1953-05-01 — Page 9

Japanese Desire

HONGKONG SHARE MARKET

(From Our Correspondent)

V

Business Cone on the Stock Exchange this morning amodal- ed to $179,014.70. Noan quota- tions and the morning'e trafis- tu tehn

SHARES OVERA AELLERS SALES

KANNS

HIC Book 12.44 Aria

1470

147

INSURANCEK

.. Frio

Shtepive

Ania 'Nov. 140

Decks, me.

T. 1. Warf

Provident

That Back

Whenck

LAND, I

13K Intel

102 1201 (0)

Jinan Lama

Frontereyk 14

UTILITIES

*T:15

1 ...

+0)

Prok Tram

t

71

41 755

100

7733

144 145

1 En

THE CHINA MAIL FRIDAY, MAY 1, 1953.

America For

Japanese Silver

For Trade Britain Outbids With Communists: U.S. Policy Resented

BECOMING A POLITICAL ISSUE

Tokyo, Apr. 30.

Trade with China, long a main topic of conversation and wishful. thinking in Japan, is becoming a political issue which neither the frowns af Government authority nor the dependence of the country's economy upon American dollars can prevent being aired whenever two or three. Japanese businessmen are gathered together.

Now, with the "threat" of a Korean armistice { brighter than at any previous time since the truce

talks began in 1951, this subject is in the words

of "Nihon Keizai," a commercial daily-"making its presence more keenly felt both politically and economically."

The paper goes on:

"In the event of a Korean | prevved the opluton that a res armistice being concluded, the rumptron of large-scale trade in question of restricting trade with | "pedice time" goods between Red China would mest probably Japan and Communist China 201710 11 12 20 have to be studied from a com- was being prevented only by

pletely new angle.

American interference," "Although we would then still

Lequired to

10 pay falr

10:30 1801 30.00 20.0 200

Sur Ferry

* Light thi

G LAGI (N) ON

Telephopr

INDUSTRIALS

Rage... 1522

19.21

13.30

23.30

be

con-

to zasitleration towards the attitude of the United Nations and the varunts free nadons, there would probably be a better chance for Jazim to stress her speckd eir- cumstances, both geographically historically. well

Population

Increase

In Fiji A Worry

Suva, Apr. 20, Concern has been expressed

The controversy, which spüled tome quarters here at Fil's

election aver luto the recent

been intensified fast increasing population, par- campaign, bus

the rising lend formation of a ticularly In

hold by the recent

suprapartis "Dietman's League Indian residents 4332423.70

for the Promation of Sino-ative Fijians.

20

STONES, ETC.

11.00 1000 500 2140 21 0 10

11

200 21.00

21 13

2.45

Daity

Wat

COTTONS

Exp

Australian Secrets

For UK

Melbourne, Apr 30, Selentile details and Inalus- triti know-how of a new pro- ress developed its Australia to Intake woollen

Marink- 100ts proof and lenger-wearink are to be given to the British woollen industry.

DM

The estimated population

over

at

1

London. Apr. 30.

Britain, paying In Ster- Hog, hax nútbk) the United States, which would have polit dollars., for 100 tons of liver offered

by the Japanese authorities.

A hundred tons of silver equals more than 3,000,000 ounera.

Japan at Oral offered the lot for

pahlla tender in dollars, but she rejected the dollar Blel.

Bullion traders learned today that Britain bought It last week-end for About

£1,000,000,

D

It is understood the all- Ver will go to augment Britain's Infernal supply and whit not be offered on the international market,

SOMO respects. the transaction is unique for postwar Britain. authorities must have been influenced by the consideration that the payment will help to rellevo Japan's present shortage of Sterling,

one

The British

Broader medautres to re- lieve that shortage were

British announced by the Treasury earlier today. - nenter.

No More MESSAGERIES Increases In Pay

M

Outwards

Pago 9

MARITIMES

M

PASSENGERS/FREIGHT_SERVICE

Leaves Marseilles

MP Gives Warning {“LA MARSEILLAISE" 17 Apr.

London, Apr. 30. Trade unions were warned [by Mr Harojd Watkjuzon, Par- amentary Secretary of the Ministry of Labour, not to ex- pect another rouil of wage In-

crcasca.

He said: "There was nothing in the Budget to increase the cost of living-just the trary,"

con-

Mr Watkinson, speaking nt St. Albana, made it clear that the Government were not seek- ing complete wage freeze. He emphasised that higher carnings arising out of in- created production or efficiency would be welcomed.

But he stressed there wu. nothing in the Budget to Jusli- fy clulma for higher basic rates.

Many of the big unions have been walking for the Budget proposals before formulating wage claims.

.

BOLD LEAD

WHALE OIL already expressed

ARRIVES

Japanese Trade" by 310 mem- the end of 1952 was 312,000 IN BRITAIN

bers of the last Diet to press for The Reopening of the

China Increase of 10,000 for

"In the event of the Interna- tional political situation becorn-trade, and by idealistic reports year and almost 100,000 more ing improved as a result of the recently brought out of China then Soviel Unicar's so-called peacey travellers and Japanese re- effensive, it will become all the patriates,

of

the 1940 figure. During 1952 the Indlan population rose from 143,000 to 148,000, while the number of Fijians only went up by 3,000

More Becky seriously to This My Koichi Safonit, study what likely effects the

grandson Sino-Japanese improving Itade may have upon earing the Safen), the last of the Genro (Imperial advisers). reported tension between the Eastern and

apon his recent return from a Western camps,"

A representative great ofisit to Europe and the Aslan

continent: kyo business excentives ex-

Dĺ the tate Prince to 130,000.

FRANCE'S

Dock, Liverpool, originantly

indians, The brought here on work contracts. have grown by 28,000 since the end of World War II.

On the other hand, the Fijian ingreased population has only

"I had thought there was no ¦ by' 17,000. fret doin in Red China and that Last December the colony's industries were socialised → all Legislative Council asked that beenuse of pro-American Pro-Britain send a commission to paganda.

investigate the population ques- tion In relation to

TRADE WITH ished me.

RUSSIA

MAKING MONEY

"

First of the big whale fac- tory chips to reach home from The Antarctic this season -- the British Abraham Larsen (22,074

01 lons)-berthed

Gladstone with

9,000 tons of whale and sperm bil a large corgo of by- and products.

This is part of the Mersey

recent £3m, thure of the whaling senson.

Two more factory ships, the Balaena (15,715 tons) und Sou- them Harvester (15,304 tons), which arrived in the Mersey them

The

May. per

10

the

of

Antarctic Although the total catch

season has been lower than last, owing largely. to unlavturable

weather

the Nor- the closing

been

at

ex-

later, brought between the livinger; hot what I saw there aston-standards of all races in Fiji. about 10,600 tons of whale oil. The higher Indian figures arc tons) is due about the middle Southern Venturer (14,418 mainly due to a substantially higher birthrote (44.69 "Private enterprises were in thousand compared such a well-developed stage that Fijians' 36.67 per thousand).

At the same time the Indians it was completely unimaginable.

have a lower (8.8 per thousand) Paris, Apr. 30,

to much death rate than the Fijians weglan expeditions have

stage, "They are making Franco-Rússian trade is ex-profit In Tientsin and Shanghai,(14,75 per thousand), pected to be considerably

infor

instance, that they are Density of population in Fiji most affected by this shortfall. The process has taken scien- ereased following the East-Westbiding more factories.

the U.K. more than 44 to the On the whole How

shows Ittle is and manufacturer when talks held in Geneva recently "It is ridiculous that some square mile compared with 20 peditions

catch they persuaded to co-operate under the auspices of the United Japanese fear that in the event in 1930,

change from last season. with them, 10 years to perfect. Nations Econcenly

prices Commission of the realisation of Japan's Furthermore, Fil's total are As a result of tower

Nor- The

consists for Europe, spokesman of the trade with new process

Red China Japan of 1,000 square miles includes there were three fewer essentially of depositing a small Economic Affairs Ministry Pald might become communised." large areas of forested mountain wegian expeditions taking part quantity of synthetic resin on today.

For the present, and until country which can never be this season than lust. It is not weel Abres mid pot welding" He said the st contaels Korean brmistice removes Coin-cultivated.

expected that the number will them together. This stabiliser between the two delegations had China from the ranks of Other ill

munirt

areas have poor increase again next season.

costs the fabric, making it impossible been very satisfactory and they

nations and United

He which might

Oil fuel costs and the ited quality land to shrink.

of tankers to carry fuel to the hot exchanged lists of goods the restor

States Army payments to cultivated only at the expense

Antarctic and bring back part be two countries wanted to tande. The proces is süld to

cover which as the Japanese industry for war con- of natural -simple-and-cheap,

In would not disclose the tracts begin to decline, the sole safeguard against disastrous of the whole oil production, are tactors affeeling To test the discovery, 20 goods mentioned, but usually Japanese Government will prob- increase in the already alarming among the

tra:le

saidably ople have been wearing odd reliable

enforce a policy rate of soil erosion. United whaling costs. be able Locks for month, One rock was France was willing to expect of ordinary wool, the other of Iron and steel products, lead, and of we don't do business with Press. wool which had been through textiler, while the Sovie: Unlon çd chinese forces killing

The new process,

Aller reveal moths of wear the treated rodes were as good

as now. The others were warn

art.

011

Processed aneks will be sole In Australja in a few cass.France's

atas.enter.

quarters

With

Japan-Taiwan New York Sugarters

Service

Tokyo, Apr. 30.

Futures

Some Support Appears In

has

Wall Street

today after President

come

In

As a result of lower tanker freight rates it believed that

modest reductions whaling costs were possible last prices But whale oil ¿cosoll. this season have not offered any large margin of profit, and co the pize of the individual catch has been an even more portant Influence than

im- before

on the returns from individual expeditions.

The Rubber

Markets

would send furs, cereal, turpe United Nations troops in Korea

he and Un.

These quarters considered that and Japan's economy bolstered increased 1:ade with Eastern by United States Army contracts, Europe would not only give all but the most myople In- peasi to taming French industry,dustrialists ran understand the hy would also help to solve inconsistency of the argument Left-wing exchange

by amrullies advanced

that their

country with the doll and erling Socialists

should both trade with Red China and continue to rely upon United States special procure-

New York, Apr. 30. ment" orders to balance its

The stock market met sup- accounts. International

But so far as a Japan faced port

declining

announced that he trade with

Sa con- Eisenhower

about $8,500,000,000 cerned, the Communists timed their "peace offensive" shrewdly, from the Truman uppropriation request for the fiscal year of And it looks steadily more 1954

Trading picked up a bit in probable that should Peking sign on the dotted line in Korea, public pressure in Japan for the for the day

the last half hour but the total kill only resumption of "normal" trade

1,140,000

shares.. with her giant neighbour across

The market opened firm, then closed unchanged to 1 point lower the water will become an even

down slowly as the more Immediate and hot-poll. backed

financial community tical Issue than at present,

awaited word from Washington. ECONOMIC PLAN

Industrials finished 63 cents lower, ralls 33 cents lower and Tokyo, Apr. 30.

ilities 18 cents higher. Of The Economic Deliberation 1,000 issues traded, .439 closcu Board, Government economic lower and 345 higher. Special Irrues provided most of the 24 nominal planning berly, is expected to

complete in early May a long features-Texas

Pacific Lond today as follows

Number rubber, runge economie programme to Trust, for instance, wilchi

In pence per zb climbed 4% points to 130 on a

July/

New York, Apr. 30 World No. 4 sugar futures The Mitsul Sempaltu (Steam-closed 3 points lower to 3 points ship) Kaisha has decided higher with sales totalling 236

Hosho Mara (3,149) contracts. assign the tuna) as ite irst tramp on the Japan-Talwan rente,

Domestic

with

Number C sugar

con-

The Hocho Mary will set sall

sales totalling 57 for Taiwan

In a day or two to

tracts. bring home 2,400 tons of sugar

Domestic futures ruted quiet Kalsho for Abeko

at $5.80, tree

and withion trial feature, in and out, per ton, the zame

Prices closed today as follows:- rate as the freightage fixed by Contract No, 4 (world) the Fermosan Government.

May

.

This shipment is part of 20,- July 000 tons of Formosan sugar left September

October

over from the last fiscal year. January The Mill Sempaku is to haul March 8,000 tons out of a total of 20,- | May July 000 ton-Reuter.

Reptember Spot

July September November March Spot

LONDON TIN

MARKET

. London, Apr. 30,

The in market wos easler today. Turnover was 80 tons, cash. for Prizes closed, at the end of the

including 40 tons

oficial, morning

follows.

Bession

3.45

3.48 bld

3.

3.4 bil

3.41 bid

3.49

3.45

Contract No. G

B.94 5.07-bill 300 bid

5.56

5.00

United Presz.

cope with recent developments, The new programme will be based mainly upon the Ellowing principles:

Good

was

caringo report.

•

Olls and rails featured in the rally. Texas Gulf Producing

1. Placing major emplads on moved up a to bi. In rails, the promotien of trade with Southern Rallway was off over Southeast Asta, Dis Board a point at one time and cloced authorities consider little can be at 074, off 4.

Singapore, Apr. 30. Prices of rubber tutures closed today as follows:--

Number a rubber, per Ib.

May

Jurie July

7371-35

Number 2 rubber, May.. 693-7014 Number 3 rubber, May.. 663-073 Number 4 rubber, May.. 031- spot, rubber, unbaled"

Blanket crepe ...................

7274-7515

75-93

No. 1 pale creps United Pre

LONDON MARKET

London, Apr. 30. Prices of rubber futures elozed

One of the biggest. the 350,000-strong Shop, Distribu- live, and Aliled Workers, have disappoint- with the Budget and given their intention of pro- ceeding with increased pay de- mands.

on

Mr Watkinson

called trade union leaders to give a bold lead to workers for new levels of productivity and effi- ciency.

He said: "The Budget is only one step, although a vital one, in our carefully conceived plan to Jiberate the national econo- my in order that, revitalised, tean in the next few years liberate us all from the crush- ing burden of taxation.

con-

"It only today there was as great a belief in productivity at the coal face or the veyer belt as there is omong trade union leaders we should be sure of an even better Buy-

get next year."

NY Cotton Prices

Close Higher

New York, Apr. 30. Cotton futures see-sawed within a range of 10 cents bale today but managed to keep slightly above the previous closing levels through most of the cession.

At the close, the list

ruled

1 to 14 points higher. The | market opened 10 higher-to-2- points lower. Trading was at a slower pace.

The issuing ot delivery notices for only 000 bales, the smallest amount tendered since Friday,

caused

May some chorls to cover. Buying by mill Interests + In July and

speculative demand for the positicas kept surplus offerings out of the sing.

The open contracts in May ut the start of trading today totall- ed 149,000 bales, a decrerse of 10,000 boles from the previous Certificated stock rose to s day. new high for the year at 214,- 070 bales.

The market sentiment mixed, traders said. One com- mentator thought that "the bulls don't trust the advance"

prefer t rait until May is whited down.

and

Converse

bears are still trying to reck the trouncing they took commencing last

when Friday

from the

May delivery showed unexpect ed strength. The prompt absorp~ tion of tenders was a distinct surprise to the bears who count ed on them to bring in liquide- flon.

fol-

Prices closed today as lows:-

Spot May July October December

October/December

212

January/March

203-21

United Press.

March May July

NEW YORK MARKET

New York, Apr. 30. No. 1 standard rubber futures closed 23 to 60 points lower

expected of Japan's trade with In strets, Bethlehem turned with sales totalling 13 contracts.

a small less into a gain of

No. 3 contract closed nominal- rationalisation of point. U.S. Steel dipped to ly 50 points lower with sales

Communist China.

2. Pushing Pepper Market enterprises, especially key in- 50h.

dustries. New York Apr. 30. 3. Issuing construction bonds ruled to meet immediate fund short- market quiet and stently today with nge. The bonds, however, will 713 spot indicated at $1.38 o pound lie only temporary because they accelerate inflationary 720-715 and stocks afloat and awaiting may

Spot in, buyers

Spot in. Follers,

720

Rykies done si

Three-months in, buyers

710

Thed-on is tin, seilers

Tusiness done at

710

SoljetnentAANAN

715

United Press.

as

The

pepper.

totalling 1 contract.

The futures and spot markets ruled slow with factory buying the interest reported at a minimum as in face of the relatively tow and higher shipment offering prices. Dealers Indicated spot Num- ber 1 ribbed smoked sheet at 28.58 cents pound. Prices closed as follow

No. 1 'standard

Chrysler was down! 11⁄2 to 70% in motors.

Dow Jones averages at end of the cession stood follows:

release.cround $1.37 a pound.

On shipment positions, May

4. Avoidance of direct prolec was indicated at $1.30 a pound, tion of Industries receiving

trends.

30 industrials 20 rails" 13 utilities

40 bonds

103.07 31.07 15.43

United Press,

May

not last long.

3.

Avoidance

of directing

July

September December Blarch (1954)

BIAN

750

Exchange Rates

thi

Businen, was done in the local unomeral exchange ''market thorning this following:rates!-- 1.9-douto (ver 3);

- 3.04023

on an ex-dock basis, with other American special procurement positions generally not mention-orders from the standpoint that ed.--United Press,

special procurement orders will.

Copra Quotation

special attention to an increase.

Price

Flax Seed Pri

New York, Apr. 30. " Prices in the seeds and.', 'blis In Japan's self-defence power. New York, Apr. 30. Copra was quoted today at The authorities hold that efforts market closed unchanged with July $200 per short ion, c.f.t. the should be exerted chiefly, for the following exception:

Flax Seed per bushel, fo.b, December Pacific coast Cocoanut oil was the improvement of the people's quoted at 15

$3.78. Uniled By pound, living standart and Interna- | Minneapolis' Į nominal.—United Press,

tional accounts.-Reuter,

Press

Sterling note per 5).

13.04

Indiesian guilders (per 100) 21.00

Blum stoxin fpwr 100) Vek

31.00

„Elvennere (Siraits}

1.033

FIC plasizes (per ido},

12.00

cents a

$5.00 bid

23.23

25.00

24.75 bid 24.08 )

24.43 nommal

No. 3 aiandard

$5.00 nominal

22.90

September

March. (1954)

H

nited Press.

October

J

24.15

33.17-33.70 13.03 33.50-33.00

3328 nominal

31.55 bid

United Press.

NEW ORLEANS_MARKET

Spot

May July

October December March May July

October

-United

Weekly Bank

Statement

London, Apr. 30.

The Bank of England statement 10r the week ending April 20 ecada no foliowekw

Notes in circulation... £1,514,018,014- Pubile deposită

Privats deposited

dovernment, securities,

Other securities

•Receipta

Lerik ratio

MÜzülei frem.

Homewarda

Hongkong "LA MARSEILLAISE" 22-23 May

Hongkong. 10-12 May

For Vakalanmam

Va

Salzou

Due Marvelile

15 Ju via Marseilles to all Mediterraneou & West Africa porta. via Djibouti to Medotoscar.

Ontwards "MONKAY"

Homewarda "MEINAM" **TEI-KO" [“MONKAT"

FREIGHT SERVICE

Leaves

• «Dunkirk -19

Leaves

Keelung-30

Anr.

Hongket

4-2 311

Hongkong

For

Jajan

For

Apr.

2 May

2 June

1 July

· Kerjung-311 May

• «Koelvag−29 June

↑ Saigon. Marseilles, Algiers, Oran, Tangiers. Casablanca, -

Le Havre, Antwerp, Rollerdam & Dunkirk. CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong Queen's Building (Gr. Floor)

Tel. 26651 (3 linea).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMONE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

*m.V. "PETËR MAERSK“

IV. "JEPPEREN MARRAK' m.v. "LAURA MAERSŲ"

May June

• Calling Vancouver

ARRIVALS FROM U.S.A.

In Port Duny A-5

May 12

May

10

1.V. "GRETE MAKRзK" m.v. "LAURA MAERSK" m.v.IRSTEN MAERSK“

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Fedder Building.

་

Tel. Nos, 36066-9

Tel. 20481

Chinese Freight Booking Office

27, Connaught Road, C.

Dates and raistion aubject to change without notice.

At liberly to proceed vlä pihte parts to load/discharzo carzo,

EVERETT LINES

EVERETT ORIENT LINE

Past regular freight--refrigerator-passenger servico- to, Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.

"NOREVERETT”

Arrives........................... May_13__from_Singapore... Sails

May 131 for Kobe

"REBEVERETT"

Arrives Sails

May 22 from Manila.

Yokohama,

May 23 for Singapore, Penang, Rangoon & Calcutta.

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

EVERETT STAR LINE

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

In Port

Salle

Moy 1 for

Moji, Kobe, Nagoya & Yokohama,

"STAR ARCTURUS”

Arrives Saile

May. 0 from Japan.

Osaka,

May 7 for Singapore, Port Swet- tenham, Penang. Madras, Colombo, Bombay, Kamchi, Khorramshahr, Basrah & Bahrein,

(Accepting cargo for transhipment

Kobe/Paxan and Kobe/Okinawa)

`EVERETT STEAMSHIP CORPORATION S/A

Queen's Building, Tolophona 31206. Chincia Department: Telophona 28293,

BUSINESS REGULATION

ORDINANCE 1952

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

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

TEN: CENTS EACH