1952-07-31 — Page 9

MESSAGERIES

M

"GRENOBLE"

"FALAIBE"

THE CHINA MAIL, THURSDAY, JULY 31, 1952.

MARITIMES

Japan Increases Coal Output

Arriving Leaving AUG. 21 Rept, 1 --Яept. 18 Sept. $1

Keblung Aur. 10

+"MEKONG"Hongkong Aug. -"FELIX ROU§§ËL” ........ (Atte. Is

COURSEULLES”

For passenger and freight,

M

Qulward For

Estope Europe

Homeward For

Aug. 11 Aug. 11. Aftica & Europe Aug. 18 Marselliés via Manila Sept. 9 ¡N. Africa & Europe

For freight to Balgou, Alplers, Oran, Tangier, Casablanca, Hayre, Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

yla Marselles to all Mediterranean & West Africa Porta. -via Djibouli to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 59, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (3 lines).

LINES

EVERETT ORIENT LINE 'Fast cargo and passengers service refrigeration space available for Koren,, Japan, China, Philippines, Indo-China, Siam, Malaya, Burma. and East Coast Indian Ports,

"REBEVERETT"

Arrives Aug. 8 from Singapore. Sails Aug. 9 for Japan.

"BRADEVERETT“

Arrives *Sails

Aug. 12. from Manila..

Aug. 13 for

Singapore,

& Calcutța.

Swettenham, Penang, Rangoon

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

EVERETT STAR LINE

Lomion, July 30,

The Tokyo correspondent of the Financial Times re- ported today that Japan's coal production continues to increase while exploitation costa steadily diminish,

The writer bald that thin was due to the carrying out of an extensive pro- gramme of mechanisation and rationalisation in which German methods and equipment were -largely used.

Japan in alting at the production of 53,000,000 tons of coal in 1954. France-Presse.

Uncertain

Trend In NY Cotton

New York, July 30, Colton futures moved sharply both ways down as much as $1.50 a bale on overnight hedg-¦ Ing and profit-taking following The nows of rains and cooler weather in the Memphis area where crop damage had been feared during the spell drought and high temperatures, and up as much as $1 a bale on trado buying and short

overing

of

The Aus prices were un- changed to 20 points higher with nearby months the strongest.

Prices closed today be fol

lows:-

Spot

October

December

March (1033)

40.70 nominal

37.92-27.05

37.73-37.75

37.94-37.09 37.45-37.50 30.90-38,93 34.03 nominat 34.60 nominai -United Irens,

NEW ORLEANS MARKET

MAY

July

Port

October

December

Spot

October

December

March (1953)

May

July

Fast cargy and refrigeration spaces available for Korea, Japan, China, Philippines, Indo- China, Stam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports.

FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR ALCYONE” ·

Arrives Aug. 5 from Kakinada. Sails Aug. 6 for Kobe,

Yokohama.

M.S. "THAI"

Osaka

Arrives Aug. 9 from Philippines,

Sails Aug. 10 for Kobe and Yokohama.

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

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telephone 31206.

Chinesa Department: Telaphono 28293.

Britain Insisting Payment Of In Dollars

On

Bonds

New York, July 30. According to banking circles, British insistence on the payment of so-called "dollar option" bonds continued to overshadow negotiations as the Japanese consultations with American, British, and French holders seeking a settlement of approximately $389,000,000 of Japanese pre-war bond indebtedness went into the second week here.

October December

37.00-37.94 37.73-37.74

30.75

37.03

37.47

30.94 34.01 bid 34,70 bid

United Press.

SOUTH AFRICA PLANNING

TO SURPASS CANADIAN.

OF PLATINUM

OUTPUT OF

London.

For many years Canada has been the main producer of platinum, which it mines in conjunci tion with nickel.

Ceylon

However, South Africa, the only other large sento Considering

producer, is now coming within reach of the Canadian output and plans to surpass it in the near future,

Statistics of platinum output South are dimcult

to obtain since most figures include members of the platinum "family" of metals-palladium, osmium and iridium, for instance-but for a con be gauged, world output of pure platinum rose in 1951 to about 310,000 ozs, against the 1040 gure of 204,-

000 oz.

50

the ore in the

Africa, which how suffered in the past from the bottleneck caused by the neces sily to refine UK, is likely to increase output greally with the erection new refining. plant at the fun- ienburg mines.

It is claimed that the aa

African output in 1959 will be over 175,000 ozs a figure which compares remarkably with an output of only 70,000 ozs in 1950.

OTH

Of this former figure Cann- de produced 158.000 azt. South Africa just over 100,000 and the balance cómo

almost entirely from Alaska, Ethiopla

These and Colombia,

figures exclude Soviet Russia, a large producer, but about whose cut- put no patibiles at all вто avolioble.

PRICE SYSTEM There is a three-tler price the metal. This system for exists becouve South African platinum is sold at £27 per ounce, while Canadian plau num fetches £33 per ounce, in order to keep In line withi

Bouth

HONGKONG

SHARE MARKET

Barter With Peking

#TUWANGI".

PROISSEVAIN" KEJTJALENGKA"

"STRAAT DANKA“

PJISADANE* "TJIDODAS"

"TIILUWART”

"VAN HEUTE 24 WTJKYANG?"

*STRAAT

MAKASSARTM* #TJPONDOK" “DOISDEVÄIN**

Pago

INTEROCEAN LINES

BALLIKOE

"Histebula & Micasse

Japan (via, Manila)

Bingapure, dimuricus,. 5. Africa

G.. Americs..

Padang, Balayan Uşti. Membrand

Avg. AVE

Aug.

"

Λυκ.

App. 12

Apt. 18'

AIDERUOTO D'ANAFALA

Abg. el

dept.

Bent.

Sept.

Sept. 9

WTABIAN".

"TJILUVAD”

Sept. 24 Beat, I

"TJIBADANE” КТЫКЛАТЬЕ"

"TCOLLBENKI" "THWANGI"

Sept. 19 Sept. 25

Bept, p

ock...

Colombo, July 30. The Ceylon Government is considering a rice-rubber "VAN HBUTEZ” agreement with Communist China...

The Food Minister, Sir Oliver

he Gosnetileke, who returned yesterday from Lordon anud Washington, where he had talks on food for Ceylon, discussed Burma, with Ceylon's envoy to Susanta de Fonseka, the possibl- lity of such an agreement.

Mr do Fonseka had talks on

the the subject with

Chinese to Burma before Ambassador coming to Ceylon for a holiday. During the first six months of this year, China bought Ceylon rubber worth 50,304,131 rupees,

customer.

(From Our Correspondent) making her the largest single

Buskness on the Stock Ex-

The Prime Minister, Dudley

told the House of

the US price; both these prices change this morning amounted to | Mrs. Today that Ceylon

SHARES BUYERS BELLENS SALES TANKS

+

a mission to Com- is sending munist China to buy rice.

The Premier said his Govern ment is prepared to pay the Reds a reasonable price for supplies of Ceylon's

major food grain, fer, the Food Minister, Sir Earlier, Oliver Goometilde had indicated

Western

could Gources 750 that

aupply Ceylon with rice for the

have remained constant cinea $158,120 in value. Noon quola- 1080. Free market or invest-ons and the morning's transar

platinum, on the other lens: ment hand, has fluctuated vlolently in recent months. Last year the US was unable to obtain enough platinum for its rearm- ament requirements and tered the free market, thereby sending up prices, which were as high as £60 per ounce in De- cember.

Since then increased supplies have become available and the "free" price has cased to about £40 per ounce. The US in by for the largest Importer of platinum, absorbing well half of total world output. In the US imported over 17,900 029, and it is estimated that by the end of the year it will have

Grain Prices March alone of this year

In Chicago

Chicago, July 30. Wheat futures closed today

to higher and soybeans were 1 to 2 higher with traders smaller demand for Icaring a U.S. soybeans, stemming from the incroused world production and Manchurian competition. Prices closed today as follows:—

Wheat price per bushel

#12416-2.23 9.3334-12 2.3016-14 2.433-2.441% 9.433

Spot September

1.77-1.7730

December

March

May

Corn

Spot September December Murch

1,84% nominai 1.80-1.7D1% $7314-16

May

1.761

Rya

July

2.00%

September

2.0811

Ont

July

11-8023

Beptember

85-853

New York fiour-pet 200 its. Sack $12.30United Press.

nzs.

Over

taken approximately 225,000

NEW USES

Many new

uses for the motal have been discovered in the chemical, electrical and rayon industries and, therefore, in spite of increasing

world output, supply is not likely to overtake

demand fox sorria time to come. Platinum, ls - of real Importance in the develop- ment of atomic energy and conalderable proportion of US to imports may be presumed have been for use in this feld. medical Finally, its value for purposes, in the treatment

the cancer and

building of X-ray-apparatus, --- for- instance, is now widely recognised, and the demand for these pur- poses, although now very small, is kely to increase in the future.

of

HK Bank

INSURANCES

1430 10 10

Vaton 483

Ik rite...

SHIPPING.

Arka Nav, ...07%

DOCKS, ETC.

K. Whart

10 1400

18

80 200 83

N. P1. Wharf 5.30 6.25 Dock

18 10.30 Provient S'hal Dock. Wheelock

LAND,

Shal Land Humphreys UTILITIES

Tram

5/0

.. 0.33 0.45 2000 @ 640

1.43 12

10.10 19.30 1500 (3 19.20

P. Tram (0) 20

P. Tram (N)

Star Ferry

100

C. Light O) B.IS. B.CU C. Light (N) 5.00

Eletric

Macho Elec. Telephono INDUSTRIALS

Cement Rape

STORES, ETC.

Jaky

COTTONS

· Watson Ewa

21.00 22

next six months.

Communist Chinese agents in the last few months have mado several offers of rice in exchange for Ceylon's rubber,-Reuter and Associated Press.

First Japanese

Ship In Suez

0.55

In 12 Years

17 1732

17 17.30 10 181

The

10.20 181

215 24.70 300 21.60

MISCELLANEOUS

Entertainment

2.80 2009-60 2.40

17.40 100 17

Indian Trade

With Russia

New York Sugar domestic supplles being absorb 1991-52

Futures

New York, July 30. World sugar futures closed 3 lower to higher with jes totalling 27 contracta,

Contract No. 6 closed-1 to 4 lower with sales totalling contracts.

Prices closed

follows:-

25

today

15

Contract No. 4 (world)

September October

JANURRY 1833)

March

4.00 4.07 bid 4,02 bid 3.00

3,91 nominal 3,03 nomitta 3.91 asked 4.08 Contract No. G

4.00 bid

MAY July September Spot...

September October January (1833) March May.

According to the same circles, American bondholders, represented at the conference by the Foreign Bondholders Protective Council, were believed to be opposing such spot c'aims whereby holders of such Sterling and French franc "dollar option" issues can decide whether to take pay- ment of bonds in dollars or in the currency in which bonds were originally issued.

It is

the to joint statements when sig believed that Eritish Insist that certain bond-nificant developments occur.

to holders be allowed

lako Sterling in London or dollars

at lower rutes.

that

that

6.00 bid

6.60

8.50

4.72 nominal

5.74 nominal

United Press.

Rubber Futures In S'pore

Singapore, July 30. Prices of rubber futures closed

Number 1 rubber, por lb. today as follows

Augus!

the con- atmo-

September

October

Number 2 rubber,

August

Number 3 rubber,

Augu

However, it in belleved nt $4.8085 per Found and others the almost daily meetings, for

mally and informally, of

are being four Powera It is belleved

a friendly the ducted in Americans are opposing any sphere with discussions candid payments in dallars. They and forthright; erque that such payments would; American finance and trade.

ja It

bellevod

that

а AS

自

0812-29

004-1

BJ14-%

7814-36 77324-74-14

60+53 100-11:3 Unlied Press.

Seeds And

the

Now York, July 30, Prices in Ure sons und olls market here closed unchanged Tung oil, in tank cars, F.O.B.

the

Number 4 rubber, place an added burdien 00 Japanese, who have expressed August

the Intention of reaching 4 pat rubber, unbaled.. 14-16

Blanket crepe. the Americans satisfactory coltlement Furthermore,

their No. 1 vale crepe to strengthening to oppose are expected

any basis porvible Brilish claims for work credit position, are cn- a sottle- payment taking cognizance of deavouring to reach the devaluation of the British ment of their external indebted-

frane ness which will place Pound and the French which, the

are lightest burden on the economy Americans pr.dtestood to bellove, in effect without sacrificing the pre-war multiples British and French commitments.

claims.

At present the Pound Sterling

in being quoted in New York at, around $2,70.

tional

This did not include wheat

PETRAAT

MAKASSAR“

*TJIPANAS"

"TIRODAS" *THLUWAH"

|| "TRWANĠTİ

"BOISSEVAIN"

"TJETJALENGKA"

"BTRAAT BANKA" OTJISADANK"

"TJLUWAII"

VAN HEUTAE"

HİNERDOTE, - Djakarta,

Manila,

BAMA FABU

SALDATURAS

AVIKÁLANE,

Mabric

Sematant,

"aurabata""@" slicnsrap-

Singapore, Penang & Belawan 'Dell

· Surabala, a hiáṭusine

Jabab

Djakarta, Kriŝirebon.

Surabala & Machtiar

Singapore,

9. Afrion 6. B. América

Здрал

Singapore, Digharia,. ·Samarane

Surabais & atacassar

Bingapore, Penari à Belawan Deli

Djakarta,

Tilrabon,

Surabala "hiscanize

Jeban

Singapore, Djakarta. Semutang,

Surabria & AIRCAENDY"

Siakapore,, Proăng & Belawan Doll

5. Africa & §. America

Japan?

Djakartą, Tirebon, Semarang

Borbála Maaskar

Vingapore, Dialarts, Semarang.

ARRIVAL

in Fort

Aug. J

"Surabals & MacsijasN

From

Djakarta, Semarang,

· MARRELLY

Bucsbals

B, America, 8. Africa, Mauritius,

Bingapor Japan

Гарад

8. America, E

A & Artic Martin & Singapore

facadent. Burabala, Semarang,

Djakarta, & Bingapore

Japan

"Get.

Oat. 1

Oct.

11

·

Aug.

Aug.

*

Aür. 12

Aug. 10

MAERSK

Mauritiu

LINE

FAST FORTNIGITTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "JEPPESEN MAERSK” .. In Port Buoy All

ARRIVALS FROM_U.S.A.

MS. "HULDA MAERSK”

MS. TREIN MAERSK".

M.S. "TREIN MAERSK❞

M.S. "PETER MAERSK"

frut

M.S. "NICOLINE MAERSK”

AGENTS:

Port Sald, July 30.

the passage of Japanese ship, the Helan Maru, through the Suez Canal In 12 ship- years was celebrated by ping circica today.

A reception was honour of the the Sawada,

"Ein,

held 1 commander of Captain Totzuze in the

Hotel at which

Casino Palaco managers of

Aug. 16

..... Sept.

Aug. Aug. 11 Aug. 30

7

For Freight and Further Particulars please apply to

JEBSEN & CO.

shipping companies, Suez Canal Pedder Building. Company ofelals, the Gavern- ment of Port Said, and many

ther

*representatives of the Egypton Government partici

patod.

The Helan Moru, of the Nippon Yushen Kaisha,

launched last

the year from

Nagarald shipbuilding yarda. She carries 4,000 tons

High Tariffs

WAB PENINSULAR

of

Before the war, in the UK platinum was used mainly for

New Delhi, July 30. jewellery, over 80 per cent, ot India's trade with Moscow in steel and 1,000 tons of timbor

totalled 82,000,000 for London and Antwerp. ed in that way in 1038. To-Rupees,

favourable well as 5,000 With A

tons of goteral various for

Mediter- day the figure is under 10 per balance for India of 55,400,000 cargo cent. The high price of the

Franco-Presso, ranean ports, Rupees, the Commerce Minister, metal, combined with the heavy T. T. Krishnamacharl, told purchase fax which all jewel questioners in Parliament. lery attracts, makes its use im- practicable. In the US, the Na-imported en Government ac-

Production Authority count, he said, last year forbade outright the

in Jewellery the preceding three years: use of platinum and this ban is still enforced. 1050-5110,000,000 Rupees

there is a

large

with a favourable balance to India of 11,400,000 Rupees, demand for

plati-

-204,200,000 1940-502

Rupees num in countries with weak or unstable

and al- with an adversa balance to India currencies,

of 129,400,000 Rupces; and, though comparatively email,

1948-49 $1,200,000 Rupees degree of private hoarding has

UK with a favourable balance taken place. Control over India of 10,000,000 Rupees supplies, however, is exercised

DESDO | Associated Press.

Neverthelesvestment

by Baker Platinum and John ron Matthey, the firms

which

These are tho figures during

LONDON TIN

MARKET

2

to

distribute supplies from Canada and South Africa respectively. Thero companies keep

a close watch on end uses," and they will not subply platinum ex-

London, July 30. cept for bona fide purposes.

The tin market opened CONTINENTAL DEMAND

caster This morning with Deman ΣΤΟΛΕΣ Continental a turnover of 50 tons of which countries increases annually. 20 tons were for cash. Prices but many Governments are closed at the end of the effelal

of morning session as follows:- maintaining a strict quota import licences to dealers.

This is in

contrast to year's position when it was the Board of Trade which re fused export leences for plail-Seillement num to countries not in either the Commonwealth or the-dol- lar aren.

Spot tin, buyers

Dost

last

Spat tin, sellers

Business done at Three-months lin, buyers Thred-months In, sellers Business done at

United Press.

Exchange Rates

Business was done in the gest exchange market 3ds unomictal morning at the following rates: | U.S. daliar (per 337

Bierling note (per £1)

Under Fire

Whshington, July 30.

Tel. Nos, 86088-9.

& ORIENTAL

SEAM NAVIGATION COMPANY.

R.M.S. "CARTHAGE"

A government official today SAILS: urged the Unted Slates to increase its. purchases abroad and criticised those who seek to curb imports.

J. Schneider, Assistant Secre

NOTICE TO PASSENGERS

tary of Commerce for Inter= | BAGGAGE: naonal Affairs, writing in a

Government

publication, said: "To the extent that importa riso above

levels,

other present nations could purchase from us essential commodities we must now subsidise

Ahrough our foreign assistance programmes.

"These nations, as well as the American taxpayer, would wel- colf-sustaining trading come relationship."

He criticised the "few short sighted but very vocal persona clamouring

high tarif

for

FRIDAY the 1st Aug. at 12,00 Noon 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 the 31st July, 1952.

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

barriers and import quotas," HC EMBARKATION: said they includio tamo who are doing record business at home and abroad, and have only in- significant competition from im- ports-Associated Press.

JAPANESE BONDS

47%

15.67

Indonesia vilders (per 100) 2.08 33,30 Biam tieals (per 100)

1.74 Singapore (Btruita)

London, July 30. Japanese bonus

"Att (és, of 1809) "B" (4s of 1010)

81%

" (49, of 10071

12444

.........“D” (58. of 1034)

9134

FIC plastres (per 100)

"E" (5345. of 1934).

14145

Console

**

NY Stock Markot

-United Press.

THE

"POST"" TYPHOON

MAP

Will take place on FRIDAY, the lat Aug, 1962 between 9.80 ́a.m. and 11,00 a.m.

Interperating amand-

France, in particular, is im posing severe import restric tions on platinum.

Brazil, on the other hand, is absorbing more

can than t possibly use, for industrial, pur- hoarders poses and private must be presumed to be reapon sible

this for Other Jarge buyers this year include Western Germany

Italy

-HIGHER OUTPUT FLANS

·New York, Juls 30. ∙As world demand develops,

Dow Janar averagestions New York, July 30. Mounted $5.00. both Canada and South Africa end of the stock market session are making plans for increased food as follows:

301 Industrials output.

Canada: produced 30,000 034 20 ralla more in 1951 than in 1000 and 15 utililles alms at a similar rise this 40. bonds

it is believed that the. Br. with the following exception and the Low Countries, 19 tish are becking' about $200,- New York, per Ib. 3892-39 000,000 payments -under.

deltar opton: clauses de cena-Unlied Press,

the

cording to banking circles. The

Copra Quotation

Nó ófficial: word has been British claima total was co- forthcoming

can-timated at $200,000,000, the US Now York, July 30, from the ference on the progrem of the claim is about $107,000,000 and (discussions, under the formal the French claim about $2,000,-

agreement binding the parties 000United From,

Copra was quoted today at $125 per short ton, nóminal, United «Prod.

New York Motals

BUSINESS REGULATION ORDINANCE:

1952

Coples of the proscribed

mente to the Local Forms 1 (a) 1 (b) and 1 (c)) and New-Local: Stórm Signpl Codde.

Prices in the metal market: Unmounted $4.00. 278.24 closed unchanged with the 103.52 following exception:

Obtainable from

60.37 Platinum, (cot 90.5 per cent | SOUTH CHINA MORNING PORT 2004; 90.77} fine) per ounce. $93, - United HONGKONG and KOWLOON. Unlled Press. Packa

Now On Sale at

S. C. M. Post, Ltd. Hongkong and Kawloon

TEN CENTS EACH.