1953-06-16 — Page 91

MARITIMES

Tel: 20051.

M

PASSENGER/FREIGHT SERVICE

"FELIX ROUSSEL"

Leaves Marseilie

June

"LA MARSEILLAISE 7 July

**VIETNAME"

flamewerdz

"FELIX ROUSSEL"

ilbarkon _10-11 · July ન .. 4-14 AUE-

For Tokohama Salton

· Yokohami

Due Mararile, Via

17 July

Leaves Hongkong 25 July

25 Лив.

27 Aug.

14 Sept.

"LA MARSEILLAISE" A August "VIETNAM" ......22 August

Manila

Balgon Basgo

vin Marseilles to bll Mediterranean & West Atries porta. vla Djibouti to Madagascar.

Australia's economy, which has been riding on the sheep's back' since last century, is now finding the ride a little rough as synthetic yarns pour from American and European textile fac-Outwards tories.

"MONHAY" "SILVERSANDAL”

Today, Australia, producing 28 per cent of "MEKONG" the world's total clip and 60 per cent of the fine "FEI-HO" Homewards Merino wool, is fighting the advance of synthetics MONKAY" with a vigorous wool promotion and scientific "ILVERA

research

tho

programme.

That is Australla's part in the world-wide campaign directed by Secretariat,

International Wool

organlantion find financed by the Australian, New Zealand and South African wool growers,

an

HONGKONG SHARE MARKET

more than two mifilon grt. The number k

orders received in the new first five months of 1953 was considerably lower than In same period last year, although the

delniis of the extent of diceline But were not yet available. reports

received from individual frins showed that fewer

On the home front, the Aus- came l, from German ship

tralian wool scientist has been set companies na niany of them the never-ending task of Im- have had

to suspend or cut proving the quality of Australian their building programmes be-

Wool

and boosting the eficiency cause of nancial considerations. of the industry.

customers, on the other Foreign

Much line hand, showed growing

already been done. rçlucturee Much more is planned for the to place

new orders

with future as more funds become Business done on the Stock German ботать fearing

that available. A recent annouace- Exchange this morning amount prices

lees might become too high ment that Australian wooled to $559,157.60. Noon quota- owing to rising production costs, scientists hari perfected a process tiens and the morning's trans- Foreign customers, he pointed to prevent wool from shrinking netions; out, had to accept the risk of 30

cent per

sliding price-scale einures, on which German yurds insisted. Foreign yards demanded only # 10 cent sliding price- senle, b

The raw material position for shipyards had improved greatly in the past few months, the Association spokesman usserted. Shortages that were reported ju

to a depression In the rest of the / They akeet the old civilised coun- $1,000,000. In the total murket autumn no longer existed for

соп-

ties,

THE DANGERS

values.

Total sales for the day were 1,000,000 shares, compared with 920,000 chutes on Friday. the dullest session.

There was a light stiffening

Jones

(From Our Correspondent).

is only one of many achieve=| BHAKKS NUYERS SELLERS BALES ments.

In

approximately

DANKS

11.K. Bank_.. INAURANCES

Canton Union ILK. Fire SHIPPING

FREIGHT SERVICE

.Europe -Saited „Hamburg-Halled

«Keelung-2 June Itorlung-12 July

Ingkang

For

16-18 June

Japan

28.20 June

Zapati

+

15-10 July Bongkeng

Марац

For

13 June 11. June

| "SILVERRANDAL” ..Keclung-20 July 28 July

.Keelung Angust

10

August Saigon, Marseilles, Alders, Oran, Tanglers, Casablanca,

Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

י-

Juho

10

July

July

17

NEXT SAILINGS

1630,

1030

M.V.

"ULGA MAERSK”

m.v.

HULDA MAENAK"

750

in.1.

"CHASTINE MACHSK"

140

Waterboat

ARRIVALS FROM U.S.A.

15

Ala Nav

1.30

h.v. "CASTING MACHSK"

DOCKS, ETC.

K. Wharf...

In Port Busy A-3

70

N. PL. Wharf Bis 1800 16

500 5.60 Provident. 11.70 11.00 3000 11.80 1300 or 11,70 Wheelock 7.30 7.53 300 ** 7.0o 400 & 1,05

11 Hotel.. 7.65 74% 4000 7.70 JE Lond ... (29) 43 582 03 90 02

133.V. "ELSE MAERSK“

n.v.

July 3

TREIN MAERSK"

July

10

font-rol Was

•

Australia, ane quarter of the annual ex- penditure of the Government- sponsored Commonwealth Scientific and Industrial Research Organisation (C.S.I.R.O.) devoted to varlous aspects of wool research.

Before 1040, much valuable research work had already been world.

the big shipbuilding firms done by C.SA.R.O, exports team- "I cannot help asking where

although medium and small-ing with the various State De-LAND, ETC. we are going to be when even a "This is because the industrial

sized yards were still experiene-partments of Agriculture. Liver small recession occurs in the end agricultural equipment of

ing certain difliculties in getting duke und "black" disease became United States, perhaps as a the new countries is still in-

the necessary quantities of controllable and result of talling off of defence suficiently versed. It is also

of special sizes exhaustively investigated. rolled material orders when American because their economic life is before the close. Industrials closed from the mills.

Blow-fly strike was eliminated sumers decide to save a file still essentially based on the pro- off $1.01 on the Dow

It was still

too early to judge and ewe fertility periods deter- more and consume less; or when duction and export of the raw averages. Rails were down $1.17.

the consequences of the new mineri. American businessinen get the materials necessary to the inore Utilities held well most of the

iron and steel prices fixed under day and closed enly 74 cents

MORE RESEARCH idea that they are not going to highly developed countries, ex-ower.

the common European Coal, so easily and the spending

In 1940, when it was realised for can procure ports which

At their lows, the July and Iron and Steel pool. The ad-

at them in return the incans in September wheat positions were dillonal power is cut down," he said.

of charges

production special

wool "Another reason might be the dispensable for their own

of the full limit of frading 10 sorts or rolled steal to be added substitutes threatened to develop variations which are inevitable

development.

as did rayon to take the place, bushel. Other grains to the German basle prices had partially, of cents # In the free enterprise economy said it was the concern of

silk two decades wenker lower prices not yet been ixed. But it was and for any of these reasona

Government "tu Ruarantee the Were

for commodities. from the conditions

iron and generally hoped that there might spread

life of

of their

ment decided to step up research. Rails and olls were hit hardest, steel producers might be able to off in United States a falling

That year, it introduced the peoples, against economic Rails suffered the widest per- reduce prices. Shipyard. owners

CA350,000 contribution demand, a depression situation dangers which threaten them

annual centage decline with closing expected that the total produc-for wool industry research and in percolating through the rest of and against lodal and political losses running to $2 or more in tion of rolled steel in all Schu the world."

the seven years to June 30, 1052, con-Union Pacific and Southern Rail-man-plan countries would

more than £A2,500,000 has been INDUSTRIALS

Telephone He did not think anyone in dangers which ensue

way.

amount to about 50 million

to wool devoted to the House of

The research.

Coment 414 Rope Oil losses ran to more than tons, believed sufficient to cover results are many.

13.30 all raw material needs, the

Here are a few of the Aus- STOILES, ETC. Aircrafts showed losses rang-spokesman said.--Reuter.

..... 2011⁄2 20.00 $200 tralian wool scientists' findings

Watson ....2015 coing to $1 in Boeing,

24.20 ducing this period:

ns

on

Of 1,001 issues traded, 650 declined, 182 advanced and 240 held unchanged.

sequence. Commons yetThese dangers are to be seen understood what had been agreed around us. It is clear that $3. Upon at the two Conunonwealth

Governments are wisely inspired conferences held in the past 18 in adopting the attitude of months. It was not yet under operation in order to remedy stood what had been presented

them, to the Americans and

and apparently

"Your presence here today turned down by them, he said. us far too much in the dark, pagoodwill for an attempt to build "The Government is keeping proves that you are filled with

an international understanding. policy," Mr Gaitskeli-epid.

The working group w Reuter.

have before it a draft inter- national agreement on which formed the basis for the talks at Geneva in 1930.

BUFFER STOCKS ·

The Rubber

Markets

Singapore, June 15. Prices of rubber futures closed todny as follows:-

Number 1 rubber, ter 1.

JUN

Augue September

14-%

Number rubber, July..

Number 5 rubber, July ..

Number 4 rubber, July

Spot rubber, tumbaled

02-031 10-5715

73-70

Banka repe

No. 1 palo črepe

United Pres LONDON. MARKET

Londor, June 15. The rubber market was steady and Inactive. Prices closed as

per Ib...

follows:-

Na. 1 rubber, In pence

2014-16

July

Auurest

July/September

January/March

207- 207- 209-14 2014-**

Presa,

October/December

NEW YORK MARKET

New York, June 15.

tin

The agreement provides for i International control of ex- port and the setting up of buffer stocks.

The producing countries tend

New York Stock Exchange

bond volume was 3,131,000 and the American Stock Exchange volume was 310,000 shares, United Press.

Lower Prices In Cairo

Cairo, June 15, The Cabinet announced the

to favour ад international Government's new and ro- agreement, but some consuming (duced purchase prices for Countries are less enthusiastic Egyptian cotton for 1952-54 sources close to the conference for sale abroad. sate.

They will pay 50 rials per One of the thornlest probe kanta for Ashmouni compared lems to be hammered out If an with 60 rials for the last crop.

deckled

be on - would

and the prices for both Ashmouni

international agreement were Beginning December 1. the

question of prices

buffer stocks would operate,

al which Karnak will be raised one rial

until January 31, after which There have been spectacular two-rial additional prico per market kantor will be paid until the fluctuations in the lin

the Geneva conference. Jend of the season." since The price of lin is now about Land reform by lowering the £700 sterling, a ton.. At the tenant's rents make it possible height of the Korean crisis it to accept lower prices for their was about £1,200 a ton,

crops, according to the Cabinet

M. Dequse said in his speech statement. thal the lin consumers sald

Prices for other categories they wanted a means of pro-will be fixed later. duction kept in good condition Mixing low grade cotton with and able to provide all the standard grades will be punish- tin they wanted when they fed. needed it. They had said they The Cabinet states sternly were ready to pay a stable price that "the good name of Egyptian to produces to meet these re-cotton in markets abroad must

be preserved."--United Press

No. 1 sinndard rubber futures closed unchanged to 10 points lower with sales of four con- tracks. The market ruled steady quirements. to n shade easier in dull activity, reflecting the lack of consumer interest.

QUITE UNDESIRABLE

Shipment offerings "So far

market.

valled in the spot

as the producers of New York Sugar

were high. Quiciness also pre-tin are concerned, a good many. have given their opinion that a reduction in the tin price, it

Smoked ribbed

sheets

were

quoted at 24 cents à pourth. tls were regartled as possible,

Prices closed, as follows:

No. 1 rubber," in pence

July

September

December

March

May

Juty

24.43

24J2

23.75 bid 13.00

23,46 nominal

23.33

-United Press.

LONDON TIN

LPAN!

MARKET

London, June 15.

should necessarily Ho together with an increase in the produc-

Futures

1

New York, June 15. World No. 4 sugar

futures

sales of 90 contracts.

The No. 0 contract closed 1

for

WBA

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Bullding.

Tel. Nos. 36066-9

Chinese Freight Booking Office

Dates and rotation subject to change wilkout notice.

At ilberty to proceed via other ports to toad/dlscharge cargo.

200 B 03

Humphrey...

UTILITIES

Tramm

Peak Tram

(0)

13

500 15

300

15.10

27, Connaught Road, C.

23.20 23.40

800 23.20

700 20.30

Peak Tro

(Now)

Star Ferry

10.70 111

C. Light (0) 11.30 11.40 3000 në 11.30 7000 11.40

earlier, the Australian Govern---Light (N) 2.15 7.20 1333 738

011

Electric

Soil deficiencies which had reduced the wool yield and were dis-

MERGER OFwered and corrected;"

BANKS

The churcs

ht Jaundice,

toxaemic disease which brings

heavy mortality among ewes, determined;

Important facts were learnt about the blow-fly problem, sheep production and fertility, and on the relation of breed to weight

Wool and fibre diameter;

The

role

of subterranean clover in causing infertility in sheep was detailed;

Athens, June 15,

of the British merger Ionlan Bank and the Greek Bank Populaire has been for ally decided on al

of a general meeting of shareholders of the latter bank.

All Populaire shares still in

Greek

share holders are to be purchased a 560,000 drachmac cach, (ap proximately 20 Eighty-two per cent of the shares of the

the

hands of

Reprations.

Dairy

1

1192 7.15 690 7.20

25.20

600 29.20

1200 Gr 23.10

1000 or 23.20 300 25.30

10.20

500

17

L. Crawford XD COTTONS

Ewo XD' Textile Corp. 5.13 MISCELLANEOUS

Yonglize

10.30

201 500 G 23.00

300 2.83 3000 + 5.20 2000 at 0.30

Cotton Prices In Doldrums

New York, June 15. Vitamin D deficiency in lambs.

Liquidation in nearby July cause of mortality and slow and persistent selling through-

the session wool growth in the south, was out

kept, colton and controlled; and diagnosed

futures In low ground from The sheep carrying capacity of Populaire Bank are already millions of acres was increased start to finish today.

Prices remained slightly be- the previous during the held by the fonian Bank while by reducing the rabbit population tow the remaining 18 per cent are

with myxomatosis. In Victoria: morning hours, Persistent sell- in the hands of Greek wel-20

he per cent of the rabbits were ing later in the day depressed fare

wiped out by this mosquito- the list as much as a dollar a Australia is bale at one time, reflecting the the carrying disease. of

to estimated

have nunority shareholders

the of

total thinness, traders polated out. Populaire Bank withdrew from 750,000,000 rabbits In

The list closed off 7 to 18 the meeting protesting, against

points lower. Technicians said the purchase price and alleged

"EMPROVING QUALITY

that mill buying was a scale- Alongside the held work, a down, reflecting that the real wealth and pro-

the recent perty of the Bank

in were far technological research programme alackening

the texule higher than the amount offer is well under way to improve the activity. ed-Reuter

quality of the Australian wool

Prices of colion futures closed clip. Three

textile research as follows:- Laboratories have been CS- Spot tablished for work in ecrlain July

Weekly Bank Statement

London, June 15.

season.

specialised fields.

ה

£

good

October December Some of the advances made in March these laboratories include:

May

October

A scourable branding fluid for July, sheep marking has been

July

Tel. 20461

EVERETT LINES

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

"NOREVERETT”.

In Port Louding Salis

June-17- for----Singapore,- Fenang,--.

Rangoon & Calcutta.

"BRADEVERETT”

Arrives Salis.

June 24 from Singapore,

June 25 for Kobe, Osoka, Yokohama,

Tokyo Buy, Shimizu Nagoya,

(Accepting cargo for transhipment Kobe/Pusan 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 Porta. "STAR BETELGEUSE!!

Arrives June 25 from Takao Salls

31.05 nominal

33.80

33.70-33.71

33.00

33.01

33.00

Arrives Salls.

37.05 nominal 30.10 -United PresY.

33.10

33.44-33.48

33.60

53.10

33,83

33.80

33.04 ild

United Press

Sao Paulo, June 15. Prices of cotton futures closed today as follows:- July October

10.05

December Miorch

10.30

10.30 de-

developed to reclaim at least NEW ORLEANS MARKET 10,000,000 lb. of the Austrailan Spot The Bank of England state-clip. Previously, this amount October ment for the week ending June was largely lost because of in- December 10 rends as follows:- Notes in circulation Publie deposits... Private depoalts Government Other securities Receipts

Bank ralio

securliles

£1,049,021,307

delible brands.

March 01,240,038 Wool wax, for years 'a woated lay July 338,009,903 by-product of the wool clip, is October

now being recovered; and

Ал

Improved

333,629,439 23,020,100

felimongery 59,625 274

140 method of accelerating the rotting United Press,

of skin has speeded up wool the and Improved recovery quality of wool obtained from sheep skins.

NY Metals

tion of time through an improve closed 3 to 6 points lower with ment of the conditions of, pro- duction.

"It is, on the contrary quite to 3 points higher with sales of

Now York, June 15. undesirable that a reduction In 203 contracts. price should be

Prices in the metal market Technicians como to by

said liquidation closed unchanged with the ¡ moans of a deflation imposed on depressed the world futures, following exceptions

the producing countries, who Domnestic futures were a shado Tin, grade A (80.80 per cent are generally underdeveloped, higlier on trade buying of or higher) New York, per fu. to counterbalance certain in- | futures, Prices closed as 03.50 cents. Antonary tendencies which the follow-

July September October

3.57

most highly developed countries Contract No. 4 (world) find it so dìfeult to reilst with- The in market was easy io-in their frontiers" day. Turnover was 125 tons, The working party went into January Including 85 for cash closed session after hi. Dequae's March

tons Prices closed at the end of the speech. offlelal morning session

as fol-

Townga Pa

Spot Un, buyerm

Sput in, sellan

Business done at

y Three-montiis Uin, buyors

Three-Dinnths tin, solierE

Blushes done at Bettlement

9.09 nominal

2.43 kombaj

3.44 nominal DAD NOMINA

nomitial

May

apo

402 噪

July At the end of lis talks it will September report to the United Nations on Spot whether it considers the time

July

3.48

Contract No. 0.

024

7:00 00216

in the tin group are Australla, 605-600 Belgium, Bolivia, Britain, British ¡jed Press.

Marchi May Epot

rips to reopen the Geneva con September ference. Countries represented Novehber

Colonial and Dependent Terri-

3.64 nominal

Promi

Aluminium, (virgin, 30 h Ingots, bore prices. F.O.B. US plents, 00-80.9 per cent) per lb. 93 cents.United Press.

Flax Sodd Price

New York, June 16. Prices in thè 'socis, and plis market closed unchanged with the following exception-

Flax Seed, per bushel, fo.b. Minneapolis, $3.50. United Prese

Following their success with the anti-shrink process, the wool scientists have now timed their research to the anti-moth and

anti-crease felds.

The Government and 'heads of the wool Industry are determined that there shall be no let-up in the search for better raw wool and wool manufactures-Router.

JAPANESE BONDS *London, Juno 15.. Japanese bondin

"A" (4 of 1899) "p" (41%) of 1010) ="C" (85% of 1007). "D" (89.^^of 1024) "F" (51⁄2s. af 1030)- Console

SAO PAULO MARKET

(Average prices 15/16 10

110,391 baleri United Press. sed pot market) no available,

Sales

Exchange Rates

Business was done, in the local unoficiai exchange market, til. morning, at the following rales

0.036 US dollar (pet sti Bierling note (poč 21).

15,70 Indoneman guilders (per 100). 23,00 Slam icals (per 100)

Singapore; (strata)

FIC" plastrès (per 100)-iisan

Copra Quotation

142

6.00

New York, June 15.

50% 108

Copra was quoted today $180 per short ton, asked, c.lf. "the 121

Pacific coast Cocoanut oil was --61-7/10 | quoted at 139%, conta a pound, asked-United "Proti, -United Press.

Khor-

Juno 20 for Singapore, Port Swetten-

liam, Mudras, Colombo Bombay, Karachi, rumshulr, Basrah Babrein,

June 30 from Singapore.

July 1

for Kobe & Yokohama,

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

EVERETT STEAMSHIP CORPORATION S/A

Quesn's Building, Telephono 31206... Chinese Department: Telephono 28293.

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