FAGE 12-HONGKONG · DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS | Shanghai Exchange
June-5-1939
On London:
Telegraphic Transfer: 1/2 25/32 Bank Bills," on demand! 15/32 Credits 4 months' sight 1/3 1/32
On Shanghai:-
On demand
Shanghat, June 5 (Reuter),
Opening
London:
New York
0/8 15-5/8
Japan
58-7/8
Parla Hongkong
5.48 53-3/8
Open Market-Selling Rates
JAPANI CLOTHTM
FINANCE
RAYON | HONGKONG SHARE QUOTATIONS
SHOW DECLINE.
SHANGHAI, June 5. (Int'l)- Japanese exports of rayon cloth and yarn once more declined-last- the month as compared with month before. Rayon cloth ship- ped from Japan In April totalled 44,800 boxes as against 47,600. boxes in March, while Nipponese exports of rayon yarn decreased from 20,000 to 24,900 boxes.
Practically all the rayon yarn 0/8-15/64 0/8-15/84 exported from Japan last month 0/8-13/64 0/8-1304 was sold to countries outside the 0-8-11/64 0/8-11/84 yen bloc while one-third of the rayon cloth exporta went to yen U.S. Dollars
bloc countries.
179
On Singapore:--
On demand"
58 7/8.
On Japan:-
บ
Spot
Sterling
Opening Closing 0/8-1/4 0/8-1/4
4.
On demand
June
On Indland
July
Telegraphic. Transfer.
August
-82 5/8
and demand
On New York:-
Spot
Bank Bills, on demand 28 13/8 Credits. 60 days' sight 10 5/16
June
June
August
15
318-3/32 $18-3/32
16-1/32 18-1/18 "
18 15-29/32 15-15/18
.... 53 3/4
STOCK-IIGRANGE
$1380 $1430
SHAREBROKERS ASSOCIATION
B MONDAY 8.
JONE.
A 1 :
e1 $30
Banks
H.K. Banks
Do. (Col. Bog.) Do. Loa. Bag.) Chartered Banks' ung Marcantile Bs. “A” Mercantile Bha, "C" Bank of Bani Ázia .... N. C. & B. Banks .....
Insurances
-8230 Canton Insurances
Unina InsarEDOSE · ---
Underwriters
"Shipping
Douglasssummemmak
Buyere "Bollars | Sales |Tonalis
€1.45
$440 €1.45
$180
H.E. Fires
$87
$67
SID
Steamboats
160
Indo-China
(Prat.}
-$30
Indo-Chinas (Dad)...
::
81430
£85
£7
EST
£13
150 ota.
#
$80
$925
$1,50
8445
$180
+
TUESDAY, JUNE 6, 1939.
PAYNE
& CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING.
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, June 3, 1839.
Bendix Aviation
Bethlehem Steel
Bliss & Co.
Boeing Airplane Co.
Borg-Warner
Biggs Mfacturing
Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pt. Canadian Pacifc R'way.
Case, J.Lin
Celanese Chesapeake & Ohio
Chrysler Corp¤, ..........
Columbia Gas & El
Bank Bills, on demand 1987
Credits 4 months' sight 119
On Batavia -
ai
On demand
Ca Paris:-
"On Saigon
On demand
On Manila: ---
.
57 7/8
On demand
On Bangkok
On demand
Sterling Notes:--
Bank Buying · Rate
Bar Stiver per oz.
Market Report
108 1/4
150 3/8
Market:Qulet but "steady...
Merchant Rates Sterling, 0/B-7/32. Dollars, s16
NOTICE
Commering from to-day, June 5. until August 31, the trading hours on the Shanghai exchange market the aftertioons, frnin Mondays to Fridays. will be from 1/931/32 to 3 p.m. On Wednesdays and 19 10/16 Saturdays the market will remain open from 9 to 12 noon as usual.
SILVER DUTY RATE The Central Bank of China's rate on London at" 10 á.m. to-day was 1/2-1/28.. unchanged from Saturday.
Н
· JAPAN "ALARMED: INCREASED DUTY IN INDO-CHINA. KUNMING, June 5 Ipt-An increase of the export duty on Iron ore in French Indo-China from the presént 10 per cent to 15 per cent, has been approved by the Supreme Economic and Financial Counrit of the French Colony. The duty increase is likely to be promulgated in the near future.
Japanese iron and steel concerns show a certain alarm over this measure, which will increase the cost of Indo-Chinese Iron ore for Japan. In recent months. than half of the total output of
more
The Equalisation rate was.44 per iron ore in French Indo-China-was viajan asunder Ag paseyɔund
FROM ROZA BROS Silver prices dropped 1/16 over the week-end for both deliveries, the quotations being 19.15/16. for cent. Ready and 19.3/4 for Forward. Silver advices reported the mar- ket as being steady with very poor support. India bought to a small extent," American Silver Was quoted at 42 3/4 for Spot.
The London/New York cross-rate was quoted at 48&37., New York/ London was quoted at 468.7/18.
"
Market
Quietly steady.
Sterling
NEW YORK STOCK EXCHANGE
STOCKS
Adama Express
Alleghany Steel Co.
Allied Stores
Allis Chalmers 'womenangincarna
Amorada Corps, ................
Amer. Can weers Amer. & Foreign Power... Amert & Foreign $7 pt.... American Gas & Elec. Amer. Locomotive
A small business was done dur- ing the course of the morning at 1/2.29/32 for September delivery. The market closed at 1 pm, with sellers at 1/2.29/32. June August and 1/2.7/8 September/December. Amer. Metais Co..... buyers at 1/215/18 Cash/Septem ber and 1/2.29/32 October/Decem-
ber..
U.S. Dollars
Amer. Radiator ............ Amer, Rolling Mili
QUOTATION
Amer, 'ting and Ring Co. 417. Amer, Sugar Ring Amer. Tal. & Tel. Business was done at 29 1/8 for Amer. Tobacco "B". June and also 20 1/16 for August. Amer. Waterworks The market closed at 1 p.m. with Anaconda Copper ... sellers at 29 16 Cash,39 1/16 Atchison, T. & S. Fe. June/July and 29 August/Septem-Auburn Motors... ber, buyers at 29 3/18 Cash, 29 Baltimore & Ohlo 1/8 first half July, 29 1/16 first Barber Asphalt Co half September and probably 29 Barnsdall Of October.
Shanghai Dollars Sellers at 180 3/4 for Spot.
Shangha, Market
Quiet. Sterling sellers at 8.1/4 for Spot and US Dollars, at 16: 3/32 for Spat.
AFTERNOON MARKET
Steady but quiet,
... Sterling
The market "closed with sellers Columbla 6% "A" pl.
144
$100
$110
$18
$16 $18
87/6
Abella
$8.40 Waterboats
Docks, Wharves,
Godowns, etc.
H., & K. Wharre Providents
Providants (nu)
14.78
H.E. & W. Dock... $18.95
Do. (B00)
$107 Shanghai Docks 6.
$7.70 [New "Engineerings B
Mining
10 Kailani
$8.16 Rauba
Veceruela Gold Fide
4 cta, Hong Kong Hines ....
Lands, Hotels and
** Balldings
i
$5.70
$361
H.K. Hotels
85.70
HLK. Lands.n.8. | #36.50
$8,20
$100 D 4% Dibertaran
19.16 Shanghai Lands 8.
|H.K. Boaltion ......
Humphrert
$100 Chine Estaben, m
Cotton Mil
***
$16.60
"Last Sale
JUNE 4, 1939, STOCKS
Last Sale
June' 3
June 3
72
Int. Tel & Tel
71
172
|Johns Manville
75
9
|J. & Laughlin Steel $7 ptd. 443*
$8.80 #6.80
35.
Kennecott Copper
-329
1562
Libbey-Owens-Ford
Glass 47
94
Lockheed Aircraft
28
21
Loew's Inc.
191
Manhattan Shirt Co.
J
34M
Martin, Glen L
347
18"
McKesson. Robbins
134*
$94
Bandakso Light
Telephone (old)
$7.66 Taiephone: (DOW) ....
20/0 Tractions
22/0. Tractions (pref.)
#18) Ewo. - (8)
#109 S'hal Cottons (8.).
$30
040
|Zoơng_Sings. (8)
Wing On Textiles (8.) Public Utilities
**
Tramways ALLOY
$7.40 Pak Trams (old) $3.70 Peak Trams (new) ...
$16.60
IX.D.
1740
X.D.
$3.70
Star Farrios....
$68.50
$29.70Y'mat Ferries
Do.
Lohim Lights (0)
$8.80
$8.65
China Lights (New)
$5.50
China Lights Ris
1
H.A. Electric $56.75
$18
Macao Bloesejos
$18
E
..
$4.60
$8.20
|$18.80 $113
$49
SPOT
OCT.DEC.
$50
20 87/8
SPOT
$110
JULY-SEPT.
$4.80
OCT-DEC
8108 17,90
$1/0 38.26
$3
SINGAPORE RUBBER
June 2 buyers
28-9/4
29 cta
29-1/8
דיי
June 3 sellers buyers sellers
change
29 cts: 28-5/8 28-7/3 off 1/8 29-1/4 28-7/8 29-1/8
20-3/8
23-7/8 29-1/8 off, 1/4
The market opened with prices unchanged for all deliveries as compared with Friday's closing rates.
In accordance with conditions prevailing in London and New York the market was dull and fe aturèless throughout the session.
The sharp decline in Motor-car production in USA, which is attributable to the Automobile strike and the Whitsun Holiday, coupled with the uncertainty still surrounding the international political situation tended to restrain activity. Pending clarification of these adverse conditions' it is not expected that the market will move into higher grounds. It would, therefore, seem to be advisable to pursue a policy of slow accum ulation on further recessions,
LONDON RUBBER
Previous close
buyers sellers buyers sellers
To-day's close
Change
8-1/4
·8-3/8
8-7/16
8-1/2
CLOSED
JAN.-MARCH.
3-1/2 B-16
k
Market closed.
NEW YORK COTTON
To-day's market displayed on initial buoyancy, and prices ad- vanced on short-covering and good speculative buying. Throughout. the day, trading was active, and the bright mood of the market was well sustained. Steadiness of "spots""was an outstanding fea- ture. Large cloth sales during the week "had some bolstering effect with prospects of further sales.
NEW YORK RUBBER
ajaya
$1.70
28/
Market closed.
Industrials
901
Monsanto Chemical
97
$14
[Cald., Macg, (Ord.) 8.
121
Montgomery Ward
51.
$18
|Cald., Hacg, (Fref.) 8.
141
Pat. Dairy Products
16
Canton Ion
$1
Nat Distillers....
264
$13+
Cements
National Gypsum
Bop
17:18
13.hu
13.70
MiscellaneouES
1641
National Load
201
85
Nat. Power & Light
Dairy, Farm (Old)
#21.76
*
CHICAGO WHEAT
Opening prices were marked down on the weakness of the "Win- nipeg market, while reports of further precipitation also influenced a downward adjustment. On the whole, whether considerations were the main dominating factor.
National Steel Corp.
64
25
Nat. Bupply Corpn.
81
291
New York Central"
151
Nagara Hudson Power
Dairy Farm (New)
$8.80 Ch. E'tainments.
31.40 Constructions
Constructions
$7.30 Lane Crawfords ....
691
$6.90
(old) $1.40
New York Stocks
Previous To-day's
close ·**
close
136.74
Change 137,12 up .38
(new)
#7.20
54
N. American Aviation
Nanyang Tobacco....
$3.85
157
$1.808ncares
$1.80
137
North American Co.
22
$3.60 88.90 $8.40/18
Watsons
$8.40/ 80,
141
Northern Pacifc
4
Ch. G.5% 1925G $3Bda.
23+
Pacific Gas & Elec.
B. Govt. 1% Loans
301
581
Pacific Lighting
481
par.
Y.pm.
H.K. Govt. %Los
101
Packard Motors
3
H.K. Wing On .........” 18'hai Wing On
$104 $100 341
N. Y. Commodity Market
23%
Paramount Pictures
91
24
Pennsylvania R.R.
18
214
Phelps-Dodge
332
114.
Philips Petroleum
354
Public Service of NJ.
16/3
Vibro Piling
Maramana Inv. (Lon.}
4/14 - Maramano Inv. (H.K.)
75 ctm. Wm. Powells
*Salpi to Elnaghai
$8.50 $8.50
175 cts.
(By Courtesy of Messrs. Swan, Culbertson à Frite and 8. E. Levy & Company)
37
+7
Pullman Inc.
261
Pure Ol
71
18+
Radio Corpn. of Am.
61
LONDON STOCK
33 *
Republic Steel
181
697
Reynold Tobac. "B"
372
81
Richfeld Ou
"(REUTER'S SERVICE)
89
Safeway Stores
421
at 1/2.29/32 June/September and Commercial
47
Schenley Distillers
14
1/27/8 October/December, buyers commonwealth & 8. ford.). at 1/2.15/16 Cash/September and C'wealth & S. 6% cum pt.
11
591
Schenley, 5% PIC.. Seara Roebuck.
71
751
1 / 2.29 / 32 November/December. Consolidated Edison probably October,
London, June 2.
The following quotations are the middle prices në the close of the market in London. All quotations are subject to confirma- tion and no responsibility is assumed for errors in transmission.
New York Cotton, July New York Rubber, July Chicago Wheat, July- Chicago Corn, July Winnipeg Wheat, July New York Hides, September
EXCHANGE
Frer. To-day's High Low Close Close Change
8.05 8.97
8.97 9.03.06 up
16.39 closed
771
T
511 601
51
514. § off i
644
541
64
11.25 1118
11.25
11.2005 of
NEW YORK COTTON
.31. -
Seversky Aircraft
+3
£
Consolidated Ofl
Shell Union. Oll
124
US Dollars
Continental Can Continental On
37*
Bocany-Vacuum Oil.
12
War Loan, 31% (Red
-after 1952)
957
✓ 24.
Southern Pacide
134
Canton-Kloor Rly, $%
Union Insurance
304+ Gula Kalumpong Rubber 19/4) Allied Ironfounders ..... 19/6
Close
Opening
Closing
Change
The market closed with sellers Corn Products
at 29 1/8 June, 29 1/18 July/Curtiss Wright (0.) August and 29 September, buyers Curtiss Wright "A"
at 29 3/16 Cash, 29 1/8 first half Deere & Co. July and 29 1/18 first half Sep-Distillers Corpn. Seagrama tember,
Douglas Aircraft
62
Bouthern Rly $5 pfd.
211
1898 (Brit. Isaza).
18+
5
Sperry
422
Chinese, 44% Gold Loan
65.
Asso. & Elec. Industries Austia Motors, ord.
39/4)
32/6
July October December January
8.97/97
8.99/99
9.03/13
up
8.17/17
8.20/20
8.25/25
.08 10.
7.92/93
1.97/06
8.02/02
49. up
7.87 N
7.88/88
7.05. N
08. up
281
Standard Brands
61
201
184 -
Stand Gas & Elec. ********** Standard Oll of California: 267
3
Chinese 5% Gold Bunda,
1925–47
62
Cable & Wireless, New
Form, ord.
March
7.80/80.
7.82/82
541
May
7.76/76
Chin, 4% Anglo-French
B.-4. Tob. (bearer).
100/71
Spot
9.78 N
69
Standard Off of NJ.
431
Loan, 1908 A
Cammell Laird, ord. ..
8/7
Du Pont de Nemours ...................
1467
Stone & Webster
11
Chinese 5% Crisp: Loan,
Mexican Eagle
Shanghai Dollars
",180 3/4.
Eagle Picher Lead
дне
Swift International
1912-22
Courtaulds
28/3
Eaton Mig Co.
22 *
Technicolor
181*
Chinese 5% Reorg Loan,
Distillers
95/
July
NEW YORK BUNA.
16.39/39
7.79/79,
7.80/80 **86/18 9.78 N
09 up
10 up
.unch
Elec. Autolite.
281
|Texas Corpn.
391
1913 (Ldn. 16.) ANILA, 50
Dunlop Rubber.........
-287101
Elec. Bond & Share
Bj
Texes. Gulf Bulphur
28
Chinese 5% Ster. Notes,
Elec. Bond & Share $5 pf.
Trans-America. · "Oo.
8
1925 (Vickers)
Bec. Power & Light $7 pf. puntiate
Food Machinery Corp.
Gen: American Trans.
Gen Motors
Jen, Railway Bignal Glidden Co Goodrich (B.F.))
RICE SHORTAGE IN Elec, Bond & Share $6 p.
THE SOUTH
Gen. Wu Te-Chen's Gen. Electric
Plan To Solve
Problém
SHIUKWAN, June 5 (Int'l)-în Goodrich, $5 plug
rice vlew
shortage In Goodyear Tire & Co. of the Chungshan, Szu. I and Chaoan Great Northern Iron Ore... (Swatov) counties, the provincial Great Northern Rly, pid. authorities here will carry out the Great Western Bugar rice programme laid down by Gen. Greyhound Corpn. Wu Te-chen, the former Governor. Hecker Products....... to solve this problem,
Homestake Mining - Briefly Governor Wu's plan is to Industrial Rayon
International Harvester tranship rice from provinces bor- dering on Kwangtung and the en- Int Nickel forcement of an agricultural plan whereby more native rice will be Brown. A third way is the storage of sufficient rice when the famine is over
ter so that, it may be used in
June 4, 1939, June 1 High Low Close 136,74% 1374L 1218K 131. (18.00) (1801-1731 2754
89.57
36.57 9071 10 Utiribiea This plan had the effect of pre-2-87,0640 Bonds renting a vise of rice prices dur- $1,09 45.59 14 commodity Index dogry. for the famine a year agoj.
"Busina: Done: - 187,000 saures
644*
20th Cent: Fax
21
Chin, Imperial Rly. 5% ·
27
20th Cent. Fox. $14 pự: All
Loan
201*
Union Carbide & Carbon 、
77
Hóninn" Rly 5%
271*
Union Pacific
04
Hukuang Rly, 5%, 191121}
47+
United Aircraft
37+
35
United Airlines Trans.
101
441
United Corpn.
21
171*
United Corpn. $3 cum pl.
United Gas Corpa ****** 2
17)
United Gas Improvement, 127.
UB. Rubber.
271
US. Rubber's8 pfd..
*110
154. Steel
481
21j
Vanadium
201
26
Warner Bros." Pict.
51
181
Westinghouse' Elec..
96
Woodward Iron Cor.
171
83
20
Chase National Bank National City Bank
33.*
·251
80
DOW JONES AVERAGE
ow. Dow Jones Averagen,
HK. & 8hải, Bank (Col
Hukuang- Rly 5%, 1911
(German Insule).....
Lung Tsing & U. Hai Rly.
S'hal-N'king Rly.. 5%.....
Tlentain-Pakow Ry, 5%
(Brit. Sipd.) ...... Tientsin-Pakow Riy, 5% (German_Stpdɔ“Al Tientsin-Pakow Bly. 5%
(Brit..8bpd. Supl Loan) 17: Tientain-Pukow Bly, 5%
(Ger. Stpd. Supl Loan) 17 Jap. 5% Ster, Loan, 1997 371 JBD. 6% Ster Loan, 1824 45 Ger. 7% Intl, Loan, 1924 874 Chartered Bank dit HK & Shal Bank Lan *Beg.)
Western Holdings Sub-Nigel
21
85 P PFI =
Bristol Aeroplane
Gen Electric: (England) 79/6... Guinness (A) Bob & Co. 112/0 Hawker Siddeley Airc... 19/9
·22/11
September December March
16.41/41
18.45/45
CLOSED
18.40/48
CHICAGO WHEAT
Imperial Chemical Ind. 32 Imperial Tobacco .................. Marks & Sp'cer Aword. 65/71
134/41
July
September
Rolls Royce
112/6
December
77/77 *773/771 78/78
~~ 774/77)
773/771:
176/77
781/78F
Leyland Motors
93/9
Friday's Sales: 16,548,000 bushels.
Tate & Lyle
63/73
Turner & Newall
815
United Steel
24/7
CHICAGO COEN
Smethwick Drop
“1576′′
Armstrong Stevens,
July
514/51
307/50%
8/6
Pressed Steel, com.
∙19/11
Vickers, ord..
September December
524/521 52/52+ 53/53
2013
Woolworths
(65/1
Anglo-Dutch
27/43
Rub, Plant. Invest. Trust 28/71
July
641/648
Burma Corporation
8/7
October
Commonwealth Mining
1654/05 602/663
WINNIPEG WHEAT
642/84) 64/64 654/654 65/65
861/662
888
Marsman Inves
18/3
Randfontein Estates
39/7
13/71
"NEW YORK HIDES
228/0
Change
Eng & Mining
Corp
Tanamt Anglo- Burmah
44
September
11.24/25
89/1
December
11.57/57
11.25/18 11.20/20 11,50b/55% 11.51b/54a
79/41
NY Bliver Orficial
42-3/4
NY-London Cross Rate 4.08-3/8
umquoted 468-7/18
Shell
(Bearer
8718
NEW YORK STRAITS TIN
September
18.40b/80
Closed