Last Bale
Last Sale
Mar. 18
Mar. 18
International Harvester
601
201
Int. Nickel
481
DI
Int. Tel & Tel.
81
-411
Johns Manville
871
813.10
621
J. & Laughlin Steel $7 pfd.
43 *
$23
00
Kennecott Copper.....
·357
Amer. & Foreign Power Amer! & Foreign și pi....... American Gas & Elet...... Amer, Locomotive
21
Libbey-Owens-Ford, Glass 49
161
Lockheed Aircraft
29
36
Loew's Inc.........
467
224
Martin, Glen L
341
331
Monsanto Chemical
90
81
142
Montgomery Ward
481.
#143
Amer. Rolling Mil
167
Cat. Dairy Products
-142
| Amer. S'ting and R'ing Co.
421
Nat. Distillers
201
Amer, Sugar Ring ...........
20
National Gypsum
137
"
Shanghai Market
Amer. Tel & Tel
157
National Load
227
Sellers of Sterling at 8. 1/4 and
Amer, Tobacco "B".....
Nat. Power & Light.
::
US Dollars at 16. 1/16 for Spot.
Shanghai Exchange
Shanghal, Mar. 18 (Reuter).
Amer. Waterworks
111
National Steel Corp.
761
PAGE 12-HONGKONG.. DAILY PRESS
MONEY AND » EXCHANGE
CLOSING QUOTATIONS] New York Exchange
MARCH. 8, 1939
On London:----
Telegraphic Transfer. 1/2-15/32
New York. Mar. 18 (Reuter), T.T. on London (Opening Rate), 4.88-1/4.
Bank Bills, on demand/2 5/38 Calcutta Exchange Credita 4 months' sight 1/3 1/38 On Shanghai:-
On Singapore:-
On Japan:-
India Rupee Paper
Calcutta. Mar. 18 (Reuter), TT. on Japan, 78-3/8:
On demand
178 go
On demand
.49 7/8
On demand
RA 1/2
||
On India:-
Telegraphic Tronster. and demand
82 1/
8 8 8 8 8
On New York:-
Bank Bills, on demand A8 13/16
Credits, 60 days' sight 19 6/18
On Batavia :-
On demand
On Paris:-*
... 84/18
Bank Bills, on demand 1087"
Credits 4 months' sight 1127
Pn Salzon:-
On demand
On Mana:—
On demand
On Bangkok-
On demand
Sterling Notes:-
Bank Buying Rate
Bar Silver-per oɛ.
Market Report
..... 108 5/8
From Boza Bros
t
37 7/8
150 3/4
..: 1/2 31/32 20 1/4
Bombay. Mar, 18 (Reuter). Govt. 31% Rupee. 95-02-0.
London Exchange
London. Mar. 19. (BWS.) Closing mean rates were:— Parts, 176-57/04. New York, 4.681. Montreal, 4.702 Brussels 27/83). Geneva, 20.69. Amsterdam, 8.82 Milan, 89-1/16.
Berlin, 11.871
Buenos Aires, 20.30.
Other rate unchanged.
TRADE AMBASSADOR
LEAVES
LONDON, Mar. 15 (Reuter)-Mr. Hudson. Secretary for Overseas Trade, left this afternoon for War-
saw.
Before leaving. Mr. Hudson tour was originally said: "The Silver prices dropped yesterday planned as a purely trade mission, to the extent of 3/8 for Ready but political events of the past and 18 for Forward, the quota-few days have tended to oversha Lions being 20 1/4 and 19. 15/16 dow the primary purpose but the respectively. Siver advices re-
same has to go on it, as we all ported some general selling but support was poor, A small bual- mess was done. The market closed
American steady.
Silver W33 "quoted at 42 3/4 for Spot."
The London/New York
CTOBS-
was quoted at 468.18. New York, London was quoted at 468.
[
Quiet.
Market
Sterling
There were sellers at 1/2 29/32 March, and 1/2 7/8 April/June, buyers at 1/2. 15/16 for cash and 72. 29:32 first half April/June,
Quit
U.S. Dollars
LONDON METALS
EXCHANGE
London, Mar. 17 (Reuter).
COPPER
buyers sellers
£
£
Standard, Cash 42-3/8" 42-1/2 Standard,
3 months 42-11/18 43-3/4 Electrolytic 47-3/4 48-3/4
ΤΙΝ
Standard, Cash 219-1/2 - 213-374 Standard,
FINANCE
HONGKONG SHARE QUOTATIONS
·SHARKBROKERS" - ASSOCIATION
STOCK. KXCHANGE
Buyer Sellers asics
NominalTURDAY 18
MAR.
Buyers Baltera
Banks
$1400.K. Banks
Do. (Col. Reg.) .... Do. (Lon., Beg.)
Chartered Banks
a7 Marcantile Bk. "A"
Mercantile Bk. "O"
$90
13
Hank of East Asia ...
N. C. & 8. Benks"....
Insurances
213-1/4
Canton Ingurendas
2485
8.80
Union Insuranone
Underwriters
$195
H.K. Fire
Shipping
Dongleser.....
$18
Steambosis
$60
Indo-Chinas
{Pred.)
Indo-Chines (Dat.)...
32.6
19
3 months 213
LEAD
Foreign.
Ometal Price 14-5/8 Foreign Oficial
14-11/18
3 months 14-78/ SPELTER
14-15/10
388
Ordinary.
Omcial Price 13-9/18 13-5/3
Ordinary, Official
3 months 13-13/16 13-7/8
Final Afternoon · Transactions
Tin. Standard. Cash. £214-1/4 value.
Tin, Standard, 3 months. £213- 3/4 paid and sellers,
KRUPP EXPORTS
LAST YEAR
BERLIN, Mar. 18" (T/Ocean) --- The annual report of the famous Krupp frm for the year ending September 30, 1938, published yes- terday, indicates that almost one quarter of the total production was exported.
The principal countries to pur- chase from the firm were Tur-
hope, we are to succeed in main-key, British India, the Far Eas taining peace.”
and Bouth America.
NEW YORK STOCK EXCHANGE
STOCKS
Adams Expres
Alleghany Steel Co. Allied Stores Allis Chalmers
Amerada Corps. Amer. Can
There were sellers, at 29 1:16 Cash, 23 April, 28 15/16, May, 2878 June and "28 13/16 July. buyers at 29 1/8 for Cash, Amer. Metals Co, 1/10 first half April, 29 May 28
15/16 June and 7/8 July.
Shanghai Dollars
Sellers at 180 3; B.
Amer. Radiator
QUOTATION
MARCH 18, 1939 STOCKS
Shau
Waterboats...........
Docks. Wharyes,
"Godowns, etc.
18 H.K. & K. Whárra
1105 Shanghai Docks, 8.
New Engineerings
Mining
18/0 Kailans
1380
£84
ENG
Est
£273
£13
#90
COMMODITY
MARKET
REVIEW
味
1125
Call paid
$480
100
$88
214
(FROM PAYNE & CÔ.)
SINGAPORE RUBBER
New York, March 18
N
$30
$30.
SPOT
#130
APRIL-JUNE
6.30 Providents (old)
JULY-SEPT.
16.10 Providents (new) ...
$5,80
$19/19
H.K. & W. Doaba...
Do. (new)
$19
36
$171 $101 #0
18.0
axdiy, 8.33 (Bauha
981
$3 Vanerusia Gold Fids
cts Hong Kong Mines
Lands, Hotels and Buildings
138
$15
8.
1.K. Hotal
138) H.K. Landa
$107) 1, 4% Debsctures
19 Shanghai Landa 8480.K. Realtion 28.55 Humphreys
Chinase Estates
Cotton Mills
819) Ewo (8.)
104 S'bal Cottons (8.)
324
$40
$18.30
85
Zoong Sing (8)
Wing On Textiles (8.)
Public Utilities
Tram WAYS
Peak Tram (qla}
$45 Peak Tram (now) ...
8871 Star Forries
126
mati Ferries (0)
Ilo. (ww)
868.90.K. Electrics
13.90 China Lights (0)
15 China Lights (New)
Chins Lights Ri
$18) Macao Biactries
Sandakan Lights
Telephones (old)
Telephones (now)
26 Tractions
Canton.Ices
Comenta
$4.10 Ropes
iscellaneous
$261 Dairy Farm
97.00 h. Etainmenta
#1
Constructions
ฟ Lane Crawfords
$18.40
S FOT
898
APRIL-JUNE
#zut
JULY-SEPT.
$48)
OCT.-DEC.
#17
9
34
*871
125
3394
$9.83
851
1661
$294
971
19/
The market was easy on stop-loss selling and, some uneasiness in the political qutlook. There was relatively large business trans- ácted.
NEW YORK COTTON
The market was easy throughout the day in sympathy with securities and other commodities., News froin Europe was the chief influence. Prices further declined on lower Liverpool cables, foreign seiling and liquidation.
וי
NEW YORK BUBBER
"Prices declined in sympathy with London and the weakness of securities. There was some usual week-end liquidation. Sentiment was unsettled.
CHICAGO WHEAT
Prices showed a slight advance on signs of further tension in Europe. The market, however, failed to maintain the best levels.
MONDAY, MARCH 20, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
March 17 buyers sellers 21-7/8 28-1/8
23
March 18
buyers sellers change
27-3/8 27-5/8 off 1/2
23-1/8
28-1/4 28-3/8
27-1/2 27-3/4
27-5/8 21-7/8
Comparing with closing quotations on Friday the market opened 1/2 of a cent lower for “spot" and 5/8 of a cent lower for forward deliveries.
Throughout the session the market ruled weak due to unfavour- able overnight cable-reports on the European political situation. There was an avalanche of speculative selling-orders which it was... difficult to execute due to the reserved attitude of buyers.
After a moderate volume of business having been transacted prices gradually declined by 1/4 cent for all deliveries, but even the lower level of prices failed to attract buying to any larger extent.
The market closed with an easy undertone,
LONDON KUBBER
Previous close
To-day's close
A
buyers sellers buyers sellers
change
8-1/18 8-1/8 7-7/8 7-15/16 of 3/16
8-1/16 8-3/18 7-7/8 7-15/16
8-1/8 8-1/4
8-1/4 8-5/16
7-15/16 8
8-1/16 of 1/4
$7
23/6 Tractions. (prof.)
Industrials
$14
Cald., Macg. (Ord.) 9.
$10
Caid., Macg. (Fref.) 8.
81.30
81.2
$4.au
#261
87.03
・fold)
si
Constructiona
$71
Dow Jones Industrial Averages
Previous
To-day's
close
close
Change
143.89
141.88 of 2.21
Anaconda Copper
261..
Nat. Supply Corpn.
Nanyang Tobacco
84
10%
$1.80 Sincares
$1.80
#2
Atchison, T. & S. Fe.
.33
New York Central
171
$9
Watsons
#9
Auburn. Motors...
31
Niagara Hudson Power
BI
07, Ch. 0.5% 19250 JBL,
$71%
Baltimore & Ohio
6
N. American Aviation
161
47.pm
H.. Govt. 1% Losas
8104
Barber Asphalt Co
163
| North American Co........
231
1.K. Govt. 3% Losa
$100
Opening
Barnsdall Of
151
Northern Pacific.
104
$45
.K. Wing On
148
0/8
S'hai Wing Of ......
#51
Bendix Aviation
24
Pacific Gas & Elec.
321
New York
Japan
Paris
15-5/8
Bethlehem Steel
Pacific, Lighting
$7.2003
Vibro Piling
$7
47
Hongkong...
Open Market-Selling Rates
56-7/8 5.48 53-3/8
Boeing Airplane Co.
287
Packard Motors
32
· 385. 6/3
Mazama Inv. (Lon)
Haramane Iny. (H.K.)
Borg-Warner
281
Paramount Pictures
91
90 cu. Wm. Powells
"
$90 ots
Biggs M'facturing
231
Pennsylvania R.R..
20
Brooklyn-M'hattan Trans.. 9
Phelps-Dodge
#Sales
to Shanghai
372
Sterling
B'klyn-M'hattan $6 cüm pt.
351-
Phillips Petroleum
39.
Canadian Pacific Rway. ...
Opening
Closing
.4}
Pubilc Service of N.J.
35
Spol March
0/8-1/4 0/8-1/4
Case, J.I..........................
841
Pullman Inc.
LONDON STOCK
EXCHANGE
321
0/8-1/4 0/8-1/4
Celanese
201..
Pure Of ...
91
ADT *May
0/8-13/64 0/8-13/64 Chrysler Corpn.
0/8-15/84 0/8-15/64 Chesapeake & Ohto
351
Radio Corpn. of Am.
7
(REUTER'S SERVICE)
74
Republic Steel
181
London, Mar. 17,
Columbia Gas & E
71
Reynold Tobac. "B"
382
U.S. Dollars
Columbia 6 "A" pi..
Richfield Of
861*
81
The following quotations are the middle prices at the close of
the market in London. All quotations are subject to confirmation
N. Y. Commodity
Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
New York Cotton, July New York Rubber, May New York Rides, June Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
Prev. To-day's
High Low Close Close Change
7.98
7.01 8,06 7.06 10 of 15.89 15.76 18.17 15.85 32 of 11.34 11.20 11.47 11.28 .19 off
681 672
681 1 up
481471 477 471
To t
617
60%
80
409
611 11 up
Spot
March
$16-1/16
18-1/18 16-1/16
$16-1/16 Commercial
501
Safeway Stores
344
and no responsibility is assumed för errors in transmission.
NEW YORK COTTON
Commonwealth & B. (ord.)
11
Schenley Distillers
15
B
24
April
Mäy
18-1/32 15-31/32
18-1/32 Cwealth & 8. 8% cum pf.
57
Schenley, 54% pid.
£
72
15-31/32 Consolidated_Edison
31
Bears Roebuck
72
Market Quiet."
Consolidated Oil
84
Stiel Union Oil
War Loan, 31% (Red.
after 1952)
Union Insurance
Close
Opening
Closing
Change
301*
07
12
Merchant Rales.
Continental Can
30
Socony-Vacuum Oll
Canton-Kloon Rly. 5%
121
"Sterling, 0/8-1/4.
U.S. Dollars, $16.
Silver Duty Rate
The Central Bank of China's Deere & Co.
rate on London at 10 am, to-day Distillers Corpn. Seagrama was 1/2-1/2d... unchanged from Douglas Aircraft yesterday.
The Squalisation rate was 6-1/4 Eagle Picher Lead per cent.
Continental il
28
Southern Pacific
1808 (Brit. Issue)......
12
154
Corn Producta
63
Southern Rly $5 pfd.".
251
Curtiss Wright (C)
.51
Sperry
Chinese 41% Gold Loan Chinese 5% Gold Bonds,
77
411
Gula Kalumpang Rubber 18/0 Allied Ironfounders Asso. & Elec. Industries 41/104 Austin Motors, ord....... 32/6 Cable & Wireless, New
May
8.27/27
8.16/14
8.14/14
,13 off
18/9
July
8.06/08
7.96/95
7.95/96
.10" off
October
7.73/73
7.66/65
7.65/65
.08 off
December
7.87/67
7.60/60
7.59/00
.09 off
January
7.67/67
7.60/58
7.58/58
Curtiss Wright "A"
241
Standard Brands
· 1925-47,
671
Form, ord.
61
441
Spot
9.02 N
8.89 N
,09% off.
13 off
21
Stand Gas & Elec.
Chin, 43%, Anglo-French
31
B.- Tob. (bearer)
18
Standard Oll of California
Loan, 1908
55
28
-
66)
Standard pu of N.J.
Chinese 5% "Crisp Loan,
461
Du Pont de Nemours
146
Stone & Webster
131
1910 .........
Chinese 5% Reòrg. Loan,
91
Bwift International
271
1913 (Ldn. a.)
52
Eaton Mfg. Co.
23+
Technicolor ...........
17
Chinese 5% Ster. Notes,
Elec.. Autolite
334
Texas Corpn.'
424
Elec. Bond & Share
10
Texes Gulf Sulphur
1925 (Vickers)
30,
Elec, Bond & Share $5 pf.
Trans-America Cö,
Chin, Imperial Rly. 5%
Elec. Bond & Share $6 pl.
Elec. Power & Light $7 pf." Engineers's Public Service mintkote m
Food Machinery Corp.
Gen. American Trans.
Gen. Electric
Gen. Motori
Geb. Railway Signal Glidden Co.
Goodrich (BF) (99 Goodrich $5 pt:
Hecker Products Homestake Mining Industrial Rayon
1933
SILVER MARKET
LONDON SILVER London, Mar. 18 (Reuter).. Silver-Small support for specu- Market quietly. lative re-sales. steady at the decline.
Spot, 20d. Forward, 19-13/164.
NEW YORK SILVER
New York, Mar. 18 (Reuter).
Official Price, unquoted.
& SILVER
BOMBAY
Bombay, Mar. 18 (Reuter).
Market-Quiet. Ontake 15 bara. Greyhound Corpn.
Indian Mint Silver
Ready, 52-12.
April 17 Settlement, 52-10. May 13 Settlement, 52-07:
UNDON GOLD
Landon, Mar 18 (Reuter). Gold, Fine per oz., 14878).
Parity. 1d. premium.
High Low Dow Jones Averages, Mar. 17. High Low Close.
Loan
66
[20th Cent. FOL.
211
Honan Rly. 5%.
34
20th Cent. Fox. Sij pl.
31
101
Union Carbide & Carbon
Hukuang Rly. 5%, 1911... 23
82
·257.
Union Pacifc................
Hukuang Rly. 5%, 1011
(German Isme)
271.
United Aircraft
821
United Airlines Trans.
11
39
United Corpo. .....
21
Lung Tsing & U. Hal Rly.
5%
451
United Corpn. 3 cum p.
351
Shal-N'king R17. 5. 26
སྙག་ བ སོ སྐུ་
Cammell Laird, ord.
98/11
March
7,58b/83a
7.61 N
371
Courtaulds
Distillera
174
*70 %."
21.
Mexican Eagle .......
Dunlop Rubber
Gen. Electric (England) 78/6- Guinness (A) Son & Co. 102/6 Hawker Siddeley Air.... 20/71 Bristol Aeroplane Imperial Chemical Ind. Imperial Tobacco Marks & Sp'cer "A" ord: 59/3
8/16 8.
27/1
March
.... 91/8
May
21/71
September
December
18.14b
NEW YORK RUBBER
18.00/10
15.77b/83a 16.15/17 15.85/80 15.84/84 16.16/16 15.30/78 15.80/81 15.80/80 15.80/80
27 off 32 off
เ
*35 off 34. off
21/101 30/6 131/104
To-day's Sales:-2470 tons.
The last Notice day for March Rubber is March 29.
CHICAGO WHEAT
Rolls Royce......
May
671768
69/881
110
Leyland Motors
July
671/68
881/581
68/681
87/8
September
681/69
887/69
Tate & Lyle.
58/9
Turner & Newall
Friday's Sales-15,886,000 bushels.
201
United Gas Corpn.
24
191
United Gas Improvement. 127
, 2018
US. Rubber
437
701
US. Rubber $8 pfd.
1001
Goodyear Tire, & Co... Great Northern Iron Ore ...
31 10.6. Steel
56
141
Vanadium.............................................
231
Tientsin-Pukow Rly. 5%
(Brit, Stpd.)
16 Tientsin-Pukow Rly. 5%
(German Stpd.) vy.. 16 Tientsin-Pukow Rly. 5%
(Brit, Stpd. Supil, Loan) 10 Tientsin-Pukow Rly 5%
.77/0
United Steel
23/
Smethwick Drop Forg... 18/3 Armstrong Stevens, ord. 7/8 Fressed Steel, com.
May
17/41
July
Vickers;. ord. Woolworths
21/14
Septemb
CHICAGO COEŃ
472/471
471/471 491/491 491/493 4917491 -501/500` 501/501 501/501
· off
unch
61/9
Great Northern Fly, pid. Great Western Bugar
25
Warner Bros. Pict,
51
247
Westinghouse Elec..
1061
IB
Woodward Iron Cor.
192
.. 101
64
Chase National Bank National City Bank
302*
24 *
(Ger. Btpd. Supl. Loan) 16. Jap. 5% Sler, Loan, 1807 40 Jap. 6% Bter. Loan, 1924 47. Ger. 7% Intl. Loan, 1924 38 Chartered Bank ..
Anglo-Dutch... 25/3
87
231
HK. & 8'hai Bank (Ldn.
Beg)
-bid.
1-ex, div,
DOW JONES AVERAGE
HK & Bhat Bank (Cl
Reg.)
Rub. Plant. Invest. Trust 28/6 Burma Corporation 8/3 Commonwealth Mining. : 1/3, Marsman Investments... 18/3 Randfontein Estates.... 34/71 Western Holdings Sub-Nigel.
May July
October
62/63-!!
WINNIPEG WHEAT
001/001 601/811 611/81 61/61
811/613 817/62
NEW YORK DES: (New Contracts)
621/621
I
227/6
84
Mar. 19, 193I..
15485 138.42 30 Industrials
142.89
34.33 37.98 20" Railu:
30.19
$4.52 22.30 20. Utilities
24.35
92.33 69.28 40 Bonds
20.00
49,13 18,69 11. Commodity Index 47.70
Change 142,40.140,60 141.88" 2,21 off 29.69 20,25 -29.68 81.of 3410 23.74 93.92 43 off 041,23 147 off 47.57 13 off Baina Done';~~~1,010, shkrua
Chinese Eng. Mining
(bearer)
| Tanami, Gold: Mining... 411
Anglo-Iranian
89/44
--18
Burmali
June
11.45/47 11.30/30 11.27/28 September
11.82/82 11.05/69 11.65/66 NY Süver, Oficial 42-3/409 NY-London Cross Rate 488-1/8
unquoted. 4.68-1/4
>Chosen Corporatiör
Pekin Syndicate
Shell Trans, - de Trad.
(bearer)....
Sbai Elec. Constr. Co. Shal Waterworks "A".
Nominal
46.00 N
NEW YORK STRAITS TIN
45.605/46.06246.00 N