STOCKS
PAGE 12-HUNGKONG" DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS | Loridon Exchange
APRIL 27. 1939
On London:
Telegraphic Transfer. 1/3 31/32 Bank Bills, on demand/9 21/32 Credits 4 months' sight 1/2 31/31
On Abangbal:-
On demand
London, April 7 (BWB), Closing mean rates.
Paris, 178-47/84. New York, 4.881.
Montreal, 4.709. Brussels, 27.701. Genva, 20.84).
SILVER MARKET
LONDON SILVER
London, April 26 (Reuter), Silver-Occasional buyers at the small. Market rate, Oxerings duletly steady. In the afternoon. the market was quietly steady, with
sellers at 1/18 over,
176 1/2
Amsterdam, 7.791.
On Singapore:-
Berlin, 11.67.
On demand
58 1/2
Milan, 89.
On Japan:-
Stockholm, 19.41,"
On demand
104
3/4
On India:-
Telegraphic Transfer. 181 38
and demand
Un New York:-
Jo
Bank Bills, on demand :8 98 Credits, 60 days' sight 1/18
On Batavia-
On demand
On Paris:-
1
"
.
53 9/16
Bank Billa, on demand 178
Credits 4 months' sight 1120
Un Saigon
On demand
Buenos Aires, 20.204.
Other rates were unchanged."
India Rupee Paper
Bombay, April 28 (Reuter). Govt. 31% Rupes, 92-10-6.
New York Exchange
New York, Apr. 26 (Reuter) T.T. en London (Opening Rate).
197 1/2 4.58-3/16.
On Manila:-
On demand
37 3/8
On Bangkot
On demand
151 5/8
Sterling Notes:--
Bar Silver per oz.
Bank Buying Rate: 27/31
Market Report
FROM ROZA BROS
20 1/18
Silver prices were unchanged yesterday, the quotations remain- ing at 20 1/16 for Ready and 19 7/8 for Forward. Silver advices reported a small Indian demand. The market was steady. American Sliver was quoted at 42 3/4 for Spot.
The London-New York cruss- rate was quoted at 468.12. New York-London was quoted at 469 1/8.
Calcutta Exchange
Calcutta, April 28 (Reuter). T.T. on Japan. 78-1/2.
LONDON GOLD
London, April 26 (Reuter). Bar Gold, Fine per oz., 148/8. Dollar Prity. 1/2d. Fremium.
Spot, 20-1/16d.
Forward, 19-7/Bd.
NEW YORK SILVER
New York, Apr. 26 (Reuter Official Price, 42-3/4.
BOMBAY SILVER
Bombay, April 26 (Reuter).
Market Quiet.
Oftake 50 bars
Indian Mint Silver
Ready
52-13
May 13 Settlement June 15 Settlement
52-12 52-11
RESERVE BANK OF INDIA STATEMENT Calcutta, April 26. (Reuter).
Apr. 14 Apr. 21 Notes in circulation (Including Notes held in the Bank- ing Department)... 20,684 20,884 Rupee Coin and Bul-
lion in India Gold Coin and Bul-
lion in India Securities (Indian
Government Securities (Indian
Government)
......
NEW YORK STOCK EXCHANGE
QUOTATION
STOCK EXCHANGE
Buyer Sellers Balus
Xonsinal}
THURSDAY 27.Į
Bayar Bellar Bade femina
APR.
FINANCE
HONGKONG SHARE QUOTATIONS
"SHAREBROKERS, ASSOCIATION
$1355
EN
237
£13
$90
$455
11
i i
Banks
H.K. Banks
Do. (Col. Beg.) ...
Do. (Lon. Bag.) Chartered Back Kercantile Bh. "A" Mercantile Bk “C” Bank of Beat- Anim N, C. & 8. Broks ... insurances
***
$380 Lanton Insarsacis ..." Union. InsuPRDONS ***
$1.30 Underwriters "No
$180 |HA, Firma
Shippler
Douglass.........
$16 8teamboata
ox div. 366
360
Indo-Chinas
134
80/0
Ishells.
$100
$161
Indo-Chinas (Dat.)...
88,40 Waterbosta ........................
Docks, Wharves, Godowns, etc."
LK. & K. Wharves
$4.60 | Providenta
Providenta (W)
{H.K. & W. Docka...
Do. (now)
$100 Shanghai Dock 8.
$6.70 New Engineerings B.
17/6 Kailan
$2.15 Raubs
$3
Mining
Venezuela Gold Fida
cu, Hong Kong Mines.... Lands, Hotels and Bulldur s
7,062 6,503
4,154
3.229 3,729
4,154
$5.40
$32.80
$104 Do. 4% Debentures
5.950 5.950
H.X. Hotels
'H.K. Lands
$1378
PSA
..
£44
(67)
213
$80
COMMODITY
粉彩
11.30
$440
196
$66
X.D.
$16
(Pref.)
$30
021
X.D.
FRIDAY, APRIL 28, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE, BUILDING
HONGKONG
MARKET REVIEW
(FROM PAYNE & CO.).
18
$16
!!!!
80/0
$8.40
SPOT
JULY-SEPT.
3100
OCT-DEC
$4,80
New York, April 28, 1939.
SINGAPORE RUBBER
April 25
April 25
buyers
sellers
buyers - sellers
change
26-7/8
27-1/8
27-3/8 27-5/8
27-1/4
37-3/8' 27-5/8
27-1/8
27-3/8
up 1/2 up 3/8 27-1/9 27-374 up 3/8
8101
17
38.55 $3
The market opened 1/8 of a cent higher for all deliveries as compared with Tuesday's closing quotations.
Steady conditions prevailed throughout the session due to a bet. ter demand for 'actuals" from consuming centres, particularly from New York. Also fair enquiries for futures by dealers and speculators were in evidence. However, the volume of business was restricted die to the reserved attitude of sellers.
Late in the afternoon the market became slightly quieter, closing with a quiet, but steady undertone....
$3.40 Shanghai Landa S.
H.K. Remities
38.85 Humphreys
8109 Chinese Estates
Cotton Mills
$20 40 Ewn (8.)
#107 8'hal Cottons (8.)
$20.40
8107
$30 Zoong Bings (8.)
$29)
$40 Wing On Textiles (8.)'
$18]
Public Utilities
816.10
Tramways
$16.40
$
Peak Trams (old)
39
Last Sale
Sterling
Market
but subsequently Adams Express Opened easy reacted, closing on the steady alde. Alleghany Steel Co.
Allied Stores
APRIL 27, 1939 STOCKS
24
Peak Trams (new)
14
Apr. 26
18
Int. Tel &Tel.
101
Johns Manville
Last Sale Ápr. 26
73
365 Star Ferri
་་་
$8.20 $8.40 #5.20
7
at
Business was done shortly after Allis Chalmers the opening
¡J. & Laughlin Steel $7 pfd. 383*
321
1/2.23/32 for Amerada Corps, ren September followed by transactions Amer. Can.......
Kennebott Co,per
317
864)
62)
Libbey-Owens-Ford
Glass 403
$18}
871
Lockheed Aircraft
23
***
at the same rate for July, June and Amer. & Foreign Fower May. The market then reacted Ameri & Foreign $7 pi.... and towards lunch time 1/2.23/32 American Gas & Elec. was done for November delivery. Amer. Locomotive. The market closed at 1 pm, with Amer. Metals Co. sellers at 1/2.23/32 Cash-October. Amer. Radiator... ...possibly November and 1/2.11/16 | Amer. Rolling. Mill
21
Loew's Inc.
394
141*
Manhattan Shirt Co
32}
Martin, Glen L
323
171
McKesson, Robbins
12
ex.div. $22.00 Y'mati Farris
Do. (new) China Lights (0) China Lights (New) China Lighta Rix. H.K.. Electries Macão Elscuits $12 Sandakan Lighta $23 Telephone (old) 87 Telephones (new) 21/0 Tractions 91/0Tractions (praf.) Industrials
822.00 X.D.
168
$34
$8.40
$35
$211
221-
272*
Monsanto Chemical
011
12
Montgomery Ward
441..
ོ་ཚ
138
Cat. Dairy Products
141
Shanghai Dollars
December,"buyers at" 1/2.3/4 for Amer. S'ting and Ring Col Cash/November and possibly, 1/2. Amer. Sugar Ring 23/32 December.
U.S. Dollars
Baltimore & Ohio
Business was reported early in the morning at 28 11/16 for April 'delivery. Later 28 3/4 was also Atchison, T. & 8. Fe. arranged fc: cash. The market Auburn Motors....". elosed at 1 pmi, with possible sellers at 28 3/4 for cash, 28 11/16 May. 28 5/8 June, 28 9/18 July, 28 1/2 August and 28 7/18 September. buyers at 28 13/16 for cash, 28 3/4 first half of May, 28 11/16 June. 28 5/8 July and 28 9/16 August Septeinber.
Sellers at 178 5/8,-
Shanghai Market-
Sterling, 8.1/4 and US. Dollars 16.1/16.
Afternoon Market
Steady but quiet.
Barber Asphalt Co Barnsdall Ol Sendix Aviation Bethlehem Steel
401
Nat. Distillers
241
172
National Gypsum
11
Amer. Tel. & Tel
1591
National Load .:.
201
Amer. Tobacco "B" Amer. Waterworks
80%
Nat Power & Light
$15
71
91
National Steel Qurp.
88
59
811
Anaconda- Copper
231
Nat. Supply Corpn.
8"
262
New York Central
14
19
Niagara Hudson Power
81
5
N. American Aviation ......
137
$1.80 Sinceros
13
North American Co.
21+
137
Northern Pacific
81
207
Pacific Gas & Elec.
30
31%p
par.
7.pm
557
Pacific Lighting
45
Boeing Airplane Co.
21
Packard Motors
31
Borg-Warner
22a
Paramount Pictures
61
Biggs M'facturing
10
Pennsylvania RR.
13/9
171
Brooklyn-M'hattan Trana.
114
Phelps-Dodge
Б/0
314
81
B'klyn-M'hattan $6 cum pt.
38.
Phillips Petroleum
342
Canadian Pacific R'way."
37
Public Service at NJ.
34
Case, JL. ...............
70
Pullman Inc.
201
Celanese
-181
Pure Of...
73
Chesapeake & Ohle
311
Radio Corpri. of Am.
83.60 Ropes
Miscellaneous
$301 Dairy Farms Eav Ein
Dairy Farm Bts.
Ch. B'tainments...
Constructions (old)
Constructions (new)
Lans Crawfords
Nanyang Tob:00
87 Watsons
62, Ch. 0.5% 19250 Eds.
H.K. Govt. 4% ROMA |H.E, Govt. &% Loan
842 H.K. Wing On
'hai Wing On ...... Vibro Piling... Maramans Inv. (Lon.) Maramans Inv. (H.K.) Wm. Powells
#Sales to Shanghai
LONDON STOCK EXCHANGE
833)
$104
18
8 POT
JULY-SEPT.
OCT.-DEC.
JAN.-MARCH
LONDON RUBBER
Previous close...
buyers sellers
7-7/8 8-1/18 8-1/8
To-day's close buyers sellers
8
7-15/16 8 8-1/8 8-1/16 8-1/8 -1/4 8-1/8 8-1/4
8-3/16 8-5/16 8-3/16 8-5/16
Market steady but idle.
NEW YORK COTTON
change
up 1/16 unch.
A rally in the market was in evidence at the opening: Prices advanced on trade and Bombay buying. Wall Street also bought, and there was some covering by short interests. The market was on the whole very active with a strong tone prevailing throughout the day Growing opposition to the Administration's Subsidy Plan was still a factor.
NEW YORK RUBBER
The tone of the market at the opening was steady, and continu- ed to improve on fair trade buying.
CHICAGO WHEAT.
Weather conditions continued to play an important factor to the . market, as some short-covering was noticed to-day. Prices moved in narrow range and advanced slightly from yesterday's closing.
Previous To-day's
close. 127.36
$14
Cald., Macg. (Ord.) 8.
$13
Cald:, Macg. (Fref.) S.
Canton Ico
$1
$13 Cementa
$127
$3.60
321
Dow Jones Industrial Averages
close Change 128.58 up 1.20
18
84
$1.80
N. Y. Commodity Market
62%
B1031
$100
41
146
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Chrysler Corpn.
635
Republic Stee!
Columbla Gas & El
"
.151
1.6
Reynold Tobac. “B”
Chicago Wheat, Chicago Corn, IWnnipeg Wheat, May
NEW YORK COTTON
381
(BEUTEK'S SERVICE)
Sterling
Columbia 6% "A" pl.
83 *
Richfeld On
72.
London, April 26.
Nothing doing. The
market Commercial
431
Bateway Stores
322
closed with sellers at 1/2.23/32. Commonwealth & 8. (ord.) April/October and 1/2.11/16 Nov-Cwealth & S. 8% cum pr. ember/December, buyers at 1/2.3/4 Consolidated Edison........ Cash/November and 1/223/32 Consolidated Onl December,
11
Schenley Distillers
Schenley, 54% pfd.
The following quotations arp 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 tranmmission.
May
July
304
Sears Roebuck
October
681
Q
་་"
74
Seversky Aircraft
B.
December
"U.S. Dollars
Continental Can Continental Oil
361
Shell Union Oil
War Loan, 34% (Red.
11+
23
Bocopy-Vacuum Oll
112
28 5/8 June, 38 9/16 July, 28 1/2 Curtiss Wright "A" August and 28 7/16 September, Deere & C
The market closed with sellers Corn Products
at 28 3/4 for cash, 28 11/16 May, Curtis Wright (C)
57
Bouthern Pacific
after 1952) Canton-Kloon Rly. 5%
912
Union Insurance Gula Kalumpong Rubber 18/101 Allied Ironfoundera
301*.
121
5
Southern Rly $5 pfd.
20
23
Брепу
"
-394"
171
Standard Brands
buyers at 28 13/16 for cash, 28 3/4 Distillers. Corpn. Beagrams first half of May, 28 11/16 June, Douglas Aircraft .......... 28.5/8 July and 28 9/16 August/Du Pont de Nemoura September.
Shanghal Dollars
Sellers at 178 5/8,
Shanghai Exchange
Shanghal Apr, 27 (Reuter).
Eagle Picher Lend
Eaton Mfg Co.
Elec. Autolit
187
Stand Gas & Elec.
58
Standard Oil of California
26
140.
Standard On of N.J.
457
8.
Stone & Webster
20
Swift International
27"
271
Technicolor
Elec, Bond & Share....
8
Texas Corpn.
37
Elec. Bond & Share $5 pf.
53.
Texes Gulf Sulphur
Elec. Bond & Share $6 pl.
62)
Opening
Elec. Power & Light $7 pt. Flintkote
25
Trans-America Co 20th Cent, Fox.
19.
London
New York
Japan
Paris
0/B
Food Machinery Corp.
227
20th Cent, Fox. $14 pt. Union Carbide & Carbon
29
72
15-5/8
Gen American Trans.
421
Union Pacific ........
56-7/8 5.48
Gen. Electric......
349
United Aircraft
34
Chen. Motors
411
United "Airlines Trans.
Hongkong
Open Market-Selling Rates Sterling
0/8-1/4 Spot 0/8-1/4
0/8-1/4 Aprli May....... 0/8-15/04 0/8-15/64
0/8-1/4
53-3/8
Gen, Railway Signal
18.
United Corpn.
Glidden Co.
154
United, Corpn. 3 cum pl. 32
Goodrich (B.F)
16
United Gas Corpn.
Opening Closing
Goodrich $5 pf.
60
United Cas· Improvement.
Goodyear Tire & Co.
251
US. Rubber
Great Northern Iron Ore
12
U.S. Rubber $8 pfd.
Great Northern Rly, pia.
19
U.S. Steel
June
4/8-77/32 0/8-7/32 U.S. Dollars
Great Western Sugar
25
Vanadium
19
Greyhound Corpa -
161
Warner Bros. Pict.
Spot
April
May
16-1/16 16-1/32 16
$16-1/16 $16-1/16 -18-1/16 16-1/32
Flecker Products.......
10
Homestake Mining
64
Westinghouse Hec.
Woodward Iron Cor.
Industrial Rayon
10
June
Market:-Quiet.
15-31/32 International Harvester
Int, Mickel
541
Chase National Bank. National City Bank
***ZE BROERS850 * * * * *
1898 (Brit. Issue)............ · 10. Chinese 41% Gold Loan Chinese 5% Gold Bonds,
1925-47
65
18/41 Asso, & Elec. Industries 37/104 Austin "Motors, ord.
January March Spot
High
Prev. To-day's Low Close Close Change
New York Cotton, July New York Rubber, May New York Hides, June
8:15
8.02 8.02
8.15 13 up.
15.80
15.70 15.72
.15.781 .06 up
10.05
9.81 8.69a 10.028 33 up
May
70
691 894 691
it up
May..........
481
484
481
-481
unch.
62
618 617
617
* up
Close Opening Closing
Change
8.27/27
8.34/34
8.38/38
.11 up
8.02/02 - 8.10/11
8.14/15
13 up
7.70/70
-7.75/75
7.81/81
.11 up
1.60/60
7.68/65
7.71/71
11 up
7.59 N
7.85/65
7.70/70
:11 up
M
7.59/59
7.88/68
7.70 N
11 up
8.94 N
9,09 N
.15 up
29/41
621
Cable & Wireless, New
Form, ord.
The First Notice Day, for cotton is April 25 and the last Day is May 16.
422
03
Chin 44% Anglo-French
Loan, 1908
FESTAS
B.-A. Tob. (bearer)
93/11
Chinese 5% Crisp Loan,
Cammell Laird, ord. ... Mexican Eagle
7/71
May
7/3
104
1912
Chinese 5% Reorg. Loan,
167
1913 (Lan. 18.)
381
1925 (Vickers)
191
Honan Rly 5%
B31
111
354
941
481
914
18*
201*
23*
45-1
Merchant Rates
bid
tex. dlv.
Sterling, 0/8-7/32. Dollars, $16.
137,38
34.33 24:14 90 Baile
25.09
26.53 20.71 0 Utilities:
22.18
$8.09
48.13 45.59 11 Commodity Index 4749
Silver Duty Rate
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 5-1/4 per cent.
1939
DOW JONES" AVERAGE
High Low Dow Jones Averagem, Apr, 25, 16485 191.44: 30 Industrials
* 92,12": "87.06. 40-Bonda
Apr. 27, 1939, High Low Close Change
199.06 128,44 128,58 1.30 up 26.99 ---25,35, -25.78.5.19 up 22.75 2185 22:15 09 CH 88,07.01:off 47.79.49 up
› Businem Donez-580,000 plures, an
Chinese 5% Ster. Notes,
Chin. Imperial Rly, 5%
Loan
Hukuang Rly. 5%, 1911. 22
Hukuang Rly. 5%, 111
(German Issue)
"Lung Tsing & U. Hai Rly.
5% a S'hal-N'king Rly. 5%25 Tientsin-Pukow Kly. 5%
(Brit. Stpd.) Tientsin-Pukow Riy. 5%
(German 8tpd.)...... Tientsin-Paków Rly, 5%
(Brit. Stpd. Supl. Loan) 174 Tientsin-PukowRly. 6%
(Ger. Stpd. Supl Loan) 17 Jap. 6% Bler. Loan, 1907 334 Jap. 6% Ster, Loan, 1924 39 Ger. ?%-Intl. Loan, 1924 317. Chartered Bank...
HK & B'hal Bank (Ida.
Reg.)
HK. & S'hai Bank (Col
Reg.)
Chinese Eng, & Mining
(hearer)
LANÁM
Chosen Corporation.. Pekin Syndicaté What Meo Constr. Co...
Gen. Electric (England) 77/14 Guinness (A) Bon & Co. Hawker Siddeley Airc... 18/441] Bristol Aeroplane
Western Holdings- Sub-Nigel
Tanami Gold Mining.
Anglo-Iranian
Burmah
Shell Trans.
(bearer)
"The First Notice Day for May rubber is April 27 and the last Day is May last.
NEW YORK HIDES: (New Contracts)
47.50 N
47.60b/90a47.75 N
ཚོ ྂ རྒྱུུ3#8ལྤ ུརྟ ཾ ཡཾགསབྷོ
Courtaulds
September
Distillers
Dunlop Rubber
23/101 89/5 24/8'
December
March
NEW YORK RUBBER
15,70/72 15.75/73 ∙15.89/89 15.87/87
15.92b/93a 15.90/91 15.95/95
15.05/95
15.98/98
15.76b/78a .06 up
unch. 15.89/89
.02 up 03 up
104-
"
To-day's Sales:-3,160 tons
20
Imperial Chemical Ind 28/9 Imperial Tobacco ... 123/14 Marks & Spicer "A" ord 57/71 Rolls Royce .....
CHICAGO WHEAT
May
601/191
691/691
891/691
102/6
July
691/691
691/69
893/69
Leyland Motors
704/708
Tate & Lylo
Turner & Newall United Steel........
60 70
29/6
CHICAGO CORN
Emethwick Drop Forg.... 15/9 Armstrong Stevens, ord. 7/6 Pressed Steel, com. 18/6 Vickers, ord.
May
July
Woolworths
Anglo-Dutch
20/3 59/71 23/44
September
Rub. Plant. Invest. Trust. 24/6 Burma Corporation
8/1†
May
Commonwealth Mining. 19
July
Marsman Investments.... 13/9
October
481/4817 481/48X 50/50₤ 50/50 501/50% 501/502
WINNIPEG WHEAT
614/611 611/612 621/624 628/623 637/64
184/484 501/501 51/51
unch.
611/613
83/63
841/641
Randfontein Estates"
35/6
10/6
208/99 3.
June
September
81/101 77/8
NY Silver, Official
& Trad.
80
Nominal
607/693 September...
Tuesday's Sales:-15,488,000 bushels
NY-London Cross Rate 468-1/8
NEW YORK-STRAITS TIN
9.68b/892 10:01/03
9.600/692 9.98b/10a
10.00/02 -
10.35/36
42-3/4
42-3/4
4.68-1/8