FINANCE
HONGKONG
SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS ASSOCIATION
DEPAR
Bellers Salas
Nominal!
MⱭNDA × 0. JAN,
Bayers Seller
Sale patina
$1390 $1420
!
£87
$176 70 cta.
$475
Banks
H.K. Banks
Do. (Col. Reg.) ... Do. (Lon. Reg.)... Chartered Banka
237 Mercantile Bks. "A"
$1400
£87
EST
£371
£13
Marcantile ka. “Ç”
£13
168
Bask of East Asia ...
$88
IN, C. & B: Danka...
Insurances
910 Canton Insurances
Union Insurancsa Underwriters
$118 | H.K. Firea
Shipping
#210
·;::་ཚོ
$475
170 cta.
21-0
TUESDAY, JANUARY 10, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
Douglaser
815
$18
Steamboats
$50
:05
Indo-Chins
(Pref.)
AY
indo-Chinas (Del.)...
834
SPOT
83/1 Shells
#93/11
29.
APRIL-JUNE
Waterboats
Docks, Wharves,
JULY-SEPT.
Godowns, etc.
$118
H.K. & K. Wharves
9110
$6.40
$2.40 $4.35
Provideas foid)
36.20
$6.13 #1-1
Provideats (ow}_ ....
H.K. & W. Dec... $184
$17
$17.60
Do. (new).........
$101
100 Shanghai Docks 8.
331
*5.0 New Engineerings 9.
Mining
17/8
17/6 Katana
19.33 Rsubs
$3, Venezuela Gold Fide
7 cta Hong Kong Mines...
Lands. Hotels and
Bulldings
[HK Hotels
3.90
#31
PAGE 12-HONGKONG DAILY PRESS
Finance and
MONEY AND
EXCHANGE
Commerce
NEW COAL MINE TO BE OPENED In order to meet the demand for coal which is expected to increase with the further industrialization
CLOSING QUOTATIONS or the Far Eust." It will be neces-
JANUARY 9, 1939.
On London:--
1
Telegraphic Transfer. 121
Bank Bills, on demand } Credits 4 months' sight 1/3
On Shanghai:--
On demand
On Singapore:
On demand
On Japan:-
On demand
On Indla
:
"
Telegraphic Trenster.
and demand
On New York:-
172 now
3
108
Bank Bills, on demand 201 Credits, 60 days' sight 29 1/2
On Batavia :-
On demand.
Or. Paris:
.....03 1/4
Bank Bills, on demand 1090 Credits 4 months' sight 1140
"In Saigon:-"
On demand
On Bangkok
109
Un Manila:
On demand
58 1/2.
On demand
402
ALIG 0 5/10
Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
Market Report
From Roza Bros.
Silver prices dropped 3:16 overį the week end for both deliveries. the quotations being 20. 5/16 for Ready and 19 15/16 for Forward. Silver advives reported a' steady very poor support. market with
American Silver Specukiters sold.
was quoted at 42 3/5 for Spot.
The London
New York cross-
rate was quoted at 467.50. New Yrk Londen, was quoted at 463
Market
Stevie but quiet!
Sterling
There were sel- Nothing doing. lers
January February at 1/3 and 231,32 March Aprli and probably May, buyers at 1/3 1/32 Cash February and 1/3 March +May
U.S. Dollars
BERLIN MOTOR
SHOW
Over 500 exhibitors will show their latest models at the Berlin International Motor Car and Cycle
Exhibition of 1939. which is to be ary. salt Mr. W. F. Turner at the held from February 17 until March meeting of the Chinese "Engineer [5, ten" large hails being necessary ing and, Mining Company, in Lon-to house all exhibits, den recently, to open a new mine capable of producing about 1,000, 000 tons of coal per annum.
After announcing that a scheme with this object was now in course of preparation, he continued.--
"Together with our partners, the Lanchow Mining Company, we are to the necessity of satisfied as providing for this large increase of output to meet the demands of Japan. China, and the Far East Kenerally; indeed it is being urged upon us by our principal consum-
urs. It will, of course, involve
considerable
capital expenditure
spread over several years, and you will see from the balance sheet which we have put before you that we are quite prepared to meet it."
BOMBAY SILVER
Bombay, Jan. 9. Indian Mint Silver Unofficial Quotations
Ready January 16 Settlement. February 14 Settlement...
Market -Quiet.
NEW
Numerous dealers from all over the world have already booked hotel rooms, while collective tips have been arranged for visitors trom Italy, Portugal, Sweden, Nor- way, Poland. Yugoslavia and Hun- have gary. Among dealers who
1 accommodation are reserved number from South Africa; AuS- tralla. Canada, Mexico and Brazil.
GERMAN CELLULOSE
INDUSTRY
BERLIN. Jan. 9 (T/Ocean).- Germany produced 160,000 tons of cellulose in 1938. and, the capacity of the industry at te present time will ensure 200,000 tona in 1939, ac- cording to the annual report issued yesterday by the German Dye Trust which with an output of 55, 000 tons is the largest cellulos producer in the world.
One of the principal projects`of 51-14 the German Dye Trust during the 51-14 past year was to develop a special 51-12 artificial fibre that would have the durability of cotton when damp or Reuter. wei.
YORK STOCK EXCHANGE
(Through Reuter's Service)
QUOTATIONS
Amer. & Foreign Power Ameri & Foreign $7 p... Amer. Locomotive
Last Sale
$470
***
164
:,ཚོ་
New York. January, 7.
SINGAPORE RUBBER
January 8
buyers
sellers
January 7 buyers sellers
change
28-1/8
28-3/8
28-1/4
off 1/8
28-5/8
28-7/8
28-1/2 28-3/4
off 1/8
29-7/8 29-1/8
28-3/4 29
.of
1/8
.115
The market opened 1/8 of a cent lower for all deliveries compared with Friday's closing quotations. "
Throughout the session the market ruled dull and featureless due to the disinclination of dealers and speculators to operate, te
Closing tone was dull,
SPOT
905 APRIL-JUNE
JULY-SEPT.
To-day's close
LONDON RUBBER
Previous close buyers sellers buyers 'sellers 8-1/8 8-3/16 8-1/16 8-3/16
8-1/4 8-3/8 8-1/4 2-6/18 8-3/8 8-7/18 8-5/16 3-3/8 8-3/8 8-1/2 $-3/8 8-7/16
change
of 1/16
2!
unch.
off 1/16
unch.
$7.15
137
H.K. Lond
..8.
$37
87,0597.15
37
$371
3107
[Im..4% Debentures 5j
39.40 Shanghai Lands 8.
HK Realties
951
Ka
$5.00
$8.60
CCT.-DEC.
Humphrey....
200
Chinese Estates
Market very quiet...
Cotton Mills
"B10.10
G.R.
$10
Ewos (5.)
NEW YORK COTTON
$104
}:
Siu
Shal Cottons (3)
124
$24
Zoong Sings (8.)
$19
$40
Wing On Textiles (5.)
Public Utilitles
517.60
17.60 17.80 $17,60
Tramways
Peak Tram (old) ...
>ti
13)
Peak Trams (unw}
The market was early lower on selling pressure, but later rallled on trade buying and covering by shorts. The market is of opinion that Washington sentiment favours plans for the reduction of lean on cotton stocks.
the
$721
Star Ferries
$12
42
mm Ferries {^>}
NEW YORK RUBBER
$22
312
Do. (now)
$9.70
.#
China Lights (
$9.00
831
China Lights Ita
3
Eta.
$58
H.K.Electrics
*59
sl*
810
Macan Electrica
Sandakan Lighte
824 Telephones (cid)
$5.60 Telaphones (new)
The market was a quiet trading one, with most operators hold- ing back, pending the unloosening of anticipated big potential de- mands.
€93
CHICAGO WHEAT
Prices decline in sympathy with securities and on quidation.
January 8, 1939.
STOCKS
STOCKS
Last Sale
Jan. 7
Jan. 7
Adams Express
111
Alleghany Steel Co. Allis Chalmers Amerada Corps. Amer. Can
261
441
67)
Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford
81
101.
412
Glass 51"
1,3
Tractions
25/0
Tractions (praf.)
Industrials
$14
Cald., Murg. (Ord.) §.
................
091
Lockherd Aircraft
313
161
::
$16.80
31
Loew's Inc.
504
18]
Martin, Glen L.
321
284
McKesson & Robbins. $3 pr. 106 *
:
Amer. Metals Co.
39"
Monsanto, Chemical
401
813 Cald., Maeg. Fret.) 5.
$1.70 Cantos Ice
Cements
23.95 Ropes
iiscellaneous
24 10 Dairy Farms
Ch. E'tainments.
Constructions
(old)
te to th
8: 60
$16.89
141
324
N. Y. Commodity Market
Vi
Amer. Radiator
107
Montgomery Ward
13
Cunstruction
(new)
Cutet. There were sellers at 29 1,4 for January. 29 3/18 February
Amer. Rolling Mill
201
at. Dairy Products
1274
$9
Lane Crawfords ......
and 20 1/8 March, buyers at 29
Amer. S'ting and Ring Co. Amer.. Sugar Ring ..........
FOR
Nat. Distillers
153
Nanyang Tobacco
211
National Gypsum
251
***
32
Stacerc
$2
$8.20
Watsons
U.S. Dollars
possibly February
Shanghai Dollars
5/10 or onsh, 29 1/4 first half of Amer. Tel.: & Tel. February and 29 3/16 March,
Shanghai Dollars
Sellers a 176 1/2.
Shanghai Market Opened with sellers at 8. 12 and closed at noon with sellers at 31/64. U.S. Dallars opened at 16. 9/18 and closed at noon with sellers at 18 17/32 for Spot Quiet.
AFTERNOON MARKET
The market was quiet to the afternoon.
Sterling
No business was reported anish Chesapeake & Ohio ine with sellers at 1/3 January Chrysler Corpn /February and 1/2 31/32 March Columbia Gas & EL, /April, probably May. buyers at Columbia 6% "A" pr. 1/3 1/32 Cash February and 1/3 Commercial March May.
Commonwealth & 5. (prd.) C'wealth & 8. 6% cum pf. Consolidated Edison
The market closed with sellers Consolidated Ol!
at 29 1/4-Cash. 29 3/16 January: Continental Can p
March, buyers at 29 5/16 Cash, 29 Com Producta
14 February and 29 3/16 March.
Curtiss Wright "A"
Sellers were quoted at 176 1/2. Distillers Corpn. Seagrams 197
Du Pont de Nemours
151
National Load
84
$8.06 8 20
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
I
Amer. Tobacco "B"
89)
Nat. Power & Light
142
"Amer. Waterworks
132
Nat. Supply Corpo:
204
Tech. G.5% 19250 $Bds.
H.K. Gost. 4% Loans
ILK. Govt. 3% Loan
16%
$106
Prev. To-day's
$100
Aparonda Cupper
333
New York Central
171
37
Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohto Barber Asphalt C Barnsdall Ol Bethlehem Steel Boeing Airplane Co. Borg-Warner
-39
N: American Aviation
23
36
H.K. Wing On
340
4
North American Co.
131
72..
Northern Pacific
293
3/0
203
Pácifc Gaà & Elec.
431
1aR
Pacific Lighting
41
S'hat Wlag Op
$0.50 Vibro Piling
Maramane Inv. (Lon.)
Marsmans Toy. ILK)
190 ct Wm. Powellsi
*Sales
to Shanghai
New York Cotton "Mar.
High
Close Close Change Low 8.42 8.26 8.35 8.41 .08 up
$5.-8
་
New York Rubber - Mar. Chicago Wheat
'-May
BO eta
76
13
Packard Motors
Chicago Corn Winnipeg Wheat
May
May
16.17 16.39 16.14
602 701 691 531 531 53) 534 631 621 827 621
16.125 .05, 0
691 D
1 off
# of
317
Paramount Pictures
228
201
Pennsylvania R.R.
413
LONDON
STOCK
EXCHANGE
NEW YORK COTTON
Biggs M'facturing Brooklyn-M'hattan
294
Phelps-Dodge
411
h
Trans.
111
32
Close
Opening
Closing
Change
Phillips Petroleum
B'klyn-M'hattan $8 cum pr Canadian Pacific R'way. Case, J.X...
37 *
Publie Service of NJ.
361
́(REUTER'S SERVIÇE)
6.
104
Pure O
London, January 5.
931
Th
Radio Corpn. of Am.
381
Republic Steel
231
801
Reynold Tobac. "B"
441
The following quotations are the middle prices at the close of the market in London. All' quotations are subject to confirmation May.. and no responsibility is assumed for errors in transmission.
January March
(1939)
8.33 N
8.28/28
8.39. N
.06 up
{
8.35/35
8.30/30
8.41/43
.06 up
71
Schenley Distillers
161
£
5
75 *
71.
Schenley. 54% pfd.
War Loan, 31% (Red.
561
733
Sears Roebuck ...
after 1952)
971
1
Shell Union Of
141
Canton-Kloon Rly. 5% 19
49
Socony-Vacuurn Oil.
134
Chinese 41% Gold Loan,
Gula Kalumpong Rubber 21/10)
18/6 Allled Ironfounders Asso. & Elec. Industries 38/0 Austin Motors, ord.
July
October December (..)
Spot
(%) (..)
8.13/13
.8.08/08
8.16/17
03 up
7.88/88
7.81/80
7.94/94
.06 up
7.38/40
7.32/33
7.42/42
.04 UD
7.49 N
7.30/36
7:41/41,
08 off
8.85
8.91
06 up
25
317
194
NEW YORK RUBBER
Southern Pacific
1898 (Brit. Issue)...
76
Cable & Wireless, New
301
Southern Rly $5 pid.
Chinese 5% Gold Bonds.
Form, ord.....
38
42
43
Etandard Brands
1925-47
76
B.-A. Tob. (bearer).
95
*
and
29 1/8 Continental Of
Curtiss Wright (C)
292
Stand Gas & Elec.
Chin. 41% Anglo-French
| Cammell Laird, ord.
7/14
March (1939)
May
18.17/18
.-16.13/13
16.11b/15a 18.09b/14a 14.14/14 ...
18.12b/16a
.05 off
.01 up
68
31
Standard Oll of NJ.
Loan, 1908
55
Mexican Eagle
5
September
61
514
Stone & Webster
Chinese 5 Crisp Loan
Courtnalds
261
180
Swift International
1912
37
Distillers
27/9 80
October
16.10/18 16.15b
16.17/17
.01 up
Douglas Aircraft
72
Technicolor m
271"
Chinese 5% Reorg. Loan,
Dunlop Rubber
23/6
December
16.166
16.11 B
16.12 N
.04 off
.04 off
21
Texas Corpn.
1913 (Ldn. Is.)
54
Gen. Electric (England) T613
Sales for the day:--
151
46
460 tons,
Texes Gulf Sulphur
Chinese 5% Ster. Notes,
Guinness (A) Son & Co. 105
Shanghai Exchange
Eagle Ficher Lead
134
32
Trans-America Co.
1925 (Vickers)
13
Elec. Bond & Share
114
71
20th Cent. Fox.
Chin. Imperial Rly. 5%-
Hawker Siddeley Alfe.... 24/11 Bristol Aeroplane
CHICAGO WHEAT
23/11
Offcial T.T. Rates
Elec. Bond & Share $5 pt.
58
231
20th Cent. Fox. $1} pf.
Loan
7341
Shanghai, Jan. 9.
Elec: Bond & Share $6 pt.
044
32
Union Carbide & Carbon
Honan Rly. 5%
28
Imperial Chemical Ind. 30/11 Imperial Tobacco
130
May
London
Opening
0/8
Elec. Power & Light $7 pf.
371
Union Pacific
Hukuang Rly. 5%, 1911.
23
Flintkote
291
90
United Aircraft
New York ....
15-5/8
Gen. American Trans.
58
581
United Airlines Trans.
Hukuang Rly 5%, 1911
(German-Issue)
| Marks & Sp'cer "A" ord.
Rolls Royce
55
July
112/3.
September
092/091 *697/70 703/702-
693/70
601/691
+
off
701/701
691/604
-704/701
off
72
Leyland Motors
Japan
56-7,8
Gen Electric
421
121
86/104.
United Corpn...
Lung Tsing & U. Hai Rly.
Tate & Lyle
Friday's Sales:-
9,873,000 bushels
Paris
5.38.
Gen. Motors
484
31
United Corpn. $3 cumi pt.
5%
Turner & Newall
56/9
Hongkong
53-3/8
Gen. Railway Signal
27
344
70/71
United Gas Corpn.
S'hal-N'king Rly. 5% 24
United Steel
CHICAGO CORN
Sterling
Open Market-Selling Rates
Opening Closing Goodyear Tire & Co.
Glidden Co.
231
3
United Gas Improvement 12
Goodrich (B.F)
231
UB. Rubber
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Smethwick Drop ForE
23/11
10
.50
Armstrong Stevens, ord. 8/1
18/9
May
53+/531 .531/534
531/534
on
Goodrich $5 pf.
644
U.B. Rubber $8 pfd.
354
1011
Spot January February
0/8-1/2 0/8-1/2
U.S. Dollars
0/8-31/64 Great Northern Iron Ore ... 0/8-15/32
Great Northern Rly, pid.. 28f 0/8-15/32 078-7/16
Great Western Sugar Greyhound Corpn...
jU.B. Steel
Tientsin-Pukew Rly. 5%
(German Sipd.).
Pressed Steel, .com.
15/3
July
541/541
541/544
541/541
off
16
Vickers, ord.-
'67
22/6
September
551/551
551/551
551/551
of
16
Vanadium
Tientsin-Pukow Rly. 5%
Woolworths
281
Warner Bros. Pict.
61
201
(Brit. Btpd. Sup). Loan) Tientsin-Pukow Rly. 5%
16
Anglo-Dutch ........
25/9
WINNIPEG WHEAT
Westinghouse Elec.
115
Rub. Plant. Invest. Trust" 27/101
181
18-7/16
Spot ....
January February
$10-9/18 $16-17/32 Hecker Products
Market Quiet,
10-17/32 -16-1/2
Merchant Rates
Sterling, 0/8-7/16.
U.S. Dollars, $15-7/16.
Silver Duty Rate
Homestake Mining
16-13/32 Int. Nickel
The Central Bank of China's rate on London at 10 a.m. to-day was 1/2-1/2d.. unchanged from yesterday.
The Equalisation rate was 6-3/4 per cent.---Reuter.
DOW JONES AVERAGE
Jan. 4. Low Dow Jones AveragTM","
34 23 19.00 20 Rail
25.19 1.14 20 16hez
Woodward Iron Cor.
25
10
02
Chase National Bank ...... National City Bank
32 *
25 *
544
(Ger. Btpd. Bupl. Loan) Jap. 5% Ster. Loan, 1907 414 Jap. 6% Ster, Loan, 1924 513- der. 7% Intl. Loan, 1924 411 · Chartered Bank
10
Burma Corporation
8/01
May
621/621 621/627
621/621
оп
Commonwealth Mining.. 1/6
July
631/031
631/631
631/631
off
Marsman Investments... 16/6
Randfontein Estates
39/9
October
631/831
431/631
off
91.
Western Holdings
12/8
-bid.
1-ex, dlv.
HK. & S'hai Bank (Ldn.
Reg.)
Bub-Nigel
238/9
NEW YORK HIDES: (New Contracts)
87
Tanami Gold Mining...
61.
H.K. & Bhai Bank (Col
Anglo-Iranian
Reg.)
87
Burmah
90/71 82/8
March
June
12.71/72
1270/65 12.50/50 13.01b/04a 13.01/02
12.85/85
Chinese Eng. & Mining
1988 & 1939
Hizl
159.4 99.95 50 Industrinia
-152,97
Jan. 6, 19339, High Low Clona 18961 151,31 161,54
Shell Trans. & Trad
Channe
(bearer)
17/6
(bearer)
83/14
1.33 off
Chosen Corporatior
7/-
*Nominal
33.95
· 33.40 39,90 32.93
3o off
Pekin Byndicate
2/4
-Reuter
93.84
23.02 23.39 22.49
16 7
S'hal Elec. Constr. Co...
25/-"
March
82.70 81.39 40 Bonds
$1,03
90,9€
07 of
S'hal Waterworks "A"...' 193*
58.00 45.08 11 Commodity Index 49,00
48.40
.14 E
Union Insurance
301
NEW YORK-STRAITS TIN
46.85b/90a 46.65b/598 46.85b/47.05a 42-3/4
unquoted NY Bulver, Ometal
4.03. NY-L'don Cross Rate... 487-3/8
Business Done-630,000 shares.