ly steady.
Spot, 20d.
Forward, 194d.
176 000
PAGE 12-HONGKONG. DAILY. PRESS
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER London, April 1 (Reuter). Silver-Sellers are holding off. somné Small bear covering and
CLOSING QUOTATIONS speculative demand. Market quiet-
APRIL 1, 1939
On London:---
Telegraphic Transfer. 1/9 19:39 Bank Bills, on demand/2 19/38
Credits 4 months' sight 1,290/33omcial Price, unquoted.
On Shanghai:-
On demand
On Singapore:--
LONDON METALS
EXCHANGE
London, Mar. 31 (Reuter);
COPPER
buyers sellers
STOCK EXCHANGE
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ABSOCIATION.
• Buyers
Balan
M SATURDAY 1,
Buyers
Ballers
Sale HominA.
£
M
Standard, Cash 43-3/16 Standard.
43-1/4
$1340 ($1370
- NEW YORK SILVER New York, April 1 (Reuter).
· BOMBAY SILVER Bombay, April 1 (Reuter). Market-Quietly steady.
48-1/2" TIN Standard, Cash 213 Standard,
3 months 43-7/16 Electrolytic
43-1/2 49-1/2
13
12
215-1/4
3 months 213-3/4
LEAD
214
"On demand
...... 52 1/4
On Japan:-
On demand
104 1/4
On India:-
and demand
J81 1/4
Telegraphic Transfer.
On New York:-
Bank Bills, on demand 8 7/18 "Crodita, 60 days' sight is 15/10
Un Batavia-
On demand
On Parla:--
...
Bank Bills, on demand 1973 Credits & months' sight 1116)
*on Saigon:-
On demand... 107 se
On Manila:-
On demand
57 1/8
Foreign. Offtake 25 barsomefal Price 14-5/16 Indian Mint Silver
Foreign Oficial Ready......
52-11 Apr. 17 Settlement...... 62-10 May 13 Settlement 52-08
LONDON GOLD
London, April 1 (Reuter). Bar Gold, Fina per oz, 148/8. Dollar Parity.
London Exchange
London, Aprü 1 (BW8), Closing mean rates were:---- Paris 176-51/64.- "New York. 4.881.
Montreal, 4.701.
On Bangkok
On demand
15% 1/4
Sterling Notes:-
Bank Buying Rate
... 1/2 25/32
Brussels, 27,83. Geneva, 20.87.
Bar Silver per oz.
19 15/16
Official Price 13-7/16 13-1/2 Ordinary, Omcial
13-5/8 3 months 13-9/16 Final Afternoon Transactions Tin, Standard. Cash, £215-1/2 value.
Tin, Standard, 3 months £214- 1/4 paid and buyers,
INSULL DIVIDEND AUTHORIZED
Special Master in Chancery. Mr. Garfield
recommended Charles, recently to Federal Judge James H. Wilkerson that a 4 per cent. dividend be paid to holders in Insull Investments, Inc.. on a total investment of" $57,644- 000. It was
first dividend the authorised since the debacle of the Insuli empire.
debenture
35.40
#31)
Market Report"
From Rota Bros.
Amsterdam, 8.812.
Milan, 89.. Berlin, 11.67. Buenos Aires, 20,20.
Other rates unchanged,
New York Exchange
Hongkong, March 31. Silver prices rose 1/16 yesterday for both deliveries, the quotations being 19, 15/16 for Ready and 19. 11/18 for Forward. Silver advices reported Speculators as having 4.08-1/8.
sold and India as having bought
to a small extent. The market was steady but quiet, American Silver
was quoted at 42 3/4 for Spot.
The London/New York crOKS- rate was quoted at 468.12. New York/London was quoted at 463.
1/8.
i
New York, April 1 (Reuter), T.T. on London (Opening Rate).
NEW
STOCKS
Mr. Charles said the total to be paid now will be $2,305.700. Pay- Mr. ment was made last month. Charles also stated that a second would probably be dividend avaliable soon.
YORK STOCK EXCHANGE
Adams Express · Alleghany Steel Co. ".......... Market Opened with Indications of east-Allied Stores ness but later firmed up owing to Allis Chalmers
The market. Amerada Corps. ............... pressure of selling. however, was erratic, the tone at Amer. Can the close being steady.
Sterung
QUOTATION
APRIL 2, 1939
Last Sale Apr. 1
$8.10 $8.20 131
#561
541 471
Docks, Wharves, Godowns, etc..
H.E. & K. Wharvan Providente (old) ...... Providente (DEN) ......... HK. W. Docks...
"Do. (DW) $101, Shanghai Dooks 8, ... 16.70 New Engineerings 8.
* Mining
*17/€ Kailasm
Rauba
Venezuela Gold Fide, ota Hong Kong Mio... Lands, Hotels and
Buildings..
H.A. Hotala
H.K. Lands
$104 Do. 4% Debentures $8.00 Shanghai Lande
$44) H.K, Realties. $9.55 Humphreys ......
Chinese Estates
Cotton Mills
897
819) Ewn (8.)'
$100 B'ha1 Cottons (B)
$30
|Zoong Bing (8.).
$40
Wing On Textiles (8.)
16.20/ 10...
· Public Utilities Tramway scissors
***
Peak Trams (old) Peak Trama (now)
387 Star Ferrien
$241'mati Farries (0) $24 Do. (now)
China Lights (0)
China Lights (New)
China Lights Rt. H.K. Electrics........
$181 Macao Electrion
Sandakan Lights $12
Telephones (old)
#71 Telephoam (new)
#3
H.K. Bankın
Da. (Lon. Beg.)...
Ea
Chartered Banks
Est
Marcantils Bka.
ww
813
Marcantile ka "0"
$80
Bank of East Asia ....
#80
N. C. & 8 Beaks .... Insurances
$1.
1993
$485
485
$483
14-3/8
$480
190
3 months 14-7/18 14-1/2
SPELTER
Shipping
#68
|Dooginaos
$70
Ordinary.
318-
Steamboats
$104
380
Indo-Chines
(Prot.)
850
$14
9376
| Indo-Chinas (Def.}...
Shella
90 69/8
$9
Waiarbenia
i
SPOT
$100%
316
5111
-APRIL-JUNE
$493
JULY-SEPT
APR.
Hanks
Do. (Col. Bag.), «i
20 Canton Insurances...
| Union' InanPADOSS
Underwriters
$183 H. Fires
11370
284
1813
£171
£13
MONDAY, APRIL 3, 1939.
PAYNE & CO.
COMMODITY BROKERS ́STOCK · EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
New York, April 1.
SINGAPORE RUBBER
March 31 buyers
April 1 sellers buyers sellers
change
27-1/4 27-1/2 - M-1/8. 21-3/8
of 1/8
27-1/4
27-1/2"
27-1/8 27-3/8
ᎨᏥ
27-3/8" 27-5/8
27-1/8 27-3/8
off 1/4
$16
$101
161
នឹង
*
17/8
f
!!!!!
$5.58
#34
SLUBI
$480
Consumption
霉烂
Arrivals
Reclaimed Consumption
Btocks
$19.80
Afloat
February
42,385
48,234 'toms
36,490
39,082
12,625
13,000
231,475
237,826
55.814
48,210
$107
1202
$48
LONDON BUBBER
| 816.20
3
Previous close To-day's close buyers
34
SFOT
B
87$
JULY-SEPT.
'3-1/16
OCT.-DEC.
JAN -MARCH ..............
sellers 8-1/16 T-15/16 8
8-1/8 R-9/16 8-1/16 8-1/8 8-1/4 8-1/8- 8-3/16
8-1/8- 8-9/16 B-1/4
buyers..
sellers
change
off 1/16 unch.
8-1/4
OF 1/18
Market dull.
The market opened 1/3 of a cent lower for all deliveries a compared with Friday's closing quotation.
Early in the morning the market was nominal and uncertain, being entirely dominated by the unsettled European" political situa- tion. Fair enquiries for "actuals" by consuming countries failed to stimulate trade and speculative buying Interest in futures.
Later in the session, however, the low level of prices attracted speculative buying which resulted in a gradual advance of 1/4 dent for all deliveries, the market closing with a fairly steady undertone. American Questionnaire Figures for February are given below with those of January for comparison12 2="
January
Last Sale
STOCKS
26 $34
Apr. 1
น
International Harvester
171
Int. Nickel
73
int Tel. & Tel.
354
Johns Manville
723
571
J. & Laughlin Steel $7 pfd. 397*
854
Kennecott Copper
321
Amer. & Foreign Power... Ameri & Foreign $ pt...
21
Libbey-Owens-Ford
Glass 431
12/0 Tractions ....
$243
071
29
14
Lockheed Aircraft
251
23,6
Tractions (preč.)
Industrials
NEW YORK COTTON
The market opened easy with narrow trading. within narrow ranges, but advances were checked by general selling and liquidation. Towards the close, the day's lows were improved on sporadic covering.
Prices moved
American Gas & Elec.
333
Loew's Inc.
411
$14.
Opened with sellers at 1/2. 21/32, Amer. Locomotive buyers bidding 1/2, 11/16 at which Amer. Metals Co. rate a small business was arranged Amer. Radiator .... for near delivery. The market then Amer. Rolling Mil.....................
Cald., Macg. (Ond) 8.
184
Martin, Glen L
337
$13.
Cald., Macg. (Fref.) 8.
304
'Monsanto Chemical
$4
$1
Canton Loca
13
Montgomery Ward
481
131 Cementa
141
Sat. Dairy Products
14.
firmed up and business was done at Amer, 8'ting and Ring Co.
+1/2. 23/32 for July, June; May and Amer. Sugar R'ing Cash followed by transactions at Amer. Tel. & Tel. 1/2, 3/4 for May delivery. At this Amer. Tobacco “3” sage the market reacted and busi-Amer. Waterworks ness was done again at 1/2. 23/32
Anaconda Copper for April delivery.
Later 1/2 3/4Atchison, T. & 3. Fe. was again arranged for April dell-Auburn Motors ... very and 1/2. 23/32 was also fixed Baltimore & Ohlo for July. The market closed with Barber Asphalt Co sellers at 1/2. 23/32 April/June. Barnsdall Of buyers at 1/2, 3/4 Cash/June.
Bendix Aviation
371
Nat. Distillers
20
174
National Gypsum
121
$3.50 Ropes
Miscellaneous
#31 ex rts. Dairy Farm
1541
National Load.
201
821
Nat. Power & Light
71
91
National Steel Corp.
$42
241
Nat. Supply Corpn...
B2
281
New York Central"...
151
3
51
131
Niagara Hudson Power IN. American Aviation
North American Co. ....
7
67"/
147
21
par
14
Northern Pacific......
B1
***
201
Pacific Gas & Elec.
301
U.S. Dollars
Bethlehem Steel
611
Pacific Lighting
44
Opened with sellers at 28, 9/16 Boeing Airplane Co. but business was subsequently done Borg-Warner
221
Packard Motors
31
13 9 6/0
23
Paramount Pictures
at 28 11/16 for cash. 28. 3/4 was Biggs M'facturing
201
Pennsylvania R.R.......
19
also reported for near delivery. Brooklyn-M'hattan
Trans.
8"
Phelps-Dodge
33+
pm
Lane Crawforda
Nanyang Tobacco....
"$1.80 Sinceros
88.10 (Watsona
$42
Lh 097 1904 Bản. H.k. Gort, 4% Losna H.K. Govt. 3% Lowe H.K. Wing "On
'ha Wing "Q... 38.30 Vibro Piling
Maramans Inv. (Lon.) Marathane Inv. (H.K.) 90 dia. Wm. Powells
*Baler to
$1,30 8131
$3.Bu
2211
911
Ch. E'tainmentą |Constructions (old)
Constructions
*$6.30.
Bli
[DOW}
$71
38
$1.80
#8
+T
1671%
3104
$106
Dow Jones Industrial Averages
$100
$48
851
851.
170 cta.
NEW YORK RUBBER
1.
The market armed up in sympathy with securities. throughout the day was quiet.
Trading
CHICAGO WHEAT
The market reflected weakness in Winnipeg and a bearish view of the winter crop. There was some liquidation.
Previous close
To-day's
close Change
131,84
132.63
UD. .99
N. Y. Commodity Market
Shanghai
The market closed with sellers at B'klyn-M'hattan $8 cum pf.
32
Phillips Petroleum
34
Courtesy of Messrs. Swan, Culbertson & Fritz and
28. 11/16 Cash, 28, 5/8 April, and Canadian Pacific R'way."
+
Public Service of N.J:
33
28. 9/16 June, buyers at 1/18 high- Case, J.I..
er respectively.
74
Pullman Inc.
271
LONDON STOCK
EXCHANGE
Celanese
164
Pure Oil".......
71
Shanghai Dollars
,
173.
..
Chesapeake & Ohio Chrysler Corpn.
321
[Radio Corpn. of Am,
+9
691
Republic Steel
(REUTER'S SERVICE)
161
Shanghai Market
Sellers of Sterling at 8. 1/4 for Columbia 6% "A”- Di.
Spot and U.S. Dollars at 18, 1/16
for Spot.
Shanghai Exchange
Columbia Gas & El.
64
"Reynold Tobac. "E"
London, March 31.
38
Richfeld Oil
83+
74
Commercial....
481
Safeway Stores
32
Commonwealth & B. (ord)
12
Schenley Distillera
134
and no responsibility is assumed, for errors to transmission.
C'wealth & 8. 6% cum pf.
534
Schenley, 54% pfd.......
71.
£
B
Consolidated Edison'
30-
Sears Roebuck
691
Consolidated on
8
Shell Union Oll
11
War Loan, 31% (Red.
after 1952)
954
Continental Can....
361
Bocony-Vacuum Oll
11
Canton-Koon Ely. 6%
4J
Shanghai, April 2 (Reuter).
Continental Oil.
231
Southern Pacific
131
Opening
Corn Products
624
Bouthern Rly, så pid.
London .....
0/8
Curtiss Wright (C)
.: 51
Sperry
391
1808 Brit. Issue)...... Chinese 41% Gold Loan, 79 Chinese 5% Gold Bonds,
191
New York
15-5/8
Curtiss Wright "A"
211
Standard Brenda
61
1925-47........
67
Japan
Paris
Hongkong
58-7/8 5.48 53-3/8
Deere & Co.
191
Stand Gas & Elec,
21
Chin. 41% Anglo-French
!
Distillers Corpo. Seagrams
17
Standard Oil of California
261
Loan, 1908.......
Union Insurance Gula Kalumipong Rubber 18/9 Allied Ironfounders
18/0 Asso, & Elec. Industries 40/11 Austin Motors, ord. '...... Cable & Wireless, New
Form, ord.... H-A, Tob. (bearer) .. Cammell Laird, ord,
301*
The following quotations are the middle prices at the close of
the market in London. All quotations are subject to confirmation
New York Rubber, May New York Hides, June Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
Close Close Change 7.83 7.90 7.84 2.05 of 15.91 ,08 up
16.91 15.80
New York Cotton, July
S..E. Levy & Company).
Prev. To-day's
High
Low
7.89
15.89
10.02. 10.70
10.70 10.85 15 up
681
031 671 of
473..
171 47)
471
+ off
614 602 81+
801
"off
NEW YORK COTTON
30/101
May
Close
8.08/10
Opening .*8.05/05
Closing
8.08/06
Change .04. of
July
7.89/90
7.84/85
784/84
06 of
40
October
7.59/59
7.55/55
7.85/65
90/3
December
7.55/55
7.52/52
7,50/50
$4 Of
06 07
8/11
January
7.58 N
7.53/53
751 N
165 of
Douglas Aircraft .....
01
Standard Oil of NJ.....
451
Chihase 5% Grisp Loan,
Mexican Eagle
8/9
March.....
7.63/63
7.58/59
757 N
.00 off
Du Pont de Nemours
Open Market-Selling Rates
1431
Stone & Webster
107
1912....
Courtaulds
25
Bpot
8.83 N
8:81 N
.02 off
Eagle Picher Lead
9
Swift Internationa
261
Chinese 6% Rearg, Loan, ‚"
Distiller
90
Sterling
Eaton Mig Co
20
Technicolor
151
1913 (Lab. Is.)
511
NEW YORK RÜBBER
Dunlap Rubber. ....................................
28
Opening
Closing
Elec. Autolite
291
Texas Corpn.
387
Chinese 5% Eter. Noten.
Gen. Electric (England)
May
15.78/73
15.80/81
15.30/92
Spot
0/8-1/4
0/8-1/4
Elec. Bond & Share
Texes Gulf Bulphur,
271
1925 (Vickers)
181
April
0/8-1/4
0/8-174
Elec. Bond & Share $5 pt.
si
Trans-America Co.
61
Chin. Imperial Rly 5%
May
0/8-15/64 0/8-15/64 Elec. Bond & Share 38 pf.
86
20th Cent. Fox.
201
Loan.....
Guinness (A) Box, & Co. 99/8 Hawker Siddeley Airo.... 30/1 Bristol Aeroplane
September
15.79b/80a 15.25/88
21/6
December March
15.79/70
15.80/80
15.90/90 15.88b/91a 15.89 N
829
du 80'
J2 up
២៩ ៖
June
0/8-7/32 0/8-7/32 Elec. Power & Light $7 p.
201
20th Cent. Fox. $13 pf.
29
Honan Rly. 5%,
U.S. Dollars
Engineers's Public Service
Union Carbide & Carbon ...
724
Hakuang Rly.5%, 1911.
Imperial Chemical Ind. 29/4} Imperial Tobacco"
To-day's Bales:--650 tons.
Flintkote
Spot
April
.... 18-1/16
Food Machinery Corp. Gen. American Traum.
May
10
15-31/32
Gen. Railway Signal
Merchant Rates
Glidden Co.......
Goodrich (B.F.),
Goodrich $5 pt...
Goodyear Tire & Co.
Great Northern Iron Ore ...
Great Northern Rly, pfd. Great Western Bugar
Greyhound Corpn.
Homestake Mining
Industrial Rayon
bid.
1939
154.85 131,15 20 Industrials.
34.33 20,31,30 Baile 28.5921.5890 Utilit
12.23 89.37-40 Bonds 4,19 46.50" 11
June
$18-1/16 $16-1/18 ∙10-1/18 "16-1/32 16-31/32/Gen. Electric....
Market-Quiet but steady.
Sterling, 0/8-7/32.
Dollars, $16.
Silver. Duty Ente
The Central Bank of China's rate on London at 10 am. to-day
Was, 1/2-1/2d... unchanged from yesterday.
Gen. Motors
The Equalisation rate was 4-1/2 Hecker Products Der cent.
-India Rupee Paper
Bombay, April 1 (Reuter) Govt. 31% Rupee, 93-02-0.
Calcutta Exchange
Calcutta, April 1 (Reuter).
un Japan, 78-3/8,
High Low Dow Jones Averages, Mar. 21. High Low Close.
27.88 26:52 27.54. 86 up Chosen Corporation 22.00 21.709,50 80 mp | Fekin Syndicate
* 89.0038 of graal Elec. Constr
47.382204 off
8'hal Waterworks
Basinan Dons-1,580,000 shares
131/3
21
Union Pacifc ...........
04
Hukuang. Riy, 5%, 1911
Marks & Spicer "A" ord. bi
CHICAGO" WHEAT.
241
United Aircraft
351
(German Issue)
201
Rolls Royce
106/3
48
United Airlines Trans.
93
Lang Tsing & V. Hai Rly.
Leyland Motors
$6/101
351
United Corpn.
2+
5%
Tate & Lyle
50/6
431
United Corpn. $3 cum pl.
33
S'hai-N'king `Rl7, 5%‰mine.
Turner, & Newall
76
May July September
681/681
681/68
674/677
*68/684
681/68
671/671
*60/68*
684/68)
17
United Gas Corpz.
21
Tientsin-Pukow Rly. 6%
United Steel
23/3
Friday's Bales5,974,000 bushels.
17
United Gas Improvement
117
· 177" ·
UB. Rubber
382
(Brit. Stpd.) Gener Tientsin-Pakow Rly. 6%
Smethwick Drop Forg...
15/9
Armstrong Stevens, ord.
CHICAGO COEN
7/8
62
U.S. Rubber $3 pfd.
944****
211
jus. Steel
513
Vanadium
137
201
218
Warner Bros. Pict.
41
(German Stpd.). ....... Tientsin-Pukow Rly 5%
(Brit. Stpd. Supl. Loan).- 17. Tientsin-Pakow Rly, 5%
17
Fressed Steel, com.
18/11
May
472/478
473/474
473/477
Vickers," ord.
20/9
July
400/404
404/40
401/491
Woolworths dalies Anglo-Dutch
69/0
September
60$/500
501/50§=:
24/3
251
Westinghouse. Mec,
931
י
174
Woodward Iran Cor.
17
10
Chase National Bent
30%"
611
National City Bank
221
(Ger. Stpd Supl, Loan) 17 Jap. 5% Bier. Loan; 1907 38 Jap. 6% Ster. Loan, 1924, 434 Gez. 7% Intl Loan, 1934 36 Chartered Bank .......
Rub. Plant. Invest. Trust
27
WINNIPEG WHEAT
Burma Corporation Commonwealth Mining.. 1/10
8/3
May
811/011
617/611
60%/80%
July
611/617
612/619
814/814
Marsman Investments... 13/9
Bj
October
"624/623
621/624
20
Zmez. div. ∙DOW JONES AVERAGE
HK & S'hai Bank (Lan.
Rez)
Randfontein Estates
35
Western Holdings
9/3
NEW YORK HIDES: (New Coatracia)
Apr. 21933,
Change
131.84
HK. & Bhai Bank (Col -Reg) Chinese Eng & Mining 183.75 130,01 18283 09 up (bearer).
Sub-Nigel A
220
84
Tanami Goid Mining..
34.
"June
Anglo-Iranian
83/9
September
11.05/05
10.84/10 10.02/14 10.83/85
11.20/14-
11.22/25
Burmah
NY, Bulver, Official
42-3/4
unquote
Spell Trans.
9878
(bearer)
€21.70
NY-London Cross Hate 468-1/6
NEW YORK STRAITS TIN
468-1/8
89.27
Nominal
Commodity Index 47.40
September
46.35. N
45.90b/45.00a 45.80b/46.00.35
ا از