PAGE 12-HONGKONG DAILY PRESS
MONEY AND
SILVER MARKETS
LONDON SILVER
EXCHANGE London, Mar. 16 (Reuter).
* Silver-Market qulet and fea- tureless In the afternoon, the
CLOSING QUOTATIONS market was quiet. "Forward" was
MARCH 17, 1939
On London:
Telegraphic Transter. 1/3 30/32 Bank Bills, on demand1/2 25/32 Credits 4 months' sight 1/3 1/32 |
On Shanghal-
On demand
On Singapore:
On demand
On Japan:-
On demand
On India:-
1780cm
7/9
10A 1/9
Telegraphic Transfer. 1821/4
and demand...)
On New York:-
Bank Bills, on demand 13/16 Credits, 60 days' signt 29 6/18
Un Batavia:-
On demand............. 34 3/18
On Paris:→→→
Bank Bills, on demand 1087
Credits 4 months' sight 11S
offered at the rate and "spot-1/16. ander, but there were no buyers.
Spot, 20-5/8d.. Forward, 20-1/16d.
il
NEW YORK SILVER New York, Mar. 16 (Reuter), Official Price, 42-3/4.
BOMBAY, SILVER Bombay, Mar. 16"(Reuter). Market-Quiet but steady.
Ready
LONDON METALS
EXCHANGE
London, Mar. 16 (Reuter),
COPPER
£
3 months 214-3/8
LEAD
Offtake 10 bars. Foreign. Indian Mint Silver Unofficial Quotations Bombay, "Mar, 17 (Reuter),
53-01 52-15. 52-13 52-11 Ordinary.
Apr. 17 Settlement
May 13 Settlement. 52-10 62-08
Market-QuiOL
London Exchange
London, Mar. 17 (BWS), Closing mean rates were! Parla, 176-49/64.
}}
New York. 4.86-13/32.
3 months 13-7/8
buyers
sellers £
Standard, Cash, 42-5/8 Standard,
42-11/18
$1400 $1400/ 20
3 months 42-13/16 42-15/15 | Electrolytic ...... 47-3/4- 48-3/4
TIN Standard, Cash 215 Standard,"
287
215-1/4
214-1/2
#90
117
MAR.
Banks
A.K. Enaka
Do. (Cal. Bog.)
Do. (Lou, Reg Chartered Banks` ..... £27 Mercantile Bk. "A" 813 Marcantile Bha, “Q” Haak of East Asia ...
N. C. & S. Banks
Insuranges
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIAȚION
STOCK EXCHANGE
Ballers
Sales
Nominal
FRIDAY 17.
Bayar Bellete-
Baden-Wonalna
!!!!
B1400
287
SATURDAY, MARCH 18, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE · BUILDING
HONGKONG
1063
Es
£13
$90
COMMODITY MARKET REVIEW
12
$225
Canton, InsorsOCUS
$295
8425
Union InsuranOM ...
Call pair!
IN
Underwriters
8580
Oficial Price 14-6/8 Foreign Official
14-11/18 $195
H.E. Fires
2190
Shipping
3 months 14-7/8
SPELTER
14-15/18 $68
Douglass
$88
316
Steamboats
$1+
$60
Indo-Chins
(Prof.)
150
214
Indo-Chinas (Del)
Qmcial Price 13-5/8" Ordinary. Official
13-11/16
33/0
Shella
13/0
::
13-15/16
Final Afternoon Transactiona Tin. Standard. Cash, £215-1/4 buyers.
14.30
Tin, Standard, 3 months. £214- 3/4 paid and buyers.
$191
Waterbosta
Docks, Wharves, Godowns, etc..
9118 H.K. & K. Wharves Providenta (old)
$8. Providents (new)..... HE.& W. Docka...
Do. (D)
$100 Shanghal Docks S.
$6
New Engineering 8.
Mining
13/3 Kalans ..........
18.35. Hanbe
$3 Venezuela Gold Fida
bota, Hong Kong Minas ... Lands, Hotels and
Buildings
H.K. Hotels
3119
SPOT
SA
APRIL-JUNE
$5.80
JULY-SEPT.
$19)
C.D
G.D.
5181
101
Bej
18/3
$3
(FROM PAYNE & CO.)
SINGAPORE RUBBER
March, 16 buyers sellers
March 15
buyers, sellers
28-1/4 29-1/2 27-7/8-28-1/3 off '3/8 28-1/2 28-3/4
28-1/4 off 1/2 28-5/8 28-7/8 28-1/8 28-3/8 of. 1/2
The market opened 1/2 of a cent lower for all deliveries as compared with Wednesday's closing rates.
After a quiet opening the market ruled with an uncertain un- dertone, being dominated by the European political situation,
Later in the session the market became easier on speculative selling, prices gradually declining by. 1/4 cent for äll deliveries. It was very difficult to transact business due to scarcity of buyers.
The market closed with an easy undertone.
New York, March 16.
change.
28
17
Un Saigon:-
On demand
168 3/8
On Manila:
Montreal, 4.70-1/4.
Or demand
57 7/8
Brussela, 27.84.
On Bangkok -----
Geneva, 20.65.
On demand
Sterling Notes:
Bar Silver per oz.
180 3/4
Bank Buying Rate
1/2 31/32
Lan, 89-1/16.
20 5/8
Market Report
From Boss Bros.
Silver prices were
unchanged
yesterday, the quotations remain-
Amsterdam. 8.82),
Berlin, 11.87).
Other rates unchanged.
Calcutta Exchange
Calcutt, Mar. 18 (Reuter)." TT on Japan. 78-3/8.
ing at 20 5/8 for Ready and 20 India Rupee Paper
1.16 top Forward. Silver advices
reported the market as being quiet with nothing doing, American Sliver was. quoted at 42 3/4 for Spot..
The
London / New
York cross- rate was quoted at 488.37. New York/London was quoted at 488.
Bombay, Mar. 18 (Reuter). Govt 33% Rupee. 96-0-0.
LONDON GOLD
London, Mar. 18 (Reuter). Bar Gold, Fine per oz., 148/8. Dollar Parity, 1/2d, premium.
LONDON GAZETTE BROKERS' LOANS
New York, Mar. 16 (Reuter). Loan on securities to brokers in New York:-
Week-ended
9/3/39 $758,000,000
Week-ended
18/3/39 $715,000,000
NEW YORK STOCK EXCHANGE
$6.35 €81 $39] $38+
H.E. Lands $107.4% Debentures
......B.
3D Shanghai Lands 8.
$480 H.K. Realties
$8.36 Humphreys ..........
QUOTATION
3.8
Markoi
STOCKS
Last Bale
MARCH 17, 1839 BTOCKS
"Last Sale
Mar. 16
Quiet,
Mar. 16
Sterling
Adams ExpreOS
International Harvester
641
April/June, buyers at 12.15/16 Amer. Can.......
Business was done at 1/2.29/32 Alleghany Steel" Co... for March delivery. The market Alled Stores clused at 1 p.m. with sellers at Allis Chalmers 1/2.29/32. March and 1/2.7/8 Amerada Corps.
22.
Int. Nickel
502
$57
10
Int. Tel. & Tel.
82
******** {j****
44
Johns Manville
94
#11.10.
851 91
3. & Laughlin Steel $7 pfd." 54"
#221
Kennecott Copper
361
for cash Juric.
3 and 1/2.29/32 April/ Amer. & Foreign Power
Libbey-Owens-Ford
Glass 537
Ameri & Foreign $ pt...
181
Lockheed Aircraft
314
ין
done at
U.S. Dollars A small business was 29 1/8 for cash. There were sellers at 29 1/16 March, 29 April and 28 15/16 May/June, buyers at 29 1/8 Cash, 29 1/18 probably Drst halt of April and 29 May/June.
Shanghai Dollars'
180:1/4
Shanghal Market Quiet. Sellers of Sterling at 2.1/4 for Spot and US Dollars at 15.3/32 for Spot,
Afternoon Market
The market wij quiet in the afternoon, the undertone was riot robust.
Sterling
Amer. Locomotive Amer. Metals Co. Amer. Radiator ..... Amer. Rolling Mili
Amer. Waterworks Anaconda Copper Atchison, T. & 3. Fe. Auburn Motors ... Baltimore & Ohio Barber Asphalt Cc
The market closed with sellers Biggs M'facturing
3 1/2.29/32 March and 1/2.7/8 Brooklyn-M'hattan April/June, buyers at 1/2.15/16 for B'klyn-M'hattan $6 cum pf. cash and 1/2.29/32 first half of Canadian Pacific R'way.. Apr:1/June.
U.S. Dollars
The market closed with sellers Chesapeake & Ohlo
at 29 1/16 for March, 29 April, 28 Chrysler Corpn. 15/18 May. probably June, buyers Columbia Gas & El.
at 29 1/8 Cash. 2 1/18 first halfColumbi± 6% “A” pf. A...
of April and 29 May/June.
- Shanghai „Dollars
American Gas & Elec,
387
Loew's Inc.
411
$14
247
Martin, Glen I
36
$13
381
Mor.santo Chemical
103
13
151
Montgomery Ward
52
181
at. Dairy Products
151
$4.10
Amer. Sting and Ring Co.
46
Nat. Distillers
271
Amer, Sugar Ring
201
National Gypsum
#251
147
296 Tractions
23/8 Tractions (preč.)
Caid., Kacg, (Ord.) 8.
Canton Icos
$141 Cements
Bopp
Miscellaneous
Bairy Farms
$100 Chinese Estates
Cotton Mills
$18.00 E (S.) vira
$104 S'hat Cottons (8.)...
$84 Zoong Singe (8.)
SPOT
APRIL-JUNE
208 8291
$16,40 JULY-SEPT.
2:40
Wing On Textiles (8.) Public Utilities
1481
$18.00
$16.90)
Tramways...
017
$4
Peak Trams (new) ...
Peak Trams (ald) "...
19
14
$87| |Star Ferriss
187,
$26
Y'masi Farris (0)
125
Do. (new)
194
88.90 Chine Lights (0) .
#19
54 China Lights (New)
$51
+44
China Lights Iti
--36017601
H.K. Electrics
$581 $582 #561/1
$181 #11.10
Kacao Electrics
Sandakan Lights ...
Telephones (old)
$221
87
Telephones (vaw)
$7,30
29/-
X D.
330+
1918
34:0
18
4.
LONDON RUBBER
Previous close buyers sellers
8-1/8" 8-3/16 8-3/18 8-1/4 8-1/8
To-day's clos
buyers" sellers
8-1/16
change
8-3/16
od 1/18
8-1/4
O 1/18
Industrials
1
Caldi, Macg. (Fref.) 8.
$1.30
#117 34.30
$25
$951
Amer, Tel & Tel
184
National Load
87.06
2471
Ch. E'tainmente...... Constructions
$7.03
(old)
$11
Amer. Tobacco "B"
37
Nat. Power & Light
Constructions (DOW)
Dow Jones Industrial Averages
8-1/4 8-5/16 8-1/4 8-5/18 unch 8-5/18 8-3/8 8-5/18
unch.
OCT-DEC.
8-3/8 After ruling easy on Eastern and outside selling, the market rallied on bear-covering and better American advices.
NEW YORK COTTON
While distant positions ruled relatively firm, nears weakened on lower Liverpool cables, combined with "spot" house and Southern hedge selling. The export subsidy' plan foreshadowed yesterday may be expected to be announced in a few days...according to the Washington Correspondent of the "Journal of Commerce."
NEW YORK RUBBER
Early in the session, the market declined owing to lack of de- mand and trading was very quiet. Later, values partially recovered to close well above the low levels for the day. The undertone, at the close, was steady.
CHICAGO WHEAT
Prices weakened in sympathy with Liverpool and Winnipeg. The decline in corn prices' further depressed the market.
Previous
To-day's
close
147.68
close
Change 147.54 off 12
124
National Steel Corp.
38
751
Lane Crawforda
281
Nat. Supply Corpn.
12
36
New York Central ....
Nanyang Tobacco
$1.80 binceres
$1.80
183
Niagara Hudson Power
$0.10
39.10
[
Wataoca
$0 10 39
$7
$9.10 G.D.
81
69%.
GA
181.
N. American Aviation North American Co.'
171-
4.pm
Ch. G.5% 19250 3Bds. H.K. Govt. 4% Leans
***
69%
$104
243
H.K. Gort. 31% Loan
N. Y. Commodity Market
$100
Barnsdall O
161
Northern Pacine......
111
$46
H.K. Wing On
140
Bendix Aviation
251
Paciic Gas & Elec,
S'hai Wing On
854
33
Bethlehem Steel
701
Pacifc Lighting
$7.30
Vibro Piling
$7.10
481
Boeing-Airplane Co. Borg-Warner
281
Packard Motors
17/8
Marsmans Inv. (LOR.)
4
B/3.
Marsmans Inv. (B.K.)
30
Paramount Pictures
104
90 ets, Wm. Powells
90 ct.
261:
Pennsylvania R.R.
211
Trans.
10%
Phelps-Dodge
to Shanghai
39
Phillips Petroleum
401
.41*
Public Service of N.J.
364
Case, JI Celanese
Pullman Inc."
342
227
Pure Of
91
371
Radio Corpn. of Am.
71
197
Republic Steel
202
72
Reynold Tobac, "B"
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, March 16.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
New York Cotton, July New York Rubber, May New York Eldea, June Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
Prev. To-day's High Low Close Close Change
8,80 7.99 8.13 8.03 .10 "off 18,32 16.18 16.32 18.27 .05 04 11.89 1178 11.85 11.82 03. of 671 861 671 671 1. Off 471 402 471 471
60 581 601 59 li pi
P
4
381
91
* Richfield. Of
91
Commercial
54
Safeway Stores
354
Commonwealth & 8. (ord.)
11
Schenley Distillers
161
The following quotations are the middle prices at the close of ike market in London. Alf quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
NEW YORK COTTON
Close Opening Closing
Change
Seller, at 180 1/4.
Shanghai. Market
C'wealth & 9. 5% curá pt.
601
Schenley, 5% pfd.
£
||
£
Consolidated Edison
33
Bears Roebuck...
753
Consolidated Oll
84
Shell Unich: Oll
Sterling sellers at 8.1/4 for Spot Continental Can.
and U.S. Dollars at 163/32 for Continental Oll
Spot.
Shanghai Exchange
Shanghai, Mar 17 (Reuter).
131
War Loan, 31% (Red.
after 1952)
Guion Insurance
301*
073
411
Socony-Vacuum Cl
131
Canton-Kloon Ely. 5%
21
Gula Kalumpong Rubber 20 Allied Ironfounders.......
19/8
March (1939) May July
8.74/74
8.67/66
8.63/63
11 off
8.33/34
8.27/25
8.23/24
.10 off
8.13/13
8.05/08
8.03/03
.10 off
281
Southern Pacide
17
Corn Products
651
|Southern Rly $5 pfd.
282
Curtiss Wright (C.)
Sperry
421
1898 (Brit Issue)...... Chinese 44% Gold Loan 77 Chinese 5% Gold Bonds,
Asso & Elec. Industries -47/7) Austin Motors, ord....... 93/9 Cable & Wireless, New
October
7.76/76
7.71/73
7.74/75
01. OFF
December
7.69/70
7.68/68
7.89/89
01 0
January, (1940)
7.07/67
7.88/86
7.67/87
unch.
Curtiss Wright "A"
241
Standard Brands
1925-47 .....
69
Form, ord..
44
Spot
9.08 N
8.98 N
10 off
{Deere & Co.
22
Stand Gas & Elec,
3
Chin. 41% Anglo-French
B.-A. Tob. (bearer)
99/41
The last Notice day for March Cotton is March 17.
Distillers Corpn. Seagrams
191
Standard Oil of, California
281
Loan, 1908
55
Cammell Laird, ord. ..
8/44
Opening
Douglas Aircraft
692
Standard Oll of NJ.
49
Chinese 5% Crisp Loan,
Mexican Eagle............
8-
NEW YORK RUBBER
London
New York
Japan
Paris
0/8
Du Pont de Nemours.......
1521
Stone & Webster
141
1912
37*
Courtaulds
27/3
15-5/8
Eagle Picher Lead
101
Swift International
Chinese 5%" Reorg, Loan,
Distillers .....
March
16.24 N
92/3
58-1/8 5.48
Eaton Mfg. Co.
251
Technicolor ...............
184
1913 (Lda. Is.)
52
Dunlop Rubber
May
16.31/32
Elec. Autolite
361+t
Texas Corpn.
431
Chinese 5% Ster: Notes,
Gen. Electric (England) 78/9
27/11
September
16.20/18 16.28b/323 · 16,14/13
Hongkong
Open Market-Selling Rates Sterling
53-3/8. Elec. Bond. & Share
11
Texes Golf Sulphur
901
1925 (Vickers)
17+
Guinness (A) Son & Co. 102/6
December
16.29/29
18.17/17
18.24/24 ,,16,20/27
16.25b/27a 10.24/25
unch.. 05.0 .05 Du
04 01
Giec, Bond & Share $5 pl.
611
Trans-America · Co.
Chin. Imperial Ely. 5%
Elec. Bond & Share #6 pf.
69
20th Cent. Fox....
Loan
70
Hawker Siddeley Airc... 20/10). Bristol Aeroplane
To-day's Sales:-2,440 tons.
22
The last Notice day for March Rubber is March 29.
Elec. Power & Light $7 pt.
37
| 20th Cent. Fox. $14 pt.
Honan Rly. 5%
23
Imperial Chemical Ind.
31
Spot March
Apr11
May.
Opening Closing 0/8-1/4 -+0/B-1/4 0/8-1/4 0/3-1/4 0/8-15/640/8÷15/64 0/8-13/64 6/8-13/54
Engineers's Public Service Filtrate
101
Union Carbide & Carbon
85
Hukuang Rly. 5%, 1911...
23
Imperial Tobacco
CHICAGO WHEAT
133/9
281
Union Pacifc
100
Hukuang Rly. $%, 1911
Marks"& Sp'cer "A" ord.
9pot
U.S. Dollars $18-3/32
Food Machinery Corp. Gen. American Trans, Gen Electric Gen: Motors ¦
2015.
United Aircraft
301
(German' Issue)
21
Rolls Royce
60/0 110/7}
$51
United Airlines Trans.
121
·2011
United Corpn.
Lung Tsing & U, Hai Rly,
6%
Leyland Motors
68/9
14
3
Tate & Lyle
May July September
871/672 678/671
67/671
677/68
671/671
671/672
681/684
€8/681
ggg
491
United Corpn. $3 cum pf 374
$16-1/16 Gen., Railway Signal
22
United Gas Corpn.
2
March
16-3/32
May
16-31/33
April......... 18-1/32
Market-Inclined to be easy.
Merchant Rajes
Sterling, 0/8-1/4,
US, Dollars, $18-1/16.:
Sürer Duty Rats
The Central Bank of China's Heckter Products rate on Limdon at 10 a.m. to-day Homestake Mining was 21/2-1/24. unchanged from Industrial Rayon yesterday.
The Equalisation rate was 8 per
cent.
New York Exchange
- New York, Mar. 16 (Reuter),
TT. on London (Opening Räte).
4.88-9/10.
18-1/16 Glidden Co...... 15-1/32 Goodrich (B.P.)
211
United Gas. Improvement
121
221
UB: Rubber
471
15-31/32 Goodrich $5 pf.
741
U.S. Rubber $8 pfd.
106
Goodyear Tire & Co. Great Northern Iron Ore Great Northern Ely, pfd. Great Western Bugar Greyhound Corpn.'
331
IU.S.. Steel
601
16
Vanadium
261
38)
Warner Bros. Pict.
61
S'hai-N'king, Rly. 5%... 28 Tientsin-Pakow Rly. 5%.
"(Brit. Btpd.) .... Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) 10 Tientsin-Pukow Ely, 5%
Turner & Newall
81 79/3
Wednesday's Sales:-9,740,000 bushels..
United Steel....
24
16
Smethwick Drop Forg... 16/8 Armstrong Stevens, ord. 19
CHICAGO CORN
18
May
471/4T1
$7/47
47/47+
Pressed Steel, pom,
Vickers, ord ·
17/3 20/101
July
491/491
491/492
488/487
Beptember
27
Westinghouse Elec.
112
201
Woodward Iron Cor.
211*
111
641
Chase National Bank National City Bank
321*
251*
(Ger, Stpd. Supl, Loan) 16 Jap. 5% Bter. Loan, 1807 -40 Jap. 6% Ster, Loan, 1924 - 47 Ger. 1% Intl Loan, 1924 391 Chartered Bank
મ
-bid.
HK & s'hal Bank (Lan.
Reg.)
87
'DOW JONES AVERAGE --
1939
Mar 17, 1933,
High Low Dow Joben Averages, Mar. 15. High Low Close Change
154.85 136,42 | | 30. Industrial,
147,66
(24.32 #7.83 0 Ralle
31.55
16.52 22.30. 20 Utilities
28.30,
- 99,99 189.28, 40:/Bonds
91.36
45,12 40.50 11 Commodity Index 47.78.
Bündnma Dane:-670,000 charES:
148,17/166,45 147.540415' off 31.68 1.03141.13 off 25.41 25.01 26.21 09 of Pekin Syndicate
91.40 04 op 9hai Elec. Constr. Co. 47.7009 off
8'hal Watermarki
HK & Shai Bank (Col.
Reg.) Chinese Eng. & Mining
(bearer)
Woolworths
Anglo-Dutch .....
Rab. Plant. Invest. Trust 29/3 Burma Corporation 8/9 Commonwealth Mining.. 1/3 Marsman Investments... 17/0 Randfontein Estates
35 Western Holdings. Sub-Nigel
501/502
501/502
491/481
62/6 26/3
WINNIPEG WHEAT
May July September
60/60 80/691 587/59 001/601 601/601 591/59) 611/811
*604/601
NEW YORK HIDES: (New Contracts)
off
off
10/11
221/6
June
84
18/3
Tabami. Gold Mining..... 430.
Anglo-Iranian
92/8
September NY Silver, Official
Burmah
82/6
Chosen Corporation
Shell Trghs &
85
Nominal
September
11.65/85 11.60/78. 11.81/82 ayinderszen 12.27/29 212.20/17
42-3/4 NY-London Cross Rate 468-5/8-
NEW YORK STRAITS TIN
$40.40 N 45.63b/46.25a 46.30 N
12.22/23
42-3/4 4.88-3/8