Y
STOCKS
Last Sale
APRIL 30, 1939
STOCKS
AUT .29
Adams Express ...
Ent. Tel. & Tel.
Last Bale Apr. 29
77
18.20 $8.40
Alleghany Steel Co.
18.
Johns Manville
GA**
Allied Stores
7
8541
Allis Chalmers
32
Kennecott Copper
31
Amerada Corps.
61
Libbey-Owens-Ford
Glass
41
88
Lockheed Aircraft
24+
21
Loew's Inc,
39 *
Manhattan Shirt Co.
33
Martin, Glen E......
331
171
McKesson, Robbins
114
28
Monsanto Chemical
92
112
Montgomery Ward
81
45
14
Cat Dairy Products
141
Nat. Distillers..
19
National Gypsum
11
1571
National Load
20
811
Nat, Power & Light
71
$31
91
National Steel Corp.
581*
231
Nat. Supply Corpn.ki
26}
New York Central
14
Niagara Hudson Power
61
51
[N. American' Aviation
14%
121*
North American Co.
211
134
Northern Pacifc
.81
Xpm
21
{Pache Gas & Elec.
par.
291
Bethlehem Steel
551
Pacific Lighting
45
PAGE 12-HONGKONG
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
MAY 1, 1939
On London:—
Telegraphic Transfer. 1/2 21/33 Bank Bills, on demand/2 $1/31 Credits 4 months' sight 1/2 1/39
On Shanghai:~~
On demand
On India:--
Telegraphic Transfer. 1 5/8
and demand. ...............................
On New York:-
DAILY PRESS
DAYLIGHT SAVING
May 1, 1939
Daylight Saving will be effective ‘as from to-day (May 1) in the United States.
All American markets will open and close one hour ear- fier.
Shanghai Exchange
Open Market-Selling Bates
On Singapore:-
On demand
2 1/2
Shanghal, May 1 (Reuter).
On Japan:-
On demand
* 4 3/4
'London
Opening
0/8
New York
15-5/8
Japan...
Paris
Hongkong
36-7/8 5.46 53-3/8
Bank Bills, on demand 28 9:18 Credits, 60 days' sight x9 1/16
Sterling
On Batavia:-
On demand
53 1/8
Spot
On Paris:-
May
Bank Bills, on demand 1578. Credits 4 months' sight 1120
June
July
Opening Closing 0/9-1/4 0/8-1/4 0/8-15/64 0/8-3/16 0/8-7/32 0/8-1/8
0/8-1/16
On Saigon
U.S. Dollars
On demand
107 1/2
Spot
$18-1/16
$15-1/18
On Manila:-
May
18-1/16
15-15/18
On demand. 37. 3/8
June
15-31/32
15-13/16
On Bangkok -
July
15-11/18
On demand
151 5/8
Market: Quiet.
Sterling Notes:-
Merchant Rates
Bank Buying Rate
Bar Silver per o
... 1/2 27/32
20 1/8
Sterling, 0/8-7/32. Dollars, $18.
Silver Duty Rate
Market Report
FROM BOZA BROS Silver prices dropped, 1/16 over the week-end for both deliveries, the quotations being 20 1/8 for Ready and 19., 15/18 for Forwärd. Silver advices reported the market as being steady. India bought to a small extent, Speculators sold American Silver was quoted at 42 3/4 for Spot.
The London/New York cross- rate was quoted at 468.12, New York/London was quoted at 488 1/8.
Market
Steady but quiet.
Sterling
A small business was done at .1.2.23/32 for December delivery. The market closed at 1 p.m. with small sellers at 1/2.3/4 for May June and 1/2.23/32 July/November, probably December, buyers at 1/2. 25/32 for cash/September and 1/2. 3/4 October-December.
|-
U.S. Dollars There were sellers at 28 3/4 Cash, 28 11/16 May/probably first half of June, 28 5/8 June, 28 9/16 July and 28 1/2 August, probably September, buyers at 28 13/16 for cash, 28 3/4 first half of June, 28 11/16 first half of July. 28 5/8 first half of August and 28 8/16 September.
Shanghai Dollars.
The Central Bank of China's rate on London at 10 am to-day was 1/2-1/2d, unchanged from Saturday.
H. K. STOCK
EXCHANGE
The uncertainty of the march of events in Europe continues to act as a brake on the market. Buyers will only trade on their own terans and to which, at present, Holders will not agree, preferring to remain in the back ground hoping for the best.
BUYERS
Union Ins., H440.
H.K. Docks, $164.
Providents, $4.
H. and S. Hotels, $5.20.
H.K, Tramways, $id..
China Lights (0), $8.20,
H.K. Electrics, $54.
Telephones (O), $21).
Canton Ices, $1. Entertainments, $8.
HK. Gort, 4% Loan $31% pm. MK. Govt. 34 % Loan par.
SELLERS
H.K. Tramways, $16.40, China Elghts (0), $8.40. China Lights (N), 354. Marsmans (H.K.), 5}~.
SALES
Hongkong Bank, $1360.
HK. Lands 4% Deb. 3100.
Cements, $12.90.
Manila Stock Exchange-Holl- day,..
HONGKONG.
SHAREBROKERS'
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
STOCK EXCHANGE
Bayer Ballera
Balen
No!!
MONDA
MAY.
I.
Burare | Balines
Soci
Bunke
:,༠· ༡ :མྦོf:སྤྱི:ཨིཎྜབྷྲ ཀྟེ :ད
!!!!!
1:14
ASSOCIATION | 132
Volume of Business Transacted
...on Monday, May 1, 1939. HK. Banks Landa
10 $1,360.00
150
32.50
+
China Lights (0)
500 100
12.70
The Equalisation rate was 54 per Cements cent.
NEW YORK STOCK EXCHANGE
Amet. Can
Amer. & Foreign Power
QUOTATION
Ameri & Foreign $7 pf.... 141* American Gas & Elec.
Amer. Locomotive
Amer. Metals Co.
Amer. Radiator
Tel.
Amer. Rolling Mill Amer. Sting and R'ing. Co.. 40% Amer. Sugar Ring Amer. Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & §, Fe. Auburn Motors Baltimore & Ohlo Barber Asphalt Co Barnsdall Oil ....... Bendix Aviation
8.40
J. & Laughlin Steel $7 pfd. 363*-
$16.20
#:
$12.70
$1360 E.K. Banka
Do. (Col Bag),
Do. (Lon Beg.).
#Marcantile Bka. "A"
Mercantils Blz. "O" Bank of East Aria ...
El Chartered Banks
£13
$80
N. C.& 6. Booki
Insurances
$230 Canton Insurances Union InarBDORE
$1.90 Underwriters $180 H.K. Pirms ......
$15 $80
$34
..: Shipping. Douglasaqsadid
Steamboat
Indo-Chinas
(Frat.)
Indo-Chinas (Del.)...
81/10) Shell
$8.40 Waterboats
Docks, Wharves,
Godowns, etc..
$87
$100 H.K. & E. Wharves $100 $4.30 Providants
Providente (DW)
41
$18 H.K. & W. Docks... $16
Do. ()
$98
Shanghai Docks B
16.00 New Engineerings 8.
W
17/6 Kailans
8. Raube
Mining
Yaneruala Gold Fld
ow Hong Kong Min .... Lands. Hotels and Buildings
$5.35 H.K. Hotals
H.K. Lands ......... $104 Do. 4% Debentures
#9.60 Bhanghai Landa 8. $4.90 |H.K. ̄_Realties
8.65 Humphraye........ $101 Chinese Estates
Cotton Mills
818 Ewo (9.)
$107 S'hal Cotions (8.) ...
$30 Zoong Sings (8.)
$40 Wing On Textiles (8.)
Public Utilities
R$
Tramways
Peak Trams (old) Poak Tram (DSW) ...
365 Star Farris
22.60Y'mati Ferriss
Do.. (new) China Lights (0) 16 China Lights (New)
China Lights Rrs. H.K. Electrics $18Macao Electrics $12 Sandakap Lights 323 Telephone (old) $7 Telephones (Dew) 20/ed. Tractions 22/0Tractions (pret.) Industrials $14Cald., Maeg. (Ord.) S. $19 Cald., Macg. (Fret.) 8.
Canton Ice
Cements
$3.60 Ropes
Miscellaneous
$20 Dairy
„TUESDAY, MAY 2, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY · MARKET REVIEW
$1375
£94
£71
ER!!
£13 $80
19:20
$1.30
8410
3180
#16
$50
$20
81/10
18.40
SPQ T
JULY-SEPT.
OCT-DEC.
1:
$101
16)
17/0 38.65
$3
3104
22/-
812.70
$3.60
$14)
(FROM PAYNE & CO.)
New York, April 29, 1939.
SINGAPORE RUBBER
April 28
buyers
sellers
་
27-1/2 27-3/4
27-5/8
27-3/4
27-7/8 23
April 29 buyers sellers
change
27-1/4-27-1/2 of 1/4 27-1/2 27-3/4 DAY 1/8
27-1/2 27-3/4; of 1/4
The market opened 1/8 of a cent lower for all deliveries as compared with Friday's closing quotations.
Herr Hitler's speech had a favourable reaction on the London and New York markets, but the price-advance in New York could "not be maintained due to lack of support and good part of the earlier gains were lost again during the session. These conditions were reflected in Singapore where the "market continued to rule quiet throughout the session, dealers and speculators preferring to await further developments in London and New York before enter- ing into new engagements on a larger scale.
It would appear that in "the near future the market will be-" come increasingly subject, to the uncertainties surrounding the de- cision of the LR.R. Committee with regard to the export-quota for July/September at their meeting on May 16th. In view of this situation the market is not expected to move substantially higher in the meantime unless unforeseen favourable developments" will off- set this depressing factor
"Closing, tone was dull.
Market idle.
LONDON BUBBER
Previous close buyers sellers
To-day's close buyers sellers
8 B-1/8 8-3/16 8-1/16 8-3/16" 8-5/16
7-15/16 8 8-1/16
B-1/4
8-3/16
change
af 1/16
8-3/18 8-1/4 unch 8-3/8 8-1/4 8-5/16
The average forecast of last week's stack of rubber in London and Liverpool shows a decrease of 750 tons.
NEW YORK COTTON
With lower opening prices, the market presented an easy ap- pearance. There was some selling and liquidation." The pending Washington Legislation created an atmosphere of uncertainty and the rumour that the Export Subsidy Plan would be strongly opposed was another disturbing factor.
ti
NEW YORK RUBBER
Awaiting the result of the "quota" meeting, traders remained on the sidelines. The market was dull and irregular,
CHICAGO WHEAT -
After an easy opening, the market became very steady due to continued buying and short-covering. which were prompted by fur- ther reports of unfavourable weather conditions in the South-West,
Previous
To-day's
$8
$20.10
ས
8107.
840
148)
$16.201 $16.40)
19
$4
SPOT JULY-SEFT, «
185
OCT.-DEC.
$22
JAN-MARCH
$6 20 $8.40
$6,40
$55
Farma Hx. Kia. $20
$149 Dairy Fanu Rts.
Ch. E'tainmanta
.:-i
*iii
**
$6.20
$5.35
$33) 8321 #31)
#
Constructions [old]
Constructions
(DOW)
38
Lane Crawforda
Nanyang Tobacco
$$ 84
$1.80
Sincerer
$1.80
871
Watsons
$8.90
Dow Jones Industrial Averages
close
close Change
128.38
128,45 up .07
637
Ch. G.5% 1925G $Bds.
03%
H.K. Govt. 4% Loans
8103)
H.K. Govt. S% Loap
$100
842
Sellers at 178 7/8.
Shanghal Market
Boeing Airplane Co.
211"
Packard Motors
31
$7
Borg-Warner
221
Paramount Pictures
14/0
8
Biggs M'facturing
191
Pennsylvania R.R.
171
5/0
Sellers of Sterling at 8.1/4 and Brooklyn-M’hattan Trana
101
Phelps-Dodge
312
16.1/16 for Spot.
B'klyn-M'hattan $6 cum pt.
37
Phillips Petroleum.
317
Canadian Paciile R'way.
31
Pubile Service of N.J.
34
Case, J.I.
Pullman Inc.
AFTERNOON MARKET
261
Celanese
16
Pure O........
The market was steady..
72
LONDON
STOCK
H.X. Wing OA
'bal Wing Ou ...... Vibro Piling.** Maramana Inv. (Loa.} Maramana Inv. (H.K.) Wm. Powella.......... to Shanghai
EXCHANGE
N. Y. Commodity Market
Chesapeake & Ohio
31
Radio Corpn. of Am.
01
vi
| Chrysler Corpn.
B41
Republic Steel
Sterling
15
Columbia Gas & El.
81
Reynold Tobac. "8"
(REUTER'S SERVICE)
381
New York Cotton, July
Business was done at 1/23/4 for Columbia 86% “A” pÍ. July and August and 1/2.23/32 Commercial
.834*
Richfeld Oi
London, April 28.
71
New York Rubber, May
424
Safeway Stores
334
December. The market closed with Commonwealth & 8. ford.) sellers at 1/23/4 May/August and C'wealth & 5. 6% cum pf. 1/2.23/32 September / December, Consolidated Edson
11
Schenley Distillera
311
Schenley, 54% pfds".
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, Jupa
(By Courtesy of Messrs. Swan, Culbertson & Fritz and..
8. E. Levy & Company)
New York, April 29, 1939.
Prev. To-day's High Low Close Close Change 8.19 8.12 8.20 8.14 06 off 15.79 15.75 15.858 15.798 .06 o
9.93 9.83
294
Bears Roebuck
Z
661
£
Chicago Wheat, May Chicago. Cozo. May iWnnipeg Wheat, May
$74
481
U.S. Dollars
Corn Products
at 28 3/4 May, 28 11/18 June, 28 Curtiss, Wright "A"
buyers at 1/2.25/32 Cash/October | Consolidated Ol
and 1/2.3/4 November/December.
Continental Oil
The market closed with sellers Curtiss Wright (C.)
74
Seversky Aircraft
33
Continental Can...
361
Shell Union Oil
Socony-Vacuum Oll
111
War Loan, 31 (Red.
after 1952) Canton-Kioon Rly." 5%
91-3/8
57
Southern Pacife ....
124
1888 (Belt Issue)........ 191.
6.
Southern Rly $5 pid.
197
Chinese 41% Gold Loan, 85
251
Sperry
408
Shanghai Dollars
5/8 July, 28 9/16 August and 28 Deere & Co.
1/2 September, buyers at 1/16 Distillers Corpn. Beagrams higher respectively.
Eagle Picher Lead
Business was done this afternoon Eaton Mfg. Co.
179 3/4. Elec. Autoilta
at 179 3/8, 179 1/2 and There were sellers at 179 5/8 at the close.
Shanghai Market Sterling, buyers at 8.7/32 for May and US. Dollars, buyers probably at 16 for May Easier;
171
Standard Brands
Chinese 5% Gold Bonds,
*1925-47
63
6
167
Stand Gas & Elec.
27*
Chin. 44% Anglo-French
Douglas Aircraft
Du Pont de Nemours
591
Standard Oll of Cakfornia
261
Loan, 1908
58
140
Standard® Oil of N.J.
45*
Chinese 5% Crisp Loan,
81
Stone & Webster
1912
101
20
Swift International
Chinese 5% Reorg, Loan,
201
Technicolor...
1913 (Lan. Is.).....
52
161
Elec. Bond & Share
Texas Corp. .............
37
Elec. Bond & Share $5 pt.
542
Texes Gulf Sulphur
Chinese 5% Ster. Notes,
1925 (Vickers)
17
214*
Elec. Bond & Share $6 pt.
85
| Trans-America Co.
51
Elec, Power & Light $7 pt. Flintkote
20th Cent. Fox....
191
Chin. Imperial Rly. 5%
Loan
183*
20th Cent. Fox. $13 pí.
Honan Rly. 5%
'21
Food Machinery Corp.
Union Carbide & Carbon
721
Hoknang Rly, 5%, 1911...: 204
Gen. American Trans.
44
Union Pacifle .........
Hukuang Rly. 5%, 1911
691
Gen. Electric........p
34
United Aircraft
(German Issue) 18
352
Gen. Motors
417
United Airlines Trans,
Lung Tsing & U. Hai Rly,
Gen. Rállway Signal
Glidden "Co.
Goodrich (B.F.)
NEW BANK IN SHANGHAI
Nervousness Apparent In Financial Circles SHANGHAI, May 1 (Router)- Some nervousness was apparent in local financial circles due to the
week-end reports of the opening of the new Huabsing Commercial Bank-a Sino-Japanese, concern, sponsored by the Reformed Gov- ernment..
The exchange rates are hitherto unchanged, but the forward rates are displaying a tendency to nar- row, while early dealings witnessed moderately heavy buying, gold bars and yarns both showing appre- clable. gains.
Goodrich $5 pi....
Goodyear Tire & Co.
Great Northern Iron Ore Great Western Sugar
Great Northern' Rly, 'pfd. 19
Greyhound Corpn. Hecker Products .... Homestake Mining Industrial Rayon
International Harvester Int. Nickel
*1938
tex div. DOW JONES AVERAGE
High Low Dow Jones Averagon, Apr. 29. High Low Clase
82.22 87,08 40. Bonda
151
United Corpn. '..
21
15+
United Corpn. $3 cum. pf. 321
157 United Gas Corpn.
2
United Gas Improvement
Bhai-N'king Rly, 5%........... 25 Tientsin-Pukow. Rly. 5%
(Brit. Stpd)
121
247
VA. Rubber
35,
17
121*
US. Rubber $3 pfd, jus
92
U.S. Steel
45%
Vanadium
181
17
Warner Bros. Pict.
21+
Westinghouse Elec.
88
64
Woodward Iron Cor.
16
19*
Jap. 6% Bter, Loan, 1924 41
55
Chase National Bank National City Bank
291*
221*
457"
Ger. 7% Intl Loan, 1924 34 Chartered Bank
-bid.
Reg.)
Apr. 80, 1833,
H.K. & S'hal Bank (Ldn.
HE, & Shái Baik (Col; -
Reg.)
84
ཡྰཤྩ ྂ ྃ; R ཤཱདདདདད་ཚོ
Union Insurance Gula Kalumpong Rubber 18/10) Allied Ironfounders... 18/71 Asso, & Elec Industries 38/1 Austin Motors, ord. ...... 30 Cable & Wireless," New
Form, ord.....
301*
NEW YORK COTTON
Close
May
July
8.45/45
B.41/40
471 481
637,162 1634 14631
Opening Closing Change
8:38/38 .07 of
9.90
9.98 08 up
724 731781 up-
1.off
unch.
8.20/20
8.17/18
8.12/14
.06. oft
October
178. N
7.78/78
- 7.69/69
.09 off
B.-A. Tob. (bearer) Cammell Laird, ord.
43 03/9
December
7.87/88
7.66/80
7.58/58
.10 of
January
1.66 N
7.65b/66a
7.56/58
.10 of
7/8
March
..7.65 N
7.64/84
7.58/58
09 off
Mexican Eagle
7/8
Spot
361
Courtaulds
Distillers
Dunlop Rubber
83
24/44 89** 25/11 Gen. Electric. (England) 78/11 Guinness (A) Son & Co. 102/6 Hawker Siddeley Air.... 17/9 Bristol Aeroplane Imperial Chemical Ind: 29/6. Imperial Tobacco
124/44 Marks & Sp'cer. "A" ord. 59 Rolls Royce:.....
102/6
May 16.
9.20 N.
The First Notice Day for cotton is April 25 and the last Day is
NEW YORK RUBBER
9.12 N
.08 of
May September
16.95/96
19/6
December undon March
16.02/05
16,09 N
15.82b/85a 15,79/79
15.75b/79a .06 of
15.87/87 :: 15.96/96
15.87b/903 .06 off
15.94/94 ........11 coff
15,936/9 14 of
173
Tate & Lyle ......
Leyland Motors - 88/101
The First Notice Day for May rubber is April 27 and the last Day Is May last.
To-day's Sales:-300 tons,
CHICAGO WHEAT
Turner & Newall.........
May
78/8
United Steel
July'
23/3
Smethwick Drop Forg... 15/9
Septembe
78 773 718/714 713/71-4 721/721
73/721
731/734
72/721
722/724
$99
Tientsin-Pukow Rly.5%
(German Stpd.). Tientsin-Pukow Aly, 5%
(Brit. Btpd. Supl.Loan) 174 Tientsin-Pukow Rly. 6%
(Ger. Stpd. Supl Loan). 171⁄2 Jap. 5% Bter. Loan, 1907 35
18/10) Vickers, ord....
: 20 Woolworths
************ 59/7 Anglo-Dutch
24 Rub. Plant. Invest. Trust 25/6 Burma Corporation 8 Commonwealth Mining.. 1 Maraman Investmental. 14 Randfontein Estates. 36/3
Armstrong Stevena, ord. 7/6 Pressed Sted, com.
Friday's Sales-28,608,000 bushels,
CHICAGO® CORN
May July
484/484
50/50
477/473 474/47 50/492
49/49
of
Beptember
51+/611
307/504
504/501
WINNIPEG
WHEAT
May
July
October
Western Holdings Sub-Nigel
1173
03/03 63/631 63/634 641/841 641/841 641/641
65/65
unch.
208/9.
NEW YORK HIDES: (New Contracts)
Change
15489 12141 30 Industrial
34.33 24,14 30 Railz,
$8.52 20,71 20 · Utilities
128.38 128.70 188.03 128.48
25:81 25.91 28.73 25.86. 221623. 20:21.05: 22,04 87.08
07 up
Chinese Eng & Mining,
(bearer)
Tanami Gold Mining................ 3d. |Anglo-Irantan.
June
82/0
September
9:00/00: 0.83/83 10.24/24
9.94b/98%
10.19/19,
10.30b/33a
Burmah
82/8
05 up
Chosen Corporation
Shell Trans. & Trad.
09
89,0
of up:
Pelin Byridicate...
(bearer)
81 31/101
19.13 45.59 11 Commodity Index 48.05
Buniaras Donai--170,000 15kres
Shat Bec Constr. Co. Shal Waterworks: "A"
September
NY Silver, Omcial 42-3/4 NY-London Cross Rate 4.53-1/8. -
NEW YORK-STRAITS TH
47.80
unquoted.
488-178
47.95b/48.50% 484