1952-09-11 — Page 9

MESSAGERIES

MARITIMES

THE CHINA MAIL, THURSDAY, SEPTEMBER 11, 1952.

Hope For Increasing

MM Investments In The

Arriving

"LA MARSEILLAISE" ..51pt. 10 "FALAISE” *******Sept. 27

LOAVIDE Outward For

Sept. 11 Sept. 2

B

Sept. 13 Sept. 28 Oct.

"COURSEULLE5” .....Bept. 15 LA MARSEILLAISE" ..Sept. 27 "GRENOBLE" " +"FALAISE”

26 ....... Oct. For passenger and freight,

Yokohama & Kobe' Japan

Homeward For

N, Africa & Compe Marsuilles via Saigon N. Africa & Europe Oct. 27 N. Africa & Europe

D

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

via Marseilles to all Mediterranean & West Africa Porta.. -via Djibouti to' Madagascar,

Subject To Change without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (8 lines).

LINES

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

"REBEVERETT"

In Port Loading Sails

Sept. 12 for Singapore, Penang,

Rangoon & Calcutta,

"LENEVERETT”

Arrives Sept. 23 from Singapore. Salls. Sept. 24 for Kobe & Yokohama.

(Accepting carzo 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 Coast Indian and Persian Gulf Ports.

FIRST CLASS PASSENGER ACCOMMODATION M.S. "STAR BETELGEUSE"

In Port Loading Soils

Sept. 12 for

Kobe,

Osaka, &

Nagoya, Shimizu

1 Yokohama.

M.S. "STAR ARCTURUS”

Backward Countries

NEXT YEAR'S PROSPECTS

Mexico City, Sept. 10.

The Chairman of the Finance Department of the International Monetary Fund, Mr. Henry C. Murphy, in his survey for the next 12 months, expressed the hope of a gradual development of investment in the under-developed countries.

Mr Murphy said that prospects for the next 12 months were that business activity would increase in the United States and that United States imports would rise.

Scrap Metal For Japan

Singapore, Sept. 10. Hundreds of smashed-up mulor vehicles are about to start their last Journey—- from Singapore to Japan,

They

are among 2,600 tons of scrap metal now being loaded on the Formosan ship Kao Halting.

The metal will be taken to Kobe, where it will be melted down for steel,— Reuter.

HONGKONG

SHARE MARKET

Western Europe was likely to bring its infla- tionary pressure under more control, partially through a revival of monetary policy,

As a consequence, Europe was likely to be à smaller Importer of United States commercial ex- ports and a larger exporter to other areas,

Imports of under-developed countries wore likely to decline because of the impaired reserve position.

the

United States commercial ex- were likely to decline in ports consequence but not enough to interfere

seriously with country's domestic prosperity.

The changes would on the whole represent some improve- ment in world payments," Mr Murphy said.

PROPOSAL

FOR JAPAN REJECTED

Wellington, Sept, 10. New Zealand has rejected the proposal that

Japan should be allowed to conduct any tariff | negotiations beloro considera "Över a longer run we may tion of her application a hope for further improvement member of the General Agree- as a result of a further reduc-meat on Tariffs and Trade, Mr tion in inflationary pressure and Charles Bowden, Minister of D gradual development of a Custom, disclosed today. merited stream of investment Mr Bowden, answering

ww toward under-developed coun- question in the House of Representatives sald New Zealand opposed the proposal because she believed Japan's op- plication should be considered at the full conference of the GATT'S 54 member nations next month.

tries,"

There measures would rict constitute a complete solution of the problem, but would reduce it to its hard core, with which Ex-only surplus countries, could

deal, he added.

(From Our Correspondent)

Business on the Stock change this morning amounted to $295,812.80. Noon quotations and the morning's transactions: SHARES BUTERS SELLERY BALES

DANKS

Jik Bank

Eut Asia ....

Unjon

INSURANCES

Under

DOCKS, ETC.

1425

401425

J

103 @ 70$

CREDITS POLICY

A

This followed a "postal vote" by the member nations on the Japanese application-Reuter.

Mr Bowden said New Zea- land intended to maintain her The International Monetary interim policy of provisional Fund budget for 1952-53 showed participation in the GATT. (a deficit of US$1,400,000. A It was offelally announced in committee is to be formed to Geneva last month that Japan's discuss the British and other application would be considered suggestions for economy,

at the GATT session beginning Mr Ivar Rooth, Managing-on October 12. Director of the Fund and former Governor of the Bank of Sweden, stated at a Press in- terview that world exports in 500 is 6.79 1051 were $80,000,000,000 and 12.40 32.00 3000 6 12 short-term credits were severely + 300 & 43mited at a time when many

countries

had inadequate re- Given the adoption of rea- sonable policies by member countries, the Fund could make more short and moderate-term credits available," he said.

N. Pt. "Wharf 0.70

Dock

Provident

Wheelock

LAND, ETC.

20

TIK Hotel 6.56 0.63 HK Ltd (0) 6074

MIC Land (N) 48%

Humphreys..

1000

At the International Monetary

The Rubber

Markets

Bingapore, Sept. 10.

To

Semarang.

Page

ROYAL INTEROCEAN LINES

SAILING 8

Hingapore, Djakesta,

surabila & Macariar Bingapore, Djakarta - Palembang

Helawan Boll

P.I. F'orta. Slugapore. E. & 8. Africa BIDEEPOTE, Djakarta .Bemarang,

Burbála "Macunar

Djakarta, Semarang, Surabajad

stacoaste

Singapore, Djakarta, Semarang,

Butabula & "Macassar

Dianila, Ringapors E, B. Africa

Africa & 8. Apperica

Bros. 16

Seattle Trade Fair

*STRAAT

MAKASSAR* “TJILUWAH"

Rept. 18

Japan

**TĦĦADANE”

Sept. 17

"TJIMENTENG" "VAN HEUTSZ"

Sept. 12

Bept. 22

"TIKAMPEK"

"TJIWANGI”

Hept. T

Oct. 1

Oct.

"STRAAT

MAKASSAN*

"TEGELDENG" #TJISADANE”

Oct.

D

Manila, Singapore, Mauritius,

Oct.

14

Japan

OFL.

13

Ларел

Oct.

14

Djakarta, Semarang,

BIDCASSIE

Japanese Stealing The Show

Scattle, Sept. 9.

Americans aro getting "TJIBANTJET" their first glimpse of many. marvels of Eastern art in

the nine-day gigantic For East Trade Fair, which "JIBODAS" opened here on Sept. 6.

Eight nations Nationalist

China, Hongkong, Japan, South

Korea, Thailand, Indonesia, the Philippines and India aro represented in the $500,000 dis- Civic Auditorium, play in the but 90 por cent of the Hoor space is taken by Japanese ex- hibits.

"TIILUWAI“

"RUYS" "TJIWANGI"

"TASMAN" "TĮPANAS" "TIISADANE"

"STRAAT

MALAKKA

The more than 10,000 Hems| "TIILUWAN" displayed in the huge auditonum

are for the public, but the main

theme of the Fair is to expand Japan's export trade with the United Stater.

An Indication of the impor- Lanco Japan attaches to the Trade Fair was evidenced when that nation's Ambassador to the US., Eikich! Araki, travelled to Lake part in the opening cere-

monies last wook-end.

On display are the chinnware figurines and ingenious me- chanical toys which Americans have long connected with

amand Japan, but the less known

facets of Ja- more beautiful panese industry are here too.

main feature in the Oriental theme of the show are Kooshi dolls, traditional play things of Japanese children.

They are placed on counters and arranged along the walls at almost every vantage points.

And in one corner of the big floor stands a booth of the Japan Travel Bureau-an al- most exact duplicate of the booth which stands in the arcade beneath Tokyo's Im- perial Hotel United Press.

SINGAPORE DEAL

Singapore, Sept. 10, A number of Singapore dè-

store owners partment

have been appointed as agents for well-known Japanese manufac- turing lines, according to the newspaper, Fress.

Singapo:c

"STRAAT

MAKASSAR”

"TJILUWAN"

"TJISADANE” "TIMENTENG" "VAN- HEUT:2"

Oct. 10

Noy. 1 Nov.

Nov. 5 Nov. NDF. 9

Nov. 19

Nov. 10

Arabala

9.

Hingapore, Djakarta, Hemprang,

Hurabala & DENGANNAT

Зарад

Bingapore. Djakarta, Hemarang,

Surabals & Dimensiar

Singapore, l'enang a Belawan Dell Japan

Bingapore, Mauritius, 8. Afrien, &

A. America

Mania, Singapore, S. Africa, & B.

America

Singapore,

Tijakarta, Hemarang,

"Burobata & Machine

ARRIVALS

From

8. America, K. Africa, Maurition,

Blogapore di Manila

Semarang,

Aurabala.

Djakarta & Singapore

Sept. 10

Bept. 11

MACHFEAT.

Rept. It Bept. 17 Sept. 17

Терап

Терап

Belawan Dell, Penang, & Singaporo

KING'S BUILDING, Ground Floor. TEL. 28015/18.

CHINESE AGENTË: 82 CONNAUGHT ED, O. TELS. $1100, 35183

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

* M.S. "PETER MAERSK"

M.S. "NICOLINE MAERSK" M.S.

*

"ANNA MAERSK”

Sept. 15

Oct.

2

Oct. 16

Also accepting cargo for Portland, Maine

ARRIVALS FROM U.S.A.

Free

M.S. "OLUF MAERSK". M.S. "LEXA MAERSK"

M.S. "LAURA MAERSK”

AGENTS:

A number of Japanese traders are expected here before Christ- mas to finalise arrangements.

These stores deal mainly in toys, cameras, table decorations, cutlery, kitchen glassware, utensils, garden tools, soaph and perfumes, cigarette holdas ard cases, stationery and other cheap articles.

The first of such stores mny be opened early next year.

A member of the Indian Chamber of Commerce said that the Japanese might also invest in light industries in the urban

74 0 22.20 | Fund Committee Britain pressed Frices of rubber futures areas.-Reuter. 100 or 21.30 for economy in the World closed today as follows;

Arrives Sept. 19 Sails

from Japan.

Sept. 20

for Singapore, Port Swettenham, Madras, Colombo, Bombay, Kara- chi, Kharramshahr Basrah.

&

13

,

UTILITIES

Trart XD

.. 10.10

2500 10,10

Star Ferry.. _ 101

C. Light (0) P.15 9.20

500 a 0.13

Electrle XD 230 22

2000 @ 2.40

་

Elec. 10.30

| collaboration between the two.

December

Coment ....17.10 17.00 1500 m 47.40 100 0 1735 Rope ........ 29.00

Number 2 rubber, October 30-08 Number 3 rubber, October 635-4

7414-4

7434-35

30.40

Number rubber, October 60-81 Spot bber, unbaled Blanket crepe

7372-7036

104-109

-United Press.

Canada

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

EVERETT STEAMSHIP CORPORATION S/A

Qucon's - Building, Telophona · 31206.---- Chinese Department: Tolephono 28293,

C. Light (N) 0.16

Matzo

Telephone LT 17.00

INDUSTRIALS

STORES, ETC.

Daly **** Watson ..... 21.30 27.00

رية

Crawford 26,70

COTTONS

Ewo

7.30

Canadian Reply To

British Suggestion LONDON TIN

On The Crisis

Montreal,

An important leading article has just been published

by the Montreal Star, an unprejudiced Canadian paper without any fixed political leanings.

'It answers a comment by the Manchester Guardian on next November's conference of Commonwealth Prime Ministers.

•

Economist

Provides Surprise

Washington, Sept. 10.

It would help at the con- ference, suggested the Guardian, If Canada would Five up her detach- "posture of Olymplun

MARKET

London, Sept. 10.

Bank and

organiza-Number 1 rubber, per ib. The IMF tions, and suggested closer October

November

BRITISH STATEMENT References to Britain in statement prosented here the Governors of the IMF by Mr Henry Murphy, chief of the Fund's Anance department were taken up by Bolton, alternato

Sir George Governor of

the IMF, last night,

Mr

No. 1 pale crepe

41-89

NEW YORK MARKET

'New York, Sept. 10.

Prices of rubber futures closed

Murphy had asserted that today 35 to 115 points higher

NY Foreign Exchanges

New York, Sept. 10. US$1,04-1/10

England-cmetal

H

"all Westem European nations with sales totalling 101 contracts. New Zealand with the possible exception of Trading was featured

Denmark

the United Kingdom, appeared strength in expiring September Eelgium

by Bouth Africa to have absorbed their intent delivery although

dealers weTo inflations at least as far as pre-reporting a broader commision France

West Germany as a house demand for December de- Hulland war comparisons serve

livery. Some activity guide."

was re- | Italy

The tin market was dull and easter, Turnover was 10 tons, In spite of substantial reduc- ported in spot, consisting of Norway none of which was for cash. tion in liquidity since the end of dealer switching of three or four Fortugal Prices elased at the end of the the war, Britain was still one-serts for November arrivals.

closed today official morning session as third more liquid last year than follows:-

in 1939, Mr Murphy said.

30.30-30.35 001 Sir George Bolton D67 i seven

Spot tin sellers

Spot tin, buyers

Buntess done ot Three-monthın tin, buyers Three-months tin, sellery Businces done al Settlement

237

Prices follows:- September that Gotober

when theconomists, November

for European

when asked by Organisation December 032 W

January (1053) Economic Co Tebruary 134 operation to report on several March Dezmembers of the European PayApril

May ments Union "came to

Con- June clusions in regard to the United July Kingdom very different from Augunk

September those of Me Murphy,"

October November

United Press.

ment," and would join in efforts Pepper Market

for

economic

understanding

"with the friendly constructive

energy we used to admire."

wo

The

New York, Sept. 10.

ruled market pepper The Montreal Star retorts that steady to firm with spot materiat It was most unlikely that Canada sold at around $1.80 a pound. would have anything to do with

On shipment position, the

MAIN OBJECTIVE The convertibility of curren- cles is the primary objective of members of the Fund, M. Plerro Mendes-France, member of the French delegation, said. But it

any scheme for the establishment first half of September wan is impeded by the deterioration of a Commonwealth trading bloc, quoted at around $1.00. Septem- in the flow of International

trade. A Government economist says | discriminating against the rest ber $1.50 and October $1.50 a

of the world.

the golden tide of défence dollars is levelling off for ahead of

pound, all on an ex-dock basis, Nor could much be expected-United Press, schodule and may remove some from efforts

to persuade the United States to take down the

of the supports of business.

Robert C. Turner, 0 new bars against foreign goods.

member of President

Truman's

three-man Council of Eonomic

Advisers, gave the surprise a ...praisal yesterday as he took his

oath of office,

of of

Spot

3.72-7/10 2.54 bid- 2.57 asked

2.7776 2.50%

248

Sept. 22

*Oct,

Oct, 18

For Freight and Further Particulars please apply to:-

JEBSEN

Pedder Building.

F

CO.

Tel. Nos. 86068-9.

Dates and rotation subject to change without nofloo

At liberty to proceed via other porta to`load/discharge cargo.

Use

German Complaint Over Foreign

Of Trademarks

Duesseldorf, Sept. 10.

The Association for German Trade Marks

increased by

says German exports could be 1,000,000,000 Marks yearly if foreign firms were prohibited from using brands which were con-. fiscated during World War II.

Producers of eau de cologne, soap, hair tonics and other products claim they are losing about 50 per cent of their potential sales abroad because foreign firms "sail under a false flag."

uroMcial

30-day futures

90-day future

Australia

2.77

2.784

0100

.1456

22385

1430

.6350

28.03 naminal 27.53 235-2520 25.00 nominal

Spain 35 Switzerland

Egypt I Iraq Turkey

.0204

Sweden

MIDDLE EAST

2.2015

2373

23.66

LATIN AMERICA

000,000 Marks

25.40

223.225

23.20 bid"

Argentina Draxit Bolivia

.725

yearly

Gorman which bear

0550

trademarks.

0103

Trade-marked. German

however,

In have agreed principle to pro-

restore German

25,00 nominal

.0005

24.00

Colombia

10253

*

24.90

Cuba

1.00

during the war,

H

26.00

Bexten

1104

"

24.00

Fen

.0035

H

24.70

Uruguay Venezuela

2000

2000

United Press.

FAR EAST

original product.

India Pakistan Jongkong

2000

During

hostillies, ihe

over by

.1700

6000

2230

LONDON MARKET

Prices

Chilo

Indonesia London, Sept. 10, of rubber

futures Singapore

Japan

closed today as follows; Number 1 rubber, in pence

por it.

October the November the December

October/November January/March April/June

Addressing the meeting Board of Governors Fund, he declared that inter national trade had increased threefold in 35 years before the|

Exchange Rates First World War but had hardly

increased

further any

since

then.

M Mendes-Franco was con- Adent that the United States would be capable of checking excess deflationary or 450 any 3450 inflationary tendencies.

thi

13.01

PLAIN FACT It might be that the call for closer oconomic

understanding unofficial

Business was done in the local

exchanga market was a round-about way of saying moming at the following rates:- that "It's

time

the British got dollar (per #1)

Sterling vote (per 1) Indonesian guilder (per 100) Continuer the Montreal Star: Sam tiesla (per 100)

100)

In a brief speech and later in another loan."

new Government studies which,

an interview, Mr Turner told of "The trouble is, of course, that Fie platters (per 1 he said, show that defence a loan might only postpone

British bankruptcy,

British

"The plain foot is that the

means.

10.11

11.075

-United Prest.

DECLINE IN WALL ST.

New York, Sept. 10.

feos if the

The Association asserts that must pay licence French Arms alone export 340,- trade marks are also being used

worth of goods by French companies:

Most former enemy countries,

ducts ceased to be exported trade-mark rights after a "praco contract" is signed with the West

Earlier, many German Arma German Republic. Associated

had set up foreign branches Prog.

which produced and sold the

branches were taken

foreign interests,

These bought confiscated trade

350 yen to US41 marks from their own govern-

-United PTO,

ments.

The Association says that in

·several cases after the

Lower Trend

In Grains

New York Sugar German arms which, wanted to major commodities in a lower

Futures

New York, Sept. 10. World sugar futures closed today 1 to 2 higher with sales totalling pointe,

their

Chicago, Sept. 10. Chicago grains joined the was..

resume selling

trade- trond stemming mostly from the

of marked goods abroad were forced weakness

vegelbta olis, fo cancel contracta because coupled with reports of favour former branches obtained nourtable weather over the corn and Injunctions against their old soybean producing areas. parent companies,

INTERESTS DAMAGED The Amsociation charges that sold under goods totaling 134 the foreign

German trade marks usually have

Prices closed

Contract No. 8 closed 1 to 2 lawer, with soles contracts,

today Contract No, '4: (world) ·

October Палату

3.01 bid

2.92 Vid

+

3.84 bid

follow-

The New York stock market A plan for an immediate, and great increase in the rate of declined today, fosses ranging Пow of investment of capital from fractions to $3 a sharo to undor-developed countries with most confined to fractions

Falaki, of Egypt,

was made by Mr Mahmold El while some shares grined frac-IT are living beyond their JAPANESE BONDS

aro

spending and production kayo already virtually reached their peak.

Earlier forecasts by Prouident "They

hot producing Truman and his mobilisation enough to pay for what they chiefs, had indicated a steady, must have and for what they continued expansion until mid-

'Olympian de- "It may be

1958.

want.

London, Sept. 10. Japanese bonds

80% BAR (48, -02 1808) .............

48. "B" (48. of `1910) "C" (45. OF 1907), #47) 1311⁄4

14

184

Beater.

tions to a dollar.

July

· Beptember Trade-1,700,000

shares was October the largest since Apri, rest

January The market opened lower and Spot

Copra Quotation hey selling near midday trova November

Now York, Sept. 10, prices), down, but a broad, ro- Marn

May Copra was quoted today at covery, followed, aft $142.50 porchort" ton, naked Some steels, rallways,

petro July:

September 004 Coconut oil was sold at 10. leums and motore declined-As-

Spot -United Press. - - centa a pound.—United Pruin sociated PrCSE,-

This projected expanalon-as tachment to point this, oui, but ;; “D” (Un, of 1934)-**** well as current spending-bad | it lies at the root of the problem, "E" (640 of 1030) been a big stimulus to business.-- and at the heart of next Consols

Associated Press,

November's discussion."

3.40

3.01

4.00

Contract No..

Wheat closed 1 to 1% lower and soybeans were 2 to 3% lower.

Prices closed today as fol lows:-

Wheat-price per bushel

as nothing in common with the Spot

original German product--excep? september

December

May

the mamma.

This practice heavily damages March (1813) German Interests, the Association Vern 3.00 nominal complains, and many pre-war 3.03

Bontember customers who preferred Ger- pot man quality goods have turned Decompe

March 1943) to other sources,

many's largest foreign customers | spok for not returning confscatod | Semember trado

Oats mark to thehöriginal:

Spot 5,07 nominal | German owners.

September ist It points out that exporters trade-marked goods" to France" #1220,-United iTest.

6.32

**United Press,

The Association criticises der-Ma Rya

New York burger 200

2.4315

1097091