1952-08-05 — Page 9

MESSAGERIES M

1

THE CHINA MAIL, TUESDAY, AUGUST 5, 1952.

Page D

MARITIMES Priority For Arms America Making Rapid ROYAL INTEROCEAN LINES

Arriving Leaving

M

Outward For

"GRENOBLE” "FALAISE"!

********Apg. 27 Sept.

1

-Sept. It Sept. 21

Karape Europe

i

10 Aug. 11 12

13 AUR.

"MEKONG"

Jerung

Aug. Hongkong Aup.

Homeward For

N. Africa & Curope

אי

Marselies via Manila

*

N. Africa & Staraya

*FELIX ROUSSEL” ........-Aug. „J5___ Aug. 19 "COURSEULLES" .....Sept. 2 Sept.

Fur passenger and freight.

For freight to Saigon, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp & Holterilom,

Accepting enrge!

-Via Marseilles to all Mediterrangan & West Afrien Ports.

via Djibouti to Madagascar,

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

Programme

Washington, Aug. 4. The National Production Board today announced

thai the industrial *x- pansion programme neces- Bilated by national defence In the United States would receive the necessary steel allocations for the fourth

70 his year,

Lained

stand

will be main-

means,

even if 1

that other commercial and Industrial projects already approved have to be held

the Heard France-Presse.

up,

added.-

Recovery From Crippling Steel Strike

New York, Aug. 4.

Industry has made a good start toward rapid

recovery from the crippling steel strike. And with Gold

the recovery came indications of a new inflationary spiral.

There will be some faltering before the steel-

consuming industries recuperate completely.

Copper And Consuming

And Aluminium

There will be some plant shutdowns and some un- employment before the steel supply gets back to

normal. Tel. 26651 (3 lines).

P.O. Box 53, Hongkong Queen's Building (gr. floor)

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.

"REBEVERÉTT”

Arrives Aug. 8 from Singapore. Sails Aug.

9

for Japan.

"BRADEVERETT"

Arrives Aug. 12 from Manila.. Sails

Aug. 13

for

Port Singapore,

Penang, Swettenham, Rangoon

& Calcutta.

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

EVERETT STAR LINE

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

FIRST CLASS PASSENGER ACCOMMÒDATION

M.S. "THAI”

Arrives Aug. 9 from Philippines. Sails

for Kobe & Yokohama. Aug. 10 M.S. "NORDSTJERNAN"

from Japan. for Singapore, Madras, Bombay, Colombo, Karachi, Kharramshahr & Busrah.

Arrives Aug. 15 Sails

Aug. 16

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

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

Fair

Japanese Govt To Be

Strict On Trade Principles

London, Aug. 4.

The Japanese Government is taking vigorous steps to ensure that exporters observe the prin- ciple of "fair trade" laid down in the peace treaty. The Ministry of International Trade and In-

dustry has warned Japanese exporters that viola- tions of this principle will lead to severe penalties. officials believe that But Japanese Government exporters are not entirely to blame for some of the in- fringements already investigated.

Herrell Tilman, writing in

become

Japan's long-term economic the Manchester. Guardian, re-prospects, already gloomy, would desperate if ports Mr Taklo Oda, inter- quickly

were to erect national trade administrator of foreign countries

barriers ogalast M.I.T.I., as saying that sono additional

the complaints of staten Japanese goods and services, "designs' on! Japanese textiles and chinaware aroso

nufacturers were acting

Instructiona

Released

The

Washington, Aug. 4,

National Production Authority lay offered greatly increased amounts of copper and aluminium for practiently oll types of construction, Consi;uc- Hon affected includes resciences, omies and hotels.

The NPA also aid copper and alumulum could now be used for ornamenting and decorating! cars, refrigerators, stoves and sli other civilian goods-a practice banned since last July 1.

The agency also said the metats could be used again in gutters, store fron's, gratings and similar bullding parts,

Manufacturers of consumer goods will not get any more cop- ner and aluminium than they are getting now but they will be nble to te their allotments as they please to dress up their products fur greater customer appeal United Press.

Brazil May

Restore Exchange Mart

Expansion plans of many in- dustries may be slowed before the year is out.

The Defence Production Ad- ministrator made some gloomy predictions during the week re- garding the strike's impact defence expansion programmes, civilian production and employ- ment.

On

In the next few months, he expected A undetermined number of workers will feel

HONGKONG

SHARE MARKET

Price

At New Low

Canada

Altown Aug. 4.

"BOIBRYAIN" STIITFOLENÁkay "STRAAT BANKA"

"TJISADANE "TJIBONAR" "TJILUWAsto "YAN HEUTEZ "TJIWANOr

"ETRAAT

МАКАЗВАЕ *TJIPONUOK”^

"BOISSEVAIN"

"TASMAN" ́"TJILUWAU”

"TJISADANE" "TZIKAMPEK"

**TEGELDEEG" "TJIWANG

"VAN JEUTSZ" АВТПЛАТ

Aus.

AVE.

BAILINON!

***~ ~*Japan” (ylä- Manila)

Aus Aug. 18

Aug. 14

AUE. Sept.

Sept...

Bryt.

9

,

Hept, 14

Raps, 14

Rept. 19

Dept, ಜ

Sept. 30

Oct.

Des

MAKASSARE"

"TJIPANAS“ ·

Oct.

Oct.

Oct

12

18

Nov. A

“TJILUWAH"

The Canadian official price "BODAK" for cold has engged to an 18 year law," prinsing" | "TJWANOP" further gloom to Canada's hard-pressed gohl-mining industry.

The Finance Department has announced that the Mint's price for gold during last week' weB $32.823125.a fine ounce, down from $93.030082 the week before and the previous low bf

the lack of steel and steel com- (From Our Correspondon) $33.878497 for the week ended

ponents but it was impossible to determine when or where unemployment might strike.

ie motor-car industry In Irade sources said low produc- tion will hit at the start of the for most new model season manufacturers and that could prolonging of the now car shortage.

mean a

The steel mills climbed to 45.4 per cent of rate capacity and Bethichem, second largest of the producers, expected their 100 by mills would be up to the latter part of next week.

Eugene

G. Grace, Bethlehem Chairman, sald that nearly all steel consumers will have their needs Alled by January 1,

THE COST

The Government dedered five to 100 per cent of the steci oul- put, depending on the produc tion for military; atomic and machine-tool use,

price

Cost

Eills

There was a fair activity onl

July

the reopening of the Stock Ex- Last week's, price is the lowest change this morning, following

Following since the official price of the the August Bank

monetary metal was re-pegged at terest Was widespread and $35 per fine ounce ia United transactions recorded up to noon | States funds

Before in 1934, were of a total value of $345,- that it was priced at $20.07. 604,35. Noon quotations were; Though the American price SHARES DUYERS SELLERS SALES remains unchanged at $35, the rate of conversion Into Canadian- INSURANCES

funds depends on the fluctuations the Canadian dollar on world of the Cat markets.

Canton Unloa HK Fire

SHIPPING

Asin Nav.

DOCKS, ETC.

224

740

730

231

.. $.55

K. Wharf.. 05t

N. P. Whorf 550 0.05 Dock

10.30 10.00

Provident

S'hal Dock Wheelock

LAND, ETC. HK Hotel

IK Land (0) uk Land (N)

S'hal bond..

UTILITIES

1.00

Lately, the

dollar has been hovering between three and four cents above par, bringing the value of the American dollar in Canadian funds to less than 07 cents.

TLC

Finance Department, 43 200 4235 averaging out these fluctuations, estimated the exchange rate used

for determining the Canadian dollar price for gald during the week at 96.6375 cents, down from 00.80875 the week before. Associated Press.

0,40 E

203 @

1000

1.43

21

Tram 19.70 20700 as 19.00 2. Tram (0) P. Tram (NÍ

13

Star Ferry. 100 101 100

101

100 @ 1014S

9. Lt (0) 5.70-8.00 2700-

Light 8.03

Electric ..... 22.30

The Price Stabiliser, Armali, predicted the new steel increase will cost the average American family about $109 a year in higher prices.

Many economists believed the Rio de Janeiro, Aug. 4.

Brazil's of living, which reached a The resturation of

might ed- new high recently, 1 foreign

exchange marke now

vance a little farther. under Congressional debate here

The Government made a spot would facilitate the payment of

week-end and check at the the commercial arrears

estimated that retail food prices INDUSTRIALS United States and European

hit an all-time trigh during the countries, economie expouts said

16, fortnight ended July on Sunday.

Dun and Bradstreet's whole- sale food price Index climbed almost to the year's peak,

Some car industry sources saw another increase in new retail prices ahead,

to

the

German experis from Deutcher Lender Bank, headed by Mr Felix Prenize, are dis- cussing with Brazilian specialists. headed by Mr Lins De Barros. Director of the Foreign Minis- try's Economic Department, means of cancelling the coun try's arrears.

100 10 22.20 500

New York Rubber

Futures

0

"BOISSEVAIN"

"STRAAT BANKA”

"TIITJALENGKA" "TZISADANC

*

Bing-Royd) Mauritius. §. antics, a

E. America Manlia.

Jakarta, melawan Doll Bingapore, Penang, Mombers. Tanga, Zanelbar, Varis-FEIRAM, B. Afilem # B. AMITICA Lepan

Dakarta,

Tilrebon,

'Burahaja & Machtstr

Semarang.

Singapore, Diskaria, Semarang.

Sürahila & Macassar

Bingapore, Penang Belawan Dati *Dļ«karia,

Singapore,

Barabain & Macerar

Japan

Bemaras

1. Tiirshon, Semara

Kozabala à Macarist Manlia, Biogapore,

8. Atties & 197 America **** Jupata

Singapore, Djakarta, Sembrane.

Surabala & Macassar

Bingapore. Feners a Belowan Dell- Djakarta, Tiitaben,

Buradala di Atacantar

Зарад...

Sparapr.

Singapore. DJakarta, Semarang,

Sürahia MacassaT

Singapore. Penang Delawan Dolf plantin Bingapore, Mauritius,

4. Aftica & 8. Amarica Japan

1

Djakarta, TJirebon, Semarang

Barabala & Macassa

Singapore, Djakarta, Bemarang.

Surabāja STAFREKEN Aingapore.

Jakaria, Semarang.

Birabala & Macassar

ARRIVALS

From

8. America, 8. Africa, Mauritius,

Japan

In Fort

& Singapore

Aug.

Aug.

Japan

ADE.

8. America. #

"TIHUWAN"

Aur. 17

"VAN HEUTSZ"

ARE, 20

S. Africa,

Maurices & Singapore

MACABIRE, Burabals, Semarang,

Djakarta & Singapore

Зарад

KING'S BUILDING, Ground Floor.. TEL. 28015/18.. CHINESE AGENTS: 82 CONNAUGHT RD. C. TELS. 31190, 25133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

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

M.S.

ARRIVALS FROM U.S.A.

TREIN ́MAERSK"

M.S. "PETER MAERSK❞ M.S. "NICOLINE MAERSK"

Aug. 16 Sept. Sept. 15

2

Aug. Aug.

-9

Aug. 30

contracts. For Freight and Further, Particulars please apply to:-

New York, Aug. 4. Prices of rubber (alures closed today 10 lower to 10 higher with inles totalling Traders sold the nelivity WIE too limited to indicate the parti- cular feature with the market interest cut down generally by 251900624.80 Singapore and London holidays. Prices closed today as follows:- September

29.05 bld

2008 22.40

Macso Telephone.. 17.00

Elec.

500 17.20

300 & 17.30

Ocment ....07.0077.70 1000 1714 500 17.00 2000 @ 17.70 Rope... 18:40

Dalry

16.00

19 500 @ 18.00 10001030

car

STORES, ETC.

Walsin

24.90

ol

Crawford C. COTTONS

Είνα

1000 4

1000 @

2.40

Many Signs There were many signs better business in the making.

nation's largest Two of the acetate filament yarn producers raised their yarn prices. Corporation of Celanese

500 4 2430

2500 e 2.43

U.S. Cargo

America and American Viscose Ships Put

Corporation, along with other producers, said mill demand has been picking up.

The hot weather and drought Into Reserve

It is understood that con- sideration is being given to partial cash payments or com-

Brazil pensation in

exports, Congressional The bill under discussion would permit sale in the free market of foreign ex- change received for exports of

products. certain Brazilian

Such exports are included in Commercial

сол agreements

The Agriculture Department by Brazil with several

designated eight entire States doreign

but countries

while

"disastee loan areas" as a re- Brazil bought everything

sult of the drought, and added provided for in such agreements,

Slates ito the foreign importers have failed to parts of other

classification,

has

conditions had serious effects in Some sectiona

ot

Washington, Aug. 4.

29.15 nominat

2738 bld.

20.03 nominal

October

November

20.05

December

20.10

January (1093)

27.01

February

27.48--..."

March

April

Miny

June

July

August

September

Spot

20.70 bid

26,68 nominal

20.43 bid

26.4p nominal 20.24

36.00

United Press,

Steel Strike Settled

The government withdrawal of dry cargo merchant ships to the reserve fleet has slashed mer- chant marine employment by dur- 10,000 officers and

scamen

Wheeling, Aug, 4. ing the past six months."

The Wheeling Steel Corpora- buy the stipulated quotas of In Massachusetts and Con-

The

National Federation otion said that agreement was Brazilian products due to the

American 'Shipping reported to reached with CIO United Steel- necticut the long dry spell has high prices situation responsible,

day that employment on pri-workers today ending a two- cost millions of dolinrs and an in part, for Brazil's inability to

owned and Agriculture Department jokes vately

- operated pay commercial indebtedness,

firm. man valued rainfall in the area United States ocean-going mer-month-old strike against the United PressI.

chant vessels declined from 110,- a million dollars an inch.

A Company spokesman sald Earnings statements of 327 on January 1 to 91,000 on that a contract affecting about

000

15,000 workers had been signed corporations showed that com- July 1, bined net

altributed the decline ta It profits in the first half of the year were down 10.8 the government's returning to but he declined to reveal its per cent from the first six reserve status of American-owned terms.

The spokesman said that dry monthe last year.

E.I. Du Pont de Nemours and operated privately under charter workers were being called back to their Jobs as pidly D and Company reported that at least

agreements

and foreign possible-United Press, one-third of every dollar re shipping milltary caived last year for all its pro-

said that, association and services

The s ducts

despite the six-month decline, taxes,

A prize performer was en of 91,000 tepped that of January 1, the current employment figure gineering awards, which hit $1,131,012,000, the highest figure 1051, by 15,000-United Press.

record. It

compared with

Malayan Export Figures

Washington, Aug. 4. Agriculture Department The reports that Malayan exports of copy.a. coconnut oll and palm oll decreased in the first quarter of 1952, compared to the some

increased. period in 1951, but exports of palm oils

Malayan exports of copra and coceanut oil

14,592 ord March 1952 totalled 1 cry 13.074 long tons respectively,

25,601 compared with

Red correspon- 11,410 tons in the

Imports ding period of 1951. during the first quarter totalled 19,910 and 452 tons respective-

3951 ly against 29,703 and 88 tons in

Principal buyer of Malayan

OR

ald

went for

cargo

agency

formerly shipa

for

$278,166,000 the previous week French Exports

and $207,571,000 a year ago.

However, $923,000,000 of the total was contracts for addition to a uranium reparation plant at Paducah, Kentucky,' and to atomie diffusion plant at Oak Ridge, Tennessee. Asso- ciated Press.

מB

To America

New York, Aug. 4. French exports of a number of products to the United States my increase it prices become more attractive, trade cources predicted.

and Spain. Und, dingdom Biggest Loan In some have conglot for

The Japanese know there is a because

en tendency on the part of some Americans to regard trade as a "I have seen faithful ceplesene-way street, but they expect Mr the United Kingdom, confronted marvellously well done". Oda is quoted as saying, "which with the self-same problems, to had been made to the buyer's appreciate their difficulties.

"Criticism from British quar. pattern wil

without the Japanese firms concerned realising any ters hurts all the more because

Burma, the Japanese

Government ap- infringement was involved,"

Netherlands were the major When such malpractices are pears to be genuinely doing its discovered

the pattern or de- utmost, by the strict 'poileing purchasers of cocoanat

United Press. sign involved is recorded at the of the export trade; to prevent and its any cause for complaint and to Japanese Patent Omec, further reproduction in Japan is act swiftly and decisively where

such cause forbidden.

exist Recorded ease of infringement

York And some Japanese-manufac- New of fair trade practices include 63 turors have their own

casca

com-

of design violation-mostly plaints, against foreign imports., relating to textiles--and other Imports of foreign cars and Aus- cases in which patents, trade tralian butter are said to bo

ful

unfairly with youth-

marks and copyright' have been "romanese Industring"

violated.

been

In view of the measures being Even after duty, has taken to plamp mut such vioin pald, foreign curs and butter tors the Japanese are extremo-ball cheaper in Japan than ly sensitive about what they domestically produced care and Express Sex- butter-Londɔca regard as unfair complaints. Hessell Tiltinan writes:

oil.

Stock

RFC History

Wrehington, Aug. 4. The Reconstruction Finance Corporation today approved a 304,000,000 loan to expand cop per and molybdenum production at the San Manuel Copper Cor- portion," "Arizing,'

time that French prices are not competitive. They now believe that prices of French

wines, leather goods, loves

garments, glosware, felt ond other products may be reduced on a result of the French. Government's action to grant tax ald for some exports.Associated Press.

Cotton Output Estimate

Washington Aug. 4. The International Cotton Advisory Committeo estimates the 1951-52 world cotton

pro- duellen at 34,800,000 bales.

The Committee put the world consumption at about 32,000,000 tales which would leave, at the cad of the season, carry-over stocks of at least 2,500,000 bales,

United Press,

Freight Decision

New York, Aug. 4. The North Atlantic and "Medi-

AGENTS:

JEBSEN

Pedder Building.

CO.

Tel. Nos, 86066-9.

N.Y. Foreign New York

Exchange

Closing rate August 4.

Canada

England-omelai

4

Belgium

unonlciat

30-day futures

Italy-official

Norway Portugal

Spain

US$

2.7911

251 bid/ 2.60 asked

Cotton Futures

New York, August 5. Cotton prices today moved higher. The market opened firm and experienced only minor set-

of backs finking on a note

and sirength around the day's

factors gen-

best levels. Two

erated the underlying bullio

ndence

the concer:

because

over bf prospecti drought in the Southern states, and the evidence of a broadscale in all reactions, mill demand Prices closed today as follow-

October

41.90

59.30

2.7812

50-day futures

Australia

2.231

New Zealand

South Africa

Denmark

1455

France

0028-9/16 crop

Went, Germany

4.20

Holand

2637

.0010

1405

0370

J

Sweden

0035

Spot

Switzerland-free

2434

December

38.299-39.00

MIDDLE EAST

March (1953)

38.00

tran

Egypt

2.83

May

38,00

03125

July

07.99-38.00

Freq

2.201

October

39.90 nominal

Turkey

5375

December

35.70

4

0040

Spot

.0600

December

0005

March

4025

May

,00

July

2103

October

.0044

Uruguay

Venezuela

2003

FAR EAST

India... Pakistan Hongkong Indonzia Singapore Japan

2000

LATIN AMERICA

Argenline-offietal

Brazil... Bolivia Chile-free

Columbia Cuba

Mexico... Peru-free

300 yen to US‡I United Press.

Burma To Have

No Preferences

NEW ORLEANS MARKET

October

40.00

30.30

December

30.03-30.01

38.971

30.70-38.84 38.01 bid 36.01 bid

25.74 United Prem

Chicago Grain Futures

Chicago, Aug. 4.

Wheat closed today unchanged

to higher. Prices of grain futures closed today, as followe

Wheat-price per busha)

Apot

March

Corn

December

Rangoon, Aug. 4. Primer U Na sald today that September Barma Intends to maintain her December neutral foreign policy, but that May she will accept foreign aid from anyone willing to give

Nupeaking at the open- Spot erranean Freight Conference an nounced postponements for one ing of Burma's Union Party September month the effective date of its convention said every nation March! 20 per cent surcharge on ship-

has its good or bad points May ments to Casablanca, Frenchhether it be the United States, nys Morocco,

Russn or Red China. Burma's New York, Aug. 4. The loan was the biggest bunl

Business was done in the local. The Conference said it had Dow Jones averago at the end Boss loan in RFC story. The

urioficial exchange.

been advlaril ́of "dome Improvo 2010, he said, is to nccept Beptember

and reject the bad cons good

Qata of the session slood as follows: project calls for, the develop morning at the following roles:-- 30 industriel

44ment in the congested condito work in harmony with other 270.0% ment of an underground" ming 13. dollar (per #1)**

Прог 103.36 producing 18,088,080 fgns of ore Uterling nois (per n 10.39 Hong at Casablanca. The date lands toward world prace, "

Conference will |Beptember was postponed from August 1 The Union $0.50 annually and extensive milling Indonesia guilders (per 100)

31.00

Associated last for 15 days. to-September 1. Associated Gingapore. (8tṛmits). 98.77 and housing facilities-United Biam ticals (per 100)

Press, 1185 Press. United Press. Press

FIC plastres (per) 1993 ('cond)

Exchange

20 rails 15.utilities 40 bonds

Rates

Exchange R

market

this

2.74

Spot.

2.31-2,2034

234-1.3314 2.40-23011

2.145

New York flour-per 200 lb.-flack $12.20,-United -Press.