12
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Sharebrokers' Association
Buyers Bellas
Nam
MONDAY.
Nominal
Ballara
SEPT. 10.,
Balné
Banks
3." $1,730)
H.K. Banka
£138
20. (London) **
31,720
Uhartered Banks.....
وبالت
Mercantile Hks. "A"
213
D
Bank of East Asia..
218 £31 213)
189
N. O. & S. Backe
$20
Am. O. Fin. Corp: 8.
H
35
$296
TII
$1.15
$640
Ch. Fin. Corp Ord. 8.
Do
Frot S
Insurances
Canton saraucom.. 1252||
Underwriters ...... $1.15
Union Insurances va 1630
ཀླུ་: 1
30.70
$510
China Fires
550
$845
H,K. Ficus
$247)
International Asson, 3,
6
+
Shipping
Douglasta .......n] 541)
Steamboat
$33
Indos (pref.)
$31
Do. def.),
17 $30 $36
47/8
$131
Waterboxta
Mining
むい
Amtarnois
63 cts
$38
Balateos
1. Baguio toki
41
Benguet Consolidated
46 cta. 3411
17hota
Do. Exploration
19 ch
20 ota.
Do. Goldfield
12 at
Big Wedge
22 als Gold var
12
Gold Creek.
32
ipo, Mining.
D
Itogona
23/11
Kailan
22 6
3179
Langkats (single) s.)
$18
15
Explorations.............
Shanghai Loans
36
113
Raubs
$13
15
***
Mumlu e
-
14 st.
HONG
KONG DAILY PRESS, TUESDAY, SEPTEMBER 11, 1934.
NEW YORK STOCK AND COMMODITY QUOTATIONS
AMERICAN ORIENTAL FINANCE CORPORATION AND S. E. LEVY & CO.
New York, Sept. 8. The American Oriental Finance Corporation's report through their New York agents, Mesara E Athe prices. Pierce & Co.. States:-
M
Stocks: We think the market is now in a position to respond either way to any important news.
W
Second-grade issues
LATE NIGHT
CABLES
The following cables were re- ceived last night by The American Oriental Finance Corporation.
London Forecast
Wall Street is expected to open steady. The Government Rean ancing Plan is meeting with up- Bonds:-Government bonds ruled Proval, but the labour position is .stul depriving the market of any easter. High grade issues had a heavy tone than was indicated by the commodity markets, wheat Incentive to extend business On
prices before publication of the were a shade 'easier.
bureau report may be fractionally Wheat: The market is improv-lower. Rubber prices are expect- Ing. There were some sales of ed to open a shade better. In tot- Flour, which resulted in re-buying ton. prices may possibly be 28 to orders from hedge sellers and also 30 points lower on the bearish bureau report which generally sur- prised the market, but prices may Improve. Strike news is slightly better and weather conditions are unfavourable.
Wheat:-There was fair support on the dip, following the bearish Millers. Stocks of wheat are cotton report, which did not extend reported to be modest, excepting far. The cash situation is the temporary technical corrections.. dominant influence; with the pre-
Friday's sales: Unavailable, miam remaining firm, in all domes- Grains: The market is expected
tic markets. The cotton estimate, to work higher and we suggest a is moderately bearish, due to the switch from old crop December high basis and light offerings of wheat to new crop promptly. "Spot" cotton in the South, A
Cotton:-While the Government good demand is expected on weak- Bureau Cotton crop report is ness, especially should the strike bearish, the Cotton loan plan makes turn favourably.
a material decline unlikely.
Rubber: The primary markets
Rubber: The market was ex-
94 attremely dull and featureless with report continuous good buying by
the London market closed."
Flash:-The following report was Issued by the Government" Bureau of Estimates at noon to-day:-
Condition as of 1/9: 53.8 per cent.
of normal.
Crop Indication: 9,252,000 bales. Acreage abandoned since July
1: 2.8 per cent.
|
consumers. As the full effect of the restrictions on exports makes Itself felt, prices should harden.
Business done: 17 lots. Flash:-The following telegram was received from Reuter's Com- mercial Service:---
The Crop Reporting Board of the Bureau of Estimates of the De- partment of Agriculture to-day an- New York, Sept. B. Messrs. S. E. Levy & Company'snounced its third Cotton crop re- report, through their New York part of the 1934-35 season, as fol- agents, Messrs. White, Weld & Co. lows:- states:--
Stocks:-The market is still un-
| settled, mainly owing to uncertainty as to the possibilities of inflation. Business done: 210,000 shares.
ו'
Condition as of 1/9: 53.8 per cent.
of normal.
Crop indicatión: 9,252,000 bales. Acreage abandoned since July
1st: 2.8 per cent.
34.70
NEW
YORK
MID-DAY
$45
PRICES
The following mid-day prices were received on Saturday from New York by The American Oriental Finance Corporation and Messrs. B. Levy & Co.
A.O.F.C. New York Cables Labour strike clouds overhang the market and in absence of good news further irregularities are in- dicated. The opening was practi- cally unchanged and the" turnover was rather amall. Cotton: There was good demand by the trade. selling was well absorbed."
S. E. Levy & Co.'s Cables
The following cabled reports were furnished by Messrs. 8. E Levy and Co. last night:-
American Weather Report (New York, Sept. 10, 6 p.m.) Cotton: The weather in the Cotton Belts is slightly warmer while the East is experiencing fur- ther "rainfalls. Carolina and the Coast are both becoming mote settled,
the otherwise
weather generally is fair.
Grain: All the Grain Belts are very cool but the Western Corn Belt is having thunder and showers.
Canada will probably have frosts.
Market Reports. Favourable factors before the opening of the market:-
1. The market appears to he well liquidated.
2. The recent resistance in face of prevailing uncertainties is ze- garded as re-assuring.
Unfavourable factors:-}
Investment Securities and Commodities
We offer you
Daily Quotation Service
and
Every Facility for Trading through our New York Correspondents
E. A. PIERCE & CO.
American Oriental Finance Corporation
* Asia Life Bldg.
"14. Queen's Rd., C.
Federal Inc. U.S.4.
Hong Kong
Tel: 26631.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES 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 FOB WHITE, WELD & CO., NEW YORK
7. ICE HOUSE STREET, HONG KONG
Tel. 30101 and 30103-
NEW YORK STOCK
Tel. Address: Seleo
J
EXCHANGE
THROUGH REUTERS
AMERICAN ORIENTAL FINANCE CORPORATION
AND S. E. LEVY & CO.
QUOTATIONS
New York: September 8..
New York/London Cross-rate New York Cotton-December New York Bubber-December
Last Today's High Low Close Close 5.00 5.00 5.00 B.00 13.35. 13.37. 13.98 13.28
18.11 16:11 16.10 15.18
Chicago Wheat December 1081 107 107 1071 "Chicago Corn -December 80% 761 80 794
Silver-Official
Dow Jones Averagen High-1833/34 Low: Sept. 7. Sept. 8,
Change
up. Dull
$111
31
50 ct.
$141
Venezuela Gold Fila. 844
Docks, WharrOS,
Godowes, ats,
HK. & K. Wharves
Providente (ohl)
Do (new).
H.K. & W. Docks..
3110
Xx
$14 35 CL 2141
12
#:1
S. China Motor A'
Do
$118 Shanghai Docks S.!
311 $310
New Engineerings 8.1
Hongkowe (old) 5.
Dor (new) .
Lands, Hotels, and
HK Lands..9.] 349)
Buildings
$5.55
H.K. Hotela
$5.45
$50
$27
Shanghai Lands...8.
$14
Metropolitan Lands
14.70
H.K. Realties..........
$154
Chins Da................ ....5.
$137
Do, Debentures.
$10
Humphreys .........
Now Asis Hotel .....
$140
Asia Realties "A" S.
320
Do
"B" S.
188
$10.80
Chineas Eatate.....
***
Cotton Mill
41
Ewas $10.83
173
'S'hai Cottona(old)S.
$73
844
Do.
(now)S.
COMMODITIES
Sept. 3
Sept. 10
Zoong Sings......
$56
Wing On Textiles(3.)
$32
· Public Utilities
New York-London
120
Tramways ..*******
$20,40
Cotton: December
$18
Peak Trame (old)...
Close Open 10.30 11.00 11.30 Mid-day
5.00 4.99 4.992 4.99 4.992 4.992 13.20 13.04 13.11, 13.11 13.13 13.12
$14
$7
Do... (now)...]
Cotton: March
16
13.39
13.21 13.20 13.23
13.23
$100
Star Ferries
3991
Bik: December........
24
1.12
1.108 1.108
1.103
1. Constructive. lacking.
5212
Yaumati Ferries.
***
Rubber: December
16.16
16.05 18.12 · 18.14
16.12
$8.56
China Lights (old)... 8.40
Rubber: March ...
16.54
16.48 18.50 16.50
18.54
$8.10
Do. (new).....] $8,10
5721
H.K. Electrica *****
8721
Wheat: December
1.074
1.07
1.079 1.078
1.071
$20
Macao do.
Wheat: May
1.07%
1.07
1.08 1.081
12
Sandakan Lights ....
Corn: Decembe...r
70%
791
792 797
1.08% 79%
$24.10
311
17/3
Telephones (old)
Do.
(now). IT $13.90 China Buses...
Tractions *****
Do. (pref.)-
Industrial
323.65
Corn: May
82
814
Winnipeg Wheat: May
90
82 817 89% 901
811 001
STOCKS.
American Smelting
35
341
341 344 35
$10
Malabon Bugars ...
$21
Caldbeck, (ord.) §.
Anaconda Copper
$20
Macgregors prof.)Ė.
Auburn
221
$2.70
Canton Ices
Baltimore and Ohio
$2.60
Cementa zencastad) $2,4ŭ
J. E Case
231
Ropes ..................................
Miscellaneous
134
*Consolidated Gas of N.Y. "263
261
Du Pont
87
#251
Dairy z'urias $24.881
Der A Wings
EL Bond and Share
Amusements ....
++
13)
General Motors
104 201 10 101 28#
$71
Ch. E'tainments......
-877:30
Int., Tel. and Tel,
81 01
$1.80
Constructions, (old) 41 68
Do.
Loew's Inc.......
26#
27
(now,[75 sts.
34.15
Lane Crawfords..
McIntyre Porcu.
46
$4.10
Montgomery W.
237 244
Nat, Distiller's
197
101
$10
บ
$10
N. Y. Central
217.
·211
35,80
$6.80
70 eta,
Socony Vacuum
55 ct
$2
M. Greyhounds.
Standard Oil Co. of NJ. .44
44 431
$130
$1.30
Un. Aircraft
14*
U. S. Steel
321 32
567%.
1° & 9 Fä (978 |
24
24
24
201
88 881 884
201 261 281. *88* 88} 101 # 101
29
29
281
91
91
DI
27
27
27
46
46
48-
"
24
24
24
.201
197
197
21
21.
211
437
431
44
J
149
144
141
33
33+
33
2. Rallies lack follow through.
The market is quiet, but steady, with minor gains and losses evenly divided. Traders are disposed to awalt developments. Continued narrow and indecisive movements seem indicated.
Steel operations in Youngstown this week are estimated at 24 per cents of capacity. The publication "Steel" says that although there has been a slight gain in demand since Labour Day, producers do not expect a broad and substantial recovery until after the Autumn elections and a clarification of the. Government's policies.
London Suver: Spot, 21 13/18,
down 1/16.
Forward. 21 7/8, down 1/18:" London Sliver Comment:- America, India and Speculators bought. Chian sold. Market steady.
Bendix Aviation -
1.80 Borden Company
J: I Osse
Canadian Pacific
8% & Electric Bond & Share
Electric Power and Light... 0:40 General Electric
160 General Foods
1.00 General Motors
0% up 06 up
off
off
49 19. unchanged
Change
30 Industriala-*
110.74
20 Bails
16.94
50.16 0.99 __26.45 36.11
90,83 .16 off
36.14
.03. up
news
is still
30 Utilitan
87.73..
40 Bonda
95.48
11 Commodity Index 65.45
19.33 20.03 *73.31 92.39 41.98 83.33
18.96
07 of
89.20
.08 off
63.49
.20 up
DIY. PIR. SH.
*1933/34
LAST... Saxe
Kids
Low
Sept. 7. Sept. 8.
3.00 Air Reduction
112
$100
$99
6.00 Allied Chemical & Dye". 4.00 American Can ...
180
70
127
127
1071
97
971
American Radiator...... American, Smelting..
-19
13
121
.50
341
35
9.00 - American Tel. & Tel .6.00 American Tobacco "B" 1.00 American Waterworks
1342
1131 113
751
75 bla
16
151
Anaconda Copper Mining Auburn
-921
117
111.
84₤
221
221
231
131.
12.
37
251
#251
108+
30
30
39.
201
131.-
13+
0.50 Caterpillar Co.
23
25
25
1.40
Chase National Bank. A.......... 1.00 Chrysler Motors
401
23 bid. 23 bid
.7A
321
321
340 Consolidated Gas of N1Y.
"Curtiss Wright
27
281
27
200 Du. Pont de Nemours 3.00 Eastman Kodak ... Electric Auto-Lite Co...i
1031
B8
871
1001
99
981b.d
311
221- 23
48
·10)
-104
L&#
4
181
18
162.
291
201
281
283
1:00 Gillette Safety sakanyan
ต
11
1074 1973 1973 1972 108 108 108 1073.
Unavilable
Market closed
H.K. SHAREBROKER'S ASSOCIATION
BUYERS
Banks, $1720. Bank of East AEGa. $89. Canton Insurance, 8295. Underwriters, $1.15. Unions, $530. Vens. Goldfields, $41. Hotels, 85.35,
Lands, $491.
was $10.85.? Lighta "(old), $8.40.
Lights new), 18.10.
Telephones (old), $24
Cements, 82.35.75
Constructions (old). $1.65.
· Constructions (new), 75 cts. Nanyangs, $470.
Gold $ Bonds, -88%. Govt. Loan 4%, T+%. Govt. Loan 31%, 21%
BELLEES
Canton Insurances, 8200. Entertainmenta, $7.30.
SALES Electrics, $12.35/72.
1.90. Gold Dust........ 0.60 International: Harvester 0.10 International Nickel
International Tol. & Tel. 4.00 Liggett & Myers "B". 1.00 Loew's ILC ......
200 Me Intyre Porcupine
Montgomery Ward
National Biscuit.
100-National City Bank PEJANT 150 National Dairy Producte
National Distillers NYCentral .....
0.00 Otis Elevator"
M
Standard Gaa
1.00, Standard Oil Co.
Jersey ...
1.00 Texas Corporation
0.121 Trans-America 100 Union Carbide 6.00 Union Facida
United Air and United Corpo United States Bter
* Westinghouse
Carbon
11 bid'
971
181
174
467
257
254
19
24吋
21
91.
81
90€
973
97
20%
50%
1821
261
46
601
241
231
321
32
284
20 bid 20 bla
413
102
187
21/
211
141
14
1.50 Pacific Gas & Electric
017
15
15
Packard Motors
38
31
0.56 Pennsylvania Railway R
Radio Dorpa
221 231
Bears Roebuck ...............
0.40 Bocony-Vaosuni Corpn.
54
38. 36
54
197:
*141*
- Southern Pacific
∙14.
1.00 Standard Branda
178 174
191: 101 72
4444
227
perm,
Mackintosh K........
Nanyang Tobacco... $4.75
Sincerede
Watsone
Wm, Powells ... aer
a. C. Enterprises
United Thaitran....... 8, 887.Ch.6.0 192.3d
P. 71.
$110
H.K. Goys 4% Los
Do. 31%81% Wallace larper..
H.K.
8 Win a
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
Another dull day has to be re- corded. Deals were done in Banks at $1725 and Unions at 55374 and $539. Lands and Bertries were, on offer at 850 and $724 respec- tively. Hotels were enquired: for at $5:40, Cements, at $2.40, China Lights (old) at $8.40 but no trans- actions were reported. There were buyers of Antarioks at 83 cts.. Gold Rivers at 23 cta. Realties at $4.60 and Government Loan 34% at 2% premium, but these pri- ces did not appeal to sellers."
SALES
Hongkong Banks, $1725,
Canton Insurances, $290. Union Insurances, $540. Hongkong Lands, $60. -- Telephones (old), $24.10.
BUYERS
Westinghouse
COMMODITY. PRICES
Closing Opening
Oct. 13.14 13.20 13.22 13.15 13.16 Dec. 13.26 13.34 13.35 13.27-13:29 Jan. 13.32 13.39 13.41 13.31 13.33 Sept. · 791' 13.38 13.48 13.49 13.36 13.39 Dec. Mar, May 13.46 13.52 13.53 13.43 13.44 May July 13.53 13.59 13.57 13:48 13.48 Total sales: Spot 13.35
$106
Chicago Wheat
$101
New York Cotton
Sept. 1081 106 1082 106 106"
Sept. 7
New York, Sept. 8.
Sept, 8
Dec. May
1074 1081 Friday's sales:
Closing
Chicago Cern
.19 79
801 82
9781781 201801 791 795 82182 B2 82 Unavailable:
13.40
Oct.
New York Rubber ·
15.81 15.75 15.75 15.89 13.89 Dec. 16.10 16.10 18.10 18.15 18.16 Jan. 16.19 unquoted 18.28 16.28 Mar. 16.48 16.47, 16.47 16.54 18,54 May 16.74 16.74 16.74. 16.79 18.79
1.90 July 17.02 17.07-17.07 17.08.17.05 Oct. Mar Total sales:..
17 lots
1.89 May 1.93
Oct. Dec.
May
Winnipeg Wheat
832
848 844 851 851 851 00 904901
New York Sugar
832 837
90.
New York Sur
Electrics, $72.
Sandakan Lights, FB. Cements, 82.80.
Dec.
1.12
Feb.
* 1:13.
Market closed
Dairy Farms,ɛ $254.
April
Hongkong Banks," $1720. Bank of East Asia, $88, Douglases, 8404 Antamoks, 63 cta. Gold River, 23 cts. Ewo Cottons, 8h. $1080. Realties, $4.50. ‹ Chinese Estates, $68. Hongkong Trains, 820. Electrics, $724.
Telephones (öld), $24.10. Telephones (new), $11.- Singapore Tractions 4/5. Singapore Tractions (Pref) 17/3 Constructions (new).78 cta Govt. Loan (3%) 24% Frem,
SELLERS
Hotels, $5,55.- Star Ferries, $100,
1.13
812