1937-12-01 — Page 19

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

S

TOY FAIR

OPENS

AT

INCERE'

THE CHRISTMAS STORE

S

A

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