1952-11-05 — Page 9

MESSAGERIES

MARITIMES

M

"PRI 40"

ATTITION

1

Leaving

Nov. 10

Nov.

M

Outward Yor

Japan

Homeward for

Marseiller via Salgeð N. Africa & Europe N. Africa & Europe

THE CHINA MAIL, WEDNESDAY, NOVEMBER 5, 1952.

Startling Increase In Trade

Nov.

***FELIX ROUSSEL"

T'art

*"FALAISE"

Nov..

1"SAINT MARCOVF“""

1"PEI HO"

Nay. 7

Nov. D Nov, 20 .Dec. • Dec,

N. Africa & Europe

•

For passenger and freight.

of

† For freight to Salgon, Aiglers, Oran, Tangler, Casablanca,

Havre, Dunkirk, Antwerp Rotterdam.

• Accepting cargo:

---via Marsellies to all Mediterranean & West Africa · Ports. -via Djibouti to Madagasenę.

Bubject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

Queen's Building (gr, floor)

P.O. Box 53, Hongkong

Tel. 28661 (3 lines).

E

EVERETT

LINES

EVERETT ORIENT LINE Fost cargo and passengers service refrigeration space available for Korea, Japan, Philippines, Indo-China, Siam, Malaya, Rangoon, Calcutta and Chittagong

"BRADEVERETT

Ir Port

Baila

Loading

Nov, 0 for

"REBEVERETT"

Arrives Saile

Singapore, Kangoon &

Penan Calculta

Nov. 10 from Singapore.

Nov. 11 for Kobe Osaka, Yaitohama

& Nagoya,

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

EVERETT STAR LINE

Fast cargo and passengers service refrigeration spaces available for Korca, Japan, Philippines, Indo-China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.

FIRST CLASS PASSENGER ACCOMMODATION

M. S. "STAR ALCYONE”

Loading

Bolls

Arrives Salie

Nov. 7

Nov. A for Bangkok, Singapore, Colombo, Cochin, Kharram- shahr, Basrah & Bahrein,

1-

M.S. "NORDSTJERNAN”

Nov. 19. from Japan. Nov, 20 for Singapore. Pori Swetten- hum, Madras, Colombo, Bombay, Korachi, Kharra- shahr, Basrah & Bahrein,

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

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

Steadying Factors

On The

Rubber

Market In London

London, Nov. 4.

The United States Government's decision to per- mit a higher percentage of natural rubber to be used by American manufacturers, the news that China has made a bid for the entire output of rubber in Ceylon, and reports that Russia has similar designs on Indo- nesia's output are factors contributing to the recent steadiness of rubber prices in the London market.

The United States decision means that American manufacturers will in future be permitted to use natural and synthetic in the ratio of 45: 55. Until recently, the ratio was 95: 65.

Inxatile, the present re-le It

Method Of Controlling Corrosion

New York, Nov. 4 Dow Chemical Co. an nounced it has successfully tested

a new method of controlling corrosion ocean-going

ship halia The system consists simply magnesium rafis nitact- to the sides of the hulk: Thiess ralle, the cont= pany ways, luterrupt the destructive action which Is caused when the metal is submerged in seawater. predicts the method may eliminate entirely the Decessity of drydocking vessels for scraping of rust and repairs.

ΠΟΥ

It had tried the method on one ship for

over a year and pronounced the test completely successful. Cost of the method la re- latively low, the chemical company SAYS, and can effect important savings to Auch maritime powers sa Britain, the Scandinavian countries, Japan, France and Italy, as well as the United States.-Associated Press,

WORLD COPPER POSITION

Indication Of Move To Equilibrium

London, Nov. 4. Copper dealers in the City of London said there was every indication that the world's supply and de mand of copper had moved into equilibrium.

now

|

Colonies:

Shown By Surplus Of Exports

STATEMENT IN LORDS

London, Oct. 31.

Colonial territories held £1,155 million of Sterling assets at the end of last June. This was revealed by the Earl of Munster, Parliamentary Under-Secretary of State for the Colonies, in a written reply in the House of Lords.

(According to the recent Balance of Payments White Paper, Colonial Sterling balances, on June 30 this year, stood at £1,042 million, but this figure does not include Colonial holdings of Sterling securities.)

Replying to Lord Ogmore, the Parliamentary Under-Secretary said it was difficult to calculate satis- of importa into the Colonial factory volume indices territories, but a start had been made and the results would be published as soon as sufficient data was available.

Comparative figures published with the

reply show that Colonial exports to the Sterling Area arose from £72 million in 1038 to £757 million last year.

Imports from

the Sterling Area in the same two years were £74 million and £007 inillion, respectively.

Higher Prices

Wanted

Page

ROYAL INTEROCEAN LINES

"TJPONDOK"

STJIBADANK"

"TJPANAR** "STRAAT

MALAKKA

BAILINGS

Way. 10

Now. T

Nov. 15

Nav.

Nov. 18

*ZILUWATE"

"TEGELDENG” *VAN HEUTSZ"

"TIWANGI

Nov. zi Nov. 21

fice. R

"TABMAN"

Dec. Dre.

Dec.

B

"TJIPAÑAS"

"TEGELDING"

Dec.

"STRAAT SOINDA” Dor. "TJITJALENGKA" "TJILUWAN"

"KUVS**

*** ** **a*

Deo.

DIC.

TJIKAMPEK"

BOISSEVAIN" #TANMAN" "TJIMENTEÑO" "TJIWANGI“

Doc.

Der. Elec,

Dec.

T

"TJIRODAS"

"RUYA"

Jan. 7

JA.

"VAN HEUTSZ"

Jan.

"TJILUWAH***

Fath

10

36

"TJBANTJET"

"TJWANGI"

Jan. 14 Feb.

2

"STRAAT

MAKASSAR" Feb. "TJITJALENGKA” Feb.

TJIMENTENG" Feb.

11

Exports of petroleum producta last year, at 9.0 millioni tons, were more than three times us large as those for 1938, while carnings from these exports, at £67,714,000, were more. than eleven times as big as those for Demand In America the last pre-war year.

Earnings from

bauxite were Colonial exports to the dollar

£3,003,000 last year,

agnipst area were, £37 million in 1930 only

Althoug00 in 1938.

"STRAAT is building up in some im. there has been ports from the dollar area In-deline in the volume of cer- portant U.S. sectors in creused from £20 million in tain Colonial exports-namely

and £278 million in 1951. Im-

1938 to 112 million last year.

ย

Diskarta, Semarang - Burabain

Betawan Deli, Bingapore, Djakarta, Mauritius, 8. Africa & 7.. America Japan

L

Manita, Singapore, H. & 8, Aleiea, à

H. Amorica

Blagopory.

Diskarta, Rembrane.

Burstiala à' Mapustar

Japan

jakarta. Semarang. Garabala

MRCATAT

Singapor

&

Djakarta, Bezistans.

Burabula & Macassar.

Aingapore, Penang & Belawan Dell Djakarta

MACACIAT

Surabala Beniarang,

Migalia,... Bingapore, Djakarta, "Madritius, 8. Africa & 5. Amerles Manita, Glogapore & S. Africa

Japan

Singapore,

Djakarta, Semarang.

Kurabåla & "Macasier

Japan

Djakarta.

Macaler

Japan

Japan

Heptator. Encabila a

Гаран

Blugapore, DJnkatta. Remarang,

Búrabala d'Alkonasze Djakarta

Hemarang. Hurabala

MACAWAL

Manila, Singapore. Djakarta.

Mauritius, 8. Attica & 8: America Singapore, P. & 8. Aftlea

Singapore, Djakarta, Sematang..

Burahain & Mencarian

Зарад

Singapore, Djakarta. Remarang -

Búrabala & acr

Зарап

Singapore, Djakarta, Mauritius,

.9. Attica & 8. America Manila, Singapure & 8. Africa

ARRIVALS

་

From

New York, Nov. 4, Pressure for higher prices

"TSIBADANE" "THPONDOK" "TJLUWAN”

Nov. 11 Nov. Nov. 12

Гарад

0

Japan

Mingattar, Rurabala.

Semarang.

Djakarta & Singapore

Nov. 11

JAPAN

MALAKSA”

TEL. 28015/18.

spite of a year-long prico | KING'S BUILDING, Ground Floor. weakening for many com-

CHINESE AGENTS: 82 CONNAUGHT RD. C. TEL8, 31190, 25139 |

And figures for the total tradendnuts, cotton, cocon, and of the Colonial territories shown orn-since 1938, the value modities in world markets.

these that their surplus

smaller shipments of exports f

showed a considerable increase rose from £3 million in 1938

038 to

fast year over pre-war figure, C207 milion last year.

This huge increase in Colonial reflecting the post-war ring

commodity prices. trade was further Illustrated by the Earl of Munster In reply to another question from Lord

RISE IN PRICES

of

Ogmore, who sought inform- Exports of groundnuts list tion on the trend of Colonial year were 180,000 tons, fool- production anti exports of cer-pared with 318,000 tons in 1040, tain specified commodities.

BIGGEST INCREASES The Earl of Munster pointed out that production figures are not recorded in all cases, but export figures, éxcept for food- This change in the statistical stuffs, are fairly close to those! position of

was spot- for total production. copper lighted by the request made re-

Biggest increases in Colonial cently by the United States cop-exports of commodities per industry for the complete pre-war occurred in petroleum removal of price controls copper and copper products.

M

The Financial Times points to the strange situation in the cop- per position at the moment. in that there are two contrary tendencies. In the United States the demand for the metal in tremendous, while in Britain and Europe the copper demand seems almost completely satis Ned for the Lima being Furthermore, shipments of European copper are beginning to cross westward to the United Stator

In Britain present indications are that the rearmament pro- gramme will not need a much copper, Leading consuming Arins report fewer,and smaller orders.

No one here knows what par- centage of US. Imports of cop- por represents genuine cop- sumption and how much is be ing stockpiled by the Govern- inent.

The Financial Times points to several Indications that the peak of the U.S. demand has been reached:

·MOOD OF CAUTION

products and bauxite.

sinca

Ex-Enemy Company To

•

Be Sold?

New York, Nov. 4.

and 210,000 tons in 1938. But earnings from groundnuts in

1951 were £13,388,000 compared with £0,325,000 in 1916, and

£1,579,000 in 1938.

The

Steel makers, for instance, say their costs continuo to rise and that the price steel is not at high as it should be.

Several oll

producers have complained that production costs have been rising while the price of crude oil has been held down. Many other industries have the same complaint. But no matter how much they would like to increase prices now, they have the consumer to reckon with. And waning consumer demand Is a much more effective brake on prices than any Government

effect of the post-war .control. rise of prices is especially noticeable in the figures for Colonial exports of cotton and

COEUR,

Colton exports last year were 90,000 tons 2,000 tons less than in 1938. But the value

of Colonial cotton exports was £38.714,000 in 1951, compared with

£4,268,000 m 1938.

And

year, 1938,

£0,820,000

In the earlier post-war years, a general round of wage in- creases was accompanied by * general rise in prices. This year, however, wages have gone up for many workers, but many companies have not been able to raise prices-because they have had plenty of trouble finding customers at the old price level.

SHARP FALI.

have

re-

although cotor ship- ments 1051 were slightly down

In some industries prices have on the 1038 ngure, earn- ings from these exports totalled

come down even though wages no less than £101,042,000 lastetatements this year

went up. And the earnings against

inflected that. The margin of profit

In many

Industries has been Most Colonial commodity ex-squeezof thinner. General Aniline and Filmports, however,

increased What can happen when prices Corp., seized from its German since pre-war in volume as well drop because CONSISTICS ere owners by the United States as in value. In addition to offered more of a commodity than Government in 1842, may be those already mentioned, sold to private investors year, trade sources said. J. G. Chemie is the parent organisa- tion,

next

The company is-America's second largest producers of photographic equipment (Ansco) and also makes a wide variety of dyestuffs, chemicals, duplica- ting machines, paper and other products.

n

In 1953, Congress is expected to act on legislation that would make this Industry available to zak private buyer Such evou

would allow the frm to grow,

research to expand

and to solicit hew financing. It would certain dimculties in remove

that have existed since the U. S. Alien Property management

Altrating the Custodian started Industry after ita sozuro.

Government, Anilinc has been able to expand its operations Net sales for 1952 wore 227.7 per cent higher than those of

1 The demand made in the U.S. despite continued high con- sumption for the removal øl controle,

2. Copper is no longer on tho U.S. Government's critical list.

a. There is a distinct mood of caution in the US. so far as the outlook for copper is concerned Thia has come about gradually in the past month.

to

certain end-uses of copper.

5. The increased allocation of

recent

in-they want is shown in creases were recorded in

the days in the mining industry. following: copper, in, sugor, Zine and lead prices have rubber, palm oil, palm kernels, dropped sharply. For some mines alsal, lead, zinc, hides and with high operating costs thá skins.

price at zinc and lead tell below their break-down point. And some of these high-enst milnes have dosed.

HONGKONG SHARE MARKET

(From Our Correspondent).

Business was brisk on Stock Exchange this morning,

the

Sted is not in the same boat yet. Demand for steel products is still high and the pressure in that industry is all toward higher prices.

The steel wage increase inst Summer was accompanied by a price increase. And customers accepted it.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

*M.S.

"LAURA MAERSK”

Nov, 18

M.S.

"LEISE MAERSK”

Dec. 2

M.S.

"GRETE MAERSK”

Dec. 16

* Calling Vancouver

ARRIVALS FROM_U.S.A.

M.S.

"GRETE MAERSK”

Nov. 18

M.S.

"JEPPESEN MAERSK"

Dec. 1

M.S. "OLGA MAERSK"

Dec. 17

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN &

Pedder Building.

CO.

Tel. Nos, 36066-9.

Dates and folailon subject to change without notice. “At Liberty~ta" proceed "via"other"ports" to`land/dischargo, cargo.

M.V. "FELIX ROUSSEL"

<

will sail for

MARSEILLES

via

MANILA, SAIGON, SINGAPORE, COLOMBO,

DJIBOUTI, SUEZ & PORT BAID -

on

Now the coal wage increase offers sted companier another problem.

Benjamin F. Fairless, Chairman of United States Steel, estimates that the $1.00 a day wage in- crease the coal miners won from Anally allows all of it to be paid --will add $1 a lon to the east of raise Big Sloot's cost of doing their cabin baggage on the

producing steel. That will

business by $25,000,000 a year, he

Despite its management by transactions recorded up to noon the operators- the Government Wednesday, November 5th 1952 at 10 p.m.

1042. Operators said expansion would have been much greater the Arm could have had greater investment capital. But

being of a value of $520,733.30. Noon quotations were:- MHARES DUYERS SELLERS SALES 101420

BANKS

IK Bank East ... 190

INSURANCES

Canton

Unjon

Underwriters

1 Fire ....

4. The decision of the GSEC | lending agencies opposed giving

·loans to a concern where 08 remove the prohibition on

per cent of the ownership was in dispute.

Legislation prepared for Con- SHIPPING And it is now believed that, Ltd. in the weekly rubber, copper mede by the Inter-gressional action is designed to American manufacturers will market report, because if the national Materials Conference cut through a muze of legal eventually be allowed to use cost goes too high American for the final, quarter of the claims and counter-claims to natural and synthetic In equal interest would not persist i year!

ownership which until now proportions.

consuming more natural rubber

have

hopelessly snarled every were to get out of gear

to 'movo bý private interests on the with the natural/synthetic price

buy the property. Prior to its of natural rubber in America structure.

seizure, Anilino was highly de should result in an additional

pendent on the home organisk- consumption of natural of about

materials, key personnel and tion in Germany for many raw tons a month,

new technical developments. Associated Press.

DECLINE IN PALM OIL

це

of restrictions

EFFECT ON PRICE

Copper circles in London be- Hove the improvement in the However, the report adds, st statistical position may affect does seem likely that whereas a price of copper. World produc his should

short time ago it looked as ir tion of the metal in the frat go some way to the price of rubber might g offset the threatened surplus of slowly to lower levels, this may

eight months of this year in production over

consumption not now occur.

creased slightly and demand outside the US. has fallen. when American stockpiling

There is no tendency in London, however, to expect a fall in the price before the your's end.

comes

to an end.

But the report adds the This potential surplus will, of warning that even with course, be still further reduced possibility of increased

for Indonesian rubber.

The London rubber market, however, in taking a cautious

con-

New York, Nov. 4. Malayan polm oll production declined to 19,085 long tons in the first six months of this year. compared with 22,685 fans In the same period last year, the Foreign Commerce Weekly re- ports.

1425

22314

77734

120 134

-9215

50 TO

swys

STILL KISING

At the same time Mr Fairless reports that carnings in the drat nine months of this year repre- sent a return of 4.5 per cent on sales. A year ago Big Steel's. | margin was 5.2 per cent. The higher cost of mining the coal that steel mills must have pre- sumably could tighten the margin still further.

Passengers are requested to board the vessel with 5th November between

5 and 9 p.m.

Baggage room and hold baggage will ne règistered at. the Kowloon Godown No. 60 (No. 2 Gate, Canton Road”, Entrance) on the 4th November from 10 a.m. to Noon and from 2 to 5 p.m. and on the 5th November from 10 a.m. to Noon only.

No baggage will be registered after that time.

Heads of other steel companies COMPAGNIE DES MESSAGERIES

Wstorboat ..11.00 Asla Nav ...' 1.40 DOCKS, ETC. JC. Whort 'N. P. Whart

Dock ......21.40 21.70

havo been Provident

complaining. 13 S'nt Dock 1.00 500 a 100 about mounting costs. They con- Wheelock 5011⁄2 B GEO DO tend that the price Increase they 4000 6.50% were allowed last summer did LAND, ETC.

JIK Hotel “0.60° 0,63 1000, a 6.00

not fully make up for the higher costa growing out of the steel 1000 0.00 3000 4 8.50 Wage increase. And they say that 1500 0.05 their costs are still rising-with 10000.00 the coal increase but the latest

in a long series, hal Land 1.30 135 2500 @ 1.30

One of their complain's is that a time earnings are falling at UTILITIES:

when they are building expensive 20.30 500 20.20 | new plants and otherwise high expanding capacity at

HK Land

Pork Tram

TỜI

Pask ....

Star Ferry..

6.6 65

55

The To

cost.

410

C. Light 101 9.00 922 200 700

0.10

14

fast pace at which they

bo

to

be

have been operating for many months is also speeding, the day 21.10 when present facilities will 1057000 worn out and will have

{replaced "at, great' expense. 4.432.3.20

They ello all of these things | as reasons why the price of steel 1000 19.70 should rise.

}" But walling" around

if China's bid for the entire out-sumption and long-term con- Tom Henderson, of the Metals of rubber in Ceylon—imets made with China antt | Division of Imperial Chemical put of rubb

40,000 tons a year others, there is still a likelihood Industries, speaking at a meet- to amounting

INI Russia to of a surplus of natural rubber in of the National Association - accepted, and Buccessful in her efforts to next year. London Expres of Non-Ferrous Scrap Metal negotiate a long-term contract Service.

Merchants in Birmingham, sald:

5. Light (N), 0.45 BIL Electric "Nobody can really

Macao Elco! awer with any degree of accumey the

Telephone

"(Ra) 3.50 question as to what 'will be the Malayan exports in the same course of copper. picon for periods declined seven per cent, | INDUSTRIALS 1958.

Ropa One can say with a tale from 24,387 tons in 1951 to 22,- amount of certainty that the 627 in the first half of this year: STONES, ETC. coume of copper prices win bo | · The - Hocliries were due to Dairy downwards and when the first | diminished purchases by the

Watson ..... 23.00 break comes it will be necessity United Kingdom, Italy, Egypt,

Immit Ban to run very fast indeed if you the Notheclands, Belgium, and

long ...... going to koop out of the United States-Anzeciated | COTTONS is trouble."---United Press.

view of these developments.

PRICE DIFFERENTIAL

Exchange Rates

Business was done in the local unofficial exchange market thin

The factor making for caution morning at the fallowing rates: As the prion differential between US dollar (per $1) visa. 0.00 natural and synthetic.

sterling poto (pår 21) Any rice in the price of Indonesian guilders (per natural must be somewhat am cals per 100)

Singapore (Bauko) limited, my. Lewis and Leat, [FIC pinstres (per 100)

$25.00 $7.30

34.00

are

Prez

Ewo

ཨཱ ཚ ཉྫུབྷཱུ7 ཉྫུ བྷཱུ ༔ ཤྩ་མ

samo

19.50 19.40 1000. 10.40 comer, they know, is the day 20 1600 € 20 when steel applies will over- lake, steel demond-and, buyers of such higher-priced sleel might be hard to find--Associated 1800 a 2.30 Press, 1

Queen's Building.

MARITIMES

Tel: 26661 (8 lines)

BUSINESS REGULATION

ORDINANCE 1952

Copies of the prescribed

Forms 1 (a) 1(b) and (c)

Now On Sale at S. C, M. Post, Ltd. HONGKONG AND KOWLOON

TEN CENTS EACH'