Hayer Sellers
ล
Banks
Sharebrokers' Association
THURSDAY, SEPT. 22.
$1,443
{1,440/8|3
H.E. Banka
$1,440
Dv. (Col. Rag
Do. (Lon. Reg).......
£10
Chartered Banks ....
£104
Mercantile Bka. “A”
"ESP
£13
Mercantile Bke. "C"
£13
188
Bank of East Asia ...
$38
XC. & S. Banke .....
$2
Insurances
Canton Tuarach
$225
8510
|Ŭnion InsuraDOSE .......
$8 Underwriters
H.K. Firma
4510 *g 1903
Shipping
1681 Douglas
$73
$91
Steamboata.. pres
$124
160.
Indo-Chinas (Pref.)........
$80
+24
Indo-Chinas (Del.)...........
84/71 Shall
19.10 Waterbosta
Mtalag
FINANCE
NEW
YORK STOCK -
EXCHANGE
1038
Through Reuter's Service)
PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Bayerollers Salon Nomine!
15/8 $9.60
THE EXCHANGE ᎷᎪᎡᏦᎬᎢ.
MESSRS ROZA BROS.
Sliver prices were unchanged yesterday, the quotations remain- ing at 19 1/4 for Rendy and 19 1/8; for Forward. Silver advices re- ported speculators as having sold: American bought. The market was steady. American Sover quoted at 42 3/4 for Spot.
The London New York cross- rate was quoted at 482. 25. New York /London was quoted at 482. 15/16.
MARKET
Quiet. The tone was steady. STERLING There were sellers throughout the morning at 1/3 September /December and 1/2 31/32 January February buyers at 1/3 1/32 Cash /November and 1/3 February. possibly January.
U.S. DOLLARS Sellers at 30 3/16 September /November and 30 1/8 December, buyers at 30 5/16 Caan /Septem- ber and 30 1/4 October November. SHANGHAI DOLLARS
173.
SHANGHAI MARKET
The market was quiet but steady, Sterling opened, with sellers for Spot at 8. 19/32 and closed at 8. 3/8. U.S.$ opened with sellers at 17. 5/16. At the close sellers at 17.3/8 for Spot.
THE AFTERNOON
High Low Dow Jones Averagos, 145.67 88.95 SO Industrials
32.77 19.00 90 Raile 22.55 15.14 30 Usilib 99.70 83.39 40 Bonds 58.00 45.05 11 Commodity lude 47.5%
Amer. Rolling Mill, Amer. Smelting Amer. Sugar Ring. Amer. Tel & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 8. Ft.
| Auburn Motors
Bethlehem Steel .... Boeing Airplane Co. Borg-Warner Briggs M'facturing. Brooklyn-Manhattan
Trans....... Brooklyn-Manhattan
$6 cam. pf.
The market was extremely quiet Canadian Pacine
:
$7.05
$3
10/2 Kailas......
49.70 Raubsa
Yenesuela Gold Flds.
174 cts. Hong Kong Min......
Docks, Wharton,
Godowns, ete.
H.K. & K. Wharves.......
$10 H.K. & W. Docks.... #10
·
Dn.
$15 Shanghai Docks 8..... #3.9) New Engineerings B.
Lands, Hotels, and
L Building
130
на
#8 85
$9.18
**
$1301
3700
Providente (old)........................ Providente (new) ..............~
$6,80
$0
$130 $3.96
יי.
Sept. 2, 1938.
ta
FRIDAY, SEPTEMBER 23, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
Sept 20 buyers sellers
27
26-3/4 2 217
27-1/4 27-5/8 27-7/8
Sept. 21" buyers sellers
27
Change
+
27-1/4
up' 1/4
up 3/8
27-7/8 28-1/8 up 1/4
27-3/8 27-6/8
The market opened with prices unchanged for all deliveries as compared with Wednesday's closing rates.
Early in the morning the market ruled quiet. There were fair overnight-orders for prompt deliveries from London and New York. but little interest was displayed by trade and speculative intersts, operators preferring to swalt further developments before entering into fresh engagements on a larger scale.
Subsequently however, prices gradually declined by 1/4 cent for all deliveries on profit-taking and selling, mainly for speculative accounts, induced by the continuance of the grave political crisis in Europe. Only a moderate volume of business on the basis of quoted rates was transacted due to the reserved attitude of buyers.
Closing tone was quiet.. -
It is reported that Akron interests in U.S.A. are believed t have made considerable purchases of distant deliveries. It is aBO anticipated that consumption figures for September will come up to expectations and failing any disturbing external influences higher prices during the ensuing months may be confidently looked for
LONDON RUBBER
QUOTATIONS
Sept. 20. High Low Close
Chan
-138,41
140 20 137.57 139.19
.38 up
25.67
28.11 85.41 23.88
29 up
18.70
18.95
18.67
18.82
18 up
88.90
87.11
31 up
47,10
$1 off
Business Done:-1,000,000 shares.
Was
STOCKS
Last Sale Sept 20 21
101 Adams Express........ Alleghany Steel Co. 174 Allis Chalmers, .................... Amer. Can.......... Amer. & For. "Power Amer. & For. $7 p.
STOCKS
101
171
Great Western Sugar Greyhound
Last Sale Sept. 20 21-
274 27
Corpo 151
151
48
481
Hecker Producta ....
74
74
951
97
int. Nickel
481
481
31
31
int. Tel & Tel
8
81
163
-174
Kennecott Copper ...
411
412
Amer. Locomotive ... Amer. Metals Amer. Badiator
181
19
Libbey- Owens- Ford
SPOT
334
34
"Glass
50+
491
OCT.-DEC.
151
151
Lockheed Aircraft
131
13
JAN.-MARCH... ...
171
717
Loew's Inc. ........
49
501
461
47
Martin. Glen la mes
20
201
212* 22
McKesson az
Rob-
141. 1424
bins, $3 pt.
32
842
841
Monsanto Chemical
81
81
331
333"
33
32
Montgomery Ward... 461 Nat. Dairy Products 124 Nat. Distillers ...... 23
321 951 451
12}
231
31
31*
Nat Power & Light
81
Baltimore & Ohio Barber & Co...
71
T
Nat Supply Corpn.
151
154
18)
181
New York Central...
16.
187
181
181
Barnsdall Of ......................
N. America Aviation
83
82
574
571
North America Co.
182
182
221
Northern Pacific
101
101
93
33
Pacific Gas & Elec 284
28€
324
**331
Pacle Lighting ... 137
381*
Packard Motors
*
81
9.,
Paramount Pictures 10
5 101
Pennsylvania R.R..
1B1
181
17 $7.10
E.K. “Eq
$6.95 $7.05
$T
281
27*
Phillipa Petroleum... 39
391
17
$387
H.K. Leads..........
#351
6
Public Service of NJ, 277
281
$107
Do. 1% Debentures
$107
in the afternoon..
Case JI
34
843*
Pure Og:
93
8.43
Shanghai Lands 8.
$6.80
STERLING
Chesapeake & Ohio
281
281
Radio Corpn. of Am.
61
67.
$5.60
3570
H.K. Remities .........⠀
The market finished with sellers
Chrysler Corps.......
70%
718
Republic Steel
171
171
$10
Humphreys
$10
98
Chinese Estate
at 1/3 September/December and 1/2 31/32
Columbia Qas & 14.
61
Reynold Tobac. "B" 41j
402
January February,
Columbia 8% "A" pl.
70
69
Schenley
161
161
8.POT
$18
471
- 481
Schenley, 31% píd...
691*
691
JAN.-MARCH
#18
Ewos (8.)
$90
I
1
*90*
Shai Cottons (8.) ..........
$24
$24
Zoong Sings (8.)....
$42
Wing On Textiles (8.)
D.S. DOLLARS
Commonwealth & 8. Commonwealth & s.
Sears Roebuck
704
70
APRIL-JUNE
Shell Union O!!
151 151
Public Utilities
$17.15 Tramwaya ..........
$16,90
Sellers at 30 3/18 September October, possibly November and
B3
Peak Trama (old)................ Feak
(*)....... Trams
102
3) $77)
37 6% cum pt. Consolidated Edison 254 Consolidated Cir Continental Can
351* Socony-Vacuum Oi!
132"
131
25%
Southern Pacific...
157
181
&
81
Southern Rly $5 prg.
151"
15)
414
401
Standard Brands
7k
Continental Ou
291 291
Stand Gas & Elec.
34
31
$24
Comm. Products
661
681
Standard Oil of N.J.
531
.. 531
11.35 8.15
Curtiss Wright (C.)
4
Stone & Webster...
71
91
173 1/2.
Cartias Wright “A”
203
204
Swift International 261
27.
20
19
$58
3591
Distillers Corpo. 888-
Technicolor
grams
144
15
Texas Gulf Sulphur
· 35 ·
361
Douglas Aircraft ...
431
437
20th Cent. Fox,
24
247
$261
Du Pont
133
133
do. $1 pt.
$21*
32;*
$9,66
26/0
Eagle Picher Lead 104
104
Union
Carbide
&
H. K. STOCK
Elec. Bond & Share
71
741
Carbon"...
821
Union Pacifle ........
851
851
Elec. Bond & Share
$5 phones. Elec. Bond & Share
$8 pi........
47
$4*
United Aircraft
251
25
United Airlines Trans
gi
52 .491*
United Corpa,
2
24
Elec. Power & Light
United Corpn. $3.
$7.pi.
303
321
cum. pt.
281
281
Filatkote
23
231
United Gas Corph.
34
31
Gen. America Trans
472
477
Un. "Gas Iprovem't
92
91
Uen. Mectric
408
401
US Rubber pf
434
441
$8.70 Lane Crawfords.......
$1.20 Sinceres
32.05
$7.00 $8.05
Watsons
$5
18
664 Ch.G.5% 19250.$Bd.
pml.K. Govt. 1% Loaza
60+%
8106
Considering the conflicting" re- ports regarding the European situatin the market remains fairly steady at quotations In quite a few instances enquiries are difficult to fill.
Cen. MotorS.
453
461
U.S. Steel
841
861
Gen. Hallway Signal. Glidden Co.......
181
18
U.S. Rubbc.
561
571
201
201
Vanadium
18
181
Goodrich (BF) ... Goodrich' 35 pf.
221
223
Warner Bros. Plet....
6
61
544
34)
Westinghouse
Elec. 1014
1013
Din H.K. Gort: 81% Lomas) $101
$60
4.K. Wing On
550
Goodyear Tite & Co. 26. Great Northern Iron
Ore
ww
S'hai Wing On.....
$5!
Great Northern Rly.
13 134.
19
Woodward Iron Cor. 183 Chase National Bk. 294* 124 National City Bank 231*
Call Money ... 1%
183
201* 231* 1%
$8.40
• bid.
13/0
Marsmans Inv. (L.)
3/4
Maramans Inv. (H.K.)
175 ct
Wm. Powells....
*Baics to Shangbai
$11.20 "38 15
150
3594/1
6251
Cotton Mill
Do. (DOW)
$771 Star Ferries D
4Y'mati Ferriss C.B.
$24
China Lights (old).......
hine Lights (new)........... H.K. Electrics
3174 Macao Electrica
9.3 Sandakan Lights.
Telephones (old)....
$93 Telophones (Dew).................
Traction
45
10,0
Tractions (pref.)............
Industrials
3124
Cald., Macg. (Ord) 8.
4313
Cald., Macg. (Prat.) 8.]
Cementa
11.70 Canton lces
471
$4.90 Bopea
Miscellaneous
Dairy Farme
#
多 Cb. E'tainments
$1,90 Constructions (öld).
Construction (new)....
Nanyang Tobacco.....
$6.86 Vibro Piling..............
$12
8174
$4,81
cum.d. 825
$6.30
LONDON EXCHANGE
(British Wireless Service)
Sept. 20
178-21/64
21.281 12.08
+
175 cts.
RATES
Sept. 21
178-3/8
21.28-1/2 12,06
91-11/10
91-5/8
19.40
82d
4,13/16 8.92-3/16
4.82-5/16 8.02-3/16
140
Paris"..
„Geneva“
Berlin
Athens
Milan
Copenhagen Stockholm Shanghai
New York
Amsterdam Vienna.....
Prague Helsingfors
Bucharest Hong Kong Bombay..... Montreal Prussels
Yokohama
Belgrade
1391 226-3/4 670
Buenos Aires
Monte Video
R10
Silver (Forward) .......
Sliver (Spot) War Lear
(N" LONDON:
1/2 31/32 1-5d, 29/32 4.821 28.59)
4.84-5/8
28,59-1/2
214 19.014 20
213.
2-15/14
191
191
34% 1004.
Closing Quotations
'September 22, 1938.
-1/2}
Telegraphic Transfer.. Bank Bills, on démandi Credits, 4 months might tak
UX BRINGHAI:
On demands
UN SINGAPORE: -—-
Ou demand
TANYAAPAN AT
On demand
Irü
Telegraphic Transder..
On New York : -
19-1/8 19-1/4
31% 1001
Bank Billa, on demand 291' Credits, 60 days' sight 30j
55-2/16
ON BATAVIA ---
-On-demand
ON PARILE
Bank Bills, on demand 1,095 Credits, & months' sight, 1,180 BALCON
Oa demand
On demand
53-3/10
ON MANIL
ON BANGKOK
100/
On demand
Soft?alth Notes
Bank Baying: Hate.......
A QUE ORE DE
8
1497
· 1/3-1/16
101
buyers at 1/3 1/32 'Cash/Novem-Commercial Credit... ber and 1/3 February.
30 1/8 December, buyers at 30 5/16 Cash /September and 30 1/4 October/November.
SHANGHAI DOLLARS
SHANGILA! MARKET
Sterling, 8. 5/8 sellers for Spot.
U.S.S. 1 3/8 sellers for Spot.
EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
BUYERS
Eongkong Bank. $1445
Union Insurance. $510. Hongkong & K Wharves, $130. Hongkong Docks (Old), $19] Hongkong Docks (New), $187 Providents (Old). $7.10. Providents (New), $6.90. H. & S. Hotels, $7.05. Hongkong Realtles. $5.65. Hongkong Tramways, $17. Peak Trams (Old), Saf. China Lights (Old), $1120, China Lights (New), 58.15. H. K. Electrics. $59.
Cements, $17.
Dairy Farms. $257. Watsons, $7.90.
Marsmans (Lon.). 13/6.
SELLERS Hongkong Steamboats, $21. H. & S. Hotels, 57.10. Hongkong Lands $382. Watsons, $8.05.
SALES
Hongkong Bank, $1440/55. Hongkong & K. Wharves. $130. Providents (Old), $7.05. Providents (New); $885., H&B. Hotels, $7.05.
Hongkong Lands. $389.
Hongking Realtles, $5.70.
Hongkong Electrics. $59. Watsons. $7.99.0
(Prices below in Phil. Currency)
Antamoks PB., 394
∙Atoks; 38
Bagulo Gold, .25
Benguet Consol,. 1160
Coco Grove, .42
Consolidated Mines, .0035 Demonstrations, 28 San Mauricio. 73 Suyoc Consol., 184 United Paracalea 33
REICHSMARK QUOTATIONS Berlin, Sept. 22. The Reichsmark was quoted'
without guarantee at::
New York, 14.05.
Paris, 14.84.*
Amsterdam, 74.05.
· London, 12061/2-
Paris Sterling, 17830 to 178.23.
Paris US Dollar. "36.98--Trans- ocean,
THAMES TUNNEL
PROGRESS
MEN WORKING IN COMPRESSED AIR
Preparatory work on the road tunnel under the Thames between Purfleet and Dartford has progressed so far that the pilot tunnel, it is expected, will be completed in about two months' time.
i π div.
FAR EASTERN FREIGHTS
AGAIN FIRMER
The hardening of freight rates
Previous close buyers sellers
8-1/16 8-1/8
Today's close
sellers buyers
8-1/8. 6-1/4
HO
... 8-3/18
..."8-5/16
8-5/16
*
Change
8-3/15 up 1/18 8-5/16
up 1/16
8-3/8' 8-5/18 8-3/8 unch
-Market quiet büt closed with a shade better in response to Amertean advices.
NEW YORK COTTON
Prices early declined on moderate liquidation, but later ral- lled partially on steady Liverpool advices, a firmer stocks market and on foreign and local buying. Operators then became some what hesitant and prices again drifted downwards on "renewed liquidation, hedge-selling and proat-taking, with the market finally closing steady at the lower levels.
NEW YORK RUBBER
After opening lower on lower advices from the primary mar- kets, there was a partial rally or reports of an advance on the London market. but prices again gradually eased on, profit-taking, scattered liquidation and freer offerings. In the latter part of the session business mplily consisted of switching of positions.
CHICAGO WHEAT
4
The market here opened steady, being Influenced by higher Liverpool advices and prices further advanced on the early strength of the Winnipeg market and on an advance in corn prices. Later In the day, prices declined on liquidation and realising together with lack of support and the weakness of Winnipeg.
New York Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 'S. L. Levy & Company) · New York, Sept. 21 (Wednesday)
Prev. Today's· High Low. Close Close Change 8.07 7.98 8.04 8,00 .04 off 16.84 16.48 16.53 16.48b 10 off
641
83 622 64 50% 481 621 Winnipeg Wheat
New York Cotton Dec. New York Rubber - Dec, Chicago Wheat
In the Far East which has been Chicago Corn noticeable during the previous two ter three weeks was carried a stage farther on September 8, when a large ship of 9,500 tons was char- during tered for loading beans September-October on the basis of 28a. 3d. 3 ton for discharge at Rotterdam or Hamburg, with the October usual addition of 18. 3d. a ton for December more northerly ports.
The rate
January compares with 268. March
Construction of the main tunnel will take 10 years or more, and the total cost will be £3.200,000,
On the Esser" bank of the river there is a battery of chimneys, 6d. a ton at which business was May belching into the air streams of done just a fortnight ago, which July smoke rings which keep time with itself represented a rise of 34. or Spot
6d. a ton according to the charac- the beat of a powerful engine.
Dec. Dec.
Dec.
8.04/04
· 1 off
60
49% €12 "60%
49 t'off
14. off
.05 off .06 of unch
NEW YORK COTTON
Close
Opening Closing
Change
... 8.00/00
7.97/97
7.95/05
.05 oa
8.04/05
8.02/03
8,00/00
.04 of
(1939) ...
... 3.08/08
·8.04/03
8.01 N
.05 off
}
... 8.07/09
8.00/06
8.03/03
204 00
{
>.... }
..., 8.03/05
8.02/03
1.98/98
8.02/01
7.98/96
7.82 N
7.82 N
NEW YORK RUBBER
18.45 B
10.32 N
The May
16.54/55 16.86/67 16.87/66 16.75b/78
Sales for the day:---
18.68b/750 2,720 tons.
16.48b/52a 16.57/58 16.62b/882
10 of .09 off
13 p
A week before, tonnage was
This is the machinery comprester of the vessel. sing the air in which men are working, 100 feet below, carving secured
for Septemeber-October September
out the route to be followed by the loading nt 27s. 6d. a ton, but the December
same rate falled March offer
of the main tunnel..
Ministry of Transport engineers, to secure more shipping. who carried out an Inspec-recent rise in the rate is at tion recently, are
satisfied tributable to the small supply of with the progress which is being tonnage available for loading in made with the pilot tunnel through the Far East in the early future. the earth below the river bed.
The rates for lending on the September rice basis at Balgon have also December been showing a very dra tendency May lately..
16.58/59
CHICAGO WHEAT
841/647 641/64
16,023,000 bushels
634/631
624/821
off
63/627
off
851/651 651/65) 649/641
Tuesday's Sales:
CHICAGO COBN
521/52
504/51
091/001
50/491
49/487
52/53
52/521
514/511
WINNIPEG WHEAT A
1,000. FETT MORE Shafts have been sunk in either bank to a depth of 100' feet, and at the foot of each there is 3. shield chamber, 35 feet in internal that the tunnel has reached only
448ft from the foot of the shaft September
December of that side.
The total length of the pilot May 2 tunnel was originally estimated at 27001t, but because of this pin- culty it was found necessary to set
October back the shaft by another 130ft.
December May From the Essex side a point has so that the total length will now been reached 1,319 outward-ap-be 1,32116071 proximately the middle of the
diameter These will be the starting points" of "the"main"tumniel.
Work on the plot tunnel is -| going on from both sides of the Thames, and it is expected that the two parties will meet some time in October
There remains about another
river. Op the Kent side the start; 1,000ft to be driven through, and
621/621 624/821 601/601 617/813 617/618 65/85
602/609
631/637
43.40/44.15a 43.75. N
42-3/4
- 4.83-15/16 -
NEW YORK STRAITS TIN
43.90 N was delayed by Essures in the the meeting of the two working December ....... chalk, which had to be filled in parties will take place nearer the NY gulzér, Official
NY-L'don Cross Rate... 4.81-7/8 with liquid cement. The result is Kent side than the Laser ride.
50