PAGE 12-HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
11
SEPTEMBER
2" 1939
In London.--
s
Telegraphic Transfer. 1/2 13.8 Bank Bills, on demand/9 18/18 Credits 4 months' sight 1/3 3/8
On Rhanghai:-
On demand
On Singapore:-
On demand
On Japan:-
340
69 1/1
On demand... 105 1/9
On India:-
Telegraphic Transfer. }82 1/2 and demandingð Un New York:-
Bank Bills, on demand 21 1/4 Credits, 60 days' sight 17 7/16
Un Batavia:
On demand
On Paris:-
46 1/2
Bank Bills, on demand 1075 Credits 4 months' sight 1126..
Un Saigon -
On demand
Un Manila:-
On demand
On Bangkok:~-
CHINA SLASHES IMPORT TARIFF
CHUNGKING, Sept. 3 (Reu- ter)-Dr. H. H. Kung, Finance Minister, has announced reduc- tions in the Import tariff for the duration, of the present hostilities. The new rates will be about one-third of the previous rates
U.S.. EXPORT SUBSIDY
WASHINGTON, Sept. 2 (Reuter) The United States Department of Agriculture has declared that it is not planning any immediate change in the cotton and wheat export subsidy programmes, al- though changes might come later depending upon further develop
ments
No immediate change is expected In the federal surplus coRAWLOGI- tles baring programade.
196,1/9
14
30 1/2
NEW
On demand
........ 250 1/4
Sterling Notes:-
Bank Buying Rate
birr Silver per os.
31/32 18:7/18
New Decline In Sterling
NEW YORK, Sept. 3 (Reu- ter) Sterling weakened agalh on the New York Foreign Ex- change Market to-day while Europe wrangled between war and peace.
more.
Foreign exchange dealings are tening to become orderly.
DISCOUNT RATE STABLE
LONDON, Sept, 3 (Reuter)-This week's Treasury tender, amounting to £40,000,000, has been placed at 3-3/4 sterling percent, which is the same level as last week.
This contributes à tribute to the successful steps taken to maintain discount rates at a stable level following the raising of the bank rate to four percent.
Wall Street closed Arm 'yester-. 1 day,
YORK STOCK EXCHANGE
QUOTATION
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buyers}} Ballara
iii
!: 1:
SHAREBROKEEN ASSOCIATION
Nominal SATUR“Ax 2.
$1250
£80
083
$93
SEPT.
Barke
¡H.K. Banks
Do. (Col.' Bag-)
Do. (Lon. Eg) -
Chartered Banka
£24 Mercantile, Bks *** E13 Mersatile Bea" "0" [Bank of Eans Aša 24 $72
ĮN, C. & 8. Banks
Insurances
200 Canton, Insuranom ... $330 Union Insuranom "a"
$1 Underwriters 8190H.. First comme
Buyer Baliars
Salon Tomiza
MONDAY, SEPTEMBER
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
1939.
$1390 280
£80
£13
$79
COMMODITY MARKET
REVIEW
150 ats.
$900
$12
$950
(FROM PAYNE & CO.)
$185
Shipping
New York, September 2
337
| Douglass? | samengeval
$12
19 teamboats
116
SINGAPORE RUBBER
460
|Indo-Chinaa.
(Prot.)
$50
$30
| Indo-Chinas (Deli}...
$20.
Sept. 1.
Bhells
[88/11
buyers
sellers
Sept. 2 buyers selfers
change
SPOT
29-1/4 29-1/2 29-
OCT.-DEC.
29-1/8
29-3/8 28
29-1/4 28-1/4
of 1/4
$100
JAN.-MARCH
29-7/8
29-1/8 37-3/4
28
of 1-1/8 of 1-1/8
$415
The Singapore market was erratic,
'918)`
LONDON RUNBER
$108
$8.30
buyers. sellers
16/9
SPOT
Previous close To-day's close
8-11/16 8-3/4
buyers sellers
change
***
OCT.-DEC.
JAN.-MARCH
8-11/16 8-3/4 8-3/4
8-13/18
UNRECEIVED
83/1
$8.10 Waterboats
Dacks, Wharres. Godawns, etc.
1100 H.K. & K." WharvOS $4.40 Providenta
Providenta (29)_ _*** $16 H.E. & W. Doska... Do. (new)
$110 Shanghai Docks 8. 3 New Enginearings
Mining
16/3 Halo
884
Rauba ...
Vaperusia Gold Fide
2 ota Hong Kang Mi
Lands, Hotels and
Buildings
$4
H. Hotala
$31
H.E. Landa .........5.
par
Do. 4% Debattutas
$7.90 Shanghai Landa
B.
$3
B. Balting. .........................
១២
$98
"
$4.75
$3x $100
$7.90
rti
SEPTEMBER 1, 1939
STOCKS
Last Sale
Market
Market Report
FROM ROZA BROS.
There was no Silver" quotations
shis morning.
Amerada Corps. ..........
Firin during the early part of Amer Can ....... the morning but later the tone American Cyanamid B appeared a shade easter for for- Amer. & Foreign Power ward delivery. US. Dollars opened Ameri & Foreign $7 pi....
the elose American Gas & Elec steady but towards
weakened owing to a general' de- Amer. Locomotive
"
Sept.. 1,
STOCKS
East Sale
Adams Express
7-1
Sept. 1.
Alleghany Steel Co.
18-1
Int. Tel. & Tel.
5-
Ailled Stores
7-1
Johns Manville
62
Allis Chalmers
33-1
J. & Laughin Steel $7 píd.
45
$15
Aluminium Ltd
mut.
Kennecott Copper
38-1
$3.70 Ponk Trama (Dww)
59
Lakey Foundry & Mac.
2-+
$58
Humphreys
Chinese Extebės ---**
Cotton Milla
$17 E (8.)
$120 B'ha Cotions (B)
Zoong Bings (8)
$48 Wing On Tartiles (8.)
Public Utilities
("Tramwayn
$7.40 Peak Trams, (old).
Star Ferrios
#19.10)
860
܊ܐ ܊ ܃
142
110
$40
$159
ST.40
$3.70
$58
HT
Libbey-Owens-Ford
Glass
42
$29
Y'mati Ferries
$22
27-1
Lockheed Aircraft
244
Do. (now)
2-1
| Loew's Inc. '
35-A
87,30
China Lights (0)
$7.30
17.
Manhattan Shirt Co...
$1.20 China Lights (New)
COTTON
Prices early advanced on Buying by speculators, but later react- ed on liquidation and realising. Department of Agriculture Oficials Cotton said to-day that, as far as they knew, the International Conference would begin on Tuesday, as scheduled, although they added that a general war might conceivably bring about the recall of some of the delegates,
RUBBER
The nearness of the war danger boomed prices from the open- ing of the market, but later reports of an easing of the situation brought about general itquidation and prices slumped badly towards. the close.
WHEAT
Frices opened higher on war prospects in Europe and advanced further on general buying, but the market towards the close took the downward trend on rumours of renewed peace talks and of the possiblilties of the avoidance of a general' confllet.
ung.
Chins Lights kt.
33-
Martin, Glen L
33
954
H.K. Blectrics .........
***
$53
16
McKesson. Robbins
13-*
$18
Macao Electrics ........
Monsanto Chemical
Sterling
Amer. Metals Co. Amer. Radiator
28-1
100-
$11
|Sandakan Lights
New York Stocks
Previous To-day's
close
close
Change
135.95
138.09
up 2.84
Shanghai Dollars.
Shanghai Market,
" .
and September followed by trans- actions" at 1/3 for October, Novem-Amer. Tel & Tel ber, December ant January. Later Amer. Tobacco “g" the market eased off slightly and business was done at 1/2.31/32 for January and December.
Business was also done at 1/2.15/18 for The market January delivery. closed with sellers at 1/3 Septem- ber, 1/231/32 November, 1/2.15/16 December/January and 1/2.29/32 February, buyers at 1/21/32 for!
Amer. Waterworks Anaconda Copper
Atchison, T. & 8. Fe. Auburn Motors ... Baltimore & Ohlo Barber Asphalt Co Barnsdall Ol Bendix Aviation Bethlehem Steel Bilss & Co.
cash, 1/3 October, probably 1/2.31/Boeing Airplane Co. 12 December and 1/2.29/32 April
U.S. Dollar
Borg-Warner Biggs M'facturing
Opened with sellers at 28 with Brooklyn-M'hattan Trans business done subsequently at 25. B'klyn-Mhattan $8 cum pf. 3/8 for cash and 28.1/2 for Cash Canadian Pacific Rway. Transactions were also arranged Case, JI“. at 26.3/8 for September and 28.1/4 Celanese "September. Towards the close the Chesapeake & Ohio ..
market weakened and business was Chrysler Corpn. done at 28.1/4 for cash, 26.1/3 Cash Colts Patent Fire-Arms and 28 for Cash. The market Columbia Gas & EL closed with sellers at 25.7/8 for Columbia 6% “A” pl Cash and 25.3/4 September, buyers Commercial
at 26.1/16 for cash and 28 Septem- Commonwealth & 8. (ord.)
ber.
Nominal at 290.
Business was reported at 4.1/20
Com Products............
Business was reported at one time Curtiss Wright (C.)
at 5d for Spot. Towards the close
sellers, were reported at 41/2.
Shanghai Exchange
Shanghal, Sept. 2 (Reuter)
Official T.T. Kates
Business was done shortly after Amer. Rolling M the opening at 1/21/32 for cash Amer. 8'ting and Ring Co.
*****
9-1
Montgomery Ward...
15-#
$191/120.0
15-1
National Cash Register Co. 47-4
48-1
Hat: Dairy Products
16
Amer. Sugar Ring
20
Nat. Distillera
21-1
National Gypsumm
158-1
9-1
$7.63 Telephone (new) IV 8 Tractions
22/0Tractions (pref.)
Industrial
814 Cald., Macg. (Ord.) 8.
Telephones (old) • •,,
350
National Load
77 9-F
21-4
$13
Nat. Power & Light
8
01
Cald., Marg (Frof.) 8. Canton Ince
N. Y. Commodity Market
National Steel Corp.
23-x
61
$12.60 Comenta
«фалопров
$121
Nat. Supply Corpu
23-1
New York Central
uag."
12-1
3:0
4-1
Niagara Hudson Power
8-1
N. American Aviation ......
10-1
15-1
$1.90 Ch.
North American Co............
13-8
21-1
Northern Pactác
T
23-1
45
$3.76 Ropes cuiread
Miscellaneous
Dairy Farm (Old) ...
$19 Dairy Farms (New)
Etainmen
$1,55 Constractions (old)
Constructions (xaw)
$3,80
220
$19
$8,90
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E. Levy & Company)
Prev. To-day's
High LOW
Close Close Change
#74
Owens-linols Glass Co.
Lane Crawforde *****
65
な
Nanyang Tobacco ........
New York Cotton, Oct.
8.52
8.36
8.42
8.37 05 off
Pacific Gas & Elec.
13-
61-4
$1.50 8incares
$1.98
New York Rubber, Sept."
18.65
18.15
18.80 18.15b .65 of
Pacific Lighting
21-1
31
#71
Watsons
Chicago Wheat, Sept.
79.
761
Packard Motors
21-1
3"
40%
Ch. G.5% 1995G $Bda.
4010
Chicago Com, Sept.
524 491
Paramount Pictures
$100 HK. Gort, 1% Low
$100
18-2
7-1
198
Pennsylvania R.R.
H.K. Govt. 3% Loan
$99
Winnipeg Wheat, Oct.
чве
69b
10-1
15-1
$41
H.K. Wing On
$41
New York Hides, Sept.
751b 76 5/8 up
50 491 1/8 off 84b 60b 5 up 11,95 11.40 .55 off
40-4
Phelps-Dodge
|8'bal: Wing On '
10
Phillips Petroleum
4
36-1
Vibro Filing
8
NEW YORK COTTON
Public Bervice of NJ.
87
37-1
13/8
Maramana Inv. (Lon.)
22
Pullman Inc.
24
4/0
31-1
Pure Ol
31
74
Marsmane Inv. (HK)
W Powells
*Sales to Shanghai
October
Close 8.42/42
Opening
8.52/51 .8.37/37
Closing
Change
.05 of
781
Radio Corpn. of Am. ........... v
5-1
December
8.28/28
8.37/37 8.18/20
.08 off
74-3* | Reading Company, Com:
10-1
January
8.18/18
unquoted
8.080
10 'off
6-1
Reading Company, 1st pid
21-3
80
Remington Arms Co., Int.
3-1*
LONDON STOCK EXCHANGE
March
8.13/14
8.22/22
8.01/01
13 off
May
8.01/03
3.10/10
7.87/89
.14 off
42
Republic Steel
18-1
July
7.83/84
7.00/91
7.72/72
12 off
1-4
Reynold Tobac. “B”
38-1*
Richfeld Ou
C'wealth & S. 8% eum pf.
65
7-1
(REUTER'S SERVICK)
London, August 31.
Spot
8.92
8.871
05 off
NEW YORK RUBBER
Consolidated Edison
29-1
Safeway Stores
42
Consolidated Of
7
Schenley Disters
10-1
Continental Can
39
Schenley, 51% pfd.
70
Continental Oil
22-1 Sears Roebuck
75
3
55-
Seversky Aircraft
3
5-4
Shell Union Oil
11
Curtiss Wright “A”
23-Bocony-Vacuura Ol
11-4
War Loan, $1% (Ted
after 1982)
901
Deere & Co.
17
Southern Pacific
11-7
Canton-Kloon Rly. 8% 12.
Distillers Corpn. Seagrams
14-1
Southern Rly $5 pid.
20-1
Chinese 41% Gold Loan,
Douglas. Aircraft
88-1 Sperry
42
1898 (Brit. Issue)..... 48
Du Pont de Nemours
163
Standard Brands
5-7
Chinese 5% Gold Bonds,
Eagle Picher Lead
7
Stand Gas & Elec.
Eaton Mfg. Co.
21
Standard Oll of California
Elec. Autolite
33
Standaril Oll-of NJ.
Opening
Elec. Bond & Share.....
7-1
Stone & Webster
London
0/3-1/2 Elec. Bond & Share $5 pt:
55
New York
Japan
8-1/4 25%
Elec. Bond & Share $6 pf.
63-Technicolor
India
... 19-3/8
Elec. Power & Light $7 pf. Patote
28- Texas Corpn.
17-1
Spot Sept.
Opening
0/4
Paris...
Hongkong
Open Market-Selling Bate
Closing 0/4-9/16 0/3-31/32 0/4-9/18-
... $2.54
Food Machinery Corp.
29
23-1/4
Gen. American Trana.
47-1
2015 Cent, Fox.
Gen. Mectric.....
35-4 20th Eent. Fox. $14 pfeny
Sterling
Gen Motors ...
40-1
Union Carbide & Carbon
Gen. Railway Signal
13-1
Union Pacific ...
Ballers
General Tire & Rubber Co 19-3
United Aircraft
alidden Co.
Goodrich (B.F.
15 194
United Airlines Trans.
United Corpn.
Goodrich $6 pt..
US. Dollars
Goodyear Tire & Co
8pot. $7-1/16
6-15/16
·Sept, ... Market: Very erratic.
Merchant Bates
Sterling, 0/4-3/8;
US Dollars, 7-3/4.
$8-1/32
Great Northern Iron Ore...
7-15/16
Great Northem Ely, pfd.
21-
US Rubber
Great Western Bugar
27-1
UB. Rubber $8 præ
Greyhound Corpn. .......
15-4
US. Steel
tecker Products .....
11-
Vanadium
Hercules Powder Co.
76
Warner Bros. Pict.
Homestake Mining
61:
Industrial Bayon
21
International Harvester Int. Nickel
49-1
87.71-
1.02 45,61) Jommodity Index 47.84
Barin Dona
CHINESE BONDS RISE IN VALUE CHUNGKING, Sept. 2 (Central) Arise in the value of the various Chinese National Honda, bas been registered on the Shanghal market. Recording to a Shaghat message.
British business circles in the city reveal that the value of Chinese bonds on the London mar
High
1039
14- United Gas Improvement 12-1
Westinghouse Elec,
Woodward Iron Cor,
Chase National Bank 48-1 National City Bank
bid
- dy DOW JONES"AVERAGE
Low Dow Jones Averages, 15485:191.44 30 Industrial
24222414 10 Raile 37.07 20.71 20 Utilites 95.23 87.640 Bonda
Sept. 1. 1939. Ang, 31, High Low Close Change 134.41138.08 197.51 125.85384 up
1925-47
Chin, 44% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
1912 .............. 21
Chinese 5% Rearg. Loan,
"1913TM (LAN"I)
Chinese 8% Bter: Notes,
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan.......aju
Honan. Rly, 5%
Hukuiang Rly, 6%, 1911. 13
Hakuang Rly. 5% 1911
(German Issão)
Lung Tring & U. Ha! Rly.
5% 1918
Shai-N'king Rly. 5% Tientsin-Pukow Rly. 5%
(Brit. Stpd.).... Tientsin-Pukow Rly. 5% *(Garman, Blyd.) ......... 13 Tientsin-Pakow Rly. 5%.
(Brit. Stpd. Bupl. Laan) 12 Tientsin-Pukow Rly. 5%.
(Ger. Stpd. Seph Loan) 127 Jap. 5% Bler. Loan, 1907 33
Jap. 6% Ster. Loan, 1924 39
Ger. 7% Ind. Loan, 1924 29 Chartered Bank
ELE. & 8hal Bark (Lda.
Re
26 10.99917 mp Chosen Corpo
48.79 22.90 23,59405 off Pekin Byndicat
88.611.30 off shai sled
61.80 3.96 up. what-Wata £80,000 shares
Rub. Plant. Invest. Trust Burma Corporation Commonwealth Mining, Marsman Investments. Randfontein Extates Western Holdings. Bub-Nigal
Tanamit Gold:
2-4
26
41-4
9-1
Swift International..........
28
--15-----
79.9 28
The following quotations are the middle prices at the closs of the market in London. All quotations are subject to confirma- tion and no responsibility is assumed for arrnes in transmission.
Union Insurance ------ Gula Kaluimpong Rubber &16. Allied Ironfounders
18 Asso. & Elec. Industries 39 Austin Motors, ord. 28/9
22
September December March May
18.75/80
-18.22/23
19.25/44. 18.85/19.14 17.90/90
18.15b
65 01
..... 18:18b
18.13b Total sales for the day:-3,640 tons -
18.83/19.10 17.88/90- 18.95/19.16 17.85b
28 01
30 'off
CHICAGO WHEAT
| Cable & Wireless, New »
Form, ord, ................
September December
77/18 75-7/8b." 73-1/2b78/784
48
May
744/741-791/791
761/781 77/767 T71/771
0-3/8 up
3-1/2 up
3-5/8 ub
B.-A. Tob. (bearer)
89/4
- Friday's
sales:-17,990,000 bushels,
Cammell Laird, ord. .. .. T/4.
Mexican Eagle
CHICAGO COBN:
5/3
Courtaulds
28/6
Distillers
95/9
Dunlop Rubber.
37-1
September December May
50/491
51/52)
491/401
0-1/8 off
48-1/8b
51-52
501/500
2-1/2 up
50-5/6b
53/63
2-1/2-up.
Gen. Hectric (Ligland) 75
Teres Gulf Bulphur ...................... Trans-America. Oo,
29
M
12
5-
15
28
13
80-1
94-1*
37
0-4 21
23
-United Corpn. #3 čumpf. 33-4 25-United Gas Corpn..
-13
2-4
Shel
Chinese En
བ བྷ༠༠ བས་བ ་བ ེབ་པ ིམ་ནན
Guinitess (2) Bon & Co.95
WINNIPEG WHEAT
Hawker Siddeley Airc........" 15/6 Bristol Aeroplane ........: 16/5. Imperial Chemical Ind. 29/3 Imperial Tobacco
128/9 Marks & Sp'cer "A" ord.: 50/44 101/3 Rolls Royce....
October December
640
65-1/8b
69/69 701/701
89b
May
88-1/2b
70-1/8b 73-1/26
Tup
up up
NEW YORK COPPER FUTURES
Leyland Motors ...............................-93/6- Tate & Lyle
Turner & Newall
02/0 79/41
September December NY.-London Cross Rate 4.25
9.81/88%
unquoted
9.88b/908
unquoted
9.91b/792. 10.00/01
11 up
4.20-1/4
NEW YORK HIDES
United Steel metro 23
Smethwick Drop Forg........14/9
Armstrong "Stevens, ord. 5/9 Pressed Bleel, com. Vickers, ord.
September December
11,850,
12.73/79
13.20/22
12.75/13:05
11.40 (11:74/80
18/6 17/1
Woolworths
-83
September
NEW YORK STRAITS TIN
50,00/00
unqnoted 50.750
Anglo-Dutch
22/6 26/6.
13/8 37/0
12/3
215
64. 67/8
83/1
Nominat
10 to 124
TO BE CONTINUED! TIN QUOTA RAISED
Jaircraft and LONDON, Sept. 2 (Reuter) It is Exports of British
aircraft material rose substan- oficially announced that the tin tally again in July, when goods quota for the third quarter has worth £623,530 went abroad, as been revised to sixty per cent., and compared with 2471 573 in July the same quota has been fixed for
the last quarter of 1999, fast year.
Aggregate value of aircraft ex- borta for the first seven months of this year reaches the new high level of 23,826,467, compared with
334-348 for the corresp period that year.