PAGE 12-HONG KONG DAILY PRESS
4 E
DAILY SHARE QUOTATIONS Hong Kong Stock
"Exchange
310
H.K. Bankı
Mining
#128
19.10 Waterbosta ..........
16/3 Kallang
Haubo
€3 Venezuela Gold Filia
7) eta Hong Kong Mion......
Docks, WharTOR,
Godowns, eta.
H.E. & Wharves...
$7.30 Providents (old).........
Providenta (De)..................
#71
$20 ILK & W. Dock.... $19 Do. (DE)..........
190 Shanghai Docki 8..... $3.90 Now Engineerings 8.
Lands, Hotels, and Buildings
H.R. Hote
$38) H.K. Lands .........B. $107 Do. 4% Debentures 5.40, Shanghai Lands B.
$6.95
!
!
#1291
THE EXCHANGE MARKET
MESSRS. ROZA BROS.“
Silver prices were higher yester- day to the extent of 1/18 for Ready and 1/8 for Forward, the quota- 19.3/16 tions being 10.7/16 and respectively. Silver advices re- ported purchases made by India and America. Sellers were grarce. The market was 'steady. American Silver was quoted at 42 3/4 for Spot.
The London /New York cross- rate was quoted at 481.06. New York London was quoted at 480. 7/16....
FINANCE
NEW YORK STOCK EXCHANGE -
119345
(Through Reuter's Service)
QUOTATIONS
Utilition
"Sept. 13, 1938.
da so'
Fligh Low Dow Jones Averages, Sept. tu. Big Dowlose Chang
138.38 140.87 188it 1419 19 Lắp 145.87 DS 30 Industrial
26.83 24.71 28.25 94,66 39.77 19.00 90 Haile
18.83 18,02 18.73 .13 up 2235 10.14-20
$7.64 , off VLY $3.39
Business Dode:~600,000 #bares.
40 Bonds
.18.60 8:.76
39.00 45,03 Jumwodity lodes' unquoted
161
78
481
WEDNESDAY SEPTEMBER 14, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
JAN-MARCH
(FROM PAYNE", & CO.)
SINGAPORE RUBBER
Sept. 10 buyers. sellers 28-1/4 26-1/2 26-7/8 26-5/8 27-1/4 27-1/2
Sept. 12 buyers sellers 26-1/2 28-3/4
Change
up 1/4
23-7/8 27-1/8 up 1/4
21-1/2 27-3/4 up 1/4
The market opened with prices unchanged for all deliveries as compared with Saturday's closing quotations.
Early in the morning the market ruled very quiet. Although des mand for "actuals" was fair, dealers and speculators preferred to maintain side-line positions, awaiting the fixation of the permissible export-quota tor October-December by the LR.R. Committee's meet- ing scheduled for today. The fact, that American consumption in creased by about 6,000 tons over the July figure, which was more than expected, 'caused apprehensions of the Committee deciding on a re- lease of 50 to 55 per cent. Such action, it is feared, might put the market on a lower level temporarily.
Later in the session the market encountered easiness on further disquieting European political news. Prices gradually declined by 3/8 cent for all deliveries on profit-taking and selling, mainly for specula- tive accounts....
During the last trading hour the market became very weak on further persistent selling pressure, prices sharply declining by 1/2 cent due to scarcity of buyers. Closing tone was weak.
> 281
Sharebrokers' Association
Buyerello Palos
Nominal
TUESDAY. SEPT. 12.
Bazar Bellazo Bales Mominal
Banks
$1,460
$1,450
Do. (London)
211
Chartered. Banka ****
£11
EXO
Marcantile Bka. ***A**
£13
Maresatila Bia. "C"
Back of East Asia ....
$98
S. C. & B. Banks...........
12
Insurances
20
9794
Canton Insurancès.......
1010
$510
Union InsursOCES .........
32
|Undarwriters resseggene
3303
H.K. Fires ....
Shipping
"
072
$70
· Donglands
3221
Steamboats
Anima
$221 BU
MARKET Uncertain at the opening but later steadied up slightly.
Last Sale STOCKS
Sept. 10 12 101 101 Adams Express ........
181 Alleghany Steel Co. 171 Allis Chalmers ............ Amer. Can
-STOCKS
Last Sale
Sept. 10 12
Great Western Sugar
274*
273!!
Greyhound
Corpn.
153
48
481
Hecker Products
T
31
97.
98
Int. Nickel
481
Amer. For. Power Amer. & For. $7 pl.
31
30
Int. Tel. & TeL ......
8.*
B
171
17 *
Kennecott Coppar ...
30
401
$110
Indo-Chinas (Pref.)....
Indo-Chinas (Del.
$24
28/5
87/6 Bball
29.15
15/9
$89.90
$3
37,20
87.10
* STERLING
1/2 31/32 Was indicated sellers for November at the open- Ing but a demand at that rate was not met. Business was arranged later at 1/3 for Cash and also for The tone at the close September. ati p.m. was steady with sellers at 1/2 31/32 September December and-1/2 15/18 January February. buyers at 1/3 1/32 Cash" (Septem- ber and 1/3 October December.
Amer, Locomotive ........
183
191
Libbey- Owens- Ford
at
Amer. Metals
34
331
glass ....
501
511
SPOT
Amer. Radiator ......
151
151
Lockheed Aircraft -
131
133
OCT.-DEC.
Amer. Rolling Mill...
173
18
Loew's Inc."
481
50
Amer. Smelting ....... Amer. Sugar Ring ... Amer. Tel. & Tel.
457
481
Martin, Glen L.....
21
211
..
221
221
McKesson &
Rob-
1427
1407
binx, 33 pf. merona
34
331"
85
Monsanto Chemical 951
97
91"
91
Montgomery Ward... 481
471
324-
337
Nat. Dairy Products 127
124
341
351
Nat. Distillers 231
31
31*
Nat Power & Light
61
ง
81°
$3080
Nat. Supply Corp.
17
23. 61 181
$191
191
197
New York Central...
174
18
#30 $3.05
171"
171
581
N. America ¿víntios North
81
81
America Co.
187
191
232
Northern Pacific..
11
*111
*341
Pacific Gas & Elec
25
251...
351
Pacific Lighting......
364*
371
£38
$36
1
Packard Motors
41
41
SLA
91
Paramount Pictures 101.
$5.90
Pennsylvania R.R.
157
19
Humphreys
$5.00H.. Realties ..................... $:0
28..
Phillips Petroleum ....
391
391
$10
Chinas Estates -------
Public Service of NJ.
28)
Cation Mill
Pure Oil...
101
10
•8101
$19) }Kwai (6.)
Radio Corpn. of Am.
71
$85
$85
8b Cottona (9.)
Republic Steel
171
177
124
Zocag Sings (8.) ......
#42
Wing On Textiles (B)
Pablle Utilities
Reynold Tobac. "B" 401 Schentes
401
171
173
8174917
$17.10
481
Schenley, 51% 'pfd... 73*
•
|Tramways conog
381
Peak Trams (old)......
18
Sears Roebuck.....
691
591
Fask Tranza (now).......
Shell Unton Oil .........
144
181
B POT
$78
Star
Ferrien
$271
Socony-Vacuum Oil
13
131
JAN.-MARCH
$24
Y'asti Ferries CBS
Southern Pacific...
171
171
APRIL-JUNE
$24
Do.
(new)
China Lights (old).......
Southern Riy #5 pfd... 173
171
Irtina Lights (new)...........!
Standard Brands
74
..Th
$60.
|H.K. Electrics
$30
Stand Gas & Elec.
31
31
Standard Cl of N.J.
514
521
Sandakan Lights.
stone & Webster
91
91
$987
213
105 Telephones (CER)..
$8.66
"9478
Swift International 201 Technicolor
261*
3
191
191
263 Traction (prof.)
"Industrials
$14
$13
Cald., Macg. (Prat.) 8:
Cald., Mang (Ord) S.
$1.70 Canton loc
$1.80
8174
30 for October.
Some business was reported at The closing tone
Douglas Aircraft Du Pont:..... Eagle Picher Lead 104 Elec. Bend & Share
+51
Texas Gulf Sulphur 354 20th Ceat. Fox Films
36
251.
251
1291
132.
do. · Films pf.
331
33 *
Union
Carbide &
87
Carbon
'811
831
Union Pacific
.87
88
$4.00
451*
United Aircraft.......
26
25%
ber
United Airlines Trans
91
01
52/
United Corpa.
24
22
United Corpn." * $3
33
•
*
231
cum. pf. ....an sto United Gas Corpn.
302
30+
31
34
Gen. America Trans 481 Gen. Mectric
Un. Gas Tprovem't
01.
.97
401.
U.S. Rubber
442
461
451
U.S.-Rubber på. .......
801
861
Gen. Railway Signal 193
US, Steel
571
59
$50
13/1
2/4
$6.6 Vibro Piling .................................
Marumans Inv. {Lop.} Maramans Inv. (HK)
75 at Wm. Powells
Glidden Co. ..... Goodrich (BF.) ....
55 Goodrich $5 pl. Goodyear Tire & Co. 27) Great Northern Iron
Ore..... Great Northern Ris.
212
Vanadium
181
131
221
Warner Bros. Pict.... Westinghouse
61
62
Mec." 994
102)
Woodward Trón Coz. 181
187*
12
191
Chase National BK, 29j* National City Bank 234 } Call Money k
292*
23 *
....1%
↑ es. div.
1%
bid.
$9.36
$174 Macao Electrics
$16) Telephones (old)...
20/3 Tractions an
***
917) (Camente do
$4.90 Ropes
#20
Consolidated
Chios Prov. (old).......
China Prov, (new)..................
Miscellaneous
Dairy Farma
Ch. E'tainments - $6,30 8130 Constructiods (eld)...........! Constructions (new)...........
$8.70 Lane Crawfords..........
Nanyang
$2.20 Staceres
Tobacco
Watsonin
$2.06
$8.1
67%.
Ch.0.5% 192543.85ds,
B.K. Govt, 4% Loss
7pm
$100
H.E. Govt. 21% Logan $101
H.K. Wing On avera
¡B'hal Wing On
A
1.
85)
$17.10
U.S. DOLLARS Opened with a quotation of 29 15/16 sellers and 30 1/18 buyers with the probability of buyers ac- cepting 30 but business did not result except at 30 1/16 for Cash market The September. and closed-at-i-pm with sellers at 30 September and 29 15/16 October /December, buyers at 30 1/18 Cash !October and 30 November /December.
SHANGHAI DOLLARS
1174 1/2 to 173 1/4.
SHANGHAI MARKET.. The tone was steady in Shanghal Sterling and US$. opened at B.17/32 and 17.1/16 sellers respec- tively rising to 8.39/64 and 17.1/4.
IN THE AFTERNOON The tone in the afternoon was if anything somewhat steadier.
"STERLING
"Some business was reported at The market 1/3 for September. closed with sellers at 1/3 Cash arid 1/2 31/32 November /December. buyers at 1/3 1/32 Cash /Septem ber and 1/3 October December.
U.S. DOLLARS
Amer. Tobacco B 85 Amer. Waterworks ... Anaconda Copper Atchison, T. 1 8. FE. Auburn Motors Baltimore & Ohio ... Barber & Co. Barnsdali O11
60] Bethlehem Steel ...... Boeing Airplane Co. 23
321 Borg-Warner Briggs M'facturing. - 344 Brooklyn-Manhattan.
OF Brooklyn-Manhattan -
ss cum. pi Canadian Pacific ...... 6 Casë. J.I.
Chesapeake & Ohio 293 Chrysler Corpfl. ...
61 Columbia Gas & E. Columbia 8% “A” pf. 67 Commercial Credit.. 47.
11 Commonwealth & 8. Commonwealth & S...
8% cum pt. mun Consolidated' Edison 254 Consolidated 01 Continental Can Continental O Corn. Products
43 Curtiss Wright (C)) Curtiss Wright "A" 14 Distillers Corpn. Bea-
154
grams .....
$26
$1.90
!December,
29
30
November
was sellers at 30 September Octo-Elec, Bond & Share
$5 pf.... 15716 November and December, buyers at 30 116 Cash Elec. Bond & Share
$8 pf. /October and
Elec. Power & Light
$7 pt. Flintkote
SHANGHAI DOLLARS
173 1/2 sellers.
SHANGHAI MAKKET "Steady. Last advices indicated Sterling sellers at 8.39/64 and US.S. at 17.1/4.
Gen. Motors...
H. K.
4
$6.40
The
176.cha
724
384*
BI
39"
281
681
• * * 7 * * * * * * **** **** * ₫ 33÷ZFs⠀⠀ES Ea
Shipments of Estate and Native Rubber from the Dutch East Indies during August amounted to 23,631 tons as against 85,651 tons for July, whilst Exporters' Stacks of Native Rubber on August 31 totalled 14.000 tons as against 12,598 tons at the end of July.
LONDON RUBBER ·
Previous close buyers
Today's close
sellers
8-1/8
sellers buyers
77-19/167-15/16 8-1/16
Change
up 1/4"
7-15/18 8-1/18 8-3/16 8-5/18 .. up 1/4
8-1/&.. 8-5/16 8-3/8
8
up 5/16
Market firm, following the quota announcement. Good American enquiry and large turnover.
Rubber stocks held in the United Kingdom showed a decrease of 192 tons for the week ending September 12, 1938:
*** NEW YORK COTTON
The market was fairly uctive throughout, although most opera tors tended to keep to the side-lines, awaiting developmentà ti the European political situation. Prices early went higher on Trade and Bombay buying. but the volume of demand was negligible and the market reacted on bedge-seiling. Finally, prices again rallied on bet- ter buying by Wall Street and spot-housei
:
NEW YORK RUBBER
With the rubber quota unchanged at 45 per cent, and a continued sharp reduction indicated in stocks of the raw material, prices ad- vanced today on-re-buying by rerent sellers, while the Briness of the market was enhanced when sellers 'adopted a markedly reserved attitude
►
CHICAGO WHEAT
Lower Liverpool advices and reports of favourable rains in the South-West brought about. liquidation and prices declined on this and Fon reports of freer offerings by foreign countries, particularly Russia.
New York Commodity Market
*Sales to Shanghai
LONDON” “EXCHANGE
Paris
Geneva
Berlin
Helsingfors
(British Wireless Service)
Sept. 9
178+
21.8i 12.021
91-7/16
RATES
Sept. 12 178-19/64 21.301
12.01
91-7/16
Athenis
Milan
Copenhagen
Stockholm
19.40
Bhanghai
aid
New York
4.81
4.81i
Amsterdam
3.917
8.92
Vierins
Prague
1392
1393
228-3/4
Bucharest
670.
Hong Kont
1/2 31/32
Bombayments
Montreal p
Prussels
1/5-20/32d." 4.821 28.60
4.831 .28.581
Yokokama
Belgrade
Buenos Aires (.............
214 19.07
19,061
Monte Video
.20...... 2-29/32 10-1/16 191 31101-18/16
2-15/18
Silver Worward) linii
Silver (Spot)
War Loan i
LONDON:
Closing Quotations
September 14, 1938.
Telegraphic Transfer: 1/87, Bank Bills, on demand ĺ Credits, 4 months' sight - 1/3)
OK SHANGHAI ? ---
Singapore:
On New YouIC # -----
بية
19-13/16 18-7/16 -331001
Bank Billa, on demand 294 Orditi, 10 days' night" 201 |ON BATIVELY==
On demand.
O Pants:-
50-3/16
Bank Bills, on demand 1,095 Credits, la bontha' night 1,180 UN SAIGON:--
On demand
STOCK EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
There were indications of renew ed interest in the market and small enquiries found an absence of sel- lers.
BUYERS
Hong Kong Bank $1450. Union Insurance, $510. H. X. Fire Insurance, $205. H. K. & K. Wharves, $128). H. & 8. Hotels, $8.95.. Peak Trams (Old), $63. Sandakan Lights, $9.35. H. K. Govt. 4% Loan, 6% pm
SELLERS*
H. K. Steamboats, $22.
H. K. Tramways, $171.
SALES
"H. K. Tramways, $17.
7
Prices below in Phil, Currency}
Antamoks Ps., 40 Bagulo Gold, 23} Benguet Consol, 12.00 Coco Grove, 42}
I XL, 66
San Maurtelo, .70
Buyor Consol., 19 United Paračales, 34)
A.K. SHAREBROKERS' ASSOCIATION BUYERS
Banks, $1450. Providents (Old); $7.15. Hotels, $6.95.
Oi
demand
370 nom.
On
63-30 ON MANILA ÉS
genus
-108
Lands, $38.10.
On demand
Trams, $17.
ON JAPAN: ---
OX BANGKOK :-
On demand
100
On demand
601
1491
Sovereign No
Electrice, 15925. Coco Grove, 70 cta.
SALES
Telegraphic Transfer,....... 192
Bank Buying Bate..... 1/3-1/16
Tándő, $38.
19-7/10
of
Chosen Corporation Meeting
Presiding at the annual meeting the Chosen Corporation. Limited. Mr. G. W. B. Portman the chairman, said that at the recant extraordinary general meeting he had reported that an agreement had been entered into for bringing into the coffers of the company the proceeds of the sale of their interest in Nurupi and certain other resources.
CEYLON EXHIBIT AT THE LEIPZIG FAIR
(By Courtesy of Messrs. Swan, Culbertson & Fritz and. S. L. Levy & Company)
New York, Sept. 12 (Monday) ·
ո
New York Cotton
Dec.
7.99
New York Rubber
Dec.
10.87
Prev. Today's Elgh Low Close Close Change
7.90 18.35 15.94
7:93 7.96 16.03
.13 up
קני .89,
Chicago Whent
Dec.
631 624 631 822 1 on
Dec.
491
491
49%
-491
11 off
Dec.
82
60%
617
1 of
Chicago: Corn Winnipeg Wheat
Ceylon is taking part for the first time in an exhibi-. tion on the Continent of Europe. She is exhibiting st Germany's treat Leipalg Fair which opened on August 28. Ceylon's display was prepared at the office of the Trade Com-
It ongists NEW YORK COTTON missioner in London. entirely of tourist propaganda,
October the centre-piece being a great diorama 15 feet long and six feet That agreement had been comi- wide, representing a Sinhalese pleted, and the company had re-village and the famous Kelaniya ceived in London the equivalent Temple
of £205,148, of which £14,713 was in sterling and $928,911.19 in United States dollars: there was
a balance of approximately £140. 000, in a Far Eastern currency. making a grand total of some £345,000.
They had also received from Kapam a draft: which should realize about 270,000, and the directors expected a further sum receivable li respect of tax re- covery, some £200,000 being in question.
I'
The future polley of the company would be to conduct the business with due regR to co-operating, with interests In the Far East as a mininz and finance house,
In the course of a brief discus- ston amendments were proposed for the adjournment of the meet ing and for the appointment of a committee of shareholders to con- fer with the board on muture policy.
RUBBER QUOTA NEW YORK RUBBER
Lofon, Bept. 13. September The meeting International December
Committee March ... Rubber Regulation yesterday fixed 45 per cent of May. basic quotas for 1938 as the per- missible exportable amount for the months of October, November and December. THAT
The next meeting will be held on November 15-(British Wireless).
A
Sales for the day CHICAGO WHEAT September December May...
Close 7,20/90
Opening
Closing
Change
7.92/93"
7.94/95
,05 up
December January March May
7.93/93
7.94/94
1.96/96
·.03: up
- (1939)'
7.90 N
7.93/93
7.94/96
..04.
)
.7.83/85
7.28/90
7.95/95
.07
{
}
... 7.83/84
7.86/55
7.90/91
קנד .oi
July Spot
()
... 7.83/63
77.83/84
7.89/90
:06 Ep
8.01
8.08.
05
up
15.78b/83a 15.94/95 16.35/41 16.63/65- 16.06/09 16.48/52 164.73/74 16.17/18 26.59/59 14.84/04
2,380 tons
16.48 B
3988.
621/621 634/63 .047/642.
.629/624,
Saturday's Bales
CHICAGO CORN
613/613 621/621
841/64) 641/641
13,180,000 bushels
511/514 491/50
·613/511|
· 408/401.
40/401
52/521
514/5117 511/511
817/812
612/81
611/517
614/911
054/65
Total: 2,585, oza, 2.189 One ozs.
NEW YORK, STHAFTS TIN December
report and accounts were adopt NY Silver, Oicial
NY-L'don Cross Rate
43,00 N *42-3/4
481-1/16
RAUB OUTPUT I
The Hong Kong Stock Exchange September has received the following cable December from the Raub Australian Gold May Mining Co., Med
WINNIPEG WHEAT Report No. 537 Battery treatment: 4719 tons October....
December 11.577 028. 1,483 fine ozs.
May
Re-treatment: 7,189 tons, 1,008 ozs. 401 fine ozs.
Both amendments were defeat led on a show of hands, and the ed.,,
611/611
- 613/61)
· 651/65)
42.45 Traded 42/2-1/2 Traded
42-3/4 4.80-7/38