12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers
Association.
FRIDAY.
Bayon
Lalkris
*alse
Nemina
AUGUST 24.
Bayern
Jallare
Bald Minn
Banks
H.K. Banks
$1735
£135
Bo, (London)
210
Chartered Banks .......
231
Sercantile Uks. “A“
***
£131
384
Bank of East Asia..
£18 £301 £15
$84.
$290
Do.
N. C. & S. Barke
Am. O. Fla. Corp: 8.
Ch. Fin. Corp. Ord. 8.
1
Do.
Insurances
$40.85 Douglasei ..............
Stean.bou.tx
断
100
19
$1,725
$5.00
37
$30 $36
47/6 $131
Prof. S
***
+
Canton lusurB2068,7
$1.30
Underwriters
$910
Union Insuranone
$1.20
$1.20
3010
*14
8040
$510
China Ficos
H.K. Firus
$248
International Auroe, S.
$230
6
Shipping
$414
17
580
Indos (pref.)
$33
Do. (dul.j...
46/3
Shells.....
$13;
Waterbouts
Mining
80 ola.
Amtamoka ....................
@ ata.
$361
Balatcos
44 84
Baguio Gold, ur: 41 ota.
Benguet Consolidated
Do. Exploration
120 ola.
Do, GoldBeld....
19 otu
Big Wedge........
124 ots
Gold Creek.....................
$24
Ipo Mixing..................
Itogons.........
£2/8
Kallans
$176
Langkais (single) S.
27/- $184
帽
Explotions...
ta
35
Shanghai Loans
18
$13.10 taubs
$13
$6.80
*umum mafurt
$1.60
$0.45 4021
181
**
(19 ch.
Gold River..................... 20 ats.{23 sts.
HONG KONG I DAILY PRESS, SATURDAY, AUGUST 25, 1934.
NEW YORK STOCK AND COMMODITY QUOTATIONS
AMERICAN ORIENTAL FINANCE CORPORATION AND S. E. LEVY & CO."
New York, Aug. 23. The American Oriental Finance Corporation's, report through their New York agents, Mestra. A Pierce & Co.. atate#:--
Stocks: We still believe that the logical policy is to purchase on minor recessions,
Wheat: Moderate profit-taking and liquidation has continued in- termittently. Trade Was light. Near positions are continuing to resist declines, while Trades are awaiting developments in Wash. Ington.
.
Cotton:-Business Was small and largely of a professional char- acter, with the Trade the principal buyers. There was some hedging. The benefit to be accrued from the rains in the South-West is doubt- ful on account of their lateness.
Rubber:-The market was very Sut quiet and trading remained within a narrow range. Most of the buy- ing came from Commission Houses, while selling was scattered among dealers and local operators.
19 cts.
$112
45 ot-
116.80
32
38
SIIL
$14.60
3113
|50 cts.
Venezuela Gold Fids.
Docks, WharrON,
Godowns, sta.
H.K. & K. Wharvos.
Provident (old)...81.80 $1,60
Do. (New) *'**
H.K. & W. Docks...
S. China Motora 'A'
Do.
"B"
$117 Shanghai Docks S. $3 New Engineeringsd. $319 Hongkowa (old) B. (DOW) 8,
$310
Uo.
Lands, Hotels, and
Buliding
B.E. Realties.........
China Do.............d.
$137 Do. Debentureas.
New York, Aug. 23. Messrs. S. E. Levy & Company's report, through their New York agenta, Messrs. White, Weld is Op. states:-
assurance of the maintenance of the present Gold policy. We do not
belleve, however, that in Hationary sentiment has been per manently alde-tracked and we still favour metals and commodities stocks on any recessions. Bust: ness done: 750,000 shares.
Bonds:-High-grade
Fall issues were slightly better on short covering
bat bids were thin- second-grades continue strong and we look for higher prices. ⠀⠀⠀
And
LATE NIGHT
CABLES
The following cables were re- retved last night by Messrs. American Oriental Finance Cor- poration.
London Forecast Yesterday's gold shipment is ex- pected to dampen inflationary hopes. Therefore, we anticipate some selling which will cause Wall Street to open dull. We expect a two-sided market in Wheat. The frost is affecting the quality more than the quantity of the wheat crop. In cotton, a lower and undecided market is expected. Not much change is expected in ether markets.
A.O.F.C. New York Cables Wheat: The market was dull. Formation Liberty League has Apprehension. regarding frost potentialities of pressure on Ad- damage was offset by the effect | ministration, towards conservatism. of further heavy Winnipeg hedge | The opening volume was much selling. The American wheat less than recently. In the cotton areas need soaking rains badly. market, there were Liverpool and Receipts of Corn are decreasing.
modest trade buying which ab- Wednesday's sales: 25,586,000|sorbed small hedging and scatter-") bushels. Corn:15,590,000 bushels. ed selling.
Cotton:-There WES
fair volume of Trade buying. Many traders are convinced that the 12- cent loan is based on low middling Colton without staple require- ments, while exchange contracts af middling cotton of 7/8th of an inch will make material de elines unlikely.
14
Rubber: The market was Stocks:-To-day's selling of in-featureless. Buying by consumers flationary stocks was influenced by continues to be sporadic. Total Secretary Henry Morgenthau's re- sales: 248 lots.
NEW YORK MID-DAY PRICES
The following mid-day prions were received yesterday from New York by Messrs. American Oriental Finance Corporation and S. E. Lery & Co.
Sterling
H.K, Hotels....... $5.00
3:3
H.K Lands.........8, 352)
1621
$20
Shanghai Landa...8.
$14
Metropolitan Lands..
33.20
$10
Cotton: October Catton December
SIE
$10.40 Humphreya ma
New Asis Hotel
$10
$45
$140
Asis Resitis "A".
120
585
Chinese Estates......
Cotton Mille
Rubber: September Rubber December Chicago Wheat: Sept. Chicago Wheat: Dec.
1.032-
1.041
COMMODITIES
Aug. 23
Aug. 24 Close Open 10.30 11.00 11.30 Mid-day
5.08 5.07 5.07 5.07 5.07 5.07 13.24 13.21 13.20 13.21 13.22 13.24 13.39 13.3813.33 13.36 13.37 13.88 1.143
1.13B 1.13 1.12 1.1248 15.72 15.61 15.62 15.61 15.57 15.57 18.18
16.10 16.06 18.01 16.07 1031031 1.03% 1.031 104 1044 1.04 1.04%
1.04
Ewos
$11
.8$11.10
174
S'han Cottonsfold S.
Corn: September......
76**
ግቢ)
761
761
女
$72,
$451
Do
(new)S.
Corn: December
.773
774-78 78 781
*
Zoong Sings. S.
#111
Winn. Wheat: October
851
847 84*
78 843
:55
Wing On Textiles(9.)|
$55
Public Utilities
STOCKS
$20.70 ex div. 2017
Tramways.................----] 820,60|ox dir.
$15
Poak Trama (old) ...
314
Am. Smelting
381
381
38)
381
382
37
Da..
(new)...
$8.
Anaconda Copper
122
123 124 127
$2.4
$102 Star Ferries $984
'Auburn
231
23
23
23
23+
Taumati Ferries
活
Baltimore and Ohlo
167
$8.70 .38.30 $71)
21
Chins Lights (old)... 3870
164 187 161 162
J. 1..Case
421
421
421 42T
427
H.K. Electrica ...... $71)
$72
Consolidated Gas.
281
29
284 281
- 281
396
Macao do
Dupont
914
924
92
917-
917
$8
Sandakan Lights ....
Elec, Bond and Share
24/24/20
$24.20
MAPA
117
121B
12 B
12
114
$11.80
$11.90
General Motors
30%
30%
302
30%
301
$13.20
Inter. Tel. and Tel.
10
· 101
101
10
102
McIntyre Porcupine.
46!
481
47
471
17/3
241
241 241 241 25
201
204
$11
Malabou Bugar# ...
201 194 20
321
Caldbeck, Ford.) 8.)
N. Y. Central
221
221
221
221
23
$20
'Macgregorsf(prof.)8.
Socony Vacuum
151
15
15
15
15
$2.70
Canton Ives remain
Standard Oll of N, J.
45
45
45
45
45
32.45%
Cements *********** $2.45
United Aircraft
.141
197
141
147
24.25
Ropes
14.15
Miscellaneou
U. & Steel
341
347 341 347
35
$25
Westinghouse
*333
331 33+
331
THE
· Do. (now).. 88.30-
Telephones (old) ....
Do. (now) China Buses. E
8.
Tractions Beanie
✓Do
(pret.)...... Industrials
$25.70, Dairy Farma
Der A Wings..
Amusementais
#1
$74
Ch. K'tainments.
$1.0
Constructions, (old)) 31 65
78
$4.16
$21
$10
Sincerea
$5.60
Wats008
M. Greyhounds..
$1.30, | 5: C., Enterprinse
perm,
Do.
Lane Crawfords...
Mackintoahsini
Nanyang fobacco..... HI
70 cts. Wm. Powells................
19 118
310
$2.80
155 eta.
$1,30
United Thestras... 8,
88%. CL.G.3219250.3 Bdz 50%. prem. 71% H.8. Gort, 4% Loan
$73
81% Wallace Harper H.K. Wing On S'had
Do
Montgomery Ward
Natl Distillers
41
Dow Jones Ind. Average..... 94.05
1978
| 9 | 13
94.05
- ~ ~ ~ ~ ~ . ~ ¶ ¤ ¤ ¤T⠀⠀** (31)
79.5=÷777777
1074 107 106
108 108) Wednesay's sales: 25,586,000 bushels
Chicago Corn
7781 78) 761 781 761
卷
78) 78 771. 774
COMMODITY PRICES
May
4.10
New York Cotton
New York, Aug. 33.
August 22
August 23
Sept.
Dec. -
781 207 sales:
· 807 801 80 881
15,690,000 bushels
Winniper Wheat
84품 854
841 843
851 351
854 857
861 801
891
800 892
891 39*
New York Sugar 1.67
1.82
0120
$115
ון
Oct.
New York Rubber
را
S. E. Levy & Co.'s. Cables
The following cabled reports were furnished by Messrs. S. E. Lery & Co. last night...
American Weather Report All the Spring Belts and the Northern Corn Belt are having a cold snap with frosts. Probable damage is expected. A cold wave is setting along other parts of the Com Belt preceded by showers which are moving towards the coast.
||
The North-west Cotton. Belt is favourable. Texas is still torrid but the weather in North Texas is Hlable to be broken by part of the Northern cold wave. The remain- der of the Cotton Belt is very un settled.
on
Market Reports Favourable factors before open. ing of market:-The volume of business shrinks
reactions. The asked prices for seats on the Stock Exchange do not indicate any bearish opinion. "Interested buyers, generally, can offer within a reasonable distance of the pre- vious "sale price. However, the best offering for a seat at present is around $160,000 compared with the last sale price of $95,000.
Unfavourable Factors: The lack
of conviction regarding the busia- esa outlook, the unsettlement of the wheat market and the tax- drive on foreign operators in the stock and commodity markets.
The market is steady with movements mastly. confined to minor fractions in either way. The resumption of cautious trad- ing seems to be expected, awaiting taxable signs of business improve- ment and developments at Washington.
London Silver:-Spot: 21-9/16 (unchanged); Forwards: 21-9/16 unchanged.
London Silver Report:-America, India and Speculators bought Chiria sold, market steady,
Opening Bates
NY. Cotton: Oct. 13.21, Dec. 13.38.
Investment Securities and Commodities
American
We offer you
Daily Quotation Service
and
Every Facility for
Trading through our New York Correspondents
E. A. PIERCE & CO..
Oriental Finance Corporation
Asia Life Bldg, 14, Queen's Rd., C.
Federal Inc. U.S.A. **.
Hong Kong
Tel. 26691
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
F
SEOPRITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE," INC. CHICAGO BOARD OF TRADE
CORRESPONDENTS FOE WHITE, WELD & CO., NEW YORK
7. ICE HOUSE STREET, HONG KONG
Tel. 90101 and 30103
NEW
YORK
Tel. Address: Selco
STOCK EXCHANGE
THROUGH REUTER'S
AMERICAN ORIENTAL FINANCE CORPORATION
AND S. E. LEVY & CO.
New York: August 13.
QUOTATIONS
New York/London Cross-rate New York Cotton-December New York Rubber-December Chicago Whoat December Chicago Corn -December Silver-Official -.. ....
Last Today's High Low Close Close Change 5.091 5.081 5.00 5.084 .01 off quiet 1341 13.88 13.31 13.39.00 up 18.24 1817 -16.24 18.18.00 off 100 103 1082 1043 1 of 781 77478) 77% 1 off
unchanged
491
44
* Dow Jones Averages, High=1933/84 Low: Aug, 22.
American Radiator....... American melting................
1.00 Borden Company
Canadian Pacific
401
199
37 off
.03 up. 1.93.of
LAST SATI
Aug. 93. Change
30 Industrials
110.74
60.16 94.32
04.05
20 Bair
20 Utilities
55.94 37.720
25.43 37.24
19.23 21.04
37.14 21.08
.10 of
.04 'up
40 Bonds
95.48
73.31 93.18
93.12
11 Commodity Index
65.45
41,98€ 69.33
62.11
Dry. #
PAR SH.
1933/34 Hrom Low
Aug. 22. Aug. 23.
3.00 Air Beduction
113
$991 " $99.
8.00. Allied Chemical & Dye 4.00 American Can ..............
160
701
1301 131
107₤
49
99
987
19
42
141 14
10
381 381
9.00 American Tel. & Tel. 5. American Tobacco "B" 1.00 American Waterworks'
1342
113 1123
942
77+ 767
43+
5
178 174
"Anaconda Copper Mining
Auburn
13
841
244
234
123 231
Bendix Aviation
234
131 st.
131
37
18
201
1031
43
201
71
144
0.50 Caterpillar Co.
33
28
140 Chase National Bank
25 bid. 25 bid
1.00 Chrysler Motore
8.
78
351
3.40 Consolidated Gas of N.E.
at
291
-
Curtim Wright
st
3
2.00 Du Pont de Nemours 3.00 Eastman Kodak ........
*1037
32
912
912
1004
48
100
21
311
8% Electric Bond & Share
117
48
9%
Electric Power and Light...
41
134
Vit
.a
0,40 General Electric
301
197
1.60 General Foods .....
201
30% .91.
1.00 General Motors
31
49
10
112
72
1.20 Gold Dust ...............
180
978
12
0.60 International Harvester
281
0.10 International Nickel
46%
261
International Tal & Tel
10% ··107
518
4.00 Liggett & hyers "B"
972
99€
1.00 Loew's Inc.
281
361
Hongkong Banks, $1740. Underwriters, $120.
2.00 Me Intyre Porcupine dane
Montgomery Ward
:
18
482
35
83.
25
2.0 National Biscuit.
609
31+
337
1.00 National City Bank
4X
107
23 bld 231bid
1.20 National Dairy Products
251.
10
171.
National Distillers
412
201
+23
"Hotels, $5.50.
N. Y. Contral mon
15
0.60 Otis Elevator
251
16
31
241
12
·371
154
201
181
MY. Rubber: Sept. 15.58/15.62, Dec. 18.08/16.07.
Chicago Wheat: Sept. 103, Dec. 1041/104.
Chicago Corn: Sept. 781, Dec. 778/772
Winnipeg Wheat: Oct. 851/247. N.Y. SIK: Dec. 112.
H.K. SHAREBROKER'S ASSOCIATION
BUYERS
Electric Auto-Lite Co.
100 Gillette Safety
ནཱཨྠརྡམོༀགྷgཡོཔྤཎྜཔའོགཧཱུྃ ཨྰཿཀྰཨྰཿནནྡསྶནྣ=īཨཱབྷིནྡསྶདྡནཱནཛཱ
ཊྛདྡྷེནཏྠ॰ ཏྠརོབྷཱཝིཏྟབྷཱཝརཏྟཾ
35
341
332
THE EXCHANGE MARKET
MESSES. ROZA BROS. REPORT
Sterling
Closing Opening
Closing Oct. 13.18 13.12 13.14 13.24 13.24 May Dec. 13.32 13.31 13.30 13.38 13.38 Total Jan. 13.37 13.35 13.35, 13.44 13,44 Mar. 13.49 13.47 13.48 13.55 13:55 May 13.56 13.55 13.55 13.56 13.58 | Oet. July 13.63 13.62 13.63 13.71 13.71 | Dec. Spot 13.30
13.40 May
Sept. 15.75 15.70 18.71 15.72 15.72 Sept. 15.91 unquoted 15.87 15.87 -Dec. Dec. 16.24 18.18 16.20 16.18 18.18 Mar. Was on offer at the opening of Jan. 16.33 16.30 16.31 16.31 16.31 Total sales: the market at 1/6 17/32 with Mar. 18.65 16.59 16.80 1857 18.58 buyers at 1/6 19/32 but the selling May 10.91 16.85 16.85 18.85 18.88 rate was eventually accepted" - by Total sales;—; 248 lots. buyers leading to business for cash
Chicago Wheat
1051
105, 104
at that rate and also for Beptem- ber followed by business at 1/64 Bept. 1044103 1031 for cash. At 1 pm there were Dec. sellers at 1/63 with buyers at 1/6 17/32.
There was no change in the
U.S. Dollars Spot price of Silver at 21 9/18 but Forward at the same price was Were dealt in at 391, for October,
1.68 167 1.68 1.00 1.761.74 1.74 -1.76 1.78
1.81 1.81
1.82 1.83 21,000 tons
New York Bilk
Sept.
1.11 1.11 1.11 1.11 Dec. 1.14 1.12 1.14 1.134 1.141 1031 103 Feb. 1.16. 1.15 1.15 1.15 1.15 104 1041 Total sales:A 123 lots...
<
Shanghal Market Sterling at 1/4:11/16 sellers, 1/4 buyers. Dollars at 35 sellers, 35 7/10 buyers, 35 5/16 buyers.
1/16 up. India bought and there 39 5/16 second half September 18. buyers, but receding ater to was also some speculative support and 39 3/16 for August, closing given to the market. China sold. with sellers at 391 and buyers at American purchases were reported 394 with a likely business rate at to have been small. The market 39 3/16. closed on the steady side but
without robustness,
In New York Sterling opened at
5.09 and closed at 5.08%
Market
Steady at a slightly lower level
12941
561-
Yea
Gulldern
Shanghai DoHara
IN THE AFTERNOON The tone was steady for the greater part of the afternoon. operators refusing to budge from quotations, but towards the last half hour the market eased to some extent.
Sterling Sterling was offered at 1/6 with 1107, 110 15/18, business done: buyers at 1/8 17/32. 1/6 was
1.12
eventually accepted for August. Dollars were dealt in at the mild- dle rate of 39 3/18 for delivery in August and September and later at 391. Sterling Anished with sell- ers at 1/6 15/32, possibly 1/61, buyers at 1/6 17/32 September. Dollars at 39 1/16 possibly 391, buyerg at 99. 3/16.
Shanghai Dollars The market was slightly easter in the afternoon, Sterling at 1/4 and Dollars at 35-3/16 and 351 sellers and buyers respectively.
Urilon," $545, Antamoks, $62. · Baguio Gold, 41.
Lands, $52).
Ewos $11.00. Providents; $1.50. HK Tramways, $20.50. Ferries, $091 Lights (New), $8.30. Electrics, $71. Telephones, (old), $24. Cements, $2.45. -
Construction (Old), $1.65.
Constructions (Now), 78 cts. Nanyārgs, $42,
Gold-$. Bonds, 88% Govt Loan 34% 2% 8.C. Enterprise, $1.30.
SELLERS
Unions, $555;".. Antamoks, $84. Cantons, `$2873..
1.40 Pacific Gas & Electric
Packard Motors
*0.50 Pennsylvania Railway
Radio Corpa,in
Bears Roebucke
0.40 Bocopy Vacuum Corpn.
- Southern Pacific"
1.00 Standard Brands
Ständard Ga
1:00 Standard Oil Co. of New
Jersey
1.00 Texas Corporation
0.12) Trans-America
31 102
244
1.00 Union Carbide & Carbon 18.00 Union Pacifo
617
182
United Air and Transport...
United Corporation
United States Steel
Westinghouse E. & H.......