PAGE 12-HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND
EXCHANGE
H. K. STOCK EXCHANGE
Enquiries continue to enter the
'CLOSING QUOTATIONS market and buyers are increasing
SEPTEMBER
1939
On London:-
Telegraphic Transfer. 1/2 13/16 Bank Bulls, on demand/2 13/18 Credits 4 months' sight 13 3/5
On Shanghai:
On demand
On Singapore:-"
and demand
On New York:-
Bank" BHis, on demand 1/9 Credits, 60 days sight :6 7/16
On Batavia :-
their bids, but holders are not dis- playing any anxiety to supply the demand at the prices offered.
PHILIPPINE GOLD MINING QUOTATIONS
Atoks
Itogon Mining
Customs Dues In China
BRITISH PROTEST TO JAPANESE LIKELY
FINANCE
CONTROL Freeing Of OF FOOD The Adds. SUPPLIES
BOARD OF TRADE MEASURES
Confidence
LONDON, Aug. 25 Aş from to day the Equalisation Fund, created for the purpose of ironing out Huctuations in the £. ceased to ʊperate.
The E fell from 4.88dol., where it has stood for many months, to | 4.38.
This decision follows many weeks of strain on the fund involving a considerable outflow of gold."
LONDON, Sept. 6 (Reuter)—— It is announced that milk sup- plies are ample in all reèep- tion areas. Selling of animal toddler at prices higher than those prevailing last week is "now forbidden
It has been taken in order to con- Maxiraum prices for the sale of serve gold in the event of hostilities. cattle
and sheep for "slaughter Henceforth the value of the have been fixed. The Board of pound will fuctuate in accordance Trade has taken over control of with supply and demand and this all flour mills and other mills pro- latest development is in accord ducing cereal goods except rice and with soya beans.
Antomaka
173 17
200
Bagulo Gold
15
Batong Buhay
011
On demand
2-1/4
Benguet Consol.
09:30
On Japan:-
On demand
Big Wedge
-17
103 1/2
Coca Grove
18
On India:
Consol. Mines
0025
Telegraphic Transfer.
82 1/2
Demonstration
072
I. X. L.
38
Ipo Gold
13
201
LONDON, Sept. 6 (Reuter)-- Mr. Quo Tal-chi, Chinese Ambassador in London, under instructions from "Chungking, has made strong representa- Office tions to the · Foreign agalist the Japanese regula- must tion that Customs dues be paid in Hua Hsing holes. It is understood that the Bri- tish Government is of the opinion that the order is in violation of the Customs Integrity and is ex- pected to protest to the Japanese.
Of
the
Manbulao Consol.
.08
48 1/2
Manbates Consol
08
Mindanao Motherlode
004
Mine Operation
11
North Camarbrés
19
London, Sept. 5 (Reuter). Bar Gold, Fine per oz., 168. ·
Parscale Gumimaks
14
106 1/2
San Mauricio
80
Surigao Consol.
19
19
Suyoc ConsolI.
114
Syndicate Investment" United Paracale
*.30
On demand
150 1/4
Sterling Notes:-
Bank Buying Rate
1/3 1/4
Bar Silver per oz.
19 3/4
Un demand
On Paris:
On Balgon
On demand
Bank Bills, on demand 10e5
Credits 4 months' sight 1195
Un Manila:-
On demand
On Bangkok.—
..
Market Report
FROM ROZA BROS.
́LONDON GOLD
NEW YORK STOCK EXCHANGE
this morning.
London/New York cross-rate, Allis Gbalmers
sellers 402, buyers 406.
New York/London 407.3/4.
Market
44
ہیں
ATE
cereals
THURSDAY, SEPTEMBER 7, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY
SPOT OCT.-DEC. JAN.-MARCH
MARKET
REVIEW
(FROM PAYNE & CO.)
New York, September
Sept. 2
SINGAPORE RUBBER
Sept. 1.
buyers Bailers
buyers sellers
29-1/4 29-1/2 29
29-1/8
change
29-1/4 off 1/4
28-1/4
of 1-1/8
of 1-1/8
29-3/8 28 23-7/8 29-1/827-3/4 28
The Singapore market was erratic.
LONDON RUBBER
Previous close
buyers
sellers
To-day's close buyers
sellers
change
8-11/16 8-3/4
9-11/16 8-3/4 '8-3/4
UNRECEIVED
8-13/18
the recent Bank Rate mmcrease which in turn increased CEREAL STOCKS
the cost of borrowing for any who stocks of
in might have desired to operate United Kingdom about against the pound. Alty tons
registered The decision has been taken after and all shipments to..
the consultation with both the United country will be requisitioned. Any-States and France. one with over 100, tons outside the It will be welcomed especially by United Kingdom must take steps many people who have taken the to transfer it to the Board which view that the creation of an f prepared to make payment for artificial exchange position by the
formation of an Equalisation Funds P o im immediately. Provisional prices for tea and was unsound policy. Though the OCT-DEC for the import and wholesale trade measure 13 essentially B.n in tea has now been brought under emergency one, there is no doubt that the decision means the begin- ning of the end of the Equalisation Fund, and a return to natural Prices early advanced on Buying by speculators, but later react- money rates. This is all to the led on liquidation and realising. Department of Agriculture Oficials good.
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,
'control
COMMERCIAL
** SERVICES LONDON STOCK EXCHANGE
London, Sept. 5 (Renter). The London Stock Exchange, will re-open on Thursday. Septem- ber 7.
The total gold holding of the country at March 31 was £594,- 000,000.
prices on August 31 as the basis for settlement.
JAN-MARCH
||
COTTON
RUBBER
The nearness of the war danger boomed prices from the open-
LONDON METALS EXCHANGE LIVERPOOL WHEAT MARKET
The London Metals Exchange All Wheat futures will be liquida-mg of the market, but later reports of an easing of the situation will be opening for one hour on tion on September 7 at the follow- brought about general liquidation and prices slumped badly towards Wednesday, September 6, in oring prices:
the close. October-4/0-3/4, D- der to settle commitments, with cember-4/3, March-4/3-5/8.
WHEAT
QUOTATION
...
SEPT. 6. 1939
STOCKS
Last Sale
Sept. 5
STOCKS
Adams Express J.
10!
There were no Silver quotations
Alleghany Steel Co.
34] ·
Int. Tei & Tel.
Last Sale
Sept. 5
4.
Allied Stores
83
Johns Manville
62
401
J. & Laughlin Steel $7 pfd 534
Aluminium Ltd
130
Kennecott Copper
Amerada Corps. .....
69
Lakey Foundry & Mac..
31*
Amer. Can
108
Libbey-Owens-Ford
Glass
431
Américan Cyanamid B
341
Lockheed Aircraft
271
Quiet for Sterling. U.S. Dollar
Amer. & Foreign Power ...
21
Loew's Inc.
32
the steadier.
was easier during the early part
of the moming but subsequently American Gas & Elec
market appeared
«Sterling..
Amari & Foreign $7 p.
184
Manhattan Shirt Co.
HONGKONG SHARE QUOTATIONS
331
Martin, Glen I
343
STOCK EXCHANGE
SHAREBROKEEL" ASSOCIAZION
shade 2
Amer. Litomotive
211
McKesson, Robbins
171*
Amer. Metals Co.. Amez. Radiator
382
Monsanto Chemical
109!
Buyers) Ballers Bale Nominal
91
Montgomery Ward .....
*48*
WED..
SEPT.
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 confict.
B
Bayer Bere Halosening
Business was done during the Amer, Rolling M .course of the morning at 1/3.1/32 Amer. Sting and Ring Co.
198
National Cash Register Co.
15
551
at. Dairy Products...
Banks
15
New York Stocks
•
Previous To-day's
close
close
Change
133.25
108.09
up 2.84
for Cash and 1/3 December, 1/2. | Amer. Sugar Ring - 31/32 was also done for January. Amer. Tel. & Tel The market closed with sellers at Amer. Tobacco "B" 173 September and 1/2.31/32 Amer. Waterworki
34
Nat. Distillers."
$1260 H.K. Banks
***
$1950
1611
National Gypsum
280
Do. (Col. Bag.)
91
£80
Da. (Lou. Bag.)
280
£80
781
National Load
25
Chartered Banks
£61
107
Nat. Power & Light
8
£24
Marcantile Bk. “A”
U.S. Dollars
probable
October/December, probably Janu-Anaconda Copper ary, buyers at 1/3.1/32 for Cash Atchison, T. & S. Ft. and 1/3 October.
Opened with sellers at 25.1/8. Barnsdall Ol
25.1/4.
buyers bidding quently business was
Subse-dix Aviation done at 25 Bethlehem Steel for September followed by transac-Bliss & Co. tions at 25 for. Cash and 24.15/16 Boeing Airplane Co. and 24.7/8 for September. The Borg-Warner market closed with sellers at 25 Biggs M'facturing for Cash and
24.7/8 September. Brooklyn-M'hattan Trans, buyers at 25.1/8 for Cash and 25 B'klyn-M'hattan $8 cum på. September.
Canadian Pacific B'way... Casé, J.L.
Shanghai Dollars. Opened at 345 with business done subsequently at 355 and 365
At the close there were sellers at 365 for Spot..
Shanghai Market,
Colts Patent Fire-Arms
Opened with sellers at 25/16 Commercial
but towards the close sellers were commonwealth & 8: (ord:)
381
National Steel Corp.
744
212
|Mercantile Bk. "0"
N. Y. Commodity Market
28
Nat. Supply Corp.
94
:
$72
Bank of East Asia ...
879
Auburn Motors...
2
New York Central
161
N. C. & S. Backs... Insurances
(50 ctx"
Baltimore & Ohio
51..
| Niagara Hudson Power
6)
Barber Asphalt Co
131
N. American Aviation .....
181
177"
North American Co.
21
28!
Northern Pacific
2.
111
823
Owens-Tilinols Glass Co.
574
174
Pacific Gas & Elec.
30
28
Pacific Lighting
387
312 Stolboat
$400 Canton Insurances $330 Union Inorances
Underwriters $180H.K. Firon
#ti
Douglas
$200
New York, September 5.
$3.30
#185
Shipping
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
967
315
Prev. To-day's
45
24
Packard Motors
#
Paramount. Pictures
22
61
280 (Indo-Chinian
830 Indo-Chinas (Dat.)...
83/31 Bballs
{Prat.)
850
High
Low
$20
New York Cotton, Oct.
9,00
8.50 8.37 8.76
Close Close Change.
39 up
83/1
104
[Pennsylvania RR.
19
$8.10 Waterboata
New York Rubber, Sept.
10,90
19.90 17,90
19.90 2.00 up
Phelps-Dodze
44
Docks, Wharves,
Chicago Wheat, Sept.....
811
811
77
811
4% up
47
Phillips Petroleum
441
Godowns, etc.
Chicago Com, Sept.
541 641
504
.549 4
Public Service of NJ.
371
$10G FI.K. & E Wharvo
$100
Celanese
251
Pulman Inc. "
$4.40 Provideata
$4.18
Winnipeg Wheat, Oct........ New York Hides, Sept.
74 74 7011 13,74 13.74 11.80
751b 5 13.74 194 up
קט
קס
30
Chesapeake & Ohio
354
Pure Oll....
11
Chrysler Corpn.
83
Radio Corpn. of Am. ........
8
92
Reading Company, Com
$1 H.H. & W. Dock....
Do. (9) N
Providente (AW); ....
$15
NEW YORK COTTON
14
$120 Shanghai Dock S. ...
$108
Columbia Gas' & M.
71
Reading Company, ist pfa
21 *
New Engineerings 8.
88.30
Close
Opening Closing
Change
Columbla 8% "A" pí.
80 ...
Remington Arms Co., Inc.
50*
.. Mining
431
Republic Steel
202
13
Reynold Tobac. "B"
38+
reported only at 4d for cash.
C'wealth & 8. 8% cam på.
631.
Richfeld 011
9
Consolidated Edison
301
Safeway Stores
*:*:
****
16/3
Kalni
18/3
October
8.37/37
8.78/92
8.75/78
39 up
#81
R&nbs
December
8.18/20
8.70/64
8.64/65
11
45 up
*
Vanezuela Gold Fide
January
8.6857-
8.57/56
8.60/61
קם .53
41
Shanghai Exchange
Consolidated Oll
91
Schenley Distillers
124
Continental Can
+11
Schenley, 5W gid.
-70
Shanghal. Sept. 4 (Reuter).
Continental Oli
.30
Sears Roebuck
741
Official T.T. Rates
Com Products
80
Seversky Aircraft
37
Opening | Curtiss Wright (C)
61
Bhell Union O.....
151
2 eta Hong Kong Mines.
Lands, Hotels and Buildings
H.E. Hotels
9314 H.K. Lands ..........
Dar
Do..4% Debentures “¿ $7.00 Shanghai Lande B
March
8.01/01
8.45/48
8:52/52
51: up
May
7.87/89
8.40/39
8.37/31
48 10
July
1.72/72
8.28/28
8.21/22
50 up
『་
Spot
8.87 N
9.25 N
38 up
London
0/4
New York
6-3/4.
Curtiss Wright "A" Deere & Co.
25
Bocony-Vacuum Ou
141
Humphreys
22
Southern Pacific
an
137
Japan
28-1/2
Distillers Corpn. Beagrams 15
Southern Ely 35 pd.
409
Chinesa Pataka
!!!!!
$100
NEW YORK BUKBER
M
India Paris "Hongkong
*** 22-1/4
Douglas Aircraft ----------
10
Sperry
471
(8.)
2.30.
Du Pont de Nemours
183
Standard Brands
62
26-1/2
Eagle Ficher Lead
141
Stand Gas & Elec.
3
Sterling
Eaton Mfg. Co.
26
Standard Oll of California
30
Elec. Autolite
354
Standard Oil of NJ.
487
Sellers
Elec. 'Bond & Sháře .....
82
Stone & Webster ....
101
Opening
Closing
Elec. Bond & Share $5 pf.
62.
Spot
Swift International'...........
341
0/4-1/4
0/3-31/32
Elec. Bond &z Share $8 pl.
70%
Technicolor
10)
Sept.
0/4-174.
0/3-31/32
Elec, Power & Light $7 pt.
301
Texas Corpn.
461
$29
U.8. Dollars
152
Teken Gulf sulphur
35
Spot
$7-9/32 $8-3/4
7-3/18
Food Machinery Corp.
34
Trans-America Co.
51
Sept
6-5/8
Market:-Quiet but steady.
Merchant Hates
Sterling, 0/3-7/8.
18. Dollars, $6-9/16.
New York Exchange
New York, Sept. 5 (Reuter). Great Northern Iron Ore.... 187 T.T. on London (Opening Rate).
4.02 to 1.08.
NEW YORK SILVER New York, Bept, 5. (Reuter), Official Price, 35-1/2.
HONGKONG
SHAREBROKERS'
ASSOCIATION
"Volume of Business Transacted
Unions
on Tuesday, Sept: 1939.
21 $330.00
AK, Hotels500 4.00 Wednesday, Sept. 1939,
HF. Banks Itogons
'5 $1,200.00 30,000 P, 0.20
34,28 24.34 20 Rafle
'92 22 8051 40 Bonda
Gen. American Trans. Gen. Electric
52!
20th Cent. Fox.
131
391
20th Cent. Fot. $1† pf,
23
Gen. Motors ........
40%
Union Carbide de Carbon
90
$184
Gen, Railway Signal
171
Union Pacifc .......
99
#11
General Tire & Rubber Co 211
690
United Aircraft
391
Glidden Co......
-18
United Airlines Trans.
101
Goodrich (B.F.)
23
United Corpn. ......
3
Goodrich $5 pf.
671
United Corpn. $3 cum pl. 34
"Goodyear Tire & Co.
301
United Gas Corpn.
28
Great Northern Ely, pid. 261
United Gas Improvement 13) UB. Rubber
Great Western Bugar...., 37- Greyhound Corpn.
US. Rubber 58 pid."
48 109
154
U.S. Steel
661
Hecker Products
127
Vanadium
314
Hercules Powder Co.
901
Warner Bros. Pict.
51
Homestake Mining'
597
Westinghouse, Elec.
112
Industrial Rayon
23
Woodward' Iron Cor.
287
International Harvester Ent. Nickel
641
547
Chase National Bank National City Bahk
31
25
*-* GİT.
1933
High Low Dow Jones Arainge 18485 121.44 30 Intimatrisla
20 18
37.07 20.71 0. Utilities
2.41
86.59
01.80 45.59 11 Commodity Indes
DOW JONES AVERAGE
Sept. 1, High Low Ulowe
13000.
"Bépt.6, 1989,"
Unreceived
THE FIRST: FINALU EU
(old)
1
Constractions
* MUST FPUSHI
110
$40
$15
$3.70
$58
#22
$53
350
$7
$3.80
and
$134
$8.90
$14
$74
1.88
$8
4019
100
Business Done :--Unreceived
$17 Kw
Colton Mills
$130 S'hal Cotions (8.)
$43 Zoong Eings (8.)
$48 Wing On Textiles (8.)
Public Utilition
$16) Tramways
$7 40 Peak Traina föld)
$8.70 Peak Trains (106) ́,..
$38 Star Ferrion
Y'mati Parrine
Do. (nàw)
$7.20 Chins Lights (0) $4.90 China Lights (New)
Chins Lifhte kt.
854 H.K. Fltrice
Macso Electclos Sandakan Lighla Telephones fold)... $7.00 Telephones (new) 19/0 †Traétīóna
12/ Tractibios" (pool.) Indisstriais
$14
Cald.; Hang (Ord) B.
18. Cald. Macy. (Fri.) 8.
Canton Com
*1
$1100 Centé
$3.76 Ropeszerzen
Miscellaneous
120 Dairy Farm (Old) $16 Dairy Farm (New)
$6.00 Ch. Rʻtainments
$1.05 Constructiona
$71
Lane Crawforda............
Nanyang Tabooo
$1,350 Bincsés
Ch. 0.5% 19250 $IBde.
$100 Govt. $% Loans.
508
ILK: Goti. 31% LOND
H.K. Wing On vet, S'ha] Widg On
83
Vibro Filing
13/8
3/0
Marsians Inv. (Lab.)
Marsmans Inv, (HK)
"Baleto Bhanghai
$30
$41 March *. 1910
September December
NEW YORK STRAITS TIN
unquoted
deleté
quoted
$7.90
September December
Match
$18.10 May
18.15 B
deleted
23.50/55
5.40 up
17,90/90
19.90/90
19,90/99
2.00
................. 17.88/90
19.88-b
18.88 b.
・自
17.88 B
10.85 b
19.35 B
rotal sales for the day-1.010 toks,
CHICAGO WHEAT
$1.40 September
December
1617761 77/461
déleted
811/814
817/817
$17/817
May
820/821 821/821
Saturday's - sklės:—$6,914,000 bushels.
CHICAGO COEN
September December May
39/497 deleted 50/501 53/331
WINNIPEG- WHEAT
571/571 534/571
631 571/571
573/571
自
October December May
COB
74/74
701b
65jb
73]b
781b
NEW YORK COPPER FUTURES
September
December
9.91b/97a deleted. 10.00/01
11:48/48 11.50/50"
July
unquoted
-11.87b.
NY Silver, Official
unquoted
35-1/2
-NY-London Cross Rate 4.20-1/4
4.07-3/4
NEW YORK HIDES
September
December
$11.40 N deleted 11.74/80 13.30/40
deleted
13.74/74 14.10 b
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