$5.85
$7,80
***
STOCKS
Last Sale
MAY 11, 1939 ATCCKS"...
#26 $16.85 316.00
Last Sale
May 18
May 16
Adams ExprESS
71
Int. Tel. & Tel
7
985
Alleghany Steal Co...
16
Johns Manville
62
Ailled Stores
71
|J. & Laughlin Steel $7 pfd. 38
$9.40
| Allis Chalmers
33
Kennecott Copper
301
$5,30
Amerada Corps.
64
Libbey-Owens-Ford
Glass. 41
Amer. Can....
861
Lockpeed Aircraft
243
$56
#681
21
Loew's Inc.
42
18
Manhattan Shirt Co.
$11.90
32.
Martin, Glen L
33
10
McKesson, Robbins
113"
261
Monsanto Chemical
111
Montgomery Ward
46
Amer. Rolling Mill
13
at. Dairy Products
144
Amer. B'ting and R’ing Co.
Nat, Distillers :.
251
$1
On demand
178 1/8
On demand
59 6/8
PAGE 12-HUNGKONG DAILY PRESS
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER
London, May 18 (Reuter). Silver-Occasional Indian buy- ing. Market quietly steady. In
CLOSING QUOTATIONS the afternoon, the market was
On London:
MAY 17, 1939
Telegraphic Tranater. 1/3 23/32 Bank Bills, on demand/9 23,32 Credits 4 months' sight 1/3
Ou Shanghal:-
On Singapore:-
quietly steady, with small buyers at the fixed rate and sellers re- served.
Spot, 20-1/8d. Forward, 19-15/16d.
· NEW YORK SILVER New York, May 16 (Reuter). Oficial Price, 42-3/4.
BOMBAY SILVER Bombay, May 16 (Reuter).
LONDON METALS
EXCHANGE
London, May '18 (Reuter).
COFFER
3.
Standard, Cash 41-5/18 41-3/8
Standard..
THAN
$13621
1350
3 months 41-11/16 41-3/4 Electrolytic
48-1/4
47-1/
TIN
Standard, Cash 225-3/4 Standard,
226
3 months 223-1/4
LEAD
223-1/2
STOCK EXCHANGE
Boilers
Salsa Nominal
WED., 17.
buyers sellers
£
MAY.
Banks
H.K. Banks:
Do. (Col. Beg.), ......... Do. (Lan. Bag) Chartered Banks **** Hercantile Eks. “A” Mercantile EkK, “C” Bank of East Asia N. C. & Beaks... Insurances
| Koyuru „Ballan
$1358
£84
£94
£71
£97}
£13 $80
માર
$30
COMMODITY
$230
3430 $440
Canton Insurances ... Union InsurENCOS ...
C.D. $230
On Japan:-
Market-Quiet
Offtake" 50" bars.
Ou demand
165 1/8
"Fadkin Mint Suver
Foreign,
Oncial Price 14-1/2 Foreign Official
$1.20 Underwriters
14-9/18
$190
H.K. Firen
84371 $150
Shipping
*
On India:--
41
Telegraphic Transfer.
Ready.....
53-01
and demand
On New York:
June 15 Settlement July 12 Settlement
52-15
9 months 14-3/4
SPELTER
14-13/16
367
Douglases eternal
$67
14
$15
Steamboats
$15
$80
Indo-Chines
(Pref.)
800
52-13
Ordinary.
Un Batavia :----"
On demand
On Parla:-
D3 1/1
On Saigon
On Manila: —
On demand
On Bangkok
Bank Bills, on demand 28 11/18
Credits, 60 days' sight 3/16 BUSY YEAR- GOOD
Bank Bills, on demand 1083 Credits 4 months' sight 1125
On demand
On demand
Sterling Notes:----
Bank Buying Rate
Bar Silver per oz.
Market Report
195
07 5/8
151
PROFITS SHOWN
con-
A busy year has just been cluded by Scammell Lorries Ltd., showing prodts which permit the payment of a 10 per cent, dividend. Once again the output of the factory exceeded that of any pre- vlous year.
The report states that sales of heavy vehicles; Including rigid eight-wheelers, machinery carriers,
1/2 20/39 articulated tankers etc., were.
20 1/8
FROM "ROZA BROS
Sliver prices were unchanged yesterday, the quotations remain. Jag at 20 1/8 for Ready and 19 15/16 for Forward. Silver "ad- vices reported India
having £4 bought to a small extent. The market was steady, American Silver was quoted at 42 3/4 for Spoti:
r,
The London New York cross-rate was quoted at 468.12. New York/ -London was quoted at 488.1/8.
Steady but
Market quiet. Sterling
Ometal Price 13-1/2
Ordinary, Official
3 months 13-3/4 13-13/16 Fidal Afternoon Transactions Tin. Standard, Cash, £228 sel- lers.
Tin, Standard," 3 Months, £223- 1/2 pald and sellers. »
LONDON GOLD
London, May 16 (Reuter), Bar Gold, Fine per oz., 148/51. Dollar Parit, 1/2d, premium.
satisfactory, while the market for the mechanical horse products supply of cross-country tractors and also large type trailer pumps continued its development.
Government orders include the for the Once of Works.
NEW YORK STOCK EXCHANGE
Amer. & Foreign Power ... Ameri & Foreign #7 pf.... American Gas & Elec. Amer. Locomotive
There were sellers at 1/2.27/32 May/July, probably August and "1/2.13/16 September/November. buyers at 1/27/8 Cash/August and 12.27/32 September/Novem-Amper. Metals Co.
Amer, Radiator ber.
U.S. Dollars
QUOTATION
401
08
13-9/16
#171
H
***
::
!!!!
$7,70
Indo-Chinas (Det.)....."
83/18belli
$8.40 Watarbosta ..............................
Docks, Wharves,
Godowns, etc.
$107 H.K. & K. WherrOS
Providents
Frövidenta (DSW)`
H.K. & W. Dock... $171
Do. (new)
107 Shanghai Docks 8,
19/6 Kailan.............
$8.16 Rauba
Venezuela Gold Flds
4 cta Hong Kong Him ...
Lands, Hotels and Buildings
H.K. Botala
#34; B.K. Landa............... $100 Do. 4% Debenturus $8.70 Shanghai Lande 8. 34.45 E.K. Besition
(Humphreys 'matio
#103 Chinese Estates
Cotton Mills
$18 Ewo (8.)
#113 S'bal Cottons (8.) ...
Zoong Sings (8.).... Wing On Textiles (8.)
$20
83/14
20 18:40
SPOT
JULY-SEPT.
$106
OCT.-DEC.
$4.80
#17)
New Engineering: 8. Mining
тел
8108 $7.90
19/0 36.10.
The market opened 1/8 of a cent lower for all deliveries as com........... pared with Monday's closing rates.
Early in the morning the market ruled quiet and featureless, being entirely dominated by the impending quota-announcement.
Later in the session, however, good buying orders for "spot" and forward 'deliveries received, by overnight cables from London and New York together with speculative short-covering caused the mar- ket to become steady, prices registering an advance of 1/8 cent for "spot" and 1/4 cent for forward options,
After a fair volume of business having beeing transacted on basis of quoted rates, the parket closed with a steady undertone.
The following statistical figures were released:
Total Malayan Shipments: April 1939, 43,688 toma; March 1939, 43,250 tons.
Malayan Dealers' and Forts' Stocks at end of month; April 1939, - 24,299 tons; March 1938, 25,148 tons. 1
"It was announced thât consumption for April in USA. amount- ed to 44,166 tons as against 50,155 tons' for, March, .....
The IRR Committee fixed the permissible export quota for July-September 1939 at $5 per cent, being an increase of 5 per
FINANCE
HONGKONG SHARE QUOTATIONS
1
SHAREBROKERS- ASSOCIATION
Womina
THURSDAY, MAY 18, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
MARKET REVIEW
(FROM PAYNE & CO.)
SINGAPORE RUBBER
May 15 buyers sellers 27-5/8 27-7/8 27-5/8
27-3/4
27-7/8 28
New York, May 16, 1939.
May 16 buyers sellers 27-3/8 27-5/8 of 1/4
change
27-3/8 27-5/8 off 1/4.
27-3/8° 27-5/8 of 3/8
$3
$30
$40
Public Utilities
' ไ
$6.80
$34
+3
$34)
$104
!!! !!!!!
$7.30
$18.70 $113
$42
cent.
fers
Tramways
$8
Peak Trams (old)
$4
Peak Trams (DW)
Star Ferries
$22.70 'mati Ferrine
! ! ! !
8651
Do. (new)
$17
20/0
China Lights (0) China Lights (New) Chins Lights Rts.
H.A. Electrice compte Macão Electrica Sandakan Lights #23.90 Telephones (ölä). $74Telephones. (new)
Tractions
$16.70
18
..$4
SPOT
8921
JULY-SEPT, moois OCT.-DEC.
$8.40 $3.60 $8.50 $5.00
JAN.-MARCH
LONDON RUBBER
Previous close. To-day's close buyers sellers
sellers buyera
8. 7-7/8
8
8-1/10 up 1/8/ 8-1/16 8-1/8 8-3/16 8-1/16 - 8-1/8 8-3/16 8-5/16 8-1/8 8-8/16 8-1/4
Change
8-3/8-
#231
22/0
Tractions (prad.)
Industrials
$14
Cald., Macg. (Ord.) 8.
218
Cald., Macg. (Fref.) &
Cantón. Icem
Nothing doing." There were Amer, Bugar R*ing ........... sellers at 28 15/16 May/arst half Amer. Tel. & Tel.
17)
National Gypauza
11
$121
Cementa
312.70
161
National Load
131
$3.65
$3,60
of June, 28.7/8 June/July, 28 13/16 Amer. Tobacco "g".. August and 28 3/4 September. Amer. Waterworks .............. buyers at 29 for cash, 28 15/18
301
Nat. Power & Light
71
National Steel Corp.
601
$211
Anaconda Copper
231
Nat. Supply Corpn.
B
Jam
Hrst half July. 28 7/8 August and
28 13/16 September.
Atchison, T. & S. Fe.
201
New York Central.
14
Auburn Motors
Niagara. Hudson Power
$11
61
Shanghai Dollars
Baltimore & Ohlo
5
N. American Aviation
15
Barber Asphalt Ce
131
North American Co. .........
201
Spot and
Sellers of Sterling at 8.14 U.S.. at 161/16
for
Barnsdall Of
13!
Northern Pacific
8
for
Bendix Aviation
21
Pacino Gas & Elec.
30
Spot.
Bethlehem Steel
53
Pacific Lighting
404
34%pm
Bliss & Co.
91
Packard Motora
31
par.
Shanghai Exchange
Shanghai, May 17 (Reuter).
Boeing Airplane Co.
214
Paramount Pictures
31
મા
Borg-Warmer
Pennsylvania R.R.
174
Biggs M'facturing
19
Phelps-Dodge
30
London
New York
Japan
Parts
Hongkong
0/B
Brooklyn-M'hattan Trans.
113.
Phillips Petroleum
331
15-5/8
| B'klyn-M'hattan $8 cum pí.
Public Service of N.J.
344
***
Miscellaneous
Dairy Terra Cr. Bu.
Dairy Farm Hts.
Ch. E'tainments ***** Constructions (old) Constructions (DW) Lane Crawforda Nanyang Tubacoo
$1.80 incer
$8 Watsons
644%, [CL. G.5% 19250 $Bdr.
H.K. Govt. 31 Loan
H.K
Govt. 4% LonUS
H.k: Wing On
H
S'het Wing On
#B
nepaiste
$102
$100
86.55
C.D
18 34
$1.80 $7.90
8410
Dow Jones Industrial Averages
After ruling quietly steady, the market improved on the quota release, which was fully discounted, with sellers reserved. There was some trade-buying.
NEW YORK COTTON
Improvment in this market was in evidence at the opening. Prices advanced on good trade buying and covering by short inter- ests. Later, they derived sustenance from the steadiness brought about by favourable Liverpool cables. The day's, high levels were maintained at the close.
NEW YORK RUBBER
The announcement that the quota has been fixed at 55 per cent was favourably received here. There was a substantial advance in prices at the opening. The advance gathered momentum on new speculative buying. Absence of sellers was the most significant feature.
CHICAGO WHEAT ...
After a quiet opening, prices receded further reports of benefici? rains. The easiness of the market was aggravated by forecasts of further showers in the South-West,
од
Previous
close
To-day's close.
Change
132.85
129,86 off 2.79
56-7/8 6.48 53-3/8
Canadian Pacific R'way. ...
31
¡Pullman Inc.-
254
Case, JI.....
77
Pore Dil
Celanese
161
Radio Corpn. of Am,
61
Open Market-Selllog Rates
Chesapeake & Ohio
311
Republic Steel
142
Sterling
Chrysler Corpn.
641
Reynold Tabac. "B"
LONDON,
STOCK
371
Columbia Gas & El
*
Richdeld Oil
74
Opening Closing
Spot
0/8-1/4 0/8-1/4
Columbia 6% "A" pt.
85 *
Bafeway Stores
36
Commercial
44
Schenley Distillers
124
May
0/8-15/04 0/8-15/84
June July
0/8-3/16 0/8-3/18 Commonwealth & 8. (ord.)
11
Schenley, 51% pia.
App
0/3-1/8
0/8-1/8
C'wealth & 30% cum pt.
561
Sears Roebuck
711
Consolidated Edison
301
Beversky Aircraft
31
U.S. Dollar
Consolidated Oil
71
Spot
May
June
July
$16-1/16 $16-1/16 Continental Can
18-1/32 Continental Oil
-16-1/32
15-15/18 15-15/16 Corn Products ..... 15-13/16 15-13/16 Curtiss Wright (C)
Market:-Very quiet.
361.
Shell Union Oll Socony-Vacuum Oli
107
114
221 Southern Pacific
117
War Loan, 31% (Red"
after 1952)
82-5/8.
581
Southern Rly $5 ptd.
· 194.
Canton-Kloon Rly. 1%
Union Insurance Gula Kalumpong Rubber -18/14 Allied-Ironfounders
· L 301
159
Vibro Piling Maramana Inv. (Lon.)
4/29 Maramana Inv. (HK)
75 cts, Wm. Powells
to Shanghai
EXCHANGE
(REUTER'S SERVICE)
London, May 16.
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."
£
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E. Levy & Company)
* Prev. To-day's
High
Low
Close Close Change
New York Cotton, July
8.55
8,41
8.43. 8.55 12 up
New York Rubber, July
18.11
16.05
15.878 16.10 123 up
Chicago Wheat, July
741
"
Chicago Corn, July....
511
731 744" 731 1 off 5151 511
#off
Winnipeg Wheat, July '.......................... New York Hides, July
007
10.47
641 65+ 64% of 10.34 10.03B 10.38A: 27 off
NEW YORK COTTON .
51
Sperry
417
|Curtiss Wright “A”.
243
Standard Brands ......
. .
Deere & Co.
181
Stand Gas.& Elec.
3
1898 (Brit. Issue)...... 19 Chinese 41% Gold' Loan, 677 Chinese 5% Gold Bonds,
19 Asso. & Elec. Industries 38/3/ Austin Motors, ord..... 30/TL Cable & Wirelem, New
Close
Glosing Opening
Change
May
9:03/03
9.04/04 deleted
July
6.43/43
8.47/46
8.55/55
12 up
Merchant Bates
Sterling, 0/8-7/32. Dollars, $18.
Distillers Corpn. Seagrams
17)
Douglas Aircraft .....
611
Standard Oil of California Standard Oil of NJ.
251
1925-47
64
441
201
27
531
181
Food Machinery Corp.
*27
Gen. American Tranz.
45
Gen. Electric
33
Gen. Motors
41
Gen, Railway Signal
Glidden Co.
Goodrich (BF)
15)
Goodrich $5 pl.
Goodyear Tire & Co..
25
Great Northern Iron Ore
Great Northern Rly, pfd.
194
Great Western Bugar
47
bid.
28.02 2171 20. Unlike
Silver Daty Este
The Central Bank of China's
Du Pont de Nemours
Eagle Ficher Lead
Eaton Mfg. Co.
Elec. Autolite
"rate on London at 10 am to-day Elec. Bond & Share
was 1/2-1/2d. unchanged from yesterday.
The Equalisation rate was 51 per tent.
Calcutta Exchange
Calcutta, May 10 (Reuter). T.T. on Japan, 78-1/2.
India Rupee Paper
Bombay, May 18 (Reuter), Govt. 31% Rupee, 95-93-0.
New York Exchange
New York, May 10 (Reuter). T.I on London (Opening Rate), 4.88-1/4
EXCHEQUER RETURNS
LONDON, May 17 (BWS)-Ex÷ chequer returns show that the total ordinary revenue amounts to £76,882,181, "compared with £72,- 008.913. a year ago."
The total expenditure, less self- balancing items, is £135,725,040," compared with £111.479,352 a corresponding date of 1938.
Elec. Bond & Share $5 pf.
Elec. Bond & Share $8 pf." '62 Elec. Power & Light $7 pt.' 247 Fitntkote
Greyhound "Corpn. 25. Hecker Products ..... Homestake Mining Industrial Rayón International Harvester Int. Nickel
1939
DOW JONES AVERAGE
High Low Dow Jones Averages"
·154,85 121.44 20 Industrials
**** 8423-24,14 20 Baile
*- 92,23/87.00 45 Bonds a
May 17, 1939.
Chinese Eng & Mining
May 15, Bigh Low Close Obange 138.65 12236 129.78 129.81 1.79 of 27.34....... - 20.36 25.92 26.27 97 off
Chosen Corporation (2217)
TA DE 88,4021 at Pekin Byndicate 49.03 17 off S'ha ec. Constr. Co.
49,51 48.59 11 Commodity Index 49.20
Chin. 44% Anglo-French
A
81
140 Stone & Webster
Bwift International
10
Loan, 1908
61
Form, ord. B-A. Tob. (bearer). .98/11 Cammell Laird, ord....... 8/41
471
October
7.81/81
7.84/84
7.86/87
.05 up
December
7.67/87
7.88/68
7.69/70
.03 up
January
7.65 N
7.86b/88a
7.60 N
01 up
27
Chinese 5% Grisp Loan,
Mexican Eagle
8/101
March
7.62/82
7.63/53
7.62/62
unch.
Technicolor
16
1912
36
Courtaulds
24/9
Spot
9.43 N
9.55 N
.12 up
Texas Corpa.
371
Chinese 5% Reorg, Loan,
Distillers
90
Texes Gulf Bulphur
28
1913 (Lản. I3)
Dünlop Rubber
27/3
Trans-America Co.
51
Chinese 5% Ster. Notes,
| 20th Cent; FoI.
197
1825 (Vickers)
20th Cent. Fox. $14 pí.
30
Chin, Imperial Rly. 5%
Union Carbide & Carbon
73)
Loan
63
Union Pacific ....
91
Honan Rly. 5%
United Aircraft
38
United Airlines Trans.
United Corpn.
24
(German Issue) 201
15)*
United Corpn. 3 cum. pl.
341
161.
United Gas Corpa.
17
United Can Improven
121
20
US. Rubber
351
0.8. Rubber $8 ptd.,
96.
(Brit. Etpd.):
18
131
UB. Steel
451
Vanadium
18.
18
201
Warner Bros. Pict.
5
174
Westinghouse Misc.
881
118
Woodward Iron Cor.
16
65 Chase National Bank ....**
-313*.
187
National City Bank
251.
551
I ex div.
HK & Bhải Bank (Cul
Reg.)
84
(bearer) in
21.90 32.43 22AB
8861
ཱ ཿཡཿསྨæ་ཡྻོ i ཿསློངམ
184
Hukuang Rly. 5%, 1911... 22:
Hukuang Rly. 5%. 1911
Lung Taing & U., Hai Rly.
5%..............
Shal-N'king Riy. 5%... Tientsin-Pukow Riy, 5%
Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pakow" Rly, 5%
(Brit. Stpd. Sapi Loan) 18. Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl. Loan) 18: Jap. 5% Bier, Loan, 1907 384. Jap. 8% Ster. Loan, 1924 441 Ger. 7% Intl. Loan, 1924 851 Chartered Bank
EK. & Shai Bank Lan.
Gran, Electric (England) 79/5"
Guinness (A) Sơn 2. Cai to Hawker Siddeley Aire.... 19/3 ·· Bristol Aeroplane
Note: The last Motice day for May Cotton is May 16,
NEW YORK BUBBER
May
15.80 N
July 20/101
| Leyland Motors
Imperial Chemical Ind. 30/9 Imperial Tobacco
128/11 Marks & Spicer "A" ord.. 61/13° Rolls Royce
105/7 90
Beptember December
March
15.85b/87a
15.90b/91a 16,10/08
16.93b/94a16.10/08-
15.94b/95a
15-7/B
18.00b/10s
16,006/05a 18.08/10 16.10b/12a
,25 up 23 up
21 Sup
16.08 B
16.14 N 16-3/32
16.13/1319 up
19 up 7/32 up
Total Bales:-1,670 tons,
Tate & Lyle
; 61/3 Turner & Newall. 76/10
May
CHICAGO WHEAT 787/781
·77/77-
24/3
Smethwick Drop Forg........... “18"
July
743/741
Armstrong Stevens, ord. 6/6
September
741/741
741/744 -741/741
··731/734:
731/731
Pressed Steel, com. Vickers, ord.
19/9
Monday's Sales:-20,069,000 bushels.
19/41
CHICAGO CORN
Woolworths.
62/7+
Anglo-Dutch
25/11
May
504/501
July
51/511
Rub. Plant. Invest. Trust 26/4} Burma Corporation
September
521/521
8/44
524/514, 50/50
5117511:
off
519/514
口吧
Commonwealth Mining 1
WINNIPEG" WHEAT
Maraman Investments... 14/9
∙May...
31/037
off
Randfontein Estates
40/41
July
Western Holdings
12/9
October
Sub-Nigel...
221/3
651/651 851/601 817/647 661/66) 67/671 857/68
NEW YORK HIDES
offi
Tanami Gold Mining.....
3d
Anglo-Iranian
Burmab
78/9 80/7
∙10/8
Shell Trans & Trad.
(bearer)
88/11
June September NY Silver. Omdal. ...... 12-3/4 ** NY-Loridon Cross Rate: 4.88-1/4
Nominal:
September
10.63 B 11,00/0411.00/01
NEW YORK STRAITS TIN
47.75b/48.30a 48.000/50% 47.851/48.18 20.
10.500/768 1034b/36a"
of
10773/72
**42-3/4"
4.38-1783