PAGE 12-HUNGKONG DAILY PRESS
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER
London, May 2 (Reater). Silver-Some continental de-
CLOSING QUOTATIONS mand, Small bear covering. Offer
MAY 3, 1939
On London—
Telegraphic Transfer. 1/2 11/16 Bank" Bills, on demand/2 11/18 Credits 4 months" sight 1/3°
On Shanghai:-
ing small; but buyers satisfied. Market quietly steady. In the afternoon, the market was very quiet.
Spot, 20-5/16d. Forward, 20-1/16d.
NEW YORK SILVER
LONDON METALS
1
EXCHANGE**
London, May 2 (Reuter).
COFPER
buyers sellers
Standard, Cash 41-1/241-5/8 Standard.
"
3 months 41-7/8 41-15/18 Electrolytic 47-1/4 48-1/4
BONAK
TIN!
Standard. Cash 224-3/4 225-1/4 Standard,
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIATION
STOCK EXCHANGI
Buyur Baliera
Salow Nominal
WED., S. MAY.
Buyers Belloru Balm minA
STOCKS
53 1/7
Bank Bills, on demand 1-80
Credits 4 months' sight 1199
On Saigon
On' demand
107-3/4
On Manila:-
On demand
On Bangkok
On demand
Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
37 1/2
151 1/1
1/2 7/8 90 6/18
Market Report
FROM ROZA BROS Silver prices rase yesterday to the extent of 1/8 for Ready and 1418 for Forward, the quotations | being 20 5/16 and 20 1/16 respec- tively. Silver advices reprted some; bear, covering. The market steady. American Silver was quoted at 42 3/4 for Spot.
Was
The London-New York cross-rate was quoted at 468, 25. New York- London was quoted at 468, 1/4
Market
OPPOSITION TO JU. S. COTTON
SUBSIDY PLAN
WASHINGTON, May 3 (Reuter) -Senator Smith, Chairman of the U. S. Senate Agricultural Com- mittee, said that he and some other Southern Senators were 'ready, tó 'talk for three weeks," if necessary, to defeat the cotton export, subsidy. "Its dead," he declared,
LONDON GOLD .. London, May 2 (Reuter), Bar Gold, Fine per oz.. 148/6. Dollar Parity," 1/2d. premium.
3 month 13-11/16 13-3/4 Final Afternoon Transactions
Tin, Standard, Cash, £275-1/2′′ paid and value.
Tin, Standard, 3 months £223- 1/4 paid and sellers.
TREASURY RETURNS
LONDON, May 3 (BSW)—Trea- sury returns show that the total ordinary revenue, excluding self- balancing items, to April 29, amounted to £56,029,278, against £50.694.872 at the corresponding date last year.
The total ordinary expenditure. to date is. £89,679,535, against £74,586,531 last year.
NEW YORK STOCK EXCHANGE
QUOTATION
On demand
177
New York, May 2 (Reuter). Omelal Price. 12-3/4.
On Slugapore:—
On demand
$2 5/8
On Japan:
On demand
100
HOMBAT SILVER
Bombay, May 2 (Reuter). Market--Steady Oftake 50 bars
3 months 222-1/2
LEAD
122-3/4
Foreign,
1.5
On India:-
Ladian Mint Silver
Official Price 14-3/8 Foreign Official
11-7/16
Telegraphic Transfer.
and demand
Bank Bills, on demand 28 78
Credits, 60 days' sight 29. 1/2
On New York:-
Un Batavia:-
On demand
On Paris:-
81 3/4
Reay
53-03
May 13 Settlement
63-01
3 months 14-5/8
SPELTER
14-11/16
387
June 16 Settlement
63-00
Ordinary,
Official Price 13-3/8 13-1/2 Ordinary, Oficial
$5.20 $32+
0871
£
$1380
HIRE U
$1362
**
27
***
ALA
$80
度
Banks
H.K. Banks I
མལ་--བན་་་་
Do. (Col. Bag.}`.*
Do. (Lon. Bog) -
Chartered Banis
Marcantile Bk. "A"
Mercantile Bkı, "C"
Bank of East Asia N. C. & A. Backs
Insurances
$1380 £85
+£44
2971
£13 $80
$4371 14471 1443)
$230 Canton Insurances
Union InsurEDOOF... $1.30 Underwriters.
1920
51.30
$440 $445
$180 H. Firs
1136
Shipping
Douglass
316
Steamboats
#16
$60
Indo-Chinas
{Prof.)
$50
R
Indo-Chinas (Def.);..)
$20
81/3
Shall
813
9161
$16,160..
308
$8.40 Waterboate
Docks, Wharves,
Godowns, etc
$100 H.E. & K. WhareS
$4,30 Providenta
Providenta (new)_
**
H.K. & W. Doaks... $161
Do. (new)
Shanghai Docks B.
16.90 Now Engineering 8.
17/6 Kaila
Mining
Vaneruela Gold Fida
4 cta. Hong Kong Mines ... Lands, Hotels and
Buildings.
H.K. Hotels. H.K. Landa
1100 Do. 4% Debentures
Shanghai Landa 8. H.K. Realsies......... Humphreys
$102 Chinese Estates..
Cotton Mills
$18.70 Ewo. (8.)
$8.40
SPOT
J4.20
!!
$100
JULY-SEPT.
#41"
OCT.-DEC.
9101
17/6
$2.65
THURSDAY, MAY 4, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)"
New York, May 2, 1993.
KILL BIL
81118'hai Cottons (8.)
840
$30 Zoong Sings (8.).... Wing On Textiles (8.) Public Utilities
Previous close
buyers
sellers
SPOT
JULY-SEPT.
7-7/8" 8
OCT.-DEC.
XD
$17.35
JAN.-MARCH
8-1/8 8-3/16
8
7-15/18 8 8-1/8 8-1/18 8-1/8 8-3/16 8-1/8 8-1/4 unch. 8-1/4 8-3/16 8-5/16
change
up-1/18
H
8107
$294
Market quietly steady.
#8
SINGAPORE RUBBER
May 1. buyers sellers!
27-1/4 27-1/2 27-3/8-27-5/8 27-1/3 27-3/4
May 2
buyers sellera 27-1/8 27-3/8 27-1/4 27-1/2
27-3/8 27-5/3
change
off 1/8
The market opened 1/8 of a cent lower for all deliveries as com- pared with Monday's closing quotations,
Dull and quiet conditions prevailed throughout the day,- Uncer- tainties over the "quots" decision continues to dominate the market, which coupled with the doubtful political outlook in Europe exercis- ed a restraining influence upon activity.
A substantial price-advance is not anticipated pending clartaca- tion of these disturbing factors.
LONDON RUBBER
To-day's close sellers buyers
816.10
Tramways
$16.10
Last Sale
MAY 3. 1939 STOCKS
$9
84
Peak Trams. (now) ...
Peak Tram (old) ...
.78
$4
May 2
Last Sale May 2
885
¡Star Ferries
1657
$22.80
mati Ferries:
112
Quiet
Adams Express
72
Int. Tel. & Tel
Do. (new)
NEW YORK COTTON
The market presented a rather erratic appearance with selling and liquidation influencing a lower trend. However, price fluctuations were not wide, although most operators preferred to keep on selling pending developments in Washington.
BODIE
62
Sterling
Alleghany Steel Co.
164
Johns Manville ......
$8.20 88.40
China Lights (0)
$8.20 $8.40
70
U.S. Dollars
19
for May delivery. The market closed Amer, Radiatorerne gå se with sellers at 23 13/16 arst halt Amer. Rolling Mill May, 28,3/4 first half June, 28 Amer. Sting and Ring Co. 11/16 hrst half July, 28 5/8 August Amer. Sugar Ring ..... and probably 28 9/16 September: Amer. Tel. & Tel. buyers at 28 15/16 May, 28 3/41Amer. Tobacco "B" June, 23 11/18 July and 28 5/8 Amer. Waterworks September,
No business was reported. The Allied Stores market closed with sellers at 1/2 Allis Chalmers 25/32 May-June, 1/2. 3/4 July-Amerada Corps. November and 1/2, 23/32 Decem-Amer. Can
ber, buyers at 1/2. 15/16 Cash-Amer, & Foreign Fewer September. 1/2 25/32 October. Amert & Foreign #1 pf.... November and 1/2 3/4 December. American Gas & Elec,
Business was done at 23 13/16 Amer. Metals Co.
71.
J. & Laughlin Steel $7 pfd.
Chion Lights (New)
364*
Chins Lighta ftw.
921
Kennecott Copper
324
$543
H.K. Electrica
$5,40
$55
NEW YORK RUBBER
611
Libbey-Owens-Ford
Glass 401
̈$16
Macao Electrica
87
Lockheed Aircraft
251
$12
22
Loew's Inc.
$21.70
401
Talapbones (old) .................
Sandakan Lights ......
15.
Manhattan Shirt Co.
$7
Telephones (DOM)
331
20/8
Tractions
Martin. Glen L.....
$221.
357
29/0
Amer. Locomotive
171
Tractions (praf.)
McKesson, Robbins
114
Industrials
27
Monsanto Chemical
923
$14
Cald., Macg. (Ord.) 8.
117
Montgomery Ward
$19
461
Cald., Macg. (Fref.) S.
14
at. Dairy Products
151
401
Nat. Distillers
25-1
191
National Gypsum
113
1571 81!
National Load .......
201
$20
Nat. Power & Light
71
National Steel Corp.
BUT
Canton Ice .......
$19.70 CamacİA
$3.60 Ropes
Miscellaneous
Dairy Farms ka, litɛ.
$14.9 Dairy Farın Rte.
91
=
330
$14
Dow Jones Industrial Averages
The market was steady with higher opening prices." A Armer tone was imparted here by higher London advices and some trade buying.
CHICAGO WHEAT
Prices advanced early in the session on good buying, short- covering and on firmness of foreign markets. However, some prost- * taking was evidenced to-day. It is possible that the reports concern→ $1470 ing the damage to crop might have been exaggerated. 33.60
Previous To-day's
close *127.83"
close Change 129.32 up 1.49
60
Ch. E'tainments
Anaconda Copper.
23
Nat. Supply Corpn.
#1}
Constructions
(old)
#11
81
Shanghai Dollars
Sellers at 179.
Shanghai Market
Sellers of Sterling at 8.1/4 and U8. Dollars at 16. 1/16 for Spot,
Shanghai Exchange
Shanghai, May 3 Reuter).
London.......
New York
Bendix Aviation
Opening Biggs M'facturing
0/8
Atchison, T. & S. Fe.
281
New York Central
Constructions
(new)
141
#8
Auburn Motors
21
| Niagara "Hudson Power
Lane Crawfords
38
7
Baltimore & Ohio
: 51
Nanyang Tobacco ....
N. American Aviation
154
Barber, Asphalt Co Barnsdall Onl
$1,80 Binceros
$1.80
13
North American Co.
21
$71
Watsona
$7.20
$7.80
13
Northern Pacifc
831
Bi
Ch. G.5% 19250 Bds,
218
Paelic Gas & Elec.
201
34Zpm
H.K. Govt. 4% Loans
B31%
8103)
Bethlehem Steel Boeing Airplane Co. Borg-Wamer
552
Pacific Lighting
par.
H.K. Govt. 3 Loss
$100
41
45
$49
22
Packard Motors
H.K. Wing On .....
34
**
221
Paramount Pictures
..197
Pennsylvania, R.R.
16-5/8
Japari
Paris
Hongkong
58-7/8 5.48
Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pf. Canadian Pacific R’way.
11.
| Phelps-Dodge
38
Phillips Petroleum
351
31
Public Service of N.J.
344
Case, JI
Pullman Inc.
251
63-3/8
Celanese
161
¡Pure Oll........
Open Market-Selling Rates
Chesapeake & Onio
72
321
Radio Corpn., of Am.
B1
Sterling
Chrysler Corpn.
659
Republic Steel
'ba Wing Ou
Vibro Piling
14/4 Marsmans Inv. (Leo)
31.
Markomana Inv. (H.K.)
W. Powella
#Halse to: Shanghai
LONDON STOCK EXCHANGE
N. Y. Commodity Market
(By Courtesy of Messra. Swan, Culbertson & Fritz and S. E. Levy & Company)
› High
New York Cotton, July
8.26 8.17
151
Columbia Gas & M.
Spot
Opening 0/8-1/4
Closing
62
Reynold Tobac. "B"
361
0/8-1/4
Columbla 8% "A" pl.
85
Richfeld Oil
(REUTER'S BERVICE) ·
May June
July
0/8-11/64 0/8-3/18
0/8-7/64
0/8-3/64
Commercial .........
421
Safeway Stores
London, May 2.
New York Rubber, May New York Hides, June Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July
15,96
15,91
Prev. To-day's Low Close Close Change
8.24 8.18 .06 off 15.82a 15.98 14 up
10.45
10.25
73#
10.06a 10.45 721 73 734 511 501
51 50% 657 644 641
39. Up
מס 4.
up #5##11 up
341
0/8-1/8
Commonwealth & 8. (ord.)
11
Schenley Distillers
0/8-1/16
wealth & 8.6% cum. pt...
541
Schenley, 54% pfd.
י
-
Consolidated Edison
301
Beara Roebuck .....
DJ,S. Dollars
671
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirma- tion and no responsibility is assumed for errors in transmission.
NEW YORK, COTTON
Consolidated Oil
Spol
$16-1/16 $16-1/18
71
Seversky Aircraft
£
4
£
May
Close Opening 8.45/45
Closing
Change
8.45/45 8.43/44
.10
May
15-29/32 15-15/15
June
15-13/16
July
• 15-11/18
1)
cent:
15-3/4 15-5/8 Market:Quiet but steady.
- Merchant Rates
Sterling, 0/8-7/32.
Dollars, $18.
Silver Duty Rate
The Central Bank of China's Eagle Pichier Lead
rate on London at 10 a.m. to-day Eaton Mfg Co.
was 1/2-1/2d, unchanged from Elec. Autolite yesterday.
The Equalisation rate was 64 per Elec. Bond & Share $5 pf.
London Exchange
Continental Can Continental Oll Corn Products
37
Shell Union Oll
112
224
Socony-Vacuum Oli
114
56
Southern Pacine
121
War Loan, 31% (Red.
after 7952) Canton-Klcon Rly. 5%
911
Union Insurance
301. Guta Kalumpong Rubber 18/104 Allied Ironfounders...... 18/71
July October
8.24/24
8.45/45
8.43/44
.01 of
7.70/70
7.89/89
7.72/73
02 up
December
7.52/53 7.53/53
7.56/56
.03 up
Curtiss Wright (C)
6
Southern Rly $5 pfd
20
Curtiss Wright “A”
251
Sperry
413
“-1898 ́ ́ (Erit. Issue). 194 Chinese 41% Gold Loan 67
Asso,& Elec. Industries 38/11 Austin Motors, ard.
29/9
January March
747/47
7.50/50
7.54/54
.07. up
747/48
7.49/49
7.53/53"
.05 up
Deere & Co.
184
Standard Brande
Chinese 5% Cold Bonds, ...
Distillers Corpn. Seagrams
17
Stand Gas & Elec,
31
1925-47 ...
63+
Cable & Wireless, New
Form, ord...
Spot
9.24 N
9.17 N
.07 off
434
Douglas Aircraft
601
Standard Oil of California
261
Chin. 41% Anglo-French
B-A Tob. (bearer)...
95/7+
NEW YORK BUBBER
Du Pont de Nemours.......
141
Standard Oil of NJ.
Loan, 1908
58
451
Cammell Laird, ord.
7/9
*81
Stone & Webster
Chinese 5% Crisp Loan,
101
Mexican Eagle ..................
May
15.69/70
15.80b/85a
201
Swift International
**1912
37
271
Courtaulds...................
24/6
27
Technicolor
181
Chinese 5% Peorg: Loan;
Distillers
88/6
Elec. Bond & Share
71
Texas Corpn.
1913 (Ldn. Ix)-
51
37
Dunlop Rubber
Texes Gulf Sulphur
281*
Elec. Bond & Share # pl. 65
Trans-America Co.
Chinese 5% Ster. Notes,
1925 (Vickers)
Gen. Electric (England) 78/41
25/6
JulŞi༤༠34;! September December March
15.88/88-
15.80b/82a 15.80b/838 15.93b/98
15.83b/85a15.80b/85a 15.98b/99a .14 up
15.85b/900 15.88 N 15.92/92
15 up .14 up
15.98b/16.00a 14 “up 16.00 N
קט 12.
174
5+
Elec. Power & Light fi pt.
247
20th Cent. Fox
191
Chin. Imperial Rly. 5%
Guinness (A) Son & Co. 102/9 Hawker Siddeley Airc....
To-day's Sales:--840 tons,
pntkote
19
20th Cent, Fox. $1 pr.
Loan
Food MachineryTM Corp.
221
| Union Carbide & Carbon
Honan Rly. 5%
21
737
London, May '3' (BW8).
Gen." American Trana, ....
44
Union Pacific .....
Hukuang Bly. 5%, 1911. 22
90
Closing mean rates.
Gen. Electric
Gen. Motors"....
Gen. Railway.Signal
Glidden Co.
Goodrich" (BF)
Goodrich $5.pf.
Goodyear Tire & Co.
Great "Western Sugar
Greyhound Corpn.
Becker Products
Homestake Mining
Industrial Rayon
International Harvester Int. Nickel
1939
Paris, 178-47/ 84.
New York, 4.88-9/32.
Montreal, 4.70₤
Brussels, 27-50§,-
Geneva, 20.851.
Amsterdam, 8.781
Milan, 89,
Berlin, 11.67;
Helsingfors, 228 -
Buenos Aires, 20.211,
Other rates were unchanged
Calcutta Exchange
*Calcutta, May 2. (Reuter); T.T. on Japan, 18-1/2,
India Rupee Paper
Bombay, May 2 (Reuter). Govt: 33% Rupes, 92-11-0.
New York
Exchange
New York, May 2 (Reuter).
T.T. on London (Opening Rate). 4.68-1/4
DOW JONES AVERAGE ·
Hisch Low Dow Jon Avorages, May 1, High Low Close
1.34.83 24.14 10 Baile
28.59 20.71, 20 Ubillas 92.3387.0840 Bonds
49.11 46,59 11 Comm..
34
United Aircraft
37
427
United Airlines Trans
Hukuang Rly. 5%. 1911
(German Laane)
97
151"
United Corpå.
Lung Tsing & U. Hai Rly.
2
16.
United Corps, 33 cpm. pf.
5%
321
16
United Gas Corpn.....................
S'hai-N'king Riy, 5%
2
United Gas Improvement
12
25%
US. Rubber
351
Great Northern Iron Ore ...'
12)
U.S. Rubber $8 pfd.
93
Great Northern Rly, pfd
108
U.S..Steel
461
261
Vanadium
Tientsin-Fukow Rly. 5%.
(Brit 8tpd.)...
Tientsin-Pukow Bly. 5%
German Stod.1
Tientsid-Pukow Rly, 5%
Sa -
17/3
83
Bristol Aeroplane
19/41
CHICAGO WHEAT:
201
Rolls Royce
102/10)
Leyland Motors
87/6
184
Tate & Lyle
Imperial Chemical Ind. 29/9
Imperial Tobacco ......... 1244}. Marks & Sp'cer. “A”, ord. 59/10
May July September
Monday's Sales:-28,063,000 bushels.
175/741
73/721
731/73
731/73) 731/731
* 748/747 73/731 731/734
of
up unch.
GO
25
Turner & Newall
-76/11
CHICAGO COEN
United Steel
23/3
Smethwick Drop Forg.
15/9
Armstrong, Stevens, ord. 7/6
May.
481/48
491/491
July
Pressed Steel, com.
18/9
September
504/501 504/507 514/518 510/514
507/51
$13/517
182
Vickers, ord
172
Warner Bros. Pict.
** (Prit Stpa/Bapt. Loan) 18
19/6
Woolworths
43
101
Tientsin-Pukow Bly. 5%.
60/6.
WINNIPEG WHEAT
Westinghouse Mec.
*897
Anglo-Dutch
23/3
643
(Ger, Btpd. Supt. Loan) 18
Woodward Iron Cor. ..
161
19 *
Chase National Bank
301*
56
Jap. 5% Bter; Loan, 1907 351 Jap. 8% Ster, Loan, 1924 41
Rub. Plant. Invest. Trust 25 Burina Corporation
May
631/631
647/641
8/11
July
641/64)
647/051
654/65
461
National City Bank
-221*
Ger, 7% Intl Loan, 1924 381. Chartered Bank
Commonwealth Mining.. 1
October
651/652
801/602
661/061
77
Marsman Investments..
/14/44
*-bla:
1 ex. div.
ELK. & Shai Bank (Ldn.
Reg)
Randfontein Estates.
30/101
NEW YORK HIDES: (New Contracts)
HK. & ShaÏ Bank (Cul
Western-Holdings.. Sub-Nigel.
10/6.
210
June
May 3, 1933.
164.85 121,44 20 Industriale
127.63
25.67
22.00
130.18 128.31 120.31 20.15 95.78 25.95 $2.67 38.21; 13,49
Change 1.49 up 28 up
Reg.) Chinese Eng & Mining
(bearer) AL
85
Tanami Gold Mining Anglo-Iranian
3d
September
80
NY, Sliver Official
10.04b/08a 10.01b/20a" 10.40/45 10.40/40 10.49/50 10.75/85 42-3/4
Burmah
87.88
Doni: 450,000 shares
23 up Perin Bynd 88.01 180 148.64.99 up!
Chosen Corporation
17/6° 5/6-
81/101
NY-London Cross Rate 468-3/16!
42-8/4 4.68-1/4
Shell Trans., & Trad.
(beater)
Shal Elec
Bente
NEW YORK-STRAITS TIN
48,16b/48.402 48.10b/154 48.30. N