1938-09-09 — Page 12

STOCKS

111

$810

"ร 2910

The London/New York cross- rate was quoted at 182.31. New York/London was quoted at 483.

"Adams Express .............. Alleghany Steel Co.

Shipping

1/8.

Allis Chalmers........ 491 Amez. Can

PAGE 12 HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Sharebrokers' "Association"

Buyers Ballers

Balms Nominal

THURSDAY,

Bayer Sollere

Sales Nominal

SEPT. 8.

Banks

$1,450

167

$224 $310

H.K. Banks

+++

De. (London) 219 Chartered Banks.... £38

Mercadia Aks. "1"

£139 Mercantile Bks. "C

Bank of East Asia...

N. C. & 8. Banka

Insurances

Canton InsarENCES................. [Inika InsurBOCOR ............... Underwriters version H.E. Fires..

**** *******

$1.480

£18

£13

88

$125 $510

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

Silver prices rose 3/18 yesterday for both deliveries, the quotations being 19 1/4 for Ready and 19 for Forward. Suver advices reported purchases made by India and Speculators American trade also bought, Speculators also sold. The market was steady. Later there were buyers at the quoted rate. Ame- sellers bidding 1/16 over. rican Silver was quoted at 4 3,41 for Spot.

FINANCE

NEW YORK STOCK EXCHANGE®

1938

(Through Kanter's Service)

* High

Low Dow Jones Averages, 145.87 88.85 $0 Industrixla '88.77 19.00 20 Baile 22.30 15.14 90 Utilities 9270 83.39 40 Bonds 58.00 45.03. 11

FRIDAY, SEPTEMBER 9, 1938.

PAYNE

& CO.

BUILDING

· COMMODITY_BROKERS

STOCK EXCHANGE

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO»)

SINGAPORE RUBBER

QUOTATIONS

19.41

Sept. 8, 1935. " Sept. High Loy Ulose Chang 141.47 143.95 141,08 143,68 1.81 up 28.07 97.42 27.88 40 up 27.46

19.52 19.10 19.48

8.

08.17

86,21

dimodity Index

44.73

+7.08

.04 up

.35 up

Business Dogo:-880,000 shares.

Last Sale

STOCKS

Last Sale

Sept. 8

Sept. 6 7

117

184

111 Great Western Sugar (271

Greyhound 191

271*

Corpn. 164 17

Sept. 6

Sept. 7

502

Hecker Producu

71

"981

Int. Nickel 98+

"49

492

buyers sellers buyers sellers Change

$72

170 $231

Donglom

MARKET

Amer. For. Power

31

31

Int. Tel. & Tel

8

Bİ

SPOT

26-5/3

28-7/8

$23

Steamboats

360

Quiet.

Amer. & For. Si pt.

18

19

Kennecott Copper...

404

411

160

Indo-Chinas (Prof.)....

324 88/9

Indo-Chinas (Def.)......

124

STERLING

Amer. Locomotive.... 13

204.

Libbey-Owens-Ford

OCT.-DEC. à vn men and ton JAN.-MARCH...

27-1/8 ***.***... 27-3/4

27-3/8

28-7/8 27-1/8 27-3/8 27-5/8

28 ..

29

+

up

1/4 up 1/4 28-1/4 up 1/4

18/9

Sheli

$9,15

19.10

Waterboats

Mining

There were sellers at 1/3 Sep

and tember/October November/January buyers at 1/3

Amer. Metals.......

35)

36..

Glass

521

54

1/2 31/32

18/0

Kailam goren

18/0 99.90

'1/32

::

310

$3

$1984

87.30 $71

$7.96

$7.00 87.18 $7,05 #88+

5.

$10

:98

$38

Bauba mov

Venzuela Gold Fids.

17 ots. Hong Kong Mines......

Docks, WhaZTOS,

$10

Godowns; eta.

H.E. & K. Wherres...

í Proridsata (new)...................... H.E. & W. Docks....

$19.70 Do (BW)..........

$130 Shanghai Docks 8. $3.00 New Engineerings 8.

Lands, Hotels, and Building

H.K. Hotel

H.K. Lande........B.

$107) De. 4% Debenture

$3.40 Bhanghai Lands 8.

Humphreys

Cotton Mul

$194 (8.)

01291

27.45

Providents (oid) ..........................

87.10

810.80

Cash/September November/January.

US DOLLARS There were sellers at 30 3/18 Cash and 30 1/8 September/Octo- ber, buyers at 30 1/4 Cash/Sep-, tember and 30 3/18 October/No- *ember "

and 1/3

"

$19,60

$130

$3.95

SHANGHAI DOLLARS · 175 3/4.

Amer. Radiator Amer. Rolling Mill... Amer. Smelting...... Amer. Sugar Ring -- Amer. Tel. & Tel Amer. Tobacco "B" Amer. Waterworks... Anaconda Copper ... Atchison. T. & B. Fe. 'Auburn Motors ................ Baltimore & Ohio Barber & Co.

151

16.

Lockheed Aircraft

133

131

18

1BA

Loew's Inc. .......

511

52

473

485

Martin, Glen 'L.....

22

229

McKesson 228

& Rob-.

+442

1154

bins, $3 pi....................

34

36)

761

Monsanto Chemical. 95

ษฐ์

104

Montgomery Ward'.

463

349

343

Na Dairy Products 13

-34" 98! 48 121

G

371%

Nat. Distillers ......

241

23

4.31

31*

Nat. Power & Light

#1

*73

71

Nat. Supply Corpn.

18

171.

201

202

New York Central..

18+

19

Barnsdall Qu

171

18

N. America Aviation

睡

91

$7.10

SHANGHAI MARKET Sterling at 8.1/2 and U.S.S. at Boeing Airplane Co." 231 · 17.1/8 sellers for Spot.

Bethlehem Steel ........

581

594

North Americs Co.

20

191

24.1

Northern Pacifc

114

12

Borg-Warner

34

35

Pacific Gas & Elec

261

251

il

348

$1071

$5.90

H.K. Realties

Chiuse Estaton............

$10

H

STERLING

1201

398

B'bai Costons (8.) .....

#241

$24

Zong Sings (8)

Wing On-Textiles (8.)

$42

Public Utilities

"

$17.20 $1735)

$17] 361

Tramways .........

Pest Trams (oli)......

131

Fest Trams (n@W}•••••••]

$78

Star Ferries

$77

3247

Y'mali Ferrion C.R.$

in

524

Do.

China Lights (old)......

$111

$60

19.35

$8.46 Chias Lights (new).......

B601 ezdir. H.K. Electrics

3174 Macao Electrica..... Sandakan Lights...

$264 Telephones (Old)....... Telephones (De"}.................

Tractions ----

tex.div. $80

176 sellers.

$981

$20

198

41

$4.90 Bopen

Consolidated

Chine Prov. (old)...................

China Prov. (new)..................

Miscellaneous

Dairy Farma..........

Ch. Etainments......... $6.40

$130 Contructions (did)...........

Contractions (new)...........

$8.70 Lane Crawford..........

Nanyang Tobaco0 ..............

$2.20 Siacaros. ...***

$9.3

28/3

Tractions (pref]

Industrials.

214

Cald., Micg. (Ord) S.

$13

Call, Macg. (Prat.) S.

$160

$1.70 Canton Ices

$17

317,

Cemente

$4.90

$9.03

24/6

STOCK

$201

IN THE AFTERNOON The market continued quiet in Brooklyn-Manhattaď the afternoon.

Closed with sellers at 1/3 Sep- tember/October and

November/January, buyers at 1/3 1/32 Cash September and 1/3 November/January.

U.S. DOLLARS

Closed with sellers at 30 3/16 Cash and 30 1/8 September/Octo- ber, buyers at 30 1/4 Cash/Sep- tember and 30 3/16 October/No- vember.

SHANGHAI DOLLARS

SHANGHAI MARKET

Closed with sellers of Sterling at Comm. Products

3.1 2 and U.S.S. at 17.1/8.

H. K.

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

Briggs M'facturing ..

351

363

Pacific Lighting ......

361

331

Packard Motors .....

47

5

Trans,

10

10

Paramount Pictures

11

11

The market opened 1/8 of a cent higher for all deliveries as com- pared with Tuesday's quotations.

Better sentiment on the London Rubber Exchange coupled with, reports of a relaxation of the European political tension caused higher opening-rates with active demand for "actuals" by principal consum- ing centres. However, dealers and speculators were disinclined to en- ter into larger forward commitments, preferring to await further de- velopments, particularly on the New York markets. Also the sp- proaching meeting of the International Rubber Regulation Committee on Monday next exercised a restraining influence.

Subsequently the market encountered easiness on liquidation and speculative selling which caused prices to gradually decline by 3/8 cent for all deliveries on a narrow market.

Closing tone was quiet and dull.

Malayan Domestic Rubber Exports during August are estimated: at 29,000 tons as against 26,000 tons in July and 34,000 tons in June.

LONDON RUBBER

Brooklyn-Manhattan

Pennsylvania P.R.. ....

101

191

să cum. pf.

271*

271

Phillips Petroleum.

39+

40

Previous close

Today's close

1/2 31/32

Canadian Pacific Case. J.I.

6 71

Public Service of NJ.

19

201

buyers

sellers buyers sellers

Change

881,

91

Pure O11

10

101

SPOT vell

Chesapeake & Ohio

291:

301

Radio Corpn. of Am.

ገነ

J'AN-MARCH

Chrysler Corpo. ......

732

751

Republic Steel-

18

101:

APRIL-JUNE ^.

7-18/16 8-1/18 8-1/8 8-3/16 8-3/18

7-15/16 8

unch.

8-1/4

8-1/16 8-1/8

8-1/8

off 1/18

8-1/4

off 1/16

Columbia Gas & Ei Columbia 6% "A" Dr. Commercial Credit... 49151 Commonwealth & 8. Commonwealth & 8.

64

84

Reynold Tobat. "B"

12

421

6471

66

Schenley .......

172*

.-18

Schenley, 61% pfd...

731*

71.*

11

11

Sears Roebuck

73

731

Shell Union Of....

153

15

.6% cum pt.

+36

27

Socony-Vacuud of.

134

132

Consolidated Edison 261 Consolidated Cu

27

Southern Pacific

10

82

9

Southern Rly $5 píà.

184

102

+

Continental Can........... Continental Ou

401

401

Btandard Brabda

73

72

291

291

Stand Gas & Elec.

34.

33

70

70

Standard Olof NJ.

634

541

Curtiss Wright (C)

5-

5

Stone & Webster ..

10

10

Curtiss Wright "A"

221

223

Swift International 27

Distillers Corpo. Šen-

Technicolor

201

214

grams

181

18

Texas Gulf Sulphur 361

31

Douglas Aircraft

46

411

20th Cent. Fox Films 281

201

Du Pont

133

1341

do.

Films pf....

35

341

61

Eagle Picher Lead

101

104.

Union Carbide

&

84

Elec. Bond & Share

71

Carbon

Elec. Bond & Share

Union Pacific

91

91

47 *

47 *

$5 pr.

United Aircraft

28

21

Elec. Bond & Share

United Airlines Trans

9

#f

$6 pf.

53

53*

United Corps.

21

2

Elec. Power & Light

United Corpn., $3

31.90

The market was quiet with no change of any importance Rates.

$7 pt.

35

354

cum. pl.

31

31

Prices improved slightly on small general inquiry.

NEW YORK COTTON

After a decline of 8 cents had checked hedge-selling, Trading turned more active and good foreign and local buying appeared. Later. the market advanced further on more favourable European news and the firmness of stocks, but, finally partially reacted on pró- fit-taking and closed steady.

NEW YORK RUBBER

After an early downward drift, prices showed a tendency to rally Traders are at pre- on covering and local commission-house demand. sent inclined to postpone expansion of operatioris pending the Restric- tion Committee meeting. which is scheduled for September 12.

CHICAGO WHEAT

Prices touched new lows on liquidation and disappointing reports from the foreign markets together with a renewal of Russian selling pressure. Later, there was a fair rally on reports of ingreased domes- tic demand, an improvement in the markets abroad and the strength of Wall Street.

in,

Flintrote

231

United Gas Corpn. 217

31

31

Gen. America Trans. 491

40

Un Gas Iprovem't, "10

01

홍오.05

$8.10

Watsons

en Ch.5% 1925G ads. 89*/.

H.K. Gor, 4% Lögna 1pm HK. Gort. 31% Loans

18.10

BUYERS Hong Kong 'Bank, $1450. Canton Insurance, $224...

Gen. Mectric

411

43+

U.S. Rubber

471 454.

Gen. MotorS `...

473.

493

US. Rubber pt.

874 297

Gen. Railway 6ignal 20

20.

U.S. Steel******

584

801

$106

€9%

31011

Union Insurance, $510.

Glidden Co. ...

221

23

Vanadium

19

191

New York Commodity

50

H.K. Wing On.....................

$50.

H. K. Fire Insurance, $205. Union Waterboats: $9.10.

Goodrich (BF).

231

241

Warner Bros. Pict....

01

61

Goodrich, $5 pf.

55 **

57 *

Westinghouse Elec. 102

105+

Market

S'hai Wing Da........ .............) (954

Goodyear Tire & Co. 28

201

Woodward Iron Cor. 181*

19

$6.96 Vibro Piling

....

$8.40

13/0

Haramana Inv. (Lapi.)

Great Northern Iron

Ore

121

12*

3/4

Marsmans Inv. (KK)

Great Northern Rly 201

21

Chiaze National k. 304* National City Bank 231* Call Money

321

241*

1% 1%

75 ota

Wa. Powells

175 cta

Ex. div.

• bid.

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

New York, Sept. 7 (Wednesday):

Prey, Today's High Low Close Close Change 8 .18 8.02 8.03 8.11 08 p 16.41 18.24

*Bales to Shanghai

LONDON EXCHANGE

Paris

Geneva

Beriin

Athena

Milan

Copenhagen

Stockholm

21.31.

R. K. & K. Wharves $128. Providents (Old), $7.30. Providents (New), $74. "H, & 8. Hotels, $7.05,

H. K Lands. $381.

H. K. Tramways. $174. Peak Trams (Old), $63. H.. K. Electrics. $60. Sandakan Lights. $9.35. Watsons, $8.10.

Wm. Powell. Ltd., $0.75.

H. K. Govt. 4 per cent LoRN, 8

per cent pm.

SELLERS

Douglases $70.

H. K. Steamboats, $221.

SALES

Hong Kong Bank, 51470.

Providents (New), $71.

RATES

(British Wireless Service)

Sept. 6

Sept. 7

178-5/16

178-19/64

21.30

12.03

12.04

"

91-11/16

91-11/16

EL & S. Hotels. $7.15.

18.73

||

Shanghai

Bid

New York

4.82-5/16

Amsterdam

8.92

4.82-5/16 8.922

H. & 8. Hotela, $7/7.05.

Ching Lights (Qld); $111.

140克

1391

(Prices below in Phil. "Carrency)

226-3/4

Antamoks Ps., 37

670

Atoks. 38

1/2 31/32

1-5d29/32.

4.838

4.83)

28.531

28.621

214

'19.05]

20.

2-27/32

18-13/18

19

Vienna Prague Helsingfors Buchárust

Hong Koni

Bombayar

Montreal

Prussels

Yokohama

Belgrade

Buenos Aire

Monte Vidso

Rio

Silver (üriard)

Silver -(Spot)

War Loan

13 LONDON:

• 33% c/o 102.

Closing Quotations

Feptember 6, 1938.

Telegraphis Transfer. Bank Bills, on desse Credits, 4 months' sight

Or SARGEN

On demand

ÛN NEW YORK:-

2-29/32

10 101

31 101-13/18

Bank Billa, on demand 29/15/L" Credită, 80 days' night 2017/18 ON BITIVIT

On demand "55-3/18 ON PARIS:

Bank Bills, on demand 1,096 Credita, 4 months' aight 1,80 ON SAIGON

109.

117

1/31 -

170 NOR

On demand

On

demand ma' sugest

53k

ON "MANILA 3.--.

Or demand

€01

ON JAPAN:-

̈OK BANGKOK:=

On demand

106)

On demand

ON SINGAPORE:-

Sovereign Hote

Bank: Buying Rate.............

Bagulo Gold, 251

Benguet Consol, 11.50 Coco" Grove 42

Demonstrations. 304 I X. L. 87 San Mauricio, .84 ". Buyor Consol.. .194. United Paracales, 36)

AIRCRAFT WORKS

MERGER Adjoining Factories

General Aircraft Ltd. has purchased the buildings, plant and stock of the British Air- craft Manufacturing. Co.

WAR MIGHT END RUBBER

CONTROL SCHEME

commodity and share markets to such sa extent at the moment. that it is even mare difficult than usual to look ahead, writes the Singapore Free Press. It is not even possible to visualise the probable effect upon the rub ber market if the various political problems in Europe prove impos- sible of settlement by diplomatic means.

International disputes are overshadowing both

New York Cotton

Dec.

New York Rubber

Dec.

16:31 10.36

.05 up

Chicago Wheat

Chicago Corn Winnipeg Wheat Dec,

Dec. Dec.

621 481

61. 621 621

4 up

50 581

48 471

571

48

1. up

587

1 up

From the action of the market down of the control scheme for the May July recently. It seems fairly evident duration of hostilities.

Even if restriction was not tem- Spot. that a heavy fall would immediate-

NEW YORK COTTON October: December January March

Close

Opening Closing

Change

7.99/98

7.08/99

8.06/05

.08 up

8.03/04

8.03/02

8.11/12

.08. up

(1939)

8.00/00

8.02/02

8.10/10

10 up

(..

(..)

7.97/97

7.98/97

8.08/08

il up

7.96/96

7.98/97

8.06/07

מט 16.

7.95/95 8.10

7.07/06

8.06/07

.11 up

8.18

.08 up

NEW YORK RUBBER

18.13b/17a 16.31/33 16.39/40 ... 16.48b/50a

10.31/31 16.39b/41a 18.45/43 1,700 tons

10.162 18.30/37 18.45/47 14.50b/55a

,03 up

,05 up

..05' up

.04

ly follow any recourse to force: porarily suspended, transport diff- but is by no means certain that cities would probably upset the any recovery would be impossible. equilibrium between world mar-

The gravest danger. in this event, sets to such an extent that It September seems to be the possibility that would be almost impossible for December sufficient participating countries cperators to take anything but a March

May would temporarily abandon restric-day-to-day view. tion, causing the complete break-

REICHSMARK QUOTATIONS

Berlin, Sept. 8.

quoted The Reichsmark was without guarantee at:

Paris, 1482.50. Amsterdam, 72.10 to 72.20. London, 12.0975, ・・・

Parts Sterling, 178.30 to 178.34 Paris 3.9. Dollar 36.945 to 36.955-(Transocean).

Bales for the day:- ・WORLD ABSORPTION However, the rubber market is

CHICAGO WHEAT mainly interested in the peace, rather than the prosperity, of

September Europe. Provided the, imminent December danger of war is removed the mar- ket is likely to recover all its lost confidence as it is far more de- pendant upon the prosperity of America than Europe.

May *** **

Tuesday's Bales:- CHICAGO CORN September December

As far America is concerned. statistics covering industrial ac- tivity contlane. to substantiate hopes that the tide has turned.

Absorption of rubber is now ex- WINNIPEG WHEAT

civil aircraft of its own design to pected to average 40.000 tons keep both factories occupied.

May

11

601/601 621/62 837/637

61/611

62/617 84/634 30,470,000 bushels.

621/621 841/641

50/50% 48/481

501/501

48/47+

481/491

501/501

50/50

501/501

571/57

572/671 61/81+

67/674 561/57

59/59

58/59 021/627

The two factorles occupy ad

monthly during the last quarter of October. 1 Joining sites at Hanworth Aero

and the year and,, provided the Com December drome, Middlesex, which is the General Airefáft" designs

of General makes monospar mathines,mittee does not increase the release May freehold property

the firm has developed the tricycle for this period, at its meeting on Aircraft.

September 12 there is no doubt NEW YORK ́STRAITS TIN During the past year the num-undercarriage for aircraft. ber of employees of General Air-The British Aircraft Many that the realisation of this absorp- craft has been more than doubled. turing Co, makes light aeroplanes The firm has sumcient rearm and has built a few gyroplanes for ment sub-contracts and orders for the Air Ministry.

tion estimate will result in a rapid December

13.20-N 42-8/4 decline in world stocks outside NY Bulver, Official ... ... producing countries.

NZ-L'don Orow Rate: 482÷1/8.

-42.65b/43.05á: 43.05. N

42-3/4 4.83-1/8

ន

9.68