1953-07-31 — Page 9

MESSAGERIES

P.O. Box $3.,

Queen's Bldg.

Outwards

M

MARITIMES

Tel: 26681.

M

PASSENGER/FREIGHT SERVICE

Taven Starsulifon

"LA MANSEILLAISE" falled

Itungkong

14 Aug.

D-11 Aug.

Balled

...31 July

24 Ang.

Leaves Hongkong.

Dina Muzzeliles

27 Aut.

20 Sept

"VIETNAM”

"CAMBODGE"

HomeWajdi

*VIETNAM”

"CAMBODGE" ...........25 ARE -

"LA MARSEILLAISE" ■ Angust

-Hept.

vin Matrollies to all Mediterranean & West Africa via Djibouti to Madagascar.

FREIGHT SERVICE

Leaves

Nutops-salied

Europe-Salled

F

Asigon Yokohama

Via

Balgon Anigon

& Balgon

porta.

Ontwarda

Munghong

"COURBEULLES"

2. Rept,

"AURAY"

"IRAQUADDY"

{amburg-25 Aug.

22 Bopt.

Oct.

Tor Japuo Japan Japan

Homewards

Lauves

Hongkong

For

"SILVERSANDAL”

4 Ладни

"MEKONG”

19 August

"COURSEULLES"

"AURAY"

B' October

24 Ort.

THE CHINA MAIL, FRIDAY, JULY 31, 1953.

Tough Struggle For Export Markets-

British Manufacturers

Should

All Out

Go A

To 'Get Out And Sell?

The struggle for markets is on., Britain has got to get out and sell now.

For on how much we can export of the products of our factories depends the bread and butter of the people of Britain.

It is not that we are doing so badly, but rather that what we are selling, is not enough in our changed circumstances.

NEW YORK

FOREIGN

EXCHANGES

New York, July 00.

$1.01

2.01% 3.09-2,72 2.0136

Canada Fagland—liela)

17ci24

30-day futuru 90-day future

201

.Keelung-19 August

Keelung 4 Orlobes

Heelung=23 “ct.

Bolgon, Morselites, Algiers, Oran, Tanglers, Casablanca,

Le Havre, Antwerp, Rotterdam & Dunkirk,

Subject to change without notice.

M.V. "LA MARSEILLAISE"

will sull for

'SAIGON, SINGAPORE, COLOMBO, DJIBOUTI,' SUEZY PORT-SAID, MARSEILLES

on

Tuesday, August 4th, at NOON

EMBARKATION:

Passengers aro requested to board the vessel between 9 and 11 a.m. on Tuesday, August 4th.

hold and cabin Baggage room, luggage have to be registered at the Kowloon Godowns, Godown No. Road 50 (No. 2 Gate, Canton Entrance) from 9 a.m. to noon and from 2 to 5 p.m. on Monday, August 3rd.

Cabin baggAGE: cannot be accepted on board before

embarkation time. Passengers will therefore have to collect their

Australla

New Zealand South Area Belgium France

Denmark Germany Holland

Italy ... Hurway Portugal Spain..

9 and 11 a.m. during which period Columbia cabin baggage only may also be registered.

BAGGAGE:

Passengers

Irani

2,803

1.61 10/10

02001

.1455

.2035

0200

Sweden

.1830

Bwitzerland

23341

MIDDLE EAST

Egypt

Itaq Turkey

LATIN AMERICA

Argentina

6725

buggage from the godown between

Brazil Hollyin Chile

,0300

,0013

0001

4220

Cuba Mexico Poru Uruguny Venezucia

,1183

note that ALL

FAR EAST

India Jakistan

2013

Hirngkong

.1750

Indonesia

requested to are

BAGGAGE must be registered as prescribed above.

Compagnie Des Messageries. Maritimos

Queen's Building

EVERETT

Tel: 26651

LINES

EVERETT ORIENT LINE

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

"REBEVERETT"

in Port

Salls

Loading

July 31 for Kobe & Yokohama.

"LENEVERETT"

A!Tivis Salts

Aug. 4 from Manila, Aug. 5 for Singapore,

&

Penang, Calcatta,

Rangoon

(Accepling carca fer transbipment Kobc/Pusan and Robe/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.

LAO

In Port

Sails

Landing

July 31 for Singapore, Port Swetlen- hum, Penang, Madras, Colombo, Bombay, Karachi, Khorramshahr, Basrah & Bahrein.

"STAR ALCYONE”

Arrives Salts

Aug. 21 from Singapore.

Aug. 22 for Naha & Japan.

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

EVERETT STEAMSHIP CORPORATION S/A Quean'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.

Singapore

Зарар

מפלים,

3210

300 yen to US$1 -United Press,

Successful

Newsprint Experiment

of

Board Tho

Trado | "war-timo" productions if there first half of is permanent pence in Korea, returns for the

1953 show that the volume of But, even without that, the our exports was about per post-war boom in Americo has cent above the previous six already lasted much longer monthis. But, despite this, our than expected and a change is exports have been going down bound to come at some time. In cach of the past three months. They are well up on pre-war, but so are our improt

needs.

What we are up against is П declining trend In exports Just when the fight for overseas customers Is getting fereer. And now we hear of a possible world trade recession in the autumn.

What would happen to our big exporting industries if there

In a recession In America?

་

Other countries are affected because Americo would exercise a downward pull on prices and purchasing power.

If America Imports less raw materials and fewer manufac tured goods, the countries from whom she buys have less to spend on U.S. products, na ulso on imports from anywhere else.

EFFECT IN U.K.

In Britain we should feel any recession in both ways.

If the sterling area countries

A shrinkage in world trade get low for their wool, Jute, just now, could certainly menn rubber, iin, coros they have heavy going for us in the first fewer dollars to buy collen und half of 1954. For exports

1953,

other materials from America. cow flowing out were ordered They in turn also have less months ago. But if orders fall money for purchasing manu- off later this year and some factured goods from countries companies are already saying like Britain. their order books are down-we shall take the knock a few months hence,

MUST RELEAEN

3

There is, however, no doubt that a trade recession in America would be met

by remedial financial and economie measures by the U.S. Government

too, the British

How well equipped are our Gaves would take econo-

manufacturers to withstand the onslaught on their markets?

mic action to maintain as far af possible employment and pro- duction and hasten recovery.

Our products are still as good as and many of them better than-any in the world, But, as REALISTIC ATTITUDE many industrial leaders have

It is hightly tinlikely that any stressed-for

Lord recession would develop into a slunce, Balilleu, chairman of Dunlops prolonged depression and sull we must relearn the art of more unlikely that a slump of selling. We must admit that our the 1829-33 order would ever esmen and our methods, occur again. There is, Indeed,

the right kinds are to

more

ore likelihood of a recession In be found, are on the whole not America being "sharp and good enough.

short.

2

OUT

After all, if we should really moving-as many people

arkl

everyone hopes

The North American market

I see no cause for best lam shows what can be done. It but a call for a realistic suggests, for

too, that our prices tude on the part of all concerned are at present fully competitive. with industry to increase For there, in the US. and emelency, prune our costs, and Caroda, many of our best cales- improve our salesmanship and men, helped by the Dollar Ex- are month after

after marketing methods. port Council, month hitting now sales records.

Sir William Rootes, chairman think

bo of the great Hootes New Delhi. July 30,

group, from sugar standing all day beside his cars Newsprint mode cane bagasse was used success at the New York Motor Show fully for the first time recently and showing his salesmen how

to sell, is fine example In India.

The Statesman,

Influential what is needed. BrRish-owned paper, used the newsprint to publish an edition. The newsprint took the Ink well and withstood the strain of the rotary.

of

into an era of real peace for the first time since the end of World War II, we may be on the threshold of the

greatest advance in the standard of living

all of the people of nations that the world has ever seen.

HONGKONG SHARE MARKET

(From Our Correspondent),

Business done on the Block Exchange this morning amount- ed to $302,058.00. Noon quola-1] tions and the morning's trans- actions:-

SHARES DUYENS"BELLERS BALES

BANKS

IK Bank X1 2529 1830 East A

INSURANCES

Смисл

Unton

LAND, ETC.

IIK Stolet

3 888

Page

Western German Output Soaring To New High

(From DENIS MARTIN)

Bonn, July 30, Western Germany's industrial output con 30tinues to soar.

So today I walked under a pall of acrid, drift- ing fumes into one of her great cellulose and synthetic fibre plants to see how the German people are doing it.

E

I discovered there has not been a strike here since

war and production has never stopped in tremendous day and night drive into the markets of

101

910

100

DOCKS,

K. Whert...*

Dock

Provident

31.50

11

Wheelock

4.00 0.70

8.70

the

7.90 7.25 2000

– 7,93

COL

01

215

500 251

Trom

M

P. Tram (0)

41

P. Train

(N)

Star Ferry

10

12,00

1200

21:00

03123

12.00

HK-, Land

S'hai 12.

Itumplirers Italiy UTILITIES

C. Ligat (0)

C. Light (N), 1.43 0.60 2003 € 1.65

Mectric Telephone INDUSTRIALS

Cemevi

-17 37.30

.... 28.40 18.60

10.30

18.30

10.30

10.30

10.00

400

16.30

Rope STORES, ETC.

17.00 10.30

Dairy

Wation

22.10 2311⁄2 500 € 27.38

N

the world.

In the oak-panelled conference Toom director Dr Mayer- Eckhardt-a returned prisoner

of war from Russia-flashed a confident smile as he reported progress.

German re-

"The secret of covery!, he said, "lles in the fact that free enterprise calls for the utmost from employers and employees.

"It also demands of industry itself the careful and considered use of raw materials and the Introduction of new and rational working systems."

This Arm-major planta hove berm

lost in the Soviet Zone L. Crawford 24.50 1000

has

moved

forward from COTTONS

dereliction at the end of the war Textile Carp. 5.05 3.70 500 6.06 to booming prosperity.

MISCELLANEOUS

Yangtze 044 0.90

3500 4 5.70

2500 * 3.05

Big Rise On N.Y. Exchange

New York, July 30. Oil and rail shares paced the Stock market In its best ad- vance since mid-June- rise which added one billion dollars to the total value of all issued stocks.

A

Gains of one dollar a cure were common In almost all groups, and in oils and ralis im- provement ranged to more than two dollars.

་ ་་་་་་་་ " The rise was accompanied by increased activity-to 1,200,000 shares from one millich 'yester- day. A large number of in. dividual issue redected good re ports today. The upturn added 2.99 to the Industrial average, 1.43 to

to rails-37%, and 16 cente to utilities.

Of the 1,050 Issues 072 were higher and only 157 lower.

Denver and Rio Grande issues, lower features recently, ran up

3% in the common. General Motors, with a good half-year report, Armed up also.

The New York Stock Ex- change bood volume was

at

The Rubber 2,040,000, and the American.

Markets

Landon, July 30.

HAVE PLANS

Too often in the hotly dis- puted markets of Western Europe, South America, the The only adverse--comment Middle-East and, to a lessor the Commonwealth, made by the printers was that exa the paper should be a little less

customers of British Aranslucent. However, it was firms see too much of the junior little of the not stated that this defect could salesmen and

100 be removed, as the paper was not top men.

Pe

have produced to serve really

lost money order's Lately because the buyers have

The rubber market was dull newsprint,

Me and casier, Prices of futures Newsprint from

able to get quick and sure bagasse has

ure were as follows:- tho German, great potentialities in

India. Pervice

No. 1 RSS spot Italian, More than 1,500,000 Lons of

or Dutch managing Butires director. bagasse is available yearly. At

while the Brush Settlement

General market cif 1042-35 prescut most of it is used as fuel. Junior enlesman has had to re-o, 153 pe bolaria

crepe August thiesc. 2131⁄2 meller

*******21 saller United Press. NEW YORK MARKET

New York, July 30. Rubber futures closed today

from

or

fer back to London to find out

he would extcud thia credits, vary the product, quleken the delivery date.

The call for good salesman-

19

1014-15 18%

It only a fraction could be whother diverted to the manufacture of

India could paper,

be self- sufficient in newsprint.

Successful munufacture of the

is by no means lost on the 10-30 points higher with sales to paper is due experiments

of Industry. The carried out by the cellulose and Federation of stritish Industries of 7 contracts.

Light covering paper branch of the Forest

tre to

to hold an export sales con-

In September delivery featured Research Institute at Dehra Dun, ference this autumn when they otherwise slow trade in futures. Researchers found out that the will try to

The spot market remained persuade British pith had to be removed from the

dull with No. 1 RSS al 23% need to improve cents a lb. Futures were as fol- Arms of the bagasse for the manufacture of

selling methods and after-sales quality paper. good

lows: Sept. Experimental paper was then service.

22.60 bid But when this la admitted, Dec. made by running bagasso pulp at we have still to face up to the March 1954 the Shree Gopal Paper Mills at bly question of a possible ro-May For the commercial cession in America with its Sept, Jamnagar.

30 per cent of inevitable international reper- run, however, bamboo pulp was mixed with 70

cussions. The per cent bagasse pulp.-United Press.

New York Sugar

Futures

New York, July 30, World No. 4. sugar closed today three points higher to two potain lower with sales of 351 contracts.

productive capacity in the US, is a huge that anything that happens to the American economy must affect the whole world.

A HALT

of course, houses,

July

12.30 bid

2223 bid 12.25 bid 22.25 nom.

United Press.

Ceylon Pact With Tito

Colombe, July 30,

The amount of hire pur- Coylon will trade ida; "Tubber chase buying in Amerien has and coconut oll against agricul- grown to immense proportions (tural machinery, under a trade People have agreement concluded with Yugo- during inflation. bought large amounts of "con- {slavia today.

Mr M.F. De. 6. Jayaratne, sumar's durables" like cars, re

of the frigerators, television sets, and, Permanent Secretary"

Ministry of Trade and

Com- But already there are signs merce, signed the agreement for Inflation is being Ceylon and the leader of the Janes Vipotnik, Secretary for Without the stimulus of in- In line with the raws. Futures all the American public Economic Affairs, for Yugoslavia. Mr Jayaratne said: "We have -closing prices werd as follows: are more likely to save money lagreed to · estehnoge. evdrything to pay off hire, purchase debts Instead of running up now onda. Except each other's politics."

Router The American Hikes to buy

Domestic, No. sugar changed to one point lower with that US.

sales of 184 contracts. The mar. | halied, which affects pay poc-Yugoslav trade delegation, Mr

kets were mixed with prices kels and jobs. tending to favour the soft side.

Contract No. 4 (world)

September

October

January (10QL):

Morth

May.

July

Septéniber

Hpat ternis par 10..

CUTAJ

Contenot

September

November January (1954)

turch

May

Fuly

September

Spot (cents, per

-NY ex

3. nom. 'the cars and TV sets offered to him in such abundance, but he 0.35.hid $37 nom.

can, at a pinch, get along with- 30 bia out them if he decides he would rather, for the time being, keep 2.38

máney In his pocket.

BOUND TO

COME

N.Y. Wooltops

New York, July 30,

Stock Exchange 200,000.

volume

WHE

Dow Jones closing averages:

30 Industriais

20 Rails

16 Utilities

65 Slocks

40 Bonds

Comm. Prices Index

Another Slow Day

In Cotton

New York, July 30, Exceptionally narrow fluctua- Hons accompanied another, slow pession in cotton futures today. Lacking incentives, the market remained buried in the rut galsting for a week or more, Liquidation by day-traders and Expors are now running of 35 light hedge-selling closed the per cent of total production and market on a mild reaction, while are going to Canada, Australia, mill buyers backed away. Yugoslavia, Belgium,

Final prices were at the day's Holland other and

European and, off eight to 10 points, countries.

Prior to close, the list ruled a irifle below the previous close most of the time but aggressive- hisness was lacking either way,

Bears were conscious

"about

West.

HOW IT HAPPENED How has it happened?

Eckhardt Diterior

and advisers list their answers in this way:

lows

pressing too hard because of the. Millions of workers lost their markets proximity to the loan of returning activity

homes in the war; production rates. Signs had practically ceased by 1045 in the cloth market and firm- and huge industries were almost Dess in securities also acted to demolished by bombs. Then

bulls 10,000,000 refugees flooded into

worried Western

Germans from the view of the Soviet East,

selling.

Convu

wan

gelling out too far until a clearer

possible.

crop picture L Current conditions Later, alt Germans had nine tenths of their savings slashed in were regarded for a seasonable the great currency, reform of good crop development, 1848,

Taxes were higher then In Britain

And German industrial workers were — and still aco --- "counter" paid less than thetr parts in Britain; the average wage remained well under £* in week,

ALLIES HELPED

All these factors, say Director Eckhardt

and his colleagues, combined to produce in the German

people a tremendous drive to secure even the barest necessities of life.

"In the fight for bod to shoes and a

cald strike"

time to

33.30-1

Prices of cotton futures were as follow-

Boot Oot

34.30

Doc.

34.08

nawet 1954 i

May

34.500 54.40

July

Dee

23.48 nom,

-United Pres.

NEW ORLEANS FUTURES

New Orleans, July 30, Prices of cotton futures closed

today as follows

Spot

Oct.

pair, of

Dee.

sleep in", "there was no

March 1954

May

July Oct

Furthermore, American aid has streamlined production in the new plants built in the bombed ruins. The Allies also helped by dismantling or ro moving antiquated wartime equipment.

With 273.82

184.98

49.05

38.04-00

34.20 btd

33.44 M

3343 bid United Free,

BAO PAULO PRICES

Sao Paulo, July 30. 'Frices of colton futures closed today as follows (cruzeltos per

August Dot

the field wide open, kilo);— Geman Ingenuity had full ideas, new pro- play for new cesses and total reorganisation.

100.38

95.12

While the rearmed,

150,17 -United Press.

Grain Prices In Chicago

Chicago, July 30. Prices of grain futures clored today as follow

Wheat-No. 2, d, per bushet in centa)

Spot

10415 Sept. 1004(H) 106 (2) 190

March 1954

{

Industry

rest of the world German hed forward without pra... |

aeroplane.

Zec.

March 1964

May

Jule

(In the United States, the

single tank, gun or average price of 18/10 middling cation at 10 designated spot Industry's chlets stcod nu markets was 32.23 ccits per; ib. risk of losing skilled men to Sales at these centres fointed

Germany silli 10,790 bales,)—United Preis, the army for has no soldiers. Now there is a flood of consumer goods, record numbers of cars on the road and rationing just a memory of the "bad old days,"

– LIKE OVERTIME ***Nov fáis. 'and Houses are going up at the rate of 400,000 a year. The

beamed Dr Eckhardt, #created an almost

endless demand."

May

Com(No. 2, yellow, per bushes in

cents)

Spot

Sept.

March 1954

May

July

Sept

July

Sept

Suy pean Prices per cent)

102

**E-M

14031 Bye(Prices per bushel in cena)

12915-250 OtPricen per bushel in cents)

7045-14 bishel in

tro

Spot

204 1.

Now.

Jan. 1964

31-23014

March

Aviation Talks Suspended

New Delhi, July 30. The Indian-American civil eviation.

negotiations have broken down agaid hero only

F

The director 'waved & well. the manicured hand towards sprawling acres of 'snoking chimtiya nud red-rooted factory bulldirags."

"Out there

he said, *they only too happy to work two days after they had been overtime. Everyone needs resumed following an inter money. And we pay double forruption of almost two months. Биладу and - public holiday Informed ZOUITES reported

that the new deadlock shifts.

occurred Hundreds of Soviet Zone re when the American proposals, fugecs...... have joined the main submitted last Monday by the body of workers. Hundreds Chier of the United States more are waiting for the chance delegation, Mr E. A. Bolster, the of a job.

BARD |head

on aviation "There are German economic staff on the State Department's

lon policy were to experts tell one, "well over a day found unsatisfactory by

the this Indian team. unemployed Im

The new suspension may only Gernatly has forces next week, may

you consider that be temporary and the talks Exchange Rates and that the country bar ab- In of a final breakdown

caso there 10,000,000 rein the negotiations, it was un- Business wis done in the local fugees, this, in itself, is a fan-derstood that India would then unofficial, exchange market this | tastic achievement." London ba toming at the following rates:- · Express Service.

M Berley-Price per bushel!

130-100 New York flour, 500 10. sack, $13.30 || millon United Press,

country.

"But when

Us, dolar (per 11}|_Je Sterling note (per (1) ► Indonesian gulders, (per 100) 19.76 Biam,floala (per 100)...essi Bingapore (3fruits) Mont Indo-China plastres (par 100)

17.85

27.00 1.820

8.20

Woollups closed today steady, JAPANESE BONDS

ten/points higher to five poleta Jower Prices.wore as follows:-

1776), 1833 Tom. 1910 nikeett

Ja: 101.9 bia - 1975. aka 1889 pla / 184,4

Sept.

0.55.blo 6.70 bri

In other words, an awful lot Bad nom, goods, produced in Amerfest

Tomaro of the "postponable" kind Merch 0.17 nom, front the coumimer #3 pakut of 2047 5.76 notti || vlow: A down-tofid, li trüdə: July Oct. thus started could be accentuate

Boot Pressed by the cessation af many

· 193.8 ^-

400,0002+United Press.

Landon, July 30, Japanese bands

"A" (48. of 1899). “B”. (43. of 1910) ... 172′′ [PC? (5a, at,1007) - 12435:

1. "D" (58. of 1924):10132 "E" (5,449, of 1930), 140 Consola

00-11/18. ---United Fross,

rozbed

Puequired to serve notice re

existing aviation agreements which would there

to be valid'' int upon

London Foreign sertion airlines are said by

Exchange

Now, York Montreal Amsterdami Trum

Zurich

Copenhagra. Paris:

Stockdialm

Deutsche LATE

Blocked Mark

Other, weSO

observers to be insisting upon the complete frocdom of opera July-20, - tion in India-which they have

$19% had in the past while India 1

restriel' auch -opera- Telia Trierungitonal

Iniz

a

now.

propos

Americans, along the Inc of those recently signed with the United Netherlands and Great Britainan

France-Presse!