1952-09-25 — Page 9

Page

THE CHINA MAIL, THURSDAY, SEPTEMBER 25, · 1952.

ROYAL INTEROCEAN LINES Cotton Trade War Possible MESSAGERIES

* "MAETSUYCKER" Oct.

BAILINGS

21

То

Singapore. Djakatta; · Samatang;

Buradala & Macanar

akiikpapan,“ – Surabals, Nemarang,

Djakarta, Batawan Deli, Binga pore, E. &. Africa

.

fenila, P.. Porta, Djakarta, Binga- .pore, Biauritius, 3. Africa &

H. Americ

Djakarta, Rematang.

Macassar

Surable a

Aingapore,, Djakarta. Samarady.

Surabala & Macassar

Aingapore, Djukarta & Belawed Dell Singapore jakarta Bingapore,

Djakarta. Surabala "Mocamer

SOMATANE.

"TIRWANGI

*TJIBANTJET"

Oth

Oct. T

#

"STRAAT

MAKABBAN”

Uct,

»

**TEGELBERG" "TIHADANE"

Ucl. 10

Japan

Oct. 12

Japan

*TJIBODASH

Oct. 12

"TJILUWAU"

Oct. 18

*VAN HEUTIZ".

*TRAAT..

MALAKKA”

Oct.

Oct. 21

20

Japro

JAPAN

"TASMAN"

Oct 22

.*"TJIWANGI"

Nov.

*BUYS"

Nor.

3

TJIPANAB

Nov.

Japan Japan

"THJADANE"

Nov,

"TJIPONDOX"

Not... 2

"TIILUWAI{"

Nov. 10

Nov. 14

"TEGELDENG"

"VAN HEUTEZ”

"TJIKAMPER"

Nov. .Nov.

Nov. 21 22

21

Japaik

MACHENAY

TJIWANGI"

Wee.

Barabala & Macassar

"TEOELBERG"

Dec,

9

Manila, Singapore,

Mauritius, 8.

Africa & S. America

"TJIDODAS"

Dec,

14

Djakarta,

Бетагаль

Buratula

&

MERCENARY

«TJILUWAII"

Dec.

16

"DOISSEVAIN"

Dec. 30

"TJIWANOI"

2 Jan.

"STRAAT

MALAKKA

Bingapore, Stanziilor, É. Africa, a

America

Djakarta, Semarang Butshala

MRCASAT

Manila, Bingapore, B. Africa, & 6.

America

Bingapore, Djakarta, Semarang,

Kurabala & Macassar

Singapore, Djakarta & Betawan Dell Djakarta

Remarang. Burabala

A

Singapore, Djakarta. Semarang.

Kingapore, Djakarta, Hebrang.

Surabala & DECANSAr

Japan

singapore, Djakarta, Semarang.

Burabala & Hincassar

ARRIVAL B

5

From

Aurabela, Semarang.

jakarta & Singapore

"JIWANGI"

Bapt. 28

Alachisar,

"TJIBANTJET“

Oct

5

Зарад

*THLUWAN"

UIL

DJAMATTA,

TEGELDERO”

Oct.

7

"RTHAAT

MAKASSAN"

Uct, 7

Hemarang.

Burabala

A

- MERCANAST . America, 8. Africa, Mauritius,

Singapore, Djakarta & Manila

Japan

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS; 82 CONNAUGHT RD. C. TELS. 31106, 25133

EVERETT

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,

"NOREVERETT"

Arrives Sails

Sept. 30 from Manila.

Oct. 1 for Singapore, Penang,

Rangoon & Calcutta

"BRADEVERETT"

Arrives Salls

Oct. from Singapore.

Oct. 9 for Kobe & Yokohama.

(Accepting cargo 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"

Arrives

Sails

Oct. 5 from Japan.

Oct, 0 for

Singapore, Port Swettenham, Madras, Colombo, Bombay, Karachi, ramshahr, & Basrah.

M.S. "NORDSTJERNAN”

Arrives Sails

Oct. 21 from Singapore.

Oct. 22 for Kobe & Yokohama,

(Accepting carro for transhipment Kobe/l'usan and Kobe/Okinawa)

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

Quiet Day In Stock Gains

NY Cotton

New York, Sept. 24.

- Cotton trading proved qulet

Pared

New York, Sept. 24. | Proit-taking pared large curly

and uneventful. Traders held to gains in the stock market te the sidelines awaiting new infractions at the close. ventives or watching the action

whenever

The volume totalled 1,360,000

of the outside markets. Hedge shares of 1.030 issues unded. offerings increased

VC 540 advanced, 285 declined and December delivery neared the 307 were unchanged. 30.23 level. Bullishly in-

cents clined traders tried to make capital out of crop deterioration reports from Texas. Evening up in October delivery provided trading feature.

The market opened 6 higher to 3 points lower. Thereafter it sea-sawed over a range of $1 a 10 5. higher, to balo, to close

points lower. Open contracts in

October delivery at the start of trading totalled 211,000 bales.

Carriers had gains ranging to 2 points. A few high-priced oils moved out of a farrow price range for gains of a point. Steels were quiet and mostly higher

Dow Jones averages at the end of the session stood as follows:

30. industrinis 20 Tails 15. utilities 40 bonda

272.26

102.10

80,14 03.25

United Preto, **

Taiwan-Germany Outcome

Barter Plan

}

Talpei, Sept. 24

will Talwan

oxpors 20,000 tens of kuway to Wen Germany in exchange for chemical fertilisers Hand machinery text Sprium as part of a US$23,000,000 barter trade agreement

nowa being begotiated, UG Tầng Cht-cheng, General Manager of the Talwan Bugar Company, Bald yesterday,

д

The Nationalists-prere reported to have appointed last week their Minister to France, Mr Tuan Mou-lan, Nationalist negotiator in the barter negotiations.

According to reports, Nailonalist China, is con- templating the export of 100,000 Lons of BERT annually to West Germany In exchange for hardware, *fertilisers, machinery and

dyes-Reuter,

CEYLON

RESTRICTS

IMPORTS

Of

Buxton

Textiles Conference

Buxton, Sept. 24, wszy

M

J.

Page

MARITIMES M

Arriving Laving cutwad Cor "BAINT MARCOUF" ....Oct., 20, Oct., is... – Japan, "PEI-H10"

Japan

Homeward For

..Nov. 14

Nov. 蔬菜

**LA MARSEILLAISE" ..sept. 19›

...Oct.

$

†"FALAISE" *For passenger and freight.

20

Sept. 30 Marseilles via uplo Oct.

N.trica & Europe Oct. 28 N. Africa & Europe

+

دازه

↑ For freight to "Salgon, Algiers, Orany-Tangier, Casablanco,

Heyra, «Dunkirk, Antwerp- & Rotterdam, Accepting cargo:

A cotton trade war appeared today to be a more likely outcome of GRENOBLE the International Cotton Conference than a peace plan it was called to promote.

The Conference has not yet resumed full session after six days of exchanging facts and figures from which delegates of 11 exporting coun- tries had hoped to map out the future of world trade on a live-and-let-live basis.

The Steering Committee, comprising leaders of all participating | delega. tions, is meeting today to draw up the final report, which will be presented to the full session of the conference, which may be called on Thursday.

+

Visits In

mills

and other cotton centres in Manchester have been arranged for all dele- gations,"

The only hard fact that has filtered through the screen of

shrouding the caft- ference is that the British dole-

has turned down' de the Japanese idea lowering tarlit barrices in the Commonwealth markets,

af

Nothing official has been an nounced on this, but every ob- server is predicting that a trade war between. Lancashire and Japan for world cotton markets appears to be more likely than

peace.

was no

A spokesman for the British delegation told reporters that the conferenco Colombo, Sept. 24.

has made good Ceylon

decided to progress, but he did not say how hus restrict imports from European Britain would beneilt materially He said from the conference. countries, according to usually

the British delegation

put the radable sources here.

ease us strongly as they British The cuts would be in addition uld, and that there to the measures announced by intention of giving away by the Prime Minister, Mr Sena- nayake, last week-end to meetthing Britain possessed. United

crisis and Ceylon's financial food shortage,

These included increased trxation and a surcharge un some Juxury Imports.

Imports from Austria, Bel- gium, Denmark. Italy, France, Switzerland and Turkey would be brought under licence under

new cuts. Imports from Germany would also be severely curbed,

the

Goods affected include tex- ties,

wollens,

clocks, cars and various lagors.

The measure will come into effect almost immediately.

British Commonwealth coun- are excluded, from the

Reuter.

trics

cuts.

LONDON TIN

MARKET

London, Sept. 24. The in market was steady. Turnover was 30 tons, all for. Prices closed at the end of the official session

forward.

as

follows:

Spot tin, buyers

957

Spot Un. Kellers

Business done at

Three-month fin, buyers

9483

Three-months tin, sellers

MP

Business done at

HO

Seltientent

145

United Press.

Pres.

STILL SUSPICIOUS

Buxton, Sept. 24. Lancashire's suspicious that the Japanese want to increase trade

Commonwealth with markets have In no way been diminished by talks ternational cotton ference, observers ference said today.

•

the im- Europe have stressed portance of increasing world copsumption of cotton goods as the most promising way out of the industry's difficulties.

STUDYING REPORTS

Today, the conference's steer ing commitice is studying the, reports by the two sub- committees. The first com-

mittco: has been examining each delegation's estimates of the likely future trade in cotton goods and the share in that

trade each ex- peets to achieve.

volume" of world

The other has been examin- ing ways of increasing world consumption and world trade in cotton goods.

The steering committee will these reports before a full place meeting of the conference to morrow, which should be the inst day of the sessions which started here last Friday,

The Indian delegation is to- day giving a luncheon to tho Celegates at Manchester. After- wards some delegates will visit

British the

cotton Industry research centre, Institute, and an exhibition of British fabrics at the design and style centre in Manchester. Other delegates are visiting mitis around Manchester,

at the In-Reuter. textile con- at tho con-

That Britain is fully alive to this is shown by repeated state- ments by Lancashiro's own re

at the conference presentatives that Britain is giving nothing increase in away and that an Britain's own exports 19 .ub- solutely essential.

One cause of these suspicions is Japan's plea for a lowering or removal of tariff barriers. Lancashire mill owners know that Japan is not an Importer of cotion yarn or cloth. They therefore consider that lower tariffs can only mean increased exports by Japan-mainly at

Britain's expense.

In the first six months of this year, Japan sold more cotton Common- piccegoods in the wealth that Britain, despite the fact that imports of Japanese, cloth are banned. or restricted in many of these markets,

The leaders of the delegations from Britain, Japan, the United States, India and Western

Pessimism

Over

U.S. Economy Now Clearing -

New York, Sept. 24.

New 1952 production records are proving a commonplace; there are forecasts of increased defence spending and civilian output continues. encouraging.

Pessimism is giving way to optimism in several quarters. The machine-tool industry, the backbone of production, now looks as though it may set an all-time record this year.

More motor cars are being made than at any time in the past 15 months.

But amid all the pleasing and encouraging reports are some sour notes,

the Shirely

HONGKONG

SHARE

MARKET

(From Our Correspondent)

23

Rangoon Talks Held Up

OIL INDUSTRY DEVELOPMENT

Rangoon, Sept. 24. Negotiations between the Burma Government and three British all companies for further development of the country's oil industry are held up over a constitu- tional issue, authoritative sources said today.

4

via Marseilles to all Mediterranean & West Afrlen Ports,

vin Djibouti to Madagascar,

Subject To Change Without Noller.

اہم

A

· CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (gr. floor)

Tel. 26661 (3 lines).

7.

MAERSK LINE

-- FAST FORTNIGHTLY \SERVICE TOŊTA..

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

NEXT SAILINGS

M.S. "NICOLINE MAERŠK”

M.S. "ANNA MAERSK❞

NGN

Oct.

M.S. "LEXA MAERSK"

Oct. 16 Νον.

ARRIVALS FROM

U.S.A.

M.S.

"LEXA MAERSK"

M.S.

"LAURA MAERSK"

M.S.

Oct. Oct. 18 Nov.

1383

The Burmese Government one-third was to have had a

with share in a joint venture the Burma Öll Company Limit- ex, the Indo-Burma Petroleum For Freight and Further Particulars please apply to:-

and

the British

Company Burma Petroleum Company.

Now the country's left-wing Press is attacking the venture on the

that it cuts grounds across the Constitution which stipulater that Burmese citizens hold "at least 60 per cent of capital"

In any company association exploiting the coun- -Ary's natural, resources,

or

"LEISE MAERSK”

AGENTS:

JERSEN & CO.

Pedder Building.

Tel. Nos. 36066-9.

Dates and rotation subject to chango without,nolice. -At-uberty to proceed via other, portando load/discharge›čarKOLIKO

Section 210 of the Burmese Constitution.says that ́ ́ "all timber and minorals, lands, forests, waler Asherles, coal, 7 petroleum and other mineral PENINSULAR oils, all sources of potential energy and other natural re- sources shall be exploited by the Union; provided that subject and the morning's transactions to auch specile exceptions as may be authorised by an Act SHARES BUYERS BELLERS BALES of Parliament in the interest of

the Union,

the Union

grant exploitation, right

of

Business done on the Stock Exchange this morning totalled quotations $244,692.50.

BANKS

Noon

Hi Dank 1400 East Asia... 140 INSURANCES

Unlan SHIPPING"

130

Asla Nav... 1.45 DOCKS, ETC.

K. Wharf

N. P. Whart

Duck

Provident

Shai Dock Wheelock .. LAND, ETC.

ant

0755 dévelopment or utilisation of

02

33

| 300° ̈20.00

1000 @ 20.80

60 70 2250 49 03

LIC Hote: 0.40 01% 500 (3 6,43 ZUK Land

JLC Land

S'hai Land.

UTILITIES

כא 10

401XD

1/2

same to citizens of the Union or to companies or associations at least 60 per cent of which is Owned by such citizens."

Official circles said last night that the Burmia- Government will refer to the Supreme Court | fox a decision on thọ question whether the joint venture agreed betwees the Government and the oil companies · had in- fringed the constitutional pro-

Tram 19.20-10.30 100 1930 vision, P. Tram (0) 30

Star Ferry 10

C. Light (0) 9.13 2.20 1000 a 0.20 C. Light (N) d.20 6.50 1000

Electric

Telephone

INDUSTRIALS

22.10 22.30 1000

-Cement .....27.20

210 500 24.20

Macio Exec. 10.00

1000

1000

20

Rope

STORES, ETC.

Dairy Walion ...

Crawford

COTTON Ewo

10.10 10.20 2000 ‹Þ ÍÐAS

20.00 500

Thelaftist Press recently opened a campaign against the Government, alleging that the Joint venture was a violation of the constitution-Reuter.

The Rubber

Markets

20

2.43

700 ✪ 2.50

Prices

Singapore, Sept. 24. Grain Futures closed today as follows:-

Higher

03

of rubber futures

Number 1 rubber, per lb.

October

November

December

7514-7 2015-16

0311-70

0311-00

Number peber.

October

Number 3 rubber,

October

Number 4 rubber,

October Spot rubber, unbated

Blanket crepe

No pale crepa

Chicago, Sept. 24. Chicago grain futures closed mostly higher. Commercial buy- ing and short covering lifted soybeans, after a phaky start. selling season. On the goods Wheat closed off 1 to 4 higher

estimate and soybeans Were

00:16: market, some dealers

fol- that up to 10,000,000 yards of higher. Prices closed cotton print cloth were sold on

lows:

Wheat-price per bushel two days alone.

Spot..... While civilian business

December showing improvement, it is still defence business that has pushed March (1053) the economy to the high places. May

· IMPOSING FIGURES The Secretary The mid-August cost of living

of Commerce, figure of the Bureau of Labour. Charles Sawyer, said that while Statistics is a new high for the he does not exproduction in Exchange Rates AD

in national third straight. manth.

Some businessmen and that In- flation is trimming profits, It takes price reductions and easy credit to make the shopper buy in retall stores.

And living costs have hit a new record high.

1

production the

The Index rise to 191.1 per next year, he thinks. the need of cent of the 1935-30 averago la most economic controls will be 12.3 per cent above the pro- | over by the end of 1953-barring Korean period and three per cent now international upsets. Meanwhile, most. of above a year ago, bu

of the key industrial and financial figures

Prices closed today as follow JAPANESE BONDS the preceding month.

Spot

October

Dermber

March (1083)

Mey

Judy

Golober

December

Starch (2954).

19.00 nominal

50.00 30.03-30.00

38.09-39.00

"

02-621

90-103

-United, Prem.

NEW YORK MARKET

New York, Sept. 24, Prices of rubber, futures closed today as follows— October.

26,70 nominat

2.30 2.35%-2.35 2.414-4 2.4274-% United Press.

November

December

20:45-26.50

January (1053). Tebruary Marsh

50.07

25.00

25.00 hominki.

24.85 nominat

25.70 Nominat

Meyi June Business was done in the focal | Zuly

екопалке marketKha August unomcial morning at the following rates:mens September U.S. dollar (ver $1)

Ocisber Sterling note (por £1) sind 103 November

*1003

20.00 Indoneran uilder (per

December 34.00 Stats Bicals (per 100) Singapore. (stralia))) FIC plastres (per 100),

24.30.

24.70:

24.10

31.70

8.3320

24,70

24.70

24.70

10.15 Spot

11.05

Vi

LONDON MARKET

{

27.50 United Press.

The rubber market was very qulat. Prices closed as fol-

BUYING MORE .... The Government sal alight steel production is back up to increases In the cost of food and most other major consumer Items 101.8 per cent of rated capacity. were responsible for

the rise

It over

100.6 previously.

Japanese Mission - carloading renthed Also of consumer interest is 881,318, the highest since Oct 20,

Tokyo, Sept. 24. the retail situation. Thun and let year. They compared with Japanese oils hand we rats Bradstreet, the business reports 740,044 the previous week and merchants have decided to send

850,812 a year ago, APREN

mission to Indonesia to Number 1 rubber. In pence ing service, said shoppers in the zotan atores generally are buying Car production totalled. 142,494 hogotiate an incronze (pět!that] November. slightly more than a year ago... units, the bust in 15 months. The import of copra, according to DosTaber

Wholesale markets generally figure was 340,040 a week ago, the Jui Press, The mission will January/March are doing better business as and 57 14

403,851 year gobo composed of 15 members/June

July/Septem France-Presse,

London, Sept. 24. Japanese

bonds "A" (45. ör1800) 31

(48. of 1919) 67% "C". of 1807) 129% "D? (53, of 1934), 94 ::. "E" (528, of 1939) 1541⁄41⁄2

38.30-30.39 34.00 bominal 33.78 30.07 nominal Controls United Pres

United Press,

| buyers prepare for the new Associated Press.

Tow

& ORIENTAL

SEPARABI

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS.

BAGGAGE:

FRIDAY the 26th September at 12.00. noon for the UNITED KINGDOM viaTM 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 exception of hand packages,

carried by passengers themselves, ALL BAGGAGE must: pass through the Wharf Co's Godown for loading' on board by ship's slings only.

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

m.v. "LA MARSEILLAISE"

will sail for MARSEILLES

via

sajt for bean MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI, SUEZ & PORT SAID'

on

Tuesday, 30th September, 1952 at 10 p.m.

Passengers are requested to board the vessel with their cabin baggage on the 30th September between 5 and 9 p.m..

Baggage room and Hold baggages will be registered at the Kowloon Godown No. 50 (No. 2 Gate, Ganton Road. Entrance) on the 29th September from 10 am to noon, and from 2 to 5 p.m. and on the 30th September from 10 a.m. to noon only.

No baggage will be registered after that time.

COMPAGNIE DES MESSAGERIES MARITIMES

Queen's Building

Tel: 20051