PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS Shanghai Exchange
Last Bale
APRIL 19, 1939 STOCKS
Apr. 18
71
Int. Tel. & Tel.
132
Johns Manville ..
7
303
Kennecott Copper
481
Libbey-Owens-Fard
Glass
861
Lockheed Aircraft
Amer. & Foreign Power
Loew's Inc.
Ameri & Foreign $7 pi...
13)
Manhattan Shirt Co.
28 1/2 June and 7/18 July, buyers
American Gas & Elec.
34
Martin, Glen L
Amer. Locomotive
164
McKesson, Robbins
Amer. Metals Co.
271
Monsanto Chemical
Amer. Radiator ....
12
Montgomery Ward
Amer, Rolling Mi
137
at. Dairy Products
Amer. S'ting and Ring Co.
38
Nat, Distillers
Amer. Engar Ring
161
National Gypsum
Amer. Tel. & Tel
1631
National Load
Amer. Tobacco "B"
80
Nat. Power & Light
Amer. Waterworks
$
National Steel Corp.
Anaconda Copper
221
Nat Supply Corpn.
Atchison, T. &z 8. Fe. Auburn Motors ...
261
New York Central
Niagara Hudson Power
Baltimore & Ohlo
5
N. American Aviation ......
Barber Asphalt Co
121
North American Co.
Barnsdall Of
134
Northern Pacific......
194
Pacific, Gas & Elec.
Bethlehem Steel
547
Facific Lighting .....
Boeing Airplane Co.
201
Packard Motors....
Borg-Warner
207
Paramount Pictures
Biggs M'facturing
183
Pennsylvania R.R.
A
APRIL 19, 1938
Telegraphie Transfer. 1/1.5/8
On London:--·
Bank Bills, on demand!/9 3/8 Credits 4 months sight 1/2 13/18 On Shanghai:-
"
On demand
On Singapore:---
On demand
On Japan:-
Shanghai, Apr. 19 (Reuter).
Opening
London
0/8
New York...................
15-5/8
Japan
Paris
56-7/8 5.48 63-3/8 Hongkong "Open Market-Selling Rates
Sterling
Opening Closing "0/8-1/4 0/8-1/4 0/8-1/4' 0/8-1/4 0/8-16/04 0/8-15/64 0/8-15/64 0/8-15/84 U.S. DollarN
174 nom
52 3/8
On demand
104-1/2
Spot April
On India:-
May
Telegraphic Transfer.
and demand
J8 13/8
June
Un New York:--
Spot
316-1/16
Bank Hills, on demand 28 1/9
April
18-1/16
Credits, 60 days' sight 40
May
16-1/32
Un Batavia-—
June
On demand ..... On-Paris:-
63 0/16
Market-Very quiet.
Merchant Ratca
Sterling, 0/8-7/32
Dollars, $16.
- 8 8 8 8 7 5 8 8 8 8
Bank Bills, on demand 1075 Credits 4 months' aight 1117
On Saigon)---
On demand.
On Manila:-
107.1/4
On demand
On Bangkok
37 1/4
152
Sterling Notes:--
Bar Silver per os,
On demand
Bank Buying Rate
Market Report
Roosevelt Summons
His Advisers
19 Ápril WASHINGTON, (Reuter)-President Roosevelt has summoned his chief finan- ..cal and economic advisers for a discussion of the whole mb- Jock of world trade as it would be affected by an outbreak of hostilities.
Plans for the conduct of Ameri- can security and commodity mar- kets in the event of a European $16-1/10
the sub- war, which are among 16-1/16
jects for discussion, have already 16-1/93been tentatively drawn up during 15-31/3315-31/32 departmental conversations
Silver Duty Rate
ANGLO-ARGENTINE
TRADE
ו
LONDON, April 19 (BW)-The
The Central Bank of China's President of the Board of Trade, rate on London at 10 am to-day in reply to a suggestion for the was 1/2-1/2d, unchanged from introduction of a barter or com- yesterday.
The Equalisation rate was 5-1/4
1/13/16 per cent. 20 1/16
FROM ROZA BIOS. Silver prices rose yesterday to the|
extent of 1/16 for Ready and 1/8 for Forward. Silver advices repor- ted some speculative buying The market was steady, American Bilver was quoted at 42 3/4 for Spot.
The London-New York cross-rate was quoted at 488.03. New York- London was quoted at 468.
Quiet..
Market
Sterling
No business was reported. There
were sellers at 1/2, 11/16 April-July,
Calcutta Exchange
Calcutta, Apr. 18 (Reuter). T.T. on Japan, 76-1/2.
India Rupee Paper
Bombay, Apr. 18 (Renter). Gort. 31% Rupee, 02-15-0.
pensation system in Anglo-Argen- tine trade, informed the House of Commons that he did not conal- der such a scheme necessary or desirable.
$1350
$1360
$453 $460
ота
He recalled that under the exis- ting trade agreement the Argen- $3 tine
Government would make available sterling exchange for the purpose of remittances to the United Kingdom up to the value lof Argentine exports to Britain.
NEW YORK STOCK EXCHANGE
STOCKS
1/2. 21/32 August-Sept. and 1/2 Adams Express
5/8 October-December, buyers at Alleghany Steel Co. 1/2, 23/32 Cash-September, 1/2. Alked stores 11/16 October-November and 1/2. Allis Chalmers 21/38 December..
U.S. DollarS
Quiet. The market closed with Bellers at 28 5/8 April, 23 9/16 May.
at 1/16 higher respectively.
Shanghai Dollars
Sellers at 178 1/4,
Shanghai Market
Sellers at 81/1 and U.S. Dollars
at 16. 1/16.
New York Exchange
New York, Apr, 18 (Reuter?... T.T. on London (Opening Rate). 4.68-1/10.
LONDON METALS.
EXCHANGE
London, Apr. 18 (Reuter).
COPTER
Amerada Corps.
Amer. Can......
Bendix Aviation
QUOTATION
J. & Laughin Steel $7 pid. 361*
་:རྣ
11:
£90
£7
£13
190
Banks
{E.K: "Banks
Do. (Col. Bag) Do. (Lou. Reg.) Chartered Banki .......... Maresatile B. “A” Maroantile Bki, "0" Bank of East Asia ... [N, C. & 8. Beaks ... Insurances
19 Canton Insurances ...
Union Insuranens Underwritern
$180 |HLE. Piron.
H
#995
$1
0435
#180
Shipping
|Dodglass. on parent
ཚ
$70
313
|Bienïnboste
#111
$60
Indo-Chinsa
(Prod.)
330
$24
Shalla
80/0
Indo-Chinna (Def.).........
93.40 Watarbosts
Docks, Wharves,
Godowns, etc.
20
BOJO
$9
ЭРОТ
JULY-SEPT.
$100
OCT.-DEC.
$5
$104 $8
$32
#
***
4 ata.
Baub
Taberusia Gold Fida
Hong Kong Mo
Lands, Hotels and Buildings
H.K. Hotels.naments" EX. Lands .......... Do. 4% Deberturas Shanghai Lands 8 EL.K. Realtion ............... 38.85 Humphreys ........................... 8101 Chinese Entela......
Cotton Silk
$19.90 Ewo (8)
#105 B'bal" Coltons (8.) ... 130 Zoong Bings (B.)
Wing On Textilom (8.) Pablle Utilities
Tramways
Peak Trazim (old)
¡Peak Trama (new) ...
367)||Star Forrige mine $95 I'masi Farris (0)
024 Do. ()
Light(New)
8.60
$15.80
::
165
U.D. O.D.
$25
$24
8.90 China
ΤΟΥ
#5.20 China
#1.10
+R
Chins Lights Kts.
#63
H.K. Electrics
$33
$17
Macso Electrics ......
812
Sandakan Lights .......
FINANCE
HONGKONG SHARË
QUOTATIONS
SHAREBROKERS ASSOCIATION
US.
TRADE IN WARTIME
STOCK EXCHANGE
Bague Belaru Bales
Yourine?
VED.. 19.
APR.
Buyer B
£82
11:360) под nom £99
:::
813
$80
THURSDAY, APRIL 20, 1939.
PAYNE & CO.
ODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York. April 18, 1830.
#1: 6
8100 H.K. & K. Whartus
Providenta
|Providente (new) ***
$154
HK & W. Dooka....... | #154
Do. (new) ileumier,
'#101) 8bangbal Docks 8. ...
$101
$6.70 | New "Engineerings 8.
#8)
Mining
17/0
Kailans
17/0
Ter
1
$3
$3
SINGAPORE RUBBER
April 17
buyers
sellern
April 18 buyers sellers
change
27
27-1/4
26-7/8 27-1/8
27-1/8
27-3/8
27-1/4
27-1/2
28-7/8 27-1/8 27
off 1/8 00 -1/4 27-1/4 2 1/4
#39
$4.10
11
$38
The market opened 1/4 of a cent lower for all deliveries as compared with Monday's closing quotations."
Early in the morning the market ruled quiet. Despite fair en- and speculators quiries for "spot" Rubber by consumers dealers showed little inclination to trade either way, prefering to await further developments.
"
Later in the session, however, the market turned steady on fair buying interest for trade and speculative accounts, caused by an im- -provement in the European political situation as well as by a grow- ing belief that the IRR. Committee at their next meeting on May 16 would leave the permissible export-quota for the third quarter of this year unchanged from the present rate, unless a substantially higher price-level would be reached and maintained.
The market gradually moved higher by 1/4 cent for all deliveries, closing with a steady undertone.
11
$18
130
$107
#29)
3451
8 PO T
JULY-SEPT.
OCT.-DEC.
JAN. MARCH
Last Sale
Apr. 18
61
agi
30
40,
24
37
337
93
311
314
$13
411
135
A
24
101
20
#29] ||Telaphones (ald) .............
#7 {Talophones (new)...........
240
Tractions
21/0 Tractions "(prat.)
Industrials
|Cald., Macg. (Ord:) S.
Cald., Macg (Fref.) E.
Canton Ice
Caments
$3.00 Bape
Miscellaneous
820 Dairy Farms Kr. Ets.
$151 Dairy Farm Rta,
::i
9131
33.60
8211
$15
7t
#6:40
Ch. E'tainments
$6.45
60
211
Com
| Construction
(old)
#11
Construction
(new)
81
38
Lane Crawfords
18
13
61
$1,80 Sincares
13)
Watsons
20%
$71
Nanyang Tobaco .....
697 Ch. G.5% 19250 $Bdr.
84
$1.80 #7
021%
71
HI.K. Govt. 4% Loans par. H.K. Govt. 34% Lona
-$103)
ng 14
29/
81 30
Market quiet,
Rubber stocks held in the United Kingdom showed a decrease of 184 tons for the week ending April 15, 1939.
NEW YORK COTTON
Opening prices were the lowest recorded for the day. This was due to selling by foreign interests and also owing to a lack of de- mand from domestic sources. Later in the session, however, values recovered from the early setback, with "spot" houses as the principal buyers. The best levels for the day were short-lived, as the market reacted partially towards the close. In spite of to-day's steadiness, the technical situation of the market has not shown much improve- ment. Traders are still adopting a very cautious attitude owing to the uncertainties surrounding the Administration's farm programme. NEW YORK RUBBER
At the opening, the market, was extremely quiet, with prices moving, within a narrow ranga. Later, however, with offerings from abroad scarce, values moved upward. The closing prices were around the best levels for the session. The tone at the close was steady. and higher prices are expected.
CHICAGO WHEAT
Trading was quiet in a dull and featureless session. Late in the day, reports of beneficial rains in the South-West caused liquida- tion.
To-day's
close Ohange
LONDON RUBBER “
Previous close
To-day's close
buyers
sellers
buyers
sellers
change
7-7/8
8
7-7/8
7-15/16
unch.
B
8 6-1/8.
8-1/16
8-1/16
8-3/16
8-1/18
8-3/18
8-1/8
8-1/4 8-1/8"
8-3/18
Previous
close
$100
Dow Jones Industrial Averages
137.34 *125.38 of 1.96
203
HK. Wing On....
348
וקיו
11
451
S'had Wing On
31
Vibro Pilling
72
13/3
167
buyers
£
sellers
Brooklyn-M'hattan Trans.
10
Phelps-Dodge
311
£ B'klyn-M'hatton $8 cum pf.
361
Philips Petroleum
33
ده باشد.
Spot, 20-1/164.
Standard, Casti 41-5/8 Standard.
3 months 42- Electrolytic 47-1/8
TIN
Standard, Cash 218-1/4-218-3/8 Standard.
3 months 216-3/4 216
LEAD
Foreign,
Official Price 14-1/8 Foreign OfcialTM
3 months 14-3/8 SPKLÆTER
Ordinary.
14-3/18 Consolidated Ou
Official Price 13-5/18 13-3/8
Ordmary, Official
3 months 13-1/2 ·· Final. Afternoon Transactions Tin, Standard, Cash 2216-1/2
seller. **
Tin, Standard. 3 months, 3/4 paid and value.
Continental Can Continental Oil
£216-Eaton Mfg. Co.
SILVER MARKET
LONDON SILVER
London, Apr. 18 (Reuter).
80ver-Little general and specu-Gen. American Trans.
Iative buying. Offerings small. Gen. Electric Market steady. In the afternoon, Gen. Motora ::
the market was quietly steady, Gen. Railway Signal spith small inquiry for "spot" but Glidden Co.....................
sellers were reserved.
Forward, 19-7/86.
NEW YORK SILVER
41-11/16 Canadian Pacific R'way.
30
Public Bervice of NJ,
331
Case, J.L
691
Pullman Inc.
20
.42-1/16 48-1/2
Celanese
153
Pure Ou
73
Marsmans 107. (Lon.}
[^ {Marimans Inv. (HK)
90 ola Wm. Powells
#Saim · to Shanghai
LONDON STOCK EXCHANGE
10 ct.
N. Y. Commodity Market
Chesapeake & Ohio
301
Radio Corpn. of Am..........
B
Chrysler Corpn.
581
Républic Steel
142
Columbia Gas & El
6
Reynold Tobae. “H”
(REUTER'S SERVICE)
371
Columbia 6% “A” pf. Commercial
83
Richaeld On
London: April 18
71
421
Safeway Stores
324
Commonwealth & 8. (ord.)
13
Schenley Distillers
13
C'wealth. & S. 6% cum pt. Consolidated Edison
52
Schenley, 51% pid.
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.
New York Cotton, July
29
Bears Roebuck
£
£
65
71
Seversky Aircraft
31
361
Shell Union Of
111
14-1/2
221
Bocony-Vacuum Oll
112
War Loan, 3%
after 1952) Canton-Kloon Rly. 5%
(Red.
931
Union Insurance Chula. Kalumpang Rubber 16/3 Allied tronfounders ....... 18/3
301*
Corn Product.
56
Southern Pacific
12
1898 (Brit. Issue).
194
Curtiss Wright (.)
5
Bouthern Rly 15 pid.
184
Chinese #%-Gold Loan, 64)
Curtiss Wright "A"
21
Sperty
381
Chinese 6% Gold Bonds,
Asso, & Eles. Industries 97/41 Austin Motors, ord. Cable & Wireless, New
(By Courtesy of Messrs, Swan, "Culbertson & Fritz and 8. E. Levy & ̈Company)
New York Rubber, May New York Hides, June Chicago Whest, May Com, May Chicago Wanipeg Wheat, May
Prev. To-day's. High Low Cipso Closs Change 7.88 7.77 7.80 7.84 04 Up 15.72 15.63 15.65 15.72 07 up
9.95 9.75 8.90
9.84 .06 off 691 681 ast 60$ off up 481
481 431 487 601 804
NEW YORK COTTON D Close Opening
30
May
July
Deere & Co.
174
8tandard Brande
1325-47
13-5/8
Distillers. Corpn. Seagram
16
Stand Gas & Elec:
22
Chin. 44% Anglo-French
Form, ordina R-4. Tob. (bearer)
401
October
93/6
December
Douglas Aircraft
501
Standard Oil of California
281
Loan, 1908 ******
671
Cammell: Lairis, ord..
710
January
Du Pont de Nemours... Eagle Picher Lead
1351
Standard Oil of N.J.
454
Chinese 5% Orisp Loan,
મા
Stone & Webster....
91
1912
861
[
10
Swift International.
,,28
Chinese 5% Recrg, Loan,"
Elec. Autolite
26
Technicolor ...
154*
1913 (Ldn. Is)
51
Elec. Band & Share
72
Texas Corpo.......
37.
Chinese 5% Ster. Noles,
Elec. Bond & Share $5 pf:
54
Texes Gulf Sulphur
Elec. Bond & Share $6 pf.
611
271
1925 (Vickers)
Trans-America Co.
51 Chin. Imperial Rly. 5%
Elec. Power & Light $7 pf. Fiintkote
20th Cent. Fox
181
181
20th Cent. Fox: $13 pf.
Loan sunuppet) Banan Rly. 5%
65
Food Machinery Corp.
22
Union Carbide & Carbon
72
Hukuang Rly. 6%, 1911... 221
42
Union Pacifc ........
Bat
Hakuang Biy. 5%, 1911
337
United Aircraft
351
(German Issue)
201
Mexican Eagle ........... Courtaulds
24 Distillers ...
23/9 Dunlop Bubber ma........ 25/3 Gen. Electric (England) 75/7) Gulnner (a) Ban 50. ĐIỆ Hawker Siddeley Atro 28/7 Bristol Aeroplane
20/1 Imperial Chemical Ind. 28/6 -.. Imperial Tobacco J............... 128/9 Marks & Spicer "A" ord. 57/0 Rolls Royce
6/41
March
Spot
604
unch,
Closing
Change
8.09/09
8.06/06
8.18/19:
10 up
7,80/80
GM/"
7.84/84
# up
7.45/45
*7.50/30
748/48-
£2 up
7.40/40
··-7.40/40
7:41/41
01 up
1.40 N
7.45/45
01 up
7.45 N
7.45 N
unch.
8.84 N
8.93% N
103 up
The First Notice Day for cotton is April 25 and the last Day is May 16.
May September December March
NEW YORK RUBBER
15.85/65 15.63/63. 15.67/69 15.83/63 15.78/76
15.72/72
31 up 09 up
15.85b70a15,68/68
15,68 N
15.79/79 15.81 N
,00 up
18.up
The First Notice Day for May rubber in April 27, and the last Day is May last.
100
39) United Airlines Trans.
91
Lung Tsing & U. Hal Ely.
Eeyland Motor
85
To-day's Bales:-1,410 tons.
16
United Corpn.
21
5%
171
Tate & Lyla.....
CHICAGO WHEAT
151
United Corpn. # cum. pl. 30
S'hai-N'king Rly 5%
25
Turzier & Newall-
75
May
60L/601
801/08
591/69.
Goodzich (B.F.).
15
United Gas Corpn. ...
21:
Tientsin-Pukow Ely. 5% ...
United Steel....
Goodrich $5 pt...
59
United Gas Improvement. 1111
(Brit. Stpd.) *
171
Smethwick Drop Forg........ 15/0
July September
681/65
89/189.7
6T5/65
681/68
Goodyear Tire & Co.
237
US. Rubber
341
Great Northern Iron Ore ...
12#
UB. Rubber $8 pfd.
(German Sipd)
Tientsin-Puikow Riy, 5%
Armstrong Stevens, ord. 7/6
174
Monday's Sales:
212,000 bushels.
011
Great Northern Rly, pfd.
184
UB. Steel...
451
New York, Apr, 18 (Reuter). Official Price, 42-3/4.
Great Western Sugar...
241
Vanadium
181
Tientsin-Pakow Rly. 5%
(Brit. Stpd. Supl. Loan) 171
Pressed Steel, com. Vickers, ord.
1579
CHICAGO CORN
20/6
Greyhound Corpo.
161
Warner Bros. Pict.
Tientsin-Pukow Rly, 5%
Woolworths Bonamin. 58/9 Anglo-Dutch
May
481/480
48/481
473/487
23/3
#
BOMBAY SILVER
Bombay, Apr. 18 (Router).
Offlake 76 bars.
Market Qulet.
Ladian Mint Sliver
Ready... May 13 Settlement
***** 52-11
June 15 Settlement ...... 52-10
LONDON GOLD
London, Apr. 18 (Reuter). Bar Gold, Fine per oz., 148/6. Dollar Perity.
Hecker Producta ......
Westinghouse Kec.
874
Homestake Mining
621
Woodward Iron Cor."
181
Industrial Rayon
201
Chase National Bank
2911
International Harvester int. Nickel
638
National City Bank
45
(Ger. Stpd. Blupl, Loan) 174 Jap. 5% Bier, Loan, 1907 351 Jap. 6% Ster. Loan, 1924.41 Ger. 1% Ini, Loan, 1924 311t Chartered Bank
Rub. Plant. Invest. Trust 24 Burma Corporation
July: September
492/491
491/401-
50/501
501/501
50/501
501/502
8/3
WINNIPEG WHEAT
Commonwealth Mining. 1
Maraman Investment... 13/3
May
601/601 60781
601/201
-62-13
.*...bid.
1-ex, div.
1939
High
Low Dow Jones Avorngor, Apt. 17. 18485 191.44 30 Industrials
· 34,33° 24.14 30 Rails
39.53 20.710 Utilsen
137.36 15.66 92.18
-'02.22 - 87,06 | 40 Bonda
17.87
49,11 45,59, 11 Commodity index: 46.99
Business Dones440,000 shares
DOW JONES AVERAGE
Apr. 19, 1929... High Low Close Chanes 197.01.19481 125.38 1.20 off
25.51 26.18 26.30 12.35 77 3194 494 off 87477 10 1
EK & Bhat Bank (Lan.
Reg.).
HE. & 8hai Bank (Col
Chinese Eng. ✯ Mining
(bearer) proses
38 of Chosen Corporation
Perin Byndicate mum.
U 237 up Shal Rec. Donate, Bhai Waterworks
Randfontein » Estates
33/9
July
013/001
812/617
613/618
*80
Western Holdings
7/3-
October
621/627
Bub Nigel
2017/6
NEW YORK HIDES; (New Contracts) -
Tenami Gold Mining
3d. ⠀⠀
June
9.90/50 29.
བྷཝསྶ
{Burma
Anglo-Iranian
„Shell". TranS":
(bearer)
18/0
September
10.25/28
9.8913/94m 10.29/285
98k/04 10.19/10.
off
88
78/11
NY Silver, Official
42-3/4 199
4-3/4
NY-London Cross Rate 168-1715
NEW YORK STRAITS TINY
September
46.85b/47.25% 47.00 N