#215
+
$516
9
140
11:30
$610
$500
$68
$20
$20
$80
$60
124
66/3
Sheila
124
$8/2
Waterboste rapeoria)
¥ ! ZIFI
PAGE 12-HONGKONG DAILY PRESSTM
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers" Association
„Beproef] Ballers
THURSDAY,
Balne
Manisal
Dayers | Balloon
Home Worden
OCT. 13.
| 81,480
£381 210
+
H.E. Bɛska_
Do. (Col. Reg.) .................
De. (Ind. Beg.
Chartered Banka
819 Mercantile Bks. “A” 8134 Montis, Bla “CH
Bank of East. Acis .......
K.^0. & 8. Banks .......
Insuranoas
Canton InstraZORS.............
Union InsurnOCOR 0000: Underwriters -
$900 H... Fire in
Shipping
Dengland meanin
Stamboats ..........................................
Indo-Chinas (Prof.)..........
Indo-Chinas (Del.)..
#11!!!!!!!!
* QUE LIVE!
$1,400
£BS+
2013
£13
На
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices were unchanged yesterday, the quotations remain- ing at 19. 5/8 for Ready and 19. 1/2 for Forward. Silver advices India and American Trade as having bought to a small extent. Offerings were small. The market was steady. The American mar- ket was closed yesterday.
The London /New York cross- rate was quoted at 474. 50.
MARKET
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Renters Servicn)
QUOTATIONS
High "Law Dow Jones. Averages 149.75 98.95 29 Industrisin
$2.77 19.00 30 Bair 3255--16.14 -30 Üšlines 91.70 33.39 40 Bonda 58.00 403 11 Commodity Index
Det 12, 1938,
FRIDAY, OCTOBER -14, 1938.
PAYNE &
& CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
Do 10.
High Low Close à Chang
148,35
150.40 148.21, 148.41
.14 off
30.43
30.91 30.03 "30,44 .08' off
31.70","LUT
11.30
*
89.87 48.35 Business Dons:-1,530,000 shares.
10 up.
89.38
31 of
48.19
.18 off
STOCKS
Last Sale Oct. 10.11
STOCKS
Last Bale
Oct, 10 11
The market was fairly active. The tone was on the easy side | Alleghany Steel Co. Allis Chalmets ******** all morning. Sellers were
Amerada Corpa, much in evidence,
Adams Express .................
12) 131
Great Western Sugar 29,
291
18}
18+
Greyhound
Corp. 181
181
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.}"
not
53
531
Hecker. Products
87
BI
691
68
Int. Nickel
54
54
SINGAPORE RUBBER
17/6 Kailans
17/0
1
$3,30
・
Vecazuela Gold Fids.
$3
74 eta Hong Kong Min
******!
$0.90
Dooks, Wharren, Godawns, eds.
$126 H.L. & X. Wharven...
Providenta (old)...........
19.85 Providenta (new)-erman $194 H.K. & W. Dook........... #19 Do. (0)
1126 Shanghai Dooks 8. ........ 13.90, New Engineerings B.
Lands, Hotels, and Buildings
"
STERLING There were selling indications at 1/3 which, however, was hot obtained. Business was done at 1/2 31/32 1/2 15/16 for near delivery and 1/2 29/32 forward. Towards lunch time there were sellers at 1/2 29/32 October /No- | Amer. Bugar Ring..... 201 1471 vember and 1/2 7/8 December | Amer. Tel. ♬ Tal, /January buyers at 1/1 15/16 Amer. Tobacco "g" 891 Cash and 1/2 29/32 for forward Amer. Waterworka... 11 delivery:
Amer. Cancer
103)
1041
Int. Tel. & Tel.
112
103
Oct...11
Amer. & For. Power Amer. & For. $7 pt. 22 Amer. Locomotive... 231 amer. Metals ...................... Amer. Radiator
41
41
Kennacott Copper ...
471
471.
Oct. 13
22
Libbey-Owens- Ford
buyers
sellers buyers sellers
Change
22
01259
573
561
SPOT.....
29-1/4
39 18
391
Lockheed Aircraft ---
151
184
JAN.-MARCH ...
29-7/8
171
Loew's Inc.
533
531
APRIL-JUNE...
30-1/8
Amer, Rolling Mill..... 19% Amer. Smelting
181
Martin, Glen L. .......
241
241
637
521
McKesson & Rob,
263
bins. $3 pí.
331
331
147
Monsanto Chemical 991
991
891
Montgomery Ward. 511
517
111
Nat. Dairy Products 141
14
$6.85 $0.65
12
$10
$181
$.90 $33
U.S. DOLLARS Qucted at the opening at 29 1/2 buyers bidding 29 5/8. Some business was reported at 29 7/16 for October and November.
Anaconda Copper. Atchison, T. & 8. Ft. Auburn Motors ......
381
38
Nat. Distillers.......
261
26
391
38+
Nat. Power & Light 71
73
4
34
Nat. Supply Corpa. 172
17
"
Baltimore & Ohio ...
82
9
New York Central... 201 101
29-1/4 29-1/3 29-3/4 of 3/8 29-3/4" 30
The market opened 1/4 of a cent lower for all deliveries as com- pared with Tuesday's closing quotations.
During the morning session the market ruled dull and featureless. Demand for "actuals" was moderate" whilst dealers and speculators displayed no interest to operate,
In the afternoon the market became easier on some liquidation, which, coming on a narrow market, caused a gradual price-decline of 1/4 cent for all deliveries.
Closing tone was slightly easier.
29-1/2
29
of 1/4
30-1/8
30-3/8
of 3/8
Barber & Co.
217
21-
N. America Aviation 10
ና
10-
Barnsdali Ofi
1611
16
North America Co. 221
23
LONDON RUBBER
At
Bethlehem Steel
624
621
Northern Paciic
123
121
H.. Hotala
$0.90
H.K. Landa .........8.
188.30
$107) De, 4% Dah~asures
$105
1 p.m. there were sellers at 29 3/8 October November, buyers at 29 1/2 Cash, and 29 7/16 October /November,
Boeing Airplane Co. 261
35 Borg-Warner ma Briggs Mfacturing 35*35
261
Pacific Gas & Elec
277a
271
331
Pacific Lighting
403
41
Packard Motors.
5
42
$7.60 Shanghai Landa 5.
$5.80
$5,80 H.K. Basilios:
89.80 Humphreya ................ 198
Chinme Estates ...........
Cotton Mill
#171
$1870 Ewos (8.) Sommaren.
$36
B'hai Cottons (8.) ............
$90
Dollars 15 7/8 Norn.
$24
$84
Zoơng Sings (8.).........
$12
Wing On Tertilim (15.)
$49
SHANGHAI DOLLARS. 186 Nominal
SHANGHAI MARKET
Sterling 8d Nominal.
THE AFTERNOON
Brooklyn-Manhattan
TTADE. ...**** Brooklyn Manhattan sa cum pf. comme Canadian Pacific ... Case. Josua Chesapeake & Ohio. 25) Chrysler Corpn.
Paramount Pictures 117
114
11
10
Pennsylvania R.R..in
217
22-1
SPOT... JAN.-MARCH APRIL-JUNE
8-11/18 8-9/16
8-11/16 8-3/4
Previous close To-day's close buyers sellers buyers sellers 8-1/2 8-9/18
8-1/2 8-3/8 8-9/16
8-5/8 8-11/16
Change
8-5/8-
of-1/8 unch. of 1/16
Phillips Petroleum. 38
361
311
301
Public Service of N.J.. 312
314
WINNIPEG WHEAT
61
'6+
Pure Oil
91
9+
95 1
96
Radio Corpn." of Am.
8
71
CLOSE
OPENING
CLOSING
341
Republic Steel
191
191
TOŁ
18t
Reynold Tobac. "B" 44
433
October December
83 - 60
Public Utilities
$17
$17.10
11:
Tramways...
The market continued easy in the afternoon.
Columbia Gas & El. Columbia 6% - “A” pf.
71
Schenley
191
191
May
60 3/4-7/8 60 1/8-1/4
59 1/2-1/2 60 1/4-3/8 59 3/4-7/8 83 ·83
63 1/4-3/8
CHANGE 0-1/8 up
0-1/4 up
0-1/4 up
75
76
Schenley, 51% pid... "73
12
$77
¡Y'mati
DG.
|$691/9}
Peak Trama (old)......
Fosk Trams (DeW}-------
Star Farristat
Farrion C.R.
$11.1~ China Lights (old)..............
H.K. Electrica Pa
(new)
+
$10.90
#10) China Lights (2##)...........)
62:34
$101
359
$171 Macao Electrics
"
Bandakan Laghta
Telephones (old)...
$0
Telephones (new},
$9
26/
Tractions Vows announces
28/
Tractions (prat.) amantas
Indwirtals
$14
Cald.. Macg. (Ord.).
$13
Cald., Macg. (Fr.) B.
$3.70 Canton loea
817,20 Cemanis ..............
$1.80 $17.20
185 3/4
$4.65 Ropes uku
Miscellaneous
$38
Dairy FarmaN
$254
Ch. R'iainmenta.
$1
Constructions (öld)...........
Constructions (new)....
$18
Lane Crawfords.......
$8)
Nanyang Tobmoon'
戳
$2
$8.10
172.
Ch.0.6% 1995G.$84.
$3.59
6pm
Gors, 4% Logas
721%
$106
| H.K. Gert: 83 % Loans
42
47
H.A. Wig On
S'hai-Wing On ... ****
86.85 Vibro Piling
$101
471
$8.40
16/3
Maraziano Inv. (Lon.}
3/4
Maramam Inv. (H.K.)
STERLING
Some bustriess was transacted at 1/2 29/32 for October and also for Cash. The market closed with sellers at 1/2 7/8 October January. buyers at 1/2 29/32 Cash.
U.S. DOLLARSTM Some business was done at 29 3/8 for cash. The market closed with sellers at 295/18 October buyers at 29 3/8 for cash.
SHANGHAI DOLLARS
SHANGHAI MARKET Sterling Bd. nominal. Dollars 15. 3/4 nominal
H. K. STOCK
རྗ་
EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
Commercial Credit: 54} Commonwealth & 8. Commonwealth & 8.
6% cum pt. ....... Consolidated Edison 294 Consolidated on Continental Can Continental Onl
54
Sears Roebuck
781
December
High
Low 80-3/8
50-3/4
11
1.
Shell Union Of
15
141
Socony-Vacuum of
131 13
41
42
Southern Pacific
191
191
30
Southern Rly $5 pid.
241
24
83.
82
Standard Brands
8:
N. Y. Commodity Market
45
441
Stand Gas & Elec.
41
44
441
23
27
Corn. Products ...... Curtiss Wight (C.) 51 Cartis Wright "A" 241 Dutillers Corp. Sea-
704
701
Stone & Webster: 111"
Standard Ou of N.J.- 513°
511
114
51
Bwift International 28
284
2411
Technicolor
23
223
Texas Corpn.
411
414
STREA
17 .51. Douglas Aircraft ..." Du Pont
161
Texas Gulf Sulphur 34
341
New York, October 11 (Tuesday)
511
20th Cent. Fox.
37
261
351
35
1433
144
do. $1, pf.
New York Cotton
Dec.
By Courtesy of Mesars, Swan, Culbertson & Fritz and S. L. Levy & Company)
Prev. To-day's High Low Close Close Change 8.39 8.285.29
8.28 .01.
Eagle Picher Load 122
121
Union
Carbide
&
New York Rubber
Dec.
Elec. Bond & Share Elec. Bond & Share
В
01
Carbon
874
87
Chicago Wheat
Dec.
641
17.25 17.18 17:29 17,18 11 of
647 84
641
Union Pacific
.981
95
U.S.
$51."
551
561
United Aircraft ...
301
301
Chicago Corn Winnipeg Wheat
Dec............ 548,
60 Dec..........
44E 591
46
448
afr
591A 591
unch.
#
Elec. Bond & Share
United Airlines Trans 101
101
$84
60
se pr......
United Corpo. ........ 31
31
NEW YORK COTTON
I
Elec. Power & Light
United Corpn. 53
$7 pí......
391
40
cum. pi.
34
34
Flintrote
23
271
United Gas Corpn.
32
31
October
Close 8.24 N
Opening
8.25 N
Closing 8.28/28
. Changs
.02 up
Gen. America Trans
524,
543
Un, Gas Tprovem't 101
101
December
8.20/30
8.30/31, 212, 8.28/29
01 of
Gen. Flectric
441
553
U.S. Rubber
527
521
January
(1939) ...
8.24/24
8.27/27
8.22/22
:02 01
Gen. Motor ..
491
481
(U.S. Rubber $8 pfá... 981
98+
March
(...
8.21/21
8.24/25
8.20/21
.01 of
Gen. Rallway Signal
234
23
U.S. Steel
63
83
May
8.11/11
8.15/15
8.11/11
Glidden Co.
1215
244
Vanadium ......
2017-201
July
8.08/09
8.12/12
8.06/06
unch:: 20 off
Goodrich (B.F)})}
24
-244-
-Warner Bros. Pict...
-01-
Spot
8.50 N--
3,55 N.
Goodrich' pt.
591
59.
Goodyear Tire & Co.
301
301
***
***
90 eta
WAL. Powells momen
190.cta.
*Bales to Shanghai
Market was unchanged.
BUYERS
Great Northern Iron
Westinghouse Elec. 115 Woodward Bron Cor. 204 Chase National Bk. 331*
117
201
NEW YORK RUBBER
3241
Ore
134
131
National City Bank 251*
25
December
17.29/29 17.20/22
17.18/19 -
.11 of
Great Northern R17. 231 +
233
Call Money
1%
1%
March
17.30/30
LONDON EXCHANGE RATES
Parts
Geneva
Hong Kong
Bombay
Montreal
{British Wireless Service)
Oct. 11
178-59/54
20.95
11:88
Oct. 12, 178-27/23 20.921 11.85
Athens
5471
Milan
901
903
Lisbone)
1101
Stockholm
19.41
"Shanghai
81.
New York
4.70
4.743
Amsterdam.
8.764
·8.74
Vienna ............
}
Prague...
138
Atoks, 33
Helsingfors
2261
Bucharest
660
1/3
1/5-15/16
4.80
28.13"
4.79 28.071
Yokohama
1/2
Belgrade:
210
Buenos Aire
18.03
18.97)
Monte Video
197
2-31/32 22.40
3.
101
101
31% 1014
19-0/16 191 31% 100)
Berlin
Prussela
Rio de Janeiro
Copenhagen
Oslo'
Silver (Forward)
Silver (Spot)
War Loan
LONDON:-
Closing Quotations
October: 13, 1938.
Telegraphic Transfer... }1/98 -
Bank Billa on demand Credits, 4 months, night • 1/8).
ON SHANGHAI
On demand
OT SINGAPORE Simu
‚“On demand”
JAPAN
·On demand
·Tenta
alógraphic “Transfer..
475 nom.
1061
13/18
Ús New YoKEL-
Bank Bills, on demand 291 Credits, 80 days' night: 20% ON BATAVIA:
On-demand
ON PARIS
Bank Bills, on demand. 1,100 Oredite, 4 months' night 1,185 UN SALDÖNTHAN) -
On demand
ON MANILA:
On demand
ON BANGKOKTA
On demand.....
Sovereign Notes
"Ban) Buying" Rate...........
110
59
149)
1/3-1/6 197
Peak Trams "(Old), $62. Union Waterboats, $9. Sandakan Lights, $10. Govt. 34 per cent Loan, par.
SELLERS
Hongkong Banks, $1455, Hotels, $6.90.
· Lands, $38.
SALES
Electrics, $594/59.
Marsmans (Lon.), 16/3: (Prices below in Phil Currency)
Antamoks Pa., .36
Benguet Consol., 11.80
Coco Groves, 434
Consol. Mines.. 00.35
Paracale Gumaus .12 San Mauricio, .78 Suyeo..Consol, 18). United Paracales, 36.
BERMUDA'S RECORD TOURIST TRAFFIC
The growing importance of Ber muda as one of the leading tourist centres of the Colonial Epure is shown in the annual report on the lalands for 1937.
SILVER MADE STAINLESS
Triumph Of Three Scientists
Silverware which will not tarnish Is made possible. through a discovery by Dr. G.. J. Thomas and -Dr. L. E. Price, Cambridge metallurgists, with the advice of Dr. U. R. Evans, also of Cambridge.
They have found a means of covering the Allver with a alm hard but invisible.
This is the secret of stainless steel, where the film consists of a compound of the metallic con- stituents and the oxygen of the air.
SHANGHAI
INDUSTRY
DESTROYED
As China's chief industrial centre, Shanghai used to produce half of China's industrial pro- December ... ducts. Before
the outbreak of May *.. hostilities in Shanghai last year, July over 5,200 Chinese factories were concentrated in the area.
a
Of this number 22 were woollen fabric factories, with total October
textile December capital of $1,980,000, 31 factories, 112 silk factories, 83 May haberdashery manufacturing plants. 103 machinery plants, 6 dyeing factories.. 14 paper fac tories, 8 leather factories, 31 glass. factories and 6 match factories.
December March
NEW YORK HIDES (New Contracts)
13.03/Da 12.92b/991 13.05 N 13.30/38 13.27/32 13.41/42
44.80b/45.20 4495 N,
42-3/4 4.75-7/16
During the Shanghai hostili-
NEW YORK STRAITS TIN- The new alloy Includes 1 per ties, 35 per cent of the factories
45.20 N cent. aluminium. When it is treated in Chapel and 20 per cent. of December
those in the southern area of NY-Silver, Official 42-3/4 in an atmosphere of hydrogen,
They NY-L'don Cross Rate... 4.75-13/16 containing a small amount of "Pootung were demolished. water vapour, the alloy is covered constituted about 70 per cent.
of the entire number in Shang-- with an oxide of alumini
According to ap estimate
WOLFRAM MINING
CONTROL
KWANGTUNG'S NEW
BUDGET
Increase in the tourist trafne in the last few years is reflected in a general expansion of trade and The researches have been pro-hal. finance. There was, however, a ceeding for three years in the "decline during the year under re-laboratory of Prof. R, S, Hutton. made at the end of last year. view in certain aspects of agri- Assistance has also been given by about 2000 factories in Shanghal culture.
during the Goldsmiths' Company, the were demolished
the Private mining of wolfram and Mr. Tseng Yang-fu, Mayor of The estimated population In- clerk of which, Mr. Walter T.. | hostilities, incurring a loss of manganese, ore, which are to be Canton and concurrently head of creased in 1937 to 30.051, against Prideaux, said that definite pro- | over $5,000,000. A more the census total for 1931 of 27,789 gresa had been made, SA and the 1921 Agure of 20.127. The number of visitors was 83,092, the highest ever recorded.
Imports, domestic exports and re-exports were valued at £2002, 887, compared with £2,027,388 in 1930 and £1,516,044 mm 1933. Total shipping entered and cleared dur ing the year was 6,227,383 tons.
recent found-in abundance in Chung-the- Provincial
Department
念 Investigation shows
Further research will be noces more than $8,000,000.
wary; to aæcertain the wear-resist ing properties of the alloy, and also to decide whether what 14 has
of
loss of shan District, is to be regulated Finance, has decided to appoint
in future by order of the Natural a special committee to investi. Resources Committee of the gate budget requirements for
1039, saya a Canton report. Military Affairs Commission,
The budget will be drawn up been found possible to do in the both members of the Institute of
Those engaging in the work so as to allow of maximum a laboratory can be made economi- Metals and in October, they will are required to register with the penditure on defence, needs, and cally possible in the silversmith's read paper on their researches | Committee, which will exert filli provision will be made for workahop.
ing, which is every effort to combat illegal ex-militia training and the citizens Dr. Thomas and Dr. Price are to be held in the United States ** | port. of the minerals,
defence programme)
† ez div.
• bld
May September
17.36/36
17,25/28 17.30/27
17.20/22-
.10 of
17.19/25
.17 0
17.42 N
17.25 N
.17 of
Sales for the day :--
3.180 tons
CHICAGO WHEAT
December
May July
64/841 644/641 654/651 651/651 644/044
041/04
€5+/65*
841/641
Monday's Sales:---
7,297,000 bushels
CHICAGO COEN.
45/45+
481/481
45/45% 444/441 481/48) 48/481
492/492
491/400
off
WINNIPEG WHEAT
59) B 59 A 03/63)
591/591 591/591
80/00
· 501/591 63/63
up unch.
unch.