QUOTATIONS
up to March with a small musicals
done subsequently at 1/3 for near
STOCKS.
Last Sale!
JANUARY 15, 1939
STOCKS
PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
H. K. STOCK SUEZ CANAL EXCHANGE COMPANY'S
Conditions on the local market-
CLOSING QUOTATIONS remain qujat, only a small business DETERMINATION
JANUARY 1 1939.
On London :---
Telegraphic Transfer.
Bank Bills, on demand
}:
12 /
Credits 4 months' sight 1/3
On Shanghai:-
On demand
173 nom
On Singapore:---
On demand
531
On Japan:-
On demand
It
On India:
}83`
Telegraphic Tronster
and demand
On New York:--
Bank Bills, on demand 29 15/16 Credits. 60 days' sight 9 7/10
On Batavia-
On demand
53 1/18
On Part
Bank Bills, on demand 1090 Credits 4 months' sight 1140
Un Saigon :-
On deniund
100
On Manila:--
On demand
58
On Bangkok --
On demand
1492
Sterling Notes:-
Bank Buying Rate
43-1/16
Bar Silver per oz.
20 1/2
Market Report
*
From Roza Bros.
Silver prices rose over the week- end to the extent of 1/4 for Ready and 3/16 for "Forward, the quota- tions belag 20 1/2 and 20 1/16 respectively. Silver advices report- ed India and Speculators as häving The market was steady, bought. American Silver was quoted at 42 3/4 for Spot.
The London /New York cross- rate was quoted at 467.37 New York London was quoted at 487. 3/4.
Steady.
Market
Sterling
Opened with sellers at 1/3 31/32
passing at quotations.
BUYERS
Hongkong Bank, $1400. Canton Insurance, $200. Union Insurance, $470. H.K. Fire Insurance $175. Douglases: $84.
►
H.K. Docks (New). $11.20. H. & S. Hotels. $6.70. Humphreys, $81.
H.K. Tramways, $17.30. Macua Electrics, $17.50 Sandakan Lights. $10.10. H.K. Ropes.. $i. Dairy Farma, $24. Entertainments, $7.
SELLERS
Hongkong Bank, $1420. Union Insurance, $476. China Underwriters, $0.70. H.K. Fire Insurance, $195,- H.K. Docks (Old), $184,
Providents (Old), $6ł.
H. & S. Hotels, $8.98.
H.K. Lands, $371.
H.K. Realtles, $5.85."
H.K. Tramways, $17.60. Peak Trams (New), $4. H.K. Electrics, 3572
Telephones (New), $8.50. - Watsons, $8.15. Constructions, $14.
SALES
Hongkong Bank, $1400. Canton Insurance, $210. China Lights (Rights), $3.45.
H.K. Electrica, $57).
(Prices in Phil, currency) Antamoks, Po.".50. Atoks, Ps
371.
Bagulo Gold, Ps. .29.
Benguet Consolidated. Ps. 13.70. Coco Grove, Ps. 51.
Consolidated Mines, Pa. .003.
PARIS. Jan. 15 (Reuter)-A stir has been caused in France by pointed references to Italy's Suez Canal claims made by Edgar Bonnet, vice-president of the Suez Canal Company, at a meeting of the Board.
"There has been too much talk lately about reorganising the Com- pany." he declared. "The question was nothing less than wiping us out altogether to the exclusive ad- vantage of the Canal users. ...
"The Egyptian Government has opportunely acted by recalling that no change could be made in the status of the Canal without its consent."
M. Bonnet added: "The status of the Canal.cannot be altered with- out the consent of the. Company. and the Company is absolutely determined not to allow any attack on its rights or any change in the concession
"Whatever certain people may think, the Canal cannot be made a The pawn in a diplomatie deal Company will not allow itself to b2 influenced by threats and menaces, still less by insults."
Bombay, Jan. 18.
Unofficial Quotations
Ready*******
Feb. 14 Settlement
March 11 Settlement
Market. Qulet.
Demonstration, F3. 24.
1.L., Ps. 62.
San Mauricio, Ps. 1.86.
Suycc. Ps. 21.
United Paracale. Ps. 69,
་
NEW YORK STOCK EXCHANGE
ון
(Through Reuter's Service)
FINANCE
HONGKONG
EXCHANGE
STOCK
Dayer Sellers
$1386) #1415.
$900 $470
8470
70 cm.
$176
+64
م السلام
:
SHARE QUOTATIONS
SHAREBROKERS" ASSOCIATION
Nominal MONDAY 16.
Bayurs Ballars Salos Marin
£13
JAN.
Banks
H.K. Banks
Do. (Col Bug.}
Do.. (Lon. Reg.)... Chartered Banke
27 Mercantile Bka. "A" Mercantile Bka. "Q" Rank of East Asis ....
188
N. C. & S. Banks...
Insurances
Canton Insurances ...
Union Insurancem”........ Underwriters
H.E, Fires
Shipping
Douglases kuna)
Steamboats
Indo-Chinas
318
$35
324
Shells
}
סטר
(Prof.)
indo-Chinsa (Def.)...
Watarbosta
Docks. Wharves, Godowns, etc.
116H.K. & K. Wharve
$ut Providents (old) 88.15 Providenta (zaw)
H.K. & W. Docks...
Do. (new) $100 Shanghai Docks S. 15.0.Now Engineerings S.
+18]
$17.20
$171/1,00
1179
Mining
17/8 Kasian
9.30 Raubs
83
Tota Hong Kong Mines.
$40
Venezuela Gold Fids
Lands, Hotels and-
Buildings
H.K. Hotels.......... H.K. Lands .........8.
$1400
£98.
8470
$475
#210
170 cts,
3130
$15.
$30-
$20
80/0
864
•
STOT
$118
$5.35
APRIL-JUNE
$5.16
JULY-SEPT.
#18
#171
$101
33
17/3
$6.00
$3
TUESDAY, JANUARY 17, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
3
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.) ·
New York, January 14.
BA,70 $7
52.12
8371
52-09
49)
8107) Do. 4% Debensures 7 Shanghai Canda 8.
$37 31004
62-07
$5.60
H.K. Realties
981
Humphreys...•*
381
-Reuter.
$90
Chinese Estates
Colton Mills
C.R.
$16
Ewos (9.)
KE
$100 S'hal Cottoas (8.)
$16.20 $10%
$3+
Zoong Sings (8.)
Wing On Textiles (8.)
$12
Public Utilities
$17.60 Tramways
$17.60
મ
Peak Trams (old)
SPOT
$4
Peak Trams (new) ...
$31
APRIL-JUNE
$12
Star Farrin
JULY-SEPT.
12xY'mati Ferries (0)
$22
OCT.-DEC.
SINGAPORE RUBBER
January 13 buyers sellers 27-1/3 #7-3/4 28
23-1/4
January 14 buyers sellers
26-7/8 27-1/8 of 5/8 27-1/4-27-1/2 off 3/4 28-1/4 28-1/2 27-1/2 27-3/4 off 3/4.
The market opened 1/4 of a cent lower for all deliveries as compared with Friday's closing quotations.
During the session the market displayed a steadier undertone. There was some buying interest for trade and speculative accounts in evidence, but it was difficult to arrange business due to scarcity of sellers, and such business as was transacted, could only be done at a substantial premium. There were also fair enquiries for "Spot" Rubber by consuming centres noticeable.
It would appear that the lower price-level is attracting more general buying, which is not surprising in view of the steadily im- proving statistical position. "A policy of conservative accumulation would, therefore, seem to be "Indicated.
Towards the close of the session prices advanced by 1/4 cent on further good enquiries, the market closing with a steady undertone.
American consumption figures for December, 1937 amounted to 45,315 tons which is slightly higher than expected.
LONDON RUBBER
Previous close buyera sellers 7-15/15 8 -8-1/16 8-1/8
To-day's close buyers
8-1/8 8-3/18-
sellers
B
8-1/16 8-1/16 8-3/16 6-1/8 8-1/4
change
up 1/16
unch.
8-5/16
change
3zz
Do. (new)
C.R
89.65 China Lights (0)
$8.80
Market steady.
$3.60 China Lights Hix.
$67 H.K. Electrica
$564
$1
10.10
Last Sale
Sterling
delivery. The market closed at:
Allis Chalmers,
lunch time with sellers at 1/3 Jan-Adams Express uary 1/2 31/32 February March Alleghany Steel Co. and 1/2 15/16 April May probably June, buyers at 1/3 1/32 Cash, 1/3 #February March and 1/2 31/32
April/June."
U.S. Dollars
A small business was reported at 29 3/18 for January delivery. The market closed at 1 pm, with sel- lera at 20 3/16 January, 29 1/8 February and 29 1/18 March, buy- ets probably at 1/18 higher res- pectively.
Shanghai Dollars. Were quoted early in the morn- Ing at 178 1/2. Later a small bus. iness was reported at 179 1/2. There were sellers at 179 for Spot. Shanghal Market Erratic. Opened with sellers at
8. 3/8 and closed at 8. 11/32 for Spot. US Dollars opened with -sellers at 16, 5/16 and closed at
16. 1/4 for "Spot.
AFTERNOON MARKET
Ameri & Foreign $7 p... Amer, Locomotive Amer. Metals Co. Amer. Radiator Amer. Rolling Mill
Biggs M'facturing
Brooklyn-M'hattan Trans.
The market was quiet in the B'klyn-M'hattan $8 cum pf. afternoon.
No business was reported, finish-
Canadian Pacific R'way. Case, J.T.
Jan. 14
Jan. 14
103
Int. Tel. & Tel.
82
251
Johns Manville
100
facio Electrics Bandakan Lights 893) Telephones (öld) #Telephones (now)
25/0 (Tractions
Tractions (pref.)
Industrials
$33
38
19/
431
Kennecott Copper
391
Amerada Corps. ............. Amer. Can
67 *
Libbey-Owens-Ford
Glass
50
98
Lockheed Aircraft.
311
Amer. & Foreign Power
31
iLoew's Inc.
50
81
181.
Martin, Glen L..
325
$10
Корея
Miscellaneous
*21.
McKesson & Robbins. 33 pf.
103
$24
9,0
$14
Cald., Macg, (Ord.) S.
$14
Cald., Marg. (Fref.) S.
$1.70 Cantón Ices
$1.80
Cementa
$tai
#42
$24.20
87
364*
Monsanto Chemical
473
:ཨྰཿ
::
Ch. Etainments ......
182
Montgomery Ward
121
204
284
at. Dairy Products
Amer. Sting and Ring Co. Amer, Sugar Ring Amer. Tel & Tel., Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe, Auburn Motors Baltimore & Ohio Barber Asphalt C Barnsdall Oli ..... Bethlehem Steel Boeing Airplane Co. Borg-Warner
471
15
Nat. Distillers..
211*
National Gypsum
25
$9,15
153
Bt
+
National Load
BRA
141
Nat. Power & Light
6pm
131
Nat. Supply Corpn.
204
lax.int
321
New York Central ...
174
par
130
H.K
385
N. American Aviation
23+
840
38*
121
North American Co.
16/6
71
Northern Pacific
281
191
43
Pacific Gas & Elec.
171
"41
Pacific Lighting
731
12
Packard Motors
31
224
Paramount Pictures
281
Pennsylvania R.R.
411
281
401
Phelps-Dodge
12+
33
Phillips Petroleum
40
361
Public Service of N.J.
51
10
Nanyang Tobacco
Sinceres
Watsons
78. Ch. G.5% 1928G $Bds,
H.K.
Govt. 4% Loan
H.K. Gov. 3% Loun
Wing On
'hal Wing On...
$6,60 | Vibro Piling .............
Marsmans Inv. Loa.)
2/0 Marsmans inv. (H.K.)
80 c. Wm. Powells
$8.86hina Lights (Ex Rt)|
B.K. 81.10 Ewo Rights
Balea to Shanghai |
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
Dairy Farms awa
$8
Constructions (now) Lane Crawfords ......
Constructiona (old) 1
sa
$31
38
$8,05
78%
$108
$100
137
6.08
8-3/16 8-1/4 8-3/16
NEW YORK COTTON
R
The market was quiet and narrow but is showing an upward ten- dency,
NEW YORK RUBBER
The market rallied sharply on good December consumptión Ogures.
CHICAGO WHEAT"
Reports of precipitation in dry areas and lower, foreign cables In-- fluenced the downward trend of the market to-day.
N. Y. Commodity Market
90 ota
(By Courtesy of Meşrs. Swan, Culbertson & Fritz sad 8. E. Levy & Company),
Prev. To-day's
New York Cotton
Mar.
New York Rubber
Mar.
16.00
High Low 8.43. 8.36 15.94
Pute Ou
Chicago Wheat Chicago Corn Winnipeg Wheat
May
681
682 .681
- May
521 52
Close Close Change
8.33 8.42 .00 up 15.83 16.00 23 Up
88 52) 521
May
624 42
88 *
74
'624 82
་
off 1 of off
Radio Corpn. of Am,
London, Jan, 13.
Chesapeake & Ohlo
221
231
Republic Steel
ing with probable sellers at 1/3
Chrysler Corpn.
364
411
Reynold Tobac. "B"
January," 1/2 31/32 February Columbia Gas & El. /March and 1/2 15/18 April June, Columbia 5% “A” pf. ...... buyers at 1/3 1/32 Cash, 1/3 1st Commercial
761
Schenley Distillers
16
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
-74
711*
Schenley, 34% pfd.
£
£
79
711
Sears Roebuck
half Feb March and 1/2 31/32 | Commonwealth & 8. (ord.) April. June. "
53
131
Shell Union Oll
C'wealth & S. 6 cum pí.
11
131
Bacony-Vacuum Oll
War Loan, 31% (Red.
after 1952) Canton-Kloon Rly.. 5%
Union Insurance
U.S. DollarS
Consolidated Edison
481
101
97-13/16 18-...
301* Gula Kalumpong Rubber 21/3 Allied Ironfounders .....
January March
(1939)
8.26/26
8.28b/33a
8.36 N
10 up
8.33/33
8.39/39
8.42/43
09 up
Southern Pacific
·Chinese 41% Gold Loan,
The market closed with sellers Consolidated O!! at 29 3/18 January 29 1/8 February Continental Can and 20 1/16 March, buyers at 29 Continental Oll 1/4 Cash. 20 3/16 February and 20 Corn Products
1/3 March.
* Shanghai Dollars Sellers at 179 1/8.
Shanghai Exchange.
Curtiss Wright (G.)
311
291
Southern Rly 35 pfd.
81.
432
Standard Brands
1898 (Brit. Issue) 76 Chinese 5% Gold Bonds,
18 Asso. & Elec. Industries 38/3 Austin Motors, ord.
May July
( : )
8.09/09
8.15/16
7.15/15
.0% up
(...)
7.84/84
7.91/90
7.91/91
.07 up
October (x)
7.44 N
7.51/52
7.52/58
.08 up
25/3"
424
51
Stand Gas & Elec.
1925-47
78
Cable & Wireless, New
Form, ord.
December () Spot
7.46 N
7.58/58
7.55 N
09 up
8.83 N
3.92 N
09 up
393
201
Standard Oil of NJ.
31
Chin, 41% Anglo-French
B-A. Tob. (bearer)
95
NEW YORK RUBBER
65
Stone & Webster
501
Loan, 1908
55
Cammell Laird, ord,
Curtiss Wright "A"
62
161
7/3
Swift International
Chinese 5% Crisp Loan,
Mexican Eagle
4/6
Distillers Corpn. Seagrams
251
277+
Technicolor
1912
35
Courtaulds
26/9
March May
(1930)
15.83/84
15.80/81
15.85b 15.85/85
16.06/06
23 Up
15.05/07
.15 up
Douglas Aircraft
194
201
Texas Corpn.
Chinese 5% Reorg. Loan,
Distillers
87/9
Eeptember
15.79/79
15.98/98
19. up
691
451
· Du Pont de Nemours
Texes Gulf Sulphur
1913 (Ldn. a.)
Celanese... -
1497
317
| Trans-America Co.
Chinese 5% Ster. Notes,
Official T.T. Rates
Shanghai, Jan. 18.
Eagle Picher Lead
121
7
20th Cent. Fox.
1925 (Vickers)
Elec. Bond & Share
111
231"
58
20th Cent. Fox. Si pf.
Chin. Imperial Rly. 5%
32 *
Opening
Elec.. Bond & Share $5 pl.
Union Carbide & Carbon
Loan
London
0/8
Elec. Bond & Share $6 pl.
.641
851
Union Pacifc
Honan Rly. 5%..............
New York
15-5/8
Elec. Power & Light $7 pl.
371
951
United Alrcraft
Hukuang Rly..5%, 1911...23
BEN 3
52
Dunlop Rubber
23/3
"
Gen. Electric (England)
75
October
December
15,78 B
15.98 N
20 up
15.82/82
16.02 N
.20 up
13
72
Guinness (A) Sơn & Co. 1938. Hawker Siddeley Aire.... 23/4) Bristol Aeroplane..........
Sales for the day:
23
22/0 ** Imperial Chemical Ind. 29/104 Imperial Tobacco
860 tons
CHICAGO WHEAT
Japan
56-7.8
Fiintkote
29
38
United Airlines Trans.
Hukuang Rly. 5% 1911
Paris
5.48
Gen. American Trans.
591
12
Marks & Sp'cer "A" ord. 55/9
129/41
May
682/087
083/681
681/684
Hongkong
53-3/0
Gen. Electric
411
United Corpn.
(German Issue)
20
Rolls Royce
July
583/681
681/633
681/682
off ott
31
111/3
United Corpn. $3 cum, pf.
Lung Tsing & U. Hai Rly.
Leyland Motors
Soptember
691/891
691/691
off
Open Market-Selling Rates
Gen. Motors
474
341
United Gas Corpn......
Sterling
Gen, Railway Signal
24
21
$%am
14
Tate & Lyle .......
80/71
Friday's Sales
8,521,000 bushels
58/11
Opening Closing
Glidden Co.,
22
United Gas Improvement
S'hal-N'king Rly. 5%.
24
Turner & Newall
111.
Spot
0/8-3/8
January February
0/8-3/8
0/8-11/32 0/8-19/64 Goodyear Tire & Co.
0/8-21/64 Goodrich (BF) 0/8-21/64 Goodrich $5 pf.
US. Rubber
221
452
G01
U.B. Rubber $8.pfd.
972
US. Steel
341
85)
March
0/8-19/04 0/8-1/4
Great Northern Iron Ore ...
141
Vanadium
28
U... Dollars
Great Northern Rly. pt6.
271
Warner Bros. Pict.
8
Great Western Bugar
251
Westinghouse Elec,
1111
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Tientsin-Pukow Fly. 8%
(German Stpd.). Tientsin-Pukow Rly. 5%
(Brit. Stpd, Supl. Loan) 18 Tientsin-Pukow Rly. 5%
75/101
United Steel........
CHICAGO CORN
22/6
Spot
$15-5/16 16-1/4
181
101
641
531
*-bid.
High
January
February
March
16-5/18 10-7/32
16-7/32 16-1/8 10-1/8 #10-1/32
Market-Inclined to be easy.
Merchant Rates
Sterling, 0/8-5 /10..
U.S. Dollars, $16-3/16.
Silver Duty Rate
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 11 per cent.Reuter.
Greyhound Corpn. Hecker Products Homestake Mining Int, Nickel
DOW JONES AVERAGE
Jan. 16, 1033.
Change Jan. 13. High Low Close
140.59148.49 147,01 149.90 1.47 up 30.94 *39,00 31.46 31.95 1.03 up 12.50 23.65* 12,80 23,49 .99 up 90.32
00.43
11 op 7.98
1038 & 1930
Low Dow Jones Averages, 158.41 93.86 · 30, Industriala
34.23 19.00 20 Raile 25.19 16.14 90 Ütilliten DR.70 83.39 Ø Bonds 59,00 45,03 11 Commodity Index. 48.00
.02 off S'hai Elec. Constr. Co,.
S'hal Waterworks "A". 18)*
Woodward Iron Cor,
231
Chase National Bank National City, Bank
321*
25 *
**
(Ger. Stpd. Bupl Loan) 15 Jap. 5% Ster. Loan, 1907 431 Jap. 6% Ster. Loan, 1934 481 Ger. 7% Intl Loan, 1924 38 Chartered Bank
9
thex div.
HK. & S'hai Bank (Lán.
Rez.)
86
གླ་༤ ུ. ་
18.
Smethwick Drop Forg....
16/9
Armstrong, Stevens, ord.
8.
Pressed Steel, com.
May July
521/52) 521/521 521/521
53+/531
15
Vickers, ord. .....
September
541/541
532/531 531/531 541/541 54/54
off
22/3
Woolworths
59/9
Anglo-Dutch
WINNIPEG WHEAT
23/9
Rub. Plant. Invest. Trust 28/9 Burma Corporation
8/0
HK. & 6'hai Bank (Col
Reg.) Chinese Erig, & Mining
(bearer)
me
Commonwealth Mining 1/6 Marsman. Investments... 18 Randfontein Estates Western Holdings Sub-Nigel
May July October
621/621
627/63
621/621 021/021 621/021
63/621
off
Dit
631/631
027/63
38/71 11.
87
Tanami Gold Mining...... Anglo-Iranian
232/6 01.
March Jupa
11.85/85
Burmah
£0/71 80/71
17/3
NEW YORK HIDES: (New Contracts)
12.01b/192.12.05b/09a
12.21/22 12.40/45 12.42/43
NEW YORK-STRAITS TIN
Shell Trans, & Trad.
Chosen Corporation
11-
(bearer)
80
Pekin Byndicate ..........
2/4*
March
*--Nominal.
25/-*
-Reuter
Business Dono:-470,000 sharOS
46.45b/65a 40.50b/70 40.55b/75a NY Silver, Official
*****. 42-3/4
unquoted NY-London Cross Rate 4.871/16
4.87-3/4