··41420
£13
WEDNESDAY, MARCH 15, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buyers Ballers
$1400 $1450
$80
+995
$477) 488
$190
387
##
SHAREBROKERS" ASSOCIATION
TUESDAY 14.
MAR.
Banks
I.K. Banka
Do. (Col. Reg.)
***
Do. (Lou. Reg.) ... Chartered Banks.... Mercantile Bka, "A"
237 arcantils FEL "O" Bank of Boss Asiä ... N. C. & S. Banka ... Insurances
Do ots
Cantor Insurances... Union InsuPANIONS
Underwriters
H.E. Fires....
Shipping
Douglas
Steamboats
$18
Indo-Chinas
160
Buyers Ballen
Salomins
፧፧፧
-
ONF
90
$60
X.D.
$295
...
.50 84774 3187
$67
314
*{Prof.)
$50
190
86/10
$14." |Indo-Chinas "(Del.)...
Bhalla
|98/104
|Waterbosta
Docks, Wharves, Godowns, etc.
PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS, New York Exchange
+
MARCH 4, 1939
On London:~
Telegraphic Transfer. 23/32 Bank Bills, on demand1/3 25/39
New York, Mar. 13 (Reuter)." T.. on Loudon (Opening Rate), 4.69-3/16.
Credits 4 months' sight 1: 1/32 Calcutta Exchange
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
Calcutta, Mar. 13 (Reuter). T.T. on Japan, 78-3/8.
..
178 now
22 7/8
fdia Rupee Paper
10 1/2
Telegraphic Transfer. and demand
187 1/4
On demand..........
On India:-
6 € ཥཾ་ྕཇ་ ཕྱྀ རྔུ་ཕྱ ཏྱཾ
SILVER MARKETS
LONDON SILVER
London, Mar 13 (Reuter). Silver Market featureless but
Business small. quiet.
In the afternoon, the market was quietly steady, with small buyers at the rate.
Spot, 20-9/16d.
Forward, 20d.
NEW YORK SİLVER
"
New York, Mar. 13 (Reuter). Omcial Price, 42;3/4-
BOMBAY SILVER
Bombay, Mar. 13 (Reuter)...
Oftake 20 bars. Market-Qulet.
On New York-
Bank Blits, on demand 8 7/8 Credits, 60 days' sight 29 3/8 On Batavia :-
On demand On Parts:
54 1/4
Bank Bills, on demand 1087 Credits 4 months' sight 1127
On Salon-
On demand
On Manlia-
On demand
Bombay. Mar. 13 (Reuter). Govt. 3 Rupee. 97-02-0.
London Exchange
London, Mar. 14 (EWS). Closing mean rates were :- Paris, 176-59/64.
New York, 4.60-3,18. Montreal. 4.70-3/16..
Brussels... 27.881.
Indian Mint Silver
Ready
52-13 $3-13 Apr. 17 Settlement... 53-09 32-10 May 13 Settlement. 52-06 52-07-
Market-Quiet.
Geneva, 20.63.
108 5/8
Amsterdam, 8.531.
Milan, 30-3/16,
38
Berlin, 11.694.
On Bangkok –
On demand
180 3/4
Sterling Notes:-
Bank Buying Rate
1) 31/3)
Bar Silver per o
23 9/16
$119
PREMATURE REPORT
$18.60
Market Report
From Rom Bros. Hilver prices were unchanged yesterday, the quotations remain- ing at 20 9/16 for Ready and 20 for Forward. Silver advices re- ported a quiet market. The mar-
closed kut
steady with small
buyers at the quoted rate. American Sliver was quoted at 42 3,4 for Spot.
The London/New York, cross- rute was quoted at 469.18. New York London was 3/10...
Prague. 137.
Other rates unchanged.
LONDON GOLD
London. Mar. 13 (Reuter), Bar Gold, Fine per oz., 148/2). Dollar Parity, 1/2d. premium.
ON OIL TALKS
THE HAGUE, Mar. 14 (Reuter)— It is learned authoritatively that the reports of agreement having been reached between the Mexican Government and foreign all com panies operating in Mexico are premature. A decision in a favour- able sense is, however, expected shortly...
NEW YORK STOCK EXCHANGE
QUOTATION
'
318
.*
:
;
:
(FROM PAYNE & CO.)
New York, March 13.
SINGAPORE RUBBER
March 11
buyers sellers
28-3/4 29
29
29-1/4
!
March 13
buyers sellera
change
28-5/8 28-7/8 off 1/8
28-7/8 20-1/8 off 1/8
29-1/8 29-3/8 20
29-1/4 aft " 1/8
The market operied with prices unchanged for all deliveries as compared with Saturday's closing quotations.
After a dull and quiet opening the market ruled featureless early in the morning. There was only a moderate demand for "spot" Rubber by consuming centres, whilst traders and speculators prefer- red to maintain side-line positions due to the uncertainties with re- gard to the February consumption figures to be announced shortly. Also the European political situation exercised a restraining fluence on the market.
وا
Later in the session prices declined by 1/8 cent for all deliveries due to some speculative selling which mainly consisted of profit-tak- ing.
Closing tone was quiet.
LONDON RUBBER «
Previous close To-day's close bügers sellers buyers sellers
$18,30
H.K, & K Wharvoe $6.45 Providemtä (old) $6.33 Providenta (new)
H.E. & W Docks...
Do. (D)
3119
SPOT
10)
APRIL-JUNE
36.05
18 3
$18.35
JULY-SEFT.
BIT
$10s Shanghai Docks 8.
6 New Engineerings 8.
0101
$31
Mining
13/0 Kailans
Raube
XD.
19/0 381
$8,35
$3
Venezuela Gold Fida
13
cta
Hong Kong Hires .....
Lands, Hotels and
Buildings
H.X. Hotali
$6.75
16.82
#381.K. Lands
$107 Do. 4 Debentures
89 Shanghai Lunds 8.
$480 H.K. Renition
Cotton Milis
138)
い
$6.9
28.05
Humphreys
3
HI
14.60 $8
Chinese Batatan
$100,
$18
Ewo (S.)
$18.60
106
S'hal Cotions (9.)
$108
Zoong Sings (8.)
I
$10
Wing On Textiles (5.)
$48
SPOT
Public Utilities
APRIL-JUNE
2-3/B 8-5/10 8-3/8. 2-7/16
8-1/4 8-5/16 8-3/8
B-13/2
change off: 1/16
off 1/18
STOCKS
Last Sale
MARCH 14, 1939 STOCKS
$16,90.17.10)
Tramways
#16.80) 817.10) $17
JULY-SEPT.
8-7/18
8-1/2
Last Sale
Mar. 13
Peak Trama (309)
Peak Trame jold) ...
18
**
14
OCT.-DEC.
8-1/2
8-9/16
8-3/88-7/16 8-7/16 8-1/2
off 1/18 off 1/16
Mar. 13
quoted at 469
$874 Star Ferriss
1871 $87
*Market quiet but steady.
Adams Express
10
International Harvester
651
Alleghany Steel Co.
231
Int. Nickel
534
Market
Alled Stores
107
Int. Tel & Tel.
91
$23.80
$8.80
***
Ticati Ferries (0)
$23.80
$32
Do: (new)
123
NEW YORK COTTON
$8.80/90
Chins Lights (0)
$9,10
SA
Quiet.
!
Allis Chalmers
45
Johns Manville
96
Sterling
Amerada Corps, w.......................... Amer. Can
667
|J. & Laughlin Steel $7 prd. 534*
951
Kennecott Copper
371
A small
done at
Shanghal Market.
A small
business was done, at Amer. & Foreign Power
1 2.29/32 for April delivery. The Ameri & Foreign $7 pf.... market closed at 1 pm. with small American Gas & Elec. seliers at 1/2.29/32 March/April Amer. Locomotive and 1/27/8 May/June, probably Amer, Metals Co. July, buyers at 1/2.15/18 for Cash/ April and 1/2.29/32 May/July.
U.S. Dollars
business and
20 1/8 for April delivery. The market closed at 1 p.m. with sel~ Jera at 29 1/8 March. 29 1/16 April/May and 29 June, buyers at 29 3/16 for cash," 29 1/8 April/May and 29 1/16 June.
Shanghal Dollars
Amer, Rolling Mill....... Amer. S'ting and Ring Co. Amer. Sugar Ring Amer. Tel. & Tel: Amer. Tobacco. "B" Amer. Waterworks". Anaconda Copper Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohla
Bellers at 179 1,2, buyers prob- Barnsdall Ol] ...........
ably at 179 3/4
Sellers of Sterling at 6.9/32 for Borg-Warner Sput and US3, 16.3/16-sellers for Biggs M'facturing Spot.
31
Libbey-Owens-Ford
Glass .58 "
$3857 SIN $18 $11.10 $11
20
Lockheed Aircraft
30
391
Loew's Inc.
49 *
311
到
26
Martin, Glen L
341
301
Monsanto Chemical
105
Amer.. Radiator ....
164
Montgomery Ward
531
$14
180
at. Dairy Products
16
$13
451
Nat, Distillers ..
271
$1
National Gypsum
151
$14
1867
National Load'
$4.10
251
BT
Nat. Power & Light
9
13"
National Steel Corp.
"77
281
Nat. Supply Corp
12
371
New York Central
191
4}
Niagara Hudson Power
$11
15.
9
61
N. American Aviation
161
Barber Asphalt C
10%
North American Co.
251
39:16 391
$9.10
Chin Lights (New)
China Lights Rs.
H.K Electrics
Macao Electrics
Sandakan Lights
#221 Telephonse (old)
Talaphones (new)
$30 Tractions Q
23/0Tractions (preď.)
Industrials
Cald, Kagg. (Ord.) 3
Cald., Mang. (Fref.),
Canton Ic
Camente
Roposizi
Miscellaneous
Dairy Farma
Ch. Etainmanta ......
Constructions
Constructions (new)
Crawfords
NARVIN Manyang
1.80... SLAC
Watsons
Tobacco
//
$6.85
$237
$72
$71
29/
IT
Early in the session the market declined, with trading very values Later. limited. This was caused by lower Liverpool cables. rallied somewhat on trade and foreign buying. There was moderate short covering at the lower levels. The market closed very steady.
NEW YORK RUBHER
The market opened lower on easier London advices. There was slackening in factory demand and speculative interest was negli- gible in sympathy with securities in a thin market.
Pumpkin
#242
$4.30
$25 $7.03 U.D.
H
CHICAGO WHEAT
Prices remained within the recent range, easing tractionally on favourable weather and lower Liverpool cables.
إهله)
171
Northern Pacific
131
Bendix Av¬tion
26
Pacific Gas & Elec.
341
4*%.pin
Bethlehem Steel Boeing Airplane Co.
721
Pacific Lighting
491
per
277
Packard Motors
4 #
$45
31
Paramount Pictures
II
274
Pennsylvania R.R,
221
Market
Quiet.
Sterling
Brooklyn-M'hattan Trans. B'klyn-M'hatton $8 cum pt. Canadian Pacific R'way. Case. J.I.
11
Phelps-Dodge
401
39
Phillips Petroleum
401
51
Public Service of NJ.
371
92.
Pullman Inc.
351
Celanese ...
227
Pure Oilni
10
Chesapeake & Ohio-
372
Radio Corpn. of Am.......
71
U.S. Dollars
The market closed with sellers Chrysler Corpn.. at 1/2.29/32 March/April and Columbla Gas & El. 127/8 May/June, possibly July, Columbia 6% "A" pi. buyers at 1/2.15/16 Cash/April Commercial and 1/2.29/32 May/July.
The market closed with sellers Consolidated Oll at 29.1/8 March, 29 1/16 April/Continental Can May and 29 June, buyers at 29-3/16 Continental Oll Cash, 29 1/8 April/May and 29 Corn Products
Curtiss, Wright (C) Curtiss Wright "A" Deere & Co.
1/16 June.
+)
Shanghai Dollars Sellers at 179 5/8 for Spot,
Shanghai Market
8.9/32 sellers for Spot. Dollars 16.3/16 sellers for Spot.
Shanghai Exchange
821
Republic Steel
21
"LONDON
18.9
6/3
Vibro Piling
Marsman Inv. (Lon.) Maramane Inv. (HK)
50 ola, Wm. Powolle...
#Balm to Shanghai
STOCK
EXCHANGE
$71
Previous close
To-day's
close
Change
#9 10
$4
$3
-$1.80
Dow Jones Industrial Averages
151.77
150.79 off .09
Ch. 0.5% 1925G $Bd.
69%
H.A. Gort, 4% Loans
$104
H.K. Govt. 3% Loan
$100
H.K. Wing Op.....
S'hal Wing Da
$40 25
N. Y. Commodity Market
190 eta
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
·S, B. Lery & Company)
81
Reynold Tobac. “B”
High
Prev. To-day's Low Close Close Change
901
Richfield. Ol1
544
Safeway Stores
Commonwealth & 8. (ord.)
141
Schierley Distillers
(REUTER'S SERVICE)
@
London, March 13.
New York Cotton, July New York Rubber, May
8.19
8.12 8.16 8:18 02 up
16.62
18.53 18.75a 16.54 21 of
171
C'wealth & S. 8% cam pl. Consolidated Edison
634
Schenley, 51% pfd.
341
Sears Roebuck
Shell Union Oil
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 Hides, June"
12.09 11.97
12.11a 12.00 11 off
132
Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
68
071
661
481
481
481
off 677 481" off
602
61 601
B01
"off
421
Socony-Vacuum Onl
£
£
131
201
Southern Pacific
171
66
Southern Rly $5 pfd.
201
6
Sperry
433
War Loan, 31% (Red.
-after-1882) Canton-Kloon Rly. 5%
Union Insurance
301*
NEW YORK COTTON
$8-7/18 21
241
Standard Brands
***
1898 (Brit, Issue)
227
Stand Gas & Elec.
34
Chinese 41% Gold Loan, 771
| Gula Kalumpong Rubber 21/71 Allied Ironfounders..... 19/9 Asso. & Eleg. Industries Austin Mótork, ord,
Close
Opening Closing
Change
43/6
March (1939)
8.76/70
8.74/73
8.78/78
02 up
34/41
May
8.38/36
8.34/33
8.39/39
:03 up
Distillers Corpn. SengramS Douglas Aircraft
194
Standard Oil of N.J.
497
Chinese 5% Göld Bonds..
.884
Stone & Webster
151
..1925-47
69
Cable & Wireless, New
Form, ard.
July
5.16/16
8:13/13
8.18/18
02: up
48
October
7.69/69. 13
7,68/68 -
7.76/77.
קט 08.
VS. Du Pont de Nemours «........
1554
Swift International
Chin. 44% Anglo-French
B.-A. Tob. (bearer) ..
102/6
December
7.65/65
7.83/63
7.72/73
08 up
Eagle Picher Lead
113
Technicolor
191
Loan, 1908
55
Eaton Mfg. Co.
261
Тежая Согра
443
Chinese 5% Crisp Loan..
Cammell Laird, ord: ...... Mexican Eagle
8/2
January (1940)
164 N
7.63b/65a
7.62 N
8/8
Spot
9.11 N
9.14 N
03 up
"
Elec. Autolite :
37#
Texes Gulf Sulphur'
1912
303
371
Courtaulds".........................
28/9
The last Notice day for March Cotton is March 17.
Elec. Bond & Share
111
Trans-America Co.
01
Chinese 5% Reorg Loan.
Distillers
93/9
London
New York
Japan
Paris
Shanghai, Mar. 14 (Reuter).
Opening
0/8 15-5/8 56-7/8 6.48
Elec. Band & Share $5 pf.
631
20th Cent. Fax.
231
1913 (Ldn. 14.)
52
Dunlop Rubber
27/3
NEW YORK RUBBER
Hongkong
Open Market-Belling Bates.
58-3/8
Elec. Bond & Share $6 p. 714 Elec. Power & Light $7 pf, 38 Engineers's Public Service 113 Flintkote
Food Machinery Corp. Gen: American Trans.
20th Cent. Fox. $13 pt. ......
-33+
Chinese 5% Ster. Notes,
Gen. Electric (England) 80/9
Union Carbide' & Carbon
861
· 1925 (Vickers)
161
Union Pacifc ...
102
Chin, Imperial Rly, 5%
281
United Aircraft
371
Loan ...
70
294*
United Airlines Trans. „
121*
Honan Rly. 5%
581
United Corpa, maga
31
Hukuang Rly. 5%. 1911... 23
Gen. Electric,
421
United Corpn. #3 cum pt.
39
Hukuang Rly. 0%, 1911
Gen. Motors
501
United Gas Corpn. ...
(German Issue). Zi
21
Quinness (A) Bon & Co. 106/8 Hawker Siddeley Air.... 21 Bristol Aeroplane Imperial Chemical Ind. 31/100 Imperial Tobacco
138/104 Marks &Bp'cer "A" ord. 62/9 Rolls-Royce
March May
16.67b/73a
16.45b/51a
*"22 off
16.71b/75a
16.82/62
16.53/54
21 од
24/8
September December
16.66/68"
16.53/53
16.50/50
10 of
16.68b/68216.54/53
16.49/49
.19 of
To-day's Bales:-1,450 tons.
The last Notice day for March Rubber i March 29.
113/9
CHICAGO WHEAT
Sterling
Gen. Railway Signal
231
United Cas Improvement, 13.
Opening
Spot
Closing 0/8-17/64 0/8-9/32 Goodrich (B.F.)
Glidden Co..
221
US. Rubber
491
Lung Tsing & V. Hai Rly.
8%
Leyland Motors
93
10.
Tate & Lyle
63/11
May
68/681
671/68
679/678
221
UB: Rubber $8 pfd.
1031
March
April
May
0/8-17/64 0/8-9/32 Goodrich $5 pf... 0/8-1/4 0/8-17/64 Goodyear Tire & Co. 0/8-7/320/8-15/64 Great Northern Iron Ore
73
U.S. Steel
$21
S'hai-N'king Rly. $%..... 2 Tiantain-Pukow Riy. 5%
Turner & Newall
82/3
July
BB1/BEI 68/68)
68/671
Unfted Steel ****
24/7/
September
60/69+
681/681
351
Vanadium ........
271
(Brit. Btpd.).
16
Smethwick Drop Forg.. 17
Saturday's Sales:-2,596,000 bushels.
15
Warner Bros. Piet:
#1
Great Northern Rly, pid.
283
Westinghouse Elec. hadi 1141
US Dollars
Great Western Sugar
28
Woodward Iron Cor.
· 221*
Spot March...
$18-5/32 $18-3/16 Greyhound Corpn.
201
18-5/32
April
May
16-3/16 Hecker Products 16-3/32 18-1/8 Homestake Mining 16-1/32 10-1/10 Industrial Rayon
114
051
Chase National Bank...... 33* National City Elank............: 25£*: Standard Oll of Califórnia.
291
251
Market-Quiet.
Merchant Rates
*bid.
1-ex. div.
Tientsin-Pukow Rly. 5%
(German 8tpd.) Tientsin-Pukow Rly, 5%
(Brit, Stpd. Bupi. Loan) 18" Tientain-Pukow. Rly.5%)
(Ger, Bipd. Supl. Loan) 16 Jap. 5% Eter. Loan, 1907 4112 Jap. 8% Ster, Loan, 1934 43 Ger, 1% intl Toàn, 1024 10 Chartered Bank
Armstrong Stevens, ord: 7/9
CHICAGO CORN
Pressed Steel, com, Vickers, ord.
18/3
21/11
Mar
Woolworths
64/9
July
481/481 500/501 50/50
481/481
484/481..
493/491
Anglo-Dutch
2716
September
-51/51
507/507
504/501
off
94
Sterling, 0/8-1/4,
US Dollars, $16-1/8.
Silver Duty Bate
The Central Bank of China's | rate on London at 10 am: to-day was 1/2-1/24. unchanged from yesterday.
The Equalisation rate was 8 per
cent.
HH. & Shai ́Banic (Lán..
Reg.)..
90
DOW JONES AVERAGE
Rúb. Plant. Invest. Trust : 30/8′′ Burma Corporation'. ·9/6 Commonwealth »Mining... --1/41 Marzenarı · Izvestments.......... 18/9 Randfontein Estates · 36 /74 - Western Holdings Builds 11/9
231/3 Sub-Nigel
WINNIPEG. WHEAT
May July October
61/62
ELK. & Shai Bank (Col.
61/811 611/817 NEW YORK HIDES: (New. Contracts)
601/502 604/804 -614/610 81/61
821/625
off
ΟΣ
1989
High Low Dow Jones Averages, Mar. 11. 18-485-136.42 30 Industrial
181.77
Mar. 14, 1989, High Low Clas Change 161.88-160.30 150.79
Reg.).
Tanami Gold “Minirig.. 444 Anglo-Iranian
05/73
98 off
Chinese Eng: är Mining.
34.33 27.9320 Bail
33.07
16,51 22.30 20 Utilities
26.28
3173 3241 31,45 2,62-68 96.31 25.33 $8,06
... (bearer) »
Burmah
·85/7}
32 off
Chosen Corporation
Shell Trans." de
June 'September NY silver, Official ... anquoted NZ-London Cross Rate 180-3/16:
92.91 89.28-40 Honda
B218
07.83
35 of
Pekin Syndicate D
(bodrer)
86/10
14Nominiál
49,12 40.69 11 Commodity Index: 47.90
47.33
18 diff
Shai Bec Constr. Co.
Beptember
12.070/110 12.00/1197 11.09/13.00 12.49/50 12.40/39 12.40/40
42-3/4 4.69-3/18
NEW YORK-STRAITS TIN
48.10 N (45.70b/48.20%. '48.10. N
Business Dona:-650,000 shares
S'hal Waterworks