1952-07-23 — Page 9

Page

THE CHINA, MAIL, WEDNESDAY, JULY 23, 1952.

MESSAGERIES MARITIMES Indian Export U.S. REPUBLICANS WOULD

M

"GRENOBLE"

+"MEKONG"

Arriving Leaving

M

Outward Yor

Europe

Homeward For

Aug. 21 Aug. 26

Aug.

*"FELIX ROUSSEL” ............Aug. 18

For passenger and freight.

Aug. 10 Aug. 18

N. Africa & Europe Marseilles vix Manila

For freight to Saigon, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,

Accepting cargo via Marseilles to all Mediterranean & West Africa Ports - Via Djibouli to Madagascar,

Subject To Change Without Nailde.

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 Korca, Japan, China, Philippines, Indo-China, Slam, Malaya, Burma and East Coast Indian Ports.

"LENEVERETT"

Arrives July 27 from Manila. Sails July 28 for

"REBEVERETT"

Singapore, Swettenham, Penang, Rangoon & Calcutta.

Port

Arrives Aug. 6 from Singapore. Sails Aug. 6 for Japan.

(Accepting cargo for transbipment Kobe/Pusan and Kobe/Okinawa}

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 ALCYONE”

Arrives Aug. 3 from Kakinada,

Aug. 4 Sails

M.S. "THAI"

for Kobe and Yokohama.

Arrives Aug. 9 from Philippines.

Sails Aug. 10 for Kobe & Yokohama.

(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

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

OFFICIAL NOTICE

Proposal to change Ships' names

We, The Hong Kong Eastern Shipping Co., Ltd. of Room 46, French Bank Building, Hong Kong hereby give notice that in consequence of CHANGE OF OWNERSHIP, we have applied to the Minister of Transport, under Section 47 of the Merchant Shipping Act, 1894, in respect of the undermentioned Tugs and Lighters;

Of Cloth

New Delhi. July 22. India in 3051 exported 10.000,000 yards of hand- loom cloth which earneds forelan exchange of 89.- 000,000 Rupees (US$10,- 000,000), according to Commerce Ministry figures,

The mala Importer

Malaya, Burma, wero

Zanzibar, Ceylon, Slam, Sudan, Mauritius, Borneo, Jaya, Sumatra, Fij), Sonih Africa and French West Africa-Associated Press,

American Cotton Acreage

LESS THAN LAST YEAR'S FIGURE.

New York, July 22. Cotton in cultivation in the United States is cur- rently estimated at 26,122,- 000 acres by the Journal of Commerce. That is 6.4 per cent less than last year's

acreage. -

Was

The condition of the crop was reported good in all areas except Texas and South Carolina, where the condition

reported slightly below last year.

The average for the entire cotton belt was 86 per cent of normal, compared with 83 last year and 78 two years ago. The Weevil Infestation, however, wus rated about five per cent greater than last year.

The Journal estimated present crop at between 15,750,000 500 bales of and 18,250,000

pounds compared with last sea- son's output of 16,130,000 bales, grown on 27,917,000 acres,— Associated Press.

TRY

OF

FOR ABOLITION IMPERIAL PREFERENCE

(From R. M, MacColl)

Chicago, July 22.

If the Republican Party produces America's next President, America will be committed to press for the elimination of the British Common- wealth's system of Imperial Preferences.

This is made clear by the Republican's foreign policy programme.

The whole concept of Empire Preferences has always been anathema lö Republicans of all shades.

HONGKONG

SHARE MARKET

(From Our Correspondent)

on

the

Business tapered off sharply'

Stock Exchange

turnover being only morning, $4,802.50, Noon quelallons and

Wheat Crop A Record

Damascus, July 22, Syrla is expected to pro- duce a record wheat crop of 850,000 tons this year, according to an estimate by the Government Wheat

Even General Eisenhower, who favours Tow American tariffs on foreign goods because he does not wish to risk, a re- of duation in the importation vital Tow materials from Office. abrond, agroad with the com-

This,

Government officials mittee that Imperial Preferences

say, will permit the export of ought to be scrupped.

around 250,000 tons of wheat in 1952, while last year Syria had to import 50,000 tons to meet local requirements,

The commillee's report says that it favours "the expansion of mutually advantageous world trade.'

The Chamber of Agriculture, representing Syria's big farmers, to preming the Goverminent to conclude agreements with coun-

But to further this, di says that the Republicane ought this

отека от the elimination of such "discriminatory against our exports ferential turifts, licence restrictions arbitrary devices."

the morning's transactions:-

SHARES Buyers BELLENS SALES

BANKS

Hi Lank

East Arta ... 241

INSURANCES

Canton

1430

225 Union ...

723 7423$ Underwfliers 0.10 5.30

DOCKS, ETC.

Dock

Provident

1504334

the

11.00 S'hal Dock. 1.40 Wheelock

1036 12

42 (23) 300 @ 42

LAND, ETC.

AK Hotel... HK Land

01% 200 6.70

(016) .... 447% 45% (Bonus)

S'hal Land . 133

UTILITIES

18.00 IB.70 1000 ɛə 18.70

Peak Tram

(014)

(New)

13

Star Ferry

27

C. Ligi (0) 6.43 0.85

NEW YORK MARKET

New York, July 22. Trading in cotton futures was

with

routine,

point

prices giving

ground under their own weight in the between-casona Jull.

nod 5 lower to a Futures

rallied lightly in the afternoon and finished JOLT. to 4 points

New Orleans closed 5 10 points Jower. Traders preferred to watch the Democratle Convention doings

Chicago,

awaiting new market Incentives and clarifies

the Korean situation. The

favourable new crop prospects and the general belief that export salts will be lower in the next season continued pressure on the list. Prices closed today as follows:--- 40.05 nominat

tion

of

to exert

Spot

October

December

35.60

38.48

March (1953)

36.30

May

July

38.75 nominal

October

December

NEW ORLEANS

Spot

October

December

March (1953)

May

July

October

December

34.32 bid

34.11 nominal United Press.

MARKET

33,01 bid 36.45 30.44 30.34 bid 30.17 bld 37.74 bid 34.20 bid 34.10 bil United Press,

Rubber Prices In World Markets

Singapore, July 22. Prices of rubber futures closed today as follows:- Number 1 rubber, per it.

August

·September

October

672,-10 0731-34 574-12 Number 2 rubber, August - Nurnber 3 rubber, August 774-783% Number 4 rubber, August 73-74 Spot rubber unbaled Blanket erepo

Trom

24

C. Light (N) 8.70 5.50 Electric 2314 Telephone.. 1730 1718

INDUSTRIALS

Cement

practices tries which imported Syrian as pre-wheat in the past. These agrco- menetary ments, they said, should be colt- and other cluded before Eastern European crops are offered on the market, Main importers of Syrian wheat in past years have been neigh- bouring Lebanon, Jordan, Ger- many, Italy, France and Greece.

And they add that America's reciprocal trade agreements will be entered into and maintained

"an a basis of true reciprocity, and to safeguard our domestic Government informante st on wheat trade in enterprises and the payrolls of restrictions our workers against unfair im-Syria-applied when supply was short-will be lifted partly in port competition."

order to stimulate

export Farmers will be allowed to their whoat freely provided they deliver one-third of the quanti- iles they intend to export to the Govermanent at a fixed omelai price.

OMINOUS PHRASE

The committee which pro- duced this uncompromising re- port is under the chairmanship of bespectacled Senator Eugene Millikin, of Colorado.

Senator

This, informants said, will be

Pounds Millikin, a Right-280 Bylan

(about 1500 18.00 winger, has always been dond | US$80) per ton. The froo mar. from 200 to set against the Reciprocal Tradekets price varies Agreements Act (the Act which 280 Pounds (US$68 to US$70) makes certain tariff concessions per ton. on behalf of America in cx- change for advantages abroad).

The phrase about "true elprocity" being the basis of

American future

action ominous.

Ro means that a publican administration would

16.00 500 16.00 | A 16.10

Rope

STORES, ETC.

Dalry

18.20 18.00 600 @ 13.40

Watson

L. Carwford 3 ..'(Bonus) 736

COTTONS

Ewo

1.30

5 520

MISCELLANEOUS Yangisze..Y

200 € 2.30

Foreign Exchanges

In N.Y

Canada England olliclaj une cial

New Zealand

Elelgium

Denmark

France

West Germany

Ifolland

Italy Norway Portugal

Spaln

Now York, July 22.

US$1.03-1/16

2.7834 2.58bid/2.61 asked 2.78

30-day futures

90-tiny futures

2.76%

Australia

2.28

South Afrien

2.2016

.0188 .1455 .0023-0/14 4.20

* .0014

.1406

.0370

,1365

Sweden Switzerland

.**35

Middle East

Egypt

2.321/

In Iraq

.03125

22.70

Turkey

.6975

MOTOR TUG

MOTOR TUD

KOTOR TUG

DUNG LIGHTER "HKT L-522"

DUMB LIGHTER “HKT L-823" DUMB LIGHTER "HKT L-524”

DUMD LIGHTER "HKT L-895" DUMB LIGHTER "UKT LÄBIT” DUMB LIGHTER “HIKT L-620"

Omielai

Gross Registered New Name Number Tonnage Tonnage

94.13 60.41 "HKT HADDOCK” 191421

*KURAU" * "TENGERI" 27.03 **HKT LIONFISH" 101402

24.02

191443 27.03 14.02 "PARI" "UKT BAYA"

101442

205.GO "ETESCO 101" 200.14 101438 206.14 205.00 *HIDSCO IE 112:29 206.14 205.60 "ESCO 10

200.14' 205.00 191425

"YIESCO 10

200.14 172044

*ILESCO 103*** 205.00 172045 200.14 209.00 "ESCO 106"

87-88 07 -49 107-112 No. palo crepe

Untied Press. NEW YORK MARKET

New York, July 22.

rubber Prices

fulures of closed today 70 to 85 points sales totalling 49 lower with

cbsed. ns Prices contracts.

Latin America

Argentina

0040

Brazil

0500

Bolivia Chile Colombia Cuba Mexico Paru

.0083

402

1.00

1159

Uruguay

Venezuela

.2003

Far East

20.00 bid

India

.2094

20.10 nominal

Pakistan

.2030

November

28.00

Hongkong

17:5

December

21.10

Indonesia

.3015

January 1953)

11.75 nominal

Ringapore.

.3205

February

27,49

Japan

360 yen to

March April

US$1 -United Press.

Mery

June

July

August September

follows:

Beptember October

of HONG KONG REGISTRY heretofore owned by The Hong Spot Kong Eastorn Shipping Co, Ltd, and to have them registered in the new names at the Port of HONG KONG as owned by The Hong Kong Eastern Shipping. Co., Ltd.

27.05 bid"

26.77 nominal 20.00 bid

20.02 nominat

24.10

21.03

25.75

::

31.00 United Pres

London, July 22,

LONDON MARKET

of rubbi futurea

follows:-

rubber, in

Prices closed today as

1 Number

pence per 25. August September October/December

April/June

Any objection to the proposed change of names must be rent to the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearance of this advertise January Merch

ment.

'1

Dated at HONG KONG the 19th, day of July 1952.

The Hong Kong Eastern Shipping Company Limited. Japanese bonds

NEW ECONOMIC ATTACHE

Talpel, July 22.

The US Embassy today an- nounced the arrival of a now

call

for many. concessions by the nations of the British Com

America's O monwealth, if terifla wero, not to.be jumped

her

The safeguarding of America's "domestic enterprise and the

of payrolis workers" is a typical Re- publican doctrine of the old tuard lino.

MADE CLEAR

If the old guard has been

also urged the Government to The Chamber of Agriculture

take stern measures to curb smuggling of wheat through the Byrian borders to neighbouring Turkey.--Associated Press,

Compensation Agreement

Is Extended

"VAN #KUTIK" "TIIKANPER"

"TJIWANÓP

***JILUWASI

INTERO

SAILING'a

July RA

Page

ZINES

To

Djakarta, Tiirebon,

Burabats & Macallar Bingapore. Djakarta,

Rurabala ·& MačasiKT

- Japan (vin Manila)

NIMATEDI.

Bomarang

BIKERDOTE, MAURITIUS, ·9. ^ Afrios ›a

****America

Singapore) Penang. Belawan Dell, Mombasa, Tanja. Langsbar,. Duri

American”

Tiirebon,

Buradata " Atacavant

Aftica

Səmrabs,

Djakarta, HemataDS,

Surabala & hiucasoaT

July

Aug.

"ROIĢSEVAIN"

Aug.

"TIITJALENGKA”

AME

"ATHAAT BANKA"

ADE.

2

-Salaam,

*TJIHADAN299-

Apr. 30

Japan

"TJIBODAS"

Aug. 13

Djakarta.

Aug. 16

Bingapore,

"VAN HEUTST”

TJIWANGPS

Aug. 21

Bept,

MARABBAR" *TJITONDOE"

"BOISSEVAIN" "TJILUWAIT

*THKAMPEK”

"TEGELBERG" "TJIWANGI"

Dept.

Beyt,

Bapt.

•

Sept. 16 Bept, 25

"STRAAT

"VAN BEUTSZ" *STILAAT

MARASSAN "TJIBODAJ"

"TJIĻUWAH"

"TJIWANGI"

"VAN HEUTSZ"

TIKANPER "BUISSEVAIN"

"TJISADANE"

Dept. 30 Uci.

Oct.

Qet. 12

OcL 26

Singapore, Penang 4 İşlawan ·Del Blagapore, Djakarta, Hematans,

Surabala & MiscaLLET

Zapan

Djakarta,

Titebon,

Durabala & Dincassa

Semarang,

Manila, singapore, Mauritius,

s.. Antes à 9. Ameriem

Singapore.. Djakarta, Semarang,

Gurahaia & Macassar

DJakarta, Tiirebon,

Burabats & Macint

Japan

BLIKA pure, DJakarta,

Bemarang,

Semarang,

Surabhi & Macassar Singapore, Penang & Belawan Deli Marlis, Bingapore, Mauritius,

9. Africa & §. America

Djakarta. Tilreton,

Hemarang

Sarabala Maaskar Slogapore, Djakarta, Bemarang,

Burabala & Macassar

ARRIVALS

In Port

In Port Juty Es July

30

Ang

"TJITJALENGKA" Aug. 7

From

Djakarta, Bemarang, Surabala

Macassar

E. Africa, Mauriiius & Singapore Japan

8. America, 8. Africa Mauritius,

Singapore

4. America, +

Mauritius Singapore

Japan

MAERSK

LINE

FAST FORTNIGHTLY SERVICE TO:

Africa

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vla BAN FRANCISCO, LOS ANGELES and PANAMA.

NEXT SAILINGS M.S. “JEPPESEN MAERSK” M.§. "HULDA MAERSK” M.S. "TREIN MAERSK"

M.S.

M.S.

ARRIVALS FROM "TREIN- MAERSK"

PETER. MAERSK”**

M.S. "NICOLINE MAERSK”

July 30 Aug. 16

Sopt.

U.S.A.

Aug.

6

Aug.

11

Aug. 29

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN & CO.

Pedder Building.

Santiago, July 22. The Chilean-Italian, agred

appreciably pushed back in other parts of the field of ment of global compensation, foreign relations, it is evident which expired on June 30, was until October 31 that

has scored a triumph on extended

through an exchange of notes one of the points on which Re- publicans of all stripes have between Eduardo Yarrazeval, Minister of Foreign Relations, always been united.

and Dr Nicolo Moscato, Italy's Charge Affaires,

other Sonator Milken and Right-wingers have always been restive over Imperiat Pre- forence, which is intermittently held up, in and out of Con- gress, as a foarful example of discrimination against American interests.

The Ministry of Foreign Re- lations and the Italian Govern- ment agreed to allow, pending. the drafting of a commercial treaty, the purchase of 30,000 tons of Chiican nitrate, free of Qttawa con-import duties, to be shipped ference of 1032, British Empire during the current nitrato year

Ever since the

Trade has been under attack.

Now the Republicans make it clear that they intend to finish the matter once and for all should

they be returned 1 power. London Express Ser Vice

W

The Chlican Cloverment is authorising the importation of and materials various manufactured products from Italy, including artifelal Abres, cotion and wool textiles, lextlie and printing machinery, tract- era and other farm equipment, and electric products not manu-

Press,

New York Stock Incured in Chilc,-"Associated

Exchange

New York, July 22. Stock exchange prices had their best gain in a week with Industrial avorages climbing near the best lovels over 20 years on moderately increased volume.

Dealings totalled $10,000 shares..

issues traded, 430 of 1.048 advanced 322 declined and 290 were unchanged. Steels firmed. Activity was centres mostly speculative iksuos.

in

Dow Jones averages at the ond of the session stood as follows:

30 industrials

20 rails

10 utilities

40 bonds

275.95

101.19

50.00 08.75

United Press.

MSA Official Back

In Taiwan.

Taipei, July 23.

Mr CL Terrel, Deputy

Decork attache, Mr Joseph 2016-0714

Vander Lann...

Mr Vander Lann, before cam-Chief of the MBA China Mission,

20 3354 2814- 2418-230 24-242

Infled Prem,

JAPANESE BONDS

T. N. Macfarlane.

London, July 22.

"A" (42 of 1800)- "B" (48, at 1010) "C" (45, at 1097) "P" (69, of 1934)

AA%

120

103

--Acting Manager

144

Consola

€

LONDON TIN MARKET.

London, July 22. Prices of tin were steady, with turnover of 30 tons of which 13 tons were for cash. Prices closed at the end of the official morning session as follows:-

Spol ifn, buyere

Spot tin, weiler

Business done al

064 983 Three-months tin, buyers a Three-months tin, sellers 061

06314-903 Business done at Settlement

90315

ified Press,

nation's capital.

Tel. Nos. 86066-9.

Britain Still The

Biggest Exporter To South Africa

Ottawa, July 22.

The ex-enemy countries are growing rapidly in South Africa's import trade market but Canada is in the third position, the Trade Department said today.

Canadian exporte to South Africa" last year totalled $52,700,000, a healthy increase from the previous year's total of $42,500,000.

•

Mr Kenneth Noble, Canadian -This rise cannot be attributed Government Trade Commissioner exclusively to shipments of wool. In Capetown, reported in this It is, however, changing the of South week's edition of Foreign Trade, rder of importance published by the Trade Depart Africa's export markets. ment here, that several European

The United Kingdom continued oquntries are making substantial

Africa's to be South

major- progress in sales to the Union.

export market. The other loading The United Kingdom remains

customers in 1951, in order of the major supplier of goods to importance, were France, the South Africa, sending goods to a United States, Switzerland and value of $128,400.000 in 1960 and | Saudi Arabia.-United Press. $157,800,000 in 1931.

Canada's exports to Africa rank third

South

behind the

United Kingdom and the United

States,

German Cars For Japan

Tokyo, July 22..

Mr Noble said, "The ex-enemy. countries have become increas- ingly large suppliers of the

The Japanese Foreign Omoo South African market.

Increased "Ballpr exports

revealed today that Japan - has to from

$1,700,000 in 1940

been pegotiating with West Gor- in 1931. Japanese many for the import of German

wimited to $700,000 | passerfter motor cars with part of

Japan's over-balance on the open. account with West Germany.

The Foreign Omce said the projected imports include Volks wagen Gaman miniature cars.

The Foreign Ofles refused to ravenk further details.

totalled $12,300,000 in Exhibition Of

1951. Supplies, from West Ger- many increased: from $1,800,000 In 1049 to $14,000,000 in 1981," Textiles

In addition to the ex-enemy France, the countries, Belgium,

and Switzerland Netherlands, Sw

Press reporia, meanwhile, sald Washington, July 22.

the manufacturore of the Volks- The first extensive exhibi- Norway are rapidly increasing ing to Taiwan, served in similar returned here today after sevention of Swedish textiles in the shipments to the Union.

Belgium multiplied her exportswagen are interested in a flowp posts in The Hague, Johannes- weeks in Warington where he United States is on display in

It will fourfold, Switzerland tripled hers with Japanese car manufacturers doubled-theirs to secure the Far Eastern market. burg and Djakarta-France recruited additional specialists the

Reuter. for the programme for 1053. continue through July 30 in the and the others

Natural History Building between 1950-52. the Smithsonian Institution

CILANGING ONDER· Later, it will be moval le other cilles.

On South Africa's exporth alde, The examples re Jim Copra : Quotation feet tho varicly. and Mr Noble said, a fow. Countries artletic schlovemonts of the could be considered substantiai. modern customers for the Union in pro- Industry

Wool and Sweden, The display includes ducts, other

than rugs, draperies, fumiture diamonds.

Recently exports to France, fabrics, tabip linens, embroidery,

and liveods.--Aségclated Switzerland and Saudi Arabia Minherpola ipres

Priess. have gone upʻsiahstankially,

Preise.

Exchange Rates

Duginata (was done, in, the locat

exchange market. ' unoficial. morning at the following rate US dollar (per. 33).

Sterling note, iper, £1) Indonesia qulidora) (per: 100).

Siam tickle per: 100):

60% Ringapore (Biraits),

'FIC pinalewa-¿par÷100).

Tertico-PreSTE,

New York, July, 22. Copra was quoted today at $125 per: short ton, nominal b. Cocoanut oil was quoted at

By conta a pound, namihal United Press

Prost

SEEDS, AND OILS

New York, July 22′′- Prices ja the secla, and oils market elored unchanged with the following exception:

Flax Seed, per bushej, 5:0.3. $4.01. United