.STOCKS
$500
$2
$219
$BC
$29
Underwriters
***
3236 $500
18.
Adams Express ................ Alleghany Steel Co Allis Chalmers ........ Amer. Can
$9
MARKET
Amer. & For. Power
#210
Stagnant.
Amer. & For. $7 pf.
Shipping
STERLING
*
$75
$23
$80
124
lado-Chinas (Del.)......
$24
91/3
91/3
Sholla
$9.10
Waterbosta
$9.15
1/3
No business was reported. There were sellers at 1/3 August/Novem-Amer. Radiator...... bet and 1/2 31/32 January/Feb-Amer. Rolling MI"... ruary, buyers at 1/3 1/32 Cash/
December: November and
Amer, Locomotive... Amer. Metals
PAGE. 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS
·Hong Kong Stock
Exchange
Buyer Ballo Sal Dominat
$1,450
+683
iii
£13
238
THURSDAY, AUGUST 25.
Sharebrokers'
Banka
fi.K. Banks
Do. (London)
Chartered Banks
Marcantile Bka. "A"
£13 Mercantile Bks. "C"
188
· 180
Baak of East Asia...
N. C. & 8. Banks
Insurances
Canton Insurances.............
Union Insurančes
1.E. Fires ...........
Douglases ......||
Steamboatə ....................................
Indo-Chinas (Prof.)....
Association
Buyers Sellers
Mili
Salveolinal
$1,450
£884
£13
£13
$58.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices dropped 3/16 yes- terday for the both deliveries, the quotations being 10 1/8 for Ready Silver "ad- and 19 for Forward. vices reported sales made by India and speculators. American' trade The market was steady. bought. American Sliver was quoted at 42. 3/4 for Spot.
cross- The London/New York rate was quoted at 488.25.
New York/London was quoted at 488.3.
FINANCE
NEW YORK
STOCK EXCHANGE"
(Through Reuter's Servics)
QUOTATIONS
* 1948 Higu Low Dow Jones Averages, 145.87 98.3 Industrials
$3,77 1900 20 Baile 21.54 15.14 20 Unilime 98.70. 83.39 4 Bonds
Aug. 26, 1938, Aug. 23. High Low CloseChang
145.30 143.28 143.53.17 off 29.71 98.16 29,25 .29 up 20.30 20.00 20.09
-143,70
28.08
20.11
80.07
58.00 45.83 11 Jomality Judex 47.88
Business Duno;—1,340,000 shares,
FRIDAY, AUGUST 26, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG.
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
88.32
.43 of 26 ap
47,60 22 off
¡
Last Sale Aug. 23. 24. 111 113
19 183 51
STOCKS
Last Sale
Aug. 23. 24.
Great Western Sugar 261 Greyhound
261
Carpin 171
171
503
Hecker Products
71*
73
103)
1034
Int. Nickel .....
31
4A
Int. Tel. & Tel. .....
197
191
Kennecott Copper ...
201
20%
Libbey- Owens- Ford
34
Glass
163
161
Lockheed Aircraft
202
201
Loew's Inc. ...
Amer. Smelting
49
Mbalag
February.
18/8
$7.86
$7.40
$20 65 $19.65
$7.39
8130
$139
Kilam
10.30 Rauba....
Venezuela Goid Fide
17 cta. Hong Kong Hines......
Docks, WharTIN.......
Godawns, sta.
H.K. & E. Wharves... $129
Providenta fold).........
Providents (paW} ...................
H.K. & W Decks....
Do. (W)......
$130 Shanghai Docks B..... $290 New Engineerings 8.1 Lands, Hotels, and
Building
H., Hotala
1.K. Landa.......8..
$1073 Do: 4% Debentures $5.4) Shanghai Landa S.
ILK. Realies
Humphreys
$100 Chincas Estates
Cotton Mill
16/6
U.S. DOLLARS
*3
::
"
$3,80 $3.70"
$901
$19
$125
14
sellers at 17.9/32.
$71
$381
A
1381
30 1/2 There were sellers at August/October and 30 7/16 No- vember January, buyers at 30 9/16 Cash/October and 30 1/2 Decem- ber:January.
SHANGHAI DOLLARS Closed with sellers at 175 1/2 SHANGHAI MARKET Sterling, sellers at 8.1/2.
IN THE AFTERNOON The market was quiet in the afternoon.
STERLING
Amer. Sugar Ring. Amen Tel. & Tel Amer. Tobacco "B"
24
235
Martin, Glen L...... 491
McKesson &
Rob-
*145
1451
bina. $3 pi............. 35
884
89+
Monsanto Chemical 061
Amer. Waterworks ... Anaconda Copper Atchison, T. & 8. Ft.
101
101
Montgomery Ward
351 38
351
Nat Dairy Products 14
371
Nat Distillers ........
Auburn Motora Baltimore & Ohlo Barber & Co.
31* 41 81 201 203
Nat. Power & Light
-81
Nat. Supply Corpn. 18
*** =38 8 7 1 7 7 -
501
50
83
42
321
141
481
49
New York, August 24.
231
234
New York Cotton.
New York Rubber.
10.70
Prev. Today's High Low Close Close Change
October 8.29 8.20 8.26 8.20 .06 off
16.54 16.57 Sept.
16.58
.04 up
347*
Chicago Wheat-
Sept.
644 811 631
62
11 off
95
Chicago Corn
Sept.
523
51
$28
51
it "off
481
481
Winnipeg Wheat
October
633
641.
671
811
21 off
137
241
13
NEW YORK COTTON
Close
Opening
Closing
Change
New York Central... 194
193
October
8.26/26
8.24/25
8,20/20
.06 off
Barnsdali On
187 182
N. America Aviation
'91
December
8.34/34
832/32
8.28/29
.08 oft
602
60.1
Bethlehem Steel
North America Co. 201
201
U.S.S.
יו
Boeing Airplane Co. Borg-Warner ......... Briggs Mfacturing- Brooklyn-Manhattan
201
January 11039)
... 8.34 N
8.32/32
8.28 N
.08 of
261
Northern Pacific...
121
121
March
..
}
8.34/34
8.32/32
8.26/26
.08 off
34+ 35+ 354
351
Pacific Gas & Elec
264
201
May
1
8.33/33
8.31/31
8.26/26
.07 off
Pacific Lighting ............
371
361
July
8.31/31
8.28/28
8.23/24
.08 off
Packard Motors .....
51
51
Trans.
101 101
Paramount Pictures 10
101
Spot **
8.38
8.32
...00 of
$1074
$6.40
The market closed with sellers at 1/3 August/November änd 1/2 Canadian Pacific ...... 31/32 January/February, buyers at 1/3 1/32 Cash/November and 1/3 December, February.
Brooklyn-Manhattan
so cum. pr.
Pennsylvania R.R...
197
..201
NEW YORK RUBBER .
30 *
30*
Phillips Pétroleum ...
401
391
September
18.54/54
18.70/88
16.58/58
.04 up
62
Public Service of N.J.
293*
291
December
18.69/73
15.80/83
15.74/78
.05 up
Case. JI
921
93
Pure Oll
111
11
March
16.82/83
18.99/97
18:89/90
.07' up
$19) Ex. on Sh
Ewo (S.) *****
#07
S'hai Cotton (8.).....
Zoong Sings (8.).......
342
Wing On Textiles (8.)
$191 $87 $244 $42
U.S. DOLLARS
Public Utilities
517.40
$17.46
17.40/50
Tramways
17/45
Peak Trams (old).....
."?
The market closed with sellers at 30 1/2 August/October and 30 7/18 November/January, buyers at 30 9/10 Cash/October and 30 1/9 December/January.
Peak Trams
(DW).
134
$79
Star Farrios
#77)
AL
$24
1611
$18
89,30 $17 $9.65
Y'mati Parrian C.R$
Do
China Lights (ald)....... China Lights (new)............... H.K. Electrics.......... Macao Electrica ......................... Sandaken Lights
Telephones (old).
28/3 ITctions
124)
(Dew)
$24
$11.85
881
**
Telaplines (new}................
$9.65
24/8
226/3
Tractions (ptof.]
7
Industrials
$14
Cald., Macg (Ord) 8.
$13
Cald., Macg. (Praf.) 8.
+
$1.70 Canton Ices
$1.50
$17.85
17.96/1/B..
$4.30
Cemente
Consolidated
China Prov. (old)........ Chinn Prov. (new)................ MiscellaneouF
$17.95
$7.60 87.40
SHANGHAI DOLLARS Closed with sellers at 175 1/2.
SHANGHAI MARKET
Sterling closed" with sellers at
8.17/32. U.S.$. closed with sellers
at 17.11/32 for Spot.
H.K. STOCK
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
11
Investment stocks remain firm
Chesapeake & Ohio 31 Chrysler Corpo. .... Columbia Gas & El, Columbia 6% "A" pt. 831* Commercial Credit... 49 Commonwealth & 8. Commonwealth & 8.
6% cum pt,
311
Radio Corpn. of Am.
11
71
May
16.91/02
18.95/95
.64 up
75%
751
Republic Steel..
·18%
19
Sales for the day!-
4.510 tons.
67
મ
Reynold Tabac. "B"
42.
421
641*
Schenley
18+
183
CHICAGO WHEAT
491
Schenley, 5% pfa...
75 *
75
14
11
Sears Roebuck......
731
74
September
631/633
61/848-
62/611
77 of
December
651/657
66/661
84/631
11 off
Shell Union Ou
181
161
May
681/681
661/661
11 off
37
37
Bocony-Vacuum. Oil
142
151
Consolidated Edison 278.
28
Southern Pacific
191
191
Tuesday's Sales:-
13,813,000 bushels.
Consolidated Op.
$3
91
Southern Riy $5 pfd.
18
19
CHICAGO CORN
Continental Can
44.
43)
Standard Brands ...
77
72
Continental On
331]
329
Stand Gas & Elec.
4
4
September
521/521
521/521
51/51
11 of
Corn. Products
691
70
Standard Oil of N.J. 551
541
December
491/49
49+/49+"
492/481
1.of
Curtiss Wright (C.)
51
51
Stone & Webster...
10
101
May.....
51/511
51/51
I off
Curtias Wright "A 23
231
Swift International 27
271
WINNIPEG WHEAT
Distillers Corpn. Ben-
Technicolor
23)
231
October
grams
164
10%
Texas Gulf Sulphur 36
37
671/671
878/674
641/65
21 ou
December
Douglas Aircraft
49
49
20th Cent. Fox. Films
251
25
661/667
67/503
64/641
27 of
Du Pont
1337
1331
do. Flims pf.
-334
332
May
70/701
671/671
off
Eagle Picher Lead 104
11+
Union
Carbide &
Elec. Bond & Share
74
74
Carbon .....
841
841
#Elec, Bond & Share
Union Pacific......... 017
NEW YORK STRAITS TIN September
......
42.75 N
42,95b/43.401 43.60 N
911
48
40
55 pf.
United Aircraft .......
274
.27
NY Silver. Official ... ... 42-3/4 NY-L'don Gross Rate... 4.66.
42-3/4 4.89-5/16
Elec. Bond & Share
United Airlines, Trans
91
9
58 pf.
55
56"
Välted Corpn. ......
81
23
but prices eased slightly on pront- taking in other counters."
Elec. Power & Light
United Corpn. $3
ST DI..........
Flintkote .........197
371 241
374
cum. `pf.
32
321
United Gas Corpn. 237
4
37
Dairy FarmS ........ Ch. F'tainments $0.56
$26
BUYERS
Hong Kong Bank, $1450.
Gen. America Trans 471
494
Un. Gas Tprovem't 101
101
Gen. Electric .........
.421
424
US. Rubber
461
481
$1.00 Constructions (old).....
$1,90
Hong Kong Bank (Lon.), £88).
Gen. Motors
49)
494
US. Rubber pt.
901
884
Constructions (new).........
Canton Insurance, $225.
$8.70 | Lane Crawfords. ...
18
Gen. Railway Signal 201
214
U.S. Steel
397
601
Nanyang Tobaco ...........
$3.20 Braceres
i i i
Union Insurance, $510.
Glidden Co.
24+
341
Vanadium
191
181
32.10
H. K. Fire Insurance, $210.
Goodrich (BF) .......241
242
Warner Bros. Pict....
0%
$8.30
Watsona
18.10
Union Waterboats, $9.10.
Goodrich $5 pl
58
587
Westinghouse Elec. 103)
104
72}*
Ch. G.5% 19250.#Eds.
·
731X
H.K. Gort. 1% Lower $106
.
H. K. & K Wharves, $129. H. K. Docks (Old), $20.85.
Goodyear Tire & Co. 29
291
Woodward Iron Cor. 20
20
August 24
H.K. Gort 34% Logas
$101)
$60
H:K. Wing On.......
H. K. Docks (New). $19,65.
Great Northern Iron
Ore
121
122
Chase National Ek 251* National City Bank 31 *
251*
Change
317*
SPOT
up 1/4
950
B'hai Wing on.... ****
351
H. & S. Hotels; $7ł..
Great Northern Riy. 201
221
Call Money
1%
·1%
OCT.-DEC.
$6.95
Vibra Piling
$8.40
H. K. Lands, $38.
ex div.
فلد •
JAN.-MARCH...
19/6
Marumana Inv. (Lop.)
3/8
Maramana Inv. (H.K.)
70 ot. Wm Powells
*Sales to Shanghai
LONDON EXCHANGE
Paris
Седеча
Berlin
(British Wireless Service)
Aug. 22
178-37/64
170 ct.
RATES
Aug. 23. 178-25/64 $21.292
12
92-11/16
Humphreys, $91,
H. K. Realties, $8. H. K. Tramways, $17:45. Peak Trams (Old), $84. China Lights (Old). $112, China Lights (New), $84. H. K. Electrics. $014. Sandakan Lights, $9.30. Telephones (Old), $27. Telephones (New), $9.65. Cements, $17:85.
Dairy Farms, $264.- Watsons, $8.30.
Philippine
Mining News
AGNO CONSOLIDATED Gold Dredging Co., Inc., has at present negotiations with the American Smelting Company in the United Sh.States for the latter firm to make inspection of the placer property
Ewo Cottons: $191 Exch on H K Govt. 4 per cent Loan
per cent pm.
H. K. Govt. 34 per cent Loan, 1
per cent pm.
Providents (Old), $7.85.
H. & S. Hotels, $7.35. Macão Eléctrics $18. Vibro Piling. $5.85. SALES
21.30
12.184
Athens
Millan
921
Coper.hagen
Stockholm
18.73
Shanghat
bid
New York
4.88-1/16
Amsterdam
8.92
4.78 15/18 8.92
Vienna ciuta
Prague.....
1412
Helsingfors
2261
Bucharest
670
Hong Kon
1/2 31/32
Bombay
1/5-59/64d
Montreal
4.891
Prussels
23.931
4.89% 28.921
H: & 8. Hotels, $7.40/4.
H. K... Lands, $381/1.
Yokohama
H. K. Tramways, $17.40,
Sellers
H. K. Electrics, $81.
Buenos Aires
18.971
Monte Video
120,
2-27/32
19-3/16
19-5/10
342 1023
Rid
3ilver (Forward)
Silver (Spot)..........
War Loan
UN LONDON:
Closing Quotations
August 5, 13Í.
Telegraphic Transfor... Bank Bills, on demod1/
Credits, 4 months' sight 1/3)
ON SHANGHAI 1-----
On demand
UN SINGAPORE :---
On demand
6 JAPANISH
On
demand
INDIA :- Telegraphic Transfer...
c. deman
ON NEW YORK:-
19-3/16 19-5/16
34% 102-13/18
Bank Bills, on demand 201 Credits, 60 days' nigha 201
OS BATAYIA;-
.
On demand....
ON PARIS:-
10 κατα
Bank Bills, on demand 1,095 Credits, 4 months' night 1,180-
ON SALGON:
On demand....osezamı
100
ON MANILA:
On demand
ON BANGEOT
On demand..zzzornetsei
Soreign Notes
$83 3/16
Bank Buying Rate.....
Silver DEP DE
Union Insurance, $510. Providents (Old), $7.60. Providents (New), $7.49,"
Cements, $17.00
DEVELOPING WHITE FISH INDUSTRY
Commission
Appointed
COMMODITY MARKET REVIEW
*
(FROM PAYNE & CO.)
SINGAPORE RUBBER
buyers sellers 27-3/8 27-5/8-
August 23 buyers sellers 27-1/8 27-3/8 27-5/8 27-7/8 28 23-1/4 23/1/2
28-1/4 up 3/8 28-5/8-38-7/6
up 3/8
Acting upon very steady advices received from London and New York the market opened 1/2 of a cent higher for all deliveries as compared with Tuesday's closing rates.
"
Throughout the session the market displayed a firm undertone. Substantial buying of "actuals' caused prices for immediate delivery to advance by 1/8 cent early in the session, whilst large enquiries for distant positions by dealers and speculators were responsible for sel- lers adopting a reserved attitude. In view of this fact it was difficult to arrange business, and such business as was transacted, could only be done at a premium over quoted rates.
Subsequently prices advanced by 1/8 cent for all forward options." the market closing with a steady undertone at the higher price-level The "improved sentiment reflected expectations of a large increase in American Motor-car production coupled with a good demand for
of Agno Consolidated along the
The Minister of Agriculture and tire-replacements, all of which would appear to justify anticipations Agno river in Pangasinan. Twoj American engineers are now work-Fisheries, Mr. Morrison, and the of much, improved Rubber-consumption with resultant lower World- ing on a property near Ago Con- Secretary for Scotland, Col. Col-stocks and higher prices during the remainder of this year. solidated drilling holes
One of them, R. J. Edmonds, is a
direct representative of the Amert-
ville, have appointed the following
to be members of the White Fish Commission constituted under the
can smelting, while the other, Sea Fish Industry Act, 1936:
R. Plumb. contacted the firm for the property.""
w
LONDON BUBBER
Previous dose. Today's close.
buyera sellers buyers sellers Change
8-1/8 8-1/16 8-1/8 8-3/16 OCT.-DEC. JAN,-MARCH
... 8-3/16. 8-1/4 Market very steady, Fair business.
8-1/18 8-1/8 ..8-3/16 8-1/4
8-1/4
unch. up 1/16
8-5/18
up 1/16
NEW YORK COTTON
Sir William Falin Elderton, chair-5 BOT The Hammon Engineering Coman, who is an expert in actuarial pany of California which did some problems and chairman of the British Insurance Association. He exploration on the property Bome-
time last year has given up its is 61,
option to operate the property,
Mr. Henry Gascoren Maurice
It was stated that goid is present vice-chairman, who has been in
Early in the session, selling by Liverpool on differences was met.
in the river bed of the property but charge of the Fisheries Department by local buying on less favourable weekly weather reports. Later,
(Prices Below in Phil Currency is at very fine nature. The chief of the Ministry of Agriculture and prices eased in sympathy with wheat and liquidation by the buyers
Antamoks Ps., 371
Atoks, 35
Baguio Gold. .24
Benguet Consol., 11.40 Coco Grove, .45
Demonstrationis 29 IXL. .65
Paracale Gumaus, „13) San Mauricio, 57
Sufoc Consol.. .18 United Paracales, 334
A.K. SHAREBROKERS'
ASSOCIATION BUYERS
Unions, $510.
Waterboats, 0,15.
Wharves, $130.
Providents (Old), $3.75.
Hotels, $7.20.
149
Lands, $381.
1/3-1/16
Trams, 1740,
101
problem or Agnó Consolidated Fisheries since 1912. He is 84.
how to save this kind of gold and make it pay for the firm to dó
|it, it was reported.
Peak Trams (Oia), $62. Yaumati Ferries (Old)...244. Electrics. $81. Entertainments, $3.55.
SELLERS
Cements, $18. Providents (Old) Consol., 57.60.
BALES
Wharves, $130, Providenta (Old), $3,80.
Hotels, $7,25,
Lands, $38.
Trams, $1740.
Telephones (Old), 327.
Cements, $18.
Providents (Old) Consol. $7.60.
Providents (New) Consol, $7.40.
Prof. Alexander Gray, Professor
of Political Economy and Mercan-
early in the day.
4
NEW YORK RUBBER
The market responded to steady cables from abroad and also in tile Law at the University of Edin-sympathy with the firmness of securities. Prices during the day. burgh since 1935. He is 54.
touched a new high-level and trading was active throughout the sea-
!
Mr. George Dallas, a member ofson, a good demand from Commission houses. Subsequently, the the National Council of Agriculture market partially, reacted on Trade hedging and pront-taking.
CHICAGO WHEAT. for England and chairman of the National Labour Party Committee on Agricultural and. Rural Pro- blems. He is 59:
Mr. Thomas Darling, «
The task of the White Fish Com- mission is to keep generally under review matters relating to the white fish industry and to advise and as-
Prices declined sharply on the heaviness of the Winnipeg market and on uncertainty in connection with the negotiations with Canada with regard to the Government export subsidy plans. The early up- tum in sympathy, with securities encountered professional opposition and this was followed by stop-loss selling and hedging.
sist the Ministers in regard thereto. | character concerning the reorgani-¡is M. R. G. R, Wall, and the
சா.
It also has specific functions sation and development of the Commission's offices are at No. 6 and 7. Old Palace-yard, Westmin- entrusted to it of an important white fish industry and trade. administrative
and constructive The secretary of the Commission ster, BW. 1.