Buyer
"ellon
Sales Nominat
SATURDAY,
Buyors
Sallan
Nominal
JULY 1.
Braky *..
Do.. (London)
*12
Lau
Marcanti Bka. “A”
£13
Marcantile Bk. ****
£13
188
Bank of East' Ania .....
+
N. C. & B. Banks.....
***
$2
Insurances
¥240
1915
Canton Insurances...................
$50
Union Insurances....
$500
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange.
$1,500 H.K. Banky
Chartered Banks
Sharebrokers'
Association
TH
$1,600
083
£25
H. K.
STOCK EXCHANGE
SATURDAY'S
OFFICIAL QUOTATIONS
The market was steady during the short session with buyers again in evidence. Sales were re- ported in Hotels at $6.55. Cements at $18 Trams at $17.65 317.70. and China Lights (Old) $11.
BUYERS
H.K. Bank, 29. Union Waterboats, $8. Providents (Old), $3.40
FINANCE
NEW YORK
STOCK
EXCHANGE·
1938
(Through Kontar's Sarvice)
QUOTATIONS
High Low Dow Jones Averagos. 138.63 $5.95 30 Industrials.
32.77 19.00 90 Rails 29.97 15.14 50
Utilitem 12.70.83.39 40 Bands
54.92 45.03 11 Commodity ladox. 49.8$
July 17, 1838. High Low Close Chang
*
July 18
137.32
130.14 137.69 138.58
1.13 up
27.13
17.29 97.1 27.18
21.35
21.60 1.24 21.30
$8.97
89,00 unquoted
.co ap 24 up ...C9 up
Business Duno-$30,000 shares.
STOCKS
Last Sule
-STOCKS
Last Sale
July 15 16
July 15 16
MONDAY, JULY 18, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
J2/
39
Underwriters concavisama
HH
$210
H.K. Firma commiss Shipping
$140
Providents (New), $3.25. Raubs, $91.
Adams Express
111
117
Loew's Inc. .......
52+
531
New York, July 16.
Prev. Today's
Alleghany Steel Co. 18
18
Martin, Glen .....
251
251
2
High Low
Close Close Change
Venz. Goldfield, $3.
Allis Chalmers
49
481
McKesson
* Rob-
578
$80
Donglaso
New York Cotton
... October
8.61 8.55
8.64 8.59 .05 off
380
H. and S. Hotels. 56.
Amer. Car
994
992
bins, $3 pl. ..
334
34
$21
Steamboats .......................................
New York Rubber
Sept.
15.08
Llosed
$80
Indo-Chinas Prof.)....
351
H.K. Lands. $342.
Amer.For. Power 42
+1
Monsanto Chemical 90
39
124
Indo-Chinas (Del.)........
$24
19
10/
i
81/10 Shalls..........
Waterboat.....
Mining
Kailans ..... Raubs......
Venezaula Gold Flda.
8 ets. Hong Kong Mines......
Docks, WhaIVOS,
Godowns, etc.
01/10
10/6
$9.65
22:
#3
H.K. Land's 4 Deb.. $104. H.K. Tramways, $17, Peak Trams (Old), $6). China Lights (Old), $10,90 China Lights (New), $8. H.K. Electrics, 360). Telephones (Old), $26.35. Telephones (New), $9.00. Cements, $161.
Amer. & For. $1 pf. 217
[2}}
Montgomery Ward...
Chicago Wheat
Sept.
714
69+
701
69 14 of
441
44.
Amer. Locomotive... 201 " amer. Metals
203
Nat Dairy Products 15
15
Chicago Corn
Sept.
Bil
591
601
597 it off
351 351
Nat. Distillers
22
221
Winnipeg Wheat
October
773! · 782
7715
753
- # off.
Amer. Radiator.... Amer. Rolling Mill,
157 151
Nat. Power & Light
7)
71
201
201
Nat. Supply Corpn. 191.
194
Amer. Smelting
487
481
New York Central...
18
131
NEW YORK COTTON
Amer. Tel, & Tel....
1417
1417
N. America Aviation 18)
10
Amer. Tobacco "B" 793
Amer. Waterworks ...
11
793 11
North America Co. 217 No:thern Pacific
224
Close
Opening Closing
Change
410
114
111
July
BÜNA
$342 $100
$3.4
$3.25
821
#194
$116 Shanghai Dooks S 13.00 New Engineeringe 8.
Lands, Hotels, and BulidingsTM
H.K. Hotels
H.K. and....................8.
Do.
$8.40 Shanghai Lands S.
$127
H.K. & K. Wharves.......
Providents (eld).........................
Providents (DoW)............... H.K. & W. Docks....
Do
$3.36
k
121
$21
£127
$3.40
Dairy Farms, $243.
Anaconda Copper ...
34
341
Pacific Gas & Elec 281
23
% Debentures
H.K. Redition
18.45 $8.55 $343
$103
$3
$9.30
$201
1176
Watsons. $6.70.
Entertainments. $6.35.
Constructions. $1.60.
Vibro Filing, $5.10.
H.K. Govt. 31. 1% pm. ex int. Consol. Ch. Prov. (Old), $8.80. Consol. Ch. Prov. (New), $6.50.
SELLERS
Douglases, $80.
HK... Docks (Old); $21. H.K. Realties, $8.
Atchison, T. & B. Fe.
361
37
Pacific Lighting ......
401
40%
Baltimore & Ohio ...
91
91
Packard Motors ....
5
51
October December January
8.64/64
8.55/55
8.59/59
.05 off
B.72/72
8.63/63
3.68/68
.04 of
Barnsdall Oll...... Bethlehem Steel ..... Boeing Airplane Co. 281
201
201
Paramount Pictures 112
-121
Match
58)
591
Pennsylvania R.R..
201
21
May
..(1939)
[ (")
..: 8.73/73
-8,83/83
8.69 N
.05 0
8.77/77
8.88/69
8.73 N
.04 off
8.80/80
8.73/73
8.76/76..
.04 of
281
Phillips Petroleum. 427
43..
Spot.....
8.59
8.64
.05. of
Brooklyn-Manhattan
Public Service of N.J.
309
31
NEW YORK RUBBER
$a cum. pf. Case. JI
33 *
331
Pure Of
121
121
93
931
Radio Corpn. of Am.
7
September
15.08/10
Chesapeake & Ohio 301 Chrysler Corph.......
30)
Republic 'Steel
104
19
December
15.25/25
CLOSED
861
671
Schenley
101
191
March
15.34/34
$4.35 Humphreya ...............
::
1100 Chinese Estat
China Lights (Old), $11.10. Marsmans (HK), 3/6
Columbla Gas & E. Columbia 6% “A pt. 69)
77
8.
Schenley, 51% pa...
75 *
75
May
15.04/04
891
Scars Roebuck
681
681
Commercial Credit.. 43"
,.44
Shell Union Oil
101
171
Cotton Mil
15.30
SALES
Consolidated Edison 284
281
Socony-Vacuum Ol
15
151
July
CHICAGO WHEAT
701/701
691/69
it of
$16.40 Ewos (5.)
8764
182
S'ha: Cottone (S.).....
$24
$27.
Zoong Sings (8.).....
H.K. Docks (Old). $194. H. and S. Hotels. $6.55.-
Consolidated Oil
104
101
Southern Pacific
161
-104
September
707/701 711/714
097/601
it off
Corn. Products
6G3
661
Southern Rly $5 pid.
17/
..18
December
72\/721
73/733
713/713
$22
$42
Wing On Textiles (8.)
Public Utilities
#171 $17.60
$17 Mit
Tramways....
Peak Trams fold)......
r
#34
Fesk Trams (new).......
$79
Star
Star Ferriss
124
'mati Ferries C.E.$
126
$234
Do (new)
$24
$10.990 | #11,10 $11
China Lights (old)......$10.90 #11
$11
38
$40+
811 $601
China Lights (now).
58
$8.
China Lights (Old), $11. HK. Electrics. $504.
Telephones (Old), $26.35. Cements, $163.
Marsmans (Lon.). 13/0.
Antamoks Ps... 38
"Atoks, .261
Curtiss Wright (C)
EL
5%
Standard Brands' ....
**
81
Curtiss Wright "A"
223
23
Standard Ol of N.J. 55
55
Friday's Sales:-
31.457.000 bushels.
Douglas Aircraft
503
513
Du Pont...
121
124
Swift International 274 Technicolor
277
CHICAGO CORN
221
23
Elec. Bond & Share
81
B
Texas Gulf Sulphur 34"
34
July
591/59+
581/581
li of
(Prices below in Phil. Currency)
Elec. Bond & Share
20th Cent. Fox. Films 251
25
September
607/61
611/611
692/591
11 off
$8 pf.
57
571
do.
Flims.pf....
354*
35 *
December
601/601
601/601
594/59
11 off
Elec. Power & Light
ཐཱ་
Union Carbide
&
WINNIPEG WHEAT
$7 pí.
414
423
Carbon
TP
80
H.K. Electrics...
601
Bagulo Gold. .21
Gen. America Trans,
461
461
Union Pacific
811
30
July
08/08
972/971
1 of
$18,10 Macao Electrics .......
Benguet Consol, 10.00
Gen. Electric
414
411
United Afrcraft
281
284
October
771/771
Sandakan Lights
Coco Grove, 421
12
$46:35 $1.61
$26.38
Telephones (old)..
$281
$26.35
Gen. MotorS
Teleplures (new)............
891
Gen. Railway Signal
24/- Tractions
24.6
Glidden Co.
93/6
Tractions (pref.)
Goodrich (BF.)
Industrials
Goodrich $5 pi.......
$14
Cald., Macg. (Ord.) 8.
Goodyear Tire & Co. 241.
$14
Caid., Macg. (Pont.) 8. 1
...
Great Northern Rly.
$1,70
Cotton" Icem
$1.80
Great Western Sugar 284
$18.65
116
#161
813
86,50
::
$242
$6.35
$1.50
15.70
1plex inv
$5.10
Cemania
#4.80 Ropes an
Consolidated
China Prov. (old)..............
China Prov. (new).
Dairy Farmas
ch. E'tainments.........
Constructions (old).....
Constructions (new).......... 18.70 Lane Crawfords........
Nanyang Tobacco
$2.20 Bincares antenna
Watso Ch.G.5% 1925G.$Bds. 6pm H.K. Govt, 4% Loans
ex. int. 71%
H.K. Gort 31% Loans $102) H.K. Wing On
Hecker Products
Int. 'Nickel
Miscellaneous
|324.90
$25
$8.60 $1.4)
Int. Tel. Tel...... 101 Kennecott Copper... Libbey Owens- Ford
Glasa Lockheed Aircraft ...
12/0
3/6
++
18
1.02
350
| S'hal Wing On .....
Vibro Piling
Marsmans Inv. (Lon.)
Maramana Inv. (H.K.)
*Sales to Shanghai
70 cta Wn, Powells
IX.L.. .85
San Mauricio, 44
Suyoc Consol.. 154
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
The price for Ready Silver rose 1/16 yesterday to 19 3/8, but the Forward rate was unchanged. the quotations being 19 3/8. Silver advices reported some bear cover- ing. A small business was done. The market was steady. Ameri- can Silver was quoted at 42 3/4 for Spot.
121 38.80
(ex. int.] 71%
106
$60
15
The London-New York cross rate was quoted at 493.12. New York-London was quoted at 493.
MARKET
Stagnant.
L
70 da
"LONDON EXCHANGE RATES
Parts
Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm
12:271
(British Wireless Service)
July 14
£78 19/04
21.50)
July 10 178-19/64 21,524 12.27
93·11/16
23/11/16
Shanghai
8-13/16d
New York
4-93
Amsterdam
8.98)
4.93. 8.951
Vienna
1421
142
2251
Bucharest
6124
Hong Kong
Bombay
1/5 29/32
4.961
4.96
Brussels
29.13
29.13
Yokohama
Bellers n
Buenos Aires
18.98
Monte Video
201
2-27/32
19].
Prague Helsingfors
Montreal
Silver Forward)
Silver (Spot) .............
War Loan
ÚN LONDON:-
-19 5/16
34% 102 15/10
Closing Quotations
July 16, 1628.
Telegraphic Transfor...1/1 Bank Bill, ob demandí
Credits, 4 months' sight 1/8)
ÚN SHANGHAI —
On demand
ON SINGAPORE:
On demand
JAPAN
'On demanti
·INDIA:~~
Ön Naw. Tosz: ---
191.
19-5/16
Bank Bills, on demand 201 Credits, days' zighi 31", ON BATAVIA:
·
On demand
367/18
ON PARIS
Bank Billa, on demand 1,095
110 nám.
Creditz, a menths' sight
1,180
ON SAIGON:-
..
On demand.
100
ON MANIE
On dedand
ne
ON BANGKOK:-
1001
On demand
Telegraphie Tandte... 143
on
Bovereign Notes
Bank Buying Rato.....
· Bar Gilver, per oz
STERLING No business was reported. There were sellers at 1/2 31/32 July- September and 1/2 15/16 October- December, buyers at 1/3 "Cash-
December.
U.S. DOLLARS Sellers at 30 3/4 July-August. possibly September and 30 11/16 October-November, buyers at 30
SHARE MARKET REVIEW
Quiet Market
(BY C. A. L. RICKETT) Member Secretary, Hong Kong Sharebrokers' Association
HONG KONG S FINANCES
S POT......
OCTOBER-DECEMBER
JANUARY-MARCH
251 251
251 251
251 28
201
up. I. 284 up t
"
The market opened 3/8 of a cent higher for all deliveries as compared with Friday's closing quotations,
A
Throughout the session the market displayed a steady undertone York Demand for Spot Rubber was good, whilst large buying in- terest was in evidence for trade and speculative accounts. The bet- ter sentiment was caused by favourable American statistical Agures for June
New Record Surplus due to reports of firmer conditions prevailing in London and New
Balance
At a time when so much pessim The market has been very quietiam prevails regarding the trade
Later in the session prices registered a further advance of 1/4 September and 1/2 31/32 October during the week. Shares were not of the Colony, it is indeed refresh-
easy to obtain at quotation, but,ing to learn that the Chances of cent for all deliveries on additional general buying and short-cover- aning. But due to the very reserved attitude of sellers it was very dit- Acult to arrange business except at a substantial premium over in most cases, sellers could be Hong Kong, at least, are in
shares if extremely healthy, state.
Thus it is reported in the Gov-quoted rates, the market closing with a very steady undertone. ' tempted to part with
The following statistical figures were announced: buyers were prepared to raise their bids slightly. Although there has ernment Gazette that the revenues 30
been but Httle, change in prices the undertone of the market has been steady and the tendency has been towards improvement, The volume of business transacted Sterling 8.15/16 sellers. U.S.shows no improvement on the 18.3/8 sellers.
and
13/16 Cash-September 3/4 October-November.
SHANGHAI DOLLARS
Beliers at 166 3/4
SHANGHAI MARKET
ANGLO-GERMAN TRADE
previous week,
of
the Colony have been buoyant that the end of the first five months of the financial year finds that the half-way mark" to the estintáted total revenue for 1938 has already been exceeded. This figure. up to date, stands at $30,254,920.
+
June 1938 '30,829 tons
50
- Consumption in U.S.A. during the month Imports into USA. during the month Stocks in USA at end of montli Shipments afloat to U.S.A. at end of month 32,900
LONDON RUBBER
May 1938 28.900
27,400 76,011
290,300
294,568
32,079
Previous close Today's close
buyers sellers
buyers sellers.
change
7-5/18 7-3/8
7-7/16 7-1/2
CLOSED
7-9/16
SURPLUS BALANCE Revenue for May was $3,164.367,
or $054,255 above the revenue for 8 POT the same month last year. The OCT-DEC. total revenue for the Brat ve JAN,-MARCH, months of the year was $15,336,655, exactly two millions in excess of revenue for the same period, Inst year.
"}
... 7-1/2
NEW YORK COTTON
market was early inactive and prices declined on. lower The market Liverpool cables, Bombay selling and moderáte hedging. Later in
H.K. Banks declared their usual Interim dividend of £2.10. payable On August 8. The shares changed hands at $1,500 and at the close Just before the House of Com-of business there were buyers at mons adjourned on July 1, ir this figure. Electrics had buyers at John Simon read a brief statement $60 and sales reported at se03 to summarising the results of the $61. Wharves had buyers at $127 talks between Sir Frederick Leith and Lands at $35 with sales at this Ross and Dr. E. Wish and their agire. Star Ferries were wanted colleagues on the Anglo-German at 378 and Yaumati Ferries at Revenue from licences increased the day prices rallied on local Trade buying, the better feeling on payments agreement. These talks.
by over 100 per cent. compared the stock market and favourable textile sales. Towards the close
Rent from the market turned dull, with traders awaiting some new incentive. which were begun in Berlin before
with May last year. Whitsuntide, were resumed in Lon-
Government Property increased don and ended in an agreement by
from $23,653 in May, 1837 to which Germany will pay something
$101,548 in the same month this year, while Land Sales showed, an at any rate in service of the
The China Light and Power Co. increase from $34,203 to $143,308, After early Armness in sympathy with Liverpool advices, prices Austrian loans. It no such resulta
Revenue for the first five months reacted on hedge-selling, liquidation and poof demand from the had been achieved, the British has given notice of a final call Government had power to operate of $250 on the partly paid shares. of the year exceeds expenditure mills and from export interests. The better feeling on Wall Street
for the same period by $1,132,695, checked what otherwise might have beeri a larger decline. a clearing system in place of the payable on 30th September, 1938.
Gold mining stocks, have been indicating that Government may payments agreement.
Members of the Commons will quiet, and prices have been th-this year enjoy a record surplus. Meters of the Comer of exciined to ease slightly. amining the details of the new
agreement. Mr. Hugh Dalton and
3232. Hotels could be obtained at $6.55. Cements had buyers at $184 and sellers at $16.90. China Lights (0) $10.90 buyers with sales at $11 HK. Docks (6) buyers at $201 and sellers at $21...
justment Commission of the Min istry of Finance for the purchase
Market closed.
NEW YORK RUBBER
CHICAGO WHEAT
+
The Colony's surplus balance has reached the new record, $15,134,972.
of
COLONIAL DEVELOPMENT
London, July 15.
The Foreign Trade Committee ot Sir Percy Harris were mainly con- cerned to thank the Chancellor. for the Soviet Government has signed giving his news first to the House a contract with the Trude. Ad- rather than to the press. The House, though pretty well exhaus 1480*
ted after four days of the Bandys case, is still feeling sensitive about 1/3-1/16 its privileges, and Sir John was
garlanded with praise.
Japanese cigarette companies in Korea and Manchoukuo have sent
nimounting to 2781,698 towards schemes which are estimated to cost £931.285.
The total amount of assistance The ninth annual report of the applied for during the year was Development Advisory 2917,173 and the aggregate agents to buy tobacco leaves in Colonial of Chinese tea valued at $15,000,dob. Shantung, the total production of Committee shows that during the estimates of the cost of the This ngure, it is reported, repre-which this season is placed at 14-year 1937-38 the Committee have scheme in respect of which appli-
000. picula, says a dispatch to the recommended assistance from the cations were considered
Development. Colonial
Fund £1,021,850,-(British Wireless). sente about half of the total an-
Ta Wan Pao.! nual tea exporta from China
Was
394"
401
United Airlines Traria
旺
91
December
75/754
20
204
United Corpn.
31
31
751/751
NEW YORK STRAITS TIN
761/761 75/754
off
237.
231
United Corpn. $3
181
181
cum. pí.
321
322
September
43.25 Nom.
Closed
51
521
Un. Gas Tprovem't lor
102
251
US. Rubber
383
39
NY Silver, Official 42-3/4 NY-L'don Cross Rate... 4.93
unquoted. 4.92-13/16
201
201
US. Rubber pt.
18
784
» 284*
U.B. Steel
58
583
7}
71
Vanadium
181
187
491
50
Warner Bros. Pict....
774
101
Westinghouse Elec. 1004
1002
391
-41
Woodward Iron Cor. 178
172
40 141
421 ..141
Chase National B 33* National City Bank 274* Call Money
331*
sex. div.-
28* 1%1%
* bid.
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
July 15
July 16 buyers sellers buyers sellers change 241 241 241 241 up 1