1952-04-17 — Page 3

LINES

· Mjakarta) (Amaransang, Hurabala & Stacasar Hingapore, Penang & Dehiwan Dan Singapotu. Djakarta, bemarang,

Burabola & MAPESIRE

Djakaria,

Semarang,

sprobala & Masquar 27

Japan

Alanila, Singapore, Menziligi, A. Afrien

B. Aniarioa

Diskarta, ROMATEDE,

Aucabals & MacAllAr +

Зарад

Play, dina

May 24th

Japan Japan bjakarta,

MAY 29th

June

June

June 1

4/11

June 15th

네

Tjirebon,

Surabala & hizezetar. Singapore, Djakarta,

Mi surabala di Macassar

Japan

Manila,

Кериал

Bemarang.

Ringapore, Maurlifo

8. Africa 28. America Jakarta,

Tirebon, Semarang, surabale nincajest Bingsport, Djakaria, BAMBADE.

Burabata & Macunar singapore, Djakarta, Remarang.

"Aurantia & Mackwar

Japan

Singapore,

B. H. Africa

f'enak,

A

Djakarta, Tfirebon, Semarang,

Surabala & Alacasear

Manila, Singapore, Afauritius. 8. Afric=

S. America

Japan

July

July GIN

Japan

Juty 210

Jinly

Ath

ATAnita,

July

July

July 10

TJEN

Зархл

July 19

Singapore,

July 20

Apr. 28th

May

31h

MAY Jach Aay 1367

In a comment on the Aroblem well worth the concentration of “THWANOI"

"Westminster Bink our efforts. in the fac-

"It is not correct to say that Review," it is stated:- com"

Britain and Franco are heading "Present-day problems of infor bankruptcy they flation

This differ considerably in bankrupt.'

WCS staled

"RUYS" detalf, but the essence of the on March by a Chicago matter the adjustment of economist, Dr Melchlor Pelyi.

"VAN HEUTSZ” recently returned spending power to the quantity who

had

"STRAAT BOENDA" July of goods available, and the con- from G

of European "THLUWAH" survey Adence of the public in the markets, Dr Palyl went on

"UDISSEVAIN” currency-remains the same. observe: "This plight includes Today, deflation is with us. the rest of the sterling area as

number we look around well, plus for, wherever

of other the world, there is a situation countries such as the of "too much goods and too little tines.A gras

A grand total of some

TEGELDENG” money with which to purchase 720 million peoples are directly

"EASTWAY" them."

involved, and the crisis of in-

ander | "TILUWAH" balances tornational payment

more threatens to spread to

This situation is to countries. be the number one controlling factor in the world trade picture of 1052. It means, at any rate, tremendous pressure in American Dr Patyl added that

per cent of the palion's total production,-~ Associated Press.

N.Y. Foreign

Indeed, the world economic situation

could not be worse, and it might not be a bad thing for a little spice of inflation to

into be interjected

our body economic and of that of the rest Closing rate of the world, APPENDING ORGY

Exchange

2.007% 2.51 d

2.01 Esked

19.30

17.25

500 7

400

3

"

Rnolficial

COTTONS

EWD

2.70

550 a 2.35 152.75

30-day futures 5-day futures

2.7018

2,704

MISCELLANEOUS

Yangize... 5%

Australia ipound)

2,2413

2.807

In Port.. May

2

May 17

In Port

Apr. 28

May 18.

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN

Pedder Building.

BIF

Chicago Grain

Futures

Chileage, Apr. 10.

Wheat futures closed 11⁄2

1% higher lower to soybeans were 4 to 1% lower. Prices closed today as follows:- Wheat price per bushel

New Zealand pounds South Africa (pound) Belgium francs Danmark krene) France franci West

German Deuchemarit Helland Guilder)

Ainentine-incist

.

Wax

Argen-TJIWANGI"

MINIFTRAEF

was likely

to be substantially curtailed.

since

Europe was not definitely

desirous of participating on any such scale as planned in Washington.

jour Dur

*KIE

Jakarta,

Semarang,

Surabala & Macassar

Japan

ARRIVALS

Singapore.

From

Jakaria, Remarang, Burkbala & Macasar

H. America, B. Africa, Mauritiun,

Singapore, & Djskaria

ajakarin, Belawan Deli & Bingapore Macha

Surabain, BOHISTARE.

Djakārta & ́singapore

General Agents,

HOLLAND EAST ASIA LINE

GS-TO-EUROPEAMIS

CET*"*

"BOOKERK“

'AAG -BLIT

SAILING FROM EUROPE

Slace De Palyi chequer, ↑ «AAGTEKENR”

of the

The March summary of Atls- tralian conditions issued by the National Bank of Australis, Ltd, has this to say on the subject: "While deflation is measured in 0195

terms by declines in the Chancellor .1455

economic a28-6/14 volume of money. its common Mr R. A. Butler, has announced symptom in tratie is a dampen-his Budget for the coming your,

could profitably ing of demand." After the orgy Dr Paly

read of spending, resulting from the of the immediate and unexpected 1950-51 wool clip Australians, and this applies with almost Butler's

cegency

to the

s now

Kim recovery

covery

the £

and

12- the

Mr which followed proposals for the re- New wish to raise stabilising of the balance of agricultura | payments of the sterling area. to Britain. Dr Palyi might also be interested

the pulces of their

they have to know that France, as a

a result

ол

nni dairy produce They complain that been selling pt too low, a price. of import euls announced which we were able to enjoy February 6, has experienced with equanimity with the help such an Improvement in exports of subsidies, utility clothing that fast week she decided to grants and a fairly high standard

admit, from April

4.20

2431

Italy---officiu

"Norway, (krone)

1400

Portugal e cucin

0370

Spela perta)

_01211

Sweden (kron)

0:35

Switzerland--free

2000

MIDDLE EAST

Egypt poundi

2.581%

trai trinas

03125

and

trag dinar}

.2.0)

Turkey a

$275

LATIN AMERICA

nas

CO.

Spot

249 nominal

raz rzuto) Bolivia thollvinne)

0500

May

241-

.41725

Tel: Nos. 36066-9,

July

00

ut

September

Mexico" pesni

1353

Wages.

December

24112

Peru-free

Corn

Uruguay (+20)

214፡1

Spot

1.8434 nominal

Vchertiola (bolivar)

2003

May

1.8322-3

FAR EAST

July

1.84-

India (runes)

2110

September

1.709

Takrton trujire)

2030

December

1.71

Hongkong

.1750

Rye

Netherlands East Indice

3013

May

2.014

Singapore

3300

1.93

860 yet

бала

United Pres

through unbr

May

124- 801

inflation in unbridled the Socialist administration,

To Place Emphasis On

Empire

7

Exhibits

London, Apr. 16.

Grea, er emphasis is to be placed this year on the British the Commonwealth Section of Industries Fair. Arrangements are now well in hand to set aside a special day during the Fair, to be known as Commonwealth Trade Day.

On this day the public will be admitted, and it is hoped that the President of the Board of Trade, Mr Peter Thorneycroft, the Secretary of State for Commonwealth Relations, Lord. Salis- bury, and the Colonial Secretary, Mr Oliver Lyttelton, will attend.

CX-

وانات

2.351

237

July

New York flour-per out. Sack $12.30 nominal-United Press.

LONDON TIN MARKET

Chile-free Columbia (pezoi Cubs 11 m

Japan

New York

to June of £46,000,000, of

R. G. Menzies, Australian this year, over Prime

Minister, has decided to foods, chiefly from the European countries, and that she is con. 13 ignore

representations for in-ndent of repaying at the due di'c, He apparently July next, the £100,000,000 she creased prices.

that his people should borrowed recently with which to prefers

deficits have a little longer a dose of adjust hew deflation. The country had been European Payments Union. on the verge of

bankruptcy

Cotton Futures be exposed to bankruptes it.

ana

in

POSSIBLE RECESSION

the

Lord Menzies' cure is "increase supply, Travel abroad is not restricted

Recently, reduce demand," being of the to Dr Palyl. opinion that, if prices are in- Balfour of Inchrye, chairman of creased now, the farmers would the Empire Industries Associa-, travelled extensively roughout

the United States. when, prices should fall. This

Commenting on this visit, Lord gesture by Mr Menzies shorts Balfour stated in a speech last New York, Apr. 10.

not he overlooked by those of us week: "We must go on selling Colon futures finished on

who have been loud in our higher ground after seesawing

recen: all we can to the dollar area. ericism of Australes

that involves purchase Of course London, Apr, 16.

over a range of 31.50 u bale. In

dealing. market import cuts. The tin market was quiet this less active

should certainly not be over by the U.S.A., which must "go

Dr on" purchasing

Palyl's wac shaped by the morning, with turnover of 43 sentiment

U.S. exports tons all for forward positions, lack of rains in sections of Texas looked by our textile men, who on

moderate mill. and ship- have been talking about the worst fears for

hot to be con- Prices closed today at the end and

Or motor-car exports, of the official morning session per demand for old crop months, sanctity of contracts at a time this year are

when, at the highest govern- founded. Mill stocks of raw cotton at the mental levels, all international Lord Balfour had this to say

ever penetrate end of March totalled 1,539,474 03114

boles, At March consumption contracts or obligations, signed "If British ears rate of 736,535 bales, the stock or taken as understood as in the beyond about 3 per cent of United on Tariffs States' car sales they will meet would be equal to about 2 General Agreement

what already our toe-successfu supply. The 6344-563 monis

points, the winds. Holland and Belgium When US, tearmament reaches to 12 up 2 opencil

“

the cuis ill are feeling acutely Thereafter it seesawed over a

its peak in two or three years Sweden s ringe of 25 points, to close 7 te their textiles exports;

there may be, thinks Lord 15 points higher. Prices closed has had to ent her

with & today as follows-

balance the enforced eut in her

Spot

exports and the lower price she sharp decline in American im ports and a glut of American stay

has to necept for a lower volume

exports." July

of her paper

While

ny follows:-

Spot 1, buyer

Spot tin. suller

nit

Businnea date al Three-months tin, buyer. 4 Three-months ELn, selter 05 Business done al

08:2 Settlement

United Press.

New York Sugar Futures

New York, Apr, 10. Alty World sugar futures closed July today one higher to seven lower (October with sales totalling 245 con- tracts.

Later.

it 14 haped, these visitors a speciul badge to com-

memorate the event, Ministers will be present at a

Several Commonwealth "Commonwealth Luncheon", to which representatives from the hibitors are planning to make a various dominions i colonies special effort on this day to in- be invited. The Lord terest the younger generation of

of London, Sir

to place Mayor

Leslie Britain, and

before information regarding the Boyce, will preside.

made for a opportunities offered to migrants. Plans are being

The history of the Common- special broadcast, drawing at- tention to the importance of wealth Section goes back to the Fair In by the Brat British Industries trade Commonwealth President of the Board of Trade. Į 1026, when 12 stands were taken If this is arranged, the broadcast by firms selling Emolre products, will be given on the Home mainly foodstuffs.

POLICY CHANGED

May Service of the B.B.C. and also.

The

Commercial" July Emplre in the

September Section, as it was known, con-

November Programme,

As Commonwealth Trade Daytinued until the outbreak of war

Spot will fall on one of the two days in 1930, supplemented from 1027

Muy on which the public are admitted to 1933 by a composite exhibit

staged by the Empire Marketing July

September November Spot

General Overseas

to the Fair, it is planned to give Board. In 1993, the Board dis-

New York

an

continued and was succeeded by omela! Empire Section, com- prising 18 displays officially staged by the countries of the British Empire. This was

Rubber Futures additional to the Empire Com-

mercial Section, which in that. year. had risen to 77 exhibitors.

On re-opening the Fair after.

commercial participa- wir,

"ULITA** "HOUGKENK" "ARENDSKEDE" "KIELDRECHT'

JAY toth

June

7th

July

7

JAME

7101

Ralis

Rotterdam

Arriva Hongkong

Apr.

BUD

Alay

14th

May

2nd

Jua

7th

May 281

40

July

zad

Aut.

Aug.

2nd

Dept.

-

BEND LINE

PES LATE

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

BX

S.S. "BENCRUACHAN"

Loading at Buoy A-3 on 18th and 19th April

DIRECT FOR 'SINGAPORE

THENCE

HAVRE, LONDON AND. HAMBURG.

market and Trade, have been thrown to British motor-cycles are facing W.R. LOXLEY & CO., (CHINA) LTD.

imports to our "a recession,

64 nominal allowed to have its day, a process

40.11 37.08-31.10

It is truism of international trade today that Imports must be

of restoring inilation, gradually balanced by exports, else why

one such balances.

4320

410

40.17

October

December

37.12-37 15 36.12

thus may be

March (1083)

38.43.

+

NEW ORLEANS

Spat

35.525 34,42 bid

41.30

MARKET

Prices closed. today follows:-

Contract No. 6 closed today Jay two to seven higher with sales October

December totalling 202 contracts.

May (1053) July

May

41.00

AS

Contract No. 4 (World)

124

4.20

4.10

Contract No, G

5.72 bld

5.92 bid

3.07

5.73

United Press,

36.70 bid 3038 d 35,04 Ind United Press.

Jap Freighter On

Maiden Trip

Tokyo, Apr. 16,

of

at the must advantageous points, the pother about balances should be get in motion. The payments involving quantitative order to effect best means to do this ly by the restrictions in

And it, years of inter-Commnon- restoration wealth trade and of Common-hence, the U.S. wants to export, wealth trade with the rest of the she will have to Import. Canada, the in the dollar area, is proof of overlooking world, not

that axiom. Common-

Scrap G.A.T.T. former units of the wealth.

now is suggested by Lord Balfour because, whenever we penetrate a U.S. home preserve, with whatever article of trade, the U.S. manufacturer will "lobby in Washington to raise their protective tariff."

SUEZ CANAL TRAFFIC

·

STEEL SUPPLIES

The Suez Canal traffic repor! tor 1951 shows that, out of total of 76,753,000 tons of goods passing through in both direc-i tions, no fower than 10,375 The newly built 10,800-ton tons were exchanged with Ip

and

Speaking of, motor-care in' the of Pakistan, Burton Panama Maru, freighter.

ndon,

were U.S. we can record a situation Kalsha. left and that 2,083,000 ton Osaka Shosen

DI in steel there which has ull the Yokohama today on her maiden exchanged with the

There Afr almost elements of a mystery. the East Coast of Afr voyage to San Francisco.

he Com-has a sudden glut of steel. Arakichi Uchiad association

the trade dispose of their production. The

Singapore Rubber; Captain, fra the record of ten monin cult and they fling arou, and the steel men are pushed to

Futures

days, 12 hours and 30 minutes established by the Mitsui Ship exchanged with

has

E

Administra

York Building.

Tel. 84165 &.88710.

PATTISON ORIENT LINE

LIMITED

s.s. “ADELANTO” Loading From: Apr. 7th.

12-14 Queen's Road, Central,

Pusan

Sails For:

DIRECT Apr. 19th.

Tel. 25846.

CHINESE AGENTS:

48, Bonham Strand, West,... Tels. 26127, 81118 & 31119,

If to these are onesia and Defence Production ping Company's 10,000-ton British Mulaya nid, und OVERSEA CHINESE STEAMSHIP CO., LTD. freighter Asaka Maru since the the potential de with these san- of the motor-ear manufacturers,

when fard: eulled

by promising the latter, "a full arces" War.

The Panama, Maru

enormous, well worth re-bill of materials" to enable them million cars in maximum cruising speed of 21.5 doubled fris of the sponsors to produce a

and gave knots and 17.5

Plan, who met the accond quarter, knots empty

of the 10074-309 Moy

week. If one them permission to build another Juño

fully loaded-Reuter. 10732-100

Kay hi last July Number 2 rubber, May 100-107

the carial the 42,873,000 may have in their stocks-in-hand. Number 3 rubber, Mp3

10314-104

petroleum and petroleum Not only do the motor-car men Number 4 rubber, May

0036-10015

south-north benefit. The toy manufacturers 10014-110 Spot rubber, unbaled .. Blanket repo....

70-727 127-132 United Fress.

New York, Apr. 18 Prizes of rubber futures closed the

to 20 higher ton on pre-war lines was dis- today unchanged

Singapore, Apr: 18. Since with sales totalling 50 contracts. continued.

then, the

Prices of rubber futures closed The commission houte buying exhibits in the Section have today as follows: absorbed trade selling Prices been sponsored by the govern-

Number 1 rubber, per th closed today as follows

ments concerned, though some 35.30-35.40 54.90 nom firms have been able to display 34.67 nom their produce on their 3415 ald country's official stand.. 33,65 nom

In 1949, the Section was re- 33,47 nom

Commonwealth 33.25 nor named

September

October

November

December

January (1053)

Felruary

March

April

May

Juno July

32.35 nom

"The

the

own

main

·Barendy progress,

| No. 1 pale crono

Exchange Rates

།

JAPANESE BONDS

Landen, Apr. 18. Japanese bands

(4. of 1800) "B" (44. of 2530) "C! (51. of 1007) "E" (55), of 1954) Consola

13

127

6715

13752

United Pre

and it to the total truffle | 50,000 from materials which they

om the Middle East and the as well. The Lionel Corporation, new movement of such products the largest manufacturers of

U.S.A., in the north-south direction since electric trains in the

'total

PRESS PHOTOGRAPHS

Copics of photographs

the shut down of Abadan, can now go ahead, expand their taken by the South ins 40-92.223,000 tons, making a grand plant, and produce more traina Morning Post, South China tons of then they did in 1951. Why? Sunday Post-Harald, and of 45,102,000 petroleum produc's, the frame la They are being granted an in- China Mail- Staff Photo-

commodities

of steel, alumi- totalled read suppiics

and other Eraphers are on view In And India, rium, 30,081,000 tons. Fakistan, Burma and Caylen materials, "Copper," says are the Morning Post Building, traded in 10,375,000 tons of them, port Int the U.S.A on the

ORDERS BOOKED Truly the trede potenilat with heldent, "is the one metal that the Commonwealth units, past could cause trouble, but it is and present, is enormous and not expected to be a bottleneck."

205 on Section," and in recent years bas 17.65 nom comprised about 20 countries with 22.05 nom total exhibiting area of some United Press. 6-7,000 squera feel, located im-

mediately

Inside LONDON PRICES

London, Apr. 10. entrance of

Court. Prices of rubber futures closed Despite this

Dusiness was done in the next Copra Quotáticas other today on follows:-

however, the present Govern- unofficial exchange market, this

Now York, f. 16. ment-felt that the

Common-, morning at the following rateste

6:33 Copry was quotes today at wealth Section has been rather U dollar (pur. $1) die overlooked in recent years. Sterling notes ther 21 18.07 $122.50. nominal short ton. Hence ta, decision. to hold a Indonesia guilders (per 100) 5.00 Coconut oli was toted today ni special “ Commonwealth Trade Singapore * (Siraita)

sim tocals (per 1000 conts and nominal, IDay, London Exprésy Service, 10ppinstres (per 100): 14.20 United Fra

No. 1 rubber, in penon.

per ib.

May

Juno

July/September

October/December

January/March

WATER

IS PRECIOUS

USE IT

WISELY