MESSAGERIES M
"MEKONG"
THE CHINA MAIL, WEDNESDAY, JULY 2, 1952.
MARITIMES Taiwan Sugar Decline In Prices On
Arriving Leaving
July 15
July 21
*"LA MARSEILLA18K” July 11
BIR HAKEIM”
+"MEKONG",
July 12 -July - 30 July 31 Avg. $ Aug. 10
M
Outward For
JADEN
Homeward For
Marrailles via Balgon N, Africa & Kurope N. Africa & Europe
For Passenger and Freight. tfreight for Saigon, Alexandria, Tunis,
Genoa,
Marseilles, Algiers, Oran, Tangler, Casablanca, Havro, Dunkirk, Antwerp, Rotterdum & all Mediterranean ports via Marseilles and West Africa by Transhipment. Madagascar by transhipment in Saigon or Djibouti..
Bubject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building. (gr. floor)
EVERETT
Tel. 26651 (8 lines).
LINES
EVERETT ORIENT LINE
Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports,
"NOREVERETT"
Arrives July 3 from Manila.
Saila July 4 for Singapore, Penang, Calcutta. Rangoon &
"BRADEVERETT”
Arrives July 9 from Singapore. Sails July 10 for Japan.
EVERETT STAR LINE
Fast cargo and refrigeration spaces available for Korca, Japan, China, Philippines, Indo. China, Siam, Malaya, Ceylon, West Coast --Indian and Persian-Gulf-Porte-
FIRST CLASS PASSENGER ACCOMMODATION
M.S. "NORDSTJERNAN"
Loading July 24
Sailing July 25 for Kobe & Yokohama.
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206. Chinesa Department: Telephono 28293.
FOREIGN
EXCHANGES
Canada
IN N.Y.
England-official
►
-New York, July 1.
US$1.03
unofficial .....
30-day futures. W-day futures
Australia....
New Zealanil South Africa
Belgium
Denmark
Norway
Portugal Spain..
Sweden
2.783
22.57 bld
2.co asked 2.70%
Impressive
Advance
In Cotton
Cotton
im-
New Yoric, July 1. futures coored pressive gains in continued dull trading.
Buying of a purely profession-
al nature started at the outse! when it became known that no transferable notices
For Japan
Taipei, July 1. spckerman of tho Taiwan Bugar Corporation wald 'today that 30,000 tons of sugar suppiles had been sold to Japan at US$105 per.ton.
The transsellors, world US$1,050,000,
-LOO
gotiated through the Cor- poration's ugent in Japan, Shipments will be pleted within a month-t France-I'resse,
Industrial Survey Of Japan
WARNING GIVEN
Tokyo, July 1. An economic White Paper published by the Japanese Economic Stabill- sation Board today said that industrial production hus increased four times since 1946 principally due to the war in Korea.
The Arst survey since Japan returned to Independent status zaid, however, that Japan will Gind it difficult to pay repara- tions.
The White Paper points out that
national the Japanese economy has largely recovered from the ravages of war, pez- haps as fast as in any other country, but such rehabilitation is no! supported by lasting factors.
The survey said the nation's consumption is now 86 per cent of pre-war but the national income is far smaller than those in other
countries. Tho main reason is that so much is being spent on housing, and to replace household property and clothing destroyed during the war.
Other conclusions:
COSTS TOO HIGH
the
The production cost of heavy and chemical industries is higher than in other countries and needs to be cut down speedily.
British Home Market:
Result Of Import Cut
{By: L. VAUGHAN JONES).
London, July 1.
The City bemoans falling stock market prices, the great textile and rayon industries, are in the middle of a severe recession and commodity speculators have had their fingers badly burned as a result of the recent slide in values.
But the rank and file of us at home are not too depressed. For the first time since the war ended, we can go shopping nowadays and feel that prices are becoming reasonable.
And people like stockbrokers and shop assis- tants are becoming extra helpful now that business. is not so good.
"Bargains" are appearing in all the big atores, and many are bargains indeed compared with the prices charged, a year ago.
Due to foreign countries restricting their imports, pro ducers are trying to dispose of their goods on the home market as they have little store them.
room to
Cottons and woollens have fallen as much as 40 per cent over the last 12 months.
HONGKONG SHARE MARKET
(From Our Correspondent)
Business was more active on
the Stock Exchange this morn- ing. Interest centring målnly on utilities. Business done during the session amounted to $325,- 122.50. Noon quotations and the morning's transactions:-
SHARES DUYENS BELLERS BALES BANKS
JK Bark... 1360 4375 East Asia
131
INSURANCES
*
Canton
222
Union
in
DOCKS. ETC.
HK Fire. 130 135
A considerable amount of in- vestment has been made industrial equipment and facill Lea
len but sufficient foreign markets have not been opened to absorb the products.
Industrial
cquipment facilities
and
and to
must
733 74215 40 6 737.50
X. Whort... 7745
N. P. Whart 855 -Dock-
Some types of carpets are down by 30 per cent."
Luxury items of all kinds, in. cluding fancy pleces of ladies' ngerie, are cut by no less than 50 per cent.?
Dispute Over Palestine Concessions
the
Tel-Aviv, July 1. The Jordan Exploration Com- pony Limited, anillated to British-registered Palestine Po tash Company Limited, today Aled an application for on order nisl against the Israel Govern- to show cause why the
British Mandatory Authorities in Palestine for patroleum explora- ]' tion and prospecting should not be recognised by Government.
caression granted it by
IN NO HURRY
Second hand motor - dealers will hardly talk terms. with enough
unsaleable cars on their hands already, they think prices will slump further. Second-hand furniture Lew dealers say they find buyera.
Одес
the
the Israeli
The application was filed In the Istocl High Court in
again pattered and Jerusalem, coloured chinaware la appear-
The Jordan Exploration Com-
areas of 1,000 square kilometres on the western bank of the Dead Sea, where the company con- ducted oil exploration work, which was Interrupted by the Palestine war in 1948.
Ing in the shops, and house-pany holds two licences for small wives, accustomed for years to buying plain white china be
were cause the coloured sets for er
export
can scarcely only, belleve their eyes.
But
shopkeepers report that people are in no hurry to buy. + Are we moving towards #
No,
who say those lump? should know.
WORLD PROBLESI Included amongst them is the chairman of the great Imperial Chemical Industries combine, Mr John Rogers, who asserted recently that he did not see a general depression ahead for British industry.
The
The raw materiala had changed to
anxiety about finding
anxiety about finding adequate markets at home and abroad
Mr M. Novemoysky, the com- pany's general manager, claims that the Israell Goverment provented the resumption of the
work exploration
by the that a announcement a new mining law was being drafted,
annou
A draft oil mining bill was tabled this week in Parliament cancelling all concession rights granted by the British authori- tics.
The Iraq Petroleum Company, which held concessions for the
bulk of Palestine territory, is ported not to be claiming that Its rights were still valid.
Several 6mall groups
and
-~-~~-17:70-800-68-17:50-for-the-country's-Industrial-outcompanies have indicated their
Wheelook... 4114
LAND, ETC.
and
HK Hotel HK Land
UTILITIES
Tram
be modernised domestic resources further developed to bring down prices maintain domestje economic levels. The White
Paper said in- dustrial production expanded last year four times over 1940 and exports gained 10 times because of the Korean the American economic ald totalling $2,100,000,000 and the Recon- huge loans from struction Finance Bank,
chiefy war,
But, the White-Paper warned,. when these factors are gone, Japan's economic rehabillation will slow down radically.
the
The economic survey said that compared with the 1839-41 level, real national income per capita reached only 43 per cent, consumption level 86 per cent, importa 40 per cent and exports, including Korean war special procurement orders, 30 per cent, --Associated Press.
The Rubber
Markets
0,00
put.
The problem is world-wide, Mr Rogers said, and it is difficult to interpret these signs general as foreshadowing 600 ve 10-20 depression,"
41
10.20 1014 400 10
Peak Tram
(0)
211%
Peak Tram
(N)
Star Farry..
C. Light (0) 0% 0345
C. Light (N) 5.59
Telephone INDUSTRIAL'S' ....Cement .....14.00...
Пopo STORES, ETC.
Dairy Watson
L. Crawford
(Rist COTTONS
Ewo
1600 16.20 600 16.20 1500 10.30
100 # 02
101020
200 1000
14.00
17 17.30
2.25 240 2130 og 2.30
Industrials' New High
are
desire to apply for exploration and drilling licences as soon as the all mining law is passed.--. Reuter.
Japanese Airline Project
~TJIWANGI
VTEROCEAN
Pazo
singapaza, subjakasta....... Kamatang.
Burabala a MAČKALAY Ringapore, Penang & Belawan Deli Tiirebon, Kematang, -surabala, à Micause......... Singapore, B. & 8. Adrien van Japan (via Ataulla)
Atadila, Singapore,
BALLINGA
"TASMAN"
July
TJIPONDOK"
July
"TJIPANAS"
July
WAITFALENOKA" July
"BUY"
July
*TJILUWAN"
"TJIKAMPEK”
"TJIWANGI"
July 27
Aur.
Aug.
Aug.
Apr.
J. Aug. 12
"DOISBEVAIN". "EASTWAY "THTJALENGKA”
"TSIBODAS” "TJIBÁDANE" "TJILUWAM"" "VAN DEUTSZ
July 10,
Aur. 23
Abr. 10
Aur. 21
MAKASSAR" Sept. 1
"STRAAT
"TJIWANGI.
Nept.
"TJIPONDOK"
Sept. 1
"BOISEVAIN"
“TJLUWAR*
"TJIKAMPEK”
"TJIWANOP
*STRAAT.
Dept, p
Sept. 16
- MAKASSAR”
Dept. 13
Oct.
Oct. D
8. Africa 4 H. America ··· | Singapore, kijakarta, Semarang,
Surahila & Machitar Djakartaj Titebon, Semarang,
Huzabala 2 Machuize Singapore,Djakartu, ---- BerLATKIEM
Hurabula & Macassar
Japan
Bingapore, Penang & Belawan Dati Alantis, Bingote, Maurius,
8. Africa 5. America Djakarta, Tjurebon. BOURFRIE,
Surabala & Macassar
Javen
Ringapore, Djakarta... Bemarang,
Burabala & Mincustar
Singapore, Penang & Phlaware Deli
Парад
Bingapore
Djakarta,.......... Semarang,
Hurabata & Machasar
Djakarta.
Tiirebon,
Surabals & Macusar
Semarang.
Manila, Hingapore, ・・ ́ Sikoritler,
N. Africa 6. America
Bingspory, · Djakarta, ・ Demarins,
"Surabals & Mecaster
Djakarta, jiendom.
Bomarang,
Burabpia & MASASKAN Kingspre Diskorta, Semarang,
Surabain & Niacassar
Manila, Singapore,
-Mauritius,
8. Africa & B. Ameries
From
ABRIVALS
Port
*TJIWANGT'
"TASMAN"
July "TJITJALENOKA" July 7
July 1 July
"RUY" "TJILUWAB"
12
Масавад,
Surabala, Semarang, Djakarta & Blogspore
Хардл
8. America, E. & X. Afried,
Mauritius, à Bingapore
Japan
Mina, Surabals, Semarang.
Djakarta ☆ Hingapore
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA,
SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S. "GRETE MAERSK” M.S. "OLGA MAERSK”.
ARRIVALS FROM U.S.A.
M.S. "JEPPESEN MAERSK”
M.S. "HULDA MAERSK” M.S. TREIN MAERSK❞ M.S. "PETER MAERSK❞
July July 16 July 30
July 20
Aug. 5
Aug. 10
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN
Pedder Building.
& CO.
Tel. Nos, 86066–9,"
& ORIENTAL
STEAM NAVIGATION COMPANY
There is another side, how- ever, to these falling prices. Whitehall is concerned at the lower prices paid in world mar- koto for the raw materiale, pro- duced by the Commonwealth's millions, whosa standards at Electric 21.1821.30 400 21.20 living depend on the value of
4500 21.10
lend, 1000 21.20 rubber,
zinc, copper, wool, slant, fute and the rest.
EMPIRE TALKS?
Tokyo, July 1. ----- Passenger planes carrying the Questions are being asked in Rising Sun emblem will shortly. 10.70 10.00 400 10.70 Parliament about the possibility By out of Japan, starting what PENINSULAR
of holding another Common-
is hoped will eventually be a 312.625 wealth Conference shortly, and worldwide
service.. now it is hoped by many that
Negotiations for an air agree- Buch & conference may take ment with the United States, place in London before the end
which will comble Japan to in- of the year.
Even
if the Prime Ministers augurate a trans-Pacific service, to attend because of are nearing conclusion with the unable
signing of an official document pressure of business at home expected within a week, while it is
is hoped that they will send similar talks with Britain are representatives.
Commonwealth
wealth trade matters expected to start next Saturday. New York, July 1. would come. high
their An agreement with Britain may Industrials reached a new agenda, although all outstand- materialise within a
Lorinight. Meanwhile, the Press reported high for the year on the Stocking affairs would be reviewed.
his morning that Japan Air- The Commonwealth
Finance Exchange, pacing the market to
the Ministers do not meet till next
only Japaneso- the fifth consecutive advance.
they Ralls edged to a now high January, though
red air company, wit send would managed since March, 1951,
have opportunity for talks
representatives to the United States on July 15 next for the Mexico purchase of large planes (pos next. Autumn for the meeting
sibly Constellations or DC-8's) of the International Bank.
for use in trans-oceanie flights which the company is planning to start this Autumn.
Me reported. It was carller
that BAGGAGE: another airline, to be called Japan. International Airlines, which is now in process of organisation, i alte planting a trans-Pacifc service beginning this Autumn-France-Presse,
on
when they gather in Singapore, July 1.
Prices of rubber-futures closed today as follows:- Number 1 rubber, per lb. were post-
2015-91: This August ed against nearby July.
Szptember
504-9134 0025-9/10 position was the best performer.
Number 2 tubber, August 80-802 Its netion imparted steadiness to
Number rubber, August 02-8234 Number rubber, August 2232-7814 the remainder of the list.
00-01 Alter
U points Spot rubber, undated .... opening & to
00-70 Blanket TEPO Hat worked higher the
progress-
310-115 No. 1 pale crepe
-United Pres. ively higher and finally closed
LONDON MÄRKET 10 to 25 points higher,
The sudden rise in
London, July 1. In grain
Prices of rubber futures closed today as follows:- Number 1 rubber, 1
phen DOT 11. August
2.16
2.23
2.76.
2.7912
.0100
.1455
France
West Germany
4.20
Holland
$434
Italy
,0018
.1405
.0370
0365
133
Switzerland
4372
"MIDDLE EAST
Egypt
2.8814
Iran
03125
Iraq
2.70
Turkey
$375
LATIN AMERICA
Argentina
0040
Bradi
.0500
0085
1155
4030
2003
Bolivia Chile Colombia Cuba
Mexico Peru...
Uruguay Venezuela
FAR EAST
India Pakistan Hongkong Indonesia Singapore Japan
-United Press.
at Chicago and the higher prices were also mentioned as factors behin
behind the
OF run-up in the list alues.
tho importance was primo
on Manday by the House of Representatives of the bil designed through 1935 the high lovel support on six basic farm
passage
commoditi
.to
continue
The smail volume WRH attributed to the international
siluation and
down in, the activity.
·
continued slow-
Aextio market
Prices
of cotton futures closed today as follows→→→
Spat
40.119 nominat
2003
2000
July
.1725
October
40 22-40.21 .37.17
3015
December
30.95
3293
-300 yen to US$1
March (1933)
May
July
Gctober
December
Copra Quotation
30.31 bid
30.07 bid
34.74 54.24 *United FromIS.
NEW ORLEANS : MARKET Apof New York, July 1. July
today October
December
Сорга wos quolta
nominally at $142.50 per short Marc ton. Coconut oil was quoted my at 10% cents 'a pound.—United | October Prest
September
October/December January/March April/June
2714-1
274-22
22032-27
241 nominal
United Press,
New York Sugar
Futures
Now York, July 1. World sugar futures closed to day 1 higher to 1 lower with sales totalling 10 contracts.
Contract No. & closed, 1 Tower to 1 higher with sales totailing 40 contracts.
Contract No. 4 (world) September
4.21 4:18 bid. i
46.10.
4.69 'nominat
Experts attributed the buying of industriais to growing con- fidence that a steel strike settio ment is imminent,
over, a point Coppers gained an price increases of some firms, Other metals were higher,
Aircrafts
tionally.
were highestra Record Crop
Oila scored some of the best gains and were most active wiür boosts of over a point,
Rails geins extended to 2 points. Steels frmed.
Dealings plcked up to 1,450,- Or 1122 Issues 000 shares. truded, 618 advanced, 294 de clined and 310 were unchanged.
United Press.
LONDON TIN
MARKET
London, July The tin market was easier in the forenoon with a turnover of 30 tons of which five tons were
Expected
In
America
Washington, July 1. Tho Agriculture Department sald today that production pros- pects indicate that wheat supe plies for the 1952-53 marketing Four will probably slightly ex ceod the record of 1,001,000,000 bushels of 10 years ago.
Total wheat supplies are now estimated at about 1,000,000,000
bustiots.
In view of this, the report for cash. Prices closed. at the sald, prices are expected to can end of the official morning tinue below those of a year ago,,
session as follows-
Spot in, buyerm ',... Spot tin, allers
•Business, dong 'at'
DAYIL DED
Three-months tin, buyers DES Three-months in, sellers 90 Husinicas done at Zettlement ACCENT
003-004
Firmness-In
Grain Prices
Chicago, July 1. The groin futures market was generally arm ön renewed demand
Wheat futures, closed:1% to 2% higher ant soybeans lower to 1% higher, Prices closed as followe
The report said the estimated Wheat-prico por bushel
Spot supply of 1,000,000,000 bushels D
will probably Include an art- Beptember mated curryover of about
250-
December
of bushes about doublin May that of last year-a crop. Com 1,320,000,000; budhols and prob- spot ablo imports of 30,000,000 July
The imports will be september
bushela
December.
Exchange Rates used for feed purposes only. Barth
Business was done in the local exchrage arkela side
October
January (1951)
March
May
4.05
40.15. 40.18 -37.11-37,12-
July Boot
4.00
$.20
Contract No. 6
September
0.00
(1953),
October
4.00 BLAN
30.03 114
January (1939)
0.00
nominal
+U:1);` dollar "her" (1)
a
-Indonesia, qulklers (per 100)
Bam tiel (per: 100)
34/40 bld United Pre
December
-March May Repot.
9.74 nomina)
0,004
nited Press.
unuffletag.
morning, at the following.
Aterling nutàkmak 21
SUPRADOR Intrattu
VIC.Plarices" (per 100}
The size of exports will des
pend upon the way crops turn) 176. out, in bulls exporting and Im Jul porting countries, the U. S. September. foreign aid pregiammes and the Osta. extent of stockplling in im July:
September horting countries. Aspociated New York Hour-per Press
$12.09 nom
tb. back.
R.M.S. "CANTON"
SAILS:
NOTICE TO PASSENGERS
FRIDAY the 4th July: at 5.00 p.m. for the UNITED KINGDOM via Straits, 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 tho Brd July, 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 ship'e slings only Will take place on FRIDAY, the th July, 1952 between 2.80 p.m. and 4.00 p.m.
EMBARKATION:
THE
"POST" TYPHOON
BUSINESS REGULATION ORDINANCE
1952
Incorporating amend. Copies of the prescribed ments to the Local Forms (a) 1(b), and 1(e) and Non-Loons 'Storm' Bignal Codes
Mounted $5.00. Unmounted $4.00, no end- Obtainable from the qismett SOUTH CHINA MORNING POBT, HONGKONG and KoyLOGN
Now On Sale atri ---S. G. M. Post, Ltd. Hongkong 'and' Kowloon
TEN CENTS EACH
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