STOCKS
Last Sale
Last Sale
Mar, 23
Mar. 23
Adams ExprENS
83
International Harvester
57
PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER
London, Mar 23 (Reuter). Silver-India bought. Specula- tors sold. Business small. Market the afternoon, the market was steady, with little de- mand for "forward."
Spot, 200.
CLOSING QUOTATIONS | steady. In
MARCH 24, 1939
On London:-
Telegraphic Transfer. 179 25/39 Bank Bills, "on demand/ 15/32 Credits 4 months' sight 1/3 1/32
On Shanghai:-
On demand
On Singapore:-
Forward, 19-5/Bd.
- NEW YORK SILVER New York, Mar 23 (Reuter). Official Price, 42-3/4.
LONDON METALS
EXCHANGE.
London, Mar. 23 (Reuter),
COPPER
buyers
£
Standard, Cash 42-7/8 Standard
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKNES- ASSOCIATION
STOCK EXCHANGE
"
Boy Bellys Balos Nominal|
sellers
FRIDAY 24
MAR.
Auger Belirs Jalan Wombas
42-15/18
£
3 months 43-1/8" 43-3/18
---...-48-1/4 TIN
49-1/4
215-1/4
Electrolytic
Standard, Cash 215 Standard.
3 months 214 LEAD
214-1
BOMBAY SILVER Bombay, March 23 (Reuter). Market-Quiet Offtake "40 bars.Foreign
Ofacial Price 14-3/4 14-13/16 Foreign Oficial
176 nom
On demand
59 7,8
On Japan:
On demand
1015 1/3
On India:-
Indian Mint Silver Bombay, Mar. 24 (Reuter), Ready
52-08 52-09 Apr. 17 Settlement 52-07 52-07 .52-06 "52-06 May 13 Settlement Market-Quiet.
3 months 14-7/8
SPELTER
14-15/16
Ordinary,
Oficial Price 13-3/4) Ordinary, Official
13-7/8
14.1
Telegraphic Transfer. 123/
and derman
On New York:-
Bank Bills, on demand 38 13/18 Credits, 60 days' sight 29 5/18
Un Batavia -
| London Exchange
London, Mar. 24 (BWS), Closing mean rates were:-
On demand
54 3/18
On Paris:-
Bank Bills, on demand 1087
Paris, 176-53/84.
Credits months sight 1127
New York. 4.88-13/32.
Un Saigon :——
Montreal 4.701.
On demand
PAR 3/8
Brussels, 27.841.
On Manila:-
Geneva, 20.803.
On demand
57 7/8
Amsterdam, 8.81
"On Bangkok -
Milan 89-1/16.
On demand
150 3/6
Sterling Notes:-
Bank Buying Rate
1/2 31/32 20
Bar Silver per 02. .....
"
Market Report
From Bora Bros. The price for Ready Silver rose 1/10 yesterday to 20d, but the Forward rate dropped 1/16 to 19. 5/8. Silver advices reported, In- dia as having bought and specu- lators having sold. A small business was done. The market was steady. American Silver was quoted at 42 3/4 for Spot.
As
The London/New York crösa- rate was quoted at 468.37. New York London was quoted at 468. 7/16.
Market
Berlin, 7.70.
Buenos Aires, 20.30.
Other rate unchanged.
New York Exchange
New York, Mar 23 (Reuter). T.T. on London (Opening Rate), 1.88-7/16,
-
||
Calcutta Exchange
Calcutta, Mar. 23 (Reuter). T.T. on Japan. 78-3/8.
3 months 13-15/18 Final Afternoon Transactions › Tin: Standard, Cash, £215 pald and value.
Tin, Standard, 3 months, ezis paid and sellers.
RESERVE BANK OF INDIA STATEMENT Calcutta, Mar. 22 (Reuter).
Mar. 10 Mar. 17
Notes in circulation
(including Notes held in the Bank- Ing. Department)... 20,581 20.619 Rupee Coin arid Bul-
lion in India
Gold Coin and Bul- lion in India...... Securities (Indian
Government) Securities (British
Government)
6,930 6,998
4.154 4.154
3.220 3,229
5.950 5,950
(Figures in lakhs of Rupees)
NEW YORK STOCK EXCHANGE
QUOTATION
MARCH 24, 1939 STOCKS
## 4!
1
#1594; #470
Banks.
A.K; Banka
Do. (Col. Bog) Do. (Lou, Rig.)
$1340
$1340
1587
الي
EB
Chartered Banks
La+
Mercantile BLE. “A”
213
Mercantile Bka. “C”*
£13
180
Bank of East Asia ........
$80
COMMODITY
N. C. & 8. Benkų, ...
SATURDAY, MARCH 25 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
MARKET REVIEW
12
$145
8480
719%
(FROM PAYNE & CO.)
$88) Douginea
(89)
$15
Stasiaboats
360
Indo-Chinas
(Praf.)
$34
Indo-China (Def.)........
53/1
Shells.
New York, March 21.
#!
850
190 83/1
ox.div. 1119
ЗРОТ APRIL-JUNE‹
O.D. $3.45/6G
JULY-SEPT.
16.3
#17)
Q. D.
#17 #101
SINGAPORE RUBBER
March 22 buyers mallers 27-1/4 27-1/2 27-5/8 ...... 27-3/8
77-1/2 27-3/4
March 23 buyers sellers 27-1/4 27-1/2 27-3/8 27-5/8 ̧
change unch.
14
27-1/2 27-3/4
Insurances
93 Canton Insurances... Union Insuranòdi Underwriter
$105 H.K. Fires
Shipping
99 Waterboste
14
Docks. Wharves,
Godowns, etc.
[ox.div.) #116)|HK. & K. Wharres Providenta (old) ...... Providents, (new) .... H.K. & W. Dook...
Do. (new)
$5.45
817
$17
#
## !
$100 Shanghai Docks 8.
16
New Engineering 8. Mining
16/9 Kailasa
13. Raubs
$3
Venezuela Gold "Fida
8 cta. Hong Kong Min...
Lands, Hotels and Buildings
H. Hotels
!
#8
$35
$104
Do. 4% Debentures
-$19
Shanghai Landa 8.
H.K. Lands .................8.
H.K. Bias
88.65 Humphreys ........ $100 Chinese Estates
Cotton Mills
$19 E (B.)
8107 8'hal Cottons (8)
$34 Zoong Sings (8.) ....
10
Wing On Textiles (8.)
Public Utilities
Tramways
Pak Trams (old)
$115.80
34
Peak Trams (new)
367
Star Farrie
$26 30
'mati Ferrion (D) ..
$24
bl
Quiet.
Sterling
were
Nothing doing. There were sel-
W
There
sellers at 1/2.7/8 Allis Chalmers ................................................ March/May and 1/2.27/32 June/ Amerada Corps.
July, buyers at 1/2.15/16 Cash. Amer. Can......................... 1/2,29, 32 first half
April/May | Amer, & Foreign Power A. and 1/2.7/8 July, probably June. Ameri & Foreign $7 pt....
U.S. Dollars
lers at 29 1/16 March, 29 April, 28
15/16 May and 29 7/8 June/July. Amer. Radiator
Alleghany Steel Co. Allied Storés
201
Int. Nickel
481
9
Int. Tel. & Tel.
72
381
Johns Manville
$18
831
$11
Do. (new)
$8.70 China Lights (0)
China Lights (New)
China Lights Rts.
$55K. Electrics
Macro Electrion
Sandakın Ligbia.....
61
J. & Laughlin Steel $7 pfd. 46 *
$23
Telephonse (old)
ཤྰཤྩ :,
* 4:
i puta la igne!
**
138
| 31. Dj.
F&HO
SH
พ 4
$19.40
SPOT
$104 $294
APRIL-JUNE
1481
JULY-SEPT.
OCT.-DEC.
$16.10.
-9
34
.671 $25
7
324
$8.10/130
$5.30
$55.
ง
18:0
$5.90
The market opened. 1/4 of a cent lower for all deliveries as 'compared with Wednesday's closing rates.
τι
Early in the moming the tone of the market was uncertain, al- though there was a fair demand for "actuals" in evidence. Dealers and speculator khowed little inclination to enter into fresh engage- ments either way preferring to await further developments
Later in the session, however, the market became very steady on considerable general buying interest, both for spot and futures whilst prices advanced by 3/8 cent for futures and 1/2 cent for prompt. de- livery due to the reserved attitude of sellers.
Closing tone was steady,
་
LONDON. 'RUBBER
Previous close
buyers sellers
To-day's close buyers
sellers
change
2
7-7/8 8
$
8-1/16- up 1/8
7-15/16 8. • 8-1/16
8-1/8
8
3-1/16 8-1/8
8-3/16
88?
Kennecott Copper
351
#7
Telephone (new)
$71
23
Libbey-Owens-Ford
Glass
481
23/0 Tractions
427-
17
Lockheed Aircraft
281
23/6 Traction (prod.)
American Gas & Elec. .... Amer. Locomotive
341
Loew's Inc.
45
Industrials
$14
21
Martin, Glen L
341
Cald, Macg. (Ord.) 8.
$13
Amer. Metals Co.
318
Monsanto Chemical
100
Cald., Macg. (Fref.) 8.
Canton Ice
$1.30
131
Montgomery Ward
48
$14)
Cementa
814
buyers at 29 1/8 Cash,
29 1/18 Amer. Rolling Mill
16.
first half April, 29 May
and 28 Amer. S'ting and Ring Co.
42
15/16 July.
Shanghai Dollars
Seliers at 179 3/4.
Shanghai Market
Amer. Bugar Ring
20
at. Dairy Products, Nat. Distillers "u". National Gypsum
144
Ropes
$4.30
27
Miscelaneous
131
C. Ri. 1139,65,
Amer. Tel. #Tel.
155
National Load.......
201
38.15
#12
Amer. Tobacco “B”
821.
Nat Power & Light..
Dairy
Constructions
ex all 16
Ch. E'tainments
[eż, v $6.40
(old)
81
Constructions
8-1/16 8-1/8 8-3/16 8-1/4
The market was steady on the lack of Eastern offerings, covering and Continental and American buying, with better political senti- ment. The turnover was good,
NEW YORK COTTON
Trading to-day was quiet and price movements were snail throughout the session. Early on the market was steady in spite of irregular Liverpool cables. Subdeqently, prices advanced moderately on trade buying and short covering. The improvement on Wall Street imparted steadiness,
-NEW YORK RUBBER
A steady to firm market throughout the day. Early in the ses- sion, prices 'reflected the strength of the London market and the ac- tion of securities. At the close, values were near the highest levels registered for the day. Consumption prospects are encouraging.
CHICAGO WHEAT,
Prices declined in sympathy with the foreign markets. As the European tension 'lessens, buyers are becoming more reluctant to en- ter the market
[new]
Amer. Waterworts
111
National Steel Corp.
7142
38
Lane Crawfords
Anaconda Copper....
271.
Nat. Bupply Corpr
101
Opened with sellers at
and
market
later the
ported as being a shade lower at Baltimore & Ohlo
8.17/64. US Dollars, sellers at Barber, Asphalt Co 16 1/8 for Spot. A shade easter,
Afternoon Market
Barnsdall O!
8.9/32 | Atchison, T. & 8. Fe. was re- Auburn Motors...
New York Central
321
17
$1.80 Binders
Niagara Hudson Power
71
$9.10
Watsons
*$
67*/.
51
N. American Aviation .......
161
**)
164
North American Co.
4.pm
221
15
Northern Pacific
101 ·
$43
Bendix Aviation
23+
Pacific Gas & Elec.
311
Bethlehem Steel
业
Pacific Lighting
161
Boeing Airplane Co.
243
Packard Motors ........
91
Quiet.
....Sterling
Borg-Warner
271
Paramount Pictures
91
Biggs M'facturing
23
Pennsylvania R.R.
201
The market closed with sellers
at 1/2.29/32 March, 1/27/8 Apr B'klyn-M'hatten 36 cum pt.
June and 1/227/32 July, buyers
at 1/2.15/16 Cash, 1.
1/229/32 Arst half "April/June and probably. 1/2.7/8 July.
U.S. Dollars
The market closed
Canadian Pacific R'way. Case: J.I
Celanese
Chesapeake & Ohio Chrysler Corpn.
with sellers Columbia Gas & El.
at 29 1/18 March, 29 April, 28 Columbia 6% "A" pf. 15/16 May and 28 7/8 June/July. Commercial
Brooklyn-M'hattan Trans.
Phelps-Dodge
38
351
Phillips Petroleum
374
Public Service of N.J.
4 2
342
Pullman Inc.
82
31
LONDON
STOCK
Pure Off.......
194
9
Radio Corpn. of Am.
351
61
་
Republic Steel .
74.
181
01
Reynold Tobac. "B"
London, March 2
387
Richfield Oll
88
al
501
Safeway Stores
32
buyers at 29 1/8 for cash. 20 1/18 Commonwealth &B. (ord.)
14
Schenley Distillers
151
Nanyang Tobacoo
Ch. G.0% 1925G Sïde,
H.. Govt. 4% Loans H.K. Govt. 3% Loan H.K. Wing On.. 'bad Wing On
$8.45 Vibrn Piling
****
15/0 Magamans Inv. (Lon.) 16/3 Margmans Inv. (H.K.) 90 ata, W. Powells...............
[#:Šales to Shanghal
EXCHANGE
(REUTER'S SERVICE)
The following quotations are the middle prices at the close of
the market in London. All quotations are subject to confrmation and no responsibility, is assumed for errors in transmission.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
New York Cotton, July New York Rubber, May
New York Hides, Jme Chicago Wheat, May
8. E Levy & Company);
· Frev. To-day's Low Close Close Change 7.97 8.0003 up 15.80 16.128 26 up
*11.43 ■ 11,26 11.25 1131 06. up.
$1.80
Dow Jones Industrial "Averages
139.51
Previous 'To-day's
close
clode Change 140.33
up 25.
87 lo
$10
$100
146
851
ox.div. $61
N. Y. Commodity
180 பே
Commodity Market
لوگر
High
B.02 7.94
18:10 15.99
677
671
677 #71
Chicago "Corn, May
471
42 472
LATE
Winnipeg Wheat, May
вот
60%
810 60%
off
first half April, 29 May and 28 C'wealth & 8. 8% cum pf. 15/16 July, probably June.
561
Schenley, 54% pfd.
£
Consolidated Edison
311
Sears Roebuck
701
Shanghai Dollars
Consolidated Ou
81
Shell Union Oil
121
War Loan, 31% (Red.
after 1952)
961
179 3/4.
Continental Can
391
Becony-Vacuum Oil
12
Continental Oli
281
Bouthern Pactic
■
151
Shanghai Markst
8.17/64. seller for Spot.
..
Shanghai Exchange
Shanghai, Mar. 24 (Reuter),
Corn Products
642
Southern Rly 35 pfd. :
251
Curtiss Wright (C)
57
Sperry
•
12
Curtiss Wright "A"
231
Standard Brands
81
Deere & Co.
201
Stand Gas & Elec.
31
Distillers Corpn. Besgrams
18
Standard Oll of California
274
Canton-Eloon Rły. 5%
1898 (Brit. Issue).......
Chinese 4% Gold Loab, 75
Chinese 5% Gold. Bonds,
1925-47
Chin. 44% Anglo-French
Loan, 1908
Douglas AlrerRÍL MAT.
642
Standard Off of NJ.
481
Chinese 5% Crisp Loan,
Opening
Du Pont de Nemours
1471
Stone & Webster
124
1912
Landon
New York
Japan
Paris
0/8
Eagle Picher Lead
Swift International
101
201
Chinese 5% Reag. Loan,
18-5/8
Eaton Mfg. Co.
231
Technicolor
181
1918 (ħdi. Ta.)
56-7/8 5.48 63-3/8
Mec. Autolite
321
Texas Corpn.
421
Chinese 5% Ster. Notes,
Elec. Bond & Share ...............
Spot March
April
May
0/0-1/4
0/8-1/4
Hongkong
Open Market-Selling Rates Sterling
Elec. Power & Light #7 pf. - 321 Opening
Closing Engineer's Public Service 0/8-9/32 0j8-17/84 Flintkote man 0-8-9/32
Food Machinery Corp. 0/8-17/64 0/8-17/64 0/8-17/64 Gen. American Trans
Gen. Electric
91
Texes Gulf Sulphur
29
Elec. Bond & Share $5 pf. Elec. Bond & Share 56 pt.
Trans-Amarien Do.
643.
20th CentFor
201
20th Cent. Fakt. $1k pf.
Loan
·Honan. Fly, 5%
10
Union Carbide är Carbon
80
241
Union Pacific
257*
United Aircraft
371
United Airlines Trans.
101
51
38
United Corpn.
21
U.S. Dollars
Spot
$18-5/32
Gen. Motors Gen Railway Signal ... $16-1/8 Glidden Co.
48
United Corpm #3 cum pr. 35
191
United Gas Corpp.
2}
184
United Gas Improvement 121
March
16-5/32
US. Rubber
191
April
18-1/8
UB. Rubber, 18 píd.
421 991.
16-1/16
•
Goodyear Tire & Co. Great Northern Iron Ore Great Northern Bly, pid:
301
US. Steel ***
141
[Vanadium M...
24
241
Warner Bros. Pict.
મ
Great Western Bugar
271
Westinghouse Elec.
108.
Greyhound Corpn.
107
Woodward Iron Cor.
20 *
Hecker Products"
101
Chase National Bank National Oity Bank
311
25
-bid."
DOW JONES AVERAGE
1838
189,5116117139
34.83 37.83 10 Esile
· 39,84 29,
DRIX 69.10 Borlas
13 48.6911 Commodity Index 47.73.
Bunkrat Elono: 30,909, alskren
May.......
Market-Very Quiet.
Merchant Rates
Sterling, 0/8-1/4. ",
US. Dollam, #18-1/16.
Silver Duty Rate
16-1/8 Goodrich (BF) 18-3/32 Goodrich, $5 pf. 16-1/18
"The Central Bank of China's Homestake Mining
rate on London at 10 am, to-day | Industrial Rayon
was 1/2-1/2d. unchanged from yesterday.
The Equalisation rate was 5 per cent
India Rupee Paper
Bombay Mar 23 (Reuter). Govt 34% Rupes, 94-02-0,
1925 (Vickers)
·Chin. · Imperial Ely. 5%
Hukuang Rly, 5%, 1911.... Hukuang Rly. 6%, 1911)
(German' Issue).
Lung Thing & U. Hai Rly.
S'hal-N'king Ely. 5% 24 Tientsin-Pukow Bly, 5%
(Brit. Stpd.) Tientsin-Pukow Rły. 5%
-- (German: Stpd.)
Tientsin-Pukow: Rly, 6%
(Brit. Stpd. Supl Loan) Tientsin-Pukow Ely. 6%
(Ger. Stpd. Supi. Loan)" 18 Jap. 5% Ster. Loan, 1907 372 Jap. 6% Ster. Loka, 1924 431· Ger. 7% Intl Loan, 1924 362 Chartered Bank trong
HK. & S'hai Bank (Ldn.
HK. & Shal Bank (Col
High Low Dow Jones Aypengon, Mar. 22. High Low Close Change Chinese Eng, te
18485 186.42.30 Industrials
(bearer) Chosen dor Pekin Byndia
Leyland Motors Tate & Lyle ..... Turnier & Newall
United Steel
Pressed Steel, com
Randfontein Estatea Western Holdings ....
Bab-Nigel rasium......... Tanami" Gold Mining................... 416. Anglo-Iranian
Barmah
HIDES: (New Contracts)
11.23/23 11:40/49 11.30/31 11.81/6211:80/83 11.70/20
42-3/4
42-3/4'
NY Silver, Oficial NY-London Cross Rate £68-8/10
September
BW FORESTRAITS TIN-
208 45.05
am
ནིང པོ ཐ་དྷ་འབexས ཀྰ་ཚོག རྡ་ ཚ ཿཔར ཏུ སྒྱུ
起 Union Insurance
304* Gula Kalumpong Rubber 18/11 Allied Ironfounders....... 10 Asso, de Bec, Industries 38/10) Austin Motors, ord. 31/6 Cable & Wireless, New
Form, ord,
NEW YORK COTTON
Close
Opening
Closing
Change
May
8.17/17
8.18/17
3.19/20
.03 up
July
7.96/97
7.97/98
7.99/8.00
03 up
October December
7.59/60
7.61/60
.7.80/00 Pinch.
7.54/54
7.54/53
41
B.-A. Tob. (bearer)
Cammell Laird, ord...
January
7,53 N
7.53/83
7.55/65
7.84/64"
95/7/
March
7.68-
7.58.. A
7.47 K
Mexican Eagle
Courtanida
Distillers
6/9
8pat
6.92 N
8.94 Ń
Dunlop Rubber.",
Gen. Electric (England) : 77/4) Guinness (A) Bon & Co. 103 Hawker Siddeley Air... 20/71 Bristol Aeroplane
26/3 .90/62.
26
March
May.
September
December
21/101 Imperial Chemical Ind 30 Imperial Tobacco ..........
| Marks & Sp′cer "A" ord
132/6 57/6
To-day's Bales:-1,170 tons."
The last Notice day for March Rubber is March 29,
search
15.88 N
15.84/86
15.87/90 16.00/03
18.10/12
15.88 N 16.04/02
16.10/12
NEW YORK HUBBER
16.99/16.00 18,106/12
16.06 B
CHICAGO WHEAT
Rolls Royce ....
208/9
May
87/6
July
073/673 876/678 674/674 €8/684
81/673
672/877
50
Beptember
681/684.
681/001
.76 3
22/101
Wednesday's Sales-unreceived.
Smethwick Drop Forg..
15/9
Armstrong Stevens, ord, 7/9
CHICAGO CORN
Vickers, ord
Woolworths Anglo-Dutch
16/71 20/101 60
May July September
47/48
-471/473
47/97
491/401
497/494
491/401
504/50%
501/501
109/409
ARR
24/3
Rub. Plant Invest Trust Burma Corporation Commonwealth Mining
27/6
WINNIPEG WHEAT
8/3
May Vuly
811/61
601/80)
60/600
611/02
813/611
Marinan Investments...
October
621/63
021/624
970 -220
NEW YORK.
*June 20
September A