STOCKS
Adama Express Alleghany Steel Co. Allis Chalmers ----- Amerada Corps. Amez. Can
W
Amer. & Foz. Power Amer. & For: $7 pf. 181 Amer. Locomotive ... Amer. Metals Amer. Radiator Amer. Rolling Mill 18 Amer. Smelting ...... Amer. Sugar R'ing... Amer. Tel. Tel.
talion. T. & S. Ft.
turn Motors .......
imore & Ohio... Barber & Co. ................... Barnsdall Ol
Bethlehem Steel ...... Boeing Airplane Co. Borg-Warner
$59/60
29.60
3261
1251
Curtiss Wright (C)
Curtiss Wright="A".
Distillers Corpız. Sea-
grama
Douglas Alrerait
Du Pont
Eagle Picher Lead
314
Cald., Marg. (Ord.) 8.
$18
Cald., Macg. (Prat.) &
$17.20 841
317)
J201
Censhta
Rope
| 11.70 |Canton Icea
Miscellaneous,
$1.80
$17.30
141
Dairy Farm
#251
Ch.
Étainments
$6.10
1
Constructions (old).....
$13
Constructions (now)co
$81
Lane Crawfords..........
$1.00
38/2.10
M1
70%
Elec. Bond & Share
Elec. Bond & Share
OFFICIAL
$5 pt.
QUOTATIONS « «
The market was quietly steady during the short session.
H.K. Banks, $1440.
Elec, Bond & Shore.
$6 pt.
Elec. Power & Light
ST pl.......
DIVERS
Flatkote
PAGE 12 HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock · Exchange
Sharebrokers' Association
Buyers Sellers
Sale
Nomb
SATURDAYO
OCT. 1.
Buyers Ballara
Ace Nomical
$1,440
#1,440
Baske
HK. Banks ......................) $1,450
Do." (Col. Bog)......
PARTM Do. (Lon. Reg.)...... 210 Chartered Banke
£29rcantile Bka. “A” £134 Moronatila Rika, “C**
Bank of Bass Äria .......
N. V. & 6. Banka.....
IMERERROOS
Canton InsurKÖÇES............ Union EmsuṛSOCOS D
| Underwriters ...
1
+
291
£39 ΔΙΟΙ £39 £13
12
$220
15124
#513)
$510
JIL
$200K Fires
13 3900
Shipping
1687 Douglasen
#68)
$10
320
Steambosis v
160 Indo-Chinas (Prof.)....
$60
124
$24 91/10
14/0 子多
::
$1294 $7.15 $6,95
$1304 $7.18
$194
3.85.93
$18
$7.10 $381
7.10/20 |4381/1
$5.90
Indo-Chinas (Del.)...............
91/10 Shells ar
Waterboats
Malag
18/3
Kailana
1970 Rauba
$3
Venezuela Gold Fids.
17 cta, Hong Kong Minès......
Docks, Wharves,
Godowns, ote H.K. & K. Wharves... Providents (old).......................... Providants (new).................. H.K. & W. Docks....
Do.
(16).........
$125 Shanghai Dooks B. $3.50 New Engineerings B.
Lands, Hotels, and
• Buildings H.E. Hotal
H.K. Landsm
$107) Do: 4% Debentures B.40 Shanghai Lands 8.
198
FLK. Baltion varies
| Humphreyɛ .........................
Chinese Estates sonora
Cotton Mills
18 Ewo (6.) ...........
$91
:::::
cum.d. $139
710/15.
$8.95
$194 $181 $12
331
7.15/20
335"
ex. int. $1051
B'bai Cottons (B.)
$2+
342
Wing On Textiles (8.)
Zoong Sings (9.).......
Pablic Utilities
317,15 381
17/17.1
17.08
Tramways
17/17.10/15
Peak Trams (old)................
$31
Fesk Trains (now}......
*TT
$77
:་
$10 call p $591
Star Furries
124Y'mati Ferrion C.B.
Do.
(new)
China Lights (old)... kins Lights (new).. R.K. Electrica.
$17Macao Electrica
Saadeka Lights
Telephones (old).................
Telephones (new)...............
25 Tractions 203 Tractions (pref.} Industrials
*) *** **** percik lagi
1.38/
ally p010.50
FINANCE
SHARE MARKET NEW YORK STOCK EXCHANGE
REVIEW
Market Recovers.
(BY C. A. L. RICKETT)..
| Secretary. Hongkong Sharebrokers' Association
The market opened easfer at the beginning of the week, and later, with the approach of the crisis in Europe, business practically ceased and prices were allowed to remain entirely nominal for two days. There was some evidence, however. of nervousness and isolated sales were reported well below quotation Towards the end of the week the market reacted to the easing of the European situation with a strong recovery in price levels, and bida had to be raised well over- Some quotation to obtain shares. profit taking, however, has been encountered at the close of busi- ness, resulting in a quieter under- tone, although price levels have been well maintained.
1948
High Low Dow Jones Averages, -145.87 98.98 30 "Industrials
19:00 20 Balle 31.77 29.56 16.14 90 Utili 91.70 83.39 40 Bonds
Sales in Hongkong Bank shares Amer. Tobacco """871 were reported down to $1,350, but Amer. Waterworks... recovered to $1,440.
Anaconda Copper Unions were wanted at $510 with sales reported at $512. Wharves after changing wanted at hands at $128 were $129. Trams receded to $161, but recovered with buyers at $17.15. China Lights (0) changed hands. down to $104. but improved to $111. Hotels after changing hands at $6.65 had buyers at $7.15. Elec- tries lost 75 cents but recovered to ||
with 359
more favourable European news. Providents (c) changed hands down to $5.30 and Lands and back again to $7.15. Dalry Farms did not give way to any great extent and at the close of business have enquiries at $38 and $25. respectively.
the
3
Gold mining stocks also 'met with a setback. but have staged an equally quick recovery. On an average price levels showed a de- cline of about 30 per cent.. but at the close of business to-day prices show very little change over those recorded at the close of business Market for the previous week. closed quietly steady.
-H. K. STOCK
EXCHANGE
SATURDAY'S
Briggs Mfacturing- Brooklyn-Manhattab
Trans...... Brooklyn-Manhattan 36 cum. pr........... Canadian Pacific
all 881 Case. J. ****.
Chesapeake & Ohio Chrysler Corpn......
Columbia Ga" & E. Columbia 8% "A" p Commercial Credit 11 Commonwealt?r & ̄S ̈ ̃»" Commonwealth & S.,
6% cum pl. Consolidated, Edison Consolidated Cil Continental Can Continental Ou...... Corn. Products ......
Oct. 2, 1939.
Business Cone:-850,000 shares...
MONDAY, OCTOBER 3, 1938.
PAYNE & & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
HONG KONG
(FROM PAYNE & CO.)
SINGAPORE RUBBER
Sapt 30
Oct. 1
buyers sellars buyers sellers
27-1/8 27-3/8 27-3/4 28 27-3/4 28
Change
up 5/8
28-1/4" 28-1/2
up 1/2
28-1/2 28-3/4
The market opened 1/4 of a cent higher for all deliveries, as com- pared with Friday's closing quotations.
Shortly after the opening the market displayed a steady under- tone with fair demand for "actuals." However, dealers and specula- tors were disinclined to operate to any larger extent preferring to await further developments. Although it is generally felt that the market will go higher in the near future on improving statistical po- sition supported by good trade-enquiry, yet it would seem to be ad- visable to confine purchases to any declines.
Later in the session, prices registered a decline of 1/4 cent on rather heavy profit-taking, the market closing with a steady, but quict undertone.
LONDON RUBBER
--NEW YORK, COTTON
The market was inactive throughout the session and, although the undertone was steady, changes were small with orders quite even- ly divided between trade and foreign buying as against New Orleans and local selling. Towards the close, there was a firmer feeling on better stock market news
NEW YORK BUBBER
Prices were firm on moderate general buying, under the leader- ship of London dealer demand anda steady enquiry from manufac
request. Hedge-selling by turers. December position was most in speculative and foreign interests was well absorbed.
CHICAGO WHEAT
The market to-day was extremely quiet, being at present course of readjusting itself to normal conditions after the recent European uncertainties. Lack of encouragement from abroad, bellef that export demand has been sufficiently suppled and dissatisfaction with Government methods were all restricting factors.
(Through Rauter's Service)
QUOTATIONS
Sept. 30. High Low Ulowe Chang
147.45
143.89 £41,58 143.13 1.68-up
20.81
27.48 30.87 27.03
.81 up
19.44
19.98 19.52 19.86
.43 up
87.13
87.83
.48 up
$8.00 45.03 11 Commodity Index 47.58
47.48
.12 of
Last Sale
STOCKS
Last Balo
Sept. 30 Oct. 1
117 111
Great Western Sugar
Sept. 30 Oct. I
j
173
18"
Greyhound Corpn. 163
+18 171
COMMODITY MARKET REVIEW
491
501
Hecker Products ...
8
K
691
701
Int. Nickel ...........
50)
51
***
98
1991
31
Int. Tel. & Tel ...... Kennecott Copper ... ++
91
103
43
44
19
Libbey-Owens- Ford
19
19
Glasa
452
53
344
951
Lockheed Aircraft .....
141
147
151
161
Loew's Inc. ..........
51
32
181
Martin, Glen L.
22}
23
SPOT
45)
474
McKesson
& Rob-
JAN.-MARCH ...
22}
23
bins, $3.pf. ......... 31
34
APRIL-JUNE
1424
143
Monsanto Chemical 957
961
871
Montgomery Ward... 463-
181.
91
10
Nat. Dairy Products 14
13
333
343
Nat. Distillers .........
244
244
34
354
Na Power & Light 01
Th
4.
41
Nat Supply Corpn. 151
184
72
New York Central..
171
18
191
193
N. America Aviation
01
91
171.
18
North America Co. 191
20
581
60
Northern Paciic...
107
11
231
25
Pacidc Gas & Elee
261
263
334
# 34
Pacific" Lighting
37
38..
331
351
Packard Motors ....
5
5 μ
Paramount Pictures 101
111
91
91
Pennsylvania. R.R...
181
197
Patlips Petroleum...
401
401
281
293
Public Service of N.3,
291
301
Previous close
6)
61
Pure Oil
10
10
buyers
sellers
Today's close buyers sellers
Change
n942
Radio Corpn. of Am.
ཏྭཱ
71
30
312
SPOT
B-1/8
8-1/4
I
Republic Steel
181
181
JAN.-MARCH
8-1/4 8-3/16
CLOSED
732
751
Reynold Tobac. "B"
431
432
APRIL-JUNE
... 8-3/10
8-7/16
61
1
Schenley
178
18
63
671
Schenley, $% pid...
70
70%
Market.closed.
30
Sears Roebuck
711
.. 724
Shell-Brion Oil
152
16
Socony Vacuum Off
131
141
374
40
Southern Pacific
162
178
27.
27}
Southern Rly $5 prd.
17{
181
83
"g
Standard Brands....
71
蝌
41
423
Stand. Cas & Elec.
32
31
291
30
Standard Oil of N.J.
531
633
653
673
Stone & Webster
03
10
51
Swift Internationa. 27
27
22)
221
Technicolo:
201 211
Texas Corp. .................
441
45
152.
16
Texas Gulf Sulphur 371
38
471
481
20th Cent, Fox..
251
262
1341
136
32
341
do. $13 pf.
103
.103*
Union Carbide Si
71
71"
Carbon
841
843
Union Pacif¢.......
90
001
50
51
United Aircraft
261
271
in
United Airlines Trans Bi
91
•
55
341 24
i
... $4/pm
Nanyang Tobaco0.....
Sinceras****
Watson
Ch. G.5% 1925G Bda. H.K. Govt 4% Loana
H.E. Gort. 3% Louzs
B.K. Wing On........
8'hal Wing On...........
$9.95 Vibro Piling snowwprest 14/43 Marana Izv. ¡Len.
3/
Macamana Inv. (HK)
Wm. Powells
*Sales to Shanghai,
LONDON EXCHANGE RATES
Canton Ins. $220.-
Gen. Electric
Union In's, $512).
Gen. America Trans 471
Gen. Motors ....
42)
47
17.95
Union Waterboats $9.
70%
HK. Wharves, $129).
Gen. Railway Signal 201 Glidden Co.
221
$106
3101
$471
H.K. Docks (Old), $19. H.K. Docks (New), $18. Providents (018), $7.15.
Goodrich (87)
Goodrich 15 pf. Goodyear Tire & Co. 271
231 55
$8.40
Great Northern Tron
Оте
14
44
170 ct.
(British Wireless Service)
JI
Sept 29
Oct. 1
178)
178-25/37
21.10
21,21
11.924
12.001
5471
901
911
110
110
10:40
19.391
Shanghat
024
New York
4.751
4.32
Amsterdam m
5.841
2.89
Vienna
138
140
226-3/4
2263
£60
660
1/2 31/32
1/3
Bombay www.******
1/5-15/18
1/5-15/18
Montreal
· 4.83)
4.852
Prussels
28.17!
28.574
Yokohama
1/2
Belgrade
210
210
Buenos Aires
18.89
18.97€
Monte Video
201
20
2-15/16 22.40
19-3/18 19-5/18-
19-1/18 191
31% 09
Cements, $17.20.
Dairy Farms, $251;
Cements, $174.
Watsons, 18/8.1/
Parla
Geneva
Berlin.
Athena
Milan
Lisbon
Stockholm
Prague
Helsingfor Bucharest
Hone Fons
Rio de Janeiro
Copenhagen
Oslo
Silver dbékára)
Silver (Spot)
War Loan
ON LONDON:
Closing Quotations
October 1, 1935.
Telegraphie Tranate) Bade Balon demetid
Orodita, 4 months", sight.: 1/3).
SHANGHAI
On dukand
Ox Naw Kouza-
Bank Bills, on demand 29 18/18 Credita, days' night=20/7/16 ON BATIYLE:...
UN PARIS-
Bank Bille, on demand 1,035 Oredita, 4 months' sight : 1,180 UN SALGON:
On demand
·89-9/18 Ox· Manila's—
Providents (New), $8.95.
H.K. Hotels, $7.15. HK. Lands. $381. HK Realties, $5.90..
HK. Trams, $17.15.
Peak Trams (Old), $67.. Star Ferries. $77, "
China Lights (Old), $11
China Lights (New), $101 (call
pald).
Electrics, $50.
Sandakan Lights, $9.80.
Telephones (New), $9.
HL K. Röpes, $43.
Watsons, $8. Wm Powels, 75 cts. SELLERS
:
Telephones (Old), $264.
SALES
H. K. Banks, $1440. Union Ins, $512},
, H.K. Wharves, $1301.
Providenti (Old), $7.15. Providents (New), $8,85/8.95. HK. Hotels, $1.10/7.20.
HK. Lands, 1384/384.
H. K. Trams. $17/17.15.
Star Ferries. $77.
China Lights (Old), $114/114. Electrica, $59/50,
Telephones, (Old), $28ł.
(Prices below in Phil. Currency)
Antamoks Ps., 354.
Atoka; 83
Bagulo Gold 244.
Benguet Consol, 11.60 Coco Groves; 42: Demonstrations, 27 1. X. L-60 Ban Mauricio, .72 Buyoc Consol, 18 United Paracales; 34
Great Northern Rly. 10)
THE EXCHANGE Philippine
MARKET
MESSRS. ROZA BŘOŠ
Silver prices were lower yester day to the extent of 1/16 for Ready and 1/8 for Forward, the quotations being 19 1/4 and 19 1/16 respectively. Silver advices reported speculators as having operated both ways! The market was steady. Later buyers bid 1/18 over. American Silver was quoted at 42 3-4 for Spot.
The London New York cross- rate was quoted at 482. New York /London was quoted at 483, 3/8.
Qulet.
MARKET
STERLING
There were sellers at 1/3 Octo: ber/January and 1/2 31/32 February/March, buyers at 1/3) 1:32 Cash January and 1/3 March.
U.S. DOLLARS
Mining News
EQUITABLE EXPLORATION Company, Inc., will hold a special. October meeting of stockholders
20 at the offices of the company
On
Chicago Wheat
Chicago Corn Winnipeg Wheat ---
the fourth floor of Boriano | October Building of Plaza Cervantes, to December consider and decide on the pro- January
company, March posal to dissolve the according to a notice sent out to May July stockholders.
Other matters may be discussed Spot by stockholders in connection with the proposed dissolution of Equitable Exploration, the notice said. The company owns gold December claims in Capacuan, Paracale. March Camarines Norte and in Moun May
tain Province, which were explor- : Sales for the day:- ed in the last few years, but work reportedly has not brought any encouraging resulta
Equitable. Exploration Company was Incorporated in Septemer, 1933, with an authorized capital stock of F150.000 with a par value of ten centavos per share.
Sellers at 30 3/16 October /No-
NEGROS MINING Company, vember and 30 1/8 December Jan-Inc., has reported that it has uary, buyers at 30 5/16 Cash Octo-
bc and 30 1/4 November Decem about 1,000 tons of manganese
ber.
ore ready for abipment about the December end of the month. The ore which May SHANGHAI DOLLARS
has been piled near the seashore July Closed with sellers at 180-1/2. in the town of Milagros, Masbate. was bought by a local company. SHANGHAI MAKKET representing & buyer, in Japan
be❘ October Opened with sellers at 8 1/2. After the arst shipment to Subsequently the market was weak mads this month, the company: December with sellers quoting &. 11/32, 8, 1/4, 15 expected to be able to make May The gure representing the 8 3/18 and 8, 1/8, but reacted to regular shipments of ore in the average opening selling rate for sellers at 81/82, B 9/22, 8. 5/16, nese future, it was stated. Ne- the month of September, 1938, of Last advices indicated sellers at 8. gros Mining Company owns 10
ore in December and the Hongkong 149A
Shanghal 1/4 USDollars were quoted in claims of manganese Banking Corporation for demand Shanghai at the opening at 17. Milagros which have been under NY Bilver, Ometal 1/8.1/16 drafts on London is settled at 1/6 sellers, Last advices Indicated development work for over a year NY-C'don Cross Rate... 4.83-3/5
sellers at 16. 3/4, 18
160 nom.
Singapore
109
On demand i
DE JAPANI-
On demand....
[80].
ON BANGKOK :-***
On demand
106
On demand raise
Sovereign Noten.
Bank Buying Babi......
Telegraphic Transfer.L92}
14.88.
SELLING RATE
NEW YORK STRAITS TIE
44.65 K 42-3/4
44.10b/44.701 44.85 N.
unquoted.
481-2/4
121
ឌ ឌី ឌី ឌី ឌ ឌ ឌ ឌី និង គគឺ
58-
United Corpo. ........ United
27
27
Corpn. 43
cum. pi.
29
301
251
United Gas Corph." 31
3
463
Un Gas Brovem't 9%
91
U.S. Rubber pl. .......
452
483
US. Steel
861
884
US. Rubuc
59
601
233
Vanadium
183
19
281
201
Warner Bros. Pict... 61 Westinghouse. Mec. 1023 Woodward Iron Cor. 19 Chase National B2 301* National City Bank 242* Call Money
63
105
N. Y. Commodity Market
17
191
313*
2511
1%
1%
(By Courtesy of Messrs. Swan, Culberthon & Fritz and S. L. Levy & Company)
* cx div.
bid.
New York. October 1 (Saturday).
High Low
New York Cotton - Dec.
New York Rubber Dec.......
8.09 16.82
8.05 2.08 16.72 16.60
Prev. Today's
Close Close Change
8.03 16.77
.02 up
17 up
- Dec.
84 831 837 631
unch.
Dec. Dec.
48A 471 60% 591 601
481
471
1 ok
591
t off.
NEW YORK COTTON
Close
Opening
Closing
Change
7.99/99
8.03/03
8.03/03
,04 up
8.06/07
8.09/08
8,08/09
.02 up
(1939)
8,05/05
8.06/06
8.06/00
.01 up
8,03/04
8,04/03
8.04/04
01 up
H
7.99/99
8.00/00
(..)
7.98/98
8.00/7,97
7.99/8.00 7.97/97
Anch
.01 off
7.82 N
7.82 N
unch.
NEW YORK RUBBER
16.60/68
16:63/68
16.68/70
16.955/70a -16.77/78 18,70/TO 16.77/77 16.73b/75a 18.83/85- 1:480 tons
14 up
מט 17.
CHICAGO WHEAT
December May July
031/631
641/641
631/631 837/64 048/649
*unch
844/641
·641/64
838/632
Friday's Bales:
20,300,000 bushels
CHICAGO COEN
484/484 48/477 -511/811.
51/61
11/47F
504/501
521/521
614/511
WINNIPEG WHEAT,
60+/601
59/59
601/201 327/601 631/611
591/58
621/621