uyer Bolibr
$1,450 EAS
EL
234
H.K. Banks
Do. (London) .............. Chartered Banks Moronatila Bk. "A"
£3. DEN "NC" Baak of Bast Asia... N. C. & 8. Banks.....
|1,4574]
ESS £13 £3糊
£13
$88
1225
0235 10
Canton InsuranCSS...................
$810
3620
Kinion Lusarkoses ......
Underwriters.
*
#$219
#110
7/8.
H.E. Firs
Shipping
$76
Idle.
380
Douglases
$13
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers' Association
THE EXCHANGE MARKET
NEW
YORK STOCK EXCHANGE
1938
Kalea
Nominal
FRIDAY, AUGUST 28.
Buyer Sellers Bailonins
Banks
MESSRS. ROZA BROS.
Silver prices rose yesterday: to the extent of 18 for Ready and 1/16 for Forward, the quotations being 19 being 19 14 and 19 1/16 respectively. Shiver advices reported speculators as hating operated both ways. American bought. The American market
steady. Was Silver was quoted at 42 3/4 for Spot.
The London/New York cross- rate was quoted at 488.
Work/London was quoted at 487.
MARKET
STERLING
(Through Renter's Service)
QUOTATIONS
High Low Dow Jones Averages, Aug. 14. High Love Ulowe Chang .145.67 98.90 30 Industrial
$2.77 19.00. 20 Baile 28.50 16.14 20. Utilities th:10 83.39 40 Bands
Aug. 20, 1938.
48.09 .36 ap
FINANCE
143.03
144.36 142.87 144,0
24,25
10.08
29.13 29.1 218 10.37 19.89 20.38
4.82
.00 Up .09 off 17 up 89,36 104 op
SATURDAY, AUGUST 27, 1938
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
39.00. 45.04 11 Commodity ludes
47.60
"
Business Done:
830,000 shares.
STOCKS
Last sale
STOCKS
Last Sale
Aug. 24. 25.
.'". Aug. 24.
25.
Adams Express ................. Alleghany Steel Co.
115
12
Great Western Sugar 261
261*
19
19
Greyhound
Corpn. 174
17}
Allis Chalmers, New
50%
501
Hecker Products
72
74
Amer. Can
****.. 1034
1011
Int. Nickel
50 50+
New York Commodity
Market
Amer: For. Power Amer. & For. $7 pt.
41.
Ent. Tel & Tel...... 4
#91 9
19)
197
Kennecott Copper... 42
*421
Amer, Locomotive'.. Amer. Metals
201
211
Libbey- Owens- Ford
341
351
Glasa
141
14
(THROUGH REUTER'S SERVICE)
$291
Staambusla
$30
500
Indo-Chinas ¿Pref.
No business was reported. There.
Amer. Radiator
161
161
Lockheed Aircraft ...
521
.531
H
913
$9,10
19.10
..
$1904
#7.55 $7.60 17.60/7)|
87.35 $7.45] $7.40°
201 $19.00
1.
$201
$7.15 87 3381
17.40/20)
| 13917|
$10 $8.40
$19.65
24 lodo-Chinna (Ded.)
Shells
Waterbosta
17/0❘ Kailans
$10.10 Rauba
$3
Venezuels Gold Fida.
174 cha Hong Kong Mines.......
i
Docks, WharTOS,
Godawda, eta.
H.K. & K. Wharves... Providenta (old)......................... #Providents (bow).......
1.K. & W. Docks.... Do. (w)......
$130 Shanghai Docks 8.... $3.00 New Enginerings 8.
Laads, Hotels, and
Buildings
H.K. Hotels...........
H.K. Lands.
Do, 4% Debentures
Shanghai Lands 8.
H.K. Roalties
Humphreys
100 Chinese Estatos
Cotton Mills
$24
were sellers at 1/3 August/Novem-
Amer. Rolling Mill...
20)
201
Loew's inc. ......
19
49
+
91/3
$9.15
་་་
Minist
18/6
ber and 1/2 31/32 January/Feb-Amer. Smeiting ruary, buyers at 1/3 1/32" Cash/ November and 1/3 December/Feb-Amer. Tel. & Tel.....
497
491
Martin, Gian L
23
23+
New York, August 25.
High
Low
Prev. Today's Close
Close Change
Amer. Sugar Ring...
233
234
McKesson &. Rob-
New York Cotton
October 8.28 8.22. 8.20 8.24
קט 04.
1451
1451
bins, $3 pt.
241*
351
New York Rubber
Sept.
16.52 16.55 18.40 18.58
.06 QII
:
$10 13
ruary.
U.S. DOLLARS
$130
#130 $3.80
$3.70
Sellers at 30 1/2 August/Septem- ber. possibly October, and 30, 7/16 November/January, buyers at 30 30 12 9/16 Cash/October and November January
Amer. Tobacco "B" 891 Amer. Waterworks ... Anaconda:Copper .....
901
Monsanto Chemical 95
954
Chicago Wheat
Sept.
104
103
Montgomery Ward... 481
481
Chicago Corn
Sept.
351
353
Nat.. Dairy Products :33
131
Winnipeg Wheat
622 60% 62% 521 52 507 51 .517 October 851 631 041 851
up
} up
1 UD
Atchison, T. & S. F. Auburn Motors ......
371
39
Nat Distillers
241
25
41
Nat. Power & Light
1
71
Baltimore & Ohlo....
BA
81
Barber & Co.
203
18
120)
SHANGHAI DOLLARS
Barnsdali O11
$19)
$130
$3.95
it
**
$5.00
$7.20 7.35/201
8.384
$39
#1071
$9.40
་
B27 $0.65
Sandakan Lighis. Telephone (old)........
Telephones (new)......
26/3 Tractions
#9.85
11 Ex. ou Sh.
EWOL (8.)
207
Bhai Cotton (S.) ....-
324
Zooag Sing (8.).......
$42
Wing Ou Textiles (8.)
Public Utilities
1172 $17.4317.40
$17.40
Tramwaya .........
Peak Trama (old)......
Teak Tramis (new).......
$78
Star Ferries
$77
241Y'mati Ferries C.R.B
1243
$24
Do. (Dew)
$24.
$11.60 811 85
$81
China Lights (new).....
China Lights (old).......
$11.85
5612
$611
H.K. Electrics..........
2011
8174
Macao Electrica.....
$9.30
$21
$9.86 24/6
208
#26
$42
$261
816
$8.70 Lane
$17.90)
[6.40/45|
$4,90 Bapos
Consolidated
China Prov. (old).......
China Prov, (DOW)................
Dairy Farms ............................ Ch. Etainments
$10 Constructions (old).....
Constructions (new)........
e Crawfords...anquer
Nanyang Tobacco ........
$2. Sinceres ....
Watsons
Ch.G.5% 1925G.Bda
Miscellaneous
28/3
Tractions (prof.}
Industrials
$14
$14
Cald., Marg. (Prat.) 9.
Cald., Hacg. (Ord-) 8.
81 50
$1.70 Canton ices
Cersenta
18
$18
$4.97
$7.00 87.40
#261 | #281 | 201 $860
31.90
38 $5
82.10
$8.40
74%
R.K. Gort 4% Loans
$106
H.K. Gort. $1% Loans
$60
H.K. Wing Op
350
Hong Kong Bank, $1445.
'8'hai Wing On
Bot
Union Insurance, $505 $510, $520.
$6.95
Vibro Piling
$8,40
19/Marsmans Inv. (Lon.)
Matemana Lov. (H.K)
70 ct Wm. Powells
"Sales to Shanghai -
LONDON EXCHANGE RATES
Union Waterboats, $9.10.
Wharves, $129, $130, $130.
70 cia
Dorks (Old), $20.65 $20. Docks (New), $19.00, $19.65. Providents (Old) $7.30
$7.40.
$7.50, $7.80.
Providents New), $7.10, $7.15,
$7.40.
(British Wireless Service)
Aug. 23.
Parts
Geneva
178-25/84
Aug. 24 178-21/64
Hotels, $6.85 $6.90, $7.10, $7.15.
$7.20. $. $7.40, $7.20,
21.293
21.29
$389.
Berün
121
12.171
Realties, $8, $8.05.
Athens
Milan
92-11/16
921
Copenhagen
Stockholm
18.73
Shanghai
New York
Amsterdam Vienna
Prague
Helsingfors
Bucharest
Hong Kong
Bombay .............
Montreal
Prussels
Yokohama
Sellers
Buenos Aires
Monte Video
3ilver Forward)
Bid
4.78' 15/16
4.88
8.92
à.92-1/16
14:1
..... 28.921
18.971
20.
201
2-27/22
19-3/16
19-5/16 31% 102-13/10
31% 102-13/18
ཙྪི ;
$19.40
13.
Sellers at 176.
SHANGHAI MARKET
Sellers of Sterling at 8.1/2, 0.3.3 sellers at 17.9/32.
IN THE AFTERNOON
The market was very quiet in the afternoon.
STERLING
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 December/February.
U.S. DOLLARS
The market closed with sellers at 30 1/2 August/September. bos- sibly October and 30 7/16 Novem- ber/January, buyers at 30. 9/16 October and 30 1/2 November January
SHANGHAI DOLLARS
·Closed with sellers at 176. SHANGHAI MARKET
Closed with sellers at 8.1/2. US.S. elesed with sellers at 17.9/32.
H.K. STOCK EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
For the past two weeks we have been been able to report a steady market and early this week there was an all-round improvement in rates. The market closes. quiet after some profit taking, but prices are up on last week and the undertone is firm.
BUSINESS DONE DURING THE WEEK
Boeing Airplane Co. Borg-Warner Ertags "M'facturing. Brooklyn-Manhattan
Tran........ Brooklyn Manhattan
$6 cum. pf. Canadian Pacific Case. J.I. Chesapeake & Ohio 31 Chrysler Corpo....... Columbia Ga' & N. Columbia 6% MA” pi... 641′′ Commercial Credit Commonwealth & S Commonwealth & S.
6% cum på.
Corn. Products Curtiss Wright (C.)
Du Pont...
Bethlehem Steel
601
261
351
354
101
30.*
61
934
731 62
492
11
37.
Consolidated Edison
28
Consolidated Cu Continental Can.... Continental Of
91
431
323
701
FS
grams
Curtles Wright "A 23-
Distillers Corpn. Sea-
16)
Douglas Aircraft
49
1331
Eagle Picher Lead 111
Elec. Bend & Share
71
Elec. Bond & Share
$5 pf. Elec. Bond & Share
$6 pl.
49
56
Elre. Power & Light
57 pt Filatkote
.37i
231
Gen. America Trans Gen. Electric Gen. Motors ...
491
121
491
Gen. Railway Signal 214 Glidden Co. Goodrich (B.F.) ...... Goodrich $5 pt.
241
241
581
Goodyear Tire & Co. 294 Great Northern Iron
Ore.
121
ཿཐཱཛོནྣནྟིཏྟཊྛཱ ཙ ཝཉྙཚཛོ ཿཚོ= na7ཡྻཱཏྟཊྚནྡྷསྶ ཛ3ཀྐ སྠཽ ཝཱ ༔ཝཱཊྛོཊྚེ73ཎྞསྶུ
Nat. Supply Corpn. 18)
181
New York Central..
193
191
N. America Aviation North America 'Co.
NEW YORK COTTON
Close
91
91
Opening
Closing
Change
201
201
October
8.20/20
8.23/23
8.21/24
Northem Pacide "... Pacific Gas & Elec Pacific Lighting ......
121
131
December
8.28/29
8.30/30
8.30/30
.04 up 02 up
201
261
January
(1939)
8.28 N
8.30/29
8.29 N
.01 up
301
371
March
(
8.28/28
8.27/28
8.27/27
.01 up
Packard Motors
51
51
May
8.26/26
8.27/26
8.25/25
Paramount Pictures .10)
108
July
8.23/24
8.24/24
8.23/23
01 of
wich
Pennsylvania R.R.... 201
Spot 21
8.32
8.36
.04. up
Phillips, Petroleum ...
381
39%
Public Service of N.
291
30
NEW YORK RUBBER
Pure Oll
11
102
September
16.58/58
Radio Corpn. of Am.
78
B
December
Republic Steel
19
191
Reynold Tabac. "B" "42
411
March...
May
16.47/48
16.52/52 16.74/78 18.83/65 18.70/71 16.89/90 16.80/78 18.95/95
.00 off
1.04 off
16.85/85 16.93/95
.04 Of
.02 off
Schenley
182
181
Schenley, 51% pfd...
75 *
75 *
Sales for the, day--
3,330 tons.
Sears Roebuck
74
7311
Shell Union Oll...
161
161
CHICAGO WHEAT,
Socony-Vacunci Oil
141
144
September
Southern Pacific
198
20
December
Southern Rly $5 pfd.
19
20.,
May ..
62/617 64/637 -663/681
611/613 64/837
621/621 ..641/643
up
+
67/671-
€58.
up
up
Standard Brands
73
71
Friday's Sales:-
27.024.000 bushels.
Stand Gas & Elec.
+
4
Standard Oll of N.J.
541
$51
Stone & Webster ...
104.
10
CHICAGO CORN
5
Swift Internationa: 271
.271*
September
Technicolo:
234
221*
December
51/51 481/483
514/511 517/52
up
487/482
Texas Gulf Sulphur 37
361
May
... 51/51.
491/49% 517/517
1
up
1. up
20th Cent. Fox. Films
254
251:
do
Films pl....
331
331*
WINNIPEG WHEAT
Unloo
Carbide
844.
84
October
641/65
65/641
Carbon
Union Pacific
911
92
December
64/844
United Aircraft.
271
271
May
674/671
65/651 641/847 647/641 671/677
up
up
United Airlines Trans 9
01
United Corpn.
21
23
NEW YORK STRAITS TIN
United
Corpn...$3
September. "..."
43.60 N
43.05b/50-43.20 N
cum. pt.
324
323
United
Gas Corpn.
31
37
NY Silver, Official .... 48.-3/4 NY-L'don Cross Rate... 4.88-5/16
42-3/4 4.87-7/8
Un. Gas Tprovem❜t
10
103
U.S. Rubber
482
474
2.
U.S. Rubber pf.
88A
831
US. Steel
601
BLA
Vanadium
198
20
Warner Bros. Pict...
61
6
Westinghouse
Elec. 104
1051
Woodward Iron Cor. 20
20
4.
Chase National BK 217*
31 *
Great Northern Riy. 221
| Call Money
ex. div
National City Bank 254 25
1% 1%
• bid
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER.
Pad
Silver (Spot) War Loan
ON LONDON:
2269 670
1/2 31/32
1/5-59/04d 4.897
Closing Quotations
August 26, 1985.
Telegraphic Transfer... 1/37 Bank Bills, ou demand Credits, 4 months' night.
ON BHANGHAI:-
On demand
UN SINGAPORE
On demand
38. JAPAN:-
On demand
Talegraphic Transfer.
ON NEW TOK:-
1-5d 53/64 4.89-1/16 28.904
191 19-1/15
Bank Bills, on demand. 301 Credita, 60 days' sight 201 On Batavia
On demand
ON: PARLE
Bank Bilis, on demand 1,095 Credits, 4 months' aight 1,180
Of' Brigor:
ON-MANILA-
NEXT QUARTER'S RUBBER QUOTA MAY REMAIN UNCHANGED
anticipations ranging Lands ex. div. $38, $381, $281, Singapore Free Press.
"
On the whole the American figures for July can be consider- 32,2000 tons, against Consumption totalled ed 'satisfactory.
tens, 34,000
writes the from 32,000 to the actual figure was more in line with the ex- Admittedly pectations of the less optimistic observers and this can be taken for the current Tramways $17.20 $17.35, $17.40, to indicate that the estimates of 37.000 tons
$17.50, $17.40. Star Ferries, 378.
China-Lights (Old), $111. $11.80. Electrics, $14.
Telephones (Old), $27. Telephones (New), $9.€5. Cements. $17.55 $17.60, $17.85.
$18, $17.95, $17.90
Ropes, $5, $4.90.
Dairy Farms, $254. $261, $284.
Watsons. $8.05, 58.20, $8.40, $8.45.clined during July by 9.700 tons Marsmans. (London), 13/75.- against the maximum 8,000 tons Maramans (H. K.), 3,8.
and minimum 8.000 tons estima 3.15 pm. CHANGES (CLOSING ted.
QUOTATIONS
BUYERS
Wharves $1301. Humplireyi, 302.
Dairy Farms, $262.
SALES
Wharves $1301,
Lands, $381. Dairy Farms, $261/4.
A.K SHAREBROKERS' ASSOCIATION BUYERS
Unions, 3515. Wharves, $130,
Entertainments, $6.60.
Sandakan Lights, $9.
Lands."5384.
Electrics, $13.
Dairy Farms, $264.
On demand
109,
On demand
800
On demand ..
1499
Haväreign Notes-
"Bank Buying Rate.
1/8-1/16
ON BANGKOK!
SELLERS China Lights (Old), $113.
FALES Providents (Old), $3.80, Lands, $381,
to consider
SPOT OCT.-DEC.
JAN.-MARCH
August 24
August 25
buyers
27-3/8
28
sellers buyers sellers 27-5/8" 27-5/8" 27-7/8 28-1/4
28-1/8 28-3/8 28-5/8, 28-7/8 28-3/4 20
Change
-up 1/4
up 1/8
up 1/8
The market opened with prices unchanged for all deliveries as compared with Wednesday's closing quotations.
The market ruled dull and quiet during the day; although de- mand for "spot" Rubber was fair. Only small buying Interest for. trade and speculative accounts was in evidence, whilst the market seems to consolidate its recent gains.
Later in the session prices slightly declined by cent due to pront-taking and trade-hedging, the market closing with a quiet
As one of the leading industrial commodities Rubber has been fact the action of the Security-markets, particularly in USA., con- tinues to furnish the cue to Rubber price movements for the time being. Although the recent price-advance has been considerable, Rubber-circles anticipate a continuation of the upward trend, but advise "confining purchases to periods of market easiness.
LONDON RUBBER
Today's close sellers buyers
month and 40,000 tons for September are also over-optimistic.
Howe.er, if August consump-rate at which stocks will proba-undertone. tion in America only accounts for bly be absorbed during the last 34.8000 tons and September 38,000 quarter of the year it is not highly responsive to general business developments. In view of this
that tons, the total of 105,000 tons for unreasonable the quarter, which seemed rather the Committee may decide that too good to be true when it was the release can be increased by
been a ave per cent. without any dan first suggested, will have
stocks de-ger of causing a break in price. attained American
BÁSIC QUOTAS NEXT YEAR It must be remembered, how- countries. ever, that regulated basic quotas, are considerably in It also
seems probable creased under the extension of that world stocks at the end of the restriction scheme from Jan-
Excluding JAN.-MARCH have in Juary 1. next year. July will not prove to creased by much more than 2000 Slam. the total increase in quotas
After ruling easier on profit-taking, the market close quiet. tons. In view of the fact that for the year amounts to 169.250 14,000 tons. of toas. That is to say. a 50 per approximately
release during the first not previously included cent. stocks.
the world stock total, were quarter of next year would Über- shipped from the Netherland In-late 4,000 tons monthly in ex-
the month. this cess or the same rate of release out the day, with near months relatively firmer than distants, refect- dies, during
thising the absence of offerings from the South, where producers are slight increase in world stocks during the last quarter of
confident. Trade shorts were inclined to cover. Twards the close, at July 31 Is distinctly encourar-year,
the market steadied up in sympathy with securities, but reacted partially due to realising just before the close.
In
פתן
now
NEXT QUARTER'S
RELEASE
It can hardly be argued that the anticipated increase in world absorption and consequent con-
ad
SPOT OCT.-DEC.
Previous close
buyers
sellers
B-1/16
8-1/8
...."8-3/16
8 8-1/16 8-1/8 8-1/42
8-1/18
Change OT 1/18
8-1/8
off. 1/8
off 1/8
8.1/4 8-1/4 8-5/18
NEW YORK COTTON
Traders were disappointed owing to the, absence of y announ- cement regarding the Government loan. Prices were steady through-
NEW YORK RUBBER
It seems almost certain that, traction in stocks warrants from now on, total world stocks increase in supplies of nearly 1.000. outside regulated areas will de- tons monthly next quarter and downwards owing to absence of demand. Later, however, the market
cline
steadily month by month, a further 7.000, tons monthly in up to 15,000 tons monthly, the the following quarter. It also release decline accelerating towards the seems unlikely that the Commit end of the year: providing the tee will. increase the
cent. for next release is maintained at 45 per to 50 per
there quarter 12
cent.
Early in the session the market was quiet and prices drifted
improved, but prices could not recover the early losses.
CHICAGO WHEAT
The market eased under the leadership of Winnipeg. Increased
to any general selling, estimated production in Canada and the late setback
wheat
An increase to 50 per cent. likelihood of its being forced in Liverpool were further depressing factors Finally, the market
and prices closed higher than the previous day's close. would only release a further 6,800 to reduce the release again for railled on reports that the Brussels Government was buying tons monthly and. in view of the the first quarter of next year