1938-10-20 — Page 12

$1,375

ESI

£10

£13 189

£13

Bank of Emat. Azin ........

N. C. & 8. Banks......

Insurances

180

Union InsarBOCHE DES

$510

Underwriters, camanande

18

PAGE 12-HÖNGKONG DAILY PRESS

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Salma Nominal

$1,375

$1,080

£83

Sharebrokers' Association

WEDNESDAY,

OOT. 19.

Hayes Bulk

Jalosomiza

Banks

H.K. Back

Do. (Col Reg.) .................. Do. (on. Reg)................ Chartered Banka ..... Mercantile Bk. “A” Marcantile Bka "C"

1500

$295 Canton Insurance.......

THE EXCHANGE MARKET

MESSES. ROZA BROS

Suver prices rose yesterday to the extent of 1/3 for Ready and 3/18 for Forward, the quotations bhg 19. 11/16 and 19. 1/2 res- pectively. Silver advices reported the market as being steady. Amèri- can Trude bought to a small ex- tent. American Silver was quoted at 43 3/4 for Spot.

The London New York cross- rate was quoted at 475. 12.

New York London was quoted at 476. 9/16.

li MARKET Steady.

STERLING

FINANCE

NEW

YORK STOCK EXCHANGE

1938

(Through" Router's Servico)

QUOTATIONS

High Low Dow Jones Averages 132.46 8.05 SO Industriais

31.77 19.00 9:0 Raile 34.63–1814 90 91.70 83.39

4 58.00 45.03

Oct. 25.

110,81

30.33

Utilities Bonds

$4.35

99.42

Commodity Index 48.15

Oct. 19, 1938, High Low Close 169 31 149.68 152.10 1.21 up 30.74 28.76 30.63 .30 op 24.80 93.70 24.38 .01 up 89.45 .03 up 13 aft 18.05

Uhange

Business Dono:-2,410,000 shares.

STOCKS

Last Bale

STOCKS

Last Sale

41

Adams Express ....... Alleghany Steel Co. Allis Chalmers ............

Oct. 17 18

121

Oct. 17 18

12)

Greyhound

Corp 198

20

181

181

Hecker Producta ......... 81

BJ

524.

52+

Int. "Nickel

547

551

Amerada Corps,

68

651

Int. Tel & Tel

10

101

'Amer. Can

103?

102

Kennecott Copper ...

18!

493

IIE. Fires...

200

FI

$20

Shipping

Steamboats .... mä

Douglas air ducsera

$66

8207

100

Indo-Chines (Prof.)........

$80

134

Indo-Chinga (Del.).

$14

860

Shells

55/0

19

Waterboats

Mining

18/9

Kailans

14/9

The market opened with sellers at 1/2 29 33 October January resulting in some business at 1/2 The 15/16 for cash and forward. market closed with sellers at 1/2 15/16 October January and 1/2 29/32 February 1/2 31/32 Cash 15/16 February

"Amer. & For. Power

Amer, & For. $7 pt. 221

4

Libbey- Owens- Ford

221

Glass

581

58

Amer. Locomotive ...

23

241

Lockheed Aircraft ..

194

191.

Amer. Metals ......... Amer. Radiator

431

421

Loew's Inc. ...

541

56

SPOT

18

181

Martin, Glen L

301

301

JAN-MARCH

Amer. Rolling Mill... Amer, Smelting"...

123

191

McKesson &

Rob-

361

પર

bias, $3 pt.

35

35

March, buyers at

Amer. Sugar Ring... 261

271

Monsanto Chemical 102

1031'

H.70 Reube

89.20

January and 1/2 March. U.S. DOLLARS

$3

Venezuela Gold Fida.

$3

126

3120

$122

$8.30

#0.90 810

$4.60 86.45

338

at. Hong Kong Mines.......

Docks, Wharves, Godowns, ela. H.K. & K. Wharvas...

Providenia (old)...

Providenta (saw)................. H.K. & W. Docka.... 318) Do. (now)..... $129 Shanghai Docka 8..... $3.00 Now Engineerings &

Lands, Hotels, and Buildings

H.K. Hotel .... H.K. Lande........8."

$107 Do. 4% Debatur

$7.40 Bhanghai Lande B. H.. Bentia

$3.60 Humphreys .....................

168

Chinese Estates d

Cotton MU

|$1580) Rao (8.)

$122

$81

88.30

185 1/2.

$10

$18.

$120 $31

$6.00

138

31061

$51

Sellers at 29 3/4 October and 29 11/18 November December, buyers at 29 13/18 Cash November and 29 3/4 December.

SHANGHAI DOLLARS

SHANGHAI MARKET

Sterling opened with sellers at 8d for cash. U.S. Dollars, sellers at 15. 7/8 for cash. Last advices in- dieated sellers of Sterling at 8. 1/32 and U.S.Dollars at 15. 15/16 sellers for Spot/

H. K. STOCK

Amer. Tel. & Tel... 1463 Amer. Tobacco "B" 891 Amer. Waterworks... 131 Anaconda Copper ...

1481

Montgomery Ward 511

531

801

Nat, Dairy Products 14

13

Nat. Distillers

25

15 261

391

401

National Load

261

261

Atchison, T. & 8. Fe.

371

37)

Nat. Power & Light

91

ទូ

יוי

Auburn Motors

+

4

Nat. Supply Corpn.

16) 161

Baltimore & Ohio ...

si

81

New York Central...

181

192

Barber & Co.

201

224

N. America Aviation

131

141

Barnsdall Ou

151

182

North America Co. 241

241

THURSDAY, OCTOBER 20, 1938:

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

·

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

SINGAPORE RUBBER

Oct. 17

"

Oct. 18

Change

buyers sellers buyers sellers

29-1/8 29-3.8 28-3/4 29

aft 3/8 20-5/8 23-7/8 29-1/4 29-1/2 off 3/8 APRIL-JUNE

29-7/8 30-1/8 29-1/2 29-3/4, off 3/8 The market opened 1/4.of a cent lower for all deliveries as com- pared with Monday's closing quotations.

Early in the morning the market ruled quiet and dull in sympathy with easier advices received from New York. "Although demand for "spot" Rubber was fair, dealers and speculators displayed very little interest to operate, preferring to adopt a waiting attitude.

Later in the session the market encountered easiness on specula- tive liquidation which chiefly consisted of profit-taking and hedge " selling, causing a price-decline of 1/4 cent for all deliveries.

During the last trading hour, however, the market recovered this set-back, closing with a very quiet undertone.

4

Bethlehem Steel ......

631

644

Northern Pacific

12

121

1.

Boeing Airplane Co. 291 Borg-Warner

201

Pacific Gas & Elec

20

291

American Statistical Figures were released as follows:

341

352

Pacific Lighting

41 †

417

Sept.

Aug. 1938

Briggs Mfacturing 341

36

Packard Motors

53

Consumption in USA.

37,823

33,170 tons

Brooklyn-Manhattan

Paramount Pictures

112

111

Imports into USA

37,374

31,099.

Trans.

101

107

Pennsylvania R.R....

211.

214

Brooklyn-Manhattan

Phillips Petroleum...

38 371

Stocks at end of month in U.S.A. Shipments afloat at end of month.....

-276,588

277,483

48.927

·47.772

se.com. pf.........." -31

32

Public Service of N.J.

337

33

Canadian Pacific Case. JI

6A

33

Pure O....

92

.. 10

LONDON RUBBER

961

961

Radio Corpn. of Ar.

77

3

EXCHANGE

Chesapeake & Ohio 531

341

Republic Steel...

194

· 20

Chrysler Corpn. ................

801

831

Columbia Gas &

91

941

317

*92

741 Bar Ferries

3:43 Yati Ferries C.B.4

$10.23

8.0.9

201

58

$241

#24

8'hai Cottons (8.).....

$34

Zoong Sings (8.).......

$12

Wing On Textiles (8.)

42

Pablle

tilties

$10.80

Tramways

Peak Trams (old)......

18+

Soak Trams (paw)...

#241

Do.

(now)

・

Ching Lights (old)

$1,20

hina Lighta (new)

H.K. Electrics

$8.0 3571

890

༤་ ་

2b,

46,3

817 Macas Electrica ..............

10Sandaknu, Lights

Telephones (ald).............

Telophones (new)................

Tractors

Tractions (pref.)

Industrials

YESTERDAY'S

OFFICIAL QUOTATIONS

Enquiries continue on a some-

what breader scale. some difficulty fh.. bridging the gap between Sellers and Buyers Ideas there was a good turnover of business and the market" closes steady. ·

BUYERS

Hongkong Banks, $1375 Hongkong (on) Đ

Corn. Products

Columbia 0% "A" pt. 83

80 1

Reynold Tobac. "B" Schenley Distillers Schenley. 51% pfd..

44

413

Commercial Credit. 543

543

Sears Roebuck

187 721 FI 78

01

71

SPOT

8-1/2

732

JAN,-MARCH

... 8-5/8

APRIL-JUNE

Commonwealth & S..

2

I

Shell Union Oil

144 14]

....B-11/16

Commonwealth & 8.

Socony-Vacuum Oil

13A

13

5% cum pt.

50

50

Southern Pacide

191

191

Consolidated Edison 331

32;

Southern Rly-$5 pfd.

24

251

In spite of

Consolidated C

31

B1

Standard Brands

71.

Continental Can

444

444

Stand Gas & Elec

5

41

Continental O

264 277

Standard Oil of Na

521

523

692

683

Stone & Webster

131

134

Curtiss Wright (C)

02

63

Swift Internationa

287

20"

Curtiss Wright "A" 26 Distillers Corpú, Sea-

201

Technicolo:

221

Texas Corpn.

411

"412

181

193

Texas Gulf Sulphur

343

341

99 Xx0

Wharves, $120,

Hotels, $6.45.

Douglas Aircraft ....574

58

20th Cent. Fox.

253

26 "

Du Pont

147

149

do. $1ȧ pf.

341 331

Lands, $36,--

$14

Cald, Macg (Ord) S.

OLL

Caid., Macg. (Prof.) 8.

$16

918.30)

3241

码上

$7.50 $7,80

71

| $1.7 › | Canton lees

Cementa

$4,775 | Rapes

Miscellaneous

Dairy Farms repea

“Ch. E'tainments ................

Constructions fold).....

Constructions (new)........ Lane Crawforda.......... Nanyang Tobacco.

Singerea

Watsons..

Ch. 0.5% 19250.58da.

10+

$15.00 $16.18 $16.10

$1.60

$44

Hongkong Trams, $181.. Peak Trams (Old), $64. China Lights (Old), 310.30. China Lights (New), $94. Electrics, $58.

Eagle Picher Lead 13) Elec: Bond & Share 14- Elec. Bond & Share

131

Union Carbide

141

Carbon

Union Paclic

85

884 89

351

TH

35 pr......

65

65+

United Aircraft.

33%

34%

of 1/8 off 1/8

After ruling steady, the market eased on Eastern selling and dis- appointing New York cables.

NEW YORK COTTON

Prices early declined on moderately lower Liverpool advices, Bon=" bay liquidation and Commission House selling. Later, the market rallied on covering, a higher Stock, market and some local buying. Finally, it eased again on Spot-house and New Orleans selling, with the market closing barely steady.

NEW YORK RUBBER

There was an early decline in prices on Commission House selling und the heaviness of securities. Later, the market railled with the improvement in the Stock market and on an encouraging report from the motor industry.

Previous close To-day's close sellers buyers buyers

sellers

8-9/16 8-3/8 8-7/18 8-11/16 8-1/2 8-9/16 G-3/4 8-8/18 8-56

Change

of 1/3

է.

Elec. Bond & Share

United Airlines Trans 11

111

$8 pt.

69

67

United Corpn. .....

41

41.

Elec. Power & Light

United

Corpn. $3

Telephones (Old), $247.

$7 pt.

44

431

cum. på... ng

361

37

824

es

J

Telephones (New), $81.

Cements, $16,

Dairy Farms, 3241.

Govt. 34 per cent Loan. par. Watsons, $7.60.

SEILERS

Hongkong Steamboats, $20.

Flintkote

271

283

United Gas Corpn.

41

4

CHICAGO WHEAT

The market gradually moved into lower ground on unfavourable foreign zabies and a weak Winnipeg market. The market lacked in- terest and there was a poor export demand.

Gen. America Trena

55

543

Un. Gas Iprovem't 12

#

12

küen.“ Electric

46

457

U.S. Rubber

523

541

Gen. Motors..

401

51}

U.S. Rubber $8 pid... 987

99

..

Gen. Hallway Signal

213

221

¡U.S. Steel

31

641

Glidden Co.

241

25+

Vanadium

22

23

Goodrich (B.F.).

251

20

Wärner Bros. Pict....

64

6

71%

H.K. Gort. 1% Losos

Wharves. $122.

8100

Goodrich $5 pf.

627

61

Westinghouse

Mec. 1193

1192

N. Y. Commodity Market

H.E, Govt. 3}% Losas

Hongkong Docks (Old), $19.

147

B.K. Wing On

J01

Goodyear Tire & Co. 31

33

Woodward Iron Cor. 20

201

8'hai Wing On

$47

Providents (Old), 6.30. Provident: (New), $6.20.

Great Northern Iron

T

Chase National Bt. 321*

321*

#6.

Vibro Piling

Ore

134L

134

36.40

15/1

Maramana Inv. (Loa.)

Maramane Inr. (H.)

Great Northern Rly. 222 "Great Western Sugar 30

231 291

National City Bank 251* Call Money

253*

1%

.1%

|00

Win-Powells were

: ex-diy

.. bid.

New York, Ocs 18 (Tuesday).

"Sales to Shanghai

LONDON EXCHANGE RATES

190 ct.

"

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

Dec. - Dec.

Dec.

Dec.

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

Dec.

41

Prev. To-day's High Low Close Close Change 8.28 8.20 8.25 8,28 .01 up 17.03 16.69 16.92 17.00 ,08 up 651 04:1 641 041 1 off

441 441 438

431 } off 441 691 eoj 592

NEW YORK COTTON

1 off

H

178-41464

20.941

11.861

(British Wireless Service)",

hu. ::

Oct, '18

Parts

178

Целета

Berlin ...

Athens

20.931

11.84

5-173

Milan Lisbon

Stockholm

90-3/16

50-516

110A

10 41

Shanghal

New York

4.741

4.751

Amsterdam-

8.74

8.731

Bucharest

Vienna..... Prague ...

Helsingforsajateceram

Hong Kong

138

138

2262

Bombay

Montreal

Prussels

-660

1/2-15/16 1/5-15/10 4.811

28.05

4.817 ---28.49-

Yokohama

Belgrade...

1/2

210

Buenos Aires

18.98

ktonte Video

191

19.05

3.

Oppenhagen

Oslo

22.40

19-5/18 19-9/16

31% 99%

Rio de Janeiro,

'Sliver (Forward)

Silver (Spot)

War Loan

UN LONDON:-

Closing Quotations

Velober 19, 1983,

Telegraphic Transfer. :-\'1/2

Bank Bille, on demand Í

Credits, 4 months' sight" "T/31/16

UK SHANGHAI→→

On demand

UN SINGAPOREM :---

On demand.

IN JAPAN:--

On demand

Belou:-

Toetraphic Truusive..

| US New Yo÷-

194 19-11/16

31 100

Bank Bills, on demand 291 Credits, 50 days' 'aight_28}

ÚN BATAVIA:——

13/16

On demsad .....

Ba

ON PARIO:-

176 nom

Bank Bills, on demand 1,095 Credits, 6 months" sight 1,180

ON MANILA:--

"On demand

LOUI

On demand....

59

ON BAROLOL:-

On demand re

Sovereign Notes

-Bank -Buying Rate.........." --1/&

Txi

Der Piper DAP OR

1911/18

Hotels, $0.60. Realtles, $51. Electrics,-5504- Cements, $16.30.

Watsons. $7.80.

SALES

Hongkong Banks, $1385.

Union Insurances, $500, Hotels, $6.45.

Lands. $36

Hongkong Trams, $16

China Lights (Old), $10.20. Telephones (Qld), $244. Dairy Farms, $24.

(Prices, below in Phil, Currency)

Antamoks Pa., .35 Atoks 32

Baguio Gold, .24 Benguet Consol. 11.40 Coco Groves: 421 Consol, Mines.. .003 Demonstrations, 27 1 X L., .62

San Maurici 79

GERMAN TRADE WITH

SOUTH EAST EUROPE

Result Of Dr. Funk's

Visit Awaited

Berlin, October 19

An open declaration of Ger- many's intentions in South-East Europe is contained in a highly significant articles appearing on Wednesday in the "Essener Na- tion Zeltung" General Goer. ing's paper.

FI

December Geimany cannot remain inactive January

March at the attempts to combat her in- fluence in the Balkans, even if May-

July these attempts are not disturbing

October to her.

Spot

First Germany will await the results of Minister Funk's visit to the Balkan countries. Further trips will follow should our partners "Our share in the South-East" not be able to turn aside from

The article says:

European trade is so great that it purely political attempts to sever May

WORLD "AT THE possible to force us out Germany from her natural indus september

CROSS-ROADS"

Need For A New Moral Climax

Dr. Frank Buchman, founder of the Oxford Group Movement, ad- dressing a recent meeting of the World Assembly of the Group at Interlaken, said:

#

Close Opening Closing

...Change

8.25/25

8,25/27

8:20/23

.01 up

1939)

8.19/19

8.19/19

8.22 N

סנר 03,

8.14/14

8.14/14

8.15/17

8.02/02

8.03/02

7.99/99.

{

7.95/95

7.05/93

7.86/88

.01 up.. 03_at

„07 off

7,70/71..

7.69/89

7.59/60

.11 off

8.55. N

8.55 N

unch.

NEW YORK RUBBER

December March

16.92/03

16.88/85

17.00/01

.08 up

18.99/99

10.92/95

17.03/04

.04 up

16.95/96

10.95/98

10.98-B

17.08/08 17.08

.13 up

Sales for the day':-

2,400 tons

Political credits advanced to the

CHICAGO WHEAT

December May

July

643/647 648/841 645/844 657/66 654/051 858/554 051/651

off

off

Monday's Sales:-

65/851 9.375,000 bushels

biz

CHICAGO CORN

443/442 478/41 49/49

44/441 431/437 474/478

off

471/477 481/482

од

off

WINNIPEG WHEAT

82/62

601/601 037/832

611/811 60/80

601/802 593/591 63/631

off

оп

off

Moreover, the economic situation trial markets and sources of raw in no other countries supplement materials. each other so well as that in rany. The necessity of German Balkan- countries--by certain South-Eastern Europe and Ger- bowers can never be so large and economic relations with the advantageous as the mutual in- Balkan countries admits of just as 'dustrial relations with Germany. little discussion as does the fact that all participants in the South- East axis. Including Rumania and Greece, are endeavouring to im- prove the existing connections,

the leaders of which will resurt without hesitation to credits for barter purposes should this become necessary for solving the existing difficulties."Transocean.

associates with that term Times is to get their of crisis reveal

December May programme July...

In industry. In the the bankruptcy from God.

Then workshop, in the nation's life, In of our thought and actionL

the normal thing

we resort to feverish Improvisa- [Parliament. tion and expediency..

is to listen to God.

"The Oxford Group is a phalanx expresses itain its own way.

"The world is at the cross-roads. The choice is guidance or gune. We must listen to guidance or we will listen to guns.

that "Every statesman admits the world needs a

moral new elimax. We need an answer not only for the immediate crisis. but for the recurrent crises. People and nations for a long time have been thinking abnormally. Some waging superhuman power has to come to change the course of thinking of the ordinary man and those who lead.

J

BANKRUPT OF THOUGHT = "Spiritual leadership must, have

a contant of positive action far

greater than what the world now

Each nation

October December May

of God-controlled people "from "Here in this philosophy is last-

selfishness.

WET

It 18 all lands who are constantly, ing peace, and only here.

world

in God- against the peade that is born The Oxford Group control, and God-control means

asking for guidance."

Dr. Quo Tal-chi, Chinese Am- March bassador in London, sent following telegram:

has been in action since the last war training men for the moral rearmmment of the nation

*Interlaken demonstrates that

December

NEW YORK HIDES: (New Contracts)

13.056/10a 13.40/48 13.76/76

..: 13.20/20 13.59/59

13.38/38

the "Moral

NEW YORK STRAITS TIN every man in every land should rearmament is the world's

most December

45.32-1/2* 44.55/621 45.10/10 listen to guidance. For every urgent need and the only way to NY Silver, Omelal... 42-3/4

fand the stop present stendy deteriora-NY-Ldon Cross Rate... 4.74-11/16 natural and normal thing tion.'

home

In

every

42-3/4 4.76-9/16