TUESDAY, ‘AUGUST 23,
Buyer Sellers Balme
Nominal
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
kus Bellera Sales Som
Sharebrokers'
Association
THE EXCHANGE MARKET
MESSRS. RÓZA BROS.
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Reuter's Service)
QUOTATIONS
Aug. 23, 1938 High Low Dow Jones Averages, Aug. 20. High Low Close Chang 145,87 98.96 30 Industrials
!
+
3295 $500
3212
:
•
$0.10
$139
9
1,442 £98
$19.80
Banks
H.K. Banks............
Do. (London).............
£18) | Chartered Banks ........ £36
Marcantile Rk
213 Mercantile Bka ““C”
389 | Bank of East Asia...::
39/4
N. C. & 8. Banks....
Insurances
Canton Inmarsaces............. Union Ispartacei.
Underwriters
11.K. Firm
Shipping
Dougins...
Steamboats......
Indo-China (Prof.)....
Indo-China (Def.)
Waterbosta
10/6. Kailans
$10.10 Rauba ......
$3 Venezuala Gold Fids.
17 cts, Hong Kong Hines......
Docks, WharTOS,
„Godowns, eta
H.K. & K. Wharves... #1281
Providenta (old)........................ Providents (new)...... 310.85 H.K. & W. Dooks....
Do. (now)......... $199 Shanghai Docka 8. $3.99 New Engineering B... Lands, Hotels, and
Building
$1,440)
883
Elft
"A"
£28
Silver
unchanged prices were yesterday, the quotations remain- ing at 19 5/16 for Ready and 10 3/16 for Forward. Silver advices being reported the market as steady with hardly anything doing. American Silver was quoted AS 42 3/4 for Spot.
14.90
3177 · 19.00 90 Rails 22.55 15.14 20 Utilitsen 98.70 83.39, 40 Bands
29.43
19.78/ ୪891 58.00 48.03 11 Commodity ladez unquoted
141.81 14813 140.99 28,00 18.10 28,96 19.78 19.03' 18.02
·
.38 of 20 off .10 of 83.83 - 0 off 47.65
Business Dono:—100,000 shares.
BLUCKS
213)
The London/New York,
cross-
$38
rate
#3
M
was quoted at 498. New Adams Express York-London was quoted at 488). | Alleghany Steel Co. 18
Last Sale Aug. 20. 27 111
STOCKA
Last Sala
Aug. 20, 22.
Great Western Sugar 264
26
184
Greyhound
Corpa" 17
18
3235
MARKET
Allis Chalmery:
491
49.
Hecker Products
71
71
***
$305
Market dull.
Amer. Can..
100
1007
Int. Nickel
491
491
STERLING
3210
1
100
$
160
134
Shella
$75
$23 $51 124 89/41
09.10
Mining
**
18/0
810 13
$130
#3.67
$3.47
#201
(3.68/70)
33.51
No business was reported. There were sellers at 1/3 August/Novem- ber and 1/2 31/32 January/Febru- ary, buyers at 1/3 1/32 Cash/Nov- ember and 1/3 January/February. U.S. DOLLARS
There
were sellers at 30 1/2 August/October and 30 7/16 Nov- ember January, buyers at 30 9/18 Cash October and 30 1/2 Decem- ber/January,
SHANGHAI DOLLARS Sellers at 178 174.
SHANGHAI MARKET Sellers of Sterling at 8.13/32d. Sellers of "U.S. at 17.3/32 for
Amer. Radiator .....: 151 Amer. Rolling Mill... 191 481 Amer. Smelting...... amer. Sugar Ring.. 24 * Amer. Tel. & Tel 142 Amer. Tobacco "B" 851 Amer. Waterworks ... Anaconda Copper ... Atchison, T. & B. F. Auburn “Motors Baltimore & Ohio Barber & Co.
Barnsdall,, Oli
19) 471 24 1421
871
10) 99
34 347 37.
Amer. & For. Power Amer. & For. $7 pf. Ames, Locomotiva... Amer. Metals
31
33
Int. Tel & Tel
81
82
[8]*
19" *
Kennecott Copper...
401
•03
201
201
Libbey-Owens- Ford
New York,.August 22.
·34}"
3
151
Glass ................ Lockheed Aircraft ...
191
181
14*
147
New York Cotton
October 8.25
WEDNESDAY, AUGUST 24, 1938
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
Prey. Today's
High Low Cloac Close. Change
.08. off
Loew's Inc.
47
47
New York Rubber
Sept. 16.40
37
31*
་
8
B
20
ໂ
18
17
$31
$19,00
Spot
$125 14
Bethlehem Steel IN THE AFTERNOON
Boeing Airplane Co. 28 The market remained dull in Borg-Werner the afternoon.
57
56+
321
STERLING
Briggs M'facturing Brooklyn-Manhattan
33)
251 321 331
37.10 $7.15690/7, 15. 137 azdiv
H.K. Hotel
$7.00
7/7.10
H.K. Lands..........
$173
138 lex.div.
4107)
Do. 4% Debenture
81073
$8.40 Shangbai Lands 8.
$6.95
$5.95
$9.30
H.K. Boalties ......................
$9.3C
Humphreya.....................
$10 Chinesa Estates
Cotton Mills
$19
$18.80 Evos (8.)
$90.
S'hai Cotions (8.) ......
$87)TM
$24
Zoong Sings (8.).....
Wing On Textiles (8.)
$24 $42
Public Utilitfes
317$17.96 317.30
{Tramways
g
$17.20 317.40 17.15/20/30
Peak Trams (old).......
18)
Funk Arams (new).......
34
$78
Star Ferrin com
9771
Yati Ferrins 'C.B.
$25
$24
Do. (DOW)$
$24
$1.65 $8.60
China Lights (aid)......
11.65
$117
China Lights (new).... $8.40
H.K. Electrice
$413
STOCK
$16
Macao Electrics ..........
Sandakan Lights...................
$26.40 $9.60
127
Telephone (old)
$97
39.05
Telephones (new)......
.$9.05
$9.65
2/3 Tractions
24.6
8/3
Tractions:(pref.)
Industrials
$14
Cala, Mung (Ord3) &.
1...
I.
Cald, Macg. (Pral.) 8.
Селишт
$4.90 Ropes
$1.70Canton Ices
Consolidated
$1.00
$171
$17.63
$4.90
$5
87.36 $7.10
17.30/401
China Prov. (old).......
$7.36
7 20/40
$7.15
$261
+98
***
Chins. Prov. (Dew}......
Miscellaneous
Dajer Farul
Ch. E'tainmentä ......
$130 Constructions (old)....
Constructions (now)...........
$8.70 Lane Crawfords......
Nasyang Tobaco.......
$2.20 Bucerea
Ch.0.5%1995G.#Bda.
---
བ་
#251
$0.65
*$1,90
EK. Fire Insurance, $210.
$8
36
HK. and K Wharves, $1283.
$3.18
$8.29
Watsons
$8.10
7271.
72%
H. and S. Hotels, $7.15..
H.K. Gort, 4% Lowas H.. Gort 33% Loans
$106
1101
FI
160 B.K. Wing On famosa '
S'hai Wing On........
$50
Bot
$6.40
The market closed with sellers at 1/3 August/November and 1/2 31/32 January/February, buyers at 1/3 1/32 Cash/November and 1/3 January/February.
U.S. DOLLARS
The market closed with sellers at 30 1/2 August/October and 30 7/16 November/January, buyers at 30 9/16 Cash/October 39 1/2 December/January.
.SHANGHAI DOLLARS
Sellers at 178 1/2.
SHANGHAI MARKET Sellers of Sterling at 8.13/32d. U.S. sellers at 17.3/32.
H. K.
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
There was a further improve-
ment In the more popular stocks.
BUYERS
Hong Kong Bank, $1,442).
Brooklyn-Manhatta
Kraras ....
Douglas Aircraft
:: Du Pont
Eagle Picher Lead 101*
Hong Kong Bank (London), £88.| Fllntkote
Canton Insurance, $225,
Union Insurance, $505.
Union Waterboats, $9.10.
Providerits (Old) Consol.. $7.35.
Providents, (New), $740.
Goodrich (B,F.)
Goodrich $5 pt.
Trans.
10)
10
and
$8 cum pt. Canadian Pacific Casę. J.I. .*** Chesapeake & Ohio Chrysler Corpn. Columbla Gas & E Columbia §% "A" pt. 641* Commercial Credit.. 47% 14 Commonwealth & 8. Commonwealth & 8.
352 6% cum pl.......... Consolidated Edison 2641 261
91 Consolidated C Continental Can Continental Of
311 301*
61 63
901*
92
30%
30+
73. 6
72!
66
433
327
Corn. Products
Curtiss Wright (C.) Curtiss Wright "A" 221. Distillers Corpn. Bea-
584* 1881
5+
163*
474
1317
Elec. Bond & Share
T
Elec. Bond & Share
$5 pf......
48 *
Elec. Bond & Share
$6 pl. Elec. Power & Light
Gen. America Trans
Gen. Electric
Gen. Motors ...
Gen. Railway Signal 204
Glidden Co.
170 cta
HK, Lands, $373 ex. d.
Humphreys, $91.
K.K. Realties, $6. H.K. Tramways, $17.35. Peak Trama (Old), "$61. China Lights (Old), $119. China Lights (New), $83. Telephones (Old). $26,80 Telephones (New), $9.65.
Cements, $17,85.
Goodyear Tire & Co. 281 Great Northern Iron
Ore
Great Northern Rly. 211
$5.95 Vibro Piling................................. 12/6 Maramans Inv. (Lop.)
3/3 Maramans így, (H.K.)
70 ota W. Paralle
*Sales to Bhangtini
LONDON
Paris
Geneva
Berlin
Athens
Milan
Copenhagen
EXCHANGE RATES
(British Wireless Service)
Aug. 20.
178-29/32
21.29
Dairy Farms, $26.
Watsons, $8.20.
PROSPECTS FOR RUBBER
Statistics published during the past week have not, at first sight, been very encouraging. July shipments from the NI. were no less H.K. Govt. 4 per cent. Loan, & per than 11,000 tons greater than June shipments, writes the Singapore
Free Press, cent. pm.
H.K. Govt. 34 per cent. Loan.
1 per cent. pm.
SELLERS
Cements, $18.
SALES
Aug, 22 178-37/64
21.30
12.176
12.131
Stockholm
921.
12.73
922
Shanghai
8id
New York
...4.88
Amsterdam
8.921
4.88-1/16 8.92
H. and S. Hotels, $7.20.
H.K. Lands, $38.
Vienna
Prague
141
141
H.K. Tramways, $17.40.
Helsingfors Bucharest
Hong Kon
Bombay
Montredi
Prussels
Yokohama
Sellers
Buenos Aires
Monte Video
Rio
3ilver (Forward)
Sliver (Spot)
War Loan
ON LONDON:-
2261
670
1/2 31/32 1/5-29/32d
4.89 28.961
18.871
20.
2-27/32
19-3/18 - .. 19-5/16 34% 1027
Closing Quotations
August 23, 1933,
Telegraphic Transfor... }1/27 Bank Billa, on demand f Credits, 4 months' sight 1/3)
ON SHANGHAI:-
On demand
UN SINGAPORE:
................. 170 nom,
On demand............ 634
„DA Japani-
On demand
Es IIIa:
ON NEW YORK:—,
1/5-59/64d 4.894 28.93
18.971
19-3/18
19-5/16
7
34% 1024
Bank Billa, on demand '30) Credits, 60 days? sight - 201
ON BATAVIA:
On demand... ON PE
B5
Bánk Bills, on demand 1,095 Credits, months' sighs 1,183 ON SAIGON -
HK. and K. Wharves, 3128. Prov. (Old) Consol., $7.50/60, Prov. (New); $740,
H.K. Realtles, $6.
China Lights (Old), $112/80. Telephones (Old), $27... Cements, $17.85/18.
(Prices below in Phil. Currency)
Antamoks, Ps) .38).
.:
Atoks, 34. Bagulo Gold, 22. Benguet Consol., 11.20. Demonstrations,, .28. Paracale Gumaus, .12. San Mauricio, 55. United Paracales, 32.
H.K.
SHAREBROKERS ASSOCIATION-
BUYERS
Waterboats. $9.15. Wharves, $129.
Providents, (Old), $3.75 Providents (New), $3.85." Hotels, $7.15. - Lands, $38.
Realtys, '56.
Yaumati Ferries (Old), $244.
Trams, $17.35..
On demand
109
Peak Trams (Old), $62.
ON MANILA 3 -------
On deinand
·001
Lights Old), $11.80.
ON BANGKOK{—
Lights (New), $81.
1001
On demand......
1498
Sovereign Notes:
Dairy Farms, $254.
Bank Buying Rate.
1/8-1/26 10-5/16
Telegraphic Transfer. 1/16 war surat per os
York, en demand
Cements, $17.85
Entertainments, $6.55. Sinceres, $210.
As this increase was only partly offset by the decline of 3,000 tons in Malayan net shipments, stocks afloat at July 31 were prob- ably up by about 8000 tons compared with the previous month, unless shipments from other producing countries were considerably Hghter.
COMMODITY MARKET REVIEW
(FROM PAYNE &«
SINGAPORE RUBBER
August 20 buyers sellers
27-1/4 27-3/8 27-7/8
...28-1/4
August 22 buyers seller's
28-1/8 28-3/8 off 1/8
The market opened with prices unchanged for all deliveries as compared with ́ Baturday's closing rates.
After the opening the market ruled quiet with a steady under- tone. Demand from London and New York for "spot” Rubber, was, “ very fair. However, dealers and speculators adopted side-line post- tions preferring to await further developments in view of Rubber Ex- changes in London and New York having been closed on Baturday last.
Later in the session the market turned very steady due to fur- ther brisk enquiry for actual Rubber resulting in a price-advance of 3/8 cent for "spot" and 1/4 cent for forward deliveries.
After some business having been transacted at the higher price- level the market closed with a steady undertone.
Rubber Stocks in USA. have commenced to decrease recently and should continue to do so in view of the favourable demand outlook and the restricted shipments. Unless some unexpected un- favourable action is taken at the September 12 meeting of the In- ternational Rubber Regulation Committee, a further substantial ad-
LONDON RUBBER
བ
Previous close Today's close buyers seller: buyers sellers 7-7/8
7-15/16 7-15/18 8
Colony stocks increased during middle of June was partly it-vance in prices may be confidently expected. July by 1,320 tons and this in-fluenced by the heavy decline in crease, added to the 3,000 tons in-world stocks at the end of May crease in United Kingdom. stocks and the premature... expectation and the probable increase of 8.000 that the decline, once started. tons in total stocks afloat gives a would continue unabated... total increase in world stocks (ex- cluding America) of something over 12,000 tona.
are
SPOT OCT-DEC.
thange
-up 1/16 88.1/8′′ up, 1/16 8-1/8 8-1/16 8-3/16 tip 1/16
JAN-MARCH
7-15/18 8
8
Market quietly steady.
If this is the case prices may suffer a temporary set-back..............
Should this possible set-back American stocks sure to occur it should strengthen rather have declined during July. But it than weaken the long-term out of is hardly likely that they declined look by more than 8,000 tons and they may prove to have decreased by no more than 6,000 tons.
It therefore seems probable that total world stocks had increased by the end of last month by 4,000 to 6,000 tons and this increase following upon the increase of nearly 2.000 tons at June 30, might temporarily affect the market.
WORLD STOCKS. There is a possibility,, however, that the rapid advance in prices which has been recorded since the
RALES
Providents (Old), $3.15. Providents (New), $3.70. Hotels, $7.15/7.20. Lands, $38.
Realtys, $8.
Troms, $1735.
Taumati Ferries (Old)' $25. Lights (Old), $114/11.80. Cements, $17.05. Sinceres, $2.10.
The LR.R.C. meets again on
Rubber stocks held in the United Kingdom showed an increase 1911 tons for the week ending August 22, 1938.
NEW YORK COTTON
September 12 to decide the per- Prices declined on lack of demand, together with foreign sell- centage release to be permitted ing and light hedging, but later steadied up on Trade price-fixing and local buying, although tradera generally are awaiting new in- during the last quarter of the year. If American absorption hascentives Weather conditions are reported to be favourable, but weevil complaints continue. Finally, before the close, the market not come up to expectations' and' prices" in consequence are inclfried again eased on foreign schling. to sag: the Committee will pre- sumably have no hesitation in leaving the release unaltered at
45 per cent. for the last quarter.
BUSINESS TREND
NEW YORK RUBBER
Despite an early decline following on disappointing, London cables, the undertone throughout remained firm and, on the appea- rance of some demand from the Trade, there was a rapid recovery. It is reported that there has been an increase in British stocks, but the outlook, on the whole, is regarded as encouraging.
CHICAGO WHEATA"
Activity in the steel industry appears to be definitely on the in- crease “and lumber and other in- After early firmness in sympathy with Liverpool, prices edged dustries are showing better re-off on light selling and liberal week-end receipts from the country turns.
together with an increase in visible supplies and an absence of out- alde interest.
Both motor vehicle and tyre in- ventories are steadily declining and the increase in the consump- tion of electric current and tele- phones, indicates a general up-ber are required in the manufac➡facturers' hands also declined by swing in business activity.
ture of 1,000,000 tyres, on the about the same quantity, average...
Fate means that consumption of
The importance of the fall in tyre inventories and its bearing upon probable future absorption is possibly not fully realised" It is estimated that 8,000 tons of rub
During the second quarter of tyres and tubes, in terms of rub- this year tyre Inventorier declined her, exceeded actual absorption of by approximately 2,000,000 units rubber by about 6,000 tons month- and the number of tubes in manu-lly.
53 *
'54
384*
224
47
42
42
421
20
• 23 234
241. .241
571*
127
Tag ¤ ¤ ÷ ÷ ÷ ã ã ± 882 = **g*get besanger beger • . **•·G«‡** ba
Martin, Glen L. ........
23
231
Chicago Wheat
Sept.
647
(8,20 8.28 8.20 15,18 16.32
83
18.39 .07 up
831 634
of
4
McKesson &
bins, $3 pf.......
Rob-
Chicago Corn
Sept.
523 513
521
521
off
331*
341*
Winnipeg Wheat,
October 68 671
677
672
unch.
Monsanto Chemical 921* Montgomery Ward.. 451 Nat Dairy Products 14- Nat Distillers
931
464
14
TAPLETON 24
241
30*
Nat. Power & Light
NEW YORK COTTON
October ...
Close
8,28/29
Opentig Closing
8.20/22.
8.20./21
Change
.08 oft
B1
61
December
8.35/37
8.29/30.
6.27/27
Nat. Supply Corpn.
171
173
.08 off
January
(1939)
.8.35 N
8.28/28
8.27 N
New York Central
181
181
.08 off
March
J
8.37 N
8.30,/30
N. America Aviation
8.28/28
.09 off
91
91
May
8.37/37
8.29/29
8.27/27
North America Co. 2014 Northern Paciás ... 121 Pacific Gas & Elec.271* Padinc Lighting.
201
:10 off
July
.8.36 N
8.27/28
"8.23/23
.13 off
123
37"
Spot ...
8.40
8.32
.08 off
38
38
NEW YORK RUBBER
Packard Motors ...... Paramount Pictures
5
5
September
91
December
16.32/32 16.53/53
16.18,20
18.39/39
מני 07.
10.48/57
16.39/80
Pennsylvania RR..... 201 Phillips Petroleum 40
.06 up
201
March
16.61b/643 16.60/84
16,50/69
391
.08 up
May...
16.68/68
16.78/78
.01
حرفا
Public Service of N,J. – zał Pure Of...
201
101
11"
Sales for the day:
6.620 tons,
Radio Corpn. of Am. Republle Steel .. ..
ต
7
CHICAGO WHEAT
181
"13
September
Reynold. Tobac "B"
417
42
December
Schenley
18
13
May
€31/64 ...857/68
68/694
644/811
€31/031
473.
Schenley, 5% pid.. 744*
76
Sears Roebuck
721
721
Saturday's Sales:-
884/660
13,469,000 bushels.
*651/651. 691/881
off Of
Shell Union of
16
15
CHICAGO CORN
361*
Socany-Vacuum Oil
147
1412
September
Southern Pacific
183
18).
*+*
December
Southern Rly $3 pfd.
18
171
May
י
521/524 523/523 52/524 498/497 491/494 487/477 511/513
...51/51
OIT
431
Standard Brands
73-
71
323
Stand Gas & Elec.
33*
33
WINNIPEG WHEAT
Standard Oll of N.J.
541
• 541
October
ודי
Stone & Webster ....
91*
91
December
227
Swift International 26)* Technicolor .......
201
May...
23.
221
672/874 68/88 67/671- 677/871 700/701
672/672
unch
671/671
off
701/701
off
Texas Gulf Sulphur 35
351
NEW YORK STRAITS TIN
20th Cent. Fox. Films 244
251
September
do.
Films pí.
·32j*
323*
NY Silver, Official
42.80b/43.00a 42,50b/43,00a 42.50b/43.00a 42-3/4
42-3/4
Union
Carbide &
NY-L'don Cross Rate... 4.88
4.88-1/8
Carbon
821
811
48 *
Union Paciác United Aircraft
88 *
88
274
26
United Airlines Trans
81
82
Dafted Corpn.
21
United Corpn.
$3
354
cum. pí.
31
203*
221
United Gas Corpn.
37
37
CO.)
47 Un. "Gas Tprovem't
U.S. Rubber
101
"10
451 451
*473 U.S. Rubber pf. ......
87.
87
09. Steel
59
58朵
change
Vanadium Warner Bros. Pict....
187
181
6
51
SPOT
24
58+
Westinghouse
Elec. 103
102
OCT.-DEC.
26-7/8 27-1/8 „27-1/2-27-3/4
off 1/3
off 1/8
281.
Woodward Iron Cor. 183*
194
JAN.-MARCH
28-1/2
121*
211
National City Bank Call Money
Chase National Bk 311* 251* 1%
302*
247*
* ex. div
1%
• bid.