Canadian Pacific R'way.
Case, JI
Celanese
and
Chesapeake & Ohio
Colts Patent Fire-Arms ... Columbla Gas & EL
C'wealth & 8. 8% cum pl.
Consolidated Edison
ber, probably December, buyers at {Distillers Corpn. Seagrams 1/2.31/32 Cash and 1/2.5/8 Novem- Douglas Aircraft ber.
Market Report
FROM ROZA BROS.
Market: Quiet but steady.
Merchant Rates
US Dollars, 96-15/18.
Calcutta Exchange
Calcutta, Aug. 24 (Router).
T.T, on Japan, 78-1/2.
NEW YORK
Silver prices were higher yester day to the exterit of 1d. for Ready -and-1.1/16 for Forward, the quota- tions being 19.1/16 and 19 res- pectively. Silver advices, reported India and Speculators as having- bought. The market closed steady with buyers at the quoted rate. Adams Express American Silver was quoted at Alleghany Steal Co.. 39.5/8, for Spot..
STOCKS
Alled Stores
The London-New York cross- Allis Chalmers rate - was quoted at 468.13. New | Aluminium Ltd York-London was quoted at 488.- Amerada Corpa.ne
1/8.
Market
"
|Ämner. Qan
| American Qyanamid B Opened weak for forward owing | Amer, & Foreign Power, ... to a general demand. The Cash Ameri & Foreign și pl.... was unchanged. Later the American Gas & Elec market reacted closing towards Amer. Locomotive ........... lunch time on the steady side.
rate
*་
Amer. Metals Co.
Amer. Radiator
Amer. Rolling Mill
Sacrina Business was done during the early part of the morning it 1/2. Amer, S'ting and Ring Co. 19/32 for Cash, Later offers at Amer, Sugar Ring 1/2.5/8 were accepted for Cash and Amer. Tel. & Tel.
also arranged for Amer. Tobacco "B" 1/2.19/32 was September, October, November and Amer. Waterworks December. The market closed at Anaconda Copper 1 p.. with sellers at 1/2.5/1 Cash | Atchison, T. & 8. Fe. and 1/2.19/32 December, buyers at Auburn Motors... 1/2.21/32 Cash, 1/25/8 September Baltimore & Ohio and 1/2.19/32 January.
US Dollars
Barber Asphalt Co Barnsdall Oli ...... Bendix Aylation Bethlehem Steel.... Bilas & Co.
Opened with sellers at 28 3/8 for cash at which rate some business was done. Later 28 7/16 was also
Boeing Airplane Co. arranged for Cash and August. The market closed at 1, p.m. with Borg-Warner sellers
at 28 7/16 Cash, 28 1/8 Biggs M'facturing September and 28 October, buyers Brooklyn-M'hattan Trans.
at 28 1/2 Cash, 28 1/4 September
and 28 1/8 October.
· Shanghai Dollars Opened with sellers at “398
B'klyn-M'hattan $6 cum pt.
closed towards lunch time with Chrysler Corpn.
sellers at 402.
Shanghai Market,
Opened with sellers at 3.5/8. [Columbia' 6% "A" på The lowest rate touched was 3.1/2. [Commercial
Towards lunch time the rate was Commonwealth & 8. (ord.) quoted at 3.37/64 for Spot:
Afternoon Market
The market was "quiet, in the Consolidated Ou afternoon.
זי
Sterling
Continental Can
Continental of
Business was reported at 1/25/8 Corn Products for September delivery. The max-Curtiss Wright (C.) ket closed with sellers at 1/25/8 Curtis Wright "A" Cash and 1/2,19/32 August/Novem- | Deere & Co.
New York,. Aug. 24 (Reuter). -T.T. on London (Opening Rate), 4.68-1/8.
India Rupee Paper
Bombay, Aug. 24 (Reuter)} Govt. 31% Rupee, 95-15-0.
STOCK EXCHANGE QUOTATION
401
National Load ...... Nat. Power" Light National Steel Corp.
170
Da Singapore:-
· PAGE 12–HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS|Shangbai Exchange -
AUG. 25, 1938
On London:-
Telegraphic Transfer, 419.3. Bank Bills, on demand 19,3 Credits 4 months' sight 1/3 1/32
On Shanghai: ----
On demand
Shanghai, Aug. 25` (Router). To-day's market shows an easy tendency and all rates are nominal due to the seriousness of the Euro-Standard, Cash 14 pean situation:
It is almost impossible to do any business, whilst the US. Dol-Electrolytic lar forward rate is arrived at by päre guess work.
LONDON. METALS
EXCHANGE
London, Aug. 24 (Reuter),
COPPIE
FINANCE
HONGKONG SHARE QUOTATIONS
ŠTOCK EXCHANREM
SHAREBROKERS- ABSOCIATION
Balon „Nomina||
FRIDAY 25.
AUG.
Biyar Biera
Momina
buyers *sellers
2.
44-1/18
$1150
Standard,
N.Q. 287,
On demand
31 3/4-
Official T.T. Rates
3 months 44-1/8 49-1/4 TEN Standard, "Cash 229-7/8 Standard,
1983
44-1/4 50-1/4
130
28
£13
On Japan:-
Opening
On demand
104
On India:--
London ... New York
0/3-1/4
3 months 222-7/8
LEAD
223-1.8
.......
8-5/18
Foreign,
Telegraphic Transfer.
Japan...
23-1/8
81 1/8.
L4
and demand
On New York:-.
Bank Bills, on demand 28 38 Credits, 60 days' sight 18 7/8
un Batavia-
On demand
On Paris:-
Bank Bills, on demand 1073 Credits 4 months' sight 1113
India
Paris..... Hongkong
Open Market-Selling Rate ``
Sterling
Bellers
Opening Closing
0/3-5/8 0/3-5/8
Ordinary, Official
14-9/16
14-11/18
3 months 14-9/16 Final Afternoon Transactions Tin, Standard, Cash, £229,7/8 buyers.
Tin, Standard. 3 months £223- 1/4 paid and buyers"
61 1/2
Spot
Aug.
0/3-5/8 0/3-5/8
On Saigon
Sept......
0/3-5/18 0/3-11/32
On demand
41
106 8/8
U.S. Dolları
Un Manila:-
Spot
$7-1/16 $7-1/16
On demand
.37
Aug.
On Bangkok:
Sept,
7 6-1/8
7-1/18
6-5/16.
New York Exchange
On demand
152 1/2
Sterling Notes:-
Bank Buying Rate
1/2 13/16
Sterling, 0/3-9/16.
Bar Bliver per os.
101/15
18-1/8
Official Price 15-7/8 Foreign Offcial
-15-15/18
:!:
2.39
Y
+
22-1/8
3 months 15-3/4
SFELTER
-15-13/16
441
367
#13
"960
Ordinary,
Official Price 14-7/16
Banks
IL.K. Banks
Do. (Col.
Do. (Lon. B
g))}
Chartered Banks ... 894 Morostijo Bks. "A"
Moronatifs BiL HOT
"
Bank of Bass Asia ... N. C. & S. Banku
Insurances
8:00 Canton Insurancso $380 Utice Inangunces
Underwriters
$12.
$180 R.E. Firne'
$30
Shipping
Douglas AARON Steamboata
Indo-Chinas
indy Chinas (Def.)...
70/44 ||Bhalla [8.10 Waterbosts.
$103
Docks, Wharves, Godowns, etc.
E. & K. Wharton
$4.15 Providents
$16
Providente (new) **** HI. & W. Docks...
Do. {DEW}
$110 Shanghai Docka 8.
New Engineerings 8. Mining
12/8 Kailson
$8,80 Raubs
Veneruola Gold Fids
Lands, Hotels and.
A
eta, Hong Kong Mines...
#311/31
Buildings
H.K. Hotels
H.K. Landa ..........
Dr. 4% Debentatran
€7.90. Shanghai. Landa 8.
H.K. Ramition
Humphreys.....r
Chinese Batubes
13
MA
KONOHTE UNH
******
****
:
****
##!:
#1955 207)
£86
£94
218
$78
COMMODITY
MARKET
REVIEW
#200
#14
$350
$185
(FROM PAYNE & CO.)
$67
New York. Aug. 24.
$15
$50
79/44
SPOT
$102 $4.13
OCT./DEC.
JAN./MARCH
#161
$108
$9.30
12/6
$3,40 44
SINGAPORE RUBBER
August 23
buyers sellers
August - 24-
buyers sellers change
23-1/4 O 1/3 123 OL 11/18 27-7/8 OF 3/4
The Singapore market opened" purely nominal at above rates
The market was nervous and it was very difficult indred to do business even at substantially lower rates.
Very late in the afternoon the market took on à steadier tone.
LONDON RUBBER
Previous close To-day's close
28-1/2 28-3/4 #8
28-7/18 28-11/16 27-3/4
28-3/8 23-5/8 27-5/8
SATURDAY, AUGUST 26. 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
$4
300
!!!:
. Cotton Milla
$17
Bw. (8.).
Last Bale
Aug. 24
AUG. 25, 1939 STOCKS
$190 8'kal Cottons (8.)
Last Balo
$43. Zoong Sings (8.)
Bios
$311/ 31...
$100
SPOT OCT./DEC.
-JAN./MARCE
Market idle...
$7.90
817
8110
$40
buyers
8-9/16
sellers buyers sellers 28-11/16 · 8-1/2- 8-9/10 8-1/2 28-5/8 ·B-1/2 . 8-9/16' 8-1/2 28-5/8 -8-1/2 / 8-9/18
change
on 1/16
unch
unch
61
Aug. 24
$48Wing On Textiles (8.)
$60
Public Utilities
NEW YORK COTTON
The tone to-day was Arm on good buying and covering coupled with Increasing foreign interest. The European attuation continues to dominate the market and prices will probably go higher in the event of better political news,
15
Int. Tel ̈& Tel
51
Johns Manville
65
$14 Tramway
301
J."& Laughlin Steel 37 pid
40
$1.40 Pook Trams (old)
13.70 Peak Trams (new) ...
110
Kennecott Copper
321
$631 Star Farris
.........
#15 $7.40 $3.70 $62
NEW YORK RUBBER
57
Lakey Foundry & Mad..
21
$129
I'mati Ferries
#22***
941
Libbey-Owens-Ford Glass
45
261
Lockheed Aircraft
19#
$7/61
De.
(DOW)
Chipa Lights (0)
». 24
Loew's Inc.
39
China Lights (New)
Chins Lights Rs.
17
Manhattan Shirt Co.
#521/51
B.K. Electrica
$81
38
Martin, Glen L
271
$15
Macao Blacarios
13
McKesson. Robbins
141*
$12
Sandakan Lights. ...........
25-1
Monsanto Chemical
321
33
9
Montgomery, Ward
481
124
National Cash Register Co. 16-
Pat. Dairy Products
IFFE
Telephones (old)
*
$7.69 Telephones (new)
19/6 Testions
22
151
Tractions - (prof.) ............ Industrials
Nat. Distillers.........
22
$14
Cald, Macy, (Ord.) 8.
I
Prices advanced on Trade and speculative interest together with a good volume of factory buying. The announcement of the Board of Trade.. in London to the effect that exports to foreign countries are prohibited, except under an export licence, has been the substaining influence of the firmness in view of the very inw reserves of stocks here.
CHICAGO WHEAT
After opening somewhat higher, prices later declined on reports. of renewed offering by the Winnipeg Wheat Board and on the feel- ing that yesterday's advance was somewhat overdone. Fluctuations were narrow due to the general uncertainty,
157
National Gypsum-
IB
10
Caid., Macg (Fret.) 8.
$1
781
201
Canton Ice
$12.80 Cementa
91.
81
221
59
23
Nat, Supply Corpn.
880
11
New York Central
121
31
Niagara Hudson Power
61
102
N. American Aviation
131
112
North American Co..........
Constructions
211
Northern Pacine
71
543
Owens-Illinois Glass Co.
62
·B+
Pacifc Gas & Elec.
311
$1.50 8:noare
Fations
171
Pacific Lighting.....
461
$10
211
(Packard Motors
3
181
Paramount „Pictures
7
Pennsylvania R.R.
21
152
$3.76 Bopen
Miscellaneous
Dairy Farm (Old).
$193 Dairy Farm (New)
$0.10 Ch. E'tainmente ...... $15 Constructiona
$71 Lane Crawforda
Nanyang Tobacco
33, Ch. G.5% 1925G Bds.
H.E. Gors, 4% Losar
$99) H.K. Govt. 31% Loss $41 H.K. Wing De
B'hai Wing On
iii:
11
[ 312,80
$3.80
New York Stocks
Previous
To-day's
close
close
Change
131.82
131.33
Off .49
$201
$20
18.30
•{old)
(new)
$it
N. Y. Commodity Market
$71
$4
$1.98
$109)
(By Courtesy of Messrs. Swan, Culbertson" & Fritz and S. E. Levy & Company)
309
144
Prey. To-day's -
$10
High
Low
Close Close Change
38
Phelps-Dodge
36
881
31
Phillips Petroleum
∙12/3
.33
Vihra Pilingvis Marsmans Inv. (LOD.)
$81
Public Service of NJ.
4/0
631
371
31
Pullman Inc.
211
23
*Balon
Pure Oil
314
61
744
Radio Corpn. of Am
51
74 *
Reading Company, ist pfa
213*
61
Remington Arms Co. Inc.
85
Republic Steel
15
421
Reynold Tabac. "B"
37
| Maramans Inv. (B.K.}
Wm. Powells
to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
$1
New York Cotton, Oct. New York Rabber, Sept. Chicago Wheat, Sept. Chicago Com," Sept. Winnipeg Wheat, Oct. New York Hides, Sept.
8.71
8.01
16.80
16.71
16,65a 16,7813 up
721 881 70% 70 of
3.60 3.87547
Up
47
441 457 451
64+ 591
601
613
1 up
10.23 10.01
ĐỂ 10,3
37 up
NEW YORK COTTON
Close Opening Closing
Change
11
Richfeld Of
61
London, August 24.
67
Safeway Stores
October
8.60/80
6.87/68.
8.87/67
07 up
40年
231
Schenley Dist:Mers
10.
The following quotations are the middle prices at the sions of the market in London. All quotations are subject to confirms-
December
8.49/49
8.50/57-
3.54/65
·06
January
8.40/40
8.40b/428
8.40 N
up unch.
61
Schenley, 51% pfd.
70
tion and no resymislililly is assumed for errors in transmission.
March
8.29/20
8.34/35
8.35/35
06 up
361
Bears Roebuck
74
器
May
8.15/15
8.19/19
8.20/20
.06 up
21.."
Severaly Aircraft
21
50
Shell Union Oil
10
4
Bocony-Vacuum C
101
214
Southern Pacifie
111
17
Southern Rly $5 pid.
21
157 ·
Sperry
381.
581
Standard Brands .....
8
War Loan, 31% (Red
after 1952)
B81 Canton-Kloon: Rly. 8% 12 Chinese 44% Gold Loan,
1898 (Brit. ISC)..... 18 Chinese 5%: Gold Bonds,
1925-47
Union Insurance
22 Gula Kaldmpong Rubber 15... Allied Ironfounders 16/6 Asso, & Mec. Industries 37/9 Austin Motors, ord.....
July Spot
7.99/99
8.02/02
8.05 N
03
9.10 N
9.17 N
.07
NEW YORK RUBBER
27/8
32
Cable & Wireless, New
Form, ord.
*47
Du Pont de Nemours
1571
Stand Gas & Męc."
懿
Chin. 44% Anglo-French
-French
BA. Tob. (bearer)
82/0
September December March
16.80b/85a 16.71/72
16.78/78
G.S. Dollars
Eagle Picher Lead
77
Standard Of of California.
*241
Loan, 1903 oran
38
Cammell Laird, ord. .."
6/8
May
Business was done at 2 7/16 | Enton. Míg Co... for August. The market closed Elec, Autolite with sellers at 28 7/16 Cash, prob- Elec. Bond & Share ably August, 23 3/18 September, Elec: Bond & Share 35 pr. and 28 October, buyers at 23 1/2 Elec. Bond & Share $5 pf. for cash, 28 5/16 September and Elec. Power & Light $7 pf.
22
Standard Oil: of N.J..
381
Chinese 5% Crtap Loan,
Merican Eagle
5
32
Stone & Webster
101
1913
171
Courtaulds
· 16.50/50 ---- 16.52b/608 16.63/63 ...... 16,40b/51a22 16.55/61,
18.48b/518 16.62/64 Total sales for the day:-1,830 toná
.13
16.55b/57a
16.57b/58a-07
26
Bwift International.
251
Chinese 5% Reory. Loan,
Distillers
91/8,
CHICAGO WHEAT
523
Technicolor
13
101) (LÓE. K
Dunlop Bubber .........
25
64
Texas Corpn.pin
331
Chinese 8% Ster: Notes,
Gen. Electric (England) TÍ
27
Tezes Gilf Bulphur
27
1925, (Vickers) *!.
Guinness (A) Bonio Co
28 3/16 October,
161
Trans-America Co.
B4
Chin. Imperial Ely. 5%
: Shanghai Dolites.
Food Machinery Corp.
28
20th Cent. FOZ. .....
17
Loans
43
London, Aug. M÷(Heuter).
·Séllers at 395,'
**» Shangling, ffarkot
Bellers were quoted at 3.5/8.
SILVER MARKET
LONDON SILVER
deh.. American Trana. den. Electric
Silver.—Midia and speculative Great Northern Bly, pfd buying was met by short supplies. Great Western Bigly Market steady in the afternoon Greyhound Corpn. the market was steady, with bay-Hecker Froducts
ers at the Axed rate, but with sel- Hercules Powder Co. lers holding CÊ.
481
20th Cent, Foz, $1 pt.
Horan Rly. 6%
12
331
Unlön Carbide di Carbon
761
Hukuang Rly 5%, 1911. 13
| Imperial Tobacco"
-92 Hawker Siddeley - Airc..... 15 Bristol Aeroplane
15/6" Imperial Chemical Ind. 28/3
122/6
September December May
70/701
701/71
70/89%
700/701
71/712
TO1/101
713/71
704/701
Wednesday's sales:--42,111,000- bushels.
Gen. Motora .............................. Dem. Railway Bignal
434
Union Pacific
921.
Hukuang Rly. 5%, 1911
Marks & Sp'cer "A" ord. 55
CHICAGO CORN
13
United Aircraft
32
-“ (German » Issue)
Rolls Royce, Tuit
General Tire & Rubber Co. 18,
United Airlines Trans.
Lung Tring &.U. HalRly.
Leyland Motors -
Glidden Co.
15
United Corpn.
24
5% 1923 ........
Tate & Lyla D
Goodrich (B.F.)`
18
United Corpn. $3 cum; pL
351
Shal-N'king Bly: 5%..........&
Turner & Newall.
"98/9 *****88/14
60
76/3 May
September December
453/45%
452/481
466/461
461/461
481/481
| Goodrich 35 @pf..
661
United Gas Corpn.
Goodyear Tire & Co.
23
United Gas Improvement 134
Tientsin-Pukow Riy, 5%
(Brit. Stpd.)});
United Steel
22/3
11
Smethwick Drop Forg. 14/9
WINNIPEG "WHEAT
Great Northern Iron Ore
131
Reading Company, Com
101
a
UB. Rubber
37
24
U.A. Rubber. $8 pfd.
1051
∙151 U.S. Steel
437
101
Vanadium
191
Wimer Bros. Pict.....
**Homestake Mining"
Lego
Spot, 19-1/18
Forward, 194, -..
201
Woodward. Een Cor,
NEW YORK SILVER
New York, ang. Si (Reuter),
Omcial Price; 39-5/8,
BOMBAY SILVER:
Bombay, Aug. 2 (Beder).
Market-Firm Oftake 15 bars.
Ready
Indian Mint Silver
Sept, 9 Bettlement Oct: 7 Bettlement
International Hary Int. Nickel
401
Chase National Parke National City Bank
051
Tientsin-Pukow Bly, 5%
(German Stpd) ......... 12 Tientsin-Pukow Rly 5%
12 //Crit. Stpd. Bupl Loan) Tientsin-Pukow Bly. 5% ****
· (Ger. Stad, Supl Loan) 12 Tap. 5% Ster: Loan, 1907 28 Jap. 6% ter Loan, 1824 31 Ger. 7% Intl. Loan, 1924 23 Chartered Bank........... HK & Bhai Bank (León).
Rub. Plant Invest. Trust 24/39- Burma Corporation 7/8- Commonwealth Miring” “ Marsman" Investments... 12/3: Randfontein Estates 35 Western Holdings ...
Armstrong Stevens, ord. 5/9
Pressed Steel, com.
17/101
October
604/601
Vickers, ord. - dictascistan
16/3
Woolworths
60/6
December May
6138
62/84. 641/65
6148
625/62
641B
651/651
Anglo-Dutch
21/3
'NEW YORK: HIDES
September ..
December
9.84/88- 10,38/28
10.01/03 10.43/50
∙10.20/25
##10.85/60
0/101 207/6
NY" Bilyar, Offeral 22%. 31-1/4 NY-London Cross Rate 4,68-1/8
39-5/8%
4.68-1/8.
S'hal Bank (CGL
NEW YORK STRAFTS TIN
Tanami' Gold-Mining. Anglo-Iranian
(12/6
Barman
Shell ranE
20171
65 61/10
19/45
September
48.43b
48.501
49:10/10
$4.00
lity Indian 45.35
18 0.46 of 74466 0.30 up
/12/8′′
10 to 12
Septembe December
NEW YORK COFFEE FUTURES
51.07/07 9.006/07 9:12/12. 9.15b/18a 9.156/