1934-08-17 — Page 12

IZ

HONG

KONG DAILY PRESS,

FRIDAY, AUGUST 17, 1934."

3637

$1.30

Do

Insurances,

Canton Ipanmod65.)||

H.K. Fires

140,65 Douglass8 ******

£18

£30

£14

$36,80

3650 3840

$7 $30 $35 47/0 $131

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Buyate Sellers Valen Nominal

1,7151

Cranium inu anğır ubeuni

£1341

£15

£31

E13) 394

THURSDAY.

AUGUST 18,

Banka

H.K. Banks

Sharebrokers Association

Buyers Sellars

༄ent་་་་「#1,:0

bo. (London)... Chartered Banks

Meccantile Bks. “A

Du.

"0"

Bank of East Asia ..[

N. O. & S. Ban ke

$8+

10

Am O. Fin. Corp: 8.

+4

Ch. Fin. Corp. Ord. 8.

35

Pret. S

$199

! ! ! ! ! ! ⠀⠀⠀⠀

MUR⠀ mur

Underwriters

1298

Union Insurazioes ....

$1.25

$610

China Fires

$525 $635

1260

International Assos. 3.

Shipping

$414

#7

Stean:bouts

130

Indos (prof.).......

13.1-

Do. (ret.)

47/0 Shella

313;

Waterboute

Mining

39 cte. Amtarooks .....

Balatcos.

{44 cts.] Baguio Gold .....................

$40 Benguet Consolidated

Do. Exploration

116 at

20 ota.

Do. Coldfield

1 at..

12 ats.

Big Wedge ..........................]

13 ct.

24 ota.

Gold it ver........................

12

Gold Creek.....

ipo Mining.

36

Itogons

musta

93/11 Kailans *************

Langkata (single) 9.

Exploratiou....

Shangliai Loans

$13.40 taubs

113

Venezuela Gold Fide Docks, Wharves, Godowns, etá. H.K. & K, Wharret. Provider to (old)

Do. (new)

S. China Motors A

Do.

$118 Shanghai Docks S

New Engineerings.

Hongkowa (old) S.

Do.

(new) 8.

Lands, Hotels, and

Bulidings

H.K. Hotels.

H.K Lands.......... $58

31,60

$24.

11111*!!!

$361

521

$5

$8+

37

50 cts.

II.K. &W, Docka

38...

8319

$310

| 35.63

$52)

$45 314

$10.95

**

60 ots.

4 cts. 5412

22 ots.

27/- 3184

55

BI

$13 $6.80

$112

***

$1.85

46 ctx

314

201

$6.65 $5.56

Shangbai Landa....

Metropolitan Landa...

$137

H.K. Realties......in

China Do...........

Do. Debentures 9.

$10.40 Humphreys ........

New Asia Hotel Asia Realties "A" 8.

Do.

$140

Chinese Estates......

Cotton Mill

B' Cottons(old)S)

Do.

144

320

++

Ewca

B

$2 $9

8116 301

L

NEW YORK STOCK AND THE EXCHANGE COMMODITY QUOTATIONS

AMERICAN ORIENTAL FINANCE CORPORATION AND S. E. LEVY & CO.

New York, Aug. 15. The American Oriental Finance Corporation's report" through thelg New York "agents. Mesara, E. A Plerce & Co. states:-

!

of the American Telephone & Telegraph Corp., Texas Corp. and Safeway Stores, have been declar

ed.

1.

New York, Aug. 15. Messra. 8. E. Levy & Company's report, through their New York agents. Mears, White. Weld & Co.. states:-

MESSKS. ROŽA BROS. REPORT

Silver prices rose yesterday. 1/8 for both deliveries, Ready to 213 and Forward to 21 11/16. Ameri- can support continued as did also sales for account of China.

The market was steady with buyers at the oficial rates but possibly sell- ers a little over rates.

At the opening of the market in: New York Sterling was quoted st 5.08 closing a little under this rate at 5.072, but 5.0 was quoted' dur- ing the day,

Market

Stocks: The market shows nothing one way or another and we do not see how any reasoned opinion is expressible. These day

Strong under Shanghai Influen- ces and also as the result of special! to day movements are not of any Stocks: Trie market again lacks

cover in the market in 'the' shape great importance but there is some stimulus the prospect of inflation of Government Bills.. encouragement derived from the being no longer an immediate fac- manner in which industrial issues tor. The Government is now mov-

Sterung Opened at 1/6 13/32 sellers, 1/6 were held above, the October towing to combat the business decline 15/32 byers. Bustbess was done levels. It looks as though we must through stimulating the housing for cash at 1/8 15/32, 1/8 Sep- awat Fäll business signs before programme and expanding drought, tember and also November. 1/6 there is any possibility of a decent relief action, neither of which 9/16 October and second half Oc- guess of the trend of the market. plans will become immediately tober, 1/6 9/16 November 1/64

Wheat:-Prices continued down effective. The markets now face

cash and 1/6 17/32 October, clas- ward for the Afth consecutive day. a further dull perlöd, with sag.

ing with sellers at 1/8 15/32 Aug- The weakness of the foreign mar

ging prices and we would therefore October with buyers at 1/32 over ust, 18 September. 1/6 17/32 kets had a depressing effect and continue to accumulate stocks only these rates. induced further liquidation. Prices gradually. Business done 570.000 were erratic and easily infivènced shares by the Murray estimate which says that the corn crop has ex- perienced large losses since the Government Report of August 1.

Corn:-This market was in dependently strong at times." The decline in Liverpool was due part. ly to the reports of general rains In Australia and In sympathy with the recession of the American markets yesterday. Further irre- guarity may occur but we antici- pate resistance at declines. Some good buying" was in evidence at times to-day.

|

|

+

Bonds:-High-grades are strong, but quiet. The market for second- grades is slightly better.

Cotton:-Senator Bankhead is urging the raising of the value of the Government loan to farmers to 13 cents per lb, and is also re- commending the suspension of all processing taxes" during the tar- keting seasor This stimulated short covering and new buying and, if the Senator's proposals materialise, a higher market fa most probable.

Is

Wheat: Urgent liquidation ndw over and the grain markets are expected to act better. Tues- day's sales 43,418,000 bushels.

Cotton: There was a better de- mand, induced by talk of a thir- teen-cent loan basis. The weather In the west continues unfavour

Rubber:The outlook is still able. Sentiment was more favour uncertain, with American buyers able and on the constructive side. continuing to confine, their pur- We favour purchases

chases to immediate requirements. Flashes:-The regular dividends | Business done 321 lots.

COMMODITY PRICES

36.10

$10.40

345

New York Cotton

New York, Aug. 15. August 14 August 15

Closing Opening Closing Oct 13.33 13.33 13.34 13.47 13.48 Dec. 13.47 13.47 13.49 13.60 13.81 Jan.

13.52 13.52 13.52 13.65 13.85 Mar. 13.63 13.62 13.63 13.78 13.78 May 13.69 13.68 13.69 13.86 13.88.

13.75 July

13.78 13.78 13.91 13.01 Spot 13.45

S.E. Levy & Co's Cables

The

following cabled reports were furnished by Mesars, S. E. Levy and Co. last night.

M+

NA

$11

178) $43}

Daw). 8111 Zoong Sings ......S

172;

$63

Wing On Textilea(S.)

$86

Public Utilities

#21.10

Tramways... $21.10

$15

Funk Trains (old)...

37

Do. (now)...

$101 Star Ferries

3991

#21+

Taumati Ferries...

$14 $6

Barj

13.60

| $8,90

18.26

$714

New York Rubber - Sept. 15.47 15.47 15.47 15.48 15.48 Oct. 15.01 unquoted 15.60 15.60 Dec. 15.92 15.89 15.90 15.88 15.28 Jan. -18,01 16.00 16.00 18.00 16.00 $11.90 Mar. 16.30 16.30 16.30 16.28 16.20 May 16.60 18.56 18.55 "18.57" 16.57 Total gates

321 lots!

i

Is

$8.30

3241

*****

21

D/-

(Dew)

...

+

++1

China Lighte (old), 98.70 Do. (now)... 18.30 H.K. Electrica $71.40 Macao do.

Sandakan Lights...

Telephones (ald)

$11.80 Do.

...$23.90 $24.90 $24

$13.20 China Buses S

业

Tractions curs

Do (ncel)..

Industriale Malabon Sugars ... Caldbeck, Toni,) 2.

Cacton Ice

Cements

Hopes............

Miscellaneous

Dairy Farmana

Der A Wings...

Aminements

Ch. E'tainment.......

Constructions, (old) $185

Da,

(new) ots.

Lane Crawfords..... 14.20

Chicago Wheat Sept.

102 101 100 1014 201 104 104 103 103103 Dec.. May 108 107 106 106 108 Tuesday's hales:-

43,418,000 bushels

759-754 781 79 83- 831 24,883 000 bushels

1

111

..321

$19

Macgregors (prof.)8

$2.70

$21

›2.46

12,60

$4.60

$2.60

$41-

$254

$25.85

$1

$4

Sept

Chicago Corn 75174474}.

$7.90

+

78 ab.

$4.30

$21

Mackintoshs ............n

Dec. May Total sales:-

781 78 77 83+ 817 812

་་

Nanyang Tobacco... $43.

$10

Sinceres

$10

35.80

Watsons

$5.80

Ucts. Wm. Powells

$2

M. Greyhounds

55 cta

Oct.

Dec.

33

May

prem perma.

Da.

34%

Sept.

1.75

1.73 1.74

1.73 174

$71

Wallace Harper.

Dec.

$108

HK.' Wing Ou

ha Do.

150 $175

Mar, Total sales:

1.82

1.85

1.79 1.81

.1.83 1.84

$1

. U. Enterprisen... $1.26 United Thestras... 8,

88, Ca.G.5% 1925.Bda. 501",

H.K. Govt. 4% Loans 63%

N.Y.K. AMERICAN SERVICE

Tokyo Aug 8 The Nippon Tusen Kaisha has decided to assign the Nagara- maru, one of the six new vessels' now in course of construction, to the New York service in Septem ber. It is expected that the ship will leave Kobe on the 19th.

Fitted with Diesel engines, the Nagara-maru has a displacement of 9,000 tons, and its rated speed 1s 19 knota. It will cover Kobe- New York In 30 days and Yoko- bama New York in 27 days while the homeward run, will take 30 days to Yokohama and 36 days to

Kober

In the event of the six vessels being completed, the NY.K. service will prove a serious manace to the Osaka Shosen Kaisha which at

resent occupies an unchallenged Position in this particular line.

SIX HUNDRED MILES OF PIPE

For the Arst time oll that has travelled from Irak along a pipe through nearly 800 miles of desert has been taken away from the Syrian pert of Tripoli.

The organisation responsible for it is the Irak Petroleum Co. which has British, French, American end Dutch interests.

The pipe is buried in a trench throughout its course. It is a con finuous stretch of steel, except at the twelve pumping stations along

the route,

The line is a triumph of modern science over most intractable ground. It was completed about 18 months before the date stipulat

ed by the Irak. Government...

Winnipeg Wheat

872 86 85 871873 881 87 864 83 887 927 911 901 917 92 New York Bugar

1.81 1.81 185 185

17,000 tons

New York Bu

Sept. 1.121 1,124 1124 1:124 1.13 Dec. 1.16 1.15-1.16 1.16 1.18 Feb 110, 116, 117 116 115 Total Sales:

30.lots

OIL FUEL FOR JAPANESE

NAVY

F

WALLSTREET.

Steady movements and smallest fractional gains are predominat ing. In some quarters the opinion is given that the market is in a position readily to respond to constructive news, but little more than fractional gains seem dicated for the present.'

FAVOURABLES

U.8. Dollars

Selling rate 39. buying rate 30 leading to September business at 39; and also at 39 3/16 for, a special delivery late this month. SD, however, continued to be the substantial buying rate for near delivery throughout the with sellers at 39 1/16,

Yen

Guilders

1291.

56 possibly 561.

41

Shanghai Dolları 1104, business done.

morning

Shanghai Market Steady. sterling at 1/4 11/18 sellers, 1/4 buyers. Dollars at 35 5/16 sellers, 35 buyers and im- proving 1/8 subsequently.

IN THE AFTERNOON The market, was steady but on the quiet side in the afternoon.

Sterling

Sterling was done at 1/61 for September edlivery and Dollars at 39 for the same month. Closing tone, sellers of Sterling at 1/8 15/32, buyers at 1/6 including possibily September delivery: Dol- lars at 39 1/16. buyers at 391.

H. K. STOCKTM EXCHANGE

YESTERDAY'S OFFICIAL

QUOTATIONS

A large parcel of Lands is re- ported to have been taken off the market at $53 and there are no more shares to be had at the same ratë. A few stocks have slightly m-improved such as Providents and Government Loans and a small business has been done in Hotels, Cements, Lights and Untons.

SALES

The markets technical position considered a favourable. The opinion is given that in the event of indications of improvement of business in the autumn many of the leading stocks Took attractive around the present levels.

UNFAVOURABLES

-There is little follow-up on the buying side, traders are seeming- y waiting for some fresh incentive before increasing their commit- ments.

ין

LONDON FORECAST Narrow movements are expected on wallstreet. The uncertainty regarding the dollar is restraining trading.

On

the commodity markets higher wheat prices are expected owing to the government report regarding crop damage,

Cotton prices are expected to be higher.

Worth street is doing a good business.

Rubber prices are expected a little higher.

Unions, $535. Antamoks, 60 cts. China Lights (old), $8.80.

BUYERS Hongkong Banks. $1715. Union Insurances, $540. Ipo Mining. $24. Docks, $14. Providents (old), $1.60. Ewo-Cottons-6h1115 Hongkong Lands, $52). Chinese Estates, $85. Hongkong Trams, $21.15. China Lights (new), $8.30. Electrics, $71.

Singapore Tractions (Prec.) 17/-. 9.C. Enterprices, ́ $1. Constructions. (old), $1.75. Constructions (new), 78 cts. Govt. Loan (4%), 71% Prem. Govt. Loan (34%), 31% Prem.

SELLERS

Wing On Textiles. Sh. $55. China Lights (old), $8.80. Telephones (old), $24).

LATE NIGHT CABLES

London Forecant "Narrow movements are expect. WEATHER REPORT

ed on Wall Street, The uncer- tainty surrounding the dollar is More than enough of rain has restraining trading. On the com- been falling along the Coastal modity markets higher wheat Cotton Belt. It is a little cloudy prices are expected, due to the in the interior of the Westhaif Government statements concern- Cotton Belt and the adjacent Corning crop damage. Cotton prices The temperature in Oklahoma Street is doing a good business. Belt but the weather is still hot. are expected to be higher. Worth City is 104 degrees. The forecast Rubber prices are expected to be a

little higher."

Tokyo Ang. 8. The Imperial Navy is to hold a tender for 1,000,000 barrels (about 150,000 tons) of heavy oil on Fri- for 20,000 to 50,000 tons, and the day. Tenders have hitherto been present contract is the largest in bids will be $1,000,000. There are recent years. It is expected that is better locally,

six specified bidders viz, the Niss ho (Union), the Asano (Standard), the Mitsul (General), the Mitsubishi Associated), the Nippan Sekiyu (Texas) and the Rising Sun Fetro

leum Corporation.

The weather in the rest of the Corn Belt is now more favourable' and cool but unsettled."

There are definite, signs of a

North-west.

A.OF.C. New York Cables Stocks: There was a slight in crease in volume on price better- ment following a higher opening. Cotton:---quiet and steady mar-

new heatwave forming in the ket likely to do better on any im-

provement in outside demand..

Night Quotations

of New York Stocks and Commodities

Our offices are

open from 10 p.m. midnight,

until

every night except Sundays and New

York holidays.

The opaging. quotations of a selected list of New York Stocks and of Commodities will be received in, our offices at

approximately 15-minute intervala.

Thus, our clients have, on the same ersaing," quotations for the morning session of the New York Stock Exchange.

Advices of executions on orders placed during the night sess ons are received within the half-hour.

American Oriental Finance Corporation

Asia Life Bldg.

Federal Inc.-U.S.A.

Hong Kong.

Tel. 26631.

NEW YORK STOCK EXCHANGE

THROUGH REUTERS

AMERICAN ORIENTAL FINANCE CORPORATION

AND S. E. LEVY & CO.

New York: August 15.

QUOTATIONS

New York/London Cross-rate New York Cotton-December New York Rubber-December Chicago Wheat -December Chicago Corn --December Silver-Official

Last

Today's

High Low Close Close

Change 5.08 5.07 5,091 | 6,077, 18 off. Quist. 13.63 13.44 13.47 13.81 0,14 up 16.60 15.88 16.92.16.88 0.04 of 1 off (102) 1042 1034 104

79

771

781.. 79

of aff

493

498

Dow Jones Averages. High-1933/34 Low: Aug. 14.

3.00

J. I Cass

Canadian Pacific

0.40 General. Electric 1.80 General Foods 1.00 General Motors

unchanged

Aug. 15. Change

91.00 0.12 off 34.59

0.24 up 20:16 0.07 of

LAST BALE"

30 Industrial

110.74

50.18. 91.13

20 Rails

4

58.04

25.43 34,38

- 20 - Utilities 40 Bonds

37.73

19.33 90.23

56.48

73.31 92.20

92.54 0.34 up

11 Commodity Index

Drv. $ PIL SE..

65.55

42.98 62.58

65.55 0.01 off

1833/34

HIGH Low

Aug. 14. Aug. 15.

3.00 Air Reduction 8.00 Allied Chemical & Dye 4.00 American Gan ..............

112

471

$984

599

180

701

126

127

107A

49

971

4

981

American Radiator.......................... American Smelting.......... 9.00 American Tel & Tel..... 5.00 American Tobacco "B" 1.00 American Waterworks ani

เป

42

12

131

56

101

374

37

1344

1101

111.

941

751

76

17

17

43+

5

13

121

Anaconda Copper Mining Auburn

194

200

84

Bendix Aviation

124

123 »

23

25jxd

25-1

1.60 Borden Company

37%

18

40+

391

103

3ut

134 13

201

271xd 27+

0.50 Caterpillar Co.

Bg

24+bid 247bid

1,40 Chass National Bank

157

32

324

1.00 Chrysler Motorz

808

78

271

271

3.40 Consolidated Gas of N.Y,

848

311

- 27

21

J

Curtis Wright .....

Di

1

887

881

2.00

Du Pont de Nesiours

1031

321

98

981

Eastman. Kodsk

1002

48

171

181

41.

Electric Auto-Lite Co.

31

IU

12

11

6% Electric Bond & Share ............ Electric Power and Light...

48

41

4.

15%

મે

187

182

301

101

294

29

394

301

291xd

42

10

11

/ 11°

1.00 Gillette Safety

811

74

18

17

1.90 Gold Dust .........

12

281

284

0.00 International Harvester ·

27

0.10 International Nickal

48

131

257

254

29

91

210

901xd

96 bld.

998

26

281

38

B+

50

23

221

268

81

33

321

601

223bid 23 bid

1.00 National City Bank

-431

167

-171

190 National Dairy Products ...

-

National Distillers

254

101.

19

19

N. Y. Central .....

413

20%

211

21

14:

-0.00 Otis Elevator

141bla 15"

1.50 Pacific Gas & Electric

Packard Motors

25+

10-

15+

151

317

16

31

31

01

12

0.50" Pennsylvania Railway

221

22+

Radio Corpa.

49)

131

50*

51

12

3

347

342

Sears Roebuck

B11

0.40 Socony-Vacuum Corps...

Bouthern Pacific

121

15

15

.197

17

161

1.00 Standard Branda............

801

197

194

370

201

1.00 Standard Oil Co. of New

..

Jersey

BOT

443

·441

1,00 Texas Corporation

313

24.

(0.12) Trans-America

91

51

51

1.00 Unión Carbida & Carbon 6.00 Union Pacifie

617

414

41

123

97

United Air and Transport...

10%

954 18: 153

United Corporation-.. United States Steel Westinghouse E. & M."

071

331

334

581

321

International Tell & Tel.... 4.00 Liggett & Myers “B” 1.00 Loew's ILE......... 2.00 Me Intyre Porcupine.

Montgomery Ward

2.0 National Biscuit

Standard. Ga.........

H.K. SHAREBROKERS ASSOCIATION

BUYERS Hongkong Banks, $1715. Bank of East Asia, $84. Douglas, $414 Antamoks, 58 cts. Lands, $52).. Ewos, $11.10. Providents (old); $1.00. Providents (old), $1.65. Docks, $14. Trains,' $21.10. Ferries, $991

China Lights (old), $8.70.. China Lights" (new), $8.30.

Electrica, $714.

481- 471

Telephones (old), $24. Cements, $2.50.

234

Constructions (old), $1.65. Constructions (new), 75 cts. Lane, Crawfords, $4.10. Gold > Bonds, 86% ** Govt. Loan (4%), 74% Prem.. Govt. Loan 31% 21% Frem. B.C. Enterprise, $1.25.

SELLERS Antamoks, 80 cts. Hotels, $5.60.

· China Lights" (old), $8.80,

SALES

Unions, $535.

Lands, $521/53) Providerts (old), $1.65