1952-09-22 — Page 9

".

MESSAGERIES M

Arriving

"SAINT MARCOUF“"'

"PEI KO"

*"LA MARSEILLAISE” Sept. 29

"GRENOBLE”

THE CHINA MAIL, MONDAY, SEPTEMBER 22, 1952.

Par

MARITIMES WORLD TEXTILE OUTPUT ROYAL INTEROCEAN LINES

Possibility Of Scheme For Restriction

M

Lavior Outward For

Homeward For

Oct, 20 det. 25

•Nov. 14 Nov, 2

Japan

Japan

†"FALAISE"

Oct.

A .........Oct.

22 Oct.

Sept. 20 Oct.

•

For passenger and freight.

Biaruciiles via Balgon N. Afla & Europe

23 M. Atsign & Kurope

For freight to Salgen, Alexandria, Genos, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Botterdam.

Accepting cargo:

via Marecilles to all Mediterranean & West Africs Forts via Djibouti to Madagascar.

Bubject To Change Without Nolles.

CIE DES MESSAGERIES MARITIMES

P.O. Box 59, Hongkong Queen's Building (gr. floor)

Tel. 26651 (8 lines).

EVERETT ELINES

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

"LENEVERÉTT"

Arrives Sails

Sept. 24 from- Singapore... Sept. 25 for Kobe,

"NOREVERETT"

Arrives Salis

Moji, Yokohama, Shimizu Nagoya.

Oct. 2 from Manila.

Oct, 3 for Singapore,

Osaka, Bi

Penang,

Itangoon & Calculto.

(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, Siam, Malaya, Ceylon, West Coast Indian and Persian Gulf Porta,

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

Arrives Salle

Oct. 5 Oct,

from Japan. 6 for

Singapore,

}

Port Sweltenham, Madras, Colombo, Bombay, Karachi, rumshahr. & Basrah.

M.S. "NORDSTJERNAN"

Arrives Sails

Oct. 21 from Singapore. Oct. 22 for Kobe & Yokohama.

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

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

Firmer

Tendency Noted In

London

Tea Prices

London.

After a long period of weakness, tea prices have risen slightly during the last three weeks.

The improvement has been mainly concentrated on what are known as "good liquoring" "teas, but there has been a small Increase in the poorer grados.

Two factors probably account thorities seem to be erring on for the firmer tone in the the side of caution. marke!; the removal of restric- Average consumption

before the war was about

oz a week for less than the new ration) and it has been estimat

Third Jap Bank Major Problem Facing The

Cotton Industries

For London.

Tokyo, Sept. 21. The Fuit Bank of Tokyo has decided to establish a branch in London. It will open on October 1.

This will bring to three the number of Japanese banks

with

branches-Renter,

London

Shipping Talks Running Into Snags

(FROM OUR OWN CORRESPONDENTİ

London, Sept. 21.

The International conference on cotton textiles now being held in Britain is probably one of the most important gatherings of private indus trialists to be held anywhere since the war.

Its task is to consider how world consumption of cotton goods and international trads. In them can be increased.

Biggest problem facing the world's cotton textile industries today has been summarised as "the curious phenomenon of a declining world trade.”

Government-bonis again at-

Before the first World War 85 But there is a difference of

per cent of all cotton pisco- | opinion within the conference | tracted the most attention but goods produced entered Inter- | over what is a fair tariff and prices fluctuations throughout the national trade. Today the what is not.

week and the lack of buyer in figure is around 15 per cont.

| general did not affect them as And yet during that time

much as might be expected and world consumption of cotton

they closed with lossen of under textiles has increased,

a point in most cases,

The situation confronting tha conference is, therefore, by no means a now one, But since Tokyo, Sept, 21,

last war the declining trend the of regular Reopening

world trade in colton, goods of shipplag services between has given cause for concern in Japan and Nationalist China all exporting countries,

International trade is not likely before the turn textiles before the war amount- in cotton of the year, the Jiji Pressed to 7,000 million yards, By reported today.

last year it had declined 17% per cent to about 5,000 million yards

At the same time there has been a marked change in the pattern of this trade.

Thirteen Japanese companies are pushing negotiations with General Chong Chun, General- issimo Chiang Kai-shick's spe- clat envoy, and representatives

OBVIOUS REASON of the Chinese Nationalist ship- ping lines, including the China The two chief exporters of

Steam Merchants

Navigation cotton goods Britain and Company, and the visiting Na-Japan-accounted for 38 and 58 tionalist Chinese chipping mis per cent, respectively, of world sion.

trade in 1937. Last your their The negotiations have yield-respective shares were 15 and 10 ed little tangible progress,

cent. per

India and the United States, meanwhile, greatly increased their shore of the smaller world

The Nihon Yusen Kalsho, the Osaka Shosen, and the Mitsui Steamship Company are among the companies negotiating.

The China Merchants Steam Navigation Company is reported to be wary of competition from Japanese shipping, and wants 10 limit between Japan and Taiwan to total of

of three sailings par month by three Japanese companies,

The negotiations are the more because the complicated Nationalists are taking a very cautious attitude against the Japanese companies which have planned to send ships to Red

the scheduled service

China, as well as those Japanese companies which are connected with the Japan-China Trade Promotion Council. Franco- Presse.

HONGKONG SHARE

MARKET

trade.

their

One obvious reason for the decline in the volume of world trade" in cotton goods is that more countries are producing cotton textiles, for own domestic consumption and erecting tariff walls against foreign gooda to protect their new and often inefficient cotton Industries.

Chief purpose of the London conference is to consider how the present downward trend of can be reversed, world trade The emphasis is on expansion. But the conference is also con- cerned with preventing suicide competition between the

chlet contestants for world markets.

of restrictive the emerging from conference roomn cannot there

The leader of the Amertean

defended delegation

the torit on cotton goods entering the Slates but attacked those United maintained by the so-called "under-developed" countries to protect thele own high-cost cotton manufacturing industries.

He believed that if there were to be any tariff reductions this is where they should be made

BASIC PROBLEM

Basic problem of the world's toxtile exporting in- cotton dustries, however, is still how to Induce people to buy more of their goods.

11M-

corded a

Most British funds got off to a good start on Monday and re- of about one-eighth but started general improvergent to drift en Tuesday in the ab- sence of frosh support · and moved steadily lower to close the week with falls ranging around of a point.

Olà Console Anished % down at 59%. Industriala also lost ground helped by a number of adverse preliminary and other statements on Thursday and Friday and the prospect of more new issues to come.

Motors were the only branch to remain reasonably firm and Fords were unchanged at 50 shillings.

Foreign bonds were quiet most

Textile prices aro still too high, largely becauso of the present high cost of raw cotton,

The conference will doubtedly have something to say about this in their final te port.

But even if textile prices wore reduced to the lowest pos- sible level compatible with of the weeks as the reaction sol manufacturing costs, millions of in after inst week's activity people all over the world would which was based on sumours sill be unable to buy all the that a statement on the Jap

Japanese cotton goods they need.

debt was about to be published. Something must be tone on a Towards the end of the weak much higher level than the pre-they woke up a little and there to increase was a considerable fluctuation sent conference spending power in the back-on

Friday which

The probably only then, will these pearance. Japanese 1889 issues ward countries Then, and week-end prices a mixed ap- huge potential markets be were firmer

closed the thrown open to the world's cot-woek with gains of 14 at 82. ton textile manufacturing coun- -United Press.

tries.

STOCK EXCHANGE The stock markets' this past week were much quieter than of late and losses occurred in both gilt-edged securities and in- dustrial equities.

The latter had their Worst Wack

since the recovery which began

towards the end of June, largely because of the continued uncertainty as to the outcome of the wage dispute in tho engineering industry.

for be ruled out.

TWO SCHEMES Restrictions

Gilt-edged lost all the previous could take various forms but only two week's gains. One reason was the schemes are likely to be dis-realisation that now issues are cussed.

on their way.

One ia markets

Even the announcement of a for sharing world among the principal comparatively small issue of loan cotton textile exporting coun-stock by the East African High

Commission WAR tries; the other for the limita-

sufficient to country tion of production in each inject an atmosphere of caution

to what it is thought world markets will be able to

absorb,

Into the market.

(From Our Correspondent)

But in any case the market was Business done on the Stock

considered ready for the rest Exchange this morning amount-

after its three-months climb, ed to $144,780. Noon quotations

The trouble with both these

in commodities, rubber, tea and the

transac-schemes is that they would do and morning's

all shares were neglected tions:

nothing to encourage an ex- and prices fell pansion of world consumption

Anglo-Iranian

shores. were

·SUABES DUYERS SELLERS SALES of cotton goods which is the adversely affected by the latest

flest concern of the industries | news from

INSURANCES

Union ...

DANKS

IK Bank... 1405 1415 East Asia...

142

730

#2

4,80

21

DOCKS, ETC. K. Wharf

N. P. Wharf Dock

501410 taking part in the conference. remained dull.

Provident XR 12.20 12.40 300 12.20

Shat Dock. 183 Wheelock... 42}{

LAND, ETC.

0.00

HK Hotel HK Land (0)

XD

10 00 Shai Land. 1

UTILITIES

Trum

Stor Ferry

19.10 19.40

102

200 m 43

C. Light (0) DIC 020 1000 # 9.15

Electric XD

Macao Elec.

Telephone

22 23:20 – 600 ú 23.10.

10%

Even if they wore practicable -which is doubtful--the Ameri can industry, which accounts for an important part of textile production entering world trade, would have nothing to do with

them.

Nor would the Japanese enter freely into any Buch schemes, Their position has been made quite clear.

JAPAN'S NEED With nearly half her territory gone as a result of the war, and her Industrica.. disorganised, Japan must food a population 12 militon larger than before the war,

Her need is for industrial ez- pansion. And cation manufao- "17:30 2100 @ 17.70 turing is an important segment of the Japanese antional egoho-

of toa

2.0

INDUSTRIALS'

Cement STORES, ETC.

Daus Watson COTTONS

Ewo

2716

#

19

27.10

2.45

tions on the re-export of tes from this country at the end of July, and anticipation of an in- Crease in British demand once ed that average unrationed de rationing is ended.

.

mand now would still be he tween 2.75 and 3 oz a weeks.

of Estimates this sort, of always apt to go

As a result of the freeing of the entrepot trade, British re-. exports may double their pre-course, are sent rate of 13 million iba awry. year, but they are unlikely to

While ten has been rationed

regain the prawar level of some housewives may have tended 10 30 million Ib.

buy the more expensive blends in order to make it go further;

Some of the expected increnso,

of course, is likely to be at the 50, once they can buy un-

expense of direct exports from the growing areas particularly those in the Far East to the importing countries,

miled

quantiles they may choose to pay less for their tea, but to buy more of it.

11 is probably this reasoning that has led to the recent slight | But the restoration to London rise in the price of poorer gratia of its full status.as on inter- national market may also friar on the London market.

Today, with production still wall below the pro-war level cotton manufactures. account for no less than enouarter of Japan's total experie

But British

and Western European exporters would re-

Rubber Futures card any extorsion of Japan's

•

In S'pore

Bingapore, Sept. 21. Prices of rubber futures closed today as follows Number 1 rubber, per ib.

October

7812-70 *November

7076-781% 2015-2013 December Number 2 rubber, October. 70-7011 umber upher. Delaber da-001 Number 4 rüber, October 623- Spot rubber, unbaled

75-7811 Blanket crepe .......... No. I pale prope

103-107

markets.

Persia, Kafirs

UNCERTAIN TREND

tain trend.

and

gaya

PLANNING AS THE SOLUTION?

"VAN BRUTERAAM

"TJIÐANTJET"

*STRAAT LDIAKAFBAD"

İTEGELBERG”

#TUBADANES

"TIMODAB“

PEJILLIWAKI "VAN, MEUTAK”

"STRAAT

MALAKKA".. SMARTBÜRCKER"

TASMANY #TJIWANGI"

**UTS" STJIPANAS” *TJISADANE”

*TSIPONDOK"

"STRAAT

MALAKKA

“VAN HEUTSZ" "THLUWAR*

*TEGELBERG" "TJIWANO1"

"TEGELBERG"

"VAN BEUTA2” "TJIWANGI"

WTHBANTJET" *EJILUWAEIN

TEGELBERG”

*STRAAT

MAKASSAR"

Oct.

*

Det. DR. IR Oct.

**

Oct.

Oct.

OF 81.

杂

Det, #

NOV

* *.**** *** *

Buzabila di Macassar

Argolia, P.X. Ports, Delawan Dail,

Singapore, F. & 8. Atten

kingapore, Mauritiui, #1 Aleles ↑ #

1100 Amostra ··

Plikazio, Kravarnby, Barabala. Bidezperako Djakarta." Вродени

Ispan

JAPAN

Bingprishuria

Bingapore, Penang & Belawan Dali Singapore,

Djakarta,

Kuradila: » Decana.

Japan

Зарад

Semarang,

Singapore, Mauritius, B. Africa, à

4. Amaries DJIKATER,

SAMATINS

Macassar.

Barabain

Maplin, Bingapore, 8, Africa, & 4,

America

BIAFARQE9, Penang & Belawan Doll Buigapore,

Blakaste,

'Gurskala, 4 Michaiat

Bomarang,

Rigspory, Bjakarta. Barang.

"WGrabbin & 'Macassar

Nay.

Hav,

Nev.

Nov. 10

Nov. 19

Nov. 14 Nov. 16

Nov. 21 Dec.

Jago

Dec. •

ARRIVALS

In Port

Nept. 25

Surabala,

"Duxite d'singapore

Oct.

*

Герад

Del.

Djakarta, Semarang, Surabala

MACAVEAT

A

Och

Oct.

7

Migolia,

Singapore,

Mauritius,

"Afilen"&" 8, America

From

8,

Bielawen Pell, Poring, & SlogKDOTE Macawar

5. America, B., Africa, Mauritius, Singapore, Djokerts à Mailla

Гарид

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS; 82. CONNAUGHT RD, C. TELS, 11190, ABERA

MAERSK

LINE

FAFT FORTNIGHTLY_SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & FILADELPHIA VIS";

SAN FRANCISCO, 1.09 ANGELES AND PANAMA.

NEXT SAILINGS

ARRIVALS FROM U.S.A.

LEXA MAERSK”

M.S.

"NICOLINE MAERSK"

M.S.

"ANNA MAERSK”

M.S. "LEXA MAERSK"

MS. "OLUF MAERSK”

M.S.

M.B. "LAURA MAERSK”

AGENTS:

Oct. 2 Oct. 16 Nov. 2

Sept. 23

Oct. G

Oct. 18.

For Freight and Further Particulars please apply to:

JEBSEN

"**" | Pedder Building.

San Francisco, Sept. 31. The question of textile ports. Japanese and British, bears Indirectly on the welfare of the whole free world, the San Francisco Chronicle said today.

In a leading article on the In- ternational Cotton Texule Con- torence in Buxton (England), the paper said: "Japan and Bri fain are engaged in an economie

CO.

Tel. Nos. 30066-0,

Dates and rotation subject to change withgot moties,

• At liberty to proceed via other porta to jond/discharge cargo,

war for survival. Both must PENINSULAR

export and bath depend largely upon exported texilios for livelihood

4

"The ordinary resentments of such, competition are presently aggravated by the slow state of the world textile market.

"We are not suggesting that this is the answer, but a re- commendation

might propose that Britain de-emphasise the manufacture of textiles in which she cannot economically compete with Japan; that Japan

***

London, Sept. 21. The stock market presented a gloomy appearance at the of the weeks with lessons in mode-emphasise manufacture of and iron in which sho sections and a generally uncer-

cannot economically compete with Britain,

"Not only the people of Lancashiro and Osakā, but the people everywhere in the frea world would breathe easier if the process (of de-emphasis) come from Intelligent planning and an intelligent desire for co-operation."--Reuter.

FURNACES

BEING

EXPANDED

Blast

Cleveland, Ohlo, Sept. 21.

furnaces and cake- malding facilities are being ex- panded to now sizes, Steel Magazine said today.

To Increase Production

The weekly magazine predict Of Benzene supply, pig iron

cd

Fof

and

of military

Was

goods, int recently

benzone obtained chiefly from the steel industry as a by-product of converting coal into coke. Out- put from that source was limit- od to around 150,000,000 gallons

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 26th September at 12.00 noon for the UNITED KINGDOM 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, CAN- TON ROAD ENTRANCE By noon on THURSDAY the 25th September, 1952.

SPECIAL NOTE: With the excoption of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship'a slings only..

Will take place FRIDAY, the 26th- September, 1952, between 9.80 a.m. and 11.00 am...

EMBARKATION:

BUSINESS REGULATION ORDINANCE 1952

that furnaces which will to plants and foundries will have an increase

New York, Sept. 21.. cotton manufacturing produc in capacity from January 1 The U.S. oil industry is get- tion with profound. suspicion. 1952, to January 1, 1933, of ting set to produce large amounts Their concern: is chiefly with

да benzene,

Industrial Japanese competillon, the British 6,800,000 million tons,

The capacity on a later date chemical vital to the manufac- industry being particularly une will be 70,000,000 tons, with lure

turo of hundreds of xlous to stave off the Japanese Inter expansions raising it to threat to their Commonwealth. 62,700,000 tona.

First-quarter shipments would At all coals they want to pre probably be greater than any

three-month vent a repetition of the ruinous.

inous previous

period, iters for different: pre-war battle for markets.

Demand MANY OBJECTIONS

still varies. With several items The Japanese, however, have still on the "Light" "List, they their own ideas for solving the include hot-rolled and cold- year. world

cotton textile problem, gnised carbon bars, heavy and

planning оп building plants Coples of the prescribed They want the conference to light plates. exert its influence

Some plate users have died amount of borzine, acording, te Forms 1 (a) 1 (b)

ol and 11c) governments to break down the close down for lack of material. Dr M. E, Spaght, president of barriers which pro at present West Coast brokers are do the Shell Development company. üvering Japanese galvanised Shell recently developed a new butors has found it necessary to

When it turns Ha attention to steel at $35 ton more than proces for extracting benzine The end of lea rationing in out its prices recently, and an Business was done in the local this aspect of the problem, domestic steel. Reports in the from petroleum. An industrial Britain was brought n stage much tool people to drink unit at

this however, the conference will industry are that "Japanese' in workhorse, benzone is used in ncaror by the increase in the conducted to

morning, at the following relasiem moet objections from many corests may contract: con for making hundreds of items from V.B. dollar (per 1) sant as part of it, posters weekly ration of ten from 2% the" slogan ""Tes. Cheree Blerling nolu (per #1) ang 18.03 | quartors. It could and probe 1,000,000 tons of iron ore from plastles and medicines to deter

Indonesian gulidara :(par, 100): 3420ably will-opil för an all-rosind Vancouver, British Columbia, to gents and dyes. It is a vital "Blam ficata (per 100)

342 lowering of tarifs on cotton Japan - for processing United component of synthetic rubber. Bingapore (fstraila)

Prosz.

FAssociated Press,, 1274 goods,

crease the total world trade in But the ten trade clearly feels ten: London can offer a wider that, it will be difficult to gof. range of blends and growths the consumption of ten back to than any other market, and the tho prewar level-even when ten it sells has time to mature rationing is ended.

on its journey from the East,

G

United Press.

Indeed, one of the big dist Exchange Rates obstructing world trade.

ou to 3 oz.

in choosing to Increase the of this month" tire display- ration again rather than remove ed In cestrictions altogether, the au-Economist.

many shops. — The

FIĊ planiras. (per" 200) “k

OBITS

30.10.

the

Now the petroleum Industry is

which will turn out an equat

Now On Sale at ́ ́S. C. M. Post, LE Hongkong and Kowloon

TEN CENTS EACH

THE

"POST" TYPHOON

MAP

Inverporating ~amande:

(and, Non-Lane): #tarni

Sign# CodenILIT

{Mounted $5.00

Unmounted $4.00, Obtainable from us

SOUTH CHINA MORNING POST HONGKONG and "KOWLOON: