190
$80
$24
$3/9
Shells
19
:
19.80
$3
$1,480 H.K. Banks
£90 Do. (London)
211
Chartered Banks ...*** Loconatila Bka. "A"
£13 Maroantile Bka "C"
Bank of East Asia .....)
N. C. B. Banks.....
Insurances
Underwriteră comenzemana
Shipping
Dosglases esta
21stombustaman
Indo-Chinas (Pref.)
Indo-Chinas (Def.)..
Waterboat
15/6 Kalas
Raubs
Mining
Venezuela Gold Ella.
17 eta.Hong Kong Mines.......
Docks, Wharvas,
Godowns, etc.
H.K. & K. Wharves...
£111 £28 £191
$30
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Bayer Fliora
Exchange
البدا
Sharebrokers'
Association
Nomina!
FRIDAY.
Baywr
Sollers Sale Nominal
JULY 8.
Banka
#UIT!!
$1,480
£90
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices" were unchanged yesterday, the quotations remain. ing at 19 3/16 for Ready and 19 for Forward., Silver advices" re- ported the market 0.5 being steady with some bear covering. Speculators sold. A small business was done. American Silver was quoted at 42 3/4. for Spot.
FINANCE
NEW YORK STOCK EXCHANGE
High
+Through Reater's Service)
14.14 20 Utilitzen b2.70 83.39 40 Bonds
QUOTATIONS
Business Done:--8,770,000 sharer.
198...
July 8, 1938.
Low Dow Jones åreragos
July 8.
High Low Close Chang
138.53
98.94 50 Industrials
137.78
140u8 138,44 137,45 .33 off
3277 19.00 20 Raile
27.59
28,91 91,70′′ 17.93.
.34 up
$1.10
-9184 21.93 .15
.00 up
58.19
88.67
54.92 43.03 11. Commodity Index 30,48
60.30
40 up .38 off
1240
Canton Insurenom.......
$603
Union Insurances .............
· 321
3219
H.K. Fires
11
$235
The London/New York cross- rate was quoted at 493.42. New York/London was quoted at 493. 7/16.
STOCKS
Adams Express ...-...
11{
3605
Alleghany Steel Co.
181
Last Sale
7 July 6
111 10
STOCKS
Last Sale
July 6 7
38 39920
Quiet,
$75
190
$51
$24
09/0
$9
16/6
18
$3
26.36 334)
$103
$117 Shanghai Docks 8..... 13.90 Now Enginearings S.
Lands, Hotels, and Buildings
H.K. Hotels
H.K. Lands.........8.
Do. 4% Debentures
Slunghai Lands 8.
SILA
3125
$3.30
Providenta (old).....
#124) $7.40 "$3.30
$3.20
| Providenta (DAW)......
$20 $191
H.K. & W. Docks.
19
$194
Da (Dew)..
$19. $117
SHANGHAI MARKET
8.29/32 Nominal.
14
MARKET
STERLING
There were sellers at 1/2 31/32 July/September and 1/2 13/16 October/December, buyers at 1/3 Cash/September and 1/2 31/32 October/November.
U.S. DOLLARS... Sellers at 30, 3/4 July/August. possibly September and 30 11/16 October/November, buyers at 30 13/18 Cash/September and 30 3/4 October/November. Some business was reported at 30 13/10 for Cash. SHANGHAI DOLLARS
187 Nominal.
Amer. & For, Power Amer. & For. S pl. 241 Amer. Locomotive... 211 Amer. Metals Amer. Radiator
Amer. Rolling, Mill ... 204 Amer. Smelting ...... 511 Amer. Tel & Tel... ¡42 Amer: Tobacco "B" & Amer. Waterworks ... 121 Anaconda Copper... 361 Atchison, T. & S. Fe. 371. Baltimore & Ono...
Allis Chalmers
491
Amez. Con
100
100
5
378 151.
38
142
BO
91
Barnsdall Ol
181
Bethlehem Steel
612
Boeing Airplane Co. 281
Brooklyn-Manhattan
$8.30
$342
IN THE AFTERNOON
So cum. pr. Case, J.L......
The market was quiet in the Chesapeake & Ohio 311. afternoon
STERLING
28) 321 97
$102
$51
H.X. Berties
$9.30
$9.30
$94
Humphreys
i
stoð Chindau Estatos ..................
Cotton Ma
818
7
1
Ewas (S.)
875
$76
S'hai Cottons (8.).....
$24
$27
Zoong Sings (S.)
#12
$42
Wing On Textiles (8.)
Public Utilitles"
U.S. DOLLARS Sellers at 50 3/4 July/August" and 30 11/16 September/October.. buyers at 30 13/16 Cash/Septem-
Chrysler Corpn...... 677 Columbia Gas & E. B The market closed with sellers Columbia 6% "a" pt. 68 at 1/2 31/32 July/September and Commercial Credit... 42 1/2 15/16 October/December. Consolidated Edison 291 buyers at 1/3 Cash/September Consolidated 01 ...
Corn. Products
€61. and 1/2 31/32 October/November.
Curtiss Wright (C)) 5
201 Curtiss Wright "A"
+91 Douglas Aircraft ... Du Pont
1193
!!
101
$17.40
$171
17,30/3 5
| Tramways ca
$0!
Peak Trams (old).......
Faik Trams (new)...................)
$77
$21
$591
$18,10 Macao Electrics.
19
#
$9.20
Star Ferries
Y'mati Ferries C.R
Do.
$11.10 China Lights (old)................ 38. China Lights (new)............ B.K. Electrics.......
Sandakan Lighta
$28. Telephones (cid).....
Telephones (cew)......
$70
(new)
3214
$8
$11 10
$591
$94.30 89.10
ber and 30 3/4 October/November.
H. K. STOCK EXCHANGE
"YESTERDAY'S
OFFICIAL
Elec. Bend & Share
91
Elec. Bond & Share
$6 pl.
55
Elec. Power & Light
$T pl.
44
Gen. Electric
.42
Gen. Motors ....... 391
Gen. Railway Signal 201 Glidden Co.
Goodrich (B.F.) ...... Goodrich. 35 pt.
23 181
471
Goodyear Tire & Co. 241
24/8
24/-
Tractions
23/6
Tractions (prof.)
QUOTATIONS
Great Northern Rly. 211
Industrials
The market has shown general
Great Western Sugar 271* Hecker Products
&
114
Cad., Macg. (Ord) 8.
improvement during the week; Int. Nickel..
501
$14 Chid, Macg. (Praf.) 8.,
$1.80
$1.70
Canton lee
$16.20
$16.30
Cementa...
$18,20
$4,60 Bopom
#
the turnover was better and prices | Int. Tel: & Tel. ..... have advanced. The market closes Kennécott Copper steady with a healthy tone.
103
42
Libbey- Owens- Ford
Consolidated
BUSINESS DONE DURING
Glass ..
40
$8.60
13
China Prov. (old)......
$6.80
36.40
China Prov. (DOW}......
38.30
THE WEEK
Lockheed Aircraft
13
HK. Bank, $1460.
Loew's Inc.
510
7 8 8 8 8 8 8 752-68 3856°°??£**** • *=******* ̃ ̈ ̧¤¤ -¤a
487
Martin, Glen I. .... 241 McKesson & Rob-
bins, pt.
241
32
312
ŠATURDAY, JULY 9, 1938.
& CO.
PAYNE &
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
Monsanto Chemical 92
91
New York, July 7.
Montgomery Ward +41 Na. Dalry Products 154 Nat, Distillers
43
High
Low Close
16
231
22
New York Cotton"......... October 9.11
Nat. Power & Light
71
71
New York Rubber
Sept. 15.80
Nat. Supply Corpn. 201 New York Central...
19+
Chicago Wheat
172
.181
Chicago Corn
Sept. *Sept.
North America Co. 231
23
Winnipeg Wheat
October
Northern Pacine
17
11
Pacific Gas & Elec Pacifië Lighting ......“ 391 Packard Motors .... 54 Paramount Pictures 11. Pennsylvania R.H... 201 Phillips Petroleum 43
29
20.
.74
591 59 591 591 803 783 801 78
#
Prev. Today's
Close Change 8.94 9,07 8.94 13 of 15.31- 15.53 15:34 19 of 72+ 731 *728" 1 off
up 41 04
11
413
51
NEW YORK COTTON
11* 22
Close
Opening
Closing
Change
421
July
9.11/11
9.14/14
8.99/99
.12 of
60+
Public Service of NJ,
321
321
October
9.07/07
9.09/09
8:94794
:13 off
Pure Oil......
127
121
December
9.15/16
9.18/16
9.02/02
.13 off
"Radio Corpn. of Am.
7%
75
January (1939)
9.18/16
9.17/18
9.04/04
.12 of
Republic Steel
191
March 191
{
... 9.22/22
9.23/23
9.09/09,
13 off
Schenley
191
19
May
}
9.24/24
9.25/25
9.12/12
.12 off
Schenley. 3% p【d... THI
74
Spot
9.21
9.04
.17 off
B
JUN..
1181
Sears Roebuck ·001 Shell Union Ou.... 171 172 Socony-Vacuum Oli 151 151 Southern Pacific... Southern Rly $5 pid.
Standard Brands Standard Oll at N.J. 55 Swift International 273 Technicolor efficien Texas Gulf Bulphur 331 20th Cent. Fox Films 251
do. Films pt.
681
The First Notice Day for July Cotton is June, 28 with delivery date July 3.
177
17
NEW YORK RUBBER
181
181
a
8.1
July
15,48 N
15.24 N
.24 of
55
271
217
22
Septentber December March...
..
333
• May ...
15.53b/803 15.68/67 ... 15.76/77 15.86/86
15.75/74
15.34/34
19 off
15.83/80
15.43/46
23" off
15.95,96
15.47/48
29 of
.15.36/58
.30 ott
251
Sales for the day:
4.890 tons.
34
34
Union Carbide &
Carton
81
793
July
Union Pacific
80. 80
September
United Aircraft
28
28]
December
United Airlines Trans
81
92
CHICAGO WHEAT
713/717 731/73+ 731/74 751/75+
711/71
off
721/723
1 'of
76/761
743/748
off
United Corpn.
38
31
Wednesday's Sales:-
27,914.000 bushels,
United Corpn.
$3
cum, pf.
31
CHICAGO CORN
311
Un. Gas I'provem't 103
11
July
572/571
U.S. Rubber
394
38
U.S. Rubber pt.
.793° | 777
September December
US. Steel
60
B
Vanadium....... Warner Bros. Pict. Westinghouse Eléc. 991 Woodward Iron Cor. 161 Chase National Bk 331” National City Bank. 272° Schenley 51% DI
19
591 19
57/578 591/591 591/592 591/591 581/583 581/591 581/581
WINNIPEG WHEAT
à off
* up unch.
تون
981-July
98/98
17 327*
October
December
: 057/951 804/801 802/B0 781/79 781/781 7817781
21 of
11 on
*767/77
it on
267*
Call Money 1%
1%
September
Miscellaneous
$24
Dairy Farms...................
1231
Union Insurance, $5021.
I ex. div.
* bid.
NEW YORK STRAITS TIN
| NY Silver, Official
NY/Lidon Cross Rate... 4.94
43.60 N 42-3/4
43.75b/44.00
43.95 Nom 42-3/4
4.93-7/16
16.80 Ch. E'tainments........
10.65
41)
| Canstructions (old)...........
$1.40
Constructions (new).......
$8.70 Loan Crawfords...
Nanyang Tobacco
翻
$3.20 SIDCUS
$21
13.86
8.75/9
Watson
$6.70
717
Ch.G.5% 19250.$Bds
71%
ep
H. Govt. 4%, Losas
$106
om
H.K. Gori. 31% Logan $10N
$30
H.K. Wing On.
$45.
Bhai Wing On...
180
16 Vibro Piling.....
$6.40.
Hotels, $6.40.
Lands. $343, 134). 341.
70 cta.
Humphreys $91.
Realties. $53.
Tramways. $17. $17.
$17.30,
of the company announced.
$17.35, $174, 817.60.
| $13/6 | Märsmans Inv. (Lon.)
| $3/11 | Maramans Inv. (H.K.)"
170 sta
Wm. Powells
*Eales to Shanghai
LONDON EXCHANGE RATES
Parts
Geneva
Berlin
Athenis
Milan
Copenhagen
Stockholm
Shanghai New York
Amsterdam Vienna
Progue
Helsingfor
(British Wireless Service)
July 6
July 7
177-55/64 21.00
12.28
177-49/64
21.62
12.291
93-15/10
Steamboats, $21).
Wharges. $125, $1241, $1251. $125,
$125).
Docks (Old); $21.
Docks (New), $194,
Providents (Ola), $3,40, 53.30. Providents (New), $3‡, $3.20. $31. Providents (Old) Consol., $6,80,
$0.00.
Providents
PHILIPPINE
MINING NEWS
AGUSAN GOLD Mines, Inc. has placed an additional order for
(New) Consol, $81, equipment to start its mining
Star Ferries. $84, $77, 575, $77.
China Lighta, (Old), $11, $11,10, Electrics. $59).
Cements. $16.20., $161. $16.20. Dairy Farms. $24.
Watsons, $8.30, $81, $87, $8.90. Entertainments, $6.60.
3.13 pm. Changes (Closing Quotations)
BUYERS
H.K." Banks," $1480.
Lands, $342-
Realties, $5.75.
Trams, $17.55.
Ferries. $77.
Y. Ferries (Old), $23}. Telephones (New), $9,30, Cements. $161. Dairy Farias, $24.
રત.
4,945-6/10 3.981.
4.93j 8.951
142)
2261
Bucharest
33721
Hong Kong pers
Bombay
1's 5-29/32d
Mcntreal
4.98
4.971
SALES
Brussels
29.18
29.133
H.K. Banka, $1460.
Yokohama ............
Wharves, $1257.
Sellers
Buenos Aires
· 18.99)*
19.00.
Monte Video
201
19.
19
18-3/16
31% 1031..
19-3/16 34% 1031.
A.K
རབ་ན་པོའི་མཁན་
Silver (Forward).
Silver (Spot)
War Loan
DN LONDON:-
Closing Quotations.
July 8, 1938.
Telegraphio Transfer...
Bank Bills, a démaha J**fi
Credits, 4 months" sight 1/38
UN SHANGHAI :---
On demand......................
On New Form:
* Bank Bills, on demand. 30)
Credits, 80 days' sight .31
ON BATAVIA
Da denised.......
ON PARIS:-
50-7/10
Bank Bülla, on demasid 1,095 Crédits, & months' sight 1,180
ON SAIGON :~
Docks (Old), $21.
Providents (New), $3.20/25; Lands, $341.
Trams, $17,50/60.. Ferries, $77. Entertainments, $6.80.
SHAREBROKERS' ASSOCIATION
BUYERS
HK Banks, $1480, HK. Docks (Old), $20. HK Docks (New), $194,- Hotels, $0.40.
Lands. $341..
Trams, 3173,
109.
Electrics, 359).
On demand '................ Olt
ON SINGAPORE
'On demand
On demand
ON MARIA:
ON JAPAN
ON BANGKOK:
On demand
108)
Ox Impla
Telegraphic Transfer...
Bank, on demand -...
Jazk
Bar Silver, per os usin
On demand..... 149). Sovereign Notes
Bank Buying Rate...
Cements, $10k: Watsons, 48.80. Antamoks, 61 cts. ;. Benguet Consol. $16. SELLERS
1/2-1/18 Watson, $7. 18-3/16
operations in accordance with the recommendations of its mining en- gineer who
has arrived from Butuan, Agusan to lay out plans for its future operations, officials
STEEL WORKERS” STRIKE
French Police "Neutralise". Works
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE BUBBER
Paris, July 8. OCTOBER-DECEMBER
The striking.. workers of the JANUARY-MARCH
July 6
buyers sellers buyers sellers change.
231 24
25 254
251 251 up 11
281 282
37 271 up 1
The corporation besides its gold Longwy Steel Works occupied the claims is also owner of several '|| factory buildings yesterday so that Influenced by very arm conditions prevailing in New York the mining properties containing man- police were compelled to intervene. market opened 1 cent higher for all deliveries as compared with ganese, chromite, copper, molybde- The police "neutralised" the works Wednesday's closing rates. num, and iron which are now un- and forbade strikers as well as
Commodity and Security markets.
During the morning session the market displayed a strong un- der 'exploration. The firm has re-employers' representatives to enter dertone due to reports of firm conditions ruling on the American cently obtained an option on cer- the buildings. tain manganese property which is estimated by its engineer to con- tain a considerable body of ore.
PRUDENTIAL Mining Company, on the question of wages and a
The strike was proclaimed when negotiations for an agreement betitude of sellers. Business was transacted as high as 267 cents for It was very dimcult to arrange business due to the reserved 'at....
tween the workers and employers |
October-December options.
Inc. at the adjourned annual stock-collective agreement failed to pro- The afternoon session was quiet, with prices slightly below the holders meeting held recently, } ducë, any result.
|morning-rates on some speculative profit-taking. “
LONDON RUBBER
elected the following to compose. The management has decided to · Reports are coining to hand of the scarcity of offerings in Binga- the board of directors for the cur- close the works for the line being.pore due to the 45 per cent quota-allotment, estates in Malay ap rent year; Judge Antonio M. Opisso. ̧ The step has been received with parently holding for better prices. Advices from London are also Ignacio B. Opisso, Captain disfavour by the metal workers at bullish. Domingo E. Leonor, Dr. Ramon F. Lyons, and it is regarded as prob- Campos, and J. Woo, ··
able that they will proclaim a During the meeting the stock-general strike "and that buliding | holders learned that the activities Crade workers will also declare a of the corporation for this year. will sympathy strike-(Transccean). be concentrated on its Benguet. Mountain Province property. The balance sheet as of December 31, 1037 was also approved by the shareholders.
KEICHSMARK QUOTATIONS
Berlin, July 8. The Reichsmark was quoted, without guarantee, af:
New York. 40.23.
Paris, 1447.
Amsterdam, 72.875 to 72.925. London, 12.285. ****
Paris Sterling. 177.74 to 177.78 Paris U.S. Dollar, 30 to 30.01.- (Transocean).
HALES
Hotels, $6.40. Trams, $17/60/65. Antamoks, 80 cts.
Ban Mauricio, 70% cts. Benguet Consol, $16.
SUEZ CANAL STRIKE
Fort Said, July 8.
The strike of workshop employees
SPOT
...
OCT-DEC.......
JAN.-MARCH
Previous close Today's close.. buyers sellers buyers sellers change
7-1/4 7-3/8,
1-1/167-1/2
7-7/16 7-1/2 up 3/18
7-1/2 7-9/16 7-5/8
7-9/18 7-5/8′′ up 1/8 7-11/18 up 1/8
Market opened frm but eased in sympathy with New-York,
NEW YORK COTTON
16:
Early today, the market was moderately active, with consider- of the Suez Canal Company con- able evening-up' operations, taking place before the publication of tinues, but general working and the Government Bureau report tomorrow, Later, prices advanced on canal transit are unaffected.
the strength and activity of securities. There was some Trade There have hitherto been no in-and local Commission House buying, which met with active liquida- cidents. (Reuter).
tion and hedge selling. Thla caused a reaction and finally prices declined with stocks and increased liquidation. The market Was barely steady at the close.
NEW YORK "BURBER
The Kiangsu Provincial Bank, which was removed from Chin: klang to Bhanghai some time ago, has obtained a loan of $120,000
Prices reached new high levels early on owing to firm London from the four Government banks, cables and the strength on Wall Street. Trade covering and Com the Central Bank, the Bank of mission Housa buying further aided the market. Later, prices react- China, the Bank of Communicated on foreign selling, which was accredited to Dutch interests and tions and the Farmers' Bank of also on proft-taking and the market closed below the previous day's Ching states a message to the closing.
Standard.
This loan, which it
| secured on bonds and other securl-
ties valued at $250,000, will be used
CHICAGO WHEAT
The steadiness of Liverpool
forecast of, rains in the Win-
for refunding the depositors in the fer wheat belt and a better export inquiry imparted Armness, bank.
prices reacted, partially,
July 7
SPOT
251 251
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