.Godowns, etc.
H...&K Wharves... $127
33.45
Providents (old)...
$3.30
Providents (new) .............
165 1/2 sellers.
$20.
#176
+74
sellers at 18.9/16.
$6.55 $35 $106
$6.55
II.K. Ilotela ............
**¿
H.K. Lands .........8.
30.46 $6.65 $35
$36
14
Do. 4 Debentures
$8.40 Shanghai Laads S.
H.K. Baalties
$9.35 Humphreys se
sto Chinese Estates.......
Cotton Mill
$106
$8.40
$9.30
$16.40 Ewos (S.)
$16
$751
687
Bhai Cotions (S.).....
$27
Zanng Sings (8.)
$12
$42
Wing On Textiles (8.)
Public Utilities
$17.60
$17.65
$17,80 201
$17.85
Tramways
Peak Tramu (old)......
18
$7
Feak Trams (Haw).....................
4794
Star Forrios...
$781
$241
Y'mati Ferries C.B.$
835
Do. (ABW)
$24
18 #60)
China Lights (new).....
China Lights (old). Sil
8
601/61]
H.K. Electrics
B001
3601
$16
Macno Electrica
Sandakan Lights
$284 $92
Telephones (old)...................
8261
Telephones (new)....
89.70
26/3 Tractions t
24 6
28/3
Tractions (prof.) ------
Industrials
$14
Cald., Macg. (Ord.) 8.
$14
Cald, Macg, (Prof.)&"
$1,70Canton ices
$1.80
16.80
$5.60
$18.55
24.50 Bope. .....................
Consolidated
China Prov. (old),...)
China Prov. (DW)..................
Miscellaneous
Cematika ...................
$18.60
H
$6,00
$6.60
HK. Bank, $1505.
Union Waterboats, $9.
Datry Farms
an
#261
・40
Ch. E'tainments:........) $6.40
$1.65
Constructions (old).......
H.K. Decks (Old), $21.
Constructions (now)....
$8.70 Lane Crawforda.......................
Nanyang Tobacco.......
$3.20 Sincards
$3,50
$6.80"
70 Ch.G.6% 1925G. Bd. 61/p. H.K. Goth 4% Logos
*70%
Venz, Goldfield, $3.
$105
H. & S. Hotels, $8.55.
1.pm
H.K, Govt. 8]% Loaps || 3101
HK, Lands, $351.
360
H.X. Wing On...........................
350
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Bayern ellera
EHO
$0.80
$3
$127)
$3.40
$3.30
820
fox.div.
Sharebrokers' Association
Sales Namina)
THURSDAY, JULY 21.
Bayers Sellere Sales Mocanal
Banks
$1,510 cum...K. Banks
£11 £28
Do. (London) Chartered Banks H Marcantile Bk. “A”.
13 Marcsatile Bk. "C"
Bank of East Asia ... N. C. & S. Banks
Insurances
Canton InsurENCES..........
{eum.d. $1,500
[ex.div.] £38)
£11. ERS
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices rose 1/18 yesterday for both deliveries, the quotations. being 19 9/16 for Ready and b 3/8 for Forward. Silver advices reported 'India as having bought. Speculators sold to a smail extent. The market was steady. Ameri- can Silver was "quoted at 42 3/4 for Spot.
The London-New York cross- 402.12. New rate was quoted at York-London was quoted, at 492.
£13
$86
$3
$240
1220
1500
Union InzuZRAČNÉ
3500
1/8.
$2
Underwriters CONTAIN
1219
11. K. Fires
32 $110
Quiet.
Shipping
18
Douglases .........
$175
$31
Steambodia ..........................................
119)
180
Indo Chigas (Prat.)....
$24
Indo-Chinas (Del.)......
$51
24
AA
Shell
94/41
Waterboata
Mining
15/
Kailans Raubs
18/
$01
Vanazuoia Gold Fida.
*
8 cts Hong Kong Mines.......
Docks, WharTES,
H.K. & W. Docks....
Do.
(NBR)........
$115 Shanghai Docks S..... 13.90 Now Engineeringa S.
Lands, Hotels, and Buildings
H
MARKET
STERLING
Some business was reported at 1/3 for cash. There were sellers at 1/2 31/32 July-October and 1/2 15/16 November-January, buyers at 1/3 Cash-October and 1/2 31/32 November-January.
U.S. DOLLARS There were sellers, at 30 11/16 July-September and 30 5/8 Octo- ber-November, buyers at 30 3/4 Cash-September and 30 11/18 November, possibly October.
SHANGHAI DOLLARS
FINANCE
NEW YORK STOCK EXCHANGE
1938
Through Router's Service)]
QUOTATIONS
High Low Dow Jones Averages
143:67 88.95 30 Industrial
39.77 19.00 30. Hailu
7 14.16 20 Utilituen 91.70 83.39 40 Bonds
34.99 $1.03 [1Commodity ludex 50.10
STOČKA.
Last Sale July 19 20 Adams Express...... 12) 121 Alleghany Steel Co. 191
Allis Chalmers..... 524 Amex. Can
Amer. & For. Power, 41
221
Amer. For. $7 pf. 241 Amer. Locomotive Amer. Metals....... Amer. Radiator .... Amer. Rolling Mill... 213 amer. Smelting...
36 161
IN THE AFTERNOON The market was steadier in the afternoon.
STERLING
The market closed with sellers at 1/3, July and 1/2, 31/32 August- November. buyers at 1/3 1/32 Cash-July and October.
Briggs Mfacturing. 30% Brooklyn-Manhattan,
Trans............ 12.
Brooklyn Manhattan
$8 cum. pf........... 35 Case. JI.
H. K. STOCK EXCHANGE
YESTERDAY'S'
OFFICIAL QUOTATIONS
The steadiness in the market continued today with a good de- mand for shares but with few If any sellers.
Elec. Bond & Share
52,--47
10
517
243 2:3 361
= = = 8 - 7 × 3 = = = ==⠀⠀÷¬÷䤇ত ¤. g ̃1⁄2‡8-897-381¢**** ‡‡‡ * . *******88 *
143.87
.39.13
LON
$9.62
July 11, 1938 July 19. High Low Close Chang
148.97.141.00 141.84 1,83 DE
30.38 10,23 20.60
47 ap 22.73 91.70 -4.55 .49 up 50,81 .29 up 49.46 .64 aft Business Done-1,510,000 shares.
STÜCKE
Great Western Sugar
Last Sale
July 19 20
28
281
100+
100
Greyhound Corp. Hecker Products Int. Nickel
161
16
8
81.
52
502
5
Int. Tel. & Tel...... 101
104
Kennecott Copper... 431
$1
New York, July 20.
Libbey-Owens- Ford
FRIDAY, JULY 22, 1938.
PAYNE & CO.
COMMODITY BROKERS
13
STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
High Low
Prev. Today's
Close Close Change.
Glass...
442
43
161
Lockheed Aircraft
142
14
211
Loew's Inc. ........ 58
52+
New York Cotton New York Rubber...
52
501
SHANGHAI MARKET Sterling. sellers at 9.1/32.
U.S.S
Amer. Sugar Ring ...... 231 Amer. Tel. & Tel. 142 Amer. Tobacco. "B" 81 Amer. Waterworks. 121 Anaconda Copper Atchison, T. & 8. Fe. Auburn Motors Baltimore & Ohio... Barber & Co.
211 Barrisdali Oil 4, Bethlehem Steel... 62 Boeing Airplane Co. 291 Borg-Warner
291
1414
814
123
37
351
**
393
· 39
5
44
10
10
224
211 201 "80-1 29
321
311
201
Martin. Glen L... 28 McKesson &
bina. $3 pr. 35 33 Monsanto Chemieul 904 90 Montgomery Ward... 481 471 Nat. Dairy Products 157 Nat. Distillers 234 Nat. Power & Light 72 Nat. Supply Corpa. 201 New York Central ... 20 N."America Aviation 104 North America Co. 231 Northern Pacific. 123. Pacific Gas & Elec 291 Pacinė Lighting
251
Chicago Wheat
Rob-
Chicago Corn
Winnipeg Wheat
October 8,59 8.61 Sept. 15.60 15.32 Sept. 701 69 Sept. October
8.7184 07 off 15.54 15.45
.09 "off
701
691
7 of
591 59
· 50
591
unch.
78
761
774
761
11 of
151
211
NEW YORK COTTON
73
Close
Opening
Closing
Change
211 20+
October December 101 241 13
8.71/71
8.66/68
8.64/65
,07 of
8.78/79
8.73/75.
8.73/73
.05 0
January (1939)
8.80/80
8.76/776.
8.74/74
.06. of
March
10
8.85/85
8.31/80
8.78/78
.07 of
281
May
"}
8.39/89
8.84/84
8.83
N
,06 of
41 1
..401
July
М
8.82 N..
8.35b/904
8.87 N
.05 of
Packard Motors ......
54
5+
Spot
8,81
8.74
.07 of
I
114"
Paramount Pictures 134
11
NEW YORK RUBBER
Pennsylvania R.R....
22+
221
35/
Phillips Petroleum
441
44
September
15.54/54 15.66/66 13.45/45
,000. 60°
74
74
1/3 September-
ון
U.S. DOLLARS Sellers at 30 3/4 Cash and 30 11/16 July-September, buyers at 30 13/16 Cash-August and 30 3/4 September.
Canadian" Pacine Chesapeake & Ohio 32 Chrysler Corpn. ...... 724
8 Columbia Gas & El. Columbia 6%-"A" pí. 661*. Commercial Credit.. 184 Commonwealth & S. It Commonwealth & 8.
6% cum pf.
983
Public Service of NJ Pure Oll
313
.321
December
15.67/68
134
13
Merch
15.73/74
15.75/79 15.54/58 15.83/82
.13 off
15.60/65
343
Radio Corpn. of Am. 78
T.
May
15.79/79
,13 off 15.65b/89a · 14 off
704
Republic Steel
201
197
а
09
Reynold Totac. "B" 42 Schenley
434
Sales for the day-
4,830 tons.
194
211
CHICAGO WHEAT
45
Schenley, 54% pfd... 75 *
76
·Sears· Roebuck- :
74
731
July
692/691
Shell Union Of
181
18
September
441
441
Socony-Vacuum Ou
153
151
December
... 70/704 724/72}
703/701
69/68% 691/691
off Loff
723/721 -711/711
Consolidated Edison 294. Consolidated On 10
Southern Paclic
∙194
20
Tuesday's Sales:—
19,447,000 bushels.
Southern Rly $5 pfd. 19
192
CHICAGO CORN
Continental Can Continental Off Corn. Products
181
Standard Brands ... - 81
84
351
Stand Gas & Elec,
44
5
July
531/58)
Curtiss Wright (C)
681 6
Standard Oll of NJ 572
562
September
* 51
Stone & Webster.
107
114
December
Curtiss Wright "A" 231 Distillers Corpn. Sex-
231
grams:
18.
161
Douglas Aircraft
521
521
Du Pont pane. Eagle "Picher Laid 11 Elec. Bond & Share
128:
1287
do.
Swift Internalonai 273
Technicolor ...... Texas Gulf Sulphur", 347 20th Cent: Fox. Films 261
Films pf....
ng
231
221
591/59) 591/501 581/582. 582/581 WINNIPEG WHEAT
57/58 591/501 584/58
of unch. 1 08
+
35
July
247
993/991
October
771/77
38
35
December.
751/75%
771/771 752/76)
11
Union Carbide &
100/100 762/781 742/75
* up
1} of
1
91
101
Carton
85.
837
NEW YORK STRAITS TIN
i
54
55+
Union Paciie ......... 364 United Aircraft .......
86!'
-284
281
September
43.45 Nom. 43.70/70.
BUYERS
Elec. Bond & Share
36 pi...... Elec. Power & Light
United Airlines Trans 11
11
591
United Corpn.. .... 34
31
NY. Silver, Omcial ... 42-3/4- NY-Lidon Cross Rate... 401-5/8
43.55/55. 42-3/4 4.92-1/8
United Corpa. $3
434
44+
EK Earik (Lèn,) £90 ex, div.
Wintrote
231 23
HK & K. Wharves, $1274.
Gen. -America Trans 487 Gen. Electric
Gen. Motors..
HK Docks (New), $20. Providents (Old), $3,40.
Providents (New), $3.80. Raubs. $0.80.
Gen. Railway Signa). 22.
Glidden Co...
Goodrich (BFA)
Goodrich 35 pf.
Goodyear Tire & Co. 27%
Great Northern Iron
Ore...
HK. Lands 4% Deb.. $106.
Great Northern Rly. 23)
***
S'hai Wing On LA
$65
$5.30 Vibro Piling
$8
2/8
Maramans lav. (H.K.)
~ QUOTATIONS
Bales to Shanghai
Paris
Geneva
(British Wireless Service)
July 16 178-19,/64
July 18
178 11/64
Watsons. $8,80.
Entertainments, $6.40.
Constructions, $170.
21.523 12.271
بوم
21:50.
Berlin
13/3 Marsmans Inv. (Lon.)
{70 ota | Wm. Powalla
170 ctx.
LONDON EXCHANGE RATES
Stockholm
12.26 (7)
931
HK. Tramways, $17.70. Peak Trams (Old), 364. China Lights (Old), $11. China Lights (New), $8. H.K. Electrics, $81. Telephones (Old), 3264. Telephones (New), $92. Cements. $18.85. Dairy Farms, $265...
HK. Goyt, 34% Loan, 1% pm. Marsmana (HK), 2/8.
ני
Consol; Ch. Prov. (Old), $6.80. Consol. Ch. Prov. (New), $8.60.
SALES
H. K. Bank, 31570 c.d.
Hotels, $8.55.
HK. Tramways, $17.70.
HK. Electrica; $61.
Athens
Milan
23-11/16
Copenhagen
Shanghai
B-13/18d
H. &
"New York
4.93
Amsterdam
8.95
4.954 8.95
Vienna
142+
1421
2201
6722
Hong Kong
1/2 31/32
Bombay
1/5 29/32
4,96
29.13
4.92 7/16 29.12
Prague Helsingfors Bucharest
Montreal
Brussels
Yokohama
Sellers ....
Buenos Aires
18.88
Monte Video
20+
R10
Silver (Forward)
Bulver (Spot) War Loan
ON LONDON:
2-27/32
191.
19-5/16
31% 102 15/16
Closing Quotations
July 21, 1838.
Telegraphic Transfor.........
Bank Bills, on demand) 1/27 Credits, 4 months' right, 1/96
UN SHANGHAI:
On demand
ON SINGAPORE:~
On demand
· JAPAN 2
On demand
for INDI
ON NEW YORK-
ابراه
18.971
191
19 5/16
. 34% 102-13/16)
Bank Billi, on demand 30-7/10
ON BATAYA:-
Credits, 60 days' sighs 2015/16
管
On demand
On Parib
Bank Bills, on demand 1,095 'Credits, 4 months' right 1,180 ON SAIGON:
On demand
109
Dairy Farms, $261.
(Prices below Ià Phil. Currency)
Antamoks Ps., .39
Atoks, 29
Bagulo Gold, 21)
Benguet Consol., 10.30
Coco Grove, 44 Consol-Mikes.0035 IXL 65
Paracale Qumaus, ".13 San Mauricio, 484- Buyoc Consol, .17† United-Paracaler,” 31
A.K.
SHAREBROKERS' ASSOCIATIONA
'BUYERS
Hotels, $5.55.
Lands, $35,
Peak Trams (Old), $84. Watsons, $8.90. Steamboats,..$20.
Antamoks, 62 cts. Atoks, 46 KNI
SELLERS Hotels, $8.60 mm
CRALES
Banks, $151024 Hotels, 5.471/60... Trams, $17.70.9
150 1100.
P
ON MANILA:-
Qn, demand
ON BANGIOK:
1081
On demand
Severeign Notes
Ban Buying Rate. Ray Blver, per os.
11/16 19-9/16
Btar Ferries, $TDA...” Electrics. $61.
"Dairy Farms, $261.
Telegraphic Transfer... Fa
Bank, on demandi
SINGAPORE STOCK |15 MINES HAVE
MIDDLE PRICE
Rubber Shares
The following quotations of 12
leading Singapore stocks
PAID DIVIDENDS
Of 500 31 Are Producing.. Chamber Figures Show Gervacio Garcia, secretary of
· COMMODITY MARKET REVIEW
1142 000 AIT OF RA MOJC
(FROM PAYNE & CO.)
SINGAPORE RUBBER
July 19
July 20 buyers sellers buyers sellers change
251 25+ 251 254 261 261 261 261 unch. 207 271 261 271
unch.
The market opeded with prices unchanged for all forward
positions as compared with Tuesday's closing quotations.
After a quietly steady opening the market turned easler due to the disappointing action" of the New York market.” Although there was a fairly good enquiry for Spot Rubber, dealers and speculators preferred to liquidate some of their holdings..
been received by Messrs. Ellis the Chamber of Mines of the Later in the day prices declined by 1/8 cent for all deliveries on and Edgar, from Messrs. J. M. Sas-Philippines,--has- called attention further speculative selling and profit-taking but due to the reserved soon & Co.. Bingapore,
to an error in the statement re-attitude of buyers it was only possible to arrange business at prices July 18, 1938. garding mining companies which slightly below quoted rates... Malay Amalgamated
Estates were published recently.
Closing tone was quiet. Limited, 1571; Kempas Limited. ↑ " Out" of more than 500 mining A matter, which has been given careful consideration, is the 1.97: Kuala Sidim Ruber Co., Ltd.. companies organised before and suggested change in the amount of stock which Estates are to be 255; Pajam Limited, 1.874; Sünge! after the mining boom, only allowed to hold. So far this has been equal to two months current Bagan Rubber Co. Ltd., 1.30; have reached the production stage. production, but it is now proposed that in future: Estates should be Tapah Rubber Estates Limited. Of these.. 15 have so far paid allowed to carry one-fourth of the 1937 standard assessment. Buch 1.921.
dividends to their stockholders.a scheme would permit the retention of an adequate labour force Tin Shares
and of this group six have been when permissible, exports are at a low figure, rendering also possible Petaling Tin Limited, 8.45; Bun- able to return the capital invest-quicker releases to be made when necessity arises. Buch elasticity gel Luas Tin. Dredging Ltd., 1.62}. | ed ́in' them.
within the controlled area should ultimately work to the good. of the Industrials
Of the companies organised "be- market. Straits Trading Co., Limited. fore the boom, Antamok Gold- 28:50: United Engineers Ltd. (Or- | fields, Balatac, Benguet Consoli- dinary), (8,20: Wearne Brothers dated, Benguet Exploration, Ito- Limited, 13.90.
gon, and Tambis Gold have re- turned the capital invested.
Baguio Gold, Big Wedge, Demon- stration, "Gold Greek, Ipo Gold
Gold
Raub Australian Gold Mining Co., Ltd., 5.40.
(The above quotations are in Stráfts Dollars).
NEW ZEALAND
SURPLUS
MAWellington, July 21. The New Zealand Finance Min- Ister, ME W. Nath estimates that there will be a surplus of E58,000 for the coming fiscal year.
Revenue and expenditure estimated to be about the same as
last year.
Or the total revenue, one-six- teenth will be allotted to defence.
(Reuter).
TRAMS INTERIM DIVIDEND
An interim dividend of 45 cents per share, parable on August-15, has just been announced by the |Hong Kong Tramways, Lid, "
SPOT OCT.-DEC.
IXL, San Mauricio, Suyoc, and JAN-MARCH United Paracale have paid- divi- dends,
in
The following companies are
production, but have
not
as yet paid dividends: Ambas-
LONDON RUBBER
Previous
buyers.
close
sellers
Today's close buyers sellers
770
change
off '1/18 7-11/16 of 1/18
7-9/18 7-6/8. 7-1/2 1-5/8 7-11/16 7-3/4 -7-5/8 7-3/4 7-18/187-11/16 7-3/4
After ruling firm with good Continental demand, the reacted owing to disappointing New York advices...
NEW YORK COTTON
1
off 1/15
Trading was early inactive and prices declined on lower Liver-- sador, Coco Grove, Consolidated pool cables, selling by Liverpool interests and the reaction on the Mines East Mindanao Masbate stock market together with hedging agains movement of the new Consolidated, Masbate Goldfields, crop. The volume of selling, however, was not great and offeringe Mindanao Mining, Mindanao Mo were well taken with prices finally closing steady. ther Lode, North. Mindanao, Para- cale-Gumaus, Santa Rosa, Surigao Consolidated, Tinago, Twin! Rivers, United Mindanao, and Royal Paracale.
*
BRITISH IMPORTS INTO MOROCCO
London, July 21.
A new trade treaty with regard
NEW YORK RUBBER
The market opened upward in sympathy with strong cables from abroad, but soon thereafter declined on the unsettlement on Wall Street and heavy speculative realising together with a fair volumé of stop-loss selling orders. Later, there was a relaxation of pressure on some buying by the Trade, but the tone towards the close was irregular.
CHICAGO WHEAT
After early steadiness, the market turned easy on North-Western to British imports into French hedge-pressure, lack of new Trade, buying and reports of ideal wen- Morocco was signed between the ther for the crop. Increasing recreasing receipts are anticipated French and British Governments owing to the rapid harvesting of the Spring crop, but, on the other on Monday, it was announced last hand, grass-hopper and rust damage complaints are proving an
effective check to any volume of selling.
night=(Transicean),
49
432
421
421
412
221
cum. pl.
334 United Gas Corpn. 141 Un. Gas Tprovem*t 101 U.S. Rubber ...... 444.. U.S. Rubber på....... 84 821 U.S. Steel.
624 602
334
"47
11
43
2909 M
251 25
20%
20
59 501
281
14
131
24
Vanadium .......... 204 Warner Bros. Pict.... Westinghouse. Elec. 1041 1027 Woodward Iran Cor. 20 Chase National Ek. 334* National City Bánk 281* Call Money
197
8
19
1
20 33 * 27 # 1%
2
SPOT
OCTOBER-DECEMBER
that ex. div.
• bid.
JANUARY-MARCH
bave
H