STOCKS
12:30
$80
$24
N. C. & 9. Banks.....
Insurances
Canton lauLTEN.COO.........
$51 Union Insurazitët ............
Underwriter ...............
1819.K, Firos....
Shipping
Douglasen ...
$39) Bamborts
Indo-Chime (Pref.)...
Indo-Chinas (Del.)
$88/3 Shells
$8.50 Waterbosta
וי
Adams Express “...*** Alleghany Steel Co. Allis Chalmers ......... 431 Amer. Can...... Amer. Cynamid “E” 181,
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS "Hong Kong Stock
Exchange
Sharebrokers' Association
SuperSeliora Sales Noi THURSDAY,
Buyers Sellers
JUNE 23.
Banks
H.R. Banks
FINANCE
THE EXCHANGE NEW YORK STOCK EXCHANGE
MARKET
A
MESSRS ROZA BROS.
The price for Ready Silver was Seleseminal unchanged yesterday at 18 15/18 but the Forward räte rose 1/16 to 18 11/16. Silver advices reported speculators, RA having operateri 11,480 Both ways. The market was steady with nothing doing. American Silver was quoted at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 495.58. New York-London was quoted at 495
£871 Do. (London) ............. 211 Chartered Banks.... Etsareantils Bks. “A” £13 Marcantile Bke. "C" 390 Bank of East Aziz...
£23
£14
$86
ΟΣ
3950
9/16.
1000
MARKET
12 $130
Idle.
1038
(Through Renter's Service)
QUOTATIONS
High Low Dow Jones Averages 134.98 98.95 30 Industrials
39.77 18.00 .30 Baile "12.20 16.14 90 Ulliten #9.70 83.39 "4: Bonds 64.31 $5,09 TF Comuxdity Index
46
Business Done:–1,710,000 shares.
FRIDAY, JUNE 24, 1938.
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
New York Cotton-July, New York Hubber-Jay.
192
June 23, 1938. June 21. High Low Close 131.34 124.74 120.63 123.99
Chang 265 up
New York: June 29.
21.51.
12.63 91.50 22 46
.95 ap
Last Today's
10.00
20.52 1951 10.38
10 up
"High Low Clowe
Close
Change
}
$4.84
43.34
85.58 .79 up 48.34 moh.
8.89 3.45 8.51
8.88
.03 oft
13.30 11.10
12.87
1330
.43 up
Chicago What --July. Chicago Corn Winnipeg Whost-July.
77 781
77
1; oft
July.
110
07 57)
87)
07
107
109)
108
if off
Last Bule
STOCKS
Last Sale
June 21 2
June 21 22
91
Humble Oll
64
65
187.
184
Int. Nickel
451
46)
NEW YORK COTTON
Cluse
Opening Closing
Change
+41
Int. Tel & Tel
91
92
July....
... 8.61/61
8.56/57
8.58/58
.03 od
90
96
191.
Int. Dept Stores Kennecott Copper...
91 91
October
8.63/64
8.60/59
8.58/59
.05 of
334
351
December
8.58/68
`8.43/64
8.84/64
.04 off
܊ ܐ ܊ ܐ ܊ ܃
Mining
14/8
Keilans
Baubs .....
**
jets
Venezuela Gold Fids.
Hong Kong Mines......
Docks, Wharves,
Godowns, etc.
$2
H.K. & K. Whares...
$124
0191
Providents (ald).........
$3.40
$75 3231
$31 1124
88/3 $8,90
$14/6
JAT
STERLING There were sellers at 1/2 15/16 June-August and 1/2 29/32 Sep tember-October. buyers at 1/2 31/32 Cash August and 1/2 15/10 October, possibly September.
E.R. DOLLARS
Sellers at 30 7/8 June-July and 30 13/18 Angust-September, buyers at 30 15/18 Cash-July and 30 7/8 August-September.
SHANGHAI DOLLARS
Nominal.
Amer. & For. Power 31 Amer. & For. $7 pl. 19 Amer. Locomotive Amer. Metals.........
37
20
17
171
Lambert Corpn....... Libbey-Owens- Ford
Glass......orate
10** 114
January (1939)
8.68/68
8.84/64
8.45 N
.03 of
March
8.73/73
8.69/69
8.70/70
03 off
321 334
May
8.75/75
8.71/71
8.73/73
.03 0
32)
321
Amer. Radiator ...... Amer, Rolling Mill... 17 Amer, Smelting ... 391 Amer. Sugar R*ing ..... 22) Amer. Tel. & Tel. 133 Amer. Tobacco "B" 76 Amer. Waterworks... "31 Anaconda Copper ... 971 Atchison. T. & S. Fe. 28
12
121..
Lockheed Aircraft Loew's Inc.
121 12
Spot
.871
8.68
.03 off
45 46
18
Lorillard
161
16
42]
McKeman & Robbins
The First Notice Day for July Cotton is June, 28 with delivery date July 5.
25
$3 pr
29
297
NEW YORK RUBBER
133
Martin, Glen L
23
231*
July
12.87/87
77}
Monsanto Chemical 83
85
September
13.03/05
9
Montgomery Ward... 341
361
December
13.18/19
12.75/70 13.30/30 12.88/88 13.47/48 13.00/12.98 13.60/64
.43 up
.44 up
.44 up
271
Nat. Bond Invest-
[
March...
13.30/30
13.75/75
:45 up
29;
» ment
121*
121
MBY......
DIS
-13.43/43
13.84/85
41 up
Atlas Corp. accione
7
7
Nat. Cash Register 171
18
Sáles for the day: 7,880 tona.
$3,40
$3.35
Auburn Motors
27
31
Nat Dairy Products
131
14
$3,30
33 33
Providents (DSW)...................
$18
#19)
Do
$174
H.E. & W. Docks.... $184
(as)
SHANGHAI MARKET
Baltimore & Ohio
51
51
Nat. Distillers ........ 195
CHICAGO WHEAT
194
#17}
Nominal.
B'more & Ohio Pid.
61
71
Nat Power & Light ụ
61
7
July
77/77+
771/77
"
SIOR Shanghai Docks B... 83.90 Now Engineerings 5.
Lands, Hotels, and
Buildings"
$108 $4
IN THE AFTERNOON
Barber & Co........
174
171
Nat Supply Corpn. 17h
177
September
18 /781
777/773
The market was quiet in the Barnsdall ou afternoon.
141
15
New York Central...
127
131
December 2
791/791
752/752 77 (77) 787/781
11 of
1
"1 off
Bethlehem Steel... 491
501
Niagara Hudson P
Tuesday's Sales:
29,405,000 bushels.
$16.00
361
$10.45
165
$18
Macao Electries
Sandakan Lights
$6.40
|6,45/50
H.K: Hotels
$3.45
1.3}
II.K. Lands..........8.
$34/
$109
Do. 1% Debentures
$101
#84
Shanghai Landa 8,
351 $8.90
1.K. Ratin
$5.30
$9
$8.90
Humphreya .........
.98
Chinese Estales.....
Catton Mill
$14.70
814) was (5.)
$75
S'bai Cottons (S.)
324
127
Zoong Sings (S.) ...
$12
$42
Wing On Textiles (8.)
Public Utilities
#17
$16.95
117
***
Tramways....
| Peak Trams (old)............''
10
***
Teak Trains (naw)...................
*3
485 123
Star Ferries
$84
Y'mati Ferrien C.R.$
$224
21.80
Do. (DOW)
1214
China Lights (old).......
$101
$104
China Lights (new)....)
$7.80
581/60
II.K. legtrics...
#501 $60
$:17
Telephonsa (old)..
$10
Telophones (new)......
24/6
Tractions
STERLING
591
22/6
$16
$4,60
36.80
$6.00
$0.70
123
$3.40
$8.10
Nanyang Tobacco
WALSORS
346 Tractions (pref.)
$14
Industrials
Cald., Macy. (Urd.) S.;
314 Caid., Macg. (Praf.) 8.
$1.70 Csaton lees
Comments
Ropes.
Consolidated
China Prov. (old)........
China Prov, {DeW).................
· Miscellaneous.
Dairy Farms
Ch. E'tainmenta
| Constructions (old)..... Constractions {new)........
$5.70 Lane Crawfords.....
$.10 Sinceres
Ch. G.5% 1925G.$Bda,
pH.K. Govt. 4% Loans
$16
3pm H.K. Gov. 31% Loans $1021
:
$1.80
$6.80 18.70
$9:10
$8.10
+i4%
$105
$60
H.K. Wing On...
a hai Wong
On
#51
Vibro Piling
#11/9
***
360
$5
BUYERS
H.K. Bank, $1450.
Briggs M'facturing Brooklyn-Manhattan
The market closed with sellers at 1/2 15/16 June August and 1/2 29/32 September-October, buyers at 1/2 31/32 Cash-August and 1/2 15/16 October, possibly September. | Brooklyn-Manhattan
U.S. DOLLARS -
Sellers at 30 7/8-June-July and 30 13/16 August-September, buyers at 30 15/16 Cash-July and 30 7/8 August-September..
SHANGHAI DOLLARS The market closed with sellers at 169, buyers at 170 1/2.
H. K. STOCK
EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
The enquiry noted yesterday continued throughout today with buyers advancing their bids. The following showed improvements in Wharves buyers' rates:----Kowloon $334 18.30 to $122, Docks (Old), to $184. New $1
shares to $179. Lands to $344. Humphreys to $9 Realties to $5.35 China Lights Old to $10.65 and Cements to $18.30, H.K. Banks were dealt in at $1457) with sellers now asking $1465. Hotels again changed hands at $6.45, Ferries at $84. Electries at $60 and Watsons at $8.20/25. Market closes steady.
Celanese Corpn...... Cerro de Pasto Chesapeake Corpn.... 314 Chesapeake & Ohio 241 Chrysler Corpn....... Columbla Gas & El. Columbia 6% "A" pf. 62 Commercial Credit.. 32 Commercial Solvents y Commonwealth & S Commonwealth & 8.
8% cum pt.. Consolidated Edison 25; Consalidated On......
Continental Can Continental Of Corn. Products Curtiss Wright (0)
Delaware & Hudson
Del. Lackawanna &
Western Deere.Co. Distillers Corpn. Sea-
grams Douglas Aircraft De Pont
Eagle Picher Lead Electric Boat Elec. Bond & Share Elec. Bond & Share
$5 pf.......
Elec. Bond & Share
36 pf.
Bocing Airplane Co. - 241 Borden Co. Borg-Warner
251
Corpn.
71
B
CHICAGO CORN
151
15)
N. America Aviation
91
July...
571/571
571/571
574/571
1 up
211
231
North America. Co.
201
201
September
581/581
581/584
581/591
up
20
21
Northern Paciic"...
8
91.
December
571/578
572/577
unch.
Pacific Gas & Elec.
271
271
Trans.
Ө
0
Pacific Lighting
381*
391
WINNIPEG WHEAT
Packard Motors ......
31
4
July
109+/109)
- 100/109
108/1081
11 off
$6 cum. pi........ Case, J.I.
Canadian Pacine
Curtiss Wright "A" 197
103
Elec. Power & Light 10
Elec. Power & Light
$7 pí.........
-
Flintkote
Freeport Bulphur
Gen. America Trans 40
Gen. Cigar ....
Copenhagen
Paris
Genera
Berlin
Athens RESE
HK
Milan
94 7/18
94 3/16
Stockholm
Shanghal
8-24.
BI
New York
1.96. 8/16
4.05 9/16
Amsterdam
8.952
895.
Vienna
142)
142 9/16
Helsingfors
2201
Bucharest
0724
Hong Kong
Bombay
Montreal
"5,001
Brussels
29.201
5.007 29.29
Yokohama
Sellers
Buenosaires
19001
19
Monte Videodan
201
Rio
aliver (Forward)
181
18 3/18
June 20.
177 15/16
Gen. Motors
21.631 12.30
Glidden Co. ............ 181 Godchaux
Class "A"...
Goodrich (BF)
Goodrich $5 pt.
Goodyear Tire & Co. 19)
Great Northern Rly, 17
Great Western Sugar 264
Greyhound Corpn.
Becker Products
Maramana lav. (Loa.)--
$8/11 Marsmans Inv. (1.K.) 70 ot.
Wm. Parwalls
170 cta.
LONDON EXCHANGE RATES
Prague......
Silver (Spot) 'War Loan
ON LONDON:-
(British Wireless Bervice)
34% 101 13/16
Closing Quotations
June 23, 1838...
Telegraphic Transfer... | 1/2"'** Bank Bills, on demand” #7/22 : Credits, 4 months wight 1/3-3/32
ON SHANOI
ÖN SINGAPORES 2-*
On demand
On demand
ON JAPAN
On demand
OF INDIA
Telegraphic Tra
On New Yox:-
June 22, 17" 16/16 21 12.
18.11/16.
18 15/16 31% 1013.
Bank Bille, on demand 201 - Credits, 60 days' sight sij
ON BATAVIAI
Bank Hilla, on demand 1,095 Credits, 4 months' right
H.K. & K. Wharves, $122. HK. Docks (Old), $18. H.K. Docks. (New), $17). Providents (Old), $3.45. Providents (New); $3.35. Verz. Goldfield. $3. H. & 8. Hotels, $8.40... HK, Lands, $344.
H.K. Lands 4% Deb. $102.
Humphreys, $9.
Realties." $5.35.
HR Tramways, $16.90.
Peak Trams (Old) $81.
China Lights (Old); $10.65.
H.K. Electrics, $59).
Macao Electrics. $18.
Cements. $16.30.
Dairy Farms, $23.
Watsons, $6.10..
Entertainments, $8.40.
Marsmans (London), 11/0
Consol. Ch. Prov. (Old), $6.90. Consol. Ch. Prov. (New), $8.70.
SELLERS
HK. Bank, $1485.
H.K. Ropes, $4.60. Watsons. $81.
BALLB
H.K. Bank, $14573. Canton Insurance, 4230. ELK. Docks (Qld), $181. Providents (New), 13.35. H. & 8. Hotels, $8.45,'- Humphreya, 30, H.K. Tramways, $11. : Star Ferries, $84. H.K. Electrics, $60. Watsons, $8.20/25.
Consol. Ch. Prov, (New), $8.70,,
(Frizer below in Phil. Currency)
Antamoks Ps., 42į
1,180
Atoks, 27
1981
Bagulo Gold. 21
61
On demand
ON PARIS:-
15C
Or Stiani-
On demand
On MANILA
On demand
Or Bang (---
400
On-demand..
Bank Baying Bate......
|-1/3-1/3)
‚18-16/18
Sovereign-Notes, Par
Benguet Consol, 10,00
Coco Grove, 45
Consolidated Mines, .003
Demonstratiotin, 27}
Paracale Gumaus‚”‚13) San Mauricio, 44
Buyor Consol., 17'''
Gen. Electric
Gen. Foods
Gen. Railway Signal 17
AUSTRIAN LOAN DISCUSSIONS
London, June 23. ..
241' 244* 1%
$ ex. dtv.
SINGAPORE. STOCK QUOTATIONS
The following quotations of 12 Singapore stocks have A German Economic Delegation leading has opened discussions with Bri-been received by Messrs. Ellis and tish Treasury, officials regarding Edgar from Messrs. J. M. Bassoon
& Co., Singapore.
the Austrian fans.
It is understood, that the Ger- man Government may express its readiness
to continue service of Joan payments as long as the Bri- tish Government recognises that such payments are not obligatory.
-(Reuter).
REICHSMARK QUOTATIONS
Berlin June 23
The Reichsmark, was
quoted, without guarantee, at:
New York 40.32′
Paris, 1416.50;
Amsterdam:: 72.80 to 72.85.
London, 12.2978.
Singapore June 20. MIDDLE PRICE
Rubber Shares · Amalgamated Malay Estates Limited, $1.40; Kempas Limited, $1.60; Kuala Bidim Rubber Co., Ltd.. $2.35; Pajam Limited, $1.621 c.d.. 5 per cent.; Bungel Bagan Rubber Co., Ltd., $1.35 and Tapah Rubber Estates Limited, $1.55.
Tin Shares
Petaling Tin Limited, $7.40 and Buhgel Luas Tin Dredging Ltd. $1.48.
Industrials Straits Trading Co., Ltd.. $25.75; United Engineer Ltd. (Ordinary), $7.70 and Weare Brothers Limit ed, $3.00.
6-1/2 0-9/16 ...
6-5/10 B-3/8 up 1/15 6-7/16 6-9/16 unch. 6-1/2 8-5/8
After ruling irregular, the market cloned steady.
NEW YORK COTTON
Prices opened downward on lower foreign advices, but the market remained steady, despite profit-taking and foreign selling and later rallied sharply on the strength of the stock market and good reports from the textile trade. Towards the end of the session, there was £ further small decline on realising. but prices again steadied at the close.
NEW YORK RUBBER
After early casiness on disappointing cables from abroad, there was a sharp rally on the better tone of the securities market, higher freight costs and a scarcity of primary offerings. Speculators came to cover and there was renewed commission-house demand and aggressive factory buying.
CHICAGO WHEAT
Hedge-pressure against the new crop, needed showers in the Spring wheat areas and Russian offerings caused a steady decline. In mid-session, prices rallled partially on covering and on indications of foreign enquiry, but the market turned dull in the afternoon and prices again declined, with traders awaiting developments.
PHILIPPINE MINING NEWS
NORTH MINDANAO Mining |Dany recovered P15,470 from 19,714 Company, Inc. is working out plans cubic yards treated during May to increase its monthly output. The May production registered a Captain Domingo E. Léonor, gen- slight decrease over the April out į erai manager, left, recently for put.
Cansuran, Surigao, to make a BURIGAO CONSOLIDATED Min- general inspection of the developing Company, Inc. announces that ment and operation of the mines. the services of Russell R. Bryan of Captain Leonor will study plans Bryan, Wisser and Payne, have Mining Co., Ltd, for increasing the company's pro- (been retained as mill consultant duction to be submitted to the for the corporation. Otto P. We- (The above quotations are in board of directors upon his return. ber, president, said that Mr. Bryan
· North ̈ ̈·Mindánao Mining Com has proceeded to Surigao, Stralis Dollars)
Paris Sterling, 177.94 to 178.
Raub Aus. Paris U.S. Dollar, 35.9125 to 35. | $5.00, "
.: 8226
nsocean)
Gold
Sugar
888*858 * * ... *. 5.9€êpặt H-8URCARESE,JE
26
Paramount Pictures
8
91
October
87/ 874
-871/88
861/ 561
i off
73
Paramount 1st.. pf.. 781 -
80
December
843/ 841
837/ 84
Z off
6
Pennsylvania R.R....
161 171
NEW YORK
44.
Phillips Fetroleum
351
37
40
Public Service of N.J.
STRAITS TIN
281
291
-331
Pure Off
101
101
September
42.206/42.35a. 42.10/15
42.40 N
New York
253
Radio Corpn. of Am.
.8
81
481
Republic Steel .......
15
"15%
Silver, Official
42-3/4
42-3/4
NY.-London
84
Reynold Tobac. "B"
397
39+
Cross Rate
4.95-3/8
4.95-9/16
631
Schenley............
151
16t
33.
Schenley 5 pf...
63
65
B
Sears Roebuck .....
601
613
11
Shell Union Oil
141
141
Socony-Vacuum Ol
141
144
42
Southern Cal Edison.
22
221
28
Southern Pac:Ac .... 12
13
*
Southern Rly (com)
71
&
43
Southern Riy $5 pfd.
121
13
30
Standard Brands ....
72
71
SINGAPORE RUBBER
673
Stand" Gas & Elec.
"37"
42
Stand Gas & Elec.
192
$7 pt.
20
211
SPOT
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
JUNE 21ST. JUNE 22ND. buyers sellers
buyers' sellers change
21 214 up t
91
10
Standard Oil of NJ.
50
JULY-SEPTEMBER
Sterling Products ...
65
661
OCTOBER-DECEMBER
201 201
201311
21] · 211
211 211
up i
221
221
up !
51
Studebaker Corpn.
43
5
18
Swift International 15)
252
Technicolor
231
231
13
Texas Corpo.....
401
403
451
Texas Gulf Sulphur
311
32
107
Tidewater Assoc. O11
131
133
101
Transamerica (new)
94
94
20th Cent. Fox. Films 22)
227
81
do." Films pt.....
30
.. 30
Union Carbide &
40 *
Carton...
89
721
Union Paciác
87
68
St
United Aircraft
283
27
109
United Airlines Trans 8t
United Corpn.
22
401
United Corpn. 33
181
cum. pt...
271
281
28
United Gas Corpn.
33
4
421
En. Gas I'provem't
91
10
24
Un. Light & power
21
25
371
304
31
U.S. 'm'trial Alcohol U.S. Rubber
187
181
Acting upon steady advices received from London and New York the market opened of a cent higher for all deliveries as com pared with Tuesday's closing quotations.
it
Bhortly after the opening the market displayed a very steady un- dertone."-Fair demand from London and New York was in evidence whilst both dealers and speculators 'entered into fresh engagements on a larger scale.
Later in the session, however, the market encountered easiness "due to rather heavy liquidation, particularly of July-September posi
tions. Prices gradually declined by i cent.
During the last trading hour, however, the market. became steadier and recovered cent on some fair buying, closing with a steady undertone.
During the session the following Malayan Rubber Statistics were released:
Total Malyan Dealers and Estates'
Stocks at end of month Estirnated Production on Malayan Estates 29,481 which, although bearish, did not affect the market.
May 1938
April 1938 79,827 * 78,433 tons
27,513
293 304
321 331
U.S. Rubber pl.
87%
691
18]
US. Smelting.........
60
85
101
U.S. Steel
461
48
Vanadium
161
162
8 POT
Warner Bros. Piet.
5
51
OCT.-DEC.
LONDON RUBBER ·
Previous close
Today's close
buyers sellers
buyers sellers
6-1/4 6-3/18 6-7/16 6-1/2
change
131
141
Westinghouse
Elec.
807
834
JAN.-MARCH
364
38
Woodward Iron Cor.
141
141
20
Youngstown
Sheet
+
173.
& Tube
34
36
27
10 7
Chase National Ek National City Bank Calf Money
2911
292
1%
• bid.