Quiet.
Sterling
Nothing doing. There were sel lers at 1/2 31/32 January Feb- ruary and 1/2 15{18 March Ady. buyers at 1/3 Cash March and 12 31/32 April/May,
US Dollars
The market closed with sellers at 29 3/10 January, 29 1/8 Feb- tuary and 29 1/16 March, buyers at 29 1/4 for Cash, 29 3/16 Feb rary and probably 29 I/B March. No busincas was reported.
Shanghai Dollars
Sellers were quoted at 179 1/2.
Shanghai.. Market
Opened with sellers at 8. 19/64 and the highest rate touched was 8. 21/64. Towards the close sellers were reported at 8. 5/16 for Spot.
Shanghai Exchange
Official T.T. Rates
Amer. & Foreign Power Ameri & Foreign #7 pf.... Amer. Locomotive
į Amer. Sugar Ring Amer. Tel. & Tel. Amer, Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 9. Fe, Auburn Motors
On demand.
On demand"
Paris, Jan. 17. Sterling was quoted at 177.19 to 131
177.25: U.S. Dollar at 37.895 to 37.91-Transocean.» 1001
On India-
PAGE 12--HONGKONG DAILY PRESS MONEY AND EXCHANGE
CLOSING QUOTATIONS Berlin Exchange
JANUARY 18 1339.
On London
1,
Telegraphic Transfer. 1 Bank Bills, on demand J Credits 4 months' sight
19/
1/3
On Shanghai:-
On demand
On Singapore:-
On Japan:---
"The
Berlin, Jan. 17. Reichsmark was quoted
LONDON METALS
EXCHANGE
London, Jan. 17.. COPPER
without guarantee at-New York Standard. Cash 42-1/2 40.15. Puris 1523.50. Amsterdam Standard: 73.80 to 73.85, London 11.8475.- Transocean..
(75 nom Paris Exchange
STOCK EXCHANGE
Dayers Ballers
WED., 18.
Balon
buyers ''sellers
£
4
£ 42-9/16
JAN.
Banks
$1415, 1405
H.K. Banks
Do. (Col. Reg.)
3 months 42-3/4 Electrolytic
48
ΤΙΝ
42-13/10 49
£B4 29
215-3/4
180
Do. (Lou, Reg.) Chartered Banks ........... E27 Mercantile Bks. "A"
Marcantile Bks. "O" Bank of East Asia ... N. C. & S. Banks ... Insurances
$210 Canton ·Insurances
Union InsurancOS Underwriters
Standard, Cash 215-1-2 Standard
3 months 216-3/8 216-1/2
LEAD
$1900 £85
£8*4
29
J
2971
£13
$38
13
8470 | #475
Telegraphic Tronster.
India Rupee Paper
Foreign,
Oficial Price 14-5/18 Foreign, Omelat
70 cta.
141
131
1310
#475
70 ots.
,'
On Batavia :—
On demand
63 3/10
On Paris-
Bank Bills, on demand 1080 Credits 4 months' sight 1140
CI Saiton
100
On Manila-
very quiet.
On demand
58. 1,8
Spot......
On Bangkok --
On demand
1499
Sterling Notes:-
Bar Sliver per oz.
13-118 :0 6/16
Market Report
and demand....
On New York:-
Bank Bills, on demand 29 Credits, 60 days' sight 29, 1/2
On demand
Bank Buying Rate
From Roza Bros. Silver prices dropped 1/16 yes- for both deliveries, the terday. quotations being 20 5/16 for Ready Silve: and 19. 7/8 for Forward. advices reported the market being quiet with a small business done. India and speculators were sellers. American Silver was quot
ed at 42 3/4 för Spot
as
The London New York cross- rate was quoted at 487.75.
New
York London was quoted at 488.
178
".
Market
Bombay, Jan. 17. Govt. 31 per cent, Rupec, 98-01-6. -Reuter.
SILVER MARKETS
LONDON SILVER
London, Jan. 17.. Silver India
speculators and sold. Business small, Market quiet.
Flaat Afternoon Transactions Tin, Standard. Cash, £215-5,8 value;
In the afternoon, the market was 38 paid and buyers-Reuter.
Forward
20-5/184.
19-7/8d.
-Reuter.
JOINT SHIPPING
REPORT
NEW YORK SILVER
LONDON, Jan, 18 (BWB)—The New York, Jan. 17.
President of the Board of Trade, Omelal Price, 427.—Reuter.
Mr. Oliver Stanley, received B BOMBAY SILVER
deputation of shipowners yester- Bombay. Jan. 17.
day with reference to the propo Market-Qulet, Offtake 10 bars.
sals of the Joint Shipping Policy Indian Mint Silver
Committee made public last Ready.
52-04 52-02 Wednesday for maintenance Feb. 14 Settlement 52-02 52-01 Mar. 17 Settlement. 52-00 51-14 -Reuter.
LONDON GOLD.
London, Jan. 17. Bar Gold, Fine per oz., 148/8). Dollar Parity, 1/2d. premium.
British shipping.
Mr. Stanley acknowledge the extensive work which had gone to the preparation of the Joint Com- mittee's report, and renewed the assurance he gave in Parliament last July that the Government considera- would give it its full
--Reuter.tlon.
NEW YORK STOCK EXCHANGE
(Through Renter's Service)
QUOTATIONS
3 months 14-9.'10
SPELTER
14-7/18
14-5/8
$175 H.K. Fires
#1:0
Shipping
10-1
Douglases
#15
$18
Steamboats
Ordinary.
$65
Indo-China (Prof.)
$35
1-
Official Price "13-3/4
13-7/8
321
Indo-China (Def.)...
24
+**
PO/0
Shells
Ordinary, Official
3 months 14
14-1/16
$118
SPOT
$4.05
APRIL-JUNE
Tin, Standard, 3 months, £216-
$18.907.18
$8.15 Providenta (new) .... H.K. & W. Docks... $17.20
De. (new)... $100 Shanghal Docks 8. 16, New Engineerings
Mining
0187
JULY-SEPT.
$17
#101
$Ji
8.
17/3 Kailans
17/3 $50.90
9.35 Rauba
13
$3
Waterboats
Decks, Wharves,
Godowns, etc.
#118 H.K. & K. Wharnes Providents, (old) ......
!!:
80/0
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIATION
Bajura Ballers Sales Hom
THURSDAY," JANUARY 19,
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
1939.
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, January 17.
SINGAPORE RUBBER
January 18 buyers nellers
January 17 buyers bellers
27-1/4
27-1/2
27-1/4 27-1/2
change unch.
27-3/4
22
27-3/4 28.
28
28-1/4 28
28-1/4
$3.00
18.45
434)
เ
of
$9.05 Shanghai
Lands
$5.36
95.00
H.K: Realties
$51
lumphreys
$UJ
Chinese Extates
Venezuela Gold Fld
eta Hong Kong Mises...
Lands, Hotels and
Buildings
H.K. Hotala
H.K. Lands
$107) [Do. 4% Debentures N
The market opened 3/8 of a cent, lower for all deliveries as compared with Monday's closing rates.
The market ruled very quiet throughout the day. There was very little activity displayed by dealers and speculators despite fair enquiries for "spot" Rubber by consuming countries. It would ap- pear that operators prefer to await further developments on the Lon- don and New York markets before entering into fresh commitments.
Closing tone was quiet.
*
#361
$106
85
TH
SPOT
8.
it
Colton Mills
C.R. $16.10 Exos, (8) It
$16.20
APRIL-JUNE
#
S'hat Cottons (S.) ...
$10%
$24
$24
Zoong Singe (S.)....
JULY-SEPT.
GCT.-DEC.
8-1/4
8-3/18
8-5/16
LONDON RUBBER
Previous close To-day's close buyers sellers buyera sellers
8-1/10 7-7/8 8
8-1/16 8-3/16 8
8-1/16
8-1/16 8-1/8
8-1/8 OF 1/18 2-1/8 3-3/15 of 1/16
change
off 1/8
DE 1/16
$40
Wing On Textiles (9.)
$12
Public Utilities
$17,40
Tramwaya
$17.80
84
Peak Trams (old)
6)
$4
Peak Trams (now)
521
372
Star Ferries
$72
Market easier in the absence of interest and poor New York advices.
Rubber stocks held in the United Kingdum showed a decrease of 2,794 tons for the week ending January 16, 1939.
sa
mati Ferries (0)
$224
***
Du. (new)
$22
CR
89.55 China Lights (1)
3.18 China Lights
38.70 $2.46
NEW YORK COTTON
8071
$17) $11 $10.30
STOCKS
Last Sale!
JANUARY 18, 1939
STOCKS
H.K. Electrica Bacao Electrics ...... Sandakan Lights .....
857)
Covering and mill demand off-set early liquidation in market.lo-day.
a quiet
Last Sale
$23) Telephonea (old)
Telephones (187)
8931
NEW YORK RUBBER·
36
Jan. 17
Jan. 17
Adams Express
10
9
Int. Tel. & Tel.
260 Tractions
8,0Tractions (praf.)
Industrials
22/
Foreign selling was partially off-set by late buying.
Alleghany Steel Co.
253
101
Allis Chalmers Amerada Corps. Amer. Can
431
Johns Manville .... Kennecott Copper"
391
68)
Libbey-Owens-Ford
603
Glass
99
Lockheed Aircraft
317
31
Loew's Inc.
40+
19
Martin, Glan L
321
$1.70 Canton Ices
$16.70 Cements
Ropes
Miscellaneous
$24
24.
261
McKesson & Robbins. $3 pf.
103
Dairy Farms
$14
Cald., Mocg. (Ord.) S.
Caid., Marg. (Fref.) 8.
$100
$16
BAK
Dow Jones Industrial averages
CHICAGO WHEAT
יו
The market eased on lower foreign advices and reports of pre- cipitation.
Jan. 17
148.20
Jan 18 148.93.
Change
up .87
$7
Ch. Etainments
Amer. Metals Co.
361
49
Monsanto Chemical
11
Constructions
(old)
Amer. Radiator
101
Montgomery Ward
121
Constructions (new)
Amer. Rolling Mill
201
27
38
Lane Crawfords
18
at. Dairy Products
Amer, S'ting and Ring Co.
481
154
Nanyang Tobacco
131
Nat, Distillers..
72
Yinceres ....
211
254
National Gypsum
$9.15
153
81
National Load
891
141
Nat, Power & Light
Watsons
667 Ch. G.5% 19250 $Bds,
n.K. Gort. 4% Loans
$9.05
80%
$106
N. Y. Commodity Market
14
50
par
H.K. GOTL. 34% Loan
$100
Nat. Supply Corpn.
$24
!!LK
311
New York Central
171.
Wing
840
hai
Wing
On On
137
381
.24
N. American Aviation
26.60 Vibro Piling
$0.20
37*
134
North American Co.
18/0
Marmane lav. (Lon.)
Baltimore & Ohio
71
291
Northern Pacific-
Barber Asphalt C
193
431
Pacific Oas & Elec.
Barnsdall Ol
171
41
Faclac Lighting
Shanghai, Jan. 18.
Opening
Bethlehem Steel
731
121
Packard Motors
Boeing Airplane Co.
314
22
3/0
Marsmans Inv. (H.K.).
90 eta Wm. Powells......
$6.50
hina Lights (Ex Rt)
4.10 Ewn Rights Kn
*Sala to Shanghai
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E. Levy & Campany)
190 cle
Figh
Prev. To-day'ı
Low Close Close Change
Paramount Pictures
New York Cotton-Mar.
8,43
$.38 8.34
8.41 .03 up
London
0/8
Borg-Warner
281
42
Pennsylvania R.R.
New York
15-5/8
Biggs M'facturing...
281
411
Phelps-Dodge
LONDON STOCK
EXCHANGE
New York Rubber
Mar.
16.05
15.84
18.03 15,98
,05 off
Chicago Wheat
May
687 681
Japan"
56-7.8
Brooklyn-M'hattan
Trans.
121
34
او
Phillips Petroleum
Paris
5.48Rklyn-M'hattan $8 cam pl.
411
Public Service of NJ.
37,"
Chicago Corn Winnipeg Wheat
-May
May
521 02
681 881 524 $21 521
off
62 817
011
off + off
Hongkong
53-3/8
Canadian Pacific R'way.....
51
91
(REUTER'S SERVICE)
Pare Oll...
Spot....
January
February
0/8-17/04 0/8-17/34 Commercial
March
Open Market-Selling Rates Sterling
Opening Closing 10/8-19/64 0/8-19/54 0/8-19/64 0/8-19/64
Case, J.I.
Chrysler Corpa
0/8-7/32 10/8-7/32 Commonwealth B. (ord.)
91
71
Radio Corpn. of Am.
London, January 17.
NEW YORK COTTON
Chesapeake & Ohlo
221
Republic Steel
23
The following quotations are the middle prices at the close of
361
43
Reynold Tobac. "B"
Columbia Gas & El.
761.
161
Schenley Distilleri
the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
Close
Closing Opening
Change
Columbia 6%, “A” pÍ..
71
Schenley. 54% pfd.
£
$
TB *
72
January March
(1939)
8.35/35
8.30/27
deleted
}
8.38/38
8.36/37
8.41/42
.03 up
Sears Roebuck
52
134
Shell Union Oil
War Loan, 31% (Red.
after" 1952)
Union Insurance.......M
301* "
May
8.13/14
8.10/10
8.18/14
-.03 up
971
Cwealth & 8. 6. "cum pf.
13
Eocony-Vacuum Ol
131
Canton-K'loon Rly. 5% 17
U.S. Dollars
||
Consolidated Edison
50
181
Gula Kalumpong Rubber 21/3. Allied Ironfounders ......
July
(..)
7.87/87
7.84/84
7.90/90
.03 up
18
October
Southern Pacific
Chinese 41% Gold Loan,
Spot
$16-3/18 $18-3/13
Consolidated Oil'
33
291
Southern Rly $5 pfd.
January
February March
15-5/32 18-3/32 16
18-3/18 18-3/32 16
Continental Can
81
454
Standard Brands
1898 (Brit. Issue)...... 70 Chinese 5% Gold Bonds.
Asso. & Elec. Industries 37/0 Austin Motors, ord.
24/9
{ December ( Spot
7.39 N
7.38/38
7.43/43
"...04 up
)
7.41 N
7.40/39
7.44/44
.03 up
8.93 N
9.01 N
.08 up
Continental Oil
411.
་
Stand Gas & Elec.
1923-47
66
ม
Cable & Wireless, New
Form, ord.
B
Market Quiet.
Corn Products ..... Curtiss Wright (C)
291
31
381
NEW YORK KUBBER
| Standard ́OL of N.J.
Chin. 41% Anglo-French
B.-A Tob. (bearer)
05
651
507
Stone & Webster
Loan, 1908
50
Cammell Laird, ord.
7
Curtiss Wright. "A"
B
161
Swift International
Chinese 5% Crisp Loan,
Mexican Eagle
March
(1939)
4/6
Merchant Rates
Distillers Corpn. Seagrams
251
27
Technicolor
1912.
May
30
Courtaulds
25/6
Sterling. 0/8-1/4.
Douglas Aircraft
191
201
Texas Corpn. .........
Chinese 5% Reorg. Loan.
September
Distillers
US Dollars, $16-1/16.
Du Pont de Nemours ...... Celanese
711
462"
81/6
October
18.03/05 16.00/15.97 15.98/16.01 15.95/95 15.85b/90g 15.88b/89a 15.96/98 15,97b/98
.05 off
.09 OE
15.84/88
12 01
Texes Golf Sulphur
1913 (Ldn. Is.)
48+
Dunlop Rubber
22/9
1491
22
December
it 15.35b/B3B 15.86/87
.12 off
Silver Duty Bate
Trans-America Co.
Chinese 5% Ster. Notes,
Gen. Electric (England)
74/6
Eagle Picher Lead
124
1
was yesterday
The Central Bank of China's Elec. Bond & Share ....... rate on London at 10 a.m. to-day Elec. Bond & Share $5 p/
1/2-1/2d.. unchanged
120th Cent. Fox.
1925 (Vickers)
1,1
Guinness (A) Bon & Co.
102/8
124
234
20th Cent. Fox. $ij pi.
Chin, Imperial Rly. 5%
Hawker Siddeley Airc.... 22
CHICAGO WHEAT
592
33
Union Carbide & Carbon
Loan
70
Bristol Aeroplane
22
from Elec. Bond & Share $6 p.
681
877
Union Pacifc
Honan Rly. 5%
21
Elec. Power & Light ST pf,
39
04
United Aircraft
Hukuang Rly, 6%, 1911... 20
The Equalisation räte, was 8-3/4 Flintkotė per cent-Reuter
287
383
United Airlines Trans
Gen. American Trans.
59
121
United Corpn.
Gen. Electric
411
31
United Corpn. $3 cum pi.
Gen. Motors........
474
354
London Exchange
Gen. Railway Bignal
241
United Gas Corpn.
5%
31
United Gas Improvement
Glidden Co.. ....
23
121
London. Jan. 17.
UB. Rubber
Goodrich (B.F.)
23
47+
Closing mean rates were:-
Paris, 177-9/32.
New York, 467-13/16.
Montreal, 4.714
Brussels, 27.661.
Geneva, 20.71,
Amsterdam, 8.611. Berlin, 11.65.
U.S. Rubber $8 pid,
Goodrich $5 pl.
62
'90
U.B. Steel
Goodyear Tire & Co.
35+
644
Vanadium
Great Northern Iron Ore ...
147
271
Great Northern Rly, pfd. 277
Warner Bros. Pict.
51
Great Western Sugar
251
Westinghouse Elec.
1111
Hukuang Rly. 5%, 1911
(German Issue)
Lung Tsing &z.U. Hal Rly.
8'hal-N'king Rly. 5% 20
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
Tientsin-Pukow Rly. 5%
124
(German Stpd.) Tientsin-Pukow Rly. 6%
(Brit. 8tpd. Supl. Loan) 12 Tientsin-Pukow Aly. 5%
124
Greyhound Corpn.
18
Woodward Iron Cor.
241
(Ger. Stpd. Supl. Loan)
124
---British Wireless.
Hecker Products Homestake Mining Int. Nickel
10%
Chase National Bank ......
311*
Jap. 5% 8ter. Loan, 1907 40
641
National City Bank
241*
53
New York Exchange
New York, Jan. 17.
T.T. on London (Opening Rate), 4.67-3/4. Reuter..
Calcutta Exchange
Calcutta, Jan. 17. T.T. on Japan, 78-5/8-Reuter.
"--bid.
1-ez. div..
DOW JONES AVERAGE
1918 & 1939
High
Low Dow Jones Avorsgos, Jan. 18 18.41 94,9650 Industrials
34.33 19.00 20 Raile
Jan. 18, 1933. High Low Close
149,98
149,93 147.47 149.93
.67 up
.-
21.69
31.94 31.5 31.48
20 up
25.10 1.14 20 Utilities
23,50
94.18 23.34 2413
.63 up
92.70 83.39 42 Bands
90.10
59.00 45.03 11 Commodity Index 48.10.
43 up 90,53 .47.97- .19-05
·Basin Done: 820,000 sharba
Chanya
Jap. 6% Ster. Loan, 1924 46
Ger. 7% Intl. Loan, 1824 38 Chartered Bank
HK & Bhai Bank (Ldn.
Reg.)
HK. & Shai Bank (Col.
Reg.)
Chinese Eng. & Mining
(bearer)
Chosen Corporatior
Pekin Syndicate
S'hal Elec. Constr. Co. Shal Waterworks “A”...
9
ཋ ཌ8 སྭྰ ཙྭ ཤྲཱ ཿ་ཚོ་བ་
Leyland Motors............ Tate & Lyle
Turner & Newall
United Steel
Imperial Chemical Ind. 29/101 Imperial Tobacco
130 Marks & Speer "A" ord. 55/6 Rolls Royce.
110/10/ 78/9 57/104 75/3 22
May July September
Monday's Sales:-
087/682
081/68+
681/624
off
081/09
881/681
082/681
off
693/60
694/692
off
7,422,000 bushels
CHICAGO CORN
Smethwick Drop Forg... 10/9
May
July
il
Armstrong Stevens, ord: Pressed Steel, com,"
g
September
521/524 521/521 524/52
537/531 534/537 541/643 541/54
14/9
Vickers, ord.
21/9
Woolworths
59/101
Anglo-Dutch
23/6
Rub. Plant. Invest. Trust Burma Corporation ...... 8/0 Commonwealth Mining. 1/6 Marsman Investments... 15/9
36/9 Randfontein Estates .. Western Holdings
9/0
2679
May
July
October
Off
532/53 637/54
DI
of
WINNIPEG WHEAT
62/62
62/611
614/617
off
621/631 03/63
821/621
-621/62)
827/827
off
នដង
Sub-Nigel
222/6
Tanami Gold Mining...... Anglo-Iranian
od..
March June
80
Burmah
80/71
17/3
Shell Trans, & Trad.
(bearer)
80
2/4*
March
25*
* Nominal
40.45b/60a 42-3/4
-Reuter
19
NEW YORK HIDES: (New Contracts)
12:20 N 12.10/10 12.020/05a
12.40/44 j 12.55/80
NEW YORK-STRAITS TIN
NY Silver, Oficial NY-London Cross Rate 4.07-9/16
12.37/37
46.40b/60e
46.45b/40.400. 42-3/4
4.68-1/8