1935-12-12 — Page 12

IZ

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Shareproxers® Association

HONG KONG DAILY PRESS, THURSDAY, DECEMBER 12, 1935.

NEW YORK STOCK AND COMMODITY QUOTATIONS

New York-London

Anaconda Copper

El. Bond and Share

(Through Reuter's Agency)

Buyarı

Bellar

Kala

WEDNESDAY. DEC.. II.

Wayans

Belize

Hanks

$1.370

$1,334,80

H.X. Bank

£01

Do. (London) ...)

$1,350

Cotton, May......

613

Chartered Banks ...

90/90

Rubber, December ...

Alercantile des. "A"

£ia

Chicago Wheat, May

£291

£13

Du

76

Bank of

of East Asia...

£13

Corn, May

M. U. & S. Barks ....

$70

Am. O, Fin. Corp:

3.

Ca. Fin. Corp. Urd. 8.)

Do. Prof. S

Insurance

General Motors

Canton insaTRUCOM.......

$500

$350

Int. Tel." and Tel.

Underwriter

$1.10

******85 at#{ $1.06

Union insuranoce .......]

Montgomery Ward

3670

2060

子

3480

Ukina b'ires

N.Y. Central

$450

3540

H. Firenz

U.B. Steel

$200

nterational Asses, 'd.

Shipping

$36

Douglases **çces.

135

#4

Steamboat

$3

$30

Ludios (prvi) .....................

$30

$11

Du (det).........

VIL

81/3

bielu

$12

Waterboats

81/3

རྣམx***

$12

Mining

$1.20

31.30

$171

15 sta.

11 ot

Dor Goldfield

Do. Exploration

18. STA.

ests.

Big Wodge

[91 cta.

7 cm

Gold River........

Bots,

30 ct

Gold Creek

Amtamoks............ 31.10

Balatcos....

22 ata, Baguio Gold

$16, Benguet Consolidated $14

United Paracalek ..... 23 ot.

16 2. Salacot Mining ...... 13ļcia.

80sts. Ipo Mining............

Itogons

Kallans

Explorations canäo di

+4

38 ota

11/3

$15

Langkata (single) S.

15

Shaghai Loans $.

39.35

$21

Kuuba C

$9.40

Venezuela Gold Fica.

321

1801

$87

31.40

31135/40

20 ct..

19

Ducka, WhatY66,

Godorus, ais.

H., & K. Wharton.

Do. (old) 201

Du.

Providents (old).

*** $1.35

}}; (new)....

H.n. & W. DOCKS

Metropontan Lands.,

08...............

483

1.38/1.10

10 eta.

T

$72

$80

S. Cha Motors · A'

Du. Shangai Docks S.

""

$20

$4

Now Engineerings8.

$237) Hongkewa

Lands, Hotels, and

Külldings

$4.35

336

1.K. Hotel ****** H.A. Landa....................8.

31

1351

3101

1.4% Debentures

$98

380

bungual Lauda.......M.;

$10

352

H......

34

Chias Do

335

Do. Deboatures.3.

101

Hamphrey...

New Asia Hotel

125

Ana Rosinice “A”2)

Do.

H

Chinte Estato............

Cotton Mills

310

176

Sant Cutton told S.

#43.

thu. news.

$75

$42

512

Young Sluga de

926

Wing Un Textiles(3.)

$25

Public Cellicles

14,45 Tramways

#143

$$

Pik Trains (old)...

Do. (new)...

$99

Star Ferries

188

$17

Isumat 'erries

$16

$10.95

Chins Lighta

$10,90

H.K. triun

$20 $2.10

Macau

Еде

$251

Tunes (old) ...

$91

(new) wer

$111

Caius Busts.....

120/8

-20/6

$8.40

Malabon Hugarz

3104

Caldbeck, and, d.

13

Macgregora f(prei.)8.

$1.80

Canton Ice

od

Cemente

141

Вария

$8.10 $4.65/43

308

$19

$3.40

#91

60 ca

구

$5

Sawinkan Ligtski on

Tractions an

bu

(18-

industrials

Amusement.........

Stiscellaneous

Dairy Farma

Uh. Stainment.......

Constructions, (old)

(new)

Lane Crawfords...

Mackintoalt....**

$1.35 Mincerus

;;;

1691

1251 $94.

1.70

$19.10

13

$2

40 ct.

48

Nanyang Tobacco...

$3,20

70 ot

Wa, Powells

Watsons Kin

343

55. ota

M. Greyhounds.

31.35

#

LK. Love, 4% Lowas

par.

Do.

par

256

ELK Wing Go

338

Bhai Do... - Vibro Pilcogen

Unterprises

B1 Ch.G.5418250.Bdz. 91%

Wallace Harper

Last

December 11

Close Open 10.30 10.48

493

492

11.32

}

13.19

953

11.27 19.25 13,25

951

11,27

593

592

STOCKS

7811

281 28

16

16

*16

551 55 .55+

10 554

131

13

131

401 403

401

28+

28

28

464 101

462

483

40

New York Stock Exchange Quotations appear on Page i

COLLAPSE OF LONDON

SILVER MARKET

Lack Of Purchase Offers

From America

Washington. Dec, 10.

In the temporary absence of Mr. Henry Morgenthau, Secretary of the Treasury, officials of that de- partment. to-day refused to com- ment on the collapse of the London silver market owing to lack of buyers, but it is learned that Mr. Morgenthau is fully informed of the altuation which brokers attri- bute to the absence of purchase offers from the United States,

The Administration has repeat-

Meanwhile, unless buyers are found on the New York market, there will be no price fixed for eiga, suver in New York.

Win the Treasury apparently unwilling to show its hand, local observers are inclined to the view that the present impasse is a result of the Chinese attempts to acquire foreign exchange by heavy silver offerings in London.

CHINESE PARTY AFFAIRS

Draft Constitution Promulgation Date Fixed

(Special to the "Hong Kong Daily

Press"

(Copyright).]

Nanking. December 4.

Two of the most controversial questions relating to Party affairs of national significance which have been pending for quite some time were given definite decision to-day at the second business

meeting DA the Fust Plenary Session of the Futh Central Executive and Supervisory Com- mittees held here this morning.

It was decided on the proposal of the Presidium that thẻ Draft: Constitution of the Chinese Re-

public will be promulgated on May 5, 1936. The National People's Congress. It was also de- olded, will be held on November 12, "1936, and that elections delegates to the Congress be com- pleted before October 10, 1938,

The

two

But before the promulgation of the Draft Constitution, it was de- cided. a Committee shall be ap- pointed to examine the Draft and embody in it whatever opinions. may be advanced by `the Plenary Session relating thereto.. Committee will be given months to complete the work of examination, following which the revised Draft shall be handed to; the Standing Committee Or the C.E.C which will in turn pass it on to the Legislativo Yuan final amendments.

for

PEOPLE'S CONGRESS

With regard to the 'People's Congress this morning's meeting

It is felt that the problem in- decided that the Committee of 13 volved is whether or not the first draft regulations governing

level convenient to Nanking and and elections of delegates - which to the Hong Kong Government.shall referred to the Legislative Reuter

Yuan for enactment.

JJ

4

edly said that it is carrying out the Treasury shall "bold the bag" at a the organization of the Congress Silver Purchase Act in good faith, but it should be remembered that Mr. Morgenthau previously em- phasised that the monetary policies of the United States were on a twenty-four hour basis; that it to say, they might be changed over- night.

DECLINE TO MAKE COMMENTS

In the absence of clarifying statements it is not known how long the Treasury will remain out of the world market.

Members of the State. Depart- ment, too, aeclined to comment on reports that the absence of Gov- ernment buying was connected with the Sino-Japanese situation.

Silver supporters in Congress profess to have no information with regard to the situation, but are inclined to the opinion that the Treasury's action does not in dicate any permanent change in America's sliver policy, It is felt that the present position is merely of a temporary character. Reuter.

RIDICULOUSLY LOW BID

New York. Dec. 10. Local silver circles are complete Is the dark anent the silver situation and decline to ventura any opinion pending further deva lopments.

It is understood that to-day's Treasury bids on the London market were so ridiculously low as to preclude the fixing of the price of the metal in London

ROME'S VIEW OF THE

SITUATION.

Negus Must Be Ignored, In Any Settlement

Special to the "Hong Kong Daily Press Copyright.)]

Rome, Dec. 10.

AMERICA HOLDS OFF

London, Dec., 10. Events in to-day's silver market were exp.ained to Reuter by silver

Another Important resolution adopted was the promulgation of identical edicts to be issued by the Standing Committee of the Central Executive Committee and the

circies as resulting from consider National Government respectively able offerings of metal following to the Huomintang and the people the attitude adopted by the United explatning the objectives of the States Treasury yeserday, and fail- | recent currency reform enforced are of America to support the by the Ministry of Finance, market.

The resolution, which was moved by Generals Chiang Kai-Shek, and Feng Yu-Hsiang, Mr Chow Lu and other Kuomintang leaders, em- phasized that the currency met-

S. E. Levy & Co.

7, TOR BUSS' STACKT

INVESTMENT BANKERS ♣ BROKERA

11

NEW TORE COTTON EXCHANON

COMMODITY EXCHANGE, INC, N.Y.

CHICAGO BOARD OF TRADI CANADIAN COMMODÍTT RICHAXOR, ING.

CORRESPONDENTS JO!

WHITE, WILD & CO., NEW YORK

S.S. "BENCLEUCH"

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH (direct) on or about the 13th December.

Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.

For Freight and Fassage' apply to:-

Tel. 22533

..

W. R. LOXLEY & CO., (CHINA) LTD.,

York Building. Agents:

THE BEN LINE STEAMERS LTD.,

HEAVY FLOOD DAMAGES

Crop Loss Reported To Be $400,000,000

Nanking,

Homeward Service.

The total areas of land affected by flood and drought during the current year measured 35,002,000 and 58,618,000 municipal mow res- pectively, and the total losses auf- tered in the damage of crops

POET'S SACRIFICE

Special to the "Hong Kong Daily

Fress" (Copyright;-)

Rome, Dec 10,

The Italian poet, D'Annunzio,

whom the Italian people regard as

the conqueror of Flume, sacrificed

all his gold medals and order to » the cause of the country. Among the collection sent to Signor Mus- solin, was the British Grand Crosa conferred during the World War.-- Transocean Kue Min....

After meeting at the usual time, the brokers decided to suspend the session, hoping America would send buying orders for all offerings, as she had done heretofore. On resures promulgated on November 4amounted to 55,318,008 and 77,027,-ed by a number of Tientsin Chi-

Bumption, it was found that the

were primarily designed to secure 0.8. Treasury, despite repeated ap- the concentration of the currency peas, was not prepared to absorb

reserve and consolidation of public offerings, but only to buy a limited confidence. It also

asked the amount, estimated at one-seventh | Government to widely familiarize at the total, and at a rate lower the people with the motives of its than yesterday's.

currency policy. China nited Brest (by mail),

Brokers had no alternative but to unfix prices, owing to the rule that all offerings must be absorb- ed before fixing prices.

!!

Well-informed outside quarters. intimated that the greater part of the offerings were of forward aliver. It is understood that America is willing to buy 2,000,000 ounces or ́spot sliver at 251, whereas brokers have received selling orders for 5,- 000,0000 ounces. Forward offerings are estimated in the neighbour hood of 13,000,000.--- Router.

Negus is not included in the even- tual negotiations.”"

This attitude borresponds to the Italian argument that the conflict is purely "colonial", and thus ought to be settled among the Great Powers alone. The report that the Emperor is determined to

"

A new procedure has been adopt-

000 municipal plouls respectively. nese stores to relieve the embar- Calculated at the average castrassing situation caused by the or $3 per municipal picul the total scarcity of copper coins, reports the value of crops damaged by flood "Star." A person with a ten-sent amounted to $165,845,000 wille note to buy goods worth less than does not receive the that damaged by drought $231 081, the note GOD. Together they aggregated a change in copper coins, but is given total sum of approximately $400-, a "sup," bearing the chop of the 000,000.

store, denoting the amount of the These statistics have been pub- change. The slip is good for pur- lished by the National Agricultural chase of goods at any time, and Research Bureau, based upon in-is transferrable only among dealers vestigations conducted last Sep- of similar goods, Slips issued by Special to the "Hong Kong Daily tember in 730 districts in 13 pro- cigarette, shops are not acceptable

"Press" {Copyright).]

GOLD TO HELP WAR

Rome, Dec 10. Sixty kilograms of gold to help: the Fatherland's cause, in the Abyssinian conflict was collected on Tuesday from all parta of Italy, during the cebrations of the fete of Madonna of Lorette, the patron saint of airmanship. The Under Secretary for Aviation, handed over the gold contribution from the of ficials of the Ministry and aviators of the Italian capital.— Transocean Kue Min

Mr. Louis Beale, H M. Com

V

vinces, namely, Shenal. Shansi, at rice stores. This new procedure Hopel, Shantung, Kiangsu, Anh- appears to be operating smoothly wel, Honan, Hupeh, Hunan, Kangat, Cheklang, Fukien and Kwangtung.

both in the Native City and the concessions, following the apparent failure on the part of the Chinese authorities to bring the exchange rate to a normal level. The Bel- gian Tramway Company continues to draw large crowds of people every morning anxiously waiting to purchase a limited amount of copper coins. The rate set by the Company has been around 505 per dollar. Ticket sellers in the tram- cars are continuing their policy of refusing acceptance of paper notes from passengers, paggalan

HUPER SUFFERS MOST Of the total amount of crops damaged by food, 22,446,000 mu nicipal plculs were rice, 7,181,000 municipal plcuis kaoliang, 7,738, 000 municipal plculs millet, 045,- 000 municipa: pleuis mi seeds (used for making gruel rice). 6,460,000 municipal piculs corn, and 10,543,- 000 municipal picula beans.

Of the 13 provinces investigated, Hupeh suffered the heaviest dam- age of crops by flood, amounting "If you do not make out a bill municipal pick you will not get judgment in

refuse to participate in any nego-mercial Counsellor in China, in- to 14,451,000 tiations on the proposals, if any tends to spend his first Christmas Shantung. came second with a to- future," Judge P. Grant Jones said thing remotely approaching the in his own country for several tal of 12,834,000 municipal plculs, to Mahan Singh, manager of the Dress reports, is received with consi- years, says the "Star," He has while Honan and Hopel ranked Sikh Store, who sued Chance! Early on Tuesday evening it was derable interest in political circles been home on leave and duty for third and fourth with 7,430,000 Singh for $18.65 in HM Supreme definitely declared officially here here, where it is argued that Eng- the past few months, but it has and 6,482,000 municipal piculs res Court in Shanghal on December 2. Tongshan, an important mining mishap near Tongshan hot springs Proposals for the settlement of the disclosed by the attitude she takes leave, for he has made so many

that-up till then the Franco-Britian land's real intentions will now be been a question of more daty than pectively. town on the Felping-Mukden rail- about a month ago, is recovering Abyssinian conflict had not been up towards Abyssinia whose re- contacts and put up some useful aged by drought 23,989,000 muni- they were informed of their in- A Mahan Singh said that he never Of the total value of crops dem-sent out bills to his clients but that way line, was enveloped on

the and is expected to leave the hos-received, nor had any diplomatic section of such a proposal cannot propositions to commercial and cpar piculs were rice, 8,538,000 debtedness by word of mouth, night of November 26 in a "red-¦ pital next week,

visit, been arranged for the purpose have come as a surprise to the manufacturing concerns having municipal piculs kaoliang 10,057,- Judgment was given for the plain- fog." According to an old realdent

of handing in the proposals. An British Government.

interests in China that he has been 000 municipal picuis millet, 1,668,- for $19,85 and $6.50 for costa. says a Chinese report the "city

attitude of extreme reserve is looked as if it were on fire.” This

much in demand. At the moment 000 municipal plcuis mi seeds,

· PRESSURE MUST BE .11

self ready in conjunction with be in Shanghal on January 20.

* EXERTED

he is holiday-making in a cottage Either. England must show her early in the New Year and should in Susser. He will leave for China

there

Started three weeks ago, the pro- therefore being maintained here in visional squad of the Tentainancial quarters as to the possibi-

the

Is the first "red fog' over to be seen British Municipal Emergency Corps lity of the proposals offering

for non-British subjects has now solution; as well as concerning the an enrollment of fourteen, reports numerous indiscretions in the "Star" In addition to those French and British press, taken on the strength, there are many applicants who may be en« rolled at a later date. The meri- bers of the provisional squad are: T. Berman, B. M. Colling, E. Katz,

More than seventy districts in Klangai province have established anti-oplum associations in an er- fort to rid the province of the drug evil. There is also a intal of fifty drug clinics.

A MATTER FOR THE GREAT POWERS ALONE

Although comment. on the Franco-British meditations attempt

France, to exert ancient pressure on Addis Ababa, or the conclusion must be drawn that Abyssinia's refusal has been reckoned with in advance. In the latter case Italy must regard the whole attempt at meditations as a political mano

E Meyer, Reimers, G. Nignies entirely lacking in the evening euvre behind which various tacti witsky, I lereff, A. Bihovsky, L papers, there appears to be tile cal motives can be imagined to lie, Mr. Chang Ching-klang, veteran Gerstenzang, B. M. Loveco, J. W dubt the official view is that the but not an intention to really Kuomintang leader who was seri- | McCorkindale, M. Nigniewitzky, E. proposals can only be taken seri-ezect a solution of the conflict ously injured in a motor car Hussaleef and V. Zamtatin,

outy 11 they provide that the 'maneras Kwo Min

7,753,000 municipal piculs corn, and 25,223,000 municipal pécula

Peiping has petitioned the Muni

Proprietors of Chinese inna in

Of the 13 provinces investigated, on men and women staying in the cipal Government to lift the ban Anhwal suffered the heaviest dam- same establishments - A ing was

More than 20,000 persons have age of crops by drought, amount put into force recently by Col been thrown out of employment ing to 19,977,000 municipal plculs, Yuan Liang, following the closing of several large Shantung came second with a to "purity" Mayor prohl

formerly Chinese spinning mills in Hankow. tal loss of 15,382,000 municipal and wom These workers have sent a repre-plculs, while Hopei, Kiangsu, and Inn

staying sentative to the provincial govern Honan ranked third, fourth and has severely ment headquarters requesting that Afth with 11,718,000, 10,825,000 and nose. Th steps be taken to re-open the mins 9,026,000 municipal cu's respec be responsib and so provide them with emplar- tively.

viour of the ment

their inns

Central News Agency,

|