HAIPHONG HAMBURG, HANKOW HARBIN
MRUAN
(Bhuket)
NEW YORK, TSINGTAO PRIPING YOKOHAMA
1,4071
£584
£13
£28
£13
$88
$295 $516
8310
Quiet.
$75
$13
$80
There
1024
91/3
$9.15
19.10
:
!!!!
#!/
18/8
$10
30 38 November/December.
$130
Elt
13.80
$3.70
-A
#901
$20)
$19
SIDA
1130
$3.95
Sellers at 176.
#
$7.18
$7.20
138
#
$384
$39
܃
13,90 39)
#97
Pablic Utilities
17.45
17.46
***
***
::
Do.
(new)
3011
$17
$1.30
$0.05
$1071
$5.90
录
.:
$19.40
$18
#26
$49
101
13+
$77
-8942
$24
st
$81; cum.d.
327 $9.65
24.0
$17.40
SHANGHAI MARKET
Sterling 8.1/2 sellers. U.S.$. 17.1/4 Spot.
IN THE AFTERNOON
The market was easter in the afternoon.
STERLING
Business, was reported at 1/3 November and October. "The mar- ket closed with sellers at 1/2 31/32 August/December and 1/2 15/16 January February, buyers at 1/3 1/32 Cash/September and 1/3 October/December.
U.S. DOLLARS
The market closed with sellers at 30 3/8 September/November and 30 5/16 December/January buyers at 30 1/2 Cash and 30 7/16 September/December.
PAGE 12-HONG KONG DAILY PRESS
DAILY
SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers'
Association
Buyers Bellors Sales Nominal
MONDAY, AUGUST 29.
Buyers Seller Saled totala
8295
$612
32
$210
Banks
aga
Insurances
$10 Ex. OD Sh.
($1,450|H.K. Banks
E88 £13
Do. (London) ..... Chartered Bsaks ......... 218 Marcaasim Bka “A” 213 Mercantile Bk. "C" Bank of East Amin ... N. C. & S. Banks....
Canton EnsurKICOS..
Union InsarBATES PA
Underwriters *********
LE Firea
Shipping
182 Douglas
$13) Steamboats
300 Indo-Chinas [Prof.)........
124 Indo-Chinas (Def.)...............
91/3 Sheila maakumek man
Waterboats
17/0 Ksilaps
Mining
310.10 Raubs ....................
Venezuala Gold Fida.
17 eta Hong Kong Mixes......
Docks, WharTRE,
Godowns, sta
H.K. & K. Wharva... $130
$7.60 Providszta (old)......... 37.45 Providenta (Dew)...............
H.K&W Docks....
Do.
$180 Shanghai Docks 8...... $3,90 New Engineeringa 8.
Lands, Hotels, and Beildiars
H.K. Hotel
HK Lando..........
$107 Do.4% Debartures $8.49 Shanghai Lands 8. H.K. Realties Humphreysuomeni
1100 Chinese Estates
Cotton Mills
(Ewon (8.)
*******
S'hai Cotions (8.).....
324 Zoong Singa (8.) -***
Wing On Textile (8.)
{Tramways ...........
Peak Trams (old)......
$31 Fook Trans (30W)..........
$78 Star Forries
-324; Y'mati Ferries C.R.$
324
$11.5 China Lights (ald)...... 381 Chin Lighta (new).....
H.K. Electrics -
Macao Electric
Sandakan Lights.......... Telephones (old).
Taleplanes (new)......
26) Tractions
!!
141 $
!!!!
THE EXCHANGE MARKET
1
.
MESSRS. ROZA BROS.
Silver price were unchanged over the week-end for both deliveries. the quotations being 19 3/16 for Ready and 19. 1/8 for Forward. Silver advices reported speculators as having, bought and India sold. The market was steady. American Silver was quoted at 42 3/4 for Spot.
The London New York cross- New rate was quoted at 487.31. York London was quoted at 487.5/ 18.
STERLING
tellers were
at
FINANCE
NEW YORK STOCK EXCHANGE
{Through Renter's Service)
92.70 83.39 42 Bonds
QUOTATIONS
59.00 46.03 11 Commodity Index. 43.10
August/November and 1/2 31/32
December/January, buyers at 1/3-Amer. Smelting 1/32 Cash/November and 1/3 De- cember/January.
US, DOLLARS
Business Done:—350,000 sbarvo,
1018
Aug. 28, 1938.
High Low Dow Jones Averages, Aug. 26. High Low Close, Chang 145.87 98.95 30 Industriais
14240 141.39 141.05 32.77 19.00 90 Rails
29.08 98.68 28.71 $2.50 15.14 20 Utilit
19.98 19.81 19.89 99.27 unquoted
141.80
.74 off
29.96
.55.of
20.12. 89.38
Shy off
.11 of
STOCKS
Lust Sale Aug. 26. 27
STOCKS
Adams Express .......
121 112*
Last Sale Aug. 26. 27 Great Western Sugar 263 263
Alleghany Steel Co.. Allis Chalmers
191
19
Greyhound
Corpo 174
17
491
· 49 -
Hecker Froducta
7
i) 71
Authorised Capital $50,000,000
Ame:.. Can
09)
93,
Int. Nickel
501
491
Issued & Fully Paid-Up #20,000,000 Reserve Funds;
MARKET
Amer. & For. Power
31
Int. Tel & Tel.
83*
81
Amer. For. 37 pt. 19
19
Kennecott Copper...
11
414
Sterling
....£ 8,500,000
Amer. Locomotive ...
21
20
Libbey Owens- Ford
Amer. Metals
331
35+
Glass
53
52
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
$20,000,000
1/3
Amer. Radiator ......
18)"
151
Lockheed Aircraft
143
14
Amer, Rolling Mill...
201
19+
Loew's Inc.
491
491
Head Office:-HONG KONG
48
471
Martin, Glen L
231
221
Amer. Sugar Ring
231
. 23*
McKesson & Rob-
Board of Directors.
Amer. TeL & Tel
145
1432
bins. $3 pt.
354
351
T. E. Pearce, Esq., Chairman. Hon. Mr. J. J. Patarion,
Amer. Tobacco "B" 901
39
Monsanto Chemical 964
951
Amer. Waterworks ...
101
104
Montgomery Ward... 471
471"
The market opened with sellers
Anaconda Copper 311
342
Nat. Dairy Products 131
134
at 30 7/16 September/October and
The
Atchison, T. & 3. Ft. 371 Auburn Motors
38+
Nat." Distillers
25
241
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon Mr. S. H. Dodwell,
TUESDAY, AUGUST 30, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
BANKS
HONG KONG AND SHANGHAI |THE CHARTERED BANK OF INDIA
BANKING CORPORATION
AUSTRALIA AND CHINA Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON: 38. Bishopsgate EC.2.
Reserve Liability of Pro-
prietors
£3,000,000
.£5,000,000
£3,000,000
MANCHESTER BRANCH:
71. Mosley Street, Manchester.
AGENCIES- AND BRANCHES:-
ALOR STAR ... HONG KONG PENANO · AMRITSAR ILOILO
BANGKOK
IPOK
:
Paid-up Capital Reserve Fund
BANGOON
SAIGON
...
41..
4*
Nat Power & Light
7.
M. T. Johnson, Esq.,
BATAYLA
KARACHI
SEREMBAN
market closed at lunch time with | Baltimore & Oblo
30 7/16 September. sellers nt buyers at 30 7/16 October.
81
81
Nat. Supply Corpn. 18 18
W. H. Lock. Esq...
BOMBAY
SLANG
PAHANGILI
Barber & Co.
201
200
New York Central ..... 181
10
G. Miskin, Esq..
CALCUTITA
Barnsdall Ol
18
171
N. America Aviation, 91
K. S. Morrison, Esq.,
Bethlehem Steel
601
591
North America Co. 201
201
Hon. Mr. A. L. Shields.
CANTON GAWETORE **
KODE KUALA:
SINGAPORE
SITIAWAN
LUMPUR BOURABATĄ,
SHANGHAI DOLLARS
Boeing Airplane Co.
201
261
Northern Pacific...
123
121
D. C. Edmondston, Esq..
СБРУ
KUCHING
TAIPING
ין
Borg-Warner
35
341
Pacific Gas & Elec. 27
281
deting Chief Manager, OOLOMRO
Briggs M'facturing
36
35%
Pacine Lighting
364
361
DELE!
MADRAS
MANILA
TERNYBIN
TONOKAK
Brooklyn-Manhattan
Packard Motors
5+
5+
Branches:-
Trans.
101 10
Paramount Pictures 101
10%
Brooklyn-Manhattan
Pennsylvania R.R 201 201
Amoy
Ipoh Pegang
Bangkok
Jobore
$6 cum, pf.
311
301*
Phillips Petroleum...
397
391
Batavia.
Kobe
Rangoon Saigon
Canadian Pacifc .....
મ
61
Public Service of N,J.
293
201
Bombay
Kowloon San
Case. J.I
904
891
Pure. Ol
101
10
Calcutta
Kuala
Chesapeake & Ohio 321 Chrysler Corpn.
311
Radio Compp. of Am. 77
73
Canton
Lumpar Shanghai
751
-743
Republic Steel
187
18
Chefoo
London
Singanore
Columbla Gas & Columbia 6 "A" DÍ. "69 * Commercial Credit... 491 Commonwealth & §. Commonwealth & §. 8% cum pf......... Consolidated Edison 281
1
Reynold Tobac. "B" 434
421
Colombo Lyons
66 *
Scherley
181
191
Dairen Malacca
491
Schenley, 51% pid...
75 *
75.
Foochow
Manila Patani
Haiphong Muar
Swatow
11
11*
Sears Roebuck
723
*42
Shell Union Ou
104
151
37+*
361
Socony-Vacuum Cl
141
14
Harbin
28
Southern Pacing
191
19
Hongkey Peiping
+
Consolidated Of
91
91
Southern Rly $5 pfd.
191
181
Iloilo
f
קן
Continental Car
422
42
Standard Brands ....
75
78.
Continental Ou..... Corn. Products
30%
30%.
Stand Gas & Elec. 33
37
ti
601
692
Standard Oil of N.J.,54)
533
Curtiss Wright (CJ) Curtiss Wright "A" 22 Distillers Corpn. Ben-
51
54
Stone & Webster
10+
10%
22
Swift International 27+
27
Technicolo:
237
23
+
grams
17
:
17
Texas Gulf Sulphur 362-
361
Douglas Aircraft
481
48
20th Cent. Fox. Films
253
25
Du Port
1331
134
do. Films pt.
344
334
***
28/
Tractions (pref.)
4
Industrials
H.K. STOCK
Eagle Picher Lead: 11
151"
Union Carbide
$14
Cald., Macg (Ord) 8.
Elec. Bond & Share
74
72
Carton
834
821
$19
Caid., Macg. (Prat.) 8.
31.70 Canton lces
$180
|
EXCHANGE
Elec. Bond & Share
Union PacLAC
92
. 20
HONG KONG SAVINGS BANK
$5 pt.
49
48*
United Aircraft
271
271
$17.9 Camanta --------
$18
Elec. Bond & Share
United Airlines Trans
મ
91
$4.0 Ropes ....
Consolidated
$4.9)
$8 pt.
50
541*
United Corpa ...
27
...21
*
China Prov. (old).......
$7.80
$7.40
וו* י
Chine Prov. (BBW)......
Miscellaneous
$26.80
Dairy Farme
$267
YESTERDAY'S OFFICIAL QUOTATIONS
Elec. Power & Light
United Corp. $3
ST pl......
371
36
cum, pt.
321
32
Flintköte
..231
23
United Gas Corpn.
21
37.
`Gen. America Trams
402
494
Un. Gas Tprovem'i
104
101
#84
Ch. É'tainments ...... $660
Gen. Electric
421
417
U.S. Rubber
461
431
$1.20 Construction (old)....
31.00
Constructions (Dew)....
88.70 Lane Crawford..
:
Nanyang Tobacco
The market opened very steady but closed on the easy alde due to alarmists' reports of the European political situation.
Gen. Motom
491
.487
U.S. Rubber pt. ......
88
872
Gen. Railway Signal 211 Glidden Co.
204*
U.S. Steel
601 591
232
$2.10 Bincards
32.10
Goodrich (B.F.)...... 241
BUYERS
$3.15
Watsons
$8.10
724*
Cb. 0.5%,19%50.#Bds.
721%
pm
B.X. Gort. 4% Loans $106
***
H.X. Gort. B}% Loans
M
21014
$50
HK. Wing On
350
Canton Insurance, $225, Union Insurance. $5124 HK. Fire Ins.. $210... Union Waterboats, $9,10
583 Goodrich $5 på........ Goodyear Tire & Co. 29 Great Northern Tron
Ore
23 241 58 23+
Vanadium
............ 193 Warner Bros. Pict.... Westinghouse
19 *
61 Elec. 104.
19
102
Bhai Wing On
12+12 Great Northern Rly. 2 221
Woodward Iron Cor. 191 Chase National B. 301* National City Bank 241 Call Money
19
208*
ར
253*
1%
1%
$6.95
$3.40
H.K. & K. Wharves, $130, H.K. Docks (Old), $201,
• bld.
Profits
£,776,798.78
الأمة
3/4
70 cta
Vibro Piling**********
12/9 Marumans Inv. (Loti.)
Mursanaan Inv. (H.K.) Wm; Powelis
*Sales' to 'Shanghai
LONDON EXCHANGE RATES
Paris
Geneva
Berlin.
Athens,
Milan
(British Wireless. Service)
"Aug. 24..
178-21/64
21.294
Aug. 26. 178-21/64 21.29
12.17
921
18.73
8 d
4.88
8.92-1/16
4.87-7/15 8.92
14/1
"Helsingfors
2261
Bucharest
-670
Hong trong
1/2 31/32
Bombay
Montreal
Copenhagen
Stockholm
·Shanghal
New York....
Amsterdam
Vienna
Prague
Prussels
Yokohama
Bellers
Buenos Aires
'1-5d 53/64
4.89-1/16 28.901
4.881 28.83-3/4
Monte Video
18.971 '201
19
2-27/32
3ilver (Forward)
191
Sliver (Bp00) War Loan
ON LONDON:
19-1/18 94% 102-15/16
Closing Quotations
August 29, 1938,
Telegraphia Transfer...}1/23 Bank Billa, on demand J Credits, 4 months' sight, 1/8)'
ON SHANGHAI:
ON NEW YORK :~~
H. & S. Hotels, $8.90. HK. Lands, $384. Humphreys, $93.
HK. Realties, $5.90.- HK. Tramways, $17.20. Peak Trams (Old), Mi H.K. Electrics, $617.
Sandakan Lights, $9.30. Telephones (Old), $27. Telephones (New), $9.55. Dairy Farms, $263.
Watsons: $8.15.
Wm. Powell. Ltd., $0.70.
Entertainments, $81.
: ez. div
THE IMPROVING RUBBER
STATISTICAL OUTLOOK
By Commodity Research Bureau Inc., New York. THROUGH PAYNE & Co.
A decided improvement has occurred in the statistical outlook for rubber during the past few months. The more favourable" pro- spects for business activity and the coming seasonal pick-up in au- tomobile production point to a substantial recovery in demand. At
H.K. Govt. 4 per cent. Loan, 6 the same time,' supplies will be restricted and the net result should be a steady decline in crude rubber stocks. These considerations are per cent. pm. HK. Govt. 3 per cent. Loan, 14 largely responsible for the fact that rubber has been one of the out-
per cent. prn.
standing leaders in the recent commodity price recovery, Marsmans (HK), 3/4.
ABSORPTION
SELLERS.
H. & S. Hotels, $7.15. HK. Tramways, $17,40. Macao Electrics, $17).' - Vibro Filing, $6.85.
SALES
H.K. Docks (Old), $19.70.
H. & 8. Hotels. $7.10/7. H.K. Lands, $39.
H.K. Tramways, $17.50/.20.
(Prices below in Phil Carrency)
Antamoks, Ps....38.
19-1/8. 19-5/15
Aloks, 38,
Bank Bin, 66 demand 30-3/18 Credita, 60 days' tight 3011/18
ON BATAVIA-
On demand................................... 05. Uw Paris:— t
Bank Bills, on-demand 1,095 Credits, 4 months' sight' 1,180 ON SAIGON:-
Os Maxita:-
Baguio Gold, 28,
Benguet Consol., 11.30. Coco Grove, 45).
Consolidated Mines, .004. Demonstrations,; „31."; Paracale Gumnaus, .16. San Maurició. 64, Suyog „Consol, táj. United Paracales, 35.
A.K.⠀ SHAREBROKERS ASSOCIATION
Banks, $1450.
SALES
On demand
270 дом.
ON BINGAPORE:
On demand
109
On demand ........
38 JAPAN: ---
On demand
60g
ON BANGKOK-
On demand
106)
On demand
1498
Hotels, $7.20, 7
CS INDIA 2000
Sovereign Noten tegeli
Bank Baying Rate.
*}83-5/16 | 7-- Quiver per as
1/8.1/16 19-5/16
Lands, #384,
Electrics, $814:
Telegraphio Transfer,
HK Docks (New), $19.70,
Francisco
Sourabaya Sungai
Hambarg (Johore) Tientsin Hankow Mukden Tokyo
New York Tsingtao
Yokohama
Current Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes. To Let. Hong Kong, 24th August 1938,
The Business of the above Bank
18 conducted by the HONG KONG & SHANGHAI BANKING COR. PORATION. Rules may be ab-
tained on application.
For the HONG KONG & SHANGRA!"
BANKING CORPORATION,,
D. C. Edmondston,
Acting Chief Manager Hong Kong, 2nd May, 1038.
(Peking)"
11
FOREIGN EXCHANGE and General" Banking Business transacted..
CURRENT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on application. The Bank's Head Office in London undertakes Executor, and. Trustee business, and claims, re- covery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A CAMIDGE,
Manager.
THE CHASE BANK
'15, QUEEN'S. ROAD CENTRAL
HEAD OFFICE:
18, PI"STRIFT,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service
in the principal Markets of the world.
Interest Rates on Application.
BANK OF EAST ASIA,This
LIMITED.
Authorised Capital ...$10,000,000.00 Paid-up Capital
Reserve and Undivided
5,598,600.00
Head Office:-HONG KONG No. 10. Des Voeux Road, Central.
————
Board of Directors-
Sir Shouson Chow, Chairman Li Roon Chun, Eby. Li Lan Sang, E,
Wong Chuson, Esq. P K. Kwok, Esq. Wong Tun Tong, Esq. Kan Ying Po, Esq. ChanChingShek, Esq. PangPingW. Eng." Kau Tong Po, Esq., Chief Manager, Li Tse Fong, Esq., Managat.
AKOY
Batavia Battibay
·Calculés
Labe
Branches and Agoncisa zam
Kowloon Pebeog Bourabaya London Bangbon
Manila
Swatow
Balcom Bydney Maubourne Ban Fran-
Naguatka
Talhoku laco Tantalu
Tokyo Semarang Tascoster Yokohama
Cartoo
New York Beattle Haiphong Haukow Osiks Kowalnia **Parle
Polping *.dingapore
of Banking Every description and Exchange business transacted. Loans granted on Approved
securities
SAFE DEPOSIT BOXES..
Bank is entirely owned by THE CHASE NATIONAL BANK, New Yoax, with Resources över
.S 2,500,000,000.
THE
D. M. BIGGAR,
Manager...
BANK OF CHINA
Specially Chartered by
NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
די
BANKAN PAID UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to, our Clients special facilities for Domestic and Foreign Banking and Exchange
Head Office: SHANGHAI
Hongkong Branch: " 3, QUEEN'S ROAD, C.
South China Offices:
CANTON SWATOW
KONGMOON TOISHAN
All indications now point to a good revival in business during It is interesting to note that the the next few months and this absorption of rubber cutside of should help the demand for au- the United States has experienced tomobiles, which has experienced a substantial increase in recent quite a slump during the past
years. This trend was especially Current Accounts opened in Local SHIUCHOWKINGCHOW year Another factor is the sea pronounced in 1937, when world Currency and Fixed Deposits re
We also handle the issue ot sonal pick-up in automobile bro absorption, exclusive of the UB..ceived for one year or shorter duction. Since 1935. production expanded to 540.525 tons as com- periods in Local and Foreign Cur- Bonds and other Public Funds of schedules have begun to expand in bared with 461,300 tons in 1938. rencies on terms which will be the Chinese Government both at the autumn whereas the seasonal On the other hand, U.S., consump quoted on application.
SHOU J. CHEN, rise in previous years took place tion declined by 31,400 tons tử during the winter.
1937, which was due principally to Stocks of tyres and tubes have the business recession.
been declining since the early part
Safe Deposit Boxes To Let
KAN TONG PO,
Chief Manager.
Home and Abroad.
Manager.
Dhiring the first five months of quarter of the year at 45 per cent and the price outlook after that of 1937, Hence, the prospective Increase in business activity, the 1938, world consumption outside of of basic quotas. As a consequence, time will depend to a great extent the coming seasorial rise in auto-the US amounted to 204.847 tons permissible exports for the third upon whether or not the pact will mobile production, and the decline or an amount only about 15.000 quarter of 1938 average only 54,405 be continued. The International in stocks of pneumatic casings tons less than in the same period tons per month. This is the Rubber Regulation Committee has and inner tubes, all point to a of 1937, whereas U8. consumption smallest quota for any quarter recommended the maintenance of good demand from the rubber tyre for the same period declined by since the rubber restriction plan the restriction pimme for Ave
about 120.000 tona
went into effect in 1834. A years more and it la highly pro- industry,
With absorption outside of the The net result can only be a bable that a zenewal will be One of the significant develop- ments in recent years has been US being well maintained despite substantial reduction in crude effected, since the beneficial re- Crude rubber sults of the agreement are almost the increasing use of rubber in the recent business recession and rubber stocks. lines of Industry other than tyres with business activity in the US stocks in the UB. began to decline universally acknowledged.
After declining substantially and tubes. During the first quar. now turning higher, a considerable slightly even prior to the reduce ter of 1938, for example, the use increase in the consumption of tion in permissible exports and since early" in 1937, prices turned the revival of business activity. sharply higher in June and the of rubber in mechanical goods and rubber is to be expected. other fields amounted to 25,2 per
Now with the more favourable recovery has carried through to turn in business and the lower date. This reflects the consider- rate of permissible exports, stocks able improvement in the forward of crude rubber should be reduced statistical outlook which points to Eroad expansion in consumption The restriction plan will expire and a sharp reduction in supplies
SUPPLIES RESTRICTED
cent. of America's total absorption Meanwhile, a drastic reduction as compared with 15.7 per cent in has been effected to shipments of 1929. The more diversified use of rubber. This is due to the action rubber is another factor that is of the International Rubber Reconsiderably. making prices increasingly sens gulation Committee in fixing per- tive to general business conditions, leaible exports for the third at the end of the current year during the near future.
#