1953-11-18 — Page 5

COMMERCE SECTION

JAPANESE

TRADE

Shipbuilding DRIVE In Germany

GRAVE THREAT TO UK

London. Nov. 17.

Japan would soon be a com- petitor

of "considerable strength" in the world bicycle market, Sir Harold Bowden, Chairman of Raleigh Industries Limited, raid today.

mg

from all over the

Britain's Need Of Synthetic Rubber Industry

Britain's lack of a synthetic rubber fiidustry Raleigh re is a weakness in our economy for Whicflg on Sir. Harold said: "Japan's national and commercial grounds, we must find au quality of workmanship Is im Answer," declared Lord Baillieu, chairman of the

and we must consider Dunlop Rubber Company.

Merchant shipbuilding rétürks

for the th

in the near future as a

He said 80 per cent.

quarter of the year, issued by Lloyd's Register of

of considerable Opening the new building of the National Shipping, show that, for the first time since the end

College of Rubber Technology at Holloway, of the production 1,250,000 London, Lord Baillleu declared that the standard of the Second World War, Gerittany has beebint Raleigh the leading country abroad in the volume of ton-machines a year was exported of living of everyone in Britain and throughout and the figure was increasing the Western world; "the whole structure of social nage under construction.

China Mall Special.

JAPANESE COMPLAINT

As much as 59.7 per cent of that tonnage is for registration in other countries, a proportion that is only surpassed by two other countries in the world the Netherlands and Belgium.

וניני

,

New York Stock Market

-1 1

and welfare legislation of the modern State," was virtually dependent upon supplies of rubber from Tokyo, Nov. 18. the Far East. Japanese mccufacturers here have ecmplained that thei: The raw

material strategie exports were getting a bad re- nxis of the modern workd Through the Micille Mere tonnage was commenced lands (308.439 ions), Sweden putation because foreign com- stretched.

panies were producing cheap during the quarter by Germany (140,650 tons), France (110,720 Smitations marked

Erist, India, Malaya and "made In tinh by any other oveŕšens tens), The, United States

of Jos

Indonesia, Oll, manganese, men. country, and the German total | America (102,005 tons), and

taid prodels were being in and rubber came in abundant 204,203

Imvasare frem these territories. tons

is only 4,040 Belgium (100,075 tons), repre- confed, particulars in Central tons less than the British gure.senting 30.7 70.1, 44.8, 28.0, and South America, Fehmore and It the control of thes Germany began work on 10.2 aid 03.8 per cent, respec- Communist China. The Japanese territories werd to us into larger number of ships - 35 tively, or tonnage under con-Trade Ministry reported 45 uses hostile Hands, then our way of

New York, Nov. 17. compared with Britain's 47. struction in those countries, of overseas imitations of

Declines of a point or more in life and the resources for our returns show that

TANKER CONSTRUCTION

Japanese gods-Reuter.

defence would be gravely im-a few leading lasues gave the steamers and moturahius of 100

LONDON TALKS

perilled

stock market inother $80,000,000 ass 100 gross

and upwards under

Oll tankers under construction

"While the shock of such a loss today. construction in Great Beltain and

Tokyb, Nov. 18. disaster, would be cushlbied in Northern Ireland at the cut oftalled 194 ships of 2,210,500

ths, which is 2,400 lận: inore The Japanese Minister

The decline gured on the In North America by their magni- total value of all Usted stocks- September totalled 316.

ships of

Asakal, ficent synthetic rubber manu-dropped prices for all groups to than In June last, and repre- London, Mr. Kolchiro 2.190.329 gross ton-in increase

probably bo appointed facturing dustry. Here, we of 06,704 tens

as compared with this 58.2 per cent of the total will

arbid. chief of the Japanese delega should have no such theurahee the lowest levels since the end tennage the previous

of October. quarter. and the highest totul stuce Murch, 1952. font idder construction

They of the total. 91 ships of 641,645 United States of Americu: 20 of President of

24 of 300,674 tion to the forthcoming Anglo-Lord Balilicu declared.

Hapanese trade talks in London the in

industrials were hardest hit

· DEVELOPMENT NEED if Mr. Toshikais, Okubo, former

with declines of I the Yokohama tons were Atting out aftent, and 243 2

point or so 313,256 tons in Germany: 20 of Specle Bank, decllries the post,

"Rubber-natural or synthetic in issues such as Allied Chem!- 225 of 1.548,884 tons were still 317,602 tons in Italy: 17 of Government sources here sold.-la strategic material theca Du Pont, Bethlehem Sicel,

252,224 tons in Franes: 20 of

-Reuter,

of which

is absolutely General Electric, Westinghouse. 225,030 tons in Sweden: 20 of

essential to any great Power in and Corn Products pulling the 211,600 tons in the Netherlands;

javerage down 32.05 on the day. (and 14 or 125,010 tons in Japan.

Apart from those countries ex-

there

under

to be launched.

FEWER ON STOCKS

wing bulit,

During the quarter, tonnage on stocks actually decreased. and a considerable increase in tonnage Atting out afloat is alue excluded, to a very low figure of compic tiens.

Forty-seven ships of 289,233 tons were

commenced, 57 ships of 323,414 tons Were launched, and 47 ships of 318.- 967 ions were completed.

steamers

were

construction in the world 1,103 and motorships of tons, of which 5,091,420 gros 36.6 per cent was being built in Great Britain and Northern Ire land. The total shows a decrease of 46,003 tons as compared with : the figures published for the previous year,

HONGKONG SHARE MARKET

.

supply

beaco or in way.

Firmicas in a few rails Bup-

Speaking at a luncheon -afler ine'

opening ceremony, Mr P. W. Howard, president of the Federn ported that group most of the tion of British Rubber Manu-day but a preponderance of small facturers Associations, sald that losses put the average down 16 the industry, in recent years, had found itself faced with a number

cents. 1

Eastern Pipe Line weighed on of new synthetic rubbers, and the Glities and the group other synthetic materials.

LOWER OUTPUT

closed 25 cents lower.

1

were

downturn

caution In

"Some of these materinis we

Market Tonnage under construction

have

Into

our own adopted

commentators for registration abroad or for

techniques some are competitors not surprised at the market 10- sale amounts to 90 ships of

(From Out Correspondant), of rubber itstif.

warned The develop. netten although t 593,711

In tons. This Is 42,381 The ships being built in the

the that ment of these materials Yesterday's increased activity further expansion of its uses business prompts tons less than at the end of world at the end of September June. last, and represents 27.1 included 28 steamer's and 5B on the Stock Exchange stacken-of natural rubber are essential market operations. per cent of the total tonnage motorships of between 0,000 added to some extent this morning, to bur prosperity." He declared. being being built in this country. Of 8,000 tons each; 37 steamers and put the value of transactions these ships, 12

of 33,270 tons 34 motorships of between 8,000 ached $359,978. Noon quota- were commenced during the and 10,000 tons; 64 steamers and tions were: quarter. The total includes 25 88 motorships of between 10, SHARES BUYERS SELLERS BALES ships of 232.100 tons for

Nor-000 and 18,000 tons; 30 sec BANKS tons for and 11 molarships of bettwen way, seven of 88.397 Liberia, and tch er 80,905 tons 15,000 and 20,000 tons; and 31 for Panama.

steamers und four matorships of between 20,000 and 30,000 tons each.

They will leave for the Tonga will be more in line of a holiday. | Islands, another British posse1- The Britannia will pick up the sion, to receive a royal reception Queen

at Tobruk, in northern by the only other reigning queen And Africa,

the inke her on ain

Emplie-the six-foot Mediterranean

tour and

the Queen of Tonga, who won the make a leisurely four-day trip hearts of Britons at the Corona- it is being carried out through back to London. the General Council of the TUC

The Queen and Duke will take by

Women's olen their historie tour abcard!

fell Islands Queen Advisory Committer. The com a chartered BOAC Stratocruiser. Elizabeth sails for Auckland, mittee's secretary is Mrs Mars By to Gander, Newfoundland,

aret McKay, the TUC's Women and then

Bermuda

New Zealand, arriving just in ime for Christmas. During her Omeer.

Jamaica.

one-month stay In New Zealand, she will formally open the New

The Royal couple are due in In tropical Jamaica they whiZealand Parliament."

on Feb. 3, and will

1

National

The survey asks, in effect. such questions as "What are the deltes in organising women:|

10

FLOATING PALACE

and

From Tonga-known *Friendly

AFRICAN TOUR

The Gothic will stop of the Cocos Islands on April 5. did Ceylon on April 10.

A six-day trip from Ceylon will take the royal party to Aden, British protectorále bordering Saudi Arabia.

Oil tankers totalled 104 ships of 1,178,520 tons, a decrease of 33320 tons as compared with last quarter. The present figure represents 53.8 per cent of the total tonnage under construction in this country.

U.K. ACTIVITY

or the total under construcz tion in Great Britain and Northern Ireland at the end of ORDERS OUTSTANDING

September, 1,151,589 tons, con- The volume of orders out-sisted of steamers and 1,036,730 standing has been declining tens of motorships, while, steadily since it reached a peak at the same date, the

tonnage

.com-

HK Bank East Asla

1315 1525

170'

INSURANCES

Lombilird Union XD 84212 Underwriters 0.15

SHIPPING

Waterboat

DOCIES, ETC,

Bock... Provident 12.70 12.00 Strat Dock .. Wheelock

Lacking incentive traders and investors paused for consolidu- tion and this was reflected in World production of natural stacking of volume to the rubber

further during lightest level since. October 27: September by. 7,500 tons to Sales totalled 1,250,000 shares At the same time, compared with 1,400,000 yester- 45 1525140,000 4ons.

world consumption rose from day. 112,000 tons to 182,500 tons.

11 3421

The September figures, an- nounced by the Secretarlat of the International Rubber Study ..10.20-10.00 400 19.0 Group brought the world produce tion of natural rubber for the first nine months of this year i. 1,205,000

the world tons, and consumption to 1,170,000 tons.

The high consumption £gure for September includes estimated 1,00

7.00 Imports into China of 9,250 tons. 7.93 For the first nine months of this .. 0745

is estimated that Russis Bear, 17 17:30 27517.10 has taken 41,450 tons of natural rubber, and that China has taken 44.300 tons.

LAND. ETC.

HK Hotel

HK Land S'hat Land Humphreys..

2

B:55 0.00 3000 m

1000

I 1000

1.40

5.00

what are the objcelions to board thetloxury cargo-passenger Australia trade unions: what part do your liner Gothic, which will be the stay there unill April 1, touring members fake in union activities Royal Family's Hoating polace that centincnt from one end to and how much are theyre until the end of April.

the other. The Queen will also presented on cutside bosles in

The gleaming white Gothic-open the Australian Parliament. which unions re interested?" Yegular απ the Britain-to- Australia run-has been given a thorough beauty treatment.

Although made it for a queen,

| of 2,684,203 lons a year ago. being constructed abroad the Gothle will still be filling its

Ships for which plans have been prised 1,881,070 ions of steamers routine mission of carrying a

approved or material ordered. and 1,920,024 tons of motor- load of

cargo unassembled motor cars, sicel sheets, salt and

but which have not yet been ships.

aggregate chemicals destined

New

commenced,

The total tonnage under con- of struction in the world 2,288,174 tons--a decrease of the stops on Zealand, une

Here the Queer and Duke leave 105,187 ions since the previous cou the royal tour.

C. Light (N) 0.69 9.90 10000.00 end of September Electric of bull amounted to 1,005,203 One feature of the cruise at- the Gothic and board a chartered quarter. The proportion of oil countries other than the country

Macao Elec. 10.10 for a quick tour of tankers has fallen slightly from tons, of which 31,2 per cent was

Telephone ever. There will be no regular Africa with mosphere will be missing, how- airliner

the first stop et 60.7 to 80.3 per cent.

being built in Great Britain and and motor-Northern Ireland. The countries Abroad, steamers passengers once the Gothic leaves Uganda in the steamy equatorlhi Jamaika.

regions.

ships under construction at the "Importing" the largest amounts end of September totalled 787 of new tonnage are Norg STORES, ETC. in two-day stay a

Norway (450,514 tons), Liberia

(254,245 and Panamin carries 83 passengers, will have Uganda British protectorate ships of 9,801100 tons gross-a 15 ndthom Atriča. | pared with the figures pub-

Discovery's

Last Voyage?

of

Aller 18 years as one of the *sights

London, Scott's Antarctic ship, Discovery, has made the voyage down-river,

She will only return it the Admiralty decide to turn her

on the Thames.

for

The liner, which normally

members Br entourage.

رو

After

The

now

UTILITIES

Trany

for

Star Ferry..

25.00 131 200 W 138 C. Light (0) 19.80 14 500 13.00)

27.70

Natural rubber slocks at the

(excluding

23 2050 23.50 Government stacks hot available to industry in the U. K., the U.S. and France) stood at 825,000 tons,

23

INDUSTRIALS

or

Cement

38.40 1815 203

18.40

Rope

inte an addition training ship full party boord made up of they will taka GT on April; §0 i decrease of 112,7G7 tons as com- tob? the countries making the

Queen's for Tcht vncii Britannia, will I fished for Juno last. As was the largest additions to their exlit- | COTTONS This includes several private be walling at secretaries, two ladies in waiting, closing and the open sea, the Discovery equerries, a Royal Navy medic which include son use, last quarter, figures are noting fleets are Great Britain and |

Shorn of her tall masts so that sho could pass under

the few bridges between Londen

has been docked for survey,

fra

Press.

days

Tobruk

a!

the

officer and Vice-Admiral EM.C. Mediterranean fortresses of Mallu If the survey shows the 32- Abel Smith, former naval at and Gitar

The Británii' leaves built year-old wooden vessel to be in mehe at the British Embassy In Kood condition, she will almost Washington, and a 30-piece an 11, London-Associated certainly take her place along Royal Marine band. side the two London Division Royal Naval Volunteer Hoserve ships which are already moored off the Embankment at Black friors.

United

of

Yonize

Honkew

10 18.40

1000 e 2

LONDON TIN MARKET

than at the

7,500 tons more beginning of this year.

Olls were also among tho hardest hit issues.

ON 1,102 issues traded 500 were lower, 244 higher with 8 at new highs, 33 at new lows.

The New York Stock Exchange bond volume was at $3,410,000.

The American Stock Exchange volume was 330,000 shares.

Dow Jones closing Averages were:

industrials 20 rails...

15 utilities

65 stocks

50 bohde

273.00

10.41

$122

104.00

17.99

Comm. future price index 159,10 -United Press,

NY Cotton

Prices

New York, Nov. 17. Prices of cotton futures closed today as follows:-- Spot December

arch (1904)

United Frem.

SAO PAULO PRICES

.

Indonesian rubber exports

Dalry

23.30 2400 23.0 during September totalled 59,310 Walton

22.40 22.70 1000 22 tons, making 517,308 toris for I. Crawlerd 23.7030023 the first nine months of 1953.

SYNTHETIC POSITION. Ewo * 2.10 2.33 1020 2.101 available for China, Poland and

Ireland na Northern

Textile Corp. 040 643 (1,702,358

World production of synthetic Russia.

(022,914 tons) MISCELLANEOUS

rubber also feil during September abroad, tons), Norway

and the Leading countries

States

**6.10 0.20 1000 1.15 from 75,000 tons to 67,800 tons. July

October Consumption showed no change December showing me te hutua Amorien (525,097 tons). tloris as compared with the pre- Oll tankers under construction

nt 05,000 tons,

March (1956) tb 298

In the Brat nine months of this May violus quarter, were: Germany, in the world amounted 651,527 tons (

(4-100,198);

(180

production has year synthetic 004,822 10

Netter hips of 3,380,115 tons. (-93,204)

of 1,885,336 tons, and

amounted to 737,500 tens, while steamers, 499,057 foils (10.720); 108 Ps

of 1,303,770

fina consumption

São Paulo, Nov. 17. 31,117 tons less tons), Italy,

383.273 tons

the end of September, Prices of cotton futures, closed Sweden,

$31,080 tons,

June. In the same period,

The tin market dy her synthetic stocks stood at 185,000 today as follows (cruzeiro 231,555, tons (100.9321; el tanker percentage of th: Turifover was ten tons, all cash. tons, or 47,500 tons more than other becember 100,400 tons (-7,001); for

Total jonnige under construction

Closing prices (in sterling per the beginning of the year. 100.921 tons (+13,011); in the world has decreased long ton)

Scouts Association, who use leg operation.

A ten-mah Egyptian trade 600); Spain 131,340 lons (-12,- cent.

Of the oil tanker tonnagement: t, buyer giving up the Discovery because

bull, 81 Hips at 910,270 being they cannot afford to maintain. In Febrühty 1952, the Gothic mission, led By Dr Husculls 703); and Canada, 114,010 tons her, said: "It is a sad day for was ready and waiting to take Fahimny, former Fionnce Mini (+-0.800).

Princess ster is expected to arrive in During the quarter. 188 ships teus are for registration

coni-Great Britain of 711,816 tons were

and Northern us, but we have every reason to the Queen then

And adverse verdict by the

IN TRADITION

The Gottlie, launched in, 1947. Eryntiän rail ace, 383,020 tots the comparable the

has been walling since 1940 for Vla particular performance.

for

surveyors will send the old spOriginally, We ship was to take fission To Thal 45 tons (+ alightly from 50.7 to 30.6 per Spot it. Buger

the late King George VI to

Australia, but the Voyage was

to the breakers' yard.

A spokesman of the Boy cancelled when he underwent a

Tokyo, Nov. 16. |

London, Nov. 17.

030

Durines

Business

010

for

clier

LEAD & ZINO Lead wns firmer during the copper dud zinc were

012

01711

hope that it is not the end of substitute for her father.

Elizabbik-to Australia * ស Joban a Thursday.

✡ The main plithose of the de-mented; 225 rips of 888,302 King Içgation's visit to Japah is to tons were launched; and 2882nd, 47 of 425,349, tons for day whlie

Paberk 231 of 10,783 tons

This

the Discovery.

was cancelled by "She I nordinary wooden trip.

expand trade between Egypt ship. The oak timbers in the George's death.

Queen Elizabeth's suite will be and Japaleuter.. stem are Bit, thick."

her

The

100

hetic to 682,500 tons.

M

March (1964) May July October

per

vinnuuted

17.00

17.00 17.20

Singapore Rubber to United States, the average

Ndv.

Murket

Na, a rubber per

No. 3 ruuper jag No

2241

041

rubber pér

pat rubber, unbri

of 15/10 middling cotton at te algnated spot markets was 13.60 centa por, ib. Bales at these centres fofailed-

2,000 bales.)-United. FreNS.

futures New York Rubber

Singapore, Nov. 17. Pilocs of rubber were tons bf. 833,874

25 ships

wore steady. Turnovers of 341.954 tons for United Blates of

closed as follows:-- 450, 300 and 600 ions tempestively No. 1 rubber per 15. completed,

ส

for copper, lead and zinc. echipated with the pre 25 of 320,565 tons for Italy,

pec. Closing prices; (in sterling per vious quieter, the tonlage com- of 213,378, tons, for. France, phd pleted

long ton). decreased by 124,718 18 of 211,220 tons for Panama..

bere eliges the steam pud motor ons, and t the tonnage com Of

tons, Work merchant alps under construc-Copper aut Lead Nay. the end of September, 3,056,500 34,821 1805

bdill tons (cation of Rohhage being

under zine Nov Per tehty idis ta per the

2,078,012 thần là Liê Including; vere

of the tonnego Being built and 187200 brend

Berconstruction

Publicad 13.ilips fan throughout the world riita inpath

vero

for registru gister. Of this total d

Tel.

Feb.

nol

atskat. STEPO

• No 1 pale crépi

144

AMSTERDAM STARKET

Market

Now York, Nov. 17,

Rubber Tutures today clored unchanged to 15 points higher. wift cr of 31 etiraziz..

hogbrate To the spot marke businers, developed in No. 1 Rik Ko Janunes and Februrty dell- verlet,

starboard side, in line it the Discovery survives, in will be "rd Ume lucky with old tradition.

Greek Police Study during

The Twice.

voyages

Gothic is equipped with the among the fee, she was nunmost air conditioning to keep British Merköde aband:nou.

Queen cool in the tropical Pacine and

stilp-to-liure radio

Greek A barty Bl

police elephone so

she can keep in officers Britain to be the Colombo, Nov. 17. Ceylon, rold 5,000 tons of its touch with government affaira in study bolles, organisation, abroad,

the administration and opera cent)

Amsterdam, Nov. 17. elce surplus to Japan yesterday, London. it was learned here today,

or Important, the lot of the Britik pollet

The rubber market was quiet. Spot No. 1 Rss were quoted at will. enable her to

system,

Prets: The price of the sale, was telephone

20 cents per pound. Futures C02. on Soveral, addidegal have, pre-bedtime chets julih her Twb eilles Have Been chosen countrypt

Business - Was done in the local No. 1 rubber kitcaram - Dao, closings weregt stay-at-home children, for their special study, and pr

and Northern Iremonieri exchange market offers for Cegion's surplus rico two

this 1,04 buyers, guilders. Charles and Princess they began a week's stay in tpbs

a while, of the tonnage mar 11) Mas at the following rate

myers, dilidors

kilogram Dec.

March 1014 are now being considered by Prince the Ceylonese, Government, Anne.

York WUhcontroduction, to tons for r'anama.

The countries abroad in which bette built abroad-1.870,597 sterilne zote pas #13 bet Kilogram Deo. The Government's Furplus

The Gothic was chosen for the the workusze a local, rugis-3

Sept comprires e prazipual on-trip rallier than a British wale frater court here he go the larger amounts such tank (AD) tell) were to be one per 100 Buyer bu ported chiefly from Chink shipth line with her father's to diarzow to ludy police tonnage are being built are clusred with Lloyd's Register of ical prob United Press.

When the late King administration there,

Germany (388,893 tons), Nether Shipping.

And just

Idoas.

tons, representing 948 per cent Exchange Rates

1.

Singapore (airaita) Indo-China plastres. (per 100)

E, crepe

135 ruyeza guilders

DK.

-United Pres