1952-04-15 — Page 1

China Mail 德臣西報 中國郵報 All

LANES

Singapore. Djakarta, POLYRTARE,

Kurabala & Marassar

Bingapore mjakarta,

Singapore, Penang & Peiwen 'Dau

Aatsaranga

Semarang,

Súrabpia & Macámar

Japan

ujakarta.

Surabain & Marasser

Manila, Kingapore, Maurious, 3. Africa

May sch May Fil

atav

MAKASBAR"

May

2201

LOLL

4. America

Japan

3lay 16th

HIDExpore, Bjakulac

Semarang,

surghals & Macassie

May 21st Mas 24th My 27th

JADAL

jakarta,

Semstang

1nate 2nd

Jazer

4111.

June

9th

June 13th

Jan 16

1nly

2nd

"TJIWANGI"

"TJIIANAS" "TEGELBENG"

"TODAS"

→TILLUWAIN

وانان

"THWANGP

TJITJALENGKA"

"VAN HEUTSZ"

July

drpati

*TIPANAS”

July

Mantia,

*TIPONDOK"

July Kita

Djakarta, Thirebon.

July

, Ametl

延いるが Tota

Japon

"TRAAT SOENDA“ Jois 15th

Japan

**THLUWAH"

Jut fet

*BOISSEVAIN"

buty

28111

"BUYS"

&

Semarang,

Japan

Titrebon,

Surabala & Macassar.

Ekart.c Stoga pote,

Burahala & MacaMART Japan Stantia.

SORINTABLE,

Singapore. Noticias, Africa &B. Ameina Djakarta, Tirabon

Surebala & Maraisar Singapore, Lijakarta,

Surnbála Marassar,

Jakarta. Singapore.

Nurabala & Macassar

Japan

Singapurr.

E. & 8. Attira

Burabola & Alxenssar

Nemarang,

Semarang,

Seu atang,

Mania, Singapure, Mauvais. 8. Africk

Singapore. Bjakarta.

Súrábala & Macassar

Japan

ARRIVALS

Singapore,

From

Surabala & Macassar

3. Amerlea, S. Africa, Mauritius,

Singapore & Djakarta

Djakaria, Bolawan Dan & Singapore

General Agents,

HOLLAND EAST ASIA LINE

“VAN HEUTEZ"

STJIWANGF

"TEGELDERQ"

"EASTWAY"

Apr. 281

Apr. 301h

May

25XACTIKEEK

jakarta,

Sematang,

Semarang,

SIGARES BUYERS SELLERS SALES BANKS

HK Bak

137S

El INSURANCES

Asia

145

SAILINGS TO EUROPE

"KIELDRECHT"

7.12

HK

30

EGAT

SHIPPING

"BLITARTM

MAY

Zuly

"1000KERK"

Aug

721

Aula Nav.

1.05.

3000 6.70

DUCKS, ETC

SAILING FROM EUROPE

Sails Rollerdam

Arrives Hongkong

4019

1000

10

"KIELDAKCHT"

Hailed Mat

April

b

S

"AAGTEKERK"

Bth

1-1024

13 113

415

↑ "BLITAEN

May, Zod

Jupe

1th

3.80 3000

7.83

"HOOGKEREH

MAY

28th

July

th

"ABEND KERX“

July

2nd

Aug.

Ith

500

7.85

3:319 wr

7.00

1000

2.73

TO 28017

FLS $1/967231

K. Whart XD

BU

NFL Wharf 0.13 Dock

rovidial X Wheelock... LAND. ETC

HK Hotel XD 7.00

HK Lnd XD $2

S'hai Lond. 135 UTILITIES

Tram XD ..15%

: כשל !

14.300

42

13,40 2000. 10.73 300 9.55

30021.

fall.

Train (0) Tram (20) 139 Star Ferry XD for

8.30 01 500 w

c. Light (N) 8.30 Electric XD. 214 215

1000 t

3.25 0.30

5032022

900 a 2500

Telephant XD 14.00 INDUSTRIALS

Cement XD, 14,60

55

15 2000 or 149

14.05

Rope XD STORES, ETC. Dalty XD

17

1634

1600

23

22

The demand for loud Is loan and coal seams are all thin and poen falling in the past Law!

largely dipped.

weeks. It is difficult to predict Japanese mining engineers the duration of this slackness have decided to stop slantwise in the market since it depends opening of pits and to sit mainly on the progress of in- shafts Instead, as is being done industrial activity in the United Germany.

States.

But International Fund men still indicated that they thought that Britain might ask for a loan as rueans of stem- ming the adverse balance of full payments and the heavy in her gold and dollar reserves. The Australian transaction will be called 1 "purchase" she will "buy" the dollars with Sterling, and then, at the end back of the agreed term, buy the Sterling with dollars.

Although in the Fund's jargon this is referred to as a "pur- chase,"

se," rales of interest are in- volved, as in normal borrowing transactions.

a

These will be calculated on

rather complicated sliding reale, ranging from one half of one per cent upwards to 3 per cent.-London Express Ser- vice.

Grain Prices

In Chicago

Chicago, Apr. 19. Wheat futures closed 3% to 5 lower and soybeans 31% to 4 lower. Wheat Price per bushel

2,494 nominal 2.4774-2.47

2.3405-

2.30%-

Coal operators are willing to buy practically all mining mag from Germany, not chinery America, since it is better for the German technique-Asso ciated Press.

Sharp Fall In

Cotton Market

Unexploited icad mines in the world are not as great 38 these for other metals. In the United States, in particular, does not seen that production can be greatly increased.

But high prices have caused lead to be replaces by icss rare metals, This Influences the present market and slows towards down any tendency rising prices.

The present price for zine is much higher than in pre-war times, but the use of this metal has been stimulated by the de- velopment of modern technl- ques in the galvano-plastic in-

New York, Apr. 14. Cotton futures closed today off 65 to 68 points. Losses Rdustry. inst reached $3.50 a bale, the sharpest setback of any session Josses 24, when slace Feb. ranged up to 76 points. Nearby May delivery dropped

below

Watson

Watson () 1. Crawford Sincere COTTONS

Dwo

Yamste

235

MISCELLANEOUS

4000 14ły

300

430 3.10

54 51 1000 5.30

Foreign Exchanges

Canada

In NY

.

New York. Apr. 14.

England-oficial

Imollicial

14

.... US$1.01

DIFFICULT FROBLEM

30-day tulues For the time being, the do

90-day futurex mand is limited. due to the

Australia shortage of sicer

and copper New Zealand and

restrictions

South Africa on its use,

Belgium These restrictions, however, Denmark are expected to soften shortly France

West Germany

The

ed to be greater.

The problem of

the 41-cent level to its lowest price since March 28.

The sharp upset was coupled and rutuum demand is expect-West with-seyoral influences.

of these foremost

were the of the favourable view more Korcan and international situa-4cult. The shortage of cop Portugnt tion generally; the easiness in Per is one of the greatest ob- Sweden other outside

commodity, biącles American Industry markets, especially graips: the to surmount. Supplies, dullness in the textile markets ever, are expected to become and the heavy holiday rains in greater during the second half and Central of this year. the North, Enat

today

World

is production creating but consumption expanding more rapidly

2.80.13/18

2.47 bid-

4,50 asked

2.801:

2.7542

2.241

2807

2,01

.01081 1433

22206-9/16

4.90

.20311

.1400

Italy

copper is

how-

Norway

Spain hpswitzerland

Egypi Iraq an

DIIDDLE EAST

2581

43125

-2.01

Turkey

$315

soet Nay July Beptember December

Toxan sections,

Prices

closed follows:

11- !

Is Argentina' and

LATIN AMERICA

Argitt

SIMIL

$500

the trade in copper is not ex-

Chile

Spot

13.00

1.87 nominal

Day July

40.95 40.35-49.07

October

37.10

December

36.70

Murch (1953)

30.09

38.30 bid

Columbla Cuba Mexico Pena

Uruguay Venezuela

2003

May

FAR EAST

July

-United Preto,

2030

11.20 40.92

22.0%

40.00-10.13H

Corn Spol with 140 drilling rigs.

May Sterling

July Nor is Canada the only Cun-

September spent pront-

Dereinber time because monwealth country in which in- for all is now

Bre dennitely tensive search are

Such being carried out.

a search

May higher than American prices.

places as for Bh Also included in the surplus is under way in

Kenya

Gold Const, 1 $144,000,000 receipts from the remove the open account areas. This $14 Nigeria, British Honduran, Bar- 800,000 is not actually cash but badoes, Papua and several parts Bures on the books. Open

of Australia--none of these business requires of account balancing of both way trade and regions as yet being oil pro

ducers. Yel a vast sum af sacks a surplus cannot be spent money has already been sink in

Brurce

either.

the quest. foreign Japan's

receipts

late belonce was in the red.

The

$2,408,000,000 Included $1,009,000,000 from the special procurement business on scientifle for the Korean war and U.S. forces In Japan as well as ouvenir sales to Alled soldiers in Japan.--Associated Press,

New York Stock

Exchange

New York, Apr. 14. Stock exchange prices showed

a marked downward. trond. fo-

กร

and

Oats

May

July

TASK CONTINUES In Papua, for instatice, no les than £8,000,000 has been spent exploration since 1038 and the tssic still continues. Again, In Nigerie, another company has spent some £1,500,- 000 to date on exploration work, and more money will be needed be determined it can before

whether all exists there in com-

morcial quantities.

д

It is expenditure of this nature -expenditure which represents.

Onancial risk with no assurance that this will be ultimately re- warded by the eventual discovery of all that underlines the negd

Jay, Dow Jones averages of of the oil industry for largo the end of the session slood as capital resources, why so much

follustriala

30

20 Rails

15 Utilities

40 Honda

It also explains s0 204.10 | of the industry's annual earnings. 92.18 must inevitably be ploughed 49.84 back into Añañeing fatyre opéra- 178.03❘tionshi

-London Express Service.

United Press.

2.40-2403%

1.0315-3 1.8475-12 1.701 1.7355-34

1,0334 4.9015

0216-2 10-501%

New York Hour-per 200 16. Sack,

$12.90 nerminal-Unlied Press.

New York Rubber Futures

|

NEW ORLEANS MARKET

pected to he free from restyle- tions this rear.

As for lead and zinc, copper prices in the free

markets have fallen noticeably,

Thi not

India the Pakistan an early end of

of Hongkong

Singapore

33.83 nem tendency, however, does

point the metal regulated by the in- ternational conference on

In Washington has matericis

countries 10 permitted most

their requirements

shortage. The distribution Indonesia

Spol

May

July

October

December

March (1053)

May

July

United Preu.

raw Japan

world prices.

Considering the present un- world certainty prevailing in markets, buyers are now un- any willing to biry copper at

for .con- Einual falling prices,

New York Sugar price. This accounts

Market

New York, Apr. 14. Prices of rubber futures closed today 30 to 30 points higher, with

New York, Apr. 14. from the palmary markets.

World sugar futures closed sellers reserved pending news

September

36.40 nominal to 8 lower with males totalling October November

104 contracts. December January (1093) February

March April May July.

34.00

53.70 nominal Contract No. 6 closed un 33.40 nominal 3310 nominal changed to lower with solen

totalling 244 contracts.

Copiraot No. 4 (world)

31.30. 350 nominat

33 20 31.00

United Press.

May

·JUM - Beptember November

*9.30 bld

4.30 4.21

425)

Spot

Contract No. 9

Copra Quotation

New York, Apr. 12.

At May Copma way quoted.. today $180 per short ton, nominal, July Coconut off was quoted at 8 September November.. cents a pound, asked-United.

Recent news from Chile

mentions the possibility of or. import tax of six cents

150 yen to USI United PreRS,

Exchange Rates

• Business was done in the laget

exchange

market

77111 uneficial mornier at the following ratezi-

0.437 | U.S. dollar (per 51).

1.1.8.3 Sterling nato (per £1) Indonesia guilders fur 100)*** Stem-ticals (per 1001 Singapore (Stratis)

Fc plastres (per 100)

KING'S BUILDING TE

BENYLINE

FAST SERVICE TO UNITED KINGDOM

AND CONTINENT

BY..

S.S. "BENCRUACHAN"

Loading Hongkong 18th and 19th April

DIRECT FOR SINGAPORE

THENCE

HAVRE, LONDON AND HAMBURG.

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

York Building.

Tel. 34165 & 38710..

PATTISON ORIENT LINE

LIMITED

s.s. “ADELANTO"

Loading From: Apr. 7th.

12-14 Queen's Road, Central.

Sails For:

DIRECT Apr. 16th.

Pasan

Tel. 25340.

CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP CO., LTD.

48, Bonham Strand, West, Tels. 26127, 81118 & 91119.

pound, on copper. If this lax Seeds And Oils SOAPY WATER

1

enforced, it will certainly cause a further fail in world.

France prices for copper. Presse.

NY Pepper Market

New York Apr. 16.

In the black pepper market,

New York. Apr. 14. Prices in the reeds and oils market closed unchanged with the following exceptiona

Peanut oil, per ib. F.O.. New York. 124-13 cents.

Peanuts, Virginia, Medium. 2214-4 cents-United Press.

For 1b. F.0.3. shipping palat,

Request To Banka

dealers placed spot malerial at between $1.05 and $1.00 a pound, Washington, Apr. 18.

The Controller at the Cur-! on a nominal posit. Afloats were Indiouted around $1.03 to rency Issued a call today for a 424 14 $1.04 pound and anforunt statement of the condition of all:

poaltions 82 $1.03 to $1.03 e national banks in the U.S. pound, all on an ex-decit basis the close of business on March

cociated Press. Jrited Preda,

a

15. GOOD FOR PLANTS:

USE BATH SURPLUS· ·

IN THE

GARDEN.

WATER

PRECIOUS

PRESS PHOTOGRAPHS

photographs

Copics of taken by the South China Morning Past, South China Sunday Post-Horald, and China Mail, Staff Photo- graphers are on view in the Morning Post Building,

ORDERS BOOKED

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.