Sharebrokers. Association
WEDNESDAY. OCT. 5.
Buyers Ballers
Momina ·
Banks
11
| $1,488)
Do. (Col. Eeg.) ----·· | Do. (Loa. Beg),
201
£39
67
#295
$514
210) | Chartered Banks .....
21
189.
Mercantile B "A** Marotmilie Bick. “C2
Bank of Eass änin ...
N. 0.8. Banks.....
Insurancès
Canton Insurinces........
Union EpentADOBE ****** Underwriters kepenatanten
1920 HK Fire
Shipsing
£10
PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS
Hong Kong Stock
Buyers Sellers
Exchange.
SA
$1,400
£90
B.K. Banks
·
JAPAN'S RAYON
TRADE NOT BRIGHT
Exports In August Unsatisfactory
Shanghai. Oct. 5.
trade
Japan's export
rayon yarn and textiles for Angust, the first month
FINANCE
H
NEW YORK STOCK EXCHANGE
(Through Renter's Service)
QUOTATIONS
1938
High Sow Dow Jones Averages
Oot. 3.
145.67 88.96 30 Enduroria in
14229
Oct., 1938. High Low Close 14488 143.28 14493
Chang
$2.77 19.00 90 Rail
27.54
29.58 15.14:20 Utiliti
10.20
92.70 63.39 40 Bonds
in
£29
operation of the
palp-rayon
STOCKS
£13
"link" system, was not
$88
factory, according to
satis- reports
Adams Expresa
from Tokyo.
5320
Exports of yarn were
###!
$610
500 boxes, 29,000
only 13, boxes
lower
12
7900
1687 Dengiz ke
588
$20
$30
Steamboats
to im- 1,700
$80
Indo-Chinas (Prst.)........
$80
124
Indo-Chinas (Del.)...............
$24
boxes.
88/9 Shalla...
88/9
Rayon
manufacturing
Waterboats
19.
Mining
17/3
Kailang
17/3
#L
Venezuela Gold Fide.
$7.10
$6,90
$19
1381
#38?
$107
**
19.70 Rauba ...........
74 eta. Hong Kong Miom......
1 Docks, Wharves,
- "Godowns, ate.
319 HK & K. Wharros... $198
Providenta (old).........................;
Providenia (new)-------
H.K. & W. Dock #18)
Do (*). 3126 Shanghai Docka 8..... #390 New Engineerings B.
Lands, Hotels, and
Bällding
H.K. Hotale
H.K. Lande........B.
Do. 4% Deatures
43 Shanghai Lands 8.'
H.K. Resitleser
$9.80 Humphreys
Chinese Estaten que
Cotton Mil
Kwon (8.) „í
Bhai Costons (9.) ..............
panies are trying "bard crease their exports, but the Jap- anese product is not now in a Italian position to compete with rayon in foreign countries due to Italian dumping
to
com- in-
of
Public Utilities
(new) Do.
$17Macao Electrics ..........
Sandakau Laghta ......... Telephone (old)... $2b #451
$9
$4.85
$262898
Sinceres
J
"Sales to Shanghai
LONDON EXCHANGE RATES
$130 C.D.
$7 15
H
$8.95
*L*
$10
3190
Imports of pulp
$31
were only 5.700,000
striking
000
ST
87.10
- $85) | #38)
206
$5.90
191
198
119
19
$90
#88
$24
Zoong Sings (S) ......
$24
$49
Wing On Textiles (8.)
$49
$17.10
#17.15
Peak Trams (iii).................
:6)
Feak Trans (now)................. Star Ferris
$77
$4Y'mati Ferries CBS
$94+ 1934
8591
$11,30 China Lights (Did)................... #101|||ina Lighta (new)................
H.K. Electrics........
$11
$11.30
$10.80
969 $60
#10
15
NI
Telephones (new)......
26j.
Tractions one.
20/3
Tractions (praf.)
-Industrials
314
Cald., Macg (Ord) 8.
318
Cald., Macg, (Prof.) 8.
$1.70
Canton · less
$17.20 Cements
$1,60 $17.50
Ropes
561
Miscellaneous
Dairy Farma...
8201
Ch. E'tainment -......- $6.10
37
Constructions (old).....
251
{Constructions: {new).....
49
Lane Crawforda........
$81
Nanyang Tobacão ..............
Gen. America Trans Gen. Electric
434
48%
$8
$8.30
Watsons
$3.35
69. Gort. 4% Loans
Ch. Q.4% 1995G.#Bis..
pm
$106
H.K. Gori. 34 % Loans
$101
$47
H.K. Wing Cu
$47+
8′hai Wing On
ww
101
18,35 Vibro Piling panan
$6.40
A
15/0
Margman lor. (Lon)
H. K. STOCK
FwY
Gen. MotorE ... Gen. Rallway Signal Glidden Co. Goodrich (B.F.)...... Goodrich $5 pt.
233 Goodyear Tire & Co.⠀ Great Northern Iron
Ore
20
241
231
-581
13
3/4
Maramane Inv. (HK)
PH
Wa. Powells
Great Northern Aly, 201
90 cla
Experts of rayon, textlies were also not satisfactory. The amount amounted sent to the yen-bloc
to 15.880,000 square yards, increas- ing 1,287,000 square yards;
Amer. & For. $1 pr. 201 Amer. Locomotive ... amer. Metals ........ Amer. Radiator ...... Amer. Rolling Mill... Amer. Smelting Amer. Sugar Ring -- Amer. Tel & Tel Amer. Tobacco "B" *Amer. Waterworks ....
Anaconda Copper
351 Atchison, T. & S. Fe. Auburn Motors ...... Baltimore & Ohio Barber & Co. ******* 18 Barnsdall Ou
than in the month-before, accord- ing to the Rayon Association of Japan. Out of this, the amount
of exports to be inked parts of pulp totalled only
Last Sale Oct. 3 4 12
Alleghany Steel Co. 18 Allis Chalmers ........
51 70 Amerada Carps.
100`
Amer. Can.
Amer. & For. Power- 41
ક્ષ
Business Dons--950,000 shares.
Great Western Sugar Greyhound
Hecker Products Int. Nickel
lut. Tel. & Tel
Kennecott Copper... 441
Libbey-Owens- Ford
39.00 45.03 11 Commodity Index 47,50
.06 68 27.78 97.19 17.63
.CB up 20.31 -19,89 10.09 .It aff
88.67 47,22
N
STOCKS
Last Sale
201
351
161
181 471 23 1431 831 10 341
4223
.. 10
63
41
71 21
for August
Bethlehem Steel
contrast to
the pounds. for period of last year.-International.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS
Silver prices rose 18 yesterday for both deliveries, the quotations being 19.5/8 for Ready and 19.12 for Forward. Silver advices re- ported the market as being steady. There was a little general buyers Later a small business was done at 1/16 under the quoted rates American Silver' was quoted at 42 3/4 for Spot.
The London-New
York cross-
rate was quoted at 479.25. New York-London was quoted "at 479. 7/8.
MARKET
The market was quiet.
STERLING ...
There were sellers at 1/3 Octo- ber-January and 1:2 31/32 Febra- ary-March buyers at 1/3 1/32 Cash-January and 1:3 March.
U.S. DULLARS Sellers at 30 1/16 Cash and 30 October-November, buyers at 30 1/8 Cash-October and 30 1/16 Novem- ber-December.
SHANGHAI DOLLARS 180 3/4.
SHANGHAI MARKET
Last advices indicated sellers for Sterling at 8.17/64 and US. Dol-
lars at 16.17/32.
Brooklyn-Manhattan
58 cum. pr.
"
Canadian Pacific... 93 Case. JI .............ion. Chesapeake & Ohio 741 Chrysler Corpn. Columbia Gas & . 70 Columbia 6% "A" pf. 50 Commercial Credit Commonwealth & 3. Commonwealth & 8.
391 6% cum pf. Consolidated Edison Consolidated Ofi Continental Can
Curtiss Wright (C) 221
Curtiss Wright “A” Distillers Corpz. Sep-
grams......................... Douglas Aircraft Du Pont
Elec. Bond & Share 61
35 pl....... Elec. Band & Share.
$6 pl. Elec, Power är Light
$7 pl. Flintkote
56.000,
same
Boeing Alplane' Ca pounds, in
Borg-Warner. ....................... Briggs M'facturing -
591 25
34,
35
Brooklyn-Manhattan
93
Trans. ......
+31
61
317
11
274 9"
431
291
Continental Qu Corn, Products
681...
54
Н
161
484
--- 138%
Eagle Picher Lead Elec. Bond & Share
107
71
རཱདོཚོམྨོ བྷོབྷིཡྻཧིཏོཎྞསྶུཏྟཱ3སྒྱུཨྠནཱདྷནོནྣཨཽ ཤཿ བྷཱཛོ ཿབྷོརཱ བྷིཆསྐྱུཙྪོཨྠ སྒྲ#ཏྟཱནང 8 ནྟི ཡ8གྷཝོརཱྀཐü ཧཱི
OCL 3 4 28 Corpn. 171
271-
181
8)
8
THURSDAY, OCTOBER 6, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE · BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
***
50)
GO!
10
101
431
Th
SPOT
Glass
"551
· sst
JAN.-MARCH
Lockheed Aircraft ... 151 Loew's Ind
15)
APRIL-JUNE
Oct. 3
Oct. 4
buyera sellera
buyers sellers
28.1 "28-1/4
*28-1/8 25-3/8 ..
28-1/2
28-3/4
up. 1/8
28-3/4 29. 33-7/8 29-1/8
up 1/3
Change
up 1/8
28-5/8 28-7/8
Martin, Glen L. McKesson
52 231
511 2++
&. Rob-
bins. $3 pi..............
*35
Monsanto Chemical" 981
Montgomery Ward...
482
Nat. Dairy Products 131 Nat. Distillers
.344 98 481 131
25
*5
Nat. Power & Light
71
71
Nat. Supply Corp. isi
178
New York Cyhurana,
18
172
N. America "Aviation 94
North America” Co." 201 Northern Pacife ... 114 Pacióc Gas & Elec 27 Pacific Lighting
201
111
261
.39*
39
Public Service of N.J.
Pure Oli
Packard MOTOES.... 5 Paramount Pictures 11 Pennsylvania R.R... Phillips Petroleum.. 401 304 104"
5
11
133
104 404 30
101
Radio Corpn. of Am Republic"Steel ..
74
77
+
18
181
Reynold Töbac. "B" - 433
431
Schenley....
177
171
The market opened 1/2 of a cent lower for all deliveries as com- pared with Monday's closing quotations."
After the opening the market ruled quiet in sympathy with con- ditions prevailing in New York. Despite fair enquiries for "spot" Rubber, 'dealers and speculators were reluctant to enter inte new 'en- gagements due to the domestic political situation in the United Kingdom. After a moderate volume of business having been trans- acted on the basis of quoted rates, prices temporarily declined by further 3/8 cent on lack of support by dealers who, however, were not ... selling to any larger extent.
Later in the session the market recovered this setback, closing with a quiet, but steady undertone.
With the removal of war fears and with the advent of a better European political situation f is generally felt that Rubber should show a fair measure of improvement before long, more especially só, as reports from USA, indicate a continuance of steady dealer and factory buying.
Malayan Domestic" Rubber Exports during September are estimat- ed at 20,500 tons as against 29,000 tons in August and 28,000 tons in July.
LONDON RUBBER
Previous close Today's close buyers
sellers buyers sellers
ין
:.
"..
497
Schenley, 5% pfd...
704'
701*
SPOT
Sears Roebuck .....
731
734
11
Shell Union Ol
15)
- 151
JAN.-MARCH
APRIL-JUNE
8-3/16 8-1/4" 3-5/16 *-3/8 8-3/8'
8-7/18 3-3/8
8-3/16 8-5/16.8-3/8 5-1/2
Change
8-1/4 unch.
Bocony-Vacuum Oll. 14
143
392
Southern Pacific
172
"172
Southern Rly $5.pid.
19
19
Prices hardened on Continental trade enquiry, but reacted on disappointing New York advices.
Standard Brands ....
7
7
Stand Gas & Elec.
31
3)
NEW YORK COTTON
Standard Oil of NJ
54
544
Stone & Webster
101
10
Swift Internationa. 274
27
23
Technicolai
213
22
45
44)
Texas Corpa........
Texas Gulf Sulphur
37
371
20th Cent. Fox.
267.
251
Union
do. $li pf. .............
Carbide Carpen............
36
35+
842
831
Union Pacific
901
01
50 *
United Aircraft
281
283
United Corpn.
United
United Airlines Trans
Corpn. $3 cum. pf. .....its nam
91
92
21 ....23
32,
31
United Gas Corpn. 31
31
Un. Gas Iprovem't 10
10
Trading on the Cotton Exchange to-day was on the light side Hquidation. Subsequently. and prices were lower on hedging and
values rallied owing to some Commission House and Trade buying and inquiry trom Liverpool. The rally, however, was short-lived, as there was further hedging on the advance.
NEW YORK RUBBER
There was a good factory demand
and prices advanced steady London cables. Later, values further advanced on covering by dealers and the market closed near the highs for the day.
CHICAGO WHEAT
Foreign advices were unfavourable and the local market declined
in sympathy. Export demand was poor and reports from" Argentine indicated comparatively favourable conditions.
U.S. Rubber pf.....
473
48
U.S. Steel
891
90
U.8. Rubbc.
591
59%
Vanadium
191
19
Warner Bros. Pict.....
01
01
די
Westinghouse Mec. 1053
1087
N. Y. Commodity Market
Woodward Iron Cor. 194
191
Chase National Ek 323* National City Bank
328*
261*
281*.
Call Money
1%
1%
1 ex. div.
• bid.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 3. L. Levy & Company)
New York, Oct. 4 (Tuesday)
Prev. Today's
High Low
Close Close Change
New York Cotton - Dec. New York Rubber
8.21
8.12
8.19
Dec.
18.89
18.58
Chicago Wheat
-- Dec.
831
641 7627
-Dec.
461 451
454 ᎭᏎᎵᏘ .
Dec....
591
573
591
8.13 06 off"
16.82 1881 19 up-
630
11 off
· 581 11 off
90 cia
Parts
Geneva
Berlin
Athens
Milan
Labon
Stockholm
Shanghai New York
Amsterdam
EXCHANGETM
YESTERDAY'S
OFFICIAL QUOTATIONS.
The market continued quiet and featureless,
BUYERS
Union Waterboats, $9,
Peak Trams (Old), 561.
Star Ferries, $77.
Bandakan Lights, $9.80.
(British Wireless Service)
Det. 1
Oct. 3
178-25/37
21.21
178-31/32 21.021
12.001
7.931
5471
911
921
Union Ins., $515.
110
110
19.39
19411
HK Hotels, $7.
814
FLK. Lands, $38).
4.32
4.791
H.K. Teams, $17.
8.49
8.81
Vienna....
Prague in
140
Helsingfors
2252
Bucharest
660
Hong Kong
1/3"
Bombay ........
1/5-15/16
Montreal
4.851
4.83
Prussels...
28.571
28.30
Yokohama
1/2
Belgrade
210
Buenos Aires
18.971
18.99
Monte Video
.20
192
2-15/16
22.40
19-1/16
101
*194
299
34% 99
34% 101
Rio de Janeiro
-Copenhagen
Oslo
Silver (Forward)
Silver (Spot) --
War Loan
ON LONDON
Closing Quotations
October 6, 1938.
Telegraphic Transfor....... Bank Bills, on demand Dredits, 4 months' night
Ox RHANGHAI 200
On demand
UN SINGAPORN 2---
On demand
* JAPAN:-
Un New Yor:~
Bank Bills, on demand 291
Credita, 50 days': mighà- 201
ON BATAVIA 2m -
On demand..
143
ÜS PARIS:-
170 nom.
Us, Saigon: 2
.53-8/18
On demand * 108
14-
Telegraphic Transfer.
Swi
Book Bills, on demand 1,100 Credits, 4 months' sight: 1,186,
110
2 On demand Öy Manila:-*
On demand
ON BANGKOK-
On demand
Sovereign. Notes
1027
Bank Buying Hate..
HITWAN DEP DE
1499
1/8-1/16 199
Telephones (New), $9. H.K. Ropes, $4.85. Dairy Farms, $254. Wm. Powells. Bücts.
SELLERS
Providents (Old), $7.15. Providents (New), $690. Dairy Farms, $26.
.. SALES
Hongkong Banká, $1485. HK Lands, $383.........''. H.K. Trams, $17.10.. Electrics, $594. '
Sandakan Lights, $10.
Watsons, $8.30.
Govt. 34% Loan, DAL,
(Prices below in Phil. Currency)
Artamoks Pa., 34 Atoks, 35mm
Baguio Gold,"244 Benguet Conso), 11.60 Coco Groves, 42
I. X. L 82
Paracales Gumaus,
San Mauriciő, 73. Sugoc Consol,184 United Paracales, 30
CLEARING
AGREEMENT
Rome, Oct., supplementary commercial clearing agreement between Italy and Japan and Manchukuo was signed here yesterday-Reuter
SHAREPUSHING SWINDLE HEAD IMPRISONED
“BAND OF COMMERCIAL BRIGANDS”
Spiro Gets Eight Years
. '..
- “You were the head of a society of men who were nothing else than a band of commercial brigands, and in that capacity you were preying on the community,” So the Recorder, Mr. Gerald Dod son, told Stanley Grove. Spiro, City financier, whom he sentenced at the Old Bailey recently to eight years' penal servitude.
"One thing, at all events, can be said about you. You are not wanting in courage, and that may enable you to achieve what it is hoped you may achieve when you have explated the crimes to which You have pleaded guilty."
Spiro, who is forty-five, was ar a perfectly reputable business of rested at Barnes on a warrant .18- outside stockbrokers.
"The fraud began when that
Chicago Corn Winnipeg Wheat
March
May July Spot
NEW YORK COTTON
Close Opening Closing
Change
October December January
2.15/16
8.11/11
B.13 N
03 off
8.19/19
8.18/14
8,19/13
(1939)
B.18/18
8.12/12
8.11. N
NT OF
8.37/17
8.11/11
8.10/12
07 off
8.11/11
8.05/05
8.05/05
.06. off
8.09/10
8.04/04
8.04/04.
8.30 N
8.35 N
05 up
NEW YORK RUBBER
December March May..
Sales for the day:
16.62/07--- 16.73/74 76.66/67 16.76/78 16.70/74 16.756/150
-2,320 tons
16,81/82
18.84/88
15.87/91
CHICAGO WHEAT
J
641/643
5317631
641/031
842/647
6447841
637/697
631/639 63/63
吕旨目
ོའུ་ཤྩ་སྐྱ
Monday's -Bales
7,369,000 bushels
CHICAGO CORN
469/467 461/461 400/494 501/501
WINNIPEG WHEAT
451/454
491/49
481/48 4017
388
592/60
598/504 621/631
591/591 581/585 501/59 581/581
6127619-
of
NEW YORK STRAITS TIN
43 60%
43.10b/70% -13,60 N°
sued in February, 1937, and was charged "that between October, concern was taken over. An office, December
May;... 1934, and February, 1937, he con- was taken in London. spired to defraud such persons as "They had the old clients, to July... might be induced to part with whom they woud write" and, in shares or money to Maclean and addition, started a publication cir- Henderson, stockbrokers, of New cularling the people who had no Broad-street, EC. dan wadan former connections."
There were sixteen counts in the indictment. He pleaded guilty to ning counts and not guilty to the
other seven
Mr. G. 8, McClure, prosecut- ing, said: "I put him forward na the bead of the whole of this
which went on for practically
the whole of 1815 and 1936, 1
Mr. McClure dealt with a charge December
relating to the purchase of shares May by aman in East Angila, whose July name he asked should not be made public.
This man, he said, was visited.
by Spiro, who was so persuasive October that within an hour the man had "December promised to forward to Spiro se- May curities worth more than £17,000
A document was afterwards
Spiro, while to acting, topt his found in the offices relating to
name in the background – The this man. It said, “Wealthy man. December
method adopted was to ethold Nice to speak to, Puts whisky NY Biver, omelal
of a well-established old business bottle on table. Likes to talk a NY-L'don Cross Ráté... 470-1/4" in Scotland which had carried on
(Continued on Page 13)
32-3/44%
4.79-7/8