FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS" ASSOCIATION
F971 | Marcantile Bka, *****
188
3210
Mercantile Bka. "C"
Bank of East Asia .... ¡N. C. & 6. Banks........... Insurancon
Canton Insurances................... 485 Unios Insurences 73 ota indarWriterA •*---------
$188 H.. Fires *****
Shipping
Douglass
1210
$500
70 ct.
1.01~0
MONDAY, DECEMBER
I
19, 1938.
PAYNE & CO.
COMMODITY
BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
PAGE 12-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
'CLOSING QUOTATIONS | New York Exchange
DECEMBER 17, 1938
ON LONDON:
Telegraphie Transfor........
Bank Billa, on demand. Credits 4 months' sight 1/3j
19
ON SHANGHAL
On demand
178 nom.
ON BINGAPORE >—
On demand
31
ON JAPAN:-
On demand
1.
ON INDIA:
R3
and demand.
On New Yonx ;—
Telegraphic Transfer...
Bank Bills, on demand 29:13; i Credits, 60 days' sight 29 1/16-
ON BATAVIA
On demand
ON PARTS:
"
............... D3-1/16
"
Bank Bills, on demand 105 Credits, 4 months' right 1150
New York, Dec. 17. T.T. on London (Opening Rate), 4.67-38.-Reuter.
Calcutta Exchange,
Calcutta. Dec. 17. T.T. on Japan. 78-5/8.-Reuter
India Rupee Paper
Bombay, Dec. 17. Govt. 3-1/2 Rupee, 98-02-0
--Reuter.
SILVER MARKETS
LONDON SILVER
London. Dec 17. Silver Little speculative and American buying. Offerings small. Market quietly steady.
Spar. 20d.
LONDON METALS
EXCHANGE
London, Dec. 16. COPPER
Standard. Cash: 43-5/8 Standard,
37
STOCK EXCHANGE
buyers sellers
£
Buyers | Bellera Balan
Nomla!
SATURDAY, DEC. 17.
Buyers Sellers
Salse Fomins
43-11/15
Hanks
||
3 months 43-13/16 43-7/8 Electrolytic
$19.40 $1395/ J
H.E. Banks
Do. (Col Reg.)...
C
49
TIN
50
£78
Do. (Lon. Reg.)...........| |Chartered Banki
$1385
$70
£ati £13
Standard. Cash 214-1/8 214-1/2 Standard,
3 months 215-1/4
LEAD
215-1/2
. Foreign.
Official Price 15
15-1/16
!
Foreign, Offelal
15-1/4
3 months 15-3/16
SPELTER
$18
310
Stommboats in a s
Ordinary,
$80
| Indo-Chinas (Prof.)..........
Bu
Official Price 13-3/4 Ordinary, Official
13-13/18
124
Indo-Chinas (Daf.)..............
124
81/10 Sheli# .........
81/3
10
3 months 13-15/18 14 Final Afternoon Transaction)
Waterboats.nam
SPOT
"ON SAIGON-
Forward, 19-3/8d." -
Tin, Standard, Cash, £114-1/2 buyers.
$115
1117
8115
"Docks, Wharves,
Godowns, ets. B.K. & K. Wharvo...
JAN.-MARCH-
$117
APRIL-JUNE
$6.20
·815
Providenta (old)..........................
On demand
}}}
$5,90
-Reuter.
Providenta (new)...------`
ON MANILA : ~~~
NEW YORK SILVER
On demand
ON BANGKOK:→
On demand
59
Tin. Standard, 3 months, £215- 12 pald and buyers.
SIBI
#18
H.K. & W. Docka....
$171
8711
$172
Do... (new)..semes
14n
New York. Dec. 17. "Omelal Price, unquoted-Reuter.
1100
15 80
New Engineerings 8.
Bbanghai Docks 8.....
-4101
.331
Mining
Sterling Notes
BOMBAY SILVER
BANK OF FRANCE
18/
milan. .....
18.0
Bank Buying Rate
Bar Silver per os
19 15/10
Market-Steady
Bombay, Dec. 17.
Otake 20 bars
9.35 Raub.
RETURNS
$3
Venezuela Gold Fide
Indian Mint Silver.
Paris. December 16.
51-00
Market Report
From Bora Bros.
Dec. 17. Silver prices dropped 1/8 Yes- terday for both deliveries, the quotations being 19.15/16 for Silver and 19 "5/16 for Forward. Silver advices reported speculators The market was as having sold. steady. Luter purchases were
Ready
The return of the Bank of January 16 Settlement....... 50-14 France for the week ended Decem-. February 14 Settlement.. 50-12 ber 7 shows Gold Reserves totalling
Market Quiet.
87,265,000,000 Francs of Gold con- -Reuter, tent of 27.5 milligrammes. Indicat- ing no change over the previous week.
"LONDON GOLD
London. Dec. 17. Bar Gold, Fine per oz., 148/11. Dollar Parity, Id. Premlum.
made by speculators and American | "əfəy Trade at 1/18 over the quoted rate. American Silver was quoted at 42 3/4 for Spot.
The London/New York cross- rate was quoted at" 466.81. New York/London was quoted at 466.
7/8.
Market
Steady but quiet.
Sterling
There were sellers at 13 De cember/January, and 1/2 31/32 March/arat half of April and 1/2
The total Note circulation is given as 108,779,000,000 Francs, showing a decrease of 688,000,000 Francs as compared with the pre- rious week-Reuter
NEW YORK STOCK EXCHANGE
15/16 April/June, buyers at 1/5 Amerada Corps. 1/32 Cash January 1/3 first half Amer. Can
(Through Reuter's Service)
February/March and 1/2 31/32 Amer. & Foreign Power April June.
U.S. Dollars
There were sellers at 20 3/18 December, 29 1/8 January. 29 1/18 February and 29 March, buyers at 29 1/4 for cash. 29 3/16 January: 29 1/8 February and 29 1/16 March.
"Shanghat Dollars Sellers probably at 180 for Spot. Shanghai Market
Steady. There
Sterling at 8.21/64 for Spot and
V. S. Dollars sellers at 16.33/16 for Spot
ཀ,ནཱནབྷཨཱརསན།
Shanghai Exchange
Omcial T.T. Rates
London
New York
Japan
Pars
Hongkong
Amer. Metals Co. Amer. Radiator....
Amer. Rolling Mill ........................i.. Amer. Sting and Ring Co. Amer. Sugar Ring Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
QUOTATIONS
Martin. Glen L.
McKesson & Robbins, $3 pí.
Montgomery Ward
at. Dairy Products
Nat, Distillers
National Gypsum
|National Load
North American Co.
Northern Pacific
Pacific Gas & Elec.
Pacific Lighting"
Phillips Petroleum
រ
$35
$241
.74 cts, Hong Kung Minn.........
Lands, Hotels, and Buildings
H.K. Hotels............................... H.E. Lande .......... $63), $107) Do. 4% Deboatures 49 40 Shanghai Landa B.
H.K. Realtis consen
00
Humphry
Chinsse Kataton .................... Cotton Milla
#1540 gwo (8)
$40
Zoong Sings (B.) *******
Public Utilities
1361
New York, December 17,
B
$8.80
SINGAPORE RUBBER
Dec. 16 buyers sellers 27-5/8 27-7/8 28
28-1/4 28-1/4
change
up 1/4 1/8
Dec. 17 buyers sellers
27-7/8 28-1/8 28-1/8 28-3/8 - un 28-1/2 28-3/8 28-5/8 up 1/8 Influenced by conditions prevailing in London and New York the market opened 1/8 of a cent higher for all deliveries as compared with Friday's closing rates.
Throughout the session the market displayed a quiet and "dull undertone. Moderate enquiries for "actuals" by consuming centres were in evidence, whilst dealers and speculators were disinclined. to operate either way to any larger extent.
L
Towards the close of the sesalon" however, the market became steadier on some buying, chiefly accredited to trade-accounts, result- ing in a slight price-ddvance of 1/8 cent for all deliveries,
Closing tone was quiet, but steady
It would appear that the uncertainties with regard to Sterling So are still exercising a restraining induence upon the market, whilst reports of continued satisfactory Motorcar-production and of general business-recovery in USA. fail to stimulate sentiment for the time
$8.10 being.
8.00ha Cotions (8-) .............
C.All M6.20
$10%
$24
Wing On Textiles. (8.)
$17.10
Tramways
#81
be
Pask Trams (old).....
*61
T!
SPOT APRIL-JUNE JULY-SEPT.
Baj
Peak Trams (Daw}...
#72
Market idle.
Star Ferries
123
9x11
نوجو
8:31 36
*3/*
$147 $151
824 12-.30/70
ལྷ་ཚོ་ཁསྐ
LONDON BUBBER
Previous close buyers sellers
B
-8-1/18 3-1/3 8-1/4
To-day's close buyers sellers"
8 8-1/8
change
8-1/16 unch. 8-1/4
8-3/16 8-5/16 8-3/16. 8-5/16
NEW YORK COTTON
The market opened quiet, with price changes narrow. Scattered buying was offset by unfavourable cables and liquidation. Later, the market improved on moderate trade and speculative buying and finally closed steady, and fairly active on more trade interest and favourable conditions in dry goods trade.
NEW YORK RUBBER
Market was very quiet but more or less featureless, apart from moderate switching. Professional trade, interest were moderate buyers.
CHICAGO WHEAT
Market very quiet and narrow, owing to lack of incentives and support. Towards the close, the market mildly eased on weak over- 5203 cables, liquidation and favourable Argentine crop reports.
N. Y. Commodity Market
$10.10
10
158
Y'mati Forrian C.B.5
Do. (new)$ $14 China Lights. (old)...... $10 (China Lights (new)......
H.K. Electrica
Macao Electrica..........
·Bandaknu Lightā ..................
123 Telephones (old)................. $3.50 Telephones (DeW)...... 21,3 Traiste
Tractions (prof.).....
Industriais
| Cald.; Marg. (Und) 8.
| $1.70. Canton Ioes
8158 Cemania,
81+ Hopes MOAN
Miscellaneous
Dairy Farma.....
Ch. E'iainments......... $6.3 Constructions (old)....! $140
Constructions (DSW)...
Lane Crawfords........................
Nanyang Tobacco.....
Watsons ....
$14
$13
Cald., Macg. (Prxt.) 8.
Wax Powalls........
*Sales to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
"London, December 15. 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.
#:71 $58
817
$101
STOCKS
Last Sale
STOCKS
Last Sale
Dec, 17
Dec. 17
Adams Express
101
Alleghany Steel Co. Allis Chalmers
201
461
Int.. Tel. & Tel Johns Manville Kennecott Copper
91
103
081*
Libbey-Owens-Ford
Glass
971
Lockheed Aircraft
31
Loew's Inc........
Ameri & Foreign $7 p...
171
Amer. Locomotive
273
1:
38
Monsanto Chemical
1061
સળ
17
$11
21
501
#8
201
Hincares
1471
$7.45
$7,40
851
Nat. Power & Light
13%.
Ch.0.6% 19950 Bds.
H.K.
'Gori. 4% LoGNI
131
Nat. Supply Corpn.
pm
$108
140
341
New York Central
pai
H.B. Gort 44% Loqos $100
158
H.K. Wing Un.................
37
were sellers of
Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohlo
374
N. American Aviation
S'hai Wing On
31"
Vibra Piling
$7
61
16/0
Marsmans Inv. (Lon.)
Barber. Asphalt Co. Sarnsdall Of
201..
30
Marsmans Lay. (H.K.)
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
173
90 clo
90 cu
$
Bethlehem Steel
75
Packard Motors.
42..
Boeing Airplane Co.
321
Paramount Pictures
Borg-Warner
31
Pennsylvania R.R.
Biggs M'facturing
297
Phelps-Dodge
Brooklyn-M'hattan
Trans,
124
Shanghal, Dec. 17.
B'klyn-M'hattan $6 cum pf.
401
Public Service of, NJ,
Opening
Canadian Pacific R'way.
Б
Pare Oll
New York Cotton Mar. New York Rubber Chicago Wheat
Corn Chicago Winnipeg Wheat.
Mår.
May
May
May
Prev. To-day's High Low Close Close Change 3.24 8.17 8:17 8.21 .04 up 16.20 16.15 16.11 18 15 667 65+ G6! 661 -52 511 517 617 60% 614
.04 up
off
+
513
61
i:off # off
0/8
¿Case; J.I.
Radio Corpn. of. Am.
15-5/8
Chesapeake & Ohio
35+
Republic Steel
NEW YORK COTTON
56-7/8
Chrysler Corpn.
81a
| Reynold Tobac. “B”
Close
Opening Closing
Change
5.4B
Columbla Gas &z El.
63
Schenley Distillers
2
£
53-3/8
Columbia 6% "A" pt.
764
Schenley, 51% pfd.
War Loan, 31% (Red.
Commercial
58
Sears Roebuck
after.. 1952)
Commonwealth & 8. (ord.)
12
Shell Union Oll
Sterling
C'wealth & 8. 8% cum pr.
481
|Socony-Vacuum Oll
Consolidated Edison
291
Southern Pacine
B1
Southern Rly $5 pfd.
394
Standard Brands
302
Bland Gas & Elec.
632
Standard Oll of N.J.
64
Stone & Webster
261
Swift International
Canton-Kioon Rly. 5% Chinese 44% Gold Loan,
1898 (Brit. Issue)....... 75-1/2 Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
.1912
98-1/16 18
S'hat Waterworks "A".. 19-1/2 Union Insurance
31-1/2" Gula Kalumpong Rubber 20/1 Allied Ironfounders ...... 10/1 ABSO. & Elec. Industries 38/9, Austin Motors, ord.
January (1939) March May July
8.20/20
8.18/17
8.24/24
04. up
( }
8.17/17
8.18/17
8.21/21
.04. up
7,97/98
7.86/97
8,00/00
.03 up
(
}
7.89/70
7.58/68
7.72/12
03. up
እነ
October (..)
7.41/41
7.42/42
7.46/48
.05 up
25/-
73-1/2
Cable & Wireless, New
Form, ord.
December ( Spoti
}
7.43/43
7.43 N.
8.62 N
8.00 N
.04 up
36-1/4
.68
3.-A. Tob. (bearer)
NEW YORK RUBBER
98/11
Cammell Laird, ped.
7/41
37-1/4
Mexican Eagle
December
51-
Distillers Corpn. Seagrams
192
Technicolor ......
Chinese 5% Reorg. Loan,
·
Courtaulds
.28/41
March (1939)-
Douglas Aircraft
777
Texas Corpn.
1913 (Ldn... Is.)
55
Distillers
90/3
May
Du Pont de Nemours
149
Texes Gulf Sulphur
Chinese '5% Ster: Notes,
Dunlop Rubber
23/-
15-31/32
Eagle Picher Lead
12
| Trans-America. Co.
1925 (Vickers)
13-1/2
Gen. Electric (England) 76/9
September October
18.15b 16.11/12 16.15b/202
18.15/14 18.09/09 16.08b/12a 16.106/12a
16.27b/32a 18.15/15 16.08/10 .01 of 18.11b/15a. .03 up 16.08b/152 .02 of
Elec, Bond & Share
101
20th Cent. Fox.
Elec. Bond & Share $5 pr.
62
20th Cent, Fox. $1 pL.
Chin. Imperial Rly. 5%
Loan
Guinness (A) Son & Co. 104/6
Sales for the day:-
290 tons
Elec. Bond & Share $6 p.
60
Elec. Power & Light $7 pf. Filatkote Gen."American Trans.
36
Union Pacific
277
United Aircraft
56
Union Carbide & Carbon....
United Airlines Trans,
Honan Rly."5%
Hukuang Rly, 5%. 1911... 25
Hukuang Rly. 5%. 1011
(German Issue)
PRR R
12
Hawker Siddeley Airc.... 24/~
26
Bristol Aeroplane-
23.
Imperial Chemical Ind. 30/11 Imperial Tobacco
******** 129/4 Marks & Sp'cer "A" ord. 55/6
22/3
CHICAGO WHEAT
December May
634/83)
664/663
43
United Corpn.
Lung Taing & U. Hal Rly,
Rolls Royce'
1107- July
607/661 661/661. 661/66
631/631 66+/664
off
I off
654/657
+of
491'
United Corpn. $3 cum pt. 341
5%
231
United Gas Corpn.
24
S'hal-N'king Rly 5% Tientsin-Pukow Rly. 5%
244
US. Rubber
13-1/2. 24.
18-1/2
Leyland Motors ...
69/4)
Friday's Sales:-
6,234,000 bushels
Tate & Lyle ......
54/6
Turner & Newall
77/10/
CHICAGO CORN
United Steel
22/8
842
US Rubber $8 pfil.
Smethwick Drop Forg... 16/8
381
U.S. Steel'
18
Great Northern Iron Ore
137
Vanadium
December May..... July
Great Northern Rly, pfd. 201
Warner Bros. Pict....
Great Western Bugar
241
401/401 517/52 517/512 514/512 521/521 521/521 521/521
WINNIPEG: WHBAT
401/491"
off
Greyhound Corpn.
201
10%
€21
537
December May July
60/60)
591/591
814/617 611/611 623/623
813/01}/
81/611 611/61
"off
bid.
!mek alv.
Open Market-Selling Rates
Spot December January February
Closing Opening 0/8-5/16 0/8-5/16 0/6-5'16 0/8-5/16 0/8-19/64 0/8-19/64 0/8-15/64 0/8-15/64 U.S. Dollars
Openng Closing $16-3/18 $16-3/16 16-3/18 16-5/32 16-1/8 16-3/32
Spot December January February...... 10
Market. Very quiet.
Merchant. Bates
Sterling, 0/8-5%1&· . U.S. Dollars, $16–1/8.
Silver Duty Rate
| Consolidated On
Continental Can Continental Ol Corn Products Curtiss Wright (C) Curtiss Wright "A"
The Central Bank of China's Gen. Electric rate on London at 10 am, to-day Gen. Motors
Was
1/2-1/24, unchanged from Gen. Railway: Signal
Glidden Co."....
yesterday.
The Equalisation rate was 4 per Goodrich (B.F) cent.
Goodrich $5 pf. -Reuter. Goodyear Tire & Co.
London Exchange.
London, Dec. 17.
Closing mean rates were is
follows:-
Paris, 177-37/04.
.New York, 4:01
Montreal 4.71-3/4
Brussels 27,75}
Geneva, 20.88
Amsterdam 8:59-3/4::..
Milan, 88-13/18
Berlin, 11.64)
_Prague, 136,
Hecker Products
Homestake Mining Int, Nickel
ཡཙྪཊྚེཡྻཚོ།ཙྪཱཀྐཎྜསྶཧྲྰིཀྑའོ།*ཨྰཿཏྲྰཾབྷཱ་ྲཝབྷཱབྷཱཨྰཿཞཱ ཿ8ཙནྡྷནྡྷཝཱ བྷཱཙཱཊྛཝཉྩེxདྷཙྪཊྚནཱ བྷཱཝནྡཊྛཱནྷིཙྪསྶཝཏྟཱ །སྶ
United Gas Improvement 208
Westinghouse Elec... 1184
Woodward, Iron, Cor.
Chase National Bank National City Bank
DOW JONES AVERAGE
(Brit. Stpd.) Tientsin-Pukow Aly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) 18 Tientsin-Pukow' Rly. 5%
"(Ger. 8tpd. Bupl Loan) 18. Jap. 5% Ster, Loan, 1907 45-3/4 Jap. 8% Ster. Loan, 1924 55 Ger, 7% Intl. Loam, 1924 44-1/2 Chartered Bank
Armstrong Stevens, ord.
8/3 Pressed Steel, com. ...... 14/- Vickers, ord.
21/9 Woolworths
....... 57/0 Anglo-Dutch
..... 25/3 Rub. Plant. Invest. Trust 27/3 Burma Corporation 8/7 Commonwealth Mining. 1/8 Marsman Investments... 15/8 Randfontein Estates 41/8 Western Holdings Sub-Nigel ier
9-1/8
HK. & 8'hai Bank (Ldn.
Reg.)
70
12/8
H.K. & S'hai Bank (Col
236/3
1918
High
Low Dow Jones Averages
158,41 88.95 80. Industriale
Deo. 2. 160.89
83.18 19.00 20 Rail
30 51
Dec. 18, 1938, High Low Close 180 90 150,03. 150.38 30.53 30.18 3
Reg.)
B1
Change
25.19 1.14 20 Utilit
22.42
Buenos Aires, 20.04
97:10 83.39 40 ̋ Bonds
89,59
Other rates unchanged. Wireless.
59.00 – $5,08-11 Commodity Index 47,63
.58 of .18 of 22.45 33.25 $2.29.13 off * 80.34 18 of 47.67.04 ug Business Done: -430,000 shares
Chinese Eng. & Mining
(beater).....
18/-
| Tanami Gold Mining........... '60,
Anglo-Iranian : "88/9 Burmah
83/13
December March
NEW YORK HIDES: (New Contracts),
12.05. N unquoted 12.17 N 12.45/45. 12.52/52, 12.57/57
NEW YORK-5TRAITS TIN
Chosen Corporatior...... Pekin Syndicate
7/8. 2
S'hai Mec, Constr.. Co..
25/-
Nominal.
Shell Trans. & Trad.
(bearer),
*—ex-dividend
81/3
Reuter,
March
45.86 b/48.20a 45.80b/46.15a 45.80/46.15% NY Bliver, Oficial... 42-3/4 NY-L'don Cross Rate... 4:68-7/8°
unquoted 4.67-9/18