1939-12-07 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

"NAVICERT" Demand For Tin From U.S: Request For Lifting Of Control In Commons

SYSTEM EXTENDED

U.S. EXPORTS ΤΟ

NEUTRALS

LONDON, Dec. 6 (BWS)The Ministry of Economie Warfare is DOW extending the operation of the "Navlcert" system, which has been" available since Dec. 1. for exports from the United States to certain European... neutral tries.

coun-

Henceforth, Navicerts will also be issued in respect of shipments from Brazil. Argentina and Uruguay to Iceland, Norway, Den- mark, Sweden, Finland, Estonia, Latvia, Lithuania, the Netherlands,{ Belgium and Italy.

LONDON, DEC. 6 (REUTER)—THE TIN QUOTĄ WAS THE SUBJECT OF QUESTIONS IN THE HOUSE OF COMMONS YES- TERDAY BY MR. R. R. STOKES (LAB), WHO ASKED WHETHER THE PRESIDENT OF THE BOARD OF TRADE WAS

DEMAND

TIN AWARE THAT THE UNITED STATES

FOR EQUALS THE MAXIMUM OF UNRESTRICTED PRODUCTION IN BRITISH MALAYA and whether, as under the International Control Agreement, any signatory may apply for permission to Increase production beyond the agreed quota and why this ap plication was not made in view of the representations by United States consumers?

Mr. Stokes further asked whether, with a view to bene- Ang British industry and the dollar exchange position, the President of the Board of Trade would consider remov- Ing restriction on production and de-controlling the price, so that it could assume its normal level?

י.

FINANCE

H. K. STOCK EXCHANGE

A

扎

Yesterday's pace has slackened

sightly, possibly owing to the short

session. At the same time there

is no casing in price levels.

-

༥་

BUYERS

HK Bank, $1930.

Bank of East Asia, $71. Canton Ins, $200. Douglases, $70. Docks, $19. Providents, $4.20

H & S. Hotels, $4.65. Lands, $33.

Chinese Estates,, $100. Tramways, $16.20. Peak Trams (Old), $7.80. Peak Trams (New), $3,90. Star Ferries, $63)...... Yaumat Ferrien "$29. Mectrics, $51. Sandakan Lights, $114.

Telephones (Old), $23,

· Telephones (Now), STI. Cements, $15.

Ropes, $5.10.

Dairy Farms (Old), $20,

Dairy Farms (New), $19). Watsons, $84. Entertainmenta,`$51.

SELLERS

Fires Is, $190. Cements, $15).

Dairy Farms (Old), $201. Watsons, $81.

SALES

HK. Bank, $1330. Docks $19. Watsons, $81.

H, K. Gort, 31% Loan, 97.

MANILA GOLD SHÀRES

Atoks 19 b, Antamok 16 s, Baguio Gold 15 s, Batang Buhay 0120 x, Big Wedge, b, Coco Grove 20) x which was low when expressed in Consolidated Mines 0025 b, De

monstration 07 s. East Mindanao terms of the dollar.

083 s, I X. I 43 s, Ipo Gold 15 b, Mr. Malcolm MacDonald, Secre- Itogon Mining 29 % Manbulao Con. by the Malayan and Nigerian tary for the Colonies. In reply. 015 b, Mastate Can. 11 a Mindanao

No such requests had been made

Governments.

The question of price control was under the Government's con- stant consideration.

Dutch representatives on the In- DETAILS NEEDED

ternational Tin Committee had Shippers in Brazil, Argentina

been kept informed before the and Uruguay, who desire to avall

maximum price limit was fixed themselves of the advantages of Mr. Stokes further asked whe-tor all tin smelted in the United Navicerts should furnish His Mather the Dutch had been consulted Kingdom and Malaya. jesty's representatives with detalls before a maximum price limit was of the goods they propose to ex-fixed for all tin smelted in the port, their nature and quantity.United Kingdom and Malaya. the country of destination, name

and address of consigned and, as

soon as possible, the name of the

GOVERNMENT REPLY"

PRICE CONTROL

Mr. Stokes asked if the Minister would consider it advantageous that in should be sold at £238

The Secretary for the Colonies, per ton fixed from Malaya vessel in which the goods are to be Mr. Malcolm MacDonald, replied brought by foreign intermediaries shipped and the date of shipment. and said he was satisfied that the land. resold to the United States

Application forms are avaliable International Tin Committee was for £3507

doing what was necessary to meet

at His Majesty's Embassies at Rio

Mr. MacDonald replied: "This

de Janeiro and Buenos Aires. HM the market's real requirements matter is under constant con- Legation at Montevideo and HM, and it would not be in the in-sideration. It was never intended Consulates in Brazli, Argentina terests of colonial dependencies for that the firing of prices should be and Uruguay and should be re- producers to take the action ad-necessarily permanent." turned to them when completed. vocated.

HONGKONG SHARE QUOTATIONS

SHAREBROKERS' ASSOCIATION

STOCK EXCHANGE

Buyers Baller Saict

| Nomina!]

WED.. 6. DEC.

Rayers Bellez

$1830

$1330

£84

SKY

H

$71

Banks

H.K. Banks..............

Do: (Col. Reg.) ·

Do. (Lon. Beg) Chartered Banks

£92Mercantile Bki. “A”

211 Mercantile Bha "0"

Bank of East Asia ....

N. C. & B. Banki

Insurances

Canton Insurances .......

$400 Union Insurances

Underwriters

H.I Fires

$200

$190

$70

***

$15

$100

⠀ *::

th

80/7 Shella

$8.10 Waterbosta

Godowns, etc.

Providenta

$19 Shanghai Docks 8.

$17.90 Now Engineering 8.

Mining

18/0 Kaila

$10

Raubs ........

ગમ

Venezuela Gold Fids

4 cts Hong Kong Kin...

Lands, Hotels and

H.K. Landa ...........

LIN

823

***

Buildings

H.K. Hotels

87 Humphreya

Chinese Estates

Cotton Mills Ewo (8.)

161 8'hal Cotton (8)

$43 Zoong Bings (8.) $48) Wing Co Textiles (B.)

$16.20 25..

Public Utilities

Peak Trams fold)

Star Ferring

:.

Bales Momla!

******

#!

Mr. Stokes: Does he propose to do anything about it?

Mr. MacDonald said it would be foolish to announce any intention beforehand.

HIGH PRICE IN U.S. LONDON, Dec. 8 (Reuter)-I the House of Commons yesterday. Mr. R. R. Stokes (Lab.) asked Sir John Simon why advantage had not been taken of the high tin 81330 price ruling for some time past in the United States to obtain great- ly increased supplies of dollar cur- rency Instead of fixing a maximum sterling price limit at a Agure

234

£32

£8

£281

£11

$72

180 cts.

$70

$50

820

| 80/7 28

LONDON STOCK

EXCHANGE

(REUTER'S SKEVICE)

London, December 5.

The following quotations are the middle prices at the close of the market in London. All quotations

are subject to confirmation and

no responsibility is assumed for errors in transmission.

||

stated that soon after the cut-Motherlode 088, Mine Operation break of war the Government de-09 b, North Camarines 171 s, Para- cided, as part of their general po-cale Gummaus 18) b, San Mauricio licy for preventing undue rises in 35 s, Surigao Con. 17 b, Suyoc con the prices of essential commodi 141 8, Syndicate me, 019 b, Unit ties to fix a maximum price for eg Paracale 23) a

tin in this country and to request the Governor of the Straits Settle- ments to take parallel action in that Colony,

It was never intended that these maximum prices should be maintained Indefinitely, without regard to the level of prices elsewhere.

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

HONGKONG

SHAREBROKERS

ASSOCIATION

Valame Of Business Transacted on Wednesday, Dec. 6, 1939. Masbate

5,000 $0.23

THURSDAY, DECEMBER 7, 1939. -PAGE 9

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8200

8396

$1

$180

Shipping

Douglas

Steamboats

$12

$60

Indo-Chinas

(Prod.}

830

Indo-China (Del.}...

Docks, Wharves,

101 KE. Whart

$4,20

$19

84.90

ΒΙΟΙ $4.20

Σ

Providents (new)

War Loan, 34% Red

H.K. & W. Dock... 819

Do. (new)

$104

after 1952) Canton-Kioon Riy. 5% 17

928

8204

Chinese 41% Gold Loan,

$14

1898 (Brit. Issuc)...... Chinese 5% Gold Bonds,

55

18/0

30 70

1925-47

47

+23

Chin. 44% Anglo-French

Loan, 1908

50

Chinese 5% Crisp Loan.

1912

24

$4.65 #33

$4.70

Chinese 5% Reorg. Loan,

$33

#33

1913 Ldn. K.)

38

$100 Do. 4% Debentures $1080 Bbagai Lande

$4.35 E.K Hosition

98%.

Chinese 8% Ster. Notes,

B.

1925 (Vickers)

12

$4.40

$7.90

Chin, Imperial Rly. 5°

Loan

55

:

Ronan Rly. 5%

15

$23.80 Hukuang Rly. 5%, 1911...

17

$170

$42 $100

Aukuang Rly. 5%, 1011"

(German Issue)

16

Lung Tsing & U. Hai Rly.

-5% 1913

14

| #UNITED TRADERS-Hong Kong.

Tramways

$10

S'hal-N'king Rly. 5%

20

$7.70

::

Peak Trama (ww} ...

$3.85

Tientsin-Pukow Rly. 5%

$834

(Brit. Stpd.)

14

Dunlop Bubber.....

I'mati Ferries

8:3

Tiental-Pukow Rly, 5%

27/3

Do.

(German 8tpd.)

14

$7.85 Chiza Lights (0)

$7.00

$4.70 China Lights (New)

China Lighta Rta.

$4.80

2512

H.K Electrice

851;

$18 Macao Electrics: ...............

Bandakan Lights

$23

23)

Telephones (old) ....-..\| Telephones (@W)...

$21

1:31

$7.30

18.3 Tractions pute.

18/6

18/9 Tractions (prel.}.

Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl, Loan) 14 Tientsin-Pukow Rly. 5%

(Ger. Stpd: Supl Loan) 14 Jap. 5% Bler, Loan, 1907 45+ Jap. 8% Ster, Loan, 1924 53 Ger. 7% Intl. Loan, 1924 6 Chartered Bank .......

Gen. Electric (England) 75/6 Guinness (A) Son & Co. 83/8 Hawker Siddeley - Alrc....

16/3

Bristol Aeroplane

-15/7/ Imperial Chemical. Ind. 30/11 Imperial, Tobacco

116/3 Marks & Sp'cer "A" ord. 51/9

Rolls Royce

97/6

8

Leyland Motors ..........

88/9

Industrials

$14

|Cald., Masg, (Ord.) B.

HK & S'hal Bank (Ldn.

Reg.)

Tate & Lyle' ...............j..............

57

B2

Turner & Newall

73/44

STB

Cald., Macg. (Frež.) 8.

HK & Bhai Bank (Col.

United Steel .......

21/41

$1

Canson Ios

$1

Reg.)

84

Smethwick Drop Forg.

13/3

#162

$151

Cemanis

$5.10

36.15

Miscellaneous

$20

$20

Dairy Farm. (Old)...]

320

#192

#61

#81

$97

$8.30 [381/30

Deir

Farin (New)

Ch. 'tainmenta

$1.70 Constractions

($1.70

#1 Constructions (DW)

$74 Lane Crawforde

Nanyang Tobacco

$1,80 Binotras

Watsons

47% Ch. 0.5% 1996G $341,

H.K. GOT!. 4% Loans,

$19

$8.20

$8.25

$100

$97

H.K. Gori, 84% Loan

F

841

H.E. Wing On

{S'hal : Wing · On"

#8

Vibro Puling

10/0

4/0

$10

Marmana Inv. (Lan,)

Margmats Iny. (H.K.)

31. Wm. Powałki, śmiecise.

**Muir mi

Chinese Eng. & Mining

(bearer) açı Chosen Corporation

18

Armstrong Stevens, ord. Pressed Steel, com...... 14/71

6/-

6/6

Vickers, ord

96%

We lo

Woolworths

Pekin Syndicate

Shai Elec. Constr Co.

Shai Waterworks “A”.

13

Anglo-Dutch

16/6 60/104 27/9

12

Union InsurENCE”.....................

23

Gula Kalumpong Rubber 20/71

Rub. Flant. Invest. Trust 32/9 Burma Corporation...... 12/4) -Commonwealth Mining:

Allied Tronfounders.

15/3

47%

Asso. & Elec. Industries 30/3

Austin Motors, ord. Cable & Wireless, New..

Form, ord.

17/6

Marsman Investments... 15/- 'Randfontein Estates ........ Western Holdings

/

38/11

11/3

Sub-Nigel

201/3

541

Tanami Gold Mining... .36"

B.-A. Tob, (bearer)

91/3

Anglo-Iranian

Mercantile Bank

124

Burmah

Cammell Laird, ord.

6/6

Shell Track,

Trad.

Mexican Eagle Courtaulds

#Balai | to/Shanghai

Distillers

6/74 33/6 85/41

(bearer)

58/3 81/101

80/75

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