STOCKS
Last "Bale
Mar, 14
Adams Expres
91.
International Harvester
Alleghany Steel Co. ....
231
Int. Nickel .............
Allied Stores
101
Ent Tel. & Tel.
457
Johns Manville
662
J. & Laughlin Steel $7 pfd. 53 *
931
Kennecott Copper
3
Libbey-Owens-Ford
Glass
191
Lockheed Alreräft
394
Loew's Inc.
261
Martin, Glen L.
381
Monsanto Chemical
161
Montgomery Ward
183
at. Dairy Products
Amer. ting and Ring Co.
471
Nat. Distillers
Amer. Sugar Ring
201
National Gypsum
165
National Load ........
87
Nat, Power & Light
134
National Steel Corp.
$29
38.
41
Nat. Supply Corpa...... New York Central ...... Niagara Hudson Power
87
N. American Aviation
Barber Asphalt Co
191 ·
| North American Co.
Barnsdall Ol
178
Northern Pacific
Bendix Aviation
264
Pacific Gas & Elec.
Bethlehem Steel
73,
Pacific Lighting
PAGE 12-HONGKONG · DAILY. PRESS
MONEY AND
EXCHANGE
SILVER MARKETS
LONDON SILVER
London, Mar. 14 (Reuter). Silver-Little general buying. Offerings small. Market steady.
CLOSING QUOTATIONS in the afternoon, the market was
MARCH 5, 1939
On London:---
Telegraphic Transfer. 1/2 25/32 Bank Bills, on demand!/2 15:32 Credits 4 months' sight 1/8 1/32 On Shanghai:- On demand
On Singapore:--
On demand
On Japan ----
On demand
On India-
178 nom
52 7/8
105 1/3
Telegraphie Transfer 192 1/4
and demand On New York:-
88 6 8 5 6 5 5.5
Bank Bills, on demand 96 7/8 Credits, 50 days' sight 19 3/8
On Batavia ;--
On demand
On Paris:
MTA
Bank Bills, on demand 3087 Credits 4 months' sight 1197
On Saigon:-
On demand
On Manila:-
On demand
On Bangkok
On demand......
Sterling Notes:-
.Bank Buying Rate
Bar Silver per os
Market Report
From Boss Bros.
+
108 5/8
58
||
150-3/
1/131/32 20 6/8
Silver prices rose 1/16 yesterday for both deliveries, the quotations being 20 5.8 for Ready and 20 1/16 Forward. Silver advices reported the market as being steady with small general" buying. American Silver was quoted at 42 3/4 for Spot
The London-New York cross- rate was quoted at 468.87. New York-London was quoted at 468- # 8.
Quiet.
Market
Sterling
M
There were small sellers at 1/2. 20/32 March and 1/2.7/8 April- June, buyers at 1/2,15/16 Cash and 1/2.29:32 first half of April-June.
U.S. Dollars
There were sellers at 29 1'16 March-April 29 May. probably June, buyers at 29 1/8 March-April and 29 116 May-first half June.
Shanghal Dollars Sellers at 179 3/4 for Spot.
Shanghal Market Sterling sellers at 8.17/64, buyers at 8.9/32 for Spot. US Dollars sellers at 16 1/8, buyers at 18 3/16 for Spot.
Shanghai Exchange
Shanghal, Mar. 15 (Reuter)
idle and featureless
Spot, 30-5/8d. Forward, 20-1/18d.
NEW YORK SILVER New York, Mar, 14 (Reuter). Official Price, 42-3/4,
BOMBAY SILVER Bombay, Mar. 14 (Reuter). Market-Quiet. Oftake 20 bars. Indian Mint Silver
Unofficial quotations
Bombay. Mar. 15 (Reuter).
Ready
52-14 53-01 Apr. 17 Settlement... 53-10 53-13 May 13 Settlement. 52-07 52-10
Market-Quiet.
MEXICAN OIL PARLEYS
MEXICO CITY, Mar. 15 (Reuter) -Mr, Richberg, of the Standard Oil Company, had a one and a half hours discussion - with President Cardenas to-day, when important points were covered. The discussion was then adjourned unti to. morrow.
Mr. Richberg stated that if conclusions were reached within the next two days, he would make a statement to end many of the unfounded rumours. He expects to leave for Washington next week. but, if necessary, will return to
Mexico.
LONDON METALS
EXCHANGE
London, Mar. 14 (Reuter).
COPPER
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
STOCK EXCHANGE
buyers" sellers
£
£
Bayer Sellers Bales Nominal
WED., 15.
MAR.
Bayara
Standard, Cash 43-1/4 - 43-5/16 Standard,
#2400
21410/25
H.K. Banka
*
3 months 43-1/2 Electrolytic
48 TIN
43-9/16 49
***
Do. (Col. Reg.).
£89
Do Lon. "Beg.) ...
หล
西
$1400 £80 £89
Chartered Banka
£37 Mercantile Bk. "A"
215-5/8
$80
Standard, Casti 215-1/2 Standard,
3 months 214-3/4 315-1/4
LEAD
Foreign.
Official Price 14-13/16 14-7/8 Foreign. Omcial
$485
480
$190
3 months 15-1/8*
'SPELTER
15-3/16
3871
Ordinary,
::
Ordinary, Offcial
»
Official Price 13-13/16 13-7/8
14-1/8
3 months 14-1/16 Fiza! Afternoon Transactions Tin, Standard, Cash, £215-1/2 buyers.
Tin, Standard, 3 months, £214- 3/4 pala and buyers.
LONDON GOLD
London, Mar. 14 (Reuter). Bär Gold, Fine per oz, 148/3. Dollar Parity, 1/2d. premium.
GOLD MINE IN EAST KWEICHOW
KWETYANG, Mar. 15 (Central)= A gold mine has been discovered at Fanchingshan in east Kwelchow. The Kweichow Provincial Govern- ment has decided to invest $100.000
in exploiting it.
NEW YORK STOCK EXCHANGE
Allis Chalmers Amerada Corps. Amer. Can
Amer. & Foreign Power Ameri & Foreign - pf.... American Chus & Elec. Amer. Locomotive Amer. Metals Co. Amer. Radiator: Amer. Rolling MU
Amer. Tel & Tel. Amer. Tobacco “B” Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors... Baltimore & Ohio
QUOTATION
MARCH 15, 1939 STOCKS
Mercantile Bka, “Q” Bank of East Amin ...
£13
$80
N. C. & Hanka.. Insurancës
13
Canton InsuTEDOSS ` ... Union InsurWLOON
$225 1.60
50 cts Underwriters
1.K. Fires
$4771 8188
Shipping
Dougla
$15
Steamboats
114
60'
Indo-Chines (Fr.)
$50
Indo-Chinni (Deď.)...
$90
37/6
19
87/6
$9
3110
SPOT
$8.16
APRIL-JUNE
[$18.00/(19)
#18
$101
30
-
+ Mining
1/0 Kailans
18/0
$3
$10
Shella
Waterboats
Docks, Wharves,
Godowns, etc...
$110.K. & K. Wharves
16.45 Previdenta (old)
38.35 Providents (Dew)
||$18.00/119). ... H.K. & W. Doëls... *19.80
$19 $18
to 10/
Do. (new)..... $100 Shanghai Docks 8.
New Engineering 8.
axdiv. 8.35 Raube
$3 Venezuela Gold Fide
5 eta, Hong Kong Mines ... Lands, Hotels and
· 31°
L
Buildings
36.86
.. Hotela 3361 H.K. Landa .........B. $107.4% Debentures 191 Shanghai Landa &
$6.80 $6.00 $3.85
+363 $1061
$4 80 H.K. "Renities
$4.80
28.55 Humphreys
$8
$100 Chinese Estates
Cotton Mills..
$181 Ewo (8.) ua
$18.80
T
$104 B'hal Cottona (8.)
$98
$24
Zoong. Sings (8.)
$291
SPOT
$40.
Wing On Textiles (S.)
148)
APRIL-JUNE
JULY-SEPT.
Public Utilities
Tramwaye
$16.80
OCT.-DEC.
88
Poak "Truman (old)
19
14
Peak Trams (DOW} ...
38748tar Ferrios
1871
*W
Y'mati Ferries (0)
$34
De. (now)
193
ཝཱ-::;
China Lights (0)
China Lighta (New)
Chies Lights Ri
H.K. Electric
#381
$561
Tomina
Валка
THURSDAY, MARCH 16, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNË & CO)
New York, Mar. 14.
SINGAPORE RUBBER
$18.90
Last Sale
Mar. 14
65+
$24
531
$8.80/90
91
061
38.
$181
$11.10
564
1584/ 57...
Macao Electrion Sandakan Lights
#22 Telephones (old)
307
49
23/0
Telephones (WW) Traction
$7.30
22/
351
.93/8
Tractions (pref.)
105
Industrials
314
537
Cald., Macg. (Ord.) 5.
$13
161
|Cald,, Macg. (Fruf.) 8.
Canton Ices
271
8141 Cementa
#1 30
$144
158
$4.10
Ropes .........
$4.30
254
Miscellaneous
9
8161
Daury
774
37
811
121
Constructions
20
39
81
+
164
1.80
w
Sinceros
251
$8,06
$9.05/ 16...
Watsons
Constructions (old)
Lace Crawfords
Nanyang Tobacco
SHA
* usehar**་
Ch. Etainments.....
$2.0.80 07.03
O.D.
(new)
$9.95 $9 15
60%.
Ch. 6.5% 1925G Bds.
12#
*
331
4*.pm
par
49
Opening
Boeing Airplane Co.
287
Packard Motors "
$48
4
1+1
London
New York
Japan
Paris
Hongkong
07/8
Borg-Warner
311
{Paramount Pictures
114
15-5/3
Biggs M'facturing
281
Pennsylvania R.R.
22
56-7/8 5.48
Brooklyn-M'hattan Trans.
112
Phelps-Dodge
13
++
6/3
FOR
401
B'klyn-M'hattan $6 com pí.
389
Philips Petroleum
414
53-3/8
Canadian Pacific R'way. ....
Public Service of NJ.
5
371
Open Market-Selling ftates
Case, JI.
Pullman' Inc.
351
Sterling
Celanese
Pure Of
101
Opening
Cinsing
Spot..
0/8-9/32
March
0/8-9/32
0/8-17/64 Columbla Gas & El.
Chesapeake & Ohio- 0/8-17/64 Chrysler Corpn.
381
Radio Corpn. of 'Am.
LONDON
STOCK
4-
H.E. Govt. 4% Loans
H.K. Gort. % Loan
H.K. Wing Op
s'hat Wing On ... Vibro Piling ********* Marsmans IDY. (Lon.}" Marsmans Inv. (BLK)
80 eta, 19m. Powells
yala to Shanghai
EXCHANGE
$104
$100
11:
麻辣辣
JULY-SEPT.
March 13
buyers
sellera
March 14 buyers sellers
28-5/8
23-7/8 23-7/8. 29-1/8
29
28-3/8 28-5/8 of 1/4 28-1/2 28-3/4 off 3/8 29-1/4 28-5/8 28-7/8 off 3/8 The market opened 1/4 of a cent lower for all deliveries as com- pared with Monday's closing rates.
Early in the morning the market displayed a quiet and duli un- ́dertone." with" orly a moderate demand for "actuals” being in evidence. Dealers, and "speculators did not show any buying interest in futures. the market being adversely affected by the European political situation.
Later in the session the market became easier, prices declining by 1/8 cent for all deliveries due to speculative selling. However, dur- ing the last trading hour the lower level of prices attracting buying interest resulting in a price advance of 1/8 cent for all deliveries,
Closing tone was quiet but steady..
LONDON RUBBER
%
change
Previous close To-day's close buyers sellers buyers sellers
8-1/4 8-5/18 unch. 8-3/8 E-5/16 8-3/8
8-1/4
8-3/8
8-5/16
8-3/8
8-7/18
8-7/18
8-3/8 8-7/16
8-1/2 8-7/16 8-1/2
After ruling easy, the market became steady on trade buying. Business small
Rubber stocks held in the United Kingdom showed a decrease of 67 tons for the week ending March 13, 1939.
NEW YORK COTTON
The market opened fairly steady on higher Liverpool cables, to- however, values gether with "spot" house and trade buying. Later. reacted under liquidation and scattered selling. At the close, the market was barely steady, with prices at around the lowest levels for the day.
NEW YORK RUBBER
The market was neglected and declined slightly owing to lack of support. The statistical position is still favourable, with February consumption well above the same month of last year. To-day's dull- ness was mainly due to lack of outside interest.
CHICAGO WHEAT
Prices continued to decline on slow export demand. The weak- ness of foreign markets had an adverse influence. '
change
$1.80
69%
Dow Jones Industrial Averages
Previous To-day's
close 150.70
close Change 151.10
up .31
N. Y. Commodity Market
190 ote
832
Republic Steel
211
Reynold Tobac. “B”
8
387
April
0/8-17/64 0/8-1/4
Columbia, 6% "A" pl.
Richfield On
91
01
May
0/8-15/84 0/8-7/32 Commercial .......
541
Safeway Stores
36
Commonwealth & 8. (ord.)
.
14
Schenley Distillers
171
U.S. Dollars
Spot
$16-3/16 $18-5/32 C'wealth & 6. 6% cum pf.: 631
Schenley, 51% pid.
75
March
April
May
18-3/16 16-5/32 16-1/8 16-1/16
Consolidated Edison
341..
Sears Roebuck
77
(REUTER'S SERVICE)
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.
London, March 14.
+7
18-3/32
Market-Quiet.
Merchant Rates
Sterling. 0/8-1/4.
US Dollars, $16-1/8.
Silver Duty Rate
16-1/32 Continental Oil
Consolidated oil Continental Can
87
Shell Union Oll
14
£
£
New York Cotton, July New York Rubber, 'May New York Hides," June Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
(By Courtesy of Messrs. Swan, Culbertson & Frits and B. E. Levy & Company)
Prev: To-day's. High Low Close Close Change 8.19 8.12 8.18- 8.13 .05 off 16.53 18.50 1854 18.52 .02 of
12,00
12.15 15 ap
674
871
671 671
off
481
471
487
· 60||
59)
48 608592
1 of
I off
423
Socony-Vacuum Oll
137
29 *
Southern Pacide
18
War Loan, 31% (Red.
after 1952)
98-7/16
Corn Products
601
Southern Rly 35 pfd:
30
Canton-Kloon Rly. 5% 21
Curtiss Wright (C)
6
Sperry
434
Curtiss Wright."A"
241
Standard Brands I
7
Deere & Co. W
231
Stand 'Gas & Elec.
34"
The Central Bank of China's
Distillers Corpn. Seagrams Douglas Aircraft
20
Standard Off of N.J.
301
1898 (Brit. Issue)...... Chinese 1 Gold Loạn Th Chinese 5% Gold Bonds,
1925-47.......................................
코
Unton Insurance Gula Kalumpang Rubber 21/71 Allied Ironfounders...... 19/9 Asso. & Elec. Industries 43 Austin Motors, ord..
301*
NEW YORK COTTON
March (1939)
Close
8.78/78
Opening Closing
Change
8.80/19 8.74/14
.04 off
34/4)
May
8.39/39
8.40/40
-8.34/34
:05 off
69
Cable & Wireless, New
Form, ord.
.
July
2.18/18.
8.19/19
8.12/13
.05 of
461
October
7.78/77
7.77/78
7.75/75
02 of
62
Stone & Webster ......
403
The Equalisation rate was 8) per Elec. Autoctite cent.
rate on London at 10 a.m. to-day Du Pont de Nemours
1/2-1/24.. unchanged from Eagle Picher Lead
was yesterday.
1543
Swift International
15
Chin.. 44% Anglo-French
Loan, 1908
B.-A. Tob. (bearer)..
102/6.
December
7.72/73
7.74/7400
7.69/69
..04.0
55
Cammell Laird, ord. :.
8/7
January (1940)
7.72 N
7.72b/74a
7.68/89
.03. óf
114
Technicolor · ******
Chinese :6% Crisp Loan,
Mexican Eagle
9/8
Spot
9.14 Ň
9.09 N
.05 off
Eaton Mfg Co.
26
Texas Corpn.....
181
1912
Courtaulds
28/6
374
Texes Gulf Sulphur
45
Chinese 5% Beorg, Loan,
Distillers
The last Notice day for March Cotton is March 17.
93/6
Elec. Bond & Share
112
Trans-America Co.
303
́1913 (Ldn. Is).
52
Dunlop Rubber
.28/9
NEW YORK RUBBER
Elec. Bond & Share $5 p.
634"
20th Cent. Fox,',
Chinese 5% Ster. Notes,
Gen. Electric (England) 80/9
London Exchange
Closing..mera rates were:--
Paris. 178-56/64.
.
New York, 4.88-29/32.
Montreal, 4.701. Brussels, 27.78. Geneva, 20.62. Amsterdam, 8.83.
Milan. 89-3/16. Berlin. 11.684. Buenos Aires, 20.28,
Elec. Bond & Share $6. pl. Elec. Power
1
20th Cent. Fox, sit pf.
227
1925 (Vickers)
17
Light $7 pf.
381
Union Carbide & Carbon ...
32
Chin. Imperial Ely. 5%
Guinness (A) Son & Co. 104/6 Hawker Siddeley Airo.... 21
March
16.45b/5la
16.43 N
08 OT
May
16.53/54
16.50/50
16.52/52
.02
Engineers's Public Service
111
Union Pacific
861
Lozn
70
Bristol Aeroplane
September
18.50/50
16.43/43
1648/48
.02
22/11
London, Mar. 15 (EWS).
Flintkote
204
United Aircraft
103
Honan Rly. 5%
Imperial Chemical Ind.
December
.... 16.49/49
18.44/44
16.46b/48a
.01 off
នននន
32/11
Food Machinery Corp.
2941 United Airlines Trans. ......
374
Hukuang Rly. 5%, 1011... 23
Imperial Tobacco
136/10
To-day's Sales: 400 tons.
Gen. American Trans.
-573
United Corpn.
121
Aukoang Rly, 5% 1911
Marks & Sp'cer "A" ord
63
Gen. Electrie ........
421
United Corpn. $3 cum. -pf.
34
(German. Issue)
Rolls Royce
114/41
Gen. Motors
511
United Gas Corpn.
39.
Lang Tsing & U. Hal Rly.
Leyland Motors
The last Notice day for March Rubber is March 29.-
CHICAGO WHEAT
Gen. Railway Bignal
23+
United Gas Improvement
21
5%
Glidden Co,
22
US. Rubber
13
Goodrich (B.F.)
224
|UB. Rubber $8 pid. di 491
Goodrich $5 pt.
-72
UB. Steel wire
.1081
Goodyear Tire & Co.
354
[Vanadiuva
·63-
Great Northern Iron Ore ...
151
Warner Bros. Pict.
13
271
Other rates unchanged..
Great Northern Ely, píá. 287
Westinghouse Elec..
61
Great Western Sugar meri
274
Woodward Iron Cor.
115
New York Exchange
New York, Mar. 14 (Reuter). TT. on London (Opening Rate). 4.68-15/16.
Calcutta Exchange
Calcutta, Mar 14 (Réuter). TT. on Japan, 78-3/8.
India Rupee Paper
Bombay, Mar. 14 (Reuter), Govt. 34% Rupee, 96-14-0,
Homestake Mining Industrial Rayon
Greyhound Corpn..
21
Chase National Bank
23
Hecker Products Dea
114
331*
651
26.
*--bid.
t-ex dir.
671/672 671/871 674/072 68/877
off
67/67) 67/671
off
684/887
681/684
off
CHICAGO CORN
481/481 481/481
477/48
491/491
September
501/50
401/491
401/491 501/501 50/50
WINNIPEG WHEAT
May
18/3
July
601/601 80/001. 61/811
61/60
36/7}
October
611/611
581/591 601/601 612/812
of
11/41
DOW JONES AVERAGE
1939
High Low Dow Jones Averages, Mar. 13,
15485 138.42. 30 · Industrials
34.83 27.83 10 Rails
160,79
3651 2230; 30 Util
*02.4% -89.98 · 40 · Bonds
32.45 26.05
91.93
Mar, 15, 1939, Bigh Low Close
Change 251.39 149.01 -181:10 31 up 8183 39.40 31.75 30 up
· 26.14 | 95,78 · 16,00) .05 off .91.81 ca off
EK. & 8hat Bant (Col 77
Reg.) Chinese Eng & Mining
(bearer)
231/3
89
Tanami Gold Mining Anglo-Iranian
430.
June
11.99/12.00
NEW YORK HIDES: (New Contraéta),
12.00/02 12.15/15
·94/41
19
Burmah
Chosen Corporation..... Fekin Syndicate
Shell Trans. &
(bearer)
·84/41 Trade 81/6
September
12,40/40 NY Silver, Official: 4. 42-3/4 NY-London Cross"Rate 4.89-3/16.
4813-4969, 511 Nommodity Index : 47.83
Baxiness Dane:~690,000 shares.
S'hal Elec; Constr. Co.
26
**Nominal.
"NEW YORK-STRAITS TIN
Bhai Waterworks
September
46.10 N
12.40/40
12.57/57
42-3/4
4.68-7/8
25.70b/46.02 46.10 N.
unch.
Tate & Lyle....
92/9 +63
May
National City Bank rásána Standard Oil of California...27 *.
-S'hai-N'king · Rly, 5%........ 25
Tientain-Pukow Rly. 6%
(Brit. Btpd.)........ 16 Tientsin-Pakow Rly. 5% (German Stpd.)... Tientsin-Pukow Rly. 5%
(Brit. Btpd. Bipi. Loan) 16: Tientsin-Pukow Rly. 5%
(Ger. 8tpd. Bupl. Loan), 18 Jap. 5% Bier. Loán, 1907 41' Jab. 6% Eter.. Loan, 1924 47 Ger. 7% Intl, Loan, 1924 41 Chartered Bank ******** EK & Shal Bank (Ldn.
Reg.)
Smethwick Drop. For... 17
Armstrong Stevens, ord. Pressed Steel, com. Vickers, ord
Woolworths
Anglo-Dutch
May 84/71 July *** 27/3 Rub. Plant. Invest. Trust 30/3 Burma Corporation.... 0/3 Commonwealth Mining 1/3 Maraman Investments....... Randfontein Estates
Western Holdings Sub-Nigel
Monday's Bales:-3,920,000 bushels.
Turner & Newall United Steel
81/104 July
24/7)
September
7/9
18/1/
21/3