TUESDAY, MAY 16, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)"
PAGE 12-HUNGKONG DAILY PRESS
MONEY AND
EXCHANGE
||
H. K. STOCK
EXCHANGE
Wharves, Providents, Hotels and
CLOSING QUOTATIONS Watsons, changed hands in fair
On London:-
MAY 15, 1939
Telegraphic Transter. 1/8 23/33 Bank Bills; on demand/2 13/32 Credits 4 months' sight 1/3
On Shanghai:~
On demand
178
On Singapore:-
On demand
52 5/8
On Japan:-
On demand
108 1/8
On India:-
Telegraphic Transter. 61 7/8 and demand
On New York:---
Bank Bills, on demand 28 11/18 Credits, 60 days' sight 19 3/18
Un Batavia:-
On demand
On Parts:-
53 1/4
Bank Bills, on demand 1383 Credits 4 months' sight 1185
Un Saigon Y----
On demand
On demand
On Manila;~,
37 5/8
On Bangkok ---
On demand
131
Sterling Notes:--
Bank Buying Rate
... 1/139/32
Bar Silver per o
20 1/16
Market Report
FROM ROZA BROS
were
Sve: prices
unchanged over the week-end the quotacions being 20 1/16 for Ready and 19 7/8 for Forward. Shiver advices reported the market as being steady with a small Indian de- mand. American Silver was quot- ed at: 2 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
Quiet.
blocks during the day, whilst Docks, Electrics, Trams Dairy Farms Ex Rights, Dairy Farms Rights, also attracted some attention though on a slightly smaller scale. With buy- ers and sellers being fairly evenly balanced, prices remained steady.
BUYERS"
Hongkong Bank, $1350. Union Ins., $430. HK. Fire Ins., $180.
H.K. & K. Wharves, $106.
H.K. Docks, $17). Humphreys, 7.80.` H.K. Tranyways, $16]. Star Ferries, $85).
China Lights (0), $8.40. HK. Electrics, $56. Telephones (N), $7ł. Canton Ices, $1. Cements. $12}. K.K. Ropes, $3.65.
Dairy Farms Ex Rts., $211.
Dairy Farms Rts.. $15. Watsons, $7.90.
Wing On (H.K.). $41.
Entertainments, $6.55.
HK. Govt. 4% Loan 31% prem. HK, Govt. 34M Loan par. Macao Electrics. $16.60.
SELLERS
H&S Hotels, $5.85.
China Lights (N), $5,60. Watsons, $8.
Macao Electrics, $17.
SALES
Hongkong Bank, $1355.
H.K. & K. Wharves, '$107.
H.K. Docks, $171.
H & S. Hotels, $51.
Humphreys. 57.80.
HONGKONG
SHAREBROKERS'
ASSOCIATION
on Monday, May 15, 1939, Telephones (0)
TTITAS Trams
China Lights (0) China Lights (N)". Electrics Lands
*FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS“ ASSOCIATION
STOCK EXCHANGZ
Bayer Baller
Belve Noralmal
MONDAY 15.
Purses Saliven
DalesWomina li
300 $24.00
2:00
200 ∙16.60 100 16.70 544 8.50 5.50
1360
1355
MAY.
Banks
H.K. Banks
1335
Da. [Col Rag.)
£84
De (Lcn. Bag.)
27
Chartered Banki
50
58.25
527
Mercantile Bka. "A"
40·34.00
H.K. Tramways, $16.70/60: HK. Electrics, $58). Sandakan Lights, #124. Dairy Farms Ex Rts, $214. Dairy Farms Rts, $151. Watsons, $8/7.05.
PHILLIPPINE MINING QUOTATIONS
! :
213 $90
Marcantile Bks. "C"
Baak of East ABİA ... N. Č. & B. Banks ... Insurances
$140 Canton Insuranoss 4437Union Insgrances $1.30 Underwritału
#1
C.D. $930
$1.35
J
$150
*
H.. Fire
$4371 $180°
Shipping
$87
Dongiskom
387
+++
315
Steamboats
860
Indo-China (Pref.)
$16 $50
$14
Indo-Chinas (DxŠ)...
$20
Centavos
83/1
Shells
30
::
83/11
88.40
Baguio Cold
241
Benguet Consolidated
11,80
Watarbosis .......................
Godowns, etc.
$8.40
SPOT
Docks, Wharves,
JULY-SEPT.
OCT.-DEC.
Coca Grove
37
$104.
$105
H.K. &-E. Wharves
·3104
53
$43 $4.95 $4
Providenta
1.05
Providents (new)
T
0171
69
H.K. & W. Docks... #17) | #177
23
Do. (new)
1107 Shanghai Docks 8.
42
17
New Engineerings §. Mining
J
19/6 Kallans
$8.16 aube
38.10
8101 201
19/8
ม
Antamoks
I. X. L.
San Mauriciu
United Paracale
Itogon .....
*** North Camarines
PHILIPPINE GOLD MONING
QUOTATIONS
Monday, May 15, 1939.
Centavos
Antamoks
30
Baguio. Gold ....
241
Benguet Consolidated
11.80
Coco. Grove
37
361 $341
$5.88 53/5.80
Itogon ....
23
417
53
24.45
San Mauricio
1,00
#71
United Paracale
59
North Camarines
421
I X. L
Market Comment-Quiet.
NEW YORK STOCK EXCHANGE
A small business" was reported Amerade Corps.
QUOTATION
****
$3 Venezuela GoldTM Fide
4 ota. Hong Kong Mines ...
¡Lands, Hotels and Bulidings
H.A. Hotals........... H.K. Landa..........
$100, Do. 4% Debentures
.60 Shanghai Lande 8. H.K. Baltic ......... Humphreys w
$102 Chinese Estates"......
Cotton Mills
$1870 Ewa (8.)
#112 S'hal Cotions (8.)
$30 Zoeng Singa (B.).... Wing On Textiles (8.) Publie Utilities
840
131
$34
##
:
::
:::
!!!
$18.70 $113
**
$42 3181
New York. May 13, 1989.
SINGAPORE RUBBER
May 13 buyers sellers 27-3/4 28
May 13 buyers sellers 27-5/8 77-7/8
change off 1/8
27-3/4 28
27-5/8 27-7/8
27-7828-1/827-3/4 23...
The market opened 1/8 of a cent lower for all deliveries as com- pared "with Friday's closing rates.
In sympathy with easier advices received from London and New York the market exhibited a quiet and dull undertone.
Although fair. demand for "spot" Rubber continues to be in evidence, both dealers and speculators prefer to maintain side-line- positions in view of the impending quota-announcements, Con- sequently activity is at a low ebb, the volume of business transact- ed remaining moderate.
In some quarters the opinion prevails that apart from the statistical position and the fair consumption-outlook the "I, R..R. Committee might be inclined to grant a more liberal release with a view to excluding Rubber from the Anglo-American Barter-plan, thus affording an opportunity of building up reserves from which the interested governments might draw. necessary supplies when requested.
LONDON RUBBER
Previous close To-day's close buyers
sellers buyers sellers Change
JULY-SEPT.
$18.60
Tramway
$16.80 $16
OCT.-DEC.
STOCKS
Inst Sale
MAY 14, 1939
STOCKS
at
Peak Trams (old)
$5
May 13
Last Bale May 13
$861
Peak Trams (DOW) Star Ferries
#4
SPOT
7-15/16 8
8
8-1/8
8-1/8
8-3/16
JAN.-MARCH
8-3/16
8-1/4
Market closed.
#1
CLOSED
Adams ExpreBA
71
Int. Tel & Tel.
7
1-
$23.70 Y mati Farrios
Do. (2)
$924
$32.60
Alleghany Steel Co. Allied Stores "
18
Johns Manville
71
$8.40
***
77
J. & Laughlin Steel $7 ptd. 38*
Sterling
Allis Chalmers
331
Kennecott Copper
313
| Libbey-Owens-Ford
Glass
431
$581
$18.60 $16.70
at 1/2.27/33 for near
13/18 for October delivery.
and 1/2.
The at
Amer, Can..............
86
Lockheed Alreraft
551
$121
Amer. & Foreign Power
2
Loew's Inc. ..
432
market closed with sellers Ameri & Foreign $7 pf.... 1/2.13/16 May/September, prob- American Gas & Elec. ably October and 1/2.25/32 Nov. Amer. Locomotive buyers ut 1/2 Amer. Metals Co.
ember/December,
27/32 Cash/October and 1/2.13/16 Amer. Radiator November/December.
Amer. Rolling Mili
U:S. Dollars
$24
178
Manhattan Shirt Co.
337
Martin, Glen L
351
171
29/0
McKesson, Robbins
13
28
Monsanto Chemical
98
China Lights (0) 16.00 China Lights (New)"
B.K. Electrics
Macao Electrica Sandakan Lights Telephone (old).................
374 Talaphones (new)
20/0 Tractiozza
Tractions (prof.) ... Industrials
$8.40 $5.40
China Lights Rt.
606+ 858,
$24
371
22/
$14
· 12
Montgomery Ward
Cald., Macg. (Ord.) 8.
481
$18
14
Cald., Macg. (Frof.) 8.
51
at. Dairy Products
142
Canton Ice
81
Amer. S'ting and Ring Co. |Amer, Sugar R’ing
41
Nat. Distillers
#12)
Cements
$12.55
19
National Gypsum
12
$3.66
Bopos
$3.6€
There were sellers at 28 7/8 Amer. Tel & Tel May/June, 28 13/15 July/August Amer. Tobacco "B" and 28 3/4 September, buyers at Amer. Waterworks 28 15/16 May/first half June, 28 Anaconda Copper 7/8 July/first half August, and 28 Atchison, T. & S. Fe. 13/16 September.
1611"
80)
24
281
Auburn Motors...
Shanghai Dollars
Baltimore & Ohio
179 3/4 for Spot.
Barber Asphalt Co
Barnsdall O
14
Shanghal Market
22
Bendix Aviation
Sellers of Sterling at 8.1/4 for Bethlehem Steel Spot and U.S.$ at 10 1/18 for Bliss & Co. Spot.
56
Boeing Airplane Co. Borg-Warner
22
|Biggs_M'facturing
201
AFTERNOON MARKET
Shanghai Dellars
Steady.
Sterling
| Brooklyn-M’hattan Trans. B'klyn-M'hattan $8 cum pf.
Canadian Paciic R'way.
The market Anished with sel- Case, J.I. lers at 12.27/32 Cash, 1/2.13/16 Celanese ... June/October and 1/2.25/32 Nov- Chesapeake & Ohlo ember/December, buyers at 1/2. Chrysler Corpn. 7/8 Cash, 1/2.27/32 June/October Columbia Cas & El. and 1/2.13/16" November/Decem-Columbia 6
ber.
US. Dollara
The market closed with sellera Consolidated Edison at 28 15/16 for cash, 28 7/8 May, Consolidated Oul probably June, 28 13/16 July Continental Can August and 28, 3/4 September, Continental Of buyers at 29 for cash, 28 15/16 Corn Products ........ probably first half of June, 28 7/8 Curtiss Wright (C) July/August and 28 13/16 Septem-Curtiss Wright "A".
ber.
179 3/4 "sellers.
Shanghai Exchange
Shanghai, May 19 (Reuter):
ཊྛངཝམོ ཡ,༥༠ཡམྦྷ )+ཡོ
National Load
193
Nat. Power & Light
3214
74
Miscellaneous
Dairy Farms 25 1616,
✈
$15.70
National Steel Corp.
Dairy Farm Rts!
$15
607
$8.66
Ch.
Etainmente
88.65
L
Nat. Supply Corpn.
82
94
Constructions
(old)
NEW YORK COTTON
The tone of the market continued to be good at the opening. Prices advanced with the increased activity in the market on trade and foreign buying. Short-covering was also noted, and May option remained firm. The market closed frm with prices main- tained at the day's high levels.
"NEW YORK RUBBER
The market continued to be dull and featureless. Measured. by...... price movements, traders were still hesitant because of the pending ""quota" decision. In terma of volume, trading was very much limit-
ed. Prices again moved slightly lower."
CHICAGO WHEAT
The market opened with a better tone to day. There was an early advance in prices on speculative buying and short-covering. Later, the tone of the market was slightly - eaaler, but the closing prices remained almost at the day's high levels.
New York Central
147
Constructions
(DOW)
Niagara Hudson Power
J8
62
Lane Crawfords
$8
|N. American Aviation
15
Nanyang Tobacco....
13*
North American Co. ....
214
$1.80 Bincares
$1,60
Dow Jones Industrial Averages
Previous
To-day's
close
close
Change
132.18
"132.40
up 24
$7.00
Watsons
$7.00
Northern Pacifle
81
*84%*.
Cb. G.5% 1925G $Bda.
644%
Pacific Gas & Elec.
301*
31%pm
H.K. Gort. 4% Loss
$1037
Packard Motors.
Pacific Lighting
Paramount Pictures
46 *
par.
H.K. Gort. 34% Loan
9100
3}
ex.div
H.K. Wing On
146
81
233"
Pennsylvania R.R.
18
Phelps-Dodge
311
| Phillips Petroleum
351
4/3
$1
=
Public Service of N.J.
351
Pullman Inc.
261
Pure Oll....
71
17
Radio Corpn. of Am,
81
LONDON
STOCK
121
Republic - Steel
151
672
Reynold Tobac. "B"
381
61
Richfeld On
81
"A" pt. Commercial ... Commonwealth & B. (ord.) C'wealth & S. 6 cum pt.
851
Safeway Stores
381
London, May 12,
45
Schenley Distillers
11.
| Schenley, 54% pfd.
59
Sears Roebuck
72
Had Wing On ......
Vibro Piling
| 1473 | Maramans Inv, (Lon.)
Maramans Inv. (H.K.)
Wm. Powelle
to Shanghai
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.
N. Y. Commodity Market
(By. Courtesy of Messrs. Swan, Culbertson Fritz and S. E. Levy & Company)
New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat. July New York Hides, July
High → Low Close Close Change B.52 8.44 8.45 8.52 .07 up 15:05 15.95 18.00 15.95) 05 off =
734741 1 up
Prev. To-day's
New York Cotton, July
314
Seversky Aircraft
31
£
74
Shell Union Oil ......
11 •
367
Socony-Vacuum Oli
12
23
Southern Paciós .....A..
13
War Loan, 34% (Red)
after 1952)
927 Canton-Kloon Rly. 5%
Union Insurance
901.
Gula Kalumpang Rubber, 17/8 Allied tontounders
May
18/9
July
572
Southern Rly $5 pid..
201
51 Sperry
********.....
423
251
Standard Brands
B
1898 (Brit. Issue)...... 19 Chinese 44% Gold Loan, 67) · Chinese 5% Gold Bonds,
Asso, & Elec. Industries 38 Austin Motors, ord.
October
30/44
December
Deere & Co.
191
Stand Gas & Elec.
3+*
1925-47
84+
Cable & Wireless, New
Form, ord.
January
401
Distillers Corpn. Seagrams Douglas Aircraft-
18
Standard Oil of California
254
Chin. 4% Anglo-French
B.-A. Tob (bezzer)
631
Standard Ol of N.J.
481
Loan, 1808
Cammell Laird, ord. ....
Du Pont de Nemours .......
1424.
Stone & Webster
Chinese 5% Crisp Loan,
Mexican Eagle
Eagle Picher Lead
81*
Swift International
274
1912 ......
38***
Courtaulds
March 27/0...... Spot... 8/6 9/11 24/101
75
.734
52
514
--- .667 .... ........ 65$- 10.75 10.65
65
517517 sunch.
661
up 10.76 10.75 01 off
NEW YORK COTTON
Close
Opening
Closing
Change
8.02/03
8.95/96
9.04/05
12% up
8.44/45
8.44/44
8.51/52
BT up
7.83/84
7.83/84
7.94/94
7.62/63
7.82/82
7.75/775
.12 up
7.82/62
7.82/82
7.74 N..
12 UD
7.57/57
7.59/80
7.59/60
12 up
-944-2.
-9,51 N
קש 10
Note: The last Motice day for May Cotton is May 16
NEW YORK RUBBER
Eaton Mig Co.
Technicolor
16
Chinese 6% Reorg. Loan;
Distillers
Elec. Autolite
291
Texas Corps.
371
1913 (Lan. (a)
Elec. Bond & Share
8.
Texes Gulf Sulphur
"231
Chinese 5% Ster. Notes,
Opening
Elec. Bond & Share $5 pr.
Trans-America: Co. pl.
51
1925 (Vickera) ................
London
New York
Japan
Paris
0/8 15-5/8
Elec. Bond & Share $6 pl. Elec. Power & Light. 27 pi.
827
20th Cent. Foz.
201
20th Cent. Fox. $li pf.
Hongkong
Open Market Selling Rates
56-7/8 5.48 53-3/8
Flintkote
191*
Union Carbide & Carbon
74
Chin, Imperial. Rly." 5%
Loan Honan Rly. 5%
Food Machinery Corp, -
271
Unton Pacific....
94
Gen. American Trans.
48
Hukuang Rly. 5%, 1911... 22 Hukuang Rly. 8% 1811 ..
United Aircraft
371
Gen. Electric
341
(German Issue)
United Airlines, Trans.
Ger Motors...
427
Sterling
United Corpn.
21
Den. Railway Signal
184
United Corpm. $3 cum pt.
Lung Taing & U. Hai Riy,
5%
Spot
Opening 0/8-1/4
Clang alidden Co.
United Gas Corpn........
S'hal-N'king Rly. 5%..... 28
8 € 88 $ 28
Dunlop Rubber
89/3. 27/3
May
15.90b/92a
15.00/90
171
Gen Electric (England) 79/9 Guinness (A) Son & Co... 108/6 Hawker Siddeley Arc.... 19/11 Bristol Aeroplane #
20/71 Imperial Chemical Ind. 30/14 Imperial Tobacco
120/101
July
15.98b/18.00a 15.94b/18.08 15.95/95
...08 off
September
18.00b/04a
December March
... 16.04. B Total Sales-00 tork.
16.01b/94a
15.98/98 15.88b/10.028 02 off 16.00b/01a 18.00b/03x .01 off
16.03b/06
02 up
Marks & Sp'cer "A" ord. 60/73
CHICAGO WHEAT
201
Rolls Royce
106/3
Leyland Motors
90
May
781/781
701/792
184
Tate & Lyle...
60/11
July
Turner & Newall
76
September
131/731 : 734/73} 731/731 731/731
747/743
747/744-
2
0/8-1/4
May June
Goodrich (B.F.)
0/8-7/32 0/8-15/64 Goodrich'$5 pf.-
17:
United Gas Improvement 121
U8. Rubber
38
Tientsin-Pukow Rly, 5%
(Brit. Stpd.).
United Steel
24
Friday's Sales:~16,243,000 bushels.
18
Smethwick Drop Forg.... 15/9
0/8-11/64 0/8-3/18
Goodyear Tire & Co.
26-1
Tientsin-Pukow Rly. 5%.
U.S. Rubber 38 pfd.
981
Armstrong Stevens, ord. 6/6.
July
0/8-1/8 0/8-1/8
Great Northern Iron Ore wi
13
U.S. Steep
483
U.S. Dollars
Great Northern Rly; pfd
201
Vanadium
19
Spot
May June July
18-1732
Greyhound Corpn." 16-1/32 15-29/32 15-15/16 Hecker Products
$10-1/16 316-1/18 Great Western Bagar ......
Warner Bros. Pict.
18
Westinghouse” Elec,
111
Woodward Iron Cor.
18
15-13/16 16-13/16
Homestake-Mining
64
Industrial Rayon
181*
Market:Quiet but steady.
7
Merchant Rates
Sterling, 0/8-7/32,
Dollars, $16.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, to-day was 1/3-1/21, unchanged from Saturday,
The Equalisation rate was 51 per
sent
Chase National Bank | National City 'Hank'..
32+ 251*
International Harvester Int. Nickel
584
71
481
bid.
t-ex. div. DOW JONES. AVERAGE.
HK. & S'hai Bank (Lán.
Reg.)
(German Stpd.) Tientain-Pukow Fly, 5%
(Brit. Stpd. Supl: Loan). 18 Tientsin-Pukow Rly. 5%. (Ger, Stpd. Supl Loari) 18 Jap. 5% 'Bler, Loan, 1907 · 381 Jap. 8% Ster. Loan, 192444 Ger. 7% Intl. Loan, 1924 35 Chartered Bank
Woolworths
Anglo-Dutch
Rub, Plant, Invest. Trust: 25/3 Burma Corporation 8/44 Commonwealth Mining.. 1. Maraman Investments... 15 Randfontein Estates · Western Holdinga
CHICAGO CORN
Pressed Steel, com..
19/9
Vickers. ord.
19/6
May.
62/3
July
50/500 613/517
501/501
51#/51} --
517/514
2.5
September
521/5212 52/521
524/521
WINNIPEG WHEAT
May
647/647
052/06
July
052/60
38/8
October
67/67
651/661 651/67
661/607
477/68
- 12/7)
HK. & 8'hai Bank (Col
1939
High Low Dow Jones Arorangan 15485 121.44:20 Industriais
3433. 2414-30. Baile,
28.53 20.71 20 Utilitza 99.32 87.06 40. Bonda
49.11 45,59 T1 Commodity Index 49.20
Basin
May 14, 1989, May 12, High Low Close 13216- 133.79 1829118240
27.13
27.36 7.28 27.39 23,17
21,25 23,19 93,15 88,0)
8874 48.01 31 up Consź-180,000 sharon
Reg.)
Sub-Nigel is 216/3. Tanami Gold Mining.... 3d Anglo-Iranian
NEW YORK HIDES
June
Change ..24 up
19 up Chosen Corporation
1.06 up
07 of Pekin Byndicate
hat Bsc. Constr. Co
S'hat: Waterworks »“A”.
Chinese Eng & Mining.
(bearer)
Burmat
79/41 81/3
19/6
5/6
Shell Trans; dr⠀⠀ Trad.”
(bearer),
10.76/76" 10.70/65 Beptember...
-11.14/15 NY Bulver, Oficial...
42-3/4 NY-London Cross Rate 4.68-3/16
10.71/75
11.07/07
1111/11
unquoted,
468-1/8
·83/1+
-Nominal:
September
NEW YORK STRAITS TIN.'
47.85b/48.302 47.70b/48.200 47,695/4600 30 of
}