1938
STOCKS
Adams Express Alleghany Steel Co. All Chalmers
1/8..
Amer, Can
MAKKET
Amer. & For Power
Steady at the opening and throughout the morning. U. 9.$. were Arm.
Amer. & For, $7 pf. 16)
Amer. Locomotive ....
Amer. Metals...........
STERLING Opened with buying Indications
Amer. Radiator ..............
Amer. Rolling Mil
Amer. Sugar Ring ... Amer. Tel. & Tel
Amer. Tobacco "B" 1
Canadian Pacific
Case. J.I.
Chesapeake & Ohio
Chrysler Corpn.
Columblá Gas de M.
Columbia 6% "A" pl.
$26
$9
robust.
34.0
$25
$7.50
$1.70 Canton loca
Wh
19.00
66.
1.pm
Coments
Rapesee Miscellaneous
Dairy Farms
Ch. Winte Constractions (old)........... -Constructions (now).......... Lane Crawford..........
Nanying Tobacco.....
Sinceres
Ch.05% 1925G Bd.
R.K. Gort: 4% Lonza
H.E. Gori, či % Loans
H.K. Wing On
| S'hai Wing On ...
$47
$6.95
Vibro Piling
organ
13/3
Marumana Iny, (Lon)
*
2/2
| Marazanı lov. (HK.)
70 ata W. Powells
Industrials
$14
Cald., Marg (Ord) 8.
$13
Caid, Macg. (Prat.) &
316
$4
82%
:
$1.80
37.60
68% $106
$77 $34.
$8.00
Opening rate for Sterling was on a lower level at 8: 9/16 whilst The V:9:5-rate remained unchanged.6% cum".pl...
Consolidated Edison at 17, 1/16. Business was done at declining rates, and the market Consolidated Cli Continental Can closed with sellers for Sterling at 933/64 and U.S.S, sellers at 17. Continental Oil 1/16.
Corn Products Curtiss Wright (C.) Curtis Wright "A"
THE AFTERNOON
The market was quiet in the af
The undertone was not ternoon.
STERLING Closed with selfers at 1/3 Octo- ber /January and 1/2 31/32 February/March, buyers at 1/3 January and 1/3 1/32 Cash March
UK. DOLLARS
The market closed with sellers at 30 1'16 October and 30 Novem- ber December, buyers at 30 1/8 October/November.
SHANGHAI DOLLARS.
175 3/4.
SHANGHAI MARKET
Sterling sellers. 8. 33/84
US.S. 17. 1/16.
Distillers Corpil. Sea-
grams. ** Douglas Aircraft Du Pont
Eagle Picher: Lead Elec, Bond & Share Elec. Bond & Share
$51.......
Elec. Bond & Share
$8 pf...
Elec, Power & Light
ST pt.
Gen..Motors
and| Glidden Co.................
Commercial Credit.... Commonwealth "& 8. Commonwealth & 8.
PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Buyers Halpe | Nominal
$1,415 $1,435 1,380/1,428
13
$197
(3125/8]
$7
$6.80 310
::
£37
FRIDAY.
SEPT. 30.
lanka
H... Banka
Sharebrokers' Association
Do. (Col. Reg.)... Do. (Lon. Beg.)...... £101 | Chartaraḍ Barka ... 239 Mercantile Bks. “A” £13 Marcantila Bks. "C"
$505
9%
Bank of East Asia ... N. C. & B. Banks....
Instances
Canton Ingarance.......
¡Union Insurances 2.
· Underwriters ..........
1200 H.K. Fire
Shipping
Stamboats.
:
1683
Dongide .....
350
SPU
14
Indo-Chinas (Duf.).
80.3
Sholla
Indo-Chinas Pruf,}.
'10,00' Waterboats ..............
Mining
13/0 Kailums......
9.70 Raubs
$3
Venezuela Gold Fida.
7 cts. Hong Kong Minea......
Docks, Wharves, Godowns, ets. H.K. &K. Wharves... Providenta (old)..........
$1M
|Providants (new)....... H.K. & W. Docks.... Do (new).......... 3125 Shangbai Docks 8.... $3.90 Now Engineerings 8.
Lands, Hotels, and Buildings
H.K. fotela
H.K. Landa...........
Buyers Balers Sominal
$500
$1,400
£87
11 at 1-1 leage bze
$196
$127 cum.d.
$6.30 $8.10
8194
8182
$31
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices rose yesterday, to the extent of 9/16 for both dell- veries, the quotations being 19. 5,18 and 19. 3/10 respectively. Silver advices reported the market as steady with sellers reserved. Later the market was Arm. There were buyers at 1/8 higher but sellers
American scarce. were Silver was quoted at 42 3/4 for
Spot.
The London New York cross- tate was quoted at 475. 75. New York London was quoted at 478.
1
Bus-
1/3
FINANCE
NEW YORK STOCK
Amerada Corps.
ĥ
Barnsdall Ol
Bethlehem Steel
SATURDAY, OCTOBER
1938.
EXCHANGE
(Through Renter's Service)
at 1/3 for near, sellers offering 1/2 | Amer. Smelting
31/32 for forward delivery. iness came through to a moderate extent at 1/3" for Cash.
Subse.
quently sellers offered 1/3 up to Chinese New Year. The market closed at 1 pm. with sellers at 1/3 October January. buyers at 1/3 1/32 Cash January and March.
US. DOLLARS Speculators did a fairly exten- sive business selling Dollars. In the Bank market there were sellers at 29. 15/16 at the opening but the rate gradually rose to 30. 30, 1/18, 30 1/8 and 30 3/18, resulting it some business at these rates for various deliveries. Closing rates at 1 p.m. were 30 1/8 sellers for near and buyers at 30 3/18 for Cash and 30 1/8 for far forward.
Amer. Waterworks- 321 Anaconda Copper ... Atchison, T. & 8. Fe. Auburn Motors ...... Baltimore & Ohio Barber & Co.
Boeing Airplane Co. Borg-Warner
Briggs Mfacturing.. Brooklyn-Manhattan.
Trans, ...... Brooklyn-Manhattan
$8 cum. pf.
$8.90
$4.35
#01
$6.00
$88
$107
Do. 4% Debentures
.
Shanghai Lands B.
935 BE071
201
H.K. Beation....
Humphreys ...................
108
Chinean Batalo ......
Cotton Mill
#18
$18
Ewas (8.)
$90
S'hai Cottons (8.)
$80
SHANGHAI DOLLARS,
$24
Zoong Sings (8.) ...
$14
173 1/2 to 176.
$42
Wing On Textiles (8.)
$42
SHANGHAI MARKET
Public Utilities,
$16.50
#10/10.85
$16.60
Tramwaya
Peak Trams (old)...............
167
$3
#3
Feak Trama (new)............---|
$72
Star Fitrian
9234
Y'mati Ferrien C.BS
Do.
$10
China Lights (old)......
$10.40
cail
$10
on Lights (new)......
$58
H.K. Electrica
8381
J
$17
Macao Electrics
Sandakan Laghts
$26
Talephotos (old).....
$9
Telephones (new)...............
200 Tracia
28,3 Tractions (prof.)
QUOTATIONS
Sept. 30, 1938. High Low Close Ubang
137.40 134.88 137.18 1.45 up 26.65 2478 23,67 1.04 up *1879 18.08 18.89 42 up
dri49
.34 up 47.69
.29 up Business Don--1,230,000 shares,
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
JAN.-MARCH..
(FROM PAYNE & CO.)
SINGAPORE RUBBER
Sept 27 buyers sellers
25-5/8
25-3/3
25-5/8 25-7/8
36-7/8 28-1/8
Sept. 29. buyers sellers
25
Change
25-1/4
OM 3/8
of 3/8
ou 1/4
25-1/4.25-1/2 25-5/8 25-7/8
Influenced by reassuring news on the political situation in Europe the market, after the opening, ruled firm at 25 cents buyers for January-March options and at correspondingly higher rates for more distant deliverles It was rather difficult to transact business on the basis of quoted rates due to scarcity of sellers.
Later in the day the market turned somewhat erratic and after Auctuating within a price-range of 3/8 of a cent closed at 254 cents for' January-March with a quiet, but steady undertone.
For the information of our clients we herewith beg to subjoin the following statistical @gures for the month of August as compared with July 1938.
Production in Malaya by
な
estates over 100 acres in August Production in Malaya by
estates under 100 acres in August Stocks held by Dealers-IN
Tons
Tons
18551 Down 1244
8203 Up: 106
High Sow. Dow Jones Average, Sept. 2 143.67 98.95 So Industrial
32.77 19.00 90 Rails
133,68
23.65 16.14 90 Uzilimen 9 82.70 83.39 40 Boads 59.00 45.03 11 Commodity Index 47.40
24.08 15.00
85.95
Last Sale
STOCKB
Last Sale
Sept. 28 29
Sept. 28 20
91
· 108
Great Western Sugar 26
281
16)
17
Greyhound Corpn. 141
16
+101
181
Hecker Products
71
63 *
651
Int. Nickel ...
461
+8)
951
97
Int. Tel. & Tel.....
81
31
31
3}
Kennecott Copper...
401
427
3 POT
174
Libbey- Owens- Ford
OCT.-DEC.
17
181
Glass
50 1
51
325
32
Lockheed Aircraft' .
121
134
147
154
Loew's Inc,
48
*492
164
17)
Martin. Glen L...
201-
213
43A 441
McKesson & Rob-
21
211
136
1401
841
31 bins, $3 pf. ...................... Monsanto Chemical 93
444 Montgomery Ward...
321 951 46
BA
>
33
Nat Dairy Products 121 Nat, Distillers......... 221
124
231
31. 31
33
Nat. Power & Light 6
01
31*
NaL Supply Corp. 141
151
61
New York Central... 151
161
18)
N. America Aviation
81.
81
16
17
North America Co. 178
181
541.
572
Northern Paciic...
10
101
22
23
Pacide Gas & Elec 251
25+
312 33
Pacific Lighting
351
353
31k
321
Packard Motors ...
43
43
Paramount Pictures
91
101
Malay States at 31st August ........... Stocks held by Dealers in
81
83
Pennsylvania R.R... 17
181
Straits Settlement at 31st August
Phillips Petroleum...
371
381
11037
40139 Down
Stocks held at Ports and in
261*
261
Public Service of N.J.
271
281
"
51
5#
Pure Oil
92
101
Lighters in Malaya at 31st August "tocks held by Estates over
8254
Up 389
80
83
Radio Corpn. of Am.
671
01
27}
30
Republic Steel..
18
17
100 acres in Malaya at 31st August Total Stocks held in
33509
Up 2334
68
707
Reynold Tobac. "B"
404
413
Malaya at 31st August
90039 Down 6678
Schenley
141
161
60
624
Schenley, 51% pfd... 85 *.,70
LONDON RUBBER
443
471
Sears Roebuck
671
691
I
Shell Union Ol
141
(41
« Previous close.
buyers
Socony-Vacuum O. 13
131
341
35
Southern Paelic
15.
151
is P.O.T.
7-7/8
Today's close
sellers: buyers
7-15/16 7-3/4
241
26
Southern Rly $5 pld.
151
102
JAN MARCH
7-15416_8_
Fllntkote
Gen, America Trans" 44
Gen. Electric
Gen. Railway Signal 19
Goodrich (B.F.)
$101
Goodrich 15 pf.
36.40
H. K. STOCK
Goodyear Tire & Co. 253
Great Northern Iron
Ore
Great Northern Rly. 171
* * * * * * * * * * ₫ 7. 28±88±8688 ZE
8*
Standard Brands
01
ཏྭཱ
8
40%
-Stand Gas & Elec,
31
31
201
Standard Oil of NJ.
'50
521
653
B+
.91
Stone & Webster
Swift International
251
27
21
201
201
Technicolor
411
43)
Техва Согра
141
Texas Oul! Sulphur
36
361
431-"
46
20th Cent. Fax.
231
241
132
do. $1 pi
30
+
32
10
Union Carbide &
71
Carton ....
79%
32
Union Pacific
811
88
421*
54 *
United Aircraft ...
25
251
United Airlines Trans
81
ર
511*
United Corpn.
24
21
United Corpn. $3
.39
cum. pr.
257
231
231
United Gas Corpn.
3
31
441
Un. Gas I'provem't
91
9*
403
US. Rubber pf.
44
441
401
U.S. Stee!
83
341
191
U.S. Rubb
.562
21
Vanadium
171
18
221
Warner Bros. Pict....
52.
61
APRIL-JUNE
„0% 1/16. 7-15/16 8-1/16 of 1/16
Market quietly steady, awaiting further developments.
NEW YORK COTTON
The market early advanced on the better political situation and firmness on Wall Street. General buying also aided the market. Later, however, prices reacted na lower Liverpool cables and on proft- taking, especially in near positions. Then, values again hardened on covering by shorts and switching to later months. The market closed fairly steady, but prices were below their best!
NEW YORK RUBBER
After an irregular opening, the market steadied with increasing optinism regarding the meeting of the "Big Four" at Munich: mand found offerings light and values continued to advance.
CHICAGO WHEAT
De-
Prospects of an amicable solution to the European controversy and the easiness of the Liverpool and Winnipeg markets'inspired mo- derate selling. At the same time, there are indications that liquida- tion has been completed, but support from professional traders is lacking, pending news from Munich. Export demand is disappointing.
7-78
sellera
7-7/8 8.
Change of 1/8
8-1/18
531
Westinghouse
Elec. 981
.091
261
Woodward Iron Cor. 161
171
12)
181
Chase National Bk. 283*. National City Bank 221", Call Money
291*
231*
1%
70 cts:
tex. div.
1%
• bid.
*Bales to Shanghai
LONDON EXCHANGE RATES
(British Wireless Service)
Sept. 28
Sept 29
Parla
178-9/16
1761..
Geneva
21.16
21.10
Berlin
11.00)
11,921
Athans
silian
19
901
110
Lisbon
Stockholm
19.391
19.40
Shanghai ....
Bid
New York
4.71
4.751
8.771
8.841
137
138
224-3/4
€160
1/2 31/32
1-5d. 29/32
4.811
1/5-15/16 4.831
27.804
28.171
13.
210
18.801 70%
18.89 201
2-31/32
181
181.
34 93
19-3/16 19-5/16 34.99
Amsterdam
Vienna.....
Prague
Helsingfors
Bucharest
Hong Kong
Bombay
Montreal
Prussels
Yokohama
Belgrade
Buenos Aires .,.
Monte Video
Rio de Janeiro
· Silver“ (Forward)
Silver (Spot)
War, Loan
Closing Quotations
20, 1939.
Telegraphio Transfer. Bank Bill on dánkað }'
Credits, 4 months, wight = 1.11
On demand
UN. SINGAPORE:
Ou démand
LAM JAPAN7"
Ou demand
Telegrapnic Transfer.. Sane depURDER
ON NEW YORK:÷
Bank Bills, on demand 291 Credits, 80 days' sight 30
ON BATAVIA:
On demand
Qs Pants': -
541
Bank Bills, on dimanð 1,095 Credits, 4 months' aight 1,180
UN SALDON
On demand
16 MANILA
On demand”..........................
ON BANGKOK:-
10%
On demand ... 149 srivereign Notes.
Bank Buying Rate..... 1/8-176 Der Hilver TRE DEL
19-6/28
EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
SELLERS
During most of the week the market was overshadowed" by the critical slate of affairs in Europe, but the news received to the Colony early this morning that the four Great Powers had arrived at a solution of the crisis gave great stimulus to the opening quotations. "Buyers displayed eagerness to ob- tain shares, though their ideas of prices did not at first tempt, many sellers. As the day. wore on en- quirers raised their bids, resulting in a
fair turnover at advancing rates. The closing tone, firm" with an upward tendency.
BUSINESS DONE DURING- THE WEEK
Hongkong Banks, $1325, $1360.
$1-125, $1440. Union Insurances, $512). Hongkong Wharves, $125. $127.
$128.
Providents (Old), $7.05, $7.15. Providents (New), $8.80, $8.70,
$8.85, $6.95,
Hongkong Hotels, $8.95, $0.92).
$8.70, $6.90, $7.10/7.15. Hongkong Lands, $384. Tramways, $16.90, $16.85, $16.
$16.85, $17/17.15.
Star Ferries, $771, $77.
China Lights. (Old), '$11.20, $114.
$111.
Hongkong Electrics, $581. $504.
$59.
Cements, $174.
Watsons,
Wm. Powells, 70 ets.
Govt. 4 per cent Loan, 64, per
cent Premis da
Govt. 3 per cent Loan, 1 per
cent Prem. CHANGES: (9.15 p.). CLOSING QUOTATIONS
Hongkong Banks, $1480. Union Ensurances, $510.
H.K. SHAREBROKERS' ASSOCIATION
BUYERS
Banks, £1430. Unions, $510. Wharves (Old); $129. Trans, $16.90.
China Lights (Old), $11.40. Electrics, $59.
Cements. 5163,
Ropes, $41.
Watsons. $7.90. Coco Grove, .69 cts.
SELLERS
China Lights (Old), $11.65.
SALES Providents New). $8.95. Providents (Old), $7.10/15, Hotels. $7.15/20. Trams, $17.
China Lights (Old), $114/35,
Hongkong Wharves, $1284. Providents (Old), $7.15. Providents (New), $6.95,
Hongkong Hotels, $1.15..
Hongkong Lands, $381.
Hongkong Realties, $51. Hongkong Trams, 317.15. Star Ferries, $77. China Lights (Old), $11.35, Hongkong Electrics, $59. Cements, $17. Dairy Farms, $264. Watsons, $7.95.
SALES
Hongkong Banks, $1440. Union Insurances, $512). Providents (New), $8.85/6.95. Hongkong Hotels, $7.10/7.20. Hongkong Lands, $381. Hongkong Trams, #17.10/17.15, Star Ferries, $TLAR China Tights (Old), $111/114 Electrics, $69. Cements, $174. Watsons, #8
NEW U.S. GOLD POLICY
Certificates For Fresh Imports
Washington, Sept. 30.
At a Press Conference last night, Mr. Henry Morgenthau, Secretary of the Treasury, stated that any further gold Imports Into the United States would not be placed with the Treasury's general fund,, thus indicating that the Treasury will issue gold certificates Instead,
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. L. Levy & Company), New York, Sept. 29 (Thursday)
Prey. Today's High Lav Close Close Change 8.05, 7.91 7.90 8.00 .10 up
15.56 10.00 15.55
654 841
October
Gold now in the general fund may moreover be withdrawn to December replenish, if necessary, decreases March in the Treasury's accounts with the May Federal Reserve Banks and to meet possible Renter:
future gold exports
NOT SURPRISING
קט 10!
סט 11.
unch.
Chicago Corn. Winnipeg Wheat,
New York Cotton - Dec. New York Rubber-Dec. Dec. Chicago Wheat
Dec.
15.98 32 up.
651
#51
up
501
491
501 49%
Dec.
631
62
631
621
off
NEW YORK COTTON
Close
Opening.
Closing
Change
7.97/98
.8,03/03
7.95/95
.02 off
December January March May July
7.90/91
7.98/96
8.00/01
(1939)...... 7.88/88
7.96/98
7.08/98
.10 "up
{
>
... 7.87/88
7.94/94
7.98/98
{
> ..... 7.80/82 (,,)
7.87/88
7.93/93
13 up
Spot
7.80/80 7.82 N
7,86/86
7.92/93
12 up
7.82 N
NEW YORK BUBBER
15.66/66
15.03/69
15.66/70
15.68/68
15.73/73
15.70/20
15.98/98 15.08/16.01 16.04/05
ap
up
Sales for the day
4,680 tons
CHICAGO WHEAT
€6/651
661/851 661/661
651/651
29,227,000 bushels
CHICAGO CORN ^.
504/504 504/493 537/534 824/521 53/52 541/541
499/497
off
of
534/53)
ΟΣ
WINNIPEG WHEAT
643/84]
637/631
831/631
631/831
621/621
021/62}
681/061
651/851
NEW YORK STRAITS TIN
44.05 N
44.10b/50a44.45. N 42-3/4 4.78-1/8
December
May
Wednesday's Bale
New York, Pot..30. The statement of Mr. Morgen July thay is not considered particularly surprising here in view of the fact that the Treasury had already begun, to de-sterile part of the free gold held in the general fund. December
May This step, together with the new development, have as their prin- cipal object the prevention of a depletion of the Treasury's cashi resources, which are needed to pay for the spending programun The gold Influx has so far been paid for by Treasury receipts.
The potential widening of the credit base resulting fLum the new policy is not regarded - as an important factor in pre-
sent, conditions Bauter...
July
October December May
December
·651/65)* 642/66 66/661 654/451
NY Bilver, Official ...... 42-3/4- NY-L'don Cross Rate... 4.73-1/4"