ROYAL INTEROCEAN
TILLUWAH"
MAKABIAR" TEOELDERO" "TJLUWAR*
Shgapore, Dinkarta & Kelawan Doll
NINEARER & East Africa
Mania, Singapure, Mombasa,
Marques & 8. Africa
Djākarta, Titebon, Bomarang,
Surabata & Blacassar
Singapore, Bijakaria, ŠOKIRTANE.
Hurabain & Placassar Singapore. L'ening & Delawan De Singapore,
jakaria, Semarang,
burabila Machine
Djakarta, Turebon. Bemarang,
hurubals & Mar Mania, Singapore, Maurius, 8, Africa
8. America
Kingapore, Djakarta,
Furabals & Macr
Semarang.
*Djakarta, Jirebon, Semarang,
Bagabala & Macassar.
LINES
SAILING B
To
"STRAAT
Apr.
4th
МАКЛЯЗАД"
· Japan
"RABTWAYS
ART.
7412
"VAN BEUTSZ"
Apr.
atla
"TRAAT SOENDA" Apr.
Bil
TASMAN
Apr,
TJIBODAS"
111 Apr. 13011
Jayan
Apr. - Jútt
TASMAN
Apr.
ปร
**TJRWANGP
May
20
"TJIPOND DIS"
May
"BTRAAT
May
94
J May $3036
Jayan
May 16th
"TJIKAMPEK"
May 27th
May 271
Japan
Juho
2nd
Mgapore.
Kukabala & Alacassar
Junc
L11
Manila,
5. Africa
America
Jun 13
June 16th
"TJANAS"
"THWANGI"
fune 17th July
Japan
2nd
"VAN LOTSZ
PANAS"
July TEL
ajzn
July
8th
"TJITONDOK"
"RUY"
July
July
Bth
V} }}
13.
"YJILUWAH"
July 167
ARRIVALS
"TASMAN"
*TJILUWAB"
«CHWANGI"
"EASTWAY"
Apr. 10th
Apr. 13th
Apr. 28th Apr. 30th
"RUYA" "TJIWANGI"
"TEGELDERO"
"TJIBODAR"
"TJLUWAR"
Djakarta Bemarans,
Mauritius,
Ujakarta, Tjirebon, Semarang,
Surabala & Mucninar "
Skugapore, Djakarta, Semarang,
hurabala & Macassar
Singapore, Djakarta,
Surabala & Macassur
+
Semarang,
Stania, Singapore, Penang. &
E. & S. Africa
Titelion, Semarang, Sarabala & Macassar Manila, Singapory, Mauritius, S. Afeka
Amerka
1724karta, Seinärane, Stugapore.
Suzabala & Marassar
From
Penang. Telawan Dell, Palembang,
Jakarta & Singapúra Staraar. Surabala,
Djakarta & Singapore Singapore, Ijakarta,
Semarang,
Semarang, Surabala 4: Stackar Njakarta, Belawan Deli & Shipgapore
General Agents,
HOLLAND EAST ASIA LINE
VAILINGS-TO-BUKOER
"ABENDSKERK" "
Agr.
Bu
"KIELDRECHT"
Atay
"AAGTEKERK"
Jube
7th
BLITAR
July
7101
BAILING FROM EUROPE
Kalla Rotterdam
"KIELDRECHT
Salled Mac.
"AAGTEKENK"
Apr.
"BLITAR"
May
2nd
"HOOGKERK"
Alay
28th
July
July
2nd
Aug.
Apr. 2013: May 10th June
4th 7th
"ALENDSKERK"
KING
World
الاك
Arrives Hongkong
Allocations
Of Tungsten
Show An Increase
The
Washington, Apr. 2.
*Conference today International Materials boosted allocations of tungsten and molybdenum for the first six months of 1952 in view of the sharp production increases.
The Conference, which regulates the distribution of kev raw materials in the free world, today allocated 8.200 metric tons of tungsten and 9,605 metric tons of molybdenum for 25 producer and consumer countries.
Mot of was based
the tungsten, 3,840 The distribution
furmarked
The
on statistics showing that avail-ons, was
Lons
able tungsten increased 29 per United States, with 1,029
762 for Germany three months for Britain.
and 662 for France. and mulytinum 10 per cent.
eent in the last
Need For
Regular Discussions
On Trade
London, Apr. 2.
The United States was given nly all the 7.312 tons..
molybdenum--
The Conference at the same time set export-impart quotas on both metals.
The tungsten allocation for the first half of 1952 marks a over The substantial increase 6.045 tons distributed during the second half of 1951.
SLIGHTLY MORE
Molybdenum available during the Arst half of 1952 was slight-
The Prime Minister, Mr more than the 1,900 tons Winston Churchill, replying alterated during
a written question in six months of 1961. Parliament, has reallirmed
to
the
frequent
consultations on
financial matters.
F
Conference enld that .: need for holding of the 13 major producer and Commonwealth consumer nations on the Tungs-
and Atolybdenumm
Com- trade and len
mire approved the allocation
Juden, Spiła was the only coun-
THE CHINA MAIL, THURSDAY, APRIL 3, 1952.
Chancellor To
Report
London, Apr. 2..
The Chancellor of the Exchequer, Mr Richard Butter. will report to Parliament next
011
Monday balance of Britain's payments position, he raid Ju, t Parliamentary
reply
On the same day he ex- prels to make a brief state- ment 013 tho Sterling Area's
and dollar Hold position at the end of the first quarter.-Reuter,
Canberra Action Attacked
RESTRICTION. ON
EXCHANGE
M
World Textile Market MESSAGERIES Undergoes Permanent Change, States "Times"
AN UNAVOIDABLE TREND
London, Mar. 27.
Is the world market for textiles undergoing a permanent change to the detriment of the traditional exporting countries? Two British news- papers-the Times and the Manchester Guardian-believe it may be.
The new pattern of world trade presents a bleak picture, says the 'Guardian in an editorial today.
World demand for cotton textiles increases as population increases, but the more and more countries make and actual volume of imported textiles is falling as consume their own.
bo
2011-
HONGKONG
SHARE MARKET
(From Our Correspondentl
Business done on the Stock Exchange this morning WAS valued pit $425.850.60. Noon and the morning's quotations transactions:-
The volume of imported fox- "Perhaps the trend may tiles fell by more than a half unavoidable," the paper between 1014 and 1946, it says.rludes: "perhaps it is only thus Singapore, Apr. 2.
And the process goes on. India, that this country can make its once Lancashire's great market, living in the world. But mean- Malayan investment Australia has been practie is now a formidable exporter, while the industries manufac
Pakistan, since partition the turing consumer goods must not ally stopped as a result of. Pak
importer, is be
Only with largest potential
neglected.
the the Commonwealth's
now building up her own pro-atmost reluctance would
any. change restrictions policies, cuction, as is Burma. Other
her body resign himself to the idea in Latin
that the textile industries, much America, introduced last month, finan- countries cial circles here reported to-ence importers, are now on the the most important of them all,
10 were
play # seriously point of becoming exporters.
diminished part in the nation's day.
The Times confirms this view. When allowance has been future economy."-London Ex- made for the return of Japanese Press Service. and German competition, It
BRITISH RECESSION says, and for the development by many countries of their own
London, Apr. 2. industries, this country may The worldwide cotton crisis well not be able to supply as has brought a new recession in SHARES BUYERS BELLERS SALEN
Delivity to the large a portion of the world's productive
British spinning centres, nerds as formerly.
The present recession, it some economic experts insisted points out, might result in a that a general business slump is desirable transfer of labour to not in sight,
Mills in the Lancashire area the defence and engineering in- dustries. But the danger of an announced plans for holiday SHIPPING increasing
сл emphasis
shutdowns during Easter Week Industries must capital goods
work part-time And many, be recognised. In the long run those industries are bound to be weeks have been put into effect. At least 40 Bolton mills will the most vulnerable to econo- mie instability in the world at be closed during a part of next
week and 35 at Rochdale. large.
These sources were strongly critical of the Australian Government action
which, they said, had the effect of feezing outside Investments and pre- venting the free flow of moricy.
Withdrawals by Malayan in- normally were vestors, which very small,
could now only be made with the approval of the
·Commonwealth Bank, which was trenting cuch case "on
A leading financial scurse told Reuter today: "They have idled investment in Australia is far as we in Malaya are concerned."
quoted
A client wha intended In- Australia to 川 saying as
ui some. Nonse
switchel
vestment
from South Africa.
-----nake
Malan's policies but nol Canberra's Idiocy".
He said Malaya's investment was probably not large in the total overseas investment Australia, but it runs into mil-
lions of Pounds Sterling
has
been growing each year. This source said that
and
the
ratio of Mulayan money going into Australia to thal - Coming cul, had been anout ten to one. TW
because of this small droin, which is now practically frozen, investors Malayan
generally were shying away from Aus- tralia and putting their money elsewhere, Reuter.
TRADE FIGURES
Singapore, Apr. 2. with Malaya,
tavourable bade balance of S$22,500,000 In February, was able to cover up an adverse balance of $310- 000,000 she sustained January.
D
Statistics Just published put Malaya imports last month at
the
The Rubber
Markets
but BANKS
"
HK Banks
1300-1403 10 1400 East Asia.... 140
INSURANCES
Canton alon
240 240 25 & 733 ....1.2000 199
Asia Nav.
DOCKS, ETC.
K. Whart... N. Pt. Wharf dis Dock
JB 19.1 Provident XD Wheelock... 48),
"MAPLE HILI.”
"LAKE MICHIGAN"
"ZELIDJA"
"LA MARSEILLAISE" †BEAUVAIS"
Pago P
MARITIMES M
Arriving Leaving
Apr.. Apr. 24°
Apr. 20
Apr.
Aur.
1
Apr. 11
futward Far
Japan
Homeward For
N. Arlen & Kurobe Apr. 12 Marsefiles via Mariția, May N. Atelen & Europs
B
tfreight for Saigon, Alexandria, Tunis, Genon, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, "Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Notice.
CIE DES MESSágeries mariTIMES P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel, 26651 (3 lines).
山庄
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via 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.
LEXA MAERSK"
M.S. "LAURA MAERSK"
M.S. "LEISE MAERSK"
In Port Apr. 16
May 2
Apr. 19 Apr. 28
May
13
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN
1000 B0
600
18.30
300
100
600 4812 400进行预
Hotel XD 725 715 600
Pedder Building.
500 1000 @ 7.40
7.30
711
12 XD
LAND, ETC.
Mr HP.. Bardsley, Manches- ter Chamber of Commerce off- cla), said, however: "We must inok upon this as a serious recession and not yet as trade a slump."
Manchester traders hope for Cabinet action in temporarily lifting the purchase tax from UTILITIES all textille goods to absorb
A Singapore, Apr. 2.stocks left in warehouses by the
Australan cut in imports. Pricca of rubber futures closed today as follows:- Number 1 rubber, per lb,
1001- May
10733-32
June
July Number 2 rubber,
May Number 3 rubber,
MAY
Number rubber,
May
107-107-%
104%-105-15
101-102 Spot rubber unbaled...11035-211-15
70-76 Blanket crepa
No. 1 nule crepe ..... 130-135
United Press.
LONDON MARKET
London, Apr, 2.
futures Prices of rubber S$347,054,038 against $$370,- closed today as follows:-
Number 1 rubber, in pence 195,802 for exports.
Exports to Britain totalled S$74,008,180 and to the United States S$71,008,042. Imports f these two countries total- and S$10,873,- S$70,081,075
517, respectively,
Apart from Britain, Mulaya's chief imports
from In- were donesin
S$87,051,720, mostly rubber and spices; $$12,385,000 from China, mainly grain, silk and manufactured goods, and 557,569,550 from Hongkong.
Makiyan exports to Kussia were S$7,834,127, mostly rubber and gums Associated Press.
New York Stock
Exchange
New York, Apr. 2 Dow Jones averages at the end of the slock market session stoud as follows;-
por lb. May June
July/September
October/December January/March
31-32-32 3175-25 3016
-
28-20-15 -United Press.
Irregular
Advance
In Grains
Repercussions from the British cris's ex'ded to West- ern Europe and brought counter- Swedish from the measures. und Dutch textile industries.
The
•
"RIDICULOUS"
authoritative weekly, "The Economist" said: "If there textiles was no recession in
of a there would be no taik slump.
The tew men and women
who have lost their jobs in other consumer goods industries are almost balanced by *x- panding employment elsewhere,
"It is ridiculous to judge the stage of the economy by one Industry. There is nothing that ought to make anyone get into a panic,
"The overall employment at the past Ave years as yet re- mains almost undisturbed.
"The recession is worldwide. It means that the
very high prices of textile raw materials when supplies were short did their work in choking off con- sumer demand."-United Press,
HK Land XD 435 Humphreys.
Tram XD .. 10.10 15.30 1000 10
50915.10 100 Star Ferry XD
C. Light MOY &ID 8.30 5321-₫ 120 C. LIM (N1 520 500
2020 2013 15t Electric XD
Telephone... 1855
810
10.400
INDUSTRIALS
Cement XD .. 13
Dairy XD 1573 104 1079 € 15.00
STONES, ETC.
Watson ......
2114
Watson
(R)
1.76
1. Crawford
3
Sinceres
COTTONS
403 3.10
5300 4.220 2.20 MISCELLANEOUS
Yangtze 6.15.5.40 10,500
Kwo
$30
Easing Of
உ
Tel: Nos. 36066-9.
PATTISON ORIENT LINE
5.5.
LIMITED
“LAURE PATTISON"
Due From:
Japan,
In Port.
12-14 Queen's Road, Central.
Sails For: DIRECT Pusan & Japan, Apr. 6th.
Tel. 25346..
CHINESE AGENTS:
Rice Market OVERSEA CHINESE STEAMSHIP CO., LTD,
In Saigon
Saigon, Apr. 2. The Saigon-Chalon rice mar- has eased considerably ket since the announcement by the Cambodian authorities that 50,- CAINO DECISION · 000 tons of rice will shortly be
sent to the twin cities. Cairo, Apr. 2.
Trade circles are forecasting The Cabinet decided today to
a lifting of
of the dullness in this Chicago, Apr. 2.
has on market that speculation
prevalled open The improvement in the prohibit
markets carried the cotton market for amoun's since the beginning of the year. vegetable oil
kontors. A Prices, however, are not ex- grain futures irregularly, higher. exceeding 10,000 Wheat futures closed to draft law provides punishment pected to fall as foreign demand eager and the soybeans were un-up to five years' imprisomers for rice remains higher and
Vietnam Government intends to 4% higher. Prices for violation. changed to
The measure was designed to full its commitments to French closed today, as follows:-
restore normaley to the cotton Union countries. Wheat-prices per bushel
market and check illegitimate speculation-United Press.
the
s:cond
"
12
30 industrials
287.03
Apot
20 rails
03.03
May
15 utilities
49.66
July
2.5234 nominal 2.00- 2.4234-2.43
40 bonds
September
2.44%
December
-Uniied Press.
Cara
Spot
Pepper Market
May
1.243
July
1.08 -1.80%
September
December
Rye
May
July
Dals
857-86 May July
New York four-per 20 1b. Sack. $12.35.United Prea.
Mr W. Ross, Labour, askedry which reserved its decision. whether, In view of serious un-Spain is the major tungsten employment in Britain, urising producer.
directly out of decisions of governments,
Com
ominor wealth
Despite the improved supply
a Filuation, the Conference said, the Prime Minister with cull
defence world's conference to the fres Commonwealth
means
to quirements made it imperative member countries go ali out on conservation and substi
consider ways and combat this threat, to Britain's hal econciny.
The Prime Minister: "The tution. Commonwealth Finance Minis- The Conference announced ters, after their Conference in January, re-affirmed the need allocations among 12 countries for frequent and comprehensive of 725,000 metrile tons of cop- consultations between govern- second quarter of this year.
ments
Iew
per
distribution for
in the
New York, Apr. 2. The pepper market strength- ened after a weak sturl.
On shipment
positions, local resellera indicated March $1.10. April $1.00 and May DS cents a pound.
94 Buyers indicated cents a pound for June, shipment,
all on on cx-dock basis.- United New York Sugar
Press.
P.I. RESERVES
World
Futures
LITTLE INFLUENCE
French West Airlea
requires 5,000 to 8,000 tons a mon. and now building up an additional reserve of 20,000 tons.
is
A total of 3,000 tons should be shipped to Tahiti before July, requirements are and Ceylon'
increasing:
The Ceylon Charge d'Affaires
48, Bonham Strand, West, Tels. 26127, 31118 & 31119,
BENN LINE
1
FAST SERVICE TO UNITED KINGDOM AND CONTINENT
BY
New York, Apr. 2. Textile traders report that the break in the Japanese cot ton textile market has had little influence on the New York
talk market since
for American visits to the authorities In support prices
Penh and Saigon in m colton has caused a rise in the Pnom
and kept effort to increase shipments to price of new cotton
his country.-France-Presse. mill prices firm.
Although the volume of trad
was light, cotton goods prices here were virtually un- changed from last week.
S.S. "BENCRUACHAN"
of higher In Bangkok is making personal Loading Hongkong 11th and 12th April
ing
Japanese activity in the local market has been light lately with Japanese prices generally higher than American prices on United comparable
Prest.
-
LONDON TIN
MARKET
DIRECT FOR SINGAPORE
THENCE
HAVRE, LONDON AND HAMBURG.
London, Apr. 2. W.R. LOXLEY & CO., (CHINA) LTD.
Prices of in
borely werd
York Bulla
New York, Apr. 2. Manila, Apr. 2
sugar futures closed within the Common-
steady with tumover only 60 goods. today 2 to 5 higher with sales The Philippines had inter- wealth
the
Lons, Including 15 tons for cust on the problems of
The allocations: Argentina Sterling Arca.
national reserves of US$240,240, totalling 400 contracts.
Prices closed at the end of 2,050 metric tons, Australin 1,-
774 in February, 1932, the
Contract No. 8 closed 1 to 4.
the official morning session an "They sinted that steps would 270 tons Austria 2,300; Bel- be taken within the next
Central Bank disclosed yester- higher with sales 092 contracts.
follows- nium and Luxembourg 10,000;
Contract No. 4 (world) from time to time Canada months Brid
2,250: 30,000;
Chile
fold May reserves were: progress On
Cuba 50; Denmark 3,000; Exyp:
July US US$7,177,328; due from
September were 5 which
2,100; Formon taken and which
ware;
French lepositories US$230,902,335; US 30,000; 70; Africa 1,000; Germany 49.500, Government securities. US$1,- not true that serious un Greece 1,000; Indonesia 60; Ire-030,900; and foreign currency
10 review
1
tho then
day he
employment in Britain ho land 50 israel 100: Jona US$108,931, France Pressa.
cause.
arisen directly out of the de- 10,000; Korca 120; Mexico 3,400; cisions of oflier Commonwealth Netherlands 8,100; New Zeland governments or from any other 80; Norway 4,000; Pelisian 1,050, Peru 100: Portugal G00; Spala the textile Sweden 2.750; incuntry, however, causes, all Switzerland 6,200; Trieste 200; xiety, and will receive the ut- Turkey 1,450; South Africa: 4. most attention from Her 650; United Kingdom - 97,200; and Government.Lon-United States: 355,000 Majesty's don Express Service.
Uruguay 100-United Prezi.'
Copra Quotation
New York, Apr. 2. Copia was quoted at 5120 per suo to, oaked.
Coconut oil was quoted at 24 cents a pound, but rosciless price was 16 cent Tower, * Ualted Press.
Mex July
Spot
NEW YORK MARKET
New York; Apr, 2. Prices of cotton futures closed today as follows:-
4305 nominal 4193-41.04
4.41 bld
4.42 4.43 4.45
Epot
Contract No. 6
Kay
J
July
October
5.03 bid December 5.15
United Pres.
March (1053) Jub
JAPANESE BONDS NEW ORLEANS MARKET
37,00
1740
United Press.
Lordon, Apr. 2.
Spot.
AZ.15
May July
(4 of 1800)
December
| May".
"E" (019% of 1594
140
March (2053)
July
4)98-4200 4837-2009 17.04 45.85 STEO bia 30.04
TOSE.
•United Pro
Japanese bonds.
Spot On, tufers
030.
Spot in, sellers Bustoess done at Three-months 10. atlyden. 103
tin, seliers Three months Busintra "done ri Kelemest
-United Prest
Exchange Rates
done in the seal
· Business wai unadicial exchange market. this morning at the following rates; 1.8. dollar (per #1) fleriing note, (ver. 41) indonesia euiderm (der (20) Hamtlesis (pa: 100). Singapore (Buaite)
FIG pis-tros (per 100)
PRESS PHOTOGRAPHS
Tel. 34105 & 98710.
Copies of photographs taken by the South China Invites your support in helping to Morning Post, South China train the Hongkong citizens of Sunday Post-Herald, and to-morrow Bubcriptions should be sent to:-The Hon. Trenssirer" The China · Mail: Staff Photo-loy's and Girls Clubs Association Centre graphers are on vlow in War Memorial Wellere The Morning Post Building. Southern Playground, Wanchal
Por: further, Information please: ORDERS BOOKED.
telephons the Secretary (23015).
No comments yet.
Private notes are available after approval.