STOCKS
Adams Express ....... Alleghany Steel Co. Allis Chalmers ................. 633
68 Amerada Corps. Amer. Can............... 1044 Amer. For, Power 41 Amer. & For. $7 pt.22 Amer. Locomotive ... Amer. Metals ......... Amer. Radiator... Amer. Roling Mill ... Amer. Smelting Amer, Bugar Ring.. 283 Amer. Tel & Tel.: 147.. Amer. Tobacco "B" 891 Amer. Waterworks... 111 331 Anaconda Copper .. Atchison, T. & S. Fe. Auburn Motors ..... Baltimore & Ohio ... Barber & Co.
Barnsdall Onl
Bethlehem Steel... Boeing Airplane Co. 261 Borg-Warner
Briggs M'facturing - Brooklyn-Manhattan
·Trans. ...................... Brooklyn-Manhattan
Canadian Pacific .... Case. J.I.
Chesapeake & Ohio 347 Chrysler Corpn. ...... Columbia Gos &
Columbia 6% "A" pf, 76
Commercial Credit.. 54
Commonwealth & 8.
Commonwealth & 8.
$18.70
6% cum pr.........
181
Consolidated Ealion 30
63;
Consolidated Of
$771
$241
Da.
(new)$ ..
$10,60
China Lights (old)......
China Lights (new)....!
$2.34 $10.90 $104
$59
H.K. Electrics
$59
$17M Electrică ...............
$10
Sandakan Laghia ......................
Telephones (did)..................
#251
The market was easier in the afternoon, opening with a buying rate of 1/2 29/32. Some business was reported at 1/2 7/8 Cash. The market closed with sellers at 1/2 27/32 October /December. buyers at 1/2 7/8 for any dell- very.
Continental Can
Continental ou
PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
2 !!!
Spa
Sharebrokers' Association
Dugoro)) Ballara
Sales NomiNA)
FRIDAY,
Bayers
Seller
OCT. 14.
$1,450!
H.K. Beaks
74
Do. (Col. Reg:)....
283
Do. (Lon. Reg.)................
$1,400 *295 £83
201
239
Chartered Banks ....... Mercantile ka. “A”!
£01
£13
$83
$2
3220
$10
1900
168) Douglasos .............
$88
$20
itaambonistamaa
$10
Indo-Chinas (Prač.)......
$00
124
| Indo-Chinas (Del.).
124
86/104 Shells
88/101
19
{*} cla
:
100 WEIGHTY
£13) Marouatlla Bike. "C"
Bank of East Asia ....
N. C. & S. Banka......
Canton InsurEDOGS..
Union Insurance ***. Underwriters
$930. Fir
Shipping
1515
$2
$128
stan
(Waterbosta
17/0 Kailans
Mining
19,70 Raubs ..................
$3
$6.80 **
Venereals Gold Fida Hong Kong Mine......
Docks, Wharves,
Godowns; ube.
H.K. & K. Wharves........ Providents (old)....................
18.30 Providente (new).................. 319 H.K. & W. Docka.... $19 Da.
$126 Shanghai Docks 8. .... $3.00 New Engineerings 8.
Lands, Hotels, and Building
$8.90 H.K. Hotels. I.K. Lande........S.
$107) Do. 4% Dektatures Shanghai Lands 8.
$5.80 FLK, Realtion $9.60 | Humphreys .............. 109
Chisms Estates ------
Cotton Mill
Ewos (6.) .....................
$38.
$7.00
17.70)
JA
S'hai Cotton (8.)
$24
Zoong Sings (B.) .......
$43
Public Utilities.
$16.70
Wing On Textiles (8.)
Tramways.. Peak Trama (old)...... Fonk Trama (new).... Star Ferries...
124Y'mati Ferries C.R
!!!
$9
17/6 $3.30 $3
***
$1251
38.70
$19
181 $.20
$31
$6.90
$39 36
$1083
86,90
2171 $90
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
The price for Ready Silver was ur.changed yesterday at 19. 3/4 but the Forward rate rose 1/16 to 19. 5/8. Silver advices reported the mar- ket as being steady. There was a little American Trade purchases. At the closing time the märket remained steady with small buyers at the quoted rate, but sellers were disinclined to bid. American Bliver was quoted at 42 3/4" for Spot.
The London /New York · cross- rate was quoted at 473. 25. New York London was quoted at 473. -1/8.
MARKET
Erratic. Indications pointed to easiness during the early part of the morning but later the market steadied up slightly.
STERLING
There were sellers at the open- ing at 1/2 7/32, buyers asking for 1/2 7/8, leading to business at 1/2 27/32 for cash and forward. Subsequently business WAN also arranged at 1/2-7/8. The market closed at 1 p.m. 'with sellers at 1/2 7/8 October January and 1/2 27/32 February March, buyers at 1/ 29/32 Cash January and 1/2 7/8 February.
U.S. DOLLARS Business was done during the course of the morning at 29 1/4 for near. Later offers" at 29 3/16 were also accepted. Towards the close business was arranged at 29. 38 cash and 29 5/10. for Decem- ber. The market closed at. 1 p.m. with sellers at 20 5/16 October, possibly November, buyers at 29 3/8 Cash November and 29 5/16 December.
SHANGHAI DOLLARS 188 Nominal.
SHANGHAI MARKET Sterling Sd. US.Ș, 15. 23732.
THE AFTERNOON
"FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Rautor's Services)
QUOTATIONS
Oct. 14, 1939.
High Low Dow Jones Average Oct 11. High Low Close Change
149.74 $8.95 SO Industriala.
*$2,77 19.00 20 Haila
1268 15.14 90 Utilities 9270 83.39
40 Bonda
149.41
91.50 99.60
102 83-160.05 163.48 3.05 up 31.74 30.84 $1.80 1.06 up 22.80 21.93 22,57 77 up 99.94 .35 up 48.30 11 up Business Dono:-2,363,000 shares.
38.00 43.03 11 Commodity Index 48.19
$8 eum. pf...av
J
SATURDAY, OCTOBER 15, 1938.
ازا
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
29
29-1/2
... 29-3/4
Oct. 12 buyers sellers 29-1/4 29-3/4 30
Oct. 13 buyers, sellers
28-7/8 29-1/B 29-3/8 29-5/5 of 1/8 29-5/8 29-7/8 от 1/8
Change
of 1/8
The market opened with prices unchanged for all deliveries as compared with Wednesday's closing quotations,
Early in the morning the market ruled very quiet and dull due to the fact that the Rubber Exchange in New York was closed on Wednesday. Apart from some enquiries for "spot" Rubber there was very little interest displayed by dealers and speculators who preferred to awalt further developments before entering into fresh commit- ments.
"
Subsequently, however, the market encountered eaalness on re- ports received from London that Estates were treely offering part" of their 1939 production in London which, it is believed, might put the market on a lower level temporarily. Rather heavy speculative Jiquidation was responsible for a price-decline of 1/4 cent for all de- liveries. But even the lower price-level failed to attract buying to any larger extent.
After business having beer transacted as low as 29 cents for January-March positions and at correspondingly higher rates for more distant options, the market closed with a quiet undertone.
LONDON RUBBER
A
...
2.
Last Sale
STOCKS
Last Sale
Oct. 11-13
Oct. 1113
1:1
13)
121 19 544
Great Western Sugar
291
302
Greyhound
Corpn 181
201
Recker Products
81
81
WOK
67 :
Int. Nickel
54
$51
1051
Int. Tel. & TEL
103
107
#
Kennecott Copper ...
471
501
224
Libbey- Owens-Ford
22 391
241
Glass
552
571
42
Lockheed Aircraft.....
181
17
171
19
Loew's Inc.
531
551
SPOT
181
191
Martin, Glen L
241
253
JAN.-MARCH
521
-503
McKesson & Rob-
APRIL-JUNE
261
bins, $3 pt.
331
342
1471 90
Monsanto Chemical 991
1001
Montgomery Ward 513
541
12
Nat, Dairy Products 14
15
404.
Nat Distillers .........
26
381
401
Nat Power & Light
73
2511 71
33
31
Nat Supply Corpa. 17.
171
• 8
81
New York Central...
191
201
21
221
N. America Aviation
30
101
16
162
North America" Co. ng
231
1621
851
Northern Pacific
12
121
27
Pacific Gas & Elec
27
281
337
353
Pacific Lighting
41
411
35
301
Packard Motors
43
.5
Paramount Pictures 113
12
101
101
Pennsylvania R.R.
211
221
Phillips Petroleum.
381
371
301
311
Public Service of NJĄ
314
317
8
64
Pure O
93
91
$6
972
Radio Corpn. of Am.
71
8
36
Republic Steel
191
20
781
828
Reynold Tobac. "B" .433
433
73
8
Schenley
194
20
804
Schenley, 54% pld...
72:
711;
"To-day's close Previous close buyers sellers "buyers
sellers
Change
55
Sears Roebuck
783
79/
SPOT w
18
14"
Shell Union Oll
143
15
JAN.-MARCH...
Socony-Vacuum Oil
13.
13
42
443
Southern Pacific
19
201
8-3/8 8-1/2 8-7/18 8-172-
B-5/8 8-9/16 8-11/16 -. 8-9/16 APRIL-JUNE ... ......" 8-5/8 8-11/13 8-11/16 0-3/4
up 1/16 unch.
up 1/16
301
Southern Rly $5 pfd.
24
261
Market quiet but steady.
a3
B
Standard Brands
73"
73
442
461
Stand Gas & Elec.
41
44
27
273
Standard Oil of NJ.
53 511
Corn. Products
704
703
Stone & Webster"
114
Curtiss Wright (C)
51
53
Swilt International 28
53 29
Curtis Wright “A' 24%
251
Technicolor
223
231
Distillers Carpa. Sea-"
Texas Corpn........
411
421
grams
167
173
Texas Gulf Bulphur
341
341
R
Douglas Aircraft
511
52X
20th Cent. FOX.
263
283
Taleplumes (new)................
251. Traction
32/-
Du Pont
20/3
Tractions (pret.)
Eagle Picher Lead
Industrials
314
Cald., Macg. (Ord:) 8.
14.
Cald., Macg. (Prof.) S.
$5 pt......
$1.70 Canton Loea
un
Elec. Bond & Share
396.
[ 12.20 | Cemanta
$4.65 Ropes
霜日
Dairy Farms
[Ch. E'tainments.
$17.20
$6 pi.......
MiscellaneoÉE-
י
Elec. Power & Light
16/0
3/
HE, Gort, 31% Loans
7. HE Wing On
S'hai Wing On
$6.5 Vibro Piling ...........................
Marumans Iur. (Lon.)
Marxmana Tor. (H.K)
Wm Powalls
"Bales to Shanghai
LONDON EXCHANGE RATES
(British Wireless Service)
$253
$8
Constructions (uild).........
$1,
Constructions (now)........}
Lane Crawford.......................
$31
Nanyang Tobacco.....
2
SincerestADENO
Ch.G.5%1925G.Bds.
724*
·$4.91 721%
H.X. Gort, 4% Loss
D
$106
101
$4?{"
*$6.40
90 ot.
$7 pí..
Flintkot
Gen. America Trens
Gen. Electric .........
Gen. MotorS
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pr.
Oct. 12.
178-27/23
20,921
11.85
Oet." 13
Paris.
1787
Geneva
20.91
Berith
11.82
Athens
547
Milan
901
DO
Lisbon
1:01
Stockholm
19.414
Shanghai
Bid
8d.
New York
4.742
4.734
Amsterdam
8.743
8.69€
Vienna
Hongkong Banks, 31400.
138
China Lights (Old), $10.40.
2201
SALES
Bucharest
660
Hong Kong
1/3
Hongkong Banks, $1400.
Bombay
1/5-15/16
Hotels, $64.
Montreal
4.79
4.78
28.071
28.00
1/2
210
18.971
18.98
Monte Video
191
Rio de Janeiro
3.
Copenhagen
22.40
19-9/18
191
198 31 100%
198
:
Prague
Helsingfors
Frussels....dan
Yokohama...
Belgrade...
Buenos Aires
Oslo...
Silver (Forward),,
"Saver (Spot)......
War--Loan
ON LONDON --
Closing Quotations
October 14, 1133.
Telegraphic Transfor... 11/3........ Bank Bills, on demand. 12/10 Credits, 4 months sight: 1/31/16
ON NEW YORK:-
31% 1001
Bank Bills, on demand · 24-3/18 At Credita, 60 days' night 2911/10 ON BATAVIA 1U
On demands.
ON PARIS on demand 1,004
Bank Billa, Credits, 4 months' sig
On demand render, 178 nom, SAIGON
UN SINGAPORE:-
Un demand
On demand AAAAA.. 105],
Transter. Telegraphic Sauk, 20 damans
On demand
1,186
*. On demand ........ 589
ON BANGKOK:
On demand....
150
SAVE/eign Kotes
Banf Buying, Rate..........
(R
Visa* Der MIA
"U.S. DOLLARS Sellers at 29 3/16 October /No- vember, buyers at 29 5/16 Cash,
H. K. STOCK EXCHANGE
3.15 p.m. Friday, 14th October 1938, The market during the week was overshadowed by the South China invasion, when prices generally de- clined, with sellers predominating. Prices seem to have found a level to some extent and at the close. buyers were in evidence, with sellers being somewhat reserved.
BUSINESS. DONE DURING THE WEEK
Hongkong Banks, $1465 $1400. Providents (New), $6.80 $8.80. Hotels, $7.05 $8‡.. Landis, $38.
Tramways. $17.10 $17.05, $16.70 $18).
China Lights (Old), "$10.80 $10§. Electrics, $59 $59) $581 $59 $58. Maramans (London). 18/3. Shangha Lands, Sh. $7.80. Ewo Cottons, Sh. $17.70. CHANGES (3.15 pm)-CLOSING QUOTATIONS
TUYERS
China Lights (Old), $10.20. Electrics, $58
SELLERS
Trams, $161. China. Lights (Old), $10). Electrics, 358,
WHEAT LOAN TO CHINA
Washington, Oct. 14 Considerations is being given to a wheat loan to China, in- dicated Mr. Henry Morgenthau at a press conference last night.
The Secretary to the Treasury added that they were not consi- dering lowering of the domestic price sliver at present.
"T'll have to wait until midnight on December 31, and think about it he said Router:
REICHSMARK QUOTATIONS. Barili, Oct. 14 The Reichsmark was quoted without guaranteé át:
Paris, 1514.
Amsterdam, 73.70 to 73.80. London, 1182.
Paris Sterling, .178.70 to 178.80. Pärls UB. Dollar, 3774 to 37.76,
"UBA20#UBLL—
TRAINING TO Philippine
MAKE WAR WEAPONS
America To Spend £2,000,000
President Roosevelt has approved plans of the War Department for spending £400,000 on orders to private manufacturers with the object of training them in produc- ing war weapons.
Over #
five
Mining News
MACAWIWILI GOLD Mining
and Development Co., Inc., expects
Chicago Wheat Chicago Corn Winnipeg Wheat
to start running its mill on the 20th of this month as the comple- October tion of the mill is progressing | December
January rapidly.
The mill has a daily capacity of March 120 tons of ore and is a straight May cyanidation type of the Vander July construction Spot cook system. The which has been in progress for the past several months is under the period of
the company £2,000,000 will be spent in this administration of
December manner, and it is hoped that the" itself.
The property of Macawiwili Gold March ... way will thus be paved for swift and efficient production of muni- Mining is located in the district of May tions in the event of an emergency. Itogon, and has been under de-September
Attention will be immediately concentrated on the manufacture of a secret semi-automatic rifle to
years
velopment for the past two years.
Ore reserves as of December last were valued at more than P3,000, 1000.
which the army attaches great Officers and directors of the December importance; fecoil mechanism for
company are: Felicisimo. Feria. May a 3in. anti-aircraft gun, and gas president: Gabriel La O, vice-pre- July
masks.
Mr. Louis Johnson, Assistant Secretary for Waf, explains that the object in view is not to achieve immediate mass production of these and other war supplies, but to lay the foundations for such produc- - Lion.
aldent; Gregorio M. Bilog, Gonzale Puyat, Felix Feria, Eusebio Morales, Juan H Acayan, directors!!
AMADO N. VICENTE, general manager. of San Roque Mining December
Philippines Asbestos May *Company,
Mining Company, and Union July Chromite Mining Company, an- nounced recently that development work on the asbestos properties in Zambales has been temporarily October suspended in view of the rainy sea- December
May
.
Another step designed to increase the efficiency of the United States Cefences was disclosed recently when it was announced that the son. general Readquarters of the Army Work on the mines is concen- Air Force would be transferred trated on the preparation of ship from Langley Field, Virginin, near ments of asbestos in order to fill the Atlantic Coast, to Scottsfield, the pending control of the corpora- December
['tion."
He also reported that the con- struction of a road from the mines to Zambales port is now being studied by the board of directors. Decen
ore to Manila
The new headquarters will be the geographical cen country, where it will be immor from attack and within pa hour", flying "distance"
tegic points.
March
NEW YORK MIDES: (New Contracts)
13.05 N
13.41/42
NEW YORK STRAITS TIN
44.95: N
:4.73-7/16-
NE-I/don Cross Rate:
1813/12- 13.50/82
45.10 traded 45.40, traded
242-3/48
4.73-1/8
352
354
1441
148
do. $1.pr.
12]
141"
Union
Carbide
Elec. Bond & Share A Elec. Boud & Share
.. 91
Carton
871
883
1)
Union PaciAc
95
981
563
564"
United Aircraft ....
301
31
United Airlines Trans
101
101
60
60
United Corp." .........
31
31
United Corpn. 33
40
417
cum. pf.
34"
343
272
29
United Gas Corpn.
32
31
543
55
Un. Gas T'provem't 10
103
NEW YORK COTTON
Prices early declined on foreign selling and liquidation, but later partially rallied on higher Liverpool advices, covering by shorts and the firmness of stocks. Later, there was renewed liquidation and realising, particularly of distant positions. This, however, was par- tially off-set by Wall Street. foreign and speculative buying and prices Anally closed very steady.
NEW YORK RUBBER
J
Prices opened higher on better advices from the foreign markets. atter which there was a period of irregularity until the market finally eased on profit-taking and on selling by arbitrageurs due to the easiness of the Sterling exchange.
11
CHICAGO WHEAT
The strength of toreign demand resulted in a moderate up- turn to-day, while further rumours of a wheat loan to China and foreign and commission-house demand were also supporting factors.
447
47
US. Rubber
521
58
483
511
US. Rubber $8 bid... 984
1011
Gen. Railway Signal 23
23
U.S. Steel
03
652
"241
251
Vanadium
201
221
24/
253
Warner Bros. Pict... 63
7
59
01
Westinghouse
Elec. 117
1214
Goodyear Tire & Co. 301 Great Northern Iron
Ore
32
Woodward Iron Cor. 207
21
',
13.4*
134
Chase National Bk 324** National City Bank 25
331* 251*
Great Northern Rly. 231
+248
Call Money
1% 1%
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. L. Levy & Company).
1 ex. div.
old
New York, October 12 (Wednesday)
New York Cotton - Dec.. New York Rubber
Dec.
Prev. To-day's High Low Close Close Change
8.20 8.33
8.28 8.28 17.25 17.00 17.18 17.01
unch..
,17 off
Dec.
051
644 647 651
# up
- Dec. Dec.
447 41ł.
441 441
unch
801 591
591 601
up
NEW YORK COTTON
Close
Opening Closing
Change
8.25/26
8.21/22
8.28/28
8.28/29
8.28/28
8.28/29
02 up unch
(1939)
8,22/22
8.21/22
8.20/20
.02 otr
( (..)
8.20/21
8.20/21
8.19/20
.01 off
8 11/11
B. 11/12
8.09/00
.02 off
(
... 8.06/06
8.07/07
8.03/03
.03 ott
8.55 N
2.55 N
unch.
NEW YORK RUBBER
17.18/19
17.20/22
17.25/22 17.24/19
17.01/01
.17 of
17.04/05
.18 of
17.19/25 ... 17.25 N
17.23/21
17.07/08
.12 off
+
17.11b/13a .14 off
Bales for the day-
3,270 tons.
Tuesday's Sales:-
CHICAGO WHEAT ·
843/649. 651/642 651/851 051/851 661/601 841/641 **
8,799,000 bushels.
CHICAGO CORN
051/651
音
up
651/65)
442/444
447/441
441/441
unch.
48/481
481/48
48/477
unch.
491/491
401/491
WINNIPEG WHEAT
... 601/601
601/601 608/001
.....597/502 63+/639
-597/507
60/60
631/631