STOCKS
Last Sale
STOCKS
May 15
Adams Express
Int. Tel & Tel.
PAGE 12-HUNGKONG. DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS | London Exchange
MAY 18 1939
On London:-
Telegraphic Transfer. 1/3 33/32 Bank Bills, on demandl's 23/34 Credits 4 months" sight-1/3 On Shanghai;-
On demand
Un Singapore:-
"On demand
On Japan:-
178.
19 6/8
15 1/8
Telegraphic Transfer.
817/8
On demand.........
On 'India:-
ཎྜ ཟྭ ࿄ €་ྒུ་ ཚྭ ï
and demand Un New York:-
Bank Bills, on demand.8 11/18 Credits, 60 days' sight đủ 3/16 On Batavia :-
53 1/8
Un demand
"On" Paris
Bank Bills, on demand 1:83 Credits 4 months' sight 1125
On Salxon
On demand
יי
105
•
On Manila;-
On demand
57 BA
On Bangkok '------
On demand
151
Sterling Notes:-
Bank Buying Rate
... 4/2 29/32
Bar Silver per og
20, 1/9
Market Report
FROM ROZA BROS Silver prices rose 1/18 yesterday. for both deliveries, the quotations being 20 1/8 for Ready and 19 15/16 for Forward, Silver advices reported a steady market with In- dia inclined to buy, Sellers were Teserved. American Silver was. quoted at #2 3/4 tor Spot.
The London/New York cross-rate was quoted at 468.25, New York; London was quoted at 488.1/4.
Markot
Londen, May 16 (BWS), Closing mean rates. Paris, 178-47 / 84.
New York, 1.68-9/32.
Montreal, 4.891.
Brussels, 27.511.
Geneva, 29.84.
Amsterdam, 8,681- Milan, 89
Berlin, 11.661.
Buenos Aires, 20.23.
Montevideo, 181.
Bombay, 1s, 5-29/32d, Hongkong. 1s. 37d Other rates were unchanged
Calcutta Exchange
Calcutta, May 15 (Reuter). TT on Japan. 78-1/2.
India Rupee Paper
Bombay, May 15 (Reuter). Govt. 3 Rupee, 95-04-0.
New York Exchange
New York, May 15 (Reuter). T.T. on London (Opening Rate). 4.68-3/18.
LONDON GOLD
London, May 15 (Reuter). Bar Gold, Fine per oz., 148/54. Dollar: Parity.
a
SILVER MARKET
LONDON SILVER
London, May 15 (Reuter). Suver-India was inclined to were reserved. buy, but sellers There was good 'demand under the rates Market quietly steady. In the afternoon, the market was quiet but steady, with India a buyer at the rate, but sellers were reserved.
Spot, 20-1/8d.
Forward, 19-15/16d.
NEW YORK SILVER
New York, May 15 (Reuter), Official Price, 42-3/4.
EINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
$1360
SHARKBROKKES- ASSOCIATION
Nominal TUESDAY 18.
MAY.
Banks
H.K. Banks
Bayer Baliere Sale Womina
$1355 $1370
Bayers Ballerz
!!!!!!
$130
BOMBAY SILVER
Bombay, May 15 (Reuter). Market Qulet but steady.
Oftake 50 bars.
Indian Mint Silver
"Ready"
June 15 Settlement July 12 Settlement
53-01 52-15
1106
$107
*
52-12
$4,80 |- $43
#171
$17
FRENCH LOAN
SUCCESS
PARIS, May 18 (Reuter)-The new Treasury Loan" of six militard francs was fully subscribed, the subscription meeting full success and being completed during one day.
NEW YORK STOCK EXCHANGE
QUOTATION
#*#*
$5.80 $51
$34)
$7.80
Chartered Banks .....
Do. (Col. Reg.)
Do. (Lon, Bag.)
287
*£13 $80
Mercantils Bbs. "A” Marcantile Bka ""* Bank of East Asia........ ||N. Q, & B. Banks
Insurances
***
$240 Canton Insurances ... $487 Union Iamrances
$1.30 Underwriters
$87
315
800
924
H.K. Firms ab Shipping
Douglass coveromantik Steamboata
Indo-Chinse (Prať.) Indo-Chinus (Del.).....
33/14 Shell
$8,40 Watirboats
པ་-
Docks, Wharves,
„Godowns,-etc.
$1.35-
187
[HK. & K. Wharves | #106
Providenta
Providenta (bw)
H.E. & W. Dock..........} #17]
Do.. (now)
$107 Shanghai Docks 3.
#7
New Engineerings S Mining
19/6 Kailas
88.16 Bauba
$3 Vaneruela Gold Fida
4 eta, Hong Kong Hine.
Lands, Hotels and Buildings
H.K. Hotels
H.K. Landa. .................-.8.
$100 Do. 4% Debentures $9.70 Shanghai Lande 8. $4.43 H.K. RealLion
Humphreys
$109 Chinese, Estates Cotton Mil
$18.80 Ewo (5.)...
$8.1Q
*!
1!!!
Q.D. #230
#457) $180
WEDNESDAY, MAY 17, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
315
350
20
88/11
$8,40
3 PO.T
JULY-SEPT.
OCT-DEC.
New York. May 15, 1939.
SINGAPORE RUBBER
May 13 buyers sellers
27-5/8 -7/8 27-5/8 37-7/8 27-374 28
May 15 buyers sellers 27-5/8 27-7/8 27-5/8 27-1/3
change
unch.
**27-374 **** 23
18
$108. $7.90
19/8
13
$5.70 $6.85 $34
$104
SPOT
JULY-SEPT,
$18.70
OCT.-DEC.
8119 8'ha Coltons (8.)
$113
JAN.-MARCH
$30
Zoong Sings (8.)
$42
$10
Wing On Textiles (9.)
$40)
Market quiet.
Public Utilities
MAY 16, 1939
$16
$18.70.60
Tramways
($18.60 || $18) 31880/70.."
Last Sale
$3
Peak Trams (old)
May 15
$4
Peak Trama (new)
71
#851
J
Star Ferrian
BBE
Alleghany Steel Co.
16A
Johns Manville .......
71
$22.70 Y'mati Ferries
$924
Do. (new)
Steady
Allied Stores
8!
J. & Langhlin 'Steel $7 pfd. 38 *
18.40
***
Chins Lights (0)
$8
Storting
Allis Chalmers
35
| Kennecott Copper
313
$5.60 China Lights (Now)
B54
Business
was done during the Amarada - Corps.
641
Libbey-Owens-Ford
Glass 434
Chins Lights Rta.
early part of the morning at 1/2. Amer. Can
861
Lockheed Aircraft
25
$50
$66
HK. Electric ........
160+
$5
850 581
27/32 for August, September. Amer, & Foreign Power ... 1/2.13/16 was reported for Decem-Ameri & Foreign $ pl....
21
Loew's Inc.
441
$18.50 $17
173
Manhattan Shirt Co.
$12
Macao Electrics -
Sandakan Lighta
$24
Telephone (old)
824
******
ber delivery. The market closed American Gas & Elec.
323
Martin, Glen L.
35
$74
Telephones (new)
871
Sellers at 178 7/8. Business was reported early in the morning at
at 1 p.m. with sellers at 1/2.27/32 Amer. Locomotive May/August and 1/2.13/16 Septem-Amer, Metals Co ber: December, buyers at 1/2.7/8 Amer, Radiator... Cash/August and 1/2.27/32 Sep Amer, Rolling Mi tember/December.
U.S. Dollars
Business was done at 29 15/16 |
for June delivery, 29 was also ariner. Waterworks ranged tor Cash. The market
Anaconda Copper"
Auburn Motors >
closed with sellers at 28 15/16 May, Atchison, T. & 8. Fe. 28 7/8 June/July and 28 13/16 August/September, buyers at 29 for Cash. 28 15/16 "June/July and 28 7/8 first half of September.
Shanghai Dollars
Baltimore & Ohio Barber Asphalt Co Barnsdall Oli
Bendix Aviation
Bethlehem Steel
171
McKesson, Robbins
...13
20,0Tractions
28.
Monsanto 'Chemical
US
27/0
111
Montgomery Ward
477
314
141
at, Dairy Products
141
$13
Amer. S'ting and Ring Co. Amer. Sugar Ring Amer. Tel. & Tel. Amer, Tobacco "B"
411
Nat. Distillers
+14
16
National Gypstim
117
1621.
National Load
101*
81
Nat. Power & Light
71
..........
92
National Steel Corp.
611
#211
23+
Nat. Supply Corpn.
81
1:
Tractions (praf.) Industrials
Cald., Macg. (Ord.) 8.
Cald, Macg. (Fref.) 8. ] « Canton Ices
$131 Cemente
$3.65 Ropes
MiscellaneoUS
Dairy Farme
Dairy Form Hts.
L
De V
$5
44
28/
#1
$12.70
***
ed to be received here.
***
$3.60
8134
Dow Jones Industrial Averages
The market opened with prices unchanged for all deliveries as compared with Saturday's closing rates.
Throughout the day the market ruled dull sand featureless. awaiting the quota-announcement.
Whilst demand by consuming centres was only moderate, trade and speculative interest was practically non-existent. The general opinion prevails that the market might show a rising tendency. unless the increase in quota will exceed 6 per cent. It would, however, appear that the belief in a 60 per cent, release amongst Rubber brakers is gaining ground. These uncertainties will be re- moved by to-morrow's meeting of the LRR, Committee, but mean- while speculative interest is at an absolute standstill.
LONDON RUBBER
Previous close To-day's close buyers sellers buyers sellers
7-15/18 8
8
Change
of 1/16
8-1/16
unch.
off 1/16
off 1/16
7-7/8" 8 8-1/8 8 8-1/8 -8-3/16 8-1/18 8-1/8
8-3/16 8-1/4 8-1/8 8-3/18
Rubber stocks held in the United Kingdom showed a decrease of 1,343 tons for the week ending May 13, 1939,
NEW YORK COTTON
The market opened with a good tone and higher initial prices and which quickly receded as the market reacted on liquidation some speculative selling. The opening prices were the highest re- corded for the day. The market is waiting for some definite lead from Washington.
NEW YORK RUBBER
Duliness still prevailed in this market. It was another repeti- tion of the pre-quota affair.
12
CHICAGO WHEAT
After an early advance, prices moved lower on the weakness of the Winnipeg market. There was some speculative selling, accom- ** panied by some profit-taking. However, reports of dryness continu-.
Previous To-day'a
close
close
Change
132.40
132,65
up .25
Ch.
E
'tainmenta
86.55
28
New York Central
143
#10
Constructions
(old)
Niagara Hudson Power
62
Constructions
(new)
51
N. American Aviation
15
137
North American Co. ...
211
14
Northern Pacific
$1.80 Sincares
"8]
223
Pacific Gas & Elec.
88. $8/7.93
301
$8 Lane Crawfords
Nanyang Tobacco
Watsons
64 Ch. G.6%, 19250 Bd.
C.D.
$8
$1.80 $7.90
553
Pacific Lighting
47
3pm
Bliss & Co. ....
10
Packard Motors
31
par.
180 1/4 for Spot.
Shanghai Market
Bocing Airplane Co..... Borg-Warner ...
221
Paramount Pictures
9
24
Pennsylvania R.R.
177
Biggs M'facturing
201
Phelps-Dodge
31A
Sellers of Starling at 8.1/4 for Brooklyn-M'hattan Trans. 121 Spot and US$ at 16 1/16 for Spot. B'klyn-M'hattan $8 cum pr. Quiet,
H.A. Govt. 3% Loans
8103
H.K. Govt. 3% Loun
$100
H.K. Wing On
$8
Vibro Piling
10/0
Phillips Fetroleum
351
41
Public Service of NJ.
357
175 etc.
Canadian Pacific R'way....
4
¡Pullman Inc.
264
AFTERNOON MARKET
Quiet.
Sterling
Case, J.I.
Celanese
Chesapeake & Ohio
էր Chrysler Corpn....
The market closed with sellers Columbia 6% "A" p.
78
Pure Oll
.77
174
Radio Corpn. of Am.
6)
328
Republic Steel
151
67)
Reynold Tobac. "B"
3T1
Columbia Guɛ & El.
61
Richfield Oli
84
851
Safeway Stores
371
at 1/227/3? May/August and 1/2. Commercial
442
Schenley Distillers,
137
13/18 September/December, buyers Commonwealth & 8. (ord.3 at 1/27/8 Cash/September and C'wealth" & 8. 6% cum pf. 1/227/32 October/December.
1
[Schenley, 5}% pfd.
582
Sears Roebuck .....
721
Consolidated Edison
311
Seversky Aircraft"
31
Consolidated Oli
73
Shell Union Oil
S'hal Wing On
Maramana Inv. (Lon.)
4/Margmans Inv. (H.K)
lex.div. 76 cts. Wm. Powella
Bales to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May 15,
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmă- tion and no responsibility is assumed for errors in trängmission.
£
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and §. E. Levy & Company)
New York Cotton, July New York Ruthber, July Chicago Wheat. July Chicago, Cor, July............. Winnipeg Wheat, July New York Hides, July
Prev. To-day's High Lov Close Close Change .8.53 8.40 8:52 8,43 .09 off 15.90. 15.85. 16.95 15.87a 08 off
*5+ 74) 741 741
1 off
NEW YORK COTTON-
Close Opening. Closing
53
511 511
617-
+ off
661
651
10.79. 10.67
667 10.75
854 17 off
10.63B 12 off
May
July
U.S. Dollars
Continental Can
36
Bocony-Vacuum Oil
117
7/8 September.
The market closed with sellers
at 23 15/16 May, probably June, Corn Products
28 7/8 July/August and 28 13/16 Curtiss Wright (C) September, buyers at 29 for Cash, Curtiss Wright. "A"
28 15/16 first half of July and 28 Deere & Co.
Shanghai Deliars
180 for Spot.
Shanghai Exchange
23
Continental OfI
Southern Pacific
121
War Loan, 31% (Red
after 1952)
92-7/16
58
Southern Rly $5 píð.
201
Canton-Kloon Rly...5%
50
Sperry
421
1898 (Brit. IEBC)......
267"
Standard. Brands
191
Stand Gas & Elec.
Chinese 41% Gold Loan
32*
Distillers Corpn. Seagrams
18
Standard Oll of Califorrits
251
Chinese 5% Gold Bonds,
1925-47
Douglas Aircraft
04
Standard Oil of NJ.
+4521
Du Pont de Nemours
143
Stone & Webster
10%"
Chin, -41% Anglo-French
Loan, 1908
· 61
Eagle Picher Lead
9
Swift International
Chinese 5% Crisp Loan,"
Eaton Mfg. Co.
211
Technicolor cousin
17
1912
Elec. Autolite
291
Texas Corpn.
377
Chinese 3% Reorg, Loan,
Elec Bond & Share
72
Texes Gulf Sulphur
281
1913 (Ldn. Is.)
52
Shanghal, May 10 (Reuter).
Elec. Bond & Share 35 DL.
-54
| Trans-America Co.
5}
Chinese 5% Star, Notes,
Opening
London
New York
0/8 15-5/8
Elec, Bond & Share $8 pi. Elec. Power & Light $7 pf. Punitkore
621
| 20th Cent. Fox.
201
1925 (Vickers)
201
| 20th Cent, Fox. $ię pt.
101
Union Carbide & Carbon
731
Lorn
Japan
56-7/8 Food Machinery Corp.
Union Pacific...
94
Honan, Rly. 5%.
Paris
5.48.
Gen. American Trans.
452*
United Aircraft
374
Hongkong
63-3/8
Gen, Electric ......
341
United Airlines Trans.
旺
Open Market-Selling Rati
Gen. Motors ......
43
United Corpn.
21
Hukuang Rly, 5%, 1911.
(German Isana).
Sterling
Gen. Hallway Bignal
17* United Corpn. 3 cum `pf., 35
Lang Tsing & U. Bai Rly.
Glidden Co,
161
Opening Closing
Goodrich (B.F)
17
United Gas Corpn."..... United Gas Improvement 12
2
0%
འཚོ ཙ ཙ་བྷོgiསྶནྡ
101
87).
641
Union Insurance
304* Gula, Kalumpong Rubber 17/6 Allied Ironfounders .... 19 Asso. & Elec. Industries .38 Austin Motors, ord..... 30/4 Cable & Wireless, New
Form; ord. supe B.-A" Tob. (bearer)
October
December
January
March Spot
Change
9.04/05
9.03/04
9.03/03
02 off
8.51/52
8.53/53 8.43/43
09 .or
7.94/94
7.97/97
7.81/82
12.00
7.75/75 7.75/75
1.67/67
.08 off
7.14 N.. 7.75/75
7.65. N
.09 01
7,69/69
7:72/72
7.62/82
01 off
9.51 N
9.43 N
,0% off
Note: The last Motice day for May Cotton is May 18.
461
98/14
Cammell Laird, ord.
8/4
Mexican Eagle .....
9
May
Courtaulds
25
17+
201
Chin. "Imperial Kly. 5%
Hukuang Rly. 5%. 1911... 22
Distillers
Dunlop Rubber....... Gen. Electric (England) 79/6 Gfones (a) Bón lá Co. 10 Hawker Siddeley Afro.... 19/11 Bristol Aeroplane........ 20/9 Imperial Chemical Ind. 30/3 Imperial Tobacco 128/11. Marks & Spicer "A" ́ord. 61/3 Rolls Royce
July......
NEW YORK RUBBER
15.90/90
15.80 N
15.95/95
:89/9 27/3
September
December
15.886/99a 15.85b/878 15.980/16.028 15.98/98 15.90b/91a
16.09b/03a
March
18 Spot
Total Bales770 tons.
16,036/00a
16.00/15.99 15.83b/93a
15.99b/16.04a 15.94b/95a
16-7/8
098998
酸梅道
May
CHICAGO WEIKAT
791/791
. 106/3
Leyland Motors .......
90...
18
Tate & Lyle
July September
-747/747
75/75L
781/78F 744/741
742/747 75/751
*741/74
off
80/101
Shai-Ning Rly. 5%...
26
Turner & Newall
78/4
Saturday's Sales:--17,443,000 bushels.
Boot
0/8-1/4 0/8-1/4"
May
0/8-15/64 0/8-15/64 Goodrich $5 pr.
US, Rubber
381
Tientsin-Pukow Rly. 5%
United Steele,
24544
June July
U.S. Dellars
Spot
Kay
June
July
Goodyear Tire & Co.
0/8-3/16 0/8-3/16 Great Northern Iron Ore ... 131 0/8-1/8" Q/8-1/8 Great Northern Ely, pfd. 201
Great Western Sugar
Greyhound Corpn. $16-1/16 $18-1/18
16-1782-16-1/32 Hecker Products
........ 15-15/16 15-15/16 Homestake Mining
15-13/16 15-13/18 Industrial Rayon
Market: Quiet but steady.
Merchant Rates
201
US. Rubber $8 píð.
991
(Brit, Stpd.)
18
Smethwick Drop Forg.... 15/9
CHICAGO CORN
US. Steel
162
Vanadium..
197
27
Warner Bros. Pict.
5k
18.
12
194*
Westinghouse Elec. Woodward' Iron Cor. Chase National Bank National City Bank ..
911
17- 321*
Tlentin-Puków Rly. 5%
(German Btpd.) Tientsin-Pukow Rly, 5%
(Brit. Atpd. Supl Loan). 18 Tientsin-Pukow Rły, 5%
Armstrong Stevens, ord 6/6
May
501/501.
5017501
18
Pressed Steel, com.
19/9
July
512/511
517/52
514/513
of
Vickers, ord
19/6
September
521/521
521/621
521/521
off
Woolworths
62/0
Anglo-Dutch
25
WINNIPEG. WHEAT
25"
International Harvester trit. Nickel
571-
481
Sterling, 0/8-7/32
Dollars, $166
Silver Duty Ratod The "Central" Ba
of China's rate on London at 10 am, to-day was-1/2-1/2d, unchanged from yesterday.
The Equalisation rate was si per cent
1-ez div. DOW JONES. AVERAGE ́/
High Low Dow Jones Avárages 15405 181.44 30 Industrialr
34.38 $4.1430 Balls"
-bid.
(Ger. Etpd. Supl. Loan) 18 Jap. 5% Ster. Loan, 1907 361 Jap. 8% Ster Loan, 1924 444 Ger. 7% Intl Loan, 1924 35 Chartered - Barik-
H.K. & S'hai Bank (Lda..
· Reg.)
Rub. Flant. Invest. Trust: 26/3 Burma Corporation 8/41 CommonwealthTM Mining.....--1 Marsman Investments... 15 Randfontein Estates ·39/6 Western Holdings pe 12/9
217/6 Sub-Nigel
May July
651/66
641/641
684/667
884/68
631/654
October
871/68
671/673//
*681/861
June...
HÊ & Shal Bank (Cul.........
1938
17:33
96.52 20.71 80 - Wülleten
21.23
May 15, 1979. May 13, High Low Close 132,40 183.88 132.85 132.85-
27:40 127.37 37.34 23.33 95,10 2117
Reg).
84
·92.22. 87,060 Bonds.
88.74
49,51 46.59 L1 Commodity Index 49.51
Chẩn gé, ,26 up 106 of 8818 1930.31 off Business Done: 230,000 shaRDI
Tanami Gold Mining....... Anglo-Iranian
31.
September
78/1
Chinese Eng. & Mining
(bearer)
Burmah
80
NY Silver, Omclat. ariquoted NY-London Cross Rate 4,8841/8
19/6
sheli Trans & Trad.
Chosen Corporation Pekin Syndicate ......
576,
(beater)
2.
S'hai Elec, Constr. Co.
Nominal
25
@hai Waterworks “A”
ember
NEW YORK HIDES
10,71/75 1. 10.77b/82â:10.63 B 11.11/11 11.18/15/20 11:00/04.
42-3/4 4.38-1/4
NEW YORK STRAITS TIN
47.601/48,00a 47.1517/48.304 47,756/48.306030 up
88