1938-10-06 — Page 12

Sharebrokers. Association

WEDNESDAY. OCT. 5.

Buyers Ballers

Momina ·

Banks

11

| $1,488)

Do. (Col. Eeg.) ----·· | Do. (Loa. Beg),

201

£39

67

#295

$514

210) | Chartered Banks .....

21

189.

Mercantile B "A** Marotmilie Bick. “C2

Bank of Eass änin ...

N. 0.8. Banks.....

Insurancès

Canton Insurinces........

Union EpentADOBE ****** Underwriters kepenatanten

1920 HK Fire

Shipsing

£10

PAGE 12-HONGKONG DAILY PRESS

DAILY SHARE QUOTATIONS

Hong Kong Stock

Buyers Sellers

Exchange.

SA

$1,400

£90

B.K. Banks

·

JAPAN'S RAYON

TRADE NOT BRIGHT

Exports In August Unsatisfactory

Shanghai. Oct. 5.

trade

Japan's export

rayon yarn and textiles for Angust, the first month

FINANCE

H

NEW YORK STOCK EXCHANGE

(Through Renter's Service)

QUOTATIONS

1938

High Sow Dow Jones Averages

Oot. 3.

145.67 88.96 30 Enduroria in

14229

Oct., 1938. High Low Close 14488 143.28 14493

Chang

$2.77 19.00 90 Rail

27.54

29.58 15.14:20 Utiliti

10.20

92.70 63.39 40 Bonds

in

£29

operation of the

palp-rayon

STOCKS

£13

"link" system, was not

$88

factory, according to

satis- reports

Adams Expresa

from Tokyo.

5320

Exports of yarn were

###!

$610

500 boxes, 29,000

only 13, boxes

lower

12

7900

1687 Dengiz ke

588

$20

$30

Steamboats

to im- 1,700

$80

Indo-Chinas (Prst.)........

$80

124

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

$24

boxes.

88/9 Shalla...

88/9

Rayon

manufacturing

Waterboats

19.

Mining

17/3

Kailang

17/3

#L

Venezuela Gold Fide.

$7.10

$6,90

$19

1381

#38?

$107

**

19.70 Rauba ...........

74 eta. Hong Kong Miom......

1 Docks, Wharves,

- "Godowns, ate.

319 HK & K. Wharros... $198

Providenta (old).........................;

Providenia (new)-------

H.K. & W. Dock #18)

Do (*). 3126 Shanghai Docka 8..... #390 New Engineerings B.

Lands, Hotels, and

Bällding

H.K. Hotale

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

Do. 4% Deatures

43 Shanghai Lands 8.'

H.K. Resitleser

$9.80 Humphreys

Chinese Estaten que

Cotton Mil

Kwon (8.) „í

Bhai Costons (9.) ..............

panies are trying "bard crease their exports, but the Jap- anese product is not now in a Italian position to compete with rayon in foreign countries due to Italian dumping

to

com- in-

of

Public Utilities

(new) Do.

$17Macao Electrics ..........

Sandakau Laghta ......... Telephone (old)... $2b #451

$9

$4.85

$262898

Sinceres

J

"Sales to Shanghai

LONDON EXCHANGE RATES

$130 C.D.

$7 15

H

$8.95

*L*

$10

3190

Imports of pulp

$31

were only 5.700,000

striking

000

ST

87.10

- $85) | #38)

206

$5.90

191

198

119

19

$90

#88

$24

Zoong Sings (S) ......

$24

$49

Wing On Textiles (8.)

$49

$17.10

#17.15

Peak Trams (iii).................

:6)

Feak Trans (now)................. Star Ferris

$77

$4Y'mati Ferries CBS

$94+ 1934

8591

$11,30 China Lights (Did)................... #101|||ina Lighta (new)................

H.K. Electrics........

$11

$11.30

$10.80

969 $60

#10

15

NI

Telephones (new)......

26j.

Tractions one.

20/3

Tractions (praf.)

-Industrials

314

Cald., Macg (Ord) 8.

318

Cald., Macg, (Prof.) 8.

$1.70

Canton · less

$17.20 Cements

$1,60 $17.50

Ropes

561

Miscellaneous

Dairy Farma...

8201

Ch. E'tainment -......- $6.10

37

Constructions (old).....

251

{Constructions: {new).....

49

Lane Crawforda........

$81

Nanyang Tobacão ..............

Gen. America Trans Gen. Electric

434

48%

$8

$8.30

Watsons

$3.35

69. Gort. 4% Loans

Ch. Q.4% 1995G.#Bis..

pm

$106

H.K. Gori. 34 % Loans

$101

$47

H.K. Wing Cu

$47+

8′hai Wing On

ww

101

18,35 Vibro Piling panan

$6.40

A

15/0

Margman lor. (Lon)

H. K. STOCK

FwY

Gen. MotorE ... Gen. Rallway Signal Glidden Co. Goodrich (B.F.)...... Goodrich $5 pt.

233 Goodyear Tire & Co.⠀ Great Northern Iron

Ore

20

241

231

-581

13

3/4

Maramane Inv. (HK)

PH

Wa. Powells

Great Northern Aly, 201

90 cla

Experts of rayon, textlies were also not satisfactory. The amount amounted sent to the yen-bloc

to 15.880,000 square yards, increas- ing 1,287,000 square yards;

Amer. & For. $1 pr. 201 Amer. Locomotive ... amer. Metals ........ Amer. Radiator ...... Amer. Rolling Mill... Amer. Smelting Amer. Sugar Ring -- Amer. Tel & Tel Amer. Tobacco "B" *Amer. Waterworks ....

Anaconda Copper

351 Atchison, T. & S. Fe. Auburn Motors ...... Baltimore & Ohio Barber & Co. ******* 18 Barnsdall Ou

than in the month-before, accord- ing to the Rayon Association of Japan. Out of this, the amount

of exports to be inked parts of pulp totalled only

Last Sale Oct. 3 4 12

Alleghany Steel Co. 18 Allis Chalmers ........

51 70 Amerada Carps.

100`

Amer. Can.

Amer. & For. Power- 41

ક્ષ

Business Dons--950,000 shares.

Great Western Sugar Greyhound

Hecker Products Int. Nickel

lut. Tel. & Tel

Kennecott Copper... 441

Libbey-Owens- Ford

39.00 45.03 11 Commodity Index 47,50

.06 68 27.78 97.19 17.63

.CB up 20.31 -19,89 10.09 .It aff

88.67 47,22

N

STOCKS

Last Sale

201

351

161

181 471 23 1431 831 10 341

4223

.. 10

63

41

71 21

for August

Bethlehem Steel

contrast to

the pounds. for period of last year.-International.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS

Silver prices rose 18 yesterday for both deliveries, the quotations being 19.5/8 for Ready and 19.12 for Forward. Silver advices re- ported the market as being steady. There was a little general buyers Later a small business was done at 1/16 under the quoted rates American Silver' was quoted at 42 3/4 for Spot.

The London-New

York cross-

rate was quoted at 479.25. New York-London was quoted "at 479. 7/8.

MARKET

The market was quiet.

STERLING ...

There were sellers at 1/3 Octo- ber-January and 1:2 31/32 Febra- ary-March buyers at 1/3 1/32 Cash-January and 1:3 March.

U.S. DULLARS Sellers at 30 1/16 Cash and 30 October-November, buyers at 30 1/8 Cash-October and 30 1/16 Novem- ber-December.

SHANGHAI DOLLARS 180 3/4.

SHANGHAI MARKET

Last advices indicated sellers for Sterling at 8.17/64 and US. Dol-

lars at 16.17/32.

Brooklyn-Manhattan

58 cum. pr.

"

Canadian Pacific... 93 Case. JI .............ion. Chesapeake & Ohio 741 Chrysler Corpn. Columbia Gas & . 70 Columbia 6% "A" pf. 50 Commercial Credit Commonwealth & 3. Commonwealth & 8.

391 6% cum pf. Consolidated Edison Consolidated Ofi Continental Can

Curtiss Wright (C) 221

Curtiss Wright “A” Distillers Corpz. Sep-

grams......................... Douglas Aircraft Du Pont

Elec. Bond & Share 61

35 pl....... Elec. Band & Share.

$6 pl. Elec, Power är Light

$7 pl. Flintkote

56.000,

same

Boeing Alplane' Ca pounds, in

Borg-Warner. ....................... Briggs M'facturing -

591 25

34,

35

Brooklyn-Manhattan

93

Trans. ......

+31

61

317

11

274 9"

431

291

Continental Qu Corn, Products

681...

54

Н

161

484

--- 138%

Eagle Picher Lead Elec. Bond & Share

107

71

རཱདོཚོམྨོ བྷོབྷིཡྻཧིཏོཎྞསྶུཏྟཱ3སྒྱུཨྠནཱདྷནོནྣཨཽ ཤཿ བྷཱཛོ ཿབྷོརཱ བྷིཆསྐྱུཙྪོཨྠ སྒྲ#ཏྟཱནང 8 ནྟི ཡ8གྷཝོརཱྀཐü ཧཱི

OCL 3 4 28 Corpn. 171

271-

181

8)

8

THURSDAY, OCTOBER 6, 1938.

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE · BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE RUBBER

***

50)

GO!

10

101

431

Th

SPOT

Glass

"551

· sst

JAN.-MARCH

Lockheed Aircraft ... 151 Loew's Ind

15)

APRIL-JUNE

Oct. 3

Oct. 4

buyera sellera

buyers sellers

28.1 "28-1/4

*28-1/8 25-3/8 ..

28-1/2

28-3/4

up. 1/8

28-3/4 29. 33-7/8 29-1/8

up 1/3

Change

up 1/8

28-5/8 28-7/8

Martin, Glen L. McKesson

52 231

511 2++

&. Rob-

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

*35

Monsanto Chemical" 981

Montgomery Ward...

482

Nat. Dairy Products 131 Nat. Distillers

.344 98 481 131

25

*5

Nat. Power & Light

71

71

Nat. Supply Corp. isi

178

New York Cyhurana,

18

172

N. America "Aviation 94

North America” Co." 201 Northern Pacife ... 114 Pacióc Gas & Elec 27 Pacific Lighting

201

111

261

.39*

39

Public Service of N.J.

Pure Oli

Packard MOTOES.... 5 Paramount Pictures 11 Pennsylvania R.R... Phillips Petroleum.. 401 304 104"

5

11

133

104 404 30

101

Radio Corpn. of Am Republic"Steel ..

74

77

+

18

181

Reynold Töbac. "B" - 433

431

Schenley....

177

171

The market opened 1/2 of a cent lower for all deliveries as com- pared with Monday's closing quotations."

After the opening the market ruled quiet in sympathy with con- ditions prevailing in New York. Despite fair enquiries for "spot" Rubber, 'dealers and speculators were reluctant to enter inte new 'en- gagements due to the domestic political situation in the United Kingdom. After a moderate volume of business having been trans- acted on the basis of quoted rates, prices temporarily declined by further 3/8 cent on lack of support by dealers who, however, were not ... selling to any larger extent.

Later in the session the market recovered this setback, closing with a quiet, but steady undertone.

With the removal of war fears and with the advent of a better European political situation f is generally felt that Rubber should show a fair measure of improvement before long, more especially só, as reports from USA, indicate a continuance of steady dealer and factory buying.

Malayan Domestic" Rubber Exports during September are estimat- ed at 20,500 tons as against 29,000 tons in August and 28,000 tons in July.

LONDON RUBBER

Previous close Today's close buyers

sellers buyers sellers

ין

:.

"..

497

Schenley, 5% pfd...

704'

701*

SPOT

Sears Roebuck .....

731

734

11

Shell Union Ol

15)

- 151

JAN.-MARCH

APRIL-JUNE

8-3/16 8-1/4" 3-5/16 *-3/8 8-3/8'

8-7/18 3-3/8

8-3/16 8-5/16.8-3/8 5-1/2

Change

8-1/4 unch.

Bocony-Vacuum Oll. 14

143

392

Southern Pacific

172

"172

Southern Rly $5.pid.

19

19

Prices hardened on Continental trade enquiry, but reacted on disappointing New York advices.

Standard Brands ....

7

7

Stand Gas & Elec.

31

3)

NEW YORK COTTON

Standard Oil of NJ

54

544

Stone & Webster

101

10

Swift Internationa. 274

27

23

Technicolai

213

22

45

44)

Texas Corpa........

Texas Gulf Sulphur

37

371

20th Cent. Fox.

267.

251

Union

do. $li pf. .............

Carbide Carpen............

36

35+

842

831

Union Pacific

901

01

50 *

United Aircraft

281

283

United Corpn.

United

United Airlines Trans

Corpn. $3 cum. pf. .....its nam

91

92

21 ....23

32,

31

United Gas Corpn. 31

31

Un. Gas Iprovem't 10

10

Trading on the Cotton Exchange to-day was on the light side Hquidation. Subsequently. and prices were lower on hedging and

values rallied owing to some Commission House and Trade buying and inquiry trom Liverpool. The rally, however, was short-lived, as there was further hedging on the advance.

NEW YORK RUBBER

There was a good factory demand

and prices advanced steady London cables. Later, values further advanced on covering by dealers and the market closed near the highs for the day.

CHICAGO WHEAT

Foreign advices were unfavourable and the local market declined

in sympathy. Export demand was poor and reports from" Argentine indicated comparatively favourable conditions.

U.S. Rubber pf.....

473

48

U.S. Steel

891

90

U.8. Rubbc.

591

59%

Vanadium

191

19

Warner Bros. Pict.....

01

01

די

Westinghouse Mec. 1053

1087

N. Y. Commodity Market

Woodward Iron Cor. 194

191

Chase National Ek 323* National City Bank

328*

261*

281*.

Call Money

1%

1%

1 ex. div.

• bid.

(By Courtesy of Messrs. Swan, Culbertson & Fritz and 3. L. Levy & Company)

New York, Oct. 4 (Tuesday)

Prev. Today's

High Low

Close Close Change

New York Cotton - Dec. New York Rubber

8.21

8.12

8.19

Dec.

18.89

18.58

Chicago Wheat

-- Dec.

831

641 7627

-Dec.

461 451

454 ᎭᏎᎵᏘ .

Dec....

591

573

591

8.13 06 off"

16.82 1881 19 up-

630

11 off

· 581 11 off

90 cia

Parts

Geneva

Berlin

Athens

Milan

Labon

Stockholm

Shanghai New York

Amsterdam

EXCHANGETM

YESTERDAY'S

OFFICIAL QUOTATIONS.

The market continued quiet and featureless,

BUYERS

Union Waterboats, $9,

Peak Trams (Old), 561.

Star Ferries, $77.

Bandakan Lights, $9.80.

(British Wireless Service)

Det. 1

Oct. 3

178-25/37

21.21

178-31/32 21.021

12.001

7.931

5471

911

921

Union Ins., $515.

110

110

19.39

19411

HK Hotels, $7.

814

FLK. Lands, $38).

4.32

4.791

H.K. Teams, $17.

8.49

8.81

Vienna....

Prague in

140

Helsingfors

2252

Bucharest

660

Hong Kong

1/3"

Bombay ........

1/5-15/16

Montreal

4.851

4.83

Prussels...

28.571

28.30

Yokohama

1/2

Belgrade

210

Buenos Aires

18.971

18.99

Monte Video

.20

192

2-15/16

22.40

19-1/16

101

*194

299

34% 99

34% 101

Rio de Janeiro

-Copenhagen

Oslo

Silver (Forward)

Silver (Spot) --

War Loan

ON LONDON

Closing Quotations

October 6, 1938.

Telegraphic Transfor....... Bank Bills, on demand Dredits, 4 months' night

Ox RHANGHAI 200

On demand

UN SINGAPORN 2---

On demand

* JAPAN:-

Un New Yor:~

Bank Bills, on demand 291

Credita, 50 days': mighà- 201

ON BATAVIA 2m -

On demand..

143

ÜS PARIS:-

170 nom.

Us, Saigon: 2

.53-8/18

On demand * 108

14-

Telegraphic Transfer.

Swi

Book Bills, on demand 1,100 Credits, 4 months' sight: 1,186,

110

2 On demand Öy Manila:-*

On demand

ON BANGKOK-

On demand

Sovereign. Notes

1027

Bank Buying Hate..

HITWAN DEP DE

1499

1/8-1/16 199

Telephones (New), $9. H.K. Ropes, $4.85. Dairy Farms, $254. Wm. Powells. Bücts.

SELLERS

Providents (Old), $7.15. Providents (New), $690. Dairy Farms, $26.

.. SALES

Hongkong Banká, $1485. HK Lands, $383.........''. H.K. Trams, $17.10.. Electrics, $594. '

Sandakan Lights, $10.

Watsons, $8.30.

Govt. 34% Loan, DAL,

(Prices below in Phil. Currency)

Artamoks Pa., 34 Atoks, 35mm

Baguio Gold,"244 Benguet Conso), 11.60 Coco Groves, 42

I. X. L 82

Paracales Gumaus,

San Mauriciő, 73. Sugoc Consol,184 United Paracales, 30

CLEARING

AGREEMENT

Rome, Oct., supplementary commercial clearing agreement between Italy and Japan and Manchukuo was signed here yesterday-Reuter

SHAREPUSHING SWINDLE HEAD IMPRISONED

“BAND OF COMMERCIAL BRIGANDS”

Spiro Gets Eight Years

. '..

- “You were the head of a society of men who were nothing else than a band of commercial brigands, and in that capacity you were preying on the community,” So the Recorder, Mr. Gerald Dod son, told Stanley Grove. Spiro, City financier, whom he sentenced at the Old Bailey recently to eight years' penal servitude.

"One thing, at all events, can be said about you. You are not wanting in courage, and that may enable you to achieve what it is hoped you may achieve when you have explated the crimes to which You have pleaded guilty."

Spiro, who is forty-five, was ar a perfectly reputable business of rested at Barnes on a warrant .18- outside stockbrokers.

"The fraud began when that

Chicago Corn Winnipeg Wheat

March

May July Spot

NEW YORK COTTON

Close Opening Closing

Change

October December January

2.15/16

8.11/11

B.13 N

03 off

8.19/19

8.18/14

8,19/13

(1939)

B.18/18

8.12/12

8.11. N

NT OF

8.37/17

8.11/11

8.10/12

07 off

8.11/11

8.05/05

8.05/05

.06. off

8.09/10

8.04/04

8.04/04.

8.30 N

8.35 N

05 up

NEW YORK RUBBER

December March May..

Sales for the day:

16.62/07--- 16.73/74 76.66/67 16.76/78 16.70/74 16.756/150

-2,320 tons

16,81/82

18.84/88

15.87/91

CHICAGO WHEAT

J

641/643

5317631

641/031

842/647

6447841

637/697

631/639 63/63

吕旨目

ོའུ་ཤྩ་སྐྱ

Monday's -Bales

7,369,000 bushels

CHICAGO CORN

469/467 461/461 400/494 501/501

WINNIPEG WHEAT

451/454

491/49

481/48 4017

388

592/60

598/504 621/631

591/591 581/585 501/59 581/581

6127619-

of

NEW YORK STRAITS TIN

43 60%

43.10b/70% -13,60 N°

sued in February, 1937, and was charged "that between October, concern was taken over. An office, December

May;... 1934, and February, 1937, he con- was taken in London. spired to defraud such persons as "They had the old clients, to July... might be induced to part with whom they woud write" and, in shares or money to Maclean and addition, started a publication cir- Henderson, stockbrokers, of New cularling the people who had no Broad-street, EC. dan wadan former connections."

There were sixteen counts in the indictment. He pleaded guilty to ning counts and not guilty to the

other seven

Mr. G. 8, McClure, prosecut- ing, said: "I put him forward na the bead of the whole of this

which went on for practically

the whole of 1815 and 1936, 1

Mr. McClure dealt with a charge December

relating to the purchase of shares May by aman in East Angila, whose July name he asked should not be made public.

This man, he said, was visited.

by Spiro, who was so persuasive October that within an hour the man had "December promised to forward to Spiro se- May curities worth more than £17,000

A document was afterwards

Spiro, while to acting, topt his found in the offices relating to

name in the background – The this man. It said, “Wealthy man. December

method adopted was to ethold Nice to speak to, Puts whisky NY Biver, omelal

of a well-established old business bottle on table. Likes to talk a NY-L'don Cross Ráté... 470-1/4" in Scotland which had carried on

(Continued on Page 13)

32-3/44%

4.79-7/8