1952-02-07 — Page 9

THE CHINA MAIL, THURSDAY, FEBRUARY 7, 1952.

Page

MESSAGERIES MARITIMES BURMESE IN A DILEMMA ROYAL INTERocean Lines

M

“ZELINJA"

*THEOGENITOR"

Arging Leavin

Feb. 24 ATAT.

...Apr.

*FELIX ROUSSEL"...Mar.

**MORTAIN"

*

"ZELIDJA"

2

Apt.

6

far. 7.

Mar,

4

Mar. 30

BIRE. Afar. Ji

•

passengers & freight.'

M

Outward For

Nobe, Yokohanes Haiphong

Houseward For

Blarselliâs via Manila

N. Africa &. Europa.

N. Africa & Europe

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

Subject To Change Without Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 58, Hongkong

Queen's Building (gr. floor) Tel, 26051 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "OLGA MAERSK”

M.S.

JEPPESEN MAERSK”

M.S. "HULDA MAERSK"!

In Port Feb. Mar. 2

14

ARRIVALS FROM U.S.A.

M.S. TREIN MAERSK"

M.S. "PETER MAERSK❞

M.S.

Feb. 16 Feb. 29 Mar. 15

NICOLINE MAERSK”.

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & & CO.

Pedder Building.

Tel: Nos. 36066-9.

America Aiming

At Increase

In Sugar Prices

Washington, Feb. 6.

The Government has firmly dismissed the protests of industrial users of sugar and again forcefully declared that its main objective is higher raw and refined sugar prices.

The Secretary of Agriculture, Mr Charles Brannan, condemned present sugar prices as in- jurious to domestic producers and voiced fear that unless they go up, mainland beet and cane

farmers will switch to other crops.

are

Are

Aure that you can appreciate the danger so future production implicit in the still lower prices of today," Mr Brannan said.

Mr Brannan set forth his per 100 pounds. Since those views in a written reply to the prices were followed by a cut complaining representatives of 15 in production, I am sugar-consuming industries. They wrote him protesting his effort to engineer a recovery of sugar prices,

Mr "The present price difficulty "We

confronted," Brannan replied, "with prices can also be illustrated by re- which

injuring domestic ference to the common agricul- producers and may bring about ture, benchmark of the parity further serious cuts in domestic price. It would require a whole- prob- sale price of approximately $9.30 production. Our present lem,

obthin per 100 pounds and a raw sugar to therefore, is sugar prices which will, 10 use price of approximately $0.80 per the danguage of the Act, fairly 100 pounds to return the parity and equitably maintain and pro- to growers of sugar beets teat the welfare of the domestic sugar cane, respecávely." sugar industry"";

The Secretary said: "I am sure you recognise that the Sugar Act cannot be administered on a one-sided basis,"

He defended his 7,700,000 tons ceiling on 1952 sugar, marketings here and the 400,000 ton "rega- tive allowance" he made as a

MORE CUTS POSSIBLE

U.S. Gold Colombo Plan

Stocks Increase

porary

n

in the

New York, Feh. G.. United States gold stocks have been increasing at fast pace in recent months bat this may be only a tem- Interval gradual restoration of the international payments the balance, according_to Federal Reserve Bank of New York.

The

Reserve Bank, In its monthly review of credit and

business conditions, pointed out that the outflow of gold from the

United States which followed the general currency readjust- ments of September 1949 came to un end in the middle of 1051.

The United States re-nequired in the second half of 1951 a total 1.f $1,005,000,000, or 36 per cent of the gold it had sold to foreign countries from October June 1951.

1040 to

1852 this During January country's gold stock rose by $230,000,000, thus Indicating further acquisitions of foreign gold by the United States.

mark

As

An Alternative

To American Aid

London, Feb. 6.

The suggestion that Burma may be steering her way out of the American orbit into the sphere of Commonwealth influence is made in a "Man- chester Guardian" special article, which examines Burma's decision to participate in the Common- wealth economic aid scheme for South-East Asia.

The Guardian suggests that Burma's decision to participate in the Colombo Plan was prompted less by her awareness of the intrinsic virtues of the Colombo programme than by her desire to hide her confusion over the changed name of American

aid.

*

or

Burma has -been receiving; eni closer arrociation with American economie ald for 16 Burma and might be expected months through the Economie to make a little go a long way Co-operation Administration. without arousing mistrust

antagonism. But with the end of the EC.A.

"To the people of Burma the any future aid from the Unhe Colombo Plan is stih a nebulous States would be channeled thing. Whether the technical through the Mutual Security assistance which Burma expects, Agency-a change, the Guardian of it will be forthcoming remains remarks, which has a special to be seen". and unfavourable significance for Burma and certain other coun

is one whose policy

of trica neutrality in the struggle be- tween the West and the Com- munist States.

said: "The reversal appears, from currently available data, to sethack primarily in the international financial position of the United

and the Kingdom

The Guardian remarks that overseas Sterling Area,"

the reaction of the Burmese Gov- Gold and official dollar hold-ernment to the

has renaming of the United Kingdom in been sharp and, so far, uncom- ings of December 1951 totalled

$2,335,-

promising. 000,000, compared with $3,200,- 000,000 in September and $3,867,- 1051-the loss 000,000 in June during the final quarter of 1951 being the highest ever recorded fur one quarter-United Press.

Grain Prices

In Chicago

Chicago, Feb. 8. Prices of grain futures closed today as follows:-

WHEAT price per bushel.

15 Rominal

Społ

March

2.4071-14

3.8891

May July September

2.0213-14

2.40

December

1.01

CORN

Spot

1.32

Barch

10101

May

1.843-2

July

1.85

September

1.0144

December

1.723

RYE March

1.97

May

1.9294

OATS

3444-15 45%-%

•

-London Express Servic#)

FOREIGN EXCHANGES

The title "mutual security as sistance" is taken by the Burmese Government to imply that the. fu.ure United States help will be Canada

IN NY

part of a mutual military policy England-oficial unofficial

in which Burma would be be- ginning to align herself, in a military sense.

a

Indications are tha:, consequence, Burma intends to accept Colambo Plan: aid In place of E.C.A.'s successor,

E.C.A. CRITICISED

**

11

30-day 90-day Australia.... New Zealand South Africa Belgium

France

Norway

New York, Feb, 0.

US$0,00-10/10 2,78%)

futures futures

9.20 bid/-

5.32 asked

2.771

1.76421

2.2215

2.784%

0190

Denmark

1455

West Germany

4.20

Holland

2030

Italy

..1408

0370

0039

3288

288)

asies

2.61

5375

0705 ,0500

Pomugal

It recalls criticism in Burma at the slow start made by the Spain E.C.A. organisation, when it was Sweden said that for months

nothing Switzerland

**** MIDDLE. EAST arrived except some medicines Egyp and some raw cotton for the fran new Insen spinning mill. Only

Also criticised

Icno

a year after signature of the Turkey agreement did machinery and LATIN AMERICA material begin to arrive for the Argentina

Brazil much-needed reconstruction of Holivia

Chile Rangoon port.

Columbia was the pro- Cuba

Mexico gramme of work of the American Peru engineering firm hired by E.C.A.¦ Uriguny to do an economic survey of Venezuela Burma.

FAR EAST India This survey will cost $3 Pakistan March

Hongkong New York four-per 200 ib, Back, millions and half will be paid indonesia

by the Burmese Government.

Singapore It has been stated that one of Japan the first activities of the survey team in Burma was to lend six engineers to supervise the con- struction of a runway for which 70 Danish experts had already been employed.

May

$12.70 nominal.-United Press,

Cotton

Price

In New York

New York, Feb. 6. Colton futures today closed off 7 to 27 points. Prices closed as follows:- Spot March May July

October

December

March (1033)

May July

42.50 41.03 41.21

40.43-40,45 37.60

37.31

37.20 bla

37.00 bid

38.00 bld United Press,

NEW ORLEANS MARKET

Spot March May July October December March (1053) May ald

July

"Morcover, it would require a tened agar price of approxi- mately $9.85 per 100 pounds to give sugar the same relationship to the consumer's price index that It had under the price con- trol in 1947,

"As you know, the fast re "price stimulua" in determining lationship is one of the factors upon that figure.

which must be considered under

Mr Brennari said: "Apparently Section 201 of the Act. I am sure your letter was prepared prior you recognise that the Sugar to the time you. Toarned that Act cannot be administered on Bugar distribution in 1931 fel a one-sided basis.

to 7,652,000 tons. Obviously you

When this country was con- did not anticipate at the time

serious threat you wrote your letter that the fronted with price of raw sugar in the do- of flatlonury psites i sugas, mestic maritet would fall to $5.70 the Department acted promptly nch 100 pounds or that the price and effectively to prevent exces of refihed sugar would continue sive prices-In the domestic to decline to the present levels market. In these efforts, it was

succesful. ranging from $8.15 to $7.88 per 100 pounds.

-... DRASTIC SITUATION

"Now, for the thue being at least, the threat of inflationary prizes has passed and we are in meating the drastic eltua confronted with prices which are tion of last year domestic prices bijiring domestic producers and were held down to levels which may bring about further, serious Tailed to maintain domestic pro-cula in domestic productión. dustion."

Our present problem, therefore, Salts to obtain mugas prices which -el Mr: Brannan blamed fixat eltun- wil,

tion for the 400,000 tons decline Act, Lakeland guage of the equitably main-

41.50

41.85

4120-41.22 40.42-40.45 37.52 2723 bid

37.10 bid

38.08 bid

36.43 bld

United Press.

New York Sugar Futures

New York, Feb. 6. World sugar futures closed today 2 to 3 Jower with sales totalling 33 evntracts.

Contract No. 6 closed 1 to 4 lower with mies totalling · 834 contracts.

"CONTRACT NO. 4. (world) ·

4.41 4.43 bid

March

4.48-bit

4.60

44 nominal 4.45

CONTRACT NO. 6.

May July

Smplember November Spot

March May

September November Spol

July

1.33 bid

5,40 bid

BAT bid

5.63 tria

6.67 nominal 0,40 United Tress.

Rubber Futures In S'pore

Singapore, Feb. Prices of rubber. futures closed today as followers 'Number 1 rubber, per lb.

February Marth April

in the 1951 beet sugar produc- fain and protect the welfare of tion and indicated that he felt the domestic sugar industry. Let it nise caused a tamall but signi- me assure you that the Depart- ficant shrinkage in the Louisiang

mont

Agriculture will con Number 2 rubber, Febru agent talent tinue lle policy of administering Number rukher. Wehtuar your go

of

¡cino:réros atraktivne the Sugar Act· In-a' mdilnor, tha | Number 4 rubber, FebILINT

Aned magar was $8.25 per 100 will be fair to both the consumer Spot rucher, unbated,

Mack, cryp pounds and the price of raw and the produser"- United - Naphi.rep offgar ranged from 36.00 to $6.25 Press.

One major difficulty with which the ECA. team has hau to contend has been the unsettled state of the Burmese countryolde, which has prevented agricultural experts and engineers from working in the interior.

STILL NEBULOUS -

ment is suspicious of foreigners and will not readily give them permission' to go very close to the Chinese border.

New Sulphur

Project

"PALIŠÁLENGKA“

"TAIMAN" **TWODAY" "TJILUWAU"

"TJÍSADANE

TRUSIAN "BOISSAIN" "TJIWANOT

"ТУПРАНАВ "TJPONHOE"

BÄLLINGB.

Fou, lith Feb. 11th

Feb. 13th

feh, 10th Feb. 19th

Mar

Int

Star,

Mar.

- Mar,

ofl

"TJIBADANE“ ·

“THLUWAR*

"BDISSEVAIN"

Mar. 21st

Mar. 25th "TINKAKTEK”

#TJIWANG1"

Apr. 2nd

"VAN ́KEUTBZ” Apr. "TJILUWAD”

"EJIRODAS"

MAY.

BLA

Mar. 16th

Apr. 10th

Mexico City, Feb. 6. Mexico plans to double her yearly production of 40,000 fons of scarce sulphat within the next two years.

The Clorerhurent Industry said new sulphur

plants in Mexican NOUVEL will account fo

for this încredse. Nently all of Mexico's ralphur la ex- she has no ported

since. ralphuric acid idustry of ber

600 own. Recently tor was sent to Canada in return for a promise fo increase newsprint, ship- ment-Associated Press.

Indonesians To Accept

Tin Offer

Washington, Feb. 0. Indonesian officials indicated today that their government has re-slimed oak to accepting price of $1.18 a pound for pig iin delivered in Djakarta.

"TABALAN** *TJIWANGr

"STRAAT

SIAKASSAR" “TJILUWAR"

Apr. 17th

Apr. 25th May tud Stay. 4th

May 18th

Singapore) stuurlijus," Daridi-BRISM, "Zanzijní, X., Xirica & H. Amsilca Japan Parts"

jakarta, Bomarang, Burabila

MacLar

Bingapure, '1/jakarta, ;" Ea,narang.

Buratta di Macassar

Japan

gapore, Penang & Natawan. Deli Japan

Singapore

jakarta,

kurahšia da Macusine

Afadila, delete,

[sjakarla,

Ju

Burahala & Macassar

Många porr, Atauritius,

B. America

Bemarank

B. Africa Bemarang,

Aries #

Kingapors, Djakarta. SUMBATZUE,

Burabola & Miscaklar Manila, Singapore, Mauritius, E. & 8;

Afties & A. America. njakarta, Titrebon. ·Semarang,

Surabala di Macasear

Singapore,

Djakarta,

Sémoring,

"Burabola & Macassar Singaporey-Parang & Unlawan” Bell'

bingapore,

Kúrabala & Macassar

Djakarta, Tjirebon,

BEKEND.

Remarang,

Hurabala & Macassar Singapore, Penang & Bolawan Dell singapore, Djafactu, Semarang,

Búranpla 4" Macassar Manila, Singapore, hauritius, p. 48,

Africa & S. America Singapore. Djakarta. Semarang,

surabaía 44"Macassar

From

ARRIVALS

#TSITJALENGKA” rch. Tib

Feb 10th

“TASMAN "TJELUWA

"THSADANE"

Feb. 10th

Feb. 12th

"VAN BEUTĒZ” F&D. 27th

"STRAAT BUENDA” FOY, 2018

Japan

Pekang, Belawan Deli & Singapôte DIACASSAT, surabata, BERIKU

žjakarta & Singapore

-6. Ametita, E. & S. Afrien Bingapore &

Penang, Belawan Deli & Singapore 5. Americs, B. Affies, . Bingavotu.

Manila

General Agents,

HOLLAND EAST ASIA LINE

Д

SAILINGS TO EUROPE

"OVERIJBEL"

Tel.

"HOOOKERK"

Mar.

"ABENDSXKAK"

Apr.

"KIELURECHT"

May

This was disclosed by Lources Man- close to Mr Darmawan gumukusumo, Indonesian Dirac- lor'ul Foreign Trade, who is here to head the tin negotiating The mission for his country. Indonesians will meet with re- presentatives of the Reconstruc- tion Finance Corporation, the sole American tin buyer, within the next few days.

Indonesian sources do not see how their country could possibly get a higher tin rate than that

Britain granted to

after Mr Winston Churchill's recent visit to the United States.

was

The amount" of- -tin under consideration in the Indonesian- 0028-0/16 American negotiations is some-

what higher than 20,000 tons.

Indonesian sources originally said their negotiators would make their opening bid at $1.25

ound, which per, pound,

the asking price upon which negotiations broke down in Djakarta last December. However, after a ong themselves to- conference Among day, it is understood that the Indonesians agreed that they eventually would have to come down to the Anglo-American price.

Before doing that, however, the Indonesians will complain that the United States is not giving them equivalent consideration which the British have received -the American agreement to sell 1,000,000 tons of much needed istcel

1010

4025

1.00

.1155

0500

4723

2005

+

.2003

-United Press.

to Britain. What the Indonesians

want, according to 380 yen 10 US$1 Informed sources, an Ameri- can promise that they will get more capital goods, such as development machinery, under Commerce Department licence. “American officials said this could

not be done,--United Presa,

Buying Wave On Tokyo Exchange

TALKS BEGIN

of

BAILINGS FROM EUROPE

"NČOGKERN"

"ARENUSKENK"

"KIALUCHT "AAGTEKERK" "OVERU EL"

KINGS BUITD

7th

falla Rotterdam

Salled Jan, 3rd Sailed J. Das Atar,

Arrives Hongkong Feb.

har.

6th

Apt.

Apr. 10th May

6th

May 2nd

June

7421

تائر

PATTISON ORIENT LINE

LIMITED

S.S. "LAURE PATTISON”

Due From:

Kobe Feb.

10th, 1952

12-14 Queen's Road, Central:

Sails For:

DIRECT Pusan & Japan Feb. 15th. 1952.

CHINESE AGENTS::

Tel. 25346.

OVERSEAS CHINESE STEAMSHIP CO.

48, Bonham Strand, West, 1st Floor.

Tels. 26127, 31118 & 31119,-

Threshold

Of A

AMERICAN

STOCKPILE

Golden Age PURCHASES..

Toronto, Feb. 8.

Washington, Feb. 8. American Munitions

sxx

Canadie stands on the thres- The hold of a golden age, and cart Board, in a half-yearly survey produce enough food for 100, of stockpile purchases,, today re- 000,000, instead of her 14,000,000 ported that In the last

to population, according Mr months of 1951, $357 million. George Drew, Progresalve Con- worth of strategic materials and sorvative. leader.

metals had been bought for the American stockpile.

Washington, Feb. 6. Negotiations . for renewal of U.S. tin purchases from In- donesia began here today when the team of Indonesian negotia- tors, headed by Mr Darmawan

Mangumukusumo, Director Tokyo, Feb. 6. A wave of buying has hit the Foreign Trade, moet officials of And where, as in the case of

the

Bola which is the RE.C the frontier areas, the country is Tokyo securities market. which relatively peaceful and EC.A. brokers cáll a

"rearmament | Furchaser of tin imports,

officials said the talks health and sanitation experts boom" despite Premier Yoshida's

were largely exploratory and might have been expected to denials of rearmament plans

On Feb. 4, a total of 12,840,000 may go on a couple of weeks have made a satisfactory start,

changed

hands on the or 50, the Burmese Defence Depart shares

Tokyo exchange to set a post to make publle any of the sub- They said it is still too early waz record.

stance of the talks, but in Exchange brokers today sedicated that reports would to

dally gross made from time to time on pro- Canada could only fuliti ported an average

Be warned, however; "thát This was a reduction from the The Guardian concludes: "It is commission since the new year grees of the negotiations.fromite of her future if she months of 1051, when such

the stockpile buying in the first mix thus in a dilemma that Burma of 30,000,000 yen.

United Press, has turned towards the Common- |

The favourites In the buying

made the best use of her natural chases amounted to $162 million, splurge aro former munitions

especially dron-ore. "Britain has nothing like the shares like steel, machinery and

rescurces,

The survey, which was sub for industriel development at mitted to Congress, said that the resources that the United States other heavy industries followed

home, Instead of sending the raw | needs of American industry for enjoys, but the has had a longer by coat and petroleum,

real

material to the United States. stratagle materials and metals estate and casualty insurance..

In contrast to previous years, according to sources in the Ex- buying it change, most of the being done in big lots and many wholesale houses, confronted with a slump in their business, are Investing their copital in shares.--United Press.

|

th

Japs Reject

Request By Britain

»

Nagoya, Feb. 6. Japanese pattery makers to day turned down British manufacturers" "request for conference to discus

owner ship rights of designs,

2

Pepper Market Firmness

New York, Feb. 0.

Effects Of

Devaluation On Trade

Tokyo, Feb, 0: The doveluation of the In- donesian rupiah will help to ad- just the existing ill-balanced frade between Japan, and In- donesia; according to Govern ment sources here today.

The Indonesiani niction WI make it much harder, ids Japa 1 to export goods, particularly cotton textiles, to Indonesia, but

will considerably caso Japan's

注意

The Domlulon was also ex for the military requirements of the Korean war, as well as other torting valuablo manpower to the United States. Five

defence

requirements and erren-

Cana-

dlans had left the country in the tial, civilian

production, prom

last 10 years for every six im-grammes, brought about the to- duced buying in the last six migrants who had that with months of 1951.

entered.

Mr Drew considered that

RİX

It said that in the last a well-planned immigration and

amantha of 1951, President. housing policy, and development Truman authorised the release

of the country's resources. Canada could support a popula- and sale of $40 million worth tion of 100,000,000 "at a high aluminium, copper and lead

from the steekpile. average income, in happiness,

.. withdrawal Included. comfort and security."-Londen 55,000 tons of copper, 10,000 Express Servico.

tons of aluminium und 30,000 tons of lead.

NY

The

President Truman also tasued

IY Stock Market ender divertend Government

New York, Feb. 6.

| material, which, would - have

at the gone to the stockpl'e but which

over $120 million.

A arm situation continued it The British wanted to meet the black pepper market, Ad- the Japanese at

Dow Jones averages Vancouver, alilonal factors offering support imports from that country end of the rock matkat session was not purchased, valuet halfway between both countries. Included The Brimness of the

Government sources said. But the Japs said "No," be primary markels plus reports of the step was taten to boost ex- ax. cause they cannot spare money European demand and Indien ports and that this will mean for the trip they have not long et email January ship that more good

goods will be flowing is uities enough qualified men to repre ments from India to the United into hard currency nations. pont them; and because it is

On

hand States, and act

exports. more to do with exporters than

oothe other producers.

g. $1.12 a pound after fair-alred to

1 cup monteriat firmly hold of indon tuldây cơtion.c

will face more Premier Yoshida announces $1.12 that Japan's pottery trade in- Pulihers', in ufonts goods; was difficulties because "PRAESE,JWO← |

lers ducis will have to

with

dona

stond op follows:-

industrials 30. ma

so bonds

Alots

238.77

85.04

This material, the Board sald, included 103,500 tons of

40.12

106.04

United Press.

1.778 pounds of tungsten. Router

copper, 45,000 tons of alumi niti

6,000 ions of leat 2,200,000 pounds of nickel and

*Copra Quotation

Trade Pact Signed

Dublin, Feb. 6.

2014 Kreased by 88 per cent fast year. i . at $1.dt. Local rerelle Britkih Gold [ Portugal and Eire signed f

Indicated-February

As of Jan. 20.

new tendo pace here: -todayizbe. New York, Pati, 0.

nt: 91.35. Muroli 31.30. APNI SIKA per cent of the Tavotirable balance with agreeing to exchange oil reason Copra was quoted today at national Income Is earmarked for defence, e

Whre muntok was quoted at indonesia stalling. $14,000,000--| ante facilities for the import and $150, asked, per pound. Corag= nominally, si #2.14 and Sarawak the highest Japan ham with en export of the comparatively few nut oll" was quoted, ne 10-1 cents in America.

white at $2.10 a pound United open account don.-Vranes | still restricted 4, commodliles.- cents per pound," nicer, e News Burvice,

Prosse.

Router.

United Fres

This compares With 76 por

Expro