PAGE 12-HUNGKONG DAILY PRESS
MONEY AND
EXCHANGE
SILVER MARKET .
LONDON SILVER
London, May 4 (Reuter); Silver-Moderate Indian demand. Small speculative sales. Market
CLOSING QUOTATIONS quietly steady. In the afternoon,
On London:
MAY 5, 1939
Telegraphic Transfer. 1/8 11/10 Bank Bills, on demand/2 11/16/ Credits 4 months' sight 1/3
On Shanghai:--
On Singapore:-
On Japan:-
the market was quietly steady. with small Indian inquiry for for- ward.
Spot, 20-1/44.
Forward, 20d.
NEW YORK SILVER" New York, May 4 (Reuter). Official Price, 42-3/4.
LONDON METALS
EXCHANGE
Lopdon, May 4 (Reuter),
COFFER
£
L
Standard. Cash 225-1/2 225-3/4 Standard;
:
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
SATURDAY, MAY 6. 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
MARKET REVIEW
(FROM PAYNE & CO.)
STOCK EXCHANGE.
Bayura | Baliwra'
Standard. Cash 41-7/8 Standard,
buyers sellers
41-15:18
anie Nouto FRIDAY
MAY.
5.
Bayar Ballers
Sales
Momias
Banks
$1390f
$84H.K. Banks
Do. (Col. Reg.)
$1385
"
3 months 42-1/4
Electrolytic 47-3/4
42-5/16 48-3/4
$163
TIN
£13 $80
Do." (Lon. Bag.)
£77 Chartered Banks
Marcantile Bks. “** Marcantile Bk. "C" |Bank of Bast "Azis 2. N. C. & S. Benks ... Insurances
£83. £94)
7
£13
190
COMMODITY
#1
ii
STOCKS
Last Sale
May-4
MAY 5. 1939:
STOCKS
Adams Express
Int. Tel & Tel.
Alleghany Steel Co.
17
Johns Manville
On demand
177
3. months 222-3/4
LEAD
223.
3920
Canton Insstenose ...
$$30 Q.D.
8446
Union InsuraZONU KA
On demand
02 5/8
Ou demand-
105
BOMBAY SILVER Bombay, May 4 (Reuter). Market-Qulet but steady.
Foreign,
#1.30 | Undarweltaca
$440
$445
Official Price 14-3/8 Foreign Ofidal
14-7/18
3180 (R.K. Firms
L
Shipping
Og India:-
Offtake 30 bars.
Telegraphic Transfer.
and demand
On New York:-
Bank Bills, on demand 28 5/8 Gredita, 60 days' sight 19 1/8
On Batavia :--
Tadkan Mint SUver
3 months 14-6/8
SPELTER
14-11/15
187
*
Douglass
$67
$15
Steamboata
800
Indo-Chinas
(Pret.)
Ordinary.
120
Indo-Chinas (Def.)...
Ready
May 13 Settlement
53-03 53-02
Offcial Price 13-1/2 Ordinary, Official".
13-9/18
Ehella
:i
June 15 "Bettlement
53-01
On demand
63 1/2
On Paris:-
Bank Bills, on demand 1080
Credits + months' sight [122
On Saigon
On demand
107 3/4
On Manila:-
:
On demand
37 1/2
On Bangkok:--
On demand
181 1/4
Sterling Notes:
Bank Buying Rate
1/8 7/8
Bar Süver per oz.
20 1/4
LONDON GOLD
London, May 4 (Reuter). Bar Gold, Fine per oz., 148/8. Dollar, Parity,
New York Exchange
New York, May 4. (Reuter). TT. on London (Opening Rate), 4.68-3/16
3 months 13-13/16 13-7/8 Final Afternoon Transactions Tin, Standard, Cash, £225-1/2 value.
Tin, Standard, 3 months, £223 pald and buyers..
BROKERS' LOANS
New York, May 4 (Reuter). Loan on securities to brokers in New York:
Week-ended
27/4/39 $547,000,000
1
$100
$161 $17
$18.80
$33
Market Report
FROM ROZA BEOS
Süver prices were unchanged yesterday, the quotations remain- Ing at 20.1/4 for Ready and 20 for Forward, Suver advices re- ported speculators as having sold to a small
extent. The market
was steady. 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 468.1/8.
Market
NEW YORK STOCK EXCHANGE
QUOTATION
Week-ended
4/5/39 $502,000,000
$5.45
#5.05
$321
$4.30 84.30 $7.10
L
81/3
19.40 Waterboats
Docks, Wharves,
Godowns, etc.
HK. & K. Wharros Providente
Providenta (DEW}
H.K. & W. Docks... $164
Do. (new)
$100) Shanghai Docka 8.
$7.05 New Engineerings.-B.
17/6.. KailanE
Mining
$2.55 Rauba .....
Venezuela Gold Fide
4 ota Hong Kong Mines...
Lands, Hotels and
Buildings
H.K. Hotels
H.K. Lands
35:30
8. #321
104
$100 Do. 4% Debenturas $9.90 Shanghai Lands .8.
H.K. Realtics
Humphreys ...
$102 Chinese Estates
Cotton 'Mills
# # 1
" :
.i
##
取
$18,80 Ewo (9.)
4113 Shal Cottons (8.)
$30 Zoong Sings (8.)
$17.35 $107 $291
$40 Wing On Textiles (9)
Public Utilities
$16.20
$16.30
Tramways
$16,30
89.
Peak Trama (old)
SPOT
лоч
$4
Last Sale
{Peak Trains" (new)
18 24.
JULY-SEPT.
8-1/16
$1.30
***
$180
$18 A850
New York, May 4, 1919.
SINGAPORE RUBBER`
130
81/3
May 3
May 4
$8.40
buyers
sellers
change
SPOT
27-1/2 27-3/4
5100
JULY-SEPT. iiiuon QCT-DEC.....
27-5/8 27-7/8
7-3/4" 28-
buyers sellers
-27-5/8 27-7/8 up 1/8
27-3/4 28- 27-7/8-28-1/8
The market opened 1/8 of a cent higher for all deliveries as com- pared with Wednesday's closing rates.
In sympathy with advices received from London and New York $11 the market displayed a steady to firm undertone early in the morn- -toting.
17/6 $8.55
Thera was good demand for "actuals" by the principal consuming countries, whilst dealers were likewise buying for immediate and for- ward deliveries on a fair scale. However, speculative buying intarest was somewhat lacking due to fears of a possible quota-increase.
Later in the session the market turned quiet and closed with a quiet undertone.
Total Imports of Rubber from outside British Malaya (during April amounted to 13,996 tons as against 14,035 tons in March.
Malayan Domestic Rubber Exports during April are estimated at 30.000 tons as against 22,000 tons in March..
Preliminary shipments of Native and Estate Rubber from the Netherlands East Indies during April amounted to 43,668 tons as against 13,259 tons in March,
LONDON BUBBER
Previous close To-day's close buyers sellers buyers"
7-15/16 8 8-1/16 8-1/8
sellers
change
7-15/18 8
unch
8-1/8
***
#65
Star Ferrina
1601
May 4
M
62
$23.60 Y'mati Ferrins
Do. (new)
OCT.-DEC. JAN.-MARCH
8-1/8 8-1/4.
8-18 B-1/4
8-3/16 8-5/16
$-3/16
8-5/18
73
18.30
88,30
China Lights (0)
Market steady but idle.
Qulet.
Allied" Stores
01
J. & Laughlin Steel $7 pfd. - 371"
#61
China Lights (New)
35.40
Allis Chalmers
341
Sterling
Kennecott Copper
32
Chins Lights HI..
r
U.S. Dollars
Shanghai Murkot
Sterling
U.S. Dollars
Opening
0/8
Amerada Corpe.
- No business was reported. There Amer. Can....... were sellers at 1/2.3/4 May/first Amer. & Foreign Power
week of October, 1/2.23/32 Octo- Ameri & Foreign pt.... 15 ber/December, buyers at 1/2.25/32 American Gas & Elec. Cash/October and 1/2.3/4 Novem-Amer. Locomotive ..... ber/December.
Amer. Metals Co.
Amer. Radiator
Nothing doing. There were sel- Amer. Rolling Mil lers at 28 3/4 May, 28 11/16, June/ Amer, &'ting and Ring Co.
first half July, 28 5/8 July/first; half August and 28 9/18 Septem- ber, buyers at the 28 13/18 May, 28 3/4 June, 28 11/16 July. and 28 5/8 first half September, probably August.
Shanghai Dollars
Amer. Sugar Ring Amer. Tel & Tel
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
Atchison, T. & 8. Fe.
Auburn Motors ... Baltimore & Ohio
Sellers at 178 7/8, buyers at 170 Barber Asphalt Co 1/8.
Sterling, 8.7/32 sellers for May
and US. Dollars, 16.1/32 sellers for Borg-Warner May. Stop.
AFTERNOON MARKET Extremely dull.
Celanese The market closed with sellers Chesapeake & Ohlo at 1/2.3/4 May/Beptember and Chrysler Corpn. 1/2.23/32 October/December, buyers Columbia Gas & El at 1/2.25/32 Cash/September and Columbia 6%” “A” pf. 1/23/4 October/December.
The market closed with sellers Consolidated. Edison at 28 3/4 May, 28 11/16. June/first Consolidated Of half July, 28 6/8 July/frst half Continental Can August and 28,9/16 August, prob-Continental Oil ably September, buyers at 28 13/18 Corn Producta May, 28 3/4 June, 28 11/18. July Curtiss Wright (C) and 28 5/8 first half September. Curtiss Wright "A" probably August,
Shanghal Dollars
Probable sellers at 179.
Shanghai Exchange
Shanghai April 5 (Reuter).
London
621
Libbey-Owens-Ford
Glass 421
H.K. Electricsereian
$543
Macko Electrica
87}
Lockheed Aircraft
261
813
Sandakan Lights.....
3+
Loew's Inc.
43
Telephones (old)
3211
Manhattan Shirt Co.
#7
Telophon (NEW)
34
Martin, Glen L
361
210
Trationa
$2).
181
McKesson, Robbins
112
920Tractions ~ (jraf.)"
23
Industrials
Monsanto Chemical...
95
........ 121
$14
Montgomery Ward
Cald., Macg. (Ord.) 8.
481
$18
Cald., Macg. (FreĹ) 8.
141
Sat. Dairy Products
15
Canton Joon
413‡
Nab. Distillers
251
$12.70 Cementa,
21
"National Gypsum
121
$3.60 Bopes
81470 $3,60
159
National Load
201
Miscellaneous
82
Nat. Power & Light"
#301
.71
Dairy Farms a. tijā.
#201
94.
National Steel Corp.
·$14)
$14,70
Dairy
80
Faru Rts.
$14).
Ch. E'tainmanta
$5,55
24
Nat. Supply Corpn.
ទ
Constructions
(old)
28
New York Central
141
Constructions
Niagara Hudson Power
13
Lane Crawforda
$8
51
N. American Aviation ......
Nanyang Tobacco
161
131
North American Co. v.
211
$1.80 Sovere
$1.80
*NEW YORK COTTON
The market opened quiet, but the tone was steady. Later, it be~. came firin on favourable Liverpoolcabies. Short-covering and new buying caused further impetus to the advances in prices. However, the market eased "off slightly towards the close. There was stir a lack of confidence on account of the uncertainty over Washingtori actions.
NEW YORK RUBBER
The conditions of the market were festareless. The uncertainty of the quota increase was keeping traders on the side-lines,
CHICAGO WHEAT
Prices advanced on reports of continued crop damage, and on firmness of the Winnipeg market. They were further, supported by good buying and covering by short interests. England was an but- standing buyer.
"
M
$73
Watsons
$17.20
Barnsdall Of .....
144
Northern Pacific
8
647, Ch. 0.5% 182nG SBde,
B4%
Previous
*close
To-day's cipse
Bendix Aviation
22.
Pacific Gas & Elec,
301
312pm
H.A. Govt. 4% Loans
$103
Bethlehem Steei
55
Pacific Lighting
45
H.K. Gort. 84% Lonis
$100
Dow Jones Industrial Averagea
132.30
131.88
Change off · 45
par
Boeing Airplane Co."
23
Packard Motors
$42
34
H.K. Wing On
241
Paramount Pictures
'hal Wing, ON
Biggs M'facturing
204
Pennsylvania R.R. sign.
181
Brooklyn-M'hattan Trans. 111
Phelps-Dodge
4/2
B'klyn-M'battan. $s cum pf.
403
Phillips Petroleum
352
14:
#1
Canadian Pacific R'way.
31
Public Service of N.J.
Case. J.L
754
Pullman Inc.
27
18+
Pure Ou
77
321
Radio Corpn. of “Am. ..... ..
61
671
Republic Steel
Vibro Piling... Marsmana Inv. (Lon.) Meremans Inv. (H.K.) Wm. Powells.... Sales to Shangha
LONDON STOCK EXCHANGE
N. Y. Commodity Market
(By Courtery of Messrs. Swan, Culbertson & Frits and
151
S. E. Levy & Company)
Reynold Tobac. "B"
301
£3.
Richfield Of
(REUTER'S SERVICE)
Prev. To-day's
Commercial Commonwealth & 8. (ord) C'wealth S. 6%, cum pf.
431.
Safeway Stores
351
Loudon, May
High
1
Schenley Dhillerm
137
58
Schenley, 5% pfd.
311
Sears Roebuck ...........
681
Seversky Aircraft
The following quotations are the middle prices at the close of the market in. London. All quotations are subject to confirms- tion and no responsibility is assumed for errors in transmission.”
New York Cotton, July
8.30
Low Close Close Change 8.25 8.25 8.26 $1 up
New York Rubber, May
18 08% 15.98a 10 off
New York. Hides, June
10.55
4
301
Shell Union Oil
3
A
111
241
Socony-Vacuum Oil
117
571.
Southern Pacifc
12
Southern Rly, 35-pid.
201
War Loan, 31% (Red
after 1952), Canton-Eloon Fly. 5%
911
251
Sperry
421
Deere & Co.
182
Standard Branda
8
Distillers Corpn. Seagrams
17
Btand Gas & Elec.
1898 (Brit Issue)................ Chinese 4% Gold Loan Bj Chinese 6% Gold Bonds,
-19-
Union Insurance
301 Gula Kalumpong Rubber. 17/3 Allied Ironfounders...... 18/71 Asso, & Elec. Industries 37/7§ Austin Motors, ord........ 29/41 Cable & Wireless, New -
Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July
501 50% "667 651
i
-May
NEW YORK COTTON
Close 8.51/51- 8.52/52 8.53/53
10.36 10.48 10.458 .01 off -721 121 73114 up 501 50% up 851 684 14 up
Opening Closing
Change
.02 up
3
Douglas Aircraft
62
Standard Oll of California
1925-47
201
Du Pont de Nemours.....
143
Standard Oll of N.J."La..........
Chin. 4% Anglo-French
Form, ord.As. B.-A. Tob. (besirer)
44
July
8.24/25
8.27/27
8.28/20
95
October
7,75/75
7.75/75
7.71/75
.01 up anch.
401
Eagle Picher Lead
81
Btone" & Webster:
Loan, 1998
Cammell Laird, ord, "..
December
7.58/68
7.57/58 7.58/58
102
Eaton Mig Cp.
Swift International
Chinese 5% Crisp Loan,
Mexican Eagle
-8/3
261
January
7.56. N
7.56b/58
7.56/58
Elec. Autolite
291
Technicolor
1912.
38
Courtaulds
24/41
March
7.55 N
7.55/55
*7.55/55
17
Elec. Bond & Share
Texas Corpā,jus
Chinese 6% Reorg. Loan,
Distillers
88/0
381
Spot
9.24 N
9.28 N
Elec. Bond & Share $5 pl.
Texes Golf Sulphur
271
-1913 (Ldu. Is.)
511
Dunlop Rubber.
25/6
Elec. Bond & Share #8 pf.
621-- || Trans-America. «Oo,
Chinese 5% Ster. Notes,
Gen, Electric (England) 78/10
NEW YORK BUBBER
54
New York,
15-5/8
Elec. Power & Light $7 pf. – 281
1925 (Vickers)
171
20th Cent. FOL
201
Japan éis
54-7/8:
Flintkote
194
20th Cent. Fox. $1) pf.
Chin. Imperial Rig. 5%
Paris
$.48
Foods Machinery Corp.
223
Union Carbide & Carbon
Loan
Guinness (A) Son & Co, 103/9 Hawker Siddeley Airc... 17/71 Bristol Aeroplane
May July
15.95 N
15.87b/908
.05 off
*16.07b/08a 15.95b/18.05a 15.95b/88a
78
Hongkong
53-3/8
Gen. American Trans.
Honan Ely. 6%
21
45
Union Pacific
94
Open Market-Selling Rates
Gen., Electric
35
United Aircraft
Hakuang Rly. 5%, 1911.
22
37
Sterling
Gen Motors ...
441
United Airlines Trans, ...
Bukuang Rly. 5% 1911
Marks & Sp'cer "A" ord, 59/TE-
10
19/104 September Imperial Chemical Ind. 29/101 December Imperial Tobacco
123/9 March
"To-day's Sales:—2,920 tona,
16.10/10
*15.95/05
16.00/00
10 off .18 on
16.10/12
16.10/10 18,00b/04a
88 of
16.15 N
18.00b/13a 16.04 N
Spot
May
June
July
U.S. Dollars
'0)8-1/4 0/8-1/4 Glidden Co.
0/8-7/320/8-7/32 Goodwich (BF) 0/8-5/32 0/8-11/64 Goodrich $5 pf. .....0/6-3/320/8-1/18 Goodyear Tire & Co.
Opening Closing Gen, Railway Signal
(German Isrue) som
Rolls Royce
104/41
107
United Corpn.
21
161
United Corpn. $3 cum pí,
341
18
United Gas Corpn.
∙17
601
United Gas Improvement
12
283
0.8. Rubber
38+
Spot May June July
16
Great Northern Iron Ore ... Great Northern Riy, pfd. $18-1/16 $16-1/18 Great Western Sugar
18
13
UB. Rubber $8 pid.
901
201
U.S. Steet
47+
27
Vanadium
197
Greyhound Corpn.
181
16-29/32 15-3/4 15-13/16
Hecker Products
114
Homestake Mining..
844
|Industrial Rayon
103
International Harvester
581
2
Int. Nickel
481
*~~bla'
1939
132,80
28.08
251 2071 10 Unillmen
22.04
82.1% 67.064 Bonds
88.28
49,18-45,59. 11. Commodity.
****** 15-7/8.
Market-Qule; but steady.
Merchant Rates
Sterling, 0/8-7/32. Dollars, $16.
Calcutta Exchange
Calcutta, May 4 (Rauter). on Japan, 72-1/2.
India Rupee Paper
Bombay, May 4 (Reuter). Govt. 34% Rupee, 93-0-0,
DOW JONES AVERAGE
High Low Dow Jones Avorage, May 3, High Low Close Change
· 15€85.19144 30, Industrials
34.32: 24.16 20 Baila
138.34-131.89 131,86 - Ak off 27.21 36.73 96.08 87 up 2341 23.03-216-34 up 86.4017 up 45.67 0% up Business Done:~~~680,000 shares
(Ger. B$pd, Supl Loan) 18 Jap. 5% Ster. Lóan, 1907 -35 Jap. 6% Ster. Loan, 1924 413 Ger, 7% Intl Lost. 1934 -34 Chartered Bank pinionen - Ti KK & Chai binh tan
Beg.)
HE. & S'hai Bank (Col
Reg.) Litt Chinese Eng. -&- Mining
(bearer) Chosen Corporation. Pekin Syndicate Sthat Mec. Constr Shaf Waterwor
Warner Bros. Pict.
41
Westinghouse Kec.
92
Lung Taing & U. Hai Rly.
.5% S'hai-N'king- Rly. 5%..... 251 Tientsin-Pukow Rly, 6%
(Brit. Stpd.) -Tientsin-Pukow Rly. 6%
(German Stpd.).................... 18 Tientsin-Pakow. Rly, 5%
(Brit. Btpd.Sppl Loan) Tientsin-Pukow Bly. 5%
Leyland Motors
88/9
184
Tate & Lyle...
59/9
Turner & Newall
May
CHICAGO WHEAT 745/748
75/747
75/9
United Steel ..
July
72+/721 721/724
731/7387
23/11.
September
721/721
721/721
731/78£
៩៩
up
181
Smethwick Drop FOTE... 15/9
Armstrong Stevena, ord. 7/6
Wednesday's Bales:-14,819,000 bushels."
Pressed Steel, com. 18/6 Vickers, ord.
18
Woolworths
19/3 81
May
July
CHICAGO CORN. 481/431 50/501 501/50
491/49
-50%(80%
Anglo-Dutch
29/31
Woodward Iron Cor.
18,
September
511/511 511/514
517/512
Chase National Bank
311*
National City Bank
Lex dir.
;
Rub. Plant. Invest. Trust 25/32 Burma Corporation Commonwealth Mining 1 Marsman Investments. 14/41 Randfontein Estates Western Holdings ........ Sub-Nigel
8/3:
WINNIPEG WHEAT
May
647/641
651/651
July
051/651
651/654
661/565*
up
36/10
Octobe
881/661
661/661
67/671
up
203/9
NEW YORK HIDES: (New Contracts)':
May 5, 1989,
Tanami Gold Mining..... Anglo-Iranian
·June!
10.41b/50a10,40b/45a
September
·10.85/90-
10,85/88 10,77/83":
A
17/0
Burmah
Shell Trans, Be Trad.
{heater)
81/101
81/3.
NY, Bilver Official
42-3/4 NY-London Cross Rate 4.68-3/16
42:87/4 4.08-178*
September
NEW YORK-STRAITS TIN
48.10b/402 47,955/48.00% 48.00b/30%
10 off