1953-01-15 — Page 9

Page

THE

THE CHINA MAIL, THURSDAY, JANUARY, 15, 1953.

MESSAGERIES MARITIMES || Revised Trade

M

Arriving

Leaving

******-dan. 20

Jan. 29

Feb. 23

"FRY-HILL.”

"LA MARSEILLAISE” . Feb. 21

Feb. .Mar.

旮

Feb. 10

Mint.

*

MAE- *

"REST"

"FRY HILL”

For passenger and freight.

**LA MARSEILLAISE”, Mar.

•

M

Outward for

Japa

Tokohama & Kobe

Homeward For

N. Africa a Europe N, Antler & Europe Marseilles is Manila *

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

Accepting cargo:

--via Marseliles to all Mediterranean & West Africa Poris.

-via Djibouti to Madagascar,

Subject To Change Without Natics.

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Tel. 26051 (8 lines).

Queen's Building (gr. floor)

EVERETT

LINES

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

"LENEVERETT"

Arrives

Sailo

Jan, 18 from Manila. for Jan, 19

"BRADEVERETT"

Arrives Sails

Penang,

Singapore, Rangoon & Calcutta.

Jan. 30 from Manila

Jun. 31 for Singapore,

Rangoon & Calculta,

Ponang,

(Accepting eargo for transhipment Kobe/Fusan and Hobe/Okinawa)

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger Bervice to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.

"STAR ALCYONE“

Arrives Sails

Arrives Salls

Jan. 23 from Singapore. Jan. 24 for Kobe & Yokohama,

M.S. "STAR BETELGEUSE”

Jan. 24 from Japan, Jan. 25 for Singapore, Port Swetten- hom. Madras, Calambo, Bombay, Karachi, Kharram. & Bahrein, shahr, Basrah

(Accepting cargo for transhipament

Kobe/Puran and Kabe/Okinawa)

· EVERETT · STEAMSHIP CORPORATION S/A

"Queen's Building, Telephone 31206. Chlacte Department: Telephone 28293.

The Rubber

Markets

Singapore, Jan. 14.

Prices of rubber futurca closed as follows:-

Number 1 rubber, per. lb.

February

84-8574 March April Number 2 rubber, February 79-00 Number rubber, February 2015-77 Number rubber, February 73-131

84-341 Spot rubber, undated

-73 Biankot treDO

No. 1 pale crepe

Ünited Press. NEW YORK RUBBER

New York, Jan. 14. Prices of rubber futures closed today 15 to 30 points lower with sales totalling 70 contracts, Spot a slow situn- dealers reported

tion dominated mostly by intra- dealer operations, while factory buyers continued hesitant.

Match

May

July

Heptember

December March

20.33

27.00

27.49

20.40 nominat

20.40 nominal 29,00 United Press.

LONDON MARKET

London, Jan. 14.

Prices of rubber futures closed

today as follows.

Number rubber

in pence per 1. February

March

April/Jupe

July/Beptember

241)

United Press.

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning amount- ed to $553,550.50. Noon quota- tions and the morning's trans- actions:-

BANKS

BHARES BUYERS SELLERS, SALES

HK Bank.......... 1405. INSURANCES

Unloa

790 000 Underwriters 012 SHIPPING

Waterbost Waterboat

Вотили

Asla Nav... DOCKS, ETC.

H

H. Wharf ... Dock ******* Provident S'hai Dock Wheelock Wheelock (RTK)

LAND, ETC.

HK Hotel:

Pact Asked

Manila, Jan, 14.

An urgent recommends. tion that President Quirino

to Washington im mediately to get a new trade treaty to replace the. "oncrous" Philippine Trade Act of 1940 was embodied In the final report of the 15-m commilice -ap- pointed by the President Last year to study a rovi-, sion of the Trade Act.

The report pointed out that tariff dulles will be imposed on Philippine ex- port products entering the United States starting on July 1, 1954 and "ilme is of the essence for the Philippine economy",

The proposed rovision would limit. dio valdė, kind and quantity of selected goods to be exported both

would Wayn which

be duty-free-france-Presse,

Bright Prospects

In America

Prospects For British Exports During 1953

Hopes For A Brighter

Year

London.

Export prospects for this year are referred to by Sir Patrick Hannon, president of the National Union of. Manufacturers, in a New Year message appearing in the current issue of "The British Manufac- turer."

Sir Patrick states that productive efficiency and competitive power last year were handicapped by various problems affecting the country's national economy.

Amongst these were balance of payments crises, collapse of the "sellera" market," stringent restrictions placed on capital and credit, and reduction in exports.

To these factors he added mineral riches a great opportu- "the imposition of an unpro nity for Dutch Investments,"

Levy, but, he added, "both dictable Excess Profits.

Germany with cumulative effect upon and France have already start-

phase of SVCEY

Industrialed and shown great initiative On this, however, vitality.

in there countries, and Dutch Patrick observes that industry business men should not walt has welcomed the scaling-down too long.....There is great op of EPL from its original figure portunity for the establishment by £25,000,000; a

Sir

which resulted from RSS of Dutch banks in these four

Treasury by co-operation of industrial opinion, in which the

pressure on

on the the vigorous

New York, Jan. 14. The American textile industry

The National Union, in one of its best post-

its may have

various approaches to Mr R. war years in 1953, the Journal

A Butler, Chancellor of

the of Commerce said.

Exchequer, has had a reception. In te natural an- xiety to develop the business

of the

medium-sized and scope of smaller manufacturers of tha country, the union has urged the Chancellor to expedite measures of relief,

The best that this approach was able to secure was a sympathetic but unbending attitude," such being due to the Chancellor's whelming task. to economic stability.

"At no time since 1947, when the mills were still riding the crest of a shortage inspired boom, have the

seemed prospects brighter, the business paper's texule editor, Douglas Pidgeon, said.

He

"The Inventory udded: situation at all levels is better adjusted than it has been since before World War II. Since that time and unill very recently it has been feout or famine, Stocks were either bulging or scarce, Now they are workable in most cases

"One of the most favourable factors operating in the market how the change in attitude on the part of textile buyers und

elec manufacturers since the

toll.

"The fact that the new Presi- dent has surrounded himself with who have spent most of their lives dealing with the hard

men

over- restore

countries,

STEADY INCREASE Statistics issued by the Or-

and

Russia's New Textile Plants

These

National Union of Manufac-ganisation for European Econo

mic Co-operation. Indicate that turers took part.

United Kingdom has been the

Moscow, Jan. 14. replaced by Western Germany

The Soviet Government is as Europe's largest exporter of mixed

goods 10 Central

America,

building six new giant tex- Whilst most of the member

When com→ nations of OMEX saw their ex- tile plants,

last pleted in a few years' time area decrease ports to that area year, Western Germany had a these milis will produce constant increase in her tratie over 1,000,000,000 metres particularly with Mexico Cuba ped twice

For instance, she ship- per annum of the highest 6s much cargo in grades of cotton fabrica, October as she did in January. The only other European coun- try which increased exports to the Central América during year was Switzerland, watches being

main exports in the lotter

onths of the year. Nearly all the OEEC

The completion will incre.se tries imparted less during the

the degree of dispersal of the year from Central America, es-

cotton textile industry of the pecially France. In January

USSR and will bring the Central French imports from Amerien totalled $10,400,000. In. industry closer to sources of raw *** material and 10 ITeS and $1,000,000, the main

plants are located as import being sugar. As a re-

follows: sult of the general decline of

The largest of the projecta is imports into Europe from this

In the lower Volga City of Lain American area the DEEC

Kamyshin not for from Stalingrad. It will produce up to 1,000,000 metres daily. Some

to

COURAGE AND SKILL Sir Patrick pays tribute the courage and skill of Mr Butler in his task of recon- structing the national economy, "This bul states,

process of stabilisation and reconstruction

coun-

to

construction projects have been given a high priority In the present five-year plan and special administration has been established to supervis and manage their building.

Ü

has been necessarily slow, and October they had declining developing markets.

meantime the burden upon in- dustry has not lessened in in- tensity. There are signs that a futuro for Industry is Mr

facts of business has given con brighter over the review i nallons, for the first time since sta

There

had

Builer has promised future exp

the war, como closer balancing this sector

of'

to

Page-0 ¥

ROYAL INTEROCEAN LINES

TASHANDAN “TJILUWAR"..

"ZAMMAN" "D019REVAIN" *STRAAT

SAILINGS

21%

is Hisgapore, Penang & Delawan Dell

12

Singapore,

Djakarta. furabala & MIRCHISAT

Bingapore,

SPRATADE,

jakarta. Mauritias,

8. Africa & H. America

[Jakúrin

Bemarang, Nurabala

MACANKAT

"span

*

jakarta. Seinatang.

Surabala & hincasar

Singapore.

“TJTJALENGKA", JAN.

"TJIPONDOK?

Jun, 23

"THBANTJET

JAN. 23

"IJWANGE"

Feb.

Singapore.

Feb

Feb. 5

Japan Japan

МАКЛЯЧАП"

Feb..

"TJIKAMPEK"

"TJIMENTENO"

Feb.

17

"BOIRREVAIN"

"THDANTJET'

"ZABÍAN**

TJIWANGI"

Feb.

Feb, 21

Teh. 25

"STRAAT BOENDA" Mar. "TIUODAS"

"TJILUWAN" *

SEAT.

Mar. I

*THIBÁDANE"

Mar. Mat.

Mar.

**TASMAN" "BTRAAT

МАКЛЕВАД

*TJIKONDDE” ·

*TJIWANGITM**

"TJIPANAS"

Apr. Σ

Apr 2

Djakaria.

SemaTADE,

A

Sematang

Japan

Diskarta Remarang. Kurabala

Stacaguar

Manila, Aincapote, E. & S. Africa &

· §. Amerien

Surabala & Machine

Singapore.

Djakarta, Mauritius,

18. Atrien & 8. America Djakarta Remarang, - Burabata

Marast

Hingapore. Penang & Belawan Deli Djakarta, BIRLARDIS,

Rurabala & Macassar

Japan

Dakarta, Remarang, Surabala

Macassar

Bingapore.

Bjakarta, Semarang,

Strabia Macassar

Japan

Гарал

Singapore Djaharta,

8. Africa & 8. America

Djakarta,

Atacassar

Semarang, Burabais

Signpore. Djakarta,

Aurabala & Mechestr

Manila, Singapore, E. & A. Africa

ARRIVALS

Mauriting,

Gemarang,

&

From

In **TJLUWAR*

Part

Jan, **TASMAN"

15 "TJITJALENGKA" Jan. 20

Maratar,

Djakiri

Aursball,

BATANE,

kingipark

Japan

JAPAN

TEL. 28015/18,

KING'S BUILDING, Ground Floor CHINESE AGENTS: 82 CONNAUGHT RD, C. TELS. 31190, 25182.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "OLGA MAERSK" M.S. "HULDA MAERSK" *M.S.. "GERTRUDE MAERSK"

Jan, 18 Feb.

Feb. 11,

•

Calling Vancouver. ARRIVALS FROM U.S.A.

project

Irrigation

of the

lower Volga area. Other raw cotton will

M.S. "TREIN MAERSK" M.S. "NICOLINE MAERSK" M.S. "PETER MAERSK”

Feb. 5 Feb. 18

Feb. 25

AGENTS:

of its raw material it will re- ceive from cotton farms neor- would after the completion of the

ly

which Germany

daliar zone trade. Any slight increase in their trade result in the countries having a favourable balance,

The Progress has made is further illustrated by the export trade figures for

quar the first and the third

the first 1ers of quarter the United Kingdom's exports averaged $0,000,000 a Germany's

about month; $3,300,000. In the third quarter the UK exports had dropped to-$4,000,000 as the monthly average, while Germany's had rison to $5,000,000.

fidence to the industry. been wide-spread uneasiness in the estimates of Government the textile trades controls and regulations policies expenditure, and to do his best to rellove the weight of taxa- tuntil the

new ad- election,

The

Lion

Expressing satisfaction in- ministration has given

many

at the fact that the volume of dications that it will be against

has expenditure restrictive controls. The psycho- rearmament

und that been modified

the logical effect of this release from

Treasury now is more respon the fear of regimentation should

sive to organised representation not be under-estimated,As-

by industry, Sir Patrick ends, sociated Press,

by

and enlarge their

the While the president of NUM has hopes generally for brighter year, the "New York Journal of Commerce has been busily collating views from a cross-section of manu- facturers and traders in the United States on their prospects for 1953. To the question: "What is your forecast for business in 1933?" replies in dicated:-

strering manufacturers to ters of the your. In

LONDON TIN MARKET

London, Jan. 14. The tin market was very steady this morning. Turnover was 45 tons, including 25 tons for cash. Prices closed at the

ok end

the official morning

acssion as follows:--

DSC

057

057

Spot tin, buyers

Spol tin, sellers

Business done at

Three-months in. Buyers

นา

Three-months tin, sellers. 943

Business done at

042

Settlement

D37

United Press.

New York Sugar.

Futures'

New York, Jon. 14. World sugar futures closed unchanged to 4 points lower with sales totalling 40 contracts, Contract No. 8 closed un- changed to 5 points lower with sales totalling 273 eontracts.

Contract No. 4 (world)

3.30

March

May July

October January

September

March

14.00

13.50

1.48

Mar Spot

1 500 G DI

13.50

(8

HK Land S'hai Land LCH UTILITIES

7.45 2000 € TIL

7.00

2.40 0 24S 1000@ 3 7209 2.4

800 0 5715

TYRE. 23:30 23:40 7000 # 23.50

Glar Ferry..

110

22.40

500 # 22.30

0000 # 22.30

2500 21.30

2001

March May July *September November March Spot

3,50

3.50 bid 2.51

3.54 nominal

3.75 nominal 3.40 asked

3.40 nominat

8.50

5.63

Contract No. 6

4.51 bld

6.76

5,02

8.50 nominai 3.43

United PITER.

Price Of Silver

Up Again

די

1

*

+

E

*

re-

more

to

of

come to the plant

from Central Asia by water For Freight and Further Particulars please apply to:-

transport once the Turunen Canal has been anished.

COMPLETE CITY

The plant in Kamyshin will be u clly in itself. It will have 170,000 square metres of new large apartments for its workers. will have even a special and technical school for textile specialists.

Another large factory will be located in the Middle-Volga city of Engels. It will occupy an aren

area of nearly 800 hectares together with housing. and other facilities for its employees. Plans are being made to house 25,000 persons In the plant's settlement which will also be a complete new city.

A third plant is being bullt In Barnout in the Alla! region. Located between sources of raw material in Central Asia und developing markets of

this plant

will be a addition to new

TRENDS IN U.S.A. In the third quarter of last foreign countries sold year

more to the substantially United States than they bought, thus continuing the trend of Better

........ 23.7 per cent.

the second quarter, About the same 40.7

Transactions with the United Off somewhat.. 34.3 17

Slates, the Department 1.3 No opinion

Commerce has stalet, enabled And to "What do you expect foreign countries to earn $700,- prices to do?"' replies were

11.9 per cent. 000,000 more than they spent in Go higher

that country in the second About the same 35.2

quarter. OR somewhat.. 52.1

Altogether, in the two quar- the 0.0 No opinion A

countries ters, foreign

sold Siberia, To the question of what they

valuable the $1,100,000,000 were doing to prepare for a United States than they bought, textile facilities.

The three other plants are possible recession in trade dur-

The department's report in- ing the coming year, the

being constructed in Krasnodar dicated that efforts abroad to plies showed that 42.8 per cent balance

the

in the Northern Caucasus where with accounts would overhaul costs, 30.4 per

colton production is increasing United States by cutting down cent would reduce debts, 32.0

year by year, at Kherson in the purchases of United States ex- would seek new pro per cent

would ports played a major part in Southern Ukraine where cotton ducts, 28.4

growing is being extended, and per cent

In Stalinabad in Tadzhikistan, modernise machinery, 20.8 per the reversal in the two quar- ters of the trend of intema-

close to the cotton growing cen- cent would postpone expan- tional payments.

cent would the third quarter of the

tres of Central Asia.

IN 1954 year United States imports of goods and services were GROWING COMPETITION

$3,900,000,000, Each of the new units is In other countries, prospects proximately for the futuro Arc being showing little change from the planned to be complete in itself, serlously canvassed. with total in the second quarter. handling all processing from

raw cotton

to right down ORDER FOR BRITAIN watchful eyes being kept upon

moves.

When the liner United States finished goods. methoda competitors

for Much attention is being de and

The menaco results.

of salled from Southampton*

And the architecture revival Now York, she carried the bulk voted to German and Japanese

of design

of the buildings and consigament in trade, and the inroads into of markets which

sion, and 210 per "wait and sea,”

special

paperweights

been glass have

op-

and mir

tation both to make

them

marked out for exploitation by ro each bearing a signed technically up to date and to Belush traders, ure continuous-photograph of Mr Dwight D. ly being stressed. Latin Ameri- Elsenhower, President-elect

make them Impressive struc

of turcs. Drawings of the build-

similar

ca is one such market. A good the United States, and the date will mission from this country Janurag 20. 1953. In all, 6,000 New York, Jan. 14. Messrs Handy and Harman, which recently visited come of paperweights and

ea bullion dealers, today increased the

the countries in

America, suring 110 11

That being manufactured by Novolar the price of stiver cont per the north of Southra), nite in sumber of mirrors, cach mea. Light (0) 0.15 0% 5000 25

ounce to 844 cents per ounce, returnett with the 2000 920 following a similar increase on C. Light (N) 1.10 1.20 1000 535

Tuesday. 1000 820 000 8.15

Bald the Industry sources Kšectrja..... 23.00 23.80 200 2360

demand for the metal la un 700 U 23.70 Macod Fitc. 11.10

expectedly strong for this time Telephonea, 2015 1090 -

of the year, while supplies aro INDUSTRIAĻA

levels. not at their normal **** 18.00 40 20 1800 – 18.29 Cement

2011

Decreased Imports of silver STOJUMI, ETC.

from abroad, ara also con- Dairy 10.30 19:30 700 39

Tribuling to the tight supply Watson LA Crawford

situation here--United Press.

Ewo MISCELLANEOUS

Yangiste

here are great portion Ltdi. Bridgend, Glamorgan, to furnish those particular 'cotton

NY Stock Exchange COTTONS

Now York, Jan. 14. The stock market today was a narrow mixture of gains and 100009, with most price changes fractions of a dollar staro either way: 1,500,000 shares were traded:

Some petroleums and stools were lower, some aireratia and airwayD Wero

higher-As- sociated Press.

3.15.

5.00

nt

moet an American order. expansion of trade in those

They will be distributed dur areas, A similar goodwill mis- Copado is about to leave

ing

the period of the Presiden sion

festival tiol Inauguration for 10 of these Latin American

Washington this month. chief commer- the countries;

PORTUGUESE TRADE this misalon being cial aim of

trudo Discussions regarding to develop two-way trade and

which Kiot merely trade from Canada.

arrangements for 1938, have been taking place in Lon Last month. Prince Bern- hard of the Netherlands returndon between delegations repre- and cd. with:,a;

Portuguese a; mission of Dutch conting the Price Of Tung Oil business men who had visited United Kingdom Governments,

and have been concluded.. Mexico, Peru, Colombia Boundor: At D

Mutually

·Press conference

satisfactory ar. In New Yorke

New York, Jan. 14. he warned the Dutch merchant rangements were made for the of certain essential Prices in the seeds and oils generally et "strong German supply

La Frenali competition in materials by each country market closed unchanged with and

Latin

countrier. the other, inchiding tungsten the following: exceptiona

Americamerican coun

aro and mining limber from Tiesa, Laiin Tung, oil, in intik cara, F. Ò, D. Now York, par 12.30% contarlor Mahesaid, "have not only Portugal; and roal and linplats.

Peanut oil, per. Ib. F.. O. Downs great in toreat in Dutch from the United Kingdom.

· 84.30. Now York, centa United Immigration, but offered. In The Liverpool Journal of Com-

oll unexpected

and mer Proso,

Exchange Rates

Burineer was done in the locat @gchapure market this Linonicial morning at the following" TRIBE!== Um, dollar (per: 81) Dub 81.0275 sterling note (per kii:.... 1963 Indonesian guilders (per 100) Flam tiesia = (per 100) mus Singapore (dkrafts)" FIC# pilastron (per 100), usSNÍ

25.20

31.670

their

Inga at Kamyshin show a gran- diose building with porticos and pilars down the front of the plant down

-looking A blt Moscow's Botol Theatre.

intended to Tho plants are

cloths which are in the greatest. demand here: Tafetta, satin, corduroy, cotton flannel, ballate, marquisette, sponge, tricot, biaricots, high grade sheets and pillow cases and towels etc.

Some of themn will go into operation as early as 1954 and 1055-Associated Press.

JAPANESE BONDS

London, Jan: 14. Japanese bords. to:!"A" (3m of 1898), c 8214

#D}\(4# %of - IDIO))-- 70 [C2 - (58,- of (,1807). 1334

4D (5% of 1034)

20 1545 of 1930) Consols

107

104

684

-United Press.

ор

JEBSEN & CO.

Pedder Building.

Tel. Nos, 36066-9, }

Dates and rotation subject to change without notice, “At ́ liberty"to" pracfed ́via-other-parts-to-tad/dischargo-cargo,

PENINSULAR

SEPARABIT

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 16th January at 12.00 noon for the UNITED KINGDOM vis Straits, Colombo, Bombay, Aden and Port Said,

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2. Gate, CANTON ROAD ENTRANCE by NOON on the 16th January, 1953.

SPECIAL NOTE: With the exception of `hâlid packages.

carried by passengers themselves, ALL BAGGAGE 'must pass through the Wharf Co.'s Godown for loading board by ship's slings only. BAGGAGE- COOLIES WILL BE REFUSED ADMITTANCE TO THE WHARF...

on

EMBARKATION: Will take place FRIDAY, the 16th January, 1958 between 9.80 a.m. and 11:00 p.m..

BUSINESS REGULATION

ORDINANCE 1952

Coples of the prescribed. Forms 1 (a) 1(b) and (c),

Now On Sale at S. C. M. Posty Ltd.

HONGKONG AND KOWLOON.

TEN CENTS EACH