1952-01-18 — Page 9

THE CHINA MAIL, FRIDAY, JANUARY 18, 1952.

MARITIMES

Jap Exports Set Record

MESSAGERIES

M

Arriving Leaving

"ZELIDJA"

Feb 15

Feb. 28

LA MARSEILLAISE" JA

Jiz

20

M

Outward Por

Satzen

Homeward For

Marseilles via Muolla

Halgan

BASTIA"

Jun

20

Jun

31

N

"MORTAIN"

Mar

]

4 Mar

N

Atria & Euroje

Afdes & Europe

¡"ZELIDJA"

Mar 23 MBT. 26

N

Africa

12

Europe

*

passengers & freight

+

freight for Saigon. Purt Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Subject To Change

Without Notice

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Buikling (gr. floor) Tel. 26661 (3 lines).

Wonder Chemical Said To Halt Erosion Of

Soil

London, Jan. 17.

The Colonial Office today expressed great in- tor 1 in the announcement from America that a new wonder chemical had been developed which, it is claimed. will revolutionise agriculture by con- verting dead or unproductive soil into productive land within hours and halt erosion.

it in "We would welcome an opportunity to test Afries and other oversas territories," a Colonial Office spokesman stateri

NEW YORK

FOREIGN EXCHANGE

Na York Jan 17. Yew gak hangerleg a jem

WI

Canida

at

..

11

1.

US$6.99 7/16

278-3/16

2:35 Ind

730 sked 277

Yes

Patuces

2 75

K

་ ་

2.2

AUNT

Soule M. p Belg Janin Fre West Cine dan Dat the

1: ך

2783

DIA'.

1455

221-2

11ltar.

ga.hie

4.200

2039

Italy

• *> ** *

11062

NewY CENON

1405

Proceseud s

037)

Spału (pesetzu

+12's

Sw 201 ken

1935

Switzerland

2201

MIDDLE EAST

Egypt indi

2.88

Iru trial

03123

2 A1

Turkey

5375

LATIN AMERICA

Argentine Meal

0705

Baazel seruzend

(15(K

tale fro

0150

Standar PENDE

4025

Cabe Dan

100

Mayonet

1153

0500

Like onse

FAR EAST VariUDREY

4200

tantivari

2006

2000

2030

.1750

.3040

3395

Pere

נויך ו! אני

Sing, bure Japan

Mili ven to 11651 -United Press

Ready To Buy

Cotton?

Cairo, Jun. 17. Raven and Communist China are ready to buy all available Egyptian cotler, the newspaper In a Al Ahram reported today despatch from Moscow.

rorres-

The paper's Moscow pendent reparted that com- mercial

Egypt talks between

and Russia would shortly icad

to a considerablu

development

of trade between the two coun-

tries. Tede negotiations began

last November-France-Presse.

Bank Of England Statement

"We love for years bern Lip - rag be deserves methods to cuf down sal erosion, bad we have

unsite ful

الحلقة :

De medis, though, would be - teuluble this method reatly proved sucresall."

The

substance TIMAT syntbele sed conditiones

first and trade-named Krilium, is not a hellser.

Osaka, Jan. 17.

Japanese cotton cloth exports hi their highes monthly post-war peak in December when 133,765,000 Furdy were shipped, the Japan Colton Spinners As- sociation reported to-day. The

previous high was 130.000.000 yards in May,

Colton cloth exports for 1951 Lotalled 1,092,000- 000

Fards, one per cent less than 1950.

Cotton exports for 1851 totalled 20,813,000 pounds. Д 3,086,000-lb. increase 1950. -Associated

over PrEAR.

Acceptance

Speculators Finding Shipping Shares Attractive Purchase

An

Liverpool, Jan. 17.

Page

ROYAL INTEROCEAN LINES

TIPANAS" "VAN HEUTSZ". "TJIWANGI

"TJITJALENGKA”

***TASMAN

"THLUWAN"

"TIBODAS"

-TJISADANK" THPONDOK“

"TABMAN"

TANGI

ADAN

SAILINGS

Jan. 29th

Jan. 2811

Jan. 31

Japan

To

Slogapore, Pepads & Helawan Dalı Singapore. Djakarta. Semarang,

Súrabala & Macassar

singspare, Manvilhas, Dar-es-Salam. Zanzibar, 8. Africa & 8. America Japan Ports Singapore.

Djakarta,

Semarang,

Sorabala & Machar Jakarta. Semarang. Surabala &

Macassar

kapatı

jakaṛka. Tirchon, Semegang, Sara-

balanenská)

Singapore, Penang & Belawan Dell slugapore, Djakarta, Semarang,

Frb Hth

Feb. 9th

ch

1300

Tel. 141

Feb. 15th 27th

Feb. 27th Feb. 20th

Mor 5th

Burmese JILUWAH”

8. America

Mar.

1540

Mar.

IRCL

"BOISSEVAIN"

"VAN BRUTAZ" "THWANGE

Mar 24

Mar 241 Mar

OTJIRODAS"

Apr. 17451

The past year closed with a flurry of excitement in shipping shares that was largely of a speculative character. It originated in purchase offers such as that made by Elder Dempster for British and Steam Navigation-at prices far above those ruling on the Stock Ex-TUKAMPEK" change.

Owing to the inflated cost of tonnage and the length of time taken in the building of a ship, com- panies short of carrying capacity are finding it worth their while to pay high prices for the

Of Russian capital of other shipping concerns, says the

Invitation

JAP ECONOMISTS FOR MOSCOW

Tokyo, Jan. 17. A group of Japanese political and economic leaders decided today accept an invitation from Soylet Russia to attend a world economic conference in Moscow next April

<

Loft!

Journal of Commerce.

They thereby obtain immediate possession of ton- nage on which they can, in present favourable freight market conditions, earn good profits. These purchase offers have had the effect of attracting speculators to the market in tramp shipping equities where the calculators of "break-up" values have been active.

Shipbuilding shares

So

HONGKONG

SHARE MARKET

(From Our Correspondent)

ол

The volume of business done the Stock Exchange this morning was valued at $705,035. Noon quotations and the morn ing's transactions:-

to SHARES BUYERS HELLERS SALES

heavy tax

000 BANKS

"TILUWAГ

"STRAAT

MAKASSAR"

"TASMAN”

TIWANGI"

"TJILUWAB"

"TJIWANGI”

"TJIFANAS"

Apr. 1300

Apr. 19th

Apr 25th Apr 30th

May 15th

Surahala & Macassar Singapore, Mharkles, R. Africa

&

Singapore. Bjakarta, Heinerang,

sarabats & Macassar Djakarta, Threbon, Semarang, Sura-

bala & Macastár

Makia, Slogaŋore, Mauritius, E. & 8.

Allen & &. America

singapore. Penang & Belawan Dol singapore. Jakarta, Xemrank.

Surabala & Makassar Djakarta, Tirchön, Semarang, Sura-

bala & Macrossar

Semarang,

Singapore. Djakarta,

Surabala & Macassar

Mania Singapore, Mauritātes, R. & G.

Africa 8. America

Singapore, Perang & Belawan Dell Singapore, Bjakarta. Semarang.

Surabain & Macasset singapore, bjakarta, Semarang,

Surabata & Macabar

From

ARRIVALS

"VAN BRUTSZ”

fan, 19th

Jun. Zh

Feb. 5th Feb. Sch Feb. 10th

Feb. 25th

MacHEET. Sutabato,

Japat

*TJTDJALENGKA" "TASMAN" "THLUWAH

Semarang,

Djaknsta & Singapore

Amerten, Africa, Singapore & Manila

Penang, Belawan Dell & Singapore Macassar, Surabals, Semarang.

Djakarta & Singapore Penang. Belawan Dell & Bingapore

General Agents.

HOLLAND EAST ASIA LINE

1580 1800

03 2 1585

Canton Union Underwriters SHIPPING

657 245

780 800 4.05 5.05

Asta Nay

1.30

SAILINGS TO EUROPE

DOCKS ETC.

K. Whari

101

"OVERIJĢEL"

Feb.

7th

"HOOGKĚRK"

Mar.

7th

NP Wha 5.80

7

"ARENDSKERK"

Apr

7th

Duck

176

"KIÉS.DRECHT"

May

1th

Provident

S'hai Dock

Wheelock

1340 2,60 4014

2000 33

Sallx

1100 @ 30

SAILINGS FROM EUROPE

fiotterdam

2100 39

Arrives Hongkong

1100 40

100 40 700 30 4015 1500 405

"HOOGKERK"

Sailed Jan. 30

Feb.

4th

"ARENDSKERK"

fap. 30th

Mar

"KIELDRECHT"

Star.

5th

Apr.

10th

“AAGTEKERK"

APT

2nd

May

5th

"OVERIJSEL"

May

and

June

Th

5.80 8.00 54%

1.40

Tram

Peak Tran

(N)

34 14% 1000 @ 14%

17.80 1724 700 17.30 1200 17.40

KING'S BUILDING.

CHINESE

SA CONNAU1⁄2-237

113

118

LAND, ETC.

HK Hotel HK Land

a Land Humphreys. UTILITIES

C. Light (0) 8.75 8.80 2500 m C. Light (N) 0 Electric

also the all-round strength of freight price markets last year closed the year at firm

Gross profits of before levels

tax following reports

and depreciation books large order

and pro-have jumped by £338,175 tomised continuity of work for a £600,140. A very

long period ahead. Mr J R. charge absorb; £545,000 IIK Bank Gebbie, president of the Ship- which is more than four times INSURANCES

that an- the 1850 figur nference, has

the building

that dividend is merely thai,

maintained nounced figures showing of the close of 195#, G.K. ship-jat 7 per cent less tax. But.. builders had more than

1,100 by way of consolation,

share Ke Bo, Japanese €2000-

on their thips

order books holders are to receive an addi- formac nish and

Conservative Regaling 6,500 300 produto tax) from realised

stimat lons.

5 per cent. not subject member of the House of Cor: At the current ale of produc

capital 110 Al enlus.

Kyodo

News

tion this lonnage is equivalent profits. Agency Fil 12 13 Japanese to over four you:

Th

The work

dividend austerity wetht go to Moscow for the

complemons will, of large trading concerns, such as conference Nate Japanese are

depend upan the Tube Investiments, and Turner known to have received invita-

volume and regularity of the and Newall, is vexing the City, tions.

the yards Hulders : risk capital are, supply of steel to

der the new allocation plan, course, as much entitled to Mr Roush saud the Japanese

rightful share of

increased on Soviet In this respect the builders, be 1:0 to Russia

cause of the great strategic and profits and to monetary offset travel exprises slups so their

value of shipbuilding, agains a rising export

cost-of-living well not be much of a drain eni

are entitled to hope for favour as are workers, managements Japan's foreign exchange

It is under- and executives. Foreign Ministry sourers able treatment,

RIG ORDER BOOK

standable that when the leave said passporte can be re-

of Turner The end-1951 order book ofdinary stockholders fuser to persons either on the

Star Ferry and Newall, by way of exam- of financial reasons

“આવું આ or UK. yards DARIE

value

company's net une-ple, see their of which harm the £600,000,000, because they might I allegedly restures.

£2, profit rise steeply from third is destined for direct ex- the physical structure of the soil

national interest.

700.000 t £4,400,000, they The

political and port. Tankers tot 55 per cent. its proper consistency.

group of

aggrieved that their should feel decided to of the total) still predominate, jendera Monorbly euls down erosion by about 20

dividend it Was

times the necept

invitation at a though improved inquirles

covered-should times

be merely meeting at the Tokyo Economic coming in for cargo lers and

maintained at 20 per cen The cargo tramps

industry The

PRIMARY TASK Club today.

Also

course hus, of

Jarge

dividend policy Even 50, NOT POLITICAL

stake in rearmament.

best left to boards of directors. and tu

of the orders In regard

Their primary

task must be to Also thore who attended the 4,000,000

L Crawford 35 Bss tons taken in'

Anancial COTTONS mecliar were described by the 1951, Mr Cebbie ightly warns ensure the long-term

stability

Ewo companies Press

non- that this imposing intake wwhose affairs they Japanese

administer due to abnorinal and artificial Communists. Included were two

Quild up reserves They

must world conditions. members

the House

they constitute defence in rales should sharply fall or the Councillors—one of Premier

demand for oil decrease, then Toshida's own Liberal Party

And never

was the modera doubtless orders would Inen und several industrialists.

and

distribu- restraint"

in be cancelled. However, there is tion Mr Hoash said: The con-

tien polletes advocated by the ao sign at

the

of any moment ference is purely economic and

Federation of British Indus- rale weakening of the freight alt. political

World at 2101

Irles more necessary than it is structure, though the £350,000, at the moment. business leaders are expected to come. I think we shouki attend. and speak out on what we want." Shigeto Tsuru, ecocomics pro- fessor at Hitotsubash: University. who was invited to the Moscow chiferente but

did not attend today's Economic Club inceling, commented:

tes

ttepeated

experients

BRO!

the last three years are lamed to show that Kribum, a plasto powder, nets anything betw cen 200 and 1,000 times more quickly than natural conditioners such esraprest of peat moss in re- Constituting the son's structure to allow its natural through oxygen, water and other elements And one pound of Krilum has the same effect as 200 lus of peat-muss or 500 lbs of

compost

nutrition

Atesistant to decomposition by bacteria. Krilium, it is said, will Tol cake or crack soll treated with it. Erosion is prevented because treated soil holds water like a sponge in the day SPRNOUS In the rays,

soit particles are net varried

Dway to any ap preciable extent, and the water run-off and consequent flooding

is drastically reduced.

IN 1953 Already, some

scientists are

weapon against Communism in

of

us

"I bebeve it is advisable to accept the invitation instead of down flatly simply turning t

many

1

50

the

the

2500 6.10 ... 2315 23 1000 * 235

(B)

Electrte Telephone INDUSTRIALS

Cement Hope STORES, ETC.

Dubry

1s

freigh that against ali contingencies.

in UK. 000 cut

mus! mmports restrict inward traffic, or of any lessening of the demand petroleum products.

ment's

to rise and

for

Watson

180

22 22

15

16.80 17 *223

18.60 18.80 2000 g 18.40

27

MISCELLANEOUS

Entertain-

ment

Yangtze

17

2300 19.50

2000 @ 19.60

28 800 271

000 @ 35

SINGAPORE

RUBBER

Prices of

HLEPHONES: 28015 TO

KOAD, E

SEIRE, ONLA

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

"GRETE MAERSK”

M.S.

M.S. "OLGA MAERSK"

M.S.

"JEPPESEN MAERSK"

M.S.

"HULDA MAERSK"

M.S.

140-£40. 139-139

"TREIN MAERSK”

M.S.

"PETER MAERSK"

Singapore, January 17.

rubber futures closed today as follows: Number 1 rubber,

per lb. January February

Number rubber,

January

Number 3 rubber,

January

ARRIVALS FROM U.S.A.

Jan. 21 Feb 2

Feb. 13

In Port

Feb. 10

Feb.

29

135-135 For Freight and Further Particulars please apply to:-

Money has to be set aside in for forever-increasing quantity

the replacement at high costs of stocks and axed assets. Re- Costs continue

ship serves have to be set aside to boll shipowners builders and, with recent addi- meet possible falls in stock and

Axed

asset

values Other re- inland freight charges tions to

are needed for the and to the cost of fuel, which serves

dividends

when 1952 equalisation of will go uphill further in until such time as the Govern Profils decline, cr to take care

of long-term capital

pro- Number 4 rubber. measures deflationary

let-

January ship-grammes. There can be no The become effective

up in

of Spot rubber, unbaled present Busterities of builders are, by the form

dividend visited building

policies. This does not Black crepe contracts,

protected

mean, however, that dividens No 1 pale crepe against rises in wage and raw

while material costs,

Owners payments cannot justifiably be LONDON MARKET

Falsed

when

carnings cover is should

adequate be left with

London, Jan. 17. ate adequate to the occasion, when

Prices of rubber futures closed margins on their voyage

al-today as follows:- counts The early outlook for reserves accumulations are

rady large and when cash re- Number 1 rubber. builders and owners is, there- fore, favourable. Dividend sources are ample to meet trad- Ing and capital needs. Then policies will. cf course, remain dividends should be reasonably restrained.

increased.

stating that it will be us powerful because it came from the Soviet Union. European economists 1 met last year when

its own way as the atom bomb because Communism thrives

often among people who live on land too played-out to support growing populations.

50

1 will turn man-made deserts into green gardens, they assert. The Monsanto Chemical Com-

which is building a Paly million dollar factory in Texas for its production, asserts that it will be able to sell Krilium commercially in 1953.

Derived

from Acrylonitrile, base for many plastics, it will at first cost about two dollars (14s 4d) per 1b.-Londer. Express Service.

CHICAGO GRAIN

Europe also expressed a wish la attend the conference."-Asso- ciated Press.

Pakistan's Exports Flourishing

"Arever.

1

an

First Since War

in cents per lb. February March April/June

July/September Delober/December

132-1334

129-130

140-1404

105-106

156-160

--United Press.

40-40

40-4015

20-40%

20-40

37-1

United Press.

AGENTS:

JEBSEN & CO.

Pedder Building.

PRESS

PHOTOGRAPHS

Copies of photographs taken by the South China

Exchange Rates Morning Post, South China

and

Post-Herald,. this China Mail Staft Photo- 6565graphers are on view in

In any assessment of the net dividend profil and

prospect, account must, of course. be taken of the new Excess Pro- fits Tax, which came into

Sydney, Jan, 17. opera- tion on January That is The first Japanese ship to

still

unknown trade with

Business was done in the loen? Sunday Australia since the unofficial exchango market too, is detail of end of the war, the Orient Mary, morning at the following rates! Karachi, Jan. 17.

So, Government's jute exports the

economy arrived at Melbourne today with U.S. dollar (per 51) Pakistan's raw doubled in 1950-51, official figures measures, though it is known cargo of 8,000 tons of coal Sterling note (per £1) indicated.

that they will involve not only from Calcutta, She will return Indonesia guilders per 100)

Biam tical (per 100) totalled 6,667,000 substantial reduction of imports to Japan with a cargo of Aus-Singapore (Stratte) Shipments

and of departmental spending, tralian barley-France-Presse. FIC plastres (per 100) bales, twice the 3,382,000 bales

but also heavy cuts in capital exported in 1949-50. cotton Total raw

exporte in expenditures. 1850-51

were 1,373,000 bales of

Then, to complete the picture

other

Chicago, Jan. 17, 400 pounds each, as against 988,- of crisis and anti-inflation plon- bushel) closed toda as follows:--

Prices of grain futures (per 000 bales in 1949-50. Principal ning, there will come the April

cotton buyers were Japan, Hong-Budget. This cannot be

Toom kong, the United Kingdom, Italy, than severe, with little

fer fiscal concessions and none China and France.

overall

Wool exports in 1950-51 show- for a lowering of the

ZOU ERS

ed

a value of 79,800,000 rupees, tax yield. These considerations

to keep the stock. will double the 1949-50 figure.

and continue and share markets in a Government

said and Shar

State of

and 1850-51 tea exports hit $2,200,- suspense and uncertainty

will hold down prices even of a marked jump from [2 mus

the equities of companies that' the 46,700,000 pounds in 1949-50.

are favourably placed for tuw. Reaching record heights, raw

supplies material and labour

WHEAT

Spot March May July September

2.57% nominal

2.50%-%

26316-

2401-14

2.4738-

CORN

Spot

1.9042 nominal

18RA-

Mary July

1892-14

000 pounds,

2.9814-47

September

December Manch

EYE

2.0812 2.0016

OATS

13,810,300

415,000,000

340,348,000

London, Jan. 17. The Bank of England slate- ment for the week ending January 18 reads as follows

yuter to circulation £1,307,373,000 Public deposits

Private deposits

Government socurifica

Other securities

Receipts

Bank

ratio

1.84522

December Manah.... New York flour, per 200 lb, sack, 33207.000 bred at $12.80 nominalUnited 34,85,000 Press,

United Press.

8.7

London. Stock Exchange

Lendon, January 17, Jap

Japanese Bondu

(48, of 1805)

(4 of 1910)

(6 of 1907)

110

Japanese At

Wool Sales

Sydney, Jan, 17. Increased Inquiries from Japanese buyers were noticed in what rates here today, with good competition from Britian ind European bayaran

Prices for merino wools wore generally firm offer WAS dais considerable irregularity fh the

'quoiations for lesser woola -Uulted Press, France-Presse,

18% of 1994)

Console

hides and skins exports totalled because of their armament and 65,000,000 rupees in value, the peak since 1947 and double the export activities. 1948-50 figures. Associated HOULDER LINE YEAR

The Houlder Line, a sidiary of Houlder Brothers, member of the eby a memb Turness Withy-group,

Press

and thereby

LONDON

MARKET

TIN

a

sub-

the company to facue and

Pronary Blütement

full report covering the whole

of the calendar year 1931. The company engaged in the London, Jan. 17, special trade of refrigerated

The tin market was steady ment silpment;

though

this morning. Turnover was 80, political and economia, troublés tons, including five tons for cash. of Argentinb have compelled

Prices closed today at the ond diversion of trage

of the official inorning session routes and purposes as follows

· Dani never downl

Three-monitid-buyers

Three-months, tin, saliers

"Bupinele don

Bollement

of the company for: 1981 have thus en diordun davours

industry

ugoipping indu

hd wholdap

Nevertheless,

Phup clearly greatly benefited

3.30 the Morning Post Building,

15.21

27.60

1.745

11.80

ORDERS BOOKED

"THE TRADE ROUTE

TOKYO TAIPEI

HONGKONG BANGKOK

RANGOON

CALCUTTA

PENANG

SINGAPORE SAIGON

Tel: Nos. 36066-9.

DON'T

WASTE

WATER

OF THE ORIENT"

Skymaster speed and comfort on "The Trade Route of the Orient" strikes the note for 1952, travel.

THAI AIRWAYS CO.LTD.

BRANCH OFFICE (POA.S.)

NINSULA HOTEL LOBBY

TELL 18305.