1952-08-13 — Page 9

MESSAGERIES MARITIMES

MM

"GRENOBLE” "TALAISE"

Arriving Leaving Ontward For

.Rept. 4 Napt,

Japan

Bept. 10 .!

Hop 21

Japen

*HIEKONG" Keolung AME, I1

Hongkong AVE. 14 **FELIX ROUSSEL" Jang. 18 "COURSECLLES"

..... Bapt.

For passenger and freight,

Aug. 13

Homeward For

JY

Aug. 18 N. Africa & Europa ·

Aug, 18 Bept,

Marseilles vis Manila

9¦ Ni Africa à Europe'

For freight to Salgon, Atelers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports.

via Dilbouli to Madagascar..

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

PO. Box 63, Hongkong

Queen's Building (gr. floor)

Tel. 26651 (3 lines).

LINES

EVERETT EL

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.

"BRADEVERETT”

In Port Loading Sails

Aug. 14 for

"NOERVERETT”

Arrives Suils

Singapore, Port Penang, Calcutta.

Swettenham, Rangoon

&

Sept. 3 from Singapore.

Sept. 4 for Japan.

(Accepting curze for transhipment 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. "NORDSTJERNAN“ Arrives Aug. 14 from Japan.

Suita Aug. 15 for Singapore, Madras,

Colombo,

3ambay, Karachi, Kharramshahr & Basrah.

M.S. “STAR ARCTURUS”

Arrives Aug. 23 from Singapore Sails Aug. 24 for Kobe & Yokohama

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

דין ה*' * - *

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206. Chinose Department: Telephono 28293.

M.V. "FELIX ROUSSEL"

Will sail for MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT-SAID

on

Monday, August 18, 1952

at 9 p.m.

Passengers are requested to board the vessel with their cabin baggage on the 18th August between 4 and 8 p.m.

Baggage Room and Hold Luggage will be -registered at Kowloon Godown No. 50 (No. 2 Gate, Canton Road Entrance) on the 16th and 18th August between 10 a.m. and NOON only,

No baggage will be registered after the time Indicated above

Compagnie des Messageries Maritimes Queen's Building,

BUSINESS

REGULATION

ORDINANCE

1952

Copies of the prescribed Forms 1 (a) (b)" and 1 (c)'

Now On Sala at S. C. M. Post, Ltd. Hongkong and Kowloon

*TEN 'CENTS EACH

THE CHINA MAIL WEDNESDAY, AUGUST – 13, 1952.

Steel Mills Recovering

New York, Aug. 12. The nation's steel mills

recovery are making a fast after the paralysing 55- day nationwide strike and ato expecled to operate at 93.4 per cent of rated capacity tha wock, the American Iron and Steel

today. Institute sald

The Institute sald the nallis would probably pro- duce 1,981.000.- tdhe "this week compared with 1,800 000 tons last week United Fress

Japanese Exporters' Complaint

Tokyo, Aug. 12.

havo

More items which just been decontrolled by

Pago

Four-Year Plan For ROYAL INTEROCEAN LINES

Haiphong Port Rebuilding

Haiphong, Aug. 12. .

Jean Pallier is working hard to rebuild the war-damaged port of Haiphong up to its pre-war capacity, but he would like to see a brand new one bullt at a cost of around $25,000,000.

Cement

Industry Revival

Haiphong Aug 12

The biggest industry - in this key day th Northeastern

ደውላ

**TŠILUWAIM

“VAN. BRUTAZ”

TIIWANGI" "STRAAT

ПМАКЛЯВАТ" "EJIDONDOKY

"TJIMENTENG"

VAN HEUTZ" "NIBADANIY

JRANTER

| Indo-China conichi #JIWANOF

slowly fighting its way back

"TEGELBERG

MAKASSAR" VAN BEUTEZ***

"TIDODAS

TJ1BADANE” ·

TIRANTIET

M. Pallier is the director of this vital part of to pre-World War II pro-RTRAAT entry for the millions of dollars worth of Ameri-ution gures.

The sprawling plants of the can war supplies and equipment pouring in to help French-controlled Sbiete Ano- the French Union forces win the war against the Communist-led Vietminh in Indo-China.

FOREIGN

Washington for export to EXCHANGES

from China Communist Japan, ure unwanted goods, official circles stated today.

Trade Ministry drcles, while welcoming Washington's - agree- ment to lift the ban on additional items-agar sigar, chemical Obre Incense and goods, mosquito Fyrethrum-said that these are precisely the items which the Chinese Communists do not wish to buy.

They hoped to obtain lifting of the bon on articles such as chemical fertilisers and medicines, in' addition to the already deeon- trolled four items-woollen goods, spinning machines, paper and they dyestuffs and add that would do their best in another similar US-Japan conference to be held in Tokyo shortly..

The Ministry of International Trade and Industry will open applications for export of new Items upon confirmation of the agreement from Washington.

MISSION TO F.I.

Canada

IN N.Y.

New York, Aug. 12. ................... 'US ·2.0414 27012

England-oficial

***Unoficial

255 bid-

258 asked

30-day futures...

2.709%

* 90-day futures ..

2.77%

Australia

2.131

2.201

3.791%

010011

New Zealand

South Africa

Franco

italy

trani

nomic dea

Portland do L'Indo-Chine now A

Ciments Artikelet

are hveraging 'an' butput of 20,0 000 tons monthly. He says that what is really Production for 1932 lo expect- nected is for the port of Hai-ed to top 240.000 tons.

The phong to shift itself eastward

was 300,000 tons ward the Bay of Along, for in

P10307ga

facilities here, even at their H. Durand-Chastel, of Lyons, best, cannot handle the rapidly, France, director of the Sociote growing demands of incoming | des Ciments do L'Indo-Chine,"

said it wile and outgoing chips, t

hoped the plants Today

Halphong port has would be turning out 300,000

PARTENE only five de so good tie-up tong by 1954. points for ships, That means many vessels" have '16''wait for days to get in, unload and load.

rc-

But all American ships carry- ing war material come first. M. Pallier sald every facility possible 1s

promptly mado available to these vessels and there are no part ch

charred against them.

Shifting sands and unstable land deem to rule out any possi- 20023-1/13 bility of" over really, expanding Haiphong port, for it is hard to And

a' spot ta *a' wharf or

•point w

Faller thinks it would eventually be wiser to a How spot on Ormer look for a

Belgium

Denmark

West Germany

4.20

Hollana

*2837

Norway

.1400

Portugal

.0370

Spain.

.5043

Bweden

0035

Switzerland

2331

MIDDLE EAST

Egypt'

2.0012

03/23

treg

3.7912

Turkey

LATIN AMERICA

Argentina

.0040

Braz

.0300

Detvia

Chile

.0005

a

Colombia

4023

Cuba

Mexico

Реп

0044

"

Uruguay

2015

Vencrucia

2003

FAR EAST

India

2000

Pakistan

Hongkong

17A

Indonesia

3013

Slazaporo Japan

The economic dally Nibon Kelzai reported today that four-man mission of the Japan Steel Tube Company will visit the Philippines on Aug. 15 to investigate iron ore resources.

The company had been nege" tiating for the construction of a rieel rolling mill in the Philip- the pines at the request of Philippine President's - brothor, George Quirino,

YARN OUTPUT

A total of 144 Japanese spin- ning companies produced 30,- 021,099 pounds of cotton yarn in July, the Japań Colton Spin- ning Association sald today.

The Agure represented increase of 2,073,887 pounds avet June.

The announcement stated, however, that cotton cloth pro duction decreased in July by

·1,815,055' yards from June to 66,334,040 yards.

Cotton yara and waste abre output in July totalled 91,075,459 pounds.

yarn

Operable cotton spinning machines at the end of July numbered 6,948,093 spindles - an increase of 150,004 spindles over the previous mouth, France-Press0,

HONGKONG SHARE MARKET

(From Our Correspondant)

There was a sharp decrease in the volume of business done on the Stock Exchange this mor- ning, only $300,166 worth of shores changing hoods. Noon quotations and the morning's transactions:

BHAKES BUYERĮ SELLERS SALES

BANKS

HK Bank Eout Azia

INSURANES

***

1400

Union. 74231⁄2 74716 : 20 # 745 lik Fire

234 140·

SHIPPING

Asta Nav. 1.07EG

DOCKS, ETC."

K. Wharf

N. P.Wharf 1,00

Flock' IMAN: 18.30

Provident

12.40

Tel: 26651

S'hal Dock

1,073

2000 @ 1.70.

THE

HIC Ilotel

436

JUK Lord

(0)

(N)

4345 4315

"POST" TYPHOON

MAP

Incorporating amend- ments to the Loaf and Non-Local Stori Bignal' Codes.

$5.00.

| Mounted

Unmounted $4.00.

Obtainable from

BOUTH CHINA MORNING POST HONGKONG and KOWLOON.

LAND, ETC.

Bhol Land 1.35 1.40

Humphreys 11.00

UTILITIES

1. Trom

Peak Tram

Star Ferry

300 yen

land for a new port of Halphong castward in the Bay of

CONSTANT DREDGI Now ships have 16 into Halphong up the Song Cua Cam River which always presents difficulties, for constant dredging is required to keep the Hver clear of bandbors

*and'

impedi-

Pagation Dated

that

5,000,000,000 Indo Chinese

piastres (US$25,000,000) would be needed to construct a first

He explained there was stili much reconstructión work to. be done to bring the plants up to peak production! They wero

*TIPANAS"

RUYS "TJIWANOP"

"THIBODAS" "TILUWAD"

VAN HEUT9Z" "TJIWANOT

"'STRAAT"

МАКЛЕВАПН "TINONDOK"

Avg. 21 Sept. 2

Ript

apt. 10

Bept. 17 Hopt. 19

Oct. 1

Oct,

10

Och, 12

Oct. 12 Oct.

Búrabala Macassar Singapore,· Djakarta, Palembang

Belawan Bali & Penan Stormper Djakarta, ManDVDLOTRILE,

hari, Tires, cajang, “atants; lininguporaviti – STAMERLINK

Strafrica ma Americaðauki

{. Þ.I. Fakta, singapăreāljemen." Africa surgapore, **Upikerta****gðmaizng,

Surabala Macassar

Japan

-šingapore, Penang di Belawan Deli Djakarta "Tfrohen, B jsemarang,

- Buthbala-a3Micaine. “Kame Bingapore, Djakarta, Kumarang.

Burnbala Blacassar

Зара

Manila, 5 Bingapore, Afsustitue,

B. Africa 8.7*America Singapore, Penang & Belawan Deli Mantis, Bingapore, E. & S., Aftlen Pjakarta, Tiirebus,. Nemarang,

Burabala & Machine Pala Japan uke. að Singapore. Diskarte. Semarang,

Kurabala & Macassar

Japan

Japan

Bingapore, Djakarta. Semarang, Persurabala & Macassar

ARRIVALS

in Port

In Part

Aug. 20 Aug. 29-

Bapt. 3

Bept. 6

Japan

A

From

Maceasor Surabatk Semarang,

Djakarta &-Bingkpäre Anpanm

Machusar, Burabala, Bemarang Majakarta a Bingapore 12-1500 8. Amica, 8. Africa, Mauritius,

Bidors & Manila

Japan zuen.

TEL. 28015/18.

heavily damaged by American KING'S BUILDING, Ground Floor.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31100, 28183

nir béimbings during the Japan- ese occupation" of "Halphong,"

STEADY RISE

a

M. Durand-Chastel sald stead re in output was being 1951 was 212,000 tops.

since the total in registered

The Halphong plants, which onen exported nearly 300,000 tons of cement annually, now divert most of the output for needed

projects construction China. andammy purposes in Indo-

Experis now run around only 4,050 tons monthly, “going to Singapore, Hongkong and Japan: The Haiphong plants 'employ 3,000 workers, Forty-three of these are French technicians.

They get just about all they need for production from within cothes from the hills along the Bay of Along, and there is plenty of clay everywhere in this country. Coal comes from the big mines

Indo-Chinn. Limestone

class, up-to-date port for Halat Hong Gay, 30 miles northeast phong

of Haiphong. 'Gypsum'is'' Imi-

But that is dream for the future. He has no idea where so much money could be raised. But

to US 1 he has asked for úld in the form -United Press.

of mechanical equipment from the American Mutud Security Administration.

The Rubber bday Of Pallion aid, tho por:

Markets

Singapore, Aug. 12. Prices of rabber futures closed today as follows:-

Number 1 rubber, per ib.

September

October

November

Number A. rubber.

Beptember

Number 3 rubber,

September ...

Number 4 rubber.

September Kayn Spot rubber, unhaled Blanket crepe...

37-871

07-5754 00%-87

authority"Is spendlig "$5,000,000 plastres annually alone for the dredging of the Cua Cam River. He said the port is receiving 80,000,000 plustres annually from the French Got

Government and no aid for port works has yet been received from the United States. JUICK LOADING

M.

rald 200,000,000 piastres would be necxied just to Put Halphone port back to its pre-war condition within the signext four years. He added that another 225,000,000 plastres are needed to modernise and expand 14- the ports facilities wherever

possible.

70-7635

2015-07 07-60 No. 1 pale crepe........ 106-111 United Press.

NEW YORK MARKET

New York, Aug. 12, Prices of rubber Natures closed 10 to 20 lower sales

The port director said 600 technical workers and '800 to 1,800 other workers, including

stevedores, Haiphont

now work

In

M. Pollier said that because

torquina & connects. The spot of the acute lack of unloading market was extremely quiet and space, ships are required to die. featureless apart from evening-up | charge take on their cargoes in September delivery. Prices as

#d possible. speedliy closed today as follows:- Vessels are charged 11 platres 30.63 bid by the port for each cuble metre

October

September

November

December

January (1053)

February

March

April

May

June

July

August September October November Spot

2042

21.249

28.12

27.20 bid"

37.03 nominal

ported from France-Associated Press,

Cotton Prices

Move Into Higher Ground

New York, Aug. 12. Colton . priete "moved into higher trouda after a two-day decline but met considerable opposition on the upswing!

The market opened "firm and remained above the previous close throughout the day dest pite realising and hedet-selling in the final dealing to

Observers SOW

the advance apart account for from the steading In the other outalde markets. Most traders put the rice

down

wn to technical following

recent

setback from

news

the post-Bureau high of 31.62 center reached by October delivers, on Friday.

The siegdines shown in the face of the more favourable tenir of crop news and

of each ton of cargo for the first tila' 'market slowdown 'caused eight

days they KFC tled dona nominai | Thereafter, the rate goes up, some recent sellers' to cover la

higher. the forenoon. The purchase of M. Paller, as an engineer for around 4,000 bales in October the French railways, directed delivery on opening by a leading work which speedily restored spot bem also turned Monday rallways In Normandy: in ebbing

price tide. Franco, for the use of Ameri can troops in 1944-Associated Press

27.80 bid

27.70 nominal

$7.00

37.40

21.20

1,00

26.00

30.50

United Press.

LONDON MARKET

London, Aug. 12.

Prices of rubber futures closed

today as follows:-

Number 1 rubber.

dry pence per lb.

September

October/December January/March Apri/June

-United Press.

Grain Prices

Advance

Sharp Break

In Wall St.

New York, Aug. 12:

The Government

weekly weather and crop summary was favourable. The market opened up 14 to 30 points. After max

MAERSK LINE

FAST FORTNIGHTLY SERVICE 391

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VÍS SAN FRANCISCO, LOS ANGELES AND FANAMĄ. NEXT SAILINGS

VH

M.S. "HULDA MAERSK” M.S.

"TREIN’MAERSK"

M.S: "PETER MAERSK”

ARRIVALS FROM U.S.A.

MS. "NICOLINE MAERSK":

M.S. "ANNA MAERSK”

M.S. LEXA MAERSK"

Aug. 16

Aug.

Sept

For Freight and Further Particulars please apply

AGENTS:

JERSEN & CO.

Pedder Building.

Tel. Nos, 30060-9.

Further Decline Expected In Tramp Shipping Rates

· New York, Aug. 12. Worldwide tramp ship rates, at their lowest levels in 18 months; may sink Tower, at least until September, American shipping sources say...

Within the last seven months, these ships, which move large quantities of coal, grain, ore and other commodities over the world's trade routes, have lost two-thirds of their rate gains since the Korean war started.

Seme sources predict the rates; year, 14,070,000 tons of soft may even drop below the pre-cost and 724,000 tons of hard Korean war level before they coal. The figures represent In- rise again. But, tramp ship creases of about 33 per cent and ears and trying hard to hold 15 per cent, respectively, over the present levels. Their chief the first fint of 1951; Shipments this foreign in the last half of tast prices broke 15 to 35 points Tram of coal to Europe, expected early months of this year, and continued heavy "In Autumn

shipping but have been

declining for Capi

the highs, then closed 12 to 27Today, however, points lower. Priete closet to sources say, there are about three several months.

day as follows:

Spol Octobes December

May July

Escomber

March(1953).

A sharp decline in Stock Ek4 October change prices, paced by all and rall, shares, pared nearly. 000,000

$1,000,-

29.10-38.13

shipments

for the last

ships for every cargo. This has sent rates down sharply. For half of this year will depend on

States to "

40.35 nominal

30.34-38.30

33.15-30.23

22.01-37.04

example, recont coal movements from the United

37.30-37.32

33.45 34.20 bid

been

NEW ORLEANS. MARKET- Spot

November

July

valuation. Experts say the decline was largely technical with consider October able prallt taking in those issues March (1933) which död Industrials "Into new May high ground.

Dealings totalled 1,110,000 December Grain futures Joined the shares. Excepting a few wide majority of commodities in a breaks, chander were generally higher trend stemming mostly from the strength of vegetable oils. Wheat closed 4 10 4

Chicago, Aug. 12.

10.79 1050, 000 € 18.30 higher and soybeans were 314 to 5% higher. Prices closed today as follows:

20

100

C. Light (0) 0.05 8.70 1000 ☎ 0.10

·S. Light (N) 1.00 0.50

“Electric: 220,22.40

Whest-price per bushel

Apolari

September

December

March

May

Cart Spot Beptember 1716 1300 @ 17:40 December

Marets of

Macao Eles.

101

Telephone. 13,40 BUNA

INDUSTINALS

· Cèmint' ajra

Tope STORES, ET"

Daly Watson

ord 14.

COTTON

Wo

MISCHI

Yangiszo

400 20.00

2.45916

small.

+

Or 1,111 festes traded,

werd unchained."

advanced, 042 declined and 247

Ostober

30.10 258 37,00 37.28 bid 35.41 bid

Antwerp and Rotterdam have

In Western Europe. coal-producing nations however, Bro making

made at about $4 a ton every cafort to increase output. compared with $10.50 a ton a Even yené ago.

have beon't. Similarly, grains estimates that otak opal

$5.50

EXPOTL 30,000,000

thq - Government for about this year will

resch a ton, compared - "with ||

The dry Shipowners hope. 38-43-300.2010 ton last year,

'COAL SHIPMENTS

cargo chip trip charter Index in There are a qumper of reasons | Jung", "yds 1249 and the time for the declinet American cool charter fadex was 124.07 (July- shipments to Europe, which were December 1947 cquala: 100); heavy, late last year and early Last November they were: 102 this year, bave all but stopped. apd 249.4-Associated Press. Only Weat Germany receiving phon alanincant shipments at present

shipments Con

hhyb 319 Japan

-United Press.

Exchange

Rates

dropped to Budowa was done in the local OSM uneleist exchange moming at the following ratest-harn chenicals sterling note (per £1)

A Boo

LONDON TIN MARKET

Tails lost as much ne

Grain успе. points, Steels

market thithe volume of la · opo-third }

the M

United States U.G. dollar (Der. Så)Locom 10.30pment slightly. Losses in

London Aug. 12. 13.63 89 idly have ended. extended to over a polit In Indonesia: guilders" (per 100) 4.40 crop in Aruentina has cut grain

The tin market was barely 31.00 shipments from the River Plate steady in the Jorenbon under the area to a mere trickle of the inquence of a tenys turnover of And shipments 165 tone of which 25 tons were usual volume. between Brain and Australia for cash. Prices closed at the end of the official moming are reported to be off,

Dupont and

stanysicals { per):190)

In U.S. Ringapore (stralto) Smelting. Some higher-price VIC plastres (per 100) olla lost

widely

lost: 3 but others 1.01-1.03 MA 1.Tats about a point ..

Dow Jones overages « at thei 30 and of the session tool da follows de gran gka godzi

1.01

9.7035

20 Industriala

|-20,- rails

18 utililios

Septem How $10.13.

200 m. Buck.

P40 bonds

11.073

Copra Quotation

New York, Aug $270.14

Copra was quoted today at +10x27;| 9130 per short ton,-nominal. 60.77 || Cocoanut oll --- was, quoted, at-÷0 DATA/98.70 | genta a pound, asked,--United United Fresn. Press

In the Bret half of this .20.410 000 stönä"ór touli were! shipped abroad, the Government reported? Thût Wis on Hiervast of 10 per cent over the first half of 1951 Western Europe," got 'mast, of the coal : shipped this

session d't follow Spot: Bure

pot in, seller

.“ Business done at

Three-months Gin, buge Three-montha ting welk Business dong at Bettlement

માં