1938-10-01 — Page 12

1938

STOCKS

Adams Express Alleghany Steel Co. All Chalmers

1/8..

Amer, Can

MAKKET

Amer. & For Power

Steady at the opening and throughout the morning. U. 9.$. were Arm.

Amer. & For, $7 pf. 16)

Amer. Locomotive ....

Amer. Metals...........

STERLING Opened with buying Indications

Amer. Radiator ..............

Amer. Rolling Mil

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

Amer. Tobacco "B" 1

Canadian Pacific

Case. J.I.

Chesapeake & Ohio

Chrysler Corpn.

Columblá Gas de M.

Columbia 6% "A" pl.

$26

$9

robust.

34.0

$25

$7.50

$1.70 Canton loca

Wh

19.00

66.

1.pm

Coments

Rapesee Miscellaneous

Dairy Farms

Ch. Winte Constractions (old)........... -Constructions (now).......... Lane Crawford..........

Nanying Tobacco.....

Sinceres

Ch.05% 1925G Bd.

R.K. Gort: 4% Lonza

H.E. Gori, či % Loans

H.K. Wing On

| S'hai Wing On ...

$47

$6.95

Vibro Piling

organ

13/3

Marumana Iny, (Lon)

*

2/2

| Marazanı lov. (HK.)

70 ata W. Powells

Industrials

$14

Cald., Marg (Ord) 8.

$13

Caid, Macg. (Prat.) &

316

$4

82%

:

$1.80

37.60

68% $106

$77 $34.

$8.00

Opening rate for Sterling was on a lower level at 8: 9/16 whilst The V:9:5-rate remained unchanged.6% cum".pl...

Consolidated Edison at 17, 1/16. Business was done at declining rates, and the market Consolidated Cli Continental Can closed with sellers for Sterling at 933/64 and U.S.S, sellers at 17. Continental Oil 1/16.

Corn Products Curtiss Wright (C.) Curtis Wright "A"

THE AFTERNOON

The market was quiet in the af

The undertone was not ternoon.

STERLING Closed with selfers at 1/3 Octo- ber /January and 1/2 31/32 February/March, buyers at 1/3 January and 1/3 1/32 Cash March

UK. DOLLARS

The market closed with sellers at 30 1'16 October and 30 Novem- ber December, buyers at 30 1/8 October/November.

SHANGHAI DOLLARS.

175 3/4.

SHANGHAI MARKET

Sterling sellers. 8. 33/84

US.S. 17. 1/16.

Distillers Corpil. Sea-

grams. ** Douglas Aircraft Du Pont

Eagle Picher: Lead Elec, Bond & Share Elec. Bond & Share

$51.......

Elec. Bond & Share

$8 pf...

Elec, Power & Light

ST pt.

Gen..Motors

and| Glidden Co.................

Commercial Credit.... Commonwealth "& 8. Commonwealth & 8.

PAGE 12-HONGKONG DAILY PRESS

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Buyers Halpe | Nominal

$1,415 $1,435 1,380/1,428

13

$197

(3125/8]

$7

$6.80 310

::

£37

FRIDAY.

SEPT. 30.

lanka

H... Banka

Sharebrokers' Association

Do. (Col. Reg.)... Do. (Lon. Beg.)...... £101 | Chartaraḍ Barka ... 239 Mercantile Bks. “A” £13 Marcantila Bks. "C"

$505

9%

Bank of East Asia ... N. C. & B. Banks....

Instances

Canton Ingarance.......

¡Union Insurances 2.

· Underwriters ..........

1200 H.K. Fire

Shipping

Stamboats.

:

1683

Dongide .....

350

SPU

14

Indo-Chinas (Duf.).

80.3

Sholla

Indo-Chinas Pruf,}.

'10,00' Waterboats ..............

Mining

13/0 Kailums......

9.70 Raubs

$3

Venezuela Gold Fida.

7 cts. Hong Kong Minea......

Docks, Wharves, Godowns, ets. H.K. &K. Wharves... Providenta (old)..........

$1M

|Providants (new)....... H.K. & W. Docks.... Do (new).......... 3125 Shangbai Docks 8.... $3.90 Now Engineerings 8.

Lands, Hotels, and Buildings

H.K. fotela

H.K. Landa...........

Buyers Balers Sominal

$500

$1,400

£87

11 at 1-1 leage bze

$196

$127 cum.d.

$6.30 $8.10

8194

8182

$31

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Silver prices rose yesterday, to the extent of 9/16 for both dell- veries, the quotations being 19. 5,18 and 19. 3/10 respectively. Silver advices reported the market as steady with sellers reserved. Later the market was Arm. There were buyers at 1/8 higher but sellers

American scarce. were Silver was quoted at 42 3/4 for

Spot.

The London New York cross- tate was quoted at 475. 75. New York London was quoted at 478.

1

Bus-

1/3

FINANCE

NEW YORK STOCK

Amerada Corps.

ĥ

Barnsdall Ol

Bethlehem Steel

SATURDAY, OCTOBER

1938.

EXCHANGE

(Through Renter's Service)

at 1/3 for near, sellers offering 1/2 | Amer. Smelting

31/32 for forward delivery. iness came through to a moderate extent at 1/3" for Cash.

Subse.

quently sellers offered 1/3 up to Chinese New Year. The market closed at 1 pm. with sellers at 1/3 October January. buyers at 1/3 1/32 Cash January and March.

US. DOLLARS Speculators did a fairly exten- sive business selling Dollars. In the Bank market there were sellers at 29. 15/16 at the opening but the rate gradually rose to 30. 30, 1/18, 30 1/8 and 30 3/18, resulting it some business at these rates for various deliveries. Closing rates at 1 p.m. were 30 1/8 sellers for near and buyers at 30 3/18 for Cash and 30 1/8 for far forward.

Amer. Waterworks- 321 Anaconda Copper ... Atchison, T. & 8. Fe. Auburn Motors ...... Baltimore & Ohio Barber & Co.

Boeing Airplane Co. Borg-Warner

Briggs Mfacturing.. Brooklyn-Manhattan.

Trans, ...... Brooklyn-Manhattan

$8 cum. pf.

$8.90

$4.35

#01

$6.00

$88

$107

Do. 4% Debentures

.

Shanghai Lands B.

935 BE071

201

H.K. Beation....

Humphreys ...................

108

Chinean Batalo ......

Cotton Mill

#18

$18

Ewas (8.)

$90

S'hai Cottons (8.)

$80

SHANGHAI DOLLARS,

$24

Zoong Sings (8.) ...

$14

173 1/2 to 176.

$42

Wing On Textiles (8.)

$42

SHANGHAI MARKET

Public Utilities,

$16.50

#10/10.85

$16.60

Tramwaya

Peak Trams (old)...............

167

$3

#3

Feak Trama (new)............---|

$72

Star Fitrian

9234

Y'mati Ferrien C.BS

Do.

$10

China Lights (old)......

$10.40

cail

$10

on Lights (new)......

$58

H.K. Electrica

8381

J

$17

Macao Electrics

Sandakan Laghts

$26

Talephotos (old).....

$9

Telephones (new)...............

200 Tracia

28,3 Tractions (prof.)

QUOTATIONS

Sept. 30, 1938. High Low Close Ubang

137.40 134.88 137.18 1.45 up 26.65 2478 23,67 1.04 up *1879 18.08 18.89 42 up

dri49

.34 up 47.69

.29 up Business Don--1,230,000 shares,

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

JAN.-MARCH..

(FROM PAYNE & CO.)

SINGAPORE RUBBER

Sept 27 buyers sellers

25-5/8

25-3/3

25-5/8 25-7/8

36-7/8 28-1/8

Sept. 29. buyers sellers

25

Change

25-1/4

OM 3/8

of 3/8

ou 1/4

25-1/4.25-1/2 25-5/8 25-7/8

Influenced by reassuring news on the political situation in Europe the market, after the opening, ruled firm at 25 cents buyers for January-March options and at correspondingly higher rates for more distant deliverles It was rather difficult to transact business on the basis of quoted rates due to scarcity of sellers.

Later in the day the market turned somewhat erratic and after Auctuating within a price-range of 3/8 of a cent closed at 254 cents for' January-March with a quiet, but steady undertone.

For the information of our clients we herewith beg to subjoin the following statistical @gures for the month of August as compared with July 1938.

Production in Malaya by

な

estates over 100 acres in August Production in Malaya by

estates under 100 acres in August Stocks held by Dealers-IN

Tons

Tons

18551 Down 1244

8203 Up: 106

High Sow. Dow Jones Average, Sept. 2 143.67 98.95 So Industrial

32.77 19.00 90 Rails

133,68

23.65 16.14 90 Uzilimen 9 82.70 83.39 40 Boads 59.00 45.03 11 Commodity Index 47.40

24.08 15.00

85.95

Last Sale

STOCKB

Last Sale

Sept. 28 29

Sept. 28 20

91

· 108

Great Western Sugar 26

281

16)

17

Greyhound Corpn. 141

16

+101

181

Hecker Products

71

63 *

651

Int. Nickel ...

461

+8)

951

97

Int. Tel. & Tel.....

81

31

31

3}

Kennecott Copper...

401

427

3 POT

174

Libbey- Owens- Ford

OCT.-DEC.

17

181

Glass

50 1

51

325

32

Lockheed Aircraft' .

121

134

147

154

Loew's Inc,

48

*492

164

17)

Martin. Glen L...

201-

213

43A 441

McKesson & Rob-

21

211

136

1401

841

31 bins, $3 pf. ...................... Monsanto Chemical 93

444 Montgomery Ward...

321 951 46

BA

>

33

Nat Dairy Products 121 Nat, Distillers......... 221

124

231

31. 31

33

Nat. Power & Light 6

01

31*

NaL Supply Corp. 141

151

61

New York Central... 151

161

18)

N. America Aviation

81.

81

16

17

North America Co. 178

181

541.

572

Northern Paciic...

10

101

22

23

Pacide Gas & Elec 251

25+

312 33

Pacific Lighting

351

353

31k

321

Packard Motors ...

43

43

Paramount Pictures

91

101

Malay States at 31st August ........... Stocks held by Dealers in

81

83

Pennsylvania R.R... 17

181

Straits Settlement at 31st August

Phillips Petroleum...

371

381

11037

40139 Down

Stocks held at Ports and in

261*

261

Public Service of N.J.

271

281

"

51

5#

Pure Oil

92

101

Lighters in Malaya at 31st August "tocks held by Estates over

8254

Up 389

80

83

Radio Corpn. of Am.

671

01

27}

30

Republic Steel..

18

17

100 acres in Malaya at 31st August Total Stocks held in

33509

Up 2334

68

707

Reynold Tobac. "B"

404

413

Malaya at 31st August

90039 Down 6678

Schenley

141

161

60

624

Schenley, 51% pfd... 85 *.,70

LONDON RUBBER

443

471

Sears Roebuck

671

691

I

Shell Union Ol

141

(41

« Previous close.

buyers

Socony-Vacuum O. 13

131

341

35

Southern Paelic

15.

151

is P.O.T.

7-7/8

Today's close

sellers: buyers

7-15/16 7-3/4

241

26

Southern Rly $5 pld.

151

102

JAN MARCH

7-15416_8_

Fllntkote

Gen, America Trans" 44

Gen. Electric

Gen. Railway Signal 19

Goodrich (B.F.)

$101

Goodrich 15 pf.

36.40

H. K. STOCK

Goodyear Tire & Co. 253

Great Northern Iron

Ore

Great Northern Rly. 171

* * * * * * * * * * ₫ 7. 28±88±8688 ZE

8*

Standard Brands

01

ཏྭཱ

8

40%

-Stand Gas & Elec,

31

31

201

Standard Oil of NJ.

'50

521

653

B+

.91

Stone & Webster

Swift International

251

27

21

201

201

Technicolor

411

43)

Техва Согра

141

Texas Oul! Sulphur

36

361

431-"

46

20th Cent. Fax.

231

241

132

do. $1 pi

30

+

32

10

Union Carbide &

71

Carton ....

79%

32

Union Pacific

811

88

421*

54 *

United Aircraft ...

25

251

United Airlines Trans

81

ર

511*

United Corpn.

24

21

United Corpn. $3

.39

cum. pr.

257

231

231

United Gas Corpn.

3

31

441

Un. Gas I'provem't

91

9*

403

US. Rubber pf.

44

441

401

U.S. Stee!

83

341

191

U.S. Rubb

.562

21

Vanadium

171

18

221

Warner Bros. Pict....

52.

61

APRIL-JUNE

„0% 1/16. 7-15/16 8-1/16 of 1/16

Market quietly steady, awaiting further developments.

NEW YORK COTTON

The market early advanced on the better political situation and firmness on Wall Street. General buying also aided the market. Later, however, prices reacted na lower Liverpool cables and on proft- taking, especially in near positions. Then, values again hardened on covering by shorts and switching to later months. The market closed fairly steady, but prices were below their best!

NEW YORK RUBBER

After an irregular opening, the market steadied with increasing optinism regarding the meeting of the "Big Four" at Munich: mand found offerings light and values continued to advance.

CHICAGO WHEAT

De-

Prospects of an amicable solution to the European controversy and the easiness of the Liverpool and Winnipeg markets'inspired mo- derate selling. At the same time, there are indications that liquida- tion has been completed, but support from professional traders is lacking, pending news from Munich. Export demand is disappointing.

7-78

sellera

7-7/8 8.

Change of 1/8

8-1/18

531

Westinghouse

Elec. 981

.091

261

Woodward Iron Cor. 161

171

12)

181

Chase National Bk. 283*. National City Bank 221", Call Money

291*

231*

1%

70 cts:

tex. div.

1%

• bid.

*Bales to Shanghai

LONDON EXCHANGE RATES

(British Wireless Service)

Sept. 28

Sept 29

Parla

178-9/16

1761..

Geneva

21.16

21.10

Berlin

11.00)

11,921

Athans

silian

19

901

110

Lisbon

Stockholm

19.391

19.40

Shanghai ....

Bid

New York

4.71

4.751

8.771

8.841

137

138

224-3/4

€160

1/2 31/32

1-5d. 29/32

4.811

1/5-15/16 4.831

27.804

28.171

13.

210

18.801 70%

18.89 201

2-31/32

181

181.

34 93

19-3/16 19-5/16 34.99

Amsterdam

Vienna.....

Prague

Helsingfors

Bucharest

Hong Kong

Bombay

Montreal

Prussels

Yokohama

Belgrade

Buenos Aires .,.

Monte Video

Rio de Janeiro

· Silver“ (Forward)

Silver (Spot)

War, Loan

Closing Quotations

20, 1939.

Telegraphio Transfer. Bank Bill on dánkað }'

Credits, 4 months, wight = 1.11

On demand

UN. SINGAPORE:

Ou démand

LAM JAPAN7"

Ou demand

Telegrapnic Transfer.. Sane depURDER

ON NEW YORK:÷

Bank Bills, on demand 291 Credits, 80 days' sight 30

ON BATAVIA:

On demand

Qs Pants': -

541

Bank Bills, on dimanð 1,095 Credits, 4 months' aight 1,180

UN SALDON

On demand

16 MANILA

On demand”..........................

ON BANGKOK:-

10%

On demand ... 149 srivereign Notes.

Bank Buying Rate..... 1/8-176 Der Hilver TRE DEL

19-6/28

EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

SELLERS

During most of the week the market was overshadowed" by the critical slate of affairs in Europe, but the news received to the Colony early this morning that the four Great Powers had arrived at a solution of the crisis gave great stimulus to the opening quotations. "Buyers displayed eagerness to ob- tain shares, though their ideas of prices did not at first tempt, many sellers. As the day. wore on en- quirers raised their bids, resulting in a

fair turnover at advancing rates. The closing tone, firm" with an upward tendency.

BUSINESS DONE DURING- THE WEEK

Hongkong Banks, $1325, $1360.

$1-125, $1440. Union Insurances, $512). Hongkong Wharves, $125. $127.

$128.

Providents (Old), $7.05, $7.15. Providents (New), $8.80, $8.70,

$8.85, $6.95,

Hongkong Hotels, $8.95, $0.92).

$8.70, $6.90, $7.10/7.15. Hongkong Lands, $384. Tramways, $16.90, $16.85, $16.

$16.85, $17/17.15.

Star Ferries, $771, $77.

China Lights. (Old), '$11.20, $114.

$111.

Hongkong Electrics, $581. $504.

$59.

Cements, $174.

Watsons,

Wm. Powells, 70 ets.

Govt. 4 per cent Loan, 64, per

cent Premis da

Govt. 3 per cent Loan, 1 per

cent Prem. CHANGES: (9.15 p.). CLOSING QUOTATIONS

Hongkong Banks, $1480. Union Ensurances, $510.

H.K. SHAREBROKERS' ASSOCIATION

BUYERS

Banks, £1430. Unions, $510. Wharves (Old); $129. Trans, $16.90.

China Lights (Old), $11.40. Electrics, $59.

Cements. 5163,

Ropes, $41.

Watsons. $7.90. Coco Grove, .69 cts.

SELLERS

China Lights (Old), $11.65.

SALES Providents New). $8.95. Providents (Old), $7.10/15, Hotels. $7.15/20. Trams, $17.

China Lights (Old), $114/35,

Hongkong Wharves, $1284. Providents (Old), $7.15. Providents (New), $6.95,

Hongkong Hotels, $1.15..

Hongkong Lands, $381.

Hongkong Realties, $51. Hongkong Trams, 317.15. Star Ferries, $77. China Lights (Old), $11.35, Hongkong Electrics, $59. Cements, $17. Dairy Farms, $264. Watsons, $7.95.

SALES

Hongkong Banks, $1440. Union Insurances, $512). Providents (New), $8.85/6.95. Hongkong Hotels, $7.10/7.20. Hongkong Lands, $381. Hongkong Trams, #17.10/17.15, Star Ferries, $TLAR China Tights (Old), $111/114 Electrics, $69. Cements, $174. Watsons, #8

NEW U.S. GOLD POLICY

Certificates For Fresh Imports

Washington, Sept. 30.

At a Press Conference last night, Mr. Henry Morgenthau, Secretary of the Treasury, stated that any further gold Imports Into the United States would not be placed with the Treasury's general fund,, thus indicating that the Treasury will issue gold certificates Instead,

N. Y. Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. L. Levy & Company), New York, Sept. 29 (Thursday)

Prey. Today's High Lav Close Close Change 8.05, 7.91 7.90 8.00 .10 up

15.56 10.00 15.55

654 841

October

Gold now in the general fund may moreover be withdrawn to December replenish, if necessary, decreases March in the Treasury's accounts with the May Federal Reserve Banks and to meet possible Renter:

future gold exports

NOT SURPRISING

קט 10!

סט 11.

unch.

Chicago Corn. Winnipeg Wheat,

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

Dec.

15.98 32 up.

651

#51

up

501

491

501 49%

Dec.

631

62

631

621

off

NEW YORK COTTON

Close

Opening.

Closing

Change

7.97/98

.8,03/03

7.95/95

.02 off

December January March May July

7.90/91

7.98/96

8.00/01

(1939)...... 7.88/88

7.96/98

7.08/98

.10 "up

{

>

... 7.87/88

7.94/94

7.98/98

{

> ..... 7.80/82 (,,)

7.87/88

7.93/93

13 up

Spot

7.80/80 7.82 N

7,86/86

7.92/93

12 up

7.82 N

NEW YORK BUBBER

15.66/66

15.03/69

15.66/70

15.68/68

15.73/73

15.70/20

15.98/98 15.08/16.01 16.04/05

ap

up

Sales for the day

4,680 tons

CHICAGO WHEAT

€6/651

661/851 661/661

651/651

29,227,000 bushels

CHICAGO CORN ^.

504/504 504/493 537/534 824/521 53/52 541/541

499/497

off

of

534/53)

ΟΣ

WINNIPEG WHEAT

643/84]

637/631

831/631

631/831

621/621

021/62}

681/061

651/851

NEW YORK STRAITS TIN

44.05 N

44.10b/50a44.45. N 42-3/4 4.78-1/8

December

May

Wednesday's Bale

New York, Pot..30. The statement of Mr. Morgen July thay is not considered particularly surprising here in view of the fact that the Treasury had already begun, to de-sterile part of the free gold held in the general fund. December

May This step, together with the new development, have as their prin- cipal object the prevention of a depletion of the Treasury's cashi resources, which are needed to pay for the spending programun The gold Influx has so far been paid for by Treasury receipts.

The potential widening of the credit base resulting fLum the new policy is not regarded - as an important factor in pre-

sent, conditions Bauter...

July

October December May

December

·651/65)* 642/66 66/661 654/451

NY Bilver, Official ...... 42-3/4- NY-L'don Cross Rate... 4.73-1/4"