$1,140 £19
£111 £28
£14
$86
#2
1135
$500
37
$320
875
320
331 #24
88/1+
$9.50
$14.70
$70
18′hai Cottons (8-) ..........
$70
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers' Association
THURSDAY,
Buyer
vliers Balor Nomissi
Buyer Baller Bains Nominal
JUNE 30.
12 11
3:41
$125
$197
$19
#1:
!!!
##
SIPI
$6.40
4342
$1000
$5.45
351
$3.30
Banks
$1,160 H.K. Banks ...................................
£89
£11
Do. (London)
Chartered Banks ...
B18 Mercantils Bka. "A" B18 Mercantile Bks. "C"
390
Bank of Basi Anda .......
N, C. & B. Banka ........-
Insurances
|Canton -LosurNDOSE, KAUN
$014 Union Insurances.
Underwriters
HK Fir
| Dougianos vien
#394 |Bigambonts
Indo-Chinas (Pra:-),
Indo-Chinas (Data)................!
$240
$8
$
$65
Shipping
$40
$94
86/1
Shell ..........
Waterbonta
Mining.
14/3
Kailana
***
Baubs
$8.90
⠀⠀⠀⠀⠀⠀⠀⠀L HIGH
!!!
...
14/6 #91
$3
201
$3.35
$19
***
$4
Venezuela Gold Fids.
19 cts. Hong Kong Minet......
Docks. Wharves,
Godowns, ota
1.K. & E. Wharre... $120
13.40 Providenta (old).........$3.45
$3.30 Providente (now)
H.K. & W. Docks....
Do.
$117 Shangbai Docks B..... $3.90 Now Engineerings 8.
Lands, Hotels, and Buildings
H.K. Hotala ............. H.K. Lands.........8. Do 1% Debeatæres Shanghai Landa 5.
JL.X. Beations
Humphreys «ERFORATSTERS.
$110 | Chinese Estates .......................
Cotton Mills
$14.60 Ewan (8.)
$8.35
#341
$108
198
SHARE MARKET
* REVIEW
QUIET MARKET
Another quiet week has been ex- perienced, but the general tone-nt the market continues steady al- though the amount of business transacted has been almost negligeable. Pricas, however, have! been well maintained in some
Trams continue steady and changed hands at $16.95 and $17 with further enquiries at $16.95. China Lights (c). advanced 35 cents to $11 After changing hands at $123 and $124, Wharves were wanted at $125. Méctrics yielded to selling pressure on a small scale and business was-re- corded at $59. Later, however, buyers again predominated and
wanted shares were
at $59+. Lands changed hands at the Im proved price of $35.
Hotels remain unchanged with buyers at $6.35 and sellers at $6.45. Providents, old shares, could be obtained at $3.45 and the new at $3.30. Telephones (o) were offer- ing at $27 and Star Ferries at $81. H.K. Bank shares chapged hands at $1,480 and Union Inlur- ances at $500,
Cold Mining stocks remain quiet and prices unchanged. Suyoc Consolidated Mining Co. has de- clared a dividend · of 1 centavo, payable on July 20.
MORE TRADE
PACTS!
FINANCE
NEW YORK STOCK EXCHANGE
1938
ル
(Through Rentar's Service)
QUOTATIONS
High Low Dow Jonas Average -188,33–98.25 -50 Industrials
88.77 19.30 20 Hail 99.90 16.14 20. Utilition
Allis Chalmers Amer. Can
Amer. Locomotive... 201 Amer. Metals .........
37 Amer. Radiator .... 15 Amer. Rolling Mill... 201 Amer. Smelting Amer. Tel & Tel... 143 Amer. Tobacco "B" 781 Amer. Waterworks 112 Anaconda Copper CAL 33 Atchison, T. & 3. Te. 351 "Baltimore & Ohio
Barnsdall O
Bethlehem Steel
Boeing Airplane Co. 281
401
26.89
242:00
July 3, 1938. - July 1.... "High" Low Dose · Chang 188,53 -13819 136 83-138.33 2,00 up 7.88 37.03 #7.87 .48 up 12.43 29.18 23.97 I up
91.70 83.39 « Bands
87.06
cases improvements have been re- corded
54.82 43.03 11 Commodity lode 50.30
.57.99 A up usquoted Business Dono:-1,170,000 shares.
MONDAY, JULY 4, 1938.
PAYNE & CO.
COMMODITY BROKERS #TOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
STOCKS
Last Sale
STOCKS
Last Sale
Adams Express ...................
July 1 2 114
July 1 2
111
Laew's Inc.
502
52+
Alleghany Ateel Co. 19
191
Martin. Glen L...
24
241
(THROUGH REUTER'S SERVICE)
491
407
McKesson & Rob-
991
1003
bine, $3 pf. ............................ 314
New York, July 2
Prev. Today's
312
Amer. & For. Power Amer. & For. $1 pf.
47
51
Monsanto Chemical 921
$4
23.
243
Montgomery Ward'... 437
443
New York Cotton
October
High
9.03 8.95 8.90
Low Close
Close Change
9,01 11 up
211
Nat Dairy Products 151
151
New York Rubber
Sept.
closed 15.35
371
Nat Distillers .........
221
231
Chicago Wheat
Sept.
151
Nat. Power & Light · 7ị
B
Chicago Corn
Sept.
751 581
751
741 1
of
21
211
Nat Supply Corpn. 20
201
Winnipeg Wheat
October
581 581 "837
582 closed
1 up
50
501
New York Central ...
183.
171
1434
North America. Co. 33
23
793
Northern Pacie
109
114
12
Pacific Gas & Elec 29
29
NEW YORK COTTON
341
Pacific Lighting
40
361
Packard Motors
41
52
Closs
Opening Closing
Change
13
8
Paramount Pictures" 11.
111
July ::
8.01 N
8.97/97
8.02/02
קס 11.
17
171
Pennsylvania RR....
191
197
October
8.90/91
8.97/98
9.01/02
11 up
601
621
Phillips Petroleum. 411
43
December
8.97/97
9.02/04
9.09/10
12 up
273
Public Service of N.J.
323 .. 33
January (1939) ..... 8.98/28
9.05/0
2.11 N
.13 up
Brooklyn-Manhattan
$6 cum. pi..... Case. J.I..... Chesapeake & Ohio 32 Chrysler Corpn....... 62)
Pure Oll
12
123
March
(") ...... 9.04/04
9.12/10
9.16/17
13 up
274*30
Radio Corpn. of Am.
7
#2
May
98 981
Republic Steel
191
20
Spot......
{") ...... 9.07/07
... 9,01
-9.12/12
9.18/20
סם 12.
9.12
.11 up
'321
Schenley
20
204
67
Sears Roebuck
671
681
date July 5.
Columbia Gas & El Bi
Bi
Shell Union Oli
181
163
Columbia 6% "A" pí. 68
671
Socony-Vacuum on
151
15
The First Notice Day for July Cotton is June, 28 with delivery
NEW YORK RUBBER
Commercial Credit... 39
41
Southern Pacific
161
.171
Consolidated Edison 231” 281
Southern Rly $5 pfd.
174
18
July
14.22/22
Consolidated Ol
93
101
Standard Brands
81
81
September
15.35/35
Corn., Products
651:
881
Standard Ou of N.J. 551
553
December
... 15.45/50
CLOSED
$24
$27
Zoonz Sings (8.)
Wing On Textiles (8.)
$42.
Public Utilities
Poland And Germany
Curtiss Wright (C) .5
5
Curtiss Wright "A"
201
Swift International 27 Technicolor
•
March
227
22
May
15.52/54 15.59/60
$18.00
$84
#18 90
Douglas Aircraft ... 487 Du Pont
501
Texas Gulf Bulphur 34
33%
Sales for the day:
1211
1214
20th Cent. Fox. Fims 23
24
:*:
Peak Trams (old)......
Tramways......
Paak Trams (new).........
Berlin, July 2 Simultaneously with the con-
'Elec, Bond & Share Mec. Band & Share
94
92
do. Films pf. 33
33 *
Union Carbide
&
Star Ferris......
Y'mati
Ferries C.R.$
941
Do. (now)
$211
$11
Chias Lights (old)...... $10.90
23
Chini Lights (now)...........]
359
H.E. Electric ..........
$59
18.10 Macro Electrics
Sandakan Lights".........
$17
-Teisphones (oid)... --- ---- -
Talophones (new)......
24/6
Tractions ..................
24-6
Tractions (pref.)
*****
837 $9.30
34/6
clusion of the new Anglo-German Economic Agreement, there was signed at the Foreign Ministry in Berlin yesterday, 21 economic | Gen. Electric. agreement between Poland ana Gen. Motors Germany and a clearing agreement Gen. Railway Signal between Germany and Switzerland. Gildden Co. ..............................
All three agreeemnts were macê Goodrich (B.P.) necessary by the incorporation of Austria into the Relch.
$ pf."................. 57 Elec. Power & Light
$7 pf.
571
Carbon ....
703
811
July
CHICAGO WHEAT
732/737
i
Union Paciée
33
829"
September
441
441
United Aircraft.
211
28
December
751/75/ 751/751 771/77
411
421
United Airlines Trans
9
81
Thursday's Sales:
774/771
28,808,000 bushels.
73/73 741/741 761/701
1 of
* off
371
*39 V
United Corpn.
3}
.
201
201
United Corpn. $3
CHICAGO CORN
24
231
cum. pi. .........
324
321
17
184
Un. Clas. I'provem"
111
114
July
571/67
Goodrich $5 pf.......
431
48
US. Rubbor
39)
30+
September
531/681*
58#/581
573/671 582/581
קנן
up
L
Goodyear Tire & Co. 221 Great Northern Rly.
244
US. Rubber pf:
79.
79
December
571/571
57#/572
58/58
up
..201
US. Steel
59
601
„Industrials
314
Cald., Macg. (Ord.) 8.
$14
CAML, Macg. (Prat.) 8. |
$1.70 Canton, Lee'
**
$1.80
Great Western Sugar 263 Becker Products Int. Nickel
27
Vanadium
18
18)
WINNIPEG WHEAT
74
.73
Warner Bros. Pict....
B
501
501
Westinghouse Elec. 99)
1007
July
102/102
$101 Cements
$4.50 Bop
Consolidated
16.80 China Prov. (old)......
$6.60 Chins Prov. (Dew)............
Miscellaneous
Dairy Farms, amati
$16.20
103
Woodward Iron Cor. 16
161
October
831/831
CLOSED
411
Chase National Bk. 321* National City Bank 271* Call Money
331*
December
911/811
1%
28* 1%
NEW YORK STRAITS TIN
September
ez diy.
• bid.
43.35 Nom NY Silver. Official ...... 42-3/4 NY/L'don Cross Rate... 4.95-11/16
..
CLOSED
• unquoted 4.95-11/16
18.70 Lane Crawfordà..........
$24
$231
$6.80 Ch. E'tainments. 411
38.55'
Construction (old).
$1.4)
Constructions (now)....
Nanyang Tobacco ......
$9,20 Sinceros
(5.30
Watsons
36:30
$87
Ch.0.5% 1995G.$Bdu.
6pz H.K. Govt. 1% Losas
68%
$106
3pm H.E. Gori. 34% Loans | $102)
$30
M.K. Wing On
***
334
B'hal Wing On....................!
Vibro Piling........
$5
170 cta:
+
$1/6 Maramus Inv. (Lon.)
3/11 Mariane Lav. (H.K)
70 eta Wm. Powells
LONDON EXCHANGE RATES
Parts
Genevi
Berlin
(British Wirelesi Sarrico)
June 29
July 2
177-29/32
177-57/64
21.614
21.601.
12.301
12.301
Athena
Milan
94-3/10
94-3/16
Copenhagen
Stockholm
Shanghai
New York
Arnsterdam
Vienna
Prague
Helsingfors Bucharest
Bont font Bombay
Montréal
Brussels
Yokohama
Sellers
Buenosaires
Monte Video
4.954 8.35-3/15
4.951 8.951
··1422·
220
6725
Vi
1/5-13/184
5.00
6,001
29.22
29.231
19
20+
Rio
Al
Hilver (Forward)
18-15/16
Silver (Spot) War Ioan
1D-1/16
31% 101-13/16
Closing Quotations
ON NEW YORK:
181.
19
Bank Bills, on demand 2011/16 Oredita, 60 đáyw' zighi 31-3/16
June 30, 1933,
ON-LONDON :-
ON BATAVIA:-
On demand
Telegraphio Transfer Bank Billa, on demand Credits, 4 months" sight, 101
ON SHANGHA
Od demand
On demand
ON SINGAPORE: —
ON JAPAN:
On demands
OF INDIAT-MARN
160 nom.
Telegraphic Traster... Lak
ON PARIST
Bank Bills, on demand 1,095 Credits, 4 months' aight 1,180 ON SAIGON
103
On demand
ON MANZIA I
On demand
ON BANGKOK ?----
On demand
Sovereign Notes
Bank Buying Rate......
- 1491
1/3-1/16 **TO-1/16
A PROLONGATION The clearing agreement with Switzerland is in reality a pro- longation of a former agreement, although with certain alterations. These largely concern provisions for the extension of German tour- ist traffic to Switzerland and the reduction of interest transfer in capital turnover to 3.2 per cent. In respect of private debts, as well as regulation of goods traffic be- tween Germany, and Switzerland.
The new Polo-German Economic Treaty also holds good for the free] city of Danzig-(Transocean),
ANY LETTERS FOR YOU?
Post Office Notice
L. H. Allen, Robert Anderson and Co., F. W. B. Andrew,
H. C. Chang (E W. Langdon and Co.). Mons. A. Chaudoin, Chung Nan Ying Hong.
Heinrich Danisch (Dealer in Birds), Gustav Diestel, Ralph Dietz,
Mr. Drouth,
LL Farnsworth, D. Fontana and Co., Frazar and Co., Ltd., Fryer Trading Co...
Hong Kong and Shanghai Trad- ing Corp., Mr. A. Howleson (8/5 Brighton).
Mme. Egbert Kahn, Miss Anna Koo,
R. N. Lindeman (Australian Petroleum Co.), Tiil. Fa, Lynn,
Quan Lee Shipbuilder. Robinson Music Co.. John H. Rose,
Int. Tel. & Tel... 10 Kennecott Copper... 40 Libbey-Owens-Ford
Glass
40 387 Lockheed Aircraft 121 131
Development Of China's Industries Inland
(FROM OUR OWN CORRESPONDENT)
Chengtu, June 23,
As a further sign of determination on the part of the Chinese people to carry their war of self-defence to the very end, many fac- tory owners in Shanghai and other coastal ports, now menaced by the enemy, have decided to remove their activities inland.
A delegation of 12 from East and South Chins ports, consisting of experts in manufacturing of Chinese goods, transportation, fac- tory planning, merchandising, and raw materials is now visiting Szechuen, after investigations into trade and commünications in bothi Yunnan and Kwelchow.
While in Chungking the open]
of
the
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
July 1 buyers sellers buyers sellers change
241 243 up 11.
BROT
OCTOBER-DECEMBER
JANUARY-MARCH
July 2
231 231
241 241
251 257
..247 25+
26 201
up 11 up 11
In sympathy with very steady conditions prevailing in London and New York the market opened one cent higher for all deliveries as compared with Friday's closing quotations.
↑
Throughout the session the market displayed a firm undertone due to the impressive action of the New York market. Demand for actual Rubber was very fair which also caused dealers and specula- tors to operate actively in forward options. Business was reported at 25 cents for October-December positions and at correspondingly higher rates for more distant options,
- Towards the close of the season the market became very firm. prices advancing by T cent or persistent général buying.
Closing tone was firm.
CONDITIONS STUDIED trade port in east Brechuen, the To transfer factories inland from delegation was given many cp- the qutports, the conditions of portunities to discuss their needs transportation and raw material and expectations with local om-supply had to be closely studied,
members cials and leaders of industry.{ according to Local assistance in the location of delegation.
Crude Rubber Brokers in New York are copadent of substan- factory sites in Ezechuen has been Since the Sino-Japanese conflict pledged by Chungking citizens. which has made Shanghat no tially higher rates in the future, particularly in view of the fact It is generally agreed that Sze-onger possible as a transhipping that numerous estates have sold forward for the whole of 1938 their sint, channels of communication full production based on a 80 per cent. quota, this means, that for chuen will be most available for chuen will be most suitable for for west China have been estab- the second half of 1938 they will be short 15 per cent, which will factory sites, because of its re-lished with the Canton-Hankow sourcefulness and improved high Railway via Wuchang and the China), Messra. Bilcomb and ways, in addition to the already Annam-Yannantu Hallway by way 50 Po Yin (c/o Messrs. Madier Ribet and Cie),.
existent of water-ways in all of Kunming and Haiphong in | Indo-China. The trade delegationi parts of the province. Tratímann and Co.,
1 arrived at Chungking the other' Yunnah and Kwelchow, while day from Bhanghal by way W. HE Webster, Messrs. The 1 Wharfinger, J. N. Wilson (e/o, rich in minerals, are not so favour - Hong Kong, Haiphong. Hanoi, Aerial Transport Co. of Stam, {able “ar, üzééhuen in agricultural Kunming, and Kwelyang. Ltd.), Wa Veng, Kec Paper Co..
"Yuen Kee and Co,
George Salle, C. L. Sharp, Profes- sor Shing (College of Dentistry
National Central University
REGISTERED ARTICLES Chen Wang Leing, Herrn. Paul Mertenaz, ....
Ban Miguel Brewery (Parcel); Tjen Ban Nele c/o. Fatoea Njau (Money Order).
of
Japanese reports from Osaka gay that for the first time in history, Japanese steamship line has sought admission into the power ful Atlantic shipping pool as the Osaka Shosen Balsha announced Its intention to operate a regular schedule between America. Europe
and
have to be purchased on the open market to fulall contracts.
8 POT... of OCT-DEC.
JAN.-MARCH
A
LONDON RUBBER
Previous; close buyers sellers
7-3/367-5/16 7-3/8 7-5/8- 7-7/16 - 7-9/18:
Today's close buyers sellers
NEW YORK COTTON
change
and forest products so much de- It is most unfortunate, accord atred for manufacturing purposes, ing to several, members of the besides communications there st|11|delegation, that persons in Shang- Early in the session, the market advanced in sympathy with the have to await for further develop hat are still quite ignorant of the strength of securities and better weather reports. However, there is ment...
progress recently made in
west some apprehension, due the more frequent mention of insect damage. Towards the close, prices rose further on Wall Street and Trade buying,
The delegation has made known China in trade methods and in that its main objects in visithig transportation in the way of rood the western provinces are to locate roads movement: From Chengt, sites for factories with view to easy the provincial capital of Szochuen, access to 'raw material supply and, there are publid highways leading at the same time, to acquaint the to the provinces of Kansu, Shensi. west China public with the pos- Hupeh, Hunan, Kelehow, Yun- sibility of native made products, ne nan, Skang, and Chinghal, some substitute for foreign goods. The with a little difficulty perhaps, but delegation paying particular most of the others easily.
Bome 50 factories from the lower attention to conditions in Kun- ming, Changsha, Kwelyang. Kwel-Yangtze are now being replanted
(Continued on Page. 13)
lin, Chengtu, and Chungking.
Market closed,
NEW YORK BUBBER
CHICAGO WHKAT.
Prices drifted down on useful rains In Western Canada and lower Liverpool cables. Expectations of a material increase in South- western receipts over the week-end checked buying. At the close. the market steadied somewhat in sympathy with Wall Street and
heavy unwanted rains in Nebraska.
No comments yet.
Private notes are available after approval.