30
::
14:
$125
H.K. Lands, 4 Deb... $107.
197
H.K. Realties. 55.80.
12
3210
HK. Tramways, $17.40. Peak Trams (Old), $81.
$75
$6
!!!
180
Bodgi
;
$200
851
Yaumati Ferries (New), $24. China Lights (Old), $10.90.
160
124
124
[01/10)
2
16/3
$8.70 13
26/. $9.80 33%
HK. Electrics, $804.
Cements, $18.
Watsons. $7.30.
Constructions, $12.
Telephones (Old), "3261
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
BUYSTS Boilury
063
A
Exchange
Sharebrokers' Association
Bales Nomin, WÈ
WEDNESDAY.Į
AUGUST 3.
Banks
. . : : .
+
11
די
lex.dis.
Joum.d.$1,510 H.K. Banka ....
Do. (London) ******* Chartered Banks
£19
Mercasila Bka. "A"
13 Marosatile Bka. "C" 198 Bank of East Asia...
N. C. & 8. Banks .........
Ingrances
Canton faturkoom..
$500 Union Taxicas ***** Underwritats consiste
3210 H.K. Free
...Shipping
$914 Stemmabosta voimien
Indo-Chinas (Prst.)....
#Indo-Chinas (Def.)...
[01/10]] Shells .......
Waterboats
Kailans
Mining
Raubakar [Vogezurla Gold Fida.
17 ota, Hong Kong Mine......
Docks, Wharves,
Вдува Sellers Salon Nominal
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
Market was dull but prices are generally being maintained.
BUYERS
Journ.d. $1,610 Tex.div. Es
£11) £28
£13
$38
Raubs. $9.70,
રા
H.K. Bank Lon), £90 ex. diy Union Waterboats, $9.
Vena. Goldfeld,, $3.
H. and S. Hotels, $6.65.
FINANCE"
NEW YORK STOCK EXCHANGE
1938
(Through Reuter's 'Service)
QUOTATIONS
י,
High Low Dow Jones Averages 144,91 98.36 30 Industrials
33.77 19.00 20 Raile 22.55 16.14 20 Utilice 82.70 83.39 40 Bonds 20.00 41.03 11
קט 13,
41
Aug. I.
Aug. 3, 1938. High Low Close
Chang
140.37
142.50 138.90 141.97 1,60 up
28.10
38.48 17.93 28.33 .18 up
20.30 90,19 Commodity ludex 49.00
20.76 20.42. 20.63
80,30 48,19
.Il up
.83 off
Business Dono:-120,000 shares,
STOCKS
Adams Express Alleghany Steel Co. 18%
Last Sale August 1 2 11
STOCKS
Last Sale
August 1 2
111
*******
- 181
Allis Chalmers
50
504
Amer. Can......
981
Great Western Sugar Greytouna Corpn. Hecker Productąj Aut. Nickel .........
28 271
161
101
+4
7국
81
101
50%
Yaumatt Ferries (Old), $243.
Amer. & For. Power "Amer. & For. $7 pt. 201
41
aut. Tel. & Tel.......
91 91
New York, August 2.
201*
Kennecott Copper...
401
412
Amer. Locomotive... 214
22
Libbey-Owens- Ford
New York Cotton
Amer. Metals
344
34
Glass
441
443
New York Rubber
Sept.
Amer. Radiator
15
151
Lockheed Aircraft ...
137
137
THURSDAY, AUGUST 4, 1938.
PAYNE &
& CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
New York Commodity
Market
(THROUGH REUTER'S SERVICE)
High
Prev. Today's Low Close Close Change
October 8.56 8.46 8.51 8.49 03 0
15.95 15.76 16.02 15.88b 14 off
Chicago Wheat .........
Sept.
671 361 667 671
Amer. Rolling Mill ... 204
Amer. Smelting ...... 484
Anier, Sugar R’ing ..... 274
Amer. Tel. & Tel ...
1404
R.K. Govt. 4% Loan, 59 pm. HK. Govt 34%, Laub, 144 pm. Marsmans (H.K.), 3/3
Amer. Tobacco "B" 884
Godawas, eta.
$130
H.K. & K. Wharvas...
$129)
$3.65
Providents (old).........................
$3.50 19.45
$3.45
Providente (DW).....................
$21
$30
H.K. & W. Docks....
Ike.
#97
#30
ASW).........
36 65
$8.99
$107
+4
$39
$115 Bhangbai Docks ..... $3.90 New Engineerings 9.
Lands, Hotels, and Buildings
H.K. H
H.K. Lande.........8.
Do. 4% Debentures
$8.40 Bhangbai Lands ́S.
H.K. Realties .......
19.35 Humphreys summerin 1100 Chinese Estates.....
Cotton Mill
Ewoa (S.) ...
$115
13.95
$6,90
$39
$107
H.K. Lands. $39.
HK. Tramways. $17.
Dairy Farms. $26.
SELLERS
Canton Insurance, $230, HK. and K. Wharves, $130.
Provident(s (Old), $3.65.
H. and S. Hotels, $8.80.
HK. Tramways. $17.60.
Watons, $7.45.
Consol. Ch. Prov. (Old). $7.30.
SALES
Providents (Old), $3.45.
Auburn Motors ......
Baltimore & Ohio ...
Barber & Co.
Barnsdall Ou
Bethlehem Steel. Boeing Airplane Ca. Borg-Warner
Briggs M'facturing - Brooklyn-Manhattan
Trans
Brooklyn-Manhattan
$6 cum: pf. "...........
Amer. Waterworks... 101 Anaconda Copper Atchison, T, & 8. Ft. 361
...
201
201
Canadian. Pacific
::
Case. JI,
Chesapeake & Ohio 311
$17.40 317.80 €171
HE
3241
324
$10..90
$18
#9)
Lights (ald)......
China Lights (new).....
H.K. Electrica
Macao Electrics..........
Sandakan Lights
Telephones (old)...
19.80 Taleplumes (new).................
25/3 Tractions ............
Tractions (pre) .............
018
$95
S'hai Cottons (S.) ...........
$27
Zoong Sings (8.)
$42
Wing On 'Loxtiles (8.)
112
Public Utilities
Tramways .........................?
#17:45
Peak Trams (old)......
187
{Peak Trams (new)..
$80
Star Ferries...............
$794
Y'mati Forries C.R
Do.
(DSW)
$25.05 124.30
Chioa
1.10
$80
$37
$9.80
24/5
Chryster Carpa...
$87
Columbla Gas & EL
$24
Columbia 8% "A" pf.. 66
Commercial Credit... 471
Commonwealth & 8.
Commonwealth & S.
Consolidated Edison 271-
བ
Curtiss Wright ((C.)
Curtiss Wright, "A" 221
Distillers Corpn. Sea-
grams .....
$1.70.Cantor ices
Consolidated
Chine Prov. (old)......
28/3
Industriala
$14
Cald, Macg (Ord) 8.
$14
Cald., Mung. (Prof.) S.
$160
Cementat
| $16.80 $18.70
$4
Bopen
Eagle Picher Lead 114*
Elec. Bond.share.
Miscellaneous
$7.30
$6.90
$6.00
China Prov. (new)...,«,
$28
Dairy Farms
#251
164
$13
Ch. É'tainmenta .............. Constructions (old)...........
$8.25
Gen. "America Trans 50
67
Constractions (now)..
$8.70 Lane Crawfords..
Nanyang Tobacco
$1.20 Sincerig kim,
Watsons
Ch.0.5%19250.$Bda.
H.X, Govt, 4% Lärar
H.K. Gert. 31% Losus
$8
**
H.K. Wing On
S'hai Wing On........
$7.30 97.45
6% pm.
150
$5.10 Vibro Piling
12/6 Marsmana Inv. (Loa.)
Maramana Inv. (H.K.)
70 ata Wm. Powalls.
*Bales to Bhangbai
LONDON EXCHANGE RATES
$21
$7.45
1106 ex int.
$101
Quiet.
350
Goodyear Tire & Co. 265 27
Great Northern Iron
15
$5.10
$5.80
(18)
!!
3/3
Amsterdam
93.3/16
$9.30"
$17+
241
27.10.
$70 cta
(British Wireless Service) i
July 30
August 2
Paris
178-11/34
178-3/16
Geneva
21.452
21.441
Berila
12.231
12.23
Athens
Milan
931
Copenhagen
Stockholm
Shanghai
24
New York
4.01-11/18
8.957
1421.
4.90 9/18 8.95 15/18.
1421
2264
670
1/2 31/32
1/5 29/32
4.931
29.09
4.93. 29.001
Yokohama
Sellers
Buenos Aires
Monte Video
Vienna....
Prague
Helsingfors
Bucharest
Hong Kong
Bombay .....
Montreal
Brussels
Rio.***
Sliver (Forward)
Silver (Spot) War Loan
ON LONDON: ---
18.94.
18.8 8
204
2-27/32
194.
19
31% 1027.
Closing Quotations
August 3, 1938.
:
Telegraphic Transfer... 1/2 Bank Bills, on demand Öredits, 4 months' sight "1/3
ON SHANGHAI:-
'On demand .........óa...... 170 nom,
ON NEW YORK:-
19-7/18. 19-9/16 34% 1027.
Bank Bilfs, on demand 201 Oredite, 60 days' sight 201
ON BATAVIA:
On demand
ON PAR:-
55
Bank Bills, on demand 1098 Credita, 4 mouths' sighs 1,180
ON SAIGON:
On demand...sobrecarvoza
HK. Govt. 4% Loan, 67% pm.
Consol. Ch. Prov. (New), $6.90,
Prices below in Phil. Currency} Antamoks Ps.. .38)
Atoks, ,29
Baguio Gold, .21
Benguet Consol.. 11.00
Coco Grove, .42 Consol. Mines, .005
Demonstrations, .28
San Mauricio, .51' Buyoc Consol., 174
United Paracelus. 32
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Bilver prices rose 3/16 yesterday for both deliveries, the quotations be- ing 19 9/16 for Ready and 19 7/16 for Forward. Silver advices re- ported some, bear covering. India bought. The market was steady. Later India again bought to a small extent. American Silver was quoted at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 490.50. New York-London was quoted at 490.
MARKET
STERLING
Some business was reported at 1/2 31/32 November. There were sellers at 1/2 31/32 August-Octo- ber
and 1/2 15/16 November- December. buyers at 1/3 Cash- September and 1/2 31/32 Novem ber-December,
U.S. DOLLARS
Sellers at 30 9/16 August-Octo-
8% cum p
Consolidated O
Continental Can
Continental Ofi
Cora. Products
Douglas Aircraft
Du Port
Blet. Bond & Share
$5 pt......
Elec. Bond & Share
$6 pt.
Elec. Power & Light
ST FL. Flintkote
Gen. Electric .........
Gen. Motors
Gen Railway Signai 201
Glidden Co.
Goodrich (B.F.)
Goodrich $5 pt.
Ore
Great Northern Rly. 22
MAPPING OUT
ber and 30 1/2 November-Decet SOUTH ATLANTIC
ebr. buyers at 30 5/8 for any de- livery.
SHANGHAI DOLLARS Sellers 188.
f
SHANGHAI MARKET Sterling 8d nominal. U.S.$16 1/4 Nominal.
EXCHEQUER RETURNS
London, August 3.
AIR ROUTE
British Mission At Buenos Aires
A- British Airways mission to the Argentine and Brazii arrived
WORLD PRODUCTION OF TIN BELOW YEAR AGO
World tin production in the first four months of 1938 'am-). ounted to 57,800 tons, compar- ed with $2,300 in the 1937 period, according to the Inter-
Tin national
Research and Council, New Development York
World consumption was about 22 at Buenos Aires recently, to disper cent below the 87,500 tons used cuss the establishment of a pas-in the first four months last year. Total ordinary revenue to date is senger and mail air service with £195,078,770, against £199,547,625 South American Governments, says a year ago. Total expenditure, less the Daily Telegraph. self-balancing Items, is £319,186,- 724. against £281,919,838----(British Wireless).
COST OF LIVING
The decline in consumption' has been severe la the United' Blates. In the first four months domestic The first stage of the route from consumption was 18,187 tons, off England to South America was ex-45 per cent from the 33,050 tons amined last autumn, when a survey used in the 1937 period: party from British Airways, “ac÷ companied by an Air Ministry
26-1/2
20-3/4 28 27 27-5/8 27-7/8 28-1/8 28-3/8 27-1/2 27-3/4. " of 5/8
Influenced by slightly easter conditions prevailing in New York the market opened 5/8 of a cent lower for all forward positions as compared with Friday's" closing quotations,
After the opening the market displayed an uncertain undertone. Fair, demand for actual Rubber was in evidence, but enquiry for trade and speculative accounts was only moderate, operators prefer- ring to await further developments before entering into commitments on a larger scale. Later in the session prices gradually declined by 1/4 cent for all deliveries on heavy profit-taking due to the acute political tension in the Far East.
Closing tone was quiet.
The statistical position of Rubber appears to be improving steadily. In Rubber circles American consumption for August-Bep- tember is now estimated at 35,000 tons monthly and for October- December 1938 at 40.000' tous monthly. In this event a continuation of the upward trend of the market, would seem to be assured and could only be temporarily checked by unforeseen outside influences.
Increases in consumption, how S POT The cost of living in Great official, visited Portugal; Morocco, ever, were reported from Soviet OCT.-DEC.
Ger- JAN.-MARCH Russia, Japan, Italy and Britain on April 1, 1933 was the Canary Islands, Sierra Leone,
many. approximately 54 per cent above and Gambia.
the level of July, 1914, states the "Ministry of Labour Gazette.
REICHSMARK QUOTATIONS
The Reichsmark without guarantee st: New York, 40.185 Paris, 1457.
was
quoted
The present survey is under the leadership of Mr. W. D. Roberts, Vice-Chairman of British Airways. įmental flights, and will subsidise The other members are Group (them." At first mail will be sur- Captain Primrose, formerly air charged., as in Berlin, August 3.
the case of the mall adviser to the Postmaster-French and German Bouth' Atlantic General, Wing-Commander D L services. Allen, Captain 8. D. Scott, and Mr.
...The company has ordered four R. Fairer-Smith, 'secretary.
Lockheed 14-seaters for experi- Facilities at Buenos Aires for mental fights and the regular ser- both land aeroplanes and flying vice, and these will be delivered In boats will be examined, and it is the autumn, and will at first be expected that the mission will com- tinue its journey to Rio de Janeiro, and later on to Montevideo.
Amsterdam, 73.20. London, 12.2275.
Paris Sterling, 178.03 to 178.07 Paris US Dollar, 36.2228 to 36.2227,---(Transocean).
́ON SINGAPORE:----
109
On demand
ON MANILA ---..
OB JAPAN:--
On demand
61
The South Manchurian Railway has decided not to take part in the San Francisco World's Fair next
ON BANGEOX:-
On demand
1001
On demand
1495
EX INDIA:
Telegraphic Transfer...
Bank, an demand ....
15/16
Bank Buying Bato. Bar Rilver, perine,
Sovereign Notes
GOVERNMENT SUBSIDY Frequent references; have been
put into service on the West African route. The Lockheed 14 has a maximum speed of 255 in.p.h. and, at 14.000 feet, a cruising speed of 230 m.p.h.
The four which have been order-
does not include import duty, since the aircraft, working chiefly out-
LONDON RUBBER
-
Previous close Today's elose buyers sellers buyers sellers 7-13/16 7-7/8 7-11/18 7-3/4 7-15/16 B
7-13/167-7/8 8-1/87-7/87-15/16
change
OF 1/8 of 1/8 off 1/8
After ruling easter, in sympathy, with oversea advices, the mar- ket finally steadied on better American cables.
Rubber stocks held in the United Kingdom showed an increase of 763 tone for the week ending August 2, 1938.
NEW YORK COTTON
The market today was inactive and fluctuations were within nar- row limits, with traders sitting on the side-lines and awaiting fur- ther developments and the publication of the covernment Bureau report. Early in the day, prices showed a small decline on foreign selling, but towards the close there was a partial rally on Trade and Wall Street demand.
NEW YORK RUBBER
Prices opened, downward on lower London and Malayan advices. and further declined on selling orders from the Far East, Factory interests bought at the decline and prices staged a partial rally be fore the end of the sessioti.
CHICAGO WHEAT ?...
year in view of the present cir- made to the prospects of a Britished will cost £70,000. This price. cumstances. This decision does not trans-South Atlantic service, and
Far Eastern and European news had a disquieting. Infinence, but affect Japan's plans to take part the Air Ministry entrusted British 1/3-1/16m the exposition, Japanese reports Airways with the task of surveying side Great Britain, will be regard-prices went higher on reports of damage to the Russian
favourable cash demand and good exporta. the route and of running experted as perpetually in bond. 19-9/10
sajd
126
* * * $ % 5 % 6 7 = = = = = = c8ef87 «EŽ‡‡6* ***** * * *TERNET. EN
+ up
201
Loew's Inc.
481
49
403
Martin, Glen L ........
Chicago Com
241
241
271
McKesson
Rob-
Winnipeg Wheat
551 541 Bept. October 761 -753
531 "56 763
up
751
1 off
141
bine, #3 pláž.
341* 341
887
Monsanto Chemical 91
91
107
Montgomery Ward.... 451 40
381
Nat. Dairy Products 18
152 NEW YORK COTTON Close
36
44
9+
21
191
582 231
· 314
331
Nat. Distillers Nat. Power & Light 7 Nat. Supply Corp, 193 New York Central ... 18+ N. America Aviation 101 North America Co. 211 Northern Pacifc
124 123 Pacific Gas & Elec 27 Pacific Lighting..." 391 Packard Motors ............... 54
25
254
October
8.51/51
Opening
8.48/48
tr
Closing
Change
8.49/50
02 OH
7
December
8.58/59
8.56/57
8.58/58
unch.
20
January
(1939)
8.60.. N
8.58/58
8.80/60
tanch.
191
March
8,85/65
8.63/63
8.64/84
01 om
101
May
8.68/88
8.66/66
8.76/76
.01 of
211
July
8.71 N
8.70/70
8.70 N
01 off
*
Spot
8.61
8.59
02 off
392
NEW YORK RUBBER
51...
11+
Paramount Pictures 102 Pennsylvania R.R.
103
September
16.02/05
15.80/76
21
211
December
18.11/14
15,88/86
15.88b/91a 15.96/18.00
14 or
.15 of
33
Phillips Pétroleum ... 41
411.
March
16.19/20
15.60/94
16.04b/06a
.15 off
7
100
Public Service of N.J. Pure Oli
291
301
May
...
16.25 N
16.13 N
.12 bu
12
111
Sales for the day:
2,590 tons.
314
7
601
Radio Corpn. of Am. 7 Republic Steel Reynold Tobac. "B" 434 Schenley
*
181
19
CHICAGO WHEAT
וני
433
191
201
September
47
Schenley, 51% ptd...
74 *
75
December
11
Bears Roebuck
71
721
May
661/67 682/631 711/711
663/681 682/681
671/87
up
69/881
up
71/711
off
•
Shell Unton Oil
18#
17
Monday's Salės:-
16,986,000 bushels.
371
Socopy-Vacuum Ofl
147
15
271
Southern Paciic
18
19%
CHICAGO CORN
107
Southern Rly $5 pld.
18
183
.451
Standard Brands ....
81
81
September
35
Stand Gas & Elec.
41
41
December
68
Standard Oil of N.J
571
'571
May .....
-551/551 527/52 544/541
551/55 52/52+
55/553 521/52) 541/541
#
of unch.
unch
51
Stone & Webster
101
10
231
Swift Internationa: 284 Technicolor
20
WINNIPEG WHEAT
25
251
October
762/761
|| 76/761
751/751
14. оп
17
Texas Gulf Sulphur 348
342
501.
20th Cent. Fox Flims 241
25
December ...
751/751
743/742
741/74)
off
128
1 do
Films pf. 327*
333
May
781/781
113
Union
Carbide
&
NEW YORK STRAITS TIN
81
Carbon ....
817
831
Union Pacific.
834
32
September
43.80*
43.30b/85a
43.85 N
51
United Aircraft
273
28
NY Silver, Official
"42-3/4
42-3/4
United Airlines Trans
92
101
NY-L'don Cross Rate... 4.91-3/5
4.90
552*
United Corpn.
3
3
• Traded
United
Corpn.
$3
|
394
cum. pl.
31&
31)
231
United Gan Corpn.
יד
1
4
411
437.
214
231
49 Un. Gas T'provem't
U.S. Rubber US. Rubber pt. U.S. Steel Vanadium
104
108
+3}
.. 45
793
814
581 60
10
244
59
Warner Bros. Pict.... Westinghouse
191 61 61
Elec. 992
1031
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Woodward Iron Cox. 19
194
134
221
Chase National Bk. 321: „321* National City Bank 264"
1/ Call Money
261*
*`ex. div.
1% ..* bid.
SPOT
OCT.-DEC. .
SINGAPORE RUBBER
July 29 buyers sellers
August. 2 buyers sellers
change
26-1/4
of 1/2
27-1/4
Ok 5/8
JAN, MARCH
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