1952-05-06 — Page 9

THE CHINA MAIL, TUESDAY, MAY 6, 1952.

MESSAGERIES MARITIMES Borrowing Curbs COMPETITION FOR WOOL

M

"LAKE -MICHIGAN"

"DOCTEUR YERBIN"

"BIR HAKEIM"

*"BEAUVAIS"

“FELIX KOUSŠEL"

Arriving-TeaYINK

10

tay

Afay

.May

June

M

· Ontward For

10

May 13 June 22

Удран Saigon Japan

May 15 May

May May 23

*3

“LAKE MICHIGAN" ....June

02

Tameward For

N. Africa & Europe Maraelites via Mtantia

3 June 3 N. Africa & Europa

† freight for Saigon, Alexandria, Tunis, Genon, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Atwerp, Rotterdam & all Mediterranean ports via Marseilles.

Madagascar by Transhipment in Saigon or Djibouti

Subject To Change Wout Notice,

CIE DES MEssageries MARITIMES P.O. Box 63, Hongkong

Queen's Building (gr. floor) Tel. 26651 (3 lines).

EVERETT

LINES

EVERETT ORIENT LINE

Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Siam, Malayn and East Coast Indian Poris.

"REBEVERETT"

Arrives May 8 from Singapore. Sails May 9 for Japan,

"BRADEVERETT"

May 12 from Manila.

Arrives Sails May 13

for Singapore, Penang, Rangoon & Calcutta.

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Koren. Japan, China, Philippines, Indo- China, Slam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.

I

FIRST CLASS PASSENGER ACCOMMODATION M.S. "NORDSTJERNAN” ·

Loading May 12 Sailing May 13

M.S. "THAP

Loading May 19 .Sailing May 20

fox. Singapore, Bombay. Karachi & Persian Gulf Ports.

for Singapore, Madras, Colombo, Bombay, Karn- .chi & Persian Gulf

Ports.

EVERETT STEAMSHIP.CORPORATION S/A Queen's Building, Telephone 31206. Chinese Department: Telephone 28293. OFFICES AT TOKYO-YOKOHAMA-KOBE-OSAKA SEOUL-PUSAN

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

S.S. "NANKIN"

direct for

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

LOADING 10th MAY SAILING 11th MAY

For Freight and Particulars please apply

MACKINNON, MACKENZIE & CO.

OF HONG KONG LTD. Agents.

Telephone: 27721—4,

||

Suspended

Washington, May 5, Tho Federal Reservo Board today upended the programme. r votulitary carbs on busursa borrow- ing because it feels the threat

inflation has

receded recently.-

Under

voluntary anti- faflation programide set up of a year ago, a committee businesmen screened pro- posed borrowing and ruled on whether it was, “eracti

non-erscalfal" to' tial ar

the defence programme or

olvilian needs.

Borrowers were asked to postpone "onrential" Unlied traaṛactions.

Press.

HONGKONG

SHARE

MARKET

(From Our Correspondent)

Business on the Stock Ex- change this murning totalled $300,745 in value, Noon quota- tions and the insening's trans- Actions:-

SHARES BUYERS SELLERS SALES

*BANKS

10€ 1390

HK Brak Bet Ala

1353

14

INSURANCES

Union XD

Ugglener,fens

HK fue

SHIPPING

D

200 730

565

140 150

Asia Nav... 173

DOCKS, ETC.

K. Whart

N. P. Whiit 6.00

Dock XD. 10.

Provident 11.6 Sini Dock .. 1.70

LAND. ETC.

1:X

ik Land

17 200

18.85

1060

10.00

.. 7.3 7.40

IK Land.) 405

K LI?? 14

-1.35-140

What Land

Humphreya

UTILITIES

Pram ..... 14.21

P. Tram (0) 5.19

Cament Rep.

10%

1500 / 16.20 500 14.20

P. Tim (5) "124

Star Ferry

C. Light

TO) KA

8.43 8 2030 A

C. Light

123 AR. 5

1030 Electric 21.1581.90 2520 Macan F.ec. 10.70 11-

Telephone 1420

013

5.51 23.20.

1500 15.20

INDUSTRIALS

14.05

17.10

STORES, ETC.

Dairy

10.00.

0316.90

Watson..........

Wation (R)

L Crawford

331%

COTTONS

2.40

4.35

Ewo

MISCELLANEOUS

Yangtze

FROM SYNTHETIC FIBRE INDUSTRY IN AMERICA

New York, May 5,

Fortune magazine publishes in its May issue an extensive analysis of the prospects of wool withstanding future competition of the growing synthetic abre Industry.

The article concerned the merits of state- ments made by Dr Roger Adams of the University of Illinois, ex-President of the American Associa- tion for the Advancement of Science, and Mr Eugene Ackerman, head of the Wool Bureau.

Dr Adams was quoted as saying that half of the wool now consumed will be replaced by synthetic fibres within 10 to 20 years. Mr Ackerman, defending the economic need for wool, was quoted as saying that wool, as always, will remain man's premier fibre.

Foreign Exchanges

Cenida

·In NY

England-metal

E

Belgium

New York, May

..US$1,02-1/12

2.601

Unofficial 1.2. 2.54 bid

ROYAL INTEROCEAN LINES

TAEMAN TIPONDUK"

*TEGELBERO"

"ÉJIPONDOK"

SAILING S

Aug. 2

To

MingAnote, Perang Belawan Dail Djakarta,TM" "Tjirebon,” Molbarang.

Burnbala Marzanar

Singapore,

Ban

B. Africa & H. America

Mauritius,

Hingapore............. Dijakarta,” BemaFAJE,

Aurabata & Marzaar,

Treban

Burabala & Macassar

Semarang,

Vingapore, Jakarta, Nemmarang,

Surabafa & Risezuar.. singapore, Pena & Belawan Deli MANILA,

Atari Singapore,

8. Africa & 9, America -

Djakarta, Tjiraken, Semarang,

Burabnia & Markisar

Bingapore.

Jakarta.. Semarang.

Burabafa & Marjassṛ

·Japan

Bingapore,

Djakalja.

Djakarta,

"Burabila 4. KĮackscar

Tiirebon,

Semarang,TM

Bemarang,

futabala & Macassar Afanita,

Singapore, Penang

E. & S. Africa

Manila,

Singapore,

2

Mauricium

18. Africa & 3. America Bingapore, Djakarta, Semarang,

Surabata Macassar

Dfakaria, T]rbon. Hemarang,

Surabala & Macassar

Singapore, DJAKATIA, Semarang,

Burabala & Maesar Djakarta, Tiirebon.

NuFADAIA 4 MaciaT Kizila,

Semarang,

May

"STRAAT

MAKABBAR"

"TJILDWAN

"TJIKAMPEK"

May

Atay

May. 10 16 May

*5

Japan.

Jakarta,

"RUVA" "TJIWANG?"..

"EASTIPAY" "TEOLLEENO®

Japan,..

May 20 June 2

Juno # Juna 印

"THIBODAN

Juhe 10

TJILUWAI

June '16

"TJITJALKNOKA" **TIIWANGI

Juna 25

July

Z

July

2

**TIPANAM”

~~July

267 asked

30-day futures

2.00%

10-day futures

3.70

"QUYI

*TJILUWAHI"

July

9

July 18

Australia

1.24

New Zealand South Africa

2.0015

"TJIKAMPEK"

July 25

2816

019816

"TJIWANGI

Denmark

21455

France

"TJIRODAS”

West Germany

.. AVE.

7.

20

interest

Holland

4434

"STRAAT DANKA”

Aug. 9

Italy Norway Spain

Switzerland

.001A

1405

"THTHALENGKA“

0370

0315

2014

2314

TARMAN"

AR

03125

Iraq

201

Turkey

3375

LATIN AMERICA''

Argentina

0635

Brazil

Bolivs

Chile ...

Colombia

.4025

21

Cuba

1.011

10

Mexico

.1155

Peru....

0650

ni

Uruguay

3750

Venezuela

2003

FAR EAST

SAILING TO EUROPE,

མ—==ཁལ་མ་

raw

India

2110

Pakistan

2030

**KIELDRECHT"

Hongkong

.1750

"AAUTEKERK"

Indonesia

.3015

"BLITAR"

MAY Jima July

Aingapore

.3.300

"ALMKERK"

AUR

Japan

360 yen to US31

United Press,

SAILING FROM EUROPE -

Malls Rotterdam

*Arrives Konekan

"AAGTEKERK"

-Salled

Apr.

May

Apr

29

Tito

"ALMKERK"

May

July

'Jaly

ADE.

ARE.

Hopt.

5 TO 28017

The article says: "Wool will come. Beyond all that is the

tremendous vested be forced into some retreats, That

will it

in around retreat

the world in sheep localised sectors like the car- which is many times that at the Portugal

is a reasonable synthes Inveelment." pet industry

De condusion. That it will

Other favourable signs cited Sweden forced into other, relative re- trcals in percentage is also a reasonable. conclusion. But, barring any world convulsions and assuming the continued in- Arenze In human population, sheep should survive the pre-

totextile revolution."

HOW- The article declared, over, That Dr Adams' assertion that within 20 years synthetics will replace the annual 1,000, 000,000 pounds of wool seems the not 10-be supported by facts of the, prezent situasjon.

that! The article explained

some 210,000,- including nylon 000 pounds of new synthetics the were being consumed by textile industry against

439,-

000,000 pounds of scpured

Wool.

in

"The importance of the new synthetics lles not only in what

but they are doing now

qualities and their intrinsto what they can do tomorrow." Many synthetic while being-

were increasing wool consump-DDLE EAST tion in the world, and the Egypt backing of wool by govern Iran ments and government trea- suries.-United Press."

BUYING REGULATIONS

Washington, May 5, The International Materiuls Conference today Issued series of recommendations encourage orderly buying woo! for military use. The IMC, which recommends iccations of strategic .materials for the free world. made suggestions to eliminate surpluses and perlodic wool shortages. The recommenda- tions were:-

for 1. "Placing of orders cloth and

for knitted goods military purposes

be should

AN

done by each government closely and as evenly as pos- sible throughout the wool self- ing season with particular at- tention being paid to the avail- abulties of particular types

don

Smart Rally

In NY

to properties, and grades of wool at particu. Cotton Prices

manufactured have certain drawbacks GS strength and combustibility etc..

limi

the which

somewhat overall uses. The whole busi- ness is in a state of flux with constant research progressing."

FINAL FACTOR

Among other drawbacks synthetics are the problems of handling confronting facturers.

maou-

"A Bnal overriding faster, is the sheer cost of veloping a whole new of textiles."

Du Pont spent

lar times during the season and to the general price situation.

2. "Purchases of raw woul for military purposes, including should reserves of all kinds,

be on a most flexible basis so that purchases are made with the least disturbance to the market.

"The governments of the Ave

wool-exporting major ve countries should make available upon request any detailed in- formation witleh they have nhout

Wool

New York, May 5.

Prices of cotton futures had a smart rally in progress at the close. Observers beloved that a part of the activity was centred on evening up in nearby May delivery before it expires on May 13. Open contract in May at the start of trading today was down to 101,000

01

de-

bales.. world

$27,000,000

and 10 years on the first pair of nylon stockings, and it cast $25,000,000 for orlony to start. And the result of all the new investments may be the pro- some duction in a few years 500,000,000 pounds of new syn-

New York Sugar thefle, fibres.

Futures

New York,. May 6. World sugar futures closed torlay 2 lower to 1 higher with sales totalling 52 contracts.

Contract No, & closed 1 to 4 lower with sales totalling 104 contracts.

Prices closed on follows:-

Contract No. 4 (world)

May

4.35

July

4.34

Septemline

November

S

421 nomina} 3.09 nominal 4.20

Contract No. 0

301

Septembes November

6,97

5.38

Spot

July

Exchange

3.80

United Prets.

TO-

is

"These figures, however, de- monstrate the confidence of the. chemical industry in the

This volution.

confidence

and what confronts the, vast troubled world of wool. Fur- thermore, another weakness of the wool position is the Unitted States public Indifference problems of wool growers.

to

Synthetics also have an ad- vantage over wagl because they arrive at mills chemically clean and uniform while grease wool undergoes numerous cleansing processes before splaning.

ver-

compositions of clips in tbeir countries to governments planning purchases of cloth and raw wool. In the event that such Information is not readily available in

any particulae country, it would be helpful if the government that country took the neces- sely steps to collect such informo- tion.

IMC zaid

The market opened up 12 to off I point. After rising 3 to 23 the market dropped points, sharply, going around 35 points under the highs. In the last hour, prices resumed the ad- vance which held to close the general let up 6 to 35 points. Prices closed as follows:- Spol

39.05 nominal May July member, October

of

The

March (1953) there recommendations, with

21 May minor reservations by some July countries. The Government of October the Argentine has accepted the recommendations provided that

clarification

10 be added Point 3 concerning the policy of sales of accumulated stocks. -United Press.

governments hove accepted December

A

LONDON TIN MARKET

Lendon, May 5,

The tin market was steady in the forenoon. Turnover was 05 tems, all for forward positionis, Filces closed at the end of the ofcial morning session hs

"Wool itself will profit from science which can improve its properties and raise its sathilty and usefulness. Blended with synthetics, it may go in. to a market now closed to it.

"In zelf-defence, woolmen themselves may find ways to Rates stabilize their prices. The theop

Is In the some narrow follows:-

riik economic sphere as the in the lacat

worm.

'The sheepman has another 0.155

which is string to his bow, 3.93 meat and which in the United 359

States now provides roughly 65 per cent of the growers'

Business was, dono unonicial exchange market. marring at lite following rates:- U.S. deltar ser $1).

Sterling rate (per £1)

13,

Indoneita pulid.rs (nur 100)

Slam cola over 10} PRIMATE (Straits),

FIC plast:es (par 100)

1705

12.63

nat

la-

Spot tin, buyers Spot tin, sellers Business done at

06453

nit Three-months tin, buyers, Dis Three-months tin, sellors 004! Business done at

065-00574 Bettirmont

United Press.

38.84

30.25

30.21-30.22

35.14-35.08

35,64

33.87/

25.21

33.03 bid.

United Preл,

NEW ORLEANS MARKET Spot

30.05

May

38.84

July

36.78-39.10

October

December

20.10 35.92

March (1853) May July

35.61 bld

United Press,

October

Rubber Futures

In S'pore

Singapore, May 5, Prices of rubber futurea closed today as follows:- 'Number 1 rubber, per 18.

June July

101-101% 10014-101

August

Number 2 rubber, Juna $3.99 Number 3 rubber, June 1995-97 Nembor, rubber, June Apot rubber, unbaled ...

Blanket crepe

No. 1 pale èrepe

"TJIFUNDOR"

"STRAAT

MAKASSARİ "TEGELBERO"

*TJILUWAI"

"BLITAR"

Aug. 14

Bingapore, Mauritius, 5, Africa & America Singapore, Djakarta,

Nurabala & Macassar

From

ARRIVALS

In Part In Port

MAY

May &

May 12

zapan

Mauritiue,

S: America, 8. -Africa,

Singapore, Djakarta 4 Manlie Масазват, Surabaia. Hemarang,

Djakarta & Ringapore

General Agents.

HOLLAND EAST ASIA LINE

"ARENDSKENK" "KIELDNECHT"

KINGS BUT

HER CHIN

PENINSULAR

QUIS NOS SEPARAB

zg**

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN”

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

THURSDAY, the 8th May at 12.00 noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden. and Port Sald.

ALL passengers baggage must be sent to the Hongkong & Kowloon' Wharf Co's Godown at NO. 2 GATE, CANTON ROAD ENTRANCE BY NOON on Wednesday the 7th May; 1962.

SPECIAL NOTE: With the exception of hand packages carried by passengers. themselves, ALL BAGGAGE must pass through the Wharf Co's Godown for loading on board by ships's 'slings only.

EMBARKATION:

Di-Ri

101-95

124-129 United Press,

PENINSULAR

Will take place THURSDAY, the 8th May, 1952 between 9.30 am. and. 11.00 a.m.

PATTISON ORIENT LINE

LIMITED

SIS. LAURE PATTISON

Due From:

Japan

May 8th.

12-14 Queen's Rond; Central

Snila For: Pusan & Kobe May 12thr

Tel. 25340,

CHINESE AGENTS:

BEN LINE BLINE

FAST

FROM

TO UNITED KINGDOM AND CONTINENT

"BENLEDI"

Loading Hongkong 16th and 17th May

DIRECT TO SINGAPORE THENCE

LIVERPOOL, DUBLIN AND HAMBURG..

OVERSEA CHINESE STEAMSHIP.CO., LTD. W. R. LOXLEY

48 Bonham Strand, West, De:Teln 20127,-91133 & 311197

York Bullding.

CO., (CHINA) LTD. Tel, 84165 & 88710.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE, & PHILADELPHIA via BAN FRANCISCO, LOS ANGELES AND-FANAMA.

NEXT SAILINGS

M.S. "LEXÄ MAERSK”.

M.S. "LAURA MAERSK"

M.S. "LEISE MAERSK"

ARRIVALS FROM US.

M.S. "LEISE MÄERSK”

M.S

"GRETE' MAERSK"!”.

M.S. "OLGA MAERSK”

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO. PASSENGERS

May 18 June 2 June 17

BAGGAGE:

May 14

June 7 June 10

For Freight and Further Particulars please ap to:

AGENTS:

JEBSEN

Pedder Buildlfig".

Tel: Nos: 300GG O.

FRIDAY, the 9th May at 12,00 noon for the UNITED KINGDOM; via Straite Colombo, Bombay, Aden and. Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon". Wharf Co's Godown at No. 2. Gate, Canton Road Entrance by Noon on Thursday the 8th May, 1952.

SPECIAL NOTE: With the exception of hand, packages

carried by passengers themselves," ALL. BAGGAGE must pass through the Wharf Co's Godown for loading. on board by ships's slings only.

EMBARKATION: Will take place FRIDAY, the 9th

May, 1952 between'. 9.80 %á 11.00 am.

·and