ON BATAVIA
On demand
ON PARIS :-
Bank Bills, on demand 1088
Credita, 4 months' sight 1160
Sput
.......... 31
December
January
February
Market. Very quiet...
ON SAIGON:-
On demand
1491
Merchant Rates
Sterling. 0/8-5/16.
ON MANILA:-
On demand
584
U.S. Dollars, $16-3/18.
Silver Duty Rate...."
Unofficial Quotations
16-1/16.
16-1/8 16
Bombay, Dec. 16.
Ready
51-00
January 16 Settlement.
50-14
#11
1117
February 14 Settlement....... 50-12
Market.-Qulet.
08.15
$90
-Reuter,
$18)
$171
ON BANGKOK :-
On demand
149)
Sterling Notes
The Central Bank of China's rate or London at 10 a.m. to-day: was 1/2-1/24, unchanged
LONDON GOLD
from
11
London, Dec. 15.
Bank Buying Rate
1/31/18
{ yesterday.
Bar Silver, per o
30-1/18
The Equalisation rate was 51 per ent.
Bar Gold, Fine per oz., 148/8. Dollar Premium, 1/2d. premium.
-Reuter.
-Reuter.
Market Report
235
PAGE 12-HONGKONG DAILY PRESS, MONEY AND EXCHANGE
CLOSING QUOTATIONS|Shanghai Exchange
DECEMBER 14, 1938
ON LONDON:-
Telegraphic Transfer...
Bank Bills, on demand 1/24
Credits:4 months' sight 1/3;
ON SHANGHAI:→→
On demand
FINANCE
SILVER MARKETS HONGKONG SHARE QUOTATIONS
LONDON SILVER
London, Dec. 15. Silver-Speculators bought and suld. Market Steady. In the after- пооп the market Was quietly 'steady, with small buyers at the rate and sellers at 1/16 over.
Spot, 20-1/16d.
Official T.T, Rates
Shanghai, Dec. 16.
Opening
0/8 15-5/8
Forward, 19-7/16d.
56-7/8
-Reuter.
5.48 53-3/8
NEW YORK SILVER
New York. Dec. 15.
Open Market-Selling Rates
Official Price. 42-3/4.-Reuter
: Sterling
Opening Closing 0/8-11/32 0/8-5/18
BOMBAY SILVER
Bombay, Dec. 15.
Indian Mint Silver ...
London
New York
Japan.
Paris
........ 17b nam,
Hongkong
ON SINGAPOLI: ---
. On demand
ON JAPAN:---
On demand
34
1061
Sput
ON INDIA:-
Telegraphic Transfer.
and demand.
ON New Your:-
Bank Bills, on demand
Credits, 60 days' sight 294
December,
January
February
0/8-1/4
U.S. Dollars
0/8-15/64
Ready
0/8-21/64 0/8-5/18 Market-Quiet Oftake 50 bars.
0:8-5/10 0/8-10/64
51-01 51-01 Jan. 16 Settlement...50-15 50-15 Openng Closing. Feb. 14 Settlement... 50-13 50-13 $18-1/4 $16-7/32 16-7/32 16-3/16 10-3/18
STOCK EXCHANGE
Bags Ballers
SHAREBROKERS" ASSOCIATION
Baits Joralent!
FRIDAY. DEC. 18.
Buyers Ballers Sim
1348
H.K. Back
£781
19
Hanks
Do. (Col Reg.)................
D (Lon. Reg.)........e Chartered Banka....
1971 Mercantile Eka "A"
"
$1363
231
£78)
201
£培養
213
Marcantile ka *****
£13
188
Bank of Bank Asin ........
948
N. C. & B. Banks.....
Хонагалов
3210
From Bow Bros.
Silver prices dropped yesterday
to the extent of 1/16 for Ready and 1/8 for Forward, the quota-
Calcutta Exchange
Calcutta, Dec. 15.
TT un Japan, 78-5/8.-Reuter.
tions Being 20 1/15 and 19 7/16 India Rupee Paper
respectively.
Silver adviceв re-
ported the market as being steady. Speculators operated both ways. The market closed with small buyers at the quoted rate, sellers Lid 1/16 higher. American Silver was quoted at 42 3/4 for Spot.
The London -New York CrO85- New rate was quoted at 487, 75. York /London "was quoted at 467. 5/8.
Market
Qjulet.
Sterling
Bombay, Dec. 15. dovt. 3-1/2% Rupee, 98-04-0.
-Reuter,
New York. Dec. 15.
Loan on securities to brokers in New York:-
8/12/38 $687,000,000
NEW YORK STOCK EXCHANGE
STOCKS
(Through Reuter's Service).
QUOTATIONS
Last Sale
STOCKS
BROKERS'
LOANS
Week ended
Week ended
F.K. & K. Wherres... Providenta (old)...... Providania (20W)....**
H.A. & W. Dooks....
Do. (saw).
$100 Shanghai Docka 8......
1880 New Engineerings 8.
18/0 Kailas
9:35 Bauba
#3
Mining
Fanernela Gold Fida
[74 cts,' Hong Kong Manet............
Lands, Hotels, and
Balldings
H.K. Hotels vostres H.E. Lands ........... $531107) Do. 4%, Dacatures 9 40 Shanghai Landa 8.
H.K. Realtioneumeie Humphreys...cusäureneği
$5
98
Chinese Estates main Cotton Mills
$18.40 Ewon (8.)
$35+
Canton InsuraAZAR.. 485 Union Insurance.... 76 ota. Underwritera ...------
8188 HK. Firms ..................
*******- Shipping
#210
$10
70 ct.
+130
+601
{Douglases ................
seni
#19
$18
Steamboata
100
Indo-Chinas (Fr.).
36J
Indo-Chinas (Ds!)......
14
181/0
1
Waterboats....... ... ...)
SPOT
Docks, Wharram,
`JAN,-MARCH
Godowns, sta
3117
APRIL-JUNE
:6.15
o
$18)
է
$171 stoi
SATURDAY, DECEMBER 17, 1938.
PAYNE & & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
18.0 $8. **1.
$6.80
:::
${}
$8.0
28-1/4.28-1/2 up 3/8 The market opened 1/4 of a cent higher for all deliveries as com- pared with Wednesday's closing quotations.
11
Steady conditions prevalled throughout the day. Good enquiries for "actuals" by consuming centres were in evidence, whilst specula-. tors and traders displayed fair buying interest in futures. The bet- ter sentiment was caused by the announcement of American can- sumption-figures of 46,048 tons for November which was well above expectations.
Later in the session prices advanced by 1/4 cent for all deliveries on further persistent general buying, but it was difficult to arrange business due to sellers holding of.
During the last trading hour, however, the market turned quieter, the higher price-level apparently attracting more sellers.
Closing tone was quiet, but steady.
LONDON RUBBER
New-York, December 15.
SINGAPORE RUBBER
Dec, 14 buyers sellers
Dec. 13
27-3/3 27-5/3
buyers sellers change
27-3/4 28
up 3/8
27-5/8 27-7/8 28 27-7/8
28-1/4
up 3/8
28-1/8
#
Previous close
0.All $16,20
Fi
15/21/38 $695,000,000
LB'bai Cuttons (9.) ....
$40
-Reuter.
Wing On Taxi
Zoong Sings (8.)-.-.-.-.
(1)
$101
1.2
buyers sellers
SPOT
8"
8-1/8
3
APRIL-JUNE
8-1/8
8-1/4
8-3/16
To-day's close buyers sellers
8-1/16 8-1/4
change
unch.
up 1/18
Public Utilities
JULY-SEPT
8-2/10
8-5/16
8-1/4..
8-5/16
17:10
Tramways...
$17.10
up 1/18
Market quiet but steady.
Pesk Trama (old)................
183
ردار
13Ł
Fink Trama (549)------
7%
Star Farring
123
$13)
114
$10,20/10
$10
868
$10)
Last Bale
44
Y'mati Forries C.E.S
Do.
Chma Lights (old).............. |7hina Lights (new)ume
H.K. Electrics mo 317) Macao Klaotriós ..........
Bandeksu Lightë comme 23: Telephones (oid).............. $5.00 Talephones (new)...... 1,3 Trassions manager 16,0
Fractions (prof.) ..................
Industrials
Cald., Macg. (Vrd. J 8.
310.10
$19.80
$10 758
NEW YORK COTTON
The market early advanced on higher Liverpool and Bombay ad- vices, speculative buying and foreign Commission House covering. Later, it partially reacted on profit-taking thd liquidation. Finally, it closed firm on fairly active trade buying and renewed covertag operations.
11
NEW YORK RUBBER
The market opened steady on the early strength of Wall Street, Commission House buying and short-covering." Later, the market reacted on profi-taking. Dealers were moderate buyers on the scale- down.
Sterling
US Dollars
There were sellers at 1/3 De-Adams Express Amber, 1/2 31/32 January March Alleghany Steel Co. and 1/2 15/16 April June, buyers Allis Chalmers..... at 1/3 1/32 Cash, 1/3 January March and 1/2 31/32 April /June.
Amerada Corps,
| Amer," Can
Amer. & Foreign Power Amert & Foreign pi... Amer. Locomotive
· U.S. Dollars Nothing doing. There were small sellers at 29 1,4 for cash. 29 3/18 December Arst half January, 29 Amer. Metals Co. 1/8. frst half of February and pro- Amer. Radiator hably 29 1/16 Brst half of March, Amer. Rolling Mill buyers at 29 6/16 cash, 29 1/4 De-Amer. S'ting and Ring Co. cember, 20 3/18 January, 2018 Amer. Bugar Ring February and 29 1/18 March.
Shanghai Dollars
Erratic. Opened with sellers at 180 and then receded to 178 1/2 Towards the close there were sel- lers at 178 1/2 for Spot.
Shanghai Market Sterling opened with sellers at 8. 11/32 and then firmed up to 8. 3/8 cash. Towards the close the mar. ket was a shade easter at 8. 6/18 for Spot. US. Dollars opened at 18, 1/4 and then rose to 16. 5/16. Towards the close sellers were re- ported at 16, 7/32 for Spot
AFTERNOON MARKET
Amer. Tel & Tel. Amer, Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 8. Fc. Auburn Motors Baltimore & Onto Barber Asphalt Co. Barrisdall (1) .... Bethlehem Steel Boeing Airplane Co. Borg-Warner. Biggs M'facturing Brooklyn-M'hattan Trans. B'klyn-M'hattan se cum pt. Canadian Pacific R'way. Case, J.1. Chesapeake & Ohio
The market was quiet in the Chrysler Corpn. afternoon.
No business was reported, finish- Commonwealth & 8. (ord.) Jag with sellers at 1/3 December C'wealth & S. 6% cum pf.
January and 1/2 31/32 February Consolidated Edison March and 1/2 15/18 Aprli /June, Consolidated Ofl buyers at 1/3 1/32 Cash /January. Continental Can 1/3 February March and 1/2 Continental Oil 31/32 May /June,
Corn Products..
Curtiss Wright (C.)
The market closed with sellers Curtiss Wright "A" at 291/4 for cash, 283/18 December Distillers Corpn. Seagrams
/first half of 'January, 29 1/8
Arst half of February and 29 1/16 Du Pont de Nemours first half March. buyers at 29 Eagle Picher Lead
/16 Cash, 29 1/4 December, 29
¡Elec: Bond & Share
Dec. 15
107
203
Lat. Tel. & Tel. Johns Manville
"Dec. 15
9* 1051"
484
Kennecott Copper
441
314
091
Libbey-Owens-Ford
Glass 537
$13 Cald, Macg. (Perl.) 8.
$1.50
981
Lockheed Aircraft
309"
$1.70 Canton loes
3151
3
Loew's Inc.
571
$15.8ements .....
171
Martin, Glen L.
81 Hopes
CHICAGO WHEAT
".
321
Miscellaneous
273
McKesson & Robbins, 3 pf.
9:25
Dairy Farms
$25
401
Monsanto Chemical
1051
6.30
Ch. E'taments
$6,3.1
174
Montgomery Ward
52+
#11
22
Kate Dairy Products...
121
52
Nat Distillers ..
27
38
Constructions (old).............[ $; 4)
Constructiona {D@W).........} Lane Crawforda...vy,
The market early ruled steady, influenced by professional buying. Later, reacted on weak Winnipeg prices, unfavourable overseas cables, ifquidation and the weakness of Corn,
Nanyang Tobacco.....
201
National Gypsum.
154
82
Sincerous
1481
National Load
27+
$7.40
#7;
$7.30
851
Nat. Power & Light
74
Ch.0.5% 192501.$Bds.
73
13%
131
Nat. Supply Corpn.
H.K. Gort. 4% Loans
142
35
New York Central
39
N. American Aviation
19. 177
.pm par
$103
H.E. Gori, 81% Loss $100
H.K. Wing Un
$38
S'hai Wing On.
4
North American Co.
212
37
Vibro Piling....
藏!
N. Y. Commodity Market
71
Northern Pacific
113
30/0
| Marsmane Inv. (Lon.)
201
Pacific Gas & Elec.
282
3/0
Maramans Inv. (H.K.)
(By Courtesy of Messrs. Swan. Culbertson & Frits and S. E. Levy & Company)
181
Pacific Lighting
42
50 cta
Wm. Powells .......
100 ata
*Sales to Shanghal
751
Packard Motors
47
327
Paramount Pictures
13
321
Pennsylvania RIR.
211
LONDON STOCK EXCHANGE ·
New York Cotton
3041
Phelps-Dodge ......
431
New York Rubber
Mar. Mar.
12
Phillips Petroleum
42
Chicago Wheat
Mar.
672 661 87i
Prev. To-day's High Low Close Close Change 8.28 8.20 8.20 8.23 .03 up 16.26 16.07 16.21 18.07
687
.14 off
42
Public Service, of NJ.
31
(REUTER'S SERVICE)
54
Pure Oll.........
104
91
Radio Corpn. of Am.
71
35
Republic Steel
237
822
Reynold Tobac, "B"
.44
London, December 18,
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 Com Winnipeg Wheat
May
521 521 52
$21. toff
May
631 617 831
617 17 off
·
Columbia Gas & EL Columbia ·6% "A" pl. Commercial
63
Schenley Distillers
18
F
2
*
£
71
Schenley, 54% pfd.
7421
59
Sears Roebuck
744
War Loan, 3}% (Red.
after 1952)
98-3/18
14
Shell Union Oil
141
Canton-Kloon Rly. 5% 18
451
Socony-Vacuum Oll
134
Chinese 41% Gold Loan,""
S'hal Waterworks "A"... 19-1/2* Union Insurance
31-1/2" Gula Kalumpong Rubber 20/T} Allied, Ironfounders...... 15/1
December
201
Southern Pacific
18
1898 (Brit. Issue)....... 75
81
Southern Rly $5 pfd.
314
Chinese 5% Gold Bonds;
381
Standard Brands
ef
1925-47
3D1
Stand Gas & Elec.
31
Chin. 41% Anglo-French
647
Standard Oll'of N.J.
511
Loan, 1908
B2
Stone & Webster
15
Chinese 5 Crisp Loan.
རྒྱུུ ༣་
Asso. & Elec. Industries 39/- Austin Motors, ord.
24/41
73
Cable & Wireless, New
Form, ord.
January (1939) March 1 } May July (...) October (..) in Spot .....
NEW YORK COTTON.
Close
Opening Closing 8.43/43 8.49/40 8,24/24 8,32/32 8.20/20 7.99/8.01 *8.07/07
8.45/45 8.24/24 8.28/27 8.23/23
Change .02. up
unch
.03 ·up
8.04/04
05 up
7.70/71
7.39/39
8.65 N
7.78/18 7.74/74 7.48/47
7.44/44 8.68 N
o up
.05 up .03.
1
38-1/2
B.-A. Tob. (bearer)
NEW YORK BUBBER
98/0
Cammell Laird, ord.'
7/3-
201
Swift International
-274
1912
·37-1/2
Mexican Eagle
December
16.30/30
5/3
201
Technicolor ...........................
21
Chinese 5% Reorg. Loan,
Courtaulds
Douglas Aircraft
788
Texas Corpa.
442
1918 (Lda. Is,)
54-1/2
Distillers
29/6 89/6
March (1939).
16.21/22
16 205/29
18.21/21 16.07/11
09 of
.14 of
May.....
16.19/19
16.26/23
1501
{Texes Gulf Sulphur
321
127
Trans-America Co.
61
Chinese 5% Ster. Notes,
1925 (Vickers)
Dunlop Rubber
23/1
September
16.21/23
13-1/2
101
20th Cent. Fox,
254
Chin. Imperial Rly. 5%
3/16 January, 1/8 February Elec. Bond & Share $5 pf. and probably 29 1/16 March
59 *
20th Cent. Fox. $14 pf.
341
Loan
Elec. Bond & Share $6 pf.
66
Union Carbide & Carbon
91
Honan Rly. 5%
26
Elec. Power & Light $T pf.
353
Union Pacific
Hukuang Bly, 5%, 1911...
283
72
Gen. Electric (England) 78/9 Guinness (A) Son & Co. 102/- Hawker Siddeley Aire.... 24/-
October....
16.23/23
15.98/19.02 16.02/03 15.94/18.00
23 off
19 off
29 off
Sales for the day:-
3,400 tons
Bristol Aeroplane
22/6
CHICAGO WHEAT
25
Imperial. Chemical Ind. 30/44
Shanghai Dollars
Flintkote
281
United Aircraft
414
Kukuang Rly.' 5%, 1911
Imperial Tobacco
130/-
December
641/043
179 3/4
Gen. American Trans.
581
United Airlines Trans.
12
(German Issue)
Marks & Sp'cer "A" ord. - 55/8
May
€71/071
671/07
Sen. Electric
431
United Corpn.
3
Gen. Motors ....
504
United Corpn. $3 cum pf.
344
Lung Taing & U. Hai Rly.
-5%
toils Boycé
130/-
July
664/681
67/687
641/641 682/061 861/661
off
оп
EEE
11
13-1/2
Leyland Motors
80/8
Wednesday's Sales
6,803,000 bushels
New York, Dec. 15.
New York Exchange
T.T, on London (Opening Rate);
4.67-13/16.-Reuter.
Berlin Exchange
Berlin, Deg. 15. The Relchsmark was
quoted without guarunter at:
New York, 40.11.
Paris,.1520:
Amsterdam, 73.75 to 73.80.
London, 11.665.
-Transocean.
Homestake Mining Int. Nickel
Gen, Railway Bignal
231
United Gas Corpn...
22
Glidden Co.
241
United Gas Improvement '18)
Goodrich (B.F.)
241
US. Rubber
511
S'hai-N'king Rly. 5%..... Tientaln-Pukow Bly. 5%
(Brit. Stpd.)
Tate & Lyle
54/14
Türber & Newall
TJ/103
'CHICAGO CORN
18-1/2
United Steel.......
22/7
Goodrich $5. pt.
651
U.S. Rubber sa pid.
101
Goodyear Tire & Co.
361
U.B. Steel
661
Great Northern Iron Ore ...
13%
Vanadium
273.
Great Northern Rly, pfd.
271
Warner Bros. Pict.
6.
Great Western Sugar'.
25.
Westinghouse Elec,
1194
Greyhound Corpn.
2111
Woodward Tron Cor.
251
Hecker Products
101.
Chase National Bank
309"
611
|National City Bank
221"
641
Tientsin-Pukow Rly. 5%
. (German 8tpd.) '..... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan). 18 Tientsin-Pukow Rly: 5%
(Ger. Btpd, Supl, Loan) 18 Jap. 5% Ster. Loan, 1907 45-3/4 Jap. 8% Bter; Loan, 1924 55-1/4 Ger. 7% Intl. Loan, 1924 44-1/4 Chartered Bank
Sinethwick Drop Forg. 18/6
December
19
Armstrong Stevens, ord.
8/3
Pressed Steel, com.....
May
14/-
July
Vickers, ord.
22/3
Woolworthis
58/
504/502
50/491 521/53 531/53! 521/521 532/53% 631/531
63/631
WINNIPEG WHEAT
'Afglo-Datch
25/6
9-3/4
--bid
1-ex div.
H.K. & Shai Bank (Ldn.
Reg.)"
Rub. Plant. Invest. Trust Burma Corporation 8/71 Commonwealth Minfrig.. 1/8" Märsman Investments. 18/- Randfontein Estates
27/0
December May July
78-1/2
Western Holdings
41/74 13/3
611/611 031/031 631/631 631/637
NEW YORK, HIDES: (New Contracts)
60/60
811/62 831/637 627/021
14 off 11. on
18 or
1938
High Low Dow Jones Average
Paris Exchange
Paris, Dec. 15. Sterling was quoted at 177,88 to 177.73;. UB: Dollar at:37:08 tó 3809; „Transocean.
181.53
3091
· 25,19 · 15,34 ́10 · Ttllítás
21.13
.91.70 83.39 40 Bonds
+89,27
59.00 - 43.09: 11 Commodity Index $788
DOW JONES AVERAGE
154,41° 98.96" 30 Industrizia
-83.18 19,00 90 Baile
Deo. %. High Low Close
163 16-18144 151.32 21.45 30.09 31.10 99.85 19.22 29.38 15,25 up
Business Dones,-1,800,000 shares
Deo. 16, 1938,
H.K. & S'hai Bank (Col
Reg.)
Bub-Nigel
238/3
81
Tanami Gold Mining...... 6d.
December March
12.18 N
12:15. B
12.09 N
Chanze 29 un 18 up
Chinese Eng, & Mining
(bearer)
Anglo-Iranian
18/-
Barmah
80/41* 83/1
Chosen Corporation
7/0
Shell Trans.
Pekin Syndicate .......
2/-
(bearer)
20.73.25 að 27.10.18 off
S'hai Elec. Constr. Co.
257-
Nominal.
Trad,
tex-dividend
March
12.50/50 12.55/59 12.41/42
NEW YORK-STRÄFTE TIN
81/101
NY Silver. Oficial 42-3/4 -Reuter.} NY-L'den Cross Rate..." 4,07-1/8.
46.00b/15a46.20b/50я
48'25b/48.55n 42-3/4 '4.07-3/8"