1952-05-02 — Page 9

Page

MESSAGERIES

M

"LAKE MICHIGAN"

Arriving Leaving

יוּ

May,

"DOCTEUR YERSIN" .. MAS

"RIR MAKEIM"

June to

"BEAUVAIS"

"FELIX ROUSSEL"

THE CHINA MAIL, FRIDAY, MAY 2, ̈1952.

MARITIMES Taiwan Exceeds IJS Synthetic Rubber ROYAL INTEROCEAN LInes

M

outward For

Alay May *June 22

4 It

Japan

Anigon

Juven

May 15 May 2

Atay 20 May 23

J

"LAKE MICHIGAN" „June

Homeward Por

N., Atrica Europe harmeira via Manita

June, 5 N.. Africa

Europe

Genoa,

† freight for Saigon, Alexandria, Tunis,

Marcilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles.

Madagascar by Transhipment in Saigon or Djibouti

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Ilongkong

Queen's Building (gr. Boor) Tel. 26051 (3 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

Sails

May 1

from Singapore.

May 9

for Japan

May 12

"BRADEVERETT”

Arrives Sails

from Manila.

May 13 for Singapore, Penang, Calcutta. Ranggoon

&

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China. Siam. Malaya, Ceylon, West Coast

Indian and Persian Gulf Ports..

FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN"

Loading May 12

Suiling

May 13. for Singapore. Bominy, Karachi & Persian Gulf Ports.

M.S. "THAI"

Loading May 19

Sailing May 20

for Singapore, Madras, Colombo, Bombay, Kara- chi & Persian Ports.

Gulf

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinese Departmont: Telephono 28293.

OFFICES AT

TOKYO-YOKOHAMA-KOBE--OSAKA

SEOUL PUSAN

The Rubber FOREIGN

Markets

Land, May 1.

Prices of rubber futures closed

today as follows:-

Number 1 rubber in pence

31-3315

3074-31 B-02

27-201

per 1b,

Juni

July/September

October/Deceigber

January/March

NEW YORK MARKET

EXCHANGES

IN N.Y.

Canada England-omelul

New York, Muy 1.

US$1.01

unofficial

30-day futures 00-day futures

Aurirala -United Press.

New York, May 1.

Now Zealand

South Africa

| Belgium

Denmark France

Prices of rubber futures clos-wed Germany ed today 15 to 35 points lower Holland with sales totalling 40 contracts. Italy

4

Norway Pertugal

2.00-3/10 261 bid/ 2.54 asked 2,80% 9.2015

2.01E

2.21 2.2012

0100 .1455

.0020-9/10

4.20

#436

.001a

.1405

.0370

53.10 ninalSweden

0305 1935

December January (1933)

32.75 nominal Switzerland

.2311

32:15 nomina! Egypt

3245 nominal | MIDDLE EAST

2.AMZ

March

03125

201

PARERICA

0375

0435

Suplender

Octuber

Wovember

February

April

31.46 nominal Spain

31.83 nominal Iran

31.55 nominat 31.25 nominal

30.15 nominal

SINGAPORE MARKET

Trad Turkey LATIN Argentina Brazil Bollyla Chila Colombia Cuba

Prices of rubber futures alosed Mexico.

A025

May

Jitne

July

United Press.

Singapore, May 1,

today as follows:-

·Peri ...

Number

rubber per .

*

10736-32 10014-107

Bruguay Venezuela FAR EAST Indio

3750 -2003

2110

2030

*1750

13010 3300

Juno - July

August Number rubber, June 103-1051 Number 3 rubber, June 192-1024 Number 4 rubber, Junn 901-03

10745-199 Spal rubber, unbaled...

-77-78 Blanket crepe

125-150 United Prase.

No. 1 pale crepe

Still Valid

Tokyo, Muy, 1.

The Treaty of Commerce and

Navigation signed by Japan and

Pakistan Hongkong Indonesia Singapore Japon

Sugar Target

Talpel, May 1,

Taiwan's sugar produc- Hon in the 12 months bc- xinning May, 1051, Wis 320.300 tans, Talwars

Sugar Corporation_spokes-. nati announced today.

The tutal represents all exocze of 20,300 tons aver the 500,000 tons set as the production mark for tho year-France-Presse,

Germán Trade Offensive

DRIVE IN THE NEAR EAST

Policy: Manufacture Could Be Increased

London, '--

If the United States Government decides to increase the production of synthetic rubber beyond existing levels, the necessary raw materials for such an expansion could be found.

This conclusion is reached in a paper prepared by the Market Re- search Department of Petrocarbon Limited.

The paper paints out that the bulk of American synthetic rubber production is of the type known as GR-S, for which three main raw materials-ethylene, butadiene and benzine-are required.

there

are

In the period 1940-1951, .S. could be found, However, in production of all three of these some circles in the U.S.A. it is products inercased tremendously, considered that synthetle rubber due largely to the wartime de-output is already higbor, than is mands of the synthetic rubber required under existing con- industry.

ditions and that unless a further Frankfurt, May 1.

However,

many world crisis arises, 'present pru- West German steel-com-other outlets for, these products, duction should not be exceeded. This is borne out by the growth bines, widening their trade competing strongly with the re-

of the GRS U.S. stocks of synthetic rub- offensive in the Near East, quirements

ber in the post year from 54,504 programme, which have account- Et new tonight announced

tons at the end of 1950 to 30 294 ed for the increased ·level of

tong in June 1951 and 133,016 con- triumph over British

production since the war.

ons on December 31, 1951. They tractors in Iraq. have landed an order for a £300,000 ultra modern bridge over the Euphrates River.

The bridge-one of the finest of

be 750 feet its type-will long and 30 feet wide.

"This is the first time that a contract for major public works has been giver by the Iraq Government to a nou British organisation" said German steel officials.

Getinant

ETHYLENE

In 1940, production of ethyl- benzin, an intermediate in the manufacture of styrene, was one million lbs. By 1944, produz - tion had increased to 113 million lby, and in 1950 it was 114 million lbs.

Styrene itself is used for the manufacture of the important plastic product, Polystyrene, and also in the production of GR-S rubber,

and

under normal political conditions (such 15 between 1947 those prevailing and 1949) the largest consumer of styrene was the plastics in- industry.

With

BUTADIENE

|

"We can work to time out we

deliver

the goods." can

Allied trade

experts admit that the Germans are eashing hard on the preoccupation of the

steel industry British essential defence contracts.

The only

out way

of this muddle." said one of them to- would be to make the contribute something n their tual stro!

resources to the defence of the west,

"At the moment we are in a Fidiculous position of preparing While their defences for them they undermine our markets.

SWARMING SOUTH "And in addition, we are pay-

In 1940 it was used entirely de- of the bill for

for the manufacture of secondary butyl alcohol and in 1050, 800 fence."

During the last few months million lbs (89 per cent) was

the used in have been

production valuable contracts Awarded to German firms in synthetle rubber. Turkey, Egypt und North African States.

Butadiene may be produced from butylene, butano or ethy! alcohol, The bulk of the present U.S. output of butadiene iT derived from butylene, 120m | which it may be pudiced mort ebeuply.

380 yen to UEST -United Prest.

Cotton Futures

Advance

New York: May 1. Prices of cotton. futures closed

ing

Finland in 1924 went back into today at or near the day's highs effect last Monday, the Foreign and up 15 to 28 polule Prices Office said today.

mast

men

on

German business "Operation Africa and the Near East" are swarming farther south,

closed today as 'follows:- Bpat Moy two July

December

30.35 nominal 33.43-30.43

37.66-37.00 30.00

the Representatives of Governments agreed that, the October

33. nominal

aid treaty was still valid beMarch (1063) A FELLAS-3500

a state of war never May existed betweon the two coun-July,

caure

tries. Associated Pres.

October

14.30

United Press,

And orders to German Arms are coming in from Kenya, the Rhodesias, French, Portuguese and Belgian possessions and the Union of South Africa.

The drive is particularly in- tense in Egypt whore negotia- tions for a new German-Egypt commerelat clearing bank are now well advanced.

Warning On Effects Of Long Strike

Washington, May 1. A prolonged steel strike would the pose serious trouble for American mobilisation programme the virtually shut down and motor-cur industry, Government the officials warned today. But

authority national production said the average consumer would not come up against any serious shortages unless the strike lasts as long as two to four months.

Aircraft production officials said the output of military planes would not be affected seriously for six to nine months. Planes require very specialises high alloy steel and fabricators have large stocks on hand. But a pro- lenged strike would have cre pling effects later because, the need for an uninterrupte, flow of steel.

The production of butylene rose from 42 million lts in 1948 to 240 million lbs in 1944 and 904 million lbs in 1950.

of

BENZİNE

of The current shortage benzine in US, and the future programme for the production of vast quantities of this material from petroleum sources (over 300,000 tons) is well known,

The industries competing for the available benzine are legion and due to

due to their expansion, de- mand is continually rising.

By far the largest quantity es into styrene manu acture, Gues required for synthetic rubber and plastic production.

In the past, Government de- manda for styrene for GR-S manufacture have limited the

for quantity available poly-

Satin 50 that demand for this

exceeded supply although, at the same time, total styrene production was increased greatly. This increase has only been achieved by limiting the amount of benzine available for other D.D.T., uses, such as phenol, dyestuff, nylon, c

that there The above will are, Indeed, a host of industries, other than the synthetic rubber industry dependent upon similar raw materials. This aspect alone will tend to limit the quantitles which can be made available for GR-S manufacture.

be gas

CEILING FRICE

Washington, May 1. The Office of Price Stabilisa- tion announced today an official ceiling price of 23 cents per pound for synthetic rubber sold by the Reconstruction Finance Corporation.

The R.F.C. actually had been selling at the new price fur weeks, having reduced several

level from 20 cents. United Press,

the

HONGKONG

SHARE MARKET

(From Our Correspondent)

Another Oil Grab Attempted

London, May 1. Another all grab of a British-owned company being attempted in Middle East.

is the

This time the Egyptians are

the culprits. They are trying to force the glant Anglo-Iranian und Shel! combines lo part with their share control of the

million

Anglo-Egyptian Ollfelds biggest oil company in Egyp

The Egyptian Government is insisting that the controlling share interest is transferred to Egypt before the company la allowed to carry on with its legitimate business. Unless the oil companies agree to sell, Angis-Egyptian will get no more licences to develop Ps big new oilfields.

Already the London oit chiefs

| have-gone-u- long-way-toward- the requested "Egyptianisation" of the company,

1.nst your they даvе UD management of Anglo-Egyplian,

to

Business done on the Stockshifted the headquarters Exchange this morning totalled only $150,080. Noon quotations

and the morning's trans- actions:-

Cairo, pred put more Egyptians

the board of directors.

New Anglo-Iranian and Shell, who each hold about 550,000 af the company's "D" shares, equal to a combined 02. per cent stake In the business, are standing 401390 Arm,

SHARES DUYERS SELLERS BALES

BANKS

HK Bank .. 1300 1400 East Asia

INSURANCES

Canion

140

* 240 Union XD

Underwriters

SHIPPING

Asia Nov

72

520

1.55 1.70

DOCKS, ETC.

K. Wharf XD N. P. Wharf 0.00 Duck............. 10,60 Provident

.. 11.00. S'hal Dock 1.00

.. $1 Wheelocks

2100

400

They consider they have gone far enough and they have told the Egyptians they are not velling.

Rather than give in the com- pany has stopped all work on its i new oilfields. Resumption is un- | likely until the Egyptions amend their post-war Mining Laws in al- 0.70 return for the concessiona

ready made by the company in 11.68 transferring

management to

42 300 € 42

LAND, ETC.

HK Hotel 7.60 7.70 1000 @ 7.65 HK Land

43 4314

(B) 1615 (Ita) *Humphreys 101

S'hai Land 1.32121.3715 0800

UTILITIES .Tram

Egypt.

Apart from Shell and Anglo- Irunian's holdings the shares are British largely held by private investors. The Egyptians have Government some, with their halding 100,000 "C" shares.

*THWANOT

"TASMAN" "TIONDOK"

"STRAAT

-MAKĄBSAR" TEGELBERG" *TJILUWAK"

"TJKAMVERK"

"RUYS" "TASMAN" **TJIWANGP

"EASTWAY" "TEGELBENG"

"TJUODAB"

SAILING S

Alay 2nd

May MAY

Day

+

શા

stay 10tl May 1611

May 27th

May 2011 Blay 31st June

ZAL

June BUL

LIL

June 201

June 16tie

**TÄITJALENGKA“ Jussa 25th

"THLUWAH"

"TJIWANGI“

"THPANAS"

"TJIPONDOK"

"BUYS"

"THUWAH

"BOISBEVAIN" "TJIWANQI”

“STRAAT - DANKA"

TJITJALENGKA"

*TUWANGI" **TASMAN" "TAFONDOK" *TEGELBERO"

"STRAAT

2nd

-July

July Etts

July ᎻᏏ '.

To

Singapore. -Diskaria,

Burbia & Macasar

Semarang.

Singapore, Penang &Helawan Dell' Dekita

Tjurebon,

Surabais Macassar

Manila.

Binanpure,

BELLATIE.

H. Africa & S. Amerlea

Japan

Singapore.

Djakartu,

Burbula & MACASA

Djakarta,

THrebon.

Burabala & Macassar

Japan Japan

Maurhise,

Kemarang.

HOMATARK.

:

Singapore, Djakarta, Semarang,

Burabala & Macassar Singapore, Penang & Delawan Deli Minilo. Ringapore, Mauritius,

8. Africa & 9. America Djakarta, Tiirebon, Nemarang,

Hurabata & Macassar Singapore,

Jakarta, Remarang,

Hurabala & Marassar

Japan Singapore,

Djakarta,

Semarang,

Surabala & Marassar Manila, Mirgapore, Penang

katia, Tjirebon, Semarang, Surabala & Macar

E. & H. Aftlea

Manila.

Hingapore,

8. Africa & S. America

Singapore,

Afarian,

jakazia, Semarang,

Burkūnia & Macassar

Japan Slāgapore,

July Or

July

July

28th

AUB. 2nd

Aug.

01h

Aug. 14th

Stanila,

Jakarin,

Hurabia Macassar

Kingapore,

Beinarang,

*Mauritius,

5. Atrien & 8. America

Singapore, Jakarta, Semarang,

Arabala & Macar

ARRIVALS

From

In Port

May

5th

Japan

May

Jajian

May

S. Amerlea,

Afcles, #.

singaporė, - Djakarta

MAKASSAR"

May

7th

Japan

General Agents.

HOLLAND EAST ASIA LINE

SAILING TO EUROPE

"KIELDRECHT“

"AAGTEKERK" "BI.ITAR" "ALMKERK"

SAILING FROM EUROPE

#AAGTEKERK” "DLITAIR "ALMKERK"

ARENDSKEEK" KIELDRECHT“

لله

Mauritius,

Manila

MAY

Zicha

Jane 10th

July Дар

7th

741

Bail

Rotterdam

Arrives Hongkong

Salled

Apr.

Rt?

MAY

J4th

Apr.

Jener

7th

May 280h

July

4th

July

2nd

Aur.

7th

Aug. નાત

rept. 7th

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "SALLY MAERSK” M.S. "LEXA MAERSK" M.S. "LAURA MAERSK”

ARRIVALS FROM U.S.A.

1.35

2000 # 1.0755

...... 13.0

100 € 15.00

500 500

13.00 15.00

Grain Prices

M.S, "LAURA MAERSK"

M.S. "LEISE MAERSK”

M.S. "GRETE MAERSK"

Peak Tram

(0) Star Ferry

C. Light (0)

XD

C. Light (2)

XD

INDUSTRIALS

2000. 10

In Chicago

Chicago, May 1. Prices of grain futures closed" today as follows;-

In Port May 18 June

2

May 3 May 14

June 7

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

ម

0.40 0% 1940 5 0.40

$40

10.70 14.00

Mectric ....20.00 21.20 500 4 21 Масло

Electric Telephone

Wheat-price per bushel.

300 14,80

Spat Moy July

2,43%

341-4

2354

September

2.37 P

Pedder Building.

.... 14.00

December

2.41-24112

1001

Corn

Spat

1.00

May

3.7235-

184

July

21.70 23.30

September

December

Rye

May

July

Oats

May

July

Comment Itupe

STORES, ETC.

Dalry

Watson

COTTONS

+

Ένα ....... 2.40

LONDON TIN MARKET

FUTURE SUPPLIES Regarding future supplies, ethylene is derived essentially from the pyrolytic cracking of refinery or petroleum field gases This (natural gos) or gas oil. supply of ethylene may

from refinery augmented

of the sources by the separation ethylene normally present in the gas--the result of many

The tia market was quiet and steady with a turnover of only Ethylene production

25 tons all for forward positions. Except for cars eks of con-

capacity will, therefore, increase Prices closed at the end of the as the oil refining industry ex-official sumer goods are a near-record

morning level, the NPA did. There is a

auch un expansion follows min large enough supply on hand to pands, and

programme already under last a long time barring a buying rush.

That is the big catch," an ofetal said, "A two-week strike may send lots of people buying up goods in foar of shortages or higher prices."

In Dot:olt, car manufacturers cald they have enough work to operate from four to six weeks If their part suppliers do not run short. Generally

they

are

e in the modern

WAY.

is

re-

A similar argument applies to butadiene aince the butylene this. material is from which produced is again a product of the petroleum refining industry. quantities can Also, additional

optimistic that the steel criste IT A

will be selfied before they are forced to shut down-United Presi

Weekly

Bank

Statement.

London, May 1 The Bank of England, state

be obtained by the conversion of normal butane, lo butylene.

At present, there is an ample of butane gas in the In excess of chemical Ing requirements, and manufacturing large quantiles are consumed. as refinery fuels.

Thierefore butadiene production

bo. achieved, necessary, by uilisation el part

could.

נום

1.

London, May 1,

usiness done at

session

Spot tin, buyers Spot tin, sellors Three-months tin, buyers Tree-months in, sellers Business done at Settlement

03

1.7015-16

1.7614-3

1.0716-4

New York flour-per 200 iu, Sack

$12.05.-Unlied Press,

Higher Wool

Prices

Sydney, May 1. Prices for most types of wool remained firm at today's Sydney DAY WODI ales,

C041

Rates for bulky skirtings, however, showed an increase of 0033-2 per cent,

1051/4

DIS

004

United Press.

A higher price in the present Geelong wool ales series-155 pence a pound was paid today for Merino fleece,

Prices for all qualities and were firm on rutes.--- yesterday's improved Associated Prors,

Exchange Rates descriptions

Business was done in the oral Unofficial Exchange markot morning at the following rates U.S. dollar (per '$1). Sterling nolo, (per 411 Indonesia quidery for 1901

lam ticals (per 100) Singapore (Straits) whữn† TIC plastres (per 100)

Increase in capacity

of all of the excess butanol More

0.32

15.07

28.50

1743 12.80

New York Zinc

New York, May 1 Prices in the metal markot closed today unchanged with the

ollowing exceptions:

Zinc, Prime western, New York, per lb. 19.50 cents-unit-

over production technique and JAPANESE BONDS Press.

continually poing improved

high yields, even without higher throughputs, ará ment for the work ending from existing plant; achieved

Abril 20, read as follows: Notes in circulation

Pablle depostis

Private deposits

London, May-1.

Paket Japaneng bonda

the paper "A" (40. of 1090) It therefore appears,

5/8" (45. of 1910). 1.0.1.boo concludes, that should: it

"C" (55. of 1907) 122,000 decided to increase manufacture

"D" (58, of 1034) even of synthetic rubber befont

"E" (5% of 1034) 508,000 the existing high level of pra 41,873,000 duction, the necessary raw Console United Press materials for such an expansion

„Govtmipiht (sopurlala 000

Other meurities jove Receipts Dan rațio

$11.7

137 91

145

......... Copra Quotation

:

New York, May 1, pra, was quoted today: at 1122.50 bér short ton, nominal. Chcoanut, oll was quoted at 74 60 cents Press,

·Press.

Tel: Nos. 86066-9.

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

S.S. "NANKIN”

direct for

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

LOADING 6th -- 7th. May.

8th May. SAILING

For Freight and Particulara please apply

MACKINNON, MACKENZIE & Co.

OF HONG KONG LTD.

Agents.

Telephone: 27721—1.

PRESS PHOTOGRAPHS

Copiox of photographs taken by the South China Invites your support in helping to Morning Post, South China

and

Photo-

train the Ilangkong citizens of to-morrow, Bubscriptions should be Sunday Post-Herald,

Staff sent to The Ilen, Treamirer. The China Mall Boy's and Girls Cluba Association graphori, are on viewin War: Meltartal Welfare Centre

|the Morning · Post · Bullding,

southern Playground,- Wanchal,---

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a pound, asked.United | telephone the Secretary (28015),

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