***
$1.485 Lal
£89 BE.
STOCKS
830
£l
$88
The London New York cross- rate was quoted at 480 37. New
Adam's Express ..............
$2
York London was quoted at 480. Alleghany Steel Co. 177"
15/16.
Allis Chalmers... 51
9215
что
MARKET...
3518
Canton InsurANCOS.................. Union Insura000.....
Amerada Corps...
PAGE 12 HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Bellera
Exchange
Salon()
$1,400
2:90
Sharebrokers' Association
THURSDAY. OCT. 6.
Dayers Ballers
- Banka
H.K. Bila menent Do. (Cal. Reg.)...! Da. (Con. Reg.)----
2101 Chartered Baska
Mercantile Bka, “A”
£19 Moromatin Bku. “C**
Bank of East Asia ... N. C. & B. Banks.... ......Insurances
6:56
#forming
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices were lower yester- day to the extent of 1/16 for Ready and 1/8 for Forward. Silver ad- vices reported India and Specula- tors as having bought. There was a little general selling but support was poor. The market was steady, American Silver was quoted at 42 3/4 for Spot.
FINANCE
NEW
1938
YORK STOCK EXCHANGE
(Through Reuter's Service)
QUOTATIONS
High Low Dow Jones Averagos 145.67-98.05 30 Industriais
39.77 19.00 20. Bail 1200 15,16 30 93.70 83.39 42 Bonds
Utilitie
Oot,
144323
27.63
10,09 88.67
38.00 45.03 11 Commodity Index 47.2"
Oct 4, 1938, AGE Higu Low Close Chang 14881 144.58 148.83, 4,09 öp 29.61 37.90 29.49 1.89 up .85 up 30.76 20.15 30.24
89.51 .84 up
Great Western Sugar 271
FRIDAY, OCTOBER 7, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.).
SINGAPORE RUBBER
48.09 88 up Business Done:—9,940,000 shares.
Last Sale
5 Oct. 4 113 111
STOCKS
Last Sale
Octi
4
$
28
171
Greyhound
Corpn. 181
18
521
Hecker Products
8
મા
69)
70+
Int. Nickel
32 501
$510
Idle.
Amer. Can
991102
Int. Tel, & Tak me
11+
! Undarwriters va dimen
Amer. & For. Power
4
41"
Kennecolt Copper ...
431
454
3200 ML Fires. `-----
$300
STERLING
Shipping
1884
Douglases
$68)
There were sellers at 1/9 October January and 1/2 31/32 FebruaryAmer. Locomotive ...
Amer. & For. $7 pf.
201
211
Libbey- Owens- Ford ́....
S POT...
201
211
31a.&5.nesnteei6
581
STA
JAN-MARCH
620
120
Steamboats...
180
Indo-Chinas (Prof.)....
280
124
Indo-Chinsa (Del.)............
$24
/March, buyers at. 1/3 1/32 Cash
January and 1/3 March.
Amer. Metals.....
351
383
Lockheed Aircraft ...
151
157
APR. JUNE
Oct. 4
buyers 28-1/8
... 28-5/6
... 28-7/8
sellers buyers sellers
up 1/4 -28-3/8. 28-5/8 28-3/8
up 1/8 28-7/8 28-3/4 29 29-1/8 29 29-1/4 up 1/8
Change
Amer. Radiator
161
177
Loew's Inc.
517
53
Amer. Rolling Mill
181
191
Martin, Glen L
"24"
241
Waterbosta
17/3
$3
I
$7.16
$6.90
$128
$6.80
Providents (new).......
$19
$19
H.K. & W. Docka....
Do. (w).
89/41 : Shelia net
Mining
Kailans......
$9.70 Rauba......
Venezuela Gold Flas
pets. Hoog Kong Mine.......
Books, WharTOS,
Godowas, cia.
·H.K. & K. Wharree... $198
· Provideata (old).........................
69/4
U.S. DOLLARS
$9
17/3
Sellers at 30 1/8 October No. Amer. Smelting vember and 30 1/16 January /February. buyers at 30 3/16 Cash /December and 30 1:8 January /February.
471,
50"
McKesson &
Rob-
Amer. Sugar R’ing . Amer. Tel & Tel.
221
231"
bins, $3 pf. godi
344
*35
1441
148)
Monsanto Chemical 98
1001
Amer. Tobacco "B" 873
893
Montgomery Ward... 481
· 50
ཝཎྞཾ
$1984 C.D.
37,06
$39
$107
!
$19
288
18'hai Cotton (8.) ..........
$24
$42
$17
$17.05
+77
$10
136
3128 Shanghai Docks 8. ........ 83.90 Now Buginsorings 8.
$6
Lands, Hotsis, and Buildings
H. Hotels.
HE-Lands..........
Do. 4% Datures
40 Shingha Lands 8.
H. Boalties ....................
$9.60 Humphreys ....................
198
Chinese Estate..... Cotton Mill
Ewos (8.)
Zoong Sings (8.) ....... Wing On Textiles (8.)'
Public Utilities
|Tramways ... KATRINAKAARE Peak Trams (old)...... Peak Trams (new)....... Star Ferries
Y'mati Ferries C.B.Ş
(new) Do. Chins Lights (old)......
10 China Lights (new)...... 9.K. Electric..........
$17Macao Electrica.....
Saadaken Lights Talephones (old)........ Talupones (new)......
Tractions......
$101 BLAR. 1120 331
$705.
52.10
1387
$105)
STERLING
BHANGHAI DOLLARS 180 3/4.
SHANGHAI MARKET Sterling opened with sellers at 8 17/54 for Spot and closed at & 9:32. U.S.Dollars opened with scl- lers at 16.0/16 for Spot and closed with sellers at 16. 19/32 for Spot.
THE AFTERNOON
Baltimore & Ohto ... Barber & Co. Barnsdall Ol Bethlehem Steel
The market continued dull in the Brooälyn-Manhattan afternoon.
The market closed with sellers
Amer. Waterworks .... Anaconda Copper ...
10 342
· 101
Nat. Dairy Products 131
141
381
Nat. Distillers, 25
25+
Atchison, T. & 9. F. Auburn Motors
35
39
Nat Power & Light
71
41
41
Nat Supply Corpn. 177
13...
71
New York Central...
170
191
211
221
N. America Aviation
9
.91
181
181
North America Co.
20
21
594
€2
Northern Pacific
111
124
Boeing Airplane Co. 241 Borg-Warner
251
Pacific Gas & Elec
267
- 211
347
351
Pacific Lighting
*391
394
Briggs Mfacturing. -34)
361
Packard Motors
5
51
Paramount Pictures 11
133
Trans.
93
10
Pennsylvania.R.R....
19)
203
Brooklyn Manhattan
Phillips Petroleum.. 404
421
tee:
36 cum. på..
YO
31
Public Service of NJ.
30
304
A
$5.80
at 1/3 October
January and 1/2
常
31/32 February
March, buyers. at
Canadian Pacific Case. JI.
64
61"
Pure Ou......".
101
101
93
961
Radio Corpn. of Arn. 7
TA
Total Shipments "Atoat
The market opened 1/8 of a cent higher for all deliveries as com- pared with Tuesday's closing quotations.
After the opening the market displayed a steady undertone, thus responding to steady conditions prevailing in London and New York. was Demand for "actuals" was fair, whilst also good buying interest in evidence for trade and speculative accounts.
Later in the morning the market turned firm due to further persistent general buying, prices advancing by 1/4 cent, but it was difficult to arrange business due to the reserved attitude of sellers.
During the afternoon, however.quieter conditions prevailed, the market losing 1/8 cent of its previous gain and closing with a quiet, but steady undertone.
It was announced that total imports of Rubber from outside B- tish Malaya during September amounted to 10,588 tons us against 13,- 735 tons for August and 18,713 tons for July 1938.
The following statistical Figures are contained in the monthly Statistical Bulletin of the International Rubber Regulation Commit-
Aug. 1938 July 1938
419,111 426,839 tons 101,000 105,000
Total World-Blocks of Crude Rubber
+1
រម៉
1/3 1/33 Cash March.
January and 1/3
#141
$191
$80
$44
$42
$17
الو
-$241
$11.20
$10.00 #50)
9251
$9
21/-
~ 28/J
Tractions (praf.)
Industriala
53114
$1.7Canton loes
34.85
H
al
#1
$13
$17.20 Camenta
Bopes ********
Miscellaneous
Dairy Fartha ....
Ch. Etiamants
...............$8.10
Constructions (old)......
Constructions (new).g Lane Crawfords.........
Nanyang Tobacco .....
Watsons
Caid., Hacg. (Prat.) 8.
Cald., Macg (Ord) B.
$1.00
$17.20
U.S. DOLLARS Sellers at 30 1/8 October /No- vember and 30 1/16 December January, buyers at 30 3/18 Cash! /November and 30 1/8 December /January.
SHANGHAI DOLLÄRS 181. 1/4.
Sterling closed with sellers at 8. 17/64 and US. Dollars
H. K. STOCK
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
Chesapeake & Ohio 313 Chrysler Corpn. ..... Columbia Gas & E Columbia 6% "A" pl. 70 Commercial Credit. 49 Commonwealth & S. Commonwealth & 8.
331
Republic Steel
181
19
Total World-Consumption
27,711
73,799
741 7
786
Reynold. Tobac. " 43
..431
.7*
Schenley
17
181
714
Schenley, 51% pfd.... 701*.
71
52
Sears Roebuck
731
75+
11
13
Shell Unton Qil
153
181
Socony-Vacuum Ou
14]
141
"
6% cum pf.
391
40
Southern Pacific
172
19+
S. POT.... my
1.
Consolidated Edison 271
29
Southern Riy $5 pid.
19
21}
JAN.-/MARCH
•
Consolidated 011
'87
91
Standard Brands
7
171
APRIL-JUNE :..
Continental Can
431
45
Stand Gas & Elec.
.31
4
at
16.
Continental Oil
302
313
Standard Oil of N.J.
544
55
Corn. Products ·......
68
701
Stone & Webster
10
11
+:
Curtis Wright (C)
51
·51
Swift International 27
274
Carties" Wright "A" 231
231
Technicolo
22
231
Distillers Corpû. Sea-
Texas Corpo.
441
452
161
161
Texas Gulf Sulphur
371
351
Douglas Aircraft ...
484
401
20th Cent. Fox.
202
27
Du Pont...
1381
144
do. 511 pf.
35 *
351
Eagle Picher Lead 107
111
Union
Carbide
&
Elec. Bond & Share
7
81
Carbon
831
4
Elec. Band & Share
Union Pacific
01
941.
$5 pt.
50 *
53
United Aircraft
"28)
281
341
Elec. Bond & Share
V
United Airlines Trans
971
11
The market remained in active.
$6 pr.
551
584
-United Corpn.
24
27
EUTERS
Elec. Power & Light
United Corpn. $3
$251
Union Ins., $515.
$7 pl.
37
381
cam. pf.
31
321
Sinceres
70"
30 Ch.0.5% 1925G. Bd.
$3.35
70%
HK. Govt. 1o% Loens
81 a
$106
H.K. Gart 31% Loans
$101
347
H.K. Wing On
147
S'hai Wing On
551
$6.9
Vibro Piling Amm
56.40
Marsmans Inv. (Lion,).
10/0
3/1
Maraxans inv. (H.K.)
190 - Wa. Powell
*Sales to Shanghai..
90 cta.
LONDON EXCHANGE
(British Wireless Service)
"Union. Waterboats," $8,
Hongkong Hotels, $7.05. Hongkong Trams, $17.
Peak Trams (Old), $6. Star Ferries, $77. China Lights (Old), $11.10. Telephones (New), $9. Hongkong Ropes, $4.65.
SELLERS Providents (Old), $7.15. Providents (New), $5.99.
SALES Hongkong Banks. $1465.. Hongkong Steamboats,
20.15.
Flintkote CHO
262
287
United Chas Corpn.
32
42
Chen. America" Trans
497
50
Un. Gas I'provem't
10
10
Gen. 'Electric
423
442
U.S. Rubber
48
501
Gen. MotorS ........
489
50
U.S. Rubber $8 pid... 90
947
Gen Railway Signal 21
22$
U.S. Steel..
*97
611
Glidden CD.
241
244
Vanadium
19"
201
Goodrich (T.) ........ 231
25
Warner Bros. Pict....
01
LONDON RUBBER
Previous close Today's close
sellers buyera" buyers
sellers
Change
8-3/16 3-1/4 8-5/26 8-3/8 up 1/8
8-1/2 8-5/18
up 1/8 2-3/8
8-9/16 up 1/8
3-3/8 8-7/16 8-1/2 8-1/2
Market Arm and active on continued continental Trade inquiry and better New York advices.
NEW YORK COTTON
་
The market to-day was fairly active and prices advanced on Trade and local buying, together with the strength of Wall Street and covering by shorts. Offerings on the whole were scarce and there was little opposition to the advance.
NEW YORK RUBBER
Trade, foreign and commission-house demand caused an early ad- vance and prices soared to new "highs" for the year, following better reports from the foreign markets and the extreme lightness of primary offerings. There is evidence of factory buying" at the cur- ̈rent levels and sellers are still very reserved..
CHICAGO WHEAT
After an early quiet period, prices advanced on aggressive Eastern buying, the strength of stocks and indications that the market is in an over-sold condition. Higher temperatures are reported from the South-Western sections and there has been a considerable removal of "hedges" against sales to the Government.
Goodrich $5 pf. Goodyear Tire & Co. 284 Great Northern Iron.
131 Ота Great Northern. Aly. 201
58
59
Westinghouse
Elec. 1067
112
30
Woodward Tron Cor. 194
194
Chase National EK 321*
331*
13 221
National City Bank 2017 Call Money
281*
1%
1%
# ex. div.
• bid.
$192/
RATES
Oct. 3
Hongkong Wharves, $128.
Hongkong Lands $384.
Paris
Geneva
Berlin
Lisbon.....
Stockholm Shanghai
New York
178-31/32
Hongkong Trama, $17.
China Lights (Old), 311.20. Electrica. $59.
Sandakan Lights, $10.
(Prices below in Phil. Currency)
Antamoks, Pa., 34
Ataks, 35
Benguet Consol, 11.50
San Mauricio, .74
Suyoc Consol, 18
United Paracales. .35
Oct. 1
178-25/37
21.21
21.021
12.001
7.934
Athens
547
911
92A
“Milan ---..
110
1101
19.391
Baguio Gold, 24
19.41
540
I. X. L, 32
4.32
4.791
8.89
8.81
Amsterdam
Vienna
140
Prague
Helsingfors r
2261
Bucharest
660
Hong Kong
1/3
Bombay
1/5-15/18
Montreal
4.851
4.83
28.571
28.301
1/2
210
18.97)
20
18.991 191
2-15/16 22.40
19-1/16 19-
31% 09
194
201
Prungeļa
Yokohama
Belgrade
Suenos Aires
Monte Video
Rio de Janeiro-
Copenhagen
*30lver (Forward)
Suver (80) War Loan
Bank Bills, PA
OK SHANGHAT:
On demand
UN BING
On demand
TOM JAPANE
Closing Quotations
October 6, 1938.
170 nom.
US New Yokup --
34% 101
Bank Bilis, on demand 29 18/16 Credits, 80 days' miaka 30-8/la ÓN BATAVIA:-
On demand ............... 84-7/16 OM PARIS:-
Bank Billa, on demand 1,100 Credits, 4 months' sighi 1,185
31
- RODITS FO
On Becapd
38-3/18 ON MANILA
On demand
OR BANGEOF
.110
On demand
1061
*On derdand
1498.
Sovereign Notes.
Talographic Tradster..
Bank Buying. Bate.......
Sat 10
1021
Der Meer DEE, O van
1/8-1/16 19-9/18
SINGAPORE STOCK QUOTATIONS
FLARE PATH
FOR EMPIRE
FLYING-BOATS
Pre-Dawn Start From Southampton Base
JAPAN BLEEDING
TO. DEATH
As a result of the querilla
tactics of the Chinese, the
Japanese army is bleeding to death in China. Japan has no prospect whatever of winning this war.
As proof of this, there is men- tioned the arinihilation of two whole Japadese divisions by gue- atra Aghters.
hist before dawn--broke |Southampton on September 24 two Imperial Airways flying-boats, the Canopus and the Corinthian, took from Southampton Water, the former for Singapore and the lat ter for Durban.
Thus Singapore, Sept: 30.
began, pre-dawn flying The following quotations of 12 from Southampton on Empire ser- leading Singapore stocks have been vices, and it is likely that the sys- received by Messra. Ellis & Edgar tem will be developed. from Messrs. J. M. Bassoon & Co., Singapore:
MIDDLE PRICE Rubber Shares Amalgamated Malay Estates. Ltd.,
$1.50
Kempas, Limited, $1,821 x.d." Kuala Sidim Rubber Co. Ltd.
$2.371
Pajam. Laited, $1.70.
Bungel Bagan Rubber Estates, Ltd..
$1.431.
Tapah Rubber Estates, Limited,
$1.87ix.d:
Tin Shäres
Petaling Tin, Limited, $7.80. |Bungel Luas Tin Dredging, Ltd.,
Industrials Straits Trading Co., Ltd.. $28.50 xd United Engineers, Ltd. (Ordinary).
$8,50. Wearne Brothers, Ltd.,, $14.60.
Gold Raub Australian Gold Mining Co.,
Ltd., $5.00 x.d.
Note The above, quotations are in Straits Dollars.
Flare buoys were laid in Bouth- The system of ampton Water, flares enables the aircraft to rise from the water during darkness.
A line of six flares mounted on buoys-and-pointing into the wind marks an area of clear water mid- way across the estuary from, which the flying-boats take off.",
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and -S. L. Levy & Company)
New York October 5 (Wednesday)
New York Cotton New York Rubber Chicago Wheat Chicago Corn Winnipeg Wheat
One division dwindled down from October .... 20,000 to 5,000 in the course of two December months, without having fought a January
A second division March single battle. which came to China in January, May was' reduced by Easter to 15,000
July men.
When the banks of the Yellow River broke 12,000 men perished. Or the original 20,000 men only 500 remained.
41
December
The Japanese army now controls March only a narrow strip of about ten May, infles wide along the railways. September (Montreal Times).
8,05/05
•
Prev. Today's High Low Close Close Charge 8.25 8.17 8.13 8.24 11 up 17.15
17.05 18.92 16.81 64-1/4 82-5/8 63-1/4 84-1/8 7/8 up -3/4 UD 59-3/8 57-1/4 58-1/4 59-1/8 7/8 up
24 up
-
Dec.
Dec.
Dec.
Dec.
46-1/8 41-5/8 45-1/4 46
Dec.
NEW YORK COTTON
Close
Opening
Closing
Change
8.13 N
8.18.B
8,22 N
.09. up
8.13/13
8.20/20
8.24/24
.11 up
(1939)
... 8.11 N
8.18/18
8.30/20
.09 up
(")
... 8.10/13
8.17/18
8.21/21
11 up
8.11/11
8.14/15
.09 · up
(")
Spot"........
... 8.04/04
8.35 Nom.
8.10/11
8.12/13
.08 op
8.40 Nom.
105 up
NEW YORK RUBBER
16.81/82
16.84/86 16.87/91
Bales for the day
16:92/94 36.96/17.05 17.05/08
4.980 tons.
17.05/09 17.10/13 17.13/18 37.22 N
24 up
28 up
j
damag
Tuesday's Sales:-
037/032 63/63
CHICAGO WHEAT
63/621 931/831
1045/647 847/65 841/641
07/8 up
1-1/8 up
11,503,000
CHICAGO CORN
451/451
46/451
0-3/4 00
461/48
473/471
"487/48
0-3/4 up
408/407
501/501
0-7/8.up
WINNIPEG WHEAT:-
October
581/681
581/571
591/591
5a1/681
573/573
591/581
6-7 aup 0-7/8 up
811/611
62/621
0-7/8 up
43.60 1 -42-3/40
NEW FORK STRAITS TIN
43.356/85%
May
IN WIRELESS TOUCH December
The following is a list of ships. July The flares consist of two bulbs expected to be in wireless com- placed on top of a slender mast pro-imunication with Hong Kong Radio are anchored, and the floats con- Jecting from each float. The buoys tain 12-volt batteries for feeding the 18-watt amber-coloured bulbs.
NO CONFUSION
Station:-
Hindustan, Talma; Yunnan. War- bharata, Beistan, Tainan, Chak December Bang. Empress of Canada, Sagres May July and Chingon.
~The buoys will then be hauled Re into faunches and taken away untli they are hoeded again for the next Inkamas and take ones were adat
631/631
This colour is not likely to be confused with the navigation lights tion until the possibility of the air- fof shipping in Bouthampton Watercraft returning has passed. *
The mates are 300 yards apart, thus giving a care path of 1000 yards.
At both ends of the line of hares Bad about 100 yards from the end buoys a motor-launch will be sta The nare path can be quickly December toned. After every take-oute placed if bosition, and later on NY, SOM
NY-LOT. Cross Rate: 4.79-7/8′′ launches and cares remain in post-may be used for night landings.
43.90 Nom $42-3/4/20 4.80-15/16