PAGE_12-HUNGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS|London Exchange
MAY 28, 1938
On London:-
Telegraphic Transfer. 1/4 20)32 Bank Bills, on demand 1/32 Credits 4 months' sight 1/3 1/39 -On-Ahanghai:-
On demand
On Singapore:-
179
London, May 26 (BWS), Closing mean rates.. Paris, 176-17/04. New York, 4.88-3/16. Montreal 4.69. Brussels, 27.50. Geneva, 20.782.
"Amsterdam, 8.7iž.
Milan, 89.
Buenos Aires, 20.17. Montevideo, 184.
Other rates were unchanged
On demand
52 7/8
Berin, 11.67).
On Japan:-
11
On demand
105 1/2
On India:-
Telegraphic Transfer.
and demand
82 5/8
On New York:-
Bank Bills, on demand 23 13/16 Credits, 60 days' sight 19" 5/16"
On Batavia:-
Un demand
On Paris:----
63 7/10
Bank Bills, on demand 1082- Credits 4 months' sight 1129
On Salgot
On demand...
On Mania:-
On demand
On Bangkok-
On demand
Calcutta Exchange
Calcutta, May 25 (Reuter). T.T, on Japan, 78-3/4.
India Rupee Paper
Bombay, May 25 (Reuter). Govt, 31% Rupes, 97-0-0,
LONDON GOLD
London, May 25 (Reuter). Bar Gold, Fine per oz., 148/54. Dollar, Parity.
BANK OF FRANCE
GOLD RESERVES PARIS May 25 (Reuter-The return of the Bank of France: for the week ended May 10, shows gold. reserves totalling 92,266,000,000 francs of gold content of 17.5 mil- ligrammes, indicating no change as compared with the preceding week.
The total note stven as 122,132,000,000
FINANCE
HONGKONG SHARE QUOTATIONS
pers
STOCK EXCELA NUGER
SHAREEROKKEN. ASSOCIATION
FRIAY 26. MAY.
Buyers | Şallage
Banks
#1390
11888/1400. Banks
SATURDAY, MAY 27.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
1939.
circulation
15' francs.
showing a decrease of 1,613,000,000 francs, as commpared with week ended May 10,
the
Do. (Col Bag.)... Do. Lon. Beg.) 271" Chartered Banke Est Marosutile Bks. "A" 213 Marcantile Bhka, “C” Bank of Een Asia'... $90
N. C. & B. Banks ... Insurances
Canton Tasutanost ...
$1590.
$1390
£84
·213
$60
173 ota
COMMODITY MARKET REVIEW
$220
2436
Union Insuranots ...
$1.40
$1.30 | Underwriters.
SILVER MARKET
$180
$180
!!!!
#437)
(FROM PAYNE & CO.)..
367
$67
New York, May 25, 1939.
***
$10
jox.div. $60
(Prof.
$15
200
and
$30
20
87/B
LONDON SILVER-
London, May 25. (Reuter). Silver-Small continental general selling, and some Ameri- can buying. though support was small. Market quietly steady. In Was the afternoon, the market
American quietly steady. with trade buyers at the fixed rate, but sellers were reserved.
Spot, 20d.
Forward, 19-13/16d.
NEW YORK SILVER
New York, May 25 (Reuteri. Omcial Price, 42-3/4
$107
$4.70
$17.90
#18
14.
113 114
1 1/2
37 7/8
150 3/5
Sterling Notes
Bank Buying Rate
1/5 31/32
Bar Bliver per az
90
New York, May 25 (Reuter). Loan on securities to brokers in New York:
BOMBAY SILVER Bombay, May 25 (Reuter).
Offtake 50 bars. Market-Quiet.
Fadian Mint Silver"
35.65 $25
$36
Week-ended May 18 $495,000,000
Week-ended
May 25 $585,000,000
Ready June 15 Settlement July 12 Settlement
52-13
52-13
$4.45
53-12-
$7.90
BROKERS' LOANS
EX, Fires
Shipping
Donglasssistant
Steambombs
Indo-Chines
Indo-Chinas (Dat.)...
87/0 Shellz
$8.40 Waterbosta
Docks, Wharves.
Godowns, etc."
H.K. & K. Wharves Providerita
Providente (Dhaw):
14.85
HE. & W. Docks... 917,90
Do. (DW)
$107 Shanghai Docks 8. ... $7.70 New Engineerings 8.
Mining
21,3 Kailans
$8.16 Baubsr
#5
Vineruals Gold Fids
4 eta, Hong Kong Mines ...
Lands, Hotels and
Buildings
ELK. Hotel
H.X...Landa..........
$100 Do. 4% Debentures
$8.86 Shanghai Lande 3. H.K. Realties Humphreys..........
8102 Chinese Estates
Cotton Mills
!!
i-i i i
9.40
$108 $7.90
91/3
381
8 P O T
JULY-SEPT.
$108
$4.70
$6.00 #351 35
$104
$4.40
OCT.-DEC.
SINGAPORE RUBBER'
May 24
May 25 buyers sellers buyers sellers 28-1/4 28-1/2
change
28-1/2 28-3/4 up 1/4
28-3/8
28-5/8
28-5/8 28-7/8
28-3/8 28-5/8
-28-5/8 28-7/8
The market opened 3/8 of a cent higher for all deliveries as com- pared with Wednesday's closing rates.
Early in the morning the market ruled firmer, thus reflecting conditions prevalling in New York. Substantial buying orders for im- mediate delivery were in evidence, whilst dealers and speculators dis- played fair buying interest in futures..
Later in the session prices registered an advance of 1/8 cent for all options on further general buying. Closing tone was very steady. In well informed Rubber circies the opinion prevails that due to continued scarcity of “actuals" the market is likely to show a slowly rising tendency, and that this development may be accelerated with a possible improvement of the European political situation. A polles of conservative accumulation on declines would, therefore, be in- dicated.
LONDON BUBBER
Previous close To-day's close buyers sellers
$3
STOCKS
Adams Express ....
Alleghany Steel Co.
Allled Stores
Allis Chalmers ................
Baltimore & Ohio
Barber Asphalt Co
Market Report
FROM RÓZA BROS
Silver prices dropped 1/16 zes- terday for both deliveries, the quotations being 20 for Ready and 19 13/18 for Forward. Silver ad- vices reported America as having bought-to-a-small-extent.-The Continent sold. The market was steady. American Silver was quot-. ed at 42 3/4 for Spot.
The London/New York cross-rate was quoted at 488.15. New York? | London was quoted at 488.3/18.
Market.
Steady but extremely dull.
Sterling
"
NEW YORK STOCK EXCHANGE
A small business was reported at Amerada Corps.
1/2.29/32 for August delivery. The Amer. Can and
market closed at lunch time with Amer. & Foreign Power sellers at 1/2.29/32 May/July and Amert & Foreign $7 p... 1/27/8 August/October: probably American Gas & Elec. November, buyers at
1/215/18 Amer. Locomotive
Cash/July and 1/2.29/32 August/ Amer. Metals Co. November.
U.S. Dollars
Nothing doing. There were sell.
ers at 29 1/18 May/June, 28 July. 28 15/16 August/September and 28 7/8 October/November, buyers at 20 1/8 for, cash, 29 1/16 July, 29 September and 28 15/18 November,
Shanghai Dollars
Sellers at 180 11/16 for Spot.
Shanghai Market
Amer. Radiator .....
Amer. Rolling Mill
Amer. Sting and Ring Co. Amer, Bugar Ring Amer. Tel. & Tel Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors ...
QUOTATION
#19 Ewo (8.), «........................
| $18.60
$117 8hat Cottona (8.).
$30
$40
Zoong Sings (8.) .... Wing On Textiles (8.)
$113.
#48)
SPOT
JULY-SEPT.
Public Utilities
OCT.-DEC.
$16.50
1.
Last..Sale
MAY 26, 1939 STOCKS
Tramways mania
$16.59 $16.80
JAN.-MARCH
88
Poak Trama (old)
$8
May 25
Last Sale May 25
$4
Peak Trame (new) Som
$861
+2
Star Ferries
71
Ent. Tel. & Tel
71
$93.70 Y'mati Ferrin
Do. (now)
171
Johns Manville
74
18.60
China Lights (0)
$3.85
B
J. & Laughlin Steel $7 píd. 42
***
China Lights (New)
25.45
341
Kerinecott Copper.
33
Chins Lights Rt...
.68
Libbey-Owens-Ford
Glass. 45
358
891
Lockheed Aircraft
28
2
Loew's Inc.
442
3171 $18 $11.00
H.K, Electrics, p Macao Elecscita Sandakan Lights
#557
Telephone (old)
17
Manhattan Shirt Co.
12A
87.65
Telephones (new)
$7.60
341
Martin, Glen L
351
20/0
Tractions
39/.
181
McKesson, Robbins
15
23/0
Tractions (pref.)
281
Monsanto Chemical
971
. Industrials
121
Montgomery Ward
501
$14
Cald), Macg. (Ord.) 8..
14
at. Dairy Products
#18
15
Cald., Macg. (Frel.) 8.
421
Nat". Distillers...
26+
Canton Toes P
$1
$12.95
$13.10
18
National Gypsum
111
$3.70
Дорев
Coments
143501444
$13
up 1/8 8-3/8 6-7/16 8-9/15 up. 1/8
Market opened arm on short-covering and trade buying, and closed very steady, with large bustness.
NEW YORK COTTON
The market received further sustenance from higher Bombay and Liverpool cables and opened with higher initial prices. The", continued firmness of the Southern markets provided considerable fil- lip, and prices advanced higher. However, there was a slight reac- tion, probably due to profit-taking later in the day, with a partial $23,70 paring off of the early gains. Still, the undertone was steady on account of the better outlook regarding Washington legislation.
NEW YORK RUBBER
After yesterdays brisk buying, some technical respite was to be expected, and to-day's market provided it. Throughout the day, the market was dull and featureless with most operators keeping on the sidelines.
buyers sellers Change
8-1/16~~8~1/8
8-3/16 8-1/4. 8-1/4
8-1/4
8-5718 8-3/8 8-5/16 8-3/8 8-7/18
8-3/16
up up 148
18
8-5/18
$3.80
164
National Load
201
Miscellaneous
CHICAGO WHEAT
912
Nat. Power & Light
71
Dairy Farine ha. kus. 3214
91
National Steel Corp...
61
$15.60
Dairy Farm Hts.
$154
24. Nat. Supply Corpn.
87
$6.80
Ch. E'tainments
$8.65
28
New York Central
15
$1.35
Constructions [ald)
88.55
Constructions
(new)
Niagara Hudson Power
Lane Crawforda
5
N. American Aviation ............er
161
Nanyang Tobacco ....
14
North American Co.
211
$1.80 Scar
$1.80
Barnsdall O11.
14
Northern Pacific.......
82
$7.90
Watsons
$7.90
Dow Jones Industrial Averages
Following a steady opening, the market eased off considerably on reports of precipitation in the South-West. Forecasts of showers and indications of milder temperatures also had adverse effect on the market.
Previous To-day's close # close 135.04
135.53
Change
up
631, Ch. G.5% 1925G $3ds.
Quiet. Sellers
of Sterling
at
Dendix Aviation
24
Pacific Gas & Elec.
31
631%
H.K. Govt. 1% Loans
$1041
8.1/4 for May and US. Dollars 10.1/16 for May.
at
Bethlehern Steel
#56]
Pacific Lighting
471
par:
H.K. Govt. % Loan
$100
Bliss & Co.
101
Packard Motors
31
H.K. Wing On
$42
Boeing Airplane Co.
231
Paramount Pictures
**91
S'had Wing O
**
AFTERNOON MARKET
Borg-Warner
241
Pennsylvania R.R.
18
$8
Vibro Piling
16/0
Marumans Inv. (Lon.).
Dull
Biggs M'facturing
201
Phelps-Dodge
331
Brooklyn-Mhattan Trans.
12
Phillips Petroleum
361
75 'eti
Sterling
B'klyn-M'hattan $6 cum pf.
391
Public Service of N.J.
371
U.S. Place
and
28 7/8
The market closed with sellers Canadian Pacifle R'way. ...
at 1/2.29/32 May/July and 1/2.7/8 Case, JI. ........... August/November, buyers at 1/2. Celanese
15/16 Cash/July and 1/2.29/32 Chesapeake & Ohlo August/November.
The market closed with sellers at Columbia 6% "A" pf.
29 1/16 May/June, 29 July. 28 15/18 Commonwealth & 8. (ord) August/September November, buyers at 29 1/8 Cash, C'wealth & 8. 6% cum pf.
4
¡Pullman Inc.
27ät
31+
Pure Oil
73
181
Radio Corpn. of Am.
6
337
Republic Steel"
16
LONDON
Chrysler Corpa. Columbia Gas & Ei,
891
Reynold Tobac. "B"
37+
.61
Richfield Of
81
84}**
Commercial
47afeway Storea
392
London, May 25,
Schenley Distillers ..................isi.
132
15
Schenley, 54* pid.
71
581
Sears Roebuck
751
Consolidated Edison
314
Severaky Aircraft
31
20 1/16 July, 29 September and 28
Consolidated Oll
71
Shell Unton Oi
11+
·
3
15/16 November...
Continental Car
361-
Socony-Vacuum Oll
12
Shanghai Dollara
Sellers at 180.11/15 for 8pot.
Shanghai Exchange
Continental Oll
231
Southern Pacific ....
132
War Loan, 31% (Red
after 1952)'
¡Corn Products
611
Southern Rly $5 pfd.
217.
Curtiss Wright (C.),
51
Sperry
437
Canton-K'loon Rly. 5%
1898 (Brit." Issue)................ 184
Curtiss Wright "A"
26.
Standard: Brands
61,
Chinese 41% Gold Loan 67
Deere & Co..
20
Stand Gas & Elec.
31
Shanghai, May 28 (Reuter),
Distillers Corpn. Beagrams
18
Standard. Oll of California
24
Opening
Douglas Aircraft
701
Standard Oll of NJ.
432
11
Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908 ......
London
0/8
Du Pont de Nemours
1451
Stone & Webster
New York
15-5/8
Eagle Picher Lead
Bwift International ..............
27...
Chinese 5% Crisp Loan,
Japan
Paris
56-7/8 5.48
Eaton ME CI
221
Technicolor alimuun
161
1912 ******
40.
Chinese 5% Reorg. Loan
Eled. Autolite
29.
Terus Corpn.
Hongkong
53-3/8 ·
Elec, Bond & Share ..............
81
Texes Gulf Bulphur
201
1913 (Idn.In.)
52
Elec. "Bond & Shre $5 pf.
531
Trans-America Co...
អ៊· ·
Open Market-Selling Rates
22
Elec. Bond & Share $8 pf.
831
20th Cent, For
Sterling
Elec. Power & Light $7 pt.
271
20th Cent, Fox 31 pr.
31.
Spot
May
June
Opening. Closing Flintkote ...... 0/8-1/4 0/8-1/4 Food Machinery Corp. 0/8-15/64 0/8-15/64 Gen. American Trana. 0/8-7/32 0/8-7/32 Gen. Electric
201
Union Carbide & Carbon
734
Loan ........
·97
29
Union Pacific
464
United Aircraft ...........
331
351
United Airlines Trans.
.101
Hukuang Rly., 5%, 101 2
July
0/8-3/160/8-3/18 Gen. Motors..................
442
United Corpn....
24
Lung Tsing & U. Kai Rly."
*0.8; Dollars”.
Gen. Bailway Bignal-
United Corp- $3 enm DL. 35%
Chinese 5% Bter. Notes;
1925 (Vickers)
Chin. Imperial Rly, 5%
Honan Aly. 5% Hukuang-Rly.-5%, 1911:
(German Issue) 201
Tate & Lyle
21
18
Glidden Co.
€177-
United Gas Corph.
2
Spot
$18-1/16 $18-1/16
Goodrich (B.F.)
124
United Gas -improvement 121.
May
June
July.
16-1/16 18-1/16 16 16 15-15/10 15-15/16
Goodrich $5 pf.
67
UB, Rubber
41
Goodyear Tire & Co, ............
271
D.B. Rubber $8 pfd.
107
Great Northern Tron Ore ...
147
UB. Steel
471
Market:Qulet but steady
Great Northern Rly, pfd.
21
Vanadium
201
Merchant Rates
Sterling, 0/8-7/32.
Dollars, $16.
Great Western Bugar
201
Warner Bros. Plét."
5:
18
GreyhoundTM Corpn.
181
Westinghouse Blac. Zenji
941
Hecker Products........
127
Woodward Iron Cor. ........
177
Homestake Mining
624
Chase National Bank
33
· SILVER DUTY RATE
Industrial Rayon
187
501
487
was 1/2-1/2d unchanged from
yesterday.
-1939
18485 191,44 -30 Industrialaj
The Central Bank of China's International Harvester
rate on London at 10 a.m. to-day fat. Nickel
The Equalisation rate was 5 per
cent
New York Exchange
New York, May 25 (Renter).
T.T. on London (Opening Rate). 4.65-1/16.
May 26, 1938.
High Low Dow Jones Arangon, May 24, High Low Close Changs
25.62 20,71 30. Uhlten
195.04 - 187.18 135,11 135.53 49 up 17.5828.58 $7,63 5796170 up 0923433,77 22.18 2344 310 of
82.33 87.08 40 Bandel ish 50.48 15.59 11 Commodity Index 0.40
Business Tongs 1,010,000 there
Chinese Eng & Mining
(beazer) Chosen Corporation Pekia 8yna
National City Bank
2514
dly.
DOW JONES' AVERAGE
72
HK. & Shal Bank (Lan.
Régɔ
841
HK 48hai Bank (Col.
Reg.).
851
ཨྰཿདཿརྒྱུུ ཙབྷསྶསྤེ ཆེ ཆེ ཐ ཐ8 བམཐོ
Union Insurance 95-7/16 Gula Kalumpong Rubber ́ ́18/44
Allled Ironfounders
10 Assa, & Elec. Industries 38/44 Austin Motors, ord. 30/10)
301.
4/94 | Maramans Inv. (H.K.)
76 ct. Wm. Fowl
#Balen
to Shanghai |
STOCK 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- "tienė 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)
New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, June
Prév. To-ddy's · Bigh Low Close Close Change 8.078.89.1.8.67 8.90 .03 up 18.44 18.30 16.42 16.3408 up 761 77 78777 DE
52
514100 66+ ··85% 651 857 11.15-10.92 11.00 10.95
521 517
- NEW YORK COTTON
מטי :
06 off
Close
Opening Closing
July. October
8.87/87
8,90/00
8.90/90
Change
-03
8.87/87
8.08/08
8.16/16
11
December
7.84/84
7.89/89
7.90/90
.06
Cable & Wireleid, New
831
Form, ord.
511
January March
1.78/78
7.83/63
7.84 N
05
7.76/78
7.80780
7.82/83
B.-A. Tob.. (bearer)
100
May
1:74/74
7.79/79
7.80/80
Cammell Laird, örd.
8/3'
Spot
9.85 N
9.83 N
Mexican Eagle
9/11
354
Courtaulds
27
NEW YORK RUBBER
Distillers
84/9
Dunlop Rubber
May
16.29b/352
16.25 N
28/9
Gen. Electric (England) 79/72
July
Guinness (A) Son & Co 111
Hawker Siddeley Airc.... 20 Bristol Aeroplane
September December
16/42/42 -/- 18.38b/44a - 16.30/34 18.46/4818.45/48
16.39/39
18.48b/50a 18.50/50
16.40/81
March
21/6
Imperial Chemical Ind 31
1650b/52a 16.85/57 10,44 N
Total Sales for the day:-1,720 tona.
98586
Imperial Tobacco
133/9 Marks & Sp'cer "A" ord. 64/7 Rolls Royce.
CHICAGO WHEAT.
108/9
Leyland Motors..
93/9-
July September
T7/78 TE
:777/787
771/771
18.
S'hal-N'king Riy: 5%. 26) Tientsin-Pukow Bly. 5%
(Brit, tpd.)
Tientsin-Pukow. Bly, 5%
(German Stpd.) Tientsin-Pukow Ely. 5%
(Brit. Stpd. Supl Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Bupl Loan) 18
Jap. 5% Bler, Loan, 1907 37
Jap. 0% Ster. Loan, 1924 44
Cer. 7% Intl Loan, 1924 38 Chartered Bank
Anglo-Dutch
Rub. Plant. Invest. Trust -27/6 Burma Corporation 8/7).
| Commonwealth Mining... -19
Maraman Investments... 16 M) Randfontein Estates.... 39/103 Western Holdings n · 13/1} * Bub-Nigel... Tanámi Gold Mining Anglo-Iranian
Burmah
Shell Trz
(bearet)
62/6 December
781/794
#777773 78)[78]
Turner & Newall
19/7
United Steel
Wednesday's Sales: 23,147,000 bushele.
24/44
amethwick Drop Forg
15/0
CHICAGO CORN
Armstrong Stevens, ord. 6/6
Pressed Steel, com:
19/11
Vickers, ord...................... Woolworths
19/11
04/9
July September December
26/3:
May
·July
511/62 512/513 511/314 521752 621/521 521/52 521/521
521/62%
WINNIPEG" WHEAT
64/84
644/644
October
851/8510 56/657 662/661 674/073
NEW YORK HIDES
:654/657
67/67
221/3
Jone
September
31/104
December
NI SI
42-3/4
NY-London Cross Rate
4.68-3/16
8716
Nomina
YOR
STRAITS TIN
48.10b/408
10.98/11.00 11.04/07 10.85/95 11.40/42 1145/49 11335/35 1176/N 11.80/80 11,70/70 42-3/4