1952-10-10 — Page 9

MESSAGERIES

M

MARITIMES

Arriving

LARVing

20

qet. 22

.....Nov, 14

Not. 19

"SAINT MARÇOUF” ....Oct "PEI DO"

+"GRENOBLE"

+"FALAISE

M

Outward For

Зарад

- Japan

Homeward For

.Oct. 11 Del. 11

Nov. Nov. 1

* Nov, 0

1. Africa & Europe

2. Africa Muropa

Marvelllen via saigon

*"FELIX ROUSSEL" .... Nov. •

For passenger and freight.

1 For freight to Salgon, Algiers, Oran, Tangler, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam.

• Accepting cargo:

-via Marseilles to all Mediterranean & West Africa Ports.

-vis Djibouti to Madagascar,

Subject To Change Withons Notice,

CIE DES MESSAGERIES maritimeS

Queen's Building (gr. floor)

P.O. Box 53, Hongkong

Tel. 20651 (3 lines).

LINES

EVERETT

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 Salis

Oct, 23 from Manila,

Singapore, Oct, 24 for

&

"REBEVERETT"

Arrives Salla

Rangoon

Nov. 7 from Singapore.

Kobe for

Penang, Calcutta.

Yokohama,

Nov. 8 (Accepting cargo for transhipment Kobe/Puran 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

Balls

Loading

Oct. 10 for Singapore, Port Swottenham, Madras, Colombo, Bombay, Karachi, Kharramshahr, Basrah Bahrein,

M.S. "NORDSTJERNAN”

Arrives Sally

Oct. 24 from Singapore. Oct. 25 for Kobo & Yokohama.

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

EVERETT STEAMSHIP CORPORATION SĨA Queen's Building, Tolophano 31206. Chinese Department: Telophone 28293,

Cotton Countries

In

Middle East

Raise Output

To Raise

Washington, Oct. 9. Four cotton countries in the Middle East-Turkey. Syria, Iraq and Iran-may eventually increase their output to 10 times the pre-war level, the National Cotton Council reports.

էլ

The Council's Foreign Trade Division Director, Read P. Dunn Jr., estimated production for the area may reach 6,000,000 bales of 500 pounds annually.

bales,

His estimate followed a survey; Byria -Production has been

to 207,000 But, he increased of the four nations. said, it may take a number of seven times the pre-war average, but the goal of 1,000,000 bales hefore such a

Coal Is

is not in sight at prosent,

Iraq-Higher production than Current production in the area Syria's is possible with a long- is around 1,200,000 bales, which range goal of 1,200,000 bates.

years reached.

1s double the pre-war rate, Out-Present production, is only 50,-

put in 1953 is expected to be 'higher.

000 bales a year;

Iran-Despite vast potential ties, Mr Dunn says, prospects Mr Dunn says the two chiot for increased production are not Imitations to the increase are bright. Iranians hope to triple Tuck of capital and lack of present output of 125,000 bales additional annually "know-how" but that both are rapidly being overcome. About irrigation-Associated Press.

and-half of the 250,000,000 acres

in the area suitable for cultiva-

while

ilon are now in use, extensive use of the remainder will depend on irrigation,

Me Dunn's findings by coun- tries included:

without

LONDON TIN MARKET

London, Oct; 0. The tin market was firm this

Turkey-Fur shead of other morning. Tumover was 150 tons, countries in the Middle East in including 40 tons for rush, Prices production, resarch, education, closed as the ond of the offalel mechanisation, Insect contro3, morning session as followE-

and so of fatm organisation, land. Turkey plans to increase Spat tin, buyers production to between 710,006 Bik in, callers

Musiposa dong at

0714%

272

and 800,000 bales by 1933. A Three-monthe tins, Elyers 9071 goal of 2,000,000 bales annually Three-months sin, sellers. B011 keems possible but is at least 10 Businesas dono at

Beltiement ».1

JAREN - AWAY.

072

Faišed Rīters.

THE CHINA MAIL, FRIDAY, OCTOBER 10, 1952.

Japan-Australia World Production Of ROYAL INTEROCEAN LINES

Ship Service

Melbourne. Oct. 5,

The Australian radio re- ported today that three Japanese ships will run a regular Bervice between Japan and Australia before the end of the year.

The ar or those ships arrived in Melbourne to. day-France-Presse,

Malaya Wages Dispute

Vegetable Oil Now At Highest Level

London, Oct. 9.

The world is today producing more vegetable oil than ever before. It is being commissioned by the food and soap-making industries, used in the manufacture of paints, varnishes, lubricants and a host of other

trades.

A report of 146 pages, published by the Commonwealth Economic Committee, reviews its world-wide production and usage.

Entitled "Vegetable Oils and Oilseeds, 1952," the report points out that, taking into account the 10 per cent increase in world population, the overall supply of all types of oils and fats per person is still slightly below the pre-war level.

is because the supply of At least 30 different specles of Talks With Unionsimal fats has not risen com-trees and plants have been used

Break Down

mensurately population.

with the world's for the commercial production of fixed and fatty oils. Others, such as Nigeria's camphor tree, ara known to conlain oil, but this has not yet been extracted-com- mercially.

Prices of oilseed crops, which

Singapore, Oct. 9. Malaya faces the possi-ched high levels in 1951. bility of labour troubles have since fallen to levels at or following the drop in the below those before the Korean

crisis, the report notes. The con- price of rubber. tinuous decline has caused employers to seek ways and means of economising, In- cluding reductions in wages.

The wages

of 300,000 estate workers in Malaya, by an agree- ment between the trade unions and employers, are subject to the variations in rubber prices. These wages are reviewed every three months.

cent

The net suppiles of vegetable oils and oilseeds entering world during 1951 totalled trade

equivalent. 3,000,000 tons in oil This was two per cent greater than in 1950 and 17 per greater than in 1949.

Although the 1951 Agure was in per cent below the 1034- supplies to im- average. the

than porting countries, other the United States,

well above pre-war. The nine per cent drop was partly due to the de- United eline in imports by the States, whose home production of oliseeds has recently consider ably increased.

THREE

GROUPS.

BUXTON'S

CLEAR

MESSAGE

"TEGELORRON "TJISADANE” *THLUWAR“

“THIBODAS"

"STRAAT

MALAKKA VAN NEUTAZ"

*TABMAN"

Oct.

MAILINGI

Oct, 14 vel. 14

Japan

Singapore. DJakarta.

Hematog

Hurabile & Massar Djakaris, Remarang, Bahala

Macanes

Oct. 18

Oct. 21

Japan

Ort,

Japan

Uck

“MARTBUYCKER“ Det,

"AUTO" "TJIWANOJ"

MALAKKA

**JILUWAR*

"TROELDERO” "VAN HIZUTSZ"

"KJITJALENGKA"

"EJIWANDI

རྨུ་ z-- བ་

འལ བ་

Bjakart Rematang. --Suradala a

Machsaar Sibghpore, Djakarta & Fremantle Japats

Singapore, bjakarta.

Surabala & Macassar

Japan

Bemarang.

Bingapore, Mauritius, H. Afries, ♣

B. America

- Djakarta, Bemarang Aurahala

Масалан

Manila, Einwan Dell, Ringsport

E. & §. Africa

SIDgapore, Djakarta, Bemarang,

"surabala a Macassar

Djakarta, Bemaran, Burabala

Macature

Djakaria,

"Būrabala & "Miramar

Not

Nor.

PIJIPANAS" PĖJISADANE”

"TJIPONDOK"

FETRAAT

Nov.

Nov.

NOT.

Nov. 10

Nor.

Nov.

Japan

NOT.

Dec.

1

Japan

B.

Bingapore,

"TIKAMPEK"

Ось

9

"TEGELBELG❤

Dec.

"ATIAAT SOENDA" Det. 10

"RJULUWAK"

Dea

10

"TIRODAS"

Dec.

STACKS

"DOISSEVAIN” "TJIWANGI" "TJĦANTJET"-

Dec. 20

Зарда

Jan. 2

**TJÍLUWAII**

"STRAAT

Jan. 攣 Jan. 便

10 200

Japan

MAKASSAN".

Job.

t

the "Economist” On The "nuys"

Cotton Talks

London, Oct. 8. The one clear message

But of the 30, only seven are Important from the viewpoint of International trade, and

per cent of the account for 90 total. They are cocoanut, palm kernel, groundnut, linseed, soya and cottonseed pits. The remaining 10 per cent is represented by rapeseed, sesame, sunflower, olive, caster and tung that came from Buxton was olls. They can be classified into that international compoti- TEGELBERG” three main groups.

The edible

tion in cotton will grow | "TJIBODAS" of:

soya keener, says "The EcoRD- "TISADANE" consiste

cottonseed, sunflower, mial" in a review of the "VAN HEUT82" bean, Increased

recent International Cotton | "TASMAN". sesame and olive oils.

The

edible-industrial group Textile

Con palm kernel and coconut palm. olls, used both for margarine and ference, sonp manufacture.

When the price of rubber was high in 1951, wages accordingly in accordance with the agreement but now, under the same rule, they should be were cut reduced and indeed between five and 10 por cent in July.

Now the estate owners have demand for presented # now

to the unlan con wage cuts cerned the Estate Workers' Union-but this has been flatly rejected and negotiations have broken down. The Government has not been asked to arbitrate In the matter.

The Union's standpoint aris09 from the fact that the fall in the rubber prico

did not coincide with a similar declino in the cost of essential commodities.

INFLATION FACTOR

were

The Commonwealth now ac- counts for over one-Afth of

world production, the same as

pre-war.

MAY IMPROVE

which

The industrial group: linseed, rapeseed, tung and castor oils, used mainly

as drying agents and lubricants."

DUTTER STATISTICS ·

The review makes some in- teresting points:

Industry

con-

The individual countries' ex- pected shares in world trade in 1959 Ats oddly with the ference's own judgment that there is not enough trade to keep all the mills fully employ- ed, it comments.

If the countries concerned be-

It supplies, however, about 30 per cent of the all-seeds and olis entering International trade. In 1951, though, this Agure dropped to 27 per cent, que mainly to the temporary fall in shipments Americans consume even less leve their own #gures, they of groundnuts from Nigeria. butter than the two-ounce a week must be prepared either for While, pre-war, the Common-official ration in Britain. For incompetition fiercer than has wealth and a trading surplus the United States butter con-, ever been known before, or they in off and oilseed, chiefly in sumption has fallen from a pre-must rest their hopes upon an

copra and groundnuts,

palm war kernels, the Commonwealth has a level of 18.7 lbs. to about in expanding world demand.

lbs, per head of the

Textile manufacturers can do been a net importer post-war per year.

every

ery nothing to increase In Britain pulation

worldwide particularly of linseed, sunflower, cllizen is cating 14.5 lbs a year. purchasing power, Tho soya bean and cottonseed.

This works out at more than Economia?" says, so the effec~ This year, though, an improve four ounces week, but presum-tive conclusion of the conference

In the

Commonwealth ably covers

butter enten in turns on what they are prov The first factor arising from balance is expected. Nigerian canteen and restaurant meals. pared to do towards lowering this situation is the tremendous shipments are above last year's, Canadians are the top butter their costa.

which has while restrictions monetary inflation

on purchases esters, with

consumed At every 23.6 1be

stage," the paper engulfed Malaya due to the tre- from dollar areas are coming by every person each your.

soys, "there is scope for alg monious 8-8109 of Maloyan into effect.

Nearly all the groundnuts im- alficant improvement in costs rubber and tin In 1951; the

Chief Commonwealth exporting ported into the United Kingdom which, in total, might well Jus- effect of this

from Nigeria, come will be lasting countries, apart

from Commonwealth tity reductions in final All essential goods have to be include India, Ceylon, Malaya, sources. Since 1946, when India tall prices sufficient to promote

the international

New Guinea and Papua and was the chief supplier, Nigerin increased consumption." other British Pacific Islands, East ed ht a high level by the rice-Africa, Sierra Leone and the producing countries

Gambia. All have developed Thailand.

their allseed industry since the A large part of their exports is bought by Britain.

of rice has been maintain-

such 15

Therefore the cast of living in high Malaya is still extremely and no wage cul acoms possible.

A second point is that the trade -unions think that thepresent rubber selling price of about 70 cents (Straits) per pound still gives the estate owners a hand- some profit. The average cost of production is somewhere between 45-65 cents per pound.

mont

war,

MAJOR DEVELOPMENT Canada and Australia are other major buyers: South Africa's Im- porte, though, have fallen as a result of the increase in her own production, chiefly of groundnuts and sunflowers.

A major development in inter- The third factor is a psycho-national trade has been the in- logical one. No.union Irailer enn

creased proportion shipped in the expect to enjoy the confidence form of oil as opposed to seed. and support of his union mem- This is due to the expansion

plants in some of the

bers, if he agrees cheerfully to crushing countries, including;

succcasive wage cuis,

Trade Unions in Malaya have, Canada, South Africa, India, up to now, escaped the grasp of Pakistan and Fiji Communism considered

World

re-

and the Gambla have supplied nearly all U. K. requirements.

*

Djakarta Semarang)

MACKISHE

黏

Hemarang,

Gurabala 4.

Manila, Singapore, Mauritium,

Africa 6. America

Manila, Singapore à B. Atrien Bingapore, Djakarta, Semar DE,

Surabala & Miscautar

Djakarta,

Semarang.

Sorabala

a

Singapore, DJakarta, Semarang.

Butabale "Macassar

Manila Singapore. Mauritius,

8. Affles & 1. Amerien Singapore, DJakarta, Remarang,

Burakala 4 StacżsiaE

Japan

ARRIVAL B

Det. 10

Uch 15

Oel., 13

OCL 21.

Del. 21

From

America. B. Africa, Maurition, Singapore, Djakarta & Manlia

B.

Japan

Djakerte, Palembang, Belawan Dell &

singsparo

Diskarte, Somarang. Surabain,

MIECHNIAT & Singapore

Japan

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT RÐ, Ó, TELA, 31190, 25133

MAERSK LINE

FABT FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. “ANNA MAERSK”. M.S. "LEXA MAERSK" M.S.

Oct. 16

Nov. 2

"LAURA MAERSK”

Nov. 15

te-

ARRIVALS FROM U.S.A.

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

Oct. 17

Nov. 2

Nov, 20

AGENTS:

LANCASHIRE'S TASK Turning to Lancashire's pro- The Ministry of Food hes, long- term agreements with Marketing Peots, "The Economist" says the now knows it British industry Boards in West Africa, and has contracted to

quarter from buy exportable can expect little surpluses of nuts from Nigeria, other competitors. the Gambia,

"It has been put on warning and Sierra Leone

that it cannot count exclusively until 1955-London. Express Service.

or indefinitely, on a protected markot within the Common- wealth.

HONGKONG

SHARE

MARKET

as the most healthy and free tained for seed and consumption (From Our Correspondent)

unions in the East.

But their

existence is relatively new and they are still fragile owing to their youth and the present in- ternational political situation.

It is feared that any big dis- content or lack of confidence in the trade union leaders would be a valuable weapon in the hands of the Communists who are over ready to grasp their opportunities.France-Presse.

Car Industry Makes Up

Business done

on the Stock

Exchange this morning amount-

It knows that it will find support outside this

little

country if it tries to exclude competitors such as Japan from equal competitive rights in the markets outside the Iron Cur

"Lancashire's task remains to reek greater efficiency, lower costs and ever, better qualities.

"A posture of self-defence or indifference will be fatal to its

For Freight and Further Particulars please apply to:-

J

JEBSEN & CO.

Pedder Building.

Tel. Nos, 36066-9.

Dates and rotation subject to change without notice,

Al Uberty to proceed via other porta to load/discharge cargo.

SELLING

PRESSURE

chances of recovery and pr* IN COTTON

sperity,"

ed to $107,134.76. Noon quota- New York Stock hy selling pressure

in the producer countries can be approximately estimated as: groundnuts 33-40 per cent; soya beans 35 per c cent; cultonseed 25 per cent; sesame 10-20 per cent; sunflower 10-15 per cent; rape- seed and linseed 10 per cent; SUARES BUYERS SELLERS SALES

cerit.

castor sood five Pethe sumated

In terms of all, world output of both field and tree oilseed crops in the 1050

was 10,546,000 1851 crop year,

above the tons or 11 per cent 1034-1938 average of 14,800,000 tons. The 1951-1952 crop will be still ligger, I in estimated. the 1050 -1951 totul, Commonwealth produced 3,588,- 060 as against 3,456,000 tons pre-war.

For Lost Time 12,357,000

ifon

Detroit, Oct. 0.

The nation's car makers are regaining much of the produc

volume lost during the ricel strike,

Some individual companies still are behind scheduled out- put, but the industry as a whole is almost abreast of allotted

volumo.

the

LESS COMPETITION The rest of the world produced as against 14,800,000 tons. The Commonwealth, which had a pre-war, trading surplus of 493,000 tons, had in 1951 a deficit of 187,000 tons.

tions and the morning's trans- actions:

BANKS

HK Bank East Asa

INSURANCES

Canton Unjon DOCKS, ETC. K. Whatt

1405 1420

-

110

0015

N. Pl. Wharf 0.70 0.00 Dock

***... 20.00

Provident

Provident

(RiB.)

2200 125 200

Exchange

New York, Oct. 9. After opening with fractional stock exchange prices Jumped again after Wednesday's sizable advances.

rains

Measured by the Dow Jones

Industrials were

42

averages, cents lower, rails 24 cents higher 1214 and utilities 18 lower, Rails rose

000 BOT 221⁄2

B'dal Dock. 1.00 Wheelock

LAND, ETC.

HK Hotel

in fractions to over 2. Chemi-

The Rubber

Markets

Singapore, Oct. 8. Prices of rubber futures closet Joday as follows:-- Number 1 rubber, per ib.

November December

January...

Number 2 rubber, November Number 3 rubber November Number 4 rubber, November Spot rubber, unbaled

anket crepe No. 1 pale crepa

03-03/ 07-102

United Pres NEW YORK MARKET

New York, Oct. 9. Colton futures experienced for the second consecutive session today influenced by the higher Govern- ment cotton crop, förceast issued on Wednesday,

Continued talk of agitation for a concerted movement

Now York, Oct. 9. among producers to withhold

Prices of rubber futures closed cotton for better prices failed

to 15 points to stem the selling in futures, today 10 fonver

moro imprested higher with sales totailing seven Traders were 10r the moment by the larger contracts. Prices closed today demand for export cotton so far October

smaller as follows:-- upply prospects, the

this season and the lull in cotton November

160 or 720 cats' gains ranged to nearly 2. 500 TEC Steels were mixed. Motors cased termed light except in early February

| Janonary" (1053)* ed. Foods sales. Hedge selling was December,

1720 @ 300 Dow Jones Averages:—

44 44% 300 @ 4412|30 industrinis

20 rulls 0.30 0.45 1000 e ata 15 utilities

40 bonde

HR Land (N) 48%

Shat Land

Humphwys 11.30

UTILITLES

200 @ 12.40

Tretm .... 10.00 20.10 1300 0.20 Star Ferry 104 Redent (O) 950 90

DAY 2330 213 500 @ 22.60 Mação EMO. 10.00 Telephone

-

1.01.20

270.00

dealing.

101.05

50.00

United Press.

Close:

$1,60, a bale lower than the pres | Juby 90.10 vlous close.

April Futures closed 05 cents to June

May

Augint

September

October

October

November

37.25

December

Брос

$7.00

37.36

25.44

13.54 nomini

14/27 nominaĂ

New York Sugar

World

Futures

Now York, Oct. 9. sugar futures closed

INDUSTRIALS

Cement. STRO 500 17.60 unchanged to 3 points lower

STORES, ETCY

Room

Dalry

10.30-19.00

with sales totalling 17.contracta, 10.30 10.40 100 100 Contract No. & closed 1. lower 000 19:40 to 1 higher with notes totalling 500 @ 10.30 184 contracts.

27.20

Xwo

13 37.20

Among those to, have stepped up their surplus are the Fhilip- pine Islands with 535,000 as ngainst 338,000 tons pre-war and 200,000 as Belgian Congo with against 97,000 tons. Argentina's surplus, however, has dropped from 487,000 to 435,000 tons and Quntas assigned to the IndusIndonesin from 515,000 to 460,000 try by the National Production tons. The United States, which Authority called for the produc imported 321,000 tons pre-war,TONS

lon this year of 4,950,000 Imported only 7,000 in 1951. passenger cera. There is a good

Vegetable, olls in post-war will be

years have met with less com- Jcalisod

petition chance that the total

than before the More than 3,000,000 of the

Authorised, output of cars | for instance, is now being ready has been, achieved. wunod than over with the result

·Elusiness" "Was debe in the local Contract No. 6 Steel appears to be coming that less butter is being produced.

unamelst exchange market, this November On the other hand torch moming at the following raters-at. March through in quantity sufficient to asure high-level assembly line into the manufacture of synthetic anlar (per 41) ***.2420 May *** 16.83 | July fats, mainly from Sterling note (per 21) Foperations by most of the higher- olls and

Indonesian guliders (per 100) 25.09 September volume producers throughout. petroleum products, has shown sim ticais (per 100).

1630 October the possibility of their substitut - Blogspora‹ (Biralis) the current fourth quarter-

1821 | Spot. 11.170 Associated Press.

tion for natural products, FIS plustres (per 100),

war

December March

May July

October December

March

Middling spot

26.00 nomina!

2488

2040. 23.01 nominal

24.03 25.20 21

25.27 nominai 24.00 bid 24.32 zominat

206.40

20.00

"Ualled Prem.

LONDON MARKET

a

London, Oct 9. Prices of rubber futures closed

30.33 nominal today as follows:

---Associated Press.

NEW ORLEANS MARKET-.

| Number 4 rubber,, în perioo

per ib.

November

December

New Orleans, Oct. 9. Fortuary/Marets. Cotton futures declined in Apes/ne... New Orleans today under long Jury/September liquidation and hedge selling. Closing prices were steady $1.60 and $75 a bale lower.

Contract No. 4 (world) January March Max July Beptember.

January Spot

4.00 nominal

5.78 bīd 1.00

5.81.bla

KAT

3.81 bid

180 animal

4.00

Clon

October December

6.00

from animal fats. Moro milk, Exchange Rates October

حدة

0.30 bin

BLESS A

0.60 nominal

0.47 Nominat

0.10

-United Pross

March

May.

July

--United

JAPANESE BONDS

London, Oct. 9.

Japanese bonda “,

of 1809) 86

"13" (40.

27.30 bia

of.1910) of 1007) 138

・グラ

"Spól cotton closet steady $1.50D (D~of 1934):162 a bale lower.

"E" (5340. of: 1030) 35216

Middling

**Associated Press.

Consola

00%

----Uniteti Press.