PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE Hong Kong Stock Exchange
QUOTATIONS
Sharebrokers' Association
Do. (Col. Reg.)................[
£171 Mercantile Bka "A"
Meresatiis Bka. "C"? |
Buy th Beberr Helen Nonizi
WEDNESDAY;:
liepers
Bellary Baina Honzi2610
OCT. 26.
Manka
$1,380
$1,300
H.L. Banka
$1,390
$1,390
282
Do. (Lon. Beg.).............]
1
201
Chartered Banks
£13
£38 £13
184
Bast of Ea Ario ...
Ba
N. C. & 8. Banks..........
#2
Insurances
#295 Canton Insurance...-----
STRO
$600
$500
Union InsuTSINGON
$600
Underwritan keman
1200
H.E. Fires......
1300
Skipsins
360
Douglases
$66
919
Steamboats ..
$20
มบ
Indo-Chines (Prat.)....
$30 $24
124
88/3
Stalls
36/3
19
44
17/9
$9.20
|Indo-Chinaj (Del.).
Waterboats
17/9 Kailan
39.70 Baube
Mining
$122
Vanessels Gold Fids.
7 obs Hong Kong Mine.....
Godowns, ate.
$3,85
H.K. & W. Dooks....
Dc. (LOW)..
Shanghai Dooks 8....
$890 New Engineerings H.
Lands, Hotels, and.
Buildings
H.B. Hotels
H.K. Lands.........9.
$16.80 17
Docks, WharTOR,
H.K. & E. Whartes... Providsais (old)....................... $6,05 Provideota (new)..................
8122
33.40
$1.20
18
$18
SIBL $12
$30 +31
$8,90
137
#73
$107) Do. 4% Debserve Shanghai Lands 8. 'H.K. Bealtime
j
zon
$5+
17
198
$9.30
Cotten. Miks
મ
}Bwos (9.) .........
196
18'hai Cottons (8.)...........
124
Zoong Sings (8.) .......
Wing On Textiles (B.)
$30 | Humphreya nomin
Chinese Batala...
Public
ullies
Tramways... SEMARKET
Pork Trams (old)......
!!
FINANCE
SUEZ CANAL CONVENTION PROVISION
Waterway Should Always Be Open To All Ships
CONDITION TWICE BROKEN
When Mussolial stipulated in the Anglo-Italian Agreement for free access to the Suez Canal for Italian ships, he was merely asking for something that had been conseded in clear and unmistakeable Language 50 years ago. As far back as 1888, European statesmen, allve to the political dangers lurking behind an international waterway directed and controlled from a single state, forestalled, any attempt obtain, perhaps by secret on the part of one or two powers to means, control of this great artery to the Far East and use it for their own ends.
German
ships
passing To frustrate this, Great Britain, verted Germany, Austria, Italy, Spain, through the Canal in the Great France, The Netherlands, Russia War, and previously in 1898 when and Turkey, signed in Constan- the passage of Spanish warships tinople in October of, that year the was prohibited during the war be Suez Canal Convention. whereby tween Spain and the United States. Contrary to popular belief, con- the Canal "should always be tree and open. in time of peace and introl of the Suez Canal is not vested ume of war to every vessel, ofin any particular nation. It is only
without by chance that Great Britain hap
ny
War.
of Commerce
Dns to be the largest individual distinction of fag.”
Nothing could be clearer than shareholder but she has not a
the majority holding. that. Notwithstanding this
The directing company of the agreement has twice been broken. once when the Allied forces pre-Canal, the "Companie Universelle
200
idu Ganal. de Suez," has [its headquarters in Parls and
is registered in Calra. board of directors, sixteen of whom are French, one Dutch, one Egyp Agriculturetian, and ten British, is sufficiently
the international in of
Its.
CATERPILLARS IN RICE FIELDS
According to the Experimental. Station Kwangs! Provincial Government safeguard the interests of all par-
character to
I.L.O. MEETS IN LONDON
Labour Minister's Appreciation
London. Oct. 28
Interna- A meeting of the tional Labour Office, attended by delegates from 20 nations, opened in London yesterday
The delegates were received by the King at Buckingham Palace in the morning.
THURSDAY, OCTOBER 27, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
Welcoming the members of the meeting, Mr. Ernest Brown, Minis-JAN-MARCH governing body at the Inaugural 5 POT. ter of Labour. stressed the fact APRIL-JUNE 1,. that the LLO. is leading millions
(FROM PAYNE & CO.)
SINGAPORE RUBBER
Oct. 25
sellers buyers sellers
Oct 24
buyers
28-3/4
99
-29-1/4
29-1/2
29-1/2
Ohange
off 1/4
28-1/2 38-3/4 29-1/8 293/8 of 1/8 29-3/4 29-3/8 29-5/8 off 1/8
The market opened 1/4 of a cent lower for all deliveries as com-
of people steadily forward to impared with Monday's closing quotations. proved standards of living.
יו
The Norwegian delegate, Mr. chairman Paul Berg, was elected of the governing body.-Reuter.
PUPPET DECREE HITS GERMAN BUSINESS
for- wool
Pelping. Oct. 26. German business Interests in North China are seriously. affected by a decree of the "Provisional pro-Japanese government" in Peiping
of bidding the export and hemp. rice felds in many districts in ties. Three of the British directors,
During the arst half of 1938. the province. Including Sanklang including Land Cadman, chairman Germany received 58 per cent. of all
from infested by of the Anglo-Persian Oil Company, wool exported
there, and and Junghsien, are
measures and Lord Cromer of Baring Bro-German Arms caterpillars. Preventive
in Tientsin are have now been adopted by the thers, are direct nominees of the holding 400 tons, worth
British Government: government.
in warehouses, hoping to be able to export the commodity. German The
Chamber ot Commerce in Tientsin is endea- vouring to prevall upon the "Gov- ernment" to change the decree. Transocean.
(Through Renter's Service)
$18,10.
390 $24
$42
NEW
YORK
STOCK
$16,95
EXCHANGE
#3).
Funk Troms [uwW).
$76
Bar Forrios ...........................
-170-
EXA 322)
Y'mati Farrian C.B.8
1231
D
Chios Lights (old).
(new)$
Bi
8101
tine Lights (new).
$10
H.K. Electrica
JH
$581
$171 $10
scad Electrics...
***
$10.35
$50 $58)
$2400
$10.80
#24)
Sandakan Lights
Telephones (old).
$8,70 Telephones (Dew)................
'z5j- · [Tractions,
mesente
6/3 Tractions (pref.)
$14
014
Industrial
Cald, Macg (Ord ) 8.
Cald. Mang. (Pent.) 8.
11.70 Canton loca
J18.40] ComSELLA
$4.06 Ropes ------
Bit
Miscellaneous
Dairy
Farms
Ch. K'tainments kee Constructions (old)... Constructiona (now). Lane Crawfords. Nanyang Tabacoor.....
Sincere Wstaona
Ch.G.5% 19250.§Bda H.K. Gort. 1% Losna
::
* nu fuquule
paz
*70%
::
|:
$7.70
7.56/80
6%.p=
$6,5 Vibro Piling....... 15,0
· Matamans Inv. (H.E.)
*Bales to Shanghai
LONDON EXCHANGE RATES
ماه نو
Wa. Forella
1938
QUOTATIONS
High Low Dow Jones Average 15413 98.96 30 Industrials
33.77 19.00.90 Baile
·3483 14.14.20 Utilition
Oct, 24
15417
31.73
94.90
89.38
Oct. 28, 1938. High Low Close 186.92 153 48 164.17 33.32 31.72 9200 AL72 943 24.61 90.0% 49.10
15
Change
as up. .37 p
Jommodity Index 48.88
Business Dono:—1,400,000-shares.
اد
Greyhound
Responding to quiet conditions prevailing in London and New York the market ruled very dull after the opening.
Demand for "spot" Rubber was only moderate, whilst dealers and speculators preferred to remain on side-lines, awaiting further de- velopments/
Later in the session prices registered a slight decline of 1/8 cent for all deliveries due to some speculative selling on a thin market, but the lower price-level failed to attract any buying interest, the market continuing featureless until the end of the session.
Advices from US.A. indicate that manufacturers have bought quite a considerable quantity of Crude Rubber at the lower price- levels ruling during the recent political crisis in Europe, which partly accounts for their disinclination of making further purchases at the present higher values. Also the uncertainties, surrounding the fixa- tion of the permissible export-quota for the first quarter 1939 by the LR.R.C. at their approaching meeting on November 15, are exercising a deterrent influence upon speculative activity, more especially so as It is felt. that somewhat lower markets may be seen before the re- sumption of the upward trend.
LONDON RUBRER
Previous close
£50,000
buyers
SPOT,... JAN.-MARCH APRIL-JUNE
8-3/8
... 8-1/2
*........ 8-9/18
8-9/10 8-5/8
To-day's close
sellers sellers buyers
Change
8-7/18 8-3/8 8-7/16 unch. 8-1/2 8-9/16 unch. 8-9/16 8-5/8 unch.
Market quiet but steady:
NEW YORK COTTON
The market was early inactive and irregular, with widening dli-
U.S. INVENTORIESferences between new-crop positions. Hedge-selling was again light
REDUCED
The value of inventories in the .91 up hands of American manufacturers, O up wholesalers, and retailers was re- 12 up duced by $1,250,000,000, or 5.8 per cent, during the first six months of 1938, according to estimates issued early this month by Dun & Brad- street, Inc.
Much of the decline, however, was due to the 42 per cent drop in wholesale prices during the six- month period, so that the reduc tion in physical volume of inven- tories was small,
The Dun & Bradstreet figures show a much less spectacular re-
and, with contracts comparatively scarce, near months responded to Trade and New Orleans buying. while October was relatively heavy owing to a falling-off in demand from Bombay.
"NEW YORK RUBBER
Y
Prices opened lower on lower advices from abroad and the market thereafter was without any special trend in the early part of the session. Later, prices steadied in sympany with the steadiness on the London market and on support which was accredited to factories for inventory purposes together with some mixed dealer and commission- house trading.
CHICAGO WHEAT
Prices early drifted down on further beneficial rains in Australia, the heaviness of foreign markets, the slow demand for cash grain and liberal Canadian offerings.. Later, there was a recovery on lack of re- Hef in the Fall drought in the South-West, removal of hedges against duction that other estimates pub-sales by Government agencies and the up-turn on Wall Street. lished recently, which place, the decline in manufacturers' stocks during the six months variously at 17 and 21 per cent. This is because other estimates are based on data from a small number of large cor- porations, while the Dun & Brad-
N. Y. Commodity Market
(By Courtesy of Messrs. Swan. Culbertson & Fritz and SL Levy & Company)
98.70 63.39" 40 59.00 45.03 11
Bonds
STOCKS
Last Sale
STOCKS
Oct. 24 25
Et eo
$18.40
Adams Express ...................
121
121
Corpn.
· 191
Last Sale Oct. 24 25
194
$4.40
Alleghany Steel Co.
201
211
Hecker Products
9
87
Allis Chalmers
531
531
LDL. Nickel
56+ 561
$242
Amerada Corps. ...
€9+
60+
Int. Tel & Tel
104
$4:10
Amer. Can
103
104
Kennecott Copper
493,
101 491.
Amer. & For. Power
11
42
Libbey-Owens- Ford
Amer. & For. $7 pf.
217
211
Glass
56
562
sat
Amer. Locomotive ....
261
Lockheed Aircraft
191
207
Amer. Metals....... 444
449
Loew's Inc.
591
591
$7.85"
70%
Amer. Radiator ...... Amer. Rolling Mill...
18.
181
Martin, Glen L.
313
→ 32
201 201
McKesson &
Rob-
$100
H.K. Gort % Louis
Amer. Smelting ......
561
551
bins, $3 pt.
354
36
3100
HK. Wing On
Amer. Sugar Ring... 287
294
Monsanto Chemical 1042
105
5471
S'hai Wag On.........
351
Amer. Tel & Tel.
149
149
Montgomery Ward 524
522
$6.40
Amer. Tobacco "B" 918
901
Marumans Inv. (L00.)
Amer. Waterworks.
141
142
Nat Dairy Products 141 144 Nat Distillers ........
-
214.
211
Anaconda Copper
401
401
National Load
271
1274
***
190 ota
Atchison, T. & E, Fe.
531
392
Nat. Power & Light, pu
意
street survey covers 19,000 concerns of all sizes.
Auburn Motors
43 41
Nat Supply Corp. 171
174
Baltimore & Ohio...
8!
87
New York Central
201
201
.
Barber & Co. *****
231
22
N. America Aviation 141
14
NEW BANK OPENS
New York, Oct 25 (Tuesday).
(British Wireless Service)
Barnsdall Oll .........
172
18
North America Co.
247
25
ON MONDAY.
Bethlehem Steel
607
871
Northern Pacific...
121
127
Oct. 4
Oct. 25
Boeing Airplane Co.
281
28
Paclic Gas & Elec
281
29
Paris
1781
176-23/32
Borg-Wamer .....................
341
341
Pacific Lighting
42
43
Genera
Berlo
Athens
Milan
20.901
20.98
Briggs M'facturing 354
341
Packard. Motors .......
51
51
11.00
11.89
Brooklyn Manhattan
Paramount Pictures 121
121
5-174
Trans.
121
121
Pennsylvania" R.R.
22
22%
901
Brooklyn-Manhattan
Phillips Petroleum....
392
391
Lisbon
Stockholm Shanghai
New York
,1104
$6 cum. pf........ 331
34
Public Service of NJ.
337
·341
10.411
Canadian Pacine
61
મ
Pure Oil
113
21#
The formal opening of the Hong-New York Cotton - Dec. New York Rubber - Dec. kong branch of the China State
- Dec. Chleago Wheat Bank, Ltd., in the premises former-
- Dec. Chicago Corn ly occupied by the China and
Winnipeg Wheat.-Dec. South Sea Bank at the comer of Queen's Road Central and Ice House Street, will take place on Monday, October 31.
Prev. To-day's High Low Close Close Change 2.48 8.41
8.43 8.41
07 up 16.90 18.81 18.90 16.85
05 OL
86
65 851 651
1/4 up
47
481
467
464
1/4 cm
593
581
60
#91
3/4 off
NEW YORK COTTON
Close
Opening
Closing
Change
Bd'
Case. J.I....
95
941
Radio Corpn. of Am...
81
-4.762
4,781
Chesapeake & Ohio -364-
36
Republic Steel
201 20
-Amsterdam.
8.75$
8.751
Chrysler Corp.......
831
84
Reynold Tobac. "B"
45%
Vienna
Columbia Gas & M
91
9
Schepley Distillers
191
201
Mr. Lu Yen-ming will be in December charge of the branch here, with January Mi, Thiếu Thu Hà assistant | March manager.
8.41/41
8.43/43
8.48/48
.07 up
$1939)
8.33 N
8.35/35
8.39/39
.06 up
831/31
8.23/32"
8.38/38
07 up
May
{
.... 8.24/24
8.25/25
8.24/25
unch.
Prague 20
1381
Columbia 8% "A" pl. 78 *
B01
Schenley, 5% pfd... 72
721*
Helsingfors
2264
Commercial Credit... 56
561
'Scars" Roebuck: .....
772
173
Bucharest, ......
660
Commonwealth & 8.
2
11
Shell Union Oil
151
152
Hong Kong
Bombay
Montreal
1/2-15/16 1/5-15/16 4.79-7/8
Commonwealth & B
Socony-Vacuum Oil
14
14.
The Bank was established in July Hankow in 1928, and is a member October of the Shanghai Bankers Associa- Spot tion.
{
.....
8.14/14
8.15/15
8.15/15
..01
up
... 7.93/93
7.93/92.
7.02/02
.01 oir
...-8.75 N
8.75 N
unch.
6% cum pt.
50
501
Southern Pacibc...
201 ... 20
NEW YORK RUBBER
Prussels
28.131
4.80" 28.16
Consolidated Edison 334
337
Southern Rly: $5 píä.
261
261
Consolidated CHI
91
g
Standard. Brands.
74
7
Yokohama
1/2
Belgrade
211
Buenos Aires .....
19.01
Continental Can ... 4411 441 Continental O... 301 Corn. Products
Stand Gas & Elec.
#4
42
291
Standard Oil of NJ.
534
531
691
70
Stone & Webster ....
138
13)
Monte Video
19.05
Curtiss Wright (C) 7
ཉ
Rio de Janeiro
3.
Curtiss Wright "A" (283
271
Bwift International 20 Technicolor
KWANGTUNG BANK CARRYING ON
Dr. Y. C. Koo, managing director *29* of the Kwangtung Provincial Bank, has arrived in Wuchow with his 231 23
December March
16.90/92
16.82/94
May
16.25/87
September
16.00/91
18.81/85 18.85/88 16.88/90 16.88/89 18.94/91 16.90/92 10.95/95
.05 off
"J
.06 up
.05 up
up
.08 -
Bales for the day:-
2,830 tons
Oslo
October 28, 1939.
Copenhagen
Silver (Forward)
Silver (Spot)
War Loan
Closing Quotations
On New YoRK: —
22:40
191 10-11/16 100-11/16
Distillers Corpa. Sea--
Texas Corpn..............
437 432
grazg
21+
201
Texas Gulf Sulpbor
34
331
191.
Douglas Aircraft
642
671
20th Cent. Fox.
262
26
10-11/18 34% 09-1/16.
Du Pont!.
1481
1487
do. $1}' pt.
351
351
staff. It is reported that the bustness of the bank will in future December be carried on at Lienhsien, in May Kwangsi,
CHICAGO WHEAT
651/651 671/879
851/658 >>
1651/651
871/671
671/68
July
671/671
671/871
ឌ៩៩
Eagle Picher Lead 14
137
Union
Carbide &
Eléc. Bond & Share 13!
131
Carbon.......
B91
.891
Elec, Bond & Share
Union Pacific
947
941
$5 pl...
82%
63
United Aircraft.
347
35
Chu-Loarmon:
Bank Bulls, on demand .29) Credita, 60 days' gigli 29%
Elec, Bond & Share
$8 pf.
United Airlines Trana (11
134
The sayings department of the Bank has been removed to" Hong- kong, and any depositors desiring to make inquiries may appmach the office here in Chater Rosa.
Monday's Bales;---
12,412,000 bushels.
CHICAGO CORN
December
487/462
671
08
United Corph
41
4.
May.... July
492/491
51/51
482/467 484/482
491/50 491/491
61/51
+ off
unch. unch.
Elec. Power & Light
United Corpn. 53
Telegraphic Transfer........) If%
ÚN BATAVIA 1/
$7 DI.........
Bank Bills, on demand) 12/10
On demand
Bak
Flintkote 41000 19 NGƯỢC
43 281
431
cum. pf...
37
36
.. 28,
United Gas Corpn.
4"
.4!
"Üredila, a months! hight...... 1/31/18
'O
Paris:——*
Gen, America Trais 541
540
Un. Gas Tprovem't. 114.
111
ON BEANGITAL TOY
*
Bank Bills, on demand 1,095
Gen. Electric
461
481
UB Rubber ....
53 54
October... December
May
On demand
Credita, 4 montha' night 1,480.
Gen. Motors wi...
511
51
U.B. Rubber $8 ptd... 973
UK 84100K
Gen. Railway Bighal 24
US Steel
651
659
ÜN. 811GAPORE: ***
On demand
1004
Glidden Co.
| Vanadium vet
-244-
On demand
517
On Manila 1
Goodrich (BJ) PAR
254
23%
Warner Bros. Pict.
Zk
74
ONTJÁBAN:
On demand
Goodrich $5 pf. .....
831
Westinghouse Tec. 121
1201
MEXICAN OIL
APPEAL FAILS
Mexico City, Oct. 28 The petition of the foreign: oll. companies to President Cardenas for revocation of the expropria tory decree bas been rejected. says the Department of National December
March Economy,
63/631
NEW YORK HIDES; (New Contracts)
13.63/83.
WINNIPEG WHEAT'
601/601
60/601
609/604
001/601 501/591 591/591
off
off
621/62+
-13.65/65 14.00/02
13.58b/58a
14/05/04 13.97/97
-ON BANGKOK 1
· Goodyear Tire di Co. | 331-
331
On 'demnad ........
1054
On demand.
120
Great Northern Iron
De här
Sovereign Notes
143
Telegrapoio Travaler, Vank
Bant Buying Babs. 1/A
Great Northern Ely: 24
231
Woodward Iron Cor. 201 Chase National BK-331" National City Bank 251 253 Call Money
11%)
201
The rejection means that the companies must now await the
Great Western Bugar: "291" "201
ms-Reuter,
Supreme Court to make a final December
· NEW YORK' STRAITS TIN
... 45.805/952 45.80b/45.95a 48.35b/402
decision on the jagghts of the NY Silver, Oficial rei, 42-3/4«.»
NY-L/don Cross Rate... 4.76-1/8
42-3/4-
4.76-11/18
1911/16
div.