1952-11-11 — Page 9

MESSAGERIES

MARITIMES

MOM

"PEL KO"

"LA' MARSEILLAISE"

"FALAISE"

"ST-MARÇOỤF"

#PEI 10"

ling

Benving

Nov. 14 Nov. 14 .DEC. • Dec. 5

Nov. 14 Nov. 14 Keelung Nov. 17 Nov. 17 Hongkong Nov. 10 Nov. 20

Dey.

$ -Der. 4

15 Dec. 16

*"LA MARSEILLAISE”, Den.

For passenger and fraight.

Outward For

Japan

Yokohama & Kobe Ilonoward For

N. Africa & Europe N. Africa & Europ

N. Africa & Europe Marsellite Via" Kradıla

† For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca,

Havre, Dunkirk, Antwerp & Rotterdam.

• Accepting cargo:

-vla Marseilles to all Mediterranean & West Africa Forte.

-via Djiboull to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel. 26651 (8 lines).

ELINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Słam, Malaya, Kangoon, Calcutta and Chittagong,

"NOREVERETT”

Artives

Sajla

Nov. 23 fruch Singapore. Nov, 24 far Kobe M

"REBEVERETT"

Arrives Sails

Dec. from Manila,

Tokohama

Dec. 10 for

Singapore,

Rantoon

Penang, Calcutta.

(Accepting cargo for transhipment

and Kobe/Okinawa) Kobe/usaa

EVERETT STAR LINE

Fast regular freight—refrigerator-passenger service to Korça, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bomboy, Karachi and Persian Gulf Ports.

M. S. "STAR ALCYONE"

Loading Salls

Nov. 12

Nov. 13 for

Bangkok, Colombo, Kharramshahr, Cochin, Basrah & Bahrein,

M.S. "NORDSTJERNAN”

Arrives Sails

Nov. 19 from Japan, Nov. 20 for Singapore, Port Swetten- hain, Madras, Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrein.

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

EVERETT STEAMSHIP CORPORATION S/A

·~Queen's~Building, TelophonoTM 31206. Chinese Department: Telephone 28293.

Cost Of

་

US Steel

Strike Reflected

In

Profit Reports

Pittsburgh, Nov. 10.

Earning reports of the nation's six largest steel companies show that the 1952 steel strike cost more than $120,000,000.

That is how much net profits of the six declined during the first nine months of the year from the same nine months in 1951.

That sum represents only a fraction of the real cost of the 55-day long steel strike which ended began last June 2 and July 20.

with $27,030,000 in the quarter last year.

samo

But the strike chalked up a nine huge loss for the first months. Pronta for that perled $00,158,000, Income losses of less affected this year word firms are not included in the compared with $134,733,537 for $120,000,000. Also exclutied is the same period last year. the lost income of coal mines,

Bethlehem Steel Corp.'s earn- rilroads and steel fabricating companies which closed for lackings for nine months sank front

of steel to process into finished 507,155,347 to $41,421,705, products.

drop of $25,733,642:

went

THE CHINA MAIL, TUESDAY, NOVEMBER 11, 1952.

Cotton Crop IMPROVED TREND

Estimate

In Washington

Washington. Nev. 10. The Airfculture Depari- inent, In its semi-final report of the year, today estimated this year's coltop crop at 14,005,000 bales pr 300 pquqda gross weight

This in 452,000 balèn more than the 14,413,000 foreplaţ

month ago. лю

The indicated production compares with 15.144.000 produced last year, 11,755,- 000 for tho 10-year (1941-50) ayeraze, and a production Government

goal of 16,000,000,

While short of the goal, the crop -15 more than encugh to cover prospective market demand both domestic and export-until the 1935 crop is produced. --Associated Press.

Report On The Tin Industry

Conclusions Of

U.S. Mission

Washington, Nov. 10. The United States tin mission which toured Malaya in November 1951 | said in its report today: "The Communist guerilla campaign had then not affected tin production but it had seriously interfered with the industry's expan- sion goal.

OF BUSINESS IN U.S. FORECAST

Effect Of Eisenhower's Victory

New York, Nov. 10.

African

Air Services

Influenca Qf The BQAQ Comets

Brazzaville, Noy, 10. The British decision to enter their Comet planes on the London to Johannes. burg roule is bringing big changes in the African air

A fast rolling U.S. economy took the election in "stride last week. Financial and industrial circles generally were pleased. But there was no overwhelming reactions to the Eisenhower vic-servlees. tory.

1

In less than a wook two "first were medo on the

flights" Most businessmen and industrialists were already convinced production would remain high over the next six months.

The International Statistical Bureau, Inc., took the view of many economists when I said the election of Mr Eisenhower will undoubtedly create a botter business psychology in the coming months.

The Bureau aded in a, statement that the election will also have a favourable effect on the longer-term outlook for business.

Economist A. W. Zelomek expected no sudden changes in Government policy on business activity as a result of the clee- iion.

On the stock exchange, reac tion to the election got under way before the voting. Many a trader was shouting "It's on

HONGKONG

SHARE MARKET

(From Our Correspondent)

|

Elsenhower

market on the Friday before balloting began, Whether it was or was not en Eisenhower market

that day, the fact is that prices on the Exchange generally have volume moved ahead and the of trading has been better than the recent average.

The day after election the market had the best first hour in about two years. It has alowed its pace a bit slace then but has maintained its enthu- slasm.

ROYAL INTEROCEAN LINES

"TJANAS -UTHAAT

MALAKKA

-TEOKLING"

"TEOBLABROS "STRAAT SOBNDA" DEC

TAILINGS

#jakazia. Ottwaren gebala

Blanila, Singapora, E. & 8. Africa ✯

B. America

Rintsite,

Elabora.

Qiimba{y, W2 Kjar

.. ander.

-Djafirių. Atmacara. Butakaťa a

Slugapore

sabato

Buradają & Adlar

Bingapore, Penshe "k. Potaway, yeti

karta „Jemarion "Buraşela" à

Mack?

Manila,

BERKPROTC. Diskasta, Kaprítios, B. Africa à 8. Ausdriça Ringapore, & § Africa

Japan

Singapore, Djakaria. temarang.

Burbaine ̃Macassar

POND94"

Nav. 1

Nov. 18

Nov. 13.

Nov. 1

Nov.

20

*VĀM”URUTSZ" Navi

"TJIWANOI? *TARMAN"

A

Dec.

Dec.

ARE.

Nec.

10 Kan. 13 Dec. 10

Bec. 20 Ref. 21

pec. IB

Japan

Djakarta,

Kardasar

Japan

Dec. 29

Japan

DEC. D

Jan. 7

Jau.

its

"VAN HCUTIC” “TJILUWARIT!

Jun 10

14.2.

Tan.

18

Feb.

Bingapore,

МАКАВЕЛ "THŢISLENOKĄ"

"TJIMENTENG"

Feb. Feb.

Feb.

3

Зарад

→

11

African long distance air lines and at the same tiny news was received here

that F

new

"TJTJALENULAS ***JILUWAH”

"RUYS" *TṬIKÁMFBK"

"DĀĻSKEVÄIN TAIMAN". "TJIMENTENG"

African air company is to bo set u

services Goon. extend its te grother one is to "WANG

A new stage has been eatered

"TJIBODAS"

in African aviation. It was CRUKA" hernkled last May. when the

"Comet" British

made spectacular flight to Johannes- burg. Very soon, the other air companies felt the influence of the New BOAC service and dying la Africa has become keenly competitive.

The first company to take up the British. chailenge was Pan- American, which sent its first

"THBANTIST” "TSIWANGI"! "STRAAT

"TJIEONDOK" "TFILUWATE!!

STJIPANABY

| Super-DC-6-B to South Africa on October 2-4, clipping six hours from the previous flying time between New York and Johannesburg, while offering at There was a lot of post-clec- the same time greater luxury. tion talk of price controla. On October 7, the glant French Some economists

"Armagnac", scoting 107 tour- wage-price décontrol will ists or 84 de luxe passengers, speed up in view of the Re-arrived in Brazzaville. Though publican landelläe.

somewhat slower than the Super DC-6-B and the Super- Constellation, this machine of- fers a roominess and comfort hardly found

ather on any pinne.

It Is Down by the "Transports Acrlaens Intercon- tinentaux", which hopes to have the plane on a regular service soon. It makes the Paris- Brazzaville run in 19 hours, two stops included.

"НТИЛАТ believed

CHEERFUL OUTLOOK

However, in official Washing ion, the Price Stabiliser, Tighe Woods. thought the country ought to have stronger price controls.

the

Dun and Bradstreet, Business done on the Stockbusiness reporting service, said "Exploration has been almost Exchange this morning amount- retail trade slowed its.

recent completely arrested," the mist to $284,824. Non prices and stopdy rise as the attention of Aion reported,

the morning's transactions— shoppers was diverted by the "The in-mining Industry in Mulaxa is rapidly depleting its

SHARES BUYERS BELLENS SALES election. reserves available under present BANKS technology and price levels", 1.K. Bank

The report added that output INSURANCES

Canion had not been curtailed by Com-

Laica munist activities but most de- pressing aspect of the altuntion SHIPPING was the certainty of a declining output in the fúrly near future, unless the problem of develop- ing reserves to replace current depletion could be solved.

p

..1419

233

100

130

And Day, 1.40 BUCKS, ETC.

K. Wharf...

. Wh Dock

Provident

17

01

#

31,00

121⁄2 120 500

42

12.60

Prevident 4147 Wheelock 501 51 300 69 37

170031%

LAND, ETC,

H.K. Hotel J.K. Land (0)

The mission noted that in all considerations of future in ply Malayo, as the world's large

Cla est producer, was a focal point

20 in Communist aggression,

H.. Land ƐN) BA ALTERNATIVES

S'hai Land 12732 Substantial success

Ilumplireys by the

19.20 UTILITIES Malaya could Communiste very easily engulf her neigh- bours with the result that well over one half of the world's production might in £ prisingly short time become un- available except on Communist INDUSTRIALS

Tram ....... 20.20

Union

NEW COMPANY

Tie National Association of The French "Air France" Purchasing Agents, the men company has ordered a number who buy supplies for business of Super-Constellations for the and industry, said the majority same line. But the new com- of buyere expect good businesspany

Aero-Maritime will continue well into the first Des Transports," a venture of quarter of 1953 with the usual the "Chargeurs Reunis" ship- hokey full,

ping company, hopes to beat the competitors with the Arst French-owned "Comet" to enter service before the aid of the

like

The key figures of industry and-financa showed some pretty imposing results.

MALARKA”

Зарад

Semarave, Barabais

Singapore, Djakarta.

Surabala & MACKSTAY

Djakarta

Mackarar

Semarang,

Hemarang, Burabala

Manila, Bingapore, Djakarta, Mauritius, & Africa & B. America Singapore, E. & 8. Aftlea

Stadspore. Djakarta, Semarang.

Kurabala & Macassar

Djakarta.

Suzabala & "Macassar

Bemarang

Singapore, Djakarta, Mauritius,

8. Asilen & . America Manila, 5

„Singapore & 8. Africa

ARRIVALE

In Port

Not 17

Nov. 24

Nov. 11

Зарар

Macamor,

From

Surabata, Semarang,

Djakarta & Singapore

F. 9. Africa, quritius, Singapore

& Djakarin

Japan

KING'S BUILDING, Ground Floor.

TEL. 28015/18.

CHINESE AGENTS: 82 CONNA PGIT RD. C. TELS. 31106, 26133

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA VÍS ***** SAN FRANCISCO, LOS ANGELES' AND 'PANAMA."

NEXT SAILINGS

*M.S. "LAURA MAERSK”

Nov, 18

Doc.

ARRIVALS FROM U.S.A.

Dec. 10

300 @ 30

Crude oil production hit n ré

week cord high for the fourth in

barrels row-6,471,850

8,460,500 compared withi

the provious week and 0,204,600 reat ogo.

a

to

year. KLM is still awaiting for Super-Constellations Air France, while Sabena Is replacing

gradually the mining DC-4s with DC-65.

Finally, "SAS" will extend Its service down East Africa from Nairobi to Johannesburg next year.

The trend

M.S.

"LEISE MAERSK”

M.S.

"GRETE MAERSK”

* Calling Vancouver

re-

M.S.

"GRETE MAERSK"

carly

M.S.

JEPPESEN MAERSK”

M.S.

"OLGA MAERSK"

t

20.20

1100

20000 4 9.06 C. Light (0) 9.05 C. Light IN) 0.9 0.53 200 1 95

Electric 2.80 23.10 250 Telephivas « 1720 sur-

Telephone

..... 10.10 Rope........ 10.00 STORES, ETC.

ALTY ....... 10.90 Watson

Lune

Crawford

+

RECORD HIGH

Nov. 18 Doc. 1

Dec.

17

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN

Electric power production was

faster planes the highest since last December:eaches over to the regional air- 1000 17.30 227,752,925,000 kilowatt hours lines in Africa. The last "Junkers against 7,000,243,000 the pre-52" was discarded recently 011 and vious week and 7,310,019,000 athe French African Lincs, 200 18.10 year ago.

thr even, big DC-4% now fly Money in circulation was at a smaller lines linking the main

French 200 or 10.40 record high, showing that con- towns in

West and 23.10.25sumers and business alike were trick Africa. The British

sponding. Business kan hit a West African Airways have just Pedder Building. new peak for the sixth week in celved the first Marathons,

fours-engined' highwing. a-row-Indicating expansion small plans were going forward and specially suited for fights in planes teating 10, stocks were being built up. tropical regions. Another British Motorcar production was plane, the "Heroa", Is being

a bit from the previous bought by week. The car makers rolled 140,764 units off the assembly lines.compared with 156,027 the

30.30

"Ewo Horvat.-2.20-2.30 -

MISCELLANEOUS Yangiste....

terms.

The mission said that, I lind suggested that alternate methods of in procurement should be developed, but these suggestions were countered by Malayan mining, smelter-and-Govern, CAS ment representatives who said the Singapore market should be given a fair trial, as an exclu- sive method of procurement from Malays belcre the alternatives were discussed.

mission pressed point that the Singapore market might DC unacceptable in but the Malayan

The

be

the

~presions maintained their

the report sald. position."

The mission suggested the following principles when it alternate methods recommended

of pr

WILLING

1. A basle terms contract for a substantial quantity at a fixed price, subject only to price in- dex escalation.

2. The delivery of tin cither as a metal through a dell agree- ment with Malayan smelter's or ns- concentrates.

3.

Master

contracts with large mine producers should he available

to any other pro

how snall, ducers, no matter who might choose to subscribe. 4. Concurrence of the govern- ments Involved would bo ac- ceptable necesary.

LONDON TIN MARKET

London, Nov. 10. The tin market was steady. Turnover w35 tons: Prices the offelal follows:-

closed at the end

morning session as Spot tin. buyers Spat ti sellers Business done ut

buyers Turve-inonis in, Three-months in, saliera Business done at

Settlement

United Press.

down

previous week and 117,343 a

year ago.

passenger

"Union Acro- Maritime Des Transporis" for its

alson services inside Atrica.

PORTUGUESE PLANS

The Portuguese, who have Labour and material shortages long flown their Imperial Lines reasons for with old DC-39, are awakening. were giver as the the lessened production.

A new company The steel mills continued their with the participation of Angola, is being formed 7 record output. The American Sno-Tome and Mozambique,

Steet

Institute nil Iron

which will the local Arms

merge would produce and will charler DC-os unil 12,198,000 tons of ingots and companies switching over to more

and

910 esilmated they

Rubber Futures

In S'pore

Singipere, Nov. 10. Prices of rubber futures closed today as follows:-

Number 1 rubber, per ib.

December

January

February

7015-16 78-7814

Number 2 rubber, December 7334-9%

Number 3 rubber, December

Number 4 rubber, Picernber

no

Spot rubber, unbaled

Blanket crępo

No. 3 pale crop

102-107

Unlied Pre

The report commented:

"Al- though the Malayan representa- tives admitted the feasibility of the mission's suggestions, willingness to permit the pro- posals to

de. conclusive veloped."

The report

sald Malayan The

technology appeared

he

cant

of

U.S. Money In Circulation

htt

no

& CO.

Tel. Nos, 86066-9, ·

Dates and rotation subject to change without notice. Arthasty to proceed in other posts to load/discharge cargo.

Amery's Plan For

Sterling

London, Nov. 10.

FORMOSAN RICE CROP

A RECORD

Talpel, Nov. 10. Formosan rice production reach

A Conservative Member of this year is expected to Parliament, Mr Juliàn Amery,

has put forward a plan to offer highest

1,000,000 metric tons, the the Commonwealth countries a

ever reached on this island, according 10 reports of control in greater measure

published today. management of Sterling. one way of doing this would

the

The second bumber crop of bo to divide the Bank of Eng-the year is already being har land into two", he suggested invested. an article in the November

The Food Minister, Mr R. c. fasue of the National Review L, made this assurance as he departments which saw po big rainstorm during Farve as the Central Bank of the next fortnight of the har the

vesting season.

*"Those

United

form one unit directly linked

the

He was not worrying about typhoons or seasonal, storms any more for this year as tropical blasts will be over by November 20.

and

057 casting this work and would modern planes sell them definite-

operate at 105.7 par

ty to the Portuguese. rated capacity

The new rush towards attle under the re-modernisation is due to the fact That is vised figures for the previousN

that the African settler, bus Eccord week, which showed a

nezaman or administrator, high output of 2,229,000 tons

dinally made up his mind with the milis operating at 107.3 longer to remain the poor reld of rated capacity tion of the air passengers. Com per cent Associated Press.

parle have long considered

Kingdom him as the "easy customer" be- cause ho had to fly anyway In to

other a continent

Treasury. The where trains ara

Area sould roads

form a Sterling rare, und

bad non-

PF

reserve bank. existent. Colonial servants also

"Political control made up a big percentage

over this

The rice production last year the yearly passenger total and reserve bank might be exercised had no choice but to ride the by a committee composed of the was quoted by the

reports as Findnco Ministers of planes available. The "Comet

the being 1,480,000 metric

Lons, has changed all that and not to Sterling Aren countries", Me that to be expected by the No- Washington, Nov, 10,

tionalist Government for the Money in circulation increased lose passengers every company Amery sald.

will The Ministers might meet next year

be 1,700,000 week has elther to slash prices or buy the $29,000,000 during

quarterly, while their Deputies metric If there would be

etric tons, While the Reserve Board reported.

smaller carriers could form a permanent body no problem of fertilisers and Following is the text of the have chosen the first niler for day-to-day supervision, he major natural catastrophies.

The highest load farms in nativo, the big companies hid | Fuggested Router

Formosa the week ended to follow

could carry under the present:conditions was ́exld to 'be 1,800,000 meirie tons, which, 21.30 serves decreased $330,000,000.

NEW Things have now developed to

the Nationalists are planning to principal changes reducing a point where most big or even The

grow in 1634,--Neuter," reserves were a decropso. Of mcdiuin towns in Africa aro $302,000,000 In reserve bank

air from the rouched by morgy in circulation, as quickly as a New Yorker or 100, pricipal setting charges is His week- were decreases of $30,000,000 in and cottage by rail or road Treasury deposits with Federal Associated Press. Reserve Banks and $29,000,000

be thoroughly modern, vu-Exchange Rates ended October 28, the Federal better plants.

Business, was done in the Toel of undificial

market this exchange

From the United States placer practice only because

Papuring of crences in the product, acture to do (Berhowing rates-ngo Brus datement

U.S. dollar **** of the deposits and availability sterling 30 gulders (per 100) 1:50

10.2 October 20, member bank re- British. of very cheap labour and other steals (per 100) factors.

Singapore (Etraits) The only technical possibility FIC placires (per 100) for substantially increased out-

19.23 18.03

Lend

of the

to put seems to lie in the devising JAPANESE BONDS credit and an increase of $20,- European capitals or New York

Republic's curnings The $120,000,000 lost by the big six would have been even from 430,220.256 to $21,420,148, Jones and laws, down $17,000,108. larger except that tax

Steel Corp., the income last Laughlin which reduced year, worked in the reverse fourth largest producer, drop- Virection in 1952 and allowed ped from $23,037,000

Profits of Inland of a method for recovering very the companies to increase third $5,411,000.

Stoel declined $0,122,275 from Ano: Un now being discharged. quarter earning úgures.

$25,201,040. National Steel in the slime tallings," the report Corp. sold its Income sagged: aid.-Reuter, $11,090,189 from $34,479,190.

Last year the steel companies had to make large deductions from profits to meet an increase

After the strike, steel' plant In the Federal income tax

Federal operations regained speed lawa. But this year,

tax are now humming along at taxes on income reflect credits resulting from unused more than 100 per cent of the excess profit tax exemptions.

and

America Has Most

Of World's Cars

ne

Now, York, Nov. 10.

reports

say:

per

*(55.

London, Nov, 10. Japanese

bonds "A" (48. of 1809) 85

"B" (45. of 1910) 72%

of 1997) 184 (Os of 1834) 10114 “E"! (86k of 1930) 147

.00% --United Press.

Consols

000,000

in foreign deposits with Reservo

Вили

The dedrem

ith Federal

OR $202,000,000 resulted

in

reserve bank credit

of $305,000,000 from decreases of Industry capacities at which they were Americans now own 70

Innoat and 389,000,000 in U. 6. rated last Janúdry"-

Copra Quotation government securities and an Tho tux situation had 1 Steelworkers, who may have cent of all passenger motorcars

New York, Nov. 10. Increase of $41,000,000 In loans, Vramatic effect, on carnlage of lost as much as $750,000,000 in on roads of the world. Of

Copra was quoted today at discounts and advances, Hold US Steel Corp., producer of wages during the strike, are 60.600,000 cate registered, 40.00

asked. Inge of U. S government secure ene-third of the nation's steel. now earning an average of million roam the United States. $210 per short ton, Because of the tax credit, Big $2.14 an hour, Including over Americans also own over half Cocoanut oil was quoted at ties reflected a decrease of $80,- a pound, asked,000,000 in bills, Associated Steel earned $30,405,472 in the time and other premium pay. The 18,600,000 motor trucks on 10 centa

Presa. third quarter of 1952, compared-Associated Press,,

carllAssociated Press.

United Press.

VESSEL New York, Nov. 10. American representatives eald the Swedish-American Line will

resume its pre-war cruise busi- ness next Autumin when construction of is now flagship Kungsholm is completed.

The new vessel, a

WEB gross ton ship,

23,000 launched

BRITAIN DOING BETTER JOB

New York, Nov. 10. British and European Ino- and, desiers. "ADO doing a better merchandising Uner. 000 feet job than their American coun-

Request By Porsia recently at the De Chelde Ship Jeum mills

Flushing, Holland. The

Teheran, Nov, 10.

yards,

and with a 77-foot beam, is terparts, President, F. J.: Andry

fran ankext the United States designed to look like large of Colgelour-Nairn, Inc., one of two months ago to lower the private yacht... It is expected to the largest manufacturers in the import duty on Persian carpets have a speed of about 10 knots, United States, gaid on his re put has got received any rebly, One-class service will bo the Foralen Minister, Hossein featured on cruises, and two from a trip to Europe.

"Mr Andre- „sold, linoleum.

a greater variety Falemi, sold today. The carpet.class accommodations for trans-used in trade is in chief Item In Iran's Atlantic crossings.Associated rooms”, sbroad - than in

Press. economyAssociated Press.

country-Associated Press.

this