£43}}
£9 ]
£19
£13
198
14
12
$220
$505
Canton Insurances................... Union. InsuranČIE ................. „Underwriteru insenestores
PAGE 12-HUNGKONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Beiarini:
$1,400 ($1,490 $1,196)
THURSDAY,
Sharebrokers.
Association
H.K. Banka ------ $1,390
OCT, 20
Bazars
Mallory
Tontza
Banks
Da, (201. Reg.)...]
Da. (Lon. Reg.)...
21
188
$295
Chartered Banka
Marcantile Bks, "A"
Mercantile Bka "C" Bank of Eaes Asia ... N. C. & 9. Banks.....
Insurances
1983
THE EXCHANGE MARKET
MESSRS. ROZA BROS,
Silver prices rose 1/8 yesterday for both deliveries, the quotations being 19. 13/16 for Ready and 19. Silver advices 5/8 for Forward.
having reported speculators as bought. The market was steady. Later the market weakened. India offered. There were small American buyers at 1/8 lower. Silver was quoted at 42 3/4 for Spot.
•
FINANCE
NEW YORK STOCK EXCHANGE
(Through Reuter'a Service)
QUOTATIONS
1939
Det 20, 1939.
58.93 19.00
High Low Dow Jones Averago 11.40 81.77
Sa IndustriKin
30 Rails
Su83
1.1 20 Utilition 90 83.39 40 Bonds 59.00 49.03 11
34.36
bu.15
Oot 13. Hig Low Ulose Change 15302 145,41 150.02 2.09 off 18110
8 เม $1,139 30.71
1 off 89.68 .13 up
24.4 93.8 18.th
Jommodity Index 43.00
48.12 of up
Business Done:—9,430,000 shares.
STOCKS
(cum.d.) 10
The London New York cross- rate was quoted at 477. 87. New York London was quoted at 477. 7/8.
Adams Express
Allis Chalmers ................. Alleghany Steel Co.
Amerada Corps.
Last Sale Oct. 18 18
12| 12t
523 183.
STOCKS
"Last Sale
Oct. 18 19
Greyhound Corpa
20
19
b
Hecker Products
£
8)
* 511
int. Nickel
541 557
651
86
Int Teil & Tel.....101
置
42
$90. [LE: Fires'........
$900
MARKET
Amer. Can encuen Amer. & For. Power
102
1001
eanecott Copper ...
401
481
*
Libbey- Owens- Ford
366
$19
$00
121
Shipping
Dougliwos....***
Steamboats
Indo-Chinss (Proli)..........
Indo-China (Del.).
Quiet.
Amer. & For. $T pr.
32)
21
Glass
561
551
SPOT
995
STERLING
Amer. Locomotive ...
241
231
Lockheed Aircraft ...
JAN.-MARCH
101
19
10
وريا
88.1 Shell
5/3
at
Waterbosta
Mining
10,9
Kailana" ......
16/9
70Baub.....
Venezuela Gold Fidin:
Ti ota Hong Kong Me.......
#9.20
Some business was reported at There were 1/2 1/32 for cash.
October sellers
1/2 15/16 January and 1/2 29/32 February March, buyers at 1/2 31/32 Cash January and 1/2 15/18 March. U.S. DOLLARS
Amer. Metals ...... Amer. Radiator ..... Amer. Rolling Mill.. Amer. Smelting
431
Loew's Inc.
56
551
`APRIL-JUNE
181
181
Martin, Glen L
301
291
194
10
McKesson &
Rob-
561
547
bins, $3 pf.
35)
35
Amer. Sugar Ring.
2
274
Monsanto Chemical 1031
104
Amer. Tel. & Teh ..
11G
1467
Montgomery Ward...
531
Docks, Wharves,
Godowns, His.
$120 सिं.३७०
3121
H.K. & A. Wharves...
J122
15,15-
Provideota (old)..........................
$6.15
There were sellers at 29 3/4 October November and 29 11/18 December January, buyers at 29 13/15 Cash /November and 29 3/4 December January.
Amer: Tobacco "B" Amer. Waterworks ... Anaconda Copper
89
B01
Nat Dairy Products 15
311 143"
131
13
Nat Distillers
283
271
381
National Load
261
271
Atchison, T. & 8. Fe Auburn Motors ......
374
38
NaL Power & Light
9
B*
41
Nat. Supply Corp. 104
161
Baltimore & Ohlo
81
.
New York Central... 197
19%
$1.93
(0.1%
Providente (new)..................
$19
B
H.K. & W. Dooka.....
Do.
$19.
8
'186.
(00).
-$5,80 | $81
$6.70
$61
$
149
.
$18 Shangbai Docks & 4100 Now Engineerings S.
Lands, Hotels, and Bailding
$147) Do. &% Dalutarem $7.4 Bhanghai Lands 8.
H.K. Realtime in
Humphreye --
Chinese Estates -
$16,80) Ewos (8.)
H.K. Hotels......... H. Lands.........
$3.70
138
21:0
#34
Cotton Mills
B171
8tal Cottons (8.)...
316
Loong Sings (8.).......
$13
Wing On Textilie (8.)
$42.
Public Filities
Re.30
26,4
ktramways --
$16.40
Peak Trama (old)......
Peak Trams (new)........
+741
*$248)
I'mati Ferries C.B B.
$76 1242
Do, (Dow
$231
$10,40
China Lights (old)...
$1111
$101
China Lights (new)..
$92
하
$10.
25/-
H.K. Electrica ............................
$38
at 29 13/16"Continental Can Cash /October and 29 3/4 Novem- Continental Oil bei December!
U.S. DULLARS There
at 29 3/4 Consolidated Edison 325 were sellers October and 29 11/16 November Consolidated Cil
December, buyers
1.30 $31
SHANGHAI DOLLARS
SHANGHAI MARKET Sterling opened with sellers at 8. 1/32 for Spot and closed with sellers at 8d. US Dollars, sellers at the opening at 18 for Spot and closed with sellers at 15. 15/18 for Spot.
THE AFTERNOON
The market was quiet in the case. JI. ..... "afternoon.
STERLING There were sellers at 1/2 15/16 October January and 1/2 29/32 February March, buyers at 1/2 31/32 Cash /January and i/2) 15/16 March.
Chesapeake & Ohio -341 Chrysler Corpn. „....... Columbia Gas & E Columbia 6% "A" pt. 30- Commercial Credit... 543- Commonwealth đi đ Commonwealth & B
6% cum pfi.
55
11 17
Barber & Co.......
201
22
N. America Aviation" 141
13/
Barnsdall Ol
163
161
North America Co. 241
231
Bethlehem Steel
641
622
Northern Pacific...
123
122
Boeing Airplane Co.
291
27A
Pacific Gas & Elec
291
28
Borg-Warner `n Briggs M'facturing Brooklyn-Manhattan
Trans......... Brooklyn-Manhattan
351
341
Pacific Lighting
411
401
36
351
Packard Motors ...
6+
51
... 29-1/2 29-3/4
The market opened with prices unchanged for all deliveries as compared with Tuesday's closing quotations.
Shortly after the opening the market displayed a steady under- tone, thus responding to the encouraging action of the New York Rubber Exchange. There was good demand for 'spot" Rubber, whilst fair buying interest was in evidence for trade and speculative ac- counts. Activity was also stimulated by overnight cables from New York, reporting on a greatly improved cutlook of business-recovery, particularly in the Motor-car industry. In view of this fact it may be assumed that consumption of Crude Rubber for the present quar- ter will make further satisfactory progress
After some business having been transacted at quoted rates, the market, later in the sesalon, became firm on persistent further general enquiries, and with sellers adopting a reserved attitude prices regia-" tered a gradual advance of 3/8 cent for all deliveries.
Closing tone was very steady.
FRIDAY, OCTOBER 21, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
!!!
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RURBER
Oct. 19 buyers sellers
23-3/4 29
Change
buyers
Oct 18
sellers
28-3/4
339
unch.
...29-1/4
29-1/2
29-1/4 29-1/2
29-1/2 29-3/4
Paramount Pictures 111
113
101
101
Pennsylvania R.R....
211
211
Phillips Petroleum. 37
18
$8 cum. pr. Canadian Pacific'...
32
321
Public Service of NJ.
331
327
61
61
Pure Oil
10
104
961
931
Radio Corpn. of Am.
"§
73
SPOT
340
Republic Steel..
·20
191
'JAN.-MARCH
831
301 8) 93
Reynold Tobac. "B"
443
442
APRIL-JUNE .......
Bchepley Distillers
201
20
"
80-Schenley, 54% pidi.
71
72A
Sears Roebuck..
782 771
Shell Union Cli
141
15
Socony-Vacuum Oll
131
134
50
483
Southern Pacific
19
19
311
Southern Rly $5 pfd.
254
245
81
31
Standard Brands.....
"79
71
441
447
Stand Gas. & Elec.
47
4
277
-273
Standard Oil of NJ.
525
527
Corn. Products
08A
681
Stone & Webster...
13
12}
Curtiss Wright (C)
63
#
Swift Internationa: 29.
28%
Macao Electrica Sandakan Lights ...........
Curtiss Wright "A"
261
251
Technicolor
217
221
Telephones (vld)......
$151
Telephones (Dex}......
$A
9410
H. K. STOCK
Distillers Cerpu. Ses-
Texas Corpn.
+13
412
grams
191
20
Texas Gulf Sulphur 341
34
fractions
الد رحمان
Tractions pret.)......
Industrials
$14
Caki., Macg (Ord } 8.
Cald, Kacg (Prof.) 8.
$1.70
Canton lees
$1.00
no
Cements
$4.06 open un
$18
Fat
Miscellaneous
Dairy FarmA.
8241
161
Ch. E'tsinments .........
38
The
Constructions (old)...........
Constructions (now).... Lane Crawford..........
Nanyang Tobacco......
*
Watsons
072
$7.70
€4.0.5% 1923&.3Bda.
1.pm
H.K. Gart. 1% Losar
70%
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
market remains "buoyant mood with business re ported passing at improving rates or those quoted at the opening.
POVRNS
Hongkong Bank's, $1400.
Douglas Aircraft
531
561
20th Cent. Fox
26
26
Di Pant
149
1441
do $1 pt
33A
351"
►
Eagle Picher Lead
131
131
Union Carbide
&
Elec. Bond & Share
144
127
Carton
83 871
Elec. Bond & Share
Union Pacine
951
96
$5 pf.
631
601
United Aircraft
341
33)
Elec. Bond & Share
United Airlines Trans 11
33
sa pt.......
67
65
United Corpn...
41
.4
Elec. Power & Light
United Corpn. རྡ!u
In 2
$7 pi.
431
40}
cum. pf.
37
36
Flintkote.......
227
28}
United Gas Corpn.
41
4
... 8-1/2 ... 8-9/18 After a slight Improvement, the market finally reacted in sym- pathy with New York.
NEW YORK COTTON
Prices "early "advanced on foreign buying and on the firmness of the stock market together with some moderate local buying, but later declined on commission-house selling and on lower Liverpool and Bombay advices. Later. the market again advanced on buysing by the Trade, but then again eased on liquidation, selling by spot-house and Southern hedge-selling.
NEW YORK RUBBER
The market opened higher on better cables from the primary marketa and further advanced on the early firmness of stocks. Throughout the session, foreign demand kept the tone moderately ad- tive, but prices finally reacted in sympathy with the set-back in stocks and on quidation and profit-taking.
CHICAGO WHEAT
Sentiment was early bolstered by Arm foreign cables, which in- duced covering operations and some new buying. A dull period en- sued thereafter, but towards the close the market again hardened on some buying by milling interests, and on a fair export demand.
LONDON RUBRER
Previous close
To-day's close
buyers
8-3/8
sellers. buyers 8-7/16 8-3/8
sellera Change
8-7/16
8-9/16 8-5/8
8-1/2
8-9/16
unch.. unch
8-9/16
8-5/8
unch.
Gen. America Trans
541
52$
Un. Gas Iprovem'
12
111
Gen. Eléctric
457
444
U.S. Rubber ...................
544
521
Gen. MotorE.....
514
491
U.S. Rubber $8 pid... 99
97
Gen. Railway Signal
223
23
U.S. Steel
643
621
"Glidden Co,
251
241
Vanadium
231
231
N. Y. Commodity Market
$106
H.K. Govt 31% Loans
Hongkong Banks, (Lon.), £8.
Goodrich (B.F.)
26
241
Warner Bros. Pict:
01
71
$47.K. Wing On...................
par
Unton Ins, $505
Goodrich $5 pt.
61
811
Westinghouse
Elec. 1197
117
3471
| 5'hai Wing On A
Wharves, $120
$8,5
Vibro Piling condi
$54
Goodyear Tire & Co.
33
32
Woodward Iron Cor. 20
201
16.40
Providents (Old), $6.35.
!
Great Northern Iron
Chase National Bk. 323*
321*
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. L. Levy & Company)
156
Macamana Inv. (Laa.)
Providents. (New), $6.15.
Ore
131
13
2/1
Maramane lav. (HK)
Hotels, 36.85,
Wa, Powell ........................
Great Northern Rly. 231
221
National City Bank 253 Call Money
252*
.1%
1%
New York, October 19.
Prev. To-day's
190 dis
*Sales to Shanghai
LONDON EXCHANGE RATES
80 et
Lands $351.
Trams, $164.
Parta
Geneva
Berlin
Athens
Milan
Lisbon
Stockholm
Shanghai
New York
amsterdam.
Vienna,..... Prague Helsington Bucharest
Đảng Kong
Brussels
Yokohama
Rio de Janeiro
Copenhagen
(British Wireless Service)
Oct. 18
Oct. 19
178-41/64
-20.941
11.864
178-41/84 21.01 11.90
5171
90-5/18. 110
901
19:414
td.
4.754
4.771
8.131
8.771
138
1381
2261 $60
Union Ins., $505.
1/2-15/16;
Wharves, $131.
Bombay Pt.
1/5-15/16
Montreal
4.811
4.821
Hotels. $880/ 90.
28.10
28.26
Trams, $16.50/.75.
1/2..
Dairy Farms. $25,
Belgrade
210
Watsons, $1.90.
Buenos Aires............
18.98
19.021
Monte Video
19.05
3.
22.40
Oslo
Buter (Forward)
Suver (bót)
194 19-11/16
War Loan
.198
Atoks, .321
10-13/16
31% 100
31% 1001
011
ON LONDON:-
Closing Quotations
October 20, 1938.
Telegraphic Transfor..... | 1/9.
Bank Bills on demand) 37/21
US NOT TORE-
Bank Bills, on demand 28) Credita, 60 days' sighi 20
On Batayta-
Uredita, 4 months' sight. 1/33/82 vs PARIF
Os Shanghai:im
On demand
UN SINGAPONS:
On demand
548
Bank Bilis, on demand 1,rop Credits, 4 months' sight 1,185
176 BOWL ON SAIGON----
On demand
1091
ON Minilai-
On demand
On demand...
On demand
JAN JAPAN:-
On demand
100
Telegraphisć Trsaster.
Jauk na dWURDE
ON BANGKOK-
1401.
Bánt' Buying Este.......
1/3 1/32. 1913/10
Sovereign. Notes
Bay. Pilvan DAP CR
Peak Trams (Old), $81. China Lights (Old), $10.40. China Lights (New), 58.90. Electrics, $58.
Telephones, (Old), $24.60, Telephones (New), $8.70, Cements, $16.
Dairy Farms. $24.
Watsons. $7.90.
Govt. 34 per cent Loan, par.
SELLERS
Hongkong Banks. $1120. Hongkong Steamboats, $19. Hotels. $4.80.
SALES
Hongkong Banks, $1410.
Providents (Old),, $8.40/6.45.
Great Western Sugar 201
TRADE TALKS DIFFICULTIES
Anglo-American Problems
London, Oct. 20
The Anglo-American' trade talks reached a stage where. become the dimculties have
These are, in diplomatic. many respects, the most portant points on which the success or failure of the uro- jected
depends. sgreement Negotiations are proceeding. but they may be prolonged. It is understood that the Bri- Beeking Govt. 4 per cent Loan. 8. per tish representatives are
cent Prem
more substantial reductions, par ticularly on textiles and finished goods, which American interests are opposing.
(Prices below in Phil. Currency)
Antamoks Pa., „35)
H
Baguio Gold: 25 Benguet Consol, 11.40 Coco Graves, 43 Consol, Mines.,'.003 Demonstrations, 27
1. X. L, 61... ... Paracale Gumaus, 134 San Mauricio, 83 United Paracales, 361
REICHSMARK QUOTATIONS "
Berlin, Oct, 20 The Reichamnark » Was quoted without guarantee at: New York, 40:07:00 Paris, 1504.
Amsterdam, 73.625. London, 11.89.
GREECE LOOKS TO ORIENT
Consular Officer Appointed
"The Greek Government in July. tends to sign a treaty of.com- merce with China, supplementing Spot the treaty of amity now in exia- ténce, as soon as conditions in the Far East become stabilised." Mr. P. Yannoulatos,
Consul-December General for Greece In Shanghai | March and Hongkong, declared on his May return here from a 15 month September
Sales for the day stay in Europe.
"
In view of the expansion of the Greek merchant marine and the growing importance of the Far Eastern countries to Greek com- December merce, the Greek governnient has | May decided to open a joint legation July in Japari and China in the near future. Mr. Yannoulatos said.
The appointment of Mr. Yao- noulator as Consul-General for his the country in Hongkong, as well as December ground that the treaty, would be in Shanghai is a first step toward May
other The Americans," among dificult. considérations, are seek- ing a form of preferential duty American cars which the British are opposing on
11.0 the most favoured.
December
turn to England. Preferential no great hope of Anding direct March treatment could only be decided
by the Cablrietsgi
The Americans hands are tied the existing tarif laws, and therefore there
be appears to
Paris Sterling. 178.60 to 178,08. Paris US. Dollars, 3741 to by 37.42-Transocean.
NEW YORK HIDES: (New Contracts)
..-13.38/38
...13.76/76
13.35b/424 13.27/2′′) 13.92/87
-13.64/85
NEW YORK STRAITS TIN
45.46b/46.00a 45.85 N
·42-3/4-
4.77-7/8
means of Elving preferences to American cars, and for the pre-
45.10/10 sent it is recognied that grounds December.
20472-3/4 ** for other and further concessions NY silver, Official
NY-L'don Cross Ratd... 4.76-9/16 may need to be sought Renter.
29"
24
High Low
i ex div.
• bid.
Dec. New York Cotton New York Rubber - Dec. Chicago Whest - Dec........... 651
Dec. Chicago Corn Winnipeg Wheat - Dec.
Close Close Change unch 8.32
8.20 8.98** 8.26 17.07 16.83 17.00 18.95 .05 off 843 647 647
up
45 44 601 59
431
441
† up
*692
60
up
NEW YORK COTTON ...
Close
Opening
Closing
Change
December January (1939) ... March
8.26/28
8.28/26
8.28/21
8.22 N
8.20b/221
8,21/21
8.15/17
8.15/16
8.16/16
***
May
€
*
... 7.99/99
7.99/8.01.
**7.96/96
... 7.88/38
7.88/88
7.83/83
October
E.
... 7.59/B0 8.55 N
7.62/01
7.57/57
8.55 N
unch 01 aft
0
03 off
.05 off .02 off
unch.
מיום 01.
"NEW YORK RUBBER
-411
17.00/01
... ... ...
17.03/04
17.08/08
17.07/05
17.00/01 17.13/13. 17.17/17
10.95/95
05' of .03
17.06 N
17.01/01 17.05 N
.07 of .03 'off
2,000 tons
CHICAGO WHEAT
B47/BH ... 650/652
65/651
641/641 641/65 051/653 881/661 651/857
up
up:
Tuesday's Bales:
10.182,000 bushels
CHICAGO CORN
437/431 44/44 471/478
-472/4748/472
nation more effective representation in July imes, which, it is felt, will im- the Orient.
The appointment of Mr. Yan- ply that the country will be
as for example with noulatos as Capsul-General for his swamped, cars from Germany, to the detri-country in Hongkong as well as in Shanghai is a first step toward manufacturers. ment, of British
more effective representation in Moreover, under the most-
the Orient. favoured nation treatment, other countries would beneft heavily withons, giving anything in re-
October
December May
434/484
447/441
491/491
up
up
€0%/60% 592/591 63/831
"
WINNIPEG WHEAT ·
61/611 611/807 591/502 60/601
631/631
996
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