1952-03-19 — Page 9

THE CHINA MAIL, WEDNESDAY, MARCH 19, 1952.

AN UNEMPLOYMENT BOGEY MESSAGERIES MARITIMES

ROYAL INTEROCEAN

"HOMSEVAIN"!

STJKÁMVER"

"TRAAT

**TJIWANGI"

-VAN CUTNZ"

MAXABBAR"

RAILINGS..

Mardia,

LINES

Singapore, Mauritium, 1. Africa & B. Anterica

Tilrebon, xutshals & Macassar

Bijakarta,

Surabaja lapastar

Kingapore out Africa

31ar. Biti Mar. 241h

Djakarta,

Apr. 2nd

Jopan

2 Apr.

App.

Apr. 2nd

5th

Kuigabert,

Ja51

bin

Apr. Joth

Apr 1GUI

Apr. 25th Ape, th

35 2nd

*TALMAN"

"STRAAT BURNHA" Apr.

"TJIHODAS”

TELWA!”

**TEGELBERG" "TAEMAN". "TJIWANGI"

TJIPONTOK"

"STRAAT

SLAKASNATE" TILLWA"

TAIKAMS' FL"*

"RLYS" "TJIWANGI"

TEGELBURG"

"TJKODAS"

*THLUWAI

May Mil

Ivy

May 16th.

May 27th

912

June 2nd

June 200-

June

*URTITWƏR

Aemarang.

Maria, Singaporo, & A. Attica

Stabala & MREAMST

Djakarta,

Tchon,.

Belaurans,

Singapore,

Diskarts.

Hemarang,

Surabala & Mincassar

Japan

Singapore. Penang Belawan Datt

Singapore,

Djakarta, Sumarang,

Surabala & Dinersing Djakaria,

Semarang,

surabala & Macassar Atanija, Singapore, Mauriíjmu, S. Africa

. America

Singapore, Jakarta. Hemaradt.

buirabska & Macasar Bjakarta, Tylrebun, Semarang,

Surabala & Macascar.

Зарап

Sinzapare,

tijakarta,

Surabala & Macassar

Manila, Singapore,

Homarane.

S. Africa N. America

Djakarta, Firebon, Semarang,

Surabalz & Mocaniar

Singapore, Jakarta,

Surabata & Macassar

Inge 13th

4

TJIWANGI". "THPANĀS”

June 18th

July 2nd

July

સામ

Manifu

E.

A

SOMTANK

Singapure. Djakarta. Samarang,

Sirabiin & Mäenssar

l'enang. Hingapore. 4. Africa

From

America, E. & S.

STRAAT

MARASSAIPS

ARRIVALS

Mar. 2:41

"TUWANGI"

TASMAN *TÍHLUWAR"

Mar. 20th

pr. 7th

Apr. 13th

H.

出

Attica,

Mauritius, Singapore & Manita.

MAKANKAP, Nurabala, Heinaran

Djakarta di Singapore Penang, Belawan Well, Palembang,

Jakarta & Singapore Alacassar.

Surabula, Djakarta & Kingapore,

General Agents,

HOLLAND EAST ASIA LINE

Japan Buyer Of Wool

Paris, Mar. 18. TH

Australian Radio today. quoted Kesso Telonka, who is at present purchasing wool In Austra-

on behalf of the Japan- ese company which suc- ceeded the Milteni trust, as saying that Japan would this year purchase 80130 550.000 bales of wool.

Mr Todonto said that Japan; last year bought In- 00,000 bater, Japan tended to buy 600,000 bales during the coming season. -France-Presse,

CHAMBER'S

STAND ON

SALES TAX

Manila, Mar. 18.

BEGINNING

ΤΟ

HAUNT BRITAIN

London, Mar, 18:

Highly-skilled workers are walking the streets of Britain in search of jobs though the nation's economy is geared to rearmament and defenco fuctories are short of men.

For the first time in 12 years, unemployment has reached a level where Government and trades unions are seriously worried.

At the moment it mainly affects textiles, furniture, tailoring, engineering and the motor car industry.

to

↓

By Unemployment statistics mir unemployed was 190,000.

had risen to ror lack of raw materiala, diver- September it sion of

scarce steel supplies to 217,000, by October to 203,000,

public rearmament, and

reby November to 290,000, by 302,000 and fusal to buy non-essential goods December at high prices. At the same by January to 378,000. Of the time many arms plants are un-Jarwary total, 117,000 had then been without work for more dermanned.

than, eight weeks, half of them women.

This paradoxical situation, In the midst of a society theoreti- cally bared on full employment

The Sociallat labour expert, Mr Alfred Robens, Labour last Labour Minister in the

The American Chamber of and working hard on arms com- Commerce of the Philippines toitments, is part of Britain's Government, warns that a mil- Semarang, day informed Congress that it critical unbalance of manpower. lon people may be out of jobs

end

The of 1952. was not opposed to continuance à man without a job in Lon-by the

don is no use to an undermanned | Government is more optimistic. of the 17 per cent sales tax on

it exemption aircraft factory in Birmingham-Reuter foreign exchange is made for remittances of capi-unless he agrees to go and ilve

SAILINGS TO EUROPE

"ARENDSKERK”

"KIELDRECIFT"

«Apr. May

Gib

"AANTEKERK"

Juno

7th

"BLATAR"

July

711

Salle

SAILING FROM EUROPE.

Itotterdam

Artiyas Hongkong

"KIELDRECHT"

Halled Mar.

5th

Apr.

10th

"AAGTEKERE"

Apr.

3th

May

10th

"BLITAB"

May

2nd

June

7th

"ROOCKERX"

May

2811

June 2nd

July AUR.

4th

"ARENDSKERK"

BUILDING

TELEPHONES) 28015 TO 28012

UGHT, ROAD, (ALLSTRUNNERY

Singapore Being Bypassed In Rubber Shipments

Singapore, Mar, 18.

Indonesia is bypassing Singapore in offering processed natural rubber to the markets of the world.

slab or The flow of unprocessed rubber unsmoked which keeps alive the remilling in- dustry in Singapore, is gradually drying up and threatening the industry with extinction.

than

Five of 11 major rubber miling factories have already closed. throwing therands out of jobs. The remaining six fac- tories, employing more 2,000, tre reported to be freed with a shortage of supplies,

Rubbermen here

the Say Indonesians have been tying to set up rubber smoking plants of their own to process unfinished rubber which is now exported 10 Singapore.

By an irony Singapore has been helping in this endeavour to became independent of itself. Thousands of rubber milling mochines have been shipped to Indonesia during the past year to equip new plants,

In

duties imposed by the Indonesian authorities ar other factors con-

the derlius tributing to imports.

Oletal figures show that rub- her impuris during January and February this year were 34.631 and 31,150 tons, respectively. The totals for the same months a year ngo were 61,944 and 50,402 tons. U.S. CONTROLS Malayan rubber traders, hop- of free int for a resumption trade in rubber with the United States, are discouraged by news of further U.S, contrul of the commodity.

Lewis and Peet, sharebrokers,

tal and profits..

there.

Faced with generi

a rising cost of Mr J. A. Farrish,

Stmulard. Vacuum living the index of pelees was manager of

his calculated as 100 in 1047; it was 132 in January), Brilons are postponing purchases they think they can do without.

શ

on. here. Di Company

before appear earing a second House committee

a pro poshi to extend the foreign ex-

New furniture and clothes are change tax, said the Chamber of

to be jettisonod in believes thal

the first Commerce.

budgets. Government should continue the attempt to trim

113 The tailoring trade this has relates to re- tax in so far as

to situation

which has mittances for purchases abroad

led

↑

of all articles except necessities made this industry recall pre- war times, when thousands of He added that exemptions should be made for remittances garment workers were out of which are for the purpose of jobs for years. sending, cut proms or return

Kapkal ta

home country. its

LONDON WORST_HIT

Two-Sided

Market

In

NY Cotton

New York, Mar. 18. The cotton market became a two-sided affair after a strong It opened firm. start today. dropped back in mid-session and then see-sawed toward the close with new crop months showing relative slendiness. Nearby This would presumably also At the end of January, the

May

today touched 41.10 cents apply to remittances by Ameri-Tailors and Garment Workers'

new high sinec CRISS of salaries

they receive Union found in a survey that per pound.

Feb. 8. while

stationed here, as the 27,000 of its members, men and

A few local technicians began Chamber had previously asked women, were idle. The number for exemption of this item. Arows each week. It was 40,000

The tax was adopted last year in 1039. and is due 10 expire

a

}

The Zaibatsu Back Again

Tokyo, Mar. 18. One of Japan's ` bingeai

enter wartine tradiog prises. the Mitabladi Trading Company, which was broken

the up by Occupation, caran together again today under other name.

S.XI

The new company, under the, name of the Fuji Trading Company, is com- posed of four companies into which the Mitsubishi Trading Company was dis-

solved.

A Japanese Government spokesman tald Reuter:

This

ro- amalgamation, though origlually barred CTATI by the Occupation, now be allowed in certain Casts

by the approved Finance Ministry."--Reu- ter.

HONGKONG

SHARE MARKET

(From Our Correspondent) lo wonder whether the rise is Business done on the Stock too rapid and too sudden and Exchange this morning amount- seme of them have, decided to ed to 9551,917.50. Noon quota- The bombshell fell on the

take profits. This coterie exons and the morning's trans- December. Presiden Elpidio

between k workshops Lallors

pected a further rise to around (actions:- Quirino has asked Congress to September and October last

the 41.50-cent level to attract

BANKS

HK Bank

་་

19 1445 |

the heaviest offerings in the SUARES BUYERS SELLERS SALES South.

Ring observers said outside East Aria 193 speculative talent draw away as prices pushed INSURANCES ahead for the third session in a

seemed to

Canton Union HX Fire

extend the tax for two more

year, when 19,000 workers were the revenues saying усата, dived are necessary to balanc- told there were no more suits

for them to sew. ing the Governmen.'s budget..

The recession has continued in The sales tax brought in about

of a determined price 84,000,000 peaos in Its first spite

but Americans slash by the big mass-producing given meri.h3

factories. Even with

Most of the demand, these TOW. a medium quality and cher foreigners have com garment plained that it is in effect on the cost of

professional operators and New dional tax on them, isso man's suit cut from £10 to £7, servers said, came from local

the shops are empty, Christmas Orleans interests.

The market opened up 8 to off sales, when prices foll still more, reported the worst

Beason for 4

and closed off 13 to up 14

closed as points. Prices

fol-LAND. ETC. years.

In London's Whitechapel, the lowe riverside East End and home 'of Spot thousands of small-time Jewish May July Journeymen tailors, the crisis October

airo December has hit hardest. It

clated Press,

Foreign Exchanges In NY

has

struck in Leeds and Mancheater March (1953) in the north.

105

DOCKS, ETC.

K. Wharf.

104 100 100 N. P. Whart Dock...... 10 17.10 1500 v 17

HK Horet XD 7,90

62000

7.00

1080 4 8

4000

ᄇ

1000 @ 1.03

1000

42.10 nominal

40.00

40.00

37,08

30.83-30.85

May

36.54

New York. Mar. 14.

US$1.00%

are working short-time,

In nearby Shoreditch scores ef furniture-making

July

38.09 nominal! United Press.

factories

some

NEW ORLEANS MARKET Spot only two or three days a week. May July Many have sacked men with

41.16 42.00

30.00-39.92 ·

October

December

Magel (1963) Mey

30.64 bid

Peak Tram

98.44 bld

July

Canada England-melal

+

unoficial

30-clay futures Bo-day futures

AUTEN New Zealand

South Africa

Belgium

France

2.39 bid/

2.35 arked years of experience.- 2.791 2,7015 2.241 2.80

,0028-9/10

2.08-3/18

Denmark

010015 .1455

West Germany

4.20

Holland Norway

2038

.1405

Portugal

TO

0205

Sweden

DRAS

1301

2.8012

03123. 2.01

-6375

.0725

.0500

0125

Iran

Spain in their weekly market report, Switzerland say the House of Representatives MIDDLE EAST

med Services Armed

Committee's Egypt Rubber, imported for remilling which comes Singapore,

of a bill to extend U.S. approve! In

Indonesian Government control of the mainly ficin

rubber lean

Turkey "strikes a blow, archipelago, has been falling us

a very solid

LATIN AMERICA much as 40 per cent during one, for Communiam and un-

Argentina rest in Southeast Acle."

Firozil recent months.

Ballvina here Rubbermen

Clic Colami general fall in price

say

the

The statement adds that al- high though. pelvate trading in rub. and

ber is to be resumed, natural Cuba rubber will not now be allowed Mexico to compete with synthetic-A3- Feru secinted Press.

First Indian

Dye Factory

In Operation

Bombay, Mar. 18.

Nchris Premier Jawaharlal opencil India's first large-scale

STEEL.AHORTAGE

Shortage of steel-Heltaln. Is the United Importing it from

States has led to short-tima work in Midlands engineering plants, though some are carry-

out ing

Defence Ministry orders.

Short-time has struck hard- In the motor industry est at

and Oxford steel diverted

36.09 bid United Press.

LONDON TIN

MARKET

Birmingham,

London, Mar, 18.

Coventry, with

. The tin market was steadier Tumover was 40 The Lantana, all for forward poskions, cashire cotton mills, now com-Pricce closed at the end of the

morning Russion peting against renewed Japan-official ese experts, have laid off thou- follows:-

Many mills pot tin, buyers sands of women,

Spot. Lin, sellers are working only, three days a business done at week,

10 tank production. Shipbuilding this morning. has also beer hit,

K Land XD S'hai Land Realty

UTILITIES

Tram XD

-(0) .......

40

1.60

21 2.00

7.90

3000 4 7.6

450047.03

10037.95 2000 2 8

13 15.25 4000

13

200 # 15.10

0800 6 15

24

Star Ferry XD 10136

C. Light (0) 8.50 1.50 3000 4 R1,

·00 B12 200 8,00 C. Light (N) 5.40 5.43 Flectrio XD 20.10 2015 1700 4. 2014 Telephone 154 16 3500 18 INDUSTRUALS

Cement XD

Rope XD STORES, ETC

Dairy

Watson

18

XD

23

L. Crawford

3512

COTTONS

Evo ........ MISCELLANEOUS

3.40

Yangisze... 4.95 5.00 15000 ú

D

M&M

Arriving Iraving

flstward For

"LA MARSEILLAISE”, Mar. 31-

"MAPLE HILL”.

Apr.

„Fokohama' & Kabe

Hameward For

**ZELIDJA"

APT.

Apr

5

N, Africa & Europe

"LA MARSEILLAISE” Apr. 31 "DEAUVAIS"

1 May

Apr. May

12 Marseilles via Manila

N. Africa & Kürops

† freight for Saigon, Alexandria, Tunis, Genoa, Marseilles, Alglers, Oran, Tangier, Casablanca, Havre," Dunkirk, Antwerp & Rotterdam,

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor) Tel. 26651 (8 lines).

MAERSK LINE

·FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VIR SAN FRANCISCO, LOS ANGELES AND PANAMA, NEXT SAILINGS

*M.S. "PETER MAERSK"

M.S. "NICOLINE MAERSK" M.S. "SALLY MAERSK"

**

Calling Vancouver.

ARRIVALS FROM U.S.A.

M.S. "SALLY MAERSK"

M.S. "OLUF MAERSK”

M.S. "LEXA MAERSK”.

2* Apr. Apr. 16 May 2

Mar. 25

Mar. 30

Apr. 17

For Freight and Further Particulars please upply to:-

-AGENTS:-

JEBSEN &

Pedder Building,

CO.

Tel: Nos, 26066-9.

BEND LINE

FAST "SERVICE TO UNITED KINGDOM AND CONTINENT

BY

S.S. "BENAVON"

Loading Hongkong 23rd March

DIRECT FOR SINGAPORE

THENCE

LIVERPOOL, GLASGOW, DUBLIN,

AND HULL.

ALSO ACCEPTS CARGO FOR PORT SUDAN.

W.R. LOXLEY & CO., (CHINA) LTD.

York Building.

PRESS

Tel. 34165 & 38710.

PETER MOK

Exchange Rates PHOTOGRAPHS HIM YICK HONG,

FS

077

017-977-

Three-months tin,

buyers Three-months tin.

Hers

GT7

07716 077-078 *7**

exchange

US dollar (per 812

Business was done in the forn Limonial

market morning at the following rates;

inda

0.78

Coples

of photographs

Bierling note (per £1)

15.03

*********United Press.

Indonesia gulidera (per 100)

Bam tea (per 100)

30.00 -1.75

taken by the South China

Generally, the urma factories zhort of men in these, ETC the cool

railway Busines done at fu mines, the workshops and agriculture Settlement nearly 230,000 more could be absorbed at fat pay

Uruguay Venezuela FAR EAST

India

21207

2050

.1750

rates

J201

'SINGAPORE · MARKET Prices of rubber futures closed | Pakistan today as follows:-

Number 1 rubber, per 15.

April

May Juno

110-113:4 10B22-10014

Number 2 rubber,

April Number

April

10712-103

rubber.

rubber,

Number

April Blankel crepe

Nu, 1 pale crepe

fongkong

Indencela Singapore Јарал

360 yen to US$1

United Prez

10194-103 New York Sugar

101

-102 412-11215

dyes and pharmaceuticals fac-spal rubber, undated tory-a joint Indo-American venture at Ferneri, 120 inlles from Bombay, today."

The sponsors

are the

Atul Produtts, foreign partner of the American Cynamide Company, one of the leading chemical eonecros in the United States.

10 -78 130 -137 United Press, NEW YORK MARKET

New York, Mar, 18, Rubber futures closed - today

unchanged to 55 points to 70

points higher, with sales totall- The factory production capa-ing 42 contracts, eity is 4,000,000 pounds of dyes September and 100,000 pounds of sulpha October

I also hopes November

drugs per year.

та

December

to produce the wonder drus January (1952) aurcomycin, with the holp

the Enderle laboratories,

of

February

March

May

An estimated 60,000 villagers April turned out to listen to Mr. Juno Nehru appealing for greater production.

Flo

anounced that India's

five-year plan will be ready in

a month or two,

59.20 n.

14.00 h.

47.30

93.05 1.

3.70

Futures

New York, Mar. 18. World sugar tulurea closed 10- day 4. lower to 1 higher with sales totalling 184 contracts.

to # Contract No. 6 closed higher with sales totalling 274 contracts.

Contract No. 1 (warld)

May July September

November Spoi

0210 1.

May Joly September

November

30.25 TI.

Spot

Press,

34-341

LONDON MARKET

London, Mar. 18, Prices

rubber futures Gl Earlier, Mr S. C. Moody, vide cirred today as follows:- president of the American Number 1 rubber,

in pance per, th. stated Cynamide

Company

Apill there was much hope for May further expansion of the tac June

and he complimented In Aprilluns

July/September dinchamisis trained in the detobe

United States United Presă,

Rory

ちゃりん

311-31

workers

programme New .In

The rearmament could eventually take over all the Idle tallors, furniture makers, mill girls and others now without work. The Scot- tish and South Wales plts would welcome men from any quar- ter: the National Coal hay even hired 1,000 miners to make up the power lag.

Bingapore (Straito)

FIC plastros (per 103)

19.10 Morning Post, South Chins

Currency NY Stock Exchange Sunday Post-Herald,

Burma

au-

Rangoon, Mar, 18. The Burma Currency Board Board in London, which la responsible Italian for the printing of Burmese man-notes and minting coins against 100 per cent Sterling back- Inz, is to be dissolved and its PRICE RECESSION

functions shortly, taken over by evenly the Union Bank of Burma, To spread manpower

The Act of Parliament throughout the country would thorising this step vests the mean moving people from ona Union Bank with the full powers area to another, and there is no of a central bank, provides for legal compulsion. They 128 bid

only be pariunded; and, local the decimalisation of the Bur- 40 nominal Labour Ministry oflctals, with mose rupee and empowers the Contract No.

whom the unemployed must re- gistor, do their best to get them to, uprost home and switch to rearmament Jobs Lucrative

rupes and the Pound Sterling elsewhere...

But men settled wilti families will be maintained at, the rate of dialike moving to strange cities, 1/Cd-Router,

hore they might have to live whore

4.05.

Bez bia

BAY

**Un)tad - Prena,

܂

Cob

Union Banic to issue a new cur-

New York, Mar. 19. Dow Jones averages at the end of the Stock Market sexion stood

follows

30 industrials

20 rails '16 utilities

40 bonds

264.18

90.17.1

50,08

181.71

United PreRS.......

DEECT

and

Chino Mall Staff Photo graphers are on view In the Morning Post Building.

ORDERS.. BOOKED

MAGAO MANUFACTURERS' REPRESENTATIVE Agent for

AUSTIN CARS

M.V. LEE HONG

China Mail Distributor

13 RUA V.P. ARCOS,

TEL. 565 Cables: Peter. Macao Agencies invited

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Fast Regular Trans-Pacific' Service

OVERLAND

rency against 25 per cent legal SAN FRANCISCO, LOS ANGELES

reservar.

The link between the Burma

NEW YORK CHICAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN

ETriks

Guam, Marinaa Islands, Micronealan Islands — Regulár. Bervice direct or with transhipment.

VERBO]

•WIND®

LIAM LUCKENBACH“.

Fronch Loan Request

Washington, Mar 18 for a time, in overcrowded JAPANESE BONDS WILLIAM LUORENÝACH" United States officials said to nen

Pytel London, Mar, 18. today that the Export-Import roughly followed the price re

unemployment crisis har

[11/ Bank may make a decision this

DEVA week on the Franch gover comion caused by rising prices | ment request for a $50,000,000 | ani (4 the, otdiversions of raw Loon to buy raw cotton" bers, materials to rearmament. It' has present coal of obtion happened mainly since last $200 per bale United Press. September. In June the total.

The

Japanese bondss

to A (in, of 1899) "

TEM (48, OF 10101

(8 of 1907)

118

120

Console 564 United Press

D (5 of 1934)

(620 of 1984).

'From

APSİYOL

San Francisco Mar

San Francisco

Apr.

salig

Mar. 231

Mar 240

Apr

wetti

Gap Trenpison · Me Los Angeles

San Francisco de Los Angeles,

For fall partienlare? cali · Exiled States Lines Ca.. Gèneral Agents, Queen's Quilling, Tel 28100,