1952-12-09 — Page 9

*

THE CHINA MAIL, TUESDAY, DECEMBER 9, 1952.

MESSAGERIES MARITIMES Cotton

MOM

"FRY-VILL"

+"PEI HD"

**LA' MARSEILLAISE”

+"MONKAY"

"BREST" ...

Kreting

Leaving

· Jan. 20 Jan. 24

Dec. 11 Dec. 12 Dec. 15 Dec. 16

Jan. JAR 4

4 ...Fcb..

Feb. 10

• For passenger and freight.

Outward Wor

Japan

Homeward for

N. Africa & kurope Mariškios via AÏADlis N. Africa à Europe

N. Atries Europe

.

For freight to Saigon, Marseilles, Algiers, Tangler, Casablanca, Havro, Dunkirk, Antwerp & Rotterdam.

Accepting cargo:

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

Babject To Change Without Notice.

CIE DES MESSACERIES MARITIMES

P.O. Box 53, Hongkong.

Queen's Building" (gr. floor)

EVERETT

Tel. 20051 (3 lines).

E

LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya,. Rangoon, Calcutta and Chittagong.

"REBEVERETT"

Arrives Sails

Der. 11 from Manila, Dec. 12 for Singapore,

Rangoon &

"LENEVERETT"

Arrives

. Sails.

Penang, Calcutta.

Dec. 17 from Singapore. Dec. 18 Kobe, Hirohatu, Yawata,

Osaica, Kobe & Nagoya.

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

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports. M.S. "STAR-ARCTURUS”--

Arrives Salis

Dec. 11. from Singapore.

Dec. 12 for Yawala, Hirohata, Kobe, Osako, Nagoya & Yokohama,

M. S. "THAI"

Arrives Sails

Dec. 20 from Japan.

Dec. 21 for Singapore, Port Swelten- hum, Madras, Colombo,

• Bombay, Karnelii. Khorram- shahr, Pasrah & Bahrein,

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

EVERETT STEAMSHIP CORPORATION 5/A Queen's Building, Telophone 31206. Chinese Department: Telephone 28293.

Tin Output U.S. STEEL

Decreases

The Hague, Dec. 8.

CAPACITY

Red China's New

Trade

Pact

Tokyo, Deo, 8.

Ben China arid" Bulgaria signed a trade 'sererment for 1053 In Peking. last Wednesday, Peking Radio sald today.

The broadcast said trade will be increased between th

on

the

he two Communist nations by 70 per ocat over 1982 under the new pact, but did not give thy Genres amount.

According

Red to the radio, China will ship metals and cottou to Bul- Karta for electrie sp- pliances and chemical Product-Associated

Press.

JAPAN SHORT OF CAPITAL

Toronto, Dec. 8.

Industry In Britain: Hopes Of Recovery Before The Spring

(By Norman Crump)

London.

During the early part of last week I was in Manchester, and I discussed the recent set-back in the cotton industry and the subsequent recovery.

I returned to London with very definite hopes. To sum up the outlook, there is a prospect that by next Spring there will be a shortage of yarn.

The broad picture of recent events may be sum- marised in the following way.

The set-back in the textile trades, which began in the middle of 1951. was due to a world-wide increase in produc- tion, which naturally led to a contraction in our exports.

the

ting. our compolitors will also start cutting.) In the short run, the best (or worst) cutter will get the business, but in the long run" everyone will go bankrupt.-

we

must

What

do in to guarantee to give a market a certain volume of goods at a That "non exploitation!! price.

Last May our exports of cot- ton piece-goods were only two- thirds of their 1949 monthly average. Simultaneously there WAS

in home is 'the way of sense. contraction buying,

in the which began

Our producers, merchants and middle of 1001.

not muist

feel The cotton industry, however, Exporters! Mr Sadae Iguchi, Japan's was the last of the textile in- frightened by the recent world new Ambassador to Canada,dustries to feel the drought. Its ver-production and consequent at a panic. today appealed for Western recession began at the end of recession. They must sell at a

1051, and was neute between fair price, but not Investment in Japan and February and

August of this price. for a chance for Japanese | year, goods in Western markets.

Continuing the picture, at the worst of the set-back, trade was only 40 to 45 per cent of the level representing a "busy year's"

Contrary to the general belief, he said, much of his country's industry was now ruled by high-production. cost production.

A RECOVERY Singo August, however, this gure has recovered to just over 180 per cent,

BUYING SYSTEM

To

What further. reorganisation does the Industry need? some extent, this is a matter of controversy, in which I am not qualified lo intervene.

HONGKONG

SHARE

MARKET

(From Our Correspondent)

*

Page

ROYAL INTEROCEAN LINES

"TEGELBERG"

"STRAAT BOENDA" Dec: 10 “TJEPANAS

-TJITJALENGKA” "TFILUWAB”! -

JIMENTENG" "TAMBIAN"!! "BOĦERVAIN"

"TJIWANG1′′

“TJIBODAS”.

YAN HEUTEZ"

"TABMAN"

Dec. 12

Dec. Dec.

*Dec. 43

Dec.

Dre.

Dee.

Jan

JAA.

AILINGS

To

DJakarta," Chesilon, 'Bergarang. 25-(@orabain & Biversary

Blanila,- 3 Ingapore';

Mauritius,

Africa America

BigKapore, #. Atrien E. Altiu

Palembang. Chertben, Jakarta,

Semarang, Buzahala & Maenspr „Manila, Japan

Singapore, Diskarte, -Bemarang, *** Burebala & Machasa? Japan

Гарад

Kæder

JAKKA

Singapore, Djakarta, Semarang. De Burganisa •d Biscariar Djakarta" ́ Semarang, Borabala

#

Djakarta,

Disuritius, S. Africa & 8. Amortes Singapore, Penang, Delawan Dell,

E.. Africă

Singapore, Paning de Bolawan peli

Singapore. Djakarta,

30 Kuresale & Micatiar 128 Djakarta - Semarang, Barabaix

Djakarta, Bemarana

Harabala "Macamar

zianità,75 5 1 mgapore.

Jan 10

Jan. 15

"IJILUWAI!"

10

"TJIPONDOK"

Jan.

Macassar

**TJIHANT JET

Jan.

Зарад

"THWANUF

Singapore,

Feb,

Украд

MAKABIAR"

Feb.

Japán

Fab.

Tab. 10

Fab. Feb. 13

Feb. Mor.

"TASMAN Business dong" on the Stock | “STRAAT Exchange this morning amount».

ed to $200,902.20. Noun quola- "TJITJALENGKA

ions. and the morning'sJIKAMPEK" trammactions:-

... 1430

“TJILUWAH"

“TJUMENTENGIS

J' 1440 **TJJBANTJET"

BARES BUYERS SELLERS BALES, BANKS C

IK Bank Eat Ana INSURANC Canton Unfor

Underwriter HK Fire SHIPPING

Waterboat DOCKS, ETC.

K. Wharf

145

... 22:

91 DIA

20.70

N. Pt. Wharf 0.40 Dock

Provident Wherlock Wheelock

(1) LAND, ETC. HK Hotel HK Land (0) HK Land (N) Humphrey UTILITIES

Tram

Star Ferry

12.80 13

-832

£3.70

"TABMAN" "TIIWANGr

"ÉCISSEVAIN"

*TJIKAMPEK"

Bemarang.

Mauritius

Blogapore, Djakurin,

8. Africa & S. America

Djakazia, Semarang, Surabala

·Macassar

Bingepate Djakarta. Bamarane. adurabala & Biacaszar

Manila, Singapore, E. & 6. Africa Djakarta," Bemarang.

Macesar

Burabala &

Bingapore, Penang & Belawan Deli Djakarta, Semarang,

Surabala a ̃žis Chisar

Manlia, Kingapore, Djakarta,

Maurting,

Africa

8. America

From

ARRIVALS

In Port

Japan Japan

~Djakarta ** Mingapoła

300-32

**TEGELBERG"

In Port

**TJIPAÑAS" -

500 13

"THLUWARN

DEC. 10 Doc. 12

Japan

Macazar, Sarabala,

Bemarang,

6. 8.20 8000

Dec

14.

8. Ambriça, 8. Africa, Maurlífus &

Bingapore

800 13.00

62

"TJTJALENGKA"

22.30 22.50 500 22.50 KING'S BUILDING, Ground Floor" TEL. 28015/18.

170

11.20

100 21.00

500 15 CHINESE AGENTS: 83 CONNAUGIFT RD, C. TELS. 31190, 2313),

C. Light (0) 0.40 0.60 C. Light (N) 0.20 0.30 200`0.20 Elecrie 23.60:23.00 MOCIO Elec. Tolephone

3500 ..17.70

17.00 Tel. (Rs.) 3.00 1763 $ 3.00

1850 3.65

M: Iguchi is the first Am- bassador his country has sent to Canada.

INDUSTRIALS Before the war envoys were Ministers.

her

In October 1951, cotton single yarn production averaged 18- 100,000 lb. a week.

Last July

In a speech prepared for deli- very at the Canadian Club, here. Mr Iguchi declared that unless they could find outlets for their trade abroad, the Japanese people would face a much lower stand-holidays. ard of living.

He affirmed the intention of his people to live in peace and to deal honourably with other nations, but he said the other nations must play their part:

With too many people, too little land, and too few natural resources, Japan WRE faced

it was as low as 8,200,000 lb., although production may then have been affected by the

By October, according to a Agure which may not be strictly with those Just comparable quoted it had recovered to nearly 17 million 1b.

Meanwhile, unemployment in the textile and clothing in dustries

rose from 17,100 Tin September, 1951, to 100,700 in

But one or two broad points remain. Since the war and'up to the recent set-back the industry made enough-money to finance quite a lot of re-equip- ment.

It could do more, if machinery were cheaper and taxation wore lower.

Today's system of buying raw cotton, partly through the Raw Cotton Commission and partly through private channels, must be wrong, and I expect to see a change-over to private further channels, wit the nexorable- disappearance of the Raw Cotton Commission. For the rest, the out its own salvation, and I am sure that it will do so.

Cemnant Rope

10:20 1000 → 10.10

21

STORES, ETC.

Dalry ...... 10.30-15.00 1000 † 19.40 Wation COTTONS

212

LONDON TIN MARKET

London, Dec. 8. The tin market was steady this morning. Turnover, was 75 Prices dosed at the end of the official morning session. follows**

with an ever-growing need for May, 1952. By last September industry-la-capable of working tons, ficluding 60 tons for cash.

expanding overseas sources of food and raw materials, he de- clared.

NEEDS CAPITAL

Japan locked forward to using her industrial resources to "contribute immeasurably to the economic prosperity of the Pacific, particularly that of her neighbour nations in Southeast Asia," But

she needs capital because her Industry needs modernising,

he

added.

In her enormous dependence on foreign irade Japan way looking for treaties and agree ments that would allow ex- pansion in this fold, for lower ing of tariffa and controls and other barriers and for signs that Western dountries would cncourage the

entry of more Japanese goods, he said.

Tho

question of whether, tho Japanase people could im prove their lot could only be

the answered. by

Western

it had fallen back to 78,000.

LOW STOCKS

Immediately after the set-back In the cotton industry begin, those in the industry had to their taxes-assessed, course, on the earnings of a relatively good year.

The

phy

is

of

Dried Fruit

Purchases By Britain

Spot tin, buyers

па

MAERSK LINE

FAST, FORTNIGHTLY, SERVICE TO:

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

NEXT SAILINGS

M.S. "GRETE MAERSK *M.S. "JEPPESEN MAERSK"

M.S. "OLGA MAERSK

* CALLING

VANCOUVER

ARRIVALS FROM U.S.A.

Spot Un, seliers:

Businças done al

851-954

Three-months tin, buyers parte-montha tin, softers Bustness done 'at Bettlement

945

950

M.S.

“OLGA MAERSK”

M.S.

Rubber Futures

In S'pore

1 result was general liquidation of stocks, through out the whole of the trade.

These stocks have not yet been replaced, and the industry as a from spinner to merchant, dition than

teddy in D

mora 'liquid con-

London, Dec. 8. it has ever been. Britain will buy the surplus Nor will there be the same tax of

Singapore, Dec. & the Australian dried fruit abilities next January his there crop (siltand, ralsins autPrices of rubber futures closed- were ten months ago. The in-currants) for 1953, the Food Humber 1 rubb pact of the set-back will in six Ministry announced today. weeks time be felt by the Exchequer.

Shipments are expcoted to be

At the moment sales are still 40,000 tons-10,000 tons more ng low as they can be. This is than last year--but prices will

rue of both the home and ex-be- lower. port

ort trades.

But there always comes a time when people must buy, and with stocks also unprecedentedly low, that time cannot be far off. In constructive

live fact the Autumn recovery in advance.

its

Japan' had part to

to play in the ment of economic well-being in

0

Pittsburgh, Dee J. America has increased World production of tin con- centrates in September was 127,-steel-making capacity more than 000 long tons, a drop of 1,000 30,000,000 tons since 1941. tons from the August total, the The United States began World International Tin Study Group War II with a total capacity of

the

tons of raw steel from

currants

Britain and Australia,hove on Ros a longton, greed

for sultanas right on board, and raising and £77 10s, Od. for

with

a premium for a limited quantity of the

:best is suggests that it *****

grude. and there is no The Ministry said it was too the Facila Japan's Industries need for the industry to recoves early to forecast accurately the technicians were well all its lost trade for it to become size of the crop but prospects very busy. This is the basis of were encouraging. The crop had equipped to join, with the Nations in building up the there may be 'a shortage of yarn. living standards of "thy, people in that area-Beuter.

and

announced last night. (A long kinds of steel-making Commonwealth and the United the forecast that by next Spring yet to be harvested.-

ton is 2,240 pounds).

The drop was attributed to decreased production in the three mala producing countries-

and Bolivia, Mulaya, Indonesia

The Belgian Cengo's production increased slightly.

furnaces.

11

Today this country has whopping 110,000,000 tons of capacity.

the

CB11

STILL LAGGING

HOME TRADE

Looking Arst at home trade, It has only to rise to its pre-war level for it to absorb almost all of today's production.

Shipments would not begin to arrive in Britain before June 1953.

were

Last year's prices £98 10. Od. a long ton 1.0,b. for sultanas and raisine'and £80 for currants-Beutr

Against this there has been the New York Sugar

And even more is just around

London, Dec. 8. corner. Present and future expansion

Japanese efforts to stimulate World production of tin metal projects will rise total capacity trade with Southeast Asia are to an Increased sharply from 13,000 to an estimated 120,000,000 tons still lagging, according

article in today's tons in August to 14,000 in in 1953.

Financial September. The 'jump Was The huge amount of steel Times, Bargely due to the production of which ba produced - de-

The paper's Tokyo correspon- 2,450 tons ot a Texas City monstrates steel company execli-dent listed the following as the

|tives' confidence smelter.

that demand

main

factors hampering and will 'hold'un as people find more delaying the Japanese drive for World slocks of tin, which and more ways to use steel. trade in that area:

a The were 117,300 tons at the end of A lot of steel now is going to (D) anti-Japanese feel-food and July, declined to 112,200 tons at defence probably 15 per cent in Ing. the end of August. On the latter direct defence orders, plus more (2) The growing threat of date U.S. stocks were 40,348 tons, in indirect orders such as parts Indian competition with Japan Britain's 3,300 tons, and Malaya's for tanks or planes. No one can (3) British opposition, based 0,000.

say I

If defence, needs will be on. the conviction that the greater or smaller In future markets now. In the British ephere will tend to dip to Japan.

.

Our population a year ago was over 50 million, against 4 pre- war population of -47%

4734 million. development in the isses of newer materials such as rayon often mixed with cotton. There is also the rise in the cost of food and other things even more stul, essential than clothing.

all these diverse allowing for factors, the home cotton con- sumption should not diverge greatly from its pre-war Jevel,

What about export, prospects?

the First and foremost there t Foreign countries, rebuilding

growth in overseas competition, war-torn steel mikis, are taking (4) Bandit rule" and "all-notably from India, Pakistan end

Japan. This

admittedly,

I be more steel than they will later. ncale war But the growing population and The article said that there coming formidable.

On the other hand, wages and the new markela constantly being was a rich harvest for Japan in other production costs are rising found are cited to justify the Southeast Asia.

all over the world.. steel industry expansion,

The September.crnaumption of tin was estimated at 10,100 tona, į years, compared with 9,900 in August. -Associated Press,

Sugar Plant

Ryukyus

In

Naha, Dec. 8.

During 1953, steel mills added almost 7.250,000 tons of capacity, most of it the Mid-West and

in

new

..

"But the nowing is not com-oday

but being dogmatis, "my:

plete and still hazardous and tion is that the gap between our, fruitful renging secina à remote higher, costs and those of other and distant

Prospect

it add nations in less today thors it was ed-Rcutor,

20 or 30 years agotadel

EKPORT ADIS...

Futures

Un-

New York, Dec. 8. Worldsugar-futures-closed unchanged to 6 points lower with sales totalling 31 contracts. Contract No. 6 Blosed. changed to 4 points Higher with sales totalling 888 contracts.

Contract No. 4 (world)

** 51.30 nominal Fanuary March May... July fioptember October 20 January

Contract No. U January 34 Arch MAY July September November

3,83 Mid

LDS KONČAR

448 nominali

5.35 hid

6.67 nominaį

United Press.

The largestcentrifugal gugat Capacity will jump early in plant over established in the 1933 when the huge Fariass Ryukyu Islands is ready to works of United States Steel Begin operations, 12 months Corp gets into full swing at London Silver Down This does not mean that export

markets are easy to win or JARANESE BONDS arorn Hawal praat aurived the tow plants will be able to from

London, Dẹc. B. rotain. On the contrary, we Bliver prices InLondon must fight for them, and The 750-ton plant-60-2/8 per moke 1.2 million four year.

The gent Ryukyun-owned end with

An end reports today. Lancashire is tudny maling name Japanes

-bonds ""A" more than 50% per opt of the blast furnaces added callion Beth the spot and forward rates plons to do so: The objective is alock bold by Ryukyun cane fans and raised the anglor's total were, quood of 711⁄2d serine 24 pick the right discer

about punce, compared with the then Ro nhà thờ gi

led areas 70,000,000 tons a year,

und ther 4,000,000 tons. Adrociat

New York RIO pemelupa

und

80 Descent--Associated Press, ed. Press,

United Pre

the right,

to

Feut

rubber,

per fb. January

February March

Number 2. rubber.....

January

Number 3 rubber,

January.

Number rubber,

January

Spot rubber, unbaled Blanket crepe

No. 1 pale crepe

9016-0416

-567% - 89%

8512+1

0312-0

81 83 111-114

-United Press.

Exchange Rates

Business was done in the local unofficial exchange market this morning at the following rates:- 1.3. dollar (Der sty Sterling' note iper ell Indonesian gullifers (per 100) Slam' ticals (per 100). STIgapore (Stralis) FC plastres (per 100)

15.68

HULDA MAERSK

M.S. "PETER MAERSK"

Dec. 18

Jan. 2

Jan. 18

Dec. 18 Jan:

Jan. 14

For Freight and Further Particulars please apply to:

AGENTS:

JEBSEN & CO.

Pedder Building,

Tel. Nos. 86066-9.

Deter and rotation, subject to change without notics. 15 Uperty to proceed "via"other, ports to`load/discharge carga.

BUSINESS REGULATION

ORDINANCE 1952

Copies of the prescribed Forms 1(a) 1(b) and 1(c)

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

TEN CENTS EACH

NORTHWEST

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