1952-05-01 — Page 9

Page

MESSAGERIES

M

MARITIMES

Arriving Leaving

"LAKE MICHIGAN" May

"DOCTEUR YERSIN” ). May "BIR MAKEIN"

7

June 16

May May

June 22

11

"BEAUVAIS"

May 19

May 20 May 23

June

May 23 FELIX ROUSSEL" ... "LAKE MICHIGAN", June 3 + freight for

Salgon,

M

Delward For

5. Janak

Kalaca Japan

Homeward For

N. Africa Europe Marcelles via Maula

N. Airlea & Europe

THE CHINA 'MAIL, THURSDAY, MAY 1, 1952,

Cement For PI Textile Industry In

From Japan

Maulla, Apr. 30. An Inflat shipment of coment 230,000 bags of ordered from Japan by the Government Price Stablr- mallan

Corporation

Will

arrive here before alsy 18. The cement will be made Immediately available to the the public to break current shortage. The cor- poration may placò subso- quent orders in Japan de- pensfor on sale of the in- ecming order and the need for additional cement.-

France-Presse, Alexandria, Tunis, Genou, Marseilles, Algiers, Orat, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean. ports via Marseilles.

Madagascar by Transhipment in Saigon or Djibouti ·

Subject To Change Without Nolice.

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

EVERETT

LINES

EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines. Indo-China, Siam, Malaya and East Coast Indian Ports.

"REBEVERETT”-

Arrives May 7 from Singapore.

Muy 8 for Japan. Sails

"BRÅDEVERETT" '

Arrives May 12 from Manila. Saila

May 13

for Singapore, Penang. Calcutta. & Rangoon

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Korea. Japan, China, Philippines, Indo- China, Siam, Malayu, Ceylon, West Coast Indian and Persian Gulf Ports.

FIRST CLASS PASSENGER ACCOMMODATION

IM.S. "NORDSTJERNAN”

Loading May 12 Sailing

May 13

M.S. "THAI"

Loading May 19 Sailing May 20

for Singapore, Bombay, Karachi & Persian Gulf Forts.

for Singapore, Madras, Colombo, Bombay, Kara- chi

Persian Gulf & Ports.

EVERETT STEAMSHIP CORPORATION S/A Quoon's Building, Telophone 31206, Chinoso Department: Telephone 28293.

OFFICES AT

TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL-PUSAN

FOREIGN

EXCHANGES IN N.Y.

Canada

England-cietal

Betglum

The Rubber

Markets

London, Apr. 30. Prices of rubber futures cland today as follow:- Number 1 rubber, it pence

per lb.

New York, Apr. 35.

4:51.03-1/32

2.01-15/16 July/September

October/December 2.01 Didy

unonical

2.54 asked January/March ..... 2.00 30-day futures

2.7933 10-day futures

2.24

.1405

311-22 314-45 3014-1 22-25

India May Have To Deal With A Slump

DEMAND FALLING

OFF

Bombay, Apr. 30.

India's biggest factory industry-textiles-faces a crisis and the prospects of even a slump in the near future unless 'demand picks up

Japanese materially.

Dollar Crisis

A MAJOR TRADE PROBLEM

to

United Nations, Apr. 30.

Japan faces a developing dollar crisis and needs shift her buying to non- dollar areas, the U.N. Eco- nomic Commission for Asia and the Far East (ECAFE) reported.

The commission's latest "Economic Bulletin" said Asian -and-Far-Eastern countries.couni, ed, up either trade deficits or de- elines in their trade surpluses during the third quarter of 1951 through a combination of de- clining demand for their raw materials and increased imports afler relaxation of controls, Prices of staple foods

and the CAFE review slightly fald their upward movement will doubtless' afTeet wages.

rose

But the inflationary effect of rising food prices and prosper- ve higher wages. was offset by the changing balance of pay- pattern which reduced in- fationery tendencies during the period,

nients

The commission's Economic Bulletin foresaw difficulties for Japan.

MAJOR PROBLEM Japanese industrial expansion Wos vactly accelerated by the Korean war, it said, and coal supplies were far below de- mand, even though there has in coal Бесп a small increase

output. Steel output had ulzo increased in Japan as well as in India dad on the China main- land,

Both India and Japan in- of their production creasedi cotton textiles but in Japan the Industry is likely to have great difficulty in reaching its export target in the face of increasing international competition, the report said.

problem "The

major Japan's cign trade in the near future will be the choriage if dollara caused by the pattern of imports from America and exports to, Asia," the Bulletin

sald.

"The peace treaty doubi restore a greater

οι

will no degree Japanese of normality to the economy, but I will also close ths United States, aid account, it said. "It is, therefore, esten- not only to in- tial fo: Jayan create dollar earnings but also to economise in the use of dollars. for instance by shifting import

перед

TeROUTES to non-dollar reas5.

The repert

that

to Southern and South- ald. eastern Asia will help increase Japanese exports to countries new Sterling there and that a

increase both agreement would export and Import, trade with

countries. Steding Area

FALLING PRICES

-United Press. NEW YORK MARKET

New York, Apr. 30, Prices of rubber futures closed today 50 to 80 higher with salaseline totalling 114 contracts.

September

March

Apri

34.10-31.15

23.70 nominal 330-

-United Press. SINGAPORE MARKET

Singapore, Apr. 30. Prices of rubber futures closed today as follows:-

Australia

New Zealand

2.802

South Afilea

2.8134

Denmark

01981 .1435

France

0028-9/10

West Germany

1.20

October

folland

2830

Novembet

0014

December

32.00 bid

Norway,

Jonuary (1953)

$2.60 nomina)

Portugal

.0370

February

32.30

Spala

.0365

32.00

weden

.0015

31.70

14

Switzerland

.2311

MIDDLE EAST

May June July

31.00

#+

31.10

+

30.20

Expl

3.0812

Iran

Iraq

.01143 2.61

Turkey

5373

LATIN AMERICA

Argentina

.0639

Brazil

.0500

|· Number 1 rubber, per lb.

Colombia

.4.0025

May

Cuba

3.00

June

Mexico

1135

July

,0650

Druguay

-3750

10012-% 106-10814

Number rubber, May 1004-12 Number a rubber, May, 10-193

Venezuela

.2003,

FAR EAST

India

.2110

108-10914 Tax-79 127-132

2030

-1750

3015

,3300

300 yen to Usgi

United Press.

Japanere bonde

Teru

Pakistan Itongkang Indonesia

Singapore Japan

Metals In N.Y.

New York, Apr. 30.

Prices in the metal market

Number 4 rubber, May D-100 Spot rubber, unbeled

Blanket cropo

No. 1 pale crepointed Pres

Falling prices, especially for textiles, and financial difficultles affecting imports were blamed in the report for the first de- and Jupênese exooris ine in Imports shiee the Korcan ean- flict began.

in most Textile prices fell countries in the area, the Bul- the de- It blamed jelin sald

en speculative overstock- eline en ing, the bumper cotton crop in the U.S. and the fall in Japanese Export prices.

The Aslan rica erop csilmated

·wan

at slightly higher than last year and would meet minimum needs of rice import- cue, despite the unfavourable effects of monsoons.

Sugar production was increns- ing in Indonesia and the Philip pines, erd declining in For mosa.

The Bulletin saw possibility that Philippine pro- be big enough to duction might meet demands by the United States and leave a surplus for

JAPANESE BONDS expert to other countries.

London, Apr, 20

"A" 149, of 10) "13" 149 of 1000)

15. I 1907) "" (5, of 1984)

ECON. DE (234) Consols

#7

0716

בן

DI

1491

United. Press,

clared unchanged with the fol NY Stock Exchange

lowing excepilans:-

Lead, Common, New York, per ib. 17.50 cents.

New York, Apr. 30. Dow Jones averiges at the end of the stock market session Platinum, (soft, 09.5 per cent stood on follows:

| 30 Industriale fine) per ounce. $105.

20 Rails Serop load, F.O.B. per ton, 15 Utilities (heavy safty$14.00-$14.25 40 Bonds United Press,

That is the opinion of textile exports, who believe that two main causes have contributed to bring about the present difficult situation.

Firstly, they say, there has been an appreciablo fall in foreign demand for Indian cloth. Secondly, a depression psychology la noted locally, with buyers In- lower clined to put off purchase for even immediate requirements in the hope of prices later.

foreign India's entry into markets is relatively new. dating back to as late as 1938. The advent of World War I gave India a big opportual- y to develop foreign textiles trade. With the outbreak of British Industry the war, the

ear is output to war haci

which needs. And countries depended upon Britain as the chief source of supply, turned to India to All their needs. In- elia thus became their prin-

cipal source of supply.

When Japan entered the war, In December 1841 and supplies from that country were total- ly cut off, India became near- ly the sale supplier of textiles to neighbouring countries with predominant Jower Income populations.

and and mills quantilles Iraq, ef cloth for export to Iran, Aden and adjacent. ter- Africas, Burma, ritories, the Malaya and the Netherlands -Ex-Indios.

Thus, during the war post-war years, Indian manufactured large

tha'r

Indian exports reached prak in 1950 when they total- led 1,200,000,000 yards, al- though during the other years the average' was belleved to be between 500,000,000 and 700.- TX- 000,000 yards per annum.

the tile exports thus became country's second largest foreign exchange earner.,

Rubber output dropped for the third season in a row, it said, Malayan output of about .50,000 tons during the period was 10 per cent below the same period in 1950 and 10 per cent. below 1040's third quarter.

Tin production did not de- cline, but reinained relatively low.Associated Press.

Seeds And Oils

Now York, Apr. 30. Prices in the seeds and ells 287.63 market closed unchanged, with

02.81 he following exception: 2 .48.43 Finx Seed, por bushel, F.O.B. 174.43 } Minneapolis. $3.88. Unilad

-United Press.

Pres

lying

ilon is reported to be idle.

Under existing laws, milis are allowed 10 freely markel only 33 per cent of their pro- duction, the remaining 87 per cent being allotted to dealers nominated by the Government fer distribution.

BUSINESS DAD

These dealers, because of money tightness and the ``re- cent crash in local commodity able markets, have not been

to lift their, quotas, and there is no sign yet that they will bo able to do so in the near

future.

nt

stores Wholesale and retail which have their funds locked -up In goods report stalemated business conditions, with very small dally turnovers. Their stocks are made from cotton mlis bought by

higher prices whereas the commodity Cent has declined some 30 per in value recently. The average consumer, therefore, seems be putting off normal chases in the hope that when eleth made of cotton. hought at existing rates comes into the

will be at market, prices

least 20 per c cent lower,

coarsed annually

HONGKONG

SHARE MARKET

on

(From Our Correspondent)

Activity the Stock Ex- again th's chango declined morning. business" "being "valued at only $68,501.00. Noon-quota- ilans and the morning's trans- actions:-

SHARES DUYERS SELLERS SALES DANKS

1K Bank .. 1300 1390 East Asia ... INSURANCES

140

Union...... 245 Underwriters 0.10 SIMPTING

13

734

500 5 0.14

to

Aria Nav

1.55 1.10

pur-1

DOCKS, ETC,

K. Whit

*

Waterbost

2

N. P. What 5.50

-Pack-XD14 -1500. n.16.00.

Frovedeni

11.00

S'hat Dork.. 153

Wheelock (NG 424

100 ₫ 1.05

LAND, ETCinna

UK Hotel

7.00 7.80 20 7.30

of

HK Land

Ik Lan B 4019

4015

are

JK Land B

16

130

Sal Land

1.35 1,40

Humphreya.. 10.20

UTILITIES

Train

P. Tram (0)

Star Ferry..

C. Light

101 XD

15.00 10 000 15.00

Uf

8.30 8.40

In addition to mill cloth, some 2,000,000,000

yards and medium cloth

by hand- loom weavers, numbering_near- ly 250,000. The combined pro- duction thus available for mar- keting in this variety will thus: be about 4,000,000,000 yards. mill-The raw cotton supply posi

tion is also reported to be for the qu'te "comfortable" coming year, with the domes- the tie

егор estimated at 4,000,000 Cement ... 14.30 14.50 bales, which is about. 800,000 STORES, ETC.

Dairy

19.30 14.00 bales in excess of local re- Watson

COTTONS quirements,

Exp

OLD EQUIPMENT total country's The mnde production Dverages about 3,500,000,000 yards, Sorne 425 muts employing 500,000,000 workers are engaged in manufacture. During the war and post-war years, the mills worked

to full capacity at cope with foreign and domes. heavy demand,

causing wear and tear to machinery. Cloth prices were nearly six times their pre-war level and effered good attraction to mill owners for maximum produc- tion.

The Industry passed through a bcom period

tremendous pro- mills made

fis.

and

Most of these profits, how- ever, went to shareholders as dividends. Re-Investment

ת?

ΟΣ

of

the industry by way

replacement urgently needed

that ceuipment was small, so

70 per

cent of the

ing with wom-out equipment. The bocm also resulted in a rise in took values

nearly mills are still work-

Di

schinery and mil premises.

at

Thus, both on the domestic and foreign frants, the texties industry finds Itself pushed out of its sellers' market poal- tlon and relegated to a buyers' position.-United Press.

Grain Prices

C. Light

INI XD .... 5.20 Electric

20.95 21 351 43.00 Macro Eire. 10.40 Telephone INDUSTRIALS

14.30

2.40

2003.10

Philippines' Interest

ROYAL INTEROcean Lanes

Kuravala & blachian

WEBSRIANS,

Singapore, Penang & Belawan Dell

Diakarta, Tjirebon,

Hurabala tarakkar

Manila

Blogapore,

Nemara

{{ 'B. Africa America Japan

SATELN Gʻ§.

"THANDP *TASMAN" "TONDOR"

May

2nd-KERKADOTO, -~ Djakarta, --

May

7th

May

101

"STRAAT

hay

MAKASSARY

"TEGELDĒMIT""

Kay

10th

TIĻĻUWAU"

"RUYB" "THIKAMYBEK“

May 14th

Biay

临

May 2701

("TASMAN'DAN

"TSIWANG!"

1st MTRY

2nd. June

1

"EARTWAY"

TEGELUENG"

"TJUODAS" **TJILUWAI"

"TJITJALENGKA" "TJIWANG?”

"TJIPANAS!

"TJIPONDOK“

"RUYE"

June 渴望社

June Jel

Juno sch

*

June 25th

July Zad

July Esla

Juty qtl

Juty

5111

July

18th,

July 23

ALL 2nd

Dib

Aug. 14th

"TJHLUWAH"" "UGI9SEVAİN" "TJHWANO1" "STRAAT BANKA" Aug.

"TJITJALENGKA"

Hingapore,

Mauritius,

Djokeris, Semarang,

Arabala Macassar

Japan

Djakarta, Tjirebén,

Surabala; & Stacasize

Уарап .4ingapore.

Djakarta,

Semarang.

HEMATADE

Nitrabala & MACHART Alagapate, Penang & Belawan Dril

· Mamiin. Singapore, Mauritius

8. Attica & 8. Aimérica izjakarta. Tjirebon, Hemarang.

Surabala & Maepatar

Singapore, DJakarta, Semarang,

Surabaja & Macassar

Japan

Singapore, Djaknetu. Semarang.

Hurabala & MACASAY

Manila,

singapore,

E. & Africa

Djakarta,

Tjuebon,

Burakala & MacSuar

Manjik,

Singapore,

FE ARE A

Semarang,

Mauritius.

S. Mirien H. America Singapore, Dakarí, Komarang,

"Hurabāla &· Mueasant

Σα για τη

-Ringagber,

Djakarta,

Surabala & Macassar

Manila,

Singapore,

H. Africs & H. America

Немигалк

Maneftius,

Singapore, Ijakarta. Semarang,

Burabala & Macar

ARRIVALS

26pan

Japan

From

B. Asrica, S. Africa,

"TUWANGI" "TARMAN"

TIFONDOK" TEOELDERG"

"STRAAT

In Port

May schi

May

Eth

May

Matteftas,

Singapore,, jakarta * Marilu

MAKASSAR"

May

TEL:

Japan

Ceneral Agents.

HOLLAND EAST ASIAT LINE

SAILING TO EUROPE

"KIELDRECHT“

"AAGTEKERK

BLITAR

"ALMKERK"

SAILING FROM EUROPE

"AAGTEKERK"

"BLITAR"

"ALMKERK"

"ARENDSKERK" "KIELDRECHT"

المفرق

MİRY

9th

June 100

ARK.

Th

Balls Rotterdam

Arrives Jongkon

Salted

Apr

Apr.

2911

May June

14h

Th

May

281h

July

42

July

2nd

Auc.

7th

Aut.

2nd

Sept,

Tila

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis BAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

F

In

M.S. "SALLY MAERSK" M.S. "LEXA MAERSK"

In Chicago Japan Trade

Chicago, Apr. 30.

Prices of grain futures 'closed today as follows:

Wheat-ples, per burbel

Sput

2.43 nominal

May July

December

Corn

2.41

2016-1

September

2.39%

1.60 1.7094-49

July. September December

Styc

May

July

half

Cate

May

July

1.70-1.7516 107421.07

1.01-1.03% 1.01-1.00-1

7011⁄2-4 THI

Although the total capital in spor vested in the textile industry is estimated

upwards of 1,000,000,000 rupees at existing rates of valuation, their realis- le value, according to experis. is believed to be nearly that sum at present.

Although a setback in prices

New York Hour-per 200 ib. Sick, 1950, 812.15.--United Preis, early was apparent the Korean war and the stock. piling programmes that follow- ed resulted in a fresh wave of Indian for fcreign demand

had the cloth as this country further advantage of being In Stirling Area with cur- rency devalued. That demand lesser lasted in a greater or

New York,.Apr. 30.

futures cotton degree until the end of 1951,

of of beginning but

since the

overseas closed today as follows:- 1052, inquiries from buyers are reported to tapered off sharply.

now.

Cotton Prices

In New York

Pricus

Spot have May

July

May

30.15. 38,38-30,42 37.72-37.77 35.93-30.60 35.72.

35.61

38.44 btd

35.13

United Presk

38.15 34.23

October Decamber JAP ADVANTAGE.

nole March (1053) Textle exporters also

able to July that Japan Is

10 under-all India by some

NEW ORLEANS MARKET per cent for material of com- parable quality and variety, Spa May no has boop whereas there

July material change in Indian pro- October

Deceraber duc lon costa.

to

March (1043) - May July

October

for

37.79-37.23 35.93-30,

Tokyo, Apr. 30. traders Local

in Osak reported that active Inquiries Lad begun to

this flow Inte the Philippines from country following a dull period of over three months,

The Philippines last week agreed to extend the current trade and payments agreement with Japan for two months ending on June 30,

be

Traders suld that the sudden reappearance of keen interest among Philippine importers in Japanese producis may attributed to possible specula- tion that considerable dificulties lie ahead for negotiations for u new trade agreement after the existing trade agreement expires on June.30.

Philippine importers, these traders added, were apparently trying to use up import Heences granted them before the trado agreement

extended was France-Presse,

New York Sugar

Futures

New York, Apr. 30.

14

M.S. "LAURA MAERSK"

ARRIVALS FROM U.S.A.

"LAURA MAERSK"

M.S.

M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK"

May 2 May 18 Juine 2

May

May 14

June 7

For Freight and Further Particulars please apply to:--

AGENTS:

JEESEN & CO.

Pedder Building.

Tel: No3, 36066-9.

Eastern & Australian S.S. Co., Ltd.

S.S. "NANKIN"

direct for

PORT MORESBÝ, BRISBANE, SYDNEY, DUNEDIN, LYTTLETON, AUCKLAND.

7th May. LOADING 6th. SAILING: 8th May.

For Freight and Particulars please apply

World sugar futures closed MACKINNON, MACKENZIE & CO.

55.73-83.75 today

35.00 bid

58,45

33.18

3.00 bid

United Press.

Air Agreement

Extended

unchanged to 1 lower

with zales totalling 104 contracts.

Contract No. 0 closed 1 lower.

10 1 higher with sales totalling 88 contracts.

CONTRACT NO. 4 (world) /

The Japanese price advan- tape is attributed largely that country's ability to ejut more qu'eldy to changing market conditions, its cooler climate with longer life machinery,

more efficient labour and production methods

03

more up-to-date as well

have machinery, all of which

lower combined to result in

The Civil Aeronautics Board September product on costs.

in Thus, for the first time

approved a three-months exten- nearly 10 years, India's poste alon of the temporary air agrees Spat tion as the leading cupplier of ment with Australia granting planes landing clihts. textiles was relegated to the Qantas fourth renic in January 195

1952 Ba hero.

| May

4.20 bid

4.25 bid

tember November

4.35 tid

Spot

4,32 nominal 4,23

Manila, Apt. 30.

CONTRACT NO. G

July

Noveniber

5.99 bild

1.03 bid

4.08

far as the overseas market The agreement, pcrding con- was concerned, Japan took the clusion of a big oral pact be.. Arst place, with the United tween Australia, and the Phlilp- Kingdom, Italy and Spain repines, is renewable every three ported to have come in be months. twern. N

Within the country stanif, mills report huge accumulation of stocks at their premees Nearly three months' produc

Cantos. Empire! pomican westly and cargo crvice Sydney and, Press,

6.04

-United Fress.

OF HONG KONG LTD.

Agents.

Telephone; 27721—1,

PRESS

PHOTOGRAPHS WATER

Copics of photographs taken by the South China

Exchange Rates Morning Post South China

Sunday." Post-Herald, and

Buvarss was done in the lues Ching Mail Staff Photor unomelal exchange market graphers are on low in morning at the following rates:-

the Morning Post Building: Airways.s. dator.er $1) Vide

1.817 passenger Sterling mate (ner £1

between Todenesta lidnre ther 183)*** Ban Celi (ver"100)

ORDERS BOOKED Associated

Singapors (birinto). FIG plastroi (per, 100)"

15.38

13.00

1.718

IS PRECIOUS

USE IT

WISELY