1938-09-23 — Page 12

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Hayer Sellers

ล

Banks

Sharebrokers' Association

THURSDAY, SEPT. 22.

$1,443

{1,440/8|3

H.E. Banka

$1,440

Dv. (Col. Rag

Do. (Lon. Reg).......

£10

Chartered Banks ....

£104

Mercantile Bka. “A”

"ESP

£13

Mercantile Bke. "C"

£13

188

Bank of East Asia ...

$38

XC. & S. Banke .....

Insurances

Canton Tuarach

$225

8510

|Ŭnion InsuraDOSE .......

$8 Underwriters

H.K. Firma

4510 *g 1903

Shipping

1681 Douglas

$73

$91

Steamboata.. pres

$124

160.

Indo-Chinas (Pref.)........

$80

+24

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

84/71 Shall

19.10 Waterbosta

Mtalag

FINANCE

NEW

YORK STOCK -

EXCHANGE

1038

Through Reuter's Service)

PAGE 12-HONGKONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

Bayerollers Salon Nomine!

15/8 $9.60

THE EXCHANGE ᎷᎪᎡᏦᎬᎢ.

MESSRS ROZA BROS.

Sliver prices were unchanged yesterday, the quotations remain- ing at 19 1/4 for Rendy and 19 1/8; for Forward. Silver advices re- ported speculators as having sold: American bought. The market was steady. American Sover quoted at 42 3/4 for Spot.

The London New York cross- rate was quoted at 482. 25. New York /London was quoted at 482. 15/16.

MARKET

Quiet. The tone was steady. STERLING There were sellers throughout the morning at 1/3 September /December and 1/2 31/32 January February buyers at 1/3 1/32 Cash /November and 1/3 February. possibly January.

U.S. DOLLARS Sellers at 30 3/16 September /November and 30 1/8 December, buyers at 30 5/16 Caan /Septem- ber and 30 1/4 October November. SHANGHAI DOLLARS

173.

SHANGHAI MARKET

The market was quiet but steady, Sterling opened, with sellers for Spot at 8. 19/32 and closed at 8. 3/8. U.S.$ opened with sellers at 17. 5/16. At the close sellers at 17.3/8 for Spot.

THE AFTERNOON

High Low Dow Jones Averagos, 145.67 88.95 SO Industrials

32.77 19.00 90 Raile 22.55 15.14 30 Usilib 99.70 83.39 40 Bonds 58.00 45.05 11 Commodity lude 47.5%

Amer. Rolling Mill, Amer. Smelting Amer. Sugar Ring. Amer. Tel & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 8. Ft.

| Auburn Motors

Bethlehem Steel .... Boeing Airplane Co. Borg-Warner Briggs M'facturing. Brooklyn-Manhattan

Trans....... Brooklyn-Manhattan

$6 cam. pf.

The market was extremely quiet Canadian Pacine

$7.05

10/2 Kailas......

49.70 Raubsa

Yenesuela Gold Flds.

174 cts. Hong Kong Min......

Docks, Wharton,

Godowns, ete.

H.K. & K. Wharves.......

$10 H.K. & W. Docks.... #10

Dn.

$15 Shanghai Docks 8..... #3.9) New Engineerings B.

Lands, Hotels, and

L Building

130

на

#8 85

$9.18

$1301

3700

Providente (old)........................ Providente (new) ..............~

$6,80

$130 $3.96

יי.

Sept. 2, 1938.

FRIDAY, SEPTEMBER 23, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE RUBBER

Sept 20 buyers sellers

26-3/4 2 217

27-1/4 27-5/8 27-7/8

Sept. 21" buyers sellers

Change

27-1/4

up' 1/4

up 3/8

27-7/8 28-1/8 up 1/4

27-3/8 27-6/8

The market opened with prices unchanged for all deliveries as compared with Wednesday's closing rates.

Early in the morning the market ruled quiet. There were fair overnight-orders for prompt deliveries from London and New York. but little interest was displayed by trade and speculative intersts, operators preferring to swalt further developments before entering into fresh engagements on a larger scale.

Subsequently however, prices gradually declined by 1/4 cent for all deliveries on profit-taking and selling, mainly for speculative accounts, induced by the continuance of the grave political crisis in Europe. Only a moderate volume of business on the basis of quoted rates was transacted due to the reserved attitude of buyers.

Closing tone was quiet.. -

It is reported that Akron interests in U.S.A. are believed t have made considerable purchases of distant deliveries. It is aBO anticipated that consumption figures for September will come up to expectations and failing any disturbing external influences higher prices during the ensuing months may be confidently looked for

LONDON RUBBER

QUOTATIONS

Sept. 20. High Low Close

Chan

-138,41

140 20 137.57 139.19

.38 up

25.67

28.11 85.41 23.88

29 up

18.70

18.95

18.67

18.82

18 up

88.90

87.11

31 up

47,10

$1 off

Business Done:-1,000,000 shares.

Was

STOCKS

Last Sale Sept 20 21

101 Adams Express........ Alleghany Steel Co. 174 Allis Chalmers, .................... Amer. Can.......... Amer. & For. "Power Amer. & For. $7 p.

STOCKS

101

171

Great Western Sugar Greyhound

Last Sale Sept. 20 21-

274 27

Corpo 151

151

481

Hecker Producta ....

951

int. Nickel

481

int. Tel & Tel

163

-174

Kennecott Copper ...

411

412

Amer. Locomotive ... Amer. Metals Amer. Badiator

181

Libbey- Owens- Ford

SPOT

334

"Glass

50+

491

OCT.-DEC.

151

Lockheed Aircraft

131

JAN.-MARCH... ...

171

717

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

501

461

Martin. Glen la mes

201

212* 22

McKesson az

Rob-

141. 1424

bins, $3 pt.

842

841

Monsanto Chemical

331

333"

Montgomery Ward... 461 Nat. Dairy Products 124 Nat. Distillers ...... 23

321 951 451

12}

231

31*

Nat Power & Light

Baltimore & Ohio Barber & Co...

Nat Supply Corpn.

151

154

18)

181

New York Central...

16.

187

181

Barnsdall Of ......................

N. America Aviation

574

571

North America Co.

182

221

Northern Pacific

101

Pacific Gas & Elec 284

28€

324

**331

Pacle Lighting ... 137

381*

Packard Motors

9.,

Paramount Pictures 10

5 101

Pennsylvania R.R..

1B1

181

17 $7.10

E.K. “Eq

$6.95 $7.05

281

27*

Phillipa Petroleum... 39

391

$387

H.K. Leads..........

#351

Public Service of NJ, 277

281

$107

Do. 1% Debentures

$107

in the afternoon..

Case JI

843*

Pure Og:

8.43

Shanghai Lands 8.

$6.80

STERLING

Chesapeake & Ohio

281

Radio Corpn. of Am.

67.

$5.60

3570

H.K. Remities .........⠀

The market finished with sellers

Chrysler Corps.......

70%

718

Republic Steel

171

$10

Humphreys

$10

Chinese Estate

at 1/3 September/December and 1/2 31/32

Columbia Qas & 14.

Reynold Tobac. "B" 41j

402

January February,

Columbia 8% "A" pl.

Schenley

161

8.POT

$18

471

- 481

Schenley, 31% píd...

691*

691

JAN.-MARCH

#18

Ewos (8.)

$90

*90*

Shai Cottons (8.) ..........

$24

Zoong Sings (8.)....

$42

Wing On Textiles (8.)

D.S. DOLLARS

Commonwealth & 8. Commonwealth & s.

Sears Roebuck

704

APRIL-JUNE

Shell Union O!!

151 151

Public Utilities

$17.15 Tramwaya ..........

$16,90

Sellers at 30 3/18 September October, possibly November and

Peak Trama (old)................ Feak

(*)....... Trams

102

3) $77)

37 6% cum pt. Consolidated Edison 254 Consolidated Cir Continental Can

351* Socony-Vacuum Oi!

132"

131

25%

Southern Pacific...

157

181

Southern Rly $5 prg.

151"

15)

414

401

Standard Brands

Continental Ou

291 291

Stand Gas & Elec.

$24

Comm. Products

661

681

Standard Oil of N.J.

531

.. 531

11.35 8.15

Curtiss Wright (C.)

Stone & Webster...

173 1/2.

Cartias Wright “A”

203

204

Swift International 261

27.

$58

3591

Distillers Corpo. 888-

Technicolor

grams

144

Texas Gulf Sulphur

· 35 ·

361

Douglas Aircraft ...

431

437

20th Cent. Fox,

247

$261

Du Pont

133

do. $1 pt.

$21*

32;*

$9,66

26/0

Eagle Picher Lead 104

104

Union

Carbide

H. K. STOCK

Elec. Bond & Share

741

Carbon"...

821

Union Pacifle ........

851

Elec. Bond & Share

$5 phones. Elec. Bond & Share

$8 pi........

$4*

United Aircraft

251

United Airlines Trans

52 .491*

United Corpa,

Elec. Power & Light

United Corpn. $3.

$7.pi.

303

321

cum. pt.

281

Filatkote

231

United Gas Corph.

Gen. America Trans

472

477

Un. "Gas Iprovem't

Uen. Mectric

408

401

US Rubber pf

434

441

$8.70 Lane Crawfords.......

$1.20 Sinceres

32.05

$7.00 $8.05

Watsons

664 Ch.G.5% 19250.$Bd.

pml.K. Govt. 1% Loaza

60+%

8106

Considering the conflicting" re- ports regarding the European situatin the market remains fairly steady at quotations In quite a few instances enquiries are difficult to fill.

Cen. MotorS.

453

461

U.S. Steel

841

861

Gen. Hallway Signal. Glidden Co.......

181

U.S. Rubbc.

561

571

201

Vanadium

181

Goodrich (BF) ... Goodrich' 35 pf.

221

223

Warner Bros. Plet....

544

34)

Westinghouse

Elec. 1014

1013

Din H.K. Gort: 81% Lomas) $101

$60

4.K. Wing On

550

Goodyear Tite & Co. 26. Great Northern Iron

Ore

S'hai Wing On.....

$5!

Great Northern Rly.

13 134.

Woodward Iron Cor. 183 Chase National Bk. 294* 124 National City Bank 231*

Call Money ... 1%

183

201* 231* 1%

$8.40

• bid.

13/0

Marsmans Inv. (L.)

3/4

Maramans Inv. (H.K.)

175 ct

Wm. Powells....

*Baics to Shangbai

$11.20 "38 15

150

3594/1

6251

Cotton Mill

Do. (DOW)

$771 Star Ferries D

4Y'mati Ferriss C.B.

$24

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

hine Lights (new)........... H.K. Electrics

3174 Macao Electrica

9.3 Sandakan Lights.

Telephones (old)....

$93 Telophones (Dew).................

Traction

10,0

Tractions (pref.)............

Industrials

3124

Cald., Macg. (Ord) 8.

4313

Cald., Macg. (Prat.) 8.]

Cementa

11.70 Canton lces

471

$4.90 Bopea

Miscellaneous

Dairy Farme

多 Cb. E'tainments

$1,90 Constructions (öld).

Construction (new)....

Nanyang Tobacco.....

$6.86 Vibro Piling..............

$12

8174

$4,81

cum.d. 825

$6.30

LONDON EXCHANGE

(British Wireless Service)

Sept. 20

178-21/64

21.281 12.08

175 cts.

RATES

Sept. 21

178-3/8

21.28-1/2 12,06

91-11/10

91-5/8

19.40

82d

4,13/16 8.92-3/16

4.82-5/16 8.02-3/16

140

Paris"..

„Geneva“

Berlin

Athens

Milan

Copenhagen Stockholm Shanghai

New York

Amsterdam Vienna.....

Prague Helsingfors

Bucharest Hong Kong Bombay..... Montreal Prussels

Yokohama

Belgrade

1391 226-3/4 670

Buenos Aires

Monte Video

R10

Silver (Forward) .......

Sliver (Spot) War Lear

(N" LONDON:

1/2 31/32 1-5d, 29/32 4.821 28.59)

4.84-5/8

28,59-1/2

214 19.014 20

213.

2-15/14

191

34% 1004.

Closing Quotations

'September 22, 1938.

-1/2}

Telegraphic Transfer.. Bank Bills, on démandi Credits, 4 months might tak

UX BRINGHAI:

On demands

UN SINGAPORE: -—-

Ou demand

TANYAAPAN AT

On demand

Irü

Telegraphic Transder..

On New York : -

19-1/8 19-1/4

31% 1001

Bank Billa, on demand 291' Credits, 60 days' sight 30j

55-2/16

ON BATAVIA ---

-On-demand

ON PARILE

Bank Bills, on demand 1,095 Credits, & months' sight, 1,180 BALCON

Oa demand

On demand

53-3/10

ON MANIL

ON BANGKOK

100/

On demand

Soft?alth Notes

Bank Baying: Hate.......

A QUE ORE DE

1497

· 1/3-1/16

101

buyers at 1/3 1/32 'Cash/Novem-Commercial Credit... ber and 1/3 February.

30 1/8 December, buyers at 30 5/16 Cash /September and 30 1/4 October/November.

SHANGHAI DOLLARS

SHANGILA! MARKET

Sterling, 8. 5/8 sellers for Spot.

U.S.S. 1 3/8 sellers for Spot.

EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

BUYERS

Eongkong Bank. $1445

Union Insurance. $510. Hongkong & K Wharves, $130. Hongkong Docks (Old), $19] Hongkong Docks (New), $187 Providents (Old). $7.10. Providents (New), $6.90. H. & S. Hotels, $7.05. Hongkong Realtles. $5.65. Hongkong Tramways, $17. Peak Trams (Old), Saf. China Lights (Old), $1120, China Lights (New), 58.15. H. K. Electrics. $59.

Cements, $17.

Dairy Farms. $257. Watsons, $7.90.

Marsmans (Lon.). 13/6.

SELLERS Hongkong Steamboats, $21. H. & S. Hotels, 57.10. Hongkong Lands $382. Watsons, $8.05.

SALES

Hongkong Bank, $1440/55. Hongkong & K. Wharves. $130. Providents (Old), $7.05. Providents (New); $885., H&B. Hotels, $7.05.

Hongkong Lands. $389.

Hongking Realtles, $5.70.

Hongkong Electrics. $59. Watsons. $7.99.0

(Prices below in Phil. Currency)

Antamoks PB., 394

∙Atoks; 38

Bagulo Gold, .25

Benguet Consol,. 1160

Coco Grove, .42

Consolidated Mines, .0035 Demonstrations, 28 San Mauricio. 73 Suyoc Consol., 184 United Paracalea 33

REICHSMARK QUOTATIONS Berlin, Sept. 22. The Reichsmark was quoted'

without guarantee at::

New York, 14.05.

Paris, 14.84.*

Amsterdam, 74.05.

· London, 12061/2-

Paris Sterling, 17830 to 178.23.

Paris US Dollar. "36.98--Trans- ocean,

THAMES TUNNEL

PROGRESS

MEN WORKING IN COMPRESSED AIR

Preparatory work on the road tunnel under the Thames between Purfleet and Dartford has progressed so far that the pilot tunnel, it is expected, will be completed in about two months' time.

i π div.

FAR EASTERN FREIGHTS

AGAIN FIRMER

The hardening of freight rates

Previous close buyers sellers

8-1/16 8-1/8

Today's close

sellers buyers

8-1/8. 6-1/4

... 8-3/18

..."8-5/16

8-5/16

Change

8-3/15 up 1/18 8-5/16

up 1/16

8-3/8' 8-5/18 8-3/8 unch

-Market quiet büt closed with a shade better in response to Amertean advices.

NEW YORK COTTON

Prices early declined on moderate liquidation, but later ral- lled partially on steady Liverpool advices, a firmer stocks market and on foreign and local buying. Operators then became some what hesitant and prices again drifted downwards on "renewed liquidation, hedge-selling and proat-taking, with the market finally closing steady at the lower levels.

NEW YORK RUBBER

After opening lower on lower advices from the primary mar- kets, there was a partial rally or reports of an advance on the London market. but prices again gradually eased on, profit-taking, scattered liquidation and freer offerings. In the latter part of the session business mplily consisted of switching of positions.

CHICAGO WHEAT

The market here opened steady, being Influenced by higher Liverpool advices and prices further advanced on the early strength of the Winnipeg market and on an advance in corn prices. Later In the day, prices declined on liquidation and realising together with lack of support and the weakness of Winnipeg.

New York Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Fritz and 'S. L. Levy & Company) · New York, Sept. 21 (Wednesday)

Prev. Today's· High Low. Close Close Change 8.07 7.98 8.04 8,00 .04 off 16.84 16.48 16.53 16.48b 10 off

641

83 622 64 50% 481 621 Winnipeg Wheat

New York Cotton Dec. New York Rubber - Dec, Chicago Wheat

In the Far East which has been Chicago Corn noticeable during the previous two ter three weeks was carried a stage farther on September 8, when a large ship of 9,500 tons was char- during tered for loading beans September-October on the basis of 28a. 3d. 3 ton for discharge at Rotterdam or Hamburg, with the October usual addition of 18. 3d. a ton for December more northerly ports.

The rate

January compares with 268. March

Construction of the main tunnel will take 10 years or more, and the total cost will be £3.200,000,

On the Esser" bank of the river there is a battery of chimneys, 6d. a ton at which business was May belching into the air streams of done just a fortnight ago, which July smoke rings which keep time with itself represented a rise of 34. or Spot

6d. a ton according to the charac- the beat of a powerful engine.

Dec. Dec.

Dec.

8.04/04

· 1 off

49% €12 "60%

49 t'off

14. off

.05 off .06 of unch

NEW YORK COTTON

Opening Closing

Change

... 8.00/00

7.97/97

7.95/05

.05 oa

8.04/05

8.02/03

8,00/00

.04 of

(1939) ...

... 3.08/08

·8.04/03

8.01 N

.05 off

}

... 8.07/09

8.00/06

8.03/03

204 00

{

>.... }

..., 8.03/05

8.02/03

1.98/98

8.02/01

7.98/96

7.82 N

NEW YORK RUBBER

18.45 B

10.32 N

The May

16.54/55 16.86/67 16.87/66 16.75b/78

Sales for the day:---

18.68b/750 2,720 tons.

16.48b/52a 16.57/58 16.62b/882

10 of .09 off

13 p

A week before, tonnage was

This is the machinery comprester of the vessel. sing the air in which men are working, 100 feet below, carving secured

for Septemeber-October September

out the route to be followed by the loading nt 27s. 6d. a ton, but the December

same rate falled March offer

of the main tunnel..

Ministry of Transport engineers, to secure more shipping. who carried out an Inspec-recent rise in the rate is at tion recently, are

satisfied tributable to the small supply of with the progress which is being tonnage available for loading in made with the pilot tunnel through the Far East in the early future. the earth below the river bed.

The rates for lending on the September rice basis at Balgon have also December been showing a very dra tendency May lately..

16.58/59

CHICAGO WHEAT

841/647 641/64

16,023,000 bushels

634/631

624/821

off

63/627

off

851/651 651/65) 649/641

Tuesday's Sales:

CHICAGO COBN

521/52

504/51

091/001

50/491

49/487

52/53

52/521

514/511

WINNIPEG WHEAT A

1,000. FETT MORE Shafts have been sunk in either bank to a depth of 100' feet, and at the foot of each there is 3. shield chamber, 35 feet in internal that the tunnel has reached only

448ft from the foot of the shaft September

December of that side.

The total length of the pilot May 2 tunnel was originally estimated at 27001t, but because of this pin- culty it was found necessary to set

October back the shaft by another 130ft.

December May From the Essex side a point has so that the total length will now been reached 1,319 outward-ap-be 1,32116071 proximately the middle of the

diameter These will be the starting points" of "the"main"tumniel.

Work on the plot tunnel is -| going on from both sides of the Thames, and it is expected that the two parties will meet some time in October

There remains about another

river. Op the Kent side the start; 1,000ft to be driven through, and

621/621 624/821 601/601 617/813 617/618 65/85

602/609

631/637

43.40/44.15a 43.75. N

42-3/4

- 4.83-15/16 -

NEW YORK STRAITS TIN

43.90 N was delayed by Essures in the the meeting of the two working December ....... chalk, which had to be filled in parties will take place nearer the NY gulzér, Official

NY-L'don Cross Rate... 4.81-7/8 with liquid cement. The result is Kent side than the Laser ride.

1938-09-23 — Page 12

Comments

Private Research Note