1
PAGE 12-HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JANUARY 3, 1939
On London:~~
Telegraphic Transfer.
12
1/8;
172 nom
Bank Bilis, on demand f Credits 4 months' sight
On Shanghal
On Singapore:--
On demand
On Japan:-
On demand
On demand
On India.
Telegraphie Transfer.
and demand
On New York:--
1082
ו י
Bank Bills, on demandes 3/4 Credits. 60 days', sight 99–174
On Batavia-
Un demand
On Paris:-
Bank Bits, on demand 1080 Credits 4 months" sight (14),.
On Saigon:---
On demand
Un Manila
On demand
On Eatkok
On demand
Sterling Notes:-
|
Bank Buying Rate
Har Silver per 02.
1469
Market Report
From Reza Bros The price for Ready Silver rese 1/16 over the holidays to 20. 1/16 but the Frward rate was un- changed at 19. 11 16 Silver d vices reported 4 Steady market with a small business done Spe- culators bought. The market
closed with buyers at the quoted Tit but gellers were scares American Sliver was quoted at. 47 3/4 for Spot
The London New York, cress rate was quoted at 464.37. New York London was quotedų al. 464.
Quiet.
Market
'Sterling
'HUNAN IS RESERVOIR
OF STRENGTH
Reconstruction Programme To Aid Resistance
CHANGSHA, Jan. 3 (Intl)-Hanan pròviner has become one of the nation's main bulwarks against Japanese penetration into the in- terior. Its supreme, importance lies in the fact that it holds sho railway link between Canton and Hankow.
Economically. Hunan is second to none in the developed re- sources of China. Every year it exports over 10,000,000 piculs of rice, besides extracting 700.000 pleuis of tung wood) ol and pro-
eng 500,000 piculs of tea from its rich soil.
Since the Lukuochlao outbreak, also aims to increase the bitumini- the provincial authorities have ous coal output from the mines in Sangtan. Siongstang and Anjon spared no efforts in further ex-
wealth of Hunan. districts by at least 350,000 tons ploiting the
ital capital of Forms have been more intensively annually. An cultivated white marginal lands $600,000 has already been appro- have been utilized. Many hitherto printed by the Provincial Govern- inconspicuous towns are now hum- ment to carry out this project ming with new industries while in
One of the most urgent wartime almost every village handicrafts tasks, confronting the Chinese dis- are occupying the former leisure, tricts is the storage of surplus food the granaries for emergency tours of the country folk.
Heading
vast economic
Hand provinge is lacky ta scheme the Provincial Recon- have the rural co-operatives raring struction 'Department, which aims for this pressing need.
this
9,000,000
TIPA.
In
1
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIATION
"
$1456 $1480
STOCK EXCHANGE
Buyers | Bellars
Jale Komin!!
TUESDAY 3,
Buyin Bollar
Salon Namina
JAN.
Banks
£13 188
Do. (Col. Reg.)
Do. Lon. Reg.)
201 Chartered Banke ..... El Mercantile Bks. "A" Marcantile Bka, "✡”
Bank of East Anis ... N. C. & 8. Banks
Insurances
Canton Insurances ...
Usion Insurances
Underwriters
ELK. Banks gim
81450
100
£90
ER
"Ex7
£13
$38
$200
$485
70 cts.
WEDNESDAY, JANUARY 4, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
Dec. 31
... change.
1210 $478
170 ota
8178
H.K. Fires
01.
Shipping
*1631
Douglases
318
Sinamboats
33
Icdo-Chinas
858
(Prof.)
+21
lado-Chinas (Def.)...
$4
83/8 Sholis
$92/6
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York. December 31, 1938.
SINGAPORE RUBBER
Waterboats"
Dacks, Wharves,
Dec. 30
Godowns, etc..
buyers sellers buyers sellers
#115 $117
H.K. X. Wharves
116
$-14 $8.0
Providents (old)
6.35
26.41
SPOT
28-1/8 28-3/8
Providents (new) ....
$4.15
JAN.-MARCH
28-1/4. 28-1/2
10
H.K. W. Docka....$18
$18.
Do. (now)
$171 201
APRIL-JUNE
29-5/8 29-7/8
#100,Shanghai Docks 8,
1560 New Engineerings B
Mining
17/6 Kata
Raubs
Venezuela Gold Fld
Tetong Kong Mines ... Lands. Hotels and
$3)
Market closed.
1726
LONDON RUBBER
B.EL.
kit
8-7/16
Previous close To-day's close buyers sellers buyers sellers
B-3/18 8-1/4 8-5/16
4
change
CLOSED
= :
$8.36
23
to increase Hunan's annual rice
Chinese bankers, who have al- production by
piculs ready foresen a day when these This the Department officials con-agra tan communities will presper, sider, can be done by u
are jointly fending money to the Improvement scheme which farmers through the co-operatives ludes selection of superior seed, the extent of $6,000,000, which adoption of a three-crop harvest, capital, together with the increas- credit extension to enterpris'ng
in improvement The rural farmers and choosing 22 Hunan communication systems, will help experimental centres. to make Hurian a reservoir of
economic strength for continued 817.65 $17.80 Rehabilitation programme resistance.
districts.
as
COAL OUTPUT
There were sellers at 173 Jan-Aills Chalmers uary/February, 1/2 31/32 March: Amerada Corps.
April and 1/2 15/16 May July. buyers at 1/32 higher respectively. U.S. Dollars Sellers at 29 January, 28 15/10 February and 28 7/8 March, buy-
ets at 29 1/16 January. 29 Feb- ruary March.
and probably 28
Shanghai Dollars
Nominal at 178 1/2.
Shanghal Market
Market was closed to day. ..AFTERNOON MARKET The market was quiet in the Lernoon.
Sterling The market closed with seliers at 1/3 January February. 1/2 31/32 March April and 1/2.15/18 May/July, buyers at 1/31/32 Cash February, 13 March/Apri and 1/2 31/32 June.
Amer. Metals Co. Amer. Radiator
· QUOTATIONS
Baltimore & Ohio Barber Asphalt C Barnsdall Of ....... Bethlehem Steel Boeing Airplane Co. Borg-Warner Biggs M'facturing Brooklyn-M'hattan Trans. B'klyn-M'hattan 80 cum pf. Canadian Pacific' R'way.... Case, .I Chesapeake & Chlo Chrysler 'Corpa. Columbia Gas & El. Columbia 6'
23
CLOSED
Buildings
SPOT
II.K. Hotels
$6.95
9,90 17
$36 8
H.K. Lands ......k.8. 31074 Tiebantures
Landa
2304
APRIL-JUNE
$105
JULY-SEPT.
8-3/8 8-1/2
S.
K. Tenities
84 20
Market closed,
$8.80
BJ
Chinese Estates" ......
Cotton Mills
NEW YORK COTTON
ex, div. $18,13 Exos (9)
& div, $16.10
8.02
S'hai Coltons (S.)
Market closed.
124
$14
Zong Sings (9.)
312
$10.
Wing On Textiles (S.)
Public Utilities
3178
Tramways
881
Peak Trams (old)
162
The
Peak Tramas (now) ...
Star Ferries
.711
#221
NEW YORK RUBBER
Holiday conditions prevailed in the Rubber market to-day with trading generally somewhat dull and prices early moderately declined on liquidation and realising.
1231
mnti Ferries C.R.$
"NEW
YORK STOCK
EXCHANGE
++
L
Du China Lights
[new] $
82%
$2,85
K
CHICAGO WHEAT
ફર્મ $3.70
(Through Reuter's Service)
8672
858
317
$10
Chunn Lights 1. H.K. Electric. Macao Electrics Sandakan Lightn Telephones (oldy
$3,45
Rts.
25 1
8132
Prices advanced on some local support, favourable cash demand and moderate general buying.
STOCKS
Last Sale!
STOCKS
Last Sale
5,60 Telephones (new)
22/
Dec. 31
Dec. 31
1:3
Tractions
Adams Express Alleghany Steel Co.
101
271
69 "
Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford
9.
5,U
Tractions (pref.)
Industrials
105
314
Gald., Macg, (Ord.) S.
437
81J
Cald., Marg. (Fref.) 5.
81 60
Glass 542
$1.70 Canton fees
Amer, Can
100%
Lockheed Aircraft
Amer. & Foreign Power Ameri & Foreign $7 pf... Amer. Locomotive
34
Loew's Inc.
387 541
#18.10 $1
5107
N. Y. Commodity Market
19"
Martin Glen L
367"
301
"
McKesson & Robbins. $3 pi
40
Monsanto Chemical
110
185
Montgomery Ward
511
Amer. Rolling Mill
221
Cat. Dairy Products
131
Cements
Ilupos...
allscellaneous
Dairy Farms
Ch. Etainments
Constructions
18.10 Lane Crawfords
...
$41
8211
$7.06
•
{Constructions
fold! B {s@w}
:
(By Courtesy of Messrs. Swan. Culbertson & Fritz and 8. E, Levy & Company)
*8
15/10
Amer, Sting and Ring Co.
517
Not. Distillers.
28
Nanyang Tobacco
$3
*
Prev. To-day's
Amer. Sugar Ring
213
National Gypsum
161
Sinceres
Amer. Tel. & Tel. Amer. Tobacco "B"
150
National Load
271
$8.5
Watsons
$7.90
$8
High Low
107
76, CL. G.5% 19250 $Bds,
83)
Nat. Power & Light
81
H.K. Govt. 4% Loans
$100
New York Cotton
Amer. Waterworks
14
Nat. Supply Corpn.
151
pat
1.K. Govt. 340 Loan
$101
New York Rubber
Mar.
Mar.
Close Close · Change
8.43 closed'
37
Anaconda Copper
35
New York Central
213
K. Wing On!
Atchison, T. & S.. Fe. at-Auburn Motors
414
N. American Aviation
191
84
hai Wing On
Chicago Wheat May
32
North American Co.
23
18
Vibro Piling
$3,50
8
Northern Pacific
14A
20
1
Pacific Gas & Elec.
291
18
|Pacific Lighting
42 *
78%
Packard Motors
42
341 311
Paramount Pictures
13
Pennsylvania R.R.
241
LONDON STOCK
Marsmans Inv. (Lon.)
30 Marsas lav, I.K.)
90 dia. W. Pawells
Sales to Shanghai
EXCHANGE
Chicago Corn Winnipeg Wheat
May
May
10.43
03 off 16.3 16.43b 18.40
691
881 69 ¿ up 53 521 522 621
up
63 621 621 627 + up
90 pts
NEW YORK COTTON
311
Phelps-Dodge
432
12
Phillips Petroleum
431
391
Public Service of N.J.
321
(REUTER'S SERVICE)
January March
May
(1939)
C
-(..)
Close. Opening 8.43/43
Closing
Change
8.43/44
8.23/23
GJ
Fure Oil
11
July
{ >
"
8.00/00
CLOSED
297
Radio Corpn. of Am.
B
October ( )
7.00/66
38
Republic Steel
240
827
Reynold Tobac. "B"
441
71
Schenley Distillers
17
"
£
December ()
Spot
7:69 N...
8.88 N
"A" pf-
76
Schenley. 5 pfd.
$9.
Commercial ....
551
Sears Roebuck
731
Commonwealth & B. (ord.)
1
Shell Union Oll
151
C'wealth & 8. 6 cum pf.
452
Socony-Vacuum Oil
134
War Loan, 34% (Red.
Union Insurance 98-1/8 after 1952) Canton-K'loon Rly. 5% 18-1/8 Chinese 44% Gold Loan,
S'hai Waterworks "A"..
19-1/2* 31-1/2*
NEW YORK RUBBER'
Consolidated Edison
311
Southern Pacific
“21.
London, Jan. 2.
Consolidated Oll
9
Southern Aly $5 pfd.
.33
1898 (Brit. Issue)...... 78 Chinese 5% Gold Bonds,
| Gula Kalumpong Rubber. 21/3 Allied Ironfounders...... 10/0 Asso. & Elec. Industries 3876 Austin Motors, ord.
24/9
Continental Can
43
Standard Brands
7
1925-47
76,
314
Stand Gas & Elec.
31
Chin. 41% Anglo-French
Cable & Wireless, New
Form, ord.
-35-1/2
661
Standard Oll of N.J.
531
Loan, 1908
56
3.-A. Tob. (bearer)
95/71
71
Stone & Webster
161
Chinese 5 Crisp Loan,
Cammell Laird, ord,
7/7
March May September
October
Sales for the day:-
(1839)
16.43b/45a 18.38b/45a 10.40/43 16.35b/38a 16.39b/40%
16.35b/39a 16.316/383
.03 off
16.28/30
07 of
16.27 N
.08 off
16.29 N
02 of
120 tons
Curtiss Wright "A"
21
Swift International
271.
1912
37
Mexican Eagle
5/3
Distillers Corpn. Seagrams
20
221
Chinese 5% Reorg. Loan.
Courtaulds
29/6
CHICAGO WHEAT
Douglas Aircraft
791
Texas Corpn. ........
48
1913 (Ldn! Is,)
58
Distillers
89/4
Du Pont de Nemours
1544
Texes Gulf Sulphur
323
Chinese 5% Ster. Notes.
Dunlop Rubber .......
23/6
м
Eagle Plcher Lead
144
Trans-America Co.
64
1925 (Vickers)
13-3/4
Prague, 135.
Elec. Bond & Share
114
20th Cent. FOX........
261
Chin. Imperial Rly. 5%
Buenos Aires, 20.42.
Bec, Bond & Share $5 p
58.
20th Cent, Fox. $1§ pí.
34)*
Loan
73
Montevideo, 19}
Berlin Exchange
BERLIN. Jan. 2 (T/Ocean)-The Reichsmark was quoted without guarantee at: New York 40,14, Amsterdam 73,725, London 11.555.
Bombay Silver
Ready
Unofficial Quotations Indian Mint Silver
Bombay, Jan. 3.
January 16 Settlement January 14 Settlement Market--Uncertain.
Gen. Railway Signal
Glidden Co.
Great Western Sugar 52-01rreyhound Corpn. 52-00 Hecker Products 51-14 Tome take Mining
Int. Nickel
NEW ZEALANDERS IN AUSTRALIA
Statistics show that 5 363 New Zealanders are at present living in Australia, of these 21,037 are males and 25.328 famales.
A steady movement of New Zea- landers to Australia is suspected.
Elec. Bond & Share $6 pl.
641
Onion Carbide & Carbon
891
Honan Rly. 5%.
27
Gen, Electric (England) 78/6 Guinness (A) Bon & Co. 104/8... July. Hawker Siddeley Air..... 24/104 Bristol Aeroplané
May
63+/08
681/082
89/69)
683/881.
881/681
081/69
up
23/3
British Wireless, lec. Power & Light $7 p.
lintkote....
38
Union Pacific
98
31
United Aircraft
42)
Hukuang Rly. 5%. 1911... Hukuang Rly. 5%. 1911
25-1/2
Imperial Chemical Ind. 30/9
September.
Friday's Sales:-----
691/69
602/697
€ 5. € -
13,729,000 bushels
Imperial Tobacco
130/7
Gen. American Trans. ar Gen. Electric Gen. Motors
50
United Airlines Trans.
121
43į,
United Corpn.
31
501
United Corpn. $3 cum pí.
34
(German Isque) ....... Lung Tsing & V. Hai Rly.
5%
23-1/2
Marks & Spicer "A" ord. 55/3
CHICAGO CORN
Rolls Royce
110/101
14
Leyland Motors
68/101
May
521/521
521/524 :521/53
20%*
United Cas Corpn. .....
33
231
United Gas Improvement 112
Goodrich (BF)
241
US. Rubber.....
52
S'hal-'king Rly. 5% Tientsin-Pukow Rly. 5%
(Brit. Stpd.) A
24-1/2
Tate & Lyle
-55/8
Turner & Newall ...
July
531/531
533/531
533/54
+ пр
77/11
18
United Steel ......
23/6
Beptember
*541/541
547/641
€ €€
Goodrich $5 pl.
64 *
U.S. Rubber $8 ptd.
102
Tientsin-Pukow Rly. 5%.
Smethwick Drop For
18/6
Goodyear Tire & Co.
37%
U.S. Steel
091
Great Northern Iron Ore ...
141
¡Vanadium
271
Great Northern Aly, pfd. 301
Warner Bros. Pict.
.61
26+
Westinghouse Elec.
110)
(German Stpd.) 18 Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan Tientsin-Puków Rly. 5%
Armstrong Btevens, ord.
8/3
WINNIPEG WHEAT
17
Pressed Steel, com. Vickers, ord,, ...
15/-
23/11
December
19%
Woodward Iron Cor.
251*
11.
Chase National Bank
324*
64 *
National City Bank
2541.
541
(Ger. Stpd. Supl. Loan) 17 Jap. 5% Ster. Loan, 1907 44 Jap. 8%, Ster. Loan, 1924. 52-1/2 Ger. 7% Intl. Loan, 1924 42-1/2 Chartered Bank
Woolworths.. Anglo-Dutch
***** 58/6
20/-
May
D-1/8"
-Reuter.
• bld.
-ex. dlv.
K.K. & S'hai Bank (Idn
Rex.)
Rub. Plant. Invest. Trust 28- Burma Corporation..... 8/71 Commonwealth Mining.. 1/4 Marsman Investments... Randfontein - Estates
July
801/601 621/621 621/622 631/031 031/031
60/60
off
621/627
up
031/031
up
NEW YORK HIDES: ¡New Contracts)
16/6
40/-
88-1/2
Western Holdings ....
13/-
DOW JONES AVERAGE
1928 Hieb Low Dow Jeines Averages, 189,41 98.91 30 Industriels
32.19 19.00-20 Raile 25.18 16,140 (tilities 99.70 83.394 Bonds 59.00 45,03
Jaz. 154.38
30,00
22,73
Jan. 1 1933, High Tow Close Change 185.00 164.32 184,70 .40 dp 34.40 33.00 33.9838 op 23.10 23.79 23.02
H.K. & 8'hai Bank (C
Reg.) Chinese Eng. & Mining
(bearer)
Sub-Nigel
234/4
March....
June
00.
Tanami Gold Mining..........
Gd.
17/6
Anglo-Iranian Burmah
90/71
12 96/96
12.09/99 13.05/05
13.28/30
13.34/35 13.44/44
NEW YORK-STRAITS TIN
83/8
Chosen Corporation .......
7/-
Shell Trans. & Trad.
March
.29 up
$1,32
90.49
Pekin Syndicate.....
2/4
(bearer)
,17 up
11 Commodity Index. 4848
4H.AB
.18
Shal Elec. Constr. Co.
25/-*
-Nominal.
up
82/0 -ex-dividend --Reuter
NY Silver, Oficial
46.75/75 40.50b/70a" 48.65 N
unducted 42-3/4
4.64.
NY-L'den Cross Rate... 4.04-7/8
Business Dones-850,000 absreno
U.S. Dollars
The market closed, with sellers at 29 January, 28 15/18 February and 28 7/8 March, buyers at 2 1/16 January, 29 February and 28. 15/16 March.
Shanghai Dollar
171 Nominal.
London Exchange
Closing mean. rates were:-
Paris, 176-47/64.
New York, 4.63-11/16.
Montreal, 4.677
Brussels, 27.48
Geneva, 20.53).
Amsterdam, 8.52
Milan, 884.
Berlin, 11.55.
Continental Oll Corn Products
Curtiss Wright (C.)
Technicolor
London, December 30, 1938
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.