$1,440.
$1,400
$1,480
BAT!
Do. (London)..........
£11 225
Chartered Banks
£18
Marcantile Bk. "A**
satile Bk. "C"
£13
Bank of East Asia...
$98
E
Canton Insurance $224.
STOCKS
N. C. & B. Banks...........
Union Insurance. $510.
Insurances
1895
Union Waterboats, $9.10.
1224 1510
$630
7::
"+t'sion InsuPROČNE 2000.
Canton Insurance $510
H. K. & K. Wharves. $128).
3%
18
· Underwriters, any namens
H. & S. Hotels. $7.05.
Adams Express ....... Alleghany Steel. Co., Allis Chalmers.
PAGE 12--HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers' Association
H. K. STOCK EXCHANGE
Buyers Salary
Sosial
De Bellers His Nominal WEDNESDAY,
SEPT. 7.
Banks
HK. Banks.....
FINANCE
NEW YORK STOCK EXCHANGE
(Through Router's Service)
QUOTATIONS
150
High Low Dow Jones Averages,
Sept. 3.
145,87 98.95 $0 Industrials
8277 1930 # Haih
YESTERDAY'S OFFICIAL QUOTATIONS
There was a slight improvement in rates during the short session with a fair demand for the po- pular countries.
BUYERS
Hong Bank, $1440.
2850 1.14 20 Utilition
1.70 83.39 40 Bonda
59.00 $5.00 11 Commodity Index
141,48
27,78
19.09 88.37
Sept. 7, 1938.
High Low Close Chang
142 14110141,47 · 1,01 Qil » 27.8 27.33 · 27,47 .30 off 19.80 19.31 10.7 ou .it off 65.17 48 73 Business Dono-£30,000 shares,
STOCKS
:
Last Bale Sept. 3. 6
Great Western Sugar. 271* Greyhound
271
161
THURSDAY, SEPTEMBER 8, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHÄNGE BUILDING'
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO)
· SINGAPORE RUBBER
R
19 501
Last Sale
6 Sept. 3 118 117 181
199
121
$110
Fires ............
H. K. Tramways, $171.
$70
Douglasen
$221
มง
$24 90/0
19.10
18/0
+19
$3
Shipping
Steamboats
Indo-Obinas (Prof.)..
Indo-Chinas (Del.)..
Shells
Batorboats
"Peak Trams (Qld). $61.
$72
$13
Wm." Fowel, Ltd., $0.75.
$60
H. K. Govt. per cent Loan, 6
#24
per cent pas..
90/0
19.15
SELLERS
Douglases.$70.
Amer. Can... 89
33 Amer. For. Power Amer. For. $7 pf. 18 * Amer. Locomotive... Amer. Metals ......... Amer. Radiator ..................... Amer. Rolling Mill
203
353
16
Mining
Kailang
16/0
H K. Steamboats. $221.
Amer. Smelting
183 491
$1984 $150 $1394 |
Ratbe
Yonezuola Gold Fida.
7 cta. Hong Kong Mines...... Docks, WharTOR,
Godawns, ela.
H.K. & K. Wharton... 37.45 Providants (ald)...... $7.4 Providente (new).................... $10 H.K. & W. Dooks... $19.70 Do. (new).s 3130 Shanghai, Docks B 13.00 New Engineerings 8.
Lands, Hotels, and
-Bulidings
$9.90
H. K. & K Wharves. $130.
Aner. Sugar Ring... 234
$3
H. & S. Hotels. $7.15.
Auer. Tel Tel. **
144
1447
H. K. Lands, $381.
H. K. Tramways. $17.35.
$1291
27.60 87*
$30 $3.36
$0.35
3116
[dit/61)
#161
$76
Tramwaja .......
Per Trams (old).............
Teak Trania (Dew).
Star Forfink
$241 Y'mati Ferries
Ds.
CB
China Lights (old)......
39.46 (hias Lights (now).....
H.K. Electrice ......
917 Macao Electrics...
Sandakan Lighta. Tolophones (old)........
19.55 Telephones (new)......
2013 Tractions commun
Tractions (pral.) ................... Industriais
H. K. Lands. $39/391.
"Humphreys, 110.
07.06.87.157.15/05)
II.K. Hotele
#982 139/384)
H.K. Landa.................
338
$ast
Telephones (Old), $264.
$107 Do. 4% Debentarse
$1671
(Prices below in Phil, Currency)
Antamoks Ps. .371
19
1.90 H.K. Boalties ..............................
Humphreyselymeters.
Chinese Estate La
Cotton Muh
$5,90
Atoks. 37
Frana.... Brooklyn-Manhattan
10%
$10
Bagulo Gold, .25
J
1204*
$6 cun. pf.......... Cadian Pacific.... Clise J.I.
284*
01
00
S'hai Cotions (8.)
$34
Zoong Sings (8)
398 $444
$12
Wing On Textiles (8.))
12
Public Utilitie
812) $17.35
$1743
830 60 $10,50
Dairy Farms, $20.
SALES
Hong Kong Bank, $1450. Union Insurance, $510.
H. K. & K. Wharves, $129. H. & S. Hotels $7.15/7.05.
H. K. Electrics 361/61.
Bethlehem Steel
Boeing Airplane Co. 241 Borg-Warrier
Briggs M'facturing. 361 Brooklyn-Manhattan
Amer. Tobacco : "874861 aner. Waterworks... Aucunda Copper ... Atenson, T. & 8. Fe. 353
10
341
Auburn Motors ...... Baltimore & Ohio Barber & Co. ...
*31*
8 20
Barnsdall Cu
18
59]
$11)
381
$281
$9.63
::
$4.00 Bopes
Consolidated
Chins Prov. (old)........ China Prov. (new)................ MiscellaneORE
Dairy ECAM --******** Ch. E'tainmanta ...................
$190 Constructions (old).
| Constructions (new)........]
+6/
514
$18 Cald., Hacg. (Pend.) B.
Cald., Macg. (Ord) 8.
| 3170-Casion Ioes
$17) Cementa
$1.80 8171 $4.99
$8.40
#261
$1390
Easier.
Benguet Consal, 11.60
Coco Grove, .42
Consolidated Mines, .0035
Demonstrations, .304.
I: X. L, 86
San Maurielo. 81
Suyoc Consol...19
United Paracales, 37
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver The price for Ready dropped 1/16 yesterday to 19 1/16. The Forward rate was unchanged at 18 13/16. Süver advices reported the market as being steady with very Httle doing. American Silver was quoted at 42 3/4 for Spot.
The London/New York cross-rate was quoted at 482.25. New York London was quoted at 482.1/8.
MARKET
Chesapeake & Ohio 30)
Chrysler Carpn.
Columbra Gas & E. 769 Columbia 6% "A" pí. 649* Commercial -Credit.. 501 Commonwealth & 8. li Commonwealth & 8.
8% cum pl.
Consolidated Cul
grams ... Douglas Aircraft. bu Font
*****... 1344 Eagle Picher: Lead 101"
71 Elec. Bond & Share Elec. Bond & Share
$5 pt. Elec. Bond & Share
$6 pr. Elec. Power & Light
$t pf.". Flintkote
STERLING
$ Lans Crawforda
Nanyang Tobacco ....
35
$3.90 Bincers'
**2.05
$3.15 Watsons ********
18:10
69
Ch: GL5519250ʻREda.
89%
H.K. Gort, 4% Logna. ) 1$106
/pm H.K. Gort 31% Loan
3101
H.K...ing On!
$80-
S'hal,Wing On........
625 Vibro Piling ..........
$8.40
⠀ ⠀ 5 ÷ ÷ £ £ • C ⠀ ⠀ € ? ? + ¬¤Œ£88** • t-gâ?‡** ***⠀⠀÷-¶ #$gTM & 2 a8976aðïå⠀ ⠀⠀
Corpn.
181
Becker Products ... Int. Nickel .....................
11
18+
49
Int. Tel & ToL...
8}**
8
SP
Kennecott Copper... 41 Libbey-Owens- Ford
Glass
401
OCT.-DEC...
JAN.-MARCH
Lockheed Aircraft Loew's Inc.
53
143
.521
131
52
511
223
Martin, Glen La .......... |MoKeson đỏ
34 bios, 33 pf. ............................. Monsanto Chemical 95 * Montgomery Ward...... 481
221
22
• Rob-
וי
3-4
95 462
Kat. Dairy Products 134- Nat. Distillers 24 *
Nat. Power & Light 7
13
-243
67
Nat Supply Corpn. 171
161
New York Central... 181 -
181
North
N. America Aviation America Co.
ទ
91
201
20
Northern Pacifie
111
341
Pacific Gas & Elec 26
26
Pacific Lighting....... Packard Moters .............. Paramount Pictures 11
351**
361
6
47
11
Pennsylvania RR 197
197
SPOT
Phillips Petroleum.
401
39)
JAN.-MARCH
Public Service of NJ,
291
291
APRIL-JUNE
Pure Oll
10%
101
Radio Corpn. of Am.
T
71
751
Republic Steel
181
18
Reynold Tobac. "B"
424
42
647* Schenley
174*
173*
Schenley, 51% pfd...
138*
734*
Sears Roebuck
74
731
Shell Union Gil
150
153
382
Socony-Vacuum Oil
14-
13A
Consolidated Edison 201
Southern Pacific
173
18
9
Southern Rly $5 pfd...183
181
Continental Can
41
Standard Brands ...
71
.71
Continental Ou
30
Stand Gas & Elec. "$1"
Corn. Products ...... Curtiss Wright (C) Curtiss Wright "A" 22 221 Distillers Corpn. Sea-
69
Standard Oil of NJ &
53)
Stone & Webster
101
10
Swift
International 274*
Technicolo:
213
207
161
Texas Gulf Sulphur 382
361
474
133
20th Cent. Fox. Films 281
do.
261
Films pf....
35)
35
Union
Carbide
&
Gaikan
841
64
Union Pacinc
91
31
47 *
United Aircraft ......
261
25
United Airlines Trans
54
United Corpn.
21
21
United
Corpn. $3
361
cam. Di......
314
31
231
United Gas Corpn. 31.
34
Gen: America Trans 50 Gen. Eléctric
401
Un. Clas Eprovem't 10
10
421 48"
U:S. Rubber
401
45)
I 473-
US. Rübber pi.......
877
783
Us. Steel. 59
584
231
24
157
Vanadium
........ 194
191
Warner Bros. Pict....
Westinghouse Elec. 1034
1961 01
10211
Woodward From Cor. 18"
Chare National Bk. 301"
181* 301*
National City Bank 241
Call Money
.1%
,231* 1%
bid.
Sept. 5
Sept. 8
buyers
28-7/8 27-3/8 27-5/8 28
sellers
buyers sellers.
Change
27-1/8
".. 28-1'4
26-5/8. 26-7/8 of 1/4 27-1/8 27-3/8- 27-3/4 28
of 1/4 of 1/4
"
The market opened 1/8 of a cent higher for all deliveries as com- pared with Monday's closing quotations. :
The market ruled steadler during the day, mainly due to reports of a more hopeful outlook on the European political situation. De- mand for "spot" Rubber was fair, whilst also good enquiries by deal- ers and speculators for forward positions were in evidence,
After business having been transacted at quoted rates, the market advanced by 1/8 cent for all deliveries on further fair buying interest being displayed by dealers und speculators, but it was difficult to ar range business due to the reserved attitude of sellers.
Closing tone was quiet, but steady:
SS
It was announced that total imports of Rubber from outside British Malaya during August amounted to 13,735 tons as against 18,713 tens for July and 14,394 tons for June.
LONDON RUBBER
Previous close
Today's close buyer's sellers buyers sellers
Change
|
7-7/8 ...... 8
8-1/16
8-1/4 8-3/18 8-3/18
7-15/16 7-15/16 8-1/18 up 1/18 5-1/16 8-1/8 8-3/16
ap 1/8 up: 1/8
Market opened steady in sympathy with the East and improved In response to better international political atmosphere. Fair bust- ness.
NEW YORK COTTON
Trading was early moderately active, but prices later declined" op lower Liverpool advices, the weakness of Sterling, nervousness over the European political situation and increased private estimates. There was a partial rally at around the..10 basis for December, but additional hedge-selling then appeared and prices finally declined fur ther to close barely steady.
NEW YORK' RUBBER
Higher advices from London and Malaya and the subsequent house and steadiness of the Ipidon market caused commission local buying carly in the sesalon, but prices. subsequently, dfifted downward on scattered offerings and on selling by dealers and com- mission houses.
CHICAGO WHEATE
The pronounced weakness of the Liverpool and Buenos Aires mar- kets and the disappointing progress of the Federal subsidy plan in- duced general selling and stop-loss orders. Further bearish factors were increased Italian crop ideas, keen export competition abroad. liberal Canadian offerings and an increased visible supply.
150
12/3 Marumans Lav. (Lon.)
344 Martins Day. (HX.)
"Wis. "Powili m
75 cla
wgáles to Shangbai *
LONDON EXCHANGE RATES
91-11/18
“(British-Wizsions. Service) - -
Bept. 3
Sept. 6
Paris
178-19/64
178-5/10
Зепета
21.281
21.31
Berlin
12.091
12.03
Atheris
Milan
921
Copenhagen
Stockholm
Shanghai
18.73 Bid
4.84). 8,92-3/16
4.82-5/16 8.92
1401 228-3/4
870
1/2 31/32
******. 1.5-27/324
4,851 28.69
1-5429/32. 4.831
: 28.531
214
New York Amsterdam
Vienna
Praque p
Helsingfors is ju
Bughareit
Rong Kong
Bombar
¿Prussels
Yokohama
Belgrade
Buenos Aires:
“Monte Video
Ric
30ver Forward).
Silver (Spot)
War Loan Mak
ON LONDON :----
18.99 201
1,31/32 191 18.991 18-13/18
Closing Quotations
Peptember 7, 1938.
Telegraphic Transfor... Bank Bilis, on deman1/27
Oredita, 4 months' sight 1/3
On demand
IN SINGAPORE:--
On demand
19.051 *720
18-13/16 19
34% e/o 102.
Or New York:--
Bank Billa, on demand 297 Credits, 80 days'.eight=303 ON BATAVIA Z
On demand ON PARI:-
anden"
55 3/18
Bank Billa on temand 1,095
Credits, 4 months' dight 1,180
170 nom
ON SALGON
On Besond
ON, MANTIAL
On demand
On Bangið¤:-
Some business was reported at 1/3 November. The market closed with sellers at 1/3 September | /October and 1/2 31/32 November January, buyers at 1/3 1/32 Cash /October /January,
and 1/3
December
U.S. DOLLARS Some business was reported early in the morning at 30 1/8 September and Cash. The market closed with sellers at 3D 1/16 September/Octo- per and 30 November December, buyers at 30 1/8 Cash/October and 30 1/18 December January,
SHANGHAI DOLLARS
176.
SINGAPORE STOCK QUOTATIONS
The following quotations of 12 leading Singapore stocks have been and received by Messrs. Ellis Edgar from Messrs. J. M. Sassoon & Co.. Singapore.
Singapore, Sept. 2. MIDDLE PRICE Robber Shares
Gen. Motorė mat.
Gen. Rallway Bignal 201 20
Glidden Co.
Goodrich (F) Goodrich $5 pf. Goodyear Tire & Co. 281 dreat Northern Iren
124* Great Northern Rly. 21
MEXICO MULCTS OIL COMPANIES
RISE IN GOLD
PRICE
London, Sept. 1.
New York Commodity
Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
'B. L. «Levy & Company)
New York, September 6. New York Catton Dec. New York Rubber Dec. Dec. Chicago Wheït. "Chicago Comm
Winnipeg Wheat - Dec.
Free. Totay's High Low Close Cibee Change 8.14 8.03 8.15 8.03 12 0 184 18.31 1044 4631 13 of
637 612 64 $21 481 472
481 587 66k 591 57+
48
21 01
13. off
NEW YORK COTTON October
Close
8.10/10
Opening Closing
8.08/06 7.98/98
Change 12. of
December #e
8.15/16
8.11/11
8.03/04
12 0
January March May
(1939).
8.15/15
8.11/10
8,00/00
.15 of
>
8.11/11 8,05/07
7.97/97
.14 off
"
}
8.11/11
8.07/09
7.90/96
.15 off
reached July besides Spot
} ...
6.10/12
B.05/05
8.22
7.95/95 8:10
,15 0
.12 off
The price of gold reached 144 shillings, 21 penge Jes- terday is the result of con- tinuance of the abnormál demand, this being the high- est price reached, since May, 1935.
The official
turnover
about £2,500,000, |; but
this considerable amounts of pre- clous metal changed hands NEW YORK BUBBER through transactions conducted
Mexico, City, Sept 7. Under a ruling of the Supreme Court, oil companies whose property has been e propriated by the Mexican Government have been ordered. to pay their workers approzí. »
WREE mately £6,000,000 s and emoluments. The companies are held to hate broken their collective labour con tracts by their refusal to acepot the Award of the official Arbitration Amalgamated Malay Estálba Ltd. and Conellation Board $1.00; Kempas Limited, -$1.95; Kuala Sidim Rubber Co., Ltd. $2.25; Pajam 'Limited, $185; Sun-Brasenose College, who has gained
Contrary to the movement of gel Bagan Rubber Estates, "La Corporation to the extent of ap--
Estates Poximately £4,000,000, was not the precious metal marget the Rubber $1.50;Tapáh
utlanticipated in local of circles, stations exchange rate improved. Limited, $2.00 c.d. 31 per cent.
who do not doubt that it will be the dollar declining to 4.83. This Tin Shares
ignored pending a showdown on development was generally at CHICAGO WHEAT Petaling Tin Limited, $7.90, Sunthe legality of the major lue of tributed to the prevalence of a gei Luas Tin Dredging Ltd., $1.60.
jexpropriation-(Renter). Industrial Straits, Trading Co., Ltd., 26.85; United Engineers Ltd. (Chuinary), $8.55: Wearne Brothers Ltd., $14.85. Gold
Raub Australian Gold Mining Co., Ltd., 15.224 c.a.
(Note: The above quotations are in Straits Dollars).
QUOTATIONS
Berlin Sept. 7. ⠀⠀ The Reichsmark was quoted --without guarantee at:
Paris 1480
The
verdict, which hits
EXCHEQUER RETURNS
London, Sept. 1. Exchequer returns sków - that total ordinary revenue amount to £286,880,733, compared with £208. 020:387 at the corresponding date
of dast year.
outside the metal market at prices September
above the official rate.
December
18.23b/30a
16.136/178 .10 on
16.44/41
16.53/52
March May.....
16.58/67
16.65/42
18.64 N
16.70b/14
16.31/33- 18.39/40 16.46b/50a
13. off 17 off
.18 of
Sales for the day:-
3,600, tons.
that the market was to some ex- Saturday's Sales:- tent influenced also by interven
tion of the equalisation fund.
The rise in the rate of exchange
September
less pessimistic view of the inter-Beptember national affuation in Central December Europe, but it is thought probable May.
621/621 642/04/ 652/651
634/831 658/651 11,948,000 bushels.
601/601 521/62" 037/631
off
Br
CHICAGO CORN
601/50 484/481 48/481 504/501 50/501
50/501
48/481
·504/504|
989
off
WINNIPEG WHEAT
October
501/601
588/58)
511/57
501/501
581/589
521/621.
577/573 51/511
Di sterling was accompanied by December an improvement on the share May ...... market-(Transocean).
Total expenditure, less self- December Income tax, surtax and stamps balancing items, is £407,500,823 May have all yielded more to date than compared with £354,800.730 at the
103
EICHSMARK The
60
On demand
On demand......... Sovereign Notes
London 12.04
149)
Talographic, Tzunates
"Bank Buying Rath........ 1-82-1/16 Ra RiÍVAT DET NE
#12.1/35
Paris Sterling, 178.30 to Paris Dollar. 36.86 to 36.98 (Transocean),
178.35
lesz.
outstanding since the begining of December
43.55 k
42,65b/42,40/43.20 N
Receipts from customs and excise are alightly less than a year ago,
the financial year 1 £69.225,000---| NY Silver, Oficial 42-3/4
NY-Ldon Cross Rate., $84-3/18 (British Wireless).
42-3/4: 4.82-1/8
18.1/16
IN JAPAN:-
Ca irrui
a year ago, but at £33,100,000, corresponding date of 1937. The NEW YORK STRAITS TIN estate duties are over £7,000,000: net mcrease in the floating debt p