$1,434
Do, (London),
EAT
211
Chartered. Banks ...."
£17!
228
Marcolila, Bika. “A”
£98
£13
188
$88
at 42 3/4 for Spol.
Alleghany Steel Co.
The
London-New York
#325
$25
Allis Chalmers
Canton InsurBAUM.......
33071
$505
$500/6
Fate
was
Amer. Can
Union Insurances
12
$3
Amer. & For. Power
Underwriters - 199
1219
1910
H.. Fires ..........
Amer. & For. Si pf.
KShipping
Quiet.
Amer. Locomotive...
$75
Dongles....
Amer. Metals
$13
$22
Stommboats.
$80
Indo-Chinas (Prof.)....
$81
124
Indo-Ubinas (Del.)....
$24
88/1
88/14 Shalia
$9.15
There were sellers at 1/3 Sept. and 1/2 31/32 Oct.-Dec.. buyers at 1/3 1/32 Cash-Oct. and 1/3 Nov.-
Amer. Radiator
Amer. Rolling Mill... Amer. Smelting
PAGE 12-HONG KONG DAILY PRESS
* DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Buyers
Sellers Sales
$1,440
#1,440
Sharebrokers' Association
Nolan WEDNESDAY,
AUGUST 31.
287
Kanka
H.K. Banks .............
213 Mersatile Bks. "C"
Bank of East Asia
N. C. & S. Baoks.... İnstrances
Duyer's Seller
Salou
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices were higher yester- day to the extent of 3/16 for Ready and 1/8 for Forward, the quota- tions being 19 3/8 and 19 1/8.res- pectively. Silver advices reported; the market as being steady with by India and purchases made
Later There were
speculators.
buyers at 1/16 under the quoted
FINANCE
NEW YORK STOCK EXCHANGE-
1938
#
(Through Bautor's Service)
High Low Dow Jones Averages, Aug. 20 High Low 145.87 98.96 30 Industrials
32.77 19.00 20 Kaile 22.00 15.14 90
92.70 83.39 40
Utilitie Bonds
39.00 -45.00 11 Commodity ludes 47.69
STOCKS
rate. American Silver was quoted Adams Express
cro33-
quoted at 485.81. New York-London" was quoted at 488.
MARKET
STERLING
THURSDAY, SEPTEMBER 1, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
||
SINGAPORE RUBBER
August 29 buyers. sellers 27-1/2 27-3/4 29
28-1/4 28-3/0 28-7/8
August 30
buyers sekers
26-3/4 27 27-1/4 27-1/2 27-7/8 28-1/8
Change
off 3/4
off 3/4
off 3/4
2
QUOTATIONS
Aug. 31, 1938,
Chang
137,07
27.48
19.13 58.67
133.89 137.08 138.16 1.19 up 21 up 27.75 27.35 $7.69 19.43 19.18 19.31 „12 up!!
83.08 ,81 od mutilsted
Business Done:-630,000 shared. ·
Last Sale Aug. 29,
STUCKS
30.
101
་་---་
Last Salo Asg. 29. 30.
27 Great Western Sugar 283 101
171
*18
Greyhound
Corpn. 16
163
48
481
Hecker Producta
73
71
957
98
Int. Nickel
47
431
34
31
Int. Tel. & Tel.
81
81
184
18
Kennecott Copper
301
391
191
191
Libbey- Owena-Ford
342
341
..Glass
491
5011
SPOT
141
151
Lockheed Aircraft
137 133
OCT.-DEC.
171
"18
Loew's Inc.
47}
15
483
Martin, Glen L
221
481 ...221
JAN-MARCH
10.10
Waterboate
Dec.
Mining
16/0
Kailan.......
16.05
139
Sal
$10
$3
Raube...
Venezuela Gold Fids.
17 cta. Hong Kong Mine.......
Docks, Wharvas,
Godowns, eta:
$17 H.K. & K. Wharves... $7.60 Providenta (old).......... $7.43 | Providnats (new).............. $201 HK & W. Docka.... $10.70)
(DW)........ Do
3131 Shanghai Docks B $3.50 New Engineerings &
Lands, Hotels, and Buildings
H.K. Hotele
H.E. Lands.........S.
$107 Do. 4% Debentures
$8.40 Shanghai Lands 8.
$5.00 FLK. Realliee
Humphreys...KU
1100 Chiado Estates
Cotton Mili
120.10 Bwos (8.) ******
#97
$24
Shai Cottons (8.) ......
18/6 $10 $3
1130
$3,80
$3.70
$301
19.70
$13 $3.95
$6.95
$38)
$1071
B3.00
$91
$20,20
198
U.S. DOLLARS Sellers at 30 3/8 Sept. and 30 5/16 Oct-Nov., buyers at 30 7 16 Cash-Sept. and 30 3 8 Nov., pos- elbly October.
SHANGHAI DOLLARS
174 3/4
SHANGHAI MARKET
Sterling 8.17/32 for Spot. U.S.S.
17.1/4 for Spot.
H.K. STOCK EXCHANGE
YESTERDAY'S. OFFICIAL
QUOTATIONS
Amer. Sugar Ring... 23 Amer. Tel. & Tel.
231
McKesson &
Rcb-
1421
142
bing, $3 pt.
351
35
Amer. Tobacco "B" 861 Amer. Waterworks... Anaconda Copper. Atchison, T. & A. F9. Auburn Motors...... Baltimore & Ohio ...
861
Monsanto Chemical 93
94
01
97
Montgomery Ward... 451
40
321
33)
Nat. Dairy Products 131
131
***
351
361
Nat. Distillers
24
24
4
43
Nat. Power & Light 8
61
71
71
Nat. Supply Corpn. 17
171
Barber & Co. ....
191
19
New York Central... 173
18+
Barnsdall Of
171
171
N. America Aviation 9
91
Bethlehem Steck
55
57)
North America Co. 191
191
Boeing Airplane Co.
25
253
Northern Pacifie
114
Borg-Warner
321
331
Pacific Gas & Elec
261
111 261
The Singapore Rubber market opened about cent lower for all deliveries. European political news was about unchanged. Reports of
reciprocal the successful completion of the Anglo-American
trade treaty failed to Improve sentiment, and the Singapore market slipped to 27-3/8 for January-March under heavy long liquidation and short- selling by dealers.
Early in the afternoon business was done at 27-3/8 for January- March, but in the final hour market became steadier with prices showing some Improvement.
We expect the market to rally sharply on any favourable news. The market has had to absorb some heavy speculative long liquida: tion and some heavy short sales, which has greatly improved the technical position of the market.
Briggs M'facturing
331
35
Pacific Lighting
351
37
Brooklyn-Manhattan
Packard Motors
5
-5
Trans......
91
DA
Paramount Pictures 10.
101
Brooklyn-Manhattan
Pennsylvania R.R... 194
191
$6 cam. pf..........
48
281
Phillips Petroleum ...
381
39
Canadian Pactic....
6
Bi
Public Service of N.J.
291
291
SPOT
Case. J .....
88
881
Pure Oll
10
101
· OCT.-DEC.
Chesapeake & Ohio 291
301
Radio Corpn. of Am.
78
74
JAN.-MARCE
Chrysler Corpu. ......
701
72
Republic Steel ..
177
172
LONDON RUBBER
Previous clase
buyers
7-7/8 7-13/16-8
Today's close sellers buyers
7-15/18 7-7/8
8
sellers
Change
8-1/16 8-178
8 8-1/16
up 1/16 8-1/8 up-1/10
unch.
Columbia Gas & El
*61
Reynold Tobac. "B", 42-
411
Columbia 6% "A" pf.
631*.
33 *
Schenley
171
171
"
ZoongSinga (8.)
$42
Wing On Textiles (B)
$42
BUYERS
Commercial Credit...
471
481
Schenley. S% pfd... 74
74
Public Utilities
$17.20 #ર્
$17.20
Tramways
$17.20 $17.40
Market continues quiet steady.
but Commonwealth & 8. "1
11
Scars Roebuck
701
702
Commonwealth & 8.
Suell Union 03 -
141
15
Poak Trams (old)......
18
HK. Bank, $1440.
6% cum pf.
36
36
Secony-Vacuum Ol
131
131
พ
Peak Trama (20W)..................
$34
$78
524
59.30
Star Ferries
124mati Ferries C.B.$
$11.85 China Lighta (old)......
China Lights (new)....
18 H.K. Electrics
$17 Macao Electrica
Sandakan Lights
$261 Telephones (old).
30.66 Telephones (new)..........
0771
924)
Da. (new)
$24
$112
$80
60/611
Canton Ins., $225.
Union Ins., $507.
Union Waterboats. $3.10.
H. and S. Hotels, $8.95.
H.K. Tramways, $17.20. Peak Trams (Old), $64.
Sandakan Lights. $9.30.
Consolidated Edison 26
261
Southern Pacific
171
181
"Consolidated Ci
81
J
Southern Rly $5 pfd. 174
187
Continental Can
411
403
Standard Brands .....
71
71
Continental Of
30
201
Stand Gas & Elec. 31
33
Corn. Products
ઠવા
521
Standard Oil of N. 52
521
Curtiss Wright (C)
5
"5
Stone & Webster ....
91
10
Market slightly armer on some further American enquiry.
NEW YORK COTTON
Early in the day, the market was inactive, though prices ad. vanced in sympathy with Liverpool and Bombay cables. The less a firmer stock market were acute foreign political situation and strengthening factors. There was some foreign and trade buying. willst offerings were Hght. There was very little interest displayed by. outside interests and some hedging operations were in evidence. orders from Wall Finally, prices further advanced on covering Street. The market closed with a steady tone.
26/3 Traction
$281 18.60 24/6
H.K. Govt % Loan, 6% pm. H.K. Govt. 31. Loan. 14% pm.
Curtiss Wright "A" 211 Distillers Corpn. Sea-
221
Swift International 281 Technicolor
271
22
21
NEW YORK RUBBER
grams .....
16
161
Texas Gulf Bulphur 351
351
SALES
Douglas Aircraft
467
20th Cent, Fox. Fims
24)
251
26/3
Tractions (pref,) ..............
HK. Bank, $1440.
Du Pont.................
129
1311
do.
Films pf....
323
33 *
Industrials
Canton Ins., $225.
Eagle Picher Lead 101
101
Union Carbide
*
$14
Cald., Macg (Ord )B.
$18
Cald. Macg. (Praf.18
Union Is.. $505.
H.K. Fire Ins.. 5210.
Elec. Bend & Share
7+
7t
Carbon.......
794
801
Elec. Bond & Share
Union Paciac
38: 881
11.70 CADUR lees
$1.80
Raubs, $10.
48
47 *
55 p
United Aircraft
263
2
261
$17.90 Cementa
84.30 Ropes ..............................
Consolidated
817)
H.K. Tramways, $17.20.
Elec. Borid & Share
United Airlines Trans
31
- 81
$4.91
(Prices below in Phil. Currency),
$6 pl.
541
531*
United Corpn.
21
21
Chins Prov. (old)........
$7.80
* Antamoks Ps.. .371
Elec. Fower & Light
United Corpn. $3.
"
Chini Prov, (new)...... Miscellaneous
87,40
"Atoks, 341
$7. pl......
35
35.
cum. pr.
311
314
Bagulo Gold, 241
Flintkote
211
227
United Gas Corpn.
31
32
Prices responded to steady cables from abroad and some relaxa- Commission •house tion in the European tension. Short covering. buying and further accumulation by factories were the main factors in the advance. Foreign dealers, however, were sellers.
CHICAGO WHEAT
The market declined on easing of the European tension. The weakness of Winnipeg and the absence of support were adverse lac- tors. There are reports of liberal purchases of Roumanian wheat by Belgium. Both Germany and Italy are reported to be buying Hungarian wheat.
8261 Dairy Farms
$28)
Benguet Consol.. .11.40
Gen. America Trans
473
472
Un. Gas provenit 10}
10:
Ch. E'tainments ......... $1.90 Constructions (old)....... Cundractions (DOW)....
Coco Grove, .43
Gen. Electric
40
414
U.S. Rubber
421
448".
$1.90
Demonstratior.s...301
Gen. Motors
451
17
US. Rubber pf.
86 84)
88.70 Lane Crawfords......... Nanyang Tobacco......
$120 Sinceres
$8.15 Watsons
29
IX.L. 64
Gen. Railway Signal 20
201
US. Steel
561
53
$5
San Mauricio. 61
Glidden Co.
22
221
Vanadium
181
131
$2.10
18.15
10*1.
| Ch. 0.5% 1925G.gids.
Suyoe Consol.. .174
United Paracales. :34
Goodrich (8.F.): 223
233
Warner Bros. Pict...
6
G
70%
H.K. Gort. 4% Loans
$106 $108
--
350
H.K. Govt. 34% Loans
·H.K. Wing On
11011
BRITISH EXCHEQUER,
$60
&'hai Wing On M
$5,95 Viber Piling...... 12/0
Manımana Inv. (Lop) Marimans Inv. (H.K.)
15+
Goodrich $5 pr....... Goodyear Tire & Co. 261 Great Northern Iron
Ore Great Northern 'Rly, 201
55)
551
Westinghouse Elec. 981
1000
271
Woodward Iron Cor. 18
181
121
122
21
$6.40
X-ez. dlv.
Chase National B 30* National City Bark 24* Call Money
1%
• bid.
302
New York Commodity
Market
281*
1%
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company),
73 cts Wm. Powelis
****
165 sta
Paris
*Sales to Shanghai
LONDON EXCHANGE RATES
Geneva
·Berlin .....
Athens
Copenhagen
Milan
RETURNS
London, August 31.
that show Exchequer returns total ordinary revenue amounts to €254,726,509,
with as compared
£254.714,535 a year ago. Total
inland
against
£98,508,000,
is revenue
£98,511,000 at a
ponding date last year.
a
Total
(British Wireless Service)
Aug: 27
Aug. 30.
178-21/64
178-5/16
21,31
12.15
21.32 12.131
92-3/16
92-5/16
18.73
Bid
000
4.87-1/16
Amsterdam
8.94
4.87-15/16 8,923
Vienna.....}
Prague
141
1403
Helsingfors
2261
670
1/2.31/32
1-5d 53/64 4.87-11/16
Stockholm... Changhai
New York
Bucharest
Hong Kong
Bombay
Montreal
Prussels
28.811
Yokohama
Belgrade
Buenos Aires
19
Monte Video
201
Bliver (Forward)
2-27/32 19
Süver (Spot)
Rio
War Loan
UN LONDON:
1.5-27/32d 4.801
28.763
214
18.951
191
197
34% 1021
19-3/16
Closing Quotations
31% 102-3/16
On New Yoxx:- August 21, 1938.
Telegraphic Transfer... }
Bank Bills; on-demand 1907 ́Orsilits, 4 months' sight 1/3)
ON BRANGHAI ;---
"On demand
ON SINGAPORE:---
On demand
SH JAPAN :-
www. On demɗad ·
Ca iru:-
"¿Telegraphic Transter.
Bank Bills, on demand 30-1/14 Credits, 80 days' sight - 30-9/19... On Bazawa:--
On demand......... 563 OX PARTE-
i
Bank Bills, on demand 1,095 Credits, 4 months' sight 1,180
170 nom.
ON SAIGON :-
On demand
ÖN MANILA
1061
Ras
On demand
Ox BANGKOK :---
On demand........
Sovereign Noten
Bank Buying Rate
Ter, Spez Der as
"K
108
.601
1496
1/8-11 100
net
expenditure, less
higher than a year (British Wireless)."
corres-
self-
Philippine
Mining News
com~
balancing items, is £382,255,702, KILOMETER 73 Mining compared with 2332,791.182 at a pany, development work has been corresponding date in 1937.
concentrated оп the Lacandola The total floating debt out claims, on the Layong and Layab standing at £894,720,0000 15 ore shoots, according to a report
of increase
£52,965,000
made by G, M. Ivory. President, to since the beginning of the
stockholders. financial year and is £7,720,
The Layab winze was carried ago-down 94 feet along the dip of the vein in good ore and a drift from the bottom of this winze showed 57 feet of ore to the east, but none to the west due to faulting, The best Dre shoot at present s at Layong and in June it was de cided to sink the Layong shatt ap- other 100 feet below the 100 foot Level and develop the vein at this horizon
Fish In-
1!
Singapore Dry Dock
Board
Singapore Harbour workers have been fishing, in dry dock recently. From the bottom of the Redab, Malayan coasting Tessel, they filled five bags full of sucker fish.
Bucker fish, most common pa rasites in local waters, cleave to the bottom of vessels, live and feed on the clustering barnacles there.
This work was started on June 8 and on account of limited power avallable it was found necessary to discontinue development work at Layab.
The shaft was deepened 96 feet on July 13 with a total depth of shaft of 240 feet. At this point a station was put in and the vein cut 50 feet from the shaft on July 28.
It was necessary to drift through
The ship's bottom becomes their Dermanent home, even when the 37, feet of faulted ground to the hull is left in dry dock they refuse East before pia was encountered. to leave, remain firmly attached: to the boat
A
A whole crew of, men 2% employed in soraping. Strange stories are told of the things they have found at the bottom of ship-queer • coloured stones, pleces of exquisite coral, in one instance, a Malay kris, Malavan seamen have a queer belief that the sea is a spirit which lines the bottom of vessels with heavy rubbish in order to draw into the depths of the ocean
The last report from the mine dated August 10 shows 42 feet of ore averaging in with 8.37 feet with a gold content of P27.88 per [ton, The vein was then faulted 8 feet to the North into the hanging wall where a crosscur vas made.
PHILIPPINE RICE
IMPORTS
EXCEED New York Cotton
EXPORTS
The Philippines Imports much more rice than it ex- poris, figures show.
New York, August 30.
October
LOW High
8.36 8.25
New York Rubber
Sept.
16.27 16.22
Chicago Wheat
Sept.
841
627
Chicago Corn ...... Winnipeg Wheat
Sept.
October
Prev. Today's Close Close Change
8.18
8.34 .16 up 16.106 18.25B 15 up
831 627.... 531 521 52, 528 841 63) 641
1 oft
-623
up 17 off
Imports of the cereal during the Arst six months of 1938 amounted to 4,017,239 kilos valued at P443,856, according to figures compiled by the statistics division of the de-, partment of agriculture and com- merce.
Exports, on the other hand, July amounted to only 231,744 kilos valued at P31.637:
During the full calendar year totalled rice importation 1937, 1.187,085 cavans valued at P4,310, 636, Importation in 1936 was larger, 1,507,129 Cavana amounting to valued at P5,474,791
་
NEW YORK COTTON October December January March May
Close
Opening Closing
8.18/20
8.25/26
8.34/34
Change
16 up
8.25/26
8.32/31
8.41/41
קט' 18.
8.24/24
8.32/32
8.40 N
18 up
8.25/25
--8.32/31
8.39/39
14 up
8.20/21
8.27/27
8.37 N
*17 up
8.19 N
8.26/25
8.35/35
16 up
Spot
NEW YORK RUBBER
8.30
.8.46
16 up
16.10b/17a 16.25/25 ... 16.31/34 1644/45 18.53b/60a
16.44/45 16.56/57
18,25b/30a 16.44/45 16.54/54 18.56/88
13 up
13 up
10 up
.13 up
Sales for the day:-
2,940 tons.
September December March... May
While imports were less last year as compared with 1935, exports made a considerable gain. Total
ce exports for the whole year CHICAGO WHEAT 1937 amounted to 35,979 ravans valued at P275,552. This compares September with only 8,182 cavans worth F75. December 124 in 1936. ||
REICHSMARK QUOTATIONS Berlin, August 31. The Reichamark was without guarantee at- New York, 40.09. Paris. 1487.00
Amsterdam, 73.50 to 73.80 London, 12.1375
831/64
831/831
621/624
... 851/06
651/651
May....
"Monday's Bales:
671/671
644/54€ 681/87
20,311,000 bushels.
CHICAGO COEN
quoted:
September December
May
521/62
·511/511- 521/53
52)/521
511/511
521/524 51/51 521/521
588.
988
WINNIPEG WHRAT
641/843
041/64
621/622
83/84
831/831
871/871
€11/82 651/654
11 off off 21 off
NEW YORK STRAITS TIN
September
42.90 N 42-3/4 NY Silver, Oncial NY-L'don Cross Hate... 4.86-15/16.
4280b/43.30a 43.25 N
42-3/4
4.80
The Pound Sterling was quoted
in Paris at 178.30 to 178.34 and the October U.S. Dollar at 36,645 to 38.855- December
May (Transocean).
The vein in this crosscub, now shows 13.5 feet of width averaging P8.20, in gold with a considerable quantity of copper, lead and some available by the development on the 200 Level now, being made; the silver present,
ect
With the ore previously develop-ore situation de improving very
together with that hade satisfactorily.