London
TR/K
New York
Japan
Paris
PAGE 12-HONGKONG DAILY PRESS
16
MONEY AND EXCHANGE
CLOSING QUOTATIONS Shanghai Exchange
||
DECEMBER 29, 1939
"On London) -----
Telegraphic Transter:
Bank Bills on demand Credits 4 months" sight
SILVER MARKETS
NEW YORK SILVER
New York, Dec. 28. Little speculative selling. Sup- port limited. Market steady. In the afternoon, the market was quietly steady, with buyers at the Tate and sellers at 1/18 over.
Spol.
202. 19-1/2d.
-Reuter
Official T.T. Rates
Shanghal. Dec. 20.
Opening
08.
15-5 R
58-7 8
Forward
$1400
£83)
5.48
On Rhanghal-
On demand
172 rom
Hongkong
53-3 8
NEW YORK SILVER
On alngapore:--
Open Market-Selling Rates
New York, Dec. 28.
On demand
34
Sterling
Official Price, 42-3/4.-Reuter.
213 188
On Japan:---
On demand,
B
Spot
On India:-
'Telegraphic Tronster.
#3
and demand
December.... January ...... February
거
On New York:---
Bank Bills, on demand 28 79
On Batavia
Credita, 80 days' sight 29 3/8
On demand
: Spot
Opening Clcsing 0/8-37/84 0/8-31/64 0/8-37/84 0/8-31/64 0/8-0/16 0/8-29/64 0/8-33/64 0/8-13:64 U.S. Dollars $16-11/16
BOMBAY SILVER
Bombay, Dec, 28.
Market-Qulet but steady.
Oirtake 20 bars.
DEO.
Banks
.H.K. Banka
Do. (Col. Reg.) Do. Lon. Reg.)... Chartered Bank
Mercantile ks. "A" Marcantile Eks. "C" Bank of East Asia... N. C. & B. Banks
Insurances
$20) Canton insurances
Union Insurances Underwriters
$178H.K. Fitos
FINANCE
HONGKONG
STOCK EXCHANGE
SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
NoTHURSDAY 29.
Buyers Sellers Sales Nomina
$1400
£88
£83)
£271
£13
$X.B
$2
BY00
$485
70 ctx,
+1:0
Indian Mint Silver
Shipping
Ready
December January
18-11, 16
10-5/8
53/18 February
16-1/2
$16-1/2
51-05 51-04 16-1 2.Jan. 18 Settlement... 51-04 51-03 51-02 51-01 18-13 32 Feb. 14. Settlement
-Reuter. 16-9/32
183
Douglases
$18
Steamboats
$19
FRIDAY, DECEMBER 30,
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
1938.
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, December, 28, 1938.
SINGAPORE RUBBER
SUO
Indo-Chinas
(Prof.
858
624
Indo-China (Def.)...
$24
80/7
Bholls
180/71
On Parts:-
1.
Market.Uncertain.
Unofficial Quotations
+99
Bank Bills, on demand 1090 Credits 4 months' sight 1145
On Saigon
Merchant Rates Sterling. 0/8-1/2. US Dollars, $18-1/2.
Bombay, Dec. 29.
Ready
51-02
On demand
109
-Reuter
Or Manlia: --
On Bangkok-.
On demand
On demand
47 78
Silver Duty Rate The Central Bank of China's rate on London at 10 am, to-day 1/2-1/2d.. unchanged from
January 18 Settlement February 14 Settlement 50-15
Market.Quiet.
#118
Waterboata
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharves
SPOT
JAN.-MARCH
APRIL-JUNE
51-01
14.35
Providenta (old)
$0.15
Providents (new)
H.K. & W. Docks...
clot
-Reuter.
$17
Do. (now)
3100 Shanghai Docks S.
Sterling Notes: ---
Bank Buying Rate
-1.18
Bar Silver per oz.
Market Report
S
yesterday.
The Equalisation rate was 5 per cent.--Reuter.
London Exchange
RESERVE BANK OF INDIA RETURNS
Calcutta, Dec. 28.
$3
Dec. 16 Dec. 23
as
Berlin, 11.63).
was
Market
Steady
Storting
There were sclters at 13 Decem- ber/January, 1/2 31/32 February April and 1/2 15/16 May July, haytirs at 1/3 1/32 Cash (January. 1/2 February /April and 1/21 31/32 May July
U.S. Dollars
There were sellers at 29 3 16 first half of January, 29 1/8 first
Amer. & Foreign Power
halt of March. buyers at 29 1/4 Ameri & Foreign 7 pt.... 187 for each. 29 3/16 January, 29 1/8 Amer. Locomotive February and probably 23 1:18 Amen. Metals Co. March.
Opened with sellers at 174 1/2Amer: S'ting and Ring Co. with business done subsequently Amer, Sugar R'ing
at 175 1/4 for Spot.
Shanghai Market Opened with sellera at. 8. 37764 but subsequently eased off to 8. 33/84 for Spot. US Dollars open- ed with sellers at 16. 11/18 and closed at noon with sellers at 16. 9/16 for Spot.
AFTERNDON MARKET The market was quiet in the `afternoon.
Sterling
The market closed with sellers at 1/3 December (January) "1/4 31/32 February ƒ April and 1/2 15/16 May July, buyers at 1/32) higher respectively
U.S. DollarS
Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohto
Biggs M'facturing Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pr. Canadian Pacific R'way. Case. J.I.. Chesapeake & Ohio Chrysler Corpn
The market closed with sellers Columbia Gas & El. at 29 3/16 December first half Columbia 6% "A".
or January. 29 1/6 frst half of Commercial
From Rota Bros.
Silver prices dropped 3/16 yes- terday for both deliveries, the quotations being 20 for Ready and Silver advices 19. 1/2 for Forward
market reported the
being "stendy with very little support. Speculators sold to a small extent. The market closed with buyers at the quoted rate, sellers bid 1/16!
Suver higher. American quoted at 42 3/4 for Spot.
The London New York cross- rate was quoted at 466. 62. New York /London was quoted at 466. 5/8
Paris. 177-7/64. New York, 4.66-5" 8.
Montreal, 4.71).
Brussels, 27.69.
Geneva, 20.68.
Amsterdam, 8,581.
Milan. 88-11/16,
Buenos Aires. 20:42)....
Other rates were unchanged. British Wireless.
STOCK EXCHANGE
(Through Reuter's Service)
QUOTATIONS.
"London, Dec. 28. Closing mean rutes were as fol- lows: -
Notes in circulation (including Notes
| #500 Now" "Engineering, S.
17/6 Kalna
8.35 Raubs
Venezuela Gold Fide
7 etxiong Kong Mines... Lands. Hotels and Buildings
635 $3.15
817)
331
Dec. 23
Dec.28 buyers sellers buyers sellers
28-1/8 28-3/8
28-1/2 28-3/4 up 3/8 28-3/8-23-5/8 28-5/8 28-7/8
up 1/4 28-5/8
29 28-7/8
29-1/4 up 3/8 After the X'mas holidays the market opened 3/8 of a cent higher for all deliveries as compared with Friday's Closing rates.
demand After the opening the market ruled steady. Fair
for "spot" Rubber by consuming countries induced some buying of "futures" by dealers and speculators.
change
Mining
17/8 $2.00)
ابه
Subsequently, however, the market, became ensler, whilst prices registered a decline of 1/4 cent for all deliveries due to some liquida- tion which chiefly consisted of profit-taking.
Closing tone was easy..
Malayan Rubber Statistics were released as follows:-
Nov.
1.
held in the Bank- ing Department). 20,696 20.631 Rupee Coin and Eul-
$170 $0.65 36.70 826
1.K. Hotels. HI.K. Lands 9.
Oct. 1938
$6:0 €36
Total Dealers' stocks in Malaya
llon in India........ Gold Coin and Bul- llon in India ......
4,154
4.154
83
$107.4"Debenture
Shanghai, Lands I.K. Realties Humphreys ....
$106
Total Estates' stocks in Malaya
37,815 44,414 Toris 42,295 38,898
S.
85
Production on Estates of over 100 acres Production on Estates of less than 100 acres
18,026 18,448
5,312
9,648
18.50
Chinese Estates
4,154
4.154
LONDON RUBBER
Colton Mills
Securities ( Indtun
3182
Kwas (8.)
#187
Government)
3,235
3.335
dil4
S'hai Cottons (8.) ...
8102
Securities
(British
Zoong Sings (B.)....
$24
Government)
5,950 5,950
$10
Wing On Textiles' (S.)
$42
SPOT
Public Utilities
(Figures in lakhs of Rupees) -Reuter.
$171
317.20 APRIL-JUNE
Previous close buyers sellers
8-1/8 8-3/16 8-1/4
Tramways
go
Pauk Trams (old)
181
JULY-SEPT,
8-5/16
Poak Trams (new)
13)
Market steady.
To-day's close buyers sellers
8-3/16 8-5/16. 8-5/16. "'8-3/B 8-3/8 8-3/8 8-7/16 Little first-hand selling was well absorbed.
8-1/4
change up, 1/16
· up 1/18
up 1/18
3714
Star Ferries
NEW YORK
13
$671
$10.60
123
STOCKS
Last Sale!
STOCKS
Last Sale
$1,60
Telephonse (DOW)
Dec. 28
Dec. 28
Tractions
.:1.3
Adams Express
101
TH
Alleghany Steel Co. "Allis Chalmers
201
481
Amerada Corps............. Amer. Can
661
DO
half of February and 29 1/16 first
21
Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford Lockheed Aircraft Loew's Inc.
9
.5,U
Tractions (pref.)
102
Industrials....
Cald., Macg. {Orch) S.
417
$13
Glass $11
Cald., Macg. (Frcí.) S. $1.70 Canton Ines.....
$1.00
36.
#154
523
| Martin, Glen L
342
291
McKesson & Robbins. $3 pl.
372
Monsanto Chemical
1061
36.90
Shanghai Dollars
Amer. Radiator
Amer. Rolling Mill
·172
Montgomery Ward
511
201
Hat, Dairy Products
121
38
Cements
Ropes
Aliscellaneous
Dairy Farms
Ch. E'tainments ......
Lane Crawfords
$15
342
$24)
$8.20
Constructions (old)
Constructions (new)
514
Nat. Distillers
267
Nanyang Tobacco
191.
National Gypsum
151
Hincares
148
National Load
Watsons
37.40
201
76 Ch.G.5% 19250 Uds.
887
Nat Power & Light
72
"/pa
123
Nat. Supply Corpn.
144
II.K. Govt. 4% Loans H.K. Govt. 31% Loan
9106
N. Y. Commodity Market
$100
.37
341
New York Central
201
$36.K. Wing On
S+
392
N. American Aviation
18
4)S'hat Wing On
31
North American Co.
214
7
Northern Pacifc
131
Barber Asphalt C
191
Pacific Gas & Elec.
291
Barnsdall Ol
181
Pacific Lighting
424
Bethlehem Steel
73
Packard Motors
41
Boeing Airplane Co. Borg-Warner
33
Paramount Pictures
124
311
Pennsylvania R.R.
221
Vibro Piling
15 Maramans Inv. (Lon.)
Karinans Inv. (K.)
90 als, Wm. Powelle
*Sales to Shanghai
LONDON STOCK EXCHANGE
$6.80
(By Courtesy of Messrs. Swan. Culbertson & Fritz and S. E. Levy & Company)
311
Phelps-Dodge
42
111
Phillips Petroleurn
421
32
Public Service of NJ.
304
(REUTER'S SERVICE)
51
Pure Oil
101
871
Radio Corpn. of Am.
71
357
Republic Steel
231
821
Reynold Tobac, "B"
421
H
the market in London. All quotations are subject to confirmation and no responsibility is assumed. for errors in transmission.
London,' December 28.
The following quotations are the middle prices at the close of
New York Cotton"
Mar.
New York Rubber
Mar.
Chicago Chicago
Wheat Corn Winnipeg Wheat
- May -May
May
Prev. To-day's High LOW Close Close Change
8.47
8.33 8.33
8.46 .13 up 16.58 16.50 16.58 18.53 50 on".
68 881 53 524 52+ 631 621
681 681
33 621 63
tup + up
up
NEW YORK COTTON
J.
I
Close
Opening Closing
Change
睡
Schenley Distillers
181
£
3
70
Behenley, 54% pid.
661
581
Sears Roebuck.
731
War Loan, 3% (Red.
after 1952)
February and 29 1/16 first half commonwealth & 8. (ord.)
14
Shell Union Oll
143
Canton-Kloon Rly. %
of March, buyers at 29 1/4 for Cwealth & 8. 6%. cum pf:
441
Bocony-Vacuum Ou
121
Chinese 41% Gold Loan,
cash, 29 3/16 January, 29 1/8 Feb Consolidated Edison
291
Southern Pacific
191
4
JI
ruary and probably 29 1/16 March. Consolidated Oll
Shanghai Dollars
Continental Can
Sellers probably at 176 1/2 for Continental Off Spot.
Shanghai Market Sellers were indicated at 8. 1/2
for Spot and UB. Dollars at 10.
1/2 for Spot, Weak
New York Exchange
New York. Dec, 28. TT on London (Opening Rate: 4.66-15/16. Reuter.
Calcutta Exchange
Calcutta, Dec. 28.. TT. on Japan, 78-5/8-Reuter
India Rupee Paper
Bombay, Dec. 28. Gort, 3-1/2% Rupee, closed.
-Reuter,
Paris Exchange
Paris, Dec. 28. Sterling was quoted at 177.05
177.10: US Dollar at $7.95.
Berlin Exchange
-Transocean.
Bedia, Dec. 28,
Was The Reichmark
quoted without guarantee at: New York 40.10, Paris 1523. Amsterdam 73,75 to 73,80, London 11.045.
-Transocean
Com Producta
81
Southern Rly $5 pfd.
331
411
Standard Brands
61
1898 (Brit. Issue)..... 77 Chinese 5% Gold Bonds,
1925-47
75-1/8
201
Stand Gas & Elec,
31
Chin. 41% Anglo-French
S'hai Waterworks "A"... 19-1/2* 31-1/2" 97-15/16 Union Insurance
Gula Kalumpong Rubber 21/3 19
Allied Ironfounders
19/0 Asso. & Elec. Industries 38/8 Austin Motors, ord....... 24/8 Cable & Wireless, New
Form, ord."
January March May
(1930) (..)
8.28/26
8.25/24 8.40/43
.14 up
8.33/34
8.38/35
8.46/47
13 up
< ..) July (..) October (..) December (w) Spot
8.15/15
8.15/14
8.27/28
.iz, up
7.85/85
7.87/88
8.00/00
15 up
7.54/54
7.54/54
7.68/68
14 up
7.59/59
7.67/57
7.71 N
.12 up
8.78 N
8.91 N
.13 up
631
Standard Oil of N.J.
511
Loan, 1908
58
E-A. Tob. (bearer)
34-1/4 $4/4)
NEW YORK RUBBER
[
Curtiss Wright" (C.)
67
Stone & Webster
161.
Chinese 5% Crisp Loan.
Cammell Laird, ord.
Curtiss Wright "A"
281
Swift International
271
1912
.37-1/2
Mexican Eagle
7/41 5/3
March
(1939)
Distillers Corph. Seagrams. 201
Technicolor
21+
Chinese 5% Reorg. Loan,
Courtaulds
Douglas Aircraft
771
Texas Corpn.
487
1913 (Ldn. Is.)
BT
51
Distillers
28/41 89/-
May.....
Du Pont de Nemours
150
Texes Gulf Bulphur
31
Chinese 5% Ster. Notes,
Dunlop Rubber
23/11
September October
18.58/60 16.48b/50a 16:49b/53a 16.65 A
10.53/53 16.55/50 16.48/49
18,40b/43a 10.40b/45a ...09 .off 16.40 A..
.25 off
.05 off
.06 off
Eagle Picher Lead
132
Trans-America Co.
61
1925 (Vickers)
13-1/2
Elec. Bond & Share
01.
20th Cent. Fox.
251
Chin. Imperial Rly. 5%
Elec. Bond & Share $5 pf.
58
20th Cent. Fox, $14 pf.
331*
Loan'
73
Elec. Bond & Share $6 pf.
03
Union Carbide & Carbon....
88
Honan Rly. 5%
28
Gen. Electric (England) 78/3 Quinness (A) Bon & Co. 104/6 Hawker Siddeley Airc... 24- Bristol Aeroplane
Sales for the day:-
860 tons
CHICAGO WHEAT
22/6
Elec. Power & Light $7 pf. Flintkote ....
351
Union Pacific,
921
Hukuang Rly. 5%, 1911... 25-1/2
287
United Aircraft
417
Hukuang Rly. 5%, 1911
Imperial Chemical Ind. 30/14 Imperial Tobacco
May
681/08
129/41
Gen. American Trans,
581
United Airlines Trans.
12
(German Issue)
23-1/2
Marks & Spicer "A" ord. $5/3
July September
68/681 677/671 08/681
6847687
68+/681
681/681
69/69
998
Gen, Electric
431
United Corpn.
21
Lung Tsing & U. Hai Rly.
Rolls Royce'.........
109/4)
Gen. Motors
50.
United Corph. $3 cam, pf.
34
5%
Gen. Railway Signal
25
United Gas Corpn.
21
13-3/4 S'hai-N'king Rly. 5% 24-1/2.
Leyland Motors
Tuesday's Sales---
60/3
Tate & Lyle
54/41
Turner & Newall
12,998,000 bushels
CHICAGO CORN
Glidden Co.
23
United Gas Improvement 11
Goodrich (B.F.)
24
US. Rubber
524
Tientsin-Pukow Riy. 5%
(Brit. Btpd.)
75/71
17-172
United Steel
23/41
Goodrich $5 pf.
65.
U.S. Rubber $8 pid.
1011
Goodyear Tire & Co.
371 U.B. Steel........ 132 Great Northern Iron Ore ... Great Northern Rly, pid... 291 Great Western Sugar .....
25 Greyhound Corpn.
671
Vanadium
27-
Warner Bros. Pict,
51
Westinghouse Elet.
1181
Tientsin-Pukow Rly, 5%
(German Stpd.). Tientsin-Pukow Rly. 5%
(Brit. Stpd, Supl. Loan} Tientsin-Pukow Rly. 5%
Smethwick Drop Forg... 16/6
May
17-1/2
Armstrong Stevens, ord: 8/3
July
Pressed Steel; com.
14/6
September
521/521 628/627 53/53 538/53 547/541
up
639/531
63+/531
547/542
$$$
17
Vickers, ord.
22/6
WINNIPEG WHEAT
Woolworths
58/-
·201
Woodward Iron Cor.
247
Hecker Products
104
Homestake Mining ..... Int. Nickel
04
Chase National Bank National City Bank
301*
231*
551
(Qer, Stpd. Supl Loan) 17 Jap. 5% Ster. Loan, 1907 44 Jap. 6% Ster. Loan, 1924 53-1/2 Ger. 7% Intl. Loan, 1924 43-1/2 Chartered Bank
Anglo-Dutch
25/3
Rub. Plant. Invest. Trust 27/3 Burma Corporation
8/6
Commonwealth Mining.. 1/4
December May July
611/611
811/614
823/624
621/83
631/831
9-1/8
*...-bid.
H.K. & Bhail Bank (Ldn.
Marsman Investments... 15/101 Randfontein Estates
39/7/
Reg.
83-1/2
Western Holdings
12/0
March
DOW JONES AVERAGE
1928
High Low Dow Jones Averages. 159.41 88,95 30 Industriāla
88.18 19.00 10 Raile 95.19 114 90 Utilitie
12.70 83.39 40 Bonds
89.57
59.00 45.08 11 Commodity Index 49,39
Dec. 29, 1936, Dec. 17. High Low Oingo Change 150,43 151.95 149.59 151.45 - 199 op
31 55 22.87 31.04. 2LIS
.87 up
Chosen Corporatior 31.0 21.34 21,95 PLAS 38 up Pekin Syndicate
99.61 49.53
HK. & Bhat Bank (Col
Reg.)
Sub-Nigel
227/0
June
88
Tanami Gold Mining......
6d.
Chinese Eng. & Mining
(bearer)
Anglo-Iranian
28/9
17/8
Burmah
82/0
7/-
Shell
· Trans.
2/-
(bearer)
09 up 14 up
B'hal Elec. Constr. Co.
25/-
Nominal.
& Trad.
f-ex-dividend -Router
March
80/71
631/631 634/63 631/830
NEW YORK HIDES; (New Contracts)
12.82/85 12.76/778 12.86/88 l; 13:24/24 13.11b/15a 13.17/19
NEW YORK-STRAITS TIN
46.25b/50a NY Silver, Official 42-3/4, ©NY-L/dọn 'Cross Rate... 4.88-1/2
ធម៏ ៩ ·
40.15b/450
46.35b/50& 42-3/4 4.86-5/8
Basiness Doner-2,160,000 sharDA
Yali Forties C.R.S
Do. (new)$
China Lights
H.K. Electrics
$17 Macao Electrics
Sandakan Lights [Tolephones (old)
1321
$22
China Lights (0)
cum.irts
19,60
Hts.
#371
813
$8
29/
-NEW YORK COTTON
Early in the session, the market was irregular, but later armed up under the lendership of January short-covering, scarcity of offer- ings, favourable conditions in dry-goods trade and better foreign de- mand.
NEW YORK RUBBER
Prices ruled higher on good foreign cables, but later eased ori Eastern selling and the uncertain foreign situation.
CHICAGO WHEAT
The market advanced on firm · Liverpool advices and unfavourable weather reports, while the political uncertainties in Europe were a steadying factor.