¥1,40
H.K. Banka e k
$1,400
Do, (Col Reg.)......
Pas
Do. (Lon. Keg ).......
ENS
211
Charted Backs...
£11
both ways.
£13
"market closed steady with sellers
£13)
at 1/16 over the quoted rate.
$39.8
erican Silver was quoted at 42 3/4
02
for spot
$507
$226
Carlos InsurÝNEM.................
1510
18
1995
Underwriters
1433
1225
3510
***
The London New York cross- rate was quoted at 479.12. York /London was quoted at 480
STOCKS
T
New
: 7/6
"MARKET
tro $***
$80
124
83/6 | Shalis .........
18.10 Waterbosts ................
$294
Indo-Chines (Pref.),...
$80
Indo-Chines (Dad).....
$24.
89 8
$9,15
15/8-
ex.div. $3.61
14
+4
-37-00
$10 SIDA
819)
$39.
· $1,95
#LUTS
$5.90
110
Cotton Mill
#19
$18 Ewo 15.)
B'hai Cottons (8.) .....
$24
Zoong Sing (B.)
312
Wing On Textiles (8)
Pubile Ututies
$16.80 $17
$16.80
#81
$76
Tramway....at
Faat Trams (DoW}~-~-
Star Forries
1941. Y mali Ferries C.B.$
817
Peak Trama (old)....
ib/Kailan
div. 19.70 Baube
$7
$3 Venesuela Gold Fida.
7 cta. Hong Kong Minos.......
Docks, WharTOR, Godowns,' ets.
$125 H.K. & K. Wharton...
Providenta (old)....... Providatits (new) L H.K. & W. Docks.....
Do.
[06W).
318 Shanghai Dooks B. $3.90 New Engineerings B.
Lands, Hotels, and Ballding?
$6.95 H.K. Hotels #36
H.. Lands'.........B.
$107) Do. 4% Debentures
98.40hanghat Zande §.
$550 FL Boulties ..... $10
Humphrey ..................
198 Chicera Estates.......
$1291 87.13
$20 60-
$130 1385
Steady due to selling pressure by Amer. & For. Power Chinese in U.S. Dollars
Was offered at 1/2 31/32 for November with possible buyers for The market closed at December. 1 p.m. with sellers at 1/2 31/32 September December and 1/2 15 /18 January February, buyers at 1/3 1/32 Cash September, 1/3 October November and 1/2 31/82 January/February.
U.S, DOLLARS Could have been obtained at the opening at 29 15/16 for near. The closing tone was sellers 30 Septem- ber/October, buyers at 30 1/8 Cash /September and 30 1/18 October /November. "
SHANGHAI DOLLARS Closed with sellers at 173 1/2 SHANGHAI MARKET
Erratic, Opened with sellers at 8.2732. The highest touched was 9d:
Last advices, however, indi- cated the market as steady, closing
at 8.17/32.
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Purwalior, Blominal
-
THURSDAY, SEPT. "15.
Sharebrokers
£29 Mareactile Bks. "A" £13 Mercantila Bks. "C"
Bank of East Asia ...
N. C. & B. Banks......
Inpuranens
Union InsuraNGRE ------
A.K. Fires ...
Shipping
Doughsen
Association
Bayer Baller Sales Nousinst▸
1
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices rose yesterday.to the extent of 1/8 for Ready and 1/18 for Forward, the quotations being 19 11/18 and 18 7/16 es- pectively. Silver advices reported speculatory
as having operated India'bought. The
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Reuter's Service)
QUOTATIONS
Sept. 13, 1938.
High Low Dow Jones Averages, Bopt. 13. High Low Close Chang
105.81 (98.85 - go industrials
32.17 10.00 20 Rail
∙12.55 16.14 30
Utilities Bonda
99.70 83.39 40
134.18
13.91 130.33 13.03. 1.28 off
24.01
18:05
18.34 17.06 17.30
225.71 23.40 24.22 89 off ES OF
87.33
83.58
48.03
166 of .73.ap
39.00 46.0J 11 Commodity Index 47.30 Am-
Business Dono:-1,830,000 shares.",
FRIDAY, SEPTEMBER 16, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
Last Sale
STOCKS
Last Bals
Sept. 13 14 Adams Express"...re 104 10
151 Alleghany Steel Co. 17 Allis Chalmers ........ “45 Amer. Cin
Sept. 13 14
Great Western Sugar 27
28
Greyhound
Corpn. 141
14)
451
Hecker Products
- 3+
7
SPOT
95.
94
Int. Nickel p
45
461
OCT.-DEC.
31
21
Int. Tel. & Tel.
't
61
JAN.-MARCH
Sept. 19
Sept. 14.
buyers
sellers
buyers sellers
27-3/8
27-5/8
26
21-7/8 28-1/8
28-1/2 26-3/4
28-1/2
28-374
27-1/8 7-3/8
of 1-3/8 of 1-3/8
Change
26-1/4 of 1-378
Amer. & For. $7 pt. 161
141
Keanecott Copper ...
371
38+
STERLING
Amer. Locomotive... 18 Amer. Metals
161
Libbey-Owens- Ford
314
30
Class
484
Amer. Radiator......
14
137
Lockheed Aircraft
121
12
Amer. Rolling MIŲ. Amer. Emelting Amer. Sugar Ring- 21 Amer. Tel & Tolj, 1391 Amer. Tobacco * 84 amer. Waterworks..... 8) Anaconda Copper ... 301 Atchison, T. & 8. Fe. -30) Auburn Motors Baltimore & Ohle Barber & Co. ........... Barrisdall Ou Bethlehem Steel..... Boeing Airplane Co. 20 Borg-Warner. ........................ Briggs M'facturing." 291
141
151
Loew's Inc.
46
461
431
431
Martin, Glan L ̈*...
201
181
20 1351 82
McKesson & Rob
bina, 53 pf... 331
32
Monsanto Chemical 951
92
Montgomery Ward... 431
43
302 311
Nat Dairy Products 123
121
Nat. Distillers
21
211
The Singapore Rubber market opened with rates purely nominál. Reports that the Sudeten Germans had issued a six-hour ulti- matum to the Czech Government proved too much for the market, and pricea slipped badly. London and New York connections display. ed no interest in the market.
Later in the morning some small business was recorded at 261 for January-March
-The afternoon market was featureless, but the closing tone was slightly steadier.
LONDON RUBBER
ཀ་
---3
Nat Power & Light
19
51
51
Nat Supply Corpn. 141
.14
18
161
New York Central...
15
141
-16)
151
N. America Aviation
8.
SPOT
54
533
North America Co.
181
JAN.-MARCH
170
201
Northern Pacific
ig
APRIL-JUNE
Previous close
buyers
sellers
Today's close. buyers
sellers
Change
8
7-15/16 $ 8-1/2
8-9/18
8-1/4 8-1/16
8-3716
off 1/16 of.1/8
8-1/4
8-5/16 8-3/16
8-1/4
off 146
OL
30
301
Pacide Gas & Elec .25
25
314
Paclic Lighting"......
37
351
Brooklyn-Manhattan
Packard Motors...
41
41
Trans.
21
Paramount Pictures
01
91
Brooklyn-Manhattan
Pennsylvania RR.
17
17
8771
$24
V.A. with sellers Dollars opened with sellers at closed at 17.3/32 17.11/18 and sellers for Spot.
324
Da.
(DOW
$21
10.9/14.08
381
China Lights (old)....... ina Lights (new)....... H.K. Electric
11.10/0 5/10.9
$8.10
-$60
殴
39.35
$175 Electrics.........
Sandakan Lights.......
Teliphones (old).....
$9.3 Telepliones {DEW}.
2013 Tracilona mikin
260Tractions (pret.).
Industrial
114 Cald., Macg (Ord)8.
$18
Cald, Macg (Prat.) 8.
$1.70Canton Ices
$4.90 Ropes
3901 _89.6% 260
39
537%.
Ch. É'jainmenta
$1.90 Constructions (old)..... Constructions (new)........
$8.70 Lace Crawfords.........
Nanyang Tobacco,
$9.30 Buscar sung
$8.10 Watsone
H.K. Gort. 4% Logat
$175 Cemente
Consolidated
...
China Prov. (old).......
China Prov. (new)........
Miscellaneous
Dairy Farma
$28
$6.3
>1.0
$1.00
$176 $4.9
32.05
18.10
Ch.0.4%1225G. Bds.
85% $108
1pm H.E. Gort: 31% Loans: 101
THE AFTERNOON The tone of the market in the afternoon was not quite so robust.
STERLING
The market closed with seliers at 172 31/32 8eptember/December and 1/2 15/16 January February. buyers at 1/3 1/32 Cash/Septem- ber and 1/3 October /December,
U.S. DOLLARS
The market closed with sellers at 30 September, possibly October and 29 15/16 November December, buyers at 30 1/18 Cash /October and 30 November December,
SHANGHAI DOLLARS Closed with sellers at 171..
SHANGHAI MARKET Sterling opened with sellers at 8.9/16 and closed with sellers at 8.11/10 US Dollars opened with sellers at 17.5/32 and closed with sellers at 17.3/8 for Spot.
$6 cum. pf. Canadian Pacific Case. J.L Chesapeake & Ohio. 27 Chrysler Corpn. Columbla Gas & El 57 Columbia 8% 47 pr. 671 Commercial Credit. 46 447 Commonwealth & 8. Commonwealth &&
342 8% cum pr. Consolidated Edison 2424 Consolidated C1 Continental Can Continental OU Corn, Products Curtiss Wright (c) Curtiss Wright "A" Distilleza Corpn. Sea-
grams ..... Douglas Aircraft" Du Poat WI...AND Eagle Picher Lesa Elec. Bond & Share
263
24 *
Phillips Petroleum
374.
362
51
5
Public Service of N.J.
27
11-201
81.
78+
Pure Oll
91
261
Radio Corpn. of Am.
01 શું
199 -
Republic Steel
151
16
52
Reynold Tobac. "B" 41
401
67 *
Schenley
161
14)
Schenley, 54% pia...
73
70
1
""1
Seara Roebuck
681
653
353
BA 371 371 27
Shell Union O....... Socony-Vacuum, ou Southern Pacific... Southern Rly $5 prd. Standard Brands
11
13.
After ruling weak, the market railled. Political news, dominated the market today."
Uncertainty continues owing to confleting reports from Europe, the Czech situation, though the net result is more hopeful over Prices advanced on, short covering and on Trade and foreign buying.
Political news dominates, while prices rallied on heavy buying by "dealers.
The market advanced on heavy short covering and buying, which was credited to export firms.
NEW YORK COTTON
NEW YORK RUBBER
CHICAGO WHEAT
13
121
141 141
141
14
B
271
毒
Stand Gas & Elec, Standard Oil of NJ
3:
2)
492
51
Stone & Webster....
8771
-198-
Swift Internationai 261 Technicolo:
181
26 **179*
New York Commodity Market
1a1
131
Texas Gulf Sulphur, 36
34)
43
414
20th Cent. Fox. Fims 231
231
1281
127
do. Fims pf.
321
311*
!
9
84
Union Carbide
(By Courtesy of Messrs. Swan, Culbertson & Felly and S. L. Levy & Company)"
st
51
Carbon...
78
.771.
Elec. Bond & Share
$5 p........ Elec. Bond & Share
Union Pacifc
83
80
48
46
United Aircraft...
231
243
New York, Sept. 14 (Wednesday)
United Airlines Trans
73
New York Cotton
Dec.
7.80
.Prev. Today's High Low Close Close Change
7.80 7.91
7.88
.08 up
36 pí.......
52
48**
United Corpn. .......
21
21
Elec. Power & Light
United Corpn., $3
New York Rubber
-
Déc.
16.42, 16.17
16.16
15.31
,15 vp
11
Chicago Wheat
-Dec..
883 63
65
874
19 up
$7 pf.
32
28
cum. pr.......
281
271
Chicago Corn
Dec.
521
501 501
611
11 up
Frukath .
2112
211
United Gas Corpn.
33
ཉ་
Winnipeg Wheat - Dec.
861
632
"611
601
41 up
Gen. America Trans.
471,
451
Un. Gas T'provem't
- 91
Gen. Electric... Gen. Motors
40
331
US. Rubber pf
414
413
431
43)
U.8. Steel
821
801
Gen, Railway Signal 19 Glidden Co..........
161
UB. Rubb
34.
544
NEW YORK COTTON'
Close
Opening
Closing
Change
201
18
Vanadium .***
161
16
October...
7.76/77
7.81/81
7.83/83
.07 up
$50
H.K. Wing Caseme
160
'bai Wing On...'.............
157
Ar
$6.95 Vibro Piling wanna
12/9
3/4
Maramanlar. (H.K.)
|76-nia | Wh... Fowele Jenner
LONDON EXCHANGE
$6.40
Harmans Inv. (Lon)
H. K. STOCK
75 cta
Goodrich (BF) ...... Goodrich $8 pf., ................. Goodyear Tire & Co., 251 Great Northern Iron
Ore Great Northerri Rly. 171
201
191
Warner Bros. Pict...
52
51
December
7.80/81"
7.88/88
7.86/89
.08
up
53-
51
Westinghouse Elec. 98)
98
Jánuary ·
(1939)
"7.67 N
7.85/85
7.82/83
,06 up
251
Woodward Iron Cor. 173 Chase National Br 2811
16/
March
7.78/80
7.87/88
7.86/87
.08
up
29
May
7.75/78
7.84/84
7 81/81
06 up
11
101
National City Bank 221*
22*
Juy
7.78/76"
7.83/83
7.79/79
.03 up
161
Call Mortey
1% 19
Spot
7.88
7.95.
of up
EXCHANGE
et.div.
• bid.
NEW YORK RUBBER
*Bsics to Shangbai
September
16.05 N
16:20 B
-15-up
RATES
December
16.16/22
Paris
(British Wireless Service).
Sept. 13
178-19/64
Geneva
Berlin
21.271 11.99
∙Athens ...
Milan
91-5/16
Copenhagen
Stockholm Shanghai
New York
Vienna
Prague... Helsingfors Bucharest
Hoạt Kong
Bombay
Montreal
Frussels
19.40
Rid
The Postmaster General, Major
4.801
4.791
Amsterdam
8.92
HK. and Shanghal Hotels, $6.70.
G. C. Tryon, announced yesterday
Sept. 14 178-21/64 21.27-3/4
YESTERDAY'S
OFFICIAL QUOTATIONS
There are no changes of im- portance to report in rates, and. the market continues with more. buyers than sellers.
BUYERS
Hong Kong Bank, $1,420.
Union Insurance, $507;
TO COUNTERACT
SUN SPOT ACTIVITY
London, Sept. 14.
DOLLAR LINE
New Sailing Schedule
March
May
Sales for the day:- CHICAGO WHEAT September December
16.26/28 16.30b/38a
16:25/34 16:49/48"
16.31/32
.15 up
16.38/42
.12 up
16.53/54
16.43/44
13 up
3,300 tons
651/652
661/601
11 up
***
... 651/601
844/63)
071/671
May
671/67+
651/65
881/681
14 up
Tuesday's Sales:- CHICAGO CORN
18,179,000 bushels
and The shipping
travelling
Hong Kong Tramways, $18.80.
1391 226-3/4 670
Peak Trams (Old), $81. Hong Kong Electrics, 358). Sandakan Lights. $9.35.
1/2 31/32 1/5-29/32d. 4.821 28.484
H.K. Govt. 4% Loan. 6% pm.
SELLERS
4.82-1/4 28.36.
Yokohama
Belgrade
214
Buenos Aires
19.07
Monte Video
201
Douglas, $687.
H.K. Steamboats, $22.
H.K. and S. Hotels, $8.90.
Star Fries, $774-
H.K. Electrics, $59.
Watsons; 58:
SALES
communication in 1940.
1.
terfere seriously with world radio There will be a complete re- NEW YORK STRAITS TIN
He also announced the introduc- and
tion in a few weeks' time of a new with & regular weekly salling NY Silver, Omcial
from Ban Francisco, NY-L'don Cross Rate... 4.80-1/8 internal air matt service which westbound,
fortnightly sailing from Hong starting at Perth and calling it ja Newcastle and Yeadon airport for Kong to San Francisco and Los a fort- Leeds and Bradford, will speed up Angeles via ports and
considerably the delivery of malls nightly sailing from Hong Kon, NEW VAUXHALL CHARTERED BANK
from these districts to London to New York vis: Suez,
165 nom.
RRa ཤྭ་****
allver (Forward)
Silver (Spot) ......... War Loan
UN LONDON;---
2-15/16 197 ....19-9/16
31-100
Closing Quotations
eptember 15, 1958.
Telegraphic Transformat Bank Bills, on demand f
Credits, 4 months" sight: 1/3)
UK SHANGHAL
On demand
ON NEW YORK: ----
Bank Bills, on demand 29 18/16 Credits 60 days' night 20-5/18 ON BATAVIA==
On-demand
'ON PARIM:
Bank Bills, on demand. 1,096 Credits, 4 months' sight. 1,180
ON SAIGON: —
Atoks, 381.
Hong Kong Bank, $1,480.
.31%-971
Union Insurance, 8510,"
HK. & Kowloon Wharves, $1284 (British Wireless).
LK. Docks (Old), $19.
"K. and 8. Hotels, $63.
H.K. Tramways, $16.80/17. China Lights (Old), $10.90/11.05, Two-Cottons, $17.80.
AR
55-3/16
(Prices below in Phil, Currency)
Antamoks, Pa., 38.
SHAREBROKERS ASSOCIATION BUYERS
1
Hotels, $6.70.
Bagulo Gold, ..23.
Benguet Consol,: 11.70.
IN SINGAPORE:
On demand
109
Coco Grove, 41..
On demand
53-9/16
On Manila:-
·ON JAPAN :=
ben" "On demand
B9%
ON BANGKOK I
I. XL
On demand
1001
On demand
1496:
Sovereign Notes
San Maurielo,-84-
Telegrap
Bank Buying Bate....
1/3-1/16
Suyoc Consol, 173.
United Farácales.
25/18
"Klver CP PR
19-11/16
Consolidated Mires. 0035. Demonstrations, 271.
BA.
Paracale Gumans, 13.
Trams, $16.80. Mectrics, $581, Govt-13 Loari, $101... Coco Grove Reta
SALER
Wharves, $1281 Providents (Old). Hotels $8.70 75 Electrics, $68†..
The "535 type of President, liners have all been completely modernised and renovated and will
CAR
motorcar. A popular-priced
DIVIDEND
Board of Directors regret owing wo conditions prevailing in Far
The Chartered Bank of India Australia and China has received
Office in London be capable of carrying their full now introduced, automatically the following cable from the Head selects the ratio of petrol-mixture quota of passengers, offering every comfort and convenience. which is most suitable to road addition it is anticipated conditions as they change. there will soon be three new Vessels on the Pacific run; vessels that will be the equal of not superior to, any vessels on the Pacific ocean?**
I is a new Vanghali of 12 hp East they only feel justifled in de- 189), which is said to have aclaring Interim Dividend for the maximum of 65 m.p.h and totalf year ended Jupe 30 last at give a guaranteed mileage of 35 the rate of 10 percent per annum to a gallon of petrol.less Income Tax. payable Septem-
ber 23. It has independent front-wheel
Schedules are being prepared springing.
The alteration, of the petrol: now which will arrange for con
The "econozisť at venient connections
Hong, mixture ratio la effected by a Kons both eastbound and round "x-phase carburettor, and the largely the world. Actual schedules will engine gives greater power and A de-luxe
äble at 2198 be announced in the near future smoothi
running is
body
that, following consultations with public of Hong Kong and neigh- American telephone authorities, bouring territories will no doubt the Post Office is constructing a be pleased to learn that the WINNIPEG WHEAT special radio receiving station to Dollar Line will soon be again combat the intense sun spot operating a regular and depend- activity which is expected to in-able service.
September December ... May
521/521
532/532
501/502
623/59
501/501 613/52 527/521
537/541
11 up
October...
·611/811-
644/831
661/661
5- Sup
December
61+/611
641/63+-
301/661
41 up
May
65/651
697/60%
4 up
storation of both Trans-Pacifc
Round-the-World. service December ...
42.75 N 42-3/4
42.55b/43.10 13.00 N
42+3/4
4.80-7/8