QUOTATION
APRIL 23, 1939
Last Sale!
STOCKS
"Apr. 22
Int. Tel & Tel.
161
Johns Manville
-71
J. Laughlin Steel $7 pfd. : 381*
32
Kennecott Copper
63
Libbey-Owens-Ford Glass 40*
91
Lockheed Aircraft
Loew's Inc.
Manhattan Shirt Co.
33
Martin, Glen L..
172
McKesson, Robbins
28*
Monsanto Chemical
12
Montgomery Ward ...
13
at. Dairy Products
391,
Nat. Distillers -
18
National "Gypsum
157
National Load
མཆ ༢ཟ་
Nat. Power & Light
મ
National Steel Corp.
231***
Nat. Supply Corpn."
271
New York Central
Niagara Hudson Power
51
N. American" Aviation
131*
North American Co.
14
Northern Pacific
201
Pacific Gas & Elce.
Bethlehem Steel
251
Pacific Lighting
Boeing Airplane Co.
214
Packard Motors
Borg-Warner
223.
Paramount Pictures
Biggs M'facturing
19
Pennsylvania R.R.
Brooklyn-M'hattan Trans.
101
Phelps-Dodge
B'klyn-M'hattan $6 cum pf. 371
Phillips Petroleum
Canadian Pacific R'way.
32
Public Service of N.J.
PAGE 12-HUNGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
APRIL 22, 1939
FINANCE
LONDON. METALS | SHARE MARKET" HONGKONG SHARE QUOTATIONS
EXCHANGE
London. Apr. 21 (Reuter).
COFFEE
buyers
sellers
£
3
REVIEW
BY C. A. L. RICKETT Standard: Cash 41-11/16 41-3/4 Secretary, Hongkong Sharebrokers" Standard,
On London:-
Telegraphic Transfer. 1 5/8 Bank Bulls, on demandl/% 5/8 Credits 4 months' sight 1/2 15/16 On Shanghai:-
3 nionths 42 Electrolytic 47-1/2
TIN Standard, Cash 220 Standard,
On demand
176 nom
62 3/8
3 months 218
LEAD
42-1/16 48-1/2
220-1/4
218-1/4
On demand
104 1/2
Telegraphic Transfer.
J15, Ordinary,
On Singapore:-
On demand
On Japan:-
On India:-
8 8 8 8 3 3 8
and demand On New York:-
Bank Bills. on demand 28 7/16 Credits, 60 days' sight s 15/10
63 1/2
Bank Bills, on demand 1075 Credits 4 months' sight 1117
Un Bateria:
1
On demand
On Paris:
On Salzon:-
Orf demand
107 1/4
On Manila:---
r』
On demand
57 1/8
On demand
159
Sterling Notes:-
Bank"Buying Rate
... 1/2 13/18
Bar Sliver per oz.
20
On Bangkok
Market Report
MENSRS. ROZA BROŃ,
XLS
Silver prices dropped 1/16 yes terday for both deliveries, the quotations being 20 for Ready and 19. 7/8 for Forward. Silver advices reported the market being quietly steady with some general selling. India re-sold to a small The market closed with extent. buyers sit shed. American Silver was quoted at 42 3/4 for Spot.
The London/New York cross-rate was quoted at 468. New York/Lon- den was quoted at the same rate.
Steady.
Market
Sterling
Business was done during the course of the morning at 1/2.23/32 for various deliveries and 1/2.23/32 April/July, 1/2.11/16 August/Octo- ber and 1/221/32 November/De- camber, buyers at 1/2.3/4 Cash/ July, and 1/2.23/32 October/Decem-]
ber.
U.S. Dollars
ין
Foreign.
Offcial Price 14-9/18 14-5/8 Foreign Oficial
3 months 14-11/18 14-3/4
SPELTER
Official Price 13-1/2 Ordinary, Oficial
13-0/16
3 months 13-11/16 13-3/4- Final Afternoon Transactions Tin. Standard, Cash, B20-1/4 sellers.
Tin, Standard, 3 months, £218 1/4 sellers.
SILVER MARKET
LONDON SILVER
London. Apr, 2 (Reuter). Silver-American trade, bought, Indian speculators sold. Business small Market steady..
Spot. 20-1/16d.
Forward. 19-13/18d.
NEW YORK SILVER New York, Apr. 22 (Reuter). Official Price. unquoted,
BOMBAY SILVER Bombay, Apr. 22 (Reuter). Market-Stendy. Offtake 75 bars
Fadian Mint Silver
Ready May 13 Settlement June 15 Settlement
NEW
STOCKS.
Adams Express
52-14 52-12 52-11
Association
The market has been very quiet during the week While there pas been but little improvement in the volume of business recorded the undertone generally has been much stendier. There has been no further evidence of the rather nervous selling experienced during the preceding week and prices, in most cases, show appreciable ad- vances as buyers were compelled ta raise their bids to obtain shares. Buyers were more, in evidence and a rather more optimistic feeling was prevalent at the close of busi- ness.. HK. Banks changed hands at $1355 to $1385. Unions were rather easier with sales at $453. Electrics Improved $1 with buyers at $54. Hotels were wanted at $51 and Lands at $334 with sales at $33. Trams improved to $161 after changing hands at $15.90. Provi- dents advanced 35 cents to $4.35 and China Lights (O) improved 50 Business has been cents to $81. reported in Wharves at $100 and in H.K, Docks at $164.
Benguet
After a quiet week gold mining stocks also show improvement at the close. San Mauricio, improved. to 94 ctvs. after deduction of 100% stock dividend, United Paracale closed at 61. ctvs. and Consolidated at Ps. 11.70 after easing to Pa.10.80 early in the week. This section of the market is very sensitive to outs'de influence, but at the close a steady market is reported from Manila.
YORK STOCK EXCHANGE
12
Alleghany Steel Co. Allied Stores Allis Chalmers Amerada Corps. Amer. Can.......................... Amer, & Foreign Power Ameri & Foreign #7 p.... 149* American Gas & Elec. Amer. Locomotive Amer. Metals Co. Amer. Radiator ....
Amer, Rolling Mill
Business was done at 28 3/4 for Amer, S'ting and Ring Co.
cash and 28 11/16 for May. The market closed with sellers at 28 11/16 April, 28 5/8 May. 28 9/16 June and 28 1/2 July/August, buy- ers at 88 3/4 for cash. 28 11/18) May. 23 5/8 June and 28 9/16 August, probably July.
· 178 1/4.
Shangbai Dollars
Shanghai Market
Sterling. 81/4 sellers for Spot
and US Dollars 16.3/32 sellers for Spot.
Shanghai Exchange
Amer. Sugar Rʻtag Amer. Tel & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & B. Fe.
Auburn Motors ... Baltimore & Ohio Barber Asphalt C
Barnsdall Off
Bendix Aviation
STOCK EXCHANGE
Buyers Ballers
Nomlah
SHAREBROKERS" ASSOCIATION
İSATURDAY 22.- APR.
Buyer❘ Beller Salina
Banks
#1355
$1353/ 85
H.K. Banks
-$1380
£80
ወደ 3
Do. (Col. Beg.). Do. (Lon. Beg.) Chartered Banks, ca Mereṣntila Bka. "A" Mercantile Bks, "O""
发
571
$80
Bank of East Asia "..
N. C. & B. Banks
Insurances
Canton Insurances
$920
$76 $18
5994 8430
·31610184
$140
. I
860 $14
81/3
#
$1,30
#76
9191
(Prof.)
·Union InextraNDRE $1.30 Underwriters
$180 H.E. Firs
Shipping
Dougla Stasmbosta
Indo-China
Indo-Chinas (Def.)...
Shells
$8.40 Waterboste
Decks, Wharges.
Godowns, etc,
H.K. & K. Wharves Providanta
Providents (new) .... H.K. & W. Dock..
Do. (now)
2014 Shanghai Docks 8.
$6.70 New Engineerings B.
Mining
事
17/0 Kazanı
$3.65 Rauba
$3 Vanezuela Gold Fida
$4.30
$100 $4.30/.40
++
+2
::
$1.30
$483 $180
230
$20
81/3 $3.40
SPOT
JULY-SEPT.
#100
OCT.-DEC.
$4.15/35
016
"
$101
17/ 38.55
$3
4 cta Hong Kong Min ... Lands, Hotels and
Buildings
H.K. Hotela
35.YO $321
$5.20
H.K. Lands
$33
...,8.
$33
#104 Do. 4% Debentures
Lands 9.
$3.90
$8.40 Shanghai
H.K. Realtias
98.66 Humphreys an
8109 Chinesa Estates
Cotton Mills
$19.80 Ewo (8.)
$105 S'bal Cottons (8.) ...
انی
Peak Trams fold)
$12
Macao Electrica ......
#22 Telephones (old) ...... 3214
ོ་
Miscellaneous
Lane Crawforda......
Nanyang Tobacco
Maramana Inv. (Lon.)
Marsmans Inv. (HK)
Wm. Powell.
2.
:
$1.4
34.10
S
$1
MONDAY, APRIL 24, 1939.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
#1.
(FROM PAYNE & CO.)
"
New York. April 12, 1939.
$30
Zoong Sings (8.).
$19.90 $107 992
$40
Wing On Textiles (8.)
48
SINGAPORE RUBBER
*
April 22 April 21 buyers sellers buyers sellers
27-1/8 27-3/8 27-1/8 27-3/8 27-1/4 27-1/3
change
27-1/4 27-1/2
up 1/8
27-1/4 27-1/2 27-3/8 27-5/8
*
The market opened with prices unchanged for all deliveries - as compared with Friday's closing quotations.
Very quiet conditions prevailed throughout the session. Dealers and speculators were disinclined to operate in view of the uncer- tainties, still surrounding the European political situation. Also May liqüidation as well as the possibility of an increase in quota for the third quarter of this year exercised a restraining influence upon activity.
It is, however, a reassuring fact that demand for "spot" Rubber is fair and that substantial buying for near deliveries by consumers American develops on easiness. Indication of a sustained good consumption is again provided by a fair Increase in Motorcar-pro- duction for last week.
In view of these facts higher markets may be confidently ex- pected pending clarification of prevailing uncertainties.
Late in the session prices for forward deliveries registered a slight advance of 1/8 cent on some buying for trads account, the market closing with a quiet but steady undertone.
LONDON RUBBER
Public Utilities
$161
[#10.10/1
♪ ■
Tramways
#16
$16
$3
*N
Peak Trams (Dew)
14
BAD
Star Ferries
SPOT
Previous close"
buyers
7-15/16 .8
TBE
$25
Last Sale
Ymsti Ferries (())
$24
Dp. (Daw)
U.D. UD.
JULY-SEPT,
OCT.-DEC.
Apt. 22
18.30
China Lights (0)
38.40/1.50
JAN.-MARCH.
61
25.15
thina Lights (New)
351
714
Chink Lights Ris
8531
H.K. Electrics
54
317
31
Bandakan Lights.....
25
17
Talephones (new) ... $7
394
22/0
Traction
22/-
29/0
Tractions (praf.)
Industrials
34
$14
Cald., Macg. (Ord.) S.
92
$18
Cald., Macg. (Fref.) 8.
93.
81
Chaton Ico
813)
442
3121
$12.90
Camenta
154
$3.60 Bopes
$3.60
24)
111
$20
$20!
Dairy Farms BL. Ku
321
$143
Dairy Farin Kts.
$15
216
Ch. E'tainments
$3,40
$0.65
74
Constructions
(old)
·$11
B0*
Constructions
(DSW)
19
$8.
81
84
14
$1.50 Sinceres
$1.80
Market quiet.
B-1/8
8-1/16 8-1/8 8-1/8 8-1/4 8-178" 8-1/4 8-3/18 8-5/10 8-3/16 8-5/16
NEW YORK COTTON
There was a better tone in the market at. to-day's opening. Prices advanced on new buying and demand from the trade. How- ever, news generally was featureless, and price fluctuations were confined. to very narrow range. The market was inclined to ease off slightly towards the close, although, most of the prices reinained at the day's highest levels.
NEW YORK RUBBER
"}
The market opened easy, and prices moved slightly lower due to lack of demand and scattered profit-taking. However, the trade showed little more interest, and the market closed with a better
tone.
CHICAGO WHEAT
The market was steady. and there was good demand and also, covering by short interests. The other favourable factor, which helped the improvement in prices, was the steadiness of the Liver- pool and Winnipeg markets,
To-day'a slose
7-15/18 8
8-1/18
sellers buyers sellers change
unch.
61
$73
Watama
$.80
...
14
82. Ch. 0.5% 1925G.$Bdı.
62410
213
312pm
Co
H.K. Govt. 1% Loans
$1031
Dow Jones Industrial Averages
Previous close 128.71
To-day's
close
Change 128.55 off .16
81
par.
H.K. Gort. 31% Loa
$100
"842
301
B.K Wing Om
S'hal Wing Oa
437
#7
Vibro Piling........
3
13 14
81
0/0
174
$1
314
Sales to Shanghai-
33+
341
Shanghai, Apr. 22 (Reuter).
Case, JI.....
Pullman Inc.
Opening
201
Celanese
16+
Pure C
LONDON
STOCK
EXCHANGE
74
London
0/8"
Chesapeake & Ohio'
314
Radio Corpn. of Am.
61
New York
15-5/8
Chrysler Corpn.".
621
Republic Steel-
Japan
Paris
56-7/8 5.48
15%
(REUTER'S SERVICE)
Columbla Gas & El.
睡
Reynold Tobac. “B”
New York Cotton, July
387
London, April 21.
New York Rubber, May
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
8. E. Levy & Company)
Prov. To-day's High Low Close Close Change 7.87 7.91 204 up 15.79. 15.73 Ae off
7.91 7.88
15,78
15.73
Columbia % "A" pr.
82 *
Richfeld 01
Hongkong
53-3/8
77
Commercial
Safeway Stores
324
Open Market-Selling Rates
Commonwealth & 8, (ord.)
11
Schenley Distillers
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 Hides, June
9.85
9.81 9:80b 9.85 .05 up
Sterling
C'wealth & 8. 8% cum pf.
53
Schenley, 51% pfd,
£
£
Chicago Wheat, May Chicago Corn, May iWnnipeg Wheat. May
Opening
Closing
Consolidated Edison
30
Sears Roebuck
663
Spot
0/8-1/4
0/8-1/4
Consolidated. Oll
71
Seversky Aircraft
War Loan, 31%
(Red.
41
April
0/8-1/4 0/8-1/4
Continental Can
361*
Shell Union 01.....
114
May
0/8-15/64 0/8-15/64 Continental Oil
231
Socony-Vacuum Cl
after 1052) Canton-K'loom Bly. -5%
937
117
June
0/8-15/64 0/8-15/64 Corn Products
56
Southern Pacific g
1898 (Brit. Issue).
191
122
Curtiss Wright '(C.)
Chinese 11% Gold Loan 65
51
Southern Rly $5 pfd.
191
U.S. Dollars
Chinese 5% Gold Bonds,
Curtiss Weight "A"
221
Sperry
397
*Spot
$18-1/16 $16-1/18
Deere & Co.
174
Standard Brands
April
May
June
16-1/16
16-1/32 16
16-1/16
Distillers Corpn. Seagrams
161.
Stand Gas & Elec.
.20
-18-1/32
.16
Douglas Aircraft
60
Standard Oil of California
Du Pont de Nemours
139
Standard On of N.J.
1925-47
Chin. 4% Anglo-French
Ecan, 1908
Chinese 5% Crisp Loan,
57
460
Market:- Qulet but steady.
Merchant Rates
Sterling, 4/8-7/32.
Dollars, $14.
Silver Duty Bata
The Central Bank of China's rate on London at 10 am. to-day
was 1/2-1/2d; unchanged from yesterday.
The Equalisation rate was not Gen. Electric quoted..
Gen. Motors
Calcutta Exchange
Calcutt, Apr. 22 (Reuter). T.T. on Japan, 78-1/2.
India Rupee Paper
Bombay, Apr. 22 (Reuter): Govt. 31% Rupee) 93-01-0.
New York Exchange
New York, Apr. 2 (Beuter).
T.T. on London (Opening Rate),
4.68.
Eagic Picher Lead .....
1912
351
81*
Stone & Webster
101
Chinese 5% Rear Loan,
Eaton Mfg. Co..
191
Swift International
272
1913 (Ldn. I.)
Elec. Autolite
271-
Technicolor
17^
Chinese 5% Ster. "Notes,
Elec. Bond & Share ..................
8
Texas Corpri.
Elec. Bond & Share $5 pf.
371
1925 (Vickers)
17
Texes Gulf Sulphur
281
Elec. Bond & Share $6 pf. Elec. Power & Light $7 pt. Flintkotę.........
83
Chin. Imperial Rly. 5%.
Trans-America Co.
Loan
85
24+
20th Cent. Fox,.....
181
Honan Rly, 5%
21"
19
2011 Cent. Fox. $14 pf.
Food Machinery Corp.
21**
Union Carbide & Carbon
יי
Gen. American Trans,
421
Union Pacific
871*
341
United Aircraft
*35
411
United Airlines Trans.
10
Gen. Railway Signal Glidden Co.
18+
Hukuang Rly, 6% 1911
Hukuang Rly, 5%, 1911
(German Issue) ........
-Lung Tsing & U. Hai Rly.
5%......
22
United Corpn.
21
United, Corpn. # cum. pl.
Bhe Nking Ray 5
321
Tientsin-Pukow Kly. 5%-
Goodrich (B.F.)· Goodrich $5 DL. Goodyear Tire & Co. Great Northern Iron Ore
151
United Gas Corpn.
21
"61
United Gas Emprovement
241
08. Rubber
35***
13:
US. Rubber $8 pid.
04
Great "Northern Rly, pfd.
19
U.S. Steel
476
Great Western Bogar Greyhound Corpn. Hecker Producta”.......
26
Vanadium
19
17
Warner Bros. Pict
44
(Brit. Stpd.)
Tientsin-Pukow Rij. 6%
(German Stpd.) Tientsin-Fukow Bly, 5%
(Brit. Stpd. Supl. Loan) 174 Tientsin-Pukow Rly. 6%. (Ger. Stöd, Bupl. Loan) 171⁄2
10
Westinghouse Kles.
891
Homestake Mining
Woodward Iron Cor..
18+
Jap. 5% Bier. Loan, 1907 344 Jap, 8% Ster. Loan, 1924 404
Industrial Rayon
194
International Harvester Int. Nickel
554
Chase National Bank National City Bank
·301*
231*
der. 7% Intl. Loan, 1924. 314- Chartered Bank
151
~bid.
1939
LONDON GOLD
London, Apr. 22 (Reuter).
Dar Gold, Fine, per oz, 148/64. Dollar Parity, id. premium.
High Low Dow Jones Avorag 15485 121.44 30 Industrials
34.33, 34.14.90 "Haile"
-26.52 | 20.71 90 Utilizes
D2.23 - 87.09. 40° Bonds
88.03
13.11 16.59 11 Jonmodity Index 47,08
Business Done:-150,000 shared
i-cz. div. DOW JONES AVERAGE
H.K., & Shal Bank (Col
Hog.)
Chinese Eng. & Mining:
(bearer) July
Apr. 23, 1922. Apr, 21, H26 Low Close Chadze 128.71 130.01 128.89 128.53 118 off
25,76 25.81:25,73 26.78 -0% off Chosen : Corporation 29.37 32.87 92.28 3.29 08 of Pekin Byndicate
88.18,10 up Shai ac. Constr 47.99 14 up ghat Water
HK & Shai Bank (Ldn.
Reg.)
25
18 3 3 3 2 = *** 3 * = = = z § § komed
Union Insurance Gula Kalumpong Rubber 18/3 Allied Ironfounders 18/3 Asso, & Elec. Industries 37/7 Austin Motors; ord..... 30. Cable & Wireless, New
301*
691 691 691 691 tup 49$ 49.. 49% 491 61+ 61
NEW YORK COTTON Close Opening
"off
61
611
tap
Closing
Change
May
8.17/17
8.12/13
8.13/14
.03 of
July
*1.87/87
7.89/90.
7.99/91
04 off
October
7.46/48
7.48/49
7.55/58
קט 10.
Form, ord...
42
December
7.37/37
7.41/41...
7.45/45
08 up
B.-A. Tob.. (bearer)
91/3
January
7.37/37
7.41/41
7.45 N.
08. up
Cammell Laird, "ord.
T/9
March
7.49/43
7.46/46
7.51/62
.09 up
Mexican Eagle
17
Spot
8.87 N
8.83. N
..04 off
Courtaulds
Distillera
501
Dunlop Rubber
B9 24/9
May
September
20/11
December
Gen. Electric (England) 76/71 Guinness (A) Bon & Co. 101 Hawker Siddeley Air. 28/71 Bristol Aeroplane
The First Notice Day for cotton is April 25 and the last Day is May 16.
NEW YORK BUBBER
201
Imperial Chemical Ind Imperial Tobacco. Marks & Sp'cer "A" ord. 58/11 Rolls Royce
28/3
March ...
15,79/79 15.72/72
15.72/73
15.79/79
15.90/98
..06 off 15.84b/87a. 04 of
15.89/89
15.90/90
15.94 N
15.87b/88 ** .01 off 15.95 N 01 up
124/44
The First Notice Day for May rubber is April 27 and the last Day is May last.
103/11
To-day's Bales :----1,030 tons.
Leyland Motors
86/3
Tate & Lyle...
59/101
254
Turner & Newall
May
75/8-
United Steel
171
Smethwick Drop Fork.... 15/9
July ..... 23/3
September
Armstrong Stevens, ard, 7/6
174
CHICAGO WHEAT 694/691 691/601 68/577 071/877 684/681 Friday's Sales: 4,974,000 bushels.
091/091 681/68)
68//68/
BB B,
Fressed Steel, com. Vickers, ord.
18/41
20/3
Woolworths
60
May
401/491
Anglo-Dutch
23/3
Rub. Plant. Invest. Trust 24/3 Burma Corporation Commonwealth Mining 1 Marsman Investments.
July September
504/501
511/512
CHICAGO CORN
50+/50+ 511/51+
497/4912049/491 -
501/500 51/51
off
8/1
WINNIPEG WHEAT
May
61/81
13/1}
July
621/621
813/01
813/811 621/621 627/821
Randfontein Estates
35/3.
October
631/831
63/631
Western Holdings
9/71
80+
NEW YORK HIDES: (New Contracts)
Bub-Nigel
301/6
821
Tanami Gold Mining.. Anglo-Iranian
31.
Jane
9.80 B
80/71
September
10.16/19
9.85/85 10.12/15
9.85/85
UD
10.20720
201 up
Burmah
77/0
Shell Trans, & Trad
NY Bulver, Ofciaf... 42-3/4 NY-London Cross Rate 4.68.
unquoted. 4.68-1/16
(bearer)
81/3
*Nominal.
September
NEW YORK-STRAITS ZIM
47.05 N
47.10b/768 47.300/558