£13
STOCKS
188
Bank of East "Asik ... N. C. & S. Banks..........
$88
il
13
Adams Express '................
Insurances
$230
$775
Cantou insurances.A
Union InsuraŚLAR
$497
39
Underwritera ...sserevzamem
1/8.
Alleghany Steel Co. Allis Chalmers ........ Amer. Can
1210. Fines
8910
MARKET
Amer. & For. Power
Shipping
Amer. & For. $7 pt.
$75
$204
STERLING
$61
24
92/6
2
89.70 33
¡Vanesusla Gold Fids.
17 Hong Kong Mines......
Docks, Wharves, Godowns, eta.
$130 H.K. & ...Wbarren...
$4.66 Providents (old).
$3.45 Providenta (new)................. $21 H.K. & W. Dooks....
Da.
Mining
16/3
Kailans
...Raube
15/- $0.80
There were sellers at 1/2 31/32 1/2 .15/16 and August-October November-December: buyers at 1/3 and 1/2 31/32 Cash-September November-December.
Amer, Locomotive ... Amer. Metals
$3
$1291
$3.65
U.S. DOLLARS There were sellers 30 1/2 30 7/10 August-September und October-November, buyers a 30 9/18 Cash September and 30 1/2 October-November.
at
141 Amer. Tobacco " 881 Amer. Waterworks... 10 Anaconda Copper
Amer. Radiator ...... Amer. Rolling Mill... 204 101 Amer. Smelting Amer. Sugar Ring... 271 Amer. Tel, & Tel.
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Виуст
Sellers Bales Nominal THURSDAY,
Sharebrokers' Association
AUGUST 4.
layer Shine
But Nominal
Banks
31,310 $1,510joux.d. H.K. Banka ........................
£0 ox.div.
:
9497)
$500
-2
*****
Do. (London) E13) · Chartered Banki ..... Marcantile Diks. "A"
£139Marcantile Bk. "C"
$60
$80 Douglasos ...............
324
Steamboata sea Indo-Chinas (Pref.)....
Indo-Chinas (Def.)
91/8 Shella
Walorboats
21
cum.d. $1,10 ex.div. £
£12
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices dropped 1/8 yes- terday for both.. deliveries, the quotatioris. being 18 7/16 for Ready and 195/16 for Forward. Sliver advices reported the market,as be ing steady with some general sell- ing, Later India bought at the quoted rate. There were sellers at 1/16 higher. American Silver was quoted at 42 3/4 for Spot.
The London-New York cross- was quoted at 489.06. New rate York-London was quoted at 489.
Quietly steady.
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Router's Service),
High Low Dow Jones Averages 144.91 98.95 so Industrial
QUOTATIONS
Aug. 2
Aug. 4, 1938. High Low Close Ubang
141.87
28.33
20.63
20.71 20,36 "20.39
.25 off
90.30
90.09 48.92
Si off
10 up
39.77 19.00 90 Rails 22.55 10.16 10 Utilities 92.70 83.39. 40 Bonds 49.00 $3.03 11 Commodity index 49,19
ار
143.40 141.10 141.73 34 of
28,50 28,01 28.03
93 off
Business Dons ——190,000 sharea.
STOCKS
Last Sale August 2 3
164
Great Western Sugar 273 Greyhound Corp 161
Hecker "Products
Int. Nickel
ક્ર
501 497
Int. Tel & Tel Kennecott. Copper... 41
Lockheed Aircraft. ... 131
41
FRIDAY, AUGUST 5, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
HONG KONG
New York Commodity
(THROUGH
New York, August 3.
New York Cotton New York Rubber Chicago Wheat
Market
REUTER'S SERVICE)
Prev. Today's
High Low Close Close Change
B.SI 8.43 .8.49 8.48 .03 off 15.88 15.90N .02 up 671 671 671 553
54+ 55 541 772 781
тва 751
up
up
1 tip
Last Sale
August 2 3 I 317
181
13
502
51
981
99
4
201*
201
.21F
Libbey-Owens- Ford
341
341
Glass
***
15
*151
20
Loew's Inc.
49
474
501
LOLITA
Martin, Glen L.
241
24
271
McKesson
Rob-
1401
binis, $3 pt.
88
Monsanto Chemical
3+1 91
34
911
101
Montgomery Ward 47.
401
367
351
Nat. Dairy Froducts 151
153
Acuson. T. & S. F. 361
361
Nat, Distillers
254
Auburn Motora.....
#
4*
Nat Power & Light (7
Baltimore & Ohio
94
.. 83.
Nat Supply Corpn. 20
$3.45
19
$21
SHANGHAI DOLLARS
Barber & Co...
21
192
New York Central...
191
181
$20
184 3/4 sellers.
115
$115. Shanghai Dooks B..... #3.90 Now Engineerings 8.
SHANGHAI MARKET
Barnsdall Of ....... 191 Jethlehem Steel....
191
581
58
N. America Aviation 101 North America. Co. 21
101
211
Lands, Hotels, "and")»
Buliding
8.1/16 sellers. U.S.$18.7/16 sel- Boeing Airplane Co. 284 lers.
28
Northern Pacine......
123
121
165
$107
HK. Hotel........................... H.E. Lands.........6.
*48
|37|188,
$107
Do. 1% Debentures
IN THE AFTERNOON The market was quiet in the afternoon.
Borg-Warner" Sriggs Mfacturing. 331
311
31
Picine Gas & Elec
27
27
320
Pacific Lighting
394
394
Brooklyn-Manhattan
Packard Motors
'51
Trans. .....
114
11!
Paramount Pictures 101
Brooklyn-Manhattan
Pennsylvania E.F.
214
$8.40 Bhanghai Lands 8.
$67.
STERLING
$3.95
H.H. Baalties
$8.30
#9.3: Humphreys
sto Chinese Estate ....................
་ Cotton Mil
$18
Ewos (B.)......
#171 $87
$95
S'hai Cottons (8.)
$244
The market closed with sellers at 1/2 31/32 August-October and 1/2 15/16 November-December. buyers at 1/3 Cash-September and 1/2 31/32 November-December.
$6 cum. pí. Canadian Pacing Case. J.L
33+
322
Phillips Petroleum
L
414
411
7
62
Public Service of NJ. 301
100
100
Pure Ou
111
Chesapeake & Ohio Chrysler Corpn.
311
30+
Radio Corpn. of Ari
7
711
704
Republic Steel
19
$37
Zoong Sings (8.)......
$42
$42 Wing On Textiles (B.)
"Public Utilities
$17.60 Tramways.......
$17,60 cum.d.
Peak Trama (old)......
$3+
Peak Trams (new)................
$79
$80
$80
Biar Ferries ...AKSIMA
$24 $24
$90
38
-$801
318
F'mati Ferries C.R.§
Do. (new)
China Lights old)..
Cbias Lights (new).....
H.K. Electrica ...............
Macao Electrica ......................... Sandakan Lights
Telephonse (old)...................-
$0.80 Taleplanes (new)......
25/3 Tractiva ----
28/3 Tractions (pref.) w****
13
$25.06 $94.80
U.S. DOLLARS There were sellers at 30 1/2 August-September "and 30 7/16 October-November. buyers at 30 9/16 Cash-September and 30 1/2) October-November. «
Columbla Gas & E. Columbia 6% "A" Dr. 869 Commercial Credit.. 47 Commonwealth & 8. Commonwealth & 8.
74
7
68
Reynold Tobac. "B" Schenley
431
201
472
Schenley, 51% pid... 75.
1+
11
Sears Roebuck
721
Shell Triton Où A... :17)
6% cum pr.
37+
37
Secony-Vacuum Oli 151
15
Consolidated Edison :27%
274
Southern Pacife
19
Consolidated On
10)
101
$11.10
Continental Can
48+
44
Southern Rly $5 pfd. 182 181 Standard Brands"
B
81
$601
H. K. STOCK EXCHANGE
Continental Ou......
35
341
Stand Gas & Elec. 41
Corn. Products
681
681
Standard Oil of NJ. 57}
Curtiss Wright (C)
51
51
Stone & Webster... 10 101
Curtiss Wright "A" 23
231
$27 $9.80 24/6
Distillers Corpo. Sea-
Swift Internationai 29 Technicolor
25
17
17
YESTERDAY'S
grams
Texas Gulf Sulphur 34
Douglas Aircraft
501
601
20th Cent. Fox. Filma25
Industrials
$14
Caid., Macg (Ord )§.
$14
Cald., Mucg, (Prot.) 8.
OFFICIAL
QUOTATIONS
Du Pont
128
127
Eagle Picher Lead 11.
107
Union
do. Films pf. 337 334*
Carbide
Elec Bond & Share
'8+
..81
Carbon
831 823
$1,70
Cauton loeroppen,
$1.80
$16
Comenta
$184 $16.70
The market was very quiet but Elec. Bond & Share with a steady undertone.
Union Pacific-
32
$5 pr.
51
52.
United Aircraft
28
$4
Roper KANN
Consolidated
4
Elec. Bond & Share
United Airlines Trans 104
BUYERS
፡፡
$26
$6
Dairy Farms
87
*༣་
70 cta Wm. Powell........
$7.38 $7
$7,35
$7.30 China Prov. (old)
$6.00 China Prov. (new)..............
Miscellaneous
Ch. E'tainments $8,55, Constructions (old)...........! Constructions (new)........|
$8.70 Lane Crawfords.........
Nanyang Tobacco .......
12:20 Sinceros
83pm.
350
Watacris Ch.G.5% 1925G.Bds.
H.K, Gort. 4% Losne
PA
H.K. Gort. 31% Loans | $1014 H.K. Wing On........................ S'hai Wing On........
$5.10, Vibro Piling ........................... 12/3 Maramans Inv. (Lou.)
Marsmana Inv. (H.K.)
*Sales to Shanghai
LONDON EXCHANGE RATES
::
37.10
HK. Bank (Lon.), £90 ex. d.
$6 pf.........
557*
571
United Corpn.
3
88.00
Elec, Power & Light
United
$3 Corpn.
Union Insurance, $497.
$1 pf.
391
391
Union Waterboats, $9.
1201
Flintkote
221
Raubs, $9.70.
Gen. America Trans 49
cum pi.......... 311 -313 United Gas Corpn. 21 *481*
4
Venz. Goldfield, $3.
Gen. Electric
411
411
Un. Gas Iprovem't.101 U.S. Rubber
45
H. and S. Hotels, $6.65."
Gen. MotorS
431
431
U.S. Rubber pi........ 811
$8
32
$7.30 7.35/40
810
$1064 ex
R.K. Landa 4% Deb. $107. H.K. Realties. $5.85.
Gen. Railway Signal 211
217
U.S. Steel
60
Glidden Co.
231
**
Vanadium
..............194
Goodrich (B.F.) ......
241
231
Warner Bros. Pict...
61
Goodrich $5:p..
59
584
Westinghouse Mec. 1034101)
Goodyear Tire & Co.
27
26
Woodward Iron Cor. 191
Great Northern Iron
Ore
Chase National BK 32)
131
134.
National City Bank 281*
ཙཱནཱཝཙ༠༧ ཙཏོཝོནཱ, =ཝིཡྻཱཏྟཨྠ=སཱཧྲྰིཧྲྰིཊྛཱཨྰཿཀྰ༠ཙོཙཱཅུམྨ་ྔཙནཱཨྠཙྪཨྰཿཛོཛོཀྰ༠༧རཱཊཿཐྰརྰགྷནྰཏྟཾ,a8ཋn 3reཏྲྰཾབྷཱཀྐནྡྷནྡྷནྟི
October
Sept.
15.81 15.81
Sept,
681
Chleago Corn ...... Winnipeg Wheat-
Sept. October
253.
NEW YORK COTTON October December January
Close
Opening
Closing
Change
8.49/50
8.47/45
8.46/46
.03 08
8.53/58
8.54/54
8.53/53
.05 off
(1939)
8.60/60
8,58/50
8.55 N
.05 of
March
8.61/64
8.18/61
9.60/61
,04" off
May
" }
8.67/67
8.64/64
8.63/63
.04 off
י
July
8.70 N
8.67/67
8.86/56
04 off
Spot
8.59
8.58
.03 of "
NEW YORK RUBBER
5
September December
15.88b/91a -15.96716,00 16.10/14
15.96b/18.06a 15.90 N
.02 up
***
March
May
16.04b/06a 18.13 N
16.20/22
16.02b/03a 16.10/12
18.16/16
dn 90':
.06 up
.03 up
291
117
187
431
192
Säles for the day:
CHICAGO WHEAT
September December..
4.550 tons.
671/67
..: 69/68
671/672 691/601
751
May
714/716
671/671 69/691 718/714
+ up
wach.
ł up
73
Tuesday's Sales:-
17.153,000 bushels.
CHICAGO CORN
182
September
December
......
May
55/551 521/521 544/541
552/551
527/523
548/543 52/52
1 of
1 off
54/541
+ off
57
M
WINNIPEG WHEAT
28
241
October
751/75) 761/77
761/76
7 up
341
December
241
Muy
744/741 754/751 762/782
751/751
1 up
.772/772
1 up
NEW YORK STRAITS TIN
82
September,
43.85 N
43.40b/85a
43.75 Nom.
NY Silver. Official ... ... 42-3/4
28
NY-L'don Cross Rate... 4,90
42-3/4 4.89-1/8
3
COMMODITY
MARKET REVIEW
104
438
531
(FROM PAYNE & CO.)
191
19
321*
23*
SPOT:
35
Great Northern Rly. 221
217
Call Money
10
H
OCT.-DEC...
1 ex. div.
• hid..
JAN-MARCH .....
SINGAPORE RUBBER
August 2
August 3
sellers
buyers sellers
change
26-1/4
25-7/8 28-1/8
of 1/8
27-1/4
27-3/4
28-3/4 27 27-3/8 27-5/8 **
off 1/4
off 1/8.
170 cta.
pm.
Paris...
Geneva
Berlin
"Athens
Milan
Copenhagen
Stockholin
Shanghai
Amsterdam
Vienna ..ol
New York......
Prague ...
Helsingfors
Bucharest
(British Wireless Service)
July 30,
August 2
378-11/34
178-3/16
21.45 12.233
21.44)
12.23
931
93 3/16
91
4.91-11/16 8.952
4.90 9/16
8.95 15/16
142*.*
1421
226]
*670
Hong Kong
1/2 31/32
Bombay
1/5 29/32
Montreal
4.931
Brussels
29.09
4.91 29.001
Yokohama
Sellers
Buenos Aires
Monte Video
Rio
Bliver (Forward)
Silver (Spot)
War Loan
UN LONDON:-
18.94.
20%
18.8 0
2-27/32
191.
191
34% 1027.
Closing Quotations
August
Telegraphic Tranefor... }
Bank Bills, on demand
1938."
Credits, 4 months' sight 1/3).
ON NEW YORK:-
19-7/10. 19-9/18
31% 1027.
Bank Bills, on demand 201 Credita, 80 days' sight 30) -
ON BATAVIA-
On demand.
ON PARIST
„On Manila 2---
361
UN SHANGHAI
On demand
170 nom,
Bank Bille, on demand 1,095 Credits, 4 months" sight 1,180
ON SAIGON:-
ON SINGAPORE:-*
On demand
100
On demand
19 JAPAN:-
On demand
On Bisdrök:-
On demand
100%
On' demand
601
1498
L INDIA:
Telegraphic Transfer.
Bantha dema
167
an silver, per ow
Sovereign Noten
Bank Buying Rate.
Peak Trams (Old), $64. Yaumati Ferries (Old), $24. Yaumati Ferries (New), $24. China Lights (Old), $10.90. H.K. Electrics. $60). Telephones (Old), $282. -
Watsons, $7.35.
Constructions. $12.
H.K. Govt. 4% Loan, 54
HK. Govt. 31% Loan, 11% pm.
Marsmans (HK). 3/3
SELLERS
HK. Bank, $1510. Watsons, 57.50.
SALES
H.K. Bank. $1510 c.d. Union Insurance, $500. H.K. Lands, $37-38. HK. Electrics. $801.". Watsons, $7.35.
H.K. Govt. 4% Loan, 84% pm. Prices below in Phil. Currency) Antamoks Pa., 38
Atoka. 281
Baguio Gold, 21
Benguet Consol.. 11.20
Coco Grove. .42
Consol. Mines. .0045 San Mauricio, 48 Suyoc Consol. .17 United Paracales. 32
B.K. SHAREBROKERS' ASSOCIATION BUYERS
Trama, $17.40
China Lights (Qld), $11. China Lights (New). $8. Waterboats, 39. Antamoks. 61 cts.. Govt. 4% Loan, 6 cts. Watsons, $ik.
RALES Trams, $17.40. Hotels, $6.65. Steamboats, $21:
HONG KONG MINES OUTPUT
Shanghai Being Isolated
By Japanese Refusal To Allow River Dredging
London, August 4.
In a letter to The Times today, Mr. Edward Mackay, former chairman of the 'Shanghai Chamber of Commerce, says that with re- gard to the refusal of the Japanese military authorities to allow the Whangpoo Conservancy Board to continue dredging the river be- tween Woosung, and Shanghal, deep-draught vessels, most of which are British and American, will soon be unable to reach the port..
He
says he understands the Canadian Pacific and President liners have already intimated their intention to omit calls..
No reason is advanced by the Japanese for their action which. with the fighting area far removed from Shanghai, cannot be justified.
The Japanese may have in view development of Woosung as a port to cater to the valuable export and Import trade of the Yangtse northern and southern ports, leav Ing Shangbal high and dry, says Mr. Mackay or they may wish to develop Tsingtao as such a port. ISOLATING SHANGHAI
AUSTRIAN
INDUSTRIES
PASS TO STATE
The bulk of Austria's private- ly-owhed electrical, steel, and automobile industries passed Into the Government's" bands fecently to be incorporated in the new State-owned Hermann Goring steel works.
buyers
26 ........ 27
27-1/2 Steadier advices received from London and New York were res- ponsible for the market opening 1/4 of a cent higher for all deliveries as compared with Tuesday's closing rates.
Throughout the day the market displayed a steady undertone. Demand for spot Rubber was fair, whilst good enquiry by dealers and speculators was in evidence,
J
After some business having been transacted on basis of quoted rates, prices advanced by 1/8 cent for forward options and 1/4 cent for spot Rubber on persistent further general buying.
Closing tone was quiet, but steady.
It would appear that the trend of the market in the immediate future will be largely dependent upon further developments in the Far Eastern political situation. It is also of interest to note that the difference between October-December and January-March positions has now widened to 5/6 cent and as a further widening of this dif- would ference is expected with the approaching delivery-time, it seem to be advisable not to unnecssarily delay switching operations to more distant deliveries.
SPOT
OCT.-DEC.
LONDON RUBBER
Previous close buyers sellers .....7-11/16 7-3/4
7-13/167-7/8
Today's close buyers sellera change
mch. 7-11/16 7-13/16 7-13/16 7-7/8- JAN:MARCH ... *...... 7-7/8 7-15/18 --7-7/8 -- 8
After responding to a little Continental trade demand, the mar- ket closed quiet.
".
NEW YORK COTTON-
After an early decline on lower Liverpool cables, prices then ral- lied on Trade buying and reports of "further rains over the belt. Later, the market again eased on pre-Bureau liquidation; an increase in private 'estimates and the reaction of the stock market from its early firmness. There was some Trade price-fixing of the scale- down and a moderate, "spot" demand."
NEW YORK RUBBER
An official announcement dis- In either case, if they render the closed that a majority of the stock. Whangpoo unnavigable to deep of the companies became avaliable
Prices early responded to higher cables from abroad and the bet- draught vessels they will isolate to the Government through the Shanghai and millions in British merger June 18 of the three largest ter feeling of securities. Commission-house buying absorbed foreign Austrian banks the Merkurbank, and dealer offerings, but prices later reacted downward on the easing Landerbank, and Zivnostenska-of the stock market and on further selling. which was accredited to which now are under the domina-foreign account. tion of the State-owned Dresdner Bank.
capital will be lost.
The letter adds that the British Ambassador to Tokyo should be invited to ask the Japanese For eign Minister what is the objection- to the Conservancy Board carry-
CHICAGO WHEAT
Nielson & Co, Inc, managers for the Hong Kong Mines, Ltd, report 3.821 short dry tons of ore treated
Included in the transfer were the General buying and covering, the unexpected upturn on the for the month of July; from which 837 dry short tons of lead concen- ing on the vital work of dredging Steyr, Daimler, ang Puch automo- Liverpool market and diminishing South-Western receipts caused an trates were produced, averaging the Whangpoo, and he should acbile works, the Bimmering Railway early advance. Finally, prices reacted on professional opposition. Judenburg Steel iberal Russian offerings abroad and a fair-sized estimated increase cept no reply which savours of pre-Car factory, 1/21/1871.74 per cent. Lead and 18.87 02.
TWorks, and Vienna Pauker Works in European production. varication(Reuter)." Silver per tor 19.7/18
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