1939-09-06 — Page 12

Last Sale,

.FROM ROZA BROS.

Ready Silver SPES quoted this Adarna Express -morning at 19.3/4 and Forward at | Alleghany Steel Co.

"10.9/16. The American market Allied Stores

was closed.

The London/New York rate was quoted at 419.

Sept. 1.

Last Sale

-7-

Sept. 1.

PAGE 12-HONGKONG DAILY PRESS

Finance and Commerce

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 5. 1933

On London:-

"Telegraphic Transfer. 1/4 13/10 Bank Bills, on demand/s 13/18 Credits 4 months' sight 1/3,3% On Shanghat:-

On demand

On Singapore:--

890

:

WEEKLY WHEAT

REPORT

REYNOLDS AND GIBSON WHEAT

nervousness

grades, Gulf Shipment, The truth is that it is early yet to expect a defnite announcement and much, of this talk is only conjecture.

As regards the international situation, we can only say that the barometer for the immediate future seems set at "Storing" and any deterioration in politics must be bullish for wheat,

Stock of wheat in Liverpool: This week 984 Ioads; last week 975 Toada.

Fer Payne & Co. Liverpool-Conditions were quiet and easy until the week-end when the market advanced sharply on over Europeari de- velopments. This was followed by a rise of 2d at the openirig to- day. Apart from politics, there

Chicago-Fluctuations have been has been no fresh news of impor- tance and the main features have moderate with an upward ten- dency. The market has been been the continued pressure of! Plate Wheat, and fears that ex-alded by the political unsettle port subsidies will mean cut-ihroat! ment and by the absence of hedg- [competition among exporting na ing pressure which seems to in- tions. On Thursday last it was dicate that a fair quantity of reported that the Argentine Grain wheat is going into loan. There Board had reduced its selling appears to be, however, a tendency price to exporters by 25 centavos to await the Inauguration of the or about 7id, per quarter, while all Government subsidy programme sorts of reports have circulated and the reaction of competitive regarding the intentions of the exporting countries. 49 1/2 American Government with res-

On demand

2 1/8

On Japan:

On demand

On India:-

Telegraphic Transfer.

and demand

-On New York:--

33

15 1/2

$82 1/2

Bank Bills, on demand 91 1/2 Credits, 60 days sight 27 3/16

Un Batavia:-

On demand

On Paris:-

Bank Bills, on demand 1975 Credits 4 months' sight 1125

Un Saigon)--

On demand

Un Manila:—

On demand

105 1/2

51.

On Bangkok'-

On demand

150 1/4

Sterling Notes:-

Bank Buying Rate

Bar Silver per az

1/3 1/8 19. 3/4

Market Report

pect to the export subsidy on the present crop. At first there was talk of an export of 100 million bushels with a subsidy of between 35 and 40 cents per bushel. Latest talk favours a subsidy of. 34 or 35

Winnipeg.-Values show a smart improvement on the week under short covering and fresh buying induced by the Danzig situation and on reports that wet weather was retarding harvesting. Har- vesting is in full swing in Manite- cents with little ordinary grade ba and is progressing in Southern for export but possibly some choice "districts of Baskatchewan.

NEW YORK STOCK EXCHANGE

STOCKS

QUOTATION

SEPTEMBER 1, 1939

STOCKS

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHÁMER

·Bayerof Ballers

IF

*** ***

****

↑

*****

Bain Nolan TUESDAY 6.

du aut⠀

SEPT.

Hanks

$3250 HK Banks

280

200

Do. (Col. Beg.)

TÁRÓKKES- ASSOCIATION

Do (Lon, Bag.). ---

E6 Chartered Bank 224 Mercantile Bka. ***** 212 Mercantils Bis, "C"

$72

Bank of East Asia 20

[N. C. & S. Banka ... Insurances

$500 Canton· Insuranoss $350 Union Inspiradors

Underwriters

#13

$180 H.K. Firns

Shipping

Douglasssed

[Proc.)

HARD F

B

$1,390

680

$900 01/ $360

$185

367 $15

$87.

$12

Steambosta

860

Indo-Chinna

$30

Indo-Chinae (Def.)...

(FROM PAYNE & CO.)

83/1

Shella

$8.10 Waterboste

Docks, Wharves,

Godawas, etc..

$100 HK & K. Wharva. $4.40 Providenta

$100

SLIM

# H.K. &, W. Docka... Do. (new)

#16

SPOT

$110 Shanghai Dook 5.

$108

OCT.-DEC.

$7 New Engineerings 8.

$8.34

JAN. MARCH

....... 28-773 29-1/8 27-3/4 28

New York, September 2

SINGAPORE RÜBBEN

Sept. 1.,,

Sept. 2

Dayers

sellers buyers - sellers.

29-1/4

29-1/8

29 29-1/2 29-3/8. .28

!

Change 29-1/4 of 1/4

28-1/4 of 1-1/8

»

OM 1-1/8

|| Mining

The Singapore market was erratic,

16/3 Kailade

16/3

Baube

Venezuela Gold" Fidi

Providente (now)

9 ota Hong Kong Miner

|Lands, Hotel and

Buildings ~

WEDNESDAY, SEPTEMBER 6. 1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

$79

[50 cta..

COMMODITY

MARKET REVIEW

$4

H.K. Hotels.

$4.75

831

H.K. Landa ........

$32

SPOT OCT.-DEC. JAN.-MARCH

LONDON RUBBER

Previous close. To-day's close buyers

sellers buyers sellors change

UNRECEIVED

8-11/16 8 3/4

8-11/16 8-3/4

paz

Do. 4% Debentures

$100

$7.00

Shanghai Lands

8.

833

H.K. Beation .....

#

Humphreys

198

Chinese Estates. .................

Cotton MED

#17

Kw (9.)

$120

S'hal Cotton (8.)

$110

$43

Zoong Sings (8.)

$40

$45

Wing On Textiles (B.)

$60

Public Utilities

18-3

Int. Tel. Tel.

5-

#15 Tramwaya-

$151

7། །

Johns Manville

62

l'Allis Chalmers

33-1

J. & Laughlin Steel $7 píd.

45

cross- Aluminium Ltd

mut.

Kennecott Copper

$58

7 40 Pak Trama fois)

$3.70 Poak Trams (new)"

¡Star Ferries

$7.40

$3.70

38-4

858

122

T'urati Farris

Amerads, Corps.

59

Lakey Foundry & Mac..

$29

2-4

..

Markét

Amer. Can.....

97-

Libbey-Owens-Ford

Glass

42

$7.30 China Lights (0)

Do. (D)

$7.90

8-3/4 8-13/16

COTTON

Prices early advanced on buying by speculators, but later react- ed on liquidation and realising. Department of Agriculture Officials $19.10 said to-day that, as far as they knew, the International Cotton Conference would, begin on Tuesday, as scheduled, although they added that a general war might conceivably bring about the recall of some of the delegates.

RUBBER

The nearness of the war danger boomed prices from the open- ing of the market, but later reports of an easing of the situation brought about general liquidation and prices slumped badly towards the close.

Steady.

American Cyanamid B'.

27-1

Lockheed Aircraft

244"

Amer, & Foreign Power

2-1

Loew's Inc.

35-4

420 China Lights New)

Chins Lights

WHEAT

Sterling Business was done during the course of the morning at 1/3.1/321 for cash and 1/3 for November, December and January. The mar- ket closed at 1 pm. with sellers

at 1/3 Cash/October and 1/2.31/32 November/January, buyers at 1/3. 1/32 Cash and 1/3 December.

U.S. Dollars

Amer. Metals, Co. Amer. Radiator ... Amer. Rolling Mill Amer. S'ting and Ring Co. Amer. Sugar Ring Amer. Tel & Tel Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & A. Fe. Aubura Motors... Baltimore & Ohio

Opened with sellers at 26 with business done at 28.1/16 for Cash. Subsequently the market weaken "ed and business was done at 26 and 25,7/8 for September followed by transactions at 25.3/4 for cash. Barber Asphalt Co 25.5/8 September and also 25.1/2 Barnsdall Oll' September. The market closed at Bendix Aviation 1 p.m. with sellers at 25.5/8 for Bethlehem Steel.... cash and 25.7/16 September, buy-Bliss & Co...

Ameri & Foreign #7 pt.... American Gas & Elec Amer. Locomotive

"17

Manhattan Shirt Co.

804

ung.

33-Martin. Glen L

$18

32

311

16

McKesson, Robbins

13-4*

28-2

Monsanto Chemical

100-1

3-4

|Montgomery Ward

15-+

15-1

National Cash Register Co. 47-4

46-1

Mat. Dairy Products

15

914

-20-1

Nat. Distillerz

21-

158

National Gypsum

9-1

77 9-1

National Load

21-1

Nat. Power & Light

8-4

28-ix National Steel Corp.

61.

23-3

Net. Supply Corpa

7

unq.

New York Central

12-1

4-1.

Niagara Hudson · Power

1-9

10-1

N. American Aviation

15-4

H.K. Electrics... Macao Electrica Sandakan Lights

120 Telephones (old)

$7.80 Telephones (DEW), 19/6 Tractions

29/0 Traétions (prod.) -Industrials

Cald., Macg. ord.) 8, Cald., Macg. (Fref.) 8. 81 Canton Icem

$15.60 Comenta

$3.70 Ropes

820

Miscellaneou

Dairy Farm (Old). $19 Dairy Farin (New) 16.00 h. E'taimpacte

$1.55 Constructiods

Constructions

$53

**

890

Prices opened higher on war prospects in Europe and advanced further on general buying, but the market towards the close took the downward trend on rumours of renewed peace' talks and of the possibilities of the avoidance of a general conflict. ́

New York Stocks

Previous To-day's

close

close Change

135.25

138.09

2.84

81

83.80)

390

$19

$8.90

(old)

13-1

North American Co.

21-+

371

Lane Crawforda

N. Y. Commodity Market

23-1

Northern Pacific

45

Nanyang Tobacco

65

Owens-linola Glass" Co.

7-1

*STE

13-1

Paciic Gas & Elec.

61-1

40′′/

ers at 25.13/16 for cash and 25. Boeing Airplane Co.....! 9/16 September:

21-1

Pacinc Lighting .....................

31

Borg-Warner

21-1

Packard Motors

3

$98

Shanghai Dollars.

Biggs M'facturing

18-1

Paramount Pictures

7-1

41

Quoted at 325.

Brooklyn-M'hattan Trans.

10-1

Pennsylvanià RR.

15-1

Shanghai Market,

The highest rate reported this morning was 43/4 but last advices received

BKlyn-Mhattan $6 cum pf. Canadian Pacifle R'way. Case, JI.

40-1

Phelps-Dodgė

40

4

Phillips Petroleum

36-4

57.

Public Bervice of NJ.

37-4

22

Pullman Inc.

24

Sterling

US. Dollars

reported the market as being easier with probable sellers

at 4.7/16, for cash.

The US Dollar rate

Celanese

Chesapeake & Ohio

Chrysler Corán.

Colts Patent Fire-Armis Columbia Gas & EL

down to 25 and Pesos rate was Commercial.....

also lowered to 50.

Afternoon Market

Quiet for Sterling but easier for Consolidated Edison US. Dollars,

Some business was done at 1/2.

Continental Can Continental Of

Corn Products

1/32 for cash. The market closed with sellers at 1/3 Cash/October Curtiss-Wright" (C.) and 1/2.31/32 November/January, Curtis Wright "A"

buyers at 1/3.1/32 Cash December.

Deere & Co.

Business was dddle in the after-Eagle Picher Lead noon at 235/8 for cash, 25.1/2 Eaton Mfg. Co. Cash, 25.3/8 Cash and 25.1/4 Elec. Autolite

31-3

Pure Oll

781

Radio Corpn., of Am.

5-4

74-1

Reading Cumpány, Com

10-1

6-

Reading Company, 1st pfá

21-1

LONDON

STOCK

$1.80 Bucares

Watsons

Ch. 0.6% 1995G $Bds,

300 HA. Gott, 19% Loss

II.K. Govt. S% Loan

HK. Wing On t

S'haf Wing On

18 Vibro Piling

13/6 4/0

Marsmans Inv. {£on.)

| Máramans Inv; {H‚E}

Wm. Powalla.

10. Shanghai

EXCHANGE

81.98

E

1

New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn; Sept. Winnipeg Wheat, Oct, New York Hides," Sept,

$99

$10

Prev. To-day's

High Low

Close Close Change

New York Cotton, Oct. ...

8.52

8.35"

8.42 -8.37 1.05 off

18.65

18.15

18.80

521 40+

69b

69b

(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levý & Company!

1gibb 85 or 79 781757b 761 · 5/8 up 50 491/8 off 64b89b 5 up 11.95 11.40m 55 of

was put Columbla 6% "A" pi.

80

"

Remington Arms Co., Inc.

3-7*

42

Republic Steel

18-4

*Commonwealth & 8. (ord.) C'wealth & S. 6% cum.pt.

1-Reynold Tobac. "B"

36-1

05 Richfeld Oil

74

29-1

Bafeway Stores

42

7

Consolidated 'Of

Schenley Distillers

10-4

(REUTER'S SERVICE)

The following quotations are the middle prices at the slums of the market in London. ¿IT quotations are äubject to confirma- složi krid oë bespénkülity & asumed for errors in transmission.

Landön, August 31.

39

Schenley 51% pfd.'

.70

3

22-1

Sears Roebuck

75

55-1

Seversky“ Aircraft

3

War Loan 31 ined

5-1

Shell Union Oil

11

23-1

Bocony-Vacuura Oll

11-1

17

Southern Pacific

11-1

and 1/3

Distillers Corpn. Seagrams Douglas Aircraft Du Pont de Nemours

14-

Southern Rly 15 pid.

20-1

..68-) Sperry

42.

183

Standard Brands

5-1

Stand Gás & Elec..........

21

20

Standard Olf of California

.28

33

Standard Of of NJ. ....nis

41-4

1012.

Cash; The market closed with Elec. Bond & Share ......... sellers at 25.1/4 Cash' and 25.1/16 Elec. Bond & Share $5 pr. September, buyers at 25.3/8 Cash Elec. Bond & Share $6 p. and probably 25.3/16 September.

7-1

Etone & Webster

9-1

55

Swift International

29

1913 (Ldn. I2,9

83-

15

Technicolor

Elee. Power & Light $7 pt.

2)

Texas Corpn.

· 37-1

'Shanghai Dollars'

Flintkoter

17

Tix Gulf Sulphur

29

after 1952)

Canton-Eloon Rly. 5% 12

Chinese 4% Gold Loan,

1898 (Bílt. Is66)......

Chiness 5% Gold Bonds,

1928-47

Chi 44% Anglo-French

Loán, 1904

Chinese 5% Crisp Loan,

Chinese 5% Reorg Losin,

Chinese 8% Ster: Notes,

1925 (Vickerā).

Chi, Imperial -Hip. 8%%%

12

Sellers at 332.

Food Machinery. Corp.

29

5-1

| Trans-America Oo

· Loan iku....

45

Gen. American Trans.

47-1

15...

120th Cent. For.

Honan-Rly. 5%

18

Shangling Market

Sellers were quoted at 4.3/8

Spot

Shanghai Exchange

Shanghai, Sept. 4 (Reuter).

Official T.T. Rates

London ....

New York

Japan...

India".

ri

Gen. Electric

35-4-zöln sent. His $14 pf.

20

Enkuang Ely. 5%, 1911.

13

for Gen Motors ......

40-1

Union Carbide & Carbon

1-08.

Hukuang Rly. 5%, 1911

Gen. Raliway Signal

13-

Union Pacific

94-1

(German Issue)

13

General Tire & Rubber Co

19-1

United Aircraft

༣༡ : .་

Lung Tsing & U Hai Riy

15.

Glidden Co. aiškumo, pomni

United Airlines Trans.

9-1

...6% 1913 ................... 13:

Goodrich (BF.)

19-1 United Corpo.

2-1.

Goodrich $5 pf.

61-United Corpn. $3 cum pt.

33-4

Goodyear Tire.

Co

25-United Gas Corpn

2-1

(Brit. Stpd.)..

"Opening

0/4 7

·28-1/2

Great Northern Iron Ore Great Northern, Rly.' pld

14-1

United Gas Improvement 12-1

21-18. Rubber

Great Western Bugar

27-4

U.A. Rubber $8 pid,

Paris

22-1/4 ...2.91

Greyhound Corpa.

15-8. Steel.....

Hecker Products

11-Vanadium

a

Hercules Powder Co

76

26-1/2

Homestake Mining - Industrial Rayon International Harvester

61... 21

49-1

48-1

1939

Hongkong

MINIMUM " PRICES Int. Nickel

IN FORCE

LONDON, Sept. 5 (Reuter)-It is officially announced that pending reopening of the Stock Exchange minimam prices are to continue in force,

All bargains are to be for cash and no new option" on trading, is permitted.

DOW JONES AVERAGE:

15485 191.44 30 Industrials

· 34-38 · 24.14 · 20° Baile .....

Jap. 6% Ster, Logn, 1924 39

Ger, 74 Intl. Loan, 1924 29

Chartered Bank .....

IK. & ghat Bank (Lán

H.K. & B'nai Bant (Col

Beg)

Sept. 1, 1919,

Chinese Eng. & High-Low Dow Jones Averages, Aug. 31, Bigh Low Close Change

134.41 1880 197.51 135.9584 up (bearer)

23 10 £5.99 £4.90:25,98 17 up Chosen Corpo 94,54) 28,79 25,00 -23.6985 off Pekin Synd 87.71

84611.30 of fight! $1.80 2.96 up gui Business Done (--480,000 shares

27.07·20.71.90 Utilities 91.21 87.06 40 Bonds

·53.09 $45.59... 11 Commodity Index 47.84

Warner Bros. Pict.

S'hal-N'king 'RIT. 5%.... 13 Tientsin-Pukow - Ely, 5%

Tientain-Pakow Ely 5%

(German Stpd.)............ Tientsin-Puko Rly 5%

(Erit, Bipd. Bupi. Loan) Tientsin-Pukow Rly. 6%-

(Cer Btpd. Bupl Loan) 12

Westinghouse Elec.

Woodward Iron Cor.

National City Bank

Jap. 6% Ster. Loan, 1907 33

Chase National Bank

‡-ex. div.!!

|| Beg)

ཚོས ལབབསྒྱུ་སྤུས བྷཎྜག སྤྲཅུ་སྦེསྐུ བ སp3RD ཨེཊྛི

B-A Tah (bearef),2°

Cazmeil. Laird; ofà. Mexican Eagle Courtaulds....... Distillers............ää Dunlop. Rubber ...

Gen. Electric England

Hawker Siddeley Air... 15/6 Bristol Aeroplane

........... 18/6

Imperial Chemical Ind

29/3

Imperial: "Tobacco

128/9

NEW YORK COTTON

Close Opening

Closing

Change

October December January

8,42/42 8.02/51

8,37/37

05 of

8.28/28

8.37/37

8.18/20

.08 off

8.18/18

unquoted

8.081

10 of

March

8.13714

8.22/22

8.01/01

Union, insurance" · Gula Kalampong Rubber 18 Allied Ironfounders ......... 16 Atm, & Elbe. Industries 39 Anstits Motors, örd.' Cable & Wireling New

Forza, ord

May

8.01/03

8.10/10

7.87/89

July Spot

7.82/84

*7.80/91

7.72/TE

12 öff

8./20

8.870

NEW YORK RUBBER

Beptember December

18.75/80

10.25/44

18.22/22

7/44

March"

18.18b

5/3

May

18.15b

1885/19.14 17.90/90 18.83/19.10 17.83/90. 18.95/18.16 17.85b

"off

8998

off

off

28/8

95/9

Total sales for the day: 3,640 tons,

75:

CHICAGO WHEAT

Chuinness (A). Ban M. Co: 95

77/78

78/78+

-761/761 77/762

701/791

4-5/8 up *3-1/2 up 3-5/8 up

bushels,

Marka & Sp'ter “A” ord. 53/4)

Rolls Royce,

∙101/3

Leyland Motors

Tate & Lyle,

92/3. 62/6

Turner & Newall

79/41

United Steel

23

September December May

Smethwick Drop Forg.

September December May

Friday's sales

CHICAGO CORN

50/491 51/52 48-1/85 51-521

·50-5/86"

14/9

Armstrong Stevens,

5/9

Fressed Breel, com.

18/0

Vickers, ord

$3/1.

Woolworths

BE

Anglo-Dutch

24/6

October December May.

497/401

0-1/8 of

50% / 50%.

1-1/2 Up

58/53€

1-1/2 up

WINNIPEG WHEAT

64b 65-1/8b 68-1/25

69/68

:89b $70/701 70-1/8b

73-1/26

Rub. Plant. Invest Trust

28/6.

Burma Corporation Commonwealth Mining Marsman Investments.: Randfontein Estates Western Holdings -Sub-Nigel » Wa

8/11

13/8

September

37/0

12/3

December NY-London Cross Rate 25 W

vapat 215

Tanami Gold Mining:

"Anglo-Iranian

Burma

Shell Tra

6d

4/41

83/1

September December

10 to 12

September

NEW YORK COPPER FUTURES

9.81/868 unquote 9.91b/108 9.88b/90a unquoted 10,00/01-

4.20-1/4

NEW YORK HIDES

11.9511278/93

13.20/22 12.75/13.05

NEW YORK STRAITS TIN

56.00/00% quoted

50.79m