Ón London: –
FEBRUARY A. 1939
Telegraphic Transfer. 12 Bank Btus, on demand!/2 Credits 4 months' sight 1,3
13
anese in occupied areas have turn-
CHUNGKING. Feb. (Central)-& Co. Resorting again to subversive activities to undermine the stabl- anty of Chinese finances, the Jap-
1/16
four
Government.
On Shanghai:--
ed out large quantities of ferged Amalgamated Malay Estate notes of the
On demand
1 nom banks.
Limited Kempas Limited
On Singapore: --
On demand
33
On Japan:-
On demand
On Indi
Telegraphie Transfer.
and demand
On New York;
Bank Bills, on demand
Un Batavia...
Un demand
On Park
Bank Bills, on demand Ingo
Credits 4 months' sight 1130
On Balgoh:--
The forged notes
all include denominations of the Central Bank of China, the Bank of China. Pajam Limited the Bank gr Communications Sungel Bagan Rubber Estate and the Farmers Bank. They are being secretly circulated
Kuala Sidim, Rubber Co..
Ltd.
Ltd.
PAGE 12-HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND
CHINESE LEGAL
EXCHANGE TENDER NOTES
CLOSING QUOTATIONS,
FORGED
SINGAPORE STOCK
QUOTATIONS
The following quotations of 12 leading Singapore stocks have been received by Messrs. Eilis, and Edgar from Messrs. J. M. Bassoon
FINANCE
'..
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIATION
STOCK EXCHANGE
Bayer Ballers
Bales Nominal
MONDA
FEB.
N
$1400 $14201
Banks
H.K. Banks...............
Do. (Col. Reg.) ... 584 To Loa, Beg.)... £9) Chartered Banks ExtMercantile Bk. "A" £13 forestile Bka, "0"
Bank of East Azia
*EG
160
A1/3
N. C. & B. Banks... Insurances
Cxatno IngoLDOM ...
| Unión · InsuraDOOR
| Underwriters
H.K. Fires
****Shipping
Douglases
Steamboats
Indo-Chinas
(Prof.)
Indo-China (Def.)...
| Shola
Waterbosta
Docks, Wharves.
Godowns, etc.
Buyers Sellars
Kales
Norma
TUESDAY, FEBRUARY 7, 1939.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
BUILDING
81400)
+
£86
£94
HONG KONG
163
381
Singapore. Jan. 31. RUBBER SHARES
$210
Middle Price
$4A0
5% ela
414
£75
£13
US
$210
$.52
1.581/55
串揚げ $1.80
$1.40
1,621
2.00
1.621
!!!!!
+961
$141
85)
24 813
COMMODITY MARKET REVIEW ·
(FROM PAYNE & CO.)
New York, February 4 (Router):
SINGAPORE RUBBER
February 2
$19
1.20
Tapah Rubber Estate Ltd., 1.62) TIN SHARES
SPOT
APRIL-JUNE
JULY-SEPT.
$118
HK. & K. Wharves
2118
Credits. 60 days sight as
→verywhere. 83 1/2
Little success is experienced by Petaling Tin Limited as these forgeries, however, as their Sunge! Laas Tin Dredging
detected and Ltd. identity is casliy
they are refused acceptance
$435
5.75*
Providenta (old)
10.35
$440
B
Providents (new)....
16.15
$8.25
$17.60
$17.60
H.E. & W. Docks...
$17
1.371
$10
Do. (now)
$16
INDUSTRIALS
9100, Shanghai Docka 8.
8101
Straits Trading Co., Ltd United Engineers Lt.. (Or.
dinary
25.00
8.10.
**
On demand
108 3/1
On Manila:-
17 78
On Bangkok -- ̈·
15+
Bar Silver per oz.
allver madel..
On demand
On demand
Sterling Notes:-
Bank Buying Rate
Market Report"
From Rosa Bros.
REICHSBANË ENTERS OPEN MARKET
BERLIN, Feb. 6 (Reuter)
abandoned The Relchsbank has the practice of buying bill exchange, and cheques issued in foreign currençles, exclusively at 20 Reichsbank discount rates, and
will, in future, purchase them at: the discount rate of the country in whose currency they are issued: I will also refrain trom de- bill's and ducting the fee, on
Silver prices rose 1/16 over the week-end for both deliverles, the cheques. quotations being 29.1/16 for Ready and 19.3/4 for Forward. advices reported purchase, by India and Speculators. The
market was quiet American 6:1- ver was quoted at 42 3/4 for spot. The London New York CIDES- rate was quoted at 407.87. New York London was quoted at 468.
Market
Steady.
Sterling
Nothing doing. There were sel- lers
at 1/2 15/16 first hall of February and 1/2 29/32 February/ April, probably May, buyers at 1/2 31/32 for ensh and 1/2 15/16 March May,
D.S. Dollars
Allis Chalmers Amerada Corps. Amer, Can
Wearne Brothers Limited
13.25
GOLD
Raub Australian Gold Min-
ing Co. Ltd. .......
4.00
Note The above quotations are In Straits dollars.
3610
#3-1
136
of
ROMBAY SILVER
Indian Mint "Silver Unofficial Quotations
Bombay, Feb. 6 (Reuter)
207
15.0 Now Engineerings
10/9
83
Karlan
Raube
Veneruela Gold Fide
beta.ong Kong Mines... Lands, Hotels and Buildings
H.K. Hotels........ H.K. Lands ......B. $107.4% Debantura
$9.00 Shanghai Lands 95 K Realties Q5.10 | Humphreya "con
Chinese Estaten
Cotton Mus
1916.20 Ewo (9.)
831
Mining
16/0
੪ .
#3
86.90 $7.10 $36,
#301
15.50 1680
191
27-1/8 27-3/8 ap 1/8 up 1/8 27-3/8 27-5/8
In response to advices received from London and New York the market opened 1/4 of a cent higher for all deliveries as compared with Thursday's closing quotations.
Throughout the session the market displayed a steady under- tone. A fair demand for "actuals" was in evidence, whilst there was also good buying interest in futures for trade and speculative accounts.
Later in the session prices advanced by 1/8 cent on persistent further buying which consisted partly of shortcovering.
Closing tone was stendy.
It would appear that the better serument was caused by re- laxation of the European political tension as well as by a general, $1 expectation that the IR.R. Committee, at their next meeting on present permissible export 14th Inst., may decide on leaving the quota unchanged for the second quarter of this year.
buvers sellers
28-5/8
February 4 buyers sellers
change
41
27-1/4
28-7/8 37-1/4 27-1/2
28-7/8 27-1/8 up 1/4
LONDON RUBBER
316
Ready' Frb. 14 Settlement Mar. 17 Settlement
52-06
Rwn Rights H.K...
52-04
$101 S'hal Cottons (8.)...
298
Previous close buyers sellers
$24 Zoong Sings (8.)
Evi
52-01
SPOT
$42
Market. Quietly steady,
$17.40
17.407,50...
Wing On Textiles (8.) Public Utilities Tramway
$47
APRIL-JUNE
To-day's close
acllers buyers
7-778
7-15/16 7-15/16 7-7/8
T-15/16 8
g...
change
unch.
JULY-SEPT.
8
$17:80
83
Peak Trame (old) ...
NEW
YORK STOCK EXCHANGE
*
Peak Trams (Dew) ...
+
**
OCT-DEC
8-1/10
8-1/16 8-1/8
7-15/16 8 8-1/18 8-1/8
8-1/14
Market very quiet.
3,1
Star Ferrion
+711
mati Farries [))
5323
322
ik. (now)
(Through Reuter's Service)
8.90
***
China Lights ()
$8,00
3.90
Chin Lights (New)
852
QUOTATION
| China Lights lit4.
STOCKS
Last Sale
FEBRUARY 5, 1939 STOCKS
net/81)
HK Electria .......
8581
219
BIT
Mac10 Electrica
Last Sale
810
Sandakan Lights
Feb. 4
Feb. 1
823
Telephones (old)
83
26
Adams Express Alleghany Steel Co.
231
418
64
Int. Tel. & Tel: Johns Manville Kennecott Copper Libbey-Owens-Ford
81
37.60
Telephones (now),
37!
22:6
Tractions
23/
95
22.8
Tretions pref.)
371
Industrials
Glass 481
The average forecast of last week's stock of rubber in London and in Liverpool shows a decrease of 850 tona.
NEW YORK COTTON
A quiet market, with prices practically unchanged from the previous close at the opening. Later, there was some buying by "spot" house and trade price-fixing: These orders absorbed liquida- tion by commission houses. There was some moderate switching and hedging. Trading, on the whole, was somewhat restricted. owing to the continued absence of any clarification of the Washing- ton outlook.
$14
Cald., Maeg. (Ord.) 8.
95
31
Lockheed Aircraft Loew's Inc.
297
$13
Cald., Macg. (Fref.) 8.
492
$1.70
Canton fees
Amer. & Foreign Power Ameri & Foreign $7 pf... Amer. Locomotive
918.89
18
Martin, Glen L.
327
$16
Cements
31:0 $15.95
NEW YORK RUBBER"
$4
25
Monsanto. Chemical
1024
Ropes
$4,10
Miscellaneous
Nothing doing. There were sel-Amer. Metals Co. jers at 29 1/8 first half of Febru-| Amer. Radiator afe. 29 1/10 February/March and Amer, Rolling Mill
354
Montgomery Ward
497
3231
BRITY
Farica
$23
"16
at. Dairy Products
14
97
Ch. Ertainments
07.05.
181
Nat. Distillera
261
81 atractions
(old)
The market declined at the opening, owing to absence mand. Some trade buying developed later in the session and prices,
undertone was fairly responded accordingly. At the close, the steady, owing to an improvement in the statistical position.
of de-
29 April, possibly May, buyers at Amer. Sting and Ring Co. 29 3/16 for cash, 29 1/8 March and
National Gypsun
14)
Constructions (Dew)
་
39
Lane Crawforda
CHICAGO WHEAT
Amer. Sugar Rag
193
National Load
241"
Nanyang
Nanyang Tobacco
$3
29 1/18 May, probably April,
Shanghai Dolars
Sellers at 182.
Shanghai Market" Opened with sellers. at B.1/4 and then eased off to buyers at 8:32 for Spot. U.S. Dollars opened with sellers at 15 1/4 and closed
at 15.31/32 for Spot. Weak.
Amer. Tobacco "B" Amer, Waterworks Anaconda Copper Atchison, T. & S. Fe. Aubum Motors... Baltimore & Ohio
Barber Asphalt C Barnsdall Of ........
Amer. Tel. & Tel
156)
Nal. Power & Light
8
312
$1.70
821
Nat. Supply Corpn.
121
$7.90
$1.50 38.:08/8.10
148
New York Central
182
65%
8104
20
8. American Aviation
17
$100
361.
3
North American Co.
241
Northern Pacine
.61
Pactic Gas & Elec.
43)
80.80
174"
Pacific Lighting
111
14/4
101
Packard Moters
41
BQ ch.
68
AFTERNOON MARKET
Quiet
Sterling
Bethlehem Steel ... Boeing Airplane Co. Borg-Warner
Paramount Pictures
11
28
Pennsylvania R.R.
20+
Bales to Shanghai
271
Phelps-Dodge
41
Biggs M'facturing
23
Phillips Petroleum
391
.
The market "closed with sellers Brooklyn-M'hattan Trans. 11* at 1/2/15/16 February, 1/2 29/32 Bklyn-M'hatton $6 cum pf. March/April, probably May, buy- zanadian Pacific-R'way. ers at 1/2 31/32 for cash and 1/2) Case, J.I.
Public Service of NJ.
351
38
Pullman Inc.
25
51
Pure Of
91
861
Radlo Corpn. of Am.
71
15/18 March/May.
201
Republic Steel
21
Celanese
U.S. DollarS
The market closed
Chesapeake & Ohlo with allers Chrysler Corpn.
351
Reynold Tobaɛ. "B′
403
751
Schenley Distillers
Shanghai Dollars
at 29 1/8 February, 23 1/16 March Columbia Gas & E. and 29 for April, probably May, Columbia 6% "A" pl. buyers at 29 3/16 for Cash, 29 1/8 Commercial "March and 29 1/18 May, probably Commonwealth & 8. (ord.)
April.
Sellers at 182 1/4. buyers at 182 Consolidated Oil
3/4. for Spot.
Sellers
Shanghai Market
were quoted at 611/04 for Spot and US. Dollars, sellers
at 15.15/16 for February delivery.
Shanghai Exchange
Official T.T. Rates
Shanghai, Feb. 6 (Reuter).
Continental Can Continental Off Corn Producta
Curtiss Wright (C)
Curtiss Wright "A"
Du Pont de Nemours
82
Schenley, 5 pfd.
£
janceres
Watsons
68. Ch. G.5% 1925G $Bds.
11.K. Govt. 4% Ecans
5/P.. Oort. 31% Loan
pth
H.K. Wing On....
ha Wing On.......
20.00 Vibra Piling
Karamans Inv. (Lob.) Maramans Tav. (ELK.)
90 cta. W. Porzella
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, February 3 (Reuter),
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...
(By Courtesy of Mesars. Swan, Culbertson & Frits and S. E. Levy, & Company)
Dow Jones Industrial Averages
Price movements were narrow throughout the market was influenced by weak Overseas advices and declining prices on the corn exchange."
Feb 4 Feb. 5 Change
143.55
session.
The
154,01
up.1.52
N. Y. Commodity Market
82
Sears Roebuck
72
New York Cotton New York Rubber
Mar.
Mar.
0.43 8.44 15.05 15.90
Prev. To-day's ^ Higb Low Close Close Change
8.46
8.44 .02 up
15.95
15.92b 02 up
521
Shell Union Oil
11
Socony-Vacuum Oll
12
Cwealth & 3. 6 cum pl. Consolidated Edison
56
Southern Pacific
171
331
Southern Rly $5 pfa.
27
81
Sperry
..
451
303
Standard Brands
62.
War Loan, 34% (Red
97-9/16 after 1952) Canton-Kloon Rly. 6% 18 Chinese 4% Gold Loan,
1898 (Brit. Issue)....... 10 Chinese 5% Gold Bonds
Union "Insurance
304 Gula Kalumpeng Rubber 1974). Allied Ironfounders ...... 18
BESPLATNA
Chicago Wheat Chicago Corn. Winnipeg Wheat
May......... May May.........
681
081 681 681
unch
501
491 501
49% off
621
621
.621
621
i oft
Asso, & Elec.. Industries
38/3
Austin Motors,, ord.
25/3
NEW YORK COTTON
274
Stand Gas & Elec.
37
1925-47
68
Cable & Wireless, New
Form, ord........
Close
Opening
Closing
Change
40
#
65
Standard Oa of NJ.
Chin. 44% Anglo-French
B.-A. Tob.. (bearer) ..
March
95
501
Loan, 1906
Cammell Laird, ord.
May
7/8
71
Stone & Webster
151
252
Swift International
Chinese 5% Crisp Loan,
1312
33
Méxican Eagle
Courtaulds
July
4/6
October
Distillers Corpn. Bengrams Douglas Aircraft
182
Technicolor
194
25/11
691
Texas Corpn.
441
Chinese 5% Regrg. Loan,
J
Distillers ...........
*(1939)
(..)
* December (..
8.44/45
8.44/44
8.46/46
.02 up
)
8.15/15
8.14/14
8.17/17
.02. up
7.85/86
7.84/84
238/38
.03 up
7.48/49
7.49/49
"7.49/49
.01
up
U
90/6
1913 (Ldn. Is.)
47-1/2
Dunlop Rubber
1487.
Texes Gulf Sulphur"
31
24/4/
January
T (1940)
7.50/50
7.50/50
7.49/50
.01 off
7.52 N
7.51/51
751 N
.01 of
Eagle Picher Lead
114*
Trans-America Co.
BJ
Chinese 5%, Bter. Notes,
1925 (Vickers)
Gen. Electric (England)
74/3
Spot
13
Elec. Bond & Share
111
20th Cent. Fox.
224
Chin. Imperial Rly. 5%
Elec. Bond & Share $5 pf.
61
20th Cent. Fox. $1) pf.
Loan
Opening
Elee. Bond & Share $6 pf.
80
Union Carbide & Carbon
844
Honan Rly. $%
22
London
New York
Japan
Parls
Hongkong
0/B.. 15-5/8
Elec. Power & Light $7 pí
331
Unleri Pacific
951
Hukuang Rly. 5%, 1911. 22
Flintkote
271
United Aircraft
382
50-7.8
Gep. American Trans,
56
United Airlines Trans.
107
Hukuang Rly. 5% 1011
(German Isque)
20
5.48
Cen. Electric
401
United Corpn.
31
53-3/8
Gen. MotorS
461
United Corph. $3 cum pí.
38
Lung Tsing & U. Hai Rly.
5%
Open Market-Selling Rates
Gen. Railway Signal
231
United Gas Corpn
3
207*
Starling
Glidden Co.....
United Gas Improvement
124
Opening Closing
Goodrich (B.F.)
211
US. Rubber ..
444
Spot
0/8-1/4 - 0/8-11/64 Goodrich® $5. pl.
58 ⚫
US. Rubber $8 píd.
994
February
March
0/8-15/84 0/4-5/32 Goodyear Tire & Co. 0/8-13/04 0/8-1/8 Great Northern Iron Ore
321
U.S. Steel
594
141
Vanadium
252
Apri
0/8-11/84 0/8-3/32.
Great Northem Rly, pfd.
251
Warner Bros. Pict.
51
U.S. Dollars
Bpot
$10-1/16
February
15-29/32
March April
15-31/32 15-7/8
.15-13/16 15-23/32
16-1/16
$16-15/16 Greyhound Corpn.
Hecker Products
Homestake Mining Int. Nickel
Great Western Bugar
242
Westinghouse. Elec.
1101
18
Woodward Iron Cor.
21
114
62)
Chase National Bank National City Bank
11
Market-Easy.
Merchant Rates
Sterling, 0/8-6/32;
US Dollars, $15-7/8.
Silver Duty Bate
The Central Bank of China's
rate on Lindon at 10 a.m. to-day
was 1/2-1/2d.. unchanged from Saturday.
The Equalization rate was 5-1/4
per cent
1938 & 1936
High Low Dow Jones Averages, Feh, High Towne
IGR.41 88.98 30 Industriala
84.33 19.00 20 Rails
517.
d'hal-N'king Rly. 5%... 211 Tientsin-Pukow Rly, 5%
(Brit. Stpd.)........... 10 Tientsin-Pukow Rly. 5%
(German 8tpd.) ......... 16 Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) 16 Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supi Loan) 18 Jap. 5% Ster, Loan, 1907 43 Jap. 6% Ster, Loan, 1924 481 Ger. 7% Intl. Loan, 1914 38 Chartered Bank
222
|Guinness (A) Bon & Co.
Hawker Siddeley Airc. 22/0 Bristol Aeroplane Imperial Chemical Ind. 39/9 Imperial Tobacco Marks & Spicer "A" ord. 55/7 Rolls Royce
107
23
135
March (1830) May September December
9.04 N 'NEW YORK RUBBER
15.90/90
15.75/75 15.46/70
15.70b/va 15.77/77
9.06 N
.02 up
*15.15b/80a 15.02b/97a
402 up
15.82/82
07 up
15.80b/82a
03 up
15.77b/792
15,82/82
.65 up
Sales for the day:
13
Leyland Motora............. Tate & Lyle ......... Turner & Newall
110. 84/44 80
United Steel
74/101 23/3
Smethwick Drop Fors.... 15/9
May July September
610 tons
CHICAGO WHEAT 681/081 681/681 881/681
681/681
unch.
684/681
081/681
unch.
691/899
697/891
Du
Armstrong Stevens, ord, g Pressed Steel, com.
Friday's Sales :--
4,243,000 bushels
15/14
CHICAGO CORN
Vickers, ord.
22
Woolworths
80
Anglo-Dutch
23/11..
May July September
Rub. Plant. Invest. Trust 28/3. Burma Corporation ...... Commonwealth Mining..
ין
816
1/6
May
Marsman Investments...
14/44
¡July
834/631
-bld. 1-ex div.
**DOW JONES AVERAGE
HK. & Shel Bank (Ldn.
Reg.)
84
Randfontein Estates...... 38/11 Western Holdings. Sub-Nigel
October
031/04
501/501 501/50 511/511 511/51+ 51/61 513/513 511/511 511/511 WINNIPEG WHEAT
627/821 621/627 621/621
631/631 031/831
631/639
491/50
off
от off
off
unch,
off
9/71
.232/8
HK. & Bhai Bank (Cal
Feb. 5, 1933,
야
Reg.)
26
143,55
29,0A
,"
$5.19 1,14 20 Utilities
24.15
מוד 28,
92,70 .83.39 40 Foals
P0.27
..92.48
59.00 45.03 11 Commodity Index 47,53
47.01 03 off Shat Elec. Constr. Co.. 25 Business Dono:-400,900 shares S'hal Waterworks "a"...
Change Chinese Eng. & Mining 145.85 141.14 145/7 1,2 up
(bearer).... .40 up 30.58 20.13 338
Chosen Corporatior 24.77 21,37 24,80
..19 up Pekin Syndicate
Tanam Gold Mining 410. Anglo-Iranian
March
Burmah
88/14 31/101
June
16/6
Shell Trans.
& Trad.
T
(bearer)
81/3
Nominal.
NEW YORK. IDES; (New: Contracts)
10.00b/94a 10.91b/11.03a 10.93b/98a
11.37/39
11.27/27 42-3/4 NY Silver, Official NY-London Cross Rate 4.87-13/16
NEW YORK-STRAITS TIN
191*
March
46.95 N
11.31/31 unquoted.
4:68
45,55b/46.00 45.60b/80a