MAY 7, 1939
Last Sale
STOCKS
May 6
.71
Int. Tel & Tel.
Alleghany Steel Co.
16
Johns Manville
Allied Stores
73
J&Laughlin Steel $7 pid. 37-
Allis Chalmers
33
Kennecott Copper
Amerada Corps.".
Libbey-Owens-Ford
88
Lockheed Aircraft
Amer. & Foreign Power Ameri & Foreign
..21
Loew's Inc.
pf.... ·· 15j*
Manhattan Shirt Co.
337
Martin, Glen L
173
McKesson, Robbins
28*
Monsanto Chemical
21
Montgomery Ward
142
Wat, Dairy Products
42
Nat. Distillers
National GypsuIn
1581
National Load
83
Nat. Power & Light
91
National Steel Corp.
241
Nat. Supply Corpn.
28
New York Central
23
Niagara Hudson Power
51
N. American Aviation
137
North American -Co.
14
Northern Pacifc ..
22
Pacific Gas & Elec.
Bethlehem Steel
551
Pacific Lighting
Boeing Airplane Co.
221
Packard Motors
Borg-Warner........
244
Paramount Pictures
可
Biggs M'facturing Brooklyn-M'hattan Trans.
20*
Pennsylvania RR:
112
Phelps-Dodge
42
Philips Petroleum
34
Public Service of N.J.
Pullman Inc.
181
Pure Oil..........
32!
Radio Corpn. of Am.
691
Republic Steel
Columbla Gas & El..
61
Reynold Tobae, "g"
MONEY AND
EXCHANGE
PAGE 12-HUNGKONG "DAILY PRESS
EXCHANGE
LONDON METALS
SILVER MARKET
LONDON SILVER
STOCK MICHANGE
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- 4850OCIATION
London, May 5 (Reuter)."
COPPER
London, May # (Reuter). % Silver-Some Indian
CLOSING QUOTATIONS
MAY 6, 1939
On London:--
Telegraphic Transfer. 1/1 11/16 Bank Bills, on demand/2 11/18 Credits 4 months' sight 1/3
£
Standard, Cash 43
Standard..
11
buyers sellers
£ 42-1/8
Speculators
bought Business moderatë. Market steady.
and
Buyer demand. sold.
Balleri
Nom
SATURDAY
MAY.
6.J
Bogers „Ballers
Below
Joadas
Banks
Spot, 20-3/8d.
Forward, 20-3/16d:,,
$1885 $1395 $1360
H.E. Banks
On demand
On Shanghai:-
On demand
On Singapore:--
-On) Japan (---. |
On demand
On India:
On New York:-
Un Batavia ----
4
On demand
On Paris:-
Bank Bills, on demand 1080 Credits 4 months" sight 1128
Un Saigon
On demand
107 3/4
On Manila: —
On demand
On Bangkok-11
On demand
37 /12
151 1/4
Sterling Notes:-
Bank Buying Rate
Bar Silver per o
1/2 7/8 20 1/4
3 months 42-3/8 ̧ ̧.
47-3/4 Electrolytic
TIN Standard, Cash -225-1/4 Standard.
42-7/18 48-3/4
225-1/2
NEW YORK SILVER
New York, May 6 Reuter). Official Price, unquoted,
£13 $80
BOMBAY SILVER
177
12 5/8
100
31 3/4
3 months 222-3/4
LEAD
223-1/4
3 months 14-97161
SPELTER
Foreign,
Official Price 14-6/18 14-7/18 Foreign Oficial
-14-5/8
Bombay. May 6 (Reuteri. Market Quiet. Offtake 50 bars
$226
$440 | #449}
Ladian Mint Sliver
Telegraphic Transfer.
and demand
Bank Bills, on demand 28 69
Credits, 60 days' sight 89 1/8
Market Report
FROM ROZA BRÖS
·63 7/16-
Ordinary,
Official Price 13-9/16 Ordinary, Oficial
3 months 13-13/16 13-78
Final Afternoon Transactions
Tin, Standard, Cash, £225-1/2 şellera.
Tip, Standard. 3 months, £223 paid and value,
LONDON GOLD
London, May 8 (Renter). Bar Gold, Fine per oz, 148/6. Dollar. Parity.
India Rupee Paper
Bombay, May 8 (Reuter). Govt. 34 Rupee, 93-10-0.
New York Exchange
New York, May 6 (Reuter). T.T. on London-Opening Rate)l.
HONGKONG MINES
Nielson and Co., Inc. Managers the Hongkong Mines, Limited re- port 4620 short dry tons of Ore treated for the" month of April; trom which 477.9 short dry tons of Lead concentrates "were pro- duced averaging 62.87 percent Lead and 14.28 oz. Silver per ton
Canning ractorle, in Canada nad Jun output of approximately 60,- 000,000 pounds of canned fruit and 275,000,000 pounds of canned vegetables in 1938. Apples, pea- ches and pears accounted for ap: proximately 38,000,000 pounds the fruit output while tomatoes, peas, baked beans and. com re- presented practically 90 per cent lol the vegetables.
NEW YORK STOCK EXCHANGE
The price for Ready Stiver was unchanged at 20 1/4 but the For" ward rate rose 1/16 to 20. 1/16.4.68-1/8. Silver advices reported speculators and India as having bought to a small extent. The market was steady. The market closed with in- quiries at the fixed rate for Spot. but sellers were disinclined to bid. American Sliver was quoted at 42 3/4 for Spot.
The London/New York cross-rate was quoted at 468.12. New York/ Lendon was quoted at 488.1/8.
Market
• Steady but dull.
Sterling
The
A small business was done early in the morning at 1/2 25/32 for cash and 1/2. 3/4 October. market closed with sellers at, 1/2. 3/4 May/October and 1/2. 23/32 November/December, buyers at 1/2 13/16 for cash, 1/2. 25/32 June/
November and 1/2, 3/4 December.
U.S. Dofiars
非
Business was reported at. 28 13/16 for May. The market closed with sellers at 28. 15/16 first half May: 28 3/4 June, 28 11/16 July, 28 5/8 August and 28 9/16 September, buyers at 28 7/8 Cash, 28 13/16 first half of June, 28 3/4 first halt
of July, 28 11/18 August and 28
5/8 September.
Shanghai Dollars
Sellers at 178 7/8,
Shanghai Market
Sellers of Sterling at 8. 1/4 for
Spot and US Dollars at 16. 1/16 for Spot
Shanghai Exchange
Shanghal. May 6 (Reuter).
STOCKS
Adams Express
Amer. Can........
Americani Osa & Elec, Amer. Locomotive Amer. Metals Co. Amer: Radiator
Amer. Rolling Mill
Amer. S'ting and Ring Co. Amer. Sugar Ring ...... Amer, Tel. & Tel Amer: Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors... Baltimore & Ohio Barber, Asphalt Co
Barnsdall O....
Bendix Aviation
B'klyn-M'hattan S6 cum pf. Canadian Pacific R'way. Case, JI....... Celanese.....
Chesapeake & Ohio
Chrysler Corpn.
QUOTATION
Ready May 13 Settlement June 15 Settlement
53-08. 53-07 53-06
367
$10
Steambosta
$60
Indo-Chinn
13-5/8-
$24
81/04 Shell
Do. (Col. Rag.} Do. (Lon. Beg.) Chartered Banks ...... Lfarcantile "Eiks." “a” Marcantile Bka, "'Q" Bank of East Asia .......... N. C. & S. Banks ... Insurances Canton InmaTADORE Union InstraDOSS 31.30 Underwriters $150 H.E. Fires
.........................Shipplag. Douglassss
(Prof.)
Indo-Chinas (Det.)...
88.40 Waterboat
Docks, Wharves,
Godowns, etc.
H.K, & K. Wharvon [Providents
Providente (new)
H.K &
Do. (new)
101
Docks... 18
$100 Shangbai Docks 6.
$7.05 New Engineerings S.
17/8 Kailan
$8.55 Raubr
$3
Mining
Vanemela Gold. Fida
4.eta Hong Kong Mi...
Lands, Hotels and
Buildings
II.K. Hotels
u
3101
$17
$101
17/0 $8.55
$3.45 $6.65
$331
...
$104
H.K. Landa.........8...$39
$100 Do 4% Debenture
$8.85 Shanghai Eands
H.K. Realties
Humphreys *****
B
$109 Chinese Estaten ......
Cotton Mills
$181 E (8.)
3 ::tཊྛིདོན
14.10 $4.30
$71
4
$1375
***
***
14
$1
· 3920
C.D.
$1.30
$440 1.3448
$180
867
816
850
$20
81/3
$8.10
SPOT
JULY-SEPT.
!!!
OCT-DEC, se
MONDAY, MAY 8, 1939.
PAYNE
& CO.
COMMODITY BROKERS ·
-STOCK EXCHANGE
BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, May 6, 1939.
SINGAPORE RUBBER
3101
$101
$4.30
818) $17
$16.60
27-3/4
May 5 buyers sellers 77-1/2 27-3/4 ...... 21-5/8 27-7/8
28
May 6 buyers. sellern 27-5/8 27-1/8 27-3/4 28 27-7/8 28-1/8
change
up 1/8
'
14
**
****
*
8321
85:50 $33)
of
84.10 87:
972
#113 B'hal Cottons (8.)
$17.38 $107
SPOT
JULY-SEPT.
$30
::
Zoong Sings (8.)
$40
Wing On Textiles (8.)
$48
'OCT.-DEC:
The market opened 1/8 of a cent higher for all deliveries as com- pared with Friday's closing. quotations.
A
In sympathy with advices received from London and New York dult conditions continued to prevail throughout the session.
Whilst demand for "actuals" was satisfactory, dealers, and specu- lators preferred to remain on side-lines due to overnight cables re- porting on a substantial decrease in Motorcar-production for this week. disappointing Motorcar-sales during April as well as on lower estimates of Crude-Rubber consumption for April in USA. Also the uncertainties surrounding the fixation of the export-quota for the third quarter of this year bad a restraining influence upon ac- tivity.
Closing tone, was quiet.
LONDON RUBBER
Previous close ··
To-day's close buyers sellers Change 7-15/16 8
buyers
sellers
7-15/16 8
unch.
8-1/18 8-1/8 8-1/16 8-1/8
'8-1/8 8-1/4 8-1/8 8-1/4
Public Utilities
JAN.-MARCH
816.30
THE
Tramways
$161 $164
୫୫
Peak Trans. (old) ...
19
$4
Peak Trams (now)
14
$80
Star Ferrine ....
105)
Last Bale
May 6
*
$9,20
80.30
1
701*
aut
8553"
311
$18.80
$351 $16.80
$22.60Y'mati Ferries
Do. (ca)
China Lights (0)
China Lights Hin
K.. Electrica
Macao Electrica: mas
192€
881
$8.30
L
China Lights (New)
եւ
10.40
$551
Glass 42
812
Sandakan Lights.....
26
Telephones (old)
3213
42*
371
Telephones (new)
$7
21/0 Tractions
go
368
22/0 Tractions (pref.)
Industrials
111
$14
Cald, Macg. (Ord.) 8.
961
$13
Caid, Macg. (Fref.) 8.
471
31
Canton Icre
141
$124
$12.001
Cements
251
$3.50 Ropes
8201/191
Miscellaneous
Dairy Farma K, $20
204
814.7 10.10
Dairy Farin Hts.
$12.60
1++
$3,60
$13
Ch. E'tainments .......
86.65
60%
212
Constructiona (old)
84
Constructions
(new)
#H
Lane Crawforda
142
Nanyang Tobacon....
$1.80 Sincares
Market idle.
8-3/16 8-5/16 8-3/18 8-5/16"
The average forecast of last week's stock of rubber in London and Liverpool shows a decrease of 1,000 tons.
NEW YORK COTTON
The continued steadiness induced some new speculative buying and initial prices were higher. The advance in prices gathered momentum as short interests covered. There was still no sign of any reaction and the day's high levels were maintained at the close, The 1939 Cotton acreage has been estimated by private organiza- tions at 25.7 million acres.
NEW YORK RUBBER
"There was hardly any trading as most operators preferred sitting on the fence awaiting the outcome of the 'queta' meeting. "Automo- bile outlook is not so encouraging. Revised estimates of consump- tion are around 45,000 tons for April and 85,000 tons for May-June.
CHICAGO WHEAT
The market recovered from yesterday's reaction on reports of con- tinued lack of moisture in the South-West, To-day's exports were better. The average of private crop estimates to hand places the winter wheat production at 539 million bushels.
$1.80
16
87)
Watsons
Canadian markets closed on Monday,
$7,30
Previous
21
64
Ch. G.6% 1925G 3Bda,
To-day's
64.
B
31%pm
H.A. Govt 4% Loanz
81032
301
par
H.K. Govt. 34% Loan
$100
Dow Jones Industrial Averages
close 131.47*. 131,74
close Change
27
842
H.K. Wing On
45)
'al Wing On-
3
Vibro Piling
973
81
14/43
171
4/3€
32%
81
351
35
251
&
LONDON
B1
16
Opening
38**
Columbia %. "A" pt.
84 *
Richfeld OR
London, May 5
London
New York
Japan.
0/8
Commercial
43P
Safeway Stores
15-5/8
351
Commonwealth & 8. (ord.)
1
| Schenley Distiller,
56-7/8
14
C'wealth. & S. 6%%%" cum pi.
57
Schenley, 54% prd.
5.48
53-3/8
Spot
May
.June
July
Spet
May
June July
London, May 6 (B.W.8.).
Paris
Hongkong...........
Open Market-Selling Rates
Sterling
Opening Closing 0/8-1/4 '0/8-1/4 0/8-7/32 0/8-7/92 0/8-11/64 0/8-11/64 0/8-1/8 0/8-1/8
U.S. Dollars
$18-1/16 $16-1/16
16
16 15-29/32 15-29/32 15-13/16 15-13/18
Market: Quiet but steady
Merchant Rates
Sterling, 0/8-7/32.
Dollars, $16.
Silver Duty Rate
Distillers Corpn. Seagrams 174 Douglas Aircraft
Du Pont de Nemours
Elec. Autolite
The Central Bank of China's Gen. Motors
rate on London at 10 am to-day Gen, Railway Signal was 1/2-1/24, ünchanged from Glidden Co. yesterday.
The Equalisation rate was 61 për Goodrich $3 pi.....
cent.
London Exchange
Closing mean, rates.
Paris, 176-47/04.
New York, 4681.
Consolidated Edison
311
Sears Roebuck
601
£
11
Consolidated Oll
71
Seversky Aircraft
£
31*
Continental Can
381*
Shell Unlon Oll
11.
Continental Oil
23**
Socony-Vacuum Oll
117
Corn Products
.561*
Southern Pacific
War Loan, 31%
after 1952)..... Canton-Kloon Rly. 5%
(Red
92-1/16
121
Curtiss Wright (C)
51
| Southern Rly $5 pfd.
"
Curtiss Wright "A" Deere & Co.
251
Sperry
43
18-
Standard Brands
Bπ
Stand Gas & Elec.
3
€23
Standard Oil of California
26
142
Standard Ol of NJ.
461
Eagle Picher Lead Eaton Mig. Co.
9 *
Etone & Webster
Chinese 5% Crisp Loan,
"103
1912
221
Swift International
Chinese 5% Reorg. Loan,
282
Technicolor
Elec. Bond & Share
161
1913 d. I.)
8
Texas Corpn.
Elec. Bond & Share $5 pf.
Texes Gulf Sulphur
Elec, Bond & Share $6 pf.
611*
Trans-America Co......
Elec. Fower & Light $7 pf.
261
20th Cent, Fox.
Flintkote.
191
20th Cent, Fox. $1) pf.
Food Machinery Corp.
23
Union Carbide & Carbon
Gen. American Trana
444
Union Pacific ...
Gen. Electric
341
United Aircraft "..
441
United Airlines Trans.
16***
United Corpn.
United Corp. $3 cum. pf.
Goodrich (B.F.)
161
United Gas Corpo......
United Gas Improvement
**** | Goodyear Tire & Co.
261
UB. Exbber
Great Northern Iron Ore Great Northern Ry, pid.
127*
|UB. Rubber $8·pfd,
201
U.S. Steel
Great Western Bugar ..............
27
Vanadium
Greyhound Corpn.
181
Warner Bros. Pict.
Hecker Products
11
Westinghouse Elec.
Homestake Mining
851
Woodward Iron Cor.
Industrial Rayon
*191*
Chase National Bank
International Harvester
574*
Montreal, 4.70)
Brussels, 27.501.
Milan, 89.
National City Bank
Int. Nickel
478
*_bid.
11-ex. dlv.
DOW JONES AVERAGE
1929
May 7, 1939.
154.85 181,44 30 Industrials
34.33 24.14 -20 „Balta :
28.51 20.710 Dülibien
49.12 45.59 : Commodity Jadex 48.82
Berlin, 11,684.
Buenos Aires, 2010;
Other rates were unchanged
Calcutta Exchange
*** Calcutta, May 6 (Router). T.T. on Japan, 78-1/2,
Chinese 5% Ster. Notes,
1925 (Vokers)
Chin. Imperial - Fly. 5%
Loan .....
Honan Rig. 5%
Hukuang Rly. 5%, 1911...
Bokuang Rly. 5%. 1911
(German Issue). 201
Lung Teing & U. Hai Rly.
S'hat-N'king Rly. 5% 251
Tientsin-Pukow Rly. 5%
(Brit. 8tpd.)
Tientsin-Pukow Fly, 5%
"(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan). Tientsin-Pukow Rly. 5%
(Ger. Stod. Bupi Loan) 18
18
Jap. 5% Bler. Loan, 1907 351 Tap, 6% Ster. Loan, 1024 42 Ger. 7% Intl Loan, 1024 34- Chartered Bank
BK & S'hal Bank (Ldn.
Reg.)
HK. & S'hai Bank (Col
Reg.)
High Low Dow Jones Averages, May 5, High Low Close. Change Chiness Eng & Mining
BR.33 87.08 40 "Bonds
131247 / 153,01.171.43 181.74 .87 up (bearer)
26.88 28.23 36.85 28.88 02 up Chosen Corporation 22.00.
23,13 22.95 23.10 20 up Pekin Syndicate 88.45
88.45 17 ap 48.83
9'hal Elec. Constr. Co. 02 up Burinam Demme-180,000 shares... | Bhat Way
Smethwick Drop Forg... 15/9
Armstrong Stevens, ord. 7/8. Pressed Steel, com 17 Vickers, ord.
Rub. Plant. Invest. Trust 25/9 Burma Corporation 8/3 Commonwealth Mining 1 Marsman Investiments... 14/4) Randfontein Estates.... 38/104 Western Holdings 11 Sub-Nigel
Tanami Gold Mining.............. ·3d". Anglo-Iranian
Burmishiter
381
28**
53
74
932
371
101
2་
5%
127
381
97
47
19원
5
.923
17*
32*.
243
$ ཞུ་ ལྷ སྐུ སུ ཚུ ཚ ུ ཿ ཋ སྐག ཝ ཚོ
1898 (Brit. Issue).... 19 Chinese 41% Gold Loan,, "87
Chinese 5% Gold Bonds,
1925-447
Chin. 41% Anglo-French
Loan, 1908
Cable & Wireless, New
Form, ord........
B.-A. Tob. (bearer)"
Union. Insurance
301- Gula Kalumpong Rubber 17/6 Allied Ironfounders...... 18/71 Asso. & Elec. Industries 37/104 Austin Motors, ord.
30
Maramans Inv. (Lou.)
Marsmans Inv. (H.K}"
Wm. Powella...............................
Balos
to. Shanghai
STOCK EXCHANGE
(REUTER'S SERVICE)
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, July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, July
Close Close Change
8.36 8.31. 8.31 8.38 .05, un 16,00 15.98 16.04 15.98 .06. off 741 731 732 74 † 20 51+ 51 511 51+ €61 B81 657 681 10.57 10.45 10.452 10.57
NEW YORK COTTON
Close
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Prev. To-day's
High
Low
unch..
קט!
.12 up
-Opening Closing
Change
444
95/71
May July October
8.61 N.
8.84/65
8.67/67
08 up
8.31/31
8.34/34
8.38/38
7.81/82
7.85/85
7.86/86
05 up .04 up
Cammell Laird, ord. Mexican Eagle
8
December
7.84/64
7.69/70
7.72/73
.00 up
8/4
Courtaulds
Distillers
January
7.63 N
7.70/71
7,73 N
מע 10.
24/6
March
7.63/63
7.71/71
$7.72/72
09 up
33/9
Spot
9.31. N
9.36 N
05 up
Dunlop' Rubber
25/9
Gen. Electric (England) 79/41
NEW YORK RUBBER
Quinness (A) Son & Co. 103/9
May
15.93/99
Hawker Siddeley Arc 18/6 Bristol Aeroplane
July
16.04704.
-16.00b/031
20/3
Imperial Chemical Ind. 30/6 Imperial. Tobacco 12/45 Marks & Sp'cer "A" ord. 59/9
Séptember December March
10.04/06
18.00b/051
16.08h/07
16.00b/038
16.10 N
16.00b/03a
16.00b/02% 16.02/02
15.85b/90a 15.08/08 .06 off
15.086/16.01a 04. off
·05 oft .08 of
..03 of
To-day's Sales:--210 tons,
Rolls Royce
... 104/4
Leyland Motors
18
Tate & Lyle
Turner & Newall. 76/8. United Steel
23/3
88/9 59/10
May July September
CHICAGO WHEAT 742/741
→ 7514751
-731/731 737/132
**** 731/731
737/738
737/74 731/731
Friday's Sales:-19,189,000 bushels.
CHICAGO CORN
19/41
Woolworths
Anglo-Dutch
61/3
***** 23/9
May July September
493/481
491/492
511/614 511/514
511/51+
unch.
617/62
52/517-
517/52
WINNIPEG
WHEAT
May. July October
65/65
651/65#
657/657
0817601
661/684
661/67. 671/671. 077/673
208/9
June
17/6
.... 80/71.. 81/101
Shell Trans. da Trad.
(bearer),
NEW YORK HIDES: (New Contracta)
10.41b/45a 10.41b/45a 10.57/57 September
10:80/82 10.80b/858 10.96/98 NY, Silver Official ...... 42-3/4”
-unquoted. NY-London Cross Rate 4.68-1/8
817301
-Nomina
NEW YORK-STRAITS TEN
48.05b/40a -- 48.056/358- 60 upSeptember
468-1/8