1938-08-31 — Page 12

1938

11,440/50

£37)

£12)

£28

£13

India Speculators sold. Later America was inclined to buy at

STOCKS

238

the quoted rate.

***

::

$6.00

139

$210

18.10

$19 70

$512

$2

N. C. & B. Banka.....

Lasorances

Canton Insurancho.

Upior IsarRATOR.

Lidorwriters .......

11.5 Fires

Shipping

Douglasal......

Indo-Chinas (Prof.)..

Indo-Chinu (Dal.}.....

87/8 Shelis

Waterbonta

14/6 Kailans

Mining

$10.10 Rauba .........

43.Venezuela Gold Fida. 7ct Hong Kong Mines......

Docks, WharZTÉS,

Godowns, eta,

13 H.K. & H. Wharton... $7.60 Providants (old)....... $7.45 Providenti (new)......... $0 K. & W. Docks.... Do (now).........

8131 Shanghai Dooka By. $3.90 | New Engineerings S.

Lands, Hotels, and

7.10/6.90.

Buildings

H.E. Hotala

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

12..

Adams Express .......

American Silver was quoted at Alleghany Steel Co. 18

$425

42 3/4 for Spot.

'Allis Chalmers

$516

The London/New York cross-

Amer. Can......

PAGE 12-HONG KONG DAILY PRESS

१३

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers' Association

Bayern

| Nominal Bellors sale

TUESDAY, AUGUST 30.

Bayers Sellari

Salon

Nominat

Banks

$1,440|/1,447}| H.K. Bazka....unsere

£87 Do. (Ladon) ...............

Mercantile Bks. "A"

2139 Mercantils Bks. "C"

£12) | Chartered Banks

228

Bank of East Asia...

188

1926

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Tuesday, August 30. Silver prices dropped 1/8 yester- day for both deliveries, the quota-, tions being 19 3/18 for Ready and Silver advices 19 tor Forward. reported steady.

the market as being Purchases were made by

FINANCE

?

NEW YORK STOCK EXCHANGE

Through Reuter's Service)

QUOTATIONS

Aug. 30" 1938. High Low Close Chang 139.08 184.84 137.06 429 off 8.0 27.30 21.43 1.93 of 19.00 19.02 1.13 .78 off 88.67 .40 of

7.69

WEDNESDAY, AUGUST 31, 1938.

PAYNE & CO.

"COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE RUBBER"

Low Duw Jones Average, Aug. 37. High 145.67 98.95 30 Industrial

141.95 $9.77

19.00 30 Railr 29.55 15.14 20 Utilitie '99.70.-83.39 [ Bords

59.00 45.03 11

228.71

19,89

89.27

Joramodity Index unquoted

Business Done-1,250,000 sbsted.

Last Sale

STUCKS

Last Sale

Aug. 27 29

Aug 27 29

11*

101

Great Western Sugar

261

2GA

171

Greyhound Согра 171

16

49

48

Hecker Products

71

71

981

957

Int. Nickel

".491

47

rate

2210

was quoted at York/London - Was

487 qucted

New

Amer. & For. Fower

3}*

31

Int. Tel. & Tel

81 81

at

Amer. For. $7 pf. 19

13)

Kennecott Copper...

41}

.301

436.15/16.

Amer. Locomotive... 20

19

Libbey- Owens- Ford

180

$29

Steambosis .................................

SAO

$24

::::

A

$75

MARKET

$23

Amer. Metals

351

344

Glass

521

497

SPOT

$80

$24 87/6 19.15

17/0

$10 $3

$130

$3,80

$3.70

+

$201

819,701

$130 $3.95

$8.85

7.20/6. 35...

5381

$107 Do. 4% Debentures

$8.4 Shanghai Länds 8.

$5.90 H.K. Realties

302

Humphrey

to Chinese Estates

Cotton M

$17

85.90 101

A shade steudler.

STERLING

Was on offer at the opening at 1/3 for near and 1/2 31/32 for Forward, buyers bidding 1/3 of October. There was no change in these rates during the morning. A small business was rumoured at 1/3 Octuber.

U.S. DOLLARS

Opening with sellers at 30 3/8 for October and 30 5/16 Novem- ber/January buyers at · 30 Cash and 30 7/16 September at which rates the market closed.

SHANGHAI DOLLARS

174 1/2, F

SHANGHAI MARKET Sterling opened with sellers at 8.1/2 and closed with sellers 3+ 8.17/32 for Spot. U.S.

Amer. Radiator .............. 151 Amer. Rolling Mill... 191 471 Amer. Smelting ...... Amer, Sugar Ring... 231* Amer. Tel. & Tel 1432 Amer. Tobacco "B" 20 Amer. Waterworks ........ Anaconda Copper ... Atchison, T. & 8. Fe. Auburn Motors ...... Baltimore & Ohlo Barber & Co. Barnsdall Off

148

Lockheed Aircraft

14

137

OCT.-DEC.

171 46

Loew's Inc.

491

474

JAN.-MARCH

August 27

August 29 buyers sellers buyers sellers, Change

41

27-7/8

off 1/9 27-1/2 27-3/4 27-5/8 28-1/8 28-3/8 28 28-1/4 off 1/8 28-3/4

28-5/8 28-7/8 of 1/8

Martin, Glea L....

221

221

231*

McKesson & Rob-

1421

bins, $3 pf.......

351

884

Monsanto Chemical 95)

351 93

10)

91

Montgomery Ward... 471

454

341

321

| Nat Dairy Products 131

13

31

351

Nat. Distillers

241

24

*

2

4

Nat. Power & Light

7

6

8)

77

Nat. Supply Corpn." 18

171.

201

191

New York Central..

19

171

1.08

171

N. America Aviation

91

..9

12ethlehem Steel

591

55

North America Go.

201

101

Boeing Airplane Co. 201 Borg-Warner

25

Northern Paciac..

121

114

341

327

Pacific Gas & Eléc

201

Briggs M'facturing 351

333

Pacific Lighting

361

354

Brooklyn-Manhattan

Packard Motors

51

5

The Singapore Rubber market opened with prices, 1/8 lower for all deliveries buyers upparently adopting a waiting attitude pending further news. Shortly after the opening on receipt of telegraphic advice of serious political tension in Europe, the market slipped un- der heavy selling pressure from speculators and dealers (reported for London interests) and business was done down to as low as 28-1/8 for January-March corresponding rates for other deliveries.

The afternoon session was practically a repetition of the morn- Ing market and business was recorded down to 27-1/8" for Jan.- March

Statistically the Rubber market is very healthy, but until the Sudeten problem has been satisfactorily dealt with it is difficult to 261. visualize substantially higher prices.

LONDON RUBBER

Trans.

10

91

Faramount Pictures 108

10

Brooklyn-Manhattan

Pennsylvania R.R...

201

194

Dollars

.36 cum. pi. Canadian Paclic

301* 28

Phillips Petroleum ....

391

381

.61

6

Public Service of NJ.

29

291

SPOT

opened with sellers at 17.144 and closed with sellers at 17.5/16.

Case JZ

891

68

Pure Oil.......

101

10

OCT.-DEC...

120.10 Ewo (S.) st

307

S'hai Cottons (S.).....

*20/*20,50

$98

Chesapeake & Ohio 311 Chrysler Corpn.......

294

Radio Corpn. of Am.

73

71

JAN-MARCH

741

Republic Stee!

181"

171

Previous close

Today's close

sellers buyers

buyers sellers

8-1/16 8-3/16 7-7/8 7-15/16 8-1/8 8-1/4 7-15/18 8 B-1/4 8-5/16

Change

off 3/16 off 3/16

B

8-1/8

of 1/4

41

IN THE AFTERNOON

Columbla Gas & E· $1

62

Reynold Tcbae. "B"

424

42.

$244

324

Zeong Sings (8.)

$42

Wing On Textiles (8.)

The market was steady in the Columbia 8 "A" pf. 86 *- afternoon.

633*

Schenley

181

171

17/201

B01

Public Utilities

Tramways

Peak Trams (old).....

STERLING

$17,40

Commercial Credit. 493 Commonwealth & S Commonwealth & 8.

471

Schenley, 52% pfd...

775*

.74 *

11*

11

Sears Roebuck

73

701

Shell Union Ol

151

141

330

Peak Trains (new)...............

$78

39.30

*#261

な

26,0

Tractions (pref.).....

$14

Cald, Macg (Urd) S.

$18

Star Ferries

3247'mati Ferries C.B.B

$24

Da.

$11.85 China Lights (old)..............

China Lights (new)..

61 1.K, Electrics

$17 Macao Electrica.....

Sandakan Lights.

Telephouse (old).

$8.56 Taleplumes (new)....

Tractions ----

industrials

(Dew)$

381)

$26

,;:... ཀྟྭཱ སྒྱུ

43

"Some business was reported at 1/3 for October. The market

577)

$242

824

$112

$9,85

246

175,

::

Cald., Macg. (Prof.18.

11.70 Canon ices

$17.99 Cerdeste ------

34.90 Ropes bake og sette

Consolidated

China Prov. (old)................

China Prov. (new)..

closed with sellers at 1/3 August/ October and 1/2.31/32 November/ January, buyers at 1/3 1/32 Cash/ October and 1/3 November/Janu-

ory.

U.S. DOLLARS

Sellers at 30 3/8 August. "October and 30 5/16 November/January. ! buyers at 30 1/2 Cash/September and 30 7/16 October/November.

SHANGHAI DOLLARS

SHANGHAI, MARKET,

8% cum pf........ 361 Consolidated Edison 25 Consolidated Cil Continental Can Continental Of

Socony-Vacuum Ol

14

13

26

Southern Pacific

.19

172

91

81

Southern Rly $5 pid.

18%

171

421

414

Standard Brands ....

T

71

303

30

Stand Gas & Elec.

..34

Corn. Products

09)

681

Standard Oil of N.J.

631

52

Curtiss Wright (C) Curtiss Wright "A" 221 Distillers Corpo. Sea-

5-1

*

Stone & Webster

101

91

211

Swift

International

27

261

Technicolor

23 *

22

grams

17

18

Texas Gulf Sulphur

36-

3511

Douglas Aircraft ...

48

45;

20th Cent. Fox Filma

251

Du Pont

... 134

129

do

Films pf...

332*

241 323

h

Eagle, Picker Lead 10 Elre. Bopd & Share Elec. Bond & Share

101

Union

Carbide &

71

71

Cartones

821

791

Union Pacifi

88

**

8177

$4.90

Sterling closed with sellers at 8.17/32 and U.S.$ at 17.5/18 for

48 *

$5 pf.

.48

United Aircraft

273

2G

Elec. Bond & Share

United Airlines Trans

91

BA

Spot.

$6 pf.

541*

United Corps. 541

21

28

37.80

Elec. Power & Light

United Corpn. 53

87.40

ST pr

36.

35

cum..pf.

32

314

Miscellaneous

Flintkote

23

211

United Gas Corpn

3:

32

a26

Dairy Farma

$26

16+

Ch. E'tainmeûti .........................

$1.50 Constructions (old).....

31.90

Constructions (now)....

$8.70 Lane Crawfords.

$8

H.K. STOCK EXCHANGE

Gen. America Trans 491

471

Un. Gas Tprovem't

101

10%

Gen. Electric:......... 414

40

U.S. Rubber

451

423

Market easy. mainly in sympathy with the East but closed frac- tionally above the lowest on little American support.

Rubber stocks held in the United Kingdom showed an increase of 13 tons for the week ending August 29, 1938.

NEW YORK COTTON

Prices went lower on the decline in securities following on re- ports from Europe of war dangers and further eased on Liverpoci selling and liquidation, with the off-take poor. Towards the close, the market weakened still further on additional liquidation and for-

ign selling, and prices ultimately closed barely steady.

NEW YORK RUBBER

political The weakness of the London market and European tension caused a lower opening and prices further receded on conn- mission-house liquidation and selling by outade interests. Large Iactory interests bought on the scale down and prices partially reacted before the close of the market

CHICAGO WHEAT

After a steady opening, the market drifted downwards on "pro- ft-taking liquidation of September position, the heaviness of securi- ties and the apparent inablilty of Canada to agree to a cooperative wheat export plan. It is feared that this will result in an interna- tion struggle for the export markets, with a consequent lowering effect on prices.

1

י.

Gen. Motora ..

481

45

U.S. Rubber pt.

871

841

Gen. Railway Signal 201*

20

US. Steel............

591

501

/.pm

Nanyang Tobacco

71 Ch.G.5%19250.$8.

Glidden Co.

23?

42

Vanadium

19

181

$2.20 Sinceres

$2.10

Goodrich (8.7.)

241

221.

Warner Bros. Pict......

64

6

38.15 Watsons

18.15

Goodrich 45. pl.

58

551

Westinghouse

Elec. 102.

981

41

71%

H.K. Gort. 4% Loans

$105 $108.

H.K. Gork 31% Loans

360

H.K. Wing On

$1011

350

.

Goodyear Tire & Co. 281 Great Northern Iron

Oce

261

Woodward Iron Cor. 19;

18

Chase National Bk.

301*

30 *

12}

121

National City Bank "241"

S'hai Wing On...

·351

201

Call Money

1%

24 .1%

$8.40

Fi

: ez diy

• bid.

12/6

Maramans Int. (Lon.)

$6.35 Vibro Piling

3/4. Marsmana Iar. (H.K.)

70 ota Wr. Powalla

LONDON

183 cts.

*Sales to Shanghai

EXCHANGE RATES

British Wireless Service)

21.29

Aug. 26.

3.

Paris

178-21/64

Aug. 27 178-21/64

Geneva

Berlin

21.31 12.154

Athens

Milan

921

92-9/18

Copenhagen

Stockholm

Shanghai

18.73 eld

4.87-7/16

8.92

4.87-1/16 8.94

Prague

1411

141

Helsingfors

2261

Bucharest

670

Hong Kong

1/2 31/32

Bombay

1-5d "53/64

Montreal

Prussels

Yökohama

New York

Vienna

Amsterdam

Sellers

Buenos Aires

Monte Video

Rio

Silver (Forward)

Suver (Spot) ...... War Loan

IN LONDON:--

4:881 20.83-3/4

4.87-11/16 28.81

19

19

201

2-27/32

19-1/8.

19-5/16

19 19-3/18 31% 102-15/18 - 31% 1021

Closing Quotations

August 30, 1938.

Telegraphic Transfer... Bank Bills, on demand }

Credita, z moliths' right " 1/3}

UN SHANGHAI:--

On. demand

UN NEW YORK:-

Bank Bills, os demand 201 Credits, 60 days' sighà 304 ON BATAVIA:-

On demand. ON PANTS:-

554

Bank. Bills, on demand 1,095 *. Credita, 4 months' sight - 1,180

YESTERDAY'S OFFICIAL QUOTATIONS

Market ruled steady with general enquiries, particularly for Trams and Hotels, at rates which are not freely attracting sellers.

BUYERS

Hong Kong Bank, $1440. Canton Insurance, $225. Union Insurance, $505.

H. K. Fire Insurance, $210. Union Waterboats, $9.10. H. & S. Hotels, $6.95. Humphreys. $91.

H, K. Tramways, $17.20.

Peak Trams (Old), $83. Sandakan Lights, 59.30. Watsons, $8.15.

H., K. Govt. 4 per cent Loan. 6

cent pm.

H. K. Govt. 34 per cent Loan, 1

cent pm.

SALES

Canton Insurance, $226.

Union Insurance, $595.

H K Fire Insurance, $210. Raubs, $10.

H. K. Tramways, $17.20, Telephones (Old), $261. -

(Prices below in Phil Currency)

Antamoks Ps., "37

Atok's. 35

Baguio Gold, .244

Benguet Consol, 11.40.

Coco Grove. 441° Consolidated Mines. .004" Demonstrations, .30 LX.L, 65

© Paracale Qumaus, 16)

San Mauricio, .61 Suyoc Consol., .18 United Paracales. 34

H.K. SHAREBROKERS' ASSOCIATION BUYERS

BELLERS

170.nom.

ON SAIGON:

UN SINGAPORN:

On demand

109

On amand

ON MANILA:

Banks, $1430. Hotels, $8.35.../ Electrics, $60%.

A JAPAN

On demand .....

601

ON BANGKOK?—

On demand

108)

On demand

1408 :

Bovereign Notes

Talographic.TVERSKI

*}02-3/16"

Bank Buying Rate

1/6-1/16

Har Kilver pŒF GF versing

19.3/10

Electrics, $61

SALES Unions, $505/6. Electrics, 381.

Great Northern R17, 22

Britain's Output

Decreases

Decreased output for nine

out of ten of Britain's indus- trial groups, and the first gen-

in eral decline

production since 1933, were shown

by 1 "figures, in the Board of Trade Journal on August 17 on in. dustrial

the activities for

In respect of the chemicals and olls group..

The only group increase was per cent for gas and electricity,

New York Commodity

Market

(By Courtesy of Mesara "Swan, Culbertson & Fritz and S. E. Levy & Company)

New York Cotton New York Rubber Chicago Wheat

Chicago Corn

642, 637.. 1 off

521 534

649 857

New York. August 29.

High

101

October 8.28 8.18 Sept: 18.27 18.17 Sept.

631 Sept. 531. 62%

t2

Prev. Today's Low Close Close Change. 12, off 18.57 16.10b 47 off

8.13 8.30

65

Winnipeg Wheat

October

047 601

11 of

1 off

RAIL TRAFFICS SLUMP Despite the increase of 5 per NEW YORK COTTON cent. In freight rates and passen-

Close

Opening Closing

Change

8.30/30

8.23/24

8.13/20..

".12 off

...8.36/36-

8.31/31

8.25/26

.11 off

(1939)

..:8:36/36

8.31/31

8.24/24

.12 01

March May

++

( }

{

8.36/36

8.31/32

-8.25/25

11 DE

8.34/34

8.28/28

8.20/21

14 Off

8.32/32

8.25/24

8.19 N

113 off

8.25

8.30

.05 up

ger fares, traffic receipts of the October ...

December second quarter of 1938.

four big Home rallway companies. "The Increase in the volume of continue to show heavy decreases January Industrial production, which be compared with a year ago, writes gan In the early part of 1933, the City Editor. continued for five years, the

Trafic returns for a recent week, July average annual rate of expansion recorded a combined decrease in Spot in that period being about 84 per gross receipts of £238,000. cent.." it is stated.

141

This follows a drop of £240,000 NEW YORK RUBRER "The rate of increase decilned, in the previous week, and makes however, to about 4 per cent. in the total decline from the begin-September the last quarter of 1937, and to 1ning of the year £3,071,000. per cent. in the first quarter of

this year.

"In the second quarter there was a decline, as compared with output in the corresponding period a year earller, of about 84 per cent.. manufacturing. production showing a similar decrcase."

In contrasting the large re- duction in output, it should be. noted that the Easter holiday . fell in the second quarter this. year, but in the first quarter iri 1937. The general index for the June quarter this year "(122.1) was about the same as" that for the Jane quarter of 1936 (1223)

1.-

The largest decrease. In the second quarter compared with 1937 was in respect of textiles (21

per, cent).

|

MARSEILLES DOCK

DISPUTE

L

16.57/57

18.19/17

16.10b/17a

.47 off

December

16.78/79

16.40/37

16.31/34

.47 "off

March May

18.95/91

18.52/48

16.44/45

.51 off

17.00/00

16.53b/60a

.47 off

Sales for the day:

CHICAGO WHEAT

4,890 tons.

847/85 661/661 681/681

641/641

€32/64

601/601

651/651 '671/674

off off

Saturday's Sales:

26.947.000 bushela.

530/53) 531/531 52/52) 537/541

621/62

511/514

527/53

"off 1 off

Marseilles, August 30 Work on the waterfront was September normal yesterday but dockers re- December fused to work overtime last night May because Union leaders had not reached a definite decision re-

garding the new scheme "under CHICAGO CORN which longer shifts would be worked.

May

September The men claim that more doc. kers are able to obtain a share in December the work under the old scheme than under the new system." A settlement is expected-(Repter),

WINNIPEG WHEAT

October,

The total sum received by the December Shanghai Municipal Council up to May

There was a decrease of about August 20 in respect of contribu-

******* 651/6851

651/651

1/65#

641/641 637/64 671

off

17 per cent for the engineering tions under the voluntary enter- | NEW YORK STRAITS, 857553

and shipbuilding group." resulting tainment levy, covering a period

mainly from decreased activity in of seven months from January 20 September

electrical engineering and motor to August 17,

car production, and a similar fall $182,452.74.

amounted

43.40 N 42,-3/4 NY-L'den Cross. Rate... 487-6/16

to NY Süver, Omciale

42.50b/99% 42,90 NA

42-3/4:0 4.86-15/16