350
-51 3/4
STOCKS
Last Sale
Aug. 28
STOCKS
104
Adama Express: .............
*
Alleghany. Steal Cò. Allied Stores
161
Lat. Tel. & Tel.
8.
Johns Manville
Allis Chalmers
32
|J, & Laughlin Steel $7 pfd.
Aluminium Ltd
117
Kennecott Copper
PAGE 12-HONGKONG DAILY PRESS
ASPIRIN CHINA RETAINS POSITION STANDARD AS WORLD'S SUPPLIER OF
SUGGESTED
In a paper... reau vetore the "British Pharmaceutical Conference in Birmingham, Mr. H. Berry. Dean of the College of the Phar-
in maceutical Society London, suggested that there should be a fixed standard for the disintegra- tlon of the aspirin tablet. Aspirins must dissolve readily to be effec- tive.
"There is at the moment," hë sald, "a certain uneasy feeling and a certain amount or evidence that some tablets, either because o high compression or some other cause, may actually pass through the alimentary tract unchanged or only partly dissolved."
Some 3,000,000,000 five-grain aspirin tablets were consumed by the British pubilc every year.
MONEY AND
TUNGSTEN
CHUNGKING, AUGUST 25 (CENTRAL)
CHINA
FINANCE,
HONGKONG SHARE QUOTATIONS
·STOCK, EKOMAREE
SHAREBROKERS ASSOCIATION
Enzyme Dollars Bolas Womina
Bayaraj alarm Fémina) MONDAY 28.
"RE-
81150
404
M.Q. £70
£70
EXPORTING
TAINED HER POSITION AS ONE OF THE WORLD'S PRINCE- PAL SUPPLIERS OF TUNGSTEN IN · 1938 BY 133,577 QUINTALS — 108 KILOGRAMMES TO AT A TOTAL VALUE OF $54,492,082, FOREIGN TRADE COMMISSION.
A QUINTAL——— ACCORDING TO THE
Although the quantity exported represented
quintals
decrease
of
than the
A
of 31,601 caintals as compared with the 165,178 1937, the cash return was actually $9,743.496 more $10,758,592 of the previous year.
Experts believe that China will a record high of 48.153 quintals in last figure formed be able to maintain her output re, 1937. The
percent of China's total cord during the "current year. be- 29.1
of export of the metal in that year cause the production centres
southern Kiangsi, tungsten northern Kwangtung and south- ern Hunan are all under Chinese control.
་
Indispensable
Remarkable Change
took. 10,720 The United States quintals in 1935, 13.992 quintals In 1936 and 23,804 quintals "in 1937. In the same three years,
Besides its wide use for indus-Great Britain bought 8,781, 7,937 trial purposes. tungsten in- and 16,338 "quintals" respectively. $14
is
and 20.098 d'spensable to alloy steel used France 5,528 3.498 for armour plate, airplane parts, quintais.
other armaments. A remarkable change,
Jast year. The For the three years ending in was witnessed
to Germany account of quantity exported Germany, on
EXCHANGE guns and
CLOSING QUOTATIONS
AUG:28, 1939 -
C London:
Telegraphic Transfer. 1/2 19/31 Bank Bills, on demand/2 19/32 Credits 4 months' sight 1/3 1/39
On Shanghai:-
"On demand
Qa Singapore:~.
On demand
On Japan:"
On demand
On India:
Telegraphic Transfer 81 1/8
and demand
Dn, New York:---
1937.
In
however,
1938.
her rearmament programme, was dropped from the 48,153 quintais the largest purchaser Chi-of 1937 to 7,250 quintals in
The United States and Great nese tungsten ores.
She
750 quintals. took 23,332 quintale in Britain each took 1935, 14.664 quintals in 1938 and while France took 1,000 quintals.
NEW
YORK STOCK EXCHANGE
QUOTATION
11:
# : !!
*!! !!!!
97
AUG.
· Banks
H.K. Bankumou
Do. (Cal Reg
Da, Loc. Bay, Chertated Hanks .....
£x4 Mercantile. Bha **** £18 Starcantile Bks, “C” #73 Bank of East Asia ...
+
[N. G, & B. Hooke
Insurances
$300 Canton Insurance ...
$380 Union Insuranoss
914
Underwrite
$190 H.. Firia .........
Shipping
$67 Douglas
$8,10 Waterboste ümman
Docks, Wharves, Godowns, etc.
$103) H.K. & K. Wharves
Providents
Providents (new) .... E.E. & W. Docks...
Do. (b)
$110 Shanghai Dooks B,
4 ctt. Hong Kong Minos....
28
$98
$7.96 Shanghai, Lands 8,
H.K. Realtiou
Humphrey.......... Chinsas Extabas
Cotton Mills
$17 E (8.)..............
8190 8'hat Cottons. (8.)... 843 Zoong Sings (8.)
$3,85
.j
$1,180
Вто £70
TUESDAY, AUGUST 29, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE · BUILDING
HONGKONG
2244.
*£12
$72.
Boots.
$200
311
$350
COMMODITY MARKET REVIEW
-$185
#677
$12
Steamboat
$16
Beu Indo-Chines
(Prod.)
$50
(FROM PAYNE & CO.)
82/6
Indo-Chinas (Del.)..... Shella
$20
43/6
$8
SINGAPORE RUBBER
#102
$31/3.90
$14
SPOT
New Engineering 8. Mining
108 38.30
OCT.-DEC.
JAN.-MARCH
New York, August 28.
1
August 25
August 29 buyers sellers buyers sellers 27-7/8 28-1/8 28-1/4 28-1/2 27-7/8 28-1/8 28
28-1/4" 27-3/4 28
23-1/8 27-7/8
change
up. 3/8
up 1/2
up 1/3
19/5 Kail
19/0
The market was purely, nominal with general absence of inter- est, pending clarification of the political situation.
Raube
$7.98
Venesuela Gold Flds
$6.40 $4
LONDON RUBBER
++
Lands, Hotels and
Buildings
$3.65
$2.6083
H.K. Hotel
$3.85
Previous close To-day's close buyers sellera buyers sellers
change
$30 Dar
H.K. Lands
B. | $31
SPOT
8-11/16 8-3/4
Do. 1% Debentures
$100
'OCT.-DEC,'
8-11/16 8-3/4
CLOSED
$4
JAN.--MARCH
8-11/10 8-3/4
$7.90
NEW YORK COTTON
#171
AUG. 27, 2939
110
Market closed.
$40
Last Sale
Aug. 26
$19.80
$14"
$48 Wing On Textiles (6.)
Public Utities Tramways
$80
$14
$14.
667
40 *
35
Bank Bills, on demand 26
Credits. 60 days; sight 27 11/16 Amerada Corp. augusio
50
Lakey Foundry & Mac.
21*
Amer. Can
981
Libbey-Owens-Ford
Oland
47
On Batavia:--
American Cyanamid B
277
Lockheed Aircraft
21+
On demand
48
Amer. & Foreign Power
24
Loew's Inc.
401
On Paris:-
Bank Bills, on demand 1060
Ameri & Foreign #7 pi.... 20
Manhattan Shirt Co.
American Gas & Eleo
36
Martin, Glen L
291
Credits 4 months' sight 1:03
Un Saigon S-—-- •.
Amer. Locomotive
15
McKesson, Robbins
142*
On demand
14
Amer. Metals Co.
271*
Monsanto Chemical
1001
Amer. Radiator
·10)
Montgomery Ward
487
Dr Manila:-
On demand
32
Amar. Rolling Mi
137
National Cash Register Co. 171
On Bangkok---
On demand
Amer, Sting and Ring Co.
43 ..
at. Dairy Products
161
152 1/2
Amer. Sugar Reg
Nat. Distillers
23
Sterting Notes:-
Amer. Tel & Tel.
1641
National Gypsum.
101
Bank Buying Rate
1/9/13/16
Amer, -Tobacco" “B”.
804
|National Load .......
Bar Silver per oz."
20 1/16
Amer. Waterworks
107
Nat. Power & Light
PUR SPIR⠀⠀
$7.40 Peak Trams fold)...
$3.70 Peak Trams (new)
9831 Star Ferrim .......
$99 Y'mali Forries
Do. (now)
$7.40 $3.70 $62, $22
$84/.80
Chion Lights (0)
$61
#
Chiza Lights (New)
Chins Lights m
$50
H.K. Electric
$49
$50
218
Macao Bisotrion.
$11
Bandakas Lights
520
Talspbomas (öld)
#10
$7.00 (Telephonon (now)
19/6 Tractions
22/
23/0
Traotions (pr.)
Industrials
814
Cald., Macg (Ord.) 8.
$13
Cald., Macg. (Fref.) 8.
$L
Canton Low
$1st Comenta
B
$3.7G Rope
Anaconda Copper
25
National Steel Corp.
63
Atchison, T. & S. Fe.
241
|Nat. Supply Corpn.
Auburn Motors ..
+
12
233
581
9
Boeing Airplane Co.
18
221
201
Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pt. Canadian Pacific R'way. Case. J.I......... Celanese
11
401
701
231
34
771
74
7
447
681
312
39
23
171
10)
180
81
332
9
58
68
30
18
30
43
38
g
15
192
"Goodyear Tire & Co..
26
16
11
63
23
-bid.
7.1930
Market Report
FROM ROZA BROS.
Saltimore & Ohio Barber Asphalt Barnsdall.01. Bendix, Aviation Bethlehem 'Steel Bliss & Co.
The price for Ready Silver was unchanged over the week-end bub the Forward rate dropped 1/8 to 19.7/8. Silver advices reported |
being the market as India sold and Speculators bought. Borg-Warner
was un-Biggs M'facturing The American market quoted.
uncertain.
1.
The London/New York cross-rate was quoted at 439...
Market
Erratic at the opening but sub-
for sequently firmed up cash. There were some demand for for- ward delivery.
Chesapeake & Ohio Chrysler Corpn.
Colts Patent Fire-Arms Columbia Gaä & X Columbia 6% "A" pt: Commercial Commonwealth & 8. (ord.) C'wealth & 8.8% cum pt. Consolidated Edison
Sterling The market opened with sellers at 1/2.11/16 but business was soon done at 1/2.3/4 for cash, 1/2.11/16 September, October and December followed by transactions for cash at 1/213/16, 1/2.7/8 and 1/2.15/16. Consolidated CHI The market closed at lunch time Continental Can with sellers at 1/2.15/16 Cash, Continental Oli 1/2.27/32 September, 1/213/16 Corn Proddicts... October, and 1/2.25/32 November, Curtiss Wright (C) buyers at 1/2.31/32 Cash, 1/27/8 Curtiss Wright. "A" September and probably 1/221/32 Deere & Co. October.
Distillers Corpn. Seagrams Douglas Aircraft Du Pont de Nemours Eagle Picher Lead Enton Mtg Co. Elec. Autolite
U.S. Dollars The market opened with sellers at 26.3/4 with business done at 26.7/8 for cash followed later by transactions at 27, 27.1/8, 27.1/4, 27.3/8 and 27.1/2 all for cash. Elec. Bond & Share..
Elec. Bond & Share $5 pt. Elec. Bond & Share 38 pr. Elec. Power & Light $7 pt. Flintrote
fair amount of business was also arranged at 27 for September de- livery. The market closed at i pm. with sellers at 27.3/8 for cash, 26.15/16 September and 25.9 16 Food Machinery Corp. October, buyers at 27:1/2 cash. 21. Gen. American Trans. 1/3 September and 28.3/4 October. Gen. Electric
Shanghai Bollers
There was dʊ' quotation. The Shanghai Exchange market
was closed to-day.
Afternoon Market Rates were more or less the same in the afternoon te
Gen. Motors
Gen. Railway Signal General Tire & Rubber Co oudden Co...
Goodrich B.F)
Goodrich $5 pf.
Great Northern Iron Ore.... Great Northern Riy, pfd. 223 Great Western Bugar Sterling
Greyhound Corpn. ... Business was done at 1/2.15/18 August, 1/27/8 September, 1/2. Becker Products 13/16 November and 1/2.3/4 De Hercules Powder Co. cember. The market closed with Homestake Mining -
Industrial Rayon sellers at 1/2.15/16 August. 1/2 27/32 September and 1/213/18 International Harvester
Int. Nickel October, buyers ht 1/231/32 Cash, 1/27/8 September and 1/2.13/16 November.
US Dollars Businew was done at 27.7/10 for Cash, 27.3/8 Cash and 27 Septem- ber. The market closed with sell- ers at 27.5/18 Cash 26 7/8 Sep tember baryers probably at 27.378
Josh and 27 September.
Aug 17, 1988. High Low Dow Jones Averages, Aug. 16, High Low Close Chango 154.85 121.44 20 Industriala 138,78,186,02 135.16 128.29" (1,66 up. 24.23: 24.16 30 Baller 36 36.38/W 2898: 16.58 $0.88 0.6% up 27.07.20.71 90 Utilities
24.50 15.93 14.78 25.13 0.63 up 99.29 87.08 40 Bonds.
19: 8812 RAL 88.31 0.19 up 51.09 45.59 T1 Commodity Index 47.58
Burian Daner 620,90 shares
H.E. & éhai Bank (Col..
Chinese Eng & Mining
(bearer
Clinser Corpora AoiY Pekin Syndicate
$194
| New York Central
131
Niagara. Hudson Power
B1
11*
N. American Aviation ...de
14
North American Co. ...............
23
|Northern Pacific
81
Kanyang
Owens-Illinois Glass Co.
64)
| * · Miscellaneous
320 Dairy Farm (Old) ....
Dairy Farm (New)
$0.20 Ch. E'tainmentá
$1.6b Construction (pl) Constructions (new)
$74 Lane Crawfords
and Tobacco
$1.80 (BinarNG
New York Stocks
$1
$12.80
$3,80
$19
$18
$8.90
NEW YORK RUBBER
The market fuctuated erratically within narrow inits, Early Trade and commission-house buying was offset by foreign selling and liquidation, which was mostly due to favourable weather conditions, and the continued uncertainties in Europe.
CHICAGO WHEAT
Profit-taking and liquidation by nervous holders on what are considered to be better prospects for peace has continued intermit- tently. Lacking the concerted demand which would result from the outbreak of hostilities in Europe, statistically the evidence is all against higher prices in the immediate future. Exports have legged.
Previous To-day's
close
133.73
close Change 138.39
up 286
N. Y. Commodity Market
$1.98
$7 Watsonal
Paclac Gas & Elec.
#71
321
311
Ch. G.5% 1925G #Bda.
28°
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Lovy & Company)
Pacific Lighting
47
$100
|X:K. Góvt, 45% Loans
par
Packard Motors
34"
$99
H.K. Govt. 34% Loan
Paramount Pictures
81
841
H.K. Wing On
Pennsylvania R.R.
What Wing On
$10
184
Phelps-Dodge
$84
Vibro Piling
381
Marsmans Inv.' (Lou.}
32.
Philips Petroleum
*
34+
4/0
Marsmans Inv. (H.K.)
Public Service of N.J.
39
Pullman Inc.
241
Win Powidle
|#Bales ho... Ehwaghst
Pure Oll
67
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept, Winnipeg Wheat, Oct. New York Hides, Sept.
closed 671 424 437 434 1 of 35 571
10.25
671 664 681 434 561
Frey. To-day's High Low Close Close Change
3.64 8.58
8.61 8.59 18,76a
02 off
* of
55 14 off
closed
Radio Corpn. of Am.".
51
1/
Reading Company, 1st pid
211*
LONDON STOCK EXCHANGE
NEW YORK COTTON
Remington Arms Co., Inc...
21*
80 *
Republic Steel
16
#
Reynold Tobac. “B”
(REUTER'S SERVICE)-
Close Opening
Closing
Change
38
Richfeld Ol
14
73
London, August 25.
October
8.61/81
Safeway Stores
431
Schenley Distikers dominer
71
Schenley, 4% pfd.
.73
The following quotations are the middle prices at the elses ot the market in London. All quotations are subject te confirma- ∙tion and no reponsibility is assumed for errors in transmission.
December
8.46/47
8.82/61 3.45/46
8.59/59
02 off
8.43/44
.03 of
January March
8.32 N
8.326/33a
8.29 N
.03 of
8 22/23
8.21/23
8,23/23
unch.
Sears Roebuck
2
&
May
8.07/09
8.08/00
8.00/09
unch:
21+
Seversky Aircraft
21*
584.
Shell Union Off
104
42
| Bocony-Vacmura 011
114
Southern Pacific
121
Southern Riy 85 ped."
221
Sperry
397
601+
Standard" Branda'
.61
Stand Gas & Elec.
23
Standard Oll of California.
25
231
| Standard Off of N.J.
38**
Stone & Webster
101
War Loan, 8% Red
after 1953)
Canton-Kloon Rly.5% 12
Chinese 41% Gold Loan
1898 (Brit. Issue)....... 39
Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loén,
1912.
38
..... 17+
Swift International
20
Chinese 5% Reory. Coan,
Technicolor
134
1913 (Lda. "I8,3" Tisine
Texas Corpn.
351
Chinese 8% Ster. Notes.
Texes Gult Bulpbur
284
1925 (Vickers)
Trans-America Co.
5}
20th Cent. Fox.....
18
20th Cent, Fox. $13 pf. ..............
Union Carbide & Carbon........
80
447
Union Pacific
957
United Aircraft
34
Chin. Imperial Rly. 5%
Loan
Honan Rly. 3%
Hukuang Rly. 5%. 1811... 13
Hukuang Rly. 5%, 1911-
(German" Isine)......
| Imperial: Tobacco
ལྦུབ སྒྱུ སྒྱུ་ ཆད་བས
+306
Union Insurance Gula Kalumpang Rubber 15/9 Allied tronfounders...... 16/6 Asso, & Elec. Industries 38
· Austin' Motora, ord. 28/6 Cable & Wireless, New
Form, ord.
July
7.93/93
7.94/94
7.93/93
unch.
22
Spot
9.11 N
9.04 N
.07 off
NEW YORK RUBBER
474
September December
16.75b/78%
16.48/48
CLOSED
B.-A. Tob. (bearer)
85/74
March
18.41b/458
Carimell Laird, ord.
8/0
May
18.37b/12a
Mexican Eagle'
5/41
Courtaulds.
27
CHICAGO WHEAT
Distillers
-92
Dunlop Rubber
25/8
Gen. Bectric (England)
73
September December
634/684
67/661
681/081
· 67/66°'
Guinness (8) Son & Co. Hawker Siddeley Airc... 15/7 Bristol Aeroplane: ..........
88/9
May
69/601
671/671 671/678 677/671
+
off off
1
15/71
Friday's sales:
30,944,000 bushels.
Imperial Chemical Ind. 29
CHICAGO CORN
125
Marks & Sp'cer "A" ord. 56/3
Rolls Royce......
·98/9
September
United Airlines Trans.
101
Lung Tsing & U. Hai Hly.
Leyland Motors
88/0
December
151
United Corpn.
21
55 1913.
Tate & Lyle an
May
43/424 433/437 439/491 491/421 484/461
43/431 40/461
199 United Corpn. $3 cum pt.
301
Shai-Ning Rly. 5%‰r
Turner & Newall
·77/5
871
United Gas Corpn.
14
Tientsin-Pukow Hty, 5%
United Steel
22/3.
WINNIPEG WHEAT
United Gas Improvement
137
(Brit. Stud)
111
Smethwick Drop For
16/9.
13#*
Reading Company, Com
Tientsin-Puków Ely. 5%
*101*
Armstrong Stevens, ord. 5/9
October:
571/574
.66/55.
567 b
(German-Etpd.) ..............
US. Rubber
394
Pressed Steel, cam.... 17/10
December
581/89
57/501
57/57
UB. Rubber $8 ptd."
UB. Steel
Tientsin-Pakow Rly, 5% Guri Stre, Supl Loan) Tientsin-Pukow Rly, 5%.
Vickers, ord.
18/6
May
613/82
60%/60%
12
| Woolworths |
61/71
Anglo-Dutch
22/3
Vanadium
bi
21
737 Warner Bros. Pict.
Westinghouse Elec. Woodward, Iron Cor."
150
501
Chase National Bank
30
4 Jap. 5% Ster, Loan, 1907 29 ∙1034.
Jap. 8% Bter: Loan, 1924 34 Ger. 7% Intl Loan, 1924 23 Chartered Bank an
(Ger. Stpd. Supl Loan) 12
NEW YORK HIDES
Rub. Plant. Invest Trust 25 Burma Corporation
778
Commonwealth Mining....
Marsman Investments............ 12/3
| Randfontein Estates · -18/3
NY Silver, Official
September bioma December
10.25/25
CLOSED
10:59/03
471
National City: BankTM
23
HK. & Shai Bank: (Lin,
39-3/4 NY-London Cross Rate 439-74
unquoted
nuquoted
DOW JONES AVERMIE
Western Holdings
-10/3
Bub-Nigel
210
Tanami Gold Mining..
6d.
Anglo-Iranian
Burmah!
63/9
12/6
Shell Trans & Trad.
82/8
at let. Constr. Co.
12/8
Nominal
September
10 to 12
December
NEW YORK STRAITS TIN
Unavailable
NEW YORK COPPER FUTURES
9.13b/18a
9.21/21