179.
PAGE 12-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS | Shangbai Exchange
MAY 18, 1939
On London:-
Telegraphic Transfer. 1/2 3/4 Bank Büls, on demand/2 3/4 Credits 4 months' sight 1/3 1/32
On Shanghai:~~
On demand
Shanghal, May 18 (Reuter). London ...
0/8 New York
15-5/8
Japan Parts
Hongkong
56-7/8 5.48 53-3/8
Open Market-Selling Rates
SILVER MARKET
LONDON SILVER
London, May 17 (Reuter). Silveer-Small American, trade demand, Market quietly steady. In the afternoon, the market was" very quiet.
Spot. 20-1/8d,
Forward, 19-15/16d.
NEW YORK SILVER
New York, May 17 (Reuter)., Official Price, 42-3/4.
$1365
#1331
Sterling
£13 $80
MAY.
Banks
B.K. Banka
Do.. (Col. Eng.) ... Do. (Lou Beg.) Chartered Banks. Marcantile Bkɛ. “A” Marcantils Bk. “O”
FINANCE
HONGKONG SHARE QUOTATIONS
SHABERROKERS" "ASSOCIATION
STOCK KICHANGE
By Beers
Bajan
Kominal
THURSDAY 18.
BuyersBallers
Mados Moulaa
81350/1955...
400
ESI
£94
$11
£17
On Singapore:--
On demand
On Japan: "?
2.3/4,Spot
Opening
Closing 0/8-1/4 0/8-1/4
On demand
........... ib. 3/5
May
078-15/84 - 0/8-15/64
June
0/8-3/16 0/8-3/16
BOMBAY SILVER Bombay, May 17 (Reuter). Market-Qulet but steady.
Hank of East Asia ... [N. C. & 8. Books ... Insurances
£13
880
199
$1
$230
|Canton InsuPRICE
C.D: #930
7430
33...
Union ImurEDOM
$1.35
$1.30 Underwriters
On India
Offtake 50 bars
#437}
"Telegraphic Transfer."
July
0/8-1/8
and demand 82 1/4
Un New York:-
Bank Bills, on demand .8`3/4
Spot
May
Credits. 60 days' sight x 1/4
June
Un Batuvia:-
..
"
July
15-13/16 15-13/18
On demand
..... 63.3/9
On Paris:-
Market-Steady,
Bank Bills, on demand 1-85
Credits 4 months' sight 1187
On Saigonome
On demand.
Merchant 'Rates
Sterling, 078-7/32...
Dollars, $16.
Sliver Duty Rate
Sterling Notes:-
Bank Buying Rate
108 1/4
Un Manila:-
On, demand
37 3/4
On Bangkok `--
On demand
150 58
The Central Bank of China's rate of London at 10 a.m. to-day was 1/2-1/2d, unchanged yesterday.
Notes in circulation
from
Bar Silver per oz.
Market Report
0215/18! 20 1/4
(including Notes held in the Bank- ing Department)... 20,690 20,662 The Equalisation rate was 51 per (Rupee Coln and Bul-
llon in India ent.
...: 8.569 Gold Caln and Bul-
5.541
unchanged
FROM BOZA BROS"
Silver prices were
yesterday, the quotations remain-
ing at 20 18 for Ready
and 19 16 16 for Forward, Silver advices reported the market
0.9 being steady but very quiet. American Silver was quoted at 42 3/4 for Spot
LONDON GOLD „
London, May 17 (Reuter). Bar Gold, Fine per oz.. 148/54. Dollar Parity,
NEW YORK STOCK EXCHANGE
QUOTATION
lion in India .... -4,154 4.154 Securities (Indian
Government) Securities (British
Government)
$5,86
3.729 3,729
5,950 5.850
8344
$7,80
U.S. Dollars
0/8-1/8
316-1/16 $16-1/18 16-1/32 18-1/32 18-15/16 15-15/16
Ready June 15 Settlement July 12 Settlement
RESERVE BANK OF INDIA STATEMENT
Calcutta, May 17 (Reuter),
May 5 May 12
$190
H.E. Fir
$180
Bidian Mint Silver
Shipping
587
53-01
Douglasssseminat
$67
$15
Steamboats
$15
FRIDAY, MAY 19, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
· COMMODITY MARKET REVIEW
· (FROM PAYNE & CO.)
New York, May 17, 1939.
SINGAPORE BUBBER
52-15
360
Indo-Chinna
(Prof.)
250
52-13
83/1 Shells
1:
***
Indo-China (Def.)...'
88.40 | Waterboats
Docks, Wharvės, Godowns, etc.
107 H.E. & K. Wharves
944
$24.
83/1
140S FOT
JULY-SEPT;
$106
OCT.-DEC.
May 18
May 17 buyers sellers buyers sellers
chauge 27-5/8 27-3/8
27-7/8 28-1/8
up 1/2 27-3/8 27-5/8 28-1/8 28-3/8 up 3/4 27-3/8 27-5/8 28-1/8 28-3/8
角
Providenta Frovidenta (new) .... 8.X. & W. Docks... Do. (e) quin
BAL
8177
$107 Shanghai Docka B.
#7.70 New Engineerings 8.
$108 +7.80
Mining
19/6 Kailas
$3
18.16 Raube
Vanezuala Gold Fide
4 cta Hong Kong Mines ...
Lands, Hotels and
Buildings
44
19/6 18:10 13
H.K. Hotels.
H.K. Lands
$4.45 B.K. Benítios
$100 Do. 4% Debentures
89.70 Shanghal Landa 8.
Humphreys .....
810 Chinese Estates
052
8.
"$341
4
$4.30
The market opened 3/8 of a cent higher for all deliveries as com- pared with Tuesday's closing quotations.
Throughout the session the market ruled with a steady and Armer undertone, thus responding to better advices received from London and New York.
Fat: demand for "actuals" as well as for forward positions by dealers and speculators was a feature in to-day's market. There were also buying orders in the market for substantial quantities from New York at prices, slightly below ruling values."
Late in the afternoon prices moved higher by 1/8 cent for all deliveries on persistent further buying, but it' was difficult to arrange business due to the reserved attitude of sellers.
Closing tone was steady,
It would appear that the better sentiment was caused by the announcement of a 55 per cent permissible export-quota for July- September, which was generally anticipated. However, the rema ial $7.90 of this uncertainty, which had been overhanging the market recent- ly, had a stimulating Influence upon activity. Future price-move- ments of Rubber would seem to be dependent upon' general business- trend, particularly in USA. developments in the international poli- tical situation etc.
$18
$113
$42
$18
$18.70
34.
SPOT
$22,60)
JULY-SEPT.
$84
OCT.-DEC.
$5.60%
JAN.-MARCH
$661
LONDON RUBBER
To-day's close buyers sellers Change
8-1/8 8-1/8 8-3/16
Previous close
buyers
sellers
8 A
8-1/16 8
8-1/8
*8-3/16
8-3/18
8-5/18
8-3/16
8-5/16
unch.
Cotton Mills
$18 Bw (8.)
#11
8'hal Cotions (8.)
$30
Zoong Sing (8.).
#
$40
Wing On Textiles (8.)
Public Duties
The London/New York cross-rate was quoted at 468,12. New-York/ London was quoted at 488.1/8.
Market
STOCKS..
-Sale
NAY 18, 1939 STOCKS
$18.40 $16.65 $181.
$9
May 17
1st Bale May 17
$4
144
66
Adams Express
71
int. Tel & Tel.
ד
Firmi
Alleghany Steel Co.
15+
Johns Manville
671
4.
Sterling
Allied Stores
7+
J. & Laughlin Steel.$7 pfa 38 *
18.40
Allis Chalmers ...
321
Kennecott Copper
301
#5.30
{I
Business was done shortly, after Amerada Corpe.
the opening at 1227/32 for Sep- Amer. Can
tember and also October. Subse- Amer. & Foreign Power quently 1/27/8 was also arranged Amert & Foreign #7 p... for cash and May. The market American Gas & Elec. cinsed at lunch time with sellers
Amer. Locomotive
at 1/27/8 May/July and 1/2.27/32 Amer. Metals Co. August/November. buyers at 1/2 Amer. Radiator 20/32 Cash/August and 1/2.7/8; September November.
U.S. Dollars
Business was done at 29. for May Amer. Tel. & Tel and June. The market closed at Amer. Tobacco "go 1 pm with sellers at 29 May, 23 Amer, Waterwork's 15/16 June,possibly, July, 28 7/8 Anaconda Copper August/September and 28 13/18 Atchison, T. & 8. Fe. October/November, buyers at 29 Auburn Motors ... 1/16 for cash, 29 first half July, Baltimore & Ohio probably June, 28 15/16 August Barber Asphalt Oc. September and 28 1/8 November,
- probably October.
"Shanghai Dollars
130 1/4 sellers.
Shanghai Market
Steady. Sterling sellers at 8.1/4 for Cash and US-Dollars 16 1/16.
AFTERNOON MARKET
The market was firm in the Celanese afternoon.
63
Libbey-Owens-Ford
Glass 401
86
Lockheed Aircraft
21
Loew's Inc.
$11.00
18 *
Manhattan Shirt Co.
32
154
26
211
Martin. Glen L. McKesson, Robbins Monsanto Chemical Montgomery Ward.
Trattways
|Fonk-Trac-fold)--2--
Peak Trams (new) Star Ferries
122.70 Y'ati Ferries.
Do. (now) Chins Lights (0). China Lights (New) China Lights Rs. $58) E.K. Electrics. $17 Macao Electrics
Sandakas Lighta
$23.90 Telephone (oid) 874 Telephone: (new).... 20/0 Traction
23/0 Tractions (praf.)
-
8934
$71
22/.
96
Industrials
481
$14
Caid., Maeg. (Ord.) 8.
Amer. Rolling Mill
121
at. Dairy Producta
14
$13
Amer. Sting and Ring Co. Amer. Sugar Rig
397
Nat. Distillers.
251
171
National Gypsum
11
$191
$3.65
159)
National Load
191
80
Nat. Power & Light
7
$211
9
National Steel Corp.
591
$181
151/151
223
Nat. Supply Corpn.
81
284
New York Central
13
811
Niagara Hudson Power
61*
38
41
N. American Aviation
141
12)
North American Co.
201
Barnsdall Ol
131
Northern Pacific
8
$8
Bendix ́ Aviation
211
Pacific Gas & Elec.
291
Cald., Macg. (Fret.) 8.
Canton Io
Camento
Bopm
Miscellaneous
Dairy Farma x: Sla. Dairy Farm R
Constructions (old)
Constructions
Lane Crawforda
Nanyang
ane Tobacco....
$1,80 Hinceres
Watson
945, Ch. G,5% 18ANG PHẢN.
!!!!
813
$3.8C
$13.
Ch. E'tainmania
(DWW)
Bethlehem Steel
531
Pacific Lighting
401
31%pm
Bliss & Co.
Packard Motors
34
par.
Boeing Airplane Co.
214
Paramount Pictures
$41.
81
85,55
G.D.
$4 $1,80
$7.90
641%
H.A. Gört. 4% Loans
$103)
Dow Jones Industrial Averages
H.E, Govt. Sim
$100
H.K. Wing On
1446
8-1/4 8-3/8 8-1/4 8-3/8
After ruling firm on Home-trade, and American buying, the market eased on disappointing New York advices and closed quiet.
NEW YORK COTTON
The market was irregular after a steady opening. There was good trade" and speculative buying in near positions, especially July, whilst distance options showed some tendency to ease off. The market presented a nervous appearance. Towards the close gains in near options were also partially pared off.
NEW YORK RUBBER ✨
The fillip provided by the "quota” decision in yesterday' market was not sustained by sufficient volume of business and prices be gan to drift. The market was featureless with operators ignoring advices of firmness in the London market.
CHICAGO WHEAT
Weather considerations predominated the market. A dull mar- ket was evidenced by price movements within narrow limits.
Previous To-day's
close
close
Change
129.80
129.09 D# 77.
Borg-Warner
-221
Pennsylvania -R.R.
17
Biggs M'facturing
191
Phelps-Dodge
29
Brooklyn-M'hattan Trans.
111
Phillips Petroleum
.35
4/
B'klyn-M'hattan 56 cum pf. Canadian Pactic_ R'way. '... Case, J.
Public Bervice of N.J.
35
31
Pullman Inc.
254
Pure Ol....
71
161
Radio Corpn. of Am.
61
Chesapeake & Ohio
-31
Republic Steel
141
Sterling
Chrysler Corpn.
631
Reynold Tobac. "B"
37}
Columbia Gas & El
6
Richfeld. Of
Τ
A small business was
done at
1/27/8 for August delivery. The
market closed with sellers at 1/2. Commonwealth & 8. (ord.) 7/8 May/July and 1/2.27/32
C'wealth & 8. 6% cum pi.
August/November. buyera as 1/2. Consolidated Edison 29/32 Cash/August and 1/27/8 Consolidated Oil September/November.
Columbia 6%. "A" pr. Commercial
85
Safeway Stores
361
44
Schenley Distillers
121
Echenley, 51% pfd. .............
70
551
Sears Roebuck
714
30
Seversky Aircraft
31
7.
Shell Union Oll
11
*
Continental Can
38
Socony-Vacuum. Ou
112
.
U.S. Dollars
Continental Oil
221
Southern Pacific
111
War Loan, 3% (Red.
after 1952)
Business was
done at 29 for Corn Products
581
Southern Rly $5 pid.
191
Canton-Kloon Rly. 5%
Union Insurance
..... 304 92-15/16 Gula Kalumpang Rubber 18/11..
Allied Ironfounders......
Bhat, Wing On
18 Vibro Piling
15/0
Matsunaos Läv. (Lou,)
Maramana Inv. (H.K.)
75 etc. Wm. Powalis ...
"Balm to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, May 17.
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, Calbertson & Frits and 5. R. Levy & Company)
New York Cotton," July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, July
Prev. To-day's High Low Close Close Change 8,74 8.38 8.55 270 15 up 16.10 16.08 .02 off 16.08.16.05
74 73.6% 731 611 50% 511 51
i off
654 10.34
65 84 841.
up 10.20 10.38A 10.34: 02 off
NEW YORK COTTON
June. The
market closed with Curtiss Wright (C.)
51
Sperry
403
1898 (Brit
Issue)......
19
selters at 29 for May/June, 28 Curtiss Wright "A" 15/16 frst half August 28 7/8 Deere & Co.
241
Standard Brands
Chinese 4% Gold Loan 671
181
Stand Gas & Elec.
-27
September, probably "October and Distillers Corpn. Beagrams
17)
Standard Oil of California
251
24 13/16 November, buyers at 29 Douglas„Alzeraft
811
Etandard Of of N.J.
437.
1/16 for cash, 29 first half July. Du Pont de Nemours
141
Stone & Webster
28 15/18 Agust and 28 7/8 Novem-Eagle Picher Lead ber, probably October.
180 1/4.
Shanghai Dollars
Calcutta Exchange
Calcutta, May 17 (Reuter). T.T. on Japan, 74-5/8.
India Rupee Paper
Bombay, May 17 (Reuter), Govt, 34% Rupee, 95-02-3.,
New York Exchange
New York, May 17 (Reuter). T.I. on London (Opening Rate).
4.88-3/18.
London Exchange
London, May 18 (BWS), Closing mean rates. Paris. 176-47/64.
Nw York, 468-5/32, Montreal, 4.69-7/16/ Brussels, 27.50
Geneva, 20.83. Amsterdam, 8.724,
Mari, 89..
Berlin, 11.67. Buence Airea; 20,31,
Other rates were unchai
Elec. Bond & Share 3-pt. 63 Elec. Power & Light $7 pËN, Funtkate
Food Machinery Corp.
Greyhound Corpn. Hecker Producti....
15485 18144:30 Industrials
3438 2414 304 Pais
- 26,52: 2071/20 Ulos
"B
Swift International
Chinese 5% Gold" Bonds,
1925-47.....
Chin 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
041
61
Eaton. Mfg. Co.
19
Technicolor
181
· 1912
|Bec, Autolite
27
Texas Corpn.
37
Chinese 8% Reorg, Loan,
Elec. Bond & Share
71
Texes Gulf Sulphur
273
1913 (Lda. IA) pui
52
Elec. Bond & Share 35 pt.
Trans-America Co.
51
Chinese 5% Ster. Notes,
20th Cent, FOX
191
1925 (Vickers)
Į20th Gent. Fox. $1† pl.
Chin. Imperial H13. 5%
181
Union Carbide & Carbon
731
Loan
254*
Union Pacific
903
Homan Rly. 5%
Gen. American Trans.
441
United Aircraft
351
Gen. Electric
33
United Airlines Trans.
Gen. Motors ..................
411
United Corpn.
27
Gen. Railway Signal
154*
United. Corpn. $3 cam. pl. · 34 ·
Glidden Co.......
18
United Gas Corpn.
1
Goodrich (B.F,)'
151
United Gas Improvement 12
Goodrich $5 pt...
UA. Rubber
35%
Goodyear Tire & Co.
24.8. Rubber $8 pfd.
901
Great Northern Iron Ore
∙134
U.S.. Steel
441
Great Northern My, pfd.
19.
Vanadium).
181
Great Western Bugar
201
Warner Bros. Pict:
44
171
Westinghouls" 166.
114
Woodward Iron Cor.
16
|Homestake, Mining ...
Industrial Rayon International Harvester Int. Nickel
631
181
Chase National Bank National City Bank
312
651
-bid.
tex. div.
1959.
DOW JONES AVERAGE
High - Low Dow Jones Averages,
92.22 87.06. 40) Boudin
MAY 18, 1929,
Hoküang Rly. 5%, 1911... 22
Hakuang Riy. 5%, 1911
Lung Taing & U. Hai Rly.
Bhai-Ning Hiy, 5%
Tientsin-Pukow Rly. 6%
Tientsin-Pukow Ely. 5% *(German Stpd.)
Tientsin-Pukow Rly. 5%.
(Brit. Styd, Supl Loan), 18 Tientsin-Pukow. Rly, 5%
(Ger. 8tpd. Bupl Loan). 18 Jap. 5% Ber. Loan, 1987 37 Jap. 6% Bter. Loan, 1924 45
Ger, 7% Int Loan, 1924 36
HK. & 8'hai Bank (Ldn.
Beg)
BK & Shai Bank (Col.;
Chín 16, High Low » Close - Change" 130,85 -4 139,77 198,36 129.09,77 off 16.17 28.23 25.02 28.10 17 off
88,04 18 of
Baninom Don:-620,200 shares van
85.40
43,61 45.09 11: Commodity Index : 4903
250
191
Vickers, órd
Woolworths
Rub. Plant. Invest. Trust 27000. Burma Corporation
(German Issue).
5%
(Brit. Btpd.)
Chartered Bank ............
ཨྰཿརཱྀཙ གླུསྟྲ ཻ a88 ཧྥུགླ་ཨྰ ཨཱངྒRE སོག་དངོསྤྱན་
19 Asso. & Elec. Industries 38/3 Austin Motora, Ford......
Close Opening Closing
Change
tha
30/10
11
Cable & Wireless, New
Form, ord.
July...... October
8.55/55
8.60/61
8.68/70
.15 up
7,86/87
7.89/89
7.86/88
.01 0
December
7.69/70
7.71/71
7.67/67
03, of
B-A Tob. (bearer) ..
90/44
January
7.86 N
7.67/07
7.64 N.
.02 off
Cammell Laird, ord, ..
8/6
March
7,62/62
7.60/59
7.60/81
01 off
Mexican Eagle
9/3
May
1.50b/54a
7.81/81
Courtaulds
25,
Spot
9.55 N
9.44 N
.11 -off
Distillers
90/3
Dunlop Rubber ............ 27/6
Gen. Electric (England) 79/6
May
NEW YORK RUBBER
16.00b/05a
Guinness (A) Bon, & Co. 107/6. Hawker Siddeley Aire... 19/3
Bristol Aeroplane
July September. 20/10 December:
Imperial Chemical Ind. 30/41
Marks & Sp'cer "A" ord, 61/71/
18.08/10"*
18.00b/04a.
42. 16.15b/16 16.06b/08a
201 16.10b/12a 16.17b/19a 16.095/11a
Angio-Dutch
Imperial, Tobacco
129/44
Märch Spot
16.13/13- 15.14 N 16-3/32
16.20/20, 18.15/15 16.21b/24a 16.17 N
.02 up
03
16-1/18
201
Rolls Roycett
Total Sales:
tons.
106/3
Leyland Motors
92/8
CHICAGO WHEAT
181
Tate & Lyle
81/8
May
777/78
Turner & Newall
77/1
July
731/731
73/73
United Steel
24/6
Smethwick Drop Forg... 18/3
September
731/731 73/731
731/731
Armstrong Stavens, ord 6/6
Tpesday's Bales:-21,791,000 bushels.
Pressed Steel, com
17
CHICAGO CORN
19/3
62/10
May
504/501
July
25/9
Beptember
1
8/4
WINNIPEG WHEAT.
Commonwealth lining.. 1° Marsman Investments... 16 Randfontein Estates
May.
July
637/837 647/647
40/415
October
Western Holdings
12/71
84
Bub Nigel
200/7)
Tanami Gold Mining...... 3d
June
649/647 657/65/65 65F/68"
NEW YORK HIDES 10.34b/3610,20/24
632/637 65/65
66/8014
10.34/34
Anglo-Iranian
Eng. & Mining/ (bearer)er chosen Corporation
Beptember
10:72/733 10.87/65
Burmak
9173
19/6
NY Sliver, Official
42-3/4
Shell Trans,
NY-London Cross Rata 4.88-1/8
(bearer)
*Nomins
NEW YORK STRAITS IN
September: MAMMALKAS 47 856/48.10m: 27.766/48.20% 47.75b/18,00m2::10: 6:
50/50 523/51 51/50% 501/51. 617/514 624/514- 51/511