1934-08-25 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers

Association.

FRIDAY.

Bayon

Lalkris

*alse

Nemina

AUGUST 24.

Bayern

Jallare

Bald Minn

Banks

H.K. Banks

$1735

£135

Bo, (London)

210

Chartered Banks .......

231

Sercantile Uks. “A“

***

£131

384

Bank of East Asia..

£18 £301 £15

$84.

$290

Do.

N. C. & S. Barke

Am. O. Fla. Corp: 8.

Ch. Fin. Corp. Ord. 8.

1

Do.

Insurances

$40.85 Douglasei ..............

Stean.bou.tx

断

100

19

$1,725

$5.00

37

$30 $36

47/6 $131

Prof. S

***

+

Canton lusurB2068,7

$1.30

Underwriters

$910

Union Insuranone

$1.20

$1.20

3010

*14

8040

$510

China Ficos

H.K. Firus

$248

International Auroe, S.

$230

6

Shipping

$414

17

580

Indos (pref.)

$33

Do. (dul.j...

46/3

Shells.....

$13;

Waterbouts

Mining

80 ola.

Amtamoka ....................

@ ata.

$361

Balatcos

44 84

Baguio Gold, ur: 41 ota.

Benguet Consolidated

Do. Exploration

120 ola.

Do, GoldBeld....

19 otu

Big Wedge........

124 ots

Gold Creek.....................

$24

Ipo Mixing..................

Itogons.........

£2/8

Kallans

$176

Langkais (single) S.

27/- $184

帽

Explotions...

ta

35

Shanghai Loans

18

$13.10 taubs

$13

$6.80

*umum mafurt

$1.60

$0.45 4021

181

**

(19 ch.

Gold River..................... 20 ats.{23 sts.

HONG KONG I DAILY PRESS, SATURDAY, AUGUST 25, 1934.

NEW YORK STOCK AND COMMODITY QUOTATIONS

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

New York, Aug. 23. The American Oriental Finance Corporation's, report through their New York agents, Mestra. A Pierce & Co.. atate#:--

Stocks: We still believe that the logical policy is to purchase on minor recessions,

Wheat: Moderate profit-taking and liquidation has continued in- termittently. Trade Was light. Near positions are continuing to resist declines, while Trades are awaiting developments in Wash. Ington.

.

Cotton:-Business Was small and largely of a professional char- acter, with the Trade the principal buyers. There was some hedging. The benefit to be accrued from the rains in the South-West is doubt- ful on account of their lateness.

Rubber:-The market was very Sut quiet and trading remained within a narrow range. Most of the buy- ing came from Commission Houses, while selling was scattered among dealers and local operators.

19 cts.

$112

45 ot-

116.80

32

38

SIIL

$14.60

3113

|50 cts.

Venezuela Gold Fids.

Docks, WharrON,

Godowns, sta.

H.K. & K. Wharvos.

Provident (old)...81.80 $1,60

Do. (New) *'**

H.K. & W. Docks...

S. China Motora 'A'

Do.

"B"

$117 Shanghai Docks S. $3 New Engineeringsd. $319 Hongkowa (old) B. (DOW) 8,

$310

Uo.

Lands, Hotels, and

Buliding

B.E. Realties.........

China Do.............d.

$137 Do. Debentureas.

New York, Aug. 23. Messrs. S. E. Levy & Company's report, through their New York agenta, Messrs. White, Weld is Op. states:-

assurance of the maintenance of the present Gold policy. We do not

belleve, however, that in Hationary sentiment has been per manently alde-tracked and we still favour metals and commodities stocks on any recessions. Bust: ness done: 750,000 shares.

Bonds:-High-grade

Fall issues were slightly better on short covering

bat bids were thin- second-grades continue strong and we look for higher prices. ⠀⠀⠀

And

LATE NIGHT

CABLES

The following cables were re- retved last night by Messrs. American Oriental Finance Cor- poration.

London Forecast Yesterday's gold shipment is ex- pected to dampen inflationary hopes. Therefore, we anticipate some selling which will cause Wall Street to open dull. We expect a two-sided market in Wheat. The frost is affecting the quality more than the quantity of the wheat crop. In cotton, a lower and undecided market is expected. Not much change is expected in ether markets.

A.O.F.C. New York Cables Wheat: The market was dull. Formation Liberty League has Apprehension. regarding frost potentialities of pressure on Ad- damage was offset by the effect | ministration, towards conservatism. of further heavy Winnipeg hedge | The opening volume was much selling. The American wheat less than recently. In the cotton areas need soaking rains badly. market, there were Liverpool and Receipts of Corn are decreasing.

modest trade buying which ab- Wednesday's sales: 25,586,000|sorbed small hedging and scatter-") bushels. Corn:15,590,000 bushels. ed selling.

Cotton:-There WES

fair volume of Trade buying. Many traders are convinced that the 12- cent loan is based on low middling Colton without staple require- ments, while exchange contracts af middling cotton of 7/8th of an inch will make material de elines unlikely.

14

Rubber: The market was Stocks:-To-day's selling of in-featureless. Buying by consumers flationary stocks was influenced by continues to be sporadic. Total Secretary Henry Morgenthau's re- sales: 248 lots.

NEW YORK MID-DAY PRICES

The following mid-day prions were received yesterday from New York by Messrs. American Oriental Finance Corporation and S. E. Lery & Co.

Sterling

H.K, Hotels....... $5.00

3:3

H.K Lands.........8, 352)

1621

$20

Shanghai Landa...8.

$14

Metropolitan Lands..

33.20

$10

Cotton: October Catton December

SIE

$10.40 Humphreya ma

New Asis Hotel

$10

$45

$140

Asis Resitis "A".

120

585

Chinese Estates......

Cotton Mille

Rubber: September Rubber December Chicago Wheat: Sept. Chicago Wheat: Dec.

1.032-

1.041

COMMODITIES

Aug. 23

Aug. 24 Close Open 10.30 11.00 11.30 Mid-day

5.08 5.07 5.07 5.07 5.07 5.07 13.24 13.21 13.20 13.21 13.22 13.24 13.39 13.3813.33 13.36 13.37 13.88 1.143

1.13B 1.13 1.12 1.1248 15.72 15.61 15.62 15.61 15.57 15.57 18.18

16.10 16.06 18.01 16.07 1031031 1.03% 1.031 104 1044 1.04 1.04%

1.04

Ewos

$11

.8$11.10

174

S'han Cottonsfold S.

Corn: September......

76**

ግቢ)

761

761

女

$72,

$451

Do

(new)S.

Corn: December

.773

774-78 78 781

*

Zoong Sings. S.

#111

Winn. Wheat: October

851

847 84*

78 843

:55

Wing On Textiles(9.)|

$55

Public Utilities

STOCKS

$20.70 ex div. 2017

Tramways.................----] 820,60|ox dir.

$15

Poak Trama (old) ...

314

Am. Smelting

381

381

38)

381

382

37

Da..

(new)...

$8.

Anaconda Copper

122

123 124 127

$2.4

$102 Star Ferries $984

'Auburn

231

23

23

23

23+

Taumati Ferries

活

Baltimore and Ohlo

167

$8.70 .38.30 $71)

21

Chins Lights (old)... 3870

164 187 161 162

J. 1..Case

421

421

421 42T

427

H.K. Electrica ...... $71)

$72

Consolidated Gas.

281

29

284 281

- 281

396

Macao do

Dupont

914

924

92

917-

917

$8

Sandakan Lights ....

Elec, Bond and Share

24/24/20

$24.20

MAPA

117

121B

12 B

12

114

$11.80

$11.90

General Motors

30%

30%

302

30%

301

$13.20

Inter. Tel. and Tel.

10

· 101

101

10

102

McIntyre Porcupine.

46!

481

47

471

17/3

241

241 241 241 25

201

204

$11

Malabou Bugar# ...

201 194 20

321

Caldbeck, Ford.) 8.)

N. Y. Central

221

221

221

221

23

$20

'Macgregorsf(prof.)8.

Socony Vacuum

151

15

15

15

15

$2.70

Canton Ives remain

Standard Oll of N, J.

45

45

45

45

45

32.45%

Cements *********** $2.45

United Aircraft

.141

197

141

147

24.25

Ropes

14.15

Miscellaneou

U. & Steel

341

347 341 347

35

$25

Westinghouse

*333

331 33+

331

THE

· Do. (now).. 88.30-

Telephones (old) ....

Do. (now) China Buses. E

8.

Tractions Beanie

✓Do

(pret.)...... Industrials

$25.70, Dairy Farma

Der A Wings..

Amusementais

#1

$74

Ch. K'tainments.

$1.0

Constructions, (old)) 31 65

78

$4.16

$21

$10

Sincerea

$5.60

Wats008

M. Greyhounds..

$1.30, | 5: C., Enterprinse

perm,

Do.

Lane Crawfords...

Mackintoahsini

Nanyang fobacco..... HI

70 cts. Wm. Powells................

19 118

310

$2.80

155 eta.

$1,30

United Thestras... 8,

88%. CL.G.3219250.3 Bdz 50%. prem. 71% H.8. Gort, 4% Loan

$73

81% Wallace Harper H.K. Wing On S'had

Do

Montgomery Ward

Natl Distillers

41

Dow Jones Ind. Average..... 94.05

1978

| 9 | 13

94.05

- ~ ~ ~ ~ ~ . ~ ¶ ¤ ¤ ¤T⠀⠀** (31)

79.5=÷777777

1074 107 106

108 108) Wednesay's sales: 25,586,000 bushels

Chicago Corn

7781 78) 761 781 761

卷

78) 78 771. 774

COMMODITY PRICES

May

4.10

New York Cotton

New York, Aug. 33.

August 22

August 23

Sept.

Dec. -

781 207 sales:

· 807 801 80 881

15,690,000 bushels

Winniper Wheat

84품 854

841 843

851 351

854 857

861 801

891

800 892

891 39*

New York Sugar 1.67

1.82

0120

$115

ון

Oct.

New York Rubber

را

S. E. Levy & Co.'s. Cables

The following cabled reports were furnished by Messrs. S. E. Lery & Co. last night...

American Weather Report All the Spring Belts and the Northern Corn Belt are having a cold snap with frosts. Probable damage is expected. A cold wave is setting along other parts of the Com Belt preceded by showers which are moving towards the coast.

||

The North-west Cotton. Belt is favourable. Texas is still torrid but the weather in North Texas is Hlable to be broken by part of the Northern cold wave. The remain- der of the Cotton Belt is very un settled.

on

Market Reports Favourable factors before open. ing of market:-The volume of business shrinks

reactions. The asked prices for seats on the Stock Exchange do not indicate any bearish opinion. "Interested buyers, generally, can offer within a reasonable distance of the pre- vious "sale price. However, the best offering for a seat at present is around $160,000 compared with the last sale price of $95,000.

Unfavourable Factors: The lack

of conviction regarding the busia- esa outlook, the unsettlement of the wheat market and the tax- drive on foreign operators in the stock and commodity markets.

The market is steady with movements mastly. confined to minor fractions in either way. The resumption of cautious trad- ing seems to be expected, awaiting taxable signs of business improve- ment and developments at Washington.

London Silver:-Spot: 21-9/16 (unchanged); Forwards: 21-9/16 unchanged.

London Silver Report:-America, India and Speculators bought Chiria sold, market steady,

Opening Bates

NY. Cotton: Oct. 13.21, Dec. 13.38.

Investment Securities and Commodities

American

We offer you

Daily Quotation Service

and

Every Facility for

Trading through our New York Correspondents

E. A. PIERCE & CO..

Oriental Finance Corporation

Asia Life Bldg, 14, Queen's Rd., C.

Federal Inc. U.S.A. **.

Hong Kong

Tel. 26691

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

F

SEOPRITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE," INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOE WHITE, WELD & CO., NEW YORK

7. ICE HOUSE STREET, HONG KONG

Tel. 90101 and 30103

NEW

YORK

Tel. Address: Selco

STOCK EXCHANGE

THROUGH REUTER'S

AMERICAN ORIENTAL FINANCE CORPORATION

AND S. E. LEVY & CO.

New York: August 13.

QUOTATIONS

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

Last Today's High Low Close Close Change 5.091 5.081 5.00 5.084 .01 off quiet 1341 13.88 13.31 13.39.00 up 18.24 1817 -16.24 18.18.00 off 100 103 1082 1043 1 of 781 77478) 77% 1 off

unchanged

491

44

* Dow Jones Averages, High=1933/84 Low: Aug, 22.

American Radiator....... American melting................

1.00 Borden Company

Canadian Pacific

401

199

37 off

.03 up. 1.93.of

LAST SATI

Aug. 93. Change

30 Industrials

110.74

60.16 94.32

04.05

20 Bair

20 Utilities

55.94 37.720

25.43 37.24

19.23 21.04

37.14 21.08

.10 of

.04 'up

40 Bonds

95.48

73.31 93.18

93.12

11 Commodity Index

65.45

41,98€ 69.33

62.11

Dry. #

PAR SH.

1933/34 Hrom Low

Aug. 22. Aug. 23.

3.00 Air Beduction

113

$991 " $99.

8.00. Allied Chemical & Dye 4.00 American Can ..............

160

701

1301 131

107₤

49

99

987

19

42

141 14

10

381 381

9.00 American Tel. & Tel. 5. American Tobacco "B" 1.00 American Waterworks'

1342

113 1123

942

77+ 767

43+

5

178 174

"Anaconda Copper Mining

Auburn

13

841

244

234

123 231

Bendix Aviation

234

131 st.

131

37

18

201

1031

43

201

71

144

0.50 Caterpillar Co.

33

28

140 Chase National Bank

25 bid. 25 bid

1.00 Chrysler Motore

8.

78

351

3.40 Consolidated Gas of N.E.

at

291

-

Curtim Wright

st

3

2.00 Du Pont de Nemours 3.00 Eastman Kodak ........

*1037

32

912

912

1004

48

100

21

311

8% Electric Bond & Share

117

48

9%

Electric Power and Light...

41

134

Vit

.a

0,40 General Electric

301

197

1.60 General Foods .....

201

30% .91.

1.00 General Motors

31

49

10

112

72

1.20 Gold Dust ...............

180

978

12

0.60 International Harvester

281

0.10 International Nickel

46%

261

International Tal & Tel

10% ··107

518

4.00 Liggett & hyers "B"

972

99€

1.00 Loew's Inc.

281

361

Hongkong Banks, $1740. Underwriters, $120.

2.00 Me Intyre Porcupine dane

Montgomery Ward

:

18

482

35

83.

25

2.0 National Biscuit.

609

31+

337

1.00 National City Bank

4X

107

23 bld 231bid

1.20 National Dairy Products

251.

10

171.

National Distillers

412

201

+23

"Hotels, $5.50.

N. Y. Contral mon

15

0.60 Otis Elevator

251

16

31

241

12

·371

154

201

181

MY. Rubber: Sept. 15.58/15.62, Dec. 18.08/16.07.

Chicago Wheat: Sept. 103, Dec. 1041/104.

Chicago Corn: Sept. 781, Dec. 778/772

Winnipeg Wheat: Oct. 851/247. N.Y. SIK: Dec. 112.

H.K. SHAREBROKER'S ASSOCIATION

BUYERS

Electric Auto-Lite Co.

100 Gillette Safety

ནཱཨྠརྡམོༀགྷgཡོཔྤཎྜཔའོགཧཱུྃ ཨྰཿཀྰཨྰཿནནྡསྶནྣ=īཨཱབྷིནྡསྶདྡནཱནཛཱ

ཊྛདྡྷེནཏྠ॰ ཏྠརོབྷཱཝིཏྟབྷཱཝརཏྟཾ

35

341

332

THE EXCHANGE MARKET

MESSES. ROZA BROS. REPORT

Sterling

Closing Opening

Closing Oct. 13.18 13.12 13.14 13.24 13.24 May Dec. 13.32 13.31 13.30 13.38 13.38 Total Jan. 13.37 13.35 13.35, 13.44 13,44 Mar. 13.49 13.47 13.48 13.55 13:55 May 13.56 13.55 13.55 13.56 13.58 | Oet. July 13.63 13.62 13.63 13.71 13.71 | Dec. Spot 13.30

13.40 May

Sept. 15.75 15.70 18.71 15.72 15.72 Sept. 15.91 unquoted 15.87 15.87 -Dec. Dec. 16.24 18.18 16.20 16.18 18.18 Mar. Was on offer at the opening of Jan. 16.33 16.30 16.31 16.31 16.31 Total sales: the market at 1/6 17/32 with Mar. 18.65 16.59 16.80 1857 18.58 buyers at 1/6 19/32 but the selling May 10.91 16.85 16.85 18.85 18.88 rate was eventually accepted" - by Total sales;—; 248 lots. buyers leading to business for cash

Chicago Wheat

1051

105, 104

at that rate and also for Beptem- ber followed by business at 1/64 Bept. 1044103 1031 for cash. At 1 pm there were Dec. sellers at 1/63 with buyers at 1/6 17/32.

There was no change in the

U.S. Dollars Spot price of Silver at 21 9/18 but Forward at the same price was Were dealt in at 391, for October,

1.68 167 1.68 1.00 1.761.74 1.74 -1.76 1.78

1.81 1.81

1.82 1.83 21,000 tons

New York Bilk

Sept.

1.11 1.11 1.11 1.11 Dec. 1.14 1.12 1.14 1.134 1.141 1031 103 Feb. 1.16. 1.15 1.15 1.15 1.15 104 1041 Total sales:A 123 lots...

<

Shanghal Market Sterling at 1/4:11/16 sellers, 1/4 buyers. Dollars at 35 sellers, 35 7/10 buyers, 35 5/16 buyers.

1/16 up. India bought and there 39 5/16 second half September 18. buyers, but receding ater to was also some speculative support and 39 3/16 for August, closing given to the market. China sold. with sellers at 391 and buyers at American purchases were reported 394 with a likely business rate at to have been small. The market 39 3/16. closed on the steady side but

without robustness,

In New York Sterling opened at

5.09 and closed at 5.08%

Market

Steady at a slightly lower level

12941

561-

Yea

Gulldern

Shanghai DoHara

IN THE AFTERNOON The tone was steady for the greater part of the afternoon. operators refusing to budge from quotations, but towards the last half hour the market eased to some extent.

Sterling Sterling was offered at 1/6 with 1107, 110 15/18, business done: buyers at 1/8 17/32. 1/6 was

1.12

eventually accepted for August. Dollars were dealt in at the mild- dle rate of 39 3/18 for delivery in August and September and later at 391. Sterling Anished with sell- ers at 1/6 15/32, possibly 1/61, buyers at 1/6 17/32 September. Dollars at 39 1/16 possibly 391, buyerg at 99. 3/16.

Shanghai Dollars The market was slightly easter in the afternoon, Sterling at 1/4 and Dollars at 35-3/16 and 351 sellers and buyers respectively.

Urilon," $545, Antamoks, $62. · Baguio Gold, 41.

Lands, $52).

Ewos $11.00. Providents; $1.50. HK Tramways, $20.50. Ferries, $091 Lights (New), $8.30. Electrics, $71. Telephones, (old), $24. Cements, $2.45. -

Construction (Old), $1.65.

Constructions (Now), 78 cts. Nanyārgs, $42,

Gold-$. Bonds, 88% Govt Loan 34% 2% 8.C. Enterprise, $1.30.

SELLERS

Unions, $555;".. Antamoks, $84. Cantons, `$2873..

1.40 Pacific Gas & Electric

Packard Motors

*0.50 Pennsylvania Railway

Radio Corpa,in

Bears Roebucke

0.40 Bocopy Vacuum Corpn.

- Southern Pacific"

1.00 Standard Brands

Ständard Ga

1:00 Standard Oil Co. of New

Jersey

1.00 Texas Corporation

0.12) Trans-America

31 102

244

1.00 Union Carbide & Carbon 18.00 Union Pacifo

617

182

United Air and Transport...

United Corporation

United States Steel

Westinghouse E. & H.......