PAGE 12-HONGKONG DAILY PRESS
SPOT
PAYNE & CO.
COMMODITY BROKERS „STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
JAN,-MARCH
(FROM PAYNE & CO.)
"SINGAPORE, RUBBER
Nor. 29
buyera
Nov. 30 buyers sellers.
Change
sellers
26-7/8
27-3/8 27-5/8 27-1/8 27-1/2 27:1/4
27-7/8 28-1/8 28-1/8 23-3/8 27-1/2, 27-3/4. The market opened 1/4 of a cent higher for all deliveries as com- pured with Tuesday's closing quotations.
APRIL-JUNE
Throughout the session the market displayed a steady undertone due to improved conditions prevalling in London and New York. Fair demand for "spot" Rubber induced good enquiries for forward post- tions by dealers and speculators. The better sentiment was also cans- ed by reports of heavy floods in Slam which, it is believed, will ac- centuate the shortage of nearby Rubber. It is assumed that this fact coupled with an improved demand from London and New York might force up prices in Singapore in the near future.
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS |Shanghai Exchange
DECEMBER 1, 1938
ON LONDON:
Telegraphic Transfer.
SILVER MARKETS
LONDON SILVER
London, Nov. 30.
sympathy with an easier dollar. Market steady at the decline, in $1,348
the afternOGN,
"FRIDAY, DECEMBER 2, 1938.
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Sharebrokers
Association
By Batters
Balm Nautza)
THURSDAY.
DEC. 1.
Rapers
Ballers
Ho
Silver-Little génerai selling. in
Banks
Shanghal. Dec. 1
1,345
H.I. Banka...
$1.346
Official T.T. Rates
the market
Do. (al. Beg.).........
London
New York
Opening
0/8 15-5/8
steady but idle.
Do. (Log, Beg.).......
ED
Chartered Banks
Spot
Forward
19-3/8d.
--Reuter.
£17] | Marouatilie Bks. “A”
213
Marcantile Bk
"C
£13
188
Japan
56-7/8
Bank of East Asin ...
$88
176 nom
Paris
5.48
NEW YORK SILVER
N. C. & 8. Banks
Hongkong
52-3/8
Official Rate
New York, Nov. 30.
42-3/4
--Reuter.
Insurancss
$214
$485 | 84091 | 9452]
Canton Insurancés.
1800
Union InsuITEDDES
$1091
*
Underwriters personeseek
$9
5100
H.K. Fires
3180*
Shipping
BOMBAY SILVER
380
99909
Douglass adınırdım
$60
$18
Breamboats aliasematen
$19
180
$80
$24
55/0
Bank Bills, on demand) Credits 4 months' sight 1/3
ON SHANGHAY:----
On demand
ON SINGAPORE:-
ON
On demand
Blank Bille, on demand 1,100 Credits, 4 months' aight 1,180
Open Market-Selling Rates
Afternoon
་་
was
20-1/16d.
Bombay, Nov. 30.
Market-Easy. Offtake, 40 bars.
Indo-Chinas Pr.)........ Indo-Chinas (Daf.)............... 80/0 Shalla ................
10
Wsterbosta................ Docks, Wharves,
Godowns, sie. »
B.K. & K. Wharves... | Providenta (old).....................
15.15 Providents (bew)..................
H.E. W. Docks....
Do. (new).
$100 |Shanghai Dooka 8. .......... $4.80 New Kaginearings &
Mining
17/0 Kailana ........
Karbs"........ Vaneznaja, Gold Fids. cta. Hong Kong Min.....
ON JAPAN:-
Sterling
up 1/2
On demand
1001
Morning
up 5/8) ON
INDIA:---
Opening Closing
up 5/8
Talegraphic Transfer...)
83
་
and demand...)
ON. NEW YORK-
Spot December January
0/8-5/32 0/8-5/32
0/8-1/8 0/8-1/8. 08-3/84 0/8-3:84|
Indian Mint Silver
Bank Bills, on demand Credits, 60 days' night 29; BATAVIA:-
Ready
51-02 51-06
Opening Closing
Dec. 17 Settlement
51-02 51-00
On demand
631
ON PARIS:-*
Spot December January
08-11/80/8-7/32 Jan. 16 Settlement
51-00 50-13
8/8-9/64 0/8-3/18 078-5/84
-Reuter
$114
078-1/8
Unofficial
Last To-day's
U.S. Dollars
Price Price
IB
$171
Afternoon
Ready
51-00
50-14
...... 140
*S
Społ December January
$15-29/32 315-29/32 Dec. 17 Settlement 51-00 15-27/32 15-27/32 Jan. 16 Settlement 50-15 15-11/16 15-11/16
50-14
50-12
Market-Dull,
19.10
Afternoon
83
149
Spot
$15-15/16 $10-1/32
December
15-7 3
Bank Buying Rate Bar Silver par os.
161 16
January
116
was 1/2-1/2d, unchanged from yes-- terday.
36.30
$8.45
$8 30
834)
334)
Merchant Rates
Sterling
0.8-1,8 $15-7/8"
The Equalisation rate was 5-1/4 per cerit.
3107
-Reuter.
It is, however, well to bear in mind that the Singapore market is following London and New York, where conditions would seem to be largely governed by outside influences, such as the European political situation, the trend of the London-New York Cinss-cate. the move-. ments of the London and New York Stock-markets etc.
After a fair volume of business having been transacted at quoted 'rates. the market closed with a quiet, but steady undertone.
ON SAIGON:-
On demand
Os MANILA:--
On demand.. "ON BANGKOK:-
On demand Sovereign Notes
Silver Duty Rate
15-31/32 The Central Bank of China's 15-13/18 rate on London at 10 am to-day
15-23 32 Market-Quiet but steady.
::
3134
30.10
$18
4171
185
170
$9,30
Lands, Hotels, and Balldings
H.K. Hotels mayroo #K. Land... Do. 4% Debatures
$8.00 Shanghai Lando 9. 801
H.K. Realtion ................
$8.35
$341
$100
$51
Humphreys
180
Chinese Estates ...........
New York, November 30.
New York Cotton
Dec.
8.68
New York Rubber
Dec.
16.07
15.85
Chicago Wheat
Dec.
621
£.64.. 864 15.77 611 611
8.68 .04 up 18.07 30 up
LONDON RUKBER
Previous close
SPOT
buyers sellers buyers' 7-15-10
To-day's close
selters
JAN-MARCH
APRIL-JUNE
JULY-SEPT.
% 7-15/16
8-1/16 8-1-168 8-1/16 P-1/8 8-1.1G 8-3/16 8-1/8 2-17/4
8-1/4 8-1/8
Change
unch.
Market featureless.
NEW YORK COTTON
Early in the day, the market moved within narrow mits, with higher Liverpool advices and covering being partially off-set by liquidation. Later, however. prices advanced on firmness on Wall Street and on Trade and foreign buying and the market finally closed steady
NEW YORK RUBBER
The market opened quietly higher on better cables from the for- eign markets and prices advanced further under the Influence of the firmer trend on Wall Street and on moderate commission-house buy- ing... Later, prices additionally hardened on buying by foreign in- terests and by the Trade and all offerings were well absorbed.
CHICAGO WHEAT
After opening steady, the market gradually lost ground under the „pressure of liquidation, lower Liverpool advices and professional sell- Ing. Later, in the day, good absorption of dealer offerings was QT- set by indifferent reports from the foreign markets.
N. Y. Commodity Market
By Courtesy of Messrs. Swan, Culbertson & Fritz and
S. L. Levy & Company)
Prev, To-day's
Market Report
From Roza Bros. Sliver prices dropped yesterday to the extent of 3/18 for Ready and 1/8 for Forward, the quota- tions being 20 1/16 and 19.3/8 respectively. Silver advices re- ported the market as being steady with a little general selling. American Silver was quoted at 42 3/4 for Spot.
The London New York cross- rate was quoted at 488: 12. New York /London was quoted at 488. 7/18.
Market
'Steady but extremely dull.
Sterling
There were small selfers at 1/3 Cash, 1/2 31/32 December, pro- bably January and 1/2 15/18 Feb- ruary March. buyers at 1/3 1/32 Cash. 1/3 December /January and 1/2 31/32 February March:
U.S. Dollars
Quiet. There were sellers at 29 1/4 for first half December, 29 3/18 December and 29 1/8 Feb- ruary, buyers at 29 5/16 Cash, 29 1/4 early January and probably 29 3/18 February.
Shanghai Dollars
182 3/4.
I
Shanthal Market
Sellers were quoted at 8. 11/84 with business done at 8. 3/16 for Spot. U.S. Dollars, sellers at 15.
at
High Low Close Close Change 29/32 December, buyers
15/16 December.
U.S. Dollars
NEW YORK
STOCKS
STOCK EXCHANGE ·
(Through Rauter's Service)
QUOTATIONS
་་་
Last Sale
Cotton Mil
|$16.60) Kwos (8.) monumenia
3100
8'hai Cottons (8.)
900
$24
Zoong Bings (8)
$40
Wing On Textiles (8.)
$40
Public Utilities
་་་
{Tramways
ALPINESTAR
$:61
Peak Trams (old)............
G
Last Sale
STOCKS
$31
|Péak Trama (D@W)...................
Nov. 29 30
Nov. 29 30
$
Star Ferrias
171
Adams Express Alleghany Steel Co. Allis Chalmers ...................... Amerada. Corps. 71 Amer. Can ..... Amer. & For. Power Amer. & For, $7 pt.
CAROL
101 102
Homestake Mining.
61608
$23
¿Y'mati Férvias €7.3.8
$231
3221
231.
251
Int. Nickel
521 531
$10.40
451
47
Int. Tel & Tej..
BE
10.30
***
72
Johns Manville
091 101
Ak
98
981
Kennett Copper
· 431
431
31
3;
Libbey-Owens- Ford
161
17
Glass
5
521
Amer. Locomotive. 247
*
254
Lockheed Aircraft
:::::
271 29
23,
Amer. Metals ......... Amer. Radiator Amer. Rolling Mill....201 Amer. Smelting..... Amèr, Sugar Ring... 243 Amer. Tel & Tel Amer. Tobacco "B" 851* Amer. Waterworks
38
383
Loew's Inc.......
571
59
5.0
Do. (new)
China Lights (old)...... 810.69 bina Lights (new)..... 910
H.K. Electrica.3554
817Macao Mlectrica
$10.
...
Bandakan Lights .........
Telephones (old)........
$3.60 Telephones (Dew)...............
Treciate immuunsere
Tractions (pref.)
161
168
Martin, Glen L. ....
311
321
Industrials
214
McKesson & Rob-
314
Cald., Macg. (Ord.) B.
518
521
bins, $3 pi.
361* 37
$18
Cald., Macg. (Prof.) 8.
237
Monsanto Chemical 1014
102
1443
1483
Montgomery Ward...
481
403
861
Nat. Dairy Products 121
121
$1.70 Canion loss
915,35 Cements
84.65opos
MiscellaneoZS
$15
14.40
123
123
Nat. Distillers
27
29
823
Dairy Farms
Anaconda Copper ... Atchison, T. & B. Fe. Auburn Motors ...... Baltimore & Onto ... Barber & Co. .................... Barnsdall Ol Bethlehem Steel ..... 711 731 Bacing Airplane Co.
328
341
|National Gypsum
131
14
9431
$8)
37
382
National Load
251
261
31
31*
Nat. Power & Light
7
3
62
71
Nat. Supply Corpn.
171
18
184
182
New York Central
171 183
--
$2
17
131
N. America Aviation
151 16)
$0.80
36.55
+1
North America Co.
201
221
*.*.
301 - 323
Northern Pacific.....
11
11
pm
Borg-Warner
30
311
Pacific Gas & Elec
281
281
pal
Briggs M'facturing
29
30
Pacific Lighting......
401
40
336
Brooklyn-Mani attan
Packard Motors ......
41
43
Trans.
141
13?
Paramount Pictures
10
111
15/
Brooklyn-Manhattan
Pennsylvania R.R.
191
21
20
Ch. E*tainmenta 导
Constructions (old).............. Constructions (new)........
Lane Crawford.........
Nanyang Tobac00...... Sincerosesnymise
Watsons.
Ch. G.5% 19253.3Bda. H.K, Gort. 4% Loara H.K. Gori 31% Logas H.K. Wing On B'bai Wing On........ Vibro Pilingmyun Maramans Inv. (Lon-} Maramans Inv. (HK)
$8.20
1.70
74%
$106 $100
$37
$6 cum, pf.
451
45A-
Phelps-Dodge.....
404
42
15.
Canadian Pacific
51
1.81
Phillips Petroleum ...
401 404
90 ct. W., Powalls
*Bales to Bhanghai
90 cta.
Case. JI......
90
891
Public Service of N.J.
311
311
AFTERNOON MARKET
Chesapeake & Ohio
333
348
Pure Of .........
91
101
614
Chicago Corn
Dec.
473
403 471
Winnipeg Wheat
Dec.
-591
581
587
47 581
1 oft of
The market was quiet in the afternoon.
..
NEW YORK COTTON
Close
Opening Closing
December
8.64/04
8.66/66
January (1939)
B.46/46
8.45/44
8.88/68 8,50/50
March
8.43/43
8.43/43
8,46/46
8.23/23
8.23/23
8.21/27
May
July
}
7.99/99
7.98/98
8.01/02
October Spot.
7.67/87
*7.87/67
7.71/71
8.64 N
2.96 N
- Sterling .. The market closed with sellers at 1/3 first half December. 1/2
December Change 31/32
/January and February /March, 15/16 .04 -up/1/2 .04 up buyers at 1/3 1/32 Cash, 1/3 De- .03 up cember January and 1/2 31/32 .04 up February March .02" up .04 up1 .32 up
Chrysler Corpa....... Columbla Cas & M Columbia 8% "A" pf. . 77 Commercial Credit... Commonwealth & 8. 1+ Commonwealth & 8.
6% cum pr.
441 Consolidated. Edison 30 Consolidated Cu Continental Can Continental 011 Corn. "Products
781
.811
Radio Corpn. of Am
74
72
09
6%
Republic Steel.
217
231
LANCASHIRE COTTON
77
Reynold Tobac. "B"
43.
441
57
59
Schepley Distillers
194
201
11
Schenley, 51% pid...
Sears Roebuck
72
731
+
45
Shell Union Oil ..
147
-147
30
Socony-Vacuum 'Ofi
137
13
81
82
Southern Pacific
171
18
391
384
Southern Rly $5 pid.
267
281
29
29 Å
Standard Brands ....
67
7
621..
63+
Stand Gas & Elec.
.31
32
U.S. Dollars
NEW YORK RUBBER
December March
-15.77/77
15.85/35
(1939)
15.75/76
15.90/91
May......
16.77/81
15.95/94
September
15.84/84
October
15.85 N
16,07/07 18.06/07 16.08/08 16/09/10 16.12/12
29 uzp
.25.. up
Sales for the day-
2,700 tons
The market closed with sellers at 29 1/4 first half-December, 29 3/18 December first half Jan- vary and 29 1/8 January, buyers .03 up at 29 5/16 Cash, 20 1/4 Decem- 31 up ber and 29-3/18 February.
Shanghai Market
Firm. Sellers were indicated
27 up for Spot at 8. 7/32 and U.8. Dol-Elec. Bond & Share
lars at 16. 1/32-for Spot.
Curtiss Wright (C) Curtis Wright "A" Distillera Corp. Sea-
61
Standard Oil of NJ. 502
514
25
261
Stone & Webster
127
132
最
Swift International
28
28
grama Douglas Aircraft Du Pont
201..
211
Technicolor.
21 201
47
70
Texas Corpn........
421
431
142
146
Texas Gulf Sulphur 32+
323
Eagle Picher Lead 113 Elec. Bond & Share Elec. Bond & Share · **
$5 .......
111
Trans-america Co.... 7:
91 107
20th Cent. Fox.
254
281
561*:
571
do. $1 pt. Union
Carbide
Carbon .........
**
83
46 pt.
048
851
Union Paclit
901
92)
China.
Elec: Power & Light
United Aircraft
371
38
CHICAGO WHEAT
New York Exchange
$7 pi........
341
361
United Airlines Trans 114
12
December
May July
611/82 611/621 651/851 658/651 652/651
014/011 651/051 65$/051
ofI off
Flintrote
25
281
United Corpn. ........ :31
31
Tuesday's Sales:-
15,010,000 bushels
New York, Nov, 30, of T/T on London
(Opening Rate)
Gen, America Trana 514
531
United
Corpn.
13
Gen. Electric ...... 412
431
cum. .pf.
321
341
4.87-1/1
Gen. Motors
47
491
United Gas Corpn. 2*
..
-Reuter.
Gen. Railway Bignal 213"
217
ijn. Gas I'provem't 11
111
December
May July
CHICAGO CORN
470/474 472/471 512/521
Gildden Co,
24
244
U.B.. Rubber
-472-
491
47/47!
of Calcutta Exchange
Goodrich" (B.F)
217
23
U.8. Rubber $8 pfd... 1031
105
Goodrich $5 pl.
364
68
U.A. Steel
621
848 "
51/511
***** 621/521
51/502 512/512
of
Calcutta, Nov, "30
Goodyear Tire år Co.
314
33
Vanadium
237
26
off, on Japan
78-5/8 Great Northern Iron
Warner Bros. Pict.
51**
61
Reuter.
December
May July
WINNIPEG WHEAT
581/59
Ore Great Northern Rhy. 244.
141.
143
Westinghouse
Elec. 114
114
-251
Woodward Iron Cor. 244
251
Notes in circulation
50/59
684/583
off India Rupee Paper
......017/017
612/811
611/611
621/621
off off
Bombay, Nov. 30. Indian 34% Rupee
98-05-0
Great Western Bugar 281 Greyhound Corpa 19 Hecker Products
201
Chase National Bk.
201
(including Notes
201
National City Bank
222
held in the Bank-
101
11
fall Money
1%%
-1%
tex, diy,
• bid.
ing Department) 21,018 · 21,034 | Rupee Coin and Bul-
December March
December
NEW YORK HIDES: (New Contracts)
11.68b/85a 12.00/02 .12.17/12.22 12.38/38
NEW YORK STRAITS TIN
45.50b/800 46.10b/308
NY Silver, Offelal..... 42-3/4. NY-L'don Cross Rate.., 4.65-3/4
DOW JONES AVERAGE
11,98 N
48:15b/25a 42+3/4: 4.68-7/16
LONDON GOLD"
London, Nov. 30.
Nov. 30
Bar Gold, Fine per oz....... 149/1 Dollar Parity: 1d. premium, 1/2d.
* premium.
-1918
High Low Dow Jones Averages
158.41 98.96 30. Industriais
Nov, 29, 147.07
83 19 190020 Raile
19 16.14 30 Utilis
29.06 21.84
99.70 83.29 40 Bendis
89.12
69.00 44.03 11 Commodity Index $7,97
-Reuter.
Dec. 1, 1938.
Change Securities (Indian High Low Close 149 97 147.68 149.52 2.70 up 29.80 29.10 29:76 70 mp $9.20 91,85 22,15. "51 up 09 др 89.41 48.34 "Business Doño: 980,000 shares.
ilon in India Gold Coin and Bul-
lion in India
4,154
4,154
Government) Securities (British
Government)
3,238 3,235
6,216 6,216
35 up
(Figures in lakhs of Rupees)
-Reuter.
DISCUSSION IN COMMONS
London, Dec. 1
the in
cotton Conditions trade as affected by Japan and
India were pui in the forefront of arguments of speakers in the House of Commons yester- day.
The discussion started when Mr. H. Sutcliffe, (Conservative, Roy- ton) drew attention to the need of
GOLD RETURNS,
TO FRANCE
Paris, Nov. 30 The Ministry of Finance an- nounces that 100,000,000 francs worth of gold had returned to France this morning, thanks to the general strike having been fore- seen yesterday evening.
Sterling is quoted at 178.36 against 178.48 yesterday, while for- ward premiums were contracted from 50 to 20 centimes for one month, and from 185 to 150 cen- times for three months.
On the Bourse, Bank of France adopting an active policy for de-shares jumped by 600 francs to 9,000 francs, which is the highest velopment of the export trade...
Mr. H. W. Kerr (Conservative, quotation of the year, while Rentes a good de- Oldham) supporting, declared that and Industrials had Britain could not accept Japan's mand-Reuter.
41
841 refusal to allow her to trade with CUBA AND U.S.
The Lancashire cotton trade was
in a terrible plight, Lancashire had
Washington, Dec. 1
The State Departament panoun-
her most formidable opponent in ces its early intention to negotiate Japan, but Lancashire must streng-a supplementary trade agreement then all her muscles and use every with Cuba, available source to meet that com- petition-Reuter.
RESERVE BANK OF INDIA STATEMENT
Calcutta, Nov.-30.
Nov. 18 Nov. 25
Sugar, tobacco, potatoes and rum will be the main eommodities affected.
It is emphasised that general re- vialön for the current trade ¿gree- ment la not contemplated.
The negotiations will be directed simply to additions and modica- tions of the existing agreement.— [Reuter.
REICHSMARK QUOTATIONE
7,125 7,140 The Reichsmark
without guarantee at:
New York, 40.07
Paris, 1535
Amsterdam, 78.60 to 73.68:
London, 1157.
Paris Sterling, 178.3 to Paria' U.S. Dollar, 38.24-Transocean
rl
quoted
178,30
· 38.23
to