$.10
$0.40 3341
655
(Prices below in Phil. Currency}
311/1
Antamok Ps. 48
Begulo Gold Ps. 244.
Consolidated Mines Ps. 0035
Demonstrations Ps, 29
San Mauricio Ps. 1:80
Suvac Ps 191
United Paracate Ps. .52
$18,55
371
$10.70
$10.40
żsee
$1410
STOCKS
Last Sale
STOCKS
Last Sale
.201
Dec. 3
Dec. 3
and Adams Express
10A
Alleghany Steel Co.
241
U.S. Dollars
Allis Chalmers
451
#
Business was done at 29 1/4 for
Amerada Corps.
701
December and 29 3/16 January. Amer. Can
951
The market closed with sellers at Amer. & Foreign Power
31
Int. Tel. & Tel. Johns Manville Kennecutt Copper Libbey-Owens-Ford Lockheed Aircraft Loew's Inc.
99
PAGE 12 HONGKONG, DAILY, PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS LONDON METALS
DECEMBER 3, 1938.
EXCHANGE
H. K. STOCK EXCHANGE
December 3.
FINANCE
HONGKONG
SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
ON LONDON: -
London. Dec. 2.
Telegraphic Transfer...
Bank Bills, on demand
Credits 4 months' sight 1/3)
ON SHANGHAI :---
UN SINGAPORE: --
On iemand
175 got.
On demand
53
COPPER
buyers £ Standard. Cash 43-1/16 Standard.
Marke: was very firm with an upward tendency. In spite of a further advance in prices to-day shares continue to be scarce,
Buyers
Bayars)] Bellars
Nominal SATURDAY. Salon
Buyere alter
outd
DEC. 3.
MONDAY, DECEMBER 5, 1938.
PAYNE &
COMMODITY BROKERS
| STOCK EXCHANGE BUILDING
CO.
$1330
1380/90
Hongkong Bank, $1380.
sellers
Union Insurance, $485.
£
Douglases, $60,
43-1/8
HK. & K. Waarves, $116,
013
H.K. Banks $1350
Do. (Col. Rag.).................
£83 De. (Lon. Reg.)............
角 Chartered Banka
E177 Karenotila Bks **A**
Marcantile Bk. "C
2811 £83
HONG KONG
..)
£171
£13
COMMODITY MARKET
REVIEW
A
Providents Old), $5.60.
169
Bank of East Asia...
ON. JAPAN
43-5/16
On demand
..... 100)
49-1/2
ON INDIA:
Os Naw You£ : ---
Telegraphio Transfer............
and demand
Bank Bills, on demand +
Credits, 40 days' aight 291
TIN
83
Standard,
.. LEAD
FI
Foreign.
ON BATAVIA:-
On demand
53-3/16
3 months 43-1/4 Electrolytle..... 48-1/2
Cash 214 * 214-/4
3 months 214-3/4 215
Official Price 15-7/16 15-1/2 Foreign. Omcial
H. & S. Hotels, $6.40.
H.K. Lands, $343. Humphreys, $87.
H.K. Tramways, $16.55, Star Ferries, $71.
Providents (New), $5.40. Raubs, $9.10.
N. C. & S. Banka............
#3
Insurances
3416
$200
| Canton InstYENTES.
$485
Union Ipeursnost .................
$182
75c.
Underwritem mestima
49 H.K. Fires ....
0190
(FROM PAYNE & CO.) 2
New York, December 3.
Shipping
$60
180
Douglass ........
$19
China Lights (Old), $10.70, China Lights (New), $10.40. HX. Electrics, $561.
$18
Steamboats.
160
|Tiido-Chinas (Prši)....
024
120
Indo-Chinas (Déf.)..
SPOT
81/0
Shalla
35/0
OS PARIS
3 months 15-5/8
15-11/16
Rank Bille, on demand 1097) Credits, 4 months' sight 1,170
SPELTER
Sandakan Lights, $10.10. Telephones (Old), $234. s Cements, $15.20.
JAN-MARCH
59
Waterboste ---
APRIL-JUNE
Docks. WhaPTOS,
Godowns, ets.
4116
UN SAIGON :-*
Ordinary.
Dairy Farms, $24.
$118
3117
On demand
109]
Watsons! $7. --
$5,K
ON MAHILA
Ometal Price 13-1/2 Ordinary, OMelal
13-9/16
5.60/60
Vibro Piling. $67.
$6.40
H.K. & K. Wbarres... Providente (old)......... Providents (DOW)......
$3.3
3310
$181
On demand
581
ON BANGKOK :-
demand
Suvereign Notes
Bank Buying Rate
TB 1418
Bar Silver per o
20-3/15
Market Report
From Roza Bros.
Silver prices rose on Saturday to the extent of 1,8 fur Ready and
TREASURY BILLS
London, Dec. 2.
1,16 for Forward the quotations The total amount applied for in being 20 3:16 and 19 3/8 respect tenders for £35,000,000- Treasury tively Silver advices reported bills was £74,810,000. speculators
having operated A15
both ways. A small business was done." The market was steady American Silver was quoted at 42 3/4 for Spot,
The London-New York cross-rate was quoted at 488,25. New York- London was quoted at 468, 5:16.
Market
Steady.
Sterling
Nothing doing. There were sellers at 1/3 Cash. 1-2 31:32 December- Jamuary and 1:2 15/16 February- March. buyers at 1/3 1/32 Cash. 13 January-February
31 32 March,
The average rate percent for bills at three months was 17/11.034. against 17,7.80d a week ago.~~Bri- rish Wireless.
China Underwriters, $0.75. H. & S. Hotels, $6.55. H.K. Rupes, $4.65.
Sales
Hongkong Bank, $1380 00. H.K. & K. Wharves, $117. Providents (Old), $5.50 60 HK. Lands, $34):3.
Ateks Ps. 25
Coco Grove Ps. .50
NEW YORK STOCK EXCHANGE
(Through Reuter's Service)
QUOTATIONS
3 months 13-11-1613-3/4 London Dec. 2.
Final Alternoon Transactions
Tin, Standard, Cash £214 sellers Tin, Standard, 3 months: £214- 44 paid and sellcra.
H.K. Govt. 4% Loar. 6 pm. H.K. Govt, Loan. par.
18
$171
$100
Sellers
H. & W. Dooks....
Do. (new)........ Shanghai Docks 8. .... $4.80 New Engineerings B
"
Belldings
H.K. Eotel -
$171 .85
The market opened 1/4 of a cent lower for all deliveries as come.. pared with Friday's closing rates.
sh
In sympathy with easter advices from London and New York the market ruled dull after the opening. Demand from principal consum- ing countries, for "spot" Rubber was moderate, whilst very little ac- tivity was displayed by dealers and speculators, who preferred to await further developments before entering into fresh engagements on a larger scale.
Although business news from USA. continues favourable," particu- larly Motor car-production, yet the market seems to be somewhat affected by outside influences such as the uncertainties with regard to the future trend of the London-New York Cross-rate, fears of further labour-troubles in the Automobile Industry, lower Stock and Com- modity markets in U.S.A. etc., all of which would seem to check any substantial advance in Rubber for the time being. However, in well $1 informed quarters the opinion prevalis that the more distant outlook is very promising, and it is, therefore, recommended to utilize any fur- ther setbacks for conservative accumulation.
Closing tone was quiet.
LONDON RUBBER
buyers sellers buyers sellers
SINGAPORE RUBBER
Dec, 2. buyers sellers buyers sellers Change 27-1/2 27-3/4 27-1/4" 27-1/2 off 1/4 28
28-1/4 27-3/8 27-7/8 Of 23-1/4 28-1/2 27-1/8 28-1/8 'GIT 3/8
Dec. 3
3/8
$31
Mole
· 17,0"
17/0
Kailanskem
38.20
Rauba...
$3
Venasuria Gold Flda.
7 eta.
Hong Kong Mines.......
Lands, Hotels, and
$8.10
H,K. Landı .........8.
8341
$107
Do. 4% Dehzatorë
801
.96
$8.00 Shanghai Landa 8.
Humphreys................
Cotton Mill A
$16.10 Ewon (8.)
181
FI.K. Realties curre
!!
Chinese Estatoil .......................
#16
8102
$110 8
Cottons (8.)
8:24
Zoong Sings (8.)......
$12
Previous close
To-day's, close
940
Wing On Textiles (8.)
Public Cullities
$16 80
SPOT
7-15/16 8
Tramways...
#61
16
|Poak Trams (old)........
'APRIL-JUNE JULY/SEPT
8-1/18 3-1/8
8-1/8 8-3/16
7-15/18 8 8-1/16 8-1/8 8-1/8 8-3/16
Change unchanged
$31
Peak Tram (Dew)......
/71
Star Ferrina ..................
323
123}
Market very quiet,
x{
Y'mati Ferrine C.B.§
1
Do. (08)
China Lighta (old)............... #10.2111
$10.80
NEW YORK COTTON
.!
China Lights (new).....] H.K. Electrics........................... 8174 Macao Electrics. Sandakan Laghts ................. Telephones (old)..
$564
ونده
$9.00
Telephones (new).......
#2!
رونه
Tractions (prof.)
Industrials
421
314
Cald, Macg (Ord.) B.
Glass 524*
813
Cald., Macg. (Post:) 8.
272
$1.70
Canton loca
31520
59
Cement...ENIES
*8465
20 1/4 possibly December, 29 3/16 Ameri & Foreign $7 pf....` January and 1/2 15/18 February. Amer. Locomotive
181
Martin, Glen L
Ropes
$150 $154 34.40
311
Miscellaneous
241
McKesson & Robbins, $3 pf. 382*
824
Dairy Farma 'umorine
$231
buyers at 29 5/16 for cash, 2014 | Amer. Metals
38
Monsanto Chemical
1041
181
Ch. E'tainments ......... $6.2:
first half of January and 29 3/16 Amer. Radiator
101
Montgomery Ward
481
Constructions (old).....
$1.70
first half of February.
Shanghai Dollars
Sellers around 182 for Spot.
Shanghai Market
Quiet. Sellers at 8.7/32 for Spot and 8. 3/16 December. US. Dollars. Sellers at 16, 1/32 for Spot and 15. 31/32 December.
Shanghai Exchange
Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
!
| Amer. Rolling MIII-
201
Nat, Dairy Products
12
Constructions"(naw)....
Amer. Smelling
512
Nat. Distillers
273
SBI
Lane Crawfords.........
Amer. Sugar Ring
23A
| National Gypsum
"141
Nanyang Tobacco...
$34
Further Wall Street selling add a continuance of general liquida- tion sent prices on the down grade. The Franco-Italian political ten- alon and lower cables from the foreign markets were also adverse in- fluences.
NEW YORK RUBBER
Prices opened somewhat lower on unfavourable advices from the primary markets and eased further on tired long liquidation and stop loss selling. Some factory demand appeared later to stem the decline and the market closed steady,
Heavy crop reports from the Southern Hemisphere and the east- ness of the Winnipeg market caused a decline here. Prices later recovered partially on enquiry by mill interests, but finally again de- clined on quidation.
"
CHICAGO" WREAT
1482
National Load
$2
Biacere.......
...32
25i
#
Watsons
$6.80
8*
Nat. Power & Light
7)
11
Nat. Supply Corpn
174.
.pm
331
New York Central
173
psi
Atchison. T. & S. Fe, Auburn Motors Baltimore & Ohio
302
N. American Aviation
15
$38
32*
North American Co.
211
86]
-62
Northern Pacific
10%
71 Ch.G.5% 192507.88ds!
H.K. Gort 4% Loana
} H.E. Gort. H% Loans
H.K. Wing Oa
Ea Hu Onlin Vibeo Piling
16/6 Maramios Inv. (Lon.)
$105
$100
a7
N. Y. Commodity Market
ibl
561
+
Barber Asphalt Co.
183*
Pacific Gas & Elec.
232
30
Shanghai, Dec. 37. Official T.T. Rates
Barnsdall O....
171
Pacific Lighting.
90 is
Marana Inv. (H.K.) Wm. Powells
80 CLE
Bethlehem Steel
-692
Packard Motors
4)
London
New York
Opening
0/8
15-5/8
Boeing Airplane Co.
302
Paramount Pictures
103
Borg-Warner
30
Pennsylvania-RR
197
Biggs M'facturing
29
Phelps-Dodge
413
Japan
50-7/8
Brooklyn-M'hattan
Trans.
131
Phillips Petroleum
401
Paris
Hongkong
Open Market-Selling Rates
Spot December January
. Sterling
U.S. Dollars
5.48 52-3/8
B'klyn-M'haltan 56 cum pf.
433.
Public Service of N.J.
30元
Canadian Pacific
52
Pure Oil
10
*Sales to Shanghai
LONDON STOCK EXCHANGE
# (REUTER'S SERVICE)
London, December 2.
New York Cotton New York Rubber
Mar.
Mar.
Chicago Wheat Chicago. Corn Winnipeg Wheat
- Mar.
May
May
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Levy & Company)
Prev. To-day's High Low Close Close Change
8.25 .8.13 8.30 8:14 16 off 15:32: 15.84 15.91 15.86/8 05 of
604 057 001 651
of + off of
51 501
501 50+
023 62
. 621 62
Case. J.I.
861
Radio Corpn. of Am.
74
Chesapeake & Ohio-
"33
Republic Steel
224
H
Chrysler Corpn.
1787
Reynold Tobac. "B"
435
The following quotations are the middle prices at the close of the market in London. All quotations are subject, tó cónfrmation and no responsibility is assumed for errors in transmission.
NEW YORK COTTON
Morning
Columbia Gas & El
62
Schenley Distillers
י:
19"
Dec. 2
O. & C.
Columbla 6% "A" pf.
747*
-Schenley, 54% pid.
£
Dec. 2
£
Clcsé Opening, Closing
Change
0/8-7/32
Commercial...
561
Sears Roebuck
72
0/8-3/16
Commonwealth & 8. (ord.)
14
Shell Union Oil
141
0/8-1/8
C'wealth & 9. 6% cum pf.
47
Socony-Vacuum Oli
13
War Loan, 31% (Red.
after 1952) Canton-Kloon Ry. 5%
99-18
19
་་
Consolidated Edison
291
Southern Pacific
172
Chinese 41% Gold Loan.
Morning
Consolidated Oil
89
Southern Rly $5 pfd.
371
1898 (Brit: Issue)....... 73-1/2
O. & C.
Continental Can
37
Standard Brands
ཀ :
Chinese 5% Gold Bonds,
Spot December January
16-1/32
15-31/32 15-27/32
Skiver Duty Rate The Central Bank of China's
Continental Oil
274
Stand Gas & Elec.
34
1925-47
71
S'hai Waterworks "A"... 19-1/2* Union Insurancé
........ 31-1/2 Gula Kalumpong Rubber 21/10) Allied Trofounders 20/11 Asso. & Mec. Industries 29/9 Austin Motors,.ord. ... 287- Cable & Wireless, New
December Jahudry (1939) March ( . ) May {
8.55/55
8.53/52
8.38/35
.17 off
8.35 N
8.32/30
8.16/16
.10 off
8.30/30
8.25/24
8.14/15
.16 off
8.10/10 "8.04/05
7.93/94
.17 off
July {
"
...
October Spot
1
7.85/85 7.53/53 *7.50/51 8.75
7.79/82
7.70/71
.15 off
7.39/39 18.59
.14 of
.18 off
Corn Products
63.
Standard Oil of N.J.
501
Chin. 41% Anglo-French
Form, ord.
37-1/2
NEW YORK RUBBER
Curtiss-Wright (C)) -
61
Stone & Webster
131
Loan, 1908
68
B.-A. Tob, (bearer)
100/-
Curtiss Wright "A"
251
Swift International
Chinese 5% Crisp Loan,
Cammell Laird, ord.
7/10)
Distillers Corpn. Seagrams
211
December
15.89b/9ia
Technicolor
201
1912
39
Mexican Eagle
4/101
March (1939)
15.91/91
15.87/87
Douglas Aircraft
687
Texas Corpn.
43
Chinese 5% Reorg. Loan,
Courtaulds
rate on London at 10... to-day
29/-
May
15.01/01
15.88/88
13.83b/873 15.86/86 15.86b/91a
De Off
.05 01
05.017
-Reuter
was 1/2-1/2d, unchanged from yes- terday.
cent.
The Equalisation, rate was 6 per Eice. Bond & Share $5 pt. Elec. Bond & Share $6 pr. Elec. Power & Light $7 pf. Fliritkote
London Exchange
Gen. Electric ........ London. Dec. 3. Paris 177-45/64; New York 4.681; Gen Motors Montreal 4.711; Brussels 27.81: Gen. Rallfáy Signal Geneva 20.62; Amsterdam 8.60): Glidden Co..... Milan 89: Berlin 11.68; Buenos Goodrich (BF.) Aires 20.80. Other rates unchang-Goodrich $5 pf. ed-British Wireless.
New York Exchange
Du Pont.....
145)
Texes Gulf Sulphur
32
1913 (Ldn. Is.).
53-1/2
Distillers
51/3
September
15.96/97
. 15.90b/942
*20 90*
Eagle Picher Lead
131
Trans-America Co.
71
Elec, Bond & Share
10
20th Cent. Fox.
26
Chinese 5% Eter, Notes,
1925 (Vickers)
Dunlop Rubber
October 23/10/
15,97 N
15.91 N
.00 of
13-3/4
Gen. Electric (England) 77/9
Bales for the day:
390 tons
551*
20th Cent. Fox. $1į pf.
35
Chin. Imperial Rs. 5%
Guinness. (A) Bon & Co. 104/6
63*
Union Carbide & Carbon
841
LORD
72
351
Union Pacific
884
Honan Rly. 5%
26
Hawker Siddeley Afrc.... 24/0 Bristol Aeroplane
CHICAGO WHEAT
23/
B
26
United Aircraft.
371
Hukuang Rly. 5%. 1911...
Imperial Chemical Ind.
Gen. American Trans.
534
United Airlines Trans.
111
411
United Corpo.
31
Hukuang Rly. 5%, 1911
(German Issue)
Imperial Tobacco
31/11 December
May 131/10
627/63
601/801
081/66
24
Marks & Sp'cer "A" ord. 57/8
July
80/66
48
United Corpn. $3 cum pl.
331
Lung Tsing & U. Hai Rly.
Rolls Royce
110/-
Friday's Salés:
66/66) 14,070.000 bushels
63/831 651/66 651/651
211
United Gas Corpn.
27
5%
14
Legling Motors
72/3
24
Nnited. Cas I'provement
111
S'hal-N'king Rly. 5%..... 25-1/2
Tate & Lyle
80/-
CHICAGO CORN
22}
US. Rubber
471
Tientsin-Pukow Rly. 5%
Turner & Newall
79/11
68.
U.S. Rubber. $8 pfd.
1048
(Brit. Etpd.)
18-1/2
United Steel
23/4)
December
478/471
47/47
Of
Goodyear Tire & Co. Great.Northern Iron Ore ... Great Northern Rly, pfd. 248 Great Western Bugar .....
32+ 15
U.S. Steet
62
Tientsin-Pukow Rly. 5%.
Smethwick Drop Forg....
17/-
May
Vanadium
24%
(German 8tpd.)
18
Armstrong Stevens, ord.
8/0
July
501/507 50/501 50/501 514/511 514/511 51/512
off
off
Warner Bros. Pict.
51
Tientsin-Pukow Riy, 5%.
Pressed Steel, com
15/7
281
Westinghouse Elec.
114
(Brit. Bipd. Supi, Loan)
18
Vickers, ord.
23/7
WINNIPEG WHEAT
New York, Dec. 3:
Greyhound Corpn.
201
Woodward Iron Cor.
Tiedtdin-Pukow Rly. 5%
Woolworths
57/101
T/T on London
(Opening Rate)
Hecker Products
101
Chase National Bank
291
(Ger, Stpd. Supl. Loan) 18
Anglo-Dutch
26/9
4.88-7/18 Homestake Mining
611
National City Bank
221
-Reuter. Int. Nickel
521
Call Money
1%
bid.
Calcutta Exchange
-ex, div.
Jap. 5% Bter, Loan, 1907, 47-1/2" Jap. 6% Ster, Loan, 1924 $7-1/2. Ger. 7% Intl. Loin, 1924 49° Chartered Bank
Rub. Plant. Invest. Trust 28/9
Burma Corporation Commonwealth Mining. 1/7
8/10/
December May July
COL/600
621/021
024/62
502/504 62/821
of
631/63)
834/631 622/823
of i off
9-1/2
Marsman Investments...
18/6
TT. on Japan
Calcutta, Dec. 3...
-Reuter.
DOW JONES AVERAGE
H.K. & Bhal Bank (Ldn.
Reg.)
53
Randfontein Estates.... Western Holdings
78-5/8
1988
Dec. 4, 1938,
High Low Dow Jones Averages 158.41 98.81 30 Industriala
Dec. 2.
147.57
India Rupee Paper
Bombay, Dec. 3.
98-06-0
Govt. 3-1/2 Rupee
83.18 19.00 30 Baile.
29,37
25.19 X 20 Ulition
21.93
82.70 63.39 40 Boods
89.26
59.00 45.09 11 Commodity Index 49.17
Reuter.
High Low Close Change 147.78 147.10 147.50 1.19 of 1931 200 19.23 - 0 off $1.01 $1.77 $LAS .05 off 89,21 .05 of 47,89 30-up Bükinek Dino-406ời nharoo.
H.K. & 8'hai Bank (Col.
Regi Chinese Eng: & Mining
(bearer)
'Sub-Nigel
84-1/2
Tanami Gold Mining.. Anglo-Iranian
40/9 14/41 December 242/6
March 6d.
93/11
Chosen, Corporation
17/- 7/8
Burmah
85/7/
Shell Trans. & Träd.
March
Pekin Byndicate
(bearer)
82/8
NY Bliver, Official
S'hai Eléc. Cóbistz, Co. 28/- *
*Nominat,
ex-bonus
NEW YORK HIDES: (New Contracts)
11.59 N 11.59 A 11.30b/33 11.94/94 11-87/82 11,70/71
NEW YORK STRAITS TIN
45.80b/48.05a 45.90b/46.20 45.906/46.15d 42-3/4
NY-L'don Cross Rate... 4.68-5/16
42-3/4 4.68-7/16
Reuter,
-