4 at $38
23jola
48/11] Shella ......... $13 Waterboata
4ot $41 1740
120 ota,
12 t
Mining
Amtainoks
Balascos Baguio Gold Benguet Consolidated
"Do.
Exploration
Do. Goldfield ....
Gold Biver....
⠀⠀
Big Wodge!.......
13 ata 24 of.
12
Gold Creek............
824
Ipo Mining..
Itogons ***
23/6
Kailans 09394118116
#17
Langkats (single) 8.
15
Explorations..
$61
Shanghai Loans s
$13
Haubs
15
Venezuela Gold Fida. $41
Docks, Wharves,
Godowns, ets.
#111
H.K. & K. Wharves.
$1
50 cts
$141
Providents (old) ... $1.40
Do.
H.K. & W. Docks
S. Chius Motors 'A
(DOW)
Do.
"B"
***
*.
$118
Shanghai Docks 9.
$42.
New Engineerings8,
$319
Hongkow (old) 8.
$310
Do. (NEW) B.
Lands, Hotels, and
Sept. 12
Buildings
4
$6.65
H.K. Hotela
$5.35 $5.45
TI
$50
H.K Lands.......8.| $494
$27.
Shanghai Lands...8.
$14
Metropolitan anda..
$4.60
H.K. Realties.......................
Cotton: March
$4.70
Chins Do..........
Silk: December
1.11
$137
$10
$140
$20
Humphreys Socia New Asia Hote! Asia Realtic “A” N.
Do...
Do. Debentures Š.
Rubber: December
16.08
Close Open 10.30 11.00 11.30 Mid-day
5.00 5.01 5.011 5.01 5.00% 13.13 13.12 13.13 13.12 13.11 13.30 13.25 13.25 13.25 13.24 1.10 1.10s 16.00 15.97. 15.95
$9.80
Rubber: March
18.48
16.38 16.38 16.34
$40
Wheat: December
1.07
1.071 1.07) 1073
"B" 8.
Wheat: May
1.081
مداه *
$1,715 31,736 $1,795
£136 E13 230
£13
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Buyers Balleru Nadons (Noniinal
Sharebrokers'
WEDNESDAY.
SEPT. 12.
Bankı
H.H. Banka
Eo (London) Chartered Banks... Mercantile Bk. "A"
Do.
Association
Buyire Sulları
Baloz
1,720
C
SUR
Bank of East Aziz...
$89
N. O. & S. Bazka .......
3:0
Am: O. Fin. Corp: 8.]
£13)
$5,80
S
Ch. Fin. Corp. ORL 8.
Do Prof. 8.
35
Ingaranoes
$290
Canton insumandos...] $995
$850
Underwriters
$1.15
--- $1,15
Union InauragOSS ........
111
3540
$630
4
8810
China Firea..................
**
5240
H.K. Fires.....................
18
International Asson, 8.
- $2473)
14
Shipping
$10 Douglaseɑ ..................................
Steamboats
341)
330
Indoa (pre)
ze
$34
Do. (def.)
***
$650
17
$30
$35
47/8
#131
83 ota
HONG KONG DAILY PRESS, THURSDAY, SEPTEMBER 13, 1934.
NEW YORK S
YORK STOCK AND COMMODITY QUOTATIONS
AMERICAN ORIENTAL FINANCE CORPORATION AND S. E. LEVY & CO.
New York Sept. 11. The American Oriental Finance Corporation's report through their New York agents, Messrs. EA Pierce & Co.. states:
Stocks:-Without any important constructive news we think further irregularity is probable.
Wheat: Offerings were
light after early easiness, due to the Bureau Report below estimates. The Report. however. was bullish. The cash situation remains the strong and principal factor. The domestic and other erain markets were strong.
AMERICAN
TENNIS
Perry and Allison in Final
Forest Hills, Sept. 12. Stacks: There was some fur. Fred Perry defeated Kirby 8-2. ther liquidation, on lack of any 2-6, 6-4 6-2 and Wilmur Allison apparent improvement In the beat Sidney Wood 8-3, 6-2, 6-3, to strike situation or in general bust-enter the final of the American ness conditions. We continue to singles tennis championship. expect but little support until the market approaches much lower 630,000
Business done
levels. shares.
Bonds: Government issues were private off by point. High-grades were sloppy: blocks are coming in for sale with bids scarce and are about point down. Second-grades. im- proved towards the close, but were off fractionally on the day. Cotton: There was persistent Grains: The wheat market 15 Trade buying but foreign. domes-acting well on any broadening of tle and outside. Interests were Interest. Speculative buying un- small. Hedging was light and the" doubtedly caused good up-turns. basis continues strong. The mat- The Canadian crop estimate of ket acts well.
265 000,000 bushels was about as -Rubber:-The-market was quiet expected: but steady, with good support at 14 ot. around 16 cents for December. Dealers and a ring of operators continue bullish and we look for | higher prices.
New York, Sept. 11. Messrs. S. E. Levy & Company's report. through their New York agents, Messrs. White, Weld & Co.. states:-
46 ct.
$41
15 chín
***
12:0 $18 16 18
$12.90
***
+
$109
k
***
35 sts.
$2
$2
8:18
3142
***
!
Monday's sales 20,733,000 bushels. Catton:--Light trade buying is absorbing moderate and spasmodic hedges. There is increasing hope
of an early settlement of the tex- tile strike.
Allison beat Sidney Wood
in
straight sets to cause a big upset. After leading 3-1 in the first set, Wood collapsed before Allison's devastating all-round play, and did not lead again throughout the match.
to Woods' back-
hand, Allison followed-up to the
Driving deep
net repeatedly to secure points with well tucked away volleys. His play was featured by beautiful placements.
Perry strained a tendon in his the second set right ankle in
He was cool and against Kirby. collected, and directed his attack Mainly from the baseline,” al though he WLS most effective overhead when the opportunity occurred-Reuter,
M
Rubber:-The market is quiet. S. E. Levy & Co.'s
but irregularly higher prices are indicated for the near future. Busi- ness done 177 lots.
NEW YORK MID-DAY PRICES
The following mid-day prices were received on Saturday from New York by The American Oriental Finance Corporation and Mesars, 8. Levy & Co.
Sterling. N.Y.-London Coston: December
COMMODITIES
Sept. "11
1.08 1.08 1.08
Cables
The following cables were re- ceived last night by The American Oriental Finance Corporation.
American Weather Report. (New York, Sept. 12, 6.15 p.m.) Cotton: The weather in the Cotton Belts continues to be warmer while the South Coast is having light rainfalls. The re- mainder of the Cotton area generally is fair.
Grain:-The Southwest, North- west and Midwest are clear and warmer."
Canada is colder and frosty but the East is showery.
There are light rainfalls in the Spring
Investment Securities
Commodities
and
We offer you
Daily Quotation Service
and
Every Facility for
Trading through our New York Correspondenta E. A. PIERCE & CO.
American Oriental Fincince Corporation
Asia Life Bldg- 14. Queen's Rd., C.
Federal Ina, U.S.A.
Hong Kong.
Tel. 26631.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS-
BECURITIES. 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 FOR WHITE, WELD & CO., NEW YORK
7, ICE HOUSE STREET, HONG KONG
Tel. 30101 and, 30103
Tel. Address: Selco
NEW YORK STOCK EXCHANGE
THROUGH REUTERS
AMERICAN ORIENTAL FINANCE CORPORATION
AND S. E. LEVY & CO.”
QUOTATIONS
5,001 13.12
13.24
1.103 15.99
16.35.
1.078
1.081
Chinese Estateɛ.......
Corn: December
70%
80
BOL
Cotton Mills
Corn: May
82
$10.70
Ewoe......... $10.00
Winnipeg Wheat: May
891
14.
821 817
375
S'hai Cottons(old)S.
$44
Do.
news.
3723
STOCKS
$11
Zoong Sings..........§.
***
$114
935
Wing On Textilem(8.)
Amerkan Smelting
337
34
34 331
$5%
Public Utilities
Auburn
221
$20
***
| 201/13)
$15
Tramwaya
Poak Trams (oid).....]
$20.40
Consolidated Gas of NY. 26
$14
Du Pont.....
854
$7
Da. (new)...
36
El. Bond and Share
1681
Star Ferries
3100
General Motors
281
1212
Yatmati Ferries
$21
Int. Tel and Tel.
$1 .81
$8.45
372
Chins Lights (old).... +2}
38.10
$72)
H.K. Electrica *** $72
Do. (new)... $8.20
Loew's Inc.
201
$72)
McIntyre Porcu.
45+
525
18
$23.90
311
+
4/8
17/3
$10-
Macao do.
Sandakan Liglita .......
Telephones (ald)... $24
Do.
(now)... $11
$13.20 China Buses.....|
Tractions
Do. (pref.)... |
Industriais
Malabon Bugara
Montgomery W.
234
Nat. Distillers
131 191
N.Y. Central
Standard Oil Co. of N.J. 427
Un. Aircraft
201
U.S. Steel
137
327
$21
Caldbeck, (ord.) B.
$20
Macgregors (pref.}8.
2241
$2.60
$2.70
Canton Ices
Cementa TALKS $2.35
$31
Ropes
***
***
OF
$4
PATRIM
átiscellaneous
Dairy Farma...
Der A Wing....................|
Amusements ......
$24.901
131
$74
Cb. E'tainmente.......
$7.30
$150
Constructiona, (old) $1.85
78 ct.
Do.
(DOW) 75 sts,
$4.10
Lane Crawforda......
$4.10
#21
Mackintosha
$10
Biaceres
35.60
Watsons
110 $5.80
170 ets.
Wra, Powells
$2
M. Greyhounda
$130
S. C. Enterprises
887.
7.
perz
$74
מגן
104
$100 $101
certainty on Wall Street, but the Oct. technical position is considered Dec. sound. The possibility of a settle ment of the textile strike is more favourable. Demand for "Spot" has improved.
Sterling
Dec. May
Cotton: Small market with scat tered and. Liverpool sales being absorbed by trade.
4
Shanghai Dollars
110 7/16.
Shanghai Market Sterliny opened at 1/4 15/16 för
Nanyang Tobacco... $4.70
United Theatres........ §.
$1.30
Ch.0.19250.9 Bda. | 54′′
H.B. Govt. 4% Lhanı
-Do
21%
Wallace Harper.
H.K. Wing Oa 8'hal Do.
THE EXCHANGE MARKET
MESSRS, ROZA BROS.
LATE NIGHT CABLES
*The following cabled reports were furnished by Messrs. 8. E. Levy and Co. last night:
London Forecast
The Cotton market is expected to open sightly lower on generally warmer and more favourable weather conditions, disappointing 65 out. Liverpool cables and continued uni
AO.F.C. New York Cables Stocks: There were little offer- iniga at yesterday's lower limits
COMMODITY PRICES
New York Cotton
...New Yok, Sept, 11. Sept. 10
Sept. 11 Closing Opening Closing Oct. 12.94 12.98 12.09 13.05 13.05 Dec. 13.07 13:12 13.12 13.18 13.18 Jan 13.10 13.15 13.15 13.22 13.27 Mar. 13.16 13.23 13.22 13.30-13.30 May 13.23 13.29 13.28 13.36 13.36 July 13.28 13.34 13.34 13.42 13.42 Spot. 13.20
13.30
New York Rubber
15.77 unquoted 15.82 15,62 16.03 16.00 16.01 16.07 10.08 Jan. 16.15 16.11 16.11 16.19 16.19 Mar, 16.41 16.43 16.45 18.45 16.48 May 18.65 16.87 16.67 18.73 16.73 July 18.95 18.00-16.90 16.98 16.09 Total sales: 177 lots
Chicago Wheat
The possibility of a settlement
the textile strike favourable.
The demand for spot cotton has improved.
Market Reports
Favourable
factors before the opening of the market were:
1. President
and Roosevelt General Hugh Johnson have
од agreed
the reorganization formula of the NRA.
2. Steel news is slightly more encouraging, operations Ід
the Chicago district rising one point Le. to 24 per cent of capacity.
Unfavourables:
L-Labour troubles continue to be a very disturbing factor.
2.-The weakness in Government Bonds.
3. The success of the Demo- cratic party at the Maine elections is somewhat disappointing. being construed as an approval of the Administration's policles.
The market is quiet, with move-.
trend ments narrow and the chiefly upward.
U. B. Smelting issues rose one point. With
im buyers, however, timid the. mediate outlook remains uncer
and temporary recovery is possible. Sept. 105 1054 105 106 105tain and further indecisive move- Opening was mixed with light
ed steady for the greater part of the morning. Towards the tail- end of the market, however
the volume. robustness was not quite so ap- parent.
Belling were indicated at 1/64 at the opening with buyers at 1/8
A decline of 1/16. for both de- 13/16, but at one time 1/6 25/32 at 301 to a small extent. The liveries of Silver was recorded in appeared to be an acceptable rate market closed with sellers at 39 the London market yesterday. to buyers. Bellera, however, met 3/16 and buyers at 39 5/18 inclu- Ready to 21 add Forward to 21 buyers Ideas subsequently result-sive of October. 13/18. The market was not re-ing in a small business at 1/6 ported to have been in the mar-13/16 for the second half of Sep- ket, but support was given there-tember and for cash. The quota- to by India and for account of tion remained at this level for a speculators. "China was again a considerable time but at the close seller. The turnover, however, was of the market sellers did not ap- small and the closing tone uncer- pear so keen. The market closed. tain
with sellers at 176 25/32 for Sep-
Yen Merchants rate 1301
Guilders
50%
In New York Sterling opened at tember, 1/6 13/18 October with 5.00 and closed higher at 5.01% buyers at 1/6 27/32 including Oc-near and 1/5 forward, and Dok
Market
tober delivery. Somewhat uncertain at the opening but qubseuently followed the tone in Shanghai and remain
1062 106 106 107 1073ments seem to be indicated. 1071 107 1071, 1081 102)
The Air Reduction Company
Bendix Aviation
1.60 Borden Company
J. I Case
Canadian Pacific
Electric Power and Light... 0.40 General Electric 100 General Foods 1.00 General Motors 1.0% Gillette Safety 1.90 Gold Dut
0.60 International · Harvester 0.10 International. Nickal· ́
International Tel & Tel. 4.00 Liggett & Myeri""B": 1:00 Loew's Inc.
2.00 Me Intyre Porcupine
Montgomery Ward
Monday's sales: 20,733,000 bushels has declared their regular quar-1.00
Sept.
781 78 78
78158 Dec 79 781 791 792 797 May 81+ 81 81 811 82 Total sales: ... 8,974,000 bushels. Winniper Wheat
terly dividend seventy five cents extra, making one dollar and fifty cents in all
Daily average Petroleum produc- tion was 2,404,000" barrels against 2,442,000 barrels the previous week. The "Iron Age" "reports steel production at 19.6 per cent. com- Oct. 831 83 831 848 841
pared to 19 per cent the previous Dec. 842 841 844 851 951 week. There was a moderate ex-] May 898 891 891 89 89 pansion, especially from miscel- Janeous sources, but nothing re- New York Bugar
sembling a definite upward trend. Oct. 1,91 1.901.91 1.92 1.92
in buying was as yet apparent. Mar 1.901.88 1.90. 1.93 1.93 while there is growing evidence May-1951.93 1.94 1.88 1.97 of the depletion of consumer's Total sales: 21,000 tons
New York Slik Iars at 35 near and 35 7/16 for Dec. 1114 1104 1101 110111 ward Rates remained at this Feb. 1.12 1,10 1.10 1.11 1.11 U.S. DollarS Opening sellers 39 1/16, later 391 level throughout morning on a Apr. 112: 111 1111 111 1.11
Total sales:
175 lota and 38 3/16, and recorded business, quiet market.
stocks busing for replenishment purposes is still extremely can- tions. At the same time, demand from large steel users is now mainly limited to the construction business, which is still sustained by Federal expenditure,
0.40 Bocony-Vacuum Corp.
Southern Pacifio
United Air and Transpe United Corporatio United States Steel”. Westinghouse. E ̈ &‚M.
* | ដ | E | | | | | | |
LI
321
228
251 252
851 851
104 10% 101 104
281 284 28
81
8
261 284
235 231
19 191
- 201
207
428
421 42%
14 141
33
គឺទី៩ . ឌី ឌី ឌឹ ន ន ន ន ឌី គឺគឺនិទ្ធតួគឺ
80%
Belts Eastern Corbelts,
well 38 the
New York: September 11.
821
891 891 894
The forecast is for local showers generally.
London Forecast Of New York
1!
344
Market
222
258
26
852
10
281
.9
281
45)
The Cotton Market is expected to open slightly lower en generally warmer" and
favourable weather conditions, disappointing Liverpool cables and continued uncertainty on Wall Street," but the technical position is consider- ed sound..
Bilver, Official
Last Today's High Low Close Close Change New York/London Cross-rate 6.09 5.00 5.00 5.611 014 up Steady, New York Cotton-December: 13.19 13.06 13.07 13.18 New York Rubber-December 16.08 15.97 16.03 16.08 Chicago Whest December 1071 106 106 107 Chicago Corn --December 791
701 781 781
49ƒ 491
.11 ap
.05. ap
up"
up
t of
Dow Jones Averages, Higu—1833/341,Low: Sept. 10, Sept. 11.
Change
30 Industrials
110.74
50.18 80.26
89.25
.01 off
more
20 Rails
50.94
25.45 34.10
34.91
.11 sp
20 Utilities
-37.73
19.33 19.00
19.68
10% off
40 Bonda
05,48
73.31 91,95
9171
24 off
11 Commodity lodex
€65.43
41.98 82.70
63,24
..48 off
Div.
PIL. SH.
1933/34 HiGa
LAST BAL
Low
Sept. 10. Sept. 21.
241
3.00 Air Reduction
113 " 47]
$97
$97
191
of
more
8.00 Allied Chemical & Dye 4.00 American Oan .....
180
70)
127 128
1071
491
+961
St
211
431
14
American Radiator....... American Smelting..............
19
48
121
12
561
101
331
331
321
33
9.00 American Tel. & Tel 5.00 American Tobacco "B" 1.00 American Waterworks
1344
801
1112
113
941
60
744
742
131
151
151
Anaconda Copper Mining Auburn
22
15
114
B4
241
22
221
231
12
E
111
37%
18
214
24
103
30+
384
40
T
201
71.
13
131
0.50 Caterpillar Co.
33
01
24**
|1,41 Chase National Bank
1.00 Chrysler Motors
10%
22 bid 22 bid
eog
7
30% 311
3.40 Consolidated Gas of N.I.
Curtiss Wright
311
257 28
11
한국
21
.2.00 Du Pont de Nemours 3:00 Eastman Kodak
1031
391
853
85+
1004
051
Electric Anto-Lite Co......... 9% 8. Electric Bond & Share
31
22"*
221
10
48
20
101
154
4
.30)
174
18
10%
29
293
42
27
281
271
282
87#
111
11
467
171
174
19
248 241
218
24
244
990
82
*
96
97
181
251
26+
30#
227
231
"2.0 National Biscuit
Chicago Corn
hearte Corn
National City Bank
21
321 -321
20 bid 20 bid
1,20 National Dairy Products
251
10
16
National Distillers
181
414.
20%
N. Y. #Central
184
∙184
681
0.00 Otis Elevator......
20
201
.101
150
Pacific Gas & Electric ......
·141
14
Packard Motora ...............
-15
141 151
B1
VBC
Pennsylvania Railway
Radio Corps.
214
217
.3
Bears Hoebuck
12
192
354 30
133 ∙131
1.00 Standard Brands .....
11
378
161
174
132.
Standard, Guarantees maxísti 1.00 Standard Oil Co. of New
∙19
19
225
Jersey
50%
1.00 Texas Corporation.
019) Trans America
1.00 Union Carbide & Carbon 600 Union Pacido
-617%
321 32 301 314
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