1952-08-21 — Page 9

I

THE CHINA MAIL, THURSDAY, AUGUST 21, 1952.

MESSAGERIES MARITIMES Thailand-Japan Canadian Wages Major

MM

"TAUKUS"

*GRENOBLE”

LA MARSEILLAISE”

"FALAISE

Arriving

Aug. 24 Rept. Sept. 15

Leaving

Aug. 23 Heb. 9

Outward For

algonal bang

Japan

+

1. Hept.

13

Sept. 10 Rept. 24

Yokohama & Kobe Japan

+COURSEULLES... pt. 10

LA MARSEILLAISE". Sep. 20

· For passenger and freight.

Sept. 11 sept, 27

Homeward For

k. Atsion & Eurtph

Aturgiiles via Baigon

1 For freight to Saigon, Algiers, Oran, Tangler, Casablańcă, Havre

Dunkirk, Antwerp & Rotterdam,

Accepting cargo:

-via Marseilles to pil Mediterrancan & West Africa Ports. - Djibouti to Madagascar.

Subject to change without Notice.

CIE DES MESSAGERIES MARITIMES

P.Ö. Box 53, Hongkong

Queen's Bullding (gr. floor)

EVERETTE

Tel. 26661 (3 lines).

LINES

EVERETT ORIENT LINE Fast cargo and passengers service refrigeration space available for Korea, Japan, China, Philippines, Indo-China, Slám, Malaya, Burman and East Coast Indian Ports.

"NOREVERETT"

Arrives Bails

Sept, 3 from Singapore. Sept. 4 for Japan.

"REBEVERETT"

Arrives Sept. 10 from Manila. Sails

for Singapore, Penang, Sept. 11

Rangoon & Calcutta.

(Accepting carzo for transhipment Kobe/Fusan and Kobe/Okinawa)

EVERETT STAR LINE

Fast cargo and refrigeration spaces available for Korea, Japan, China, Philippines, Inde. China, Stam, Malaya, Ceylon, West Coast Indian and Persian Gulf Ports. FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR ALCYONE" Arrives Aug. 22 from Japan.

M.S. "STAR ARCTURUS”

Arrives

Sally

Aug. 22 from Singapore

Aug. 23 for Moji, Kobe, Osaka, Nagoya, Yokohama &

M.S. "THAI"

Arrives Seits

Sept.

Sept, 5

Shimizu,

from Japan,

hus

for Singapore, Port Swetten-

Madras,

Colombo, Bombay, Karachi, Basrah & Kharramshahr,

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

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

Decline In NEW YORK

NY Cotton

Market

New York, Aug. 20.

Colton market bulis remained

FOREIGN EXCHANGES

on the defensive. Prices made a Laglond--omeial faltering start and continued to

butk down Irregularly up to the eltise,

covering

New York Aug. 20.

US$1.04

2.704 2.52 Bid-

2.35 asked 2.77% 2.75% 2.232

West Germany

Enough

by 'day traders and scule-down trade pelglan

10 enable | Denmark demand appeared prices to settle back in an order-France ly way. Selling orders coming reiland frum Wall Street commission Italy houses, New Orleans operators Norway and local professionals were not Portugal

Spain aggressive but their effect was accentuated by the

Switzerland pause in trade demand.

Egypt Domestic mlits and exporters tran were satisfied to pick up con-Iraq

Turkey tracts on the scaie-down. One leading commission house was Argentina nald to be the seller of 10,000 Brazil. bales spread across the board in Bolivia different positions. Usually ac-

Barter Pact

Bangkok, Aug. 20, The Director of Foreign Trade revealed today, that the Thai-Japanese negotia-. tions

Bangkok in

neating completion,

arc

Thiere would be a barter for th ében ugretmeili

account of US$35,000,000, export 01

Thalland

wit1

US$35,000,000

worth

goods #tid triboi 1116 same value from Japan-France- Presse.

Attraction For British Immigrants

Toronto.

The rising earnings of the average Canadian factory worker have Just passed the equivalent of £1,000 per year.

Post-war demands by unions have raised industrial wages to more than 250 per cent of the 1939 level and nearly 200 per cent of the 1945 Increases ünder escalator Organised labour now largely enjoys automatic clauses designed to shelter the worker against each rise in the cost-of-living index.

Japan & figure. Formosa Trade

Tokyo, Aug. 20. The Japan-China Econo mic Co-operation Promotion Committee, tential organ designed to bring about closer economic les with Nationalist China and its merchants in Southeast Asin,

came into existence today.

The inaugural meeting was attended by many of Japan's financial tho

top

economic and 1:adera who sponsored committee and Nationallst Chun who is ott a tour of h spection here.

the former Premier Chant

British Car

During the past twelve months Firms' Bid

The operation of these es-electric kettles, do have a car in calators coupled with the rising the garage, 68 have a pressure exchange value of the Canadian cooker, 50 have an electric range electric food dollar has this month brought and 30 have an the average factory worker's mixer. earnings to £1,040 per year,

Outatripping

the industrial average, annual earnings in the making Industry now paper

£1,275; in coal-thining £1,000; in primary irth and steel £1,100: In motor manufacturing £1,100 and in the all industry £1,810.

average

Even that beggar in the labour market, the farm hand, now earns between us and 51st day without board, according to hla job.

the average Canadian

mi,

woman and child tach ate 01 lbs of pork products, B1 lbs of beet, 23 lbs of poultry and 22 lbs 6 other meals, 270 egas, 23 lbs of butter and 8 lbs of margarine 107 lbs of sugar, and ample other foods, with only tea and potatoes the British cof- falling below sumption levels.

The average Canadian over 20

For Market

In Canada

London, Aug. 20. Brilish car firms are mak- These wages coupled with the seals of the spent £28 10s of ing a stronger-than-over

alcohol last year. This was opportunities offered by Catiada are attracting many British im- mostly home-consumed, as there bld in the Canadian mar-

ket. are few beer parlours and fewer migrants: especially single men cocktail bars except in the larger

य Exports have risen from who feel free to take

the cities. Signiflcant of transatlantic plurige, and skilled incefie,

His rising monthly average of under 2,300 his consumption of last year

to Just over 2,800 men capable of filing the open-splits went up 15 bek cent last 18 the second quartet bl this ms in Canada's fast-expanding year, while he drank. 2 per cent year ings electronics, petro-chemical arms industries.

Production line methods have

and

less beer.

AVERAGE SPENDING

simplified many manufacturing Association,

The committee, set up through the good offices of the Idpan.

Economic Chipa

to join hands with the seeks

China-Japan newly-established Cultural, and Economic Society in Formosa, headed by Chand Chun.

Prominent gures who spon- sored the committee included such lending

proces

chon to a acties of

The drive continues, with an extra spurt this month to coin- cide with the Canadian National Exhibition at Toronto from August 22

to September 0. Two top

executives of the British

motor

are industry the Atlantic specially crossing to give the British section at the exhibition an added boost,

Half the smokers roll their single oft-repeated operations, I own cigarettes, owing to the so even a man with no appren high Canadian tobacco tak; others ticed skill can Food carn the | přelétred anuggled and cheaper average industrial wage here.

American cigarettes. Last year the average adult Canadian HIGHEST EARNER

shoked 1,800 tallorable This average Man at the Bench

cigarettes, 1,580 home-rolled and a total cost of husincemen

making a four-figure slefling th- 338 "mu 1s

"smugs" ot Ichiro Ishilawa, President of come has become the aristocrat £ 15:

of the Canadian Inbour force, Japan's most influential Federa

In 1951 the average Canadian He out-carns the average office family of man, tion of Economic Organisations,

wife and two Allchiro Fujoyama, President of clerk, shop assistant, real estate

children spent £355 on food; 2171 the Japan Chamber of Commerce sahesinan, civil servont and ens

on clothing; £160 0:1 household and Industry,

Shora tertiller, did nearly matches

operation, such as

Mr Cooke will be staying on Ambassador to the basic pay of a captain in the heat, light and mortgage Murata, former

£130

in Carlidh for a thright to the Philippines,

on furniture, household

ap-meet modérii Broom

Government men and jewellery and car pliances,

heads of he Canadian motor labour-saving house, he enjoys operation; £85 on medical and

trode. luxuries undreamt of by Lon- don's pre-war City Man living funeral expenses; and £142 on

and

At the inaugural meeting Kenji Kodama, President of the Alo Bank. and Shin-- Hori, Chairman of the Board of Direc- tors of the Kansal Electric Power Company, were elected chairman and vice-chairman of the cam- mittée, respectively.

RED CHINA TRADE

Meanwhile, Generál Chang Chun, in a conference with the Japan-China Economic Associa- tion, stressed:

1. It would be erroneous for Jupan to entertain undtte hopes for trade with Fed Chind, because Red Chinn does not in- tend to export key materials to Japan and its trade polley.is always liked with political implications;

2. Japan,

therefore, should try for doser economie relations with Chinese Merchants Iri Southeast Asia;

on the tablebut in those days church

even more commanding-income in some Green Belt dormitory town.

R. Gresham Cole, director of the Society of Motor Mand- facturers and Tradera, the in- dustry's national organization, ia Toronto for the opening with A. B. Waring, Vie-President and Chairman of Joseph Lucas Industries L'd.

His netary includes Mod-

Twenty-two British Arms wil

Toronto, represent- exhibit at ing the full tange of British- model cars.-London Express Service.

newspapers and

and welfare treat and Ottawa,

He does not expect to travel and miscellaneous west to Brush Columbia. items. If both their children houses on his were under 10, they would have of each 100 average. Canadian street, 16 have received in Baby Bonus nearly been built since the war; 81 are double their income-tax payment

£32 10s. of £3 owner-occupied, probably under

clblics and a 20-year 44 per cent mortgage: Bome of their

durable consumer goods would 95 conlain a wireless

Act; 4

have been bought on hire pur- thechanical

refrigerator chase, explaining the apparent have

dectric Vacuum cleaner in

ner overspending. and 43 have a car in the garage. While all are heated, 78 par cent are centrally heated to a worm 70 degrees in winter by hot air from an oil or coal burn

A

48 have

ing furnace.

REMARKABLE FEAT

42

|

Of all urban and rural homes across Canada, 88 per cent now have electricity and 74 per cent have piped water supply.

The cost and difficulty of Nationallat providing these services are re-

8, Japan and China could trade millions of dollars' worth of goods a year, if efforts were made toward this

markable when it is remembered that Cadgda's population equdia that of Greater Landof bit is scattered across a country thirty- end;

the size of Great eight times 4. Close Chitta-Japan-United Britain. States economic relations should

The be maintained.

Mr Su I-cheng, secretory to à prominent Chinese businessman, Hu Wen-hu, visiting Japan, pro- posed the despatch of a Japanese inspection mission to Singapure. Mr Hu has offered support and old for Southeast Asians trip by 100 Japanese France-Presse,

Grain

businessmen,

Prices

In Chicago

Chicago, Aug. 20. Chicago Bralys Jalined the major eterichodities in a lower 1tend. Grains reatied to the low export demand plus im- proved crap and weather news and the expected large Canadian Wheat costa crop this year.

wife of this average worker has a battery of perhaps as 20 electrical ap- as many pllances to ease her housework and to provide her with a standard of living often described

gracious.

The fractional - horsepower electric motor is probably the only dally help the can got, even if she could afford the 38s plus bus fare

fare demanded by the rare

Recent

eight-hour charwoman ts

which scours

the

This is the picture,, based on fets extracted from last year's census and other sources, which is furing adventurous and able Britons to Canada, In spite of the fact that the average im- taas with a capital migrant ettshjont of less than £300, and would not be permitted to export much more If he had it;

The Rubber

Markets

HONGKONG SHARE MARKET

(From Our Correipändent); Business done on the Stockt Estelinhke this morning amolirited tor $149,310. Noon quotations and the morning's transactions:- SHARËS DUYERS SÉLÌÈNS SALES

BANKS

IK Bank Eist Azla

INSURANCES

Vilon

1420

HK Fire...

Asia Nav. 1.06

ETC. DOCHBA

N. Pf. Dock

London, Aug. 20. The rubber market whs

Prices closed SIPPING steadier today. today as follows Humbet i rubber, in pehee

per ib. september Dalober/December January/March April/June

NEW YORK MARKËT

2012-16 20-10 2321-20

Provident

1314.30

S'hal Deck

United Press.

Whetlock

1.30 424

LAND, ETC.

211 Hotel

HK Land (0) 48

Shai Land

1.56

Humphreys

to

10

UTILITIES

Tram XD

P Tram (0)

F. Tram

10.00

130

in

New York, Aug. “23, electronics have introduced the

electric

Prices of rubber futures closed rė- self-defrosting

today 15 points lower automatically points higher with sales totalling frigerator;

slopping electric starling and cooking range; the dishwasher 2 contracts. Switching opera- tions and evening-up in Septem- and rinses the dishes with warm water, then ber delivery featured quiet trade steams them before switching with dealers reporting dormant hing factory interest in the outside washing itself off, the clothes machine which spin-dries the market. Prices closed today as

follows: when it is clean, and September Inundry then switches itself off; and, of October

the electric clock which November December switches on the coffee percolator, Pensis) then a few minutes later turn February

Canada

unofficial

30-day futures

-day futures

Australia New Zealand South Africa

2,70

2.70

01985% 1458 .0028-0/16

420

2007

.0016

.1403

,0370

Sweden,

.0035

continued

MIDDLE EAST

2331

2.00%

2.70€

3375

LATIN AMERICA

,0040

.0500

.0005

.COMS

.00

.1103

.0014

Wheat price per buthel

STDO

Spot

2,30

2003

Sepitfiber

FAR EAST

2002

May

1,43%-{k 2.4376

2030

.1763

3016

.3293

360 yen to US$1

United Press.

Corn Spot September December

March May

1.0d

1.7412

1.76-1,7855

1.7016-

Rya

Columbia

lower. Prices deptember

Spot

4.0144

Nelion

3.07

Osta

Spot

September

New

Chile

Colombia

curate ring observers surmised čuba that this Belling represented | Maxico liquidation of old long positions.

The hesitancy among recent buyers was coupled with

Peru Uruguay Venezuela

the India

in

Japan

prospects of cooler temperatures Pakistan with some rain in Texas and Hongkong Indonesia Oklahoma; the pause in textile gingaror market aclivity; the dullness export demand and the impend- In harvesting ing expansion eperations and a possibility that 20 to 28 points

volume of hedging.

the market may be called upon closed. today as follower shortly to absorb an increased Spot

October December March (1953) report May placing domestic consumption of July

bales WGB October

The Census

Bureau

cotton at 802,594

Flightly better than expected, and December

compared with 695,085 bales NEW ORLEANS used in June and 700,072 bales spot consumed in July last year. The October constienption for 1981-52 teason December totalled 9,139,400 bales compared March: (1953).

May with 19,054,410 balen a ptor tyTỢI JUIS

October

The market opened of 2 higher December to 12 points dower. It clored at /

30.70 nominal 36.51-5.51 30.30-38.41

30.30 36.11 37.53-37.66 54.60 bid 25.42 bid United Press, MARKET 30.00 30.40-38.83 25.51430.42

bid

sa.on

37.53 bid

38.04 114

33:30 614

United Press.

4 to 1 lower and soybeans were

1 to 2 tower. Prices closed-to- day as follow

December

March

on the wireless to wake the March

household up to music-doing this in winter after the pre-set ühe Euty thermostat has raised the au

***.) August 1.35-1.3714 tomatically heated house tem Beptember

perature from the notturnal 80 Deter degrees to the day-line 70 November against the sub-zero temperature outside the double windows.

In the homes of the 7,000 Inhabitants of the

Brish

town mining

of can be found typical Living standards, hot the overall average by the backward sart Yok four-per, 200 to. distrjets in Quebec Province and

Back, #12-United Prest.

rought down re fre

by.

frontler

now. farmlands.

TIFICAL STANDARDS.

Spot

30.00 bid

30.07

29.54 novina!

28.00 bid

3.36 homthet 28.00

27.10 bid"

1.36 nominal

14

28.00 25.30 bid

„United Press.

LONDON TIN

MARKET

London, Aug. 20. The in market was steady hat inactive with turnover of only Dve tune for forward' positiefts,

Tung. Oil In NY Of each 100 houses in Nelson, Frieps closed, today at the end

all have a telephone, all have of tu antal

oficial, mothing session

New

Aug. 20.4 hợtwater héátét, 19 finve ați - de

diccitle Iteis lind Salm have anot electric frohing chine for

Prices in the seeds and oils maritet cloned unchanged with the following exception

Turse oil, in tank cars, F.O.E. Now York, per lb, 33-88 cents, -Units FromK

inta dal finch, 89 have en respon electric toaster, 80 have dikhrel mail Us FellsE

Battlement electric vacuum cleaner, 80, have uses dona at an electric refrigeratőr, 72 havo]

·C, Light C. Light

#100 @ 18.00

0.05 3.95 1000 @ 3.97 Featri 22.40 21.00 300 0 22.00 500 @ 2215 Macao Elec.

19.40 200 @ 175% Telophone INDUSTRIALS

Cement..... 1735 100 200 15 1000 @ 17.60

Поре STORES. ETC.

Dairy

Wation R

Crawford

18.90 19.18

MISCELLANEOUS Jntertainment

21

200 & 14.90

Exchange Rates

Bualnets

Puge

ROYAL INTEROCEAN LINES

"VAN BRUTSE" "TUWANGI"

**THBANTSET"

*TJIMENTENG" -TJILUVAK"

"VAN BEUTRZ"

"TJIBADANE" "TJIKAMPEK" #TWANGY*

SAILINGS

Aug. 21

To

Singapore, DJMAZA, RaliiBang-

Juviawan, koji,& Palat

Alagapore. Dakarta, Bemarang,

Kurabalahíacassar

Згорад

bjakarta. Tilraun. Remarang

BAFABKIN státaidse

Japsh

Mattila, Bingapore. Minurilliú,

§7 Atries & is Amarlen i Stand, Blgapore, E. & S. Africa · singapore. Djakarta. SOMARDI

nutakala & Macassar

Japan

Singapore, Penang & Belawan Dall Semarang. Jakarta,

Thirebon, Botilal & IRCARNAT Ringopate, Da Boulakang,

bátanna #'stdekuili

Art. 1

Hept,'

"TJIPONDOR"

Rept.

MAKASSAR

"BOIBSKVAIN”

Berl. Sept.

Rept.

12

dept. 16

Bapt. 17 Ret. Appt. 23

OEL.

MAKABSAR"

"VAN HEUTSZ.“

Oct.

ItÏANTSÆT

Oct.

"TJIDODAS"

Oct.

“TJÍJADANĄ TILUWAI

"TJIPANAS” "NUVA "TRIWANGI”

thet,

Bet,

Oct. Nov.

17

Japan

Nov.

"TABMAN"

TJIPANAS"

TJIBADANE"

Nov. Nov. 5

Nov. D

.

VÁN KH "TSIWANGE “TJÍNANTJET

HETHAAT

MAKASSAR"

**TTONDOR"

"BOIRSEVAIN"

Japit

Maniin,

• Blagaporn.

Mauritius

B. Africa & S. America Singapore, Penang & Belawan boil Matill, fikfavery, E. & B♫ Atilla Djakatt

Tizebon,

Heluraus,

surabila a tacassar

Гарая

Singapore, DJakarta. Kotharans,

"Burabila & Maellar

Japan

отдароге. Djakarta.

"Burabata, a Macassar |

Устагаль

Singapore, Fenang & Delawan Doll DJÁKAFLA G&mataDE; Buradals

MERCATSU

Midgapore, Matieitipi, 8. Aftles &

St. Anserica

ARRIVALS

In Port- Aup. ET Aept.

. sept.

Sept.

Sept.

Japan

From

svtilemisar. Rurabaja,

►

Djakarta & Singepera Indsheilan Porta

Semarang.

8. Amsṛlea, ́B. Africa, Mauritius,

Singapore & Manila

Jatid

Japan

KING'S BUILDING, Ground Floor,

TEL. 28015/18

CHINESE AGENTS! 82 CONNAUGHT RD. C. TELS, 31100, 20198

MAERSK LINE

FAST FORTNIGHTLY BERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vís BAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT SAILINGS

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

M.S.

ARRIVALS FROM U.S.A. NICOLINE MAERSK”

MS. "ANNA MAÉRSK" M.S. "LEXA MAERSK”

Sept.

27 Sept. 15

Oct.

2

Aug. 26

Sept. 10

Oct. 2

For Freight and Further Particulars plénsé apply to lase

AGENTS:

JEBSEN

Pedder Building.

& CO.

Tel. Nos, 86086-9.

Crops Canada's

Damage To Offset By

Wheat Prospects.

Washington, Aug. 20.

Damage to crops in the United States from estimated thus far at about the drought, $1,250,000,000 has been offset in Canada by gozd growing weather for grains and expectation of an all-time record of wheat crop.

Large wheat crops in both the United States and Canada will reduce the repercussions of the U.S. drought on international commerce.

industry. In Mexico, no extraordinary, affect the livestock

The hay crop this year prob- drought situation had been trẻ- ported but there has been un- ably was less than 100,000,000 than usual dryness in the Laguna tons, about 0,000,000 less

last year.

arca.

In

7

The drought situation Texas and Oklahoma is getting arcas worse and the Mexican

ap

President Truman on August

mado disaster rellet plicable to the States of Ken- tucky and

with Tennessee $3,000,000 in emergency funds to be used chiefly for transpor Icas

tation

from of hay

other pro-States to save cattle,

in the Rio Grande reglen may be affected. The Mexican cot

this ion crop Umated at 225,000 bales than the 1,150,000 bates

ycar

was

duction last year, partly due to the dryness in the planting credit period but also to the restrictions.

Various credit ald and other assistance measures are being States applled in nine other which must be affected by the

an

the

cam

A report to the US Agricul- drought.

Canada ture Department from

The sovere drought in the

frade that the. weather Southeasterh. U.S. today sald had been flue for all grain extraordinary Impact nn crops. Wheat will reach an all-national consciousness partly ume record of about 850,000,- because of the political 000 bushels, compared to the paigns and partly because of 1928 record of 800,000,000. fears that may cause a fur-

ther riso in the cost of living, The other Canadian grain es 11te Ideal

The emergency assistance / Aven was done in

timates were: bats exchange market

480,000,000 to

farmers might help tho Thorning it the following rates: Bushels; batley 205,000,000 and Democratic Party in the South- 1.9. dollar (Der $1)

26,000,000, 7

erh Stales but would have Despite the drought damage Tittle effect on the nationwide to maize

the election

results,

as the South Untied

Slater, the Agriculture

tra Slabs are usually count U.S. Department estimated the

ed as certainly. Democratie. plus total wheat crop (Winter

The Agriculture and Com Spring) this year at 1,290,000-merce Departments claim that 000 bustiels against, total pro the drought is not likely to duction in 1901 of 087,474,000 have a serious inflation affect bushels and, a ten-year average on the cost of living. of 1,004,804,000 bushels,

··LÍVESTOCK ÁFFECTED S buying

114

Stething note, sper, &11 Indones Suiders (per 100) Siam flcate (per 100)

$6.00 5420

Singeper (Btraits),

F10 plimren (per 100)

Copra Quotation

Now,

York, Aug. 20. Cobra was quoted today at $130 por short ton, nominal. Reports of European helped to Arm prices. On cocoa- nut oll, mills rained spot offers 16 94 cents a pound United ProAS.

colton in and

Despite the drought-indige." the total crop production in the U.S. this year is likely to fo

The drought also affected the third largest in history, the hay crop in the South- exceeded only in 1043 eastern U.S. which in turn will | 1949. —United Press.