1952-08-25 — Page 9

MESSAGERIES M

"GRENOBLE"

Arriving

THE CHINA MAIL, MONDAY, AUGUST 25, 1952.

MARITIMES A QUIET WEEK IN LONDON ROYAL INTEROCEAN LINES

M

Leaving

Sept. P Hept,

*"LA MARSEILLAISE" ..Sept. 15

*.......................Sept. 23

"FALAISE"

""TAUKUS"

"COURSEULLES”

+"GRENOBLE"

firpt. 10

Hept. 24

I

..Aug. 27 ...opt. 10

Aug. 27 Sept. 11

Bapt. 27

....Oct. 3 Oct,

LA MARSEILLAISE".Sept. 20

For passenger and freight.

Outward For

Japan

Yokohama. & Kabe

Зарда

Homeward For

Saigon & Ifalphong N. Africa & Europe Marseilles via Balgen

N. Africa a Europe

↑ For freight to Saigon, Alexandria, Genon, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam. Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports. -via Djibouti to Madagascar.

Subject To Change Without Notice:

CIE DES MESSAGERIES MARITIMES F.O. Box 63, Hongkong

Queen's Building (gr. floor)

EVERETT

Business On Stock Market At Low Ebb

Wool Trading Declines

Washington, Aug; 24. Gobat trade in raw wool last year totalled about 2.2 blilion pounds, the Govern- ment reported.

Investors And Speculators Still Avoid Commitments

(FROM OUR OWN CORRESPONDENT)

London, Aug, 24. Business on the Stock Exchange remained at a low ebb. this past That was 500,000,000 less than

the and in 1950

week as investors and speculators alike are still unwilling to commit them- ioweak volume of any year

selves. II. War World since Associated Press.

Tel. 26651 (3 lines). Japan

LINES

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

"NOREVERETT”

Arrives Sept. 3 from Singapore. Sails Sept. 4 for Japan.

"REBEVERETT"

Arrives Sept. 10 from Manila. Sails

for Singapore, Penang, Sept. 11

Rangoon & Calcutta.

(Accepting carzo for translipment Kobe/l'usan 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. "THAI”

Arrives Sept. 4 Sails

from Japan.

Singapore, Sept. 5 for

Port

Swettenham, Madras,

Colombo,

Bombay, Karachi, Basrah

Kharramshahr.

M.S. "STAR BETELGEUSE"

Arrives Sept. 9 from Singapore

Salla Sept. 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: Telephono 28293.

Textile

Prices Softening

New York, Aug. 24.

A routine situation prevailed

&

Cotton Market

Ends Week In

Lower Ground

A

New York, Aug. 24. The cotton futures market in all the basic textile markets closed the week on lower ground It week with prices tending to after swaying back and forth more over a range of almost $5 1 Foften as buyers became

bale. selective.

At Friday's close, the

list The erratic action of raw cotton

points lower prices put the quietus on activity ruled 27 to 50

and finished cotton than the preceeding week. grey

Some

traders favoured eloths.

Reselling of print cloths al neutral position pending further along with concessions Intressed the degree crop developments

Korcan news and a return the of buyer caution.

But mlimen claimed that the of activity in the textile trade.

The Census Burcou estimated volume of second-hand offerings was shallow and 'nothing to be the consumption of raw cotton afraid of." Executives reasoned for the June 30 to August

was tem- period at 992,504 that the present lull

pared with (porary.

bales, com 768,072 boles used

Cotton yarn spinners reported in the July 1-August 4 period

a comparatively light demand last year.

for weaving yarns in relation to knitting

The consumption for 1051-

52 season amounted to 0,133,-

types. Prices held 400 bales against 10,054,410

reported

season

are to begin full-scale production GERMAN FIRM

of the new lines--United Press.

May Make A Deposit

In Paris

As Token. Of Good Intentions

Tokyo, Aug. 24. Unconfirmed newspaper re ports said today that Japan next month would make a deposit token of good with France as a intentions to French holders of Japan's pre-wor external bonds. The deposit would be on the same lines us those made in Britain and America prior to the current negotiations for settlement of pre-war external Indebtedness.

Japan deposited £20,000,000 in London and $20,000,000 in the

ited States.

Negotiations now being hold

Government securities, however, remained firm, showing rises up to 22/0d, but gains were primarily due to shortage of stock.

Overshadowing the industrial market are further increased wago claims, Investors are also awaiting the outcome of next month's Trades Union Con- gress and the Labour Party conference.

The General Council of the Acally demunded in the areas T.U.C. has already warned the they serve and must improve workers of the dangers to Bri- | their packaging.

tain's economy incurred in pay- In this connection the British Ing higher wages but theco Export Trade Research Organi- warnings have

Tocotved scantsation has prepared a book to attention from factory hands,

help

exporters gain markets in Bright spot in the general Canada. market apathy, however, has

The

that book emphasizes been the Kafirs section follow-

many Canadian housewives are ing South Africa's agitation for

attracted primarily by the out→ 4 higher gold price.

ward appearance of packages and cans on shops' shelves and counters.

ng

Informed quarters, though, dismiss the Idea et an increased price in the near future wishful thinking.

The most they expect is that possibly support Britain may South Africa's plea at the next of the International meeting Monetary Fund in Mexico City.

Such pleas have to date bean

The United | flatly rejected by States, who are in a position to now Britain mny call the tune; not even wish to expose herself to a certain rebult.

U.S. ADAMANT It is pointed out that if the

raised, gold price were Sterling Area's dollar gap would immediately become less critical,

the

Ish

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock It then lats criticisms, of Br!- Exchange this morning amount- packaging, including its lacked to $05,444. Noon quotations of colour, its insufficient use of and the morning's transactions:

SHADES BUYERS BELLERS SALE: DANKS transparent ilm and sheet, and the quality of cardboard used, for cartons.

Once again the customer is always right.

QUESTION. MARK

1K Bank... 1420 1440 East Asia. 14 INSURANCES

Union ....*** DOCKS,

K. WC.

THO

N. Ft. Wharf 0.40 Provident -Wheelock

LAND, ETC.

Hotel

... 4212

HER Land (N) Humphreys | 11,80 12.30 UTILIS

P. Tram (0)

P. Tram (27) 1315 C. Light (0) 8

London, Aug. 24. The stock exchange closed the week with a question mark.

On

the index of the Friday average market value of leading:

statistically speaking, it rang the industrials reached 14.1 and,

Index

Choctrio reached that exact the level and lumbled.

It was

a good week so far as W63 con- cerned but prices were conserva- live in their advances,

in the United States for a and South Africa would achieve bell. For twice this year has

British and seillement of American-held bonds are re ported to be in difficulties over

now

Amperity.

though, shows no intention of changing the dollar's the dollar settlement, clause in / gold price although a revalua- is underlying tone

tion of gold against currency is

the Inter by sanctioned national Monetary Fund's rules. American statesmen have frequently stressed that they see

need for Ty change-

British-heid bonds.

no

The newspaper Mainichi cald financial today that Jepan's expert new at the talks in the United States, Mr Julchi Tsushima, would probably go to Paris from the United States especially as America is at pre enjoying unparalleled to confer with French experts sent

this is the oni technical maiters connected prosper

decisive with the deposit.

Omcial confirmation was not immediately available. *

The Mainichi said the move to make a deposit in France followed representations to Japan from the French Creditors Protective Association-Reuter.

Indian Tea

Exports To Russia Fall

A future big depression in America might after this outlook

but this remains an eventuality.

مه

Engineering firms dealing with rearmament continue to well.

But news of dismissals in motor manufacturing companies, which have not thus sufficiently benefited and which are facing Import restrictions abroad, ban depressed the issues,

BUYERS WARY Commodity shares appear to have temporarily grounded and investors, art cottini their losaes over recent months.

Buyers in this section, though, are still wary even at the pre- valling lower levels,

And brokers are unwilling to the trend of prices forecast when the West's rearmament slackens even programme

New Delhi, Aug, 24. Indian tee exports to the so- viet Union dropped by 50 per cont in 1951-52, the Commerce Minister, T. T. Krishnamachart, told questioner in Parliament. though the long-term rate of The tea was apparently not consumption of all commodities norded by the Soviets during must be on the increase. this period," he said.

Black teu exports to Russia

Both the in and rubber. markets pemain drm, which is an

decreased from 11,030,874 encouraging sige at this time of pounds to 5,123,073 pounds in year. 1031-52, he added. The Soviet

Copper, lead and zine are also

Union Imported an Indian ruw steady, both on the London

Jute In 1951-52.

of molion Russian exports pictures jumped to 1,384,200 foot in 1951-52 from a previous high of 821,202 feet in 1849-50. Congo red dyes from Russia increased from 17,840 pounds in 1950-81 to 64,324 in 1951-52-Associated Press.

Netherlands Footwear

Industry

market and on the Continent.

REALISTIC PRICE

Sisal and Jute appear steady, and buyers are again making inquiries following long period of watching from the sidelines, while prices plummeted from their Korean war high.

Ninety Founds per ton for Bisal is "realistle," according to market circles, and £290, as it wus was earlier this year, "absurd."

in both

The new juto 'crop India and Pakistan is promising

and there is likely to be

Krid.

are

a quite MAGING

MUJ

Imperial Chemicals gained six pence

and Woolworths nina pence, and several lesser known Issues put on a shilling. There was a fair amount of institution- at buying.

Watson

100 #20

1800 @ 13

1500

℗ 4.50

7 250 40 20.50

8.90 1200 @ 4.85

100 07 4.DO 10002003

"INWANDF

"DOISBEVAIN”

"STRAAT

MAKASIAR" "TJANTIET" "TJIENTENⱭ": PERSADANG HTFILUWAI".

LİVAN ÚKUTEZ” "TJIHAMPEK" **TIIWAŃUÏT.

"TSIBADANE"

TFGELEERO"

BALLI'N O'B⋅

singapore, DJAMILAR

gipt.

Mapila,

Bapt. Берк

ge; ཟ

NYÍRATADE.

singapore. Madelius,

8. Africa America

Japan

Malia, Singapore, É. "A" 8. Africk singapore, Pohang à Belawan pen Sung-pore, Djakarta, Semarang

Kurabala a DIACABRAL

Jaya

Jakarta, Tjirehom, Beniarang.

Burgbala & Macassar

Singapore,je Pjakarta; QUEMATADE,

Surabala & Macassar

Japen

**

Singapore,

Mauritius,

MEN AIRLE &. 8. America Singapore, Penang & Belawan Deli Manlia, Bingapore, 2. & S., Africa Djakarta, Tston, Hemarang,

Sipi,

Bapt.

Oct,

2

:

Oct.

STRAAT

Oct.

Mint

BLAKAIBAN

*VAN UKUTAZT

10

"THBANTJPTM“*

Oct.

"TJIDODAS"

Och.

“THLUWAR"

Oct. 19

WISIPANAS

Oct. Nov.

Japan

1

"THWANGT

Nov.

"TASMAN

Nov.

"TJIPANAS**

Nor.

iTHSADANE”.

NOT.

1

"KUYA"

"SZLAT"

Kurkkala & Maenisar

Singapore, Djakarta,

"Kurabala & Macassar

Jajan

Semarang.

singapore, bjakaria. Semarang,

Surabala & Mazastar

Singapore, Penang. & Delawan Deli

Jakarta. Bemarang, Burabala

Machar

Blogspore, Mauritus, S. Africa

B. America

ARRIVAL B

"TJIWANGI'

Aup. 27

"BOÍSSEVAIN

Sept.

Sept.

MAKASSAN" **TJIPUNDOK"

Sept.

B

“TJUANTJET”

Hopf, 9

*JIMENTENG"

Bapt. 10

"TILUWAR"

Sept 12

From

Micastar. Surabata. Bemarang.

Djakarta & Singapore Japan

6. America, 8. Africa, Mauritius,

Bingapore & Mania

Suban

Indonesian Porta

Japan

Macassar, Borabals, Semarang,

Djakiria & Bingaporo

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

· CHINESE AGENTS: 82 CONNAUGIFT RD. C. TELS. 31190, 25129

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

21.30 22.40 Macao

Elec.

10.00 Telephone_ .. 17.10 INDUSTRIES

10.30 Rope STORES, ETC.

Dairy

10.20

21,20 500 37.40

201Ù 27 24

M.S. "TREIN MAERSK"

215

M.S. "PETER MAERSK”

1000

В

M.S. "NICOLINE MAERSK”

M.S. "NICOLINE MAERSK” MS.. "ANNA MAERSK” ·

M.8,

"LEXA MAERSK"

Crawford COTTONS

ENG ........ MISCELLANEOUS Vibraees

Delegation From Taipei

Talpel, Aug. 24.

Gossip that South Africa win again raise the question of the price of gold at the September meeting of the International Monetary Fund led to speculs- tive activity in gold shares with A five-man delegation will the big mining and finance represent Nationalist China at houses openly supporting the the International Monetary rise. Consolidated Goldfelds Fund and World Bank Con- gained 2 shillings.

ference next month in Mexico.

Among foreign bonds there was selective buying of Japanese which lifted 1930's to £154 and 1907's to £129%. Others were mostly unchanged.

In the German section, the strength of Young Loan went up 3% to 844.

Greek 7 per cents rose another £1 to £13.-United Press.

Mr Hsu Po-yuan, General Manager of the Bank of China In New York, is expected to head the delegation, with Mr P. H. Ho, chief Nationalist repre- sentative with the United States Technical Ald Mission Ja Washington, and Mr Tan Pal yu, prominent Nationalist banker. Reuter.

Sept. 2 Sept. 15

Oct.

2

Jaww

Aug. 20

Sept. 10

Oct. 2

ARRIVALS FROM U.S.A.

For Freight and Further Particulars please apply to:--

-AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos. 36006-9, ·

Dates and rotation subject to change without notice,

New Markets For PENINSULAR

Japan Urged By U.S. Publication

New York, Aug. 24.

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CORFU"

The "Journal of Commerce" today urged the West to ensure that Japan be given a "reasonable opportunity" to develop her trade outside of China and Manchuria as a means of developing and SAILS: strengthening Japanese co-operation with the free nations.

NOTICE TO PASSENGERS

Praising Japan's co-operation with the West, it said: "it must be expected, following any peace that may be BAGGAGE: achieved in Korea, that Japan will seek some expansion in her trade with Manchuria and China-historically the natural market for her goods and a source of manufac tured raw materials,

Bounce

"The tra tradir

SPECIAL NOTE:

THURSDAY the 28th August at 12.00 Noon for the UNITED KING- DOM 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 WEDNESDAY the 27th August, 1952.

With the exception of Hand packages carried by passengers themselves, ALL BAGGAGE niust pass through the Wharf Cole Godown for loading on board by ship'a slings only.

Will take place THURSDAY, tho 28th August, 1952 between 9.30 a.in. and 11,00 a.m.

Business Cards?

Jute surplus especially as Pakis- tan wal have a fairly largo the Carryover of foro from 1951/52 crop.

"It would be unfortunate, and pro quo on her own part. Never- But, with the increased de- ja

of friction between theless, it is up to the Westem Utrecht, Aug 24.

if this world to realise that the coured mand for jute goods at the pre- Japan and the West. The Dutch footwear industry, valling lower prices, the surplus should develop in a manner to of action they adopt in these counter the best Interests of the manners now may do a great 14,000 people, should not depress, prices. employing some

deal to determine the future of There is also sign in 1951 exported about. 3,000,-

of some free world.

Japan, as 000 pairs of shoes, slippers, etc recovery in the rayon, cotton lo am especially bales a year ago.

"But the best way of holding worth $9,470,000, teady

wool trades and retailers

Japades combed yarns where demand was

The Burenti also

Total 1951 production amount-

again making in this within limits is to ensue that drawn into the Western trading tiatively good and supplies.

Japan be given a reasonable op- aystem, the leas, they will be EMBARKATION: the preliminary raw cottoned to 21,000,000 pairs with

portunity to develop her irade is tempted to break away and go SIGNS rather scarce.

carryover guro at 2,745,253 value of about $68,000,000. The settlement of the

curpet

running bales for the

Competition amongst traders other directions. This is some off again on their own to revive In pre-war 1938 the Dutch mill strikes is expected to ended July 31.-United Press.

footwear industry produced 16,-

at home, however, to increas-thing that cannot be done all at their once great trade with the in 000,000 pairs of those etc., of Ing, and in the export market once, of course. The important Asiatic mainland (which strengthen the weaving counts

which 242,000 pairs, worth after Labour Day, when mills

Western Germany Is brcoming thing is that, it is done in Ume. current parlance means trade Thỏ cililoripi mitkä iho Brillati with the Reds) ond turn their $130,000, were exported.

However, in pre-war years an increasingly dang jous com-

concern over the Japanese ship-backs on co-operation with the

cri- Western world." imported, while. wero

that the American com- can reverses in the Philippines

Fears that Japan 'would' flood, Netherlands is a shoe-expozung

modity market appears to be textile market from

in the world, with low-cost, manu- natkin now,

it is believed roads Among

indications. olj

of the pre- The industry, which last year steadying and

pro-way trade with Red There was evidence that Britain, China and Manchuria had failed. $287,000 submitted by Dunhill Korean War la touristling down textile industry, there is and perhaps some other nations to materialise. "However great Taipei, Aug. 24. International, Inc., of Now as the Dutch people are in the A visiting economic mission York.

market again, og hormat scale slowly recovering and a number were reluctant to welcome Japan the trepidation, has been, the new

an into full consumer trades, show

membership in the Japan has done little to justify from Osalta, headed by In ils. first attempt to sell and the export-trade is increas-

G. A. T.. T. or were opposed at it. Mishisuke Sugi, chairman of the the company, which was seized Ing.-Atrociated "Extrs,

"exporters, racanwhile, lost to the automatic erte op i manger of, trading with Com-

""On the contrary, in Osaka Chamber of Commerce, during the war, the Govera

pan at most favoured fact that they must

treatment. more pay

thunist

her approach The

that these wald

.to: tha free trading dresses of the paper. train for a one-week survey of na being too low. That was in Exchange Rates with the unimalatable to

Business:done in the foed tention to sales technique, if undutrials exchange market this they wish to retain or expand matters were subject to negotin- world, Japan. Has this

Test tion with the nations involved, behaved with commendable mornids At the following ra

markets abrand's U.Badalike „ther $1

Reports from the world over and added: It is hardly to be restraint and showed a food deal Indogende guidon (per 100), 2000 Indicate that they must con expected that Japan can expect of willingning to co-operato

centrate of despatching only support from the Brillex Com whenever. co-operation

some quid possible."--United Press. types and quality of goods speel-monwealth without

OSAKA MISSION

IN FORMOSA

FOR SALE

New York, Aug. 24 Highest bid for tho former

Important quantities of footwensenting; however, are building competition and Ameri-|

the.

Germon firm, Leitz, Inc., was suffered trem, the effects of the that it has reached a period of | possible, misunderstandings/actured goods and seek a revival.

•

is to levo Taipei tonight by ment rejected a bid of $077,709

Industrial installations southwa Formosa,

of June. The Government, la ex- pecios to announce its ruling

Yesterday they were guests of on the Dunhill bla, this month.

the Japanese Charge d'Affaires, Mr. Kimura, who gave a cock Yall parly In their honour Associated Press,

Leitz Imports and distributcastedion mattor 21)

the German-made Lelea camera

in the United States, an As-

ociated PreSS,. S

Blum ucilag 200)

Engapore. 18traits)

FIC plastres (per 100)

WIL

18.10

of

to Japan

пгела

!

her

far

Orders Completed

In 24 Hours

The South China Morning Post

PRINTING DEPARTMENT

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