country's economic future was one of the

Centro may have como des

New York Pepper

Bitick pepper prices dedinea

Prices closed

The ore comes from û recently discovered deposit. in Nott „Novuda. A test load

and wax.:

¡for, steel-making.

the poem being purchased for F

મ