1952-01-23 — Page 9

Page

Royal InteROCEAN

"TIBUDAS"

TJISADANU

"TARMAN *TJIWANGI“

"TAPONDOK"

TJSADANE"

ال 18

BAILINGS

*FJIPANAS"

Jan

VAN HEUTSZ"

Зал

291h

"TJIWANQI"

Jan

"TJITJALENGKA"

Feb

6th

**TASMAN

"TINEWAR“

Feb 9th Feb 3356

Teb 15th

Feb. 160h Feb Frb, 29

27th

Slut

MJi

6

PANAS”

7th

Mar

350+

TJIKAMPER

3137

23rd

"BOISSEVAIN"

Саг

FAN HY('TSZ"

ALAT

ZXLh

TJIWANGP

Mao

31

TABONAN

A jes

1415

"THUWAз

Apr

TASMAN

A pr

ሃኒ

Ap

30th

"STRAAT

May 2nd

MAKASSAR”

*TJILUWAN"

May 15th

"TJILUWAH ̈

TIWANGE

Japan

To

INES

Semarang,

Singapore, Penang & Belawan Bou Djakarta, Singapore,

Surabala & Macassar Singapore, Mauritius, Dar-es-Salam. Zanzibar. 8. Africa & S. America Japan Ports

Kingapore

Dinkarta

Bemarang.

Sqrabala

MAREERT

Djakarta.

STORFARE.

Burkkala

Macassar

Japan

Singapore, Penang & Helawan Peli Singapore Djakarta. Semarang,

Burabila & Macoanaz Djakarta,

Tichon. Semarang,

Нитавата в Мисалкат Singapore, Mauritius.

Africa

Singapotr A

5 Africa Semarang,

s. Amerles Mania.

Singapore. Djakarta.

Strabla

Diakarta

* Macassar Titrebon.

Semarang.

Surabala & MacassaÈ Manila, Singapore. Mauritius. E. & 5.

Africa & 9. America Singapore, Penang & Belawan Dell Kingapore, Djakarta.

Вигамија & Манаскаг Jakarta, Tjirebon.

Surabada & Macaunat Singapore Ujakarla

Segaziank.

Bengiang.

bra.

Surabata & Macassar Singapore, Penang & Belawan Deli Singapore, Dakaria.

Sentarang.

SurabṚla & Macanaut Manila. Singapore. Mauritius. E. & N.

Atries & America Singapore.

Djakarta, Semarang. Arabala & Macassar

ARRIVALS

५

From

Aizer ke Africa, Singapore &

Mankin

Харин

Penang, Belawan Deli & Hingapore

Бетагала

Macassar. Stratrala

"THPANAS"

TJJALENGKA”

Jan

Fr

2412

5411

TABMAN"

"THLUWÄH”

1338ADANE"

Feb. Kth Pob

Feb

Joth

S Merien

"VAN BEUTSZ"

Feb. 25th

Djakarta & Singapore

Munita

P. & S. Africa Singapore &

Penang. Belawan Deli B Klugapore

General Agents,

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

"OVERIJBEL"

Feb.

7th

"HOOGKERK"

Mas,

1th

"ARENDSKERK"

Αμε

21.3

"KIELDRECAT"

Meny

12h

SAILINGS FROM EUROTE

Salle Rotterdam

Arrives

buonghont

17

"HOOGKERK"

Nalled Jan 3rd

b.

402

"ARENDSKERK"

JATI

3014

Mar

Bih

"KIELDRECHT”

Mar

5th

Apr

10th

"AAGTEKERK”

Apr

2nd

May

Bth

"OVERIJŠEL"

MAY ZpJ

June

7th

KING'S BUILDING, TELEPHONES: 28015 TO 28017 CHINESE AGENTS, 82, CONNAUGHT ROAD, C. TELE RIP, 2133

Vast Deposits Of Oil Found In Middle East

Paris, Jan. 22.

Vast oil deposits have been discovered hidden beneath the barren, volcanic Harran Plateau, be tween Syria and Turkey.

If exploited, they might greatly influence the strategic and economic position of the Middle East.

Irregularity

Mom1

02120

For yes, Te

suspected the deral de Jalufe

high was anything but useless Shape and yupo.

jaro - port 1.

A 10 delaar ni way to

around

ית

THE CHINA MAIL, WEDNESDAY, JANUARY 23, 1952.

GRAVE MESSAGERIES MARITIMES

Tough Measures COAL SHORTAGE C

Expected To

Combat Crisis

London, Jan. 21. Financial circles believe the decisions concealed in the Commonwealth Finance Ministers' communique to- night should succeed In restoring the Sterling Area's

1

solvency--but will be a cluse 8ght in the next few months.

Plane

to be announced by individual goverments of the Sterling Area prove

will

Lo be more drastie than is suggested by what appear at first sight to be platitudes

the munique's wording.

com.

in

The conference hus,

con fact, succeeded far beyond the "xpectations held when i assembled. AC- carding to these circles,.

Britain's own measures will be announced in about 10 days' time and other governments will announce their own and all will be tough Reuter.

Study Of Empire Resources

London, Jan. 22.

Colonial representation on the working party set up

THREAT TO EUROPEAN

REARMAMENT

London, Jan. 22.

Europe's coal shortage, back again in acute form, is threatening to strangle the West's re- armament programme, according to the National City Bank of New York's monthly Letter.

The shortage also threatens to consume the bulk of the dollar aid set aside for essential im- ports, it adds.

- נין .1950

During 1949 and duction apparently had caugh up with dermands However I!.

prod 1951, when industrial tion weni uhtad, mom failed to keep pace cual gap yawned.

Europe. argues ite Enk Letler, quoting Paul R. Forte:.

Hj

Mutuel Security Agency specja: reure-uplative, ougn, bu be able to produce enough cost for elf It has the men and

More efficient usage of coal.

A further view, stres-es th Bank Letter.

y that the goal crisis could be relieved by con- centrating up the culour in the wa key countries. Great B1: tote and Germany.

HONGKONG

SHARE MARKET

M

“ZELIÐJA"

"LA MARSEILLAISE"

{"BASTIA"

***MORTAIN"

""ZELIDJA"

*

Suck

was

↑

¡From Our Correspondent)

Business done on the Exchange this morning valued al $088,276.90. Noop quotationS and the morning's transactions --

SHARES BUYERS SELLERS SALES

BANKS

41575

780 195

35783

K Bank 1550

INSURANCES

tinton

DOCKS, ETC K. Whart

This could be done by marr Micient

in- management, by cucing miners to work Song and harder by paying high Dock wages, und by relocating labour

urpluses from other countries although the one-time flow of Eastern European labour -

Curtain.

13.60 13 80 1000 20 13.83

102

60 6 102

N. P. Wharf 6%

Provident

Wheelock

172

7 10

1000 G 13.70

421

43 100 4235

000 & 423%

5 10 000 N 5.00

56 z

1835 56

132 56!)

Shai LanS Humphreys

14

14.

1.C-nevertheless Eu: 3:21 asking Ametics Fol dellas to import coal

Last Ver dollar coal par-

bern halted by the houAND ETC Ik Hotel from the US tote led 20 chases

HK Lond million tons

Solution to the problem, thei This your They Play Tray to between 30 and 40

Letter concludes, lies in over- the rost, anything! coming million tons.

strictly national.ske Lotwear 700 and 900 dollars considerailers

Thus Furope would reark

-xhaust

the 1.000 million dol 1 pt

Las set wide_fin economic is 1 We t Europe during th

Jiscal

yeur. Having

te the other esseniiats

Washington:

A

BRY

to switch more of s

by the Commonwealth Finding funds to economy and

ance Ministers to investi- gate all possible means of increasing production will probably be through one of The three UK Ministers con. verned with colonial affairs

Alho

Already shurtages in Europe i have had far-reaching effect

STRAINS ON E.P.1.

del.vr Britain's inability to

abad has contributed a Pay in the European ments War 11.

J France, largest col moor- |

to the word, coal and cake!

hortages are holding steel pro

10 to 15 per cent below

Measures which nay be taken to help fill the cost gap. however, include:

Pedr worked aut at is Comakely

the

Cintres Wal Dave Jury

reetcapai hy representation

working Dry at 13. ing Their chiet spokesman will probably Le M A, Lenox Hovil, Mauster of State for Coloples, who is due back from Africa tomorrow.

Colonial governants wil la kep. Julis mnformed of the pro- ress' mater by the working party and then advice will be

each stage sought at

of the investigation.

The study 1 be made falls

into two parts. First will come examination of opportunities for Increase ir: the pro- stuctive power of member coun- ipes

The working party will then look to the possibilities of matching available financial and technical resources Wi enterpinses most likely to

Succee

In Cotton tie, o country of Saudi Arabia care development equipment

Market

New York, Ja, 22.

The oth

and

Ira, farthe

and east

Today semns they wer bypassing tehes which

mig.

set off fresh lows of or in the

Countries

and flows of dollars to then government coffers.

CLOSE TO SEA

Coglan Tutures were pzregular | two Middle Eastern today. Trade buying and short covering cd to early frinness but the market sagged later on

Son hedging and liquidation. covering was believed to be in

The oil risDURCES, locked cation uf expertation

the Harran desert, may run to Wednesday millions ginings rep t

informed of barrels, indicate the flas! which may

colion crap will be under sources here said.

December

Government

1951

the

ས་

ה..

11081

(slimate of 15,290,000 bales

71)

For

dery their

The officials are expert:d to wek put a system of priorities. by which available supplies of

will be sent to countries where shkely to achieve the quick- ext and most beneficial result,

IMPORTANT MATTER

The with

lady will concern self all types of production. Food, raw materials and other essential goods will come within its purview.

of

One of the subjects which the working party is expected to examine is the possibility of reaching An understanding with non-Sterling countries for

in their greater regularity

Commonwealth purchases raw materials, This was con- sidered by the Finance Minis- ters to

be a matter of great importance, especially with re- gard to raw materials like tin and rubber, which are highly sensitive to fuctuations in br world demand.

Tew

A great advantage future exploitation Demand for Colton xtiles | geographical location. The future remained slow, with prices on wells would be unly a some gouds moving lower.

dozen miles 011 the nearest Mediterranean port, eliminating ihr need for extensive pipe- lines.

Futures closed 15 cents to $1.75 a bale lower than the pre- vious close.

March May

July

October Decentes

March

May

July

42.10-28 41.00 41.3-40

зад

13 AS

38.30 nominal 88.01 hd Middling spot 43.00 mominal. 12-Associated Press,

The discovery was made Jean Mercier, a noted French geologist just back in Paris from 38.45 nominal un extensive geological survey

of the Middle East. He an nounced it in a report to the French Academy of Science..

Mercier, who has been trump- ing the Middle Eastern deseris for months, traced the deposits through the Urfa district across the Syrian and Turkish borders.

off

NEW ORLEANS MARKET

New Orleans. Jan 22. Cotton futures closed 80 cents to $1.46 a bale lower.

High Low Close 42.30 42.18 42.18-21 42.35 41.00 42,18-42.02 41.30 41.51 41.51

March

May July October 39.32 39.00 December $8.00

38.02

36,90 3861

Spot cotton chased 75 cenie a bale lower.

survey

"mud of be-

SOIL YIELDS SECRET

Mercier said his soll Middling $1.98Associated led him to the intriguing dis-

of chains covery

of volcanoes," small moulds volcanic stones and earth tween 150 and 900 feet in cir- cumference and 20 to 200 feet high. The earth and stones, when ground, gave out a streng

US Newsprint

Consumption

New York, Jan. 22.

oil

oder

The total estimated United mistakable. sign of

States

newsprint consumption oil

for 1962 was 6,574,305

comparod

નાય

with 5.930,041

un-

"These volcanoes are an

important resources, since they can be tona,

found in all tropical and sub- tong in 1960 and 5,020,200 tons in tropical oll areas," Mercier re-

ported. 1040, according to the American Newspaper Publishers' Asso- In the Urfa district alone, ciation.

Mercier sald, he has mapped Daily newspapers reporting to 145 such volcanoes over as brea 22 m miles wide and 70 mites Association consumed 307,-

are h outward 763 tons of newsprint in De- long. They 390,309 tone by compared with sign of oil resources, formed by gases pushing newsprint in De pressure of oil cember, 1900, and 372,497 tone against the earth crust, he In December, 1940.

wrote: During the whole of last year Oil circles here aro talking the reporting newspaper used excitedly of the oil, boom to $11,023 tons of newsprint. come The French Press has decrease of 0.7 per come hefted the discovery, ar edetes pared with 2000 and an increase thing like 10 change political Of de per cent over low. Reus inimbiery thinking about the

Miele Bus-United Fron

*

as

an

1. A

modern

2,000 million dollar

Skilled labour should be | UTILITIES moved from one country to Tram another. and capital invested j

wade it is most needed.-Lon Peak Tranı den Express Service

Australian Trade With Japan

230 * 58!

17.30 17 2000 4 17.40

100 - 19.00 1700

17.40

107)

231

Star Ferry

112

5 100

113

t

1g 0 2.80

95 1000

070

3600

H.55

;" Light N

6

1000 M 5 BS

4000

G

2321

2000

232,

Electric

(B) 22 221,

Telephuqu

INDUSTRIALS

Cement Rope

27 40

23

3500 W 173

500 23%

700 24

Electric

151, 1875 1000 gr 15 35 1

B00 23

10 4610 19.40

STORE. F

Dalry

10.40 19.65 100

Watson

I Crawford

Sydney. Jan 22. Australia will have no- thing to fear from any trade coTTONS pegotiations with Japan Ewo following the ratification MISCELLANEOUS (expected next month)

Yangtz of the Japanese peace treaty, the Australian Trade and

27 27% 700D ter song i l 35 96

J 34, 1000 r

3 10

4.20

2000 17

4 20

Customs Minister, Senator Better Tone

investment programme under O.EE.C. auspices to cularge Bod modernise Europes coul mines between now and 1956.

An American rainer, using Neil 0. Sullivan, said today.

Mr O'Sullivan, who was equipment, product: about Ave times more coal daily leasing the first detalls of Aus- than his European counterpart). |tralia's trade relationship with 2 Development of water-Japan subsequent to the treaty's power sources

ratification, added that the General Agreement on Tariffs and Trade would not be per- mitted to operate against any essential and economically well- based Australian industry though some "mushroom" Industries might suffer

Exchanges In NY

Canada

Englund-fficial

Australia

Pranc

Norway

New York, Jan 22

USEL.00 2.78

In Chicago

Grain Market

Chicago, Jao, 22. Some new four business a- nounced by exporters just be- fore the close of today's Board of Trade session moved wheat ahead and gave other grains 2 better tune.

Japan mould apply for admis- sion to the General Agreement on Trade and Tarifs (GATT) after the treaty is ratified but it

All grains advanced at the would devolve on the Australian start of the session but were

forced to absorb decide whether Government to

Some profil- the most favoured nation treat- ¦ Lik). ubil just

ng

betore the ment should be granted here, espers said Guatemala had taken around a quarter of Mr O'Sullivan sald.

million sacks of flour and thal Lebanon and Holland were also in the market.

Mr O'Sullivan added

1455

no reasTI why our trade with 0920-9/16 Japan should be adverse to us

than it was

any more

Government will not be influenced by United States in any trade

makes with

it agreemen! Japan.

Arriving Leaving

Fch 21 Feb 22

חה 1.

M

25

Jan 26

30 Fan ນ

N

Outward For

Saigon

Homeward For

Marseilles via Manua

* Raigon

Africa & kurepo

• Mar $ MAL у N Attica & Furaha

Mar. 23 Mar.

N NG

Africk 2 Kusope

passengers & freight. freight for Saigon. Port Said, Tunis, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp & Rotterdam.

Subject Từ Change Withint Mother

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

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

M.V. "LA MARSEILLAISE"

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI & PORT SAID.

171

Saturday the 26th of January at 10 P.M.

Passengers are reunested to board the vessel with their cabin baggage on Saturday the 26th of January between 6 P.M. and 8 P.M.

Baggage room and told luggage will be registered at Kowloon Godown No. 50 (No. 2 rate. Canton Rond Entrance) on Friday the 25th of January from 9 a.m. to 4 p.m. and on Saturday 26th of January from 9 a.m. to No baggage will be accepted for registration 1 NOON.

after this time.

higher. Rye % to 1% higher, and soybeans 1% to 24 higher,| January $3.032-4

of

be WHEAT

He hoped the possibility dollar import cuts would

Australian Marchi offset by increased

CIE DES MESSAGERIES MARITIMES P.O. Box 53. Hongkong. Queen's Building.

Tel: 26651(3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

L

་

2 54 luid/ 27 asked

30-day futures HA-OAV fukuzek

2771%

75%

2.2212

New Zealgril South Africa Belgiumi

0192

Dentinari

West Germany

4.20

before

There were

reports

that

Holland

2035

Jul

1106

the wal

3405

Portugal Spain

0310

"The Australian

the

1255

Japan wants soybeans,

A: The finish whee! was 11 higher, Corn wago

Oats to 13%. a cent higher,

M.S.

"GRETE MAERSK“

In Port

M.S.

"OLGA MAERSK"

Feb. 2

Sweden

.093A

M.S.

"JEPPESEN MAERSK”

Feb. 18

Switzerland

2400

MIDDLE EAST

Egypt

2,001%

ARRIVALS FROM U.S.A.

Irun

03125

Troy Turkey

2.81

5375

M.S.

TREIN MAERSK"

Feb. 17

2.50-2

LATIN AMERICA

2.56%-50

M.S. "PETER MAERSK”

Feb. 20

Argentina

0105

2.48 T

M.S.

Brazi

D500

Bolivia

Chille Columina Cuba Mexicu Puru Uruguay Venezuela

0150

trade is more

2.50% 2.32

Mur. 17

4025

home and

1.00

1135

more sales in United States."-Reuter.

the SOYBEANS

0500

4230

2005

FAR EAST

India

2000

January March May July September November

3.834-1

2.37-904

2.98-0317

2.00-12

2.397-4

2.77

2030

.1750

.3040

CORN March

191%

Pedder Building.

3995

300 yen to US$1

OATS

March

9216-02

2.30%- Associates Press.

DON'T

Pekistan

Hongkong

Indonesia Singapore Japan

www.

United Press.

New York Sugar Futures

The "working party WOF described by Mr Butler, Chan- cellor of the Exchequer,

of continuation

the Finance Ministers' conference "00 official level." It ís not known whether a separate work- will be set up to study

New York, Jon. 22. ing party

of convertibility or the problems

Domestic sugar futures No. 8 whether the same group

of closed unchanged to one lower officials will deal with both subjects but it is clear that those concerned intend to lose no time in getting down 10 work.- London Express Service.

LONDON TIN

MARKET

London, Jan, 22.

The tin market opened today

very steady with a turn-over of

March May July September November

5.25 bld

5.39 bla

5.69 bld

6.08. 5.

nominal

May exports to the United States.

¡July "Our answer on United States September

al, December production

Small Gains

In Stocks

British

RYE London, Jan, 22.

stocks May industrials chalked up moderate gains in a light

of the trading session London Stock Exchange today.

Copper mining issues were in

good demand.

The Financial Times daily 144.8, up index of stocks

wab

0.3. Japanese bonds

“A” (4s, of, 1899) B. (45 of 1910) (85, of 1907)

Exchange Rates

in the local Bushes wee, done

official exchange market

57% Indonesia, guilders_(per 100)

Singapore (Straits)

120

1.74

this

65

morning at the following rates;- U.S. dollar (per 61)

6.625

Sterling note, (per 21

25.00

70

Slam ficals (per 100)

"D" (55. of 1984)

117

"E (8%. of 1984). Consols

PIC plastres (per 100)

60

61

4.52 bld 4.58-54

Press.

4,53

World sugar

4 futures, No. closed four to five lower, March

4.50 May July September

Raw sugar spot.

5.70 nominal -Associated Press.

85 tons, all for forward positions. Rubber Futures

Prices closed at the end of the

morning" desalon official follows:-

4.9

In S'pore

Business do.

Spot: tto. bayars

Spot tin,_wlorn.

t

2zuree-months Un, buyers

Thege-months £ing sellera Bualibus done al Settlement

Associated Press and United

NEW YORK MARKET

New York, Jan. 22. The stock market advanced a notch today to its second straight new 21-year high, There was considerable profit- taking near the close.

•

"NICOLINE MAERSK"

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

WASTE

WATER

Tel: Nos. 36066-9,

ESSENTIAL SUPPLIES CERTIFICATES

Application

Formas for Essential Supplies Certifi~ cates may be obtained from

South China Morning Post Limited.

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trans-Pacific Service

Gaine were pronounced in

rubberw coppers,

and SAN FRANCISCO, LOS ANGELES chemicals. At the best the ad-

Veerl

OVE

NEW YORK÷EMIPAG-

MONTREAL AND ALL AMERICAN & CANADIAN CITIES

For

Ben Frenched & Lös

vance carried prices up 1 to 2 ||hukan, Marinas' Kalanda, Micronealazi Nalanda Regular Service direct or with transhipment. points with Singapore, Jan. 22%

Some moving Prices of rubber futures closed The volume of business ex-

#notch - highers. Joday as follows Humber rubběti per-kr/

an eginabød 12,093 - pended to January

000 steres, one of the heaviest days in the last three months.. The towed, on Monday: won 1- 100+128=34|5380,000) mares.t

**United Proni, New York, Jah. 21. Prices in the metal market Nud here closed today unchanged with the following badeptiona

· Tin," Grade A. (19.00 per cent

or higher) News/work, ber 16; 121.00 vmtu-United Prvin

From

San Frkodiedɑ:

Biralls