C. ITOH & CO., LTD. WEEKLY MARKET REPORT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R001001130002-3
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 5
• Document Creation Date: November 9, 2016
• Document Release Date: April 1, 1999
• Sequence Number: 2
• Publication Date: September 12, 1953
• Content Type: REPORT

25X1A
EXPORTS:
STATINTL
Cotton Yarns & Textiles :
The Sampin Exchange cotton yarn market registered a very narrow range of
fluctuations, without any further advance, and the present market price level is expected
to continue for the time being.
Cotton yarns-Some considerable business was booked with Pakistan in 32s and 40s;
with Burma in 20s. The results of the tender held by the Burmese government
on Sept. 7 are still unknown.
Cotton textiles-Indonesian government's suspension of her import licences, it is
feared, will affect our cotton goods business very much, and big expectations cannot be
entertained of the business from there. Activity was displayed by--the - Philippines,
Hongkong, Singapore, Thailand, and Burma, resulting in considerable business.
Although it was reported that Pakistan would grant import licences in the very
near future, no concrete actions have so far been taken.
Persian Gulf countries, South
Africa, and
West Africa were also in the market,
booking some very limited business.
Sampin Exchange
Grey Cotton Yarns 20s
(per lb.)
FOB.
0
53.75
Sept. 12 closing
Y 255.00
Swatch 2003
(per yd.)
if
0
17.00
Swatch 2023
( ~~ )
if
?
17.40
White 16000
( n )
it
0
20.50
Spun Rayon:
Although it was reported at last week-end that the Indonesian government suspended
import licences for Japanese goods, spun rayon cloth business would not be affected very
much, because inquiries for the cloth had been very few for the last one or two months.
As for spun rayon yarns, however, we are afraid the new act would have some
effect on. its business.
Export shipments of spun rayon goods and output of staple fibre during August
were announced by the Ministry of Finance and MITI as follows :
Export shipments in August :
or Release 1999/09/10 : CIA-RDP83-00423R0010011200D2-~
Spun Rayon Yarns
1,995,000 lbs.
July
2,403,000 lbs.
Spun Rayon Cloth
13,363,000 s'yds.
12,973,000 s'yds.
Approved For Release 1999/09/10 : CIA-RDP83-00423R001001130002-3
Weelaly fflaftet Repopt
FOREIGN TRADE LIAISON DEPT.
No 161
During Sept. 7-12, 1953.
 Approved, For Release 1999/09/10 : CIA-RDP83-00423 R001001130002-3
Output of Staple Fibre in August :
July
Staple Fibre
Viscose
Acetate
31,236,000 lbs.
30,796,000 it
439,000 n
30,015,000 lbs.
29,561,000 n
454,000
Synthetic Fibre
1,153,000 lbs.
1,037,000 lbs.
Nylon
806,000 11
322,000 n
Vinylon
746,000 tl
675,000 a
As shown above, output of viscose staple fibre amounted to more than 30,000,000
lbs., and the total exports of January-August aggregated 222,000,000 ibs; thus it is expected
that at the year-end the figure will exceed the biggest export record of 340,000,000 lbs.
attained in 1938.
Staple Fibre, Bright, Bleached 1.5D x l12'' (per lb.) FOB. ? 33
Spun Rayon Yarn Bright 40/2 ( n ) ? 58%
Dyed Spun Rayon Muslin (per yd.) u 0 17-%
Osaka Synthetic Exchange
Sept. 12 closing
Spun Rayon 30/1 t 173.00
Rayon & Silk :
Speculative buying, made actively in the domestic market in reflection of inflational
mood here, subsided at the mid-week and the market gradually declined.
As for export business, too, overseas inquiries from Indonesia, where - issuance - of
import licences is reported suspended, and other markets were on the whole dull. It is
expected that the market will remain unchanged with weak undertone for some time to
come.
On and after October 1 pulp and rayon goods link system will be adopted and
juridical person taxes will be deducted from export profits; as a result export prices will
become lower than domestic prices on account of dual prices to be applied to the domestic
market and the overseas market.
Rayon yarns-Scattering business was booked with Karachi and other Pakistani
market, but on the whole the rayon yarn business was tapering off.
MA 120 2911 Bleached (per yd.)
FOB.
0
15%
Satin 3600 Dyed 36" ( ~~ )
If
0
1912
B/B G/C Dyed 4411 ( 'F )
it
0
31
120 Dr. A Vis Lady (per lb.)
ii
0
5912
Woolen & Linen :
Hongkong sent active inquiries continually resulting in business.
India showed some interest in woolen yarns, but business seemed infeasible owing
to price disparity.
Worsted Weaving Yarn 2/64
(per lb.)
FOB.
$ 2.50
Worsted Plain Serge
(per yd.)
n
$ 2.50
Hessian Cloth 40"" x 10 oz.
( " )
f1
0 12.5
Approved For Release 1999/09/10 : CIA-RDP83-00423R001001130002-3
 ApprovecfFor Release 1999/09/10 : CIA-RDP83-00423R001001130002-3
Textile Sundry Goods :
Overseas markets for textile sundry goods were as a whole sluggish after one round
of purchase was made by overseas buyers, but Manila showed much buying interest in
fishing net. Very limited business was also booked with Djakarta in bleached mosquito
netting; Hongkong rayon handkerchief material; South Africa printed muffler material and
towels; West Africa mosquito nettings.
Though generally a withholding attitude is kept, U. S. A. booked table cloth and
Canada resumed buying interest, sending inquiries for table cloth.
K350 Jacquard Blanket (per pc.) FOB. $ 1.20
Rayon Handkerchief (per doz.) rr $ 0.54
30s Bleached Hosiery Fabrics (per lb.) if $ 0.87
Steel Goods:
It is worth noting that after a long silence, South East Asian countries came into
the market, sending inquiries though for very small quantities.
Non-ferrous Metals :
Demand season setting in, the market became firm, especially lead ingots sharply
advancing.
(per M/T)
FOB.
$ 90.00
M. S. Round Bar /" ( rr )
rr
$ 108:00
( rr )
$ 210.00
( rr )
rr
$ 132.00
C. W. Nail
r
$ 6.05
Virgin Alumi Ingot (per lb.)
n
$ 0.27
(per M/T)
r
$ 700.00
$1,100.00
Sundry Goods:
Paper-Inquiries for transparent paper were continuously sent from Indonesia and
South America.
Timber-Interest was shown in plywood by Holland, Belgium, Cape Town, and
Rubber goods-Auto tyres are under negotiation with Bangkok and Burma.
Cement--Rangoon showed activity for cement.
Porcelain & Enamelled wares-With restrictions recently imposed on import licences
by the Indonesian government, business outlook with South East Asia is not prospective
and the market trend was easy.
- ditto - (Senka Paper)
50 lbs. per ream of 500 sheets
Transparent Paper, Non-moisture proof,
90 cm. x 100 cm. Colourless, No. 300,
500 sheets per ream (per ream) n ? 13.2
Approved For Release 1999/09/10 : CIA-RDP83-00423R001001130002-3
 Approved` .For Release 1999/09/10 : CIA-RDP83-00423RO01001130002-3
Oak Lumber, Plain Sawn Planks,
FAS grade, 111 thickness
(per c'ft.)
FOB.
# 0-16-10
Lauan Plywood, 6'x3', 4%, -
Type 3, No-jojnt, 1st quality
(per 100 sq. ft.)
ft
8 5.30
Rubber Transmission Belting
(per inch ply)
0 1.5
Canned Sardines, in tomato sauce,
Fancy Grade, 48/15 oz.
(per case)
$ 8.00
Canned Mandarin Oranges, in light
syrup Fancy Grade, 48/15 oz.
( ~~ )
n
$ 5.00
Green Tea, Chun Mee, Medium
(per lb.)
n
0 30.00
Agar Agar, Strip, Kobe No. 1
( n )
~~
$ 1.90
Ordinary Portland Cement, BSS 12/1947
(per M/T)
$ 22.00
IMPORTS :
Raw Cotton :
The New York Cotton Exchange-On Sept. 8, the U. S. government announced its
second crop estimate at 15,149,000 bales, which is 500,000 bales more than the last estimate,
but the market registered only narrow fluctuations, closing at 0 33.30 for Oct., delivery, 5
points below last week, and at ? 33.57 for December, 3 points down.
Fund allocation-This week there was no fresh allocation. Allocations to be made
soon, however, are (1) for 30,000 bales of Brazilian cotton in open account, (2) for 3,000
bales of Egyptian cotton, and (3) for 113,000 bales in Free Dollar.___
Business done at this end-Of the fund earmarked for the coming October-to-
December period, a free dollar fund for 100,000 bales was decided to be allocated earlier
than scheduled. Accordingly this invited increasing interest in American and Mexican
cottons.
As for American cotton, Orl/Tex. and Arizona growths were continuously inquired
for and booked.
As regards Mexican cotton, Sinaloa and Mexicali growths were scatteringly bought
in view of a downward trend of the basis.
Regarding Brazilian cotton, with the fund allocation for 30,000 bales to be expected
next week, it was reported several thousand bales were booked this week.
As regards Pakistani cotton, a few spinners bought several thousand bales of old
crops, but others' interest in old crops is tapering off as they had no fund in hands.
Their attentions for new crops, on the othor hand, have been gradually enhanced,
but it was reported a wait-and-see attitude so far prevailed on the whole market with
almost none of fresh business.
Though two weeks have already elapsed since the resumption of Australian wool
sale, the activity of Japanese mills was rather dull because of their insufficient foreign
exchange funds, especially of the dearth of Sterling fund allocation for wool for the second
half year (Oct. ' 53-March ' 54) as was the case with the last season. They were reluctant
to follow this week's market prices because they considered them casual as a result of
Russian heavy buying, and their limits were generally too low to complete their orders.
Approved For Release 1999/09/10 : CIA-RDP83-00423R001001130002-3
 ApproyecP orRelease 1999/09/10 : CIA-RDP83-00423R001001130002-3
Wool Shoddies and Rags :
For the time being we can import wool shoddies and rags under A. A. system if
we want. Consequently, many inquiries and contracts were made for them. It is reported
that quite a lot of white or light coloured shoddies were bought from Holland and other
countries holding the clearing account with Japan. But it becomes very difficult to buy
them at favorable prices because of small quantities offered on the market.
The market at the producing centres continued firm with unchanged prices. Davao
Hemp I $ 64.00, J1 $ 61.50, G $ 53.00, Non-Davao Hemp G $ 46.00, J2 $ 42.50, K $ 37.00.
Domestic market continued very quiet on account of withholdings by both buyers
of rope and paper mills.
Jute:
The raw jute market was on a downward tendency last week in sympathy with the
easy tone of the jute goods market.
Calcutta,
Firsts
Spot
Rs.
(I)
150.00
September
155.00
October
155.00
Pakistan,
First
Spot
Rs.
(P)
114.00
September
115
October
n
115/
The domestic mills here were withholding due to the poor prospect for domestic
jute goods and downward tendency of the raw jute market. Nominal quotation, L. J. A.
Firsts Y 16,300-16,800 per bale.
Though increased production in Formosa, the Philippines and other producing
countries was reported, the quotation was around 0 34.
The market remained unchanged with very narrow fluctuations; the domestic
market was the same.
Kobe Exchange
Highest
Lowest
September
Y 76.90
Y 76.40
February
Y 77.10
Y 76.20
Approved For Release 1999/09/10 CIA-RDP83-00423R001001130002-3