1938
11,440/50
£37)
£12)
£28
£13
India Speculators sold. Later America was inclined to buy at
STOCKS
238
the quoted rate.
***
::
$6.00
139
$210
18.10
$19 70
$512
$2
N. C. & B. Banka.....
Lasorances
Canton Insurancho.
Upior IsarRATOR.
Lidorwriters .......
11.5 Fires
Shipping
Douglasal......
Indo-Chinas (Prof.)..
Indo-Chinu (Dal.}.....
87/8 Shelis
Waterbonta
14/6 Kailans
Mining
$10.10 Rauba .........
43.Venezuela Gold Fida. 7ct Hong Kong Mines......
Docks, WharZTÉS,
Godowns, eta,
13 H.K. & H. Wharton... $7.60 Providants (old)....... $7.45 Providenti (new)......... $0 K. & W. Docks.... Do (now).........
8131 Shanghai Dooka By. $3.90 | New Engineerings S.
Lands, Hotels, and
7.10/6.90.
Buildings
H.E. Hotala
H.K. Lands..........
12..
Adams Express .......
American Silver was quoted at Alleghany Steel Co. 18
$425
42 3/4 for Spot.
'Allis Chalmers
$516
The London/New York cross-
Amer. Can......
PAGE 12-HONG KONG DAILY PRESS
१३
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers' Association
Bayern
| Nominal Bellors sale
TUESDAY, AUGUST 30.
Bayers Sellari
Salon
Nominat
Banks
$1,440|/1,447}| H.K. Bazka....unsere
£87 Do. (Ladon) ...............
Mercantile Bks. "A"
2139 Mercantils Bks. "C"
£12) | Chartered Banks
228
Bank of East Asia...
188
1926
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Tuesday, August 30. Silver prices dropped 1/8 yester- day for both deliveries, the quota-, tions being 19 3/18 for Ready and Silver advices 19 tor Forward. reported steady.
the market as being Purchases were made by
FINANCE
?
NEW YORK STOCK EXCHANGE
Through Reuter's Service)
QUOTATIONS
Aug. 30" 1938. High Low Close Chang 139.08 184.84 137.06 429 off 8.0 27.30 21.43 1.93 of 19.00 19.02 1.13 .78 off 88.67 .40 of
7.69
WEDNESDAY, AUGUST 31, 1938.
PAYNE & CO.
"COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER"
Low Duw Jones Average, Aug. 37. High 145.67 98.95 30 Industrial
141.95 $9.77
19.00 30 Railr 29.55 15.14 20 Utilitie '99.70.-83.39 [ Bords
59.00 45.03 11
228.71
19,89
89.27
Joramodity Index unquoted
Business Done-1,250,000 sbsted.
Last Sale
STUCKS
Last Sale
Aug. 27 29
Aug 27 29
11*
101
Great Western Sugar
261
2GA
171
Greyhound Согра 171
16
49
48
Hecker Products
71
71
981
957
Int. Nickel
".491
47
rate
2210
was quoted at York/London - Was
487 qucted
New
Amer. & For. Fower
3}*
31
Int. Tel. & Tel
81 81
at
Amer. For. $7 pf. 19
13)
Kennecott Copper...
41}
.301
436.15/16.
Amer. Locomotive... 20
19
Libbey- Owens- Ford
180
$29
Steambosis .................................
SAO
$24
::::
A
$75
MARKET
$23
Amer. Metals
351
344
Glass
521
497
SPOT
$80
$24 87/6 19.15
17/0
$10 $3
$130
$3,80
$3.70
+
$201
819,701
$130 $3.95
$8.85
7.20/6. 35...
5381
$107 Do. 4% Debentures
$8.4 Shanghai Länds 8.
$5.90 H.K. Realties
302
Humphrey
to Chinese Estates
Cotton M
$17
85.90 101
A shade steudler.
STERLING
Was on offer at the opening at 1/3 for near and 1/2 31/32 for Forward, buyers bidding 1/3 of October. There was no change in these rates during the morning. A small business was rumoured at 1/3 Octuber.
U.S. DOLLARS
Opening with sellers at 30 3/8 for October and 30 5/16 Novem- ber/January buyers at · 30 Cash and 30 7/16 September at which rates the market closed.
SHANGHAI DOLLARS
174 1/2, F
SHANGHAI MARKET Sterling opened with sellers at 8.1/2 and closed with sellers 3+ 8.17/32 for Spot. U.S.
Amer. Radiator .............. 151 Amer. Rolling Mill... 191 471 Amer. Smelting ...... Amer, Sugar Ring... 231* Amer. Tel. & Tel 1432 Amer. Tobacco "B" 20 Amer. Waterworks ........ Anaconda Copper ... Atchison, T. & 8. Fe. Auburn Motors ...... Baltimore & Ohlo Barber & Co. Barnsdall Off
148
Lockheed Aircraft
14
137
OCT.-DEC.
171 46
Loew's Inc.
491
474
JAN.-MARCH
August 27
August 29 buyers sellers buyers sellers, Change
41
27-7/8
off 1/9 27-1/2 27-3/4 27-5/8 28-1/8 28-3/8 28 28-1/4 off 1/8 28-3/4
28-5/8 28-7/8 of 1/8
Martin, Glea L....
221
221
231*
McKesson & Rob-
1421
bins, $3 pf.......
351
884
Monsanto Chemical 95)
351 93
10)
91
Montgomery Ward... 471
454
341
321
| Nat Dairy Products 131
13
31
351
Nat. Distillers
241
24
*
2
4
Nat. Power & Light
7
6
8)
77
Nat. Supply Corpn." 18
171.
201
191
New York Central..
19
171
1.08
171
N. America Aviation
91
..9
12ethlehem Steel
591
55
North America Go.
201
101
Boeing Airplane Co. 201 Borg-Warner
25
Northern Paciac..
121
114
341
327
Pacific Gas & Eléc
201
Briggs M'facturing 351
333
Pacific Lighting
361
354
Brooklyn-Manhattan
Packard Motors
51
5
The Singapore Rubber market opened with prices, 1/8 lower for all deliveries buyers upparently adopting a waiting attitude pending further news. Shortly after the opening on receipt of telegraphic advice of serious political tension in Europe, the market slipped un- der heavy selling pressure from speculators and dealers (reported for London interests) and business was done down to as low as 28-1/8 for January-March corresponding rates for other deliveries.
The afternoon session was practically a repetition of the morn- Ing market and business was recorded down to 27-1/8" for Jan.- March
Statistically the Rubber market is very healthy, but until the Sudeten problem has been satisfactorily dealt with it is difficult to 261. visualize substantially higher prices.
LONDON RUBBER
Trans.
10
91
Faramount Pictures 108
10
Brooklyn-Manhattan
Pennsylvania R.R...
201
194
Dollars
.36 cum. pi. Canadian Paclic
301* 28
Phillips Petroleum ....
391
381
.61
6
Public Service of NJ.
29
291
SPOT
opened with sellers at 17.144 and closed with sellers at 17.5/16.
Case JZ
891
68
Pure Oil.......
101
10
OCT.-DEC...
120.10 Ewo (S.) st
307
S'hai Cottons (S.).....
*20/*20,50
$98
Chesapeake & Ohio 311 Chrysler Corpn.......
294
Radio Corpn. of Am.
73
71
JAN-MARCH
741
Republic Stee!
181"
171
Previous close
Today's close
sellers buyers
buyers sellers
8-1/16 8-3/16 7-7/8 7-15/16 8-1/8 8-1/4 7-15/18 8 B-1/4 8-5/16
Change
off 3/16 off 3/16
B
8-1/8
of 1/4
41
IN THE AFTERNOON
Columbla Gas & E· $1
62
Reynold Tcbae. "B"
424
42.
$244
324
Zeong Sings (8.)
$42
Wing On Textiles (8.)
The market was steady in the Columbia 8 "A" pf. 86 *- afternoon.
633*
Schenley
181
171
17/201
B01
Public Utilities
Tramways
Peak Trams (old).....
STERLING
$17,40
Commercial Credit. 493 Commonwealth & S Commonwealth & 8.
471
Schenley, 52% pfd...
775*
.74 *
11*
11
Sears Roebuck
73
701
Shell Union Ol
151
141
330
Peak Trains (new)...............
$78
39.30
*#261
な
26,0
Tractions (pref.).....
$14
Cald, Macg (Urd) S.
$18
Star Ferries
3247'mati Ferries C.B.B
$24
Da.
$11.85 China Lights (old)..............
China Lights (new)..
61 1.K, Electrics
$17 Macao Electrica.....
Sandakan Lights.
Telephouse (old).
$8.56 Taleplumes (new)....
Tractions ----
industrials
(Dew)$
381)
$26
,;:... ཀྟྭཱ སྒྱུ
43
"Some business was reported at 1/3 for October. The market
577)
$242
824
$112
$9,85
246
175,
::
Cald., Macg. (Prof.18.
11.70 Canon ices
$17.99 Cerdeste ------
34.90 Ropes bake og sette
Consolidated
China Prov. (old)................
China Prov. (new)..
closed with sellers at 1/3 August/ October and 1/2.31/32 November/ January, buyers at 1/3 1/32 Cash/ October and 1/3 November/Janu-
ory.
U.S. DOLLARS
Sellers at 30 3/8 August. "October and 30 5/16 November/January. ! buyers at 30 1/2 Cash/September and 30 7/16 October/November.
SHANGHAI DOLLARS
SHANGHAI, MARKET,
8% cum pf........ 361 Consolidated Edison 25 Consolidated Cil Continental Can Continental Of
Socony-Vacuum Ol
14
13
26
Southern Pacific
.19
172
91
81
Southern Rly $5 pid.
18%
171
421
414
Standard Brands ....
T
71
303
30
Stand Gas & Elec.
..34
Corn. Products
09)
681
Standard Oil of N.J.
631
52
Curtiss Wright (C) Curtiss Wright "A" 221 Distillers Corpo. Sea-
5-1
*
Stone & Webster
101
91
211
Swift
International
27
261
Technicolor
23 *
22
grams
17
18
Texas Gulf Sulphur
36-
3511
Douglas Aircraft ...
48
45;
20th Cent. Fox Filma
251
Du Pont
... 134
129
do
Films pf...
332*
241 323
h
Eagle, Picker Lead 10 Elre. Bopd & Share Elec. Bond & Share
101
Union
Carbide &
71
71
Cartones
821
791
Union Pacifi
88
**
8177
$4.90
Sterling closed with sellers at 8.17/32 and U.S.$ at 17.5/18 for
48 *
$5 pf.
.48
United Aircraft
273
2G
Elec. Bond & Share
United Airlines Trans
91
BA
Spot.
$6 pf.
541*
United Corps. 541
21
28
37.80
Elec. Power & Light
United Corpn. 53
87.40
ST pr
36.
35
cum..pf.
32
314
Miscellaneous
Flintkote
23
211
United Gas Corpn
3:
32
a26
Dairy Farma
$26
16+
Ch. E'tainmeûti .........................
$1.50 Constructions (old).....
31.90
Constructions (now)....
$8.70 Lane Crawfords.
$8
H.K. STOCK EXCHANGE
Gen. America Trans 491
471
Un. Gas Tprovem't
101
10%
Gen. Electric:......... 414
40
U.S. Rubber
451
423
Market easy. mainly in sympathy with the East but closed frac- tionally above the lowest on little American support.
Rubber stocks held in the United Kingdom showed an increase of 13 tons for the week ending August 29, 1938.
NEW YORK COTTON
Prices went lower on the decline in securities following on re- ports from Europe of war dangers and further eased on Liverpoci selling and liquidation, with the off-take poor. Towards the close, the market weakened still further on additional liquidation and for-
ign selling, and prices ultimately closed barely steady.
NEW YORK RUBBER
political The weakness of the London market and European tension caused a lower opening and prices further receded on conn- mission-house liquidation and selling by outade interests. Large Iactory interests bought on the scale down and prices partially reacted before the close of the market
CHICAGO WHEAT
After a steady opening, the market drifted downwards on "pro- ft-taking liquidation of September position, the heaviness of securi- ties and the apparent inablilty of Canada to agree to a cooperative wheat export plan. It is feared that this will result in an interna- tion struggle for the export markets, with a consequent lowering effect on prices.
1
י.
Gen. Motora ..
481
45
U.S. Rubber pt.
871
841
Gen. Railway Signal 201*
20
US. Steel............
591
501
/.pm
Nanyang Tobacco
71 Ch.G.5%19250.$8.
Glidden Co.
23?
42
Vanadium
19
181
$2.20 Sinceres
$2.10
Goodrich (8.7.)
241
221.
Warner Bros. Pict......
64
6
38.15 Watsons
18.15
Goodrich 45. pl.
58
551
Westinghouse
Elec. 102.
981
41
71%
H.K. Gort. 4% Loans
$105 $108.
H.K. Gork 31% Loans
360
H.K. Wing On
$1011
350
.
Goodyear Tire & Co. 281 Great Northern Iron
Oce
261
Woodward Iron Cor. 19;
18
Chase National Bk.
301*
30 *
12}
121
National City Bank "241"
S'hai Wing On...
·351
201
Call Money
1%
24 .1%
$8.40
Fi
: ez diy
• bid.
12/6
Maramans Int. (Lon.)
$6.35 Vibro Piling
3/4. Marsmana Iar. (H.K.)
70 ota Wr. Powalla
LONDON
183 cts.
*Sales to Shanghai
EXCHANGE RATES
British Wireless Service)
21.29
Aug. 26.
3.
Paris
178-21/64
Aug. 27 178-21/64
Geneva
Berlin
21.31 12.154
Athens
Milan
921
92-9/18
Copenhagen
Stockholm
Shanghai
18.73 eld
4.87-7/16
8.92
4.87-1/16 8.94
Prague
1411
141
Helsingfors
2261
Bucharest
670
Hong Kong
1/2 31/32
Bombay
1-5d "53/64
Montreal
Prussels
Yökohama
New York
Vienna
Amsterdam
Sellers
Buenos Aires
Monte Video
Rio
Silver (Forward)
Suver (Spot) ...... War Loan
IN LONDON:--
4:881 20.83-3/4
4.87-11/16 28.81
19
19
201
2-27/32
19-1/8.
19-5/16
19 19-3/18 31% 102-15/18 - 31% 1021
Closing Quotations
August 30, 1938.
Telegraphic Transfer... Bank Bills, on demand }
Credita, z moliths' right " 1/3}
UN SHANGHAI:--
On. demand
UN NEW YORK:-
Bank Bills, os demand 201 Credits, 60 days' sighà 304 ON BATAVIA:-
On demand. ON PANTS:-
554
Bank. Bills, on demand 1,095 *. Credita, 4 months' sight - 1,180
YESTERDAY'S OFFICIAL QUOTATIONS
Market ruled steady with general enquiries, particularly for Trams and Hotels, at rates which are not freely attracting sellers.
BUYERS
Hong Kong Bank, $1440. Canton Insurance, $225. Union Insurance, $505.
H. K. Fire Insurance, $210. Union Waterboats, $9.10. H. & S. Hotels, $6.95. Humphreys. $91.
H, K. Tramways, $17.20.
Peak Trams (Old), $83. Sandakan Lights, 59.30. Watsons, $8.15.
H., K. Govt. 4 per cent Loan. 6
cent pm.
H. K. Govt. 34 per cent Loan, 1
cent pm.
SALES
Canton Insurance, $226.
Union Insurance, $595.
H K Fire Insurance, $210. Raubs, $10.
H. K. Tramways, $17.20, Telephones (Old), $261. -
(Prices below in Phil Currency)
Antamoks Ps., "37
Atok's. 35
Baguio Gold, .244
Benguet Consol, 11.40.
Coco Grove. 441° Consolidated Mines. .004" Demonstrations, .30 LX.L, 65
© Paracale Qumaus, 16)
San Mauricio, .61 Suyoc Consol., .18 United Paracales. 34
H.K. SHAREBROKERS' ASSOCIATION BUYERS
BELLERS
170.nom.
ON SAIGON:
UN SINGAPORN:
On demand
109
On amand
ON MANILA:
Banks, $1430. Hotels, $8.35.../ Electrics, $60%.
A JAPAN
On demand .....
601
ON BANGKOK?—
On demand
108)
On demand
1408 :
Bovereign Notes
Talographic.TVERSKI
*}02-3/16"
Bank Buying Rate
1/6-1/16
Har Kilver pŒF GF versing
19.3/10
Electrics, $61
SALES Unions, $505/6. Electrics, 381.
Great Northern R17, 22
Britain's Output
Decreases
Decreased output for nine
out of ten of Britain's indus- trial groups, and the first gen-
in eral decline
production since 1933, were shown
by 1 "figures, in the Board of Trade Journal on August 17 on in. dustrial
the activities for
In respect of the chemicals and olls group..
The only group increase was per cent for gas and electricity,
New York Commodity
Market
(By Courtesy of Mesara "Swan, Culbertson & Fritz and S. E. Levy & Company)
New York Cotton New York Rubber Chicago Wheat
Chicago Corn
642, 637.. 1 off
521 534
649 857
New York. August 29.
High
101
October 8.28 8.18 Sept: 18.27 18.17 Sept.
631 Sept. 531. 62%
t2
Prev. Today's Low Close Close Change. 12, off 18.57 16.10b 47 off
8.13 8.30
65
Winnipeg Wheat
October
047 601
11 of
1 off
RAIL TRAFFICS SLUMP Despite the increase of 5 per NEW YORK COTTON cent. In freight rates and passen-
Close
Opening Closing
Change
8.30/30
8.23/24
8.13/20..
".12 off
...8.36/36-
8.31/31
8.25/26
.11 off
(1939)
..:8:36/36
8.31/31
8.24/24
.12 01
March May
++
( }
{
8.36/36
8.31/32
-8.25/25
11 DE
8.34/34
8.28/28
8.20/21
14 Off
8.32/32
8.25/24
8.19 N
113 off
8.25
8.30
.05 up
ger fares, traffic receipts of the October ...
December second quarter of 1938.
four big Home rallway companies. "The Increase in the volume of continue to show heavy decreases January Industrial production, which be compared with a year ago, writes gan In the early part of 1933, the City Editor. continued for five years, the
Trafic returns for a recent week, July average annual rate of expansion recorded a combined decrease in Spot in that period being about 84 per gross receipts of £238,000. cent.." it is stated.
141
This follows a drop of £240,000 NEW YORK RUBRER "The rate of increase decilned, in the previous week, and makes however, to about 4 per cent. in the total decline from the begin-September the last quarter of 1937, and to 1ning of the year £3,071,000. per cent. in the first quarter of
this year.
"In the second quarter there was a decline, as compared with output in the corresponding period a year earller, of about 84 per cent.. manufacturing. production showing a similar decrcase."
In contrasting the large re- duction in output, it should be. noted that the Easter holiday . fell in the second quarter this. year, but in the first quarter iri 1937. The general index for the June quarter this year "(122.1) was about the same as" that for the Jane quarter of 1936 (1223)
1.-
The largest decrease. In the second quarter compared with 1937 was in respect of textiles (21
per, cent).
|
MARSEILLES DOCK
DISPUTE
L
16.57/57
18.19/17
16.10b/17a
.47 off
December
16.78/79
16.40/37
16.31/34
.47 "off
March May
18.95/91
18.52/48
16.44/45
.51 off
17.00/00
16.53b/60a
.47 off
Sales for the day:
CHICAGO WHEAT
4,890 tons.
847/85 661/661 681/681
641/641
€32/64
601/601
651/651 '671/674
off off
Saturday's Sales:
26.947.000 bushela.
530/53) 531/531 52/52) 537/541
621/62
511/514
527/53
"off 1 off
Marseilles, August 30 Work on the waterfront was September normal yesterday but dockers re- December fused to work overtime last night May because Union leaders had not reached a definite decision re-
garding the new scheme "under CHICAGO CORN which longer shifts would be worked.
May
September The men claim that more doc. kers are able to obtain a share in December the work under the old scheme than under the new system." A settlement is expected-(Repter),
WINNIPEG WHEAT
October,
The total sum received by the December Shanghai Municipal Council up to May
There was a decrease of about August 20 in respect of contribu-
******* 651/6851
651/651
1/65#
641/641 637/64 671
off
17 per cent for the engineering tions under the voluntary enter- | NEW YORK STRAITS, 857553
and shipbuilding group." resulting tainment levy, covering a period
mainly from decreased activity in of seven months from January 20 September
electrical engineering and motor to August 17,
car production, and a similar fall $182,452.74.
amounted
43.40 N 42,-3/4 NY-L'den Cross. Rate... 487-6/16
to NY Süver, Omciale
42.50b/99% 42,90 NA
42-3/4:0 4.86-15/16