1938-09-14 — Page 12

PAGE 12-HONG KONG DAILY PRESS

4 E

DAILY SHARE QUOTATIONS Hong Kong Stock

"Exchange

310

H.K. Bankı

Mining

#128

19.10 Waterbosta ..........

16/3 Kallang

Haubo

€3 Venezuela Gold Filia

7) eta Hong Kong Mion......

Docks, WharTOR,

Godowns, eta.

H.E. & Wharves...

$7.30 Providents (old).........

Providenta (De)..................

#71

$20 ILK & W. Dock.... $19 Do. (DE)..........

190 Shanghai Docki 8..... $3.90 Now Engineerings 8.

Lands, Hotels, and Buildings

H.R. Hote

$38) H.K. Lands .........B. $107 Do. 4% Debentures 5.40, Shanghai Lands B.

$6.95

!

!

#1291

THE EXCHANGE MARKET

MESSRS. ROZA BROS.“

Silver prices were higher yester- day to the extent of 1/18 for Ready and 1/8 for Forward, the quota- 19.3/16 tions being 10.7/16 and respectively. Silver advices re- ported purchases made by India and America. Sellers were grarce. The market was 'steady. American Silver was quoted at 42 3/4 for Spot.

The London /New York cross- rate was quoted at 481.06. New York London was quoted at 480. 7/16....

FINANCE

NEW YORK STOCK EXCHANGE -

119345

(Through Reuter's Service)

QUOTATIONS

Utilition

"Sept. 13, 1938.

da so'

Fligh Low Dow Jones Averages, Sept. tu. Big Dowlose Chang

138.38 140.87 188it 1419 19 Lắp 145.87 DS 30 Industrial

26.83 24.71 28.25 94,66 39.77 19.00 90 Haile

18.83 18,02 18.73 .13 up 2235 10.14-20

$7.64 , off VLY $3.39

Business Dode:~600,000 #bares.

40 Bonds

.18.60 8:.76

39.00 45,03 Jumwodity lodes' unquoted

161

78

481

WEDNESDAY SEPTEMBER 14, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

JAN-MARCH

(FROM PAYNE", & CO.)

SINGAPORE RUBBER

Sept. 10 buyers. sellers 28-1/4 26-1/2 26-7/8 26-5/8 27-1/4 27-1/2

Sept. 12 buyers sellers 26-1/2 28-3/4

Change

up 1/4

23-7/8 27-1/8 up 1/4

21-1/2 27-3/4 up 1/4

The market opened with prices unchanged for all deliveries as compared with Saturday's closing quotations.

Early in the morning the market ruled very quiet. Although des mand for "actuals" was fair, dealers and speculators preferred to maintain side-line positions, awaiting the fixation of the permissible export-quota tor October-December by the LR.R. Committee's meet- ing scheduled for today. The fact, that American consumption in creased by about 6,000 tons over the July figure, which was more than expected, 'caused apprehensions of the Committee deciding on a re- lease of 50 to 55 per cent. Such action, it is feared, might put the market on a lower level temporarily.

Later in the session the market encountered easiness on further disquieting European political news. Prices gradually declined by 3/8 cent for all deliveries on profit-taking and selling, mainly for specula- tive accounts....

During the last trading hour the market became very weak on further persistent selling pressure, prices sharply declining by 1/2 cent due to scarcity of buyers. Closing tone was weak.

> 281

Sharebrokers' Association

Buyerello Palos

Nominal

TUESDAY. SEPT. 12.

Bazar Bellazo Bales Mominal

Banks

$1,460

$1,450

Do. (London)

211

Chartered. Banka ****

£11

EXO

Marcantile Bka. ***A**

£13

Maresatila Bia. "C"

Back of East Asia ....

$98

S. C. & B. Banks...........

12

Insurances

20

9794

Canton Insurancès.......

1010

$510

Union InsursOCES .........

32

|Undarwriters resseggene

3303

H.K. Fires ....

Shipping

"

072

$70

· Donglands

3221

Steamboats

Anima

$221 BU

MARKET Uncertain at the opening but later steadied up slightly.

Last Sale STOCKS

Sept. 10 12 101 101 Adams Express ........

181 Alleghany Steel Co. 171 Allis Chalmers ............ Amer. Can

-STOCKS

Last Sale

Sept. 10 12

Great Western Sugar

274*

273!!

Greyhound

Corpn.

153

48

481

Hecker Products

T

31

97.

98

Int. Nickel

481

Amer. For. Power Amer. & For. $7 pl.

31

30

Int. Tel. & TeL ......

8.*

B

171

17 *

Kennecott Coppar ...

30

401

$110

Indo-Chinas (Pref.)....

Indo-Chinas (Del.

$24

28/5

87/6 Bball

29.15

15/9

$89.90

$3

37,20

87.10

* STERLING

1/2 31/32 Was indicated sellers for November at the open- Ing but a demand at that rate was not met. Business was arranged later at 1/3 for Cash and also for The tone at the close September. ati p.m. was steady with sellers at 1/2 31/32 September December and-1/2 15/18 January February. buyers at 1/3 1/32 Cash" (Septem- ber and 1/3 October December.

Amer, Locomotive ........

183

191

Libbey- Owens- Ford

at

Amer. Metals

34

331

glass ....

501

511

SPOT

Amer. Radiator ......

151

151

Lockheed Aircraft -

131

133

OCT.-DEC.

Amer. Rolling Mill...

173

18

Loew's Inc."

481

50

Amer. Smelting ....... Amer. Sugar Ring ... Amer. Tel. & Tel.

457

481

Martin, Glen L.....

21

211

..

221

221

McKesson &

Rob-

1427

1407

binx, 33 pf. merona

34

331"

85

Monsanto Chemical 951

97

91"

91

Montgomery Ward... 481

471

324-

337

Nat. Dairy Products 127

124

341

351

Nat. Distillers 231

31

31*

Nat Power & Light

61

ง

81°

$3080

Nat. Supply Corp.

17

23. 61 181

$191

191

197

New York Central...

174

18

#30 $3.05

171"

171

581

N. America ¿víntios North

81

81

America Co.

187

191

232

Northern Pacific..

11

*111

*341

Pacific Gas & Elec

25

251...

351

Pacific Lighting......

364*

371

£38

$36

1

Packard Motors

41

41

SLA

91

Paramount Pictures 101.

$5.90

Pennsylvania R.R.

157

19

Humphreys

$5.00H.. Realties ..................... $:0

28..

Phillips Petroleum ....

391

391

$10

Chinas Estates -------

Public Service of NJ.

28)

Cation Mill

Pure Oil...

101

10

•8101

$19) }Kwai (6.)

Radio Corpn. of Am.

71

$85

$85

8b Cottona (9.)

Republic Steel

171

177

124

Zocag Sings (8.) ......

#42

Wing On Textiles (B)

Pablle Utilities

Reynold Tobac. "B" 401 Schentes

401

171

173

8174917

$17.10

481

Schenley, 51% 'pfd... 73*

•

|Tramways conog

381

Peak Trams (old)......

18

Sears Roebuck.....

691

591

Fask Tranza (now).......

Shell Unton Oil .........

144

181

B POT

$78

Star

Ferrien

$271

Socony-Vacuum Oil

13

131

JAN.-MARCH

$24

Y'asti Ferries CBS

Southern Pacific...

171

171

APRIL-JUNE

$24

Do.

(new)

China Lights (old).......

Southern Riy #5 pfd... 173

171

Irtina Lights (new)...........!

Standard Brands

74

..Th

$60.

|H.K. Electrics

$30

Stand Gas & Elec.

31

31

Standard Cl of N.J.

514

521

Sandakan Lights.

stone & Webster

91

91

$987

213

105 Telephones (CER)..

$8.66

"9478

Swift International 201 Technicolor

261*

3

191

191

263 Traction (prof.)

"Industrials

$14

$13

Cald., Macg. (Prat.) 8:

Cald., Mang (Ord) S.

$1.70 Canton loc

$1.80

8174

30 for October.

Some business was reported at The closing tone

Douglas Aircraft Du Pont:..... Eagle Picher Lead 104 Elec. Bend & Share

+51

Texas Gulf Sulphur 354 20th Ceat. Fox Films

36

251.

251

1291

132.

do. · Films pf.

331

33 *

Union

Carbide &

87

Carbon

'811

831

Union Pacific

.87

88

$4.00

451*

United Aircraft.......

26

25%

ber

United Airlines Trans

91

01

52/

United Corpa.

24

22

United Corpn." * $3

33

•

*

231

cum. pf. ....an sto United Gas Corpn.

302

30+

31

34

Gen. America Trans 481 Gen. Mectric

Un. Gas Tprovem't

01.

.97

401.

U.S. Rubber

442

461

451

U.S.-Rubber på. .......

801

861

Gen. Railway Signal 193

US, Steel

571

59

$50

13/1

2/4

$6.6 Vibro Piling .................................

Marumans Inv. {Lop.} Maramans Inv. (HK)

75 at Wm. Powells

Glidden Co. ..... Goodrich (BF.) ....

55 Goodrich $5 pl. Goodyear Tire & Co. 27) Great Northern Iron

Ore..... Great Northern Ris.

212

Vanadium

181

131

221

Warner Bros. Pict.... Westinghouse

61

62

Mec." 994

102)

Woodward Trón Coz. 181

187*

12

191

Chase National BK, 29j* National City Bank 234 } Call Money k

292*

23 *

....1%

↑ es. div.

1%

bid.

$9.36

$174 Macao Electrics

$16) Telephones (old)...

20/3 Tractions an

***

917) (Camente do

$4.90 Ropes

#20

Consolidated

Chios Prov. (old).......

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

Miscellaneous

Dairy Farma

Ch. E'tainments - $6,30 8130 Constructiods (eld)...........! Constructions (new)...........

$8.70 Lane Crawfords..........

Nanyang

$2.20 Staceres

Tobacco

Watsonin

$2.06

$8.1

67%.

Ch.0.5% 192543.85ds,

B.K. Govt, 4% Loss

7pm

$100

H.E. Govt. 21% Logan $101

H.K. Wing On avera

¡B'hal Wing On

A

1.

85)

$17.10

U.S. DOLLARS Opened with a quotation of 29 15/16 sellers and 30 1/18 buyers with the probability of buyers ac- cepting 30 but business did not result except at 30 1/16 for Cash market The September. and closed-at-i-pm with sellers at 30 September and 29 15/16 October /December, buyers at 30 1/18 Cash !October and 30 November /December.

SHANGHAI DOLLARS

1174 1/2 to 173 1/4.

SHANGHAI MARKET.. The tone was steady in Shanghal Sterling and US$. opened at B.17/32 and 17.1/16 sellers respec- tively rising to 8.39/64 and 17.1/4.

IN THE AFTERNOON The tone in the afternoon was if anything somewhat steadier.

"STERLING

"Some business was reported at The market 1/3 for September. closed with sellers at 1/3 Cash arid 1/2 31/32 November /December. buyers at 1/3 1/32 Cash /Septem ber and 1/3 October December.

U.S. DOLLARS

Amer. Tobacco B 85 Amer. Waterworks ... Anaconda Copper Atchison, T. 1 8. FE. Auburn Motors Baltimore & Ohio ... Barber & Co. Barnsdali O11

60] Bethlehem Steel ...... Boeing Airplane Co. 23

321 Borg-Warner Briggs M'facturing. - 344 Brooklyn-Manhattan.

OF Brooklyn-Manhattan -

ss cum. pi Canadian Pacific ...... 6 Casë. J.I.

Chesapeake & Ohio 293 Chrysler Corpfl. ...

61 Columbia Gas & E. Columbia 8% “A” pf. 67 Commercial Credit.. 47.

11 Commonwealth & 8. Commonwealth & S...

8% cum pt. mun Consolidated' Edison 254 Consolidated 01 Continental Can Continental O Corn. Products

43 Curtiss Wright (C)) Curtiss Wright "A" 14 Distillers Corpn. Bea-

154

grams .....

$26

$1.90

!December,

29

30

November

was sellers at 30 September Octo-Elec, Bond & Share

$5 pf.... 15716 November and December, buyers at 30 116 Cash Elec. Bond & Share

$8 pf. /October and

Elec. Power & Light

$7 pt. Flintkote

SHANGHAI DOLLARS

173 1/2 sellers.

SHANGHAI MAKKET "Steady. Last advices indicated Sterling sellers at 8.39/64 and US.S. at 17.1/4.

Gen. Motors...

H. K.

4

$6.40

The

176.cha

724

384*

BI

39"

281

681

• * * 7 * * * * * * **** **** * ₫ 33÷ZFs⠀⠀ES Ea

Shipments of Estate and Native Rubber from the Dutch East Indies during August amounted to 23,631 tons as against 85,651 tons for July, whilst Exporters' Stacks of Native Rubber on August 31 totalled 14.000 tons as against 12,598 tons at the end of July.

LONDON RUBBER ·

Previous close buyers

Today's close

sellers

8-1/8

sellers buyers

77-19/167-15/16 8-1/16

Change

up 1/4"

7-15/18 8-1/18 8-3/16 8-5/18 .. up 1/4

8-1/&.. 8-5/16 8-3/8

8

up 5/16

Market firm, following the quota announcement. Good American enquiry and large turnover.

Rubber stocks held in the United Kingdom showed a decrease of 192 tons for the week ending September 12, 1938:

*** NEW YORK COTTON

The market was fairly uctive throughout, although most opera tors tended to keep to the side-lines, awaiting developmentà ti the European political situation. Prices early went higher on Trade and Bombay buying. but the volume of demand was negligible and the market reacted on bedge-seiling. Finally, prices again rallied on bet- ter buying by Wall Street and spot-housei

:

NEW YORK RUBBER

With the rubber quota unchanged at 45 per cent, and a continued sharp reduction indicated in stocks of the raw material, prices ad- vanced today on-re-buying by rerent sellers, while the Briness of the market was enhanced when sellers 'adopted a markedly reserved attitude

►

CHICAGO WHEAT

Lower Liverpool advices and reports of favourable rains in the South-West brought about. liquidation and prices declined on this and Fon reports of freer offerings by foreign countries, particularly Russia.

New York Commodity Market

*Sales to Shanghai

LONDON” “EXCHANGE

Paris

Geneva

Berlin

Helsingfors

(British Wireless Service)

Sept. 9

178+

21.8i 12.021

91-7/16

RATES

Sept. 12 178-19/64 21.301

12.01

91-7/16

Athenis

Milan

Copenhagen

Stockholm

19.40

Bhanghai

aid

New York

4.81

4.81i

Amsterdam

3.917

8.92

Vierins

Prague

1392

1393

228-3/4

Bucharest

670.

Hong Kont

1/2 31/32

Bombayments

Montreal p

Prussels

1/5-20/32d." 4.821 28.60

4.831 .28.581

Yokokama

Belgrade

Buenos Aires (.............

214 19.07

19,061

Monte Video

.20...... 2-29/32 10-1/16 191 31101-18/16

2-15/18

Silver Worward) linii

Silver (Spot)

War Loan i

LONDON:

Closing Quotations

September 14, 1938.

Telegraphic Transfer: 1/87, Bank Bills, on demand ĺ Credits, 4 months' sight - 1/3)

OK SHANGHAI ? ---

Singapore:

On New YouIC # -----

بية

19-13/16 18-7/16 -331001

Bank Billa, on demand 294 Orditi, 10 days' night" 201 |ON BATIVELY==

On demand.

O Pants:-

50-3/16

Bank Bills, on demand 1,095 Credits, la bontha' night 1,180 UN SAIGON:--

On demand

STOCK EXCHANGE

YESTERDAY'S

OFFICIAL

QUOTATIONS

There were indications of renew ed interest in the market and small enquiries found an absence of sel- lers.

BUYERS

Hong Kong Bank $1450. Union Insurance, $510. H. X. Fire Insurance, $205. H. K. & K. Wharves, $128). H. & 8. Hotels, $8.95.. Peak Trams (Old), $63. Sandakan Lights, $9.35. H. K. Govt. 4% Loan, 6% pm

SELLERS*

H. K. Steamboats, $22.

H. K. Tramways, $171.

SALES

"H. K. Tramways, $17.

7

Prices below in Phil, Currency}

Antamoks Ps., 40 Bagulo Gold, 23} Benguet Consol, 12.00 Coco Grove, 42}

I XL, 66

San Maurtelo, .70

Buyor Consol., 19 United Paračales, 34)

A.K. SHAREBROKERS' ASSOCIATION BUYERS

Banks, $1450. Providents (Old); $7.15. Hotels, $6.95.

Oi

demand

370 nom.

On

63-30 ON MANILA ÉS

genus

-108

Lands, $38.10.

On demand

Trams, $17.

ON JAPAN: ---

OX BANGKOK :-

On demand

100

On demand

601

1491

Sovereign No

Electrice, 15925. Coco Grove, 70 cta.

SALES

Telegraphic Transfer,....... 192

Bank Buying Bate..... 1/3-1/16

Tándő, $38.

19-7/10

of

Chosen Corporation Meeting

Presiding at the annual meeting the Chosen Corporation. Limited. Mr. G. W. B. Portman the chairman, said that at the recant extraordinary general meeting he had reported that an agreement had been entered into for bringing into the coffers of the company the proceeds of the sale of their interest in Nurupi and certain other resources.

CEYLON EXHIBIT AT THE LEIPZIG FAIR

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

New York, Sept. 12 (Monday) ·

ո

New York Cotton

Dec.

7.99

New York Rubber

Dec.

10.87

Prev. Today's Elgh Low Close Close Change

7.90 18.35 15.94

7:93 7.96 16.03

.13 up

קני .89,

Chicago Whent

Dec.

631 624 631 822 1 on

Dec.

491

491

49%

-491

11 off

Dec.

82

60%

617

1 of

Chicago: Corn Winnipeg Wheat

Ceylon is taking part for the first time in an exhibi-. tion on the Continent of Europe. She is exhibiting st Germany's treat Leipalg Fair which opened on August 28. Ceylon's display was prepared at the office of the Trade Com-

It ongists NEW YORK COTTON missioner in London. entirely of tourist propaganda,

October the centre-piece being a great diorama 15 feet long and six feet That agreement had been comi- wide, representing a Sinhalese pleted, and the company had re-village and the famous Kelaniya ceived in London the equivalent Temple

of £205,148, of which £14,713 was in sterling and $928,911.19 in United States dollars: there was

a balance of approximately £140. 000, in a Far Eastern currency. making a grand total of some £345,000.

They had also received from Kapam a draft: which should realize about 270,000, and the directors expected a further sum receivable li respect of tax re- covery, some £200,000 being in question.

I'

The future polley of the company would be to conduct the business with due regR to co-operating, with interests In the Far East as a mininz and finance house,

In the course of a brief discus- ston amendments were proposed for the adjournment of the meet ing and for the appointment of a committee of shareholders to con- fer with the board on muture policy.

RUBBER QUOTA NEW YORK RUBBER

Lofon, Bept. 13. September The meeting International December

Committee March ... Rubber Regulation yesterday fixed 45 per cent of May. basic quotas for 1938 as the per- missible exportable amount for the months of October, November and December. THAT

The next meeting will be held on November 15-(British Wireless).

A

Sales for the day CHICAGO WHEAT September December May...

Close 7,20/90

Opening

Closing

Change

7.92/93"

7.94/95

,05 up

December January March May

7.93/93

7.94/94

1.96/96

·.03: up

- (1939)'

7.90 N

7.93/93

7.94/96

..04.

)

.7.83/85

7.28/90

7.95/95

.07

{

}

... 7.83/84

7.86/55

7.90/91

קנד .oi

July Spot

()

... 7.83/63

77.83/84

7.89/90

:06 Ep

8.01

8.08.

05

up

15.78b/83a 15.94/95 16.35/41 16.63/65- 16.06/09 16.48/52 164.73/74 16.17/18 26.59/59 14.84/04

2,380 tons

16.48 B

3988.

621/621 634/63 .047/642.

.629/624,

Saturday's Bales

CHICAGO CORN

613/613 621/621

841/64) 641/641

13,180,000 bushels

511/514 491/50

·613/511|

· 408/401.

40/401

52/521

514/5117 511/511

817/812

612/81

611/517

614/911

054/65

Total: 2,585, oza, 2.189 One ozs.

NEW YORK, STHAFTS TIN December

report and accounts were adopt NY Silver, Oicial

NY-L'don Cross Rate

43,00 N *42-3/4

481-1/16

RAUB OUTPUT I

The Hong Kong Stock Exchange September has received the following cable December from the Raub Australian Gold May Mining Co., Med

WINNIPEG WHEAT Report No. 537 Battery treatment: 4719 tons October....

December 11.577 028. 1,483 fine ozs.

May

Re-treatment: 7,189 tons, 1,008 ozs. 401 fine ozs.

Both amendments were defeat led on a show of hands, and the ed.,,

611/611

- 613/61)

· 651/65)

42.45 Traded 42/2-1/2 Traded

42-3/4 4.80-7/38