MONDAY, MAY 22, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO,)
New York, May 29, 1939.
SINGAPORE RUBBER
May 19
sellers
buyers
May 20 buyers sellers
change
27-3/4 28
:
unch.
PAGE 12-HUNGKONG DAILY: PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS|New York Exchange
MAY 20, 1939
On London:-
Telegraphie Transfer. 1/2 26:32 Bank Bills, on demand/8 95/32 Credits 4 months' sight 1/3 1/18
On Shanghai:--
On demand
On Singapore ¦---
On demand
On Japan:--
Ou demand
On India:-
LTB 1/9
52 13/16
1000/8
Telegraphic Trenster. 1/2 and demand .............. Un New York:---
Bank Bills, on demand:8 13/18 Credits, 60 days' sight 29 5/18
Un Batavia:— ...
On demand
53 3/8
Bank Bills, on demand loay
פון פיין
(New York, May 20 (Reuters, T.T. on London (Opening Rate), 4.68-1/8. "
Calcutta Exchange
Calcutta, May '20 (Reuter). TT, on Japan, 78-3/4.
fudia Rupee Paper
Bombay, May 20 (Reuter). Govt. 3% Rupee, 95-12-0,
London Exchange
London, May 21 (BWS),
Closing mean rates. Paris, 176-23/32. New York, 4.68). Montreal, 4.693.
Brussels, 27.50,"
Geneva, 20.801.
Amsterdam, 8.701.
On Paris:-
Credits 4 months' sight 1129
On Saigon-
On demand
Milan, 89.
On Manila:
Berlin, 11.661.
On demand
37 7/8
On Bangkok ---
Other rates were unchanged
On demand
160 3/8
Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
7/131733 20 1/8
Buenos Aires, 20.231.
H. K. STOCK EXCHANGE
Not a great deal of interest was displayed in the market and the turnover was small, but the deal- ings were put through at quoted rates.
BUYERS
ויי
HK Bank, $1380 H.K. Fires Ins, $180. H.K. Wharves $107.
Providents, $1.60.
FINANCE
HONGKONG SHARE QUOTATIONS
· STOCK EXCHANGE.
Buyer Sellera Balen
SHAREBROKKES- ASSOCIATION
Namian
SATURDAY 201
Buyers Ballers
MAY.
Hanks
H.K: Banki
Do. (Col. Beg.) ...
Marsantija Bku. "A"
81355
Womina
$1367)
$1360
2841
Do. (Lon. Beg.) ...
277
Chartered Banks
£13
Mercantile Eka, "C"
$80
Bank of East Asia
HK. Docks, $173.
N. C. & 8. Banki
Insurances
HK. & S. Hotels, $54.
#217
Canton InsurKEJOWA
I.D. #917
HK. Lands, $34) Humphreys, $7.80.
3435 Union Insurancsa
$1.35
$1.30 Underwriteru
$180
H.E. Fires
H.K. Tramways, $16.40,
Shipping
Star Ferries, 365).
$87
China Lights (Old), $8.45.
[Douglass ..naumanengozi
.80%
$15
Steamboats
Canton Ices, 31.
$63
Indo-Chinas
(Pret.)
Dairy Farms, Ey Rta, $214.
830
| Indo-China (Del.)...
Wing On H.K, $41.
83/1 Shell
Entertainments, $81.
$8,40 Waterboats
HK. Gart 4% Loan, 4% p.m.
HK. Govt. 31% par.
$107
107/8 3406
H.K. & S, Hotels, $54.
#172
$18
HK, Tramways.. $16.60.
AER
China Lights (New), $5.60.
FK. Electrics, $501.
SALES
H.K. Bank; $1360.
Providents, $1.65.
!!:
IR ::
SELLERS
H.K. Docks, $18.
Telephones (old), $23,65.
264 35"
PHILIPPINE GOLD MINING QUOTATIONS
Antamok 26
13
Coco Grove 35
1.08
54
Demonstration 13
San Mauricio 1.08
354
United Paracale 34
Market Comment:-Qulet.
North Camarines 31;
NEW
Market Report
FROM ROZA BROS
Silver price rose 1/16 yesterday for both deliveries, the quotations being 20 1/8 for Ready and 19 15/ 18 for Forward. Silver advices re- ported the market as being quiet but steady. There was some In- Silver American dian demand.
was quoted at 42 3/4 tor Spot.
The London/New York cross was quoted at 468.12. New York/London was quoted at 468 1/8.
Market
Quietly steady.
PHILIPPINE GOLD MINING QUOTATIONS
Saturday. 20th May, 1939. Centavos
Antamoks Coco Grove
Demonstrations
San Mauricio
"United Paracales
North Camarines
YORK STOCK EXCHANGE
480
Docks, Wharves,
Godowns, etc.
H.K, & K. Wharven Providente
ĮProvidente (new) /
H.K. & W. Docks... 17
Do. (new)
1107 Shanghal Docks B.
$7.70 Now Engineerings 3.
Mining
19/6 Kailans ......
$3.16 Raubamajamena
83
Venezuela Gold Fida
4 cta. Hong Kong in...
Lands, Hotels and Buildings
H.K. Hotels
H.K. Landa .........Si
!!
18:40 S FOT
$107
JULY-SEPT. OCT-DEC
$4.65
"#51
85.70
$51
$342
$100 Do. 4 Debectares
8.70 Shanghai Lands 8.
$104
$4.45 H.E. Realtime ................
84
67.80 Humphreys
$109 Chinese Estates
Cotton MUL
$7.60
***
27-3/4 23
27-7/8
28-1/8
27-7/8. -28-1/8
27-7/8 28-1/ą za
27-7/8 28-1/8
The market opened with prices unchanged for. all deliveries as compared with Friday's closing rates.
Early in the morning the market was idle in sympathy with con-. ditions prevailing in London and New York...
Despite fair enquiries for "actuals" by consumers, speculators kept aloof awaiting further developments.
Subsequently, however, the market turned steady on good trade- buying, which, coming on a narrow market, resulted in a slight price-advance of 1/8 cent for all deliveries.
It would appear that the better sentiment displayed by dealers was due to overnight cable-reports on substantial increase of well as on considerable re- motorcar-production for this week as
placement tire-sales in this year which are said to be well ahead of those in 1938. These bullish factors coupled with a definite casing of the political tension in Europe would seem to Indicate the advis- the ability of following a policy of conservative accumulation in near future.
$1870 Ewo (8.)
#18
*
Closing tone was quiet, but steady.
8113 S'hat Costone, (8.)
8113
$30
Zoong Sings (8.)
34°
$40
Wing On Textiles (8.)
$481
QUOTATION
Public Utilities
STOCKS
Last Sale
MAY 21, 1939 STOCKS
$16.40 $18.00
Tramways
$16:43
LONDON RUBBER
Previous close To-day's close
buyers Rellers buyers sellers Change
સમ
Peak Trams (old)
18
SPOT
May 20
Last Bale
May 20
$4
¡Pook Trams (new) ...
Biar Farriso
JULY-SEPT.
79%
OCT.-DEC.
Adams Express
Int. Tel. & Tel.
73.
Sterling
Alleghany Bleel Co.
153
Johns Manville
881
***
18.45
China
A small business was done at
Ailled Stores
71
J. & Laughlin Steel $7 pfd.
37*
1/2.29/32 for July. The market
closed with sellers at 1/2.29/32 Amerada Corps." .......
Allis Chalmers
324
Kennecott Copper
311
-11
031
Libbey-Owens-Ford
Glass 424
$2170 F'mati Ferrion
Do. (new).
$5.60 China Lights (New)
China Lights R
H.K. Electric ........
#220221
8
8-1/16
8-1/8
8-3/16
8-3/16 8-1/4..
CLOSED
JAN.-MARCH
Lights (0)
$8.40
IL
$51
$56
$584
May/June, probably July and 1/2.7/8 August/November,
Amer. Can
801
Lockheed Aircraft
251
buyers
at 1/215/16 Cash/September and
Nothing doing. There
1/2.29/32 October/November.
U.S. Dollars
sellers at 29 1/16 May/June, 29 Amer. Rolling Mill
Amer. & Foreign Power.... Ameri & Foreign $7 pf.... American Gas & Elec...... Amer. Locomotive '..... Amer. Metals Co.
21
Lock's Inc.
421
$21.90
$17 Macao Electrics ...
Sandakan Lights
16*
Manhattan Shirt Co. ...
834 Telephoon (old)
$234
33
Martin, Glen L
341
37 Telephones (new) .... 20,0 Tractions
$7.40
02/
161
McKesson, Robbins
13
29/6 Triations (praf.)".....
271*
Monsanto Chemical
951
Industrials
were Amer. Radiator -------
111
Montgomery Ward
471
$14
| Cald., Macg. (Ord.) 8.
$13
131
Nat. Dairy Products
Cald., Macg. (Fref.) B. Cantón Ices
July/August; 28 15/16 September October, 28 7/8 November and 15/16 December, buyers 1/8 for cash, 29 1/18 July, September, 28 15:16 Arst half
Amer. Sting and Ring Co.
411
Nat. Distillers
28
Amer. Sugar Ring
171
National Gypsum ...................
at
29
Amer. Tel & Tel
1611
National Load
17)
29
Amer. Tobacco "B"
781
Nat. Power & Light
7
$212
November and 28 7/8 December...Anaconda Copper
Shanghai Dollars
Sellers at 180 3/4 for Spot.
Shanghai Market
Sellers of Sterling at 8.1/4 Spot and US: $ at 18.1/16 Spot.
Shanghai Exchange
Shanghai, May 20 (Reuter).
London
New York
0/8.
Amer. Waterworks
National Steel Corp.
593
231
Nat. Supply Corpn.
801
alt.
Atchison, T. & S. Fe,
271
New York Central .......
141
Auburn Motors
Niagara Hudson Power
61*
Baltimore & Ohio
5.
N. American Aviation
15
for Barber Asphalt Co for Barnsdall Of .......
124*
North American Co.
201
131
Northern Pacific
Rendix Aviation
221
Pacific Gas & Elec.
30
$19 Cements
83.65 Ropes ********
Miscellaneous
Dairy Farms Es. Eta. Dairy Farin Rts; Ch. E'tainmente ... Construction (old) Constructiona (new)
Lane Crawforda
Nanyang Tobacco ....
$1.80 Sinceres
$8 Wetsona
64 CA. GỐC TỪNG Hải,
$13
53.60
$15
$0.65
P
Bethlehem Steel
53
Pacife Lighting ...
47..
Bliss & Co.
91
Packard Motors
31
$41
Boeing Airplane Co.-
21
Paramount Pictures
82
Borg-Warner ...............
231
Pennsylvanie R.R.
173
18
15/0
Biggs M'facturing
20-
Phelps-Dodge
312
Brooklyn-M'hattan Trans. 13k
Philips Petroleum
351
Japan
Paris
Hongkong
15-5/8 58-7/8 5.48 53-3/8
B'klyn-M'hattan sa cum pf.
40
Public Service of N.J.
381
Canadian Pacific Rway.
4
Pullman Inc.
267
Case, J.I.
74-7
Pure Of
..
T
172
Celanese
..........
Radio Corpn. of Am.
63
Open Market Selling Rates
Chesapeake & Ohio
314
Republle Steel
LONDON
STOCK
147
Sterling
Chrysler Corpn.
-651
Reynold Tobac. "B"
371
Opening
Closing
Columbia Gas, & El.
8
Richfield Of
71
S'hat Wing On
Vibra Piling
***
Marsmans Inv. (Lon.)
4/24 Marsmacs Iny. (H.K.)'
76 cts. Wm. Powella
*Sales to Shanghai
EXCHANGE
(RBUTER'S SERVICE) --
$8
$4
$1.80
$7.90
64 Dow Jones Industrial Averages
H.K: Górt. 4%. Lörra
81032
H.K. Gort. 37% Losa
$100
H.K... Wing On
I
Market closed.
8-1/4 8-5/10
The average forecast of last week's stock of rubber. In London. and Liverpool shows an increase of 950 tons.
NEW YORK COTTON
To-day's market was indecisive. The previous day's easy tone at the close continued to prevall. The market was dull and narrow with prices easing off slightly on speculative selling and liquidation. The firmness in near options of the last few days, practically disappeared.
L
NEW YORK RUBBER
With higher initial prices, there was an indication that the pre- vious day's dullness had disappeared. Trading was fair and the un- dertone was good.
CHICAGO WHEAT
areas, The market reacted on rains in parts of the drought whilst more are forecast. With the exception of May option, other prices receded.
Previous
To-day's
close 130.28
close Change
131.22
up 94
X.D. 75 cta.
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Spot.
0/8-1/4
0/8-1/4
Columbia 8% "A" PL
85
Safeway Stores
971
London, May 19.
May June July
0/8-15/64 0/8-15/84 Commercial ......
451
Schenley Distillers
13
0/8-13/64- 0/8-13/64 Commonwealth && (ord.)
11
Schenley, 54% pfd.
The following quotations are the middle prices at the close at the market in London. All quotations are subject to confirms-
0/8-5/32 0/8-11/64 C'wealth & §. 6% cum pf.
503
Sears Roebuck
721
U.S. Dollars
Consolidated Edison
300
Seversky Aircraft-
31
tion and no responsibility is assumed for errors in transmission.
3
New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, June
748
514 501
10.63 10.50
Prev. To-day's High Low Close Close Change 8.79. 8.76 .03 off
18.00 unch. 16.00 16.00 16.00
74 734
off *741 511 501 + off 861. Closed 10.50 10.53B 03 "up
Consolidated Oll
Shell Union Oll
111
Spot
$10-1/16 518-1/16
May
June
July
||
16-1/16 16-1/16 Continental Of
15-31/32 15-31/32 15-7/8
Corn Products
15-29/32 Curtiss Wright (C)
Market: Quiet but steady.
Merchant Bates
Sterling, 0/8-7/32.
Dollars, $18.
-Silver Duty Bate
The Central Bank of China's
rate on London at 10 am, to-day
was 1/2-1/2d. unchanged yesterday.
Eaton Mfg. Co.
The Equalisation rate was 5è per Elec. Bond & Share $6 pf. cent.
SILVER MARKET
LONDON SILVER London, May 20 (Reuter).. Silver-India and speculators bought. The continent sold, Mar- ket quietly firm at the decline.
Spot, 20-1/16d. Forward, 19-7/84.
Gen. Motors ............. Gen. Railway Signal Glidden Co. Goodrich (BF)...... Goodrich $5 pt.
Continental Can
361
Bocony-Vacuum Of
221
Southern Pacific
127
War Loan, 31% (Red
after 1952)
934.
Cantor-Koon Rly. 5%
Unton... Insurance
301- Gula Kalumpong Rubber 18/9 Allied Ironfounders
NEW YORK COTTON
592*
Southern Rly $5 pfd. .......................'
-201
5
Sperry
411
1898 (Brit. Issue)....
19ł
Curtis Wright "A"
251
Standard Brands ............
મ
फेर
Deere & Co.
191
Brand Gas & Elec.com
3
Chinese 44% Gold Loan 671 Chinese 5% Gold Bonds,
19/3 Asso, & Elec. Industries 38/44. Austin Motors, ord.
Close
Opening
Closing
Change
30
July
8.78/79
8.79/79
8.76/75
.03 off
Cable & Wireless, New
October
791/91
7.91/92
*7.91/91
unch
23
1925-47
641
Form, ord.
43+
December
7.70/70
7.69/69
7.71/71
.01 up
Distillers Corpn. Seagrams
171*
Standard Oil of California
251
Douglas Aircraft...
*891
Btandard Oil of NJ.
420
Chin, 44% Anglo-French
R-A. Tob. (bearer)'..
09/41
January
7.63/63
7.60b/67
7.65 N
02 up
Loan, 1908
61
Cammell Laird, ord. ..
8/41
March
7.62/62
7.63/63
7.83/83
01 up
Du Pont de Nemours
1441
Stone & Webster
101
Chinese 5% Crisp Loan,
Merican Eagle
9
May
7.62/62
7.62/82
7.81/82
unch.
Eagle Picher Lead
9
Bwift International
201
17
1912 .....
Courtaulda - ...
25
Boot
9.78 N.
9.76, N
.02 Soif
Technicolor
Chinese 5% Reorg. Loan,
Distillers
91/9
301
Elec. Autolite
231
Texas Corpn.
1913 (Lan. Is.)
521
Dunlop Rubber: 28/3
trom
Elec: Bond & Share
T
Texes Gulf Sulphur
271
Chinese 5% Ster. Notes,
Gen. Electric (England) 19/7
May
NEW YORK RUBBER
15.94 N
15.94 N
unch
Elec. Bond & Share $5 pt.
Trans-America Co.
1925 (Vickers)
171
Guinness (A) Son & Co. 107 on | July
16.00/00
621
20th Cent. Fox.
19
Chin. Imperial Rly. 5%
Elec. Power & Light $7 pf.
201
20th Cent. Fox. $14 pf.
30
Loan
Hawker Siddeley Airc.... 18/104 September Bristol Aeroplane
16.00b/03
20/716
December
10.03b/048
191
Union Carbide & Carbon
731
Ronan Ry, 5%
Imperial Chemical Ind. 30/11"
March
Food Machinery Corp.
27
Union Pacifc
g*
Hukuang Rly, 5%. 1911. 22
Imperial Tobacco
Gen: American Trans.
45
United Aircraft
381
Hakuang Rly: 5%. 1911:
Marks & Sp'cer. "A" ord.
Gen. Electric
......
334
United Airlines, Trana.
434
United Corpn. ..............
21
--` (Cherman 1ssue) 201 -Lung Taing & U Hai Rly.
Rolls Royce .....
130/7 63 106/10)
Leyland Motors ................................... $2/8 |
16,07 N 16 Spot
Total Sales for the day:-80 tons.
CHICAGO WHEAT
16.00b/10a 10.00/00 16.02b/13 16.005/04 10.05/158, 16,05/05. 18.13b/162
unch.
01 up .01 up
16.09 N 15-15/18-
202 up
101*
United Corpn. $3, cum pf. 331
5%.
181
Tate di Kyle
61/6
161
United Gas Corpn.
2.
Etel-Nong. BAY,
Turner & Newall
May
791/791
781/797
17/10
16
United. Gas Improvement
134
Tientain-Pukow Rly. 5%
United Steel ......
July.
748/742
541/74
24/11
61:
UB. Rubber ...
372
(Brit. Sipd.),
18
Smethwick, Drop Forg........ 18/3:
September
74/761
732/73)
748/742 -735/733
담당
Goodyear Tire & Co.
251
UB. Rubber 38 pfd.
1024
Tientsin-Pukow Rly. 5%
Armstrong Stevens, ord. 6/6
Friday's Sales.
22,316,000 bushels.
Great Northern Iron Ore
13
US. Steel An
441
NEW YORK SILVER (New York, May 20 (Reuter).
Great Northern Rly, pfd.
191
Vanadium
184
Great Western Bugar ....
261
Warner Bros. Pict,
(German, Stpd.) 18 Tientsin-Fukow Rly. 5% 4(Brit Btpd. Supl. Loan).
Pressed Steel, com.
17/11
Vickers, ord
19/11
May
CHICAGO CORN 504/501
18
Woolworths
63/6
Greyhound Corpn.
181
Hecker Products ............
13
Homestake Mining
62
Industrial Rayon
184*
International Harvester Int. Nickel
Бах
48
52-15. -52-14 52-12
-bid.
1939
High Low Dow Jones Averages,
Official Price, 42-3/4.
BOMBAY SILVER
4.
Bombay, May 20 (Reuter)."
Indian Mint Silver
Market-Quiet. offtake 25 bars
Ready
June 15"Settlement
July 12 Bettlement
LONDON GOLD
London, May 20 (Reuter). Bar Gold, Fine, per oz., 148/6, Dollar Parity, 1/24 premium."
DOW JONES AVERAGE
18485 121.44 20 Industrials
· 34.33 - 24.14 -20 Bile
28.62 20.71 20
99.92 87.00 435 Bonda
A May 31, 1939. May 10, High Low Close
13158 130.88 131,21
·20.2307/26.52 98.98 28,49. 22,83%
49,51 45.59 11 Commodity Index 49.19
18 up Chosen Corporation
23.78 28.59 33.6903 up Pella Syndicat
86.17 09 up
(6.1907 of Shal Elce, Constr. Co.
Corrine Business Do199,000 Kare Bhat Waterworks “A”- 191*
Westinghouse Elec.
901
Woodward Iron Cor.
Chase National "Bint
National City Bank
Tientsin-Pukow Bly, 5%. 184*
(Ger. Stpd. Bupi. Loan) 18. Jap. 5% Bier. Loan, 1907 38 317 251* Jap. 6% Ster. LORD, 1924 541
Ger. 7% Intl Loan, 1924 37 Chartered Bank
Anglo-Datch
July September
51/51511/511
501/501 502/501
Rub Plant Invest. Trust 27 Burma Corporation ...... Commonwealth Mining, 1. Marsman Investments... 15 Randfontein Estates
.8/41
511/51 513751 WINNIPEG WHEAT
611/51
May
841/641
July
651/651
40
C. a Shai sinh (Lên
October
661/681
Western Holdings'
12/41
tamex, dir.
Reg)......
Sub-Nigel
HK. & Shai Bank (Col
Reg)
84
Tanami Gold Mining. Anglo-Iranian
34
June
NEW YORK HIDES
10.455/50a
10.50/51
79/44
Change
· 130,23
94 up
Chinesa Eng & Mining
(bearer)
September
--10.85/87-
10.94/91
Burmah
NY Silver, Oficial
42-8/40
Sheb Trans.
(bearer)
Norita).
TTR
25
NY-London Cross Rate 4.60-1/8-
September
YORK STRAITS TIN-4
75b/48:15a-47/75b/48.150-15 up
10.33- B 10.91/93. unquoted, 4.88-1/8