1953-02-05 — Page 9

MESSAGERIES M

Arriving

THE CHINA MAIL, THURSDAY, FEBRUARY 5, 1953.

MARITIMES | Tariff Pact To American Exporters,

M

Leaving

"LA MARSEILLAISE" ... 24 Feb. 25 +"MEINAM"

1"BREST****

-Mor, 18 Mar. 1

1 Keelunt

Feb. 1, reb, #1

Gutward For

Yokohama & Robe. Japan

Homeward For

N.

1 long Kang Feb. 16 yeb, 13. Airies & Europe

+"FRY HILL" ....Mar. **LA MARSEILLAISE”

2

Mar. t Afar. A

Ápr. IJ Apr. 13

2 . Mar. +"COURSEULLES” ....Apr. 8 Apr. ***MEINAM"

•

For passenger and freight.

N. Attica Europe Marielle via Menila N. Attica & Europe N. Africa Europe

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

Accepting cargol

-via Marseilles ie nil Mediterranean & West Afrles Ports, ---Via Djibouti to Madagascar.

Aubject To Change Without Notice.

CIE DES MESsageries MARITIMES

P.O. Box 58, Hongkong Queen's Building (gr. floor)

Tel. 20651 (8 Unes).

EVERETT LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger service in Korea, Japan, Philippines, Indo. China, Slam, Malayn, Rangoon, Calcutta and Chittagong,

"NOREVERETT"

Aurives Sulls

Feb. 18 from Singapore. Feb. 19 for Robe

"REBEVERETT"

Arrives Sails

Yokohama

Mar. 2 fron Muniła, Mar. 3 for Singapore, Penan

Rangoon Re Calentta,

(Accepting cargo for, transhipment) Kobe/Pusa

Kube/Okinawa)

and

EVERETT STAR LINE

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

"NORDSTJERNAN"

Arrives

Sulla

Feb. 5 from Singapore, Feb. 6 for Kobe and Yokohama.

"STAR ALCYONE”

Arrives Sails

Feb. 10 from Japan. Feb. 20 for Singapore, Port Swetten- hau. Madras, Colombo, Bombay, Karachi, Kharram- shahr, Basrah & Bahrein.

(Accepting cargo for transhipment; Kabe/Pusan Ad Kobe/Okinawa)

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

The Rubber Cotton Industry

Shortage Of Markets

Workers

Prices

of

Singapore, Feb. 4.

futures rubber

776-107

closet today as follows:-

Marcli

April May Number 2 rubber, March 7345-74 Number 3 rubber, March 701-7144 Number 4 rubber, Marchi 0755-205 Spot rubber, unbaled .... 704-7714

00-20 Blanket crepe....

$13-01 No. 1 pale crepe

-United Press.

LONDON MARKET

London, Feb. 4. Prices of rubber futures closed today as follows:- Number 1 rubizer, in pencé

Der ib.

March

April/June

July/Beptember

October/December

July

23-231)

23-23% 23-23f

United Prem

NEW YORK MARKET

New York, Feb. 4.

$2.50 24.06

ne

coco nominal

26.30

recen-

Manchester, Feb. 4. Britain's

colton -spin- ning industry, fighting its way back from a sion that cost thousands of workers their jobs, is fac- a labour shortage.

rine the last During

irst

#

mouths of last year

WORKBENC

the

Industry lost 22.000 Mr Alfred Roberts, General Secretary of the Amalgamation,

Cardroom reported today,

100.000

How

Some catton

There are

British splaners, compared with a 'nearly

In bour force of

124,000 a year ago.-As- sociated Press.

Dullness

Wall St.

on

Be Studied v

Geneva, Feb. 4.

and

A special working party of the General Agreement

Tariffe

Trade (GATT) wilt tudy the agreement tomorrow to see Jr It cbhiding adequate safeguards for Britain and the Commonwealth coun: tries in the event of Japan's admission.

The working party will later report bačk to the Inter-Sessional Committee which is meeting in Geneva to consider the timing and conditions of Japan's nd- mission to GÅTT.

At today's meeting of tho Committee, Indian and Pakistani delezaics explain-

ed why their governmenta had-plated apecial duties

on the export of coal and jate.-Neuter,

Kenya Market Anxiety

Complain Of Barriers Against U.S. Goods

New York, Feb. 4.

U.S. businessmen say barriers raised by foreign governments against goods shipped from the United States are more severe today thün at any time since the end of World War II.

And, many New York exporters contend, in some countries the situation is likely to get worse before it gets better.

It makes little difference, whether the product is steam turbines, bed sitects, cake flour, freight cars, hot water bottles, tractors or suspender buttons. If it has to be paid for in dollars, exporters say, it's not wanted.

This does not mean that ex- Commercial Imports will port business generally is bad. equal the 1952 gure of $11.3 Last year's export volume was billon, the Council predleted.

increased close to the high level of 1931, while

spending preliminary estimates Indicate, abroad by U.S. tourists and and only a slight decline, is en-servicemen will help raise total visaged for 1053. But. manu- | non-military imports of

goods facturers and shippers main- and, services to $15.9 billon lain, these results have been' from $15.4 billion in 1952. Totul achieved in

U.S. spite of extra-

foreign trade, exclusive ordinary handicaps Imposed by of military aid, would thus ap- foreign countries.

year's

Inst proximate

What is more, the effects of billion. some of the restrictive policies The forecasts represent now in

In force may not show up intensive study undertaken by

an

Lancashire Worried for many months, they contend the Council's balance of pay

By Prospects

London, Feb. 4. Kenya means more than Mau Mau to the cotton-mill workers of Lancashire, In the dump, Industrial towns of North-West England, Kenya means a prosperous market now in the balance. And in Manchester, England's colton metropolis, the men of the trade have coined a new catch- phrase, While Kenya delays, Lancashire, pays." For Kenya merchants are waiting for the Government of the Colony to deelde whether or not to lift the non-Sterling imports ban which now keeps cheap Japanese cotton goods out of the market there.

Lancashire cotton nen, with the depression years stil

an uncomfortably

frests

incmory, know what all-out Japanese competition can mean to their trade. They have seen, too. what a boost their products re- ceive on a market which ex- cludes Japanese compelllion.

Dimcullies American

of

investors

Japanese

Economic

Recovery

"Textiles The Key"

Geneva, Feb. 4.

ROYAL INTEROCEAN LINES

"BOISBEVÁÍN” "TJIKAMPEK"

"STRAAT

MAKABBAN" "TJLUWAR*

"EDISSEVAIN"

BAILINGS

To

1

Fib.

Yokohama, „Nagoya, Osaka a Koba Djakarta Semarang, Surabala

MACKESSY

•

Feb. 1 Fab, 19

Kobe, Nagoya - Yokohama

Singapoté, Bijakarta, Nemarang,

Hurabais de Atacansar

Pertank, Singapore, 11jakarta, Mauri-

tun 8." Africa 4. 8. America Djakuēta .... Nemarang, Hurabala

Feb. 20

STIDANTJET"

}

"WAND

"TASMAN"

Ph. it

Stär. 1

Mar.

Bingapore

"STRAAT SOBNDA“ Mat.

"TINOVAS*

Mat.

“TJLUWAĎ

"TJJADANE" HBTRAAT

MARABBAR

WIJIPONDOR"

"TEGELDERO" "THWANGI"

Atar. 10

Map. 13

Bakaria, HemarADE,

"Buttabala & Atacassar Singapore & Br. East Africa Japen - Djakarta, Bemarang, Burnbala

MACKAY

Singapore, Djakarin Semarang,

Surabala & Macassar

Зарад

Mabila, BAKAY, Álles, Singapore, ►

Djakarta, Mauritius, S. Africa &

6. America

Surabaja

A

Bingapore, Djakarta, Semarang,

Burabila. MSCAST

Manila, Bingapore, E. & 8. Africa Japan

Aar,

1

Mar, 23

Djakasta,

Semarang,

Afacariat

Mar 29

Japan

Apt.

*KSIPANAR”

Apr.

"VAN HRUTAZ”

Apr.

"THKAMPEK"

Apr.

JILUWAD” **TROELBERO"

"TJIDAŃTJET“

"NU"

TJIWANGI"

Apr. 11

Apr. 12

Apr. 21

Apr. 23 MAY

"STRAAT

Djakarta. Semarang,

Macassar

Surabala

ingapore, Jakarta, Semarang,

Barabija & Matkaar

Aint pare. DJakarta. Maurlius,

B. Africa & R. Anierlen Djakarla, Bemarang, -Surabala

Maramat

Japani

&

Hingapore. Hakarta. Remarang,

Surebala Macanaat

ARRIVALS

MAKASSAR”

TJIKAMPER" "TJLUWAII”

In Fort

In T'ort Feb. 12

Зарац Масаваат,

a

From

D. Amirica, 8. Africa,

Singapore & Manila

Surabala. karta & Aingapore

confronting ments group, a committee

Mr Schoji Obata, Japan. exporters traced exporters, importers.

nre

ese employers' delegate to to two basic causes: Competition and bonkers,

the Textile Committee of of revitalised Industries in

MANUFACTURES Europe and Jupan, and

The committee emphasised the International Labour chronic post-war allment known that the expected decline in Organisation, told today's KING'S BUILDING, Ground Floor

shortage exports will apply chiefly to meeting that the key to

"dollar the

problem."

that

form products, and fuels " now

"They just haven't got the being produced, in Increasingly Japan's economic recovery dollars to buy our goods," says large

quantities in foreign lay in expansion of her lex-

one American manufacturer.countries, and that exports of tile exports. haven't got. To get the dollars as high or even higher.

They can't spend what they manufactured goods might be

outs."

"The

thut

agricultural

Mr Obata said: "I would ke to appeal to your sympathetic expectation they need, they'll have to sell

understanding of the fact that more of their goods over here neither coal nor

the key to Japanese construction or keep on getting U.S. hand-products will regain their pre- as a member of the world family vious position in 1953 and may of true nations is actually the undergo

textile industry, and we must supply conditions at all costs be able to increase abroad, the committee said. our exports.""" "On this basis, therefore, the He said that although the tex- industrial products should be as war damage than any other, it putlook for manufactured and tile industry had received more

1052 and for some was still a gigantic one,

low on dollars and most have of improved S, decline in view

When foreign countries run been critically short since the end of World War II-they ch- deavour to save the few they have by drastically curbing U.S. imports,

SEVERAL METHODS

Mr Obata said the textile in- dustry accounted for 25 per cent of Japan's total labour force and the number of female Workers in the industry was more than 50 per cent of the total.

as in Possibly hot and

The Council estimated that This is done in several ways. I foreign countries will have $10.2 The simplest is to forbld out-billion available for purchase right the purchase of goods of U.S. goods and services this from dollar countries, or to year and would spend about restrict such purchases to all but $17.3 billion for that purpose.

the pivotal centre of a few needed commodities. "In general it is agreed that Japan's rehabilitation effort, the Another potent weapon is to foreign countries on balance textile industry had been given limit Kenya at the moment is such

dollar

arinports to will attempt to continue re- first place in importance. a market. Last year the Colony nominal quantity, under building their gold and dollar

to the labour laws, threw up an economie barrier Britain's "token import plan". reserves during 1933," the re-

said that since the end of the war. a number of Banned under this system are port sald. against Japanese

But that barrier last Hoods,

more than only unifl the

token Imports of "The major question," it add- legislative measures had been end of June this year. Kenya

such· American-made items ased.

whether foreign taken which laid down minimum bottled, fruits, canned must then decide she will re-

lobsters, countries

will pursue their standards

"Our labour force shoes, restrictive policies this for

enjoys

до

or

establish the ban or whether she whiskey. cigarettes, will allow Japanese cotton goods alo

galoshes, leather eleves, cotton will at some point case ex-conditions which, while they

thread, sowing

hot water change and Import restrictions, may not be better than those of to pour ugain through the port bottles, garden hose, woven cot- thus allowing a higher level of Eur of Mombasa.

advanced Countries of exports." Europe and Ameries, are nevèr- Unfortunately for Lancashire, ton plece goods, cars and bed US commercial

Kenya merchants are

ticking.

Associated Press

theless their equal."-Router. Britain's anticipating

dollar position has TRADE WITH ASIA their Government's de

inproved substantially since the

Washington, Feb. 4. ecisi

Us. Apparently they believe that the

"crisis" of early 1952. Signs of

imports from Asia import ban will be lifted, and

recent

improvement have also slumped in November and U.S. smaller they have no wish to be saddled een neted in Holland, Belgium, exports to Asia were with the

Western Germany and Peru. more expensive

than a year ago, occording to But, authoritative Now Lancashire products on an open banking circles state, conditions Issued today.

York Cammercy Department statistics

in many other countries

Imports from Asin in going from bad to worse.

N vember, valued at 1 Protectionist tendencies are $114,200,000, -compared with reported to be rising in several $250,000,000 in October and Prices of grain futures closed Western

Hemisphere

notions $132,000,000 November 1951. today as follows:-- where budding native industries The monthly average In 1951 Wheat-price per bushel ate struggling to take root. Ex- porters tell

the story a blg American manufacturer who set

market.

THE COST

Only a quick decision--and for Lancashire the right decision -can save British cotton many- facturers big sums of money,

At Colton Board headquarters In Manchester, nerve centre of the industry, offelais cannot yet estimate the cost to the industry of the Konya delay. But It is believed to run into several

A week What Is

аге

U.S.

Grain Prices In-Chicago-

was $105,000,000.

Spot U.S. exports to Asla in No-Mard:

MAY set vember were $147,700,000 com- July

up a factory in Latin- pared with $140,800,000 in September American country and Men | October und $231,300,000 in December prevailed upon the government November 1951. The month-

thousands ancashire doing States. In this case the foreign

yet send

of that country to exclude com-ly average in 1951 Was Spot peting products from the United 3181,700,000.-United Press. May

barrier was erected at the who behest of an American wanted to keep other Americans out.

EXCHANGE CONTROL Foreign tariffs are generally regarded na less of a handicap than import and foreign ex- change controls.

about it? Some of the firms have issued orders to their East African agents to redouble their salesmanship efforts.

There Is a strong suggestion, too, that the Cotton Board may a delegation of their best men to Kenya ta make an, on-the-spot attempt to save the situation. Although even tenia- tive plans for such a gesture such good quality-and when

known are still secret,

| mass-produced they are so that the Colonial Omte is pre-tractively pared to give its blessing to

a move.

Bich

A Colonin Omer official com- mented: "Naturally the first step will have to come from the Cotton Board, and the final arrangements would be made by the Board of Trade. The

Colonial Office, however, would

be in favour of such a delega-

Intion going to Kenya.""

New York, Feb. 4.

overall

Trade Control

Australian Government

"American products are

of

nt-

PAKISTAN

STEEL

OUTPUT

London, Feb. 4. An appreciable Improvement priced that they often override tariff barriers." in the iron and steel output of is likely to be trade authority Pakistan

achieved soon owing to the Initiative and enterprise of Mr "But they can't get past im- John Bruce, & Stotfish foundry

опе

foreign

states.

port quotas ond currency

restrictions.

experi.

Chicago, Feb. 4.

2.201 nothurai 7.28- 9.30

P

1.504

Сотл

1.304%

March

July

September December Rye

1.01%- 1.53%-%

E.GO

March

May

1,77 nomital 1.01

Dais March

70%-a May.

20-702 New York four-per 200 15. Sack. $12.00 norminal.-United Press.

New York Sugar Futures

New York, Feb. 4. World sugur futures closed wachanged to 4 points lower with soles totalling 64 contracts.

Contract No. 6 closed 2 higher Nations to points Jower, with sales Adminis- totalling 65 contracts.

Contract No. 4 (world) March

October January

September

3.65 0 301 bld 3.03 bid

3.04

3.80 nominal

3.80 nomina

360 nominal

3.60

5.63

0.00

584

4.02 bid

Mauritas,

Semarang,

TEL. 28015/18.

QIDINESE AGENTS; 82 CONNAUGHT RD. C. TELS, 31188, 28193.

MAERSK

LINE

FAST FORTNIGHTLY SERVICE TO:

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

*M.S.

NEXT SAILINGS

"GERTRUDE MAERSK"

M.S. "TREIN MAERSK"

M.S.

ARRIVALS FROM U.S.A.

"NICOLINE MAERSK”

Calling Vancouver.

M.S.

"TREIN MAERSK”

M.S.

"NICOLINE MAERSK”

M.S.

"PETER MAERSK”

Feb. 11 Mar. 4 Mar. 18

In Port

Feb. 18

Feb. 28

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building.

Tel. Nos. 36086-9. |

Dates and rotation subject to change without notice.

At liberty to proceed via other porti tó tokd/discharge cargo.

HONGKONG

SHARE MARKET

(From Our Correspondent).

U.S. Wants Wheat Price

Increase

The United States has in-

Business done on the Stock formed Exchange this morning amourt-Agreement

Washington. Feb. 4,

International

nptions,

Wheat That 要

ed to $250,543.00, Noots quota-wanis almost a 40 per cent in- tiansand the morning's trans-crease; in the present top"price. actions:

stabiilsed by the pact.

SHARES BUYERS AELLENİ CALEA BANKS

IIK Bank INSURANCES

... 1420

200

Canton Union Underwriterk

SHIPPING

Asla Nav... DOCKS, ETC.

N. P. What Dock

• Provident S'hal Dock Wheelock Hongkew

LAND, ETC. HK Hotel

4,70 20.20

The United States, the world's biggest wheat exporter, wanted sa is the celling price raised from $1.80 to $2.50 a bushel. Representatives of

the

40

Wheat Agreement countries are. negotiating in

private

con-

1.00 .ca 600 @ 1.00 ferences here whether to renew ith four-year-old pact when it

expires in July.

12.70 . ង

Sources said

today that the 2.13 1000 931 United States prico demands

2000 F 2.30 meant a big gap 7.63 73%

between the 1900 205 stands of the exporting and in-

porting countries,

they

*200**

but

71% 1.00 1800 @ 13, stressed that negotiations were in an early stage und the posi-

HK Land (0) #719

HK Land (N) B

Bhai Land.. 14 1.80 1600

UTILITIES

Trom

Star Ferry

22.10 22.40 1000

500

114

e. Light To B.15 0.20 1107

1.000 may change.

It was learned that the United 280 States wants a guaranteed fixed 21.30 B00239 minimum price of $1.00.

The United States also in- 0.15 dieated at the present sesalon 10 that she wanted 10 restrict 'n

agreement to ..10.40 10.00 700 19.60 future -

shorter termpossibly two years, Reuter. 17.bq

C. Light (N) 8.06 0.10 1000

Electric

Telephone

3.00 nominal INDUSTRIALS 6.43 xominal

Cement

2.63 —United Press,

Rope

13.10

Mr Bruce is now visiting the There ure two principal

under an agreement country is what we on Govern with schools of thought on the ques-

the United Technical Assistance ment should do about foreign tration. Prices of rubber futures closed | unchanged to 15 points lower

countries' dollar problems. with sales totalling 42 contracts.

He began his work by sur-May One is, "et them stew. In In the spot market, a fair-sized

their own juice. Artother body veying the production methods July of

opinion

con- of the Karachi Foundry, the pember leans toward business was done during the

The tinued foreign ald and increased largest in the country. morning between dealer in terests along with some buying

Melbourne, Feb. 4. opportunities for foreign im- firm, which has some 205 em March on factory account. The market

out cast-iron MA lower through

U.S.ployees, turns

Spot In continued light trading The Prime Mialater, Robertporis

pipes, cisterns and sanitary ware. "Contract" No. "0" faltered later while traders op-

Menzies, said today that as soon tariffs.

Within three days, Mr Bruce | March praised the Korean War situa- stocks moved Irregularly and

Informed people in each camp came to the conclusion

that, may tion, Prices

marrowly through a dull session as the closed today

has a complete picture of in-agree, that there is no quick and although wmculty in calaining Ser follows:-

today.

The market

Anlched part and export balances "we easy answer.

high-grade raw materials was November March

COUNCIL'S PREDICTIÓN May

slightly lower.

will

to reach Aome be able Dealings

The National Foreign Trade of the major reasons for the March totolled 1,000,000 decision whether to leave im

Council predicts a slight decline poor quality of the Anished Spot.

produči, a big improvement 8h 06 1,103 issues traded port restrictions. alone or alter

in U.S. commercial exports this could be effected by Introduc 423 advanced. 440 declined and them.

imports Ing certain modern techniques. 310 were unchanged.

The Import restrictions were year, but says higher Motion picture issues, showed imposed," he said, "to watch would Increase this men's

As the techniques he recom- strength stemming from the our imports and exports and total foreign trade to last year's menied were untemiliar to local Iannouncement of some firms' | anve the drain on overscas levels.

Indications are that the U.8, foundry men, ME Brute tem- porarily abandoned, his role as export màfactured technical adviser and personally products, farm commodities took over

of the foundry

London, Feb. 4. other goods

worth for a fortnigra

An Egyptian cotton misio $12,500,000,000 in 1053

Working ot production of fout how visiting Brilain London, Feb. 4. against $13.2 billion the year phase himself, 2 ho zvirbually will go to Western Burdige next

before, the, Coimell said.j The established within the foundry week to seek further markets. Agures do not include 21% aid shipments de military school for trainisig men in the The mission, which is touring

Total non-military exports, techniques

Holland, Belgium, Sterling Hote per £1

1.3. dellar (per. S1) insing. 10914. including: goods and ・otrvicts; | be judged by this; rödifetion", în |'Swedeń. SHEDS WIL" dintis. | morning st. iha following rates:usiness dona pl

were estimated by the Council the percentage of castings re- Spain, Switzerland and Yugo-indoneran guilders (per 100) 50-13/10 lat $17.3 billion se compared Jocted us unumble; this fell sinvia before flying, back to -United Press

with $18 billion last year.

from 47 to 10 per cent.

Cairo in March Router.:

September December

March Spot

2350 nominal

25.05 2716

United Press.

A RECORD YEAR Production in a new type of funds."--Reuter.

dimensional colour. Chemicals moved widely either way. Rails

change. Motors

of Amsterdam, it was officially. Dow Jones averages at the

announced.

71

Amsterdam, Feb. 4. were mixed in fractions central JAPANESE BONDS In 1962 the record number of ly. Oils were mixed Steels 4,707 : néo-guing ships totalling showed tils 27,340,081 tons entered the port were featureless.

and of the session stood as As compared with 1981 the follows:- number of shipa "Incremned by 30 industrials 353 hd the tonnage by 20 rails 3,164,281, the Mundelpal Statis-15 duties ties Department announcedat | 48 bonde Associated Pro

Japanese bouds,

"A" (49, of '1009)

06. of 1007) 20010 110.70 ps. of 1934)

03.11 El (5%s, of 1030)

"13" (48. of 1910).

- 08.49.| Consola.

United Press.

150

Cotton Mission From Egypt

STORES, ETC.

Dairy Wation

COTTONS

WO

MISCELLANEOUS.

Yangtze ***

13 200 # 17.70

1500 17.50

20,10

10

1000 R 19

24.20

3.85

6.00 $110

LONDON TIN MARKET

London, Feb. 4,

The tin market wbs frm to-

day. Turnover -was 56 toos, Including 10 tons for cash.

Exchange Rates Prices closed at the end of the

maint morning session Business was done in the local | follows the Manchester and Liverpool unamer exchalige markes this Bpot tin, buyers Boat fit, weilers. The surcoss of his efforts may textile

15.70 Three-months tin, buyers

Three-months tin, sollers,

·Business Gone at Settlement

Ziam, ticals per 1001.

· Ringapore (Siraitz) #ic plastres (per 100)

United Pre