1952-02-21 — Page 9

MESSAGERIES

MARITIMES

M

Aerloine, Leaving

"ZELIDJA”

#VIROMENTTOR"

--Web. 192

...Apr.

3

Teb. 24

Apr

A FELIX ROUSSEL" „ptar, d

{"MORTAIN"

+"ZELIDJA"

*

R

Mar. 17 APP. 4.

Mar, 7

Mar. 18

passengers & freight.

THE CHINA MAIL, THURSDAY, FEBRUARY 21, 1952.

COMMONWEALTH TRADE

M Exports And Imports Increase In Value

}

Outward For

Kobe, Yokohama

Calpkong

Homeward For

Markables via Atanija

N. Africa & Europe Apr. ↑ N. Mira & Europe

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

* Subject To Change Without Notice.

}

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

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

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "ULDA MAERSK"

TREIN MAERSK"

ARRIVALS FROM U.S.A.

M.S.

M.S. "PETER MAERSK"

M.S. "PETER MAERSK"

M.S. "NICOLINE MAERSK"

M.S. "SALLY MAERSK"

Mar. 2

Mar. 10

Apr.

2

Feb.

28 Mar. 17 Mur. 25

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Fedder Building.

Tel: Nos. 36066-9. ·

US-Indonesian

Tin

Talks Expected To Be Resumed

Washington, Feb. 20.

Authoritative sources said today that the Indonesian Government mission is prepared to resume negotiations with the United States for sale of tin after receipt from. Djakarta of a new pricing formula.

The negotiations are expected to resume during the lalter part of this week..

While the exact forniula can-

'beaded

The

Mr

tions between the Reconstruc- not be disclosed, it can be said tin Finance Corporation, that the Indonesian cffer is sole U.S. buyer of this com- Indonesian of modity, and the bused on a rough estimate

by the pig mission, 20,000 tons of Indonesian

Minister, tip being made available each Foreign Trade year to the United States dur-Durmuwan Mangumkusomo, ing the next three years,

faced However, they This amount

considered with the American offer to pay is adequate by American officials only $1.18 per pound for 20,000 to keep up stekpile. require tons of tin to be bought from ments but they had no oppor- Britain. tunity to talk over the Indone- sian price formula which is on u silding scale.

were

DJAKARTA FORMULA

The United States is obliged The Indonesians. have con-under the agreement with Bri- sistently asked a price of $1.25 tein to raise this price it more per pound, for tin in negotiais paid to any other foreign in

Foreign Exchanges In NY

Canada England-mcial unonicial

New York. Feb. 20.

US$1.00

2.78-3/15

Ly

H

30-day futures

Australia

30-day

New Zealand

South Africa

Folglum

2.30 bid/- 233 naked 2.77-11/10 2.704 futures

22232 2.7696

producer.

For that reason, the Indone- slon tin fermula has been work- ed out in such a way that it would cost the United States a little more during the period of the British contract, which is for one year, but would make up the differnce Inler.

Indonesian

und American officials are expected to meet later this week to discuss the latest proposals from Djakarta, -United Press.

J

LONDON MARKET

London, Feb, 20. The tin market was quick but steadier this morning. Turnover was 35 tons, nothing for cash. Prices closed at the end of the official morning session

follows:-

Spot tin, buyers

Business done at ...............

Rice Decision By Siam

Bangkok, Feb. 20. Speelai permission 10 export ap to 100,000, tons of rice will be granted to private merchants If they co-operate with the Gov- ernment in finding oient rice for the Govern- ment to meet is contraals with forcim countries, Luang Vichit Valakarn. Minister of Commerce,

1oddy. The Government he Binding It added,

Was inleul to meet rice con- tracis affecting India and British territories.

рет

The 100.000 tons missible would be in addition 10 the export quotas fixed by the Gov- crnment which include 160,000 tons for India and 295,000 fony for British territories-Kleuter,

Views On Newsprint Shortage

U.S. CRITICISM

Serious Competition Being Experienced From Germany

London.

Expansion in Commonwealth trade which was a feature of 1950 cort- tinued during the first-half of last year.

During the January-June period Common- currencies which enter so much into the surpluses and duilelts of wealth exports amounted in value to £4222 million their balances of payments.

Germany is joined by an increase of about 47 per cent over exports

countries which, posacasing n recorded in the first six months of 1950, and ships of their own in September almost equal in value to total exports for the year 1080, had by mid-1951 acquired over 2,000,000 tons of shipping another 500,- 1948 (£4,348 million).

of their own,

with 000 tons under construction.

TOKEN IMPORTS wern has

It already been announced that the Token

Import Scheme for imports from Canada and the U.S.A. will continue in 1962 "at a reduced level." The Board of states that imports

in

countries.

-VAN, HEUTEN“. “STRAAT SOENDA FCR. **BOISSEFERO" - "THWANGr

"TJIPANAS" #TABMAN -“TJIPONYOK"

-TJADANE“

**TJILUWAIC" "BOISSEVAIN"

*STRAAT

MAKASSAN” "TJIKAMPEK"

"TJIWANGI"

HUAN HEUTERİ

INTEROCHE

TEROCEAN

MAILINGS

Pago 9

Djakarta, Semarang. Surabala 4: Alataustr

Africa

Sinzabora

N.

Kingapore, Penang & Halawan Bell

2nd

Mar, G Max. Ti Mar. 7th

Mlar. tha

Mar. 16th

Star. 2131

Japen Japan

Bingapore,.

stanka,

Mar. 20th Mar. 27th

Apr, 2nd

ENTRÆNT SOENDA” APP. 1418

"TFILUWARE"

*TJIDOD4B"

"STRAAT

jakarta.. Tabor.

Sarabala Mlnesssar

marang,

Kingapore, Mauritius, 2, 8. Africa

8. America:

Singapore, Djakarta,

Kemaraus,

Kurabila a Minerssar Manila, Bingapore, Minicitius, E. & 8.

Africa 5. America

Japatt

Djakarta, Trcban,

Burakala de Macassar

Semarang,

Singapore. Makit Geoarang,

durabila M. MacKásár

Bingapore, Penang & Belawan Disil Mañtia, Shigsporë, & B. Afrika Singapore Djakarta,

Búzabalu & Macauíaz

Apr. 7th

Apr. reth

Apr. 17th

Djakarta.

May

May 2nd

May 7th

May 16t

Tjirebon,

Burabala of Macassar

Semarang,

Singapore, Funny & Belawan Doll Singapore

Jakarta,

Marabula & MacrAIDE- Alandia, Singapure, Mauriilor, E. de 8,

Africa & 8. America

Djakarta, Trebon. Semarang,

surabala de Macasser Singapore.

Bakarta, Nurabila & Macakikr

Secara

Stanlia, singapore, Mauritius.

EAS. Afries & B. America -Kingapore, Penang & Belawan Dell

Muntak, Singapore,

Djakarta. Semarang, Bucabala * Macassar

From

14

**TROKAN** **SIWANGE

MAKASSAIL" "TJIPONDAK" "TJILUWALP

“TROELBERG"

May 20th

"VAN HEUTB2" "TJIWANGI"

May 25th

June Ind

ARRIVALS

“BTRAAT SOENDA” Feb. 22th VAN DEU782"

JIWANGE

5. Amorles, B.

Feb. 27th

Feb. 28th

Mar. 13th

**STRAAT

Mar. 22nd

MAKASSAR”

This increase in the valus of, in the favourable balances of exports, states the Board of many other Trade Journal, was due mainly insufficient to outweigh this do- to the rise in commodity prices terloration, which was Intensifed during the FRENCH ECONOMY

The further cuts in our im- Arst quarter of 1951, and which

from

the dollar arcas Trade now enhanced the value of exports ports frem alt Commonwealth chiefly, which Mr H.A. Butler, under the scheme will be per- terciuries in the first half of the Chancellor of the Exchequer, has mitted up

to 30 per cent by with the made have

been followed-as compared

at cach manufacturer' value 1950 In samg period

other: I was anticipated -

by

annual pre-war exports to the degrees varying from about 17 countries, France especially. The UK. (based on the years 1930- per cent (£5 million) in the case long recent Parliamentary crisis 98). Last year the quota was 40

191598). of British Borneo to 188 per cent in that country precipitated a per cent. The list of goods (£202 million) In the case of Anancial crisis which had been covered by the schemo Malaya,

threatening for several months. unchanged.

The Token Import Scheme is Now France is to reduce imports from the U.S.A. and with the intended to assist U.S. and

Payments European

Union Canadian exporters to maintain a limited volume of trade In France

hus + protected certain of their traditional ex- economy; wages are high and the ports to the United Kingdom, need to export forced on in which wc cannot at present dation creating a vicious upward afford to import more freely. spiral of wages, prices and again wages. The National Assembly ia

the details of a discussing

al. wage scale" basis

Notable Increases were record ed in the case of Pakistan (125 per cent), Hongkong (07 per cent), West Africa (83 per cent), Scuth Africa (80 per cent), Eos! Afrien (82 per cent), Ceylon (1 per cent).

WOOL PRICES

was

from

also

and

countries.

sdits. It recently rescued i

remains

HONGKONG

SHARE

MARKET

"TJILUWAR*

Africa,

|- Burabala & Manila

Kingapara

Pinang. Belawan Doll & Singapore

Macassar, Surabai, Semarang,

jakaria & Singapore

Macassar. Burabala..». Bumarang,

8,

Djakarta & Blagapore

America,

& * Africa, Mauritius, Singapore & Manila,

General Agents,

HOLLAND EAST ASIA LINE

"OVERIJSEL"

SAILINGS TO EURÓPE

"OOOOKERK"

ARENDSKERK"

Mar. Apr.

Tth

"KIELDRECHT"

May

Tth

"AAGTEKENK"

Jurie

་་་'|

July

Ith

SAILING FROM EUROPE

Salin Rotterdam

Artiyer Hongkong

"ARENDSKERK"

Sailed Jan. 'lat

hlar.

AL

"KIELDRECHT"

Afar.

5th

Apr.

10th

"AAGTEKERK"

Apr.

5th

Any

10th

May

2nd

Juge

TIN

May

28th

July.

4th

D

"OVERIJSEL" "GOCKENK"

KINGS

The continued rise In woor Washington, Feb, 20.

responsibic House prices was largely Members of the

Sub-Committee for the increase in the value or Commerce

which, the shipbuilding and ancillery exports from Australia the investigating

news at £473.8 million in the first-industries from mass unemploy print shortage in the half of 1951 were

60 per centment by the creation of a fund, United States, said there higher than that recorded during voted

to meet the annually, -would be no justification for the corresponding period in 1950; difference between the high cost the same factor was largely reof ship construction and repairs Cana-sibl further increases in

sponsible for

the increase of in France and of that prevail- dian newsprint prices,

approximately 22 per cent in the ing in shipyards abroad. value of exports from New In contrast to the shipbuild (From Our Correspondent) They voiced their views after

Zealand during the same period. Ing industry of Britain-wo pre Mr Noel Macy, Chief of the

The

increase of about 186 per building for export as well as Hotels, China Lights (Old) and National Production Authority's cent in the value of exports from for our own needs-French ship- Yangtzzes were a feature of this printing and publishing division, Malaya was due mainly to large yards were reaching the standstill morning's trading on the Stock unic. that he had heard un-r

increases in the prices of tin and stage. What was the situation in Exchange. Total business PENINSULAR confirmed rumours of a possible rubber; the increased price of shipbuilding was reflected in amounted to $821,040, Noon new incresss in Canadian price. rubber

quotations partly other industries.

and the morning's The United States depends on

news-responsible for increases in the To be viable, France perfolue transactions Canada for most of its

value of Ceylan's exports.

hus reduced her imports, par-amARES' BUYERS"seĹlens gales

BANKS print.

ticularly from Germany, whose HK Bank .. 1800 1335 Increases in the price of manti freedom from excessive rearma= INSURANCES Representative Lindley Beck-

Canton Chair-factured goods were much less.

has provided a ment measures warth, Sub-Committee

that another marked than those of primary spur to her exports which sho prutested 2/2011,

ice increase would have a very commodities, a fact reflected in might otherwise not enjoy. An on thid on sh

small US. the smaller percentage increase American commentary serious effect

has

that Buggested in the value of exports from situation

TRY at this time.

per

present financial and mentative James Dolliver the United Kingdom (23

France's

the said. There has been no testi- cent) and from Canada 120 per economic crisis is, in fact,

direct result of Germany's pro- muny before this Sub-Commit-cent).

Wages in Germany arg tee that would justify a further

In general there was an price increase."

week, 50 hours of Mr Macy said there has beencrease in the volume of exports good; but the German workman LAND, ETC.

gives, per months of last consistent work, undenied over- a temporary easing of the US. In the first six

compared with the time with double jor even treate sheringe. The shortage could year

this corresponding period in 1950, shifts That effort has all told became cute again later.

favour of Germany: it tell

will year or next. he said, and fore-particularly in the case of India, cas: that world demand will ex-Ceylon and the United Kingdom, still more unless Byltain and esd supplies for years to come.although compared with the France realise that the one care second half of 1950 there was today for economie 11s is hard -Unit Press.

exemplified little evidence of any increase in work, so

so typuniversal creditor, volume.

Denmark

France

West Germany

Hallona

108 1458 0023-9/18 4.20

2430

as

Epot tin, sellers

Italy

Norway

.1403

Three-months, tin, buyers

Portugal

Business done at

9:00 0934

9930 Three-months Un, sellors D62

900-102114

Bealn

2003

Sattlement

Sweden

07305

Lunited Press.

Switzerland

MIDDLE EAST

Egypt

3.0012

Tran

03123

Trag

201

Turkey

6375

LATIN AMERICA

Argentine

0720

0500

0113

Brazil

Holivia

Chile - Columbia. Cuba [Mexicó

Ponti

Uruguay Venezueda FAR EAST

India)

Pakintare:

Hongkong Indonesia Bingepare Jadan::

4205 100

New York Sugar.

Futures

New York, Feb. 28, Domestic sugur, futures No. closed ainchariged to, 3 lower. March

4.17 nominal 837 bid 0.50-00

| July

November

September

·0.69 bid World sugar futures No, closed unchanged to 4 lower,. March

4.36 nominat May Salember November 360 yen to USSI “United“ P. 45 Associated Pres.

4.30

4.00

4.30 asked

(normigalathe

NEW MILLS

Washington, Feb. 20. The Defence Production Ad- ministration today approved the building of three new

t

by the world's the United States,

INDIVIDUAL FIGURES

Before the Second World War was a fertile multi- Total imports of the Common- South America million dollar paper mills which wealth in the first half of 1851 feld for German trade, both ex-

that field

the during will increase this country's out-are estimated at £4,594 million, port and import. German pro-

of. 21,514 press in

months

becu put of newsprint by more thane.i.f., an increase

million (40 per cent) compared past 18 20 per cent,

construction of the projects.- Associated Press,

Cotton Prices

by

har

250

750 760

SHEPING

Asla Nay... 1,70 1.83 5865 A 1.775 DOCKS, ETC. K. Wharf

N Pt. Whart Bock Provident

Shri Dock Wheelack

NK Hotel

104 7 120 15.0

B000 1.00

145 100-14.30

14 5800 43%

8.30 0.40 1033 v 4.20

2000 2000 1000!

1000

QUIS NOS

SEPARABIT

& ORIENTAL -

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN"

DAU SAILS:

500 d

2000 BJ

03 300 (-63!4

HK Land.. 65%

S'hai Land

1.70 Humplireys / 14.20 143% 2000 g 14.30 UTILITIES

Tram

18.10

Star Ferry.. 112 110 100 100

113

C. Light (0) 0.76 0.30 290-

0 до

2500

BAKI

500

*

1000 2

G 514 vi C. Light (N) . Electric... 23.10

2009 23.13 Elco. Bou)114 17% 2000 ♫ 17% Telephone INDUSTRIALS

NOTICE TO PASSENGERS

BAGGAGE:

SPECIAL NOTE:

20.13 EMBARKATION:

Balt

Ropa. STONES, ETC."

Dairy

2516

Watson XD

Crawford COTTONS MISCELLANEOUS

Yangtze

300 17.8U) $100 Er 17

2013 100

2000 28 $51% 1000

414

234

The agency issued certificates with the period January-June, phenomenal. In 100 Germany's nt necessity which provide for 1850. Imports of the independent trade with Latin America was

valued at $27.1 million; in Federal tax benefits-la ald the members of the Commonwealth Orst half of 1950 It was "we Cement 17.40 1734 2000 17.Tu

Including Southern Rhodesia, Increused

1,182 millionlon, and in the second it was!

firat million. In the whilst im= (about 47 per cents,

it had increased to of last year, trust of parts of the Colonies, territories, &c. increased by $181.6 million. Her exports were £288 million (about 59 per cent). diversified, including motuly and Increases in imports into the their manufactures, machinery..

ent,chemicals, tex

vehicles, all textiles, United Kingdom (45 per cent,,

her ́access Ceylon (37 per cent), Australia combining to give (38 per cent), Southern Rhodesia markets which will give repoût when the (44 per cent) and New Zealand orders at a timo

countries (10

werd below the U.9.A. and European per cent) New York, Feb. 20.

percentage average

have emerged from the increasing stages to the fun pro registered shown by

Independent The outstanding Induction stages of the wasteful moderate gains on trade buying membe and short covering. Gains ex-crease In Imports into Colonial rearmaments.

territories was that of Malaya, tonded to more than $1.50

Record Gains

Cotton futures

the

123

ro-

rc-

מאהב

3:15 3.20 800 2 320

CTE VAL

2503

1000

1500

SATURDAY the 23rd February at 12.00 Noon for the UNITED KING- DOM vin Straita, Colombo, Bombny, Aden and Port Said.

P

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

22nd the February, 1952.

With the exception of hand packages 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 SATURDAY the 23rd February between 9.80 a.m. and 11.00 a.m.

DECLINE IN

The Rubber WALL ST.

Markets

March

*

BILATERAL PACTS Driven, after the war, into a hale before the market reacted where an increase

per and cent (£160 million) was record-position of economic isolation, partially on profit-taking

to resort to hedging Covering in nearbyed. In the case

of all other Germany had

Singapore, Feb. 20. and

par bilateral agreements for her switching from Colonial territories the March

Prices of individual

rubber. futures with the Marel to later months

Was

centage increase in importa was

The success of these closed today as follows: dominant as traders anticipated less than the average.

the period Number 1 rubber, per lb, first notice day for March con-

April Whilst the increase in the value Janitary-October, 1951 and 1930, tracts next Monday,

of imports was due, in part, tots shown in German marks.

1030 Number a rubber, 1951 The Census Bureau reported higher price, there wore also in

Barch...... (in miillon of markets) Number 3 rubber. cotton consumption for January creases in the volume of Importa

201

73 aix Argentina running bales tatulled 922,659

compared with the first

360 ... 105 baled which was about 47,500

73 better than trade expretations months of 1980

w.ot Stocks of raw cotton

March May

July

40.07

3937-01

$8.00

36.64-

34.50

·

Brazil

Chile

100

·116

.20

May

BETCH Number 4 rubber,·

Marcis

New York, Feb. 20:

A selling wave hit the stock market today for the second straight session.

Selling Flurry In Chicago

Chicago, Feb. 20.

American Telephone nounced a new financing plan at

A selling flurry in the last 15 about the same time the decline minutes knocked over a grain started and lost more than 2

market which had been pretty points at the worst part of the steady for most of the session

17-117-15

21334-E14-15

alp

1111-112-15

................................... 18745-10-15 Boot rubber, unbøled - 117-12704 March crape. *** 81.03

No. 1 pale crepe ... 137-144

United Press.

LONDON MARKET

.

London, Feb. 20. Prices of tubber futures closed today as follows Number 1 rubber, in cente, Plan

Der

3412-41 3312-34-12 336

Putinited.

On balance, the increase in the Colombia Feb. 2. were 501,005. bales un value of Commonwealth imports Cuba der stocks on the same date a in the first half of 1851 exceeded Mexico year

ago. Futures closed 40 the Increase in the value of ex-Feru..

trade Uruguay cents to $1.55 higher than the ports, and the adverse

balance (measuring Imports o.i.f, SHIPPING PROBLEM previous close.

THIS Ta transport and exports 1.0.b.) went up

trade, from £217 million in the period Germany needs shipping under

Арн January-June, 1950, to £378 her own finger***

BLY million in the

Since the war Germany has June corresponding

foreign | April/June 36.10 nominst period. in 1991. An increase of pald, colossal abins in

$530 million in the adverse currencies to foreign shipowners, July/September

October/December. Salance of the United Kingdon SH H by purchañer, „ant- and the emergence of an adverse compruetan, rated her merchant million in the feet to ever one million tena Balance of

of £114

budding toangn Exchange Rates case of Canada were the main on the factors contributing to the in feybriably, chieny for her,

October December March May

Associated Pres NEW ORLEANS MARRET

New Orleans, Feb. 20. Cotton futures, closed, 45 cents

quotations were

·

this scrise....aho. is nations which

'10" 21.30. n kale higher, Closing of the Adverso trade any those Hcided to po morning at the following rate:

March May July

Decemidor, yarm

Spot cotton closes higher..

Midaling

sociate).Presi

40,077

39.50-53

halance 91%

of the Commonwealth,

adverse Balances

A hosted andiSouth

35.87-04 of South

Rhodesia word siso higher,

musiness was done in the local unofficial exchange. market TESO, HAVE sexhduitlas and less on 117.Bredollar (par 31 "foresity: khĺpowtūra: for the Starting note (për EU

transport of their imports and Indonesid fullders (per 100)

Hamitical (ber 100):· and exports and to conserve. by shioa Singapore (Straits)

Towing the"|| VIC" "plastres (per 100) Pakistan, and «artialler : increases i under, their

1.24 a bald | Increases in the Ph fapor

balances at Australia

Just before the close scatter-on the Board of Trade.

The selling hit soybeans hard- ed buying helped, to stem the cat, the March contract tumbling

few plus drop and brought a

more than three cents. tigns to the list.

Losses

Loses were from 1 to beyond in other pits were not large. The selling movement, however, 3 points in active areas of the maricet. Gains were scattered was a quick reversal of price trends. Immediately prior to it, small And

wheat had forged up nearly a expanded rapidly as

cent. total came prices fell, and the to an estimated 1,800,000 shares, Wheat the heaviest of the past three March weeks,

258.40. September

September.. November

2.0014-2 2,00 -80%

2.774-4 2,724

2.8534

Tow, Jenes averages: Industrials Ralls Utilities

03,00 40.12.

-----Associated Press:

May July

December

Soybeans March May July

$3.55%-34

253

2.40%

2,474

2.51

JAPANESE BONDS

London Teb..

March..

March

7036

May

1.08

Consols

alted Pres

tod" Probs