PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE - QUOTATIONS Hong Kong Stock
Buy sex
elfor
Exchange
SATURDAY. JULY 23.
Sharebrokers' Association
$1,510 joua.d.(1,510/18
Eno ox.dir.
Banks
H.K. Bank's
Do. (London)............. £117 Chartered Banks £29
Marcantile Bla. “A” £139-Marcantile Bks. “C”
Buyers Butlers Selen Mominal
cam.d: $1,410
£11 £28
£13)
158
Bank of Fast Axis...
$86
N. C. & B. Bankı ...........
Insurances
#2
#240
$220
Canton InsuraROM.....................
$500
Union InsurmaDŽON .....
32
Underwriters La
51
H. Firs
53 3110
Shipping
$80
Douglasès
$75
Steamboats
$70
160
Indo-China (Prof.)....
551
$24
Indo-Chinas (Del.)......
#24
£3/9
Shells.......
83/9
Bij
Waterboats
Mining
187.
Kailans
Rauba
*
$9.80
$3
"/
$9.80 $B
Vanezuela Gold Fida
8 cts, Hong Kong Misc.........
Docks, Wharves,
Godowns, etc.
H.K. & E. Wharvo... $128) Providenta (old)......................
Providenta (new)....... H.K, & W. Docka.....
Do
$115 Shanghai Docks B..... 13.00 Now Baginearings 8.
Lands Hotel, and Buildings
$1937
$130/
$3.45 $3.35
#3
$1
$h.55
130
$106
$17.05 $42
STOL
BIL
&a
20
$66
(DRW)..........
Debentures
$8.40 Shanghai Lands S.
H.K. Rositions --------
$9.35 Humphreya ......................
1100 Chines Estates
$97
$3.45
13.30
21
例えい
$117
14
H.K. Hetala.........
$.60
$6.61
I.E. Lands..........
$361
$106
Do. 4
$5.50 39,3%
$16.10
$75+
$24
$40
$17.70
$34
Cotton Mills
$16" Ewon (5.)
S'hai Coltone (S.)
327
Zoong Siaps (8.1. ..................
842
Wing On Textiles (8.)
Public Utilities
17.65,7.0.
36
$80
11.20
$794
$36.30
| $24.95
SHARE MARKET REVIEW
FIRMER MARKET
FINANCE
-
NEW YORK STOCK EXCHANGE
(Through Renter's Service)
QUOTATIONS
1938
July 24, 1838
High
Low Dow Jones Average – July 12. High Low Close Chang 143,67 $8.95 30 Industrials
39.77 19.00 Baile 99.58 16.14 90 Utilities #2.70 83.39 40 Bonds 64.89 45.03 11
STOCKA
149.25
144.39 142.31 144.24 1.99 up
$9.83
30.40 30.01 30,38 .30 up 22.00 21.76 21.99 14 up 90.01 .C9 ap unquotad
21.88 90.4% Commodity Index. 49.89
Last Sale July 22 23
121 121 194 521 9911 4t
191
331
99
43
Adams Express ....... Alleghany Steel Co. Allis-Chalmers ........ Amez. Can Amer, & For. Power Amer. & For. #7 pl. 23 * 23 Amer. Locomotiva... 231 Amer. Metals Amer. Radiator Amer. Rolling Mill... 207 Amer. Smelting 501
(BY C. A. L. RICKETT) Member-Secretary, Hong Kong Sharebrokers' Association The market has been firmer during the last week. With the exception of some instances of proât taking scrip has been dim- cult to obtain and prices have shown a steady all round improve- ment. The advance in prices. however, does not appear to have materially increased the volume of business for the week's turnover
H.K. Banks were done. up to $1.510 Wharves were wanted at $128 and changed hands at $129. Trams had buyers at 17 and sellers at $18. Providents after having remained quiet for most of the week came in for enquiry and the old shares changed hands at $33 Hotels came to business at $6.55 and $6.60. China Lights (o)
but had buyers at $1105,
could probably be obtained at $11.15. Electrics were wanted at $61. Wat- son's at $7.05 and Cements at $16.80 Canten Insurances chang-Barber & Co. ed hands at $220..
After announcing An interim dividend of $2 Star Ferries came in for enquiry at 5791. The Tram- way Company has announced an Interim dividend of $5 cents, pay- able on August 15,
The Manila market has also shown Improvement. San Mauri ció advanced from 44 ctvs. to 49 ctys. Benguet Consol. Improved from Ps. 10 to Ps 10.70. Antamos recovered 14 ctvs, to 29 ctvs. Mar- ket closed quiet.
H. K. STOCK "EXCHANGE
361 18)
Amer. Sugar B'ing... 281 Amer. Tel & Tal,... 1401 Amer. Tobacco "B" 844 Amer. Waterworks .... 117
Anaconda Copper ... 361.
Atchison, T. & S. Fe. 391 Auburn Motors
dueing Airplane Co. 302 Borg-Warner
32 ariggs M'facturing. 301 Brooklyn-Manhatta
Trans
Continental Of
23+
7aäཊྛབྲཱཀྑཨྠསྨམྦྷཝནྟིབྷཝཧཔྤཎྞཊྛཱབྷནྡྷཊྛཱ ཏཱ བྷིདྡྷིgaE, aམྨནཱཙྩནྡྷབྷཱཝཏྟཱ བྷབྷཱ ・ ཟླ8ཨཽ #
Business Dons-780,000 shares.
STOCKS
Last Sale July 22 33
Great Western Sugaï 281* Greyhound Corpo 161
Hecker Products Int. Nickel
81
512
Int. Tel & el 10) 101
47 Kepnecott Copper ... 417 421 Libbey- Owens- Ford
Glass
Lockheed Aircraft
Loew's Inc.
MONDAY, JULY 25, 1938.
PAYNE & CO.
."
COMMODITY BROKERS
STOCK EXCHANGE. BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S, SERVICE)
New York, July 23.
443
47)
New York Cotton
141
14
Prev. Today's
High Low Close Close Charge
8.85
8.75
TO) Sept.
59+" October 791
58
8.73 15.85 691 701 691 1 off
59
8.83 closed
.00 up
581 1 of
77}
781
773
† of
October New York Rubber ....... Sept. Chicago Wheat....... Sept. Chicago Corn 262
Winnipeg Wheat
481 50
Martin, Glen I...... 281
Rob- McKesson &
bins, $3 pf........................ 35 Monsanto Chemical 901 Montgomery Ward... 471 Nat. Dairy Products 153 Net. Distillers
35.*
481
བྷུནཱནཨཉྩཚཊྛཱ, ཙིཀྐཐཱཝཱ ཏྲྰཾབྷནཱཨྰཿཤཿaཨྰཿཊྚ#ཐུཡུམཏྟཧྲྰིཀྐeཨྰཿཊྚནྲྀཨྰཿཨྰཿཨཱཏྟཉྩཀྑནྟ་ྕ ཚོ ནཡ ཨྰཿཊྛུནྷིཀ
NEW YORK COTTON
קנון
קט
+of
37 16 213 521
1404
12
371
15
Close Opening Closing"
Change
241
24
44
4
Baltimore & Onio"..
101
101
213
Nat Power & Light 7 Nat. Supply Corpn. 22 New York Central... 20
78
October December
8.73/74
.8.75/75
8.82/83
.09 up
8.82/82
8.83/85
8.91/91
.09 up
22
211
January
1939)
8.84/84
8.856/87a
8.93 N
.09 up
barnsdail Ou Bethlehem Steel
201
GO?
621
301
321
N. America Aviation. 101 North America Co. 231 Northern Pacinc Pacific Gas & Elec 27
March
8.39/88
8.88/88
6.98..N
.10 up
101
23+
May
8.93/93
8.94/93
9,02 N
.09 up
137
141
Julg
8.97 N
8.96/98
9.06 N
.09
281
Spct
6.83
8,92
.09
315
Pacific Lighting.
41.
414
NEW FORK RUBBER
·124 - 111
Packard Motors"..... Paramount Pictures 10
54
"54
111
Brooklyn-Manhattan.
56 cum. pf. Cast JL Canadian Paclic cuesapeake & Ohio 341 Carysler Corpn. 711 Columbia Gas & El. 8 Columala 6% "A" p. 691
33 34 *
73
102
105
Pennsylvania R.R.... 23 Phillips Petroleum ... Public Service of N.J. 301 Pure Oil
234
I
September December March...
15.85/85
15.95/95
CLOSED
16.03/04
443
43
May
16.09/09
31
13
13
CHICAGO WHEAT
35
731
Radio Corpn. of Am. Republic Steel
74
197
201
September December
701/701
701/701
721/721
721/731
69/68 711/714
A off
.7 off
Commercial Credit... 46.
63"* 47
Reynold Tobac. "B" 43}} 442- Scherley
May
731/731
201
Friday's Sales;
21,338,000 bushela..
Schenley, 51% pfd..." 751*
751*
Commonwealth' & S. Commonwealth & 9.
11
11
Sears Roebuck
74
742
CHICAGO CORN
Shell Union Oil
172"
177
September
6 cum. pf.......... 43
43
Socony-Vacuum Of 157
153
December
59/591 58/58
591/591 58/581
581/581
7 of
/57/57&
1 off
Consolidated Edison 291 201 Consolidated On ... 101 104 Continental Can
Southern Paciic 201 211
May
59/59
+1
Southern Rly $5 pfd. 201
21,
WINNIPEG WHEAT
161
461
Standard Brands ... B
351 347
Stand Gas & Elec.
4
July
1018/101
691 .69!
Standard Oli ci N.J. 573 581
October
789/783
December
77/701
791/731 771/771
1011/1011 771/777 761/761
4 of
the
Curtiss Wright (0) 51 Curtiss Wright "A" 231 231 Distillers Corpn. Sea-
Stone & Webster .... 10%
:|
Swift International 201 281* Technicolor
NEW YORK STRAITS TIN
214
213
September
grams
26/-
Tractions
16) 161 Douglas Aircraft 521 537 Du Poat
Texas Gulf Sulphu: "351
351
NY Silver, Official
43.85 pom. 42-3/4
20th Cent. Fox. Films 233
25
NY-L'don Cross Rate... 4.91-7/8
Closed unquoted 4.92-7/16
1271 130
do.
Films pf.... 321
334
28/3
Tractions (praf.)
Industrials
9%
$14
Cald., Macg (Ord.) S.
314
Cald., Macg. Prof.) S.
Union Carbide &
Carbon Union Pacific
85+
851 85
*་་
$1.70
Cantor ices
...
$1.60
531*
533*
United Alteraft
283
481
116.05
United Airlines Trans 107
581 57**
United Corp. ...... 31
31
United
$6.90
Corpn. $3
"ex div.
$6.60
411 4.24
cum. pf.
33
33
China Prov. (new)......
Union Waterboats, $9,
231 231
United Gas Corpn. 41 4)
H K. & K Wharves. $128).
326 Dairy Farm
$261
Gen: America Trans 48 49
Un, Gas Tprovem't 104
Ch. E'tainmenta $8,40
Providents (Old), $3,45,
Gen. Mectric 42; 43
U.S. Rubber
444
451
·Constructions, (öld)...........
$1.70
Providents. (New), $3.35.
Gen. MotorS
418 431 U.S. Rubber pi.
83
SPOT
67
$7.0587,20 37 10
Constructions (now)....
Nanyang Tobacco.......
$2.20 Sinchres
Watsons ***** Ch.G.5% 19250.$8da.
1. H.K. Goyt. 4% Loan
Raubs, $9.20.
Gen. Railway Signal 23 24
U.S. Steel
607
623
OCTOBER-DECEMBER
$8.70 Lane Crawfords.
$50
|H.K, Gort, 81% Loans | $101
R.K. Wing Oa.
S'hai Wing OD...........
365
$5.10Vibro Piling
13/a 2/0
Maramans Inv. (Lon.) Marainian Inv. (H.K.)
170 Wm. Powalla
V:
38
Venz Goldfield, $3.
Glidden Co.
241 25
Vanadium.
204......
JANDARY-MARCH
251 252
201
27
27{ 271
upi
271
271 273 up
H. & S. Hotels, $6.55.
Goodrich (B.F.)
204 214
-82 Warner Bros. Pict.....
7
H. K. Lands, $35.
37
Goodrich $5 pt.
581 591
Westinghouse Elec. 104.
105"
H. K. Lands 4% Deb., $106.
€71%
Goodyear Tire & Co. 271 23
$106
H. H. Tramways, $165.
Great Northern Iron
Peak Trams (Old), $81.
• Ore. .......
137
144
"Sales to Shanghai
LONDON EXCHANGE RATES
Star Ferries, 5794. China Lighst (Old), $11.
Ching Lights (New); $8... H. K. Electrics, $601. Telephones (Old), $264.
Telephones (New), $9.80. Watsons, $7.05.
Entertainments, $84.
H K Govt. 4% Loan, 1% pm.
350
Great Northern Rly. 241
25
$6
Woodward Iron Cot. 21 211 Chase National Bk. 337* National City Baûk 271* Call Money
1 ex. div. ́• bid.
337* 274*
1.
70 cta
21
$9.80
$3
Tramway's
Peak Trams (old)...... Peak Trams (new)............. Star Ferries..................
$24Y'mati Ferrins C.R. 3:31 Dc. (new)$
China Lights (old)...... China Lights (now)...........! H.K. Electrics......... Macho Eletrics......... Sandakan Lights.
$15
Telephones (old)....
Talophone: (new).....
861
$6.90
$6,700
$17
=
$10.30
17
Cements
$4,60 Ropes
Consolidated
China Prov. (old).......
:
Miscellaneous
ོ
$61
་ ལ
સ
89.80
24 t
SATURDAY'S »
OFFICIAL QUOTATIONS
During the short "session market was fairly firm with sales of Banks at $1510/1515, Docks (Old) at $21, Docks (New) at $20, Hotels at $6.60, Trams $17.85/70 and Cements at $164/80.
The Manila Market showed further unprovement in rates.
BUYERS
Hong Kong Bank, $1510 c.d.
Hong Kong Bänk '(Lon), 290
||
Corn. Products
Eagle Picher Lead 11 .. 12 Elec. Bond & Share 01 Elec. Bond & Share
$5 pf. Elec. Bond & Share
$8 pr..... Elec. Power & Light
$7 pt. Flintkote
1 of
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
July 22
July 33 buyers sellers buyers sellers change
24 261 up i
1.pra
Paris
Geneva
(British Wireless Service)
July 21
July 22.
178-13/04
21.48
178-11/04 21.491
12.247
12.25
Athens
||
Milan
93-7/16
934
Copenhagen
Stockholm
Berlin
Shangha
New York
Amsterdam
Vienna:
Prague
Helsingfors Bucharest Hong Kong
Bombay..................
Montreal
Brussels Yokohama
Sellers
Buenos Aires
Monte Video
R10 ..
Silver (Forward)
Silver (Spot) War Loan
ON LONDON:
Constructions, $12.
Consolidated Ch. Prov. (O), $8.90.
GERMAN TRADE IN CHINA DROPS
Since the beginning of the war in the Far East the German Consolidated Ch. Prov, (N), $6.70. | military advisers of Chiang Kai-shek, who have now been recalled
SELLERS Canton Ins., $240.
Watsons, $7,20,
SALES
Hong Kong Bank, $1510/15.
home, and the German economie, organisations in China" lave strongly warned the National Socialist leaders of a too“ far-reaching pro-Japanese policy. These warnings have until now remained un- observed in Berlin, writes a correspondent.
Influenced by steady conditions prevalling In London and New York the market opened 4 of a cent higher for all deliveries as com-" pared with Friday's closing quotations.
Arm undertone. Throughout the session the market displayed a Good enquiry for physical Rubber was in evidence, whilst dealers and speculators also were large buyers of forward positions. It was, how- ever, very difficult to arrange business at quoted rates due to sellers holding off. Such offerings as were made consisted chiefly of profit-. taking which was easily absorbed by the trade.
After some business having been transacted at 271 cents for October-December options and at correspondingly higher rates for more distant deliveries the market closed with a firm undertone.
Recent indications that Motorcar-production as well as Automo- have increased during the summer months, is a distinctly sustaining market factor which coupled with an improved outlook for consumption should ultimatelypit the market on a higher level.
How seriously the effects of the companies, as compared with the SPOT
H. K. & K. Wharves, $129/1293nterests are judged is shown by companies of other countries. In OCT-DEC
H K Docka" (Old), 21.
H E. Docks, (New), $20.
Providents, (Old), $31. .
H&B Hotels, $6.60.
HK Tramwaya, $17.65/70. Star Ferries, $80. Watsons, "$7.10.
6-13/16d 4.912
91
8.95-1/16
4,921 8.931
1411
226
870
1/2 31/32
-1/5 29/32
4.93-7/18 29:082
4.93-9/16. 29.114
Coco Grove, .43
Consolidated Mines.,.004
1 X L., .88
· 18.04.
San Mauricio, 49
201
2-27/32
191
191
191
31% 103.
Closing Quotations
July 23, 1938.
Telegraphic. Trapafor 1/33
Biak Bills, on demand Credits, 4 months' sight `1/3)
ON SHANGHAI:-
On demand
ON SINGAPORE: —
160 nom.
On demand 53
J JAYAN
On demand.
CINDIA:
ON NEW YORK:-
Bank Bills, on demand 30-7/18 Credits, 60 days' sight 2018/14
ON BATAVIA:
On demand ON Pani:-
... 56
Bank Bills, on demand 1,090 Credits, 4 months' sight: 1,180 ON SAIGON: -
Cements, $18.80, Consolidated Ch. Prov. (0), (Prices below in Phil. Currency)
Antamoks Ps. 391
Benguet Consol, 13,76
Suyoc Consol., 17 United Paricilés, .32
THE EXCHANGE MARKET
LONDON RUBBER Previous close buyers sellers
7-1/2
1-5/8
7-11/18 7-3/4
... 7-3/4 7-13/16
Today's close buyers sellers
CLOSED
change
NEW YORK COTTON
Trading today was unusually light, with some nervousness ap- Some light Bombay parent over the European political situation, spot-house seiling was absorbed by Trade, commission-house. and local buying and prices Anally advanced on New Orleans buying and covering by shorts following on unfavourable weather reports.
Japanese invasion upon German the provinces occupied by the JAN.-MARCH ... the latest confidential report of Japanese the Chinese now buy the German Chamber of Com- hardly any German goods because mierce in Shanghai. It describes of Germany's political attitude. Germany's favourable positión in
IF JAPAN WON China before the outbreak of hos- The Chamber believes that the tilities and declares that the con- position of German-trade will be ditions are now entirely changed. come extremely precarious in the The lack of foreign currency has event of a Japanese victory, for caused a great reduction of Qer-while a free, self-governing China man imports into China, which would offer extraordinary open- are further checked by the fact ings to Germany a China dominat- that the Japanese do not allowed by Japan would certainly miéan any transfer in provinces occupled an end to foreign trade. It the the Spring crop, but the market was otherwise without ady special by-them:
war.goes on the probable closing feature. ----A-- further obstacle to German įdown of a considérable number of trade, the report continues, is German trading stations in China caused by the high premiums de- will have to be faced in the near manded by the German insurance future.
STERLING
The Chamber requests that in" future before contracts are Icluded by the German Govern-
con-
Market closed.
NEW YORK RUBBER
CHICAGO WHEAT
There was some hedge-pressure today against the movement of
Meeting Protests Against
No business was reported. There ment with Japanese, Manchukuo, Japanese Mill Seizure
to the
were sellers at 1/3 July-August and jor Chinese authorities the German 1/2 31/32 September-December, economic, agencies in China should
The action of the Japanese to make representations MESSRS ROZA BROS. and 1/3 October/December.
buyers at 1/5 1732 Cash-August be consulted.
yoda mill company, backed by the Japanese authorities through 'H.M. The National Bocialist leaders in Japanese military authorities, in Consulate.!! Bllver prices were, unchanged
Germany have so far consistently occupying the British-owned Chun han
Mr. W. C. Gomersall, managing yesterday, the quotations remain- Some business was reported at refused to give up their pro- Tah Cotton mill situated on the ing at 19 1/2 for Ready and 19 38 30 3/4 September and 39 11/18 Japanese attitude. They believe in Boochow Creek near St. John's director, presided, supported by for Forward. Silver advices, re- November. There were sellers at an ultimate victory of the #dyna-College, resulted in an extraordin Mr. E. 8. Elliston, Mr. K.
King, and Mr. ported the market as being steady 30 3/4 July-August and 36 11/16 mie Power," Japan in China, ary meeting of the shareholders of 15.
́U.S. DOLLARS
K. G.
but featureless. American Silver September-November, buyers at 30 They hold that after that victory the China Spinners Ltd. and of Stephenson,, directors, with the was quoted at 42: 3/4 for Spot 13/16 Cash-August and 30 8/4 the German-Japanese agreement the China Textile Manufacturing following shareholders: Bir "Ro-
The London-New York cross-September-December. "
will lead to closer economic tela-Co. Ltd., and owners, of the mill, bert Calder Marshall, Messrs. E. A tiofis bétween: Germany and being held at 88 Museum Road: Garcia, J. K. Jones, F. L. Sabel, E Japan, and that in the long run Shanghai, last week.
Schuster, F. R. Smith, and George Japan will not be able to A resolution protesting against F. Richardson, (on behalf of C. V. A total of 9,355 shares "colonise" Chins alone and unald- the occupation of the property Staar).
was passed and it was decided to were represented.
On demand 199
ON MANILA-
On demand
611
ON BANGKOK:-
100)
On demand
1497
~SovtreignTM NoVAI"
rate... was " quoted at 491.62. New York-London was quoted at 401. 7/8.
SHANGHAI DOLLARS
166 3/8 sellers
Bank Buying Rate.....
1/3-1/10
MARKET
Steady.
Sterling, sellers ad. UBS, sellers 1 18.7/16.
Telegraphic Transfer... 189
Bank, or demand.
18/16
Aar. Bliver. per ok
· —————SHANGHAI MARKÉT
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