MONEY AND
PAGE 12-HONGKONG DAILY PRESS
EXCHANGE
CLOSING QUOTATIONS
FEBRUARY 3,1939
On London:--
Telegraphic Transfer. 1/2 3/4 Bank Bills, on demand?/2 8/4 Credits 4 months' sight 1/3 „,
On Shanghai:-
LONDON METALS
£
H.K. STOCK
EXCHANGE
Whilst the turnover for the day was on the small side, prices for Each sales as were recorded mill- eated a steadying tendency in the tone of the market. Buyers
Hongkong Bank, $1430. Canton Ins.. $210.
EXCHANGE London, Feb. 22 (Reuter).
COPTER
4+:
buyers sellers
£
Standard, Cash 41-11/15 Standard,
3 months 42 Electrolytic
41-3/4
42-1/18
---... 47
TIN.
48
Standard, Cash 212-1/2 Standard.
212-3/4
Unton Ins.. $4871:
H.K Fire Ins., $175.
On demand
(78 nom
3 months 212-1/4
212-1/2
Douglases, $85.
Rauts, $9.
On 'Singapore:—
LEAD
Ön demand
32 0/8
On Japan:-
On demand
108 1/4
On India
Telegraphic Transfer, 1 1/8
and demand
i
On New York:--
Foreign
Oficial Price 14-3/18 14-1/4- Foreign Oficial
3 months 14-1/4 14-5/16
SPELTER
Ordinary,
Omelal Price 13-7/16 Bank Bills, on demand 34 - | Ordinary, Official Credits, 60 days' sight 39 1/4
63 11/18
Bank Bills, on demand 1085"
Credits 4 months' sight 1:20
On demand
On Bangkok
108 3/8
13-9/16
3 months 13-11/18 13-3/4 Final Afternoon Transactions Tin, Standard, Cash, £212-3/4 sellers.
Tin, Standard, 3 months, 3212- 1/2 sellers
RESERVE BANK OF INDIA "STATEMENT
Calcutta, Feb. 22 (Reuter)..
Feb. 10 Feb. 17
+
On Bataviz:---
On demand
On" Paris:-
Un Balkon:-
On Manila:---
On demand
........ 57. 3/4
On demand
150 58
Sterling Notes:-
Bank Buying Rate
/ 15/16
Bår Sliver per os,
20 5/8
Shanghai, Feb. 23 (Reuter).
Opening
.London
0/8 11
Notes in circulation (including Notes held in the Bank- Ing Department) Rupee Coin and Bul-
lion in India ..... 5.915 Gold Coin and Bul-
Hon in India
4.154 4.154 Securities Indian
20,536 20,548
6,927
New York
15-5/8
Japan"
58-7/8
Government) Securities (British
3,230 3.229
Paris
Hongkong
5.48 53-3/8
5,950 5,950
(Figures in lakhs of Rupees)
Shanghai Exchange
Sterling
Spot ........
February
March
Government)
HK. Lands, $56. H.K. Roalties, $5.15. H.K. Tramways, $16.60. Chink Lights (Old), $84. China Lights (New), $54. H.K, Bectrics, $57. Sandakan Lights, $9.85.. Canton Ines, $1.
Cements, $135.40.
HK. Ropes. $1.
Wing On (HK.), $384. Entertainments, $7. Marsmans (HK), 3/6. H.K. Govt. 4% Loan 3%pen.
Sellers
H. & 8. Hotels. $69,-
Sales Hongkong Bank, $1440. Union Ins., $467/70. H, & 8. Hotels, $6.55. HK. Lands, $38.
PHILIPPINES MINES Antamoks, Pa. 45. Atoks, Ps. 34§. Bagulo Gold. Ps. 261. Benguet Consolidated, Ps. 13.60. Coco Grove, Ps. 45. Consolidated Mines, Ps. .0025. Demonstrations. Ps. 16). LXL, Ps. 64.
Patacals Guinpus, Pa. 14)."
Ban Mauricio, Ps. 1.76. Suyce, Ps. 21.
United Paracale, Pa..65.
FINANCE
HONGKONG
SHAREBROKERS'.
ASSOCIATION
Volume of Business Transacted on Thursday, February 23
STOCK Shares Price
No. of
Dairy Farms Trams
*
Hotels
500 $23.00
600
16,60
500
16.75
500
.. 6.70
Bank of E. Asia..... 50 85.00 Marsman (HK)... 500 98./6d... Benguet Consol. 100 Ps.13.60 Consol. Mines ...... 20,000 Ps.0,0025 Philippine Gold Mining Quotations
February 23,
Antamoks Atoks
3,000,000 MARK
Britain's Motor Industry
Mechanically-propelled vehicles have now topped the 3,000,000 mark in Great Britain for the first time.
The Ministry of Transport an- nounced thetr antiral return showing that Last September the number was 3,093;884, compared with 2,338,485 at the same time in 1937.
The Increase is a clear indication of the health and resilience of the motor industry.
But there is another side to the picture.
Ir all the vehicles were placed at the same moment on the
roads of the country there would 0025 now be 113 in every mile. Ap- woximately 30 feet would separate each of them.
45
354
Baguio Gold Benguet Consol
261
13.60
Coco Grove
43
Consol, Mines
Demonstrations
163
I. X. L.
64
Paracale Gumaus
141
San Mauricio
Suyoc Consol,
21
United Paracales
85
Market Comment.-Dull
1.78 BOARD OF TRADE
ESTIMATES
F
FRIDAY, FEBRUARY 24, 1939.
PAYNE & CO.
COMMODITY ® BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
8 POT APRIL-JUNE
JULY-SEPT.
(FROM PAYNE & CO.)
New York, February 12
SINGAPORE RUBBER
February 18 buyers sellers 27-3/4 28
28
28-1/4
23-174
February 22 buyers sellern
change
28 28-1/4 - up "1/4" 28-3/8 28-8/B up 3/8
28-1/2 28-5/8 28-7/8 up 3/8
After the Chinese New Year Holidays, the market opened 1/8 of -
a cent higher for all deliveries as compared with Baturday's closing ` quotations.
LONDON, Feb. 23 (B.W.8.)~~The Board of Trade estimate of the balance of payments in 1938 shows ja debit balance of £55,000,000. TRADE INDEX This compares with a debit balance of £58,000,000 in 1937 and £18.000. LONDON, Feb. 23 (B.W.D.)- Board of Trade index of industrial 000 in 1938. There were all-round reductions in estimated net re- production in 1938 was 6.4 per cerceipts from invisible exports having been transacted on basis of quoted rates by dealers and specu-
being
lower than in 1937. This decline follows five years of continuous expansion. Most important groups, showing falls were iron and steel textiles and non-ferrous metals.
વ
LONDON GOLD
London, Feb.. 22 (Reuter). Bar Gold, Fine per oz. 148/4. Dollar Parity, 1/2d, premium.
national shipping income put at £100,000,000 against £130. 000,000 in 1937; income from over- sea investments at £200,000,000 against £210,000,000.
On the other hand, excess of im- £387,900, ports over exports was 000, compared with £431,300,000 in 1937, #hile net imports of silver of £10,500,000 in 1937 was replaced last year by net Imports of over £11,000,000.
HONGKONG SHARE QUOTATIONS
SHAREBROKERS' ASSOCIATION
Early in the morning the market ruled steady in sympathy with advices receive from London and New York. After some business
lators, the market turned quiet.
Subsequently prices registered a slight decline of 1/8 cent for all dellvéries due to some profit-taking.
However, the market recovered this slight set-back towards the close of the session, closing with a steady undertone. «
unforeseen
It is generally expected that the market will move higher' on the steadily improving statistical position, unlésa outside influences might adversely affect the upward trend.
some
LONDON RUBBER
STOCKS
Adams Express
Alleghany Steel Co.
Allied Stores
Allis Chalmers
Amorada Corps.
Amer. Can
Amer. & Foreign Power ....
Ameri & Foreign $7 pf....
Amer. Locomotive
Amer: Metals Co.
Amer. Rolling Mil
Amer, Bugar Ring
Amer. Tel. & Tel
Amer. Tobacco "B"
Amer. Waterworks
Anaconda Copper
Atchison, T. & 8. Fe.
Auburn Motors ...
Baltimore & Ohio
Barber Asphalt Co
Barrisdall Of
Bendix Aviation
Bethlehem Steel
Boeing Airplane Co.
Borg-Warner
Biggs M'facturing
Brooklyn-M'hattan Trans
B'klyn-M'hattan $6 cum pf.
Canadian Pacific R'way,
Columbia Gas & El.
Columbla 6% "A" pt.
Commercial .......
Commonwealth & B. (ord.)
C'wealth &, S. 6% "cum pf.
Consolidated. Edison
Consolidated- Oil......
Continental Can
Continental Oll
Com Producta
Curtiss Wright (C) Curtiss Wright "A"
Deere & Co.
Distillers Corpn. Seagrams Douglas Aircraft
Elec. Bond & Share
Elec. Bond & Share $5 pi.
Elec. Bond & Share $5 pf. "86)
Elec. Power & Light $7 pf: Cintrote ......
Gen. American Trans," Gen. Electric Gen. Motors
Gen. Rallway Signal Glidden Co. Goodrich (B.F.)... Goodrich $5 pt.
Goodyear Tire & Co...
Mar. 17 Bettlement Apr. 17 Bettlement
52-15 53-00 '52-07 52-08 52-03 52-04.
1938 1939 High 158.41 91.94 30 Industriais
Sow Dow Jones Averages, Feb, 22.
145.74
Ready
53-00 52-15
34.33 19.00 90 Baile
(29.56
25.62 15.14 20: Utilities
2473
Mar.17 Bettlement
-52-08 82-07
97.70 83.29:40 Bonds
̈90.37
Apr. 17 Bettlement. 52-04 62-03
Market Quietly steady,
59.00 45.0321 Commodity Index 4741
Open Market-Selling Rates
April
Spot
February
March
Apri
Opening Closing 0/8-1/8 0/8-1/8 0/8-1/8 0/8-178 0/8-7/64 0/8-7/64 0/8-5/64 0/8-5/84
U.S. Dollars
$15-7/8 $15-7/8 15-7/8 15-7/8. 15-13/16 15-13/18 15-3/4" 15-3/4
Market—Quiet.
Merchant Rates
Sterling. 0/8-3/32.
U.S. Dollars, $15-13/16.
Suver Duty Rate
The Central Bank of China's
rate on London at 10 s.m. to-day
was
1/2-1/2d.. unchanged from
the last rate."
NEW YORK STOCK EXCHANGE
Amer, Radiator
(Through Reuter's Service)
The Equalisation rate was 8-1/2 Amer. S'ting and Ring Co.
per cent,
London Exchange
London, Feb. 2 (BWS).
Closing mean rates were:--
Paris 170-63/GA..
New York 4,68-13/16.
Montreal 4.71,
Brussels 20:86.
Geneva 20.60§.
Amsterdam 8.771.
Milan 89). Berlin 11.68). Buenos Aires 20.38. Other rates unchanged.
Calcutta Exchange
Calcutta, Feb. 22 (Reuter). TT. on Japan, 78-5/8.
India Rupee Paper
Bombay, Feb. 22 (Reuter). Govt. 31% Rupee, 95-12-0.
Berlin Exchange
'Berlin, Feb. 23 (T/Ocean). The Reichsmark
quoted was without guarantee at:-Paris 15161. Amsterdam 74.90 to 74 75. London 11.69.
Paris Exchange
Paris, Feb. 23' (T/Ocean).
Sterling was quoted at 176:96 to 177; US. Dollar at 37.75 to 37.76).
SILVER MARKETS
LONDON SILVER London, Feb. 22 (Reuter). - Silver Speculators bought and American sold. There was some trade realising and occasional in- dian buying. Market quietly steady. In the afternoon, the market was dullish for "spot" bat "forward" was steady,
Bpot, 20-5/8a. Forward, 19-13/164.
Ready
BOMBAY SILVER Bombay, Feb. 22 (Reuter).
-Quiet
Ofitake 30 bars.
Indian Mint Suver
Indian Mint Silver
Case, J.I.
Celanese
Chesapeake & Ohlo
Chryster Corpn.
Du Pont de Nemours
Eagle Picher Lead
Eaton, Mfg. Co.
Elec. Autolite
QUOTATION
Great Northern Iron Ore ... Great Northern Rly, pfd. 249: Great Western Bugar....241. Greyhound Corpn......
Westinghouse : Elec." Woodward Iron Cor. Chase National Bank National City, Bank
tex, dr.
DOW JONES AVERAGE
Feb, 29, 1933
High Low Clown Chanie
· 143.13 142.05 149.64 10 off
39.78 29,40 -29,81 | 24.94-15.70 -26.8200
475815 up
Basinem Donas: 470,000 share
SPOT
APRIL-JUNE
STOCK EXCHANGZ
JULY-SEPT.
OCT.-DEC.
Market idle,
Previoua close To-day's close buyers sellers buyers sellers 8-1/8 8-3/18 8-1/8 48-3/16 3-3/18 8-1/4 8-3/18 8-1/4 8-1/4 8-5/16 8-1/4 8-5/18 8-5/18 8-3/8 8-5/16 8-3/8
change
unch.
Last Sale
FEBRUARY 22, 1939
STOCKS
Feb. 21
94
Hecker Products
Last Sale Feb. 21
114.
Buyer Sellers
Babes
Nail THURSDAY 23
NEW YORK COTTON
Buyer Balbarg
Bale Momina
FEB.
Market Closed.
'214
Homestake Mining
611
91
Int. Nickel
511
$1435 .G.D.
Banks
H.K. Banks
CD.
NEW YORK RUBBER
:41}
89
Int. Tel & Tel. Johns Manville Kennecott Copper
81
Do. (Col. Reg.)
3
161
241
|Libbey-Owens-Ford
Lockheed Aircraft Loew's Inc.
Glass
331*
| Martin, Glen L
151
| Monsanto Chemical
177
44
Gat. Dairy Products
20
157
85
Montgomery Ward ...
Nat. Distillers
National Gypsum .......
National Load.
127
Nat. Power & Light
28
Nat. Supply Corpn.
34
New York Central
31
N. American Aviation
63
171
North American Co..........
Northern Pacific
141
Pacific Gas & Elec.
27
Pacific Lighting
691
301'
Packard Motors
Paramount Pictures
24
Pennsylvania R.R.
241
Phelps-Dodge
121
Philips Petroleum
401
Public Service of NJ.
47
Pullman Inc.
Pure Ol.......
211
Radio Corpn. of Am.
35.
Republic Steel
751
Reynold Tobac. "B"
73
Scherley Distillers
841
Schenley, 54% pið.
524
Sears Roebuck .....
11
Shell Union Of
60
321
BI
381
Bocony-Vacuum Of
Southern Factic......
Southern Rly $5 pfd..
Sperry
Standard Brands
28
Stand Gas & Elec.
63
BI
|Standard Oll of N.J.
231
Stone & Webster,
Swift International
191
Technicolor
181
721
Тетав Согра
147
Texes' Gulf Sulphur
11'
Trans-America Co.
221*
20th Cent, Fox.
31+
20th Cent. FOR $1) pí.
11
Union Carbide & Carbon
Union Pacifie
di
United Aircraft
United Airlines Trans. ............
201
United Corpn., ̈.....
541
United Corpn. $3 cam" pl.
39%
United Gas Corpn.
-47+
United Gas Improvement.
211
US. Rubber .........
08. Rubber $8 pfd.
32
U.S. Steel
Vanadium
32
Warner Bros. Pict.
141
101
*bld.
ཙཎྞནཱཡྰཨྰཿ8ཙྪནཱཝཊྚནཱསྶཤཿསྐབྷབྷདྲོ=v ཎྷཨྰཿཊྛཨྰཿཨྰཿཊྚན,-83ཀྰཊྚཀྲྀཏྲྰཾཡྰཨྰཿཨྰཿཝཎཾཨཱདྲོ8ཨཽཅསྶ Lཔྤནྣཾདྷནྟུཙྩཝཧཱཧཱབྷཱཉྩསྶནནྡྷསྨབྷིནྟི
ax.div.
285
213
$88
1916
#4671
$175
Tech
፧፧፧
$485/470
Do, (Lon. Reg.)
19" | Chartered Banka ...... gazy Marcantile Bks. "A" Mercantile Bka, *g*
60 cta.
Bank of East Asia ...
N. C. & B. Bankı
Insurances
Union Insurance
Underwriters
*****
$1440
ID.
£88
XD.
Market Closed.
CHICAGO WHEAT
£13
SA
Market Closed.
Canton Insurances...
$220
WINNIPEG WHEAT
.55
$465
Close
Opening Closing
H.K, Fires
3175
Shipping-
Maz
Donglasni
383 July
$15
Steamboats
$149 October 2
-380
Indo-Chinas (Prof.)
$55
THE
$2/8
Sbel
AI
315
$1
$3
36.65 35
པས
$36
85.16
:
indo-Chinas (Def.)..."
Waterboats
Docks, Wharves, Godowns, etc.
$118 H.K. & K. Wharves
Providenta (old)
$6.20 Providents (new)... 817.30 H.K. & W. Docks... #181 Do. (now)....... Shanghai Docks 8,...
New Engineerings 8.
Mining
17/3 Kalaskamermosazore.
Raube
Venezuela Gold Pida
3 cta, Hong Kong Minas... Lands, Hotels and
Buildings
H.K. Hutala
4
|H,K. Landı........
$107 Do. 4% Debentaras
$8,60 Shanghai Lands B H.K.Realtios,
9856 Humphrey
Blou Chine Estates
Cotton Mills
$17.40 Bwo (B.)
$103_18k Cptions (8.) $24 Zoong Rings (8.)
$2452
May:
[X2/6
鲁
63 1/8-1/8 82.7/8-6362 3/4-3/4 63-3/4-3/4 -83 1/2-5/8 83 3/8-3/8 64 1/8-1/8
High 63
Dow Jones Industrial Averages
83 7/8-64 of 1/4
Feb. 22 Feb. 23 Change
142.64
Closed
Change
of 3/8
otr. 3/8
Low 62-3/4.
11!
$118
281
38.30 $17.00
$17 $101
LONDON
17,3
238.20
$0.65 $5.85
$36
:
#
::
182
$17.50
: 000
after 1952) Canton-Kloon Rly. 5% 181 Chinese 44% Gold Loan, ... 1898 (Brit. Issue)....... 73 Chinese 8% Gold Bonds,
97-3/20
STOCK EXCHANGE
(REUTER'S SERVICE)
The following quotations are the middle prices at the close of the market in London: Ali, quotations, are subject to confirmation and no responsibility is assumed for errors in transmission.
$lub war Loan, 31% (Red.
$5.70
Union InsurANCE
304* Gula Kalumpong Rubber 18/9 Allied Ironfounders
ין.
London, February 22.
1879 Asso. & Elec. Industries 41/ Austin Motors, ord....
$221
1925-47 .....
881
Cable & Wireless, New
Form, ord.
Chin. 41% Anglo-French
B.-A. Tob. (bearer)
Wing On Textiles (8.) ... 948)
97/6
Public Utilities.
Loan, 1908
52
Cammell Laird; ord.
$18.40
Train ways
$18.90
Peak Trams fold)
*8
Chinese 5% Crisp Loan,
1912
0/1
Mexican Eagle
6/11
341
Courtaulds
28
$4
9:36 Star Ferries
Peak Tram (DOW) ***
Chinese 5% Reorg Loan,
Distillers
92/3
+72
1913 (Lan. Ia,)"
491
Dunlop Robber ............
$22
Do. (new)
101
$57
***
BIB
$9.85
$921 Telephonas (old)
18
$22] Y'mail Ferrion (3)
Chiza Lights (0)
Chias Lights H
H.K. Electrics....... Macao Blectrice. ................. Bandakan Lights.....
#7 Telephones (new).... 49/8..Traationa
23/6 Tractions (praf.)
Industrials
$14 Cald., Macg. (Ord.) 8.
24/8.
173
Chinese 5% Ster, Notes,
1925. (Vickers)
13-1/2
China Laghta (New)
Chin. Imperial Ely. - 5%
Loan.......
Gen. Electric (England) 19/8" Guinness (A) Son & Co. 107 Hawker Siddeley Airc... 22/6 Bristol Aeroplane
1531
Honen Rly. 5%
22
Hokuang Ely. 6%, 1911. 21
Imperial Chemical Ind. 31/7 Imperial Tobacco
Hukuang Rly 5%, 1911
812
Marks & Sp'cer "A" ord. 57
138/10).
(German. Issue)... 19-1/2-
Rolls Royceum
#7
113/41
Lung Taing & U. Hai Rly.
5%
Leyland Motors:
85
134
Tate & Lyle...**
Cald, Macg (Fref.) 8. }
$1
$15.40
Canton Loe
Cementa
18:30 #151
S'hai-N'king Rly 6% Tientain-Pukow Rly. 5%
(Brit. Stpd.). Tientsin-Pulow Rly. 1%
23
Turner & Newall
United Steel graagzines 29/9
60/11 787WW
18
Smethwick Drop For
16/6
Armstrons Stevens, ord. 719
E
Hopea
MiscellanoPUS
$231 Dairy Farma
912
Ch. E'tainmenta
Lina Crawfords
314 Hincere
$7.85 Watsons.
Ch. G.5% 1925G $Bda.
7pm H.K. Gort. 49% Loans
par
H.K Govt. B % Loan.
H.K. Wing On
S'hal Wing On
16,64 | Vibro Piling d
Marammans Invi (Loa.)
Mariane Iny, (H.K.)
$7.05
Constractions | (old), Constructiona”.
Nanyang Tobsooo...
$1.80
$7835
661%
$104
851.
3100
HK. & Bhat Bank (Col.
* Reg)
(66.80
(German 8tpd.) (18 Tientain-Pukow Bly, 5%
(Brit. Btpd. Supl Loan) 18. Tientsin-Pukow. Hly.. 5%
(Ger. Stpd. Bupl. Loan) 18 Jap. 5%. Ster. Loan, 1907 444 Jap. 6% Ster. Loan, 1924 401 Ger. 7% Intl Loan, 1924 39 Chartered Banks HK. & Bhai Bank (Ldn
Reg.)..
Vickers, ord
Western
Pressed Steel, com
17/3
23/3
Woolworths
63/6
Anglo-Dutch
424/3
Rub. Plant. Invest
88/3:
Burma Corpo Commonweal
tion
8/3
-1/4
Maraman Invest
14/41
Randfontein
36/101
9/98%
0771
(90 cu. Wm. Powalls
Chinese Eng & Mining
(bearer)
Chosen Corpo)
Ferin Syndicate
Shal ec, Constr. Ca
Shal Waterwor
3/11