1938-09-15

STOCKS

Adams Express. ................... Alleghany Steel Co. 18

Allis Chalmers

Anier. Can

Amer. & For. Power

Amer. For, $7 pf.

Amer. Locomotive

Amer. Metals ....

Amer. Radiator ******

$6.95 H.K. Hotal

$6.05

$50

38/391

H.. ·Lands.....8.

338

38/38+

9107) Do. 4% Debentures

| SILT).

Baltimore & Ohia ... Barber & Co...**.*** Barnsdall Ou Bethlehem Steel ...... Boeing Airplane Co. 231 Borg-Warner Briggs Mfacturing – Brooklyn-Manhattan

#6.00

$5.50 HK. Rösilise

Brocklyn-Manhattan

810

Humphreys...et

$98

Chiscas, Estate.....

$10

124

$42

Public Utilities

$17 SIT

Tramways

翻建

Peak Traza (old)......

161

33)

Peak Trams (new).............

$76

Star Ferries

$241'mati Ferries C.B.5

Do..

na Lighta (new).....

800H. Electrics.....

*Cotton Mill

110.30 E (6.)

#48 Colione (8.)

Zoong Sings (8.)....... Wing On Textile (8)

8191

$95

The guests were received in "La

$6 cum. pf... Plaza." around which are the Canadian Pacific... offices of the purser, the consul- Case. JI. ting room

PAGE 12-HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Beyen Ballers Balen Nomina]Į

{3,450/6)0

LEL

Sharebrokers'

WEDNESDAY.

SEPT. 14.

Banku

H.K. Banks .................................

Do. (ol, Reg.)......

Do. (Lon. Reg)...... 2111 Chartered Banks' .... 238 Marcinilla Bks. "A" 213enatis Bka. "C" Bank of East Anín .......

199

N. C. & B. Banks.....

Interacces

$136 Calon InmFences..............

3319 Union. InsuCRAGRA •.**** Ludorwriters versummert

Association

Buyers Sher

PADINI

Baina oiDAI

tru

$1,450 LÉS

£11

£28

£13

$38

やたら

$510

1995 1.K. Firus masurarem

***** Shipping

$70!!

$172

Douglass

Steamboats.stream

560

Indo-Chinas (Prof.)....

$80

$94

Indo-Chinas (Del.).

124

84/46

balls

844

19.15

19.10 Waterboɑti ................

Mining

10/1

Kailan

16/3 $0.90

$10

.33

37.06

Raubs......

Vapesuals Gold Fida.

7 cts, Hong Kong Mides......

Docks, Wharved,

Godowns ste.

$118H.E. & I. Wharves...

$7,30 Providents (old)..........................

Providenss (new)................. 10 H.K. & W. Docks... $194

$129 Shanghai Docks 8..... $3.50 New Engineerings 8.

Lands, Hotels, and Buildings

#1491

$7.15

| 4% 80

$19

1:31 $3.95

The Largest Diesel Electric

Liner

GERMAN SHIP

FOR SOUTH

FINANCE

NEW YORK STOCK EXCHANGE

THIB

-י

(Through Renter'ı Sarvice)

QUOTATIONS

Sept. 14, 1938,

Hixu Low Dow Jones Averages, Sept. 19. High Low Ulowe Chang

145,87 98.96 30 Industrial

$2.77 19.00 20 Railt

2253 15.14 20 Utilition V2 83.39 40 Bonds

140.19

-6.66

18.73 87,28

AMERICAN TRADE 59.00 45.03 11 Commodity Index $7.33

The new Diesel-electric Ḥner Patria, a stream-lined vessel

-0.1

of 15,000 tons gross, belong. Ing

to the Hamburg-Ameriks Linia, arrived off Cowes

Hamburg and cently from Antwerp, and alter mails had been put on board sho proceeded on her maiden roy age to Kingston, Jamaica, and then through the Panama Canal to the west coast of South

The America. says. Times.

At Valparaiso she is to remain a few days before starting on the return voyage to Hamburg, dur- ing which numerous calls will be made. By invitation of Messrs. Wm. H. Muller and Co., the Lon- don passenger agents. a party. of Visitors inspected the ship.

They

were welcomed on board by Herr A. Marquart. director of the Hamburg-Amerika Linie, who to introduce the vessel to the various countries which she is to serve, and by Captain Vierow; the commander of the ship.

MARKET PLACE

Amer. Rolling Mill... Amer. Smelting Amer. Sugar King ... Amer. Tel & Tel. Amer, Tobacco " 85 Amer. Waterworks.... 9) 331 Anaconda Copper ... Atchison, T. 8. m. 354 Auburn Motors ......

THURSDAY, SEPTEMBER 15, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE KUBBER

Sept. 12

sellers buyers

28-1/2 26-3/4 26-7/8 27-1/8 17-1/2 27-374

Sept. 13

buyers sellers

Charige

27-3/8 27-5/8

UD 7/3

27-7/8 28-1/8-

28-1/2 28-3/4

up 1 ct. up 1 ct.

The market opened 1 cent higher for all deliveries as compared with Monday's closing quotations.

Shortly after the opening the market ruled firm in sympathy with very stendy conditions prevalling in London and New York dục to the retention of the 45 per cent. export quota for the last quarter of this year. Demand for "actuals" was good, whilst active buying interest was displayed by dealers and speculators:

Later in the session, however, on the publication of Herr Hitlers. speech on the European political situation, which was interpreted as nct materially removing the existing anxieties, the market turned easier. Heavy, profit-taking and general liquidation caused a"gradual price-decline of 1/4 cent, and after some business Having been trans- acted on the basis of the lower price-level, the market closed, with a quiet undertone.

Pending clarification of the political situation it is generally as-... sumed that the market is heading for substantially higher levels due to smaller volume of shipments under the 45 per cent. quota and due to definite indications of steadily increasing consumption.

Latest figures published by the International Rubber Regulation Committee show)

141.95 133.80 134 18 27.0384.86 2491 19.19 18.04 18. 5

6.0% off 1.74 ou

87.33 -7.3 Business Done:—-—-1, 05,000 sharée.

.07 ap

Last Sale Sept 12 13

104

STOCKS

Last Sale

Sept 12 13

101 17

Great Western Suga:

272 27

Greyhound

Corpn.

161

144

48%

415

Hecker Products

Int. Nickel

481

Int. Tel. & Tel.

SPOT

17 *

161

Kennecott Copper ...

401

.371

OCT.-DEC.

191

› Libbey- Owens- Ford

JAN-MARCH

.331

311

Class

481

153

Lockheed Aircraft

131

181

Loew's, Inc. .....................

161

431

Martin, Glen I

214

201

WALL

221

McKesson &

Rob-

1401;

139%

bins, $3 pi.............

Monsanto Chemical 97

339** - 331

951

181

Montgomery Ward 173

431

Nat. Dairy Products 123

123

301

Not. Distillers ......................

31*

Nat Power & Light

Mặt Supply Corp. 16}

14"

193

New York Central... 18

171

161

N. America Aviation

€

581

North America Co.

181

Northern Pacific...

114

341

301

Pacific Gas & Elec

251

351

291

Pacific Lighting

374

Packard Motors ......

1.4

Paramount Pictures 107

Pennsylvania RR. 191

261

Phillips Petroleum. 391

..371

Public Service of N.J.

284

World shipments

142

124.

Bons.

China Light (old)...... $11:15 $11

$9.35

$174 Macao Electrics........ Sandakan Laghts ..............

$25 Telephonse (old)......

103 Telephones (Dew)................

26/3 Tractiona

28/J Tractions (pref-)

of the doctor, and Chesapeake & Ohio 39 271 several shops.

hair-Chrysler Corpa....... including dressing saloons for men and wo Columbla Gu&#161 men. The Plaza" is open. -Uke a Columbia-6% "&" på. +8? general market place, to the pas- Commercial Credit. 481 sengers in both the first and Commonwealth & 8.. 'second classes, each of which Commonwealth & 8. has accommodation for 175" per- 6% cumpf.

Consolidated Edison 251 The Patria-was-stated to nave Consoldated DI... 4 full passenger list and to be Continental Can ..... promised one for the homeward) Continental Oil passage also.

..... 85}*

Pure Off

101

World absorption

Radio Corpn. of Am.

67!

Republic Steel...

151

World stocks and "Afloats

Reynold Tobac. "B"

401

6731

Schenley

171161

48.

Schenley, 5% pfd... 73 +

713

Sears Roebuck

691

602

SPOT

Shell Union OIL

154

JAN-MARCH

353

351

Socony-Vacuum 01113)

121

APRIL-JUNE

Southern Pacific

171

142

June 1938 May 1938 June 1937

70.985

73.214

61.498 13,977

95.477 tons

103,934.

$24.531 522,349 386,587

LONDON RUBBER

Previous close Today's close buyers sellers buyers seller's

Change

8-1/16 "G-1/8

8-3/10

8-5/16

8 8-3/18 8-3/8 9-1/4

8-1/8

97 1/16

8-1/4"

unch.

8-5/16

DII 1/16

Squthera Rly $5 pid. 171-

141

391

*373

Standard Brands

་།།

283

Stand Gas & Elec.

Com. Products

087

661

Standard Oll of NJ.

523

491

1283

$9.65

Turning business and

forward

$17

$1.70 Canton Loes.....

$4.90 Ropes

Consolidated

Industrials

$16

$13

Cald., Macg. (Pral.) 8.

Caid., Mace (Ord) B.

$1.80

Cementa

8171 $4,90

China Prov. (old).......

Chisa Prov. (D0W).............

Eagle Picher Lead Elec. Bond & Share Elec. Bond & Share.

$5 pi........ Elec. Bond & Share

$6 pf.

#20

ch. Ettainments a

$1.90 Constructions (old)..... Constructions (new).......”

Miscellaneous

Dairy Farms

$26

$3.30 31.0

Elec. Power & Light

$7 pt.

Flatrate

Gen. America Trans

.pm

#UUr

Marsmans Inv. (Lop.)

75 cts WM, Powella

$8.70 Luis Crawford.....

Nanyang Tobac00 .............

$5.50 Staceres

39.05

$8.10 Watson

$8.10

654, C5.0.6% 19250.$Bd.

851%

H.K. Gost. 4% Lonas

$106

1*/.pm/H.K. Gort, 83% Loans $101

$50

H.K. Wing On

300

'8'hai Wing Onion.

252

$6.35 Vibro Piling ....

3/4 Mamans Inv. (H.X.)

175 cta

Bales to Shanghai

LONDON EXCHANGE

(British Wireless Service)

Sept 12

178-19/64

Gen Electric

Gen. Motors.

Gen. Rallway Signal

Glidden Co......

Goodrich (B.F.)

their

Goodrich 35 pf.

Goodyear Tire & Co. 201

$8.40

Ore ........... Great Northern R. 20

21.305 12.01

RATES

Sept 13 178-19/04 21.27 11.99

this Curtiss Wright (C)) from shopping centre Cartiss Wight A through wrought Iron gates the Distillers Corpn. Sea-

grams visitors passed within the pre- cincts of the "Club Paclico." which Douglas Aircraft the first-class quarters are term- Du Pont ed. "La Galeria" was the first hall to be admired, and then "El Patio." in the style of a Spanish, courtyard. commanded attention.

It is distinguished by a foun- tain in a marble centre, sur- rounded by a thick red car- pet, woven on the model of one in the Palace of Wurzburg. This carpet appeared in unex- pected parts of the ship like a theme running through her. Pieces

found were even to be on the floors of the crew's rooms, which,

with together spacious dining saloon. appear

ed remarkably similar to the ac-Great Northern Iron commodation provided for passen... gers in many liners.

ZUM

HOTEL HAMBURG Large full-length windows, indi- cated that the vessel is intended for routes where fresh air and

breezes will be especially welcome. THE EXCHANGE

For decoration reliance has been placed largely on many light woods and the blending of soft colour.

•

Turning from the Plaza towards

MARKET

the stern of the ship the direc- MESSRS ROZA BROS. tion "Zum Hotel Hamburg" point- Silver prices rose yesterday to ed the way to the tourist accour the extent or 178 for Ready-and- modation, which has various at-3/16/or Forward, the quotations "tractively furnished pubite rooms being 19.9/16-and-19-3-8--respec- and a "St. Pauli Bar," which is tively. Silver advice reported the calculated to remind many tra-market as being steady, speculators

Silver American tought. vellers of the City of Hamburg:

Fortions of the specially guard-quoted at 42 3/4 to Spot, with

The London New York cross-rate playrooms equipped numerous toys, and dining rooms was quoted at 180.25 New York- with small chairs and tables are London was quoted at 480.1, allotted to children in each sec

Was

Paris

Geneva

Berlin

Athens

Milan

Copenhagen

91-7/18

-31-5/16

Stockholm

19.40

Shanghai

ald

New York

4.811

4.801

8.92

Amsterdam A

Vienna

ed.

Prague

1391

Helsingfors ...............

Bucharest

Hone Kong

Bombay

228-3/4

670

1/2.31/32

tion. and although no attempt

Montréal

Prussels

1/5-29/324. 4.831 28.58)

4.821

of small travellers good use was market.

28.461

being made of the playrooms.

STERLING

Yokohama

There were sellers at 1/2 31/32

Belgrade

Buenos Aires

Monte Videp

Rio .....

Silver (Spot) War Loan

214.

1/2

19.064

19.07

201

2-15/16

31lver (Forward)

10-13/16

*19-7/16

35 100+

191 19-9/16 31% 100

MARKET

Easier, particularly in U.S. Pol- was made to count the numbers lars. There was some activity in the

H. K. STOCK

EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

The market remained steady.

BUYERS

Hong Kong Bank (Lon), £87. H. K. Lands $38.

Peak Trams (Old), $63. Sandakan Lights, $9.35. H. K..Govt. 4% Loan, 6% pm. Marsmans (Lon), 13/9.

SELLERS.. Douglases, $70.

H. K. Steamboats, $221. $174.· H. K. Tramways.

SALES Hong Kong Bank, $1450/80. Providenta New), $1.05.

May July

ON LONDON':-

Closing Quotations

eptember 14, 1989 Ou Nix York:

Telegraphic Transfer... 11/23 Bank Billa, on demand 1- Credits, 4 months' sighs -1/3!-

UN SHANGHAI:*--

On demand

ON SINGAPORE:

ON JAPAN:-

Bank Bilis, on demand 291 Orbdita, 80 days' sight 201 ON BADAVIA --

56-3/16

On demand

OF PARIS; -

Bank Bills, on demand 1,095 ... Credità, 4 months" sight 1,180

| ON SAIGONI --

170 nom.

On demand

109

On demand

63-8/16

ON MANILA-

On démod

091

ON BANGKOK !~-~~

On demand

108

Oh demand

1408

Sovereign' Notes

Telegraphic Transfe

Bank Buying Hate..... 1/8-1/16 Ray" Clivar - DRE

19-P/16

Owing to circumstances, the tour of the ship had to be rapid. September November and

but time was found for a short 15/16 December-February, buyers. halt in one of the restaurants at 1/3 Cash-November and 1/2 where toasts were duly honor-31/32 December/February: ed, including one to the continu-

US: 'DOLLARS

ance of happy relationships be- Were dealt in to a moderate ex- tween Germany and Great Br tent. The selling rate at the open- tain.

ing was 23 15/18 for near. Subse

A farge tramed photograph quently the rate receded to 39 7/8 was a reminder that Herr Hitler, and later to 29/13/16, At the closel together with Admiral Horthy, there were seller at 29 3/4 for visited Heligoland last week in near delivery buyers bidding 29- the Patria.

12/18. Business was fixed various-rates

The ship is variously described as the principal German passen- per and cargo pessel in the ser Vice with he west coast of South America, as the largest Diesel-

SHANGHAI DOLLARS 172 3/4 to 169 1/2...

SHANGHAL MARKET

at:

The tome was steady to strong.

electric ship in the world, and as Sterling and US Dollars opened at the ship without a propeller tun-8.5/8 and 17.7/32 sellers réerjective- nel. Power is transmitted elec-1y, rising to 8.25/32 and 17.9/16.- trically through two cable tunnels

to two motors aft, which, in turn drive the twin propellers.

of 17 knots. When the party left The engines are designed to the chip she boomed out her fare give the ship an average speed well through an electrical syren.

NEW YORK COTTON

`October .......... December January March

Opening

Closing

Change

7.94/95

7.92/92.

7.76/77

.18 o

7.96/98

7.95/95

7.80/81

.16, of

(1939) {

7.94/96

7.93/93

7.78 N

18 of

}

... 7.95/95

7.95/05

7.76/80-

.17 off

(..)

**- 7.90/81

1.91/90

(..)

Spot

7.89/00 8.05

1.88/88

7.75/76 *7.76/76

.15 of

.13 of

7.88

.18 · 0

NEW YORK BUBBEN September

'16.48 B

December ...

16.63/65

16.52/57

18.05 N 16.18/22

43 off

March

16.73/74.

18.88/88

18.28/28

H. K. Lands, $38/38.

May

16.84/84

16.76/78

16.30b/38a

H. K. Tramways, $17. (Prices below in Phil, Currenc

Sales for the day:-

4,260 tons

CHICAGO. WHEAT

September

612/611

654/651

December even and be 821/627

May.

· 821/621 - 651/601 641/641 041/041 671/071

Monday's Bates:-

11,004,000 bushels

CHICAGO CORN

September

512/512

521/521

December

491/498

50/601

May

-$14/51+

524/53

613/612

61/603 61/601

814/01).

up.

611/611-

45/851

Antamoks P, 301 Atoks, 30

ga Bagulo Gold 25.

Benguet Consal, 12.00 Coco Grove, 42} IT-L65

San Mauricio, 71 United Paracales. 34

LLOYDS MAY

WINNIPEG WHEAT October WAR RISKS December

STOP QUOTING

London, Sept. 142

It is understood that a meeting will be held at Lloyds tomorrow at which a proposal to cesse quoting war risks altogether will be dis cussed(British Wireless)..

May

NEW YORK STRAITS December

42.72-1/2* 42.506/09a42.7 42-3/4 NY Bliver, Official ... NY-L'don Cross Rate... 480-7/15°

Stone & Webster....

.g?

213

Swift International 261

261

Technicolor

193

181

Texas Gulf Sulphur 361

451

." 413

20th Cent. Fox. Fims 251

1321

1281

do.

Films pf....

33 *

237 321

IDI

Union

Carbide &

Carbon

831

Union Pacific

451*

United Aircraft .......

251

234

United Airlines Trans

52)

United Corpn.

United

33 Corpo

33 * 241

cum. pl.

301

28}

United Gas Corpn.

471

Un. Gas Iprövettf't

418

U.S. Rubber pr.

461

418

* 471

US. Steel

engin

361

824

18.

US, Rubbe.

54)

After ruling steady, the market eased fractionally in sympathy with New York."

NEW YORK COTTON

New business was discouraged by the continued nervousness re- garding the political situation in Europe and, the feverish action of the outside markets. The latest development in the Czech problem is a Sudeten ultimatum to the Czech Government for the -with- drawal of exceptional measures in the Sudeten district's Prices de- clined on liquidation of near months. Later, the market further de- clined on general selling, unfavourable foreign news and the weak- ness of the stock market.

"NEW YORK RUBBER

Prices declined on the easiness in London, hedging against float- ing purchases, while liquidation found poor support, Traders were apathetic, awaiting Immediate developments in connexion with the European situation.

CHICAGO WHEAT

caster Liverpool

The market early declined in sympathy with and Winnipeg advices. In the afternoon, however, prices recovered sharply on the latest turn in European affairs. There are reports of further sales to the United Kingdom.

217

Vanadium

184

161

231

201

Warner Bros. Pict.

.61

572

Westinghouse Elec. 102)

984

251

Woodward Iron Cor.

181*

*087*

113

171

Chase National BK 293* National City Bank 23 Call Money

287*

2211 1% 1%

Cz. dlv.

• bid.

New York Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Friiz' and S. L. Levy & Company)

- Dec. Dec. Chicago Corn Winnipeg Wheat Dec..

New York, Sept 13 (Tuesday).

New York Cotton - Dec. New York Rubber- Dec. Chicago Wheat

Prev. Today's

High Low

Close Change

7.96 7.80

7.96 7.80 .18 of

--16,60

662

16.16

18.63 18.18 47 off

623 851 507 481 49 504 811 -597 61+ 013

24 up

1 up unch.

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