$6.BU
$34)
31:3
$5 96 39.30
Cotton Mills
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
.$1,800
HI. Banks
Sharebrokers'
Association
$1,490
ellers
b
¡Nominal:
WEDNESDAY,
JULY 13.
Buyers
Boller
Nominal
Banks
Do. (London)
£12
Chartered Banka ..........
£13
£38
Mercantile Bks. "A"
E13
Mercantile Bk. "C"!
$90
Bank of East Asia ...
£131 $98
IN. C. & §. Banks.......
$240
¡Canton Insursocos.
#235 $500.
Union Insurnaces
32.
$9 8220
$75
$20
851
$1/10
16/0
$9.86
Insurances
Undorwriter
120 HK. Fires
Shipping
194
91/10
·Donglama.......
-----
15/6
Kailan Rats
18
23.
70.60
$127 13 45 $35
$85
8 ata.
11+
$14 Summbosts
160 Indo-Chinse (Praf.}....
$21
$90)
Indo-Chinas (Dol.).....
Shell
Waterbosta.
Mining
Venezuela Gold Fida. Hong Kong Minc....... Docks, WharTOS, ..
Godawns, etc.
II.K. & K. Wharves... Providenta (old).........
Providents (new).................... H.K. & W. Dock....
(new). Du..
$116 Shaughn Dockr 8. $3.90 New Engineerings 8.
Lands, Hotels, and Bulidings
H.K. Hotels n HK: Lands......... Da. 4% Debentures
$8.4 Shanghai Lands S. H.K. Boaltios
$8.30 Humphreys ......................
10 Chinese Estates
$3
ร.ร $34 #101
$3 35
$36
::
16:3
$128 $3.40 $3.35
$20.30 117
14
FINANCE
WAR'S EFFECTS NEW YORK STOCK EXCHANGE
ON TRADE
Deutsch-Asiatische Bank's Report
Berlin. July 13.
The profound effect of the wark un imports and exports in China ire described in the report of the Deutsch-Astatische Bank in Shang- hal, which states that the out- break of the conflict occurred at a time when economic constructive activity was beginning and brought every form of business activity al- most to a standstill.
The arrival from the hinterland goods destined for export was almost suspended. Consequently. the purchase of imported goods was sluggish. particularly
of potential Large percentage buyers had Eed to the interior of the country
Owing to storage charges and supplementary shipping costs in the case of goods that had to be landed in emergency, goods had become dearer.
ነገ
TRADE INCREASED In the report it is stated that Import bills in part had to be pro- longed by the banks so that in most cases marketing of Imported goods could hardly have taken place without loss. Despite all this, however, and in view of the Brst favourable situation in the half year the total trade bad in- creased by about 9 per cent. It is moreover favourable that despite Imports of about 236 million yuan in 1938 the excess of imports over exports
about 115 million
yuan.
SEX
1938
(Through Bouter's Sarvion)
QUOTATIONS
July 13, 1988.
High Low Dow Jones Averages, July 1. Higu Low Ulgae Chang 12833 98.95 so Industrials
13831 13284 137.49 $2.77 19.00 20 Bails
17,57 28.28 27.09 92.710.14 30
Utilities
21.88 1:1 $1.69
9*.70 83.39 40 Bands
134.56
2881
21.23
38,48
64.88 4203 11 Commodity Index” 49.89
Adams Express
Case. J.I,
لالات
401
2.93 up
71 up
8.68
60,07
45 op 10"ap 1.09 UN
"Business Done:-1,620,000 shares,
STOCKS
Last Sale
STOCKA
Last Bale
July 11 12 103
July 11 12
THURSDAY, JULY 14, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH · REUTER'S SERVICE)
111
Loew's Inc.
501
614
as 1
Alleghany Steel Co. 18) Allis Chalmers Amek. Can ou Amer. & For. Power
401
18 48
Martin, Glen L.....
25+ 251
하
New York, July 12.
McKesson & Rob
96
991
41
41
Amer. & For. $7 pt. Amer. Locomotive ...
22
22
bina, $3 pi..................... Monsanto Chemical 92 924
42 Montgomery Ward...
314 321
New York Cotton,
14A
New York Rubber
October Sept.
20.
202
Nat. Dairy Products 154
151
Chicago Wheat
Sept.
Amer. Metals ..... 35- Amer. Radiator ...... 15
.'191" Amer, Rolling Mill Amer. Smelting...... Amer, Tel. & Tel
354
Nal. Distillers
221
224
Chicago Corn
"Sept.
Prov. Today's High Low Close Close Change 8.34 8.66 8.71 8:79 .08 up 15.20 14.00 14.80 15.29 75 717 721 742 62Ł 592
קט 39.
21 up
591 617 21 ap
Winnipeg Wheat
October
15
Nat Power & Light
71
813 781 791 811 2
up
74
TH
201
Nat Supply Corpn. 18
1st
47A
140
Amer. Tobacco "B"
79
481 141 80
New York Central....
174
187
} N., America Aviation -
107
North
America Co. 211
225
NEW YORK COTTON"
Amer Waterworks .. 114 Anaconda Copper
113
· 341
Northern Pacific - ... `16 Pacific Gas & Elec 281
114
23
Close.. Opening Closing
Change
Atchison. T. & S. Ft.
ut
371
Pacing Lighting
July
Gut
8.74/74.
8.69/69
8.79/79
.05 up.
Baltimore & Ou Barnsdal 01 Bethlehem Steel Boeing Airplane. Co. 30 Brooklyn-Mannl
$8 cum. pr.
9
Packard Motuta
5
58
October
8.71/71
8.66/67
8.79/79
.as up"
181;
18
Paramount Pictures 102
11#
December
8.78/80
8,75/76
8.87/87
.09 up
57
*594
Pennsylvania R.R.
201
21
January (1939)
... 8.73/80
8.77/77
887 N
.09 up
30
Phillips Petroleum
40% 421
March
8.85/85
8.81/80
8.93 N
כב 96,
Public Service of N.J,
303
31
May
"}
8.87/88
8.85/84
8.96/06
.09 up
321.
3+
Pure Of .....
12
12*
Spot
... 8.79.
8.84
.05 up
32 943!!
Radio Corpn. of Am.
7
74
The First, Notice Day for July Cotton la June, 23 with delivery
B1
Ewes (S.)
$15.10 87B1
$82
B'ani Cottons (8.) ...........
*24
$27
Zoong Sings (9.).................
$12
| 342
Wing On Textiles (8.)
Public Utilities
#174
$17.45
Pi
$79
1241
$.31
$10,00
$8 $601
80/8
21/6
$14
$16.60
Tramways.............................. Peak Trams (old)...... Pesk-Trans (BBW)...... Star Ferries Y'mati Ferries C.R$
Do.
(DOW)
China Lights (old)..... Chias Lights (now)........... H.K. Electrica.
$18,10 Mscan Electrics
691
Sandakan Lights
$360 Telephones: (old)..
Telephones (new)..............
24/Tractions -..................
Tractions (pref.}.....................
314
Industrials
|Cald., Macg. (Ord.) B.
Cald., Hacg. (Prať.) B. )
$1.70Cantor Icas .............
Camenta
$460.Ropes.....
Consolidated
| China Prov. (old)..............
†Chios Prov. {n#W}\+++++ Miscellaneous
Germany's share in the China trade amounted to 15.31 percent in imports as against 15.91 percent in 1936, and 8.64 percent in exports as against. 5.54 percent in 1936.
CUSTOMS RECEIPTS
Chesapeake & On Chrysler Corpn. Columbia Gas & El. Columbia 8% "A" pl. 861 Commercial Credit", 403 Consolidated Edison` 28 Consolidated Oil" 10 Corn. Products ...... Curtiss Wright (C) Curtiss Wright "A"
293
304
Republic Steel
181
192
date July 5.
•
"
631
57
Schenley
10
194
71
71
Schenley. 61% pid...
73
74
NEW YORK RUBBER
SB
Sears Roebuck
651
69
July
14.73, N
15.10 N
37 up
421
Shell Union Oll
151
167
September
14.80/81
281
Socony-Vacuum of
15
15
December
14.93/95
14.60/60 14.77/75
15.19/19
.39 up
15.30/30
,37 up
101
Southern Pacific
16 101
March
663
67
Southern Rly $5 pfd.
.171
∙171
May
15.00/02 14.77/77. 15.05b/10a
15,35/36 15.40b/48a
35 up
54,
51
Standard Brands
8"
&
221
221
Standard Oil of
547
55
Sales for the day:
3,470 tons.
.38 up.
.5
Douglas Aircraft 51)
521
Swift Internationa: 271
28
Du Punt
1102
123
Technicolor .......
22
221
CHICAGO WHEAT
言
511
578
Customs receipts, says the report, declined Inappreciably. namely
9242.
#231
#11
+
$8
#091
from 218 to 213 million yuan. despite the fact that the main centres of production are now oc- cupled by the Japanese.
Elec. Bond & Share Elec: Bond & Share
$6 pf.
81
9
Texas Gulf Sulphur 331
331
July
711/71)
20th Cent. Fox. Films 244 242
552
551
do. Films pf....
341.
341"
September December
721/72)
741/743
721/721 741/741 771/762
731/731 21 up 747/744
24 up
21 up
Elec. Power & Light
Union Carbide. &
$7 pt......
101
421
Carbon
78
801
Monday's Sales:
20,157,000 bushels,
Gen. America Trans Gen. Electric
-464
Union Pacife
78
ве
896)
$9.40
Gen. MotorB... Cen. Raflway Signal Glidden Co.
24/6
Goodmen (F.) Goodrich 35 p
Goodyear Tue & Co.
14.
Great Northern Riv. 197 Great Western Sugar 27
MARKET
$6,90
$6,90
$6,70
30 70
Japan's
24.50
Dairy Farmur s
$2+1
$6,80 Ch. É'tainments
$8.00
Criticised
01)
Constructions fold)..............
2141
·Constructions (new)....
$8,70 Lano Crawfordà.........
$8
Nanyang Tobeco0..--
19. Smeres
$6.65 $4.30
Watsons
734
Ch.3.5% 1925G.$Bds.
... BLADE
[H.K, Govt 4% Loans
$0.35 724X $100
3°
H.K. Govt. 34% Logos $102)
H.K. Wing O...............
155
150
.86)
35
$3/11
34
$16.40
342
Hecker Products
Int. Nickel ......
Int. Tel. & Tel..... 91
Kennecott Copper 381
Bbal Wing O
Vibro Piling......................
$13/Maramane Inv. (Lon.)
Maramanı Inv. (H.K.) Win. Powsila
70 cta
LONDON EXCHANGE RATES
Paris
Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm
Shanghai
Amsterdam
New York
Vieżna
Prague
Helsingfor
Bucharest
(British Wireless Service)
July 9
178-29/32
21,802 12,281
July 12 178 23/32 21.56. 12.281.
93-7/16
937
2-13/16d 4.94-1/16
4.921
8.951
8.952
1421
226
6724
Is 5-29/32d
4.971
Brussel,
29.19)
4.961 29.122
Ypkghaga, emijasida
Sellers
Buenos Aire3 brancaismas
18.98
Monte Video
20;
Silver (Forward)
19-3/16.
Hong Kong
Bombay
Montreal
-Suver (Spot)
War Loan
19-5/18
31% 1031.
Closing Quotations
July 13, 1938.
UN LONDON:-
Telegraphic Tranilor...
+-1/
Bank Billa, on demand for Credits, e inouths" sigħil (93)
ON SHANGHAI ---
On demand
ON SINGAPORE :-
On demand
436 JAPAN
On demand.
OF INDIA
ON NEW YORK:-
19-3/16. 193
31% 103.
Bouk Billi, on demand:201 Credits, 60 days" zight 21'-
ON BATAVIA:-
On demand ОБРАНІ
500
Hank Bills, on demand, 1,095 Credita, 4 months' sight 1,180 | ON. BALDON:-
1: Ón demand
ON MANILA
. On demand
ON BANGKOK:
106)
On demand
Sovereiga Notes
Bar Silver, per on
Telegraphie Transfer... 183
Bank, on demand
Bau-Buying Bata.....
What development Chinese cur- tency will take in the future can- not yet be foreseen. It is. however: to be expected that economic life will suffer greater and greater in- tury and losses. (Transocean),
THE CHINA
Methods.bbey-Owens- Ford
The position of British shipping, which is being run off the seas by countries like Germany and Italy, who seem able to pay enormous sums to run their ships at un- economic rates," was discussed in Glasgow recently by Sir Malcobu A. Robertson, former British Am- bassador to Argentina, when he spoke at the annual meeting of the Incorporated Sales Managers' As- sociation at the Empire Exhibition. Sir Malcolm said, that British shipping was not making any headway. It was in fact receding. nd that to a large extent was due to foreign competition and foreign subsidies, which were a very seri- ous and growing menace to fair
Ee trade throughout the world. Tondered whether the nation had riven full weight to that menacing background in international life.
We tried to run our ships on a ommercial and economie basis. The Germans - and. Italians and me others looked upon the build- ng up of a great mercantile narine" as a national interest and
ubsidised it accordingly.
Од
BASIS OF EQUALITY
A basis of equality. Britain could compete with any nation in 'he world on the seas, but it was impossible to compete against 3tate subsidies on a large scale. An important market which to s very large extent had been closed to Britain was China, where Japan' was widening her military efforts. Japan had assured us, dald Bl Malcolm, that she would always keep an open door, but we had had experience of that open door in Manchuria-It was a very wide open door, bat was an et for. British trade. Eritain was, there fore, in the process of losing oné of the most important markets for our goods, notably cotton "goods, and Manchester was also suffering from Japanese competition through cheapress of labour
—
\REICHSMARK QUOTATIONS
Berili; Joly 13, The Reichsmark was quoted without guarantee at
198
New York, 40.20.
Parla, 14.56.
811
Amsterdam. 72.975.:
London 12.201
1498
1/2-1/8 101
Paris Sterling. 178.60 to 178.70 Paris US Dollar, 36.21, to 36.22,
(Transocean1,
Glass
......394 Lockheed Aircraft - 131
H. K. STOCK. EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
INDUSTRY: DICTATORS
̈COMMODITY MARKET REVIEW
Unlimited power to regulate any industry in Ceylon in any desired form, is to be given to the Gover- nor and the Minister of Labour, Industry and Commerce in the Industrial Efficiency Bill, the draft S POT
The market continued firm with of which is now ready. Sellers scarce.
BUYERS HK. Bank, $1500.
H.K. Bank (Lon), £90. Union Waterboats, $9. HK. & K. Wharves, $127. Providents (Old), $3.45, "Providents (New), '$3.35.,
Raubs, $9.65.
Venz. Golddeld. $3.
H. & 8. Hotels, $6.55. EK: Lands, $341.
EK. Lands 4% Deb., $104. RK. Realties. $8.
HK. Tramways, $17.45. Peak Trains (Old). $. Star Ferries, $78.
Yaumati Ferries, $244," Yaumati Ferries, (New). $231.. China Lights (Old), $10.90. China Lights (New), $8. HK. Electrics, $801. Telephones (New), $91. Cement. $18.60. Dairy Farms. $24.60, -- Watsons, $8.85..
Consol, China" Proy. (Old), $6.99. Consol. China Prov. (New), $6.70.
Douglases, $85. Watsons, $6.80,
SALES
Union Insurance, $502). Providents (Old), $31. Providents (New), $3.35, H.K. Mines, 8 cts.
HK. Lands, $35. •
H.K. Electrics, $60/601.
(Prices below In Phil. Currency)
Antamoks P8., 20
Atoka. 261 Baguio Gold, 21 Coco Grove, 44
Demonstrations. 27 IXL 66#/ San Mauricio, 43
.
(FROM PAYNE & CO.)
OCTOBER-DECEMBER
SINGAPORE RUBBER
July 11
July 12" buyers sellers buyers sellers change
24725
251 201
264 281
201 244 off t
251.251
254 251
• of 1 an a
The Bill, it is understood, has JANUARY-MARCH' no precedent in any part of the In sympathy with easter conditions prevailing in London and world and is intended to revolu- New York the market opened 1/2 of a cent lower for all deliveries as Monise legislation on industries.
As the name implies it is cal-
culated to effect greater eficiency on all industries in Ceylon.
compared with Monday's closing rates.
steady undertone. Although demand for actual Rubber was fair. *During the morning session the market ruled with a quietly
dealers as well as speculators preferred to maintain side-line pori- tions" awaiting further developments. Only a moderate volume of business was transacted at quoted rates
TREASURY RETURNS
London, July 13. Early in the afternoon conditions became alightly steadier on Treasury returns show that total some enquiry, mostly for speculative accounts," prices" advancing by ordinary revenue to date is £150, 1/8 cent for all deliveries. 363,456, against £159,037,727 at a
During the last trading hour, however, the market again turned corresponding date last
year easier; closing 1/4 cent lower with a dull undertone. Customs and excise account "for £87,669,000 of the present year's total.
Total ordinary expenditure to date
£207.674,183, amounts to against £239,849.779 this time last 8 POT
OCT.-DEC. year.-(British Wireless).
JAN.-MARCH
CZECHS GOING AFTER
U.S. TRADE
Washington, July 13,
A Czechoslovak Export Institute
LONDON RUBBER
Previous close Today's close buyers sellers
buyers
sellers change
7-1/4/6/1/18 7-3/8 of 1/18
7-5/16
7-7/16 off 1/18
7-3/16 7-1/4 7-1/8- 7-5/18 7-7716 7-1/4 1-3/8 ·Z-1/2⋅
After tending to be a shade easier, the market steadied on Con- tinental inquiry and in sympathy with"the"American market.
NEW YORK COTTON
Lower Liverpool advices and favourable weather reports caused is being opened in Chicago for the a lower opening and prices further declined on foreign selling or purpose of making an effort to ders and local liquidation. Offerings, however, were well taken and capture the dwindling Japanese the market latar yallied on the advance in stocks together with local trade in the United States.-(Reu- covering and buying by New Orleans interests.
ter).
NEW YORK RUBBER
The market opened downward on Jower Londons and Malayan advices together with reports of London" quidation and selling od that market attributed to foreign account. Later in the day, the market strengthened on the better feeling on Wall Street, short- covering by the Trade and commission-house demand.
CHICAGO WHEAT
NO EARLY „TRADE PACT
London, July 13, Contrary to persistent reports which state that conclusion of the Anglo-American trade pact is im- minent, It is stated here, semi- officially, that there is little like- Reports suggesting, extensive rust damage, the strength of the Whood of an agreement being con- corn market and the improvement on the Stock Exchange all com- luded before Parliament adjourns bined to impart Armness. Reports of damage to the Itusalan crop on July 29, and that negotiations and a good cash demand also aided sentimedt." It now eventuates are likely to continue throughout that the Government report has actually had little effect on the the summar-{Transoceán),"\ market.
+6
CHICAGO CORN
401
41
United Aircraft
281
287
$71
39+
United Airlines Trans -10)
10
19)* 221 .23
คบ
United Corpn.
31 31
United Corpn. 31
"
July September December
58/58
601/801
מט " 24
17. 173
cum. pf.
30+ 30
48 223
47
Un. Gas I'provem't. 107
237
TA Rubber
36
103 381
592/591 597/592 583/59 591/50
WINNIPEG WHEAT
.817/62
611/617
ម ៥. ម
21
U.S. Rubber pf. ...... 751
July
1011/101
103/1031
zł up
274
U.S. Steel
557
· 59 ·
October
791/791
781/79
811/811
up
71
Vanadium
171
19
December
771/77*
771/761
794/791
קס
481
494
Warner Bros. Pict..... 61
69
101
Westinghouse Elec. 97%
100
401
N
417 137
Woodward Iron Cor. 165 Chase National Bk. 331* National City Bank 254*
177
3+1*
September
NEW YORK STRAITS TIN
42.95 Nom. 42.10b/75a
26*
NY Silver, Offcial
42-3/4
Call Money
Int
1%
NY/L'don Cross Rate... 4.92-3/4
42,85 N.
42-3/4 4.92-3/4
1. ex. div
bid...