$129
38.00 $8.81 38.80
1H,K. & K. Wharves...
Providents (old).................... Providente (now)........
$198
$17 $8.80
$194
$187
$190
$31
$194 H.K. & W. Docks..... $19 Do. (now)......... $126 Shanghai Docks S. ..... 13.00 New Engineerings S.
Lands Hotels, and
Building
H.K. Hotels.......... H.A. Laade........8.
$7
$7.10 $7,05
3381
$187) Do. 4%. Deatures Shanghai Lands 8. H.K. Boultion
$106
$0.80
SHARE MARKET REVIEW
MARKET EASIER
(BY C. A. L. RICKETT) Secretary, Hongkong Sharebro- kers' Association
PAGE 12-HONGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Bye Bors
fii ****! ⠀⠀⠀⠀
42
***
Exchange
Balet
$1,488
Sharebrokers Association
Kanka
H.K. Banks ......
Db. (Lon Beg.)....| Chartered Banks.... Mercantile Bks." "A"
Nominal
SATURDAY, 'OCT. 8.
Buyers Sellers
51. Momina
$1,460
+++
Do. (Col Kog....
201
£39 10
£39
£101
213
rotile Eks. "C"
£13
Bank of Bast Asia, ...,
$38
N. C. & 8. Banke.... Insurances
13
1235
Canton Inmarsaces.......
$120
$51
Union InsursDOBE .......
$610
|Underwriters), ang kasamen
12
1900
Shipping
$68
Douglased ........
$881
20
Seaboată
$80
Indo-Chinas (Preľ.)....
$60
124
Indo-Chinm (Def.)..
89/4
Shall .........................
#24 Sa/4
Waterboats
Mining
17/6
Kaiians.
17/6
59.7
Baube .....
$3
Venesuela Gold Fida
174 cts Hong Kong Mines......
Docks, WhatvOS,
Godowns, ete.
MANUFACTURE
OF MEDICAL
SUPPLIES
Establishment Of
A Plant
Kweiyang. Oct: 8.
A plant for the manufacture of medical supplies will be established here with Mr. Yao Keh-fang, a well known chemist, as director.
At a start the plant will turn out bandages, gauze and medicine to cure opium smokers. In the second stage, ordinary medicine will be manufactured, and finally all drugs for injection and emergency cases will also be produced.
The initial plan is to turn out sufficient products for provincial use, and later on supplies will be available for national consumption. At present all medical supplies are mostly imported from the United States. Germany and Britain International
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Renter's Service)
Higu "Low Dow Jonen Averages. 16841 98.95 30 Industria i»
STOCKS
Adams Express ...... 117 Alleghany Steel Co. 18 Allis Chalmers ........ Amerada Corps. Amer. Can
Amer. & For. Power Amer. & For. $7 pl. 201 Amer. Locomotive... 211 Amer. Metals Amer. Radiator
150.00 148.46 149.76. 1,34 up
48.42
187
QUOTATIONS
Oct. 9, 1938.
Ook B.
High Low Close Chan
146,41
32.77 19.000 Hall 23.55 16.14 20 99.70 83.39 40 59.00 $1.03 11
30.14
Utilities Bonds
20.30
89.52
Commodity Index 48.47
77 up $1.00 30.37 30.81 21.15 20.97 1.19.39 up 89.73.81 up 05 off Business Done:-1,110,000 shares...
Last Sale Oct. 7 8
12
STOCKS
Last Sale Oct. 7 8
Great Westera Sugar 281
29
19
531
530
711
713
1031
1032
Greyhound Corpn. 181 Hecker Productă - ........ "81 -Int. Nickél ......... 523
int. Tel. & Tel........
B
541
113
111
SFOT
ક
4
Keanecutt Copper ... 464
477
211
Libbey-Owens- Ford
APR.-JUNE
Oct. 7 buyers sellers
29
29-1/8 JAN-MARCH............ 29-1/2 - 29-3/4
30
* A
29-3/4
123
Glass
"Set
573
387 39,
Lockheed Aircraft
151
151.
178
18.
Loew's Inc.
53
541
Amer. Rolling Mill... Amer., Smelting
181
197
Mártin, Glen La su
24
*25
52
531
McKesson &
Rob-
Amer. Sugar Ring...241
261
bins $3 pt. ....
341
Amer. Tel. & Tel.
146)
147
Monsanto Chemical *97"
341 971
Amer. Tobacco " 88 Amer. Waterworks .... 104
88
Montgomery Ward... 497 51
11
Anaconda Copper...
38
389
Nat. Dalry Products 145 Nat! Distillers ......... 257
147
26
Atchison, T. & S. Fe. 38)
401
Nat. Power & Light
71
77
Auburn Motors
41
41
Nat Supply Corp. 171.
174
Baltimore & Ohio' ...
8
EB
New York Central ...
194
204
Barber & Co. ......
22
211
N. America Aviation
91
10
Barnsdall Qu
171
17
North America Co. 214
22
Bethlehem Steel
821
:837
Northern Pacide ... 124
134
Boeing Airplane Co. 263 · Borg-Wamer
35"
201
Pacific Gas & Elev: 281
+27+
361
Pacine Lighting
397
394*
361
MONDAY, OCTOBER 10, 1938
PAYNE &
CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
*
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.),
SINGAPORE RUBBER
Change
off 1/8
of 1/8
Oct. 8 buyers' sellers 28-7/8-20-1/8 29-3/8 29-5/8 29-5/8 29-7/B off 1/8
The market opened with prices unchanged for all deliveries as compared with Friday's closing rates.
Throughout the session the market ruled quiet, but steady, thus responding to the conditions prevailing in London and New York. Demand for "spot" Rubber was fair, whilst dealers and speculators displayed little interest to operate, preferring to awali further de-. velopments. Only a moderate volume of business was transacted on basis of quoted rates. The market closed with a quiet undertone.
With quotas having been fixed for the four quarters of this year nt 70 per cent, 60 per cent. 45 per cent and 45 per cent respectively it is Yelt that considerable additional statistical improvement will be accomplished by the end of this year. It may also be safely as- sumed that American consumption during the remaining months of this year will show a substantial increase, thus assuring higher price- levels to revail, unless the market should be affected by some un- foreseen outside influences..
LONDON RUBBER
·Packard Motors................: 5
51
Paramount Pictures 12
121
Previous close
101 "11
Pennsylvania R.R.21 Philips Petroleum 39T
22
387
buyers sellers buyers
Today's close
sellers
Change
32* 07 1021
Public Service of NJ. 304
SOL
SPOT ..
JAN-MARCH
Pure Ou
#{
93
APR.-JUNE...
Radio Corpn. of Am.
.81
81
351
Republic Steel
191
191
75 7
801
Reynold. Tobac. "B" 433
44
Schenley
197
192
751*
Schenley, 54% pfd...
71 *
731
534
Sears Roebuck
TO
771
11
14
Shell Union Oll....
16
18
Socony-Vacuum Oll
14
134,
40 *
Southern Pacifc
- 199
202
29
Southern Rly $5 pfd.
237.
25
9
9
Standard Brands
8.
81
442
45)
Stand Gas & Elec.
4
41
291"
28
Standard O of N.J
53@
53
.891
70%
Stone & Webster ...
101
11
Curtiss Wright (C) 51 Curtiss Wright "A" 24" Distillers Corp. Sea-
grams
5A
Swift International 273
277
241
Technicolor ......... Texas Corpn.........
22
213
431
43
8-3/88-7/16
8-7/18 8-9/16
8-9/16 8-5/8
NEW YORK COTTON
Anticipation of a bearish Bureau report caused an early decline and prices further receded on lower Liverpool advices, prett-taking and realising. Later, the market partially rallied on covering and on higher Bombay advices, but prices finally again weakened on re- newed liquidation and on foreign and New Orleans selling.
NEW YORK RUBBER
The market was greatly encouraged by the active state of trading" on Wall Street and general favourable business prospects. Prices, firmed on active foreign and commission-house demand which ab- sorbed dealer offerings. London interests were the principal pur- chasers.
**CLOSED »
Texas Gulf Sulphur 33
331
CHICAGO WHEAT
Douglas Aircraft... Du Pont
20th Cent. Fox.
287
261
do. si "pf.
351*
351*
113
Union Carbide &
81
Carbon
851
87
Union Pacific' ... 85
95}
523
53 *
United Aircraft
291
30%
"To-day's was a quiet and narrow market, with less optimistic Southern Hemisphere crop reports being off-set by realising and dealer selling. The firmness of securities was a source of some sup-, port, but outside demand was entirely lacking. enquiry being con- fined to small domestic needs.
United Airlines Trans 101
92
$6 pf,
57 *
581
United Corpn. ........
21
21
Elec. Power & Light
$7 pl. Euntkotc
United Corpn., £3
38
38
28
291
cum. pf............. 3231 United Gas Corpn.. 32
321
31
Gen, America Trans Gen. Electric
50
511
Un. Gas I'provem't 101
10
44
447
U.S. Rubber
A
52+
531
Gen. Motors,...
50
501
US. Rubber $8 pid... 94.
973
Get. Railway Signal 23 Glidden Co...
23
U.S. Steel
021
641
241
25
Vanadium
197
201
24
243
Warner Bros. Pict....
7
71
57 *
60
Westinghouse Mec. 1137
1141
New York, October 8 (Saturday).
30%
131 243
Woodward Iron Cor. 204* Chase National BL 327* National City Bank 257* Call Money
1%
201
331*
New York Cotton
Dec.
* ex. div.
28*
1%
• bid.
New York Rubber-Dec.
Chicago Wheat
- Dec.
Chicago Corn
- Dec.
Winnipeg Wheat
Dec.
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and "
9. L. Levy & Company)
Close High Low
Close Change 8.34 8.19 8.29 8.19 ,10 off 17.30 17.22 17.05 -17.30-26-up 85-3/8 64-1/2 64-7/8 84-5/8 1/4 of 46-1/8.45-1/4 46- 45-3/8 5/8 off.. 60 59-1/8 59-3/8 59-1/2a 1/8 up
NEW YORK COTTON
MLA
Opening Closing Change
Prev. Today's
$381 38.60
35.80
##!
::
$17
$77
#11.15
#71
$42
11
17.05/1/0
***
-
$8.60 Humphreyɛ .........
198
Chino Ratatos
Catton Mills
$18 Ewos (8.)
$87
S'hai Cottons (8.) .....
$24 Zoong Sings (8.)
Wing On Textil (8)
Public Utilities
Tramwaja ..
Peak Trams (old)......
Peak Trama (D@W}................
Amati Ferries C.BI
Do. (DOW)
#10) Jobim Lights (new).............
H.K. Electrics.............................
$17Macan Electrics
Sandakuu Lights
$18)
$90
$42
$17.10 817
-61*
-3
$77)
#241
$234
8234
Chise Lights (old)....
કા
$11.15
$691
$321
359
$10
$26
O
Star Ferries venstern
Telephones (old).
Telephones (new)..............
251.
Tractions
26/3
Tractions (pref.)
Industrials
$14
$18
Cald., Macg. (Prat.) &
Cald, Macg. (Ord ) 8.
$17.36
$1.70 Cantom loss
Cementa
$4,65 Ropese
Miscellaneous
*
བླླ་::: ཀློ། མཱཾ་སྐྱེ་
$17.20
$10.80
:::;
$1.80
8254
나
$17.20
328
$81
Dairy Farmspunner Ch. E'iainments ....... Contructions (old).....
$8.20
.JL
(new)....
8. Lane.
Nanyang Tobacco'..... Sinceros
39
$8.05 $8.20
717
H.E. Govt. 81% Loans
63.30 711% $106 3101
3471 H.K. Wing On.........
-3471
S'hai Wing On.....
$6.35 Vibro Piling ................
351
36.40
15/0
Maramana Inv. (Lon}
2/4
Maranana Inv. (H.K.)
90 ata
W. Powells
*Sales to Shanghai
Wetsons see maskinsta Ch.05% 19250.#Bda. H.K. Govt. 1% Loss
190 cta.
LONDON EXCHANGE RATES
Paris
Geneva
Berlin-
Athens
Milan
Lisbon
Stockholm
Vienna..........
Oct. 9 178-29/32 21.00 11.94
4.78-5/10 8.801
(Bellish Wireless Service)
Oct. 3
178-31/32
21.021
7.931
547
92,
110
19411
Shanghai
8ld
New York
4.791
Amsterdam
8.81
Prague
140
Helsingfors
2204
Bucharest...
660
Hong Long
1/3
Bombay
1/5-15/16
Montreal
4.83
*28.301
4.82]
28.30
1/2
210
18.091
191
Copenhagen,
2-15/16 22.40
-Bliver (Forward).
191
291
19-7/16 19-0/16
34% 201
Prussels
Yokohama
Belgrade
Buèrios Aires Monte Video
Rio de Janeiro
Oslo...
'Silver (Spot)",
War-Loan
ON LONDON:
Closing Quotations
October 8, 1939.
Telegraphic Transfor... 1/97 Bank Bills, on demand Credita, 4 months' sight: 1/8)
'On Shanghai --
On demand
UW EINGAPORE
On demand
TÜN JAPAN T
On demand
Ca Testa
Telegraphic Tražats bank ne dansand
170 nom:
Us New York : -
Bank Bills, on demand 298 Credita, 00 days' night, 301
O'S BATAVIA:-
On demand
Op Panzan
Bank Bills, na demand 1,100 Credits, a monthi' night 1,180
On demand
110
33-8/16 Ox MANILA:-
On demand
59)
On Baxort
1081
On demand
149)
Botsseign, Notes,
Bank Buying Rate....
•1/8-1/16 19
The market has been rather easier during the week, Rumours of the possibility of the spreading of hostilities to South China have again pervaded the market. showed them- Buyers. however. selves willing to take advantage of the easter conditions of the market and all shares offering were absorbed at or slightly below
quotation.
Hongkong Banks had buyers at $1460 with sales reported at $1480 and $1465. Wharves after chang- ing hands at $1284 were wanted at $128 Trams were firm at the close of business, with buyers at $17. Cements came in for renewed enquiry and were taken at $17.30 down to $17.10 with further buyera at the latter figure. Hotels were wanted at $7.05 with shares offer- Lands were ing at this price. offering at $384 but buyers would not increase their bids higher than $381. Providents have remained neglected, Watsons after chang- ing hands at $8.35 could be obtained at $8.15. Dairy Farms had buyers at $25 and sellers at $26 without coming to business. The market is quiet at the close with an easier tendency,
Gold mining stocks appear to have settled down onto a sounder foundation with a slow but steady upward tendency. This section of the market has been quiet during the week with very little change in price levels, with the exception of Antamoks which advanced from 33 ctvs to 371 ctvs.
Hongkong, 8th October, 1938.
COTTON TO BE SOLD TO JAPANESE FIRMS ONLY
Shanghai, Oct. 8. Cotton growers here are required. by the Japanese high command to sell their products only to three Japanese firms, nathely the Toyo Menka Kaisha, the Mitsubishi Shoji Kaisha and Mitsui Bussan Kaisha.
الور
The price is set at $10 a picul, and commission has to be paid by sellers to Japanese agents. If the growers decline to sell, his goods are table to be confiscated.
Planters of cotton declare that such sale will net, only sufficient return to pay for the cost of pro- duction. International.
FRIDAY'S HEALTH.
The health bulletin for Friday shows three cases of cholera, four of enteric fever, three of dysentery! and one case each of diphtheria and cerebro-spinal meningitis.
The Health Bulletin of Eastern Ports for the week ending October 1 is as follows;-
Cholera: Calcutta 7. Macao 7, Hongkong 7. Canión 5, Shanghai 113.
Small-pox: Madras 14, Rangoon 1. Shanghai '8.
URBAN COUNCIL
MEETING
Briggs M'facturing 351 Brooklyn-Manhattan
Trans. .... Brooklyn-Manhattan
$8 cum, pf.
*****.. 337 Canadian Pacific Case. J.I.......
* 101 Chesapeake & Ohio 344 Chrysler Corpn. Columbia Gas & E Columbia 6% "A" pt. 75 Commercial Credit 53 Commonwealth & B.. Commonwealth & S.
6% cum pf.
407 Consolidated Edison 287 Consolidated Cu... Continental Can Continental Ou Corn. Products
172 182 301 51 1413 142} Eagle Picher Land 111 Elec. Bond & Share 81 Elec. Bond & Share
$5 pf.....
Elec. Bond & Share
Goodrich (B.F.) Goodrich $5 pf....... Goodyear Tire & Co." 294 Great Northern Iron
Ore
134 Great Northern R. 231
H. K. STOCK EXCHANGE
SATURDAY'S OFFICIAL
QUOTATIONS
The market was steadier with more enquiries for most of the public utility counters. BUYERS
Union Waterboats, $9. Wharves, $329. Providents (Old), $7. Providents (New), $8.80, Hotels, $7. Lands, $384.
Hongkong Trama, $17. Peak Trams (Old), $62. Star Ferries. $77. Electrics, $59, Telephones (New), $9. “Cementa, $17:20, Watsons, $8.05. Govt, 31 per cent, Loan, paT.
SELLERS Providents (New), $8.85. Hotels, $7.10. Land., $38.80.
Realtics, $5.80, China Lights (Old), $11.15. Watsons, $8.20,
SALES Hongkong Banks, $1465. Providents (New), $6.80. Hotels, $7.05.
Hongkong Trams, $17.05/.10. Electrics, $69.
A meeting of the Urban Council will be held to-morrow at 1.15 p.m." to consider applications for an eating house licence for No. 59, Woosung Bffeetand “bakehouse ilcences for No. 356A,; Reclamation "Streety" and "No: 200 Quéon's, Road |- Baguio Gold, 244
Central.
(Prices below in Phil. Currency)
Antamoks, Ps) 571 Atoka, 35
Benguet Consol, 11.50.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
October
December January, 1939
March, 1839
Close
8.25 N
8.25 N
8.16 N 09 off
8.29/30
8.29/29
8.19/19 .10 of
8.25/25
8.25/25
8.12/12 13 of
8.28/26 8.34/23
8.12/13 .14 off
8:15/15 8.15/14 8.03/03 12 off 8.10/10 8.10/11 8.00/01 .10 of 8.50 Nom.
8.50N
May, 1939 July, 1839 Spot
*---Unchanged.
NEW YORK RUBBER
Silver prices rose yesterday to the extent of 1/16 for Ready and 1/8 for Forward, the quotations being 19. 1/2 and 19. 3/8 respec- tively. Silver advices` reported bears as having covered. Indian December Bazaars bought. The market, was March steady. American Silver was quoted May at 42 3/4. for Spot.
The London New York cross- rate was quoted at 478, 88, New York London was quoted at. 478. (1/2."
MARKET
Quietly steady,
STERLING
There were sellers at 1/3 Octo- ber-/February.and 1/2 31/32 March /April. buyers at 1/3 1/32 Cash February and 1/3 March /April.
U.S. DOLLARS
17.05/07-17.015/16a 17.30/30 .25 up 17.10/13 17.20/21 17.34/34.24 up 17.18/18 17.29/32, 17.34/35 .18 up
17,40 N 17.29/29
.11 up
2,090 tons.
September
Sales for the day:—.
CHICAGO WHEAT
December May July
December May July
Were on offer at the opening at 2015/16 for forward leading to. business at 29 15/16 December and also January. The market closed October with sellers at 30 Cash and 29 15/16 December October/December, buyers at 80 May 1/18 Cash /October and 30 No- vember December.
The Shanghas Exchange market
Coco Groves, 41 Demonstrations, Zi Paracales Guimaus, „12 Ban Mauricios, 74
United Paracales, 26
647/85 642/65 643/644 0-1/4 off 652/057 652/657 051/851 0-1/4 off 85/85
644/644 0-1/4 off
15,404,000 bushels.
Wednesday's Bales:-
CHICAGO CORN :
-Unchanged.
December March
December
48/401 48/45$
451/45), 0-5/8 off
491-491 492/491 484/487 0-1/2 off 500/501
493/493 - 0-1/2 on
WINNIPEG WHEAT
501/501 598/591 591 B 597/50) 591/591, 591 A. 63/63
0-1/8 up
63/634
NEW YORK HIDES: (New Contracts)
12:76b/B5a 12.95/13.03 13.05/05 13.10/14 13.30/38 13.57/6
NEW YORK STRAITS TIN
NEW TOPE BUlvét, Orcial- NY.-London Cross Bate
44.80 Nom. 44.60b/90a 44,80 N ....4-3/4
4.78-1/2
unquoted 4.78-1/2
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