1952-09-16 — Page 9

MESSAGERIES

M

MARITIMES

M

Leaving Outward for

Sept. 10

Arriving

LA MARSEILLAISE"..Nept. I "FALAISE"

Sept. 2 Sept, 23

Yokohama & Kobe Japan

Homeward For

-"LA MARSEILLAIBE",¡sept, 20 ́Rept. 20. Marselles via Salgun

N. Africa & Europo N. Africa & Europe

+"GRENOBLE"...Oct.

†"FALAISE"

• For passenger and freight,

5 Uct, 4 RG Oct. 21

t. For freight to Saigon, Alexandria, Genoa, Aiglers, Oran, Tangier, Cazablanca, Havre, Dunkirk, Antwerp & Rotterdam. Accepting cargo:

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

Subject To Change Without Notice.

CIE DES MESSAGERIES Maritimes

P

P.O. Box 58, Hongkong

Queen's Building (gr. floor)...

EVERETT

Tel, 26651 (3 lines).

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.

"LENEVERETT"

Arrives Sails

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

"NOREVERETT"

Arrives Spils

Oct. 2 from Manila,

Singapore, Ort. 3 for

Rangoon & Calculta,

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

Penung

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. "STAR ARCTURUS"

Arrivea

Salls

Singapore.

Port

Sept. 10 froin Japan. Sept. 20 fur

„Swettenhanı, Mudras, Colombo, Bombay, Karachi, Kharramshahr & Busrah.

M.S. “STAR BETELGEUSE"

Arrives

Saila

Oct. な from Japan. Oct. G

for Singapore, Pork Swetten. ham, Madras, Colombo, Hombay, Karachi,, Khar- ramshahr & Busrah.

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

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

Το

Italy Turning

Own Resources For Power Supply

Rome, Sept. 15.

Italy is cutting imports of coal and oil by putting into. full use its volcanic and methane gas resources.

For the first time in the history of the country, im- ports of coal from abroad fell from 12,000,000 tons last year lo barely 6,000,000 tons in 1952. Italy has had to import two-thirds of its fuel needs from abroad for the past 50 years.

The cut in imports is the re- sull of extensive research and use of methane gas and volcanic steam to move powerful tur- bines for Italy's State-owned electric railroad system.

A special plant in the so- called. "Valley of Hell," at Lar- derello near Pisa, restored after

the war with American money,

has how

an output of 1,800,000,000 kilowatt hours year.

also

vide more electricity for Neopo- litan industries,

of

Natural steam at a pressure four atmospheres per square centimetre. is found in large quantities anywhere from 300 to 6,000 feet down, in the Campi Fiegrei Naples, SAFEN experts said.

area Northwest

This is only. the start for nore ambitious projects which spread as far South as tha Stromboll Islands and the Etna Extensive drilling is

volcano in Sicily. Italians think going on in the area Northwest they have in reach the most of Naples to get steam Irom

powerful below sea level for

power stations in the 8,000 feet

Western world. If the Campl more electric power.

Flegrel experiments Larderello plants were

succeed, the Tho blown up

the retreating by

engineers think they will be in Germans in 1944. Italian en-a position to cope with tremen- gineers' patched

so dous volcano-energy which is them up co that they

produced now losing itself in the atmo-

of sphere. *0.000 kilowatt hours

"The volcano

called fumes, power in 1948. Production has

tha "endogenous energies," aro increased to over twice much in

the last two years, practically inexhaustible, Apart through the purchase of power- from the chemical products they ful American drilling machines can yield-sulphur, boracic neld,

and and turbines.

their composites the The Boclote Forze Endogene energy and heat they get out of the earth can be easily turned Napoletane (SAFEN) has now found that there are good pos- into electric power, the experis albilitica in the volcanic area 5ay. Northwest of Naples, powerful geysers of boiling hot water and steam break through the earth's crust and flow into

the sea.

where

THE CHINA MAIL, TUESDAY, SEPTEMBER 16, 1952.

Gold Price Forecast

Perth, Sept. 15.

Mr Paul Smer, Souții African Master of Trans- port, flying hame after a short visit here, said today that his country. fell its lang efforts to have lo world gold' price revised were approaching victory.

Australia arch Canasta supported the idea, "Now that she is no longer re- ceiving Marshal nid, 1343- talu has come down on the side, of revision". he de- clared.

Oghtin

United States 1s alone." But he

felt that a change in the attitude might American

come In the near future, perlips after the American -election-Reuter.

Japanese Warning To Malaya

Quality Of Rubber

Singapore, Sept. 15. Mr Ryuji Tanizawa, Pre- sident of the Japanese Rub- ber, Trade Association, who

GENERAL RISE

IN COST OF LIVING INDEX

Statistics Issued By UN

United Nations, Sept. 14. United Nations statisticians estimate that the cost of living in the United States and Canada rose 12 per cent between June, 1950, when the Korean war broke out, and June, 1951,

The U. N. September Bulletin of Statistics carries a study of about 80 countries for the two- year period.

Average cost of living in- ecenses were reported from 10 lo 15 per cent.

The rate up was sharpest in the first year after the war's out- break and had begun to level, off or tum downward beginning of this year, it was noted.

at the

The increases were general, not limited 10 sharp rises in particular itens, the statisticians reported.

The figures followed very much the lines of those in the August issue of the Bulletin, which reported that prices had one up 10 per cent in the United States since 1948 but increase was still less that the

is in Singapore, said yester-than those in countries such as Britain. Norway and Sweden, day that Japan would turn

with strongly controlled to Indonesia If the quality economies. of Malayan rubber, is improved.

nut

be

10

If this happens, I will sud. I love Malaya very much." ME, Tanizawa said that the Japaness have been asked send to the Singapore Rubber Association full details of their cornplaint,

After discussions

presentatives

ol

Rubber Association,

with

re-

was be

the Singapore

he certain that steps woukl taken locally to improve the

quality. The

S.I.A. was prepared to investigate the complaints,

Mr Tawa xplained that Japanese denters were willing

ta

pay higher prices for better grades of rubber.

JE Malaya and Indonesia offered the se quality of rubber for the stone price, ho would

the definitely

accept Malayan offer.

our

rela-

"Why? Because. tions with Malaya are much

closer than

with those

-In-

donesia,"

Mr

spend will Tanizawa unather fortnight in Singapore.

Reuter,

SINGAPORE. MARKET

Singapore, Sept. 15. Prices of rubber futures closed turday as follows:-

Number 1 rubber, per lb.

October

November

December

751-7

7532-76

Number 2 rubber, October 1994-701; Number Tibber, October (394-000 Number 4 rubber, October 62-63 -Spot, suliber,-unbaled –

Blanket crebr

No. 1 pale eroge

edsT of food in the United States was officially estimated In the new study to have risen 14 per cent between June, 1950, and June, 1951, and moved up an additional 14 per cent in July.

BRITISH INCREASE Canada's general index has been dinclining

last since January and her food index has been declining 'since August,

the Bulletin says.

Twenty European

countries AW were canvassed. Half of them #ve to 15 showed ‘ʼn costs rise

per cent in two years. France's increase was 34 per cent, of in the

which 21 per cent was

first year: Greece was up 23 per

cent; Austria 50 per cent; Fine land 22 per cent; Sweden 28 per

cent cent; The Soar 39 per. Norway 26 per cent;

cent; Iceland 44 per cent; Britain 21 per cent.

Latin

has America sharpest trend upward, especial-

the

HONGKONG

SHARE

MARKET

(From Our Correspondant)

Britain Losing A Market

Warning By

Canada

Ottawa, Sept. 15. Falling imports from the Sterling Area are driving Canada more and more to

ROYAL INTEROCEAN LINES

"TLILUWAR**

"TJIBADANE” "TJIMENTENO" "VAN BRUTSZ"

"TJIKAMPKK"

"WANGI

"TJIÐANTJET".

"STRAAT

MAKASBAR” "TEJELBERG"

the United States in the trade sphere, Canada will **TJISADAÑE" state at the Commonwealth TODAS Prime Ministers' conference | ~gɔILUWAN" next November.

BALLINGA

Sept. 14

Bept. 17

Kept. 19 Repl. 22

Sept, 21 ·

hel 1

Oct. $

pel.

Oct.

Oct: 13 Oct. J4

Oct, 416

Oct. 28

+

Nov. 1

"TJWANO***

Nov..

z

"TJIPANA!" "TJISADANE"

Nor.

3

Nov..

Nov,

J

Nov. 10

Nov. 14 Nay. 10.

¦‚*TÄBMAN"

Canada has already indiented { "RUTS" in a memorandum on the pro- posed conference agenda that the Prime Minister, Mr St.

Laurent,

and the

Canudlen

delegation plan to tell Britain "TIONDOK"

and. other

Commonwealth

representatives that the Sterling Arca is missing repeated trade

opportunities in Canada,

In the Canadian view part

of the unbalance in trude with

the Commonwealth would bo corrected if the United King-

"STRAAT.

MALAKKA

"VAN BEUTAZ”

*TIILUWAM"

·"VAN HEUTSZ"

dom and other member coun- "TJILUWAIT" tries would take advantage of opportunities here for the sale "ISADANE"

Canada is now buying "TJIMENTENG" from non-Sterling countries.

TJIKAMPEK" There are many fields where Commonwealth countries enjoy of from 10 to 20 per cent but where baports from the US, and other non-

Business on the Stock Ex- change this morning tutalled

Noun $200,032.50.

quotations Co the moming's trans- preference and actions:-

IARES BUYERS SELLERS SALES Sterling countries predominate,

BANKS

HK Bank... East Asta 147

INSURANCES

Unlon

SPING

......75215

Asia Nav. XD 1.46

DOCKS, ETC.

K. Whorf ...

03

1423

N. Pt. Wharf 0.65 0.80 1000 ** 0.70.

1000 or 0.33

1000 0,70

Dock S'hai Dock Wheelock

20,30

120 43

3000 un 1,00

44

100 43

00043

LAND, ETC.

015 0.00

IK Hotel IK Land (0) XD

Shai Land, 135.

UTILITIES

Tra XD

2004 10.40

.. 19,20 19.40 250 C. Light (0) 0.15 900 1750

Light IN) 05 Electrle XD 22.30 22.50 1000 Macao Elec. 10.50 Telephone ..17.60

INDUSTRIALS

HUGE DEFICIT

In the last six months tho UK, trade deficit with Canada has reached a total of 234 million dollars (about 205 million). This 20 million dollars ( £7 million) more than the defell for all of 1051.

Canadian exports to Britala have risen by 55 per cent but imports from Britain have

| dropped by 28 per cent.

Exports to other Common wealth countries are up 40 per cent, and imports down by 37 per cent.

Already

the Trade Minister,

Mr C. D. Howe, has told Britain that Canada has been unable on

19.30 many occasions to get deliveries of heavy machinery from Britain, 8.1520 he has ordered the machinery fran the United States instead.- London Express Service.

22.40

1700 17.70

Cement ... 17.40 3735 4000 ₪ 17.40

19.70 Rope.

STORES,

10-10.10 10.39 5000 & 19.20

Watson 27.20 2713 L Crawford

ly in the cities. Buenos Aires hud registered a 73 per cent rise in February, Chile 53 per cent in May, Mexico City 29 per cent; coTTONS Sao Paulo, Brazil, 28 per cent.

Israel's total increase of 69 per cent was by far the sharpest in the Middle East.

For the second quarter of this year Australia's price index was 44 per cent above the corres- ponding quarter of 1950, food costs having risen 88 per cent, the Bulletin says.—Associated Press.

•

-747-731% 10-305

--United Press.

NEW YORK MARKET

New York, Sept. 15.

Prives of rubber futures closed today 25 points higher tes 5 „points lower with sales tofallag

4 contracts.

Betober

Hovinsbur

12 vendic

January (1989)

Fobrany

March

Apri

May

Jute

Judy

AURIT

September October

Nuvember Decentier Spot

26.33 26.25 nominat 26.23

Lower-Trend-

In Grains

Ewo

17

T. 2.30

2000 1.75

Foreign Exchanges

In N.Y.

Canada England metal

France

New York, dop: 15.

US$1.04-0/10 2.78-3/10 2.54 14/ 2,57 asked 2.774

unofficial

Chicago, Sept. 15. Chicago

Joined grains

the Auralia

New Zealand major commodities in a lower South Afric trend stemming partly from the Belgium weakness of vegetable oils plus Denmark

weather West Germany 26.76 nominat reports of favourable

over the corn and soybean bell. Holland Wheat closed unchanged to aly

Norway lawer and soybeans were 1⁄4 to 1

Portugal Spain Sweilen...

25.33

24.95 bfd

24.87 nominal. 2.1.8 Patel

21.03

34.66

STUDY OF

JAP STEEL

INDUSTRY

Tokyo, Sept. 15.

A 16-member United Nations delegation of Asiatic steel ex- |perts arrived here last night to study the integration of Japan's | steel-making potential into the

Far East's regional economy.

n

The group, representing t Economic Commission for Astu and the Far East, were welcomed at the Haneda airport by spokesman for the Foreign Minister, Katsuo Okazaki, and other high Japanese officials. Mr Okazaki promised Japan's Iuliest co-operation.

The party plans to inspect Japan's steel plants in the Tokyo area, Nagoya, Kyoto; Kobe, Yonago, Yowata, Beppu and Osaka before returning to Tokyo on Sept. 22 to draft a report on its Bindings.

30-day futures

Do-day futures

2.7621

2.222

2.771

2.38-0/16

..0109

1456 .00203

.23:35

2433

0010

.1405

.03.30

0305.

1633

*232!? 2311 2.37-7 2.431 2.4316

Switzerland

2311

perts

MIDDLE EAST

Egypt

2.0912

Iron

03125

Iraq

2.703

Turkey

23735

LATIN AMERICA

Argentina

$725

.0300

0103

4004

Wheat-price per busfiel

24.72 printual

24 (EN

jower.

Spot

24.67 "

September

Decertier

24.75

United Press.

March May ..Corn

Spot

LONDON MARKET

London, Sept. 15,-

September December

Prices of rubber futures closed today as follows:-

March

MAS

Rye

Number 1 rubber, in pence

Der 16.

Spat

September

November

221-14 224-1

Oats

Spot

September

Octuber

December October Recenter, January/March Api11/June

-United Press.

NEW PROJECT

IN ALASKA

New York, Sept. 15.

The Aluminium Company of America announces plans for a $400,000,000 aluminium, smelt- ing-project in the Talya Valley district near Skagway, Alaska. Construction

the will begin, Company said, as soon as land can be purchased and Govern-

ment approval obtained.

of

The project will require about four years for completion will have capacity for handling

tons 200,000 aluminium

Tho annually. would provide programme

for about 4,000 employment

and call for construction of A inwn of around 20,000 popula- tion.-Associated Press,

JAPANESE BONDS London, Sept. 15, Some believe destituto Japanese bonds Southern Italy could become the

KAN (45, of 1800)

01 richest area in Europe, if, the

"B" (45. of 1010)

00% powerful volcanio energies could 4 of 1907) be led to give their inexhaus-

SAFEN plans to operate tible power to the benefi of in- network of small power station18|dustrial progress, -- Associated - 30,000 Kwh cath--to pro- | Press,

1.7926 3.734% 1.70-1.7015 1.23% 3.75

Brazil Bolly Chile

1.02. 3.076-14

003

Colombla

Cuba.. Mexico

Paru....

Uruguay

Venezuela

2005

FAR EAST

New York flour-per 200 lb. sack. $12.00.- United Press

Rayon Goods

Production

Washington. Sept. 15. The Census Bureau reported that the production of rayon Rn acetate weaver

goods in the second quarter this year, totalled 408,000,000 linear yards, compared with an output of 608,000,000 linear yards in the similar perica of last year.

A total of 162,000,000 pounds

India vi Pakistan Hangkong Insonla Singapore Japan

3000

360 yen to USI United Press.

TIN

LONDON

MARKET

The group includes steel ex-

and

from Inala, Formosa, Burma, Indonésia, Malaya Pakistan; representatives of the Philippines and South Korea are to Join them later.

A spokesman said the com- mittee's report would be sub- mitted to the United Nations- United Press.

Trade Fair In Philippines

Manila, Sept. 18.. Nationalist China will parti-

cipote officially in the Inter- ritional Faif in Manilla from February 1 to April 30, 1953, the Chinese Embassy informed the Fair Director-General, Arsenio Luz

The Embassy has received an official communication from Tai pel, London, Sept. 16.

art is proceeding with plans

In the Fair. Chinese

The tia market, was steady for participation will be

of yarn was consumed in pro- this morning. Turnover was 85 duction of fabrics by the syn-tons, of which 15 tons were for a joint affair of the Chinese com- thetic did 'allke weavers during cash, Prices closed at the end,munity. In Manila, the focal the second quarter, of which of the official morning ocasion Chinese Chambers of Commerce 132,000,000 pounds were rayon as follows:--

and acetate, 10,000,000 nylon spot tis, buyers' and 20,000,000 cotton.

02 per cent. Starks of flament Business done at

054

and the Talpel Government,-- France-Presse,

Spot tin, sellers

D50

The production

cent nylon fabrics

rayon and acetate

por Business done al of, 100

increased three-months tin, buyers Three-months in Bellers yams held settlement

Juno

034-053

$1.

934

New Pulp Mill

-United Press.

Exchange

Rates.

by synthetle wenvers on

28 totalled 60,000,000 pounds,+- United Press.

Business Failures'

Now York, Sept. 153

V. S., business fallures in

Business was done in the local

exchange -market

New York, Sept. 15. Contracts haya been placed for construction of a 10-millan

dollar newsprint and sulphate

Bowater

pulp mill for the Southern Paper for

Corpotution Calhoun, Tennester..

ot

Το

Bingapore, Djakarta, Semua.

*** korenita & klacăutar

Singapore, Djakatto Palembang- a

"Belawan Bell

*17.1. Parts, Burgapore, R. & N. Africa Singapure, Dijskueta, Semarang.

Bárabaja & MECANIST

Djakarta. Bemertog, Buradaje A

MACRESER

Singapute:

Djakarta, Rematang.

Búraðila á þtacaviar Manila, 2.1. Ports, Delawan hell,

Singapore, E. &. Atien

Singapore Mauritius, H. Adria &

.. America

Japan

Japan *

Macar

Singapore,

Semarang, 'duradala

Djakarta, Semarang, "Surabála & 'Atacamar

Singapore, Penang & Beiswan Dell Japab

Singapore. Djakarta, Bemarang,

Burabain & Macassar

Japan

·Singapore, Mauritius, 5. Akties, &

4. America, Djokatta, Remarang

Sarcbala &

Mania, Singapore, B. Africa, & 8.

Americs

Ringapore, Penang & felawan -Deil

Bjakarin, Невідтани Surabala & Macar

Kingapore,

ARRIVALS

In Port

sept. 10

Sept. 17 Sept. 17

Sept. 25

From

Macks125, Furabala Sematang,

Djakária & Singapore

Тарал

Japan

Belawan Dell, Penang, & Singapore Запал

KING'S BUILDING, Ground Floor, ›

TEL. 28015/18.

CHINESE AGENTS: 62 CONNAUGHT RD. C. TELS. $1196. 235143

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: "

NEW YORK, BOSTON, BALTDIORE, & PHILADELPHIA vis BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS.

* M.S. "PETER MAERSK"

M.S.

M.S.

"NICOLINE MAERSK" "ANNA MAERSK”

*k

In Port Buoy Al

Oct. 2

Oct. 16

Also accepting cargo for Portland, Maine

ARRIVALS FROM U.S.A.

M.S. "OLUF. MAERBK"

M.S. "LEXA MAERSK”

M.S. "LAURA MAERSK"

Sept. 22

Oct.

6

Oct.

18

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos, 30066-9.

Dates and rolation.subject to change without notice.

At liberty to proceed via other ports to load/discharge cargo.

M.V. “LA MARSEILLAISE”

will sail for

Yokohama and

on

Kobe

FRIDAY, SEPTEMBER 19, 1952

AT 7 P.M.

Passengers are requested to board the vessel with their cabin baggage on the 19th Sept. between 3 and 6 p.m. Baggage Room and Hold Baggage will. be registered at Kowloon Godown No. 50. (No. 2 Gate Canton Road Entrance) on the 18th Sept. between 2 and 5 p.m. and on the 19th Sept. from 9 aim, to noon only. No baggage will be registered after this time.

COMPAGNIE DES MESSAGÉRIES MARITIMES

Queen's Building

THE

"POST" TYPHOON

Mounted

MAP

thcorporating emend. ments to the Local and Non-Local Storm Dignal Codes,

"

$5.00.

Unmounted $4.00.

this The Blant is expected to be Obtainable from

the week ended September 4 unoffic

morning at the following satening declined to 110 from 132 in the US dollar (per-31) [04% | preceding week and compared sitting note por R1)

with 146. In the Ilke week its Indonesien guilder (per

Tien tiral (per 103) 60% 1031, Dun and Bradstreet reBingapore Birats), United Press. ported-Associated Press. | F7ď plastreg (per, 300).

138

"D" '(bs. of 1934) "E" (4 of 1050) Consols

155

0.3623 in operation early in. 1004,' and' 1505 will faye a capacity of 125.000 100). 2410 tons of newsprint and. 50,000. - AB30- 340 tons of sulphate, pulp 11.775 cinted Press.

10.10

aCOUTH CHINA MORNING POST HONGKONG and KOWLOON

For

Tel: 26651

PRINTING OF QUALITY

if necessary at

Short Notico

TELEPHONE 2000 2

5. C. M. POST, LTD.

ask for Mr. Labrum