RUBBER PRICES STRONG
Export Quota At 70 Per Cent.
Big Help To
Producers
*-**
London, Nov. 30. The International Rubber Com-
mitice fixed the export quota of the commodity for the first quarter of 1938 at 70 per cent. The next meet- Ing will take place on January 28, next year.
The committee's decision came as a pleasant surprise to the market, fulfilling the nost optimistic expecta- tions. A wave of buying immediate ly developed, prices rising over a halfpenny in excited trading, but the highest vek were not maintained owing to profit-taking.
It is pointed out that quota countries will produce about 90,000 tons of rubber les in the first quarter of 1938 than in the current quarter, which offset the decline in easliy American consumption.
should
The fact that the coinmitiée refrain ed from axing the quota for April and June is favourably commented upon as indicating the determination to watch the trend of consumption The New Year and to adjust the quota accordingly.
The market is unanimous that the decision of the committee, which was reached despite possible administra- tive difficulties of enforcing so big a eut in the Netherland-Indies, repre- sents the committee's ginuine concern over the poor deal now being expert enced by producera-Reuter.
AMERICA complaceNT
London, Nov. 30.
It is understood from circles in close touch with the International Rubber Caminitize that the drastic cul
in the rubber quota has not met with any strong opposition from the Ameri- can delegation.
These informants state that the cut
in the queta should result in produc-
tion and consumption about equalising themselves during the first quarter:
Keep Silent On Hawaii Base Scheme
U.S. Makes Light Of Programme
Honolulu, Nov. 30. The United States is planning a big scheme for the strengthening of | defences at lawall, according to a
message from Washington,
The scheme which would involve enormous expenditure, includes ‘un-
derground chambers for the storage.
emer-
of munitions and oil and fuel, and in addition there would be Rency underground hangars for planes, and large barracks for a strong American garrison, which would be built on the island of Oahu.
High officers of the American army and navy have refused to comment on the report-Reuter,
no-
ONLY MODERATE DEFENCE MEASURES Being taken
Washington, Nov. 30. Naval and army circles here slate that defensive measures on derate seale only are being under- taken at wall, including a large
which aerodrume constructed for headquarters of the American pir arm in the lalands.
arw
1s being
Only half u inillion dollars have been spent this year, and It is pointed the
that appropriation for defence of the Pacife coast and avail for five years is only $15,000,- 000, and this progenome still has two years to go.
The possiblity that in view of the disturbed conditions in the Pacifle an Increase in the five-year programme) will be asked in 1030 is not ruled! out, but generally authorities believe that the present state of the defences
are quite reassuring-Reuter.
THE HONGKONG TELEGRAPH.
SHARE
PRICES
The following is the list of local share quotations issued this morning.
Banks'
H.K. Banks, $1,500 n.
H.K. Danks, (Lon. Reg.), 291 n. Chartered Bank, £121⁄2 n. • Mercantile Bank, A. and D. £32 n. Mercantile Bank, C., £15 n. East Asia Bank, $90 n.
Insurances
Canton In., $272 na. Union In, $5174 n. Chion Underwriters, $1.50 m. IK. Fire In.. $260.
Shipping
clc,
Douglas, $48 H.K. Steamboats, $0 B Indo-Chinns (Prof.), $51 n. Indo-Chinas (Del.), $43 n. Shell Heater, 92/6 n. Unlon Waterboats, $9.30 n: Docks JL.K. & W. Wharves, $118. H.K. & W. Docks. $20 n. Providents (old), $2.16 n. Providents (new), 35 eta. n. New Engineerings, Sh.- Shanghai
Kallan
Mining
Raubs, $8.30
Sh.-
Adm. 15/0 n
Venz: Goldfield, $5 m
Philippine Mining
Antomok, P. 50 n. Atoks, P.
10% n. Bagulo Gold, P. 10% n.
12. 0.70
Benguet Benguet
1
P. -
Coco Grove, P. 30 n. Consolidated Mines, P. 014 n. Demonstrations, P.-- E. Mindurau, P. Guinaus Geld, P.- Ipo Gold, P.
11. --- IXL..
Itogons.
P
31 n.
-
Musbate Consals., P.~~ Alin. Resources, 1. Northern Min., P. Parocale sp.aking the
Gumaus, 1. Salneot
Mining, P. Sun Mauricio, P. 51 n. Suyoc Consol., P. 10. United
Parocales, P. 49
STOCK EXCHANGE
RECOVERS
STIMULATING EFFECT OF RUBBER BOOM
London, Nov, 10.
The London Stock Exchange, after;
of 1930, though stocks in that period early dullness showed better senti-
some Increase s thement, and prices often recovered from i may show November-December production will their earlier set-backs under the then be arriving at the consuming the price of rubber shares follow- stimulating influence of a sharp rise
ing a cut in the quota to 70 per cent! for the frật quarter of 1930.
centres-Rester.
LUDENDORFF IMPROVES
Munich, Nov. 30.
Sin
Gilt-edged stocks were good despite . underwriters having taken up 67 per cent. of the new Australian Con- version Loan. Commodities and rub- General Latiendorff is improving.ber were firm, and good trade was He has no fever and Mr pulse is normal.--United Press.
reported following the quota cut- Reuter's Special.
Lands. Hotels, etc.
Hotels, $5.20 b. and na.
ILK. Lands. $32 n.
H.K. Lands, 45. Deben, $100 n. Sai Lande, Sh. Shai
Lands, Sh. Humpliries, $81% n. HK Realties, $4.85 n. Chinese Estates, 588 n. China Reattles, S.- China Debent,
Metropolitan
Public Utilities
HK. Tramways, $13.50 su. Peak
n.
Trams (old), $7
Peak Trams (new), $33% n. Star Ferries, 382 n.
H.K.
Yaumati Ferries (old). $25 n. China Lights (old), $11.50 b. China
Lights (new), $11.35 n. Electries, $55% n. incao Electric, $20 b. Sandakan Lights, $124 n. Telephone (old). $264 sa Telephone (new), $9.30 China Buses, Sh, -
Singapore Tractions, 23/9 n. Singapore Pret.. 23/- n.
TOYS TOY
WEDNESDAY,
Exploring Air Route
Imporial Airways Contaurus On Notable Flight
London, Nov. 30,
The Imperial Airways flying bout Centaurus, in scheduled to leave Southampton on December 3 on a 30,000 mile survey flight to Australia and New Zealand, in wfflch the first cominercial Byrvey flight by a dying boot across the Tasman Sea will be made.
DECEMBER 1, 1937.
BRITISH SHIP FREED AFTER ARMS SEARCH
Gibraltar, Nov. 30.
The Britlah steamer, African Mariner, which was escorted to Malta on November 20 by the British destroyer, Greyhound, and taken over by the authorities for search, has now been released, as it has been proved that she had not infringed Merchant Shipping Act by carriage: of inunitions to Spain-Reuter.
MANILA SHARES
the
The Centaurus will operate over The following business done quata- the Imperial Airways marine air [lons were received after the close of route to Karadil, and afterwards over the morning session by Swan, Cul- the proposed dying bout route via bertson & Fritz from their Manila Calcutta, Singapore, and Darwin. office: Reuter.
LOYALISTS BOMB
ALMEDIEVAR
Barcelona, Nov. 30.
Antamok
Atok
Baguio Gold
Bengunt Consolidated
Coco Grove,
| Confolidated Miner
Demonstration
IX.L
Prices in Pesol
Business Done
.80
.10 10% Unquoted
Sp
Unquoted
.JA
30
Unquoted
.31
.10
of the
4915 market-Quiety
Paracale Guimaus
Son Miuricio BUYO
The
tone
Government planes raided Al-United Parmente medievar, which they assert Is an In- surgent base where many Moors are Mendy. concentrated,
His claimed the planes bombed the barracks and objectives and
casualties.--Reuter,
other milkary In 24 Hours We Had A
Inflicted heavy
Industrials
Cald: Mack. (old), Sh. Cold: Macg. (Prof.), Sh. Canton Ices, $1.70 n. Cement. $12.15 D. HI.K. Rupes, $3.80 n.
Stores, &c. Farm. Dairy
$24.35 . Walsons, $4 n.
Lane Crawfords, $8.00.n. Sinceres, $1.75 n.
Wing On (LK.), $40_n. Wm. Powells, 75 cts. b. Cotton Mis Ewo Cottons, Sh. $13.15 n. S'hi Cottons
Sh. $80 n. (old), Zoom: Sings, Sh. Wing On Textiles, Sh. Miscellaneous
H.K. Entertainment, $5.00 n. Constructions (old), $1.60 n. Constructions (new). $1.00 b. Vibro Pilling, 35.85 n.
Different Baby."
Clergyman's Wife Tells Her Experience With
BABY'S OWN TABLETS.
Wherever Baby's Own Tablets are tried they give satisfaction, as is proved by the hundreds of lettera received
from annually
grateful parents in many parts of the world. For example, Mrs. M. E. Conron, a clergyman's wife residing at Brant- ford, Ontario, Canada, writes;— "Our first baby Was cross feverish, and would, not taka his. food. We lost so much rest at night
I was completely played out,
und
But
ene day while my husband, who is
CHIPELAGO
BRENCKY COL
new
Ai
warmth in your smile
a new
sparkle in your
eye-a new spring to your step-THAT'S
CHOR'
GILMAN'S
WINES
Gloucester Arcado. Tol. 30986.
DELTOING ROZG!
minister, was making a call, Indy YOU WILL BE GLAD
of
an
advised him to buy a box of Baby's Own Tablets. We certainly found they worked wonders. In 24 hours we had a different baby."
Baby's Own Tablets, the formula eminent physician who specialised for children, are a specific for infantile constipation, indigestion, cotle, teething troubles, simple fever. vomiting, eroup and colds. They n. also expel worms. Obtainable from n. chemists everywhere.
Ch. Govt. 5 1015 GSBds. 74% IK. Govt. 4% Loan 54% prim. n. II.K. Govt. 34% Loan 15% prm.
Wallace Harpers, $5 n. Marsmans Ins. Lon.), a/- 20/7 Marsmans inv. (H.K.), a/- 4/0
WAITED FOR
THE OPENING OF
Roln'?
YOU
A WONDERFUL DISPLAY OF TOYS
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TOY FAIR
OPENS
AT
INCERE'
THE CHRISTMAS STORE
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A
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