1952-10-02 — Page 9

MESSAGERIES

M

"SAINT MARCOUF" ...del.

"PEI HO"

"GRENOBLE"

"FALAISE"

**FELIX ROUSSEL”

.

MARÍTIMES

M

Outward Vor

Argiving

Leaving

20

Oct. 22

Харад

**«Nov. 16

Nov. 11

Japen

+

B

Oct. 23

.. Nov,

Oct.

Д Get. 26 ◄ Nov. 5

For passenger and freight.

Homeward YOT

Europe

N. Africa N. Afelon & Europe

Alarmelitra via Balgon

For freight to Salgon, Algiers, Oran, Tangler, Casabianes, Havre, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

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

Bubject To Change Without Notice.

CIE. DES MESSAGERIES MARITIMES

P.O. Box 63, Hongkong

Queen's Building (gr. floor).

E

Tel. 26651 (3 lines).

EVERETT LINES

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

"BRADEVERETT”

Arrives Salls

Oct. 1 from Singapore, Oct. 8

"LENEVERETT”

Arrives Salls

for Kobe, Osaka, Nagoyn & Yokohama.

Oct. 23 from Manila,

&

Penang. Calcutta.

Oct, 24 for Singapore,

Rungoon

(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, Siam, 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,

THE CHINA MAIL,

The Dumping Menace

Montreal; Oct., 1. The Executive Counell of the Canadian Manufactur- ers Association has called for "adequate Government measures to prevent the dumping of foreign goods on the Canadian market. -- -|

The Council sală Japan's most recent request for favoured nation treatment dangerous would chudO situation in many Canadian industries.

The Council added that post-war markets for Cana- dian manufactured goods were strictly limited through import prolúbitions and restrictions by several countries од account of dollar shortages—Reuter,

Free Lead Trading In London

Big-Fall-In Prices

London, Oct. 1.

Lead prices fell £24 a ton, and 4,300 tons of the metal changed hands today, when the London Metal Exchange resumed free trading in lead after 13 years of Gov- ernment control.

The price fall-from the con- trolled price of £131 a ton in trading free this afternoon's

£ 107-worried the price of official Government broker, Fince

Britain stands to lose heavily on the lead it

now holds.

The latest figures showed that the Government has about 102- 000 tons of lead; on today's book values this could moan" n loss of about £2,500,000.

Both lend and tin trading have been handed back to private enterprise and industry, and the industry intends to campaign for relaxed control on copper and zinc as soon as possible.

Today's first Bld was 2110, This afternoon it was £107. When the market closed, brokers maid that further price drops, in the near future would not sur- prise them.

This was the first time that dealings in lead have einco taken place in London August 31, 1039.

free

Port

Swettenham, Madras, Colombo, Bombay. Karachi, Kharramshahr, Basrah Bahrein..

M.S. "NORDSTJERNAN”

Arrives Sally

Oct. 21 from Singaporo.

Oct. 22 for Kobe & Yokohama. (Accepting targo for transhipment Kobe/Pusan and Kobe/Okinawa)

&

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

The Rubber HONGKONG

Markets

London, Oct. 1. The rubber, futures market closed today as follows:- Number 1 rubber, in pence

per Ib.

November

December

January/March

April/June

July/September

214-2 2122-2232 2134-22 21-22

2315-34 2114-1 United Press. SINGAPORE HOLIDAY

Singapore, Oct. 1. The rubber futures market closed today. United

wis

Press,

NEW YORK MARKET

New York, Oct. 1. Prices of rubber futures closed today 4 points highor to 5 points Lower with sales totalling 2 contracts. Prices closed today as follows:- October

20.70 nomina! November Decomber January (1953).

February

March

April

May

Juhe

July

August

September

October

November December Spot

20.50

2075,214

25.01 nominai 25.35

24.01 bid 14.70 nominal

24.30 bla

24.41 nominal 24.43

24.45 nominat

24.35

20.00

*United Press,

LONDON TIN:

SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning totalled $550,520.80. Noon quotations and the morning's transactions; SHARES BUYERS BELLERS SALES

DANKS

Dank... 1400 1415 45 1410 INSURANCES

Union 700 DOCKS,

N. PL. Wharz 4.00

K. Whart

Dock

Provident

700

100 00

Provident 1220 12" 70 @ 12.20

Stal Dock..

Wheelock

LAND, ETC.

70d 1.00

250 # 700

5000

1.00

JIK {[ 0400 6.50

1K Land (0) 404 401% 1500

HK Land. (N) ATEL

S'hat. Land UTILITIES

TTAM ... P. Train (0) P. Tram (N)

Star Ferry

C. Light (0) 9.25 0.40

C. Light (N) 035 6.45

Electric

0 11.40 27.40 21.30

During the intervening period the Ministry of Materials (formerly the Ministry of Sup- ply) has been the sole importer

of lead.

The freeing of the lead market is the second main move In the Government's declared intention of handing back mag- kets to private enterprise, Tin was freed in November, 1949, Router.

Grain Prices

In Chicago

Chicago, Oct. 1. Chicago grains joined the major commodities in genéHilly mixed dealings with n slightly steadler undertone. Wheat closed 14 to higher and soybeans were to 14 lower. Prices closed today as follows:~~~

Wheat-price per bushel

2.20 2.33-234 2.4011 2.4316-15

2,30%

Spat

December

March

May

July

Corn

Spot

1.7436

December

15445

March

1.77

May July

Itye December March

DAL December March

1.54

1.74%

190

2.00% 2.00

0315-46

New York four-per 200 lb. Sack, $12.30-United Press,

Yugoslav Ban

On Imports

Belgrade, Oct. 1. Yugoslovia Loday put a six- month ban on the import "of 1.30

about 100 types of goods, in- electrical 19.30 19 5000 10.40 cluding metalware,

equipment and chemicals

This is an emergency mea so sure to control the unfavourable 0.35 balance of trade, worsened by the recent Yugoslav loss of agricultural exports. after the Summer drought.

The list of banned gools in- cludes

molor cars, blcycles, building and mining equipment, electrical goods and toys,

Goods which have been paid for in advance or for which 000110 letters of credit were opened before the coming into force of the ban are excluded-outer.

Macao

Elec. 10,00 Telephona... 17.70

15 1300 10.70

19,70

ENDUSTRIALS

Cement..... 17.30 1735 Rope STORES, ETC.

Dalry Wetton

MARKET COTTONE

London, Oct. 1. The tia market was frmer. Turnover was' 280 tons, in- cluding 40 tons for cash. Prices today at the end of the officiel morning session as follows:- Spot tin, buyers Spottin, sellers Business »done al Three-montha tin,

buyer

Three-inanikslin,

llorm But done at Betterment

104 DOO

P07-005

9503-04

"Undied Prett."

10.

18.20 19.30 700 4 19ÌÒ 21.03

Ewa MISCELLANEOUS

YAKUZU

3000 4.00

Exchange Rates

Business War done in the local tinoficial • ́exchange Thatket 1111 isteming at the followkig rates?-- UB,gdollar, (per :$13

15.30

|

·

THURSDAY, OCTOBER 2, 1952.

PRESSURE IN AMERICA FOR HIGHER TARIFFS

ON IMPORTS OF WOOL

Washington, Oct. 1.

American wool growers' fears in United States markets of huge 1952 wool top carry-overs from Uruguay and Argentina have occasioned a renewal of demands for some form of increased wool protection under tariff laws.

The Agriculture Department, in current hearings on the subject being held by the Tariff Commission, has suggested a temporary special import fee of up- proximately 16 cents per clean pound.

Some United States growers support this.

Some want a flexible fee based on United States parity' prices. Some ask for a flat increase in wool tariffs and some think that quotas should be imposed rather than tariffs,

threatened.

ia

programme --Ja

Most officials hesitated to Section 22 of the Reciprocal predict results,

Trade Act allowing the imposi- The State Department, backed tion of special import fees | by Prealdent Truman, has ro• | cases where the domestic

sisted more requests for tarige price support In recent months.

The State Department's_at- I will report its findings to titude toward a wool tarif in the President for eventual some form is not yet known and

by the axecutiva may have a large bearing on the department.—United Press. eventual decisión.

CANBERRA REACTION

But the Agriculture Depart ment made a strong plea that imports threatened the domesue industry and the price support programme.

IN CONGRESS

decision

ter

day.

were

*TFIWAND!"

“TJIBANTVETE

"BTRAAT

J

ROYAL INTEROCEAN LINES

HAFLINGEYDEN CH

[ Bingapore), ngheria, Llarating,

Balikpapan, Š, Kurabala,» . SaRATERI,

Belawan Dell Singapore, 8. Africa

Manila, P.I. Torte, Djakarta, Singapore, Mauritius, K. Atries & 8. America

Japan

Dinkaria. Kemarang, Surabala"

Насмият

Burabala & BiteasiNÝ

"BTRAAT

MALAKKA"

"TABMAN"

P&O Dividend "MATUCKER"

Announced

London, Oct. L

* Tho Peninsular and Oriental Bleam Navigation Company today announced a dividend as the rate of five per cent less incomo tax on the preferred stock for the half-year ended Beptember 30.

"THWANOI

"RUYR" *TJIFANAS" "TJISADANE”.

**TJIFONDOX”....:

"STILAAT

Djakaria

Aembrasp,

Djakarta, Bemarang, Surabala

Bisacqasar.

Hingapore, Djakarta - & - Fremantle, Singapore, DJakarta.

Surabals & Macassar

Japan Japan"

mata;

Bingapore. Atauriine, S. Africa, da

8. America

Djakarta,

Macassar

Semarang. Burzbaia

Manita, Blogapore & 8. Aurten Bingapore, Djakarta, Semarang.

Burabala Macassar

Japan

Semarang,

Djakarta.

Burabala & Macassar

Djakarta Semarang,

flacassar

Singapore.

Semarang.

Burabala. &

B. Africa & B. America Singapore, Djakarta, Semarang.

Buyabala. Macariat

MAKASSAR”

Oct.

"TEGELDERG” "TIBODAS"

"TJISADANEH *TJKUWAR”.

Ort. OcL

Oct. 13

Зарад

Oct.

10

· Singapore,

"VAN BEUTA2"

Oct. 19

Jajin

Del,

21

Japan

Get.

Det.

Nov. J

Nor. → Nov. Nov.

8

Nov.

D....

MALAKKA **TJILUWAUM

"TEGELDENG“

Nov. 18 Nov. 10

Nov, 20

"VAN BEUT8Z”

NOT:

12

Djakarta.

Nroussar

The company Also -an- an Interim nounced dividend of

"TJIWANGI"

"TJIKAMPEK”

"TEUELBESG"

"TJILUWAH"

*TSINOBAS”

"BOISSEVAIN" "TJIWANGI"

Dec.

1

'Singapore,

Dec. D

Dec.

Dee. 10

Dec.

trec.

23

Djakarta, Bemarang,

Macenour

30 Jan. 2

Japan

ARRIVALS

"TJIWANGI" ***PJILUWAR"

TEGELBERG”

*TRAAT

In

Part

Oct.

OFL Q

7

B.

Oct. ร

Japen

six per cent (actual) leas income tax on 20,888.777 deferred stock, absorbing £215,998 for the

ended year Beplember 30.

· Last year's dividend was eight per cent on £4.503.- 518 deferred stock, absorb. Ing £192,685,---Reuter,

· BRITISH BUDGET

Canberra, Oct. 1. w The Australian Government is considering what steps should be taken following the proposals In the United States for Pressure for tariff protection the Australian Commerce Minis

increased wool Import duties, coming from sheep growers

Mr of the United States and from

John McEwen, said to- members of Congress who ro

În a statement to the House of present sheep States.

the The world supply of wool Representatives, he said

increases is at present high in contrast proposed with the recent slackening of threat to the Australian wool Industry and the economy as a world demand.

Many domestic sheep pro- whole.

The United States Tariff Coin- ducers

thut warn, therefore,

Inta

wool they may be forced out of mission's enquiry business because they are un imports appeared to have been brought about by concern that able to compete with foreign

imported wool might affect local wool prices.

The Tarif Commission's cur- wool prices, Mr McEwen said.

The

Australian rent hearings mark the opening

Government of an investigation under has seen in consultation with the and lower revenues have put- Wo Board and Federal Or Britain 11 times deeper in

Foreign Exchanges In N.Y.

Canada England-omefal

J

New York, Oct. 1.

US$1.044

unofficial

2.701

2.51 bid/

2.64 daked

30-day futures

2.77%

90-day futures

2.7016

Australia

2.2216

New Zealand

2.773%

South Africa

2.75%

Belgium

.010011

Denmark

1458

France

West Germany

Holland

Italy

NOTWAY

Portugal Spain

Sweden

Switzerland

MIDDLE EAST

312

Egyot

Iran

Iraq Turkey

LATIN AMERICA

Argentina

Brazil

Bolivia

Chile... Colombia

Cuba

Mexico

,0650

.0103

4025

1.00

Peru... Ururusy

0650

5434

Venezuela

.2003

FAR EAST

India

2000

Pakistan

3025

.1750

0000

3230

Hongkong Indonesia Singapore Верад

DEFICIT

London, Oct, 1. Heavy rearmament costs

ganation of Woolgrowers, but the red in the first half of both des indicated they would this

prefer hot to intervene them-

the

fiscal year than she

selves, but leave the action to was at the same time last Government, despite the year, a Treasury announce. obvicus threat to their marical." ment says.

the

But much of the Govern-

Dr Herbert Evath, leader of Opposition, said that any reasonable support the Opposi- ment's income normally comes tion could give would be forth in the lum half of the fscol coming-Reuter.

year. About £3,000,000,000 Is expected to pour Into the Treasury in the next sixi months which, with a levelling off of expenditures, might just about balance the Budget.

MARKET FIRM

Sydney, Oct. 1. The wool market in Sydney opened firm today.

Japan, the Continent and the United Kingdom led the bidding. -Reuter.

TEA

For the six-month period ended

the report Sept. 30, shows €

of Budget deflelt *£293,210,939 compared with last year's six-month deficit of only £26,201,972 for the same

BOARD period.

REVIEWS SITUATION

Financial sources blamed the sharp rise in rearmament evets pearly £200,000,000 more than jast your Increased

developments" and a dro in many key commodity price

Total Government receipts in

past six months the

were £1,854,144,937 and expenditures £2,147,355,926. Associated

nt lending for local

London, Oct. 1. The International Tea Market Expansion Board met in London yesterday and reviewed the situation arising out of the Goy-Press, emnzkent of India's withdrawal from the Board,

The Board will again meet on October 10.

In the meantime, it is under- stood that the Board will con- tact the governing bodies of other member countries-

CONVERSION OFFER

London, Oct. 1. The Treasury tonight an- nounced a conversion offer for £972 million of bonds, which fall

due shortly. It also an-

360 yen to US31 Ceylon, Indonesia and some Bastnounced offers of short-term

-United Press.

Assessing The Indian Cotton Situation

Bombay, Oct. 1. India's Commerce Minister,

Mr T. T. Krishnamacharl, sald today that would

cotton

the Government announce its polley for the new season to-

Africa

territories for

their bonds for cash.

views on India's decisions.

The outstanding £450 million The Indian Government's de-of 1% per cent Serial Funding cision was-communicated to, the Stock, 1952, Issued last Novem Board on September 25.

ber, was offered conversion into The

Government of India, the similar 1959 or 1054 stocks. which subscribed half the or into a new 3 cent Serial

рет Funding Stock, 1953. Board's total budget of £750,- 000, will now organise its ovil programme for the Indian Tea Board-Reuter,

Jap. Interest In Ceylon

The outstanding 522 million of 234 per cent National

War Bonde, 1951 to 1033, is offered conversion Into the new 3 per cent 1935 stock.

Unlimited amounts of the 1953 and 1955 stocks will also be offered for cash on October 6. Any money so raised will ob- viously

to KO

pay

off any the maturing bonds

holder of

who chooses to make a cash res

demption. Instead of accepting the conversion offers.

Colombo, Oct. 1. wards the end of this month A Japanese textile mission is after assessing the exact post-expected to arrive here shortly tion of the cotion crop

As a technical and to promote the sale of their

monetary opera demand.

tion the new issues are likely to goods. The The Government had tenta

mission, consisting of be successful, observera thought, tively decided to allow the im- business men, will hold an ex- since these terms are attractive port this year of 200,000 bales hibition of rayon and sliks which to banks and money houses of United States cotton, he salt they are prepared to export im- | Reuter.

Krishnamachari, who modiately to Ceylon. Mr. arrived in Bombay on Bunday

The mission's arrival would for discussions with representa-give a boost to the recent Japan-

trado and Ceylon trade agreement. lives of the cotton,

told Q Prema con- Japanese exporters had been industry, ference that some measure of showing an increasing interest control en coton must fremain, in Ceylon as a valuable market":

for their goods after this agree- so se do arantee floor prices.

The Government had no inment-Reuter,.. tention of reducing the export duty on cloth or cotton--feu- ter.

COTTON MARKET

No News Of

Mission

Colombo, Oct. 1.

The Ceylin - Goverment has

mission'

NY Stock Exchange received no news of its trotle disetassioru with the Now York, Oct. 1.. Chinese Government, The · ntis- New York, Det, bl: Stock exchange prices ux- sion left here for Peking on The cotton market moved up tonded the current decline in September 14. gradually from start to finish continued slow dealings with The

closing down 44 Certon's Trade Minister. Mc mission," headed by JAPANESE BONDS and clord at the day's best industrials

fevels. Trades saw little in the conts In the

averagon

Jag preliminary

and rails R. G. Senanayake, was to hold talks on the nows to account for the notion. 28: white titilities Most of them said it probably cents; s

possibility of a general, trade #totalled 600.000 agreement": was a "technical alleine with activity dampened by the Chi

Commur the recent prolonged

Japanese

bonds "A"

London, Oct. 1, .

of 1009) 06/

OF 1210) 73

of 1007) 136%

Blotting nota (park1)

Indoleras guilders (per 1003”.. 28.00

of 1834) 00

Blams tesis (per 1003

** (0.0f 1980) 168

Singapore (Siraita).

34.30 13.18

Consola

GB

United Press,

Fic plastros (per 100).

.:14

The market opened up 9 to Interest in the World Scries.

only now received by

15 points. Thereafter it moved of ~1,003 issues traded, 264 the Government bière was of, a upward gradushy to close on advanced, 482 declined and: 327 | banquet given to the delegates. the top up 20 to 35 points were unchanged. Steels "eased, by the Chinese Foreign="Minis- United Press

Ki-United Press, 2a ed. ter.. Mr. Cliou. En-lai Reuter.

MAKASSAR"

Manila.

Hurabala de

Maurius,

Barabala

16

Singapore, Djakarta. Semarang,

Skrabala & Macassar

From

Macarist. surable,

Djakarta & Singapore'

Jakarta, Semarang. Surabala

Matakse

America, R. Atrica, ' MADEILUR, Singapore, Djakarta & Manila

KING'S BUILDING, Ground Floor.

*Bemarang.

&

TEL. 28016/18.

CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31196, 25139

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: A B NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND FANAMA.

NEXT SAILINGS

"NICOLINE MAERSK"

M.S.

M.S.. "ANNA MADRSK"

M.S. "LEXA MAERSK"

M.S.

"LAURA MAERSK” M.S. "LEISE MAERSK" M.S. "GRETE MAERSK”

ARRIVALS FROM U.S.A.

Oct.

Oct. 16 Nov. 2

Oct. 18

Nov,

1

Nov. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos, 86066-9.

Dates, and rotation subject to change without, Roller. At liberty to proceed' via other porta bo load/discharge carto.

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