1938-10-07 — Page 12

***

$1.485 Lal

£89 BE.

STOCKS

830

£l

$88

The London New York cross- rate was quoted at 480 37. New

Adam's Express ..............

$2

York London was quoted at 480. Alleghany Steel Co. 177"

15/16.

Allis Chalmers... 51

9215

что

MARKET...

3518

Canton InsurANCOS.................. Union Insura000.....

Amerada Corps...

PAGE 12 HONGKONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Bellera

Exchange

Salon()

$1,400

2:90

Sharebrokers' Association

THURSDAY. OCT. 6.

Dayers Ballers

- Banka

H.K. Bila menent Do. (Cal. Reg.)...! Da. (Con. Reg.)----

2101 Chartered Baska

Mercantile Bka, “A”

£19 Moromatin Bku. “C**

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

6:56

#forming

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Silver prices were lower yester- day to the extent of 1/16 for Ready and 1/8 for Forward. Silver ad- vices reported India and Specula- tors as having bought. There was a little general selling but support was poor. The market was steady, American Silver was quoted at 42 3/4 for Spot.

FINANCE

NEW

1938

YORK STOCK EXCHANGE

(Through Reuter's Service)

QUOTATIONS

High Low Dow Jones Averagos 145.67-98.05 30 Industriais

39.77 19.00 20. Bail 1200 15,16 30 93.70 83.39 42 Bonds

Utilitie

Oot,

144323

27.63

10,09 88.67

38.00 45.03 11 Commodity Index 47.2"

Oct 4, 1938, AGE Higu Low Close Chang 14881 144.58 148.83, 4,09 öp 29.61 37.90 29.49 1.89 up .85 up 30.76 20.15 30.24

89.51 .84 up

Great Western Sugar 271

FRIDAY, OCTOBER 7, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.).

SINGAPORE RUBBER

48.09 88 up Business Done:—9,940,000 shares.

Last Sale

5 Oct. 4 113 111

STOCKS

Last Sale

Octi

4

$

28

171

Greyhound

Corpn. 181

18

521

Hecker Products

8

મા

69)

70+

Int. Nickel

32 501

$510

Idle.

Amer. Can

991102

Int. Tel, & Tak me

11+

! Undarwriters va dimen

Amer. & For. Power

4

41"

Kennecolt Copper ...

431

454

3200 ML Fires. `-----

$300

STERLING

Shipping

1884

Douglases

$68)

There were sellers at 1/9 October January and 1/2 31/32 FebruaryAmer. Locomotive ...

Amer. & For. $7 pf.

201

211

Libbey- Owens- Ford ́....

S POT...

201

211

31a.&5.nesnteei6

581

STA

JAN-MARCH

620

120

Steamboats...

180

Indo-Chinas (Prof.)....

280

124

Indo-Chinsa (Del.)............

$24

/March, buyers at. 1/3 1/32 Cash

January and 1/3 March.

Amer. Metals.....

351

383

Lockheed Aircraft ...

151

157

APR. JUNE

Oct. 4

buyers 28-1/8

... 28-5/6

... 28-7/8

sellers buyers sellers

up 1/4 -28-3/8. 28-5/8 28-3/8

up 1/8 28-7/8 28-3/4 29 29-1/8 29 29-1/4 up 1/8

Change

Amer. Radiator

161

177

Loew's Inc.

517

53

Amer. Rolling Mill

181

191

Martin, Glen L

"24"

241

Waterbosta

17/3

$3

I

$7.16

$6.90

$128

$6.80

Providents (new).......

$19

$19

H.K. & W. Docka....

Do. (w).

89/41 : Shelia net

Mining

Kailans......

$9.70 Rauba......

Venezuela Gold Flas

pets. Hoog Kong Mine.......

Books, WharTOS,

Godowas, cia.

·H.K. & K. Wharree... $198

· Provideata (old).........................

69/4

U.S. DOLLARS

$9

17/3

Sellers at 30 1/8 October No. Amer. Smelting vember and 30 1/16 January /February. buyers at 30 3/16 Cash /December and 30 1:8 January /February.

471,

50"

McKesson &

Rob-

Amer. Sugar R’ing . Amer. Tel & Tel.

221

231"

bins, $3 pf. godi

344

*35

1441

148)

Monsanto Chemical 98

1001

Amer. Tobacco "B" 873

893

Montgomery Ward... 481

· 50

ཝཎྞཾ

$1984 C.D.

37,06

$39

$107

!

$19

288

18'hai Cotton (8.) ..........

$24

$42

$17

$17.05

+77

$10

136

3128 Shanghai Docks 8. ........ 83.90 Now Buginsorings 8.

$6

Lands, Hotsis, and Buildings

H. Hotels.

HE-Lands..........

Do. 4% Datures

40 Shingha Lands 8.

H. Boalties ....................

$9.60 Humphreys ....................

198

Chinese Estate..... Cotton Mill

Ewos (8.)

Zoong Sings (8.) ....... Wing On Textiles (8.)'

Public Utilities

|Tramways ... KATRINAKAARE Peak Trams (old)...... Peak Trams (new)....... Star Ferries

Y'mati Ferries C.B.Ş

(new) Do. Chins Lights (old)......

10 China Lights (new)...... 9.K. Electric..........

$17Macao Electrica.....

Saadaken Lights Talephones (old)........ Talupones (new)......

Tractions......

$101 BLAR. 1120 331

$705.

52.10

1387

$105)

STERLING

BHANGHAI DOLLARS 180 3/4.

SHANGHAI MARKET Sterling opened with sellers at 8 17/54 for Spot and closed at & 9:32. U.S.Dollars opened with scl- lers at 16.0/16 for Spot and closed with sellers at 16. 19/32 for Spot.

THE AFTERNOON

Baltimore & Ohto ... Barber & Co. Barnsdall Ol Bethlehem Steel

The market continued dull in the Brooälyn-Manhattan afternoon.

The market closed with sellers

Amer. Waterworks .... Anaconda Copper ...

10 342

· 101

Nat. Dairy Products 131

141

381

Nat. Distillers, 25

25+

Atchison, T. & 9. F. Auburn Motors

35

39

Nat Power & Light

71

41

41

Nat Supply Corpn. 177

13...

71

New York Central...

170

191

211

221

N. America Aviation

9

.91

181

181

North America Co.

20

21

594

€2

Northern Pacific

111

124

Boeing Airplane Co. 241 Borg-Warner

251

Pacific Gas & Elec

267

- 211

347

351

Pacific Lighting

*391

394

Briggs Mfacturing. -34)

361

Packard Motors

5

51

Paramount Pictures 11

133

Trans.

93

10

Pennsylvania.R.R....

19)

203

Brooklyn Manhattan

Phillips Petroleum.. 404

421

tee:

36 cum. på..

YO

31

Public Service of NJ.

30

304

A

$5.80

at 1/3 October

January and 1/2

常

31/32 February

March, buyers. at

Canadian Pacific Case. JI.

64

61"

Pure Ou......".

101

101

93

961

Radio Corpn. of Arn. 7

TA

Total Shipments "Atoat

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

After the opening the market displayed a steady undertone, thus responding to steady conditions prevailing in London and New York. was Demand for "actuals" was fair, whilst also good buying interest in evidence for trade and speculative accounts.

Later in the morning the market turned firm due to further persistent general buying, prices advancing by 1/4 cent, but it was difficult to arrange business due to the reserved attitude of sellers.

During the afternoon, however.quieter conditions prevailed, the market losing 1/8 cent of its previous gain and closing with a quiet, but steady undertone.

It was announced that total imports of Rubber from outside B- tish Malaya during September amounted to 10,588 tons us against 13,- 735 tons for August and 18,713 tons for July 1938.

The following statistical Figures are contained in the monthly Statistical Bulletin of the International Rubber Regulation Commit-

Aug. 1938 July 1938

419,111 426,839 tons 101,000 105,000

Total World-Blocks of Crude Rubber

+1

រម៉

1/3 1/33 Cash March.

January and 1/3

#141

$191

$80

$44

$42

$17

الو

-$241

$11.20

$10.00 #50)

9251

$9

21/-

~ 28/J

Tractions (praf.)

Industriala

53114

$1.7Canton loes

34.85

H

al

#1

$13

$17.20 Camenta

Bopes ********

Miscellaneous

Dairy Fartha ....

Ch. Etiamants

...............$8.10

Constructions (old)......

Constructions (new).g Lane Crawfords.........

Nanyang Tobacco .....

Watsons

Caid., Hacg. (Prat.) 8.

Cald., Macg (Ord) B.

$1.00

$17.20

U.S. DOLLARS Sellers at 30 1/8 October /No- vember and 30 1/16 December January, buyers at 30 3/18 Cash! /November and 30 1/8 December /January.

SHANGHAI DOLLÄRS 181. 1/4.

Sterling closed with sellers at 8. 17/64 and US. Dollars

H. K. STOCK

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

Chesapeake & Ohio 313 Chrysler Corpn. ..... Columbia Gas & E Columbia 6% "A" pl. 70 Commercial Credit. 49 Commonwealth & S. Commonwealth & 8.

331

Republic Steel

181

19

Total World-Consumption

27,711

73,799

741 7

786

Reynold. Tobac. " 43

..431

.7*

Schenley

17

181

714

Schenley, 51% pfd.... 701*.

71

52

Sears Roebuck

731

75+

11

13

Shell Unton Qil

153

181

Socony-Vacuum Ou

14]

141

"

6% cum pf.

391

40

Southern Pacific

172

19+

S. POT.... my

1.

Consolidated Edison 271

29

Southern Riy $5 pid.

19

21}

JAN.-/MARCH

•

Consolidated 011

'87

91

Standard Brands

7

171

APRIL-JUNE :..

Continental Can

431

45

Stand Gas & Elec.

.31

4

at

16.

Continental Oil

302

313

Standard Oil of N.J.

544

55

Corn. Products ·......

68

701

Stone & Webster

10

11

+:

Curtis Wright (C)

51

·51

Swift International 27

274

Carties" Wright "A" 231

231

Technicolo

22

231

Distillers Corpû. Sea-

Texas Corpo.

441

452

161

161

Texas Gulf Sulphur

371

351

Douglas Aircraft ...

484

401

20th Cent. Fox.

202

27

Du Pont...

1381

144

do. 511 pf.

35 *

351

Eagle Picher Lead 107

111

Union

Carbide

&

Elec. Bond & Share

7

81

Carbon

831

4

Elec. Band & Share

Union Pacific

01

941.

$5 pt.

50 *

53

United Aircraft

"28)

281

341

Elec. Bond & Share

V

United Airlines Trans

971

11

The market remained in active.

$6 pr.

551

584

-United Corpn.

24

27

EUTERS

Elec. Power & Light

United Corpn. $3

$251

Union Ins., $515.

$7 pl.

37

381

cam. pf.

31

321

Sinceres

70"

30 Ch.0.5% 1925G. Bd.

$3.35

70%

HK. Govt. 1o% Loens

81 a

$106

H.K. Gart 31% Loans

$101

347

H.K. Wing On

147

S'hai Wing On

551

$6.9

Vibro Piling Amm

56.40

Marsmans Inv. (Lion,).

10/0

3/1

Maraxans inv. (H.K.)

190 - Wa. Powell

*Sales to Shanghai..

90 cta.

LONDON EXCHANGE

(British Wireless Service)

"Union. Waterboats," $8,

Hongkong Hotels, $7.05. Hongkong Trams, $17.

Peak Trams (Old), $6. Star Ferries, $77. China Lights (Old), $11.10. Telephones (New), $9. Hongkong Ropes, $4.65.

SELLERS Providents (Old), $7.15. Providents (New), $5.99.

SALES Hongkong Banks. $1465.. Hongkong Steamboats,

20.15.

Flintkote CHO

262

287

United Chas Corpn.

32

42

Chen. America" Trans

497

50

Un. Gas I'provem't

10

10

Gen. 'Electric

423

442

U.S. Rubber

48

501

Gen. MotorS ........

489

50

U.S. Rubber $8 pid... 90

947

Gen Railway Signal 21

22$

U.S. Steel..

*97

611

Glidden CD.

241

244

Vanadium

19"

201

Goodrich (T.) ........ 231

25

Warner Bros. Pict....

01

LONDON RUBBER

Previous close Today's close

sellers buyera" buyers

sellers

Change

8-3/16 3-1/4 8-5/26 8-3/8 up 1/8

8-1/2 8-5/18

up 1/8 2-3/8

8-9/16 up 1/8

3-3/8 8-7/16 8-1/2 8-1/2

Market Arm and active on continued continental Trade inquiry and better New York advices.

NEW YORK COTTON

་

The market to-day was fairly active and prices advanced on Trade and local buying, together with the strength of Wall Street and covering by shorts. Offerings on the whole were scarce and there was little opposition to the advance.

NEW YORK RUBBER

Trade, foreign and commission-house demand caused an early ad- vance and prices soared to new "highs" for the year, following better reports from the foreign markets and the extreme lightness of primary offerings. There is evidence of factory buying" at the cur- ̈rent levels and sellers are still very reserved..

CHICAGO WHEAT

After an early quiet period, prices advanced on aggressive Eastern buying, the strength of stocks and indications that the market is in an over-sold condition. Higher temperatures are reported from the South-Western sections and there has been a considerable removal of "hedges" against sales to the Government.

Goodrich $5 pf. Goodyear Tire & Co. 284 Great Northern Iron.

131 Ота Great Northern. Aly. 201

58

59

Westinghouse

Elec. 1067

112

30

Woodward Tron Cor. 194

194

Chase National EK 321*

331*

13 221

National City Bank 2017 Call Money

281*

1%

1%

# ex. div.

• bid.

$192/

RATES

Oct. 3

Hongkong Wharves, $128.

Hongkong Lands $384.

Paris

Geneva

Berlin

Lisbon.....

Stockholm Shanghai

New York

178-31/32

Hongkong Trama, $17.

China Lights (Old), 311.20. Electrica. $59.

Sandakan Lights, $10.

(Prices below in Phil. Currency)

Antamoks, Pa., 34

Ataks, 35

Benguet Consol, 11.50

San Mauricio, .74

Suyoc Consol, 18

United Paracales. .35

Oct. 1

178-25/37

21.21

21.021

12.001

7.934

Athens

547

911

92A

“Milan ---..

110

1101

19.391

Baguio Gold, 24

19.41

540

I. X. L, 32

4.32

4.791

8.89

8.81

Amsterdam

Vienna

140

Prague

Helsingfors r

2261

Bucharest

660

Hong Kong

1/3

Bombay

1/5-15/18

Montreal

4.851

4.83

28.571

28.301

1/2

210

18.97)

20

18.991 191

2-15/16 22.40

19-1/16 19-

31% 09

194

201

Prungeļa

Yokohama

Belgrade

Suenos Aires

Monte Video

Rio de Janeiro-

Copenhagen

*30lver (Forward)

Suver (80) War Loan

Bank Bills, PA

OK SHANGHAT:

On demand

UN BING

On demand

TOM JAPANE

Closing Quotations

October 6, 1938.

170 nom.

US New Yokup --

34% 101

Bank Bilis, on demand 29 18/16 Credits, 80 days' miaka 30-8/la ÓN BATAVIA:-

On demand ............... 84-7/16 OM PARIS:-

Bank Billa, on demand 1,100 Credits, 4 months' sighi 1,185

31

- RODITS FO

On Becapd

38-3/18 ON MANILA

On demand

OR BANGEOF

.110

On demand

1061

*On derdand

1498.

Sovereign Notes.

Talographic Tradster..

Bank Buying. Bate.......

Sat 10

1021

Der Meer DEE, O van

1/8-1/16 19-9/18

SINGAPORE STOCK QUOTATIONS

FLARE PATH

FOR EMPIRE

FLYING-BOATS

Pre-Dawn Start From Southampton Base

JAPAN BLEEDING

TO. DEATH

As a result of the querilla

tactics of the Chinese, the

Japanese army is bleeding to death in China. Japan has no prospect whatever of winning this war.

As proof of this, there is men- tioned the arinihilation of two whole Japadese divisions by gue- atra Aghters.

hist before dawn--broke |Southampton on September 24 two Imperial Airways flying-boats, the Canopus and the Corinthian, took from Southampton Water, the former for Singapore and the lat ter for Durban.

Thus Singapore, Sept: 30.

began, pre-dawn flying The following quotations of 12 from Southampton on Empire ser- leading Singapore stocks have been vices, and it is likely that the sys- received by Messra. Ellis & Edgar tem will be developed. from Messrs. J. M. Bassoon & Co., Singapore:

MIDDLE PRICE Rubber Shares Amalgamated Malay Estates. Ltd.,

$1.50

Kempas, Limited, $1,821 x.d." Kuala Sidim Rubber Co. Ltd.

$2.371

Pajam. Laited, $1.70.

Bungel Bagan Rubber Estates, Ltd..

$1.431.

Tapah Rubber Estates, Limited,

$1.87ix.d:

Tin Shäres

Petaling Tin, Limited, $7.80. |Bungel Luas Tin Dredging, Ltd.,

Industrials Straits Trading Co., Ltd.. $28.50 xd United Engineers, Ltd. (Ordinary).

$8,50. Wearne Brothers, Ltd.,, $14.60.

Gold Raub Australian Gold Mining Co.,

Ltd., $5.00 x.d.

Note The above, quotations are in Straits Dollars.

Flare buoys were laid in Bouth- The system of ampton Water, flares enables the aircraft to rise from the water during darkness.

A line of six flares mounted on buoys-and-pointing into the wind marks an area of clear water mid- way across the estuary from, which the flying-boats take off.",

N. Y. Commodity Market

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

New York October 5 (Wednesday)

New York Cotton New York Rubber Chicago Wheat Chicago Corn Winnipeg Wheat

One division dwindled down from October .... 20,000 to 5,000 in the course of two December months, without having fought a January

A second division March single battle. which came to China in January, May was' reduced by Easter to 15,000

July men.

When the banks of the Yellow River broke 12,000 men perished. Or the original 20,000 men only 500 remained.

41

December

The Japanese army now controls March only a narrow strip of about ten May, infles wide along the railways. September (Montreal Times).

8,05/05

•

Prev. Today's High Low Close Close Charge 8.25 8.17 8.13 8.24 11 up 17.15

17.05 18.92 16.81 64-1/4 82-5/8 63-1/4 84-1/8 7/8 up -3/4 UD 59-3/8 57-1/4 58-1/4 59-1/8 7/8 up

24 up

-

Dec.

Dec.

Dec.

Dec.

46-1/8 41-5/8 45-1/4 46

Dec.

NEW YORK COTTON

Close

Opening

Closing

Change

8.13 N

8.18.B

8,22 N

.09. up

8.13/13

8.20/20

8.24/24

.11 up

(1939)

... 8.11 N

8.18/18

8.30/20

.09 up

(")

... 8.10/13

8.17/18

8.21/21

11 up

8.11/11

8.14/15

.09 · up

(")

Spot"........

... 8.04/04

8.35 Nom.

8.10/11

8.12/13

.08 op

8.40 Nom.

105 up

NEW YORK RUBBER

16.81/82

16.84/86 16.87/91

Bales for the day

16:92/94 36.96/17.05 17.05/08

4.980 tons.

17.05/09 17.10/13 17.13/18 37.22 N

24 up

28 up

j

damag

Tuesday's Sales:-

037/032 63/63

CHICAGO WHEAT

63/621 931/831

1045/647 847/65 841/641

07/8 up

1-1/8 up

11,503,000

CHICAGO CORN

451/451

46/451

0-3/4 00

461/48

473/471

"487/48

0-3/4 up

408/407

501/501

0-7/8.up

WINNIPEG WHEAT:-

October

581/681

581/571

591/591

5a1/681

573/573

591/581

6-7 aup 0-7/8 up

811/611

62/621

0-7/8 up

43.60 1 -42-3/40

NEW FORK STRAITS TIN

43.356/85%

May

IN WIRELESS TOUCH December

The following is a list of ships. July The flares consist of two bulbs expected to be in wireless com- placed on top of a slender mast pro-imunication with Hong Kong Radio are anchored, and the floats con- Jecting from each float. The buoys tain 12-volt batteries for feeding the 18-watt amber-coloured bulbs.

NO CONFUSION

Station:-

Hindustan, Talma; Yunnan. War- bharata, Beistan, Tainan, Chak December Bang. Empress of Canada, Sagres May July and Chingon.

~The buoys will then be hauled Re into faunches and taken away untli they are hoeded again for the next Inkamas and take ones were adat

631/631

This colour is not likely to be confused with the navigation lights tion until the possibility of the air- fof shipping in Bouthampton Watercraft returning has passed. *

The mates are 300 yards apart, thus giving a care path of 1000 yards.

At both ends of the line of hares Bad about 100 yards from the end buoys a motor-launch will be sta The nare path can be quickly December toned. After every take-oute placed if bosition, and later on NY, SOM

NY-LOT. Cross Rate: 4.79-7/8′′ launches and cares remain in post-may be used for night landings.

43.90 Nom $42-3/4/20 4.80-15/16