PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers'
Association.
Bayer
Term. Balen Now!
TUESDAY. JULY 19.
Buyert Belden Salma Nominal
Banks
$1,610 eum. dir.
Exiv.
H.K. Broks we Da (London) .............. Elli Chartered. Banks 288
Marcantile Bks. "A" £131 Maruantile Bka. "C"
Bank of East. Atis .... N. C&B. Banks....
Insurances
$88
$1,000
THE EXCHANGE
MARKET
MESSES. ROZA "BROS..
Silver prices were unchanged yesterday, the quotations remain- ing at 19 5/18 for Ready and 19 18 for Forward. Süver advices reported the market as being steady but featureless." American Silver was quoted at 42 3/4 TOT Spot.
The London-New York cross- rate Was quoted at 482.37 New York-London was quoted at 1492.
ex.div. £90
£111
£13
$86
$2
1/8.
1920
Canton Insurances............
3000
$500
Union InsurancOS Froste Underwriters
Quiet,
som
3910
$210 E Fires.....
Shipping
$75
182
Dongianos ...........
390
$21)
Stamboleon
$60
Indo-Chinsa (Prod.).
$51
$24
24 91/10
16/
IB/
$10.10
Waterboata
Kailas
Indo-Chinas (Dot.)..
|91/10) | Shall
Baube
Mining
Veussucis Gold Fida.
8 cts. Hong Kong Misica..... Docks, Wharves,
Godowns, etc.
$3.40
821
$3,30
$115 Shanghai Docks 8.
13.80 New Engineerings S.
Lands, Hotels, and
Balldings
H.K. Hotela
H.K. Lands..........
Do. 4% Dabentura
$8.40 Shanghai Lands S.
H. K. Realting an-nannet
$9.35 Humphreys ...........................THEY $100 Chinese Estates .....................
Cotton Mills
$16.40 Eos (8.)
MARKET
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Reuter's Service).
QUOTATIONS
High Low Dow Jones Average, 138.65 98.86. 30 Industrials
39.77 19.00 90 Rails
$2.27 16.14. 90 Uciliti B.70 81.39 40 Bonds
89.00
July 18, 1938. July 16 High Low Close Chan 138.55 14076 137.70 140.39 1.84. ap
27.18. 17.80 97.3: 27.90 $1.39
21.70 21.25 31.64
.30 up 19.33 37 ир 48.93
64.98 43,03 11 Commodity laudes unquoted
STERLING There were sellers, at 1/2 31/32 July--1st half October and 1/2 15/16 November-January. buyers at 1/3 Cash-September and 1/2 31/32 November.
U.S. DOLLARS Sellers at 30 11/16 July-Septem- ber and 30 5/8 October-November. buyers at 30 3/4 Cash-September and 30 11/16 October-November.
SHANGHAI DOLLARS
188 1/4 sellers.
SHANGHAI MARKET Ballers of Sterling at 8.63/64 US. Dollars, sellers at 18.13/32
IN THE AFTERNOON The market remained quiet in the afternoon.
STERLING
The market closed with sellers at 1/2 31/32 July-first "half Octo- ber and 1/2 15/16 November- January. buyers at 1/2 Cash-Sep- tember and 1/2 31/32 November.
U.S. DOLLARS Sellers at 30 11/18 July-Septem- ber and 30 5/8 October-November, buyers at 30 3/4 Cash-September and 30 11/18 October-November.
H. K. STOCK EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
Buyers were again id evidence for most of the public utility Shares resulting in a fair turnover. BUYERS HK. Bank (Lon,), £89 ex. div. HK. Bank, $1510 cum div. Union Waterboats, $9.
HK. & K. Wharves. $127. HK. Docks (Old), $21. HK, Docks⋅ (New); $20 Providents (Old), $3.40, Providents (New), $34. Raubs, 594
Venz. Goldfield, $3.
Amer. For. Power Amer. & For. 57 pf. 221 Amer." Locomotive .....” 201 Amer. Mecals".... Amer. Radiator
Borg-Warner. Brooklyn-Manhattan
Trans.
Brooklyn-Manhattan
Business Done;-1,580,000 shares.
Last Sale July 16 18 10
Kennecott Copper... #1
53)
251
Martin, Glen L Макезкод & Rob-
bins, $3 pt.
34 Monsanto Chemical, 89 Montgomery Ward .....· 447 Nat. Dairy Products 15] Nat Distillers
ཙ ཝཏྟཏྟཊྚ, གྷཐཱབྷནཱཐཱཊཊྛinབྷཱཝཨྰཿཨྰཿདཿཤདཱིནཱཊྚ==ཀྰནཱམྦདུགནྡྷནོnīཊྛིཊྛཱ ཙིཝཊྚཊྚ aཐུབྷཱན སྐྱུགཨྰཿཨྠཊྚཏྟཱ
WEDNESDAY, JULY 20, 1938
PAYNE & CO.
"COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
New York, July 18.
New York Cotton New York Rubber Chicago Wheat Chicago Corn Winnipeg Wheat
Prev. Today':
High Low Close Close Change October B.63 8.47 8.59 8.62 .03 up Sept. 15.54 15.35 15.06 15.54 46 up
Sept.
169
up
704
694 70+
Sept. ... October
601 591 "597 601 771
up
761 761 787
+ up
STOCKS
Last sale
STOCKS
July 18 18
Adams Express
'11". 12
Int. Tel & Tel
Alleghany "Steel Co. 18||| Allis Chalmers Amer. Can
181
481
504
Libbey-Owens- Ford
100
Glass ....
421
43
Lockheed Aircraft ...
222
Loew's Inc.
213
4
351
353
153
16
#2:
المياه
$127
H.A. K. Wharves...
8127
Providents (ald) ++++++ - -
.33.45
Providenta (now).......
$3.35
H.K. & W. Dooks....
Do
091
$10.
14
Amer. Rolling Mili Amer. Smelting... Amer, Sugar Ring... Amer. Tel, & Tel Amer. Tobacco "B" 793 Amer. Waterworka... 117
Anaconda Copper Atchison, T. & S. Fe. " 37 Auburn Motors Baltimore & Ohio Barber & Co.
201
214
485
50
29
1413
142
223
80
Nat Power & Light
74
113
Nat. Supply Corpa. 194
34)
36
New York Central ... 18:
38+
North America Co. "22)
NEW YORK COTTON
Close
Opening Closing
Change
42
$2
w
Northern Pacific. 111 Pactic Gas & Elec
22
221
Pacific Lighting
401 404
Barnsdall Ol......
203
201
Packard Motors
Bethlehem Steel
59)
811
51
Paramount Pictures 12)
October ... December January March
8.50/59
8.57/57
8.82/83
.03 up
4.68/68
3.64/64
8.70/70
.02 up
(1939)
... 8.68 N
8.65/66
8.71/71
.03 up
8.73 N
8.69/71
8.76/76
.03 up
Bocing Airplane Co. 237
201
May
Pennsylvania KR. 21
314
Spot
8.78/76 - 8.04
8.74/74
8.80/80
.04 ap
8.72
Phillips Petroleum... 43
.08 up
Public Service of N.J. 31
NEW YORK RUBBER
111
Pure Oll
124
Radio Corp, of Am.
36,55
*
$105
se
$8 cum. pr. ........... Case J.L Canadian Paciße .... Chesapeake & Ohio 30 Chrysler Corpn. ...... Columbia Gas & EL 3 Columbia 8% "A" pl. 694* Commercial Credits 44
331
333
Republic Steer.
19)
September December March
15,08/10 15.35/40
35.54/54
.46 up
15.25/25
15.51/58
15.67/89
.42 up
971
95
Reynold Tobac.. “B"
15.34/34
15.68/68
15.78/78
.44 up
71
May
15.40/40
15.84 A
.44 up
Schenley
191.
314
Schenley, 5% pfd... 75
Sales for the day:--
3,350 tons.
67*
694
Sears Roebuck.....
682
8
Shell Union Oil
171
681
·Socony-Vacuum Off
July
+91
CHICAGO WHEAT 691/69
2691/891
+ up
453
Southern Pacific,
164
Commonwealth & 8.
It
September December
691/694
70/701
704/70
up
Southern Rly $5 pfd. '18
712/714
72/721
713/713
קני
Commonwealth & 8.
Standard Brands ....
31
Saturday's Sales:-
23,639.000 bushels.
8% cum pf........
44
Stand Gas & Elec.
Consolidated Edison 281
232
Standard Oil of NJ: 55&
551
CHICAGO CORN
Consolidated Ol
101
10
Stone & Webster....
July
587758
582/581
up
Star Ferries
Do.
(DOW)$
China Lights (old)......
Continental Can
471
Swift Internationn. 271
September
Continental Oil".
3+1
Technicolor
23
December
Corn. Products
662
683
Texas Gulf Sulphur 34"
R$
Curtiss Wright (C.)- St
51
Briggs M'facturing -
Cartiss Wright "A" 231
241
Elec. Power & Light
July
Distillers Corpn. Sea-
October
ST pl.
151
grams Douglas Aircraft
Gen. America Trans - 461
December
511
521
N. America Aviation 10
Du Ponti
124
125
20th CentFox Fima 26
Eagle Picher Lead
111
ין.
Elec. Bond & Share
81
81
do. Union Carbide
Flims DI.... 35 *
September
593/59% 591/591 502/801
091/39 591/591
WINNIPEG WHEAT 971/97 761/761 781/773 757751
751/751 NEW YORK STRAITS TÍN
43.25 Nom. 43.47 traded 43.35/35
บว
593/501
+ up
96/98
up
762/762
up
751/754
7. up.
&
Elec. Bond & Share
NY Silver. Official 42-3/4 NY-L'don Cross Rate... 4.92-13/16
42-3/4 4.92-1/8.
Carbon
801
$5 pt...
521
Union Pacific ............................. 80
Elec. Bond & Share
United Aircraft
$4.60 Ropes
Consolidated
$6 pt...... Firtrate
571
58
United Airlines Trans
93
221
United Corpn.....
31"
COMMODITY
MARKET REVIEW
Gen. Electric
41ł 422
United Corpn. $3
$5,80 $61
†China Prov. (old)........
$8,60
$284. $8.40
304/26 1
*
$1.60
Dairy Farms
China Prov. (new).......
Miscellaneous "
Ch. E'tainments Constructions (old)........... Constructions (LOW)....
#8.70 Lane Crawfords..
$2.20 Sinceres
Gen. Motors.....
401
411
Gen. Railway Signal
201
21
cum. pr...................... 321 United Gas Corpn.
-
$26
H. & S, Hotels, $64.
Glidden Co.....
23
241
Un. Gas Iprovem't 10
-30.40
Goodrich (B.F)
182
191
US. Rubber
$1}
H.K. Lands, $342.
391
Goodrich $5 pt.
522.
541
US. Rubber pt.
704
B.K. Lands. 4%. Deb., $105.
Goodyear Tire & Co.
243
27
US. Steel 581
July 16
July 18
18:
HK. Tramways, $17.55.
Nanyang Tobacco .............
35
"Peak Trams (Old), $så.
Great Northern Iron
Ore...
Vanadium...
187
13+
32
Star Ferries, $78.
$0.80
Watsons..........
36.80
A
70%. Ch. 0.5% 1936G.$Bdu.
China Lights (Old), $11.
70%
6pm H.K. Govt. 4% Lost
$100
1.pm
H.E. Gort, 3% Loans | $101
$50
H.K. Wing On......
Great Northern Rly 201
Great Western Sugar 281* Greyhound Corpa Hecker Products
22
Warner Bros. Pict....' 74 Westinghouse
71
SPOT
Biét. 1001
1023
OCTOBER-DECEMBER
29
16
73
81
$50
ghai Wing On.....
163
Int.. Nickel
50 50
Woodward Iron Cor. 173 Chase National BL, 333* National City Bank 28* Call Money
18
| JANUARY-MARCH
up t
up
34 *.
281
1%
1
$5.10 Vibro Piling...........
8.ex. div.
Cements, $161.
$61
$6:30
$34 8103
$5.95 $9.30
916
$75
#87+ B'si Cottons (8.) ...........
$27
$42
Zoong Sings (8.)
$34
Wing Cn Textiles (8.)
312
Public Utilities
$17.55
$17.65
Pesk Trams (old)..............
$36
Peak Trams (naw)..
(31
378)
$72
194 'mati
Ferries C.R.
$15
$24
$it
$11
$11
$8
China Lights (now)...
,860).
H.K. Electrica...........
818.10 Macao Electrica
4.
Sandakan Laghta ............
$26/
Telephones (old).......................
$26.35
$9,70
Tolephones (new)...... 39,60
26/3 Tractions ........................
246
26/3
Tractions (praf.)
Industrials
114
Cald, Macg (Ord.) 8.
$14 Caid., Macg. (Prof.) 8.
$1.70 Canton ices
$1.80
$16
$18
Cements...
$16,50
અરે
2/6
2/11
13/0 Maramans Inv. (Lon.)
Maramans Inv. (H.K.)
70,ota | Wm. Powells amani
*Sales to Bhanghai
43
1
70 cta.
LONDON EXCHANGE RATES
Paris
Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm Shanghai
"Now York
Amsterdam Vienna...
July 18 178 11/64 21.503 12.26) (?).
(British Wireless Service)
July 16
178-19/64
21.523
12.271"
23-11/16
033
8-13/18d
4.93
8.951
4.951 8.95
1421
1424
2261
Bucharest
672)
Hong Kong
1/2 31/32
Bombay
1/5 29/32
Montreal
4.90
4.92 7/16
Brussels
29.13
29.12
Yokohama
Sellers
Buenos Aires
Monte Video
Prague
Helsingfors
Rio......
Silver (Forward)
'Sliver (Spot)
War Loan
ON LONDON:-
18.00
18.97
201
2-27/32
194.
101.
19-5/16
31% 102, 15/16
Closing Quotations
July 19, 1933.
Telegraphio Transfer..-'1/22 Bank Billa, on demand! Credits, 4 months' sight. 1/31
ON BHANGRAI
On demand
ON SINGAPORE ---
On demand
JAPAN 1
On demadd
Es Invix:
Telegraphic Transter..... Bank, on demand
ON New Yox:-
19.5/18 31% 102-13/16.
Bank Bilis, on demand 30) Credits, 60 days”, sight, 31
DB-7/16
China Lights (New), $8 HX. Electrics. $601. Telephones (Old), $263
„Telephones (New), $9,70,,
Dairy Farms. $253
Watsons. $6.80.
Entertainments. 56.40
Constructions $1.60.
H.K. Govt. 34% Loan. Siș, pœ Marsmans (HK). 2/6
Consol, Ch. Prov. (Old), $0.80. Consol. Ch. Prov. (New), $64.
SELLERS
H.K. & K. Wharves, $1291. Star Ferries. $791. Marsmans (HK), 3
SALES
Providents (Old), $3.49. 'Providents (New), $3.30.
H. & S. Hotels. $8.55. HK. Tramways, $17.65. China Lights (Old), $11.05. Telephones (Old), $264. Cements,, $161
Dairy Farms. $261. Marsmans (HK.), 2/11, ' Consol. Ch. Prov. (Old), $8.90. Consol. Ch. Prov. (New), $8.60. (Prices below in Phil. Currency};
Antamoks P9.. 38 Atoks, .27)
Baguio Gold, .211 Benguet Consol., 10.30 Coco Grove. 431 Consol. Mines, .0035 Demonstrations, 271 San Mauricio, .451 United Paracales, 29
A.K. SHAREBROKERS'
ASSOCIATION BUYERS
Hotels, $6.50. Lánda, $35.00. Realties, $5.80.TA ZE Lights (Old), $10.90- Cements, $16.50. Entertainments, $6.40) Antamoks, 82 cts.
SELLERS
• bid
Far Eastern Exchanges
Since March 14, when the Chinese Government restricted allot ments of foreign exchange, selfers have offered the Shanghai dollar on a falling market over the range from 141d. to the present quota tion of 1d say the Manchester Guardian. The restriction was in troduced not because of any acute shortage of exchange But with the object of limiting the supply of Japanese-controlled firms.
The Far Eastern Survey (Newtinued ability to pay for military
the York), describes
exchange imports. market in the
Meanwhile ensuing period.
#
the Japanese yen
(FROM PAYNE & CO.)
SINGAPORE RUBBER
buyers sellers buyers sellers change
241 241 244 25 up 251 251 251 28+ 26
20+ 281 *264
The market opened with prices 'unchanged from Baturday's clos- ing quotations with a steady undertone.
Throughhout the session considerable buying interest was dis- played by dealers and speculators due to reports of continued im- provement in' géneral business- activity in USA. as was evidenced by the action of the security-market in New York. The fact that Rubber-Exchanges both in London and New York were closed on Saturday last," was entirely ignored by operators who continued to remain keen buyers throughout the day. The volume of business transacted; however, was only moderate due to the difficulty of And- ing sellers. Frices gradually advanced by 3/8 cent for alle
vertes, but even the higher price-level failed to attract much selling.
Closing tone was very steady.
Commoditý. Research Bureau reports as follows: "For the first five months. U.S. rubber consumption was 140,715 tons compared During the first month or two of has been maintained in cincial with 208,817 tons for the same period a year ago. Stocks of crude the new system' weekly allotments dealings at a steady rate of rubber in the US. were placed at 299,720 tons on May 31, compared at some £450,000 were not much but in unofficial exchanges. par- with 175,273 on hand May 31, 1937. Imports and afloats were both short of genuine applications; but ticularly in China, yen notes are mittee estimated world consumption during. April at 66,258 tons, lower than during April. The International Rubber Regulation Com- in the meantime the allotments accepted only at discounts up to but in the meantime the allot 40 per cent of the nominal parity. which is about 10,000 tons less than March. For the fist four This is mainly owing, the writer months the average monthly world, use was 87,974 tons, compared points out to the fact that the with 95.585 tons for the same period of last year."
LONDON RUBBER Japanese banks in Shanghai do not accept yen notes for conver- sion into Chinese dollars.
have been reduced, to less
than
£300,000, while foreign exchange is more and more desired.
Under Japanese pressure many foreign merchants in the" occupied ureas are closing down their busi ness and converting their assets Into foreign currency.
at the Chinese banks which have
REGULATIONS DEFIED The Japanese soldiers and civi. lians who bring the notes with
SPOT OCT.-DEC. |JAN,~MARCH
Previous столе Today's close buyers sellers buyers sellers
·7-5/16 / 7-3/8 7-7/16 7-8/18
7-1/2 7-7/16
7-9/18 7-5/8. **-7-1/2
7-9/16 7-3/8 : 7-3/4
change
up i
".. up i
Chinese are in many cases doing the same, and holders of deposits them to Chloe have to changa After Brming up on Continental trade demand and speculative
them at Chinese shops, which find buying, the market reacted on disappointing American cables. some way of getting them back to Rubber stocks held in the United Kingdom 'showed an increase Japan in defiance of Japanese exof 1.992, tons for the week ending July 15, 1938. change regulations.
NEW YORK COTTON
been blocked since last August are cotintä of between 30 per cent and 45 per cent.
No, doubt these funds are also But the heavy unoficial depre- being converted thto other curren.clation of the yen, the writer
try...
Prices opened slightly downwards on lower Liverpool advices and
cies unless they are used to buy claims, is really in accordance on favourable weather reports. The market was moderately active real estate or other durable values, with the purchasing power of the early in the day, but there was an absence of new Buying, the main which in turn allows foreigners to currency in Japan.
support being given by the Trade. Later, the frumeks of stocks and liquidate their possessions and From the beginning of 1936 to some complaints of weevil activity caused an upward reaction and take the proceeds out of the coun- the spring of 1938 Japanese whole prices closed steady.
sale prices rose by about 30 per
NEW YORK RUBBER.... COST OF WAR
cent, while in most other countries The firmness of the London and singapore markets caused a Although the Chinese authorities prices have risen by a similar per-higher opening here, while the continued improvement of the feel- are said to hold sufficient ex- cenfagé,
ing on Wall Street was an additional factor for strength. Some pro- change to pay for necessary im- The actual decline in the domesnt taking and dealer hedge-selling was well absorbed by a mixed ports for a year to come, the ristic value of the yen is probably Trade demand. ing cost of the war and the loss of even greater because of the deter- control over most seaports prob- loration in the quality of many ably mean a steady drain on re- goods owing to import restrictions The unexpected strength of the foreign markets and the uncer- and priority of arms production. tainty of political conditions in various parts of the World caused The fact that Marshal Chiang Although comparisons of national an upward trend from the opening. The belief that the Govern Kai-shek has just appealed to purchasing power are open toment loan would tend to curtall farmers' deliveries was off-set by re- Drivate citizens to hand over gold many doubts it is quite likely that ports of favourable weather and the slowness of foreign demand,"
the Government indicates the official rate of the yen ng which made the market develop a feeling of easiness towards the some anxiety about China's con- longer represents its true valuie.)
O BATAVI
Op: demand
O'N PARIS-
Bank Bill, on demand 1,095
160 now.
Credita, 4 months' right 1,180
ON SAGOA:-
Ou demand
100
Hotela, $6.80.
ON MANTIA
SALES
On demand
Providenta (New), $3.30.
ON BANGKOK :----
On demand
1498
Prov. Consol. (New), $6.60. Hotels, $8.55
Sovereign Notes
Trams, $17.80.
Bank Buring Rate....
1/3-1/16
·Telephones (Old), $23:50.
to
Ra Silvar. per us..
.79-8/16
Dairies, $28.25.
serves.
close,
CHICAGO WHEAT.
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