FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
London
New York
Japan
Paris
15
Hongkong
1 fi
Spot December January February
PAGE 12 HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS|Shanghai Exchange
DECEMBER 28, 1938
ON LONDON:-
Telegraphic Transfer...
Bank Bills, on demand
Credits 4 months' sight 19
ON SHANGHAL:-
On demand
ON SINGAPORE:---
ON JAPAN:-
On demand
On demand (34
Open Market-Selling Rates Sterling
LONDON METALS
EXCHANGE
3 months 43-11/18. 43-3/4 Electrolytie 40-1/4 50
Standard, Cash 213-1/2 213-3/4
TIN
Official T.T. Rates
Shanghal. Dec.,, 20.
Opening
0/8 15-5/8 56-7/8 5.48 53-3/8
London, Dec. 19.
COPPER
buyers £
Standard. Cash 43-7/18 Standard.
STOCK EXCHANGE
sellers £
43-1/2
Bayern | Bellary Sales Nomiasi
TUESDAY, DEC. 20,
Buyure
Bellam
Balacla
$1995 $1340
Banks
H.K. Banks.
Do. (Col Beg.)............... Do. (Lon. Beg.).............. Chartered Banks
28:3
$1365
£791
ድውል .
Standard,
Opening Closing 0/8-5/16" 0/8-21/64
3 months 214-5/8
LEAD
214-3/4
497} | Moronatile Bka. “A” 213 Mercantile Bka. “C”! -89 Bank of East Asia...
N. C. & 8. Baaks ..........
Insuranese
813
$38
**
201 1210
$110
08-5/16 0/8 21/64 Foreign;
Cantos Insurance
$485 Union Insursades.........
$420
0/8-19/340/8-19/64 0/8-15/64 0/8-1/4
U.S. Dollars
Omolal Price 15
15-1/16
(76 ota) Underwriters.
8183 |H.K. Firse
170 cts.
$150
Foreign, Offe{a}
Shipping
13 months 15-1/8
8PELTER
15-3/15
161
Dougismus mamputers),
$601
$18
Steamboats
$18
Spot
$16-3/16 $16 1,4
December
18-3/16
63-3/16
| January
February
"18-18
16
16-732 Ordinary. 16-5/32
$60
Indo-Chinas (Př.)....
124
Indo-Chinas (Del.)......
Official Price 13-9/18
13-5/8
82.8
18-1/32 Ordinary, Omelal
AN
3 months 13-11/18 13-3/4 Final Afternoon Transactions
Merchant Rates
Tin, Standard, Cash. £214-1/2 buyers.
3115
$117
-$6,30
$1,35
Tin, Standard, 3 months, £215. 1/4 pald and buyers-Reuter.
43
#19)
$174
$100
Waterboats -veranseraie Docks, Wharves,
Godowns, sta. H.K. & K. Wharree... Prövidenta (old)........................ Providenta (Dew)..................... H.K. W. Docka....
Shanghai Docks 6......
& New Engineerings 8.
::
$9
$117 6.24
TH
ON INDIA:
Telegraphic Transfer... Lan
and demand
ON NEW YORK:-
Bank Bills, on demand 29
Credits, 00 days' sight 2"}
ON BATAVIA:
On demand
ON PARIS:-
Bank Bills, on demand 1095 Credits, 4 months' night 1150.
ON FALGON
On demand
ON MANILA :---
On demand
_ON_Bangkok:-
On doriand
Sterling Notes
Bank Buying Bate..... 13 14
Bar Silver per os
Market Report
From Bora Bros.
2-1
Silver prices rose yesterday to. the extent of 1/8 for Ready and
the Forward. 38. for
qpota- lons being 20.1/8 and 19.9/16 re-
Market Uncertain.
Sterling. 0/8-5/16.
U.S. Dollars, $18-3/16. #J
Sliver Duty Rate
The Central Bank of China's rate on London at -10 a.m.-to-day--- was 1/2-1/24.. unchanged yesterday.
from
The Equalisation rate was Så per cent-Reuter.
Calcutta Exchange
Calcutta, Dec. 19. TT. on Japan, 78-5/8—Reuter.
LONDON GOLD
London, Dec. 19.
Bar Gold, Fine per oz., 148/8. Dollar Parity, Id. premium.
-Reuter.
Y #351
Berlin Exchange
Berlin, Dec. 19. The Relchsmark was without guarantee at:
New York, 40.11 Paris, -1523
quoted
$18
$18
$101 $31
ordir, 178
Kailans
XD
9.35 Racks
17/8 $8.99
$3 7 ct
Vanezuela Gold Fide Hong Kong Mines......
Lands, Hotels, and Building
#02
$107)
190
H.K. Hotels verige H.E. Lands.......... Do. 4%1⁄2 Debatures
#9 Shanghai Landa A.
| H.K. Boultim'...enzaron
Humphrys .........
Chinma Ksisten „****** Cotton Milla
$18,40 Ewos (8.)
#6]
130
$10b
$5
$8.10.
C.All $16.20
$1008′bai Cottons (8.) ---
$10%
$21
Zoong Sings (8.)...............
$34
SPOT
BAU
Wing On Tartow (8.)
349
Public Utilit Kom
Tramway! A
$17,10
$6]
Psak Trams (old)...............
10]
NEW
YORK STOCK EXCHANGE
Fenk Trams (DEW}+
31
Star Ferries
1231
Y'mati Ferria C.E.§
$3
3:21
Do.
{arཝ)
**2}
China Lights (old)...... $10)
$10,30
Hu
Pking Lights (new).............
10
$50
H.K. Klectrics..................
58
spectively. Silver advices report- India Rupee Paper
with
small
ed a steady market offerings. Speculators bought. The market closed quietly steady with sellers at the quoted rate. American Silver was quoted at
42 3/4 for Spot.
The London New York cross- New rate was quoted at 467. 45. York London was quoted at 467. 3/4.
Märket..
Steady but quiet.
Sterling
There were sellers at 1/3 Decem- ber January, 1/2 31/32 February March and 1/2 15/18 Apr1 /June, buyers at 1/3 1/32 Cash January. 1/3 February March and 1/2 31/32 May /June..
US. Dollars
Nothing doing. There were sel-
lers at 29 1/4 December, 29 3/16
Mombay, Dec. 19. Govt. 3-1/2% Rupec, 98.--Reuter,
STOCKS
Adams Express
Alleghany Steel Co... Allis Chalmers Armerada Cогра Amer. Can
Amsterdam 73.75 to 73.80 London, 11.65.--Transocean
(Through Reuter's Service)
Amer. & Foreign Power
QUOTATIONS
21
January. 29 1/8 February and 29 Ameri & Foreign #7 pt.... 1/16 March, buyers at 29 5/18) Amer. Locomotive
Cash, 29 1/4 January, 29-3/16 Feb Amer. Metals Co. ruary and 29 1/8 March.
Shanghai Dollars
Sellers at 180 for Spot.
Shanghal Market
Steady. There were sellers at 8.
21/64 for Spot and US. Dollars at
16. 1/32 for Spot.
AFTERNOON MARKET
The market was extremely quiet
in the afternoon,
Sterting
The market finished with sellers Barnsdall Oll
at 1/3 December first half Feb-Bethlehem Stect ruary, 1/2 31/32 February /April Boeing Airplane Co. and 1/2 15/16 May June, buyers | Borg-Warner .......
at 1/3 1/32 Cash first half Feb-Bigga M'facturing ruary Apel and 1/2 31/32 May Brooklyn-M'hattan Trans. ¡June.
B'klyn M'hattan se cum pf. Canadian Pacific R'way.
U.S. Dollars
The market closed with sellers Case, J.L
at 29 1/4 December /first half Chesapeake & Ohio January, 29 3/16 January, 29 Chrysler Corpn. ... 1/8 February and 29 1/18 Columbia Gas &'El. March. buyers at 29 5/16 Columbia 6% "A" pf.
Cash, 29 1/4 January, 29 3/16 Feb |Commercial
ruary and 29 1/8 March.
Shanghai Dollars
Sellers at 179 1/3
Shanghai Market
STOCKS
Int. Tel & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford
#17 | Macao Elactrics persones
Bandakan Lights .......................
***
1231 | Telephones (old)..............
WEDNESDAY, DECEMBER 21, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE.
BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, December 19.
158
*82/6
SPOT JAN.-MARCH
APRIL-JUNE
SINGAPORE RUBBER
Dec. 17
buyers ??
sellers
Dec.' 19
buyers sellers
27-7/8
28-1/8
28-1/8. 28-3/8
28-3/8 28-5,'8
change
up 1/3
up 1.8 up 1/3
29 28-1/4 28-1/4 28-1/2 28-1/3 28-3/4 Reflecting conditions prevalling in London and New York the market opened with prices unchanged for all deliveries as compared with Saturday's closing quotations.
Throughout the session the market displayed a steady undertone. Good enquiries 'for "spot" Rubber influenced fair buying interest in futures by traders, whilst a more hesitant attitude was observed by speculators who prefer to await further developments with regard to Sterling before entering into, fresh commitments on any larger scale. Subsquently prices registered a slight advance of 1/8 cent for all deliveries on further trade-buying, the market closing with a steady undertone.
An unoticial estimate places Malayan Rubber Exports for Decem- ber at 31,000 tons as against 39,340 tons actually shipped during November.
APRILĀJUNE JULY-SEPT. -
Market steady.
77
LONDON RUBBIN
8
Previous close buyer sellers
8-1/16
change
To-day's close buyers sollera
8-1/8 -8-3/18 up 1/8 8-1/8 2-1/4 8-1/4 8-6/16 up 1/8 8-3/16 8-5/16 8-5/16 8-3/8 up 1/8
- NEW YORKE COTTON
The market early ruled quiet with price changes comparatively narrow. Scattered speculative and local buying was offset by un- encouraging cables, lack or Incentives, and liquidation. Finally, the market armed up and closed fairly active, with trade and Commission House buying and covering.
NEW YORK RUBBER
Prices advanced on higher cables, professional buying, good con- sumer demand and improved factory interest, which additionally aid- ed the market,
CHICAGO WHEAT
$8
Last Sale
*Last Bale
$0.00 Telephones (new)..................
Dec. 19
Doc. 19
FIKOLLORS -
101
„5,0
Tractions (pref.) ...................
94
251
Industrials
104
314
Cald., Macg. (Urd.) 8.
481
421
$18
Cald., Macg. (Prat.) 8.
681
Glass
$3
$1.70 Canton Loss
$160
981
Lockheed Aircraft
33+
3)
Loew's Inc,
514
$15.8 Cemente 事情
$151
Bope...
17
| Martin, Glen L.
341
Miscellaneous
271
McKesson & Robbins, $3 pt.
82450
Dairy Farmant,
8241
Ch. E'ainmanta sora
30.
Monsanto Chemical
106/
8.40
$8.70
Constructions (old)............ # 40
The market opened higher and him on overseas cabies, Liverpool buying and the strength of other grain markets. Later, it further hardened on better milling demand and some new buying.
Amer. Radiator ....
17..
Montgomery Ward
513
$17
Amer. Rolling Mill..
201
at. Dairy Products
121
}
Constructions' (NEW)........ |Lane Crawfordă.........
18
Amer. Sting and R'ing Co.
491
[Nat. Distillers
262
Nanyang Tobacco-
#31
Amer. Sugar Ring Amer, Tel- & Tel...
201
National Gypsum
154
32
147
Watsons
National Load
284
0.46
$7.40
Cb.G.5%1995€ (Bda.
Amer, Tobacco "B". Amer. Waterworks Anaconda Copper
851
Nat Power & Light
71
74
74%
H., Govt. 4% Loans
N. Y. Commodity Market
.6pm
$108
13
Nat. Supply Corpn.
143
H.I. Gort. 34% Lomas ), $100
paz
34
New York Central
181
$38
B.K. Wing O
137
Atchison, T. & S. Fe.
361
N. American Aviation
179
S'hai Wing On
Vibro Piling..
Auburn Motora...
37
North American Co.
218
87
#7
Maramans Inv. (LOL)
Baltimore & Ohic
61
Northern Pacific
101
15/9
(By Courtesy of Messrs. Swan, Culbertson & Fritu and,
S. E. Levy & Company)
2/0
Maramane Int. (HK)
Barber Asphalt C
201
Pacific Gas & Mec.
281
(90 c
Wm. Powells usin
190 ola
18
Pacific Lighting
424
*Sales to Shanghai
741
Packard Motors
44
33
Paramount Pictures
12;
312
Pennsylvania R.R.
204
LONDON STOCK
EXCHANGE
:
29
Phelps-Dodge
42+
12
Phillips Petroleum
417
38
Fubile Service of N.J.
301
(REUTER'S SERVICE)
New York Cotton New York Rubber Chicago Wheat Chicago Corn Winnipeg Wheat
Mar. Mar. May
May
- May
Prev. To-day's High Low Close Close Change 8.27 8.17 8 21 8.27 .03 up 16.43 16,24 16.16 18.33 18 up
67
661 661 661 521 521 513 524 614 "ait 81. 818
up up
+ up
51
Pure Oll
10%
887
Radio Corpn. of Am.
74
35
Republic Steel
+23
811
Reynold. Tobac. "B"
431
London, December 19..
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.
NEW YORK COTTON
Close Opening
Closing
Change
s
Schenley Distillers
16
£
£
70
Schenley, 51% pid.
681
War Loan, 31% (Red.
571
Bears Roebuck
741
after 1932)
97-13/16
Commonwealth & B. (ord.)
14
Shell Union Onl
141
Canton-Kloon Rly. 5%
18
C'wealth & 8. 6% cum pt. Consolidated Edison: Consolidated Off
46
Sovony-Vacuum Oll
13
Chinese 41% Gold Loan,
31-1/2" Gula Kalumpang Rubber 21/3 Allled Ironfounders ......
Shal Waterworks "A"... 19-1/2* Union Insurance
January (1939) March May July
8.24/24
8.22/22
8.29/30
05 up
8.21/21
8.19/19
8.27/27
.08 up
)
8.00/00
8.01/01
8.07/10
.IT up
7.72/72
7.72/72
7,80/82
.08 up
October
(,, )
7.16/46
7.44/44
7.55/55
.09 up
19/11
291
Southern Pacific
181
1898 (Brit. Issue)....
76
81
Southern Rly 35 pfd:
30
Chinese 5% Gold Bonds.
ASSD, & Elec. Industries 38/9 Austin Motora, ord,
December ( Epot
7.48. N
7.48/48
7.58 N
.10 up
8,66 N
9.72 N
.06 up
24/0
391
Standard Brands
61
1925-47
74
Cable & Wireless, New
NEW YORK RUBBER
304
Stand Gas & Mec.
31
Chin. 44% Anglo-French
Form, "ord.
36
631
Standard 'Oil of N.J.
51
Loan, 1906
60
3.-A. Tob. (bearer)
05/101
61
Stane & Webster
140
Chinese 5% Crisp Loan,
Cammell Laird, ord,
7/3
December March
16.276/320
18.42 N
.15 up
(1939)
16.15/15 18.25/24
18.33/85
.18 up
204
Swift International
271
1912
37
Mexican Eagle
5/3
May...
18.08/10 16.19/20
18.30/31
22 up
101
Technicolor
20
Chinese 5% Reorg. Loan,
Courtaulds
70
Texas Corpn.
45
1913 (Lan. Is.)
55
1472
Texes Gulf Bulphur
32.
Chinese 5% Ster. Notes
Eagle Picher Lead
121
| Träns-America "Co.
62
1925 (Vickers)
13-1/2
Elec. Bond & Share
101
20th Cent. Fox.
243
Chin. Imperial Rly. 5%
Elec. Bond & Share $5 Dr.
80*
2mh Cent, Fox. $14 pt.
34
Loan
72
Elec. Bond & Share $6 pf.
601
Union Carbide & Carbon
884
Honan Rly. 5%
26
Distillers
Dunlop Rubber
Gen. Electric (England) 78/9 Guinness (A) Bon & Co. 104/6
Hawker Siddeley Aire.... 24/- Bristol Aeroplane .............................
28/41 90/8
September October
16.11b/15a
16.30/31
.19 up
18.08b/153
16.30/30
22 up
24-
Sales for the day :——-
3.010 tons
22/3
Elec, Power & Light $7 pf. Flintkote
37
Union Pacific
801
Huknang Rly. 5%. 1911...
25
28
United Aircraft
418
Hukuang Rly. 5%, 1911
Imperial Chemical Ind. 30/- Imperial Tobacco
130/-
Gen. American Trans, .........er
கக
United Airlines Trans.
121
(German Issue)
23
Marks & Spicer "A" ord. 55/8
Gen. Electric
424
United Corpn.
21
Lung Tsing & U. Hai Rly..
Rolls Royce ......
109/-
December May July
Gen.. Motom
481
United Corpa. 43 cum pf. 331
5%..
13-1/4
Leyland Motors
.70/-
Saturday's Sales:
CHICAGO WHEAT
631/031 .651/601 864/681*
651/651 601/68) 881/601 8,481,000 bushels
84/631
867/664
..up
598
up
Gen. Railway Signal
23+
United Gas Corph.
21
Glidden Co
24
.
United Gas Improvement 104
Goodrich (B.F) ...........
24
US. Rubber
501
Goodrich $5 pl. .....
64
U.S. Rubber $8 pfd.
99
Goodyear Tire & Co.
38
U.S. Steel
651
Great Northerti Iron Ore ...
13)
Vanadium .....
27
Great Northern Rij, pła. 201
Warner Bros. Pict.
51
24+
Westinghouse Eleo,
118.
S'hai-N'king Rly. 5%... Tientsin-Pukow Rly. 5%
(Brit., Stpd.) Tientsin-Pukow Rly, 6% (German Stpd.) ...... Tientsin-Pukow Rly. 5%
(Brit. Std. Supl, Loan) 18 Tientsin-Pukow Rly. 5%
24
Tate & Lyle
54/3.
Turner & Newall
75/71
'CHICAGO CORN
18-1/2
United Steel ........
22/8
Smethwick Drop Fors...
16/6
December
491/401
18
Armstrong Stevens, ord.
8/3
Pressed Steel, com.
·14/-..
May July
514/611 521/521
501/50 521/521 521/521 53/53
531/521
1. up
tip
-up
Vickers, ord.
22/-.
Woolworths.
57/9
WINNIPEG WHEAT
Greyhound Corpn.
201
Woodward Iron Cor
254
101
Chase National Bank ...4
29**
0212
|National City Bank
22 ↑
537
(Ger. Stpd. Supl. Loan) 18 Jap. 5% Ster. Loan, 1907 45-1/4 Jap. 6% Ster, Loan, 1924 54-3/4 Ger. 7% Intl. Loan, 1924 44 Chartered Bank
Anglo-Dutch
25/3
Rub. Plant Invest. Trust Burma Corporation Commonwealth Mining 1/8
27/3
December la
8/11
May
July
591/591
591/58) *81/618 611/014 611/611 811/811 817/611 617/82
up
1 up
9-1/8
Maraman Investments... 15/0
•-bid.
1-ex, div.
H.K. & 8'hai Bank (Lán.
Rez)...
Randfontein. Estates
39/201
79-1/2
Western Holdings
137-
HK, & Shai Bank (Gul.
Sub-Nigal
228/9/
December
· 1938
Dec. 20, 1938,
Reg.)
$2
Tanami Gold' Mining......
Bd.
March
High Low Dow Jones Averages. LORA! BEDS 20 Industrials A
83.18 19.00 10 Railr
Dec. 2.
150 38
3185
High Low Class 101.77 149.72 180.33 20.81 30.10. 20,94
Change 0% un
Chinese Eng. & Mining
Anglo-Iranian
89/41
(bearer) +
17/6;
Burmah
83/9
-NEW YORK HIDES: (New Contracts)
12.17 N unquoted 12.21 N 12.57/57 12.63/60 12.61/61
NEW YORK-STRAFTS TIN
.11 off
Chosen Corporation
·7/0
Shell Trans.
Trad.
15.19 15.1420 Tellisten.
29.9
9999*-83.30 · 40 Bruids
82.31
58.00 45.03 11 Commodity Index 47.87
· 12.66: 29.05 29,11 Ja o
89.30 48.13
Pekin Syndicate
: 2/-
(bearer)
.82/6
March
04. of 43 up
S'hal Elec: Constr. Co...“.
25/-
*---Nominal.
tex-dividend
-Reuter
*45.80 b/46,156 45.75b/48.10a 45.90b/46.20% NY Bulver, Official 42-3/4 NY-L/don Cross Rate... 4.07-9/18
42-3/4 4.87-3/4
Business Dono:-1,100,000 shares
The market opened in the ar-Continental Can ternoon with sellers at 8. 11/32 Continental Oll and subsequently the rate rose to Corn Products 23/64.
The market was alightly Curtiss Wright (C) easier at the close with sellers at Curtiss Wright "A" 8: 11/32 for Spot. US Dollars. Distillers Corpn. Seagrams the market opened with sellers in Douglas Aireraft the afternoon at 18. 7/32 and then
rose to 18. 9/32, closing with sellers
at 16 1/4 for Spot.
London Exchange
London, Dec., 19.
Closing mean rates were as
follows:-
Paris, 177-33/84
New York, 4.67
Montreal, 4.71
Brussels. 27.75$ Geneva, 20.66J Amsterdam, 0.00.
Milan, 881
Berlin, 11.654
Prague, 1301
Buenos Aires, 20.851
Other rates were unchanged.
British Wireless,
New York Exchange
New York, Dec. 18.
T.T. on London (Opening Ratė), 4.87-1/2-Reuter.
Paris Exchange
Paris, Dec, 19... Sterling was quoted at 177.48
to 177.54. US. Dollara at 37.925 to 37.94-Transocean.
Du Pont de Nemours
Great Western Sugar"
Hecker Products
Homestake Mining Init. Nickel
DOW JONES AVERAGE