1952-06-24 — Page 9

MESSAGERIES M

"HIN HAKEIST?

THE CHINA MAIL, TUESDAY, JUNE 24, 1852.

MARITIMES FILLIP FOR LANCASHIRE M Effect Of The Restrictions On Japan

Arriving Leaving butward wor

1

пле 29 July

·•"LA MARSEILLAISE" ..June 30 July

"TIEKONG"

..as 13 July 21

7

+MONKAY"

...June 28

*“LA MARSEILLAISE” 2017 XX +'DIN HAKEIM” ...........................Aug. 3 *MEKONG"

...Aug.

For Passenger and Freight.

Kobb & Tekotuma

DEN

dodawad #or

June 25 N. afrien à Europe July - 13 -- Marvelles via Balgon Adz. B. Africa & Europe Aug. 16 N. Africa & Eufopa

↑ freight for Shigon, Alexandria, Turiis, Genoa, Marseilles, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, Rotterdam & all Mediterranean ports via Marseilles and West Africa by Transhipment, Madagascar by transhipment in Saigon or Djibouti.

Bubfact To Change Without Noties,

..

CIE DES MESSAGERIES MARITIMES P.O. Box 68, 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, Burma and East Coast Indian Ports.

"NOREVERETT"

Arrives June 30 from Manila. Sails

July 1

for Singapore, Penang, Rangoon & Calcutta.

“BRADEVERETT"

Arrives July 8

from Singapore.

Sails July 9 for Japan.

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. "STAR BETELGEUSE"

Loading June 25

Sailing June 26 for Singapore, Madras,

Colombo,

Bombay,

Karachi, Bagrah & Bahrein.

EVERETT STEAMSHIP.CORPORATION. S/A.

Queen's Building, Telephone 31206.

Chinese Departmoot: Telephone 28293,

FOREIGN

EXCHANGES

IN N.Y.

Canada England-official

Australia

New York, Jurve 13.

„USSLANIE

2.76-6/16 2.57 bid/ 2.00 asked

unoniciat

30-day ćutures 00-day futures

New Zealand South Africa Belgium

Denmark

France ..

West GemTIŁNY

Holland

Italy

Norway

Portucal

Spain

Bweden

2,70-2/17

The Rubber

Markets

London, June 23.

Price of rubber futures closed

today as follows:-

In pence per in.

Number 1 rubber.

July Aug

Bepterber

July/September

October/December

January/March

2734-20

27-6-20

Colonial

In

To British

Markets Opened

Textiles

Last-Hour Decline Cotton Prices

New York, June 23. Cation futures trading was dominated by a last-hour break of almost $5 a tale in nearby July delivery. Spot month plummeted from a new high of 10.03 to 39.90, then closed at

40.10-40.15, of 71 points. Other

positions were off 13-22 points.

Evening up in July contract completely dominated the trad ing. Dealers kept buying in preparation for the first notice day on Tuesday.

spot

month situation completely obscured Interest in the crop

op picture, the textile market news and other develop ments which usually have a market influence.

A

leading

spat firm was re- poriod to have sold between 10 and 15 thousand bales of July on outright basis and about 6,000 bales OF more on swaps with October and December positions. Market observers attributed, the

da

נתר

Inte jump to a sudden rush of Ilquidation from

speculativo

London, June 23. To help to meet the "balance of payments" crisis, most British Colonial Governments have now announced measures either to restrict or entirely suspend permits for the import of Japanese textiles.

exports.

These decisions will give a considerable fillip to Lancashire textile At the same time, a special committee of the Cotton Board has completed a preliminary study of opportunities in Colonial markets for Lancashire texillo ex- ports. The results are encouraging,

Amazing

The total of imports of caiton plece goods into the Colonics in 1931 Wis 605,000,000 square yards, of which the United King- dam supplied 224,000,000, India 300,000,000, and Japan 157,-

Trade Drive 300,000

By West Germany

Bonn, June 28. West Germany's booming export drive into Common-

longs and the absence of buying wealth and world markets interest undil

With the temporary exclusion. of Japan, Britain and India will now be the main competitors in the Colonial markets, India is at present exporting almost as much as she can, which means that there will be more oppor- tumities für United Kingdom ex- portere,

But this severe realriction on

Japanese goods is only a tem- porary phase justified by the fact

the market increased by nearly one that Jopon's currency is regarded ged below the 40-cent line. Open contracts in July at tenth

plunged

during

May,

the start of trading were down reached a value of to 360,200 bale, on the sup£117,000,000. position that interest by Tues- be down to day morning would ground!

balts 325,000 The market opened up 2 to 11 pol's. It rose to not guins of to 14 points, then see-sawed over narrow limits until the Inst-hour break got under way.

Prices closed as follows:- Spot

41.00 nominal

40.10-40.18 37.40-37.69

34.52 br -United Pres.

MARKET

July

October

December

37.25

March (1953)

37.11

·

Atay

30.05

July

36.63

October

34.70

Becember

NEW ORLEANS

Spot

40.60

July

October

December

March (1993)

Miny

October December

July

40.00 37.42-37.50 37.37-77.28

37. brick 36.03 bld.

$4.09 bid 34.02 bid -United Press.

HONGKONG

SHARE

MARKET

and as being "semi-hard." Under in- ternational obligations Japanese over goods cannot be excluded merely on grounds of competition. Much depends, therefore, upon ability of United Kingdom manu- facturers to hold the markets now being opened to them.

Official @gures show that the Germans continue to concen- trate on the production of in dustrial machinery, care, optical and precision Instruments, machine tools, and, above all, coal.

"With this astonishing drive," said Allied officials tonight, "West Germany is now export- ing nearly five times as much Ra it did in 1936.

"German arms are now ob taining contracts in North and South Africa, the Middle East, Palcis- | Comada, Australia, India, tan and South America.

"Many of these contracts would have gone to British firms it only they were not forced to con- centrale on the ec-aremment pro- gramme."

EXPORT SURPLUS Germany, added the officials has still not contributed a gun, tanit, plane or soldier to Western

ما

the

NIGERIAN MISSION

In the

immediate post-war years United Kingdom exporters the paid little attention Colonial markets so far as man- factured goods were concerned. goods largely put them outside. The high prices of manufactured

the

range of the Colonial market. casier to It was also

get high prices -on the non-sterling market, Lancashire could pick and choose where it sold. That position has changed.

One of the Arst results has been that the growing practice of importing grey cloth from Japan and India, and re-export-

it os manufactured ing

piece goods, is coming to an end. The grey cloth will increasingly In addition to her soaring ex-manufactured pr purls, West Germany has also mills. succeeded in cutting down her imports which were reduced in May to 297,700,000.

defence.

Lancashiro's

Lancashire

"TJIPANASH "TJIWANGI"

**TANMAN"

INTEROCE

INTEROCEAN

Manila,

Paro 9

Japan

Bingapore. Djakarla, Bematange

Búrabala & ¿JACARIAY

Bingapore, Penang, & Belawan, Pell

Japan (vía MANÍNS

Djakarta, Traban

Butabala, à MADASIÁT

Bemark

Maslia, Singapore, Penang 20

*Africa

Singapore.

1, 8, Africa & D. America (9) Singapore, Djakarta, Semarang, Djakarta, Tjirebon. Semarang,

surabata & Macassar

| Autobala & Macassar /

Djakarta, Semarah

Surabala, Diacassar "A

Japan

Dell

Singapore, Penang Belawan Manila. Singapore, •· Mauritius,

18. Africa & S. America

Japan

jakarta, Fliradan, SATA,

Surabain & Macassar

Singapore,, Djakarta Semarang,

"Būrabala & "Macassar

Singapore, Penang & Belawan 66

Japan

Singapore, Djakarta, Bejmarang,

surabaja a Macassar.

Djekaria,

SAILINGS

July

July

"TITJALENGKA", July

"TJIPONDUS"

July

**TIPANAK

July

1

“TJILUVAN*-

July

10

**TJIKAMPEN” -

July

"TJIWANGI"

Aug.

"DOISSEVAIN". "EASTWAY"

ARE.

Aur

*TSFJALENGKA”

Aug. {

Aup.

Aug. 18.

AUE. 16

Aug

24

"TJIWANOT

"TJIPONDOR"

"BUISHEVAIN"

Bapt. a

Sept.

Sept. 9

Mahlia

surabala da Macassar

Singapore,

Sept, - 18

Sept. 23

Oct.

*

Oct D

“ETİSADANE“

"TJBODAS“

***FJIKUWANI”

"VANTM HEUTSZ" "STRAAT

MAKASSAR" - Bopt

Bid For Foreign|| ZHLUWAH

Investment

Taipei, June 23, Formosa is going alt out for foreign investment,

The Provinciaå Govern- all ment is now translating lawn and regulations regarding

commerce, mising, exports and imports Into English for prospective foreign investors. Governor K. C. Wa ordered Peter Chads,

Pubilo. Relations Director, to completo the job in the shortest possible Lime bi order to give foreigners a guide to invest. ment in Formosa,

Interview with In an United Press, the Gövérbor said the regulations would ke revised in order to krivite more foreign investmenË --- United Press.

Revision Of

Bell Trade Act With P.I.

Manila, June 23. The promotion af competition between United States and non- United States products in the local market to pulf prices down as low as possible appetes to be me of the principles guiding the selection of itera which will be into as duty free in trade treo

be

projected manufacturers the will be faced with an important arrangement to replace the pre- This

gives Premier test when they meet Mr A, C. sent 1046 Bell Trade Act pro- Adenauer's Government an ex- Nwopa, Nigeria's Minister of Viding for free trade port surplus in foreign trade Commerce. He is the first tween the Philippines and the

African Minister for May akome of £20,000,000,

to visit the United States. Significantly, for the steel- United Kingdom from Nigeria This is one of four points hungry mills of the Ruhr, im-since the new constitution came ports of iron ore moved sharply into operation. Much depends brought cut. In the current public Hearings regarding the upwards.

upon the impression that textile proposed revision of the Trade- But with ample home food manufacturers make on him. (From Our Correspondent) production the

Act Germans were

VITAL DATE. Business done on the Blockable to cut down on imports of bread grains, fruit, Exchange this

morning was sugar,

Mr Nwapa hopes to arrange for. valued

vegetable oils and cocoa-Lon-

the export of more than 25 quotations and the morning's don Express Service.

million worth of textiles from the United Kingdom before the end of the year. It is believed that his requirements

are that the Lancashire

manufacturers will undertake

provide the

al that of last year, import sources right quality material

price and

at $116,751,65 Noon

transactions:

SILARES BUY209 BELLERS SALES

BANKS

HK Dank East Asia

INSURANCES

Clinton Union

SHIPPING

1390

141

Asla Nav. 1514 DOCKA, ETC.

30 8 72730

K. Whart.. 77 7315

101% Wheelock... 419, 43% 100 m 62}%

EXPORTS TO U.S.

New York, June 23. West German exporters to the U.S. will have to put up a hard Bight for the rest of this year M their total is to equal

said,

&

to

Abcording to many Importers, 84 on delivery

dates

"

Other points are:

(1) The basic list of duty free impart itens maltes no dis- tinction as to the origin of pro- ducts;

1

(3) The list of duty free im- ports includes goods actually needed here, whether produced in the United States or just pro-

cessed there;

(3) A

graduated list of duties will be imposed on im-

with a levy, depending on the need for such an item to the country's economy, France-

of degivers in vernment ports excluded from the free list

is

be- appears inevitable this year.

needs to know that the large ties of consumer goods will be They point out

that large, quanti- increase in German imports last

in the shops when the year was due in large measure

the boom set off by theon of cash payments is Press, Korean

the autumn by the war. This year, they made in

Failure to

say, demand for many items is marketing boards.

provide these consumer goods

Dod

to

2746-2012

LAND, ETC.

JK Lond

423%

+

HK Land (3) 10.20

2715-92

Shat Land

1.20

2034-2714 20-2201

LITHATES

Star Ferry,

-United Prem.

NEW YORK:MARKET

New York, June 23. Prices of rubber futures closed today 25 to 60 points higher with sales totalling 40 contracts. Dealer buying and covering with higher London cables absorbed realising

and hedge selling. Prices closed today, as follows:

da 1200 @ 10

C. Light (0) 8 135 800 M BJÍ

c. Light (N)

Electric Telephone

off sharply.

0.40

21:20 21.30 .. 15.70 10.00

10.00 Press

14:30 1415

INDUSTRIALS

Cernent Repo

STORES ETC.

2.7711

2.23 2.77

..0108 J455

-0020-0/10

420

.0018

1409

0370.

J6365

0035

Switzerland

MIDDLE EAST

Dairy

September

Egypt

Iran

Dgies

October

November

Iraq

2.9

December

Turkey

3375

January (1053)

February

31,00

28.97 nominal 20,30

28.57

30.44 nominat

wo

LATIN AMERICA

Margh

23.20 nominal

April

Atgetting

0040

May

27.70

Brazi

0600

June

R7-12 nomlial

Bolivi

July

B

Chu

*

-United Fre

Colombia

Caba

Mexico Perú d Urugung Venzuela FAIL BÁST

SIAN KRONE

Singapore

8000

„4830

----United' Press,

August September

Pepper Market

Popper

Now. York, Jantra 23.

prices rose, sharply

| over, the weekend following the

account

BORBAN

20.00 18.80° 350 ev 10,00

2315

would have a serious inflationary effect,

scheduled deliveries.

JAPAN TRADE

Manila, June 237 Changes in the commodity composition of the

present barter trade agreement between the Philippines and Japan were sub-committee on barter trade hinted today as the Government

*TJIKAMPEE

"EJIWANGI"*.

"STHAAT"

MAK498AR

Hemarang,

Mauritan

Semarang

8. Africa, & 8. America

Bingapore,

Bjakarta.

Bemarang,

Burebala de Mocnikar Djakarta, T]!r bot,

Surubala Macassar Singapore, Djakarta,

Surabala & Macassar Martin, Singapore, Mauritia

B. Africa de

ARRIVALS

Semarang,

America

From

6 Africa, Mauritius & Singapore MACISZAY, Aprabniz.

July

**JIPANAS" "THIWANDI

“TASMAN" "RUYS"

In Port

June 28

Semarang,

DJakarta & Singapore

July

I

Japan

July

Japan

"TJITJALENGKA”.

3

America. Mauritius & Bingapore

E.

Afric

General Agents.

HOLLAND EAST ASIA LINE

SAILINGS TO BUROPE

"ELITAIZ**

July

"ALBIKREK"

Aug.

"ARENDBARUS»

Bapt.

"KIELDRECHT

Oct.

Balls.

SAILINGS FROM EUROPE

Rotterdam

Artives Hongkong

"ALMKENE”

Salled May

"ARENDSKE

Aur.

Bapt.

Oct.

“RIDDERKE "BLITAR"

DE LA DE DE CIE

MAERSK LINE

FAST FORTNIGHTLY BERVICE TO:

NEW YORK, BOSTON, HALTIMONE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGÉLÉS AND PANAMA. NEXT SAILINGS

M.S. "GRETE MAERSK” M.S. "OLGA MAERSK” M.S. "JEPPESEN MAERSK❞

ARRIVALS. FROM U.S.A.

M.S. "JEPPESEN MAERSK".. M.S. "HULDA MAERSK” M.S. "TREIN MAERSK”

July July 16- July 30

2

June 20 July 20 Aug,

For Freight and Further Farticulars please apply

AGENTS:

JEBSEN

Pedder Building.

SUBSIDY OF EXPORTS POSSIBLE

Italian Products

CO.

Tel. Nos, 86066-9;

Grain Prices In Chicago

There üre several bright notes in the German-American trade

Im- picture, however.

What Mr Nwapa, in effect, is of machines, machine offering puta into reverse what ports Lools, toys, cameras come the United Kingdont has in the chemicals and costume jewellery past offered the Colonial pro-

Chicago, June 23, are reported to be maintaining ducers. He is prepared to buy prepared to meet this afternoon

Grains joined the major com- Associated high level. -

modities in mixed dealings Lancashire textiles in advance at at the Central Bank. A guaranteed price and against of bartered goods were also inges in the yearly amount Changes

slightly favouring the down- TORONTO FAIR

side Wheat closed 1⁄4 to 1⁄2 Toronto, June 23,

details were

higher and soybeans were 3⁄4 to, The Nigerian market is of great intimated, but no Western Germany's bid for

-climination of

4% lower. New York, Juno 23.

„Prices of grain North American markets at this importance. Last year it took disclosed. Th

Italy may soon subaldise ex futures closed today as follows:-- million worth of certain goods listed in the pre-

parts to promote more sales year's International Trade Fair almost £16 in Toronto get the pace for all cotton piece goods, of which the sent agreement as importable by

Italioni Wheat-prico per busbel abroad, Della Graltan, Kingdom supplied the Philippines and the deletion

Spol of the other guest countries in variety United

provision £7,334,000,

trade consultant, sald in New July India

for mis- £3,021,000 of of merchandise and Japan and

cellaneous items were held prob

September York. quantity of

£2,030,000, offered

addition,

nable by omein sources following almost

The high price of Italian December 25 million

March by a substantial grant Backed

goods has been

the

greatest May from the German Government, worth of artificial silk piece the reported demands to this

made

influential obstacle in sales to the U.S by

Corn partly 127 firms filed 13,000 square goods, and £2,340,000 of

silk plece goods were artificial

Senators.

Miss Gratton said. She recent feet with wares ranging from

The Senate bas to ratify any

ly surveyed export possiblilles Spot imported. doileate crystal glass through jet-

If textile manufacturers can subsequent barter trado, agtre- for Italian textiles and other ly propelled toy aircraft and car negotiate a successful deal with

ment which may succeed the.

world products under current conditions. to heavy industrial and agricul- Mr Nwapa it will be possible to present temporary arrangement tural equipment.

German

which is due to expire on June London, June 23. participation ranked second, only arrange visits from other Colonial

territories to dinctisa

10.-France-Presse. The tin imarket wan completely to Canada, which occupied about agreements.

similar idle with no sales of spot or half the Fair's 100,000 · squaro three-months. Prices closed at │fect,

KEW.) COTTONS

1.50 240

LONDON TIN MARKET

Spul tit, buyiła-

the end of the offelal morning session as follows:-

De sclentine

Dat DEN

Bpot un, saliers ·

300 pen to Usidevaltnment of a broad demand

for dealers and grinder

Sellers marked spet material Settles done at

Lead - PriceRaised

up to $1.02 a pourt. All nears by adouts wens quoted af around $1.00 a pound. Supplies on the stearnel City of Madras were The leading custom nofter quoted at around $1,39 and

New York, Juno 23.

today raised the price of left on the Christino Marais at

$1.60. half a contto 16% cot

pound, on a New York bagis, mint.

4 pound. On

pobune, Junio

ship.

BELKA

Business dong #1 Turee-mantha tin, buyers Three-months tin, weiters,

-United Pra

Exchange Rates :

this

་ ་

́NIGERIAN VIEW Pre-war Gorman specialites

Manchester, June 29.. equipment, cameras

The Nigeriah" Miriister of and handicrafts were back in

Commerce sald today. that His force.

German sales in Canada country wanted to buy textiles jumped from $11,000,000 in from the British but that the a¥ 1950 to $31,000,000 in 1081, Japanese product was selling

20 per cent cheaper. Prust,

Italy, she said, must take a

Beptember December March

May

from the experience of Bri- tain, France and Western Ger July mony if she wants, to improve september New York Sugar solve the problem of unemploy

her, competitive position and › Oats

The July France.

September shipments

Futures

trude sdurtés zöld,~Labciated. “FA GR Nwapa, who is bora | sales totalling 62 contracts.

New York, Juno 23. World sugar fülures closed to- day 1 lower to:4 higher with.

Contract No. 6 closed 4 to 0. lower with sales totalling 270 contracts

Contract Na, 4 (world), **)

4.19

r, to discuss, trade prospecie with Uie Colton: Board and other business organisations, said, Sydney, Juha 25. Business wag" › fonte” bi'' the local At the opening of the fat porisere may suspend the te RIYARTICIA), exzhaigo

of Jepanero cinth if september of Wool,

•mbening at K750 gelowing filesi todný pribbs were 2-14 bet | Lancashire texilin Industry canber

Böyle done higher, then the last fydiny, provide qua eiwith cotton and Berior, nato, per

down artadders (per 1007 JUTA rates and five per cent higher rayon bloodgoods to salt our Banternber

21,00 Tian ine Trabano May, male, ak Luite, and pocket."—Associated | spot" TIC PIWACK (peg--209) -

Dealers propte ni broadeningr | quoted Vat: £145, July...$1.48. damana kamen buyon who tau Audit $1.50, to #180 6 pound, boen out of the market for all on an ex-cook basis. Unitext-i Flamm 2 paper, 1993/ dooral months -- Utilied Preus,

Novembe

ilted Preser

ment

and Britain

said, aro

pbroad by

na their New York' four-ber, 200 1b, Sack. exporters through refund of $13.00 nominat, United Press. purchase and production takes, to

which enable the lower pried his gooda, much

in the textile industry, which JAPANESE BONDS

Landon, June 28, Japanese bonds, Alany

"A" (4% of 1899). "B" 142. of 1010)12.0914. C(48 of 1907) 110

" (08. of 1934) .....

Is Italy's largest and chiet of Employment, ́ ́Miss Fourço Gratton eald, prites are going up, while texule prices in most of other countries have been reduced substantially. Uniors Itallen textiles come! down, she sald; the American market will be lost to the industry,→→Asso»- Console ciates, Prose

?

“E”. (53%8. of 1934)

600

120

United Press