LONDON METALS
EXCHANGE
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS, ASSOCIATION
Ordinary,
175 13:0
PAGE IZ-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS | Löndon Exchange
DECEMBER. 12, 1938
ON LONDON:-
Telegraphic Transfer... Bank Bills, on demand/
Credits 4 months' sight 1/31
ON SILANGHAL:-
On demand
London, Dec. 10.
Paris, 177-29/32. New York, 4.67). Montreal, 471). Brussels, 27.78. Geneva, 20,
Rio de Janeiro, 7.
London. Dec. 9.
STOCK EXCHANGE
COPPER
Buysen) Ballery
Sale Nomlan
Standard, Cash 42-7/8 Standard,
buyers sellers
£
£
42-15/16
MONDAY, DEC. 19
Buyers Ban
1380
Bank
H.K. Banks
Amsterdam, 8.591.
Electrolytic
ON-SINGAPORE: --
Milan, 88-13/16.
On demand
531
Berlin, 11.50.
3 months 43-18 48-34
TIN
43-3·16 49-1/2
ON JAPAN:-
Buenos Aires. 20.01.
ARI
On demand
106
British "Wireless.
Standard, Standard,
Cash 213-3,8
"213-1/2
4-1
ON INDIA:-
3 months 214-14
214-1/2
Telegraphic Transfer..
and demand
ON NEW YORK:
Bank Bills, on demand 29-16/10 Credits, 60 days' sight 29-7/16
OX BATAVIA:-
On demand
ON PARIS:-
63:1/16 Calcutta Exchange.
Bank Bill, on demand 1095 Credits, 4 months' eight 1150
Calcutta. Dec. 10. T.T. on Japan," 78-5/8-Neuter.
New York Exchange
LEAD
213 Mercantile Bks. "C"
Bank of East Asin ... N.C..& 8., Banks..... Insurances
Union Insurances......
76 cta Underwriters ..................
New York, Dec. 10. TT. en London Opening Ratë). 4.57-3/8--Reuter,
Foreign,
Official Price 14-13/18 14-7 8 Foreign, Offelal
360
81380
Do. (ol Reg.)...... D (Lon. Beg.........
£83
EN1
Chartered Banks ....
£01
E
Maresatile Bka. “A”
£87]
£13
$48
#2
210
$210
Censon Insurances..................
3487
100
70 ct.
319
Fires
1-0
Shipping
Dongliste .....
$60
$18
Steamboats
$19
է:
3 months 15
SPELTER
15-1/16
نيا الا الله
Indo-Chinsë (Pr.),...
$80
Indo-Chinas (Def.)................
124
150 7 Shells......
380/7
Waterbosta
SPOT
Docks, WharPER,
JAN-MARCH
Official Price 13-3/8
13-7/10
Godowns, sti
APRIL-JUNE
ON SAIGON:-
Ordinary, Oficial
17.K. & K. WhArvos........
3117
On demand
100)
India Rupee Paper
3 months 13-5/8
13-11/16
$0.80
OS MANILA:-
Providents (old)......... Providents (
$5,80
On demand
ON BANGKOx; -
Bombay, Dec. 10. Indian Government. 3-1/2 cent. Rupee, 98-02-6-Reuter...
$18
H.E, & W. Docks....
#17)
per
#17
Do
{B}.......
On demand
140
100 Shanghai Dooks §..... 1550 New Sngineerings Bl.
Mining
$171. 1101
131
Sterling Notes
Bank Buying Rate
Bar-Silver per os.
1/31/16
20
Berlin Exchange
*9.10
Raube
Reuter..
$3
19/3 Kailans.......
Venezuela Gold, Bla
7ets Hong Kong Mines.................
Lands, Hotels, and Balldings
36.70 H.K.Hotels
H.K. Landa B. $35)
18/3
$9.90
::
Market Report
From Roza Bros.
Silver prices dropped 1/16 over
the week-end for both deliveries,
Berlin, Dec, 10.
The Reichsmark was quoted.
without guarantee, at:-
New York. 40:035.
Amsterdam. 73.77.
London, 11.65.-Transocean.
the quotations being 20 for Ready Paris Exchange
and 19. 7/10 for Forward. Sliver
advices reported the market
15
London. Dec. 10.
Final Afternoon Transactions
Tin, Standard. Cash, £213-3/4 paid and buyers.
Tin, Standard. 3 months. £214- 34 paid and sellers.
BENGUET DECLARES EXTRA DIVIDEND Benguet Consolidated Mining Company has declared two fourth- quarter dividends in addition to
the regular, dividend of 30 cen-
being steady. India was a small Sterling was quoted at 177.36 totavos per share, Benguet will seller, American Trade bought.177.41. American Silver' was quoted at 42 3/4 for Spot.
The London New York cross- rate was quoted at 467. 25.
New
York /London was quoted at 487. 1/2.
Market
Steady but extremely dull.
Sterling
Nothing doing. There were scl- lers at 1/3, December, 1/2 31/32 January March and 1/2 15/16 April/June, buyers at 1/3 1/32 Cash /January.
pay an extra 20 centavos per US Dollar at. 37.97 to 37.99. share for the final quarter of 1938, Transocean.
a total of 50 centavos per share.
@17.10
817.20
8714
NEW YORK
STOCK
EXCHANGE
STOCK'S
1/3 February Adams Express
March and 1/2 31/32 April/June. Alleghany Steel Co.
U.S. Dollars
Allis Chalmers
Amerada Corps.
Sellers at "29 3/18 December Amer. Can
(Through Reuter's Service)
QUOTATIONS
Last Bale
first half January, 20 1/8 January. Amer. & Foreign Power probably first half February and Ameri & Foreign pi.. 29 1/16 first hall. March, buyers Amer. Locomotive
at 29 1/4 December, 20 3/16 Jan-Amer. Metals Co. uary, 29 1/8 first half of March Amer. Radiator and 29 1/16 first half of April.
CR
**
H.K. Beslties serveusemen
Humphreys .....................
Chinesa Estaten
Cotton Mill
TUESDAY, DECEMBER 13, 1938.
PAYNE & CO.
COMMODITY BROKERS" STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNĖ & CO.),
New York, December 10.
SINGAPORE RUBBER
Dec. 9 buyers sellers 27-3/8 27-5/8 27-3/4 28
Dec. 10
buyers sellers Change 27-3/8 27-5/8 unch. 27-3/4 28 23-1/4 28 23-1/4
28
The market opened 1/8 of a cent biger for all deliveries as com- pared with Friday's closing quotations.
Throughout the session the market ruled steady, thus responding to improved conditions prevailing in London and New York. Good equires for "spot" Rubber Influenced fair buying interest in futures by dealers and speculators Reports from U.S.A. on continued satis- factory progress in Motorcar-production coupled with estimates of in- creased Rubber-consumption for November-December were bullish factors. However, the unsettled situation with regard to Sterling is still exercising a restraining influence upon, the market.
Closing tone was quiet
U.K. Board of Trade statistics for the first ten months of the year, compared with the corresponding period, "of the two previous years, are as follows:
Iniports-January-October
$1071 Do. 4% Dehzatura
$8!
B
Stus
86
1930 Shanghai Lands 8.
$8.50
:..
Exports-January-October Stocks-31st. October
1938 151.239
1937
1938
109.518
55,845 tons
24.000
41,127
57,351
03,092
51,792
96,515
CLAB $172
8.020 3.4
LONDON RUBBER
$49
Previous close
To-day's close
Buyers
sellers
buyers sellers
SPOT
7-15/16 .8
APRIL-JUNE
3-1/3
8-3/16
8 8-1/8
8-1/16
Change up 1/16
8-3/16
unch.
B
น
JULY-SEPT
8-3/16 8-1/4
8-3/18 8-1/4
unch.
Market Steady But idle.
$10.00 (8.) ..................... $109'hai Cotions (8.) ----- $24
Zoong Sings (B.)
Izá
Szal
Wing On Tuxsien (8.).
Public Välities Tramways...quen Peak Trams (old).............. Peak Trama (S&W)..............) Star Forria..............
·Y'mati Porrien C.R.B
Da.
(DWW
#17.10
3101 Chins Lights (ald)...... $10) 310.70 $10.50 China Lights (new).....
H.K. Electrics........
$17Macao Electrica.
Sandakan Light ....................... 231 Telephones (old)........................... $5.60Telephones (new)..............
21,3 Tracki
28,0
Tractions (pref.).......
Indüstrials
MiscellancoME
$101
$58
$13
$8
$58
$10.8%
STOCKS
Last Bale
Dec. 10
Dec, 10
101
241
451
GB1"
95"
Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford Lockheed Aircraft
9
101
-421
$14
| Cald., Macg. (Ord) §.
Glass 512
$13
| Cald., Marg. (Prat.) 8.
291
$1.70 Canton Ice
8160
16
Commente
$152
3
Loew's Inc.
58
$4,65
18
Martin, Glen L
Bu kapsam
$4.40
I
311
25
McKesson & Robbins. $3 pt.
8.15
Dairy Farma
$26
381.. Monsanto. Chemical
1041
6.30
Ch. E'tainments
$6.30
+
181
Montgomery Ward
504
012
Constractions (old)..... $140
Amer. Rolling Mill
20
Nat. Dairy Products
Constructions (now)..........)
121
Shanghai Dollars
181 3/4.
Shanghai Market
Amer, Sting and Ring Co.
501
Nat. Distillers ..
พ.
$81
Lane Crawford.........
$81
Nanyang Tobacon......"
$34
Amer. Sugar Ring
211
National Gypsum
144.
32
Sinceros..
$2
The average forecast of last week's stocks of rubber in London and in Liverpool shows a decrease of 1,400 tons.
NEW YORK COTTON "
Favourable Liverpool advices influenced a higher opening in the, Cotton market to-day, which later, was further strengthened by local and Bombay buying. Finally, the market closed steady.
NEW YORK BUBBER
The market riled steady but relatively idle, owing to lack of in- centives and support. Prices were narrow and trading was somewhat uninteresting.
CHICAGO WHEAT
The market was depressed early in the session by lower cables, Iquidation, unfavourable weather reports, poor milling demand and an easier corn market.
Amer. Tel. & Tel..... Amer. Tobacco “B”
1481
National Load
271
$7
86
Nat. Power & Light
7
72%
Cb. G.5% 1925G.Bda.
Sterling
US Dollars
Opened with sellers at 8. 7/32 Amer. Waterworks but later the rate was quoted at Anaconda Copper. 8. 15/64. U.S. Dollars opened with Atchison. T. & S. Fe. sellers at 16 and closed at 16. 1/32 Auburn Motors for Spot, Steady.
AFTERNOON MÁRKET The market was dull in afternoon.
The market closed with sellers Biggs M'facturing
at 1/3 December, 1/2 31/32" Jan- Brooklyn-M'hattan Trans. "121 uary March and 1/2 15/18 April | B'klyn-M'hattan $6 cum pr. June, buyers at 1/3 1/32 Cash Canadian Pacific R'way.... /January. 1/3 February March Case, J.L
and 1/2 31/82 Aprü /June.
The market closed with sellers Columbla 63 "A" pf
117
Nat. Supply Corpn.
137
8.pm
B.K. Gori. 4% Loans
72%
$106
331
New York Central
171
$36
H.K. Wing On
H.K. Gort. 33% Loan $100
37
361
N. American Aviation
161
B'bai Wing On
N. Y. Commodity Market.
311
North American Co..
214
$7
Vibro Piling
.7
Baltimore & Ohio
61.
Northern Pacific.....
304
16/3
Maramans Inv. (Loa.}
Barber Asphalt Co.
181
Pacific Gas & Elec."
28
2/0
Marsmana lev. (H.K.)
Barnsdall O!!
171
Pacific Lighting
GO Cla
Wm. Powaile.....
401
190 c
the Bethlehem Steel
*Sales to Shanghai
711
Packard Motors
41
(By Courtesy of Messrs. Swan, Culbertson & Frits and 8. E. Levy & Company)
Boeing Airplane Co. Borg-Warner
31
Paramount Pictures
121
30
Pennsylvania R.R.
191
LONDON STOCK EXCHANGE
Prev. To-day's
281
Phelps-Dodge
42
High Low
Phillips Petroleum
401
New York Cotton
Mar.
8.12
8.30 8.14
Close Close Change
8.23 11 up
401
Public Service of N.J.
291
(REUTER'S SERVICE)
New York. Rubber
Mar.
15.12 16.09 16.02
18.08b 04 up
54.
Pure Oll
10
88 *
Radio Corpn. of Am,
71
Chesapeake & Ohio
33
Republic Steel
221
Chrysler Corpn. Columbia Gas & E,
79
Reynold Tobac.' "B" ......
44
London, December 10. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
Chicago Wheat Chicago Corn
Mar.
- 671 667 671 67
i on
May
ין
Winnipeg Wheat
May
531 522 53+ 521 837 831
off
631
634
i up
Schenley Distillers
171
£
$
NEW YORK COTTON
77
Schenley. 54% ptd.
752"
at 20 3/16 December Arst half Commercial
57
Gears Roebuck
*731
January. 29 1/8 Brst half February Commonwealth & 8. (ord.) and 29 1/16 Arst half of March,c'wealth & S. 6 buyers at 29 1/4 December, 20 8/16 Consolidated Edison January, 29 1/8 February and pro- Consolidated On bably 29 1/16 March.
1
Shell Union Oil .....
131
War Loan, 31% (Red.
after, 1952)
98-1/8 Canton-K'loon Rly. 5% 18-1/2
cum pt.
45
Socony-Vacuum Oll
Chinese 41% Gold Loan.
S'hai Waterworks "A"... 19-1/2* Union Insurance
31-1/2* Gula Kalumpong Rubber 20/7 Allied Ironfounders
19/61/
Close
Opening
Closing
Change
December
8.31/31
8.33/33
8.38/36
07 up
January (1939)
8.18/20
·8.22/22
8.29/29
.11 up
28
Southern Pacific
171
81
Southern Rly $5 pfd.
291
1898 (Brit, Issue)....... 74 Chinese 5% Gold Bonds.
Continental Can
Continental Onl Corn Products
Curtiss Wright: (C)
Curtiss Wright "A"
Distillers Corpn. Seagrams 197
Douglas Aircraft
Du Pont de Nemours
Eagle Richer Lead
Opening
Elec. Bond & Share
London
0/8
Elec. Bond & Share $5 pf.
15-5/8
Elec. Bond & Share $6 pí.
Japan
58-7/2
Elec. Power & Light $1 pf.
5.48 Fintkote ...
Gen. Electric
Gen. Motors
January February
Spot
0/8-1/8
Goodyear Tire & Co.
Great Northern Iron Ore Great Northern Rly, pfd.
*bla.
-1938
Sher Dollars
Sellers at 181 3/4.
Shanghai Exchange
Oncial T.T. Rates
Shanghai, Dec. 12.
New York
Paris
Hongkonяgions
53-3/8 Gen. American Trans.
Open Market-Selling Rates, Sterling
Spot December
Gen, Railway Signal
Opening Closing 0/8-7/32 0/8-15/84 Glidden Co. 073-7/32 0/8-7/32 Goodrich (B.F.) 0/8-11/64 0/8-3/16 Goodrich $5 pr.
U.S. Dollars
$16. December..... 15-31/32
January
February
15-7/8
Market.--Quiet.
Merchant Rates
Sterling, 0/8-3/10
US. Dollars, $15-15/16.
Silver Duty Rate
$15-1/32 Great Western Sugar.....
10 Greyhound Corpn. 15-29/32 Hecker Products
15-25/32 Homestake Mining | Int. Nickel
'The Central Bank of China's rate on London at 10 am to-day "was", 1/2-1/24, unchanged from
Baturday
The Equalisation rate Was's ber
cent
-Heuter.
DOW JONES AVERAGE
High- Low Dow Jones Averages 158.41 98.88 20 Industriala
83.18 19.00 O Raile 25.19 (5,1490 Utilitsen 99.70 82.39 40 Bonds
58.00 46.03 11 Commodity Index: 47.80.
20 n .13.ap
Pekin Syndicate..... 68 67 S'hai Elec. Constr. Ca.
47.64 Business Don-410,000 shares
381
Standard Brands
61
1925-47 ....
32
72
Asso, & Elec, Industries 39/- Austin Motors, ord. Cable & Wireless, New
March » }
8.12/13
8.17/17
8.23/24
11 up
24/41
May July ()
()
7.94/96
7.97/98
8.06/06
12 up
7.30/70
7.70/69
7,76/16
.00 up
281
Stand Gas & Elec."
3
621
Standard Of òf 'N.J.
304
Chin. 44% Anglo-French
Loan, 1908
Form, ord.
68
B.-A. Tób, (bearer)
34 97/6'
October (} Spot
7.23/33
7.39/37
7.44/46
.11 up
8.57 N
8.68 N
11 up
81 Stone & Webster....
134
Chinese 5% Crisp Loan,
Cammell Laird, ord.
7/3
CUAN
251
Swift International
271
1912
38-1/2
Mexican Eagle
NEW YORK KURBER
4/9
Technicolor
20
Chinese 5% Reorg. Loan,
Courtaulds
2774
December
18.09/09
711
Texas Corpp.
431
1913 (Ldn. Is.)
53-1/2
Distillers....ungu
D
140
Texes Gulf Sulphur
314
Chinese 5% Ster. Notes.
Dunlop Rubber
23/-
121
Trans-America Co.
61
1925 (Vickers)
13-1/2
91
20th Cent. Fox.
25+
Chin Imperial Rly, 5%
55 *
20th Cent, Fox. $14 pf.
+34
"Loan
72
81
Union Carbide & Carbon ...
804
Honan Rly. 5%
26
364
Union Pacific
881
Hukuang. Rly. 5%, 1911...
25-1/2
261
United Aircraft
381
541
United Airlines Trans.
112
Hukuang Rly, 5%, 1911
(German Issue)
23-1/2
Gen. Electric (England) 777- Guinness, (A) Bon & Co. 102/6 Hawker Siddeley, Alrc... 23/71 Bristol Aeroplane Imperial Chemical Ind. 29/71 Imperial Tobacco Marks & Sp'cer "A" ord. 55/11
21/6
March (1939) May
18.02/03
16.086/08
10.125/200 18.06b/10
.03 tip
.04 üp
16.03/03
10.08/08
16.05b/12a
ta up
September October
16.05/05
18:055/10a
unch.
18.04 N
16.09 N
.03 up
Sales for the day:-
129/41
370 tons
CHICAGO WHEAT
*42:
United Corpn.
21
471
United Corpn. $3 cum pí. 354
Lung Tsing & U. Hai Rly.
5%
Rolls Royce
110/-
December May.
14
Leyland Motors
July
21.
United Gas Corpn.
21
231
United Gas Improvement 107.
221
US. Rubber
483
64
U.S. Rubber #8 pfd.
1014
341
US. Steel
621
141
Vanadium
241
244
Warner Bros. Pict.
6
352
Westinghouse Elec.
114
20
Woodward-Iron Cor.
101
Chase National Bank
291*
B01
National City Bank
224*
534
S'hai-N'king Rly. 5% 2441/2 Tientsin Pukow. Rly. 6%
.(Brit. Btpd.)
18-1/2 Tientsin-Pukow Rly. %.
(German Stpd.)
18 Tientsin-Pukow Rly: 5% (Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) 18 Jap. 5% Bter. Loin, 1907 46 Jap. 6% Ster, Lohn, 1924 56 Ger. 7% Intl, Loan, 1924 45-1/2- Chartered Bank
Tate & Lyle
55/-1
Turner & Newall
Friday's Bales:-
ཟ ཟ hp ༢ ༠ ༠ ༠
641/041 671/871 671/67
687/67 657/661
10,439,000 bushels.
841/641 67/671 061/684
.. of
off
оп
United Steel
37/44
21/44
Smethwick Drop Forg... 16/9
CHICAGO CORN
18
Armstrong Stevens, ord. 8/3 Pressed Steel, com...... Vickers, Lord.
December
511/512
51/51
14/47
May
22/11
July
531/931 534/53 531/532 531/531
521/53
off off
531/53;
Woolworths
9-1/4
I-ex. dlv.
Doc. 1.
147,30
Dec. 9, 1938 High Low Close 148.49 147.91 14.31 23,85 2HE 3381 phan $1:21- 91.45 91.99 £1.24 BA.7R
Change
82
up
H.K. & 8'hai Bank (Ldn....
Reg.) HK. & S'hai Bank (Cal
Reg Chinese Eng. Mining
(bearer)....
81
83
Anglo-Dutch
Rub. Plant. Invest, Trust 27/6 Burma Corporation 8/6 Commonwealth Mining.. 1/74 Marsman Investments... 18/3. Randfontein Estates
40/44 Western Holdings
13/0 Sub-Nigel
* 232/6 Tanami Gold Mining.... 6d. Anglo-Iranian
********* 55/101 425772
WINNIPEG WHEAT
December May July
8117811
611/813
63/83/
631/631
632/632
84/84
64/64
641/849
December March
89/41
18/3
Burmah
82/6
Chosen Corporation
7/8
Shell Trans, & Trad.
A
2/-
(Bearer)
80/7+
March
25/
-Nominal.
ex-bonus.
f-ex-dividend
NY silver, Omdat
NEW YORK HIDES; (New Contracts)
11.34 N 11.25b 11.74/75
NEW YORK-STRAITS - TIN
45.80b/95a 45.70b/40.00 43,90b/46.108 42-3/4 NY-L'don Cross Rats... 4.66-15/16
17,382
11:60b/62 11.93b/95a,
unquoted 4.87-1/2
Reuter,