1938-07-13 — Page 12

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Insurances

$240

$135

Chalon Insur LOCUL

$605

km Insurnaces d

$500

3/4

י.

Underwriters

MARKET

$22). (H.K. Fires

1920

Stagnant.

Shipping

$75

Doug DOS...

STERLING

#31

180

134

$1/10

Shells

Swimbaṇḍā ga

Indo-China (Pref.).

Indo-Chinas (Del.).

Waterboste

$20

801

Minjur

15/6 Kabins

Raubs

1.86

15/6

$9.65 $3

3120 $3.40 $3.30

Vanezuola Gold Fids.

teta. Hong Kong Mines......

PAGE 12–HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

14:yers

$1,400

Exchange

ellara Sales

£90. 218

TUESDAY. JULY 12.

Sharebrokers' Association

Hanks

H.. Banks..........

Do. (London) Chartered Banka ....

£28 Marcantile Rka. “A” £139Martile Bks. **C**

500

Bank of Basi Arin .....

W. C. & 8. Banks.....

Buyers Bellatr

Baion

Wolma

$1,200

£12 £29 £13

95$

THE EXCHANGE MARKET

MESSRS, ROZA BROS.

Suver prices were higher, over the week-end to the extent of 1/18 for Ready and 1/8 for Forward, the quotations being 19 5/16 and 19 3/16 respectively, Silver ad- vices, reported the market as being steady with some general buying. American Silver was quoted at 42 3/4 for Spot.

York

cross-

The London-New rate was quoted, at 494. New York-London was quoted at 495.

FINANCE

NEW YORK STOCK EXCHANGE

-High

(Through Reuter's Service;

QUOTATIONS

1918

Low Dow Jone Averages, 128.49 896 So Industriais:

33.77 149.00 30 Rxile 99.27 16.14 20 Utilitem 92.70 83.39 Bonds 64.92

July 9.

138.30

27.21

21.70

July 19, 1938, Higu. Low Ulose 136.78 133.07 134.68 27.28 £6.56 20.61 21.70 25.13 2193

Chang

1.81 off

70 aft

A off

88.84

45.09 11 Commodity ladex unquoted

$8.48 $9.99

.18 of

Business Doaa:-1,090,000 shares,

STOCKS

Last Bale

STOCKS

Last Sule

July

9 11

July

9 11.

Adams Express

11t

107

Martin, Glen L

261

251

Alleghany Steel Co. Allis Chalmers ....... Amer. Can

181

McKesson & Rob-

New York, July 11.

477461

bins, $3 pf.... 32+

311

Monsanto, Chemical 012

201 024 91/201

4751 $24

No business was reported There were sellers at 1/3 31/32 July- September and 1/2 15/16 October- December, buyers at 1/3 Cash and 1/2 31/32 October-December.

U.S. DOLLARS There were sellers at 30 13/18 July and 30 3/4 August-Septem- ber. buyers at 30 7/8 Cash-August and 30 33/18 September.

SHANGHAI DOLLARS

187 1/3 Nominal.

SHANGHAI MARKET Sterling. 8.29/32 Nominal. USS 13.5/16 Nominal.

IN THE AFTERNOON The market continued dull in the afternoon.

STERLING "The market closed with, sellers at 1/2 31/32 July-September and 1/2 15/16 October-December, buy ers at 1/3 Cash and 1/2 31/32 Oc- tober-December.

U.S. DOLLARS ·· The market closed with sellers at 30 13/16 July and 30 3/4 At gust-October, buyers at 30 7/8 Cash-August and 30 13/16 Septer-

Chesapeake & Ohio 31,

652 Chrysler Corpn. ...... Columbia Gas & El. Columbia 8% "A" DL. 687 Commercial Creat... 414 Consolidated Edison 282 Consolidated Oil ... 101

36 Corn. Products,

5.1 Curtiss Wright (C) Curtiss Wright "A" 221 Douglas Aircraft... Du Pont

New York Cotton

October

Amer. & For. Power Amer. di For. $T pt. Amer. Locomotive... Amer. Metals Amer. Radiator,

Montgomery Ward 43

New York Rubber

Sept.

221

Nat. Dairy Products 153

154

Chicago Wheat

Sept.

201

Nat, Distillers !.... 22+

221

Chicago Corn

Sept.

351 35

Nut. Power & Light

Nat Supply Corpn. 181.

Winnipeg Wheat

October 791

WEDNESDAY, JULY 13, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

New York Commodity

Market

(THROUGH REUTER'S SERVICE)

Prov. Today's High Low Close Close ChanSÉ

8.94 8.71

8.71 23 oft 8.86 15.18 14.80

.38 of 15.18b 14.80 72+ 713 72 72 + up

504 591

tup 781 791

-591 593

781

181

Amer. Rolling Mill... Amer. Smelting

191

New York Central... 181

171

478

North America Co. 22;

217

Amer. Tel. & Tel... 142

1,40

Northern Racine

111

101

NEW YORK COTTON

Ainer. Tobacco "B" 792 Amer. Waterworks. Anaconda Cuppe: ...

Pacific Gas & Elec 28†

28)

113

111

Pacine Lighting

402

40+

Opening

Closing

Change

331

321

Packard MotUIS .....

Atchison. T. & S. Fe.

373-

Paramount Pictures 111

101

Baltimore & Olo

Pennsylvania R.R......

211

July... October

8.98/98

8.90/90

B.74/74

24 02

8.94/94

8.85/83

8.71/71

29 of

Barnsdall O

December

9.03/02

8.91/89

8.78/80

2% of

183

181

Phillips Petroleum. 421

Bethlehem Steel...

591

Pablle "Service of NJ. 31

January (1939)

9.02/02

8.89/90

8.78/80

24 of

301

March

9.08/08

8.95/97

8.85/85

.23 of

Boeing Airplane Co. 30

30.

Pure Oll

121

May

... 9.11/11

8.97/98

8.87/88

24 of

Brooklyn-Manhattan

Radio Corpn. of Am.

$6 cum. pl. g. 331 Case. J.L

324

Republic Steel

181

Spot

9.03

8.79

24.oft

931*

Schenley

181

194

The First Notice Day for July Cotton is June. 28 with delivery

Schenley, 51% prd...

date July 6.

637

Sears Roebuck

671

657

Shell Union of....

16%

161

NEW YORK RUBBER

667

Socony-Vacuum Oil

151

.. 15

July

15.09 N

1473 N

36 of

401

Southern Pacific

181

161

September

15.16b/20 15.18 18

14.80/81

38. off

Southern Ely $5 pid.

172:

December

15.27/27

15.20/15.

Standard Brands

March

68A

......

Standard Oll of NJ.

554

541

May

15.28b/31a 15.35 N

15.20/19

14.93/B5. 15.00/02 15.05b/10a

34 "OI

28 of

30 of

"Swift

International 26%

274

Sales for the day:

3.790 tons.

221

Technicolor

22 224"

501

Texas Gulf Sulphur. 331

331

. CHICAGO WHEAT

1181

1182

20th Cent: Fox, Films 25

244"

Elec. Bond & Share

Films pf... 34*

341

July

"702/701

Elec. Bond & Share

Union Carbide

September an December

72/721

74/741"

$8 pt.......

552

Carbon

BOI

Elec. Power & Light

Union Pacific

773

Saturday's Sales:-

72/721 -742/744

14.968,000 bushels.

711/714. 721/72}

+ up

» 742/747

+ up

$7 pf.

401

United Aircraft

281

231

CHICAGO CORN

Gen. Electric

401

United Airlines Trani 101

107

Gen. Motors

394

372

United Corpn. b...

31,

*་ ་*

Gen. Railway Sigrial 201

191*

United Corpn. $3

Glidden Co. Goedrich (F.) .....

48 Goodrich $5 pf....... Goodyear Tire & Co. 231. 1. 223 Great Northern Riy, 201 Great Western Sugar 27

221 171.

201

cum. pf...... 31

301

Un. Gas Iprovem't 101

July September December

$77/57$

.58/58

591/591

581/58

581/581

591/592 587/59

10%

U.S. Rubber

*37)

361

WINNIPEG WHEAT

US. Rubber pf.

763

..75%

101

US Steel

STI --551

July

981/981

Vanadium

181

171

Hecker Products,

Warner Bros. Pict....

October, ... December

781,'70

79,791

401

421

Westinghouse Elec. 981

972

101°

Woodward Iron Cor. 101

104

1.277/77**

NEW YORK STRAITS TIN

774/771

1011/1011 791/791 773/773.

t-up up

397

382

401

301

Chase National Bk. "331* National City Bank 26* Bechenley 54% pr.

33**

257. September

131

Call Money

NY Sliver, Official NY/L'don Cross Rate

42.90 N 42.55b/43.10g 42-3/4

42.95 Nom. 42-3/4

4.93-3/4

· 4.92-3/4

· 501

̈t ex. dlv.

• bid.

6342 $13

#it #k

$201 1

$117. Shanghai Dooks B..... $3.90 Sew Engineeringa 5.

Lands, Hotels, and

Buildings

H.K. Hotela

H.K. Lands.........3.

Do, 1% Debentures

$8.40 Shanghai Landa B.

Docks, WharTES,

Godowan, ate.

H.K. & K. Wharva...

128

(3,40/45)

Providenta (old)....................

$3.40

$3.42+

Providenta (Bow).......

$2.30

H.K. &W., Dooks....

(now). Do

$31

$20.30 #174

10.45

$6.45

334)

$109

Let

$585.

$1.85

HK Raalties

19.3

$8.30 Humphreys ................

1100 Chinese Estates........

Cotton МП

$15.2 Ewos (8.) ..........

380

Bhai Cottons (8.) .....

327

#42 Wing On Textiles (8.)

Zoong Sings (8.) .....

Public Utilities

17.45/5) Tramways ............

#174

#31

$74

Peak Tranis (old)...... Peak Trans (new).................. Star Ferries estremecen

કર્

ber.

178

1241

241/501

I'mati Ferries C.R.$

$94.6)

Do. (new

કરાન

$11

China Lights

(old)......

+359)

China Lights (new)..... H.K. Electrics ..........................

811 18

#692

$18,10 Macao Electrics.......

Sandakan Lightă................ 391

女

$26.40 Telephones (old)....................

Telephones (new)...... 89.40

24/ "Tenchions ................

23/6 Tractions (pfet.)

言情

914

Industrials

Cald., Macg. (Pral.) 8.

Cald., Macg. (Urd.) B.

$1.70 Canton Ices

Comenta

24/0

$15.40

$0.80

6.60/90

$6.60

$24.

116 4U

$4.60 Bopen

Consolidated

Chine Prov. (old). 560

81 80

માં..

$6.85

China Prov. (new)..............

Miscellaneous

Dairy Farma.

$241

***

$0.80

$8.6

Ch. E'tainments

Constructions (old)...........

$8.70 Lane Crawfords.........

Nanyang Tobacco ................

$2.20 Sinceres

Watsons

7 Ch. 0.5% 19250.#Eds.

$6.60

#14

Constructions (new)..

11:40

16.85

72%

6fpa HK Govt 4% Lowas

$100

3pm H. Gort. 31% Logas | $109

H.K. Wing On..........

S'hai Wing On....

338 0

$61 Vibro Piling

$137. Marimana Inv. (Lon.)

$3/11 Marsmans Inv. (H.K.)

-14

70 ct. Wm. Powells

LONDON

70 cta

EXCHANGE RATES

(British Wireless Service)

H. K. STOCK EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

Demand for shares continued and although Buyers, raised their bids Sellers showed little or no in-

clination to trade.

Market closed steady, and with Sellers holding off, the volume of business transacted during the day was somewhat restricted.

BUYERS 2

HK Bank. $1490.

Union Watercoats, $9.

H.K. & K. Wharves, $127.

Providents (Old), $3.45.

Proy (New), $3.30.

Raubs, "$9.65.

Venz. Goldfeld, $3.

H. & S. Hotels, $8.40...

H.K. Lands. $343.

H.K. Lands. 44 Deb., $1034. H.K. Realties, $5.90. Peak Trams (Old). $61. Star Ferries. 78.

Yaumati Ferries (Old), $24į. Yaumati Ferries (New), $221. China Lights (Old), $10.90. China Lights (New), $8. H.K. Electrics, $60. Telephones (New) $94. Cements, 318),

Dairy Farms, $241. Consol. Ch. Prov. (Old), $8.90), Consol. Ch. Prov. (New), $6.60. SELLERS

H.K. Docks (Old), $211; Watsons, 16.85.

SALES"

July 7

July 9

Parls

Geneva

Berlin"

Athens

Milan

Copenhagen

177-55/64

21.60

12:26

178-29/32 21.00 12.281

93-15/10

931

Stockholm

Shanghai

81d

New York

4.034

8-13/154 4.94-1/16

Amsterdam

8.951

8.95£

China Underwriters $21. Douglases, $85,

Bucharest

Vienna

Prague Helsingfors

Hong Kong

1422

142

2262 *6721

Providents (Old), $3.50.

Bombay'

13.5-29/32d

EK. Mines, 8 cts:

Montreal

Brussels

4.971

HK. Lands, $35.

29.134

29.194

H.K. Tramways, $17.45/50.

Yokohama

Sellers

China Lights (Old), $11.

Buenos Aires

19.00-

18.98

China Lights (New), $. ___

Monte Videa

201

Consol. Ch. Prov (014) 7.

Rto ...

(Prices below in Phil. CurrEN67)

Stiver (Fargued).

19-3/16.

19-3/18

19-5/18

34% 1081.

HK. Docks (Old), $211/ł.

Int. Nickel

Int. Tel. & Tel. Kennecott Copper. Libbey-Owens- Ford

Glass Lockheed Aircraft Loew's Inc.

RAUB MINES WORKING

The Raub Australian Gold Min.

ing Company's statement for the quarter ended. May 21 is as fol- lows:--

BATTERY Tonnage of Ore raised. 14.885 tóns: No. of Ounces of Bullion pro- duced. 4.896 ounces: No. of Dunces of Fine Gold recovered. 4.677

ounces.

RE-TREATMENT PLANT

No. of Tons treated, 19:107 tona; No. of Ounces of Bullion produced. 2.330 ounces; No. of Ounces of Flue recovered, 1,299. ounces:

Gold

BRITAIN'S

INTEREST IN CHINA

RAILWAYS

Jeopardised By Japanese Action

London, July 12

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE RUBBER

July 11 buyers sellers buyers sellers change

247 25

SPOT

OCTOBER-DECEMBER

| JANUARY-MARCH

July 9

242 25

unch."

257 264

252 261

281

unch. 26+ 281unch.

The market opened with prices agchange from Saturday's clos- ing quotations with a quiet undertone."

After the opening the market was stagnant due to the reluc- Li the House of Commons yes-tance of dealers and speculators to operate in iiew of the London

(Con-and New York Exchanges having been closed on Baturday. terday Mr. I C. Hannsh Tervative) drew attention to the

Later in the session, however, easter conditions prevailed on the fact that the Japanese Govern-announcement of Dealers Stocks in the Strait Settlements amount- ment has presented basic shares ing to 48,841 tons at the end of June as against 44,583 tons for Value of Gold from all sources. in railways in north and central May. Prices registering a decline of 3/8 cent for all deliveries. £41,966 Sterling; Working Costs, China to Japanese charter com- €26.258 Sterling: Capital Expendi-panies, the value of the shares be- ture (special). N: Mine Pront for Quarter (subject to Depreciation).

£15,708 Sterling.

TIN PRODUCTION RESTRICTION

London July 12.,

Closing" tone was quiet...

The market appears to be anxiously awaiting UB.A. consumption ng 38,000,000 yen,

Mr. Hannah urged the Britiahngures for June, to be published shortly. It is expected, that Government to protest against the the market will advance substantially until this figure is known, al- transaction, in view of the fact though brokers generally feel confident that June figures will show

would that such shares

have improvement over May. priority over British capital invest-

ed in the railways in question."

The Under-Becretary for Foreign Afairs, Mr. R. A. Butler, replied

The International Tin Commit- that the Japanese charter com-

Yaumati Ferries (Qld), $241/60.tee published yesterday the follow-panics would not be formed until 20T

ing export agures in connection October, and quoted a Japan-COT.-DEC.. with the plan for a restriction ese presa report that the draft JAN.-MARCH

LONDON RUBBER

Previous close

Today's close

buyers sellers buyers. sellers 4-1/4

change

7-3/8 7-3/18 7-1/4 ·0# 1/15

... 7-3/8 7-1/2 7-5/18 7-7/16 1/18 7-7/18 7-9/16 7-3/8 7-1/2 01 1/16

during May 198s of tin-production articles of the association provid- After ruling steady, the market became dull in sympathy with

in the countries concerned:

Netherlands East Indies, 1829

tons

Japanese for the

Goy the American market.

Rubber, stocks held in the United Kingdom showed a decrease of ernment subscribing 175,000,000 yen and 50,000,000 yen, hair the 193 tons for the week ending 11th July 1936.

total capitalisation of the north

Boltyla, 2086 tons.

China and central China cont- panies respectively. Of these amounts 30,500,000 yen for the

NEW YORK COTION

Nigéria, 293" this."

Saver (Spot)

War Loan

Closing Quotations

On London:-

Telegraphio Transfer....

Credite, 4 months' sight 1/2)"

OX NEW. ZORE |---

Bank, Hills, on demand 301 Úpédika, na enyn' sighs '31

Bank Bills, on demand 1,085 Credits, 4 months' sight 1,180

ON SAIGON-

July 12, 1628.

Biak Bills on demand /*

-1/27

ON BATAVIA

ON BAZI

О ВИЛИОНА: -

On demand

... id nom.

ON SINGAPORE-

On demand

ON MANILA-

ORE JAPAN

On demand

ON BANGEGE:----

Ou drajud

1001

On LDIA:

Telegraphic Transfer...

Bank, on demand

ไตร

Bar Gliver, DAT OK.

On demand ...

Sovereign Notee.

Bank Buying Rate.....

109-

Antamoks Pa, 384 Atoks, 28.

Baguio Gold: 211 -

Benguet Consol, 10.00

Coco Grove, .441

San Mauricio, 43

Buyor Consol., 18

A.K.

SHAREBROKERS' ASSOCIATION BUYERS

Providents (Old), $3.45. Hotels, $41. Realties, $8.95,

Y, Ferries (Old), 241. Electrics, $591. 149) Antammoka, 60 ctá. -AHLLERS

1/2-1/16! 19-5/16

Hotels, $8.50.

Malay, 8781 tons.

Siam, 1130 tons.

Belgian Congo, 570 tona.

French Indo-China, 130-tons-

(Transocean).

REICHSMARK QUOTATIONS

quoted

The market opened Iswer or bearish foreign cables and prices The market Central China charter company further declined on favourable growing conditions and on the weak- would be in the form of railway ness of stocks and of the other commodity markets.

rallied partially in mid-session on Trade and local buying, but, rolling stock.-(Reuter).'

finally again, sagged on renewed liquidation and hedge-Selling.

TCA

feature.

NEW YORK RUBBER

The Ministry of Finance had taken strict measures against the Berlin, July 12,

Liquidation by commission-houses and the decline in securi The Reichmark was

hoarding and manipulation were today's principal daverse mauences and prices rapidly declined; "withbut i guarantee át:

nickel and copper coins by business with factory support on the down-scale being the only redeeming New York, '40.23.

houses, states a message to the Sin Wan Pao. The exchange rate of Paris, 14.53.

the legal tender notes for the sub. sidiary coins, the Ministry has also anjoined, ehould be fixed accord- ing to the standard set by the Ministry.

·Amsterdam, 72.925. London, 12.275:

Paris Bterling. 178.40 to 178.50 Paris U.8. Dollar, 35.15 to 30,16, -(Transocean).

CHICAGO WHEAT

Despite early hedge-selling and-selling and Liquidation, prices were well held on a bullish Government crop report and on buying by milling interests and covering by shorts.

1938-07-13 — Page 12

Comments

Private Research Note