1953-08-26 — Page 9

MESSAGERIES.

PO. Box 53. Queen's Bldg.

M

MARITIMES

Tel: 28631.

M

PASSENGER/freight servICE

Homewarde Yor Europe Leaves Hongkong

"VIET NA\"

*** Augual

The Marrilles Via

11 Sept.

Falzon

via Marsellies to all Mediterranean & West Africa ports. via Djibouti to: Madagascar.

freight servICE

Butwards Kiomi Europe БРАУН

···Burupt-Salled.

Leaves

Japan

Due Hongkong For

Yept 20/30 Sept. Зара 12/14 Oct.

Jongkong.

"COURSEULLÉS"

**** Europe-Balled

"AURAY"

"IRAQUADDY"

......Antwerp 1 Sept,

Itomewards For Europa

"MEKONG"

•Keelung-ha Anh,

27 Aug.

"COURSEULLES"

5 Oct.

"AURAT"

•Keeling-34 Oct.

4

Nov.

"IRAQUADDY"

Keelung-1 Nov.

Nov.

Аврам

For

↑ Saigon, Marseilles, Algiers, Oran, Tangiers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk.

Bubject to change without notice.

s.s. "VIET-NAM”

will sail for MARSEILLES

via

SAIGON, SINGAPORE, COLUMBO, DJIBOUTI, SUEZ, PORT-SAID

on

Wednesday, 26th Aug., 1953, at 4 p.m.

EMBARKATION:

BAGGAGE:

Passengers are requested to board the vessel before 3 p.m. on Wednes- day, August 26th.

Baggage room, hold and cabin luggage have to be registered at the Kowloon Godowns, Godown No. 50 (No. 2. Gate, Canton Road entrance) from 9 a.m. to noon, and from 2 to 5 p.m. on Tuesday, August 26th, 1953.

CABIN BAGGAGE; cannot be accepted on board before

Passengers aro

embarkation time. Passengers will therefore have to collect their baggage from the godown between 1 and 3 p.m. on the 25th August, during which period cabin baggage only may be registered.

requested to note that ALL BAGGAGE must be registered as prescribed above,

Compagnie Des Messageries. Maritimos Queen's Building

Tel: 26651

EVERETT LINES

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

"REBEVERETT”

Arrives Solls

Aug 28 from Manila, Aug. 29 for Hity]pore,

Rangoon

"BRADEVERETT”

Arrives Sofa

S

Penang, Calcutta.

Sept. 13 from_Singapore,

Sept. 10 for Kobe & Yokolumn. (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malayu, Colombo,

Bombay,

Karachi and Persian Gulf Ports.

"STAR ARCTURUS”.

In Port Sails

Loading

Aug. 27 for Singapore, Port Swetten-

Penang, ham.

Madras,

Colombo, Bou:buy, Karachi, Kharramshahr, Basrah S Bat:rein.

"STAR ALCYONE"

Arrives Sails

Aug. 27 from Singapore, Aug. 28 for Nuha, Kobe, Osaka,

Yokohama, Nagoya,

"STAR BETELGEUSE"

Arrives Salle

:

Shunizu

Sept, 18 from Singapore, Sept. 17 for Pusan, Kobe

Yokohama,

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

THE CHINA MAIL, WEDNESDAY, AUGUST 26, 1953.

For Red Chiha

Italy's Merchant Fleet Jap Chemicals At The Pre-War Level:

Target 4,000,000 Tons

Rome, Aug. 25. Italian, shipbuilders, who have already

HONGKONG brought the total tonnage of Italy's merchant

SHARE MARKET

(From Our Correspondant). Business done on the Stock cil to $285,080,60. Neon quota

Exchange this morning amount-

tions and the morning'a trans actions:-

SHARES BUYERS SELLERS BALES

BANKS

Hi Bank... Eat Ada

INSUILANCES

Cantors

Union

Underwriters

11K Fire

SHIPPING

Asta Nav....

DOCKS. ET('.

K. Whart.. Dock

15081815

(10 15

4.90. 5.10

BX

21.30

S'hal Dock.. Wheelock .. 0.60

LAND, ETC..

11 Hotel

1 Land

1910

10 150

fleet back to pre-war level, are struggling to reach a total of four million, tons within the next two years.

They had to start almost from scratch in 1945, after losing most of their merchant ships in World War II. They were also faced with the need to reconstruct war-damaged ports and shipyards, and to enlist new technicians, many of whom had been dispersed during the war.

By the end of 1952, all the regular services of the established steamship, companies had been resumed, and there are now 63 private companies operating compared with about 30 before the war.

But "the bulk of Italy's 1,071,000, tors, which are over 25 merchant trale is carried by years old. four principal State-subsidised The urgent need for saving companies, Italia, Lloyd Triestino, these

agchig ships is the Adriatica and Tirrenia. These greatest problem facing Italian are known as the Finmare Group, shipbuikers, and the only one Italia operates on the Atlantic which makes them less confident routes to

the Americas, with then their Government that the such fast and modern vessels as extra tonnage can be completed the Saturnia and Vulcania (each in the time. 24,500 tons), and the turbine- 40005 engined Andrea Doria (30,000

lons).

7.05

a 4500

7.95

01's

They feel that the Anancial burden new construction is too great

to allow adequate A ship in which Italia puts renovation of obsolescent ships. 02 2004 S'ha f.and 1.46 11 1000 1.40 Brect frith for the future and They say that they cannot put which will join the Andrea Doria by reserves of capital in view of next

is the recently existing costs and continually усот, launched Cristoforo Colombo, rising prices, and particularly in now

Genoa, view of the present Italian fiscal being fitted at birthplace of

the sailor who system. discovered America

Humphreys..

10.40

Tram XD... 349% 24.70

UTILITIES

Peak Tram

42

Star Ferry XD 17

Light 101 12.00 12.20 162812m C. LIGNE (N) 8 8.65 214 @ 8.

1000

2000

Electrie Macau Bles Telophone

INDUSTRIALS

Criment

....27.30 11.00

.... 10

19 2700

ไอ

19

300

23.20 23.20 3100

23,70 2015

were

Cardiff (Wales) shipbuilders Two older turbine vessels, the recently suggested that a certain 8.1524,000-lon Conte,

Grande and percentage of taxes paid by them Conte Biancamano, serve South be put aside at a fixed rate of 1000 4.20 America in company with the interest as a reserve to finance

100 31.00 sister ships Augustus and Giulio loans for the

construction of Cesare,

both 27.000-ton motor now tonnage. The Caesars

Italy's Federation of 18.500,

Free completed in 1959, while the Slupbuilders welcomed

the Conte, ships were modemised proposal. 23.20 after the war, having been

In recommending that built the Government

study the in 1941.

possibility of fitting the proposal Lloyd Friestino serves Asia, into the Italian tax system, the Ewo 2.3215 2.00 1200*2.52% Africa and, Australls Its feet shipowners stressed that their

of motor vessel the 11,000-ton activities had

put $165,500,000 Victoria, the 11,400-ton sister into the Italian exchequer in ships Africa and Europa, and 1952-China' Mall Special. the 13,000-ton Austraila, Oceanio and Neptunin

Rope STORES, ETC.

Dairy

Watson.....

1. Crawford COTTONS

Textile Corp. 5.50 $.60 MISCELLANEOUS

Yangtrze

0%

(Ni

3000

6.10

The Rubber

Markets

36.06

71-76

were

completed in, 1951. Two, similar"! liners, the Messapia and Enolria, both 5,204, tons and, only two years old, supply Adriatica, with the

Eastern Mediterranean service.

"Their older sister, built in 1041, is the Emeria (9,000 tons),

re-equipped which was luxury liner after being sunk by the Atles and salvaged in 1947. She now plies between Kaly and Egypt.

MOTOR VESSELS

as a

The last company in Finmare group is Tirrenis, which serves North

Africa, the Central and Northern

Mediterranein

SUGAR

1.

EXPORT TONNAGES

Lention, Aug. 25. The executive Body of the In- ternational Sugar. Council will bold, its frat meeting in London next December 18 when call- mates of the free market will be made.

Singapore, Aug. 35. The market opened caster but reserve of steadied ou the sellers. The closing futures prices were as follow- No. 1 rubber per 1b. AUR. 647-65

Sept. Oct.

unquoted No. 2 rubber per ib. Aug. 52-6315 No. rubber per . Aug. 01-02 No. 1 rubber, per i. Aul. Spot rubber 'unbaled 611044 Blanket crepe No. 1 pale crepe United Praks.

The basic export 'toonages 19 -LONDON. MARKET-- Europe with a fleet of five the free market under the agree

London, Aug. 25. modern 5,000-ion #hips, allment are as follows:- rubber market waa | completed between 1950 and

** Belgium stendy. No. 1 RSS spot was 1952. They are the motor Braz!! quoted at 1936 pence per lb. vessels Sardegna. Sicille, Lazio, Formosa

and Calabria. Į Cuba Settlement House prices, were as

Campania Felix Finmare operates on. 46: lines on Czechoslovakia 1936-3 compared

Donniark with the BO State

Dominica controlled lines of the pre-war. 10- controu

France 1-period.

E. Germany But

there is the increased all

Hungary activity of private companies to Indonesia be taken into account, and the Mexico fact that State subsidised Netherlands

Feru run many more Philippines services than before Polend

USSR Yugoslavia

The

follows:-

Oct.

Nov, Dec.

30/March

Oct/Dec.

Apri/June

July/Sept.

1042

United Press. NEW YORK MARKET

New York, Aug. 35.

Rubber futures closed five actors

In a recent

Columbia

50,000 metric-tons 175,000 400,000

1,000

can-

During

Tokyo, Aug. 25.

The period January to July this year, 8205,890 worth of chemiemā.. products were Authorland for export to Communist China

Lions

in berien iranimpo»

Brures je to toldp Phosphate of Kims toget the 1 followed by spłock and dyestuffs, frang Pres

TRAMP FREIGHT

RATES

Page

Chile Tries To Recapture Copper Market

London, Aug. 25,

Chilean, coppat production, has been accumu lating since April and the authorities there are now engaged in international negotiations aimed at selling the backlog and at recapturing a market for nominal production.

Upon the success of their efforts the balance now. established in the newly opened London copper, market must depend, and it is worth analysing the dimensions of the problems, and the possible ways in which it may be resolved.

Chilean production, for the Even. If the immediate. theregt first seven months of 1053 was of Chile's surplus coppar should 217,812 short tons. indicate an annual rate of about the U.S. stockpile, there will sullt This would be removed from the market by 376,500 short tons, which is not be some adjustment required in for off the 1952 output at 374-world markets to 310 tons. Assuming a monthly Chile's normal production, Most

tako up

US, where the market is r

London, Aug. 25. As previously indicated, the UK Chamber of Shipping's.index Figure of Freight rates for trump steamers for July has been based on. the average for 1952 0 100 per cent against 1940 previously The weighting of various trades cusut of about, 31,000, tous, hay of this will go oneq again to the have been

new can this be marketed? revised mid routes included in order to give

United States cansumption want to price changes and, ne

violent a more up-to-date reflection of may be taken as 120,000 tons a

lent reaction need be

be ex- pected. But some copper wit the tramp shipping market. The menth. Actually, in the first be ousted from the U.S. market, new figure for July at 75.8 shows half of 1953, it was 803,000 tons, and will have to be

sold cipo a slight increase on the revised but this was a record, and the whero. figure for Jime on the now bania second half of the year normally Chilean copper to be sold.

whero. There will also be same. slackening shows

off. ver to make the old basis. order to make Traditionally, the United Stateside the U.S., and it probably

will not be allowed to future comparison the Chamber meets a need of 120,000 tons gave revised figures for the first month with 80,000 tons from

Russia-China Mail Special. months six

of this year as domestic production ind 30,000 follows: January anword. 70.3.

tons from Chile. 80.0, 83.2, 85.6, 02.2 and 73.8.

And

Since April, Chile has last her Valted States market through failure." für ddjust her price to meet competition from African and other producers. She lost her Europetin murketa

carlier.

to the copper

although the index year dangt price from

Canadian Trade With Australia

The fact that the index is based entirely on actual Axtures, however, still tends to give t somewhat different picture of the market than actually occur. red, for shows a gain of two points on The the month, it

it would be hard to market at

where actunt uncertainty as to what, mensures trades Improvements over, June were the Chfical duthorities may take

Ottawa, Aug. 35. secured. The

for this is to find a market for their pro- reason

Canada will continuo this year the time log between Axtures duction, and for the accumulated to sell about twice as much to such as the

incorporation business

of backlog, catlmiated curly this Australia as she buys from her વાં which,

month at 05,000 tons and grow-sister. Dominton, a trade official below

that

ing daily..

predicted.

Mr C. M. Forsyth Smith, Assistant Commercial Secretary for Canada

Australia, cart that "no substantial change in the pattern of Australian Canadian trade is expected during the coming your and the volume of trade will probably remain close to last year's level.

CLEAR OBJECTIVE Clearly, their first objective must be to restore the traditional United States connection. There seems to be little doubt that they will be able to do this.

The big Chilean mines are American-

owned

and have shown in the past that they are

rotes though nominally which would have been secured in June, showed slightly favour- able with the average rate

for secured

that particular voyage in 1952.

In those trades that gre regularly active declines were registered for coal from Hamp ton Roads to Antwerp or Rotter dam which average around 20s.

Mr Forsyth-Smith, writing in 3d.

v against 308.0d in June, heavy

tha: v weekly department publica- grain: from the River Plate to dy to co-operate in selling tion "Foreign Trade", noted that Chilcan copper to the American Antwerp, at BBs 9d against 72 Chica nd, also from the North Pacific consumer at higher than normal | Canada amounted to the past year Australian prior of the Government in

They have moreover bygg about A 20,000,000.

scope for Australian which has some

in Canada goods

was tirgely responsibility for ensuring well-limited to

dried sugar, fruits, canned meats und trujto

and sausage casings.

UK ak 054 Bd against 70s Od and sugar from Cuba to the UK nt 05s od against 663 Od-China Washington Mail Special.

Advocates More Trade With Japan

that

being in Chile.

The Chilean mines therefore con look to the United States for

The The

wool

"Imports from Canada were

a protected market, provided valued at about A£10,000,000

their price demands are not_foo axcessive. The minés themselves nood not worry about price, since anything over 24 cents is taken 100

per cent by the Chilean tx collectors.

-It - la --condeivable, therofore,

BEST HOPĘ · (2

down

roughly £2,000,000 from the previous year," he said.

Main imports from Canada were motor-car parts, lumber, newsprint, copper, asbestos and tobacco-United Press.

Sharp Losses In Wall St.

that the United States, copper mines might force Chile down to this price before according her Washington, Aug. 25.

traditional

semi-protected imports Philippine

from the Japan were second only to those share in the American market. from the United States before But they will not do this unless World War II and their full re-developments in London force world brices down further, As sumplion would help the Philip things ure at present they would

New York, Aux 25. pincs economy. today, spid

Stocks suffered some further of probably be glad to accept Senator Francisco Delgado

Chilean copper at 29-90 cents, sharp losses in increased activity, the Philippines, today,

or slightly above, the current ampered by a aubatantial res today, but the doclian was U.S. price. made The Senator

the ap-

covery in ralis late in the day. praisal of Filipino-Japanese re-

Prices moved off one and two that lations by pointing out

points in, an early extension of to But Chile will not be able to yesterday's breaks (the wideat Japan. has already, report on the activities of private shipbuilders

two of the three conditions act dispose of the whale of her glace June 2), touched thele fows In an effort to satisfy the a plea was made for more private, producing countries, the

the Philippines for the initia copper in the 'U.S. African pro, around noon and then turned enterprise as the "real motive ference raised the estimated tree

tion of 2 and -

duction has now got a foothold force

Italy's

thq. merchant market #gure by 385,000 tons.

of the financial there, and cannot be squeezed Rails led the move in both

dxrections. marine."

Under the agreement, the, quotas reparations

was left outstand-

out entirely.

Volume Increased to the best ing.

The

which Whether by State or private of the Commonwealth countries

points to

The best that Chile can hope total since Junt 9--1,470,000 Japan has agreed to at the time for is to sell the "traditional shares against 1,320,000 yester Initiative, Indian shipbuilders under the Commonwealth agree- have made tremendous advances mould not exceed

when he discussed the matter 30,000 tors a are fixed. Together they

manth, and the day. total of with high officials in Tokyo, probability is that the guro since the end of the war loft 13,793 tons for each year of the Senator said, were as fal-will be rather less.

Market men continued at a them with only 220 vessels (groan 1954 and 1955 and 2,490,018 laws;

whs for any concrete expiana- tonnage

Chilean 345,400) in

waytion of the selling. They said 1945, They now have 1,083, ships of over 100 toris, In 1950-United Press.

1. The kind of reparations in estimated above at 31,000 tons à récent poor action” of rails bas.

month, so there may be as mucli had a damping effect on other tons, with a total tonnage of 3,403,427, or nearly 100,000 more

us 5,000 tons à month to be sections. The weakness in rails 2. the time span in which the sold in markets, outside the they attribute to caution over

United States

the effects which possible fourth The Chilean Government has quarter business adjustmenta The Senator said he had sug-troclaimed its intention of sell- could have or full year earus gested that the Philippines were ing to Russia If the Russians can ings.

Despite the late rally which ready to accept one billion find the dollars. No doubt the dollars in contrast to en carlier Iron Curtain countries sugrally

lified prices more than would provide1 ari-odéquate'

points lower to 20 points higher the war. with sales of 14 contracta.

Dealers Activity was slim. quoted spot No. 1 ribbed smoke sheets at 23% cento per ib, and Indicated less-than-routine fac lory interest in the market. Futures closings were:

22.03, bid 22.05. bid

Sept.

Dec.

March 1974

May

&

July

EVERETT STEAMSHIP CORPORATION SIA

(Incorporated in the Repubic of Panama

With Litled Liability

Queen's Building, Telophone 31206. Chinese Department: Folophono 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

Sept.

23,10 bid

23.10 (d 29.10 blď -United Press,

New York Sugar Market

ان

than in 1930. The greatest in- erense, which shows the direction

of Italian commercial ambitions, is in the number of tankers.

In 1930, there wore 107 tankers New York, Aug 25. with a gross tonnage of 430,827. World No. 4 sugar futures | Today, there. are 100, with a closed today unchanged to two gross tonnoge of 750,715,

and points bicher with sales of 435 more are being launched every

month. contracte

Doniestle No. ́0 sugar closed oné point highér to one point lower with sales of 33 contracts. Futures prices closed as follows:

Contract No. 4 (World)

3.32 601 usquoted

Sept.

Oct.

Jan. 1934

March

'May

A TARGET

goods and services; and

Grain Prices réparations would be pakt

In Chicago

Chicago, Aug 23.

today, as follows:--

Prices of grain futures closed Wheat(No 2, red, per bushel in cents>

MATCH 1554

100 om.

18014

10

10/11

The tonnage of passenger cargo Boot ships has failed to reach the pre- | Bept. war level of 215 vessels totallings 1,095,353 gross tons, by 105,471, may tons, while purely cargo ships Com(No 3, yellow, per bushel have passed the pre-war figure in cents) 258,005 tons. All these Boot

3.63 ekan.

5,41

1.47

July

3.02

by

Sept.

3.54 nom.

Spot-cents per lb. tob

Cuba) i

Contract No,

Jan. 1954

figures relate to the period Bept. between 1930'

and the end of Dec.

2arch 1954 May

1953.

unquoted

3.50

6.50 hid A special ministerial

4

com- } Rys—(Prices per bushel, in Baked milico entrusted with national cents

Babid

10732-14 coonomie plannkig recently laid out. down

a target of a further ed

Osia(Prices 500,000 tons of new shipping in coats)

per bushel in the next five years, to be, achieved with Government help.

of

1.50 5.01 o. 5,30 notes, 5.77

**United Press.

Exchange

Bapt.

Boybe Shipowhere recled the proposal in cena)

Spot

Rates They claimed tha

•

conor.

forch

Husin was dớng in the local Curso y capital SCOPE, HE Į TAI," 1954.

market this laying by,

undicial rexETANKU hornies at the following ratas

Indonesian gunders (per 100) 2-

Bierling notte (pór, £)).

Siam ticals ((per 100) -

Singapore (Stralia)

Indo-China plastres (per 100)

5.04

on the

renovation and re-equipment,

In support of their argument, they declared that the present cents)

Spot

Pried "pur

estimate. ot eight dollars. Diplomatic circles

production

dollar from the day's lows, all Industrials, 30 cents Lri rolls and focions closed lower-11:25 in 10 cents in utillies.

Industrials reached backs

gure output

U.S. noods. at that the regarded the gure et for the surplus of Chilean

vm as being high and

that sald

But the problem. Là com Japan seemed to be in no post-

the June 22 price levels, rails tion to meet it. Implying that plicated by the surplus stock.

to June 8. Of 1,112 Issues the Philippines would possibly The main hope of selling this

les, in the US stockpile and traded today, 834 finished lower, agree to n lower sum, Scantor Washington is hot likely to 141 of them at new. lows. There Delgada stressed that Japan rescue Chille from the cott were 214 higher. The New should say what in their opin sequences of an abdurate pricc York Stock Exchango lon they are able to pay that polley, without some assurance volume was at $2,333,000, and bond would give a basis for negotias that she will not trade with the the American Stock Exchange tion United Press,

jenomy, pharma

volume was 380,000 shares. Untied Fress.

LONDON TIN

MARKET

anu

ANJUSTMENT NEEDED. Negotiations with the stockpile are now on, Washington is engaged inter-departmental exercise fore deciding what can' London, Aug 25.

The stockpile has been out Thơ in thidskot was steatly.

for some inqnals, having bushki Spor gained to £6034 anki three-

mbucha tin cote the same amount potentially full, that is to say to1i@003-per-long Son." "Turn="

272 nom. 25415-34

merchant flect includes 383 New York nout, 500 lb. sack, $15,40 cargo slips, representing)Ualled Press,

Faction 1.4, stage at which', IE`

oved wiis, 50 tons. Closing prices: kavg. KAP

Spot the, buyers

Trainees:

Bettament

Bellers

τομία, be „full de prodhueces whe opplans to sell

from

copper af

to

Winnipeg Grain

Prices

Winnipeg. Aug. 25.1 Wheat price plosed todays follows:

***|| 13114y={Prices cents pse

30. cents, e, pound take them up The more price of copper falin the fuller, the stockpile becomes." The UB) Treasury is out' af fimde, stud there is an economy drive on.

10015-