1938-09-05 — Page 12

PAGE 12—HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

By Bellor Balge Nomla:

Sharebrokers'

Association

SATURDAY. SEPT. 3.

Buyers Sellers Bates ominal'

FINANCE

THE EXCHANGE MARKET

NEW YORK

STOCK

EXCHANGE

(Through Router's Bervice)

1948

were

unchanged

مع

$1,443

$1,405

EST

Do. (London).............

Banks

H.X. Benks...............@1,460

213) Chartered Başka ber £18

Moccuntlie" Bki. "A".

1924 $110

Union InsuFRAÇOE

2

3910

'371

::

**

$7.16

***

$19.86

:::

$7,40 $7.30 | 12.40

#38)

$5.90

$3

Kailans

Raubsanda

Venezuela Gold Fide.

17 cts. Hong Kong Hi......

Docks, Wharves,

Godawns, de..

$131 H.K. & K. Whatves...

Providente (ald)........................ Providents (pow).-----+ $20K & W. Docka.....

Do $19.70

(D)...

$130 Shanghai Docks 8. $3.50 New Engineerings B.

Lands, Hotels, and

** Buildings

H.K.-Hotale Flame H.K. Lands.......B.

-$1077 Da 4% Debentures"

.40 Shanghai Jands S.

મસ

H.K. Realtim

Humphreys

Chinese Estatal

Cotton MU

$19) Rwos (8.)

8'bai Cottons (8.) .....

EBT

£12

ERA

213 Mercantile Bk "C"

£13)

188

Bank of East Asia ...

$38.

IN.C. & 8. Banks ---

Insurances

$2

$125

Canton InwarABON..........

$510

...$9

Underwriters LATE

210

Idle.

11.E. Fires

weren

Shipping

$72

Douglases

$23

$29

Steamboats

were

160

Indo-Chinas (Praf.)....

$80

194

Indo-Chinas (Del.).....

$24

89/4

89741

Shells

$9.15

19.10

Waterboats

Mining

15/9

18/0

$9.90 $3

STOCKS

cross-

New

iti

Barnsdall Ol

MESSES. ROZA BROS.

Suver prices yesterday,

the maining at 19

quotations, 1/4 for Ready and 18.15/13 for Forward. Stiver advices reported a small business. Purchases were made by India. Speculators bought. The market was steady. "American Silver was quoted at 42.3/4 for Spot.

The London, New York rate was quoted at 485.25. York/London was quoted at 485: 5/16.

MARKET

STERLING

High Low Dow Jones Averages, Sept. 2 High Low Close Unang

145.67 98.95 20 32.77 19.00 $0 22.50 16.14, 20 99.70 83.38 40 $8.00 $4.03 11

No business was reported. There

sellers at 1/3 September November and 1/2 31/32 December/ January, buyers at 1/2 1/32 Cash/Amer. Smelting November and 1/3 December/Jan-

LINKS",

U.S. DOLLARS

There were sellers at 30 5/16 September/October. possibly No- vember and 30 1/4 December/Jan- uary, buyers at 30 3/8 September: #1191 October and 30 5/16 December.

January

SHANGHAI DOLLARS

Amer, Bugar Ping... 231 Amer. Tel. & Tel..... 143

Ainer. Waterworks. Amer. Tobacco "B" '861 341 Anaconda Copper ... Atchison T. & S. Fe. 331 Auburn Motors ..... Baltimore & Ohio... Barber & Co.

QUOTATIONS

'

'Sept, 1938

Ladastriala Haile Utilities

141.38

-149.87 · 171, 28-142.45

1.10 up

27.33

27.88 27.68 ±7.7%

40 up

18.44

19.68 19.1 18.59

.15 up

MONDAY, SEPTEMBER 5, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

Bands

68.24

Commodity Index 47.66

83.37 unquoted

03. up:

Business Done:-380,wu shares.

Adams Express ....... Alleghany Steel Co. 19 Allis Chalmers.... 491 · Amer: Can.............. Amer, & For. Power 32 Amer. & For. $7 pt. 18 * Amer. Locomotive .... Amer. Métals ....................... Amer. Radiator...... Amer. Rolling Mill

Last Sale

3 Sept. 2 111 111

19

STOCKS

Last Sale

Sept. 2 3

COMMODITY MARKET REVIEW

Great Western Sugar 27

271*

Greyhound

Corpn. 101

18]

501

Hecker Products

71

71

9%

59+

Int. Nickel

49

481

33

Int. Tel & Tel...

81"

(FROM PAYNE & CO.)

SINGAPORE RUBBER

18 *

Kennecott Copper... 401 :

911.

193

203

Libbey-Owens- Ford

351

351

Glass

524

53

15

18

Lockheed Aircraft

141

1-44

18.

183

Loew's Inc.

514 52

SPOT

OCT. DEC.

487

40+

Martin, Glen L ......

-22

221

-JAN-MARCH

231

McKesson &

Rob-

144

bins, #3 pt.

34

871

Monsanto Chemical 95

34* 95*

91

32"

71

201

20

17}

18

$20.80

176.

Bethlehem Steel

531

$19.60 $130 $3.95

SHANGHAI MARKET Sterling at 8.1/2 and U.S.$. al 17.3/16 sellers for Spot.

Borg-Wamer. Lernen

Boeing Airplane Co. 241

34

$7.16 $24

$38

| 91071

$5.80

5.90

$17.40 #61

$61

$0.35

$267

.

-

!!

$174

:

:

$11.80 $11

Pablle Utilities

Tramways -

Peak Traps old)......

Fonk Trams (Cow)..

8 Star Farríos ...........

qui Ferries C.B.$

Dk. (new)

China Lights

jald)......

81 Chins Lights (cow)......

H.K. Electrics.

$17Macao Electrics.

Baadakan Lights

Telophones (old)........

9.45 Telephonės (new)..............

2013 Tractions ********

16/3 Tractions (pref.)

$13

Industrialn

Cald., Macg (Pont.) 5.

$1.70 Canton Ice

Cementa am

$4.80 Ropes manuten

Consolidated

Chins Prov. (old)...........

China Prov. (new)....

Miscellaneous

1261 Dairy Famil son

CS. E'tainment $8.40 巴克

$1.80 Constructions (old).....

Constructions (new)..........

$8.70) Lane Crawfords

Nanyang Tobacco

$20

$96

#24)

$24

Zoong Sings (8.) ------

42

Wing On Textiles (EL)

$42

17.30 C

$17.30

17 85/43

$11.45311 70

361

181

$201

$9.85

26

$14

Cald., Macg. (Ord) S.

$1,80 #171

H.K. STOCK

EXCHANGE

SATURDAY'S OFFICIAL QUOTATIONS

Market was quiet but steady

BUYERS

Hong Kong Bank, $1445. Canton Insurance, $224. Union Insurance: $510- Union Waterboats, $9.10. Providents (Old), $7.45. Providents (New), $7.30.

H. & 8. Hotels, $7.15.

H. K Lands, $381.

Humphreys. $9.85.

H. K. Tramways, $17,40. Peak Trams (Old), $67. H. K Electrics, $81. Sandakan Lights, $9.35. Telephones. (Old), $264.

Cements, $174.

Briggs M'facturing. 35) Brooklyn Manhattan

Trans.

Brooklyn-Manhattan

38 eum: plurvynech Canadian Pacific.... Case. JL

271*

81 88

90

Chesapeake & Ohio 29

Chrysler Corpour key Columbla Gas & E Columbla 6%

741

61

641"

Commercial: Credit.. 50 Commonwealth & 8. Commonwealth & 8. 6% cum pl........

11

37

Consolidated Edison 263 Consolidated C Continental Can .... Continental ou

41.

29%

Cor Products

891

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

51

211

grams Douglas Aircraft.... Du Pont

162 161

471

1341 1311

Watsons. $8.15,

$4.00

Wm, Powell, Ltd.. $0.75.

37.80 $7.60 ̈$7,80 87730]

H. K. Govt. 4 per cent Loan,

per cent pm.

Eagle Picher Lead 101 Elec. Bond & Share Elec. Band & Share

$5 p, ...... Elec. Bond & Share

36 pf. Elec. Power & Light

$7.pl..........

72

བྷཛཱཎཾཝཱབྷཱཎྷནྣཏྟཐཱ ཙ, ནཱིཙྪཱཉྙཙྪཊྛཝཧཱུྃབྷཱཎ བྷོཛཱཀྑཱིཙྪོཡོསྶ... ཝཱནྣཏྠཱཝྃཝ

10. 341 362

Montgomery Ward.... 471

Nat. Dairy Products 131" Nat. Distillers.

244"

31*

Nat Power & Light

61

481 131 2+ * *

B

Nat. Supply Corp

17

17%

New York Centrul

18

18

N. America Aviation

91

91.

592

North America Co. 191

201

241

Northern Pacide

11

111

341

Pacific Gas & Ele

251

28.

*361

Pacific Lighting

36°

351*

Packard Motors...

5.

5

101

Paramount Pictures 111

111

Pennsylvania RR

19

191

284*

Phillips Petroleum.

391

401

Public Service of N.J.

284

: 29

Pure Ol...

101

101

Radio Corpn. of Am.

71

#

751

Republic Steel ......

181

181

61

Reynold Tobac. "B" - 42.

431

Schenley.

"178

173*

501

Schenley, 51% pid...

731*

731*

Sears Roebuck

722

Shell. Union Ou..

151

159

361

Socony-vicuunt of

14.

SPOT.

14

JAN.-MARCH

281

Southern Pacifc/...

181

-APRIL-JUNE

Previous close

Unyera

7-15/18 8

8-1/18

8-1/8

8-1/8

8-3/16

28-1/8 26-1/4 28-1/2 up 3/8

The market opened 1/4 of a cent higher for all deliveries as compared with Friday's closing quotations., '

Early in the morning the market displayed a steady undertone. due to steadiness on the American Security and Rubber Exchanges. which was attributable to reports of continued, much improved American business-activity, particularly in Steel and Motorcar pro- duction, coupled with overnight news of a more hopeful outlook on the political situation in Europe.

Good enquiry for "spot" Rudber was in eyidence. However, only a moderate volume of business on the basis of quoted rates was tramacted for Trade and speculative accounts, the approaching holl days exercising a restraining influence on operators.

Towards the close of the session, prices declined by 1/4 cent for all deliveries on general liquidation and profit-taking, particularly by Chinese interests, the market closing with a very quiet undertone.

Despite the advance that has already taken place, it is generally believed that a further upward movement will be witnessed as trade in U.S.A. and elsewhere improves and shipments begin to time for- ward in smaller volume. In view of these anticipations - it would seem to be advisable to follow a policy of conservative accumulation.

LONDON RUBBER

Today's close sellers buyers sellers

... Sept. 2

Sept. 3

buyers

sellers

buyers sellers

Change

: 28-3/4

27

27-1/8 27-3/8 up 3/8

27-1/4

27-1/2

27-5/8 27-7/8 -up 3/8

27-7/8

Change

CLOSED

9

Southern Riy $5 pfd.

18

187

Standard Brands ....

71

30

Stand Gas & Elec.

31

31*

Standard Oil of NJ

531

54

51 Stone & Webster....

10

101

22

Swift International 27į Technicolor

271

211

218

NEW YORK 'COTTON

Prices early declined up lower Liverpool and Bombay cables-to- gether with Southern hedge-selling and liquidation. Later, the market eased further on lack of support and the continued uncertainty of the European situation, with prices Binally closing barely steady.

Texas Galt Sulphur 36

36

20th Cent. Fox. Fins

271

281

NEW YORK RÜBBER

do. Flima pi....

351

-351

101*

Union Carbide &

Market closed.

Carbon

831

841

Union Pacific

871

91

46 47 *

United Aircraft

-263

251

United Airlines Trans

82

23

53 ⚫

36 1:301

54

United Corpn.

. 21

23

CHICAGO, WHEAT-

The market today was a quiet pre-holiday affair and business mostly consisted of evening-up operations. Elverpool and Winnipeg both reperted-lower prices:

United Corpn. $3

cum."pf.

317

313

H. K. Govt. 34 per cent Loan, 14 | Fifitkote

per cent pm.

SELLERS

Gen: America Trans Gen Electric

31.00

H. K. Fire Insurance, $210. Douglates, $71..

Gen. MotorS ....

231 23}

50 491 421 421 481

United Gas Corp.

31

31.

Un. Gas Tprovem't

10

U.S. Rübber

451

461

New

Gen Railway Signal, 201

48 201"

D.S. Rubber pf.

se

875

U.S. Steel

$91

$2.20 Binceres ideas

$2.10

$8.15

Watscom

18.10

Ch.G.5%19250.§Bds.

H.K. Gort. 13% Loans | $106

Shells (Bearer), $89(44.. Providenta (New) $7.40. China "Lights (Old), $11.60. Vibro Piling, $6.85.

Glidden Co...

224.231

Vanadium

181

14

193

York Commodity

Market

Goodrich (B.F.)......

24

24

Warner Bros. Pict...

62

61

Goodrich $5, pf...

56

57

Westinghouse

Elec. 1031

1033

Goodyear Tire & Co.

282

287

Woodward Iron Cor. 18

*130*

Great Northern Iron

Chase National Bk. 301*

30**

H.K. Gort.31% Loans |

SALES

32011

160 H.K. Wing On

ma

$50

Hong Kong Bank, $1445.

Ore

124

121*

National City Bank 241*

S'hai Wing Do...

Great Northern Rly. 201

21

Call Money

1%

1%

H K Lands, $38).

-$6.55

13/0

75 eta

Tibro Piling

Marsmans lar. (Lon)

14 Maramans Idy. (HK)

Win, Powells

1 ex div.

• bid.

$6,40

OF

*Bales to Shanghai

New York, September 3. New York Cotton Dec New York Rubber - Dec. Chicago Wheat' - Dec.. Chicago Corn Winnipeg Wheat

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

Prev. Today's

High Low Close Close Change. 8.25 8.15 8.26 8.15 ir ba 8.25

Closed 16.24

041

631 64

Sit

"i up

Dec.

481

49

484

Dec.

50%

591

591

LONDON, EXCHANGE RATES

Parls

Geneva

Berlin

Athens

Milan

Copenhagen

Stockholm Shanghai

..

4.847 8.92-3/16

(British Wireless Service)

Aug 31

Sept. 3

178-19/84

178-19/64

21.291

21.281

112.121

12.09)

921

921

18.73

kc

New York

4.854

Amsterdamu mau

8:02-1/10

Vienna

Prague sta

1404

Helsingfors

2269 670

1401 228-374

Hong Kong

1/2 31/32

Bombay ........

1.5-27/32d

4.861

Prussels

28.781

4.85% 28.69

Yokohama bani'

Belgrade

214

Buenos Aire sem va

18.905

18.99

Monte Video

201

2-27/32

lver, (Forward)

19

191

Silver (Spot)

194

18.99!

31% 1021

18-13/16

Bucharest

Montreal

War Loan

DON LONDON:

Closing Quotations

September 3, 1938.

Telegraphic Transfer pai

Bank Billa, on demand Oredita, months' night 1/3)

OK SHANGHAI:

On demand

170 nom

ON SINGAPORE --

On demand

On demand

ON NEW YORK:—

Bank Bills, on dimand 30-1/16 Credits, 80 days' sight \30-0/19 ON BATAVIA:-

On demand

O Paris:-

50 3/35

Bank Billa, on demand 1,095 Credits, 4 months' right 1,190 ON SALOON

On demand

ON MANILA

On demand

ON, BANDEDE 1.

On demand

Sovereign Notes

Bank Busing Rate.............

100

100

1499

H...Realties. $5.90.

H. K. Tramways, $17.30/40. China Lights (Old), $11.

(Prices below in Phil, Currency)

Antamoks Ps., 37 Atoks, .35

Baguio Gold, .24 Benguet Consol, 11.40. Coco Grove, .43 Demonstrations, 30 Paracale Gunaus, '18 San Mauricio, .82 Suyoc 'Consol, 181 United Paracales. „364

EFFECT

ON PRICES

A MAJOR WAR

Discussing the effect on prices of a major war. if it breaks out again, an American writer recalls the conditions obtaining at the start of the Great War, when prices of wheat, cotton and common stocks went up, and asks if conditions will be the same or will changed world economic conditions bring about a different set price-making Influences.

SHARE MARKET Philippine

REVIEW

The market, sensitive to the strained political situation' in Europe, took an easier turn during the week, but later, as European affairs became clear- er, prices improved and a firm- er tone was evident.

Mining News

8.22/21 -8.10/10 8.25725 8.15/16

This is

NEW YORK COTTON- October of

December January March May July

Close 8.21/21

Opening

Closing

Change

11 of

3.28/28

(1939)

(...)

Spot

8.25/25 828/28 '8.23/23 ..

8.21/22 8.23.

8.24b28a 8.15/15

8.24/24 8.11/11 8.22/22 8.11/11 8.21/21 ,8.10/12

8.22

.12 .11 of

With reference to, wheat, he doubts whether Russia, if involved in war with Italy or Germany, will export any wheat. especially true in view of the fact that her surplus is exceedingly small and probably would never amounted to as much as 35 million bushels in the 1937-38 crop season.

China and Japan will both want wheat because it is one of the best

Malinao Gold Mines, Inc. recent ly reported that development work on its lead-zine-gold property in Sta Cruz, Marinduque, has pro- gressed rapidly during the last few as well as one of the cheapest army rationa. France, England, Ger-

months and the tunnel which has

Banks after changing hands at been advanced has now reached many, and Italy will want to main-

the ore body:

tain generous stocks as they did last winter when they were gripped by the fear of a war that did not

materialise

$1,440 were wanted at $1445. In the Insurance section business was re-

Blocking out of ores has already ported in Cantons at $225, and In Hong Kong Fires at $2073 and $210 started by hand drilling. ore re- serves now amounting to more with further enquiries at $205. than P.50.000. it was declared:

WHEAT PRICE JUMP Unions were wanted at $510 after

Thomas Ballad, an American

It is only logical, he says that changing bands at $505 and $506.mining engineer who is supervising what happened in 1914 in the There has been a steady demand the work of Malinao Cold, reported grain market will be repeated In for Lands from $38 to $384 There that in three or four months time, the event there is a major war. A was a fair turnover in Hotels fromnough ores may be blocked out to high of, 120 to 125 is just as logical $7.20 down to $8.00, but at the close warrant the erection of a mill.

now as it was in 1914 when cash of business shares were wanted at

The property of Malinao Gold is wheat made a peak of 120 in Sep- 37.15.

located just a few kilometers from tember of that year, which follow- Cements changed hands at $174 but recovered later with buyers at that of Mineral Resources, Inc., ed within 80 days after the de- $17.60. Trams eased to $17.20 but which has now a mill in operation claration of waz

rallied towards she end of the week

With buyers at $17.30 and sales re-bas announced an interim dividend ported at $17.35. Watsons after of 50 cents, payable on September easing to $8 wore wanted at $8.20. 26. Pagi dajkoligans Jakke wa

Gold mining stocks have been China Lights (0) were wanted, at $11.40 and Humphreys after being quiet with an easier tendency neglected for most of the week United Paracalé Mining Co. has an... were wanted at $9.95 Ropes nounced a 2 centavo dividend, pay changed hands at $5 and had bayable on September 15 and Demon- ers at $4.95. Providents (o) re- stration Gold Mines, Led," a cen- mained quiet with sales reported at tavo dividend, parable on Septem- 3160 Fectrics remained steady as ber-20, aunu, reporta a steady 3601 to $81 The Dairy Farm Co. market at the close.

With cotton, he thinks the pic- ture will probably be somewhat different from what it was in 1914. Then there was a decline. In the event of a major war now, how- ever, there would be an advende. COTTON WILL, ADVANCE Cotton prices have had a big fan break since las intery: now less than the cost tin General opinion

NEW YORK RUBBER

September December

March....

May ...

18.23b/302 16:44/47

CLOSED

18.56/57

16.64 N

CHICAGO WHEAT September 'December

May...

Friday's Sales:

624/62+ 64/661 851/66

621/62) 641/841 $41/041 66/852 351/657

unch.

+: up

unch.

22,160,000

bushels.

CHICAGO CORN

Beptember December

May be

501/509 純

501/501

49/481 484/481

500/501

5017504

501/500

WINNIPEG WHEAT

October

601/601

60/601

591/59+

December

601/5928: 831/831

594/598

591/591

528/621

May...

NEW YORK STRAITS TIN December

43.65 N 42-3/4

Closed,

'unquoted 4.84-3/16

NY Bliver Omcial.. *NY-L'don Cross Rate.4.86-5/16

hrp vance in the cotton market as op war in Europe, the memory produc posed to a major decline, such as cent cotton will help to that a occurred from July to November of prices that are now at low levels, war would bring about a mild ad- 1914. If there should be a major concludes the commentator.