STOCKS
Adams Expresë ................
Alleghany Steel Co Allied Stores
B'klyn-M'hattan $8 cum pf. Canadian Pacific R'way. ¿. Case, J.I.
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Columbia Gas & El
Columbia 6% "A" pl. Commercial
Commonwealth. & 8. (ord.)
Consolidated Edison
Consolidated Oll
Continental Can
Continental Off
Market Report
FROM ROZA BROS
Silver prices dropped 1/16 yes- terday for both deliveries, the quotations being 19.13/16 for Ready and 19.5/8 for Forward. Silver advices reported India as having 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 468.37. New York/ London was quoted at 488.3/3.
•
Market "
12-17/32 -
Market: Quiet but steady.
Merchant Extes
Silver Duty Rato"
rate on London at 10 am. to-day- was 1/2-1/2d., unchanged from yesterday.
The Equalisation rate was 4 per
The Central Bank of China's cent.
NEW YORK STOCK EXCHANGE
Opened steady but subsequently Allis Chalmers .................... eased off slightly.
There
Sterling
Amerada Corps. ....
Amer. Can.....
Amer. & Foreign Power
after the Ameri & Foreign $7 pi....
were sellers opening at 1/2.27/32 for nedr re-American Gas & Elec...... sulting in business at 1/2.27/32 for Amer. Locomotive December followed by transactions Amer. Metals Co.
at 1/2.7/8 for June/July. The Amer. Radiator.................. market then reacted and offers Amer. Rolling Min........... at 1/2.27/32 were accepted for Amer. S'ting and Ring Co. October, September and August, Amer, Bugar Ring The market closed at 1 pm, with Amer, Tel. & Tel. sellers at 1/2.27/32 June/July and Amer. Tobacco "B" 1/2.13/16 August/December, buyers. Amer. Waterworks at 1/2.7/8 Cash/August and 1/2. Anaconda Copper 27/32 September/December.
U.S. Dollars
Business was done shortly after the opening at 28 15/16 for July followed by transactions at 29 for June. The market closed at 1 p.m. with sellers at 28 15/18 June/ July and 28 7/8 August/September. buyers at 28 for cash and 28 15/16 September,
Shanghai Dollars
Nominal at 227.
Shanghai Market
Sellers of Sterling were reported
at 8.17/32 for Spot.
Afternoon Market
Atchison, T. & S. Fe.
Auburn Motors.......................... Baltimore & Ohio Barber Asphalt Co
Barriadali Oli... Bendix Aviation Bethlehem Steel Bliss & Co. Boeing Airplane Co. Borg-Warner
Biggs M'facturing Brooklyn-M'hattan Trans.
The market was quiet in the C'wealth & 8. 6% cum pr. afternoon...
Sterling
Business was done at 1/2.27/32 Corn Products ....... for July and 1/2.18/16 December. Curtiss Wright (C) The market closed with sellers at Curtiss-Wright "A" 1/227/32 June. probably July and peere & Co. - 1/2.13/16. August/November, prob- Distillers Corpo. Seagrams ably December, buyers at 1/27/8 Douglas Aircraft .............. Cash/July and 1/2.27/32" August/Du Pont de Nemours ....... November.
Eagle Picher Lead
QUOTATION
381
20
·35
181
124
1691
*** 1 8 1 8 8 8 8 7 1 8888 | 737885878
291
J. & Laughlin Steel $7 píd. 47
Martin, Glen L.
McKesson, Robbins Monsanto Chemical
PAGE 12-HUNGKONG" DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS (Shanghai Exchange
Jane 12, 1939
On London:
Telegraphic Transfer. 1/3 374 Bank Bills, on demand!/2 3/4 Credits 4 months" sight 1/4
Qa Shanghai:-
On demand
On Singapore:-
On demand
Shanghal, June 12 (Reuter).'
Official T.T. Rates
London ... New York
Japan
Paris
Hongkong
0/6-1/2
13-3/8
48-1/4
6.48..
36-1/4
Open Market-Selling Rätes Sterling
0/6-1/2 0/6-9/16 0/6-7/16 0/6-17/32 U.S. Dollars
$12-11/16 312-13/16 12-21/32 12-13/16 12-17/32 12-11/16
Sterling
212
32. 3/4
Opening".
Da Japan
Sellers
・Buyers.
On demand...
105 1/4
Spot
0/6-1/2
0/6-9/18
On India:-
June
Telegraphic Transfer.
813/2
and demand
July
On New York:
Bank Bills, on demand 8 3/4 #Crits, 60 days' sight #9 1/4
Spot
June
On Batavia:—
July
On demand
63 7/8
On Parts:-
Closing
Bank Bills, on demand 1384.
Sellers
Buyers
Credits & months' sight 1125
Spat
0/6-1/2....
On Saigon
June
On demand
103
July
0/6-7/16
On Manila: -
On demand
37 3/4
U.S. Dollars
On Bangkok ---
Spot
$12-11/16
» On demand
150 5/8
Sterling Notes:-
June July
12-21/32
Bank Buying Rate
1/2 15/10
Bar Silver per 01
10 13/18)
Sterling U.S. Dollars
0/8-1/2 $12-5/8
0/6-1/2
가
NEW LEVEL FOR CHINESE DOLLAR
Stabilization Åt Over Six Pence
LONDON, June 12
(Reuter)—
There are signs that the new level of the Chinese dollar will be, rather above six perice, says the "Finan- cial News."
If the exchange shows algns of holding at this point for any length of time, the. Chinese Ex- change Fund Will presumably adopt it as a new official peg and stabilize accordingly, but it will in no way regard any such stabiliza- tion as final,
The authorities were confident of holding the rate at 8 1/4d, when the Fund was formed in March. yet within three months, they were forced to revise their views. "The natural level" will be liable to change as long as the war with Japan drags on, says the journal.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buyers
| Bellers
'SHAREBROKERS" ASSOCIATTOR
Nominal MONDAY 12
Bayer Bellera nomins
JUNE.
Hanks
$1390
#1400
H.K. Banks
£931 EB.
1!
FA
#::
Do. (Col Bag.) ..... Do. Loa. Bag:) .... Chartered Banka....
E37 Marcantile Bhs. "A** £13 Mercantile Bks, "" 880 Bank of East Asia, ... N. C. & 8. Banka... Insurances
$930 Canton Insuranost .....
Dalian Infürenos
| $1,43 | 17nderwritten
$183 [H.K. Firu
233
$1395
$1400
£85
£8
H
· ន
$80
50 ots
3895
$1.4B
$480
$135
Shipping
387
Douglases neregl
BUT
J16
Steamboats
$60
Indo-Chinas
(Prof.)
-485
130
Indo-China (Dat.)...
84/4Sballa
98.10 Waterbosta
Docks, Wharves, Godowns, etc.
$16
$50
$20
| 84/4}
***
SPOT
JULY-SEPT.
$110 $480 $4.95
$18
$110
$18.20
H.K. & K. Wharven Providente Providents (DOW} ~.-•• [H.K, & W, Docks... Do. (new) dán Shanghal Docks '§. ... New Engineering 8. Mining
#110
OCT.-DEC.
$4.90
$18.20
8108
+8,30
30/6
$3.
TUESDAY, JUNE 13. 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
}
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, June 10.
SINGAPORE RUBBER
June 9 buyers sellers
-28-3/4 29
June 10 buyers sellers 28-7/8 29-1/8
change
******** 28-7/8
་བསྟ་་་ཀ
29-1/8 29-1/4
29
29-174
29-1/3 29-3/8
up 1/8 up 1/8" up 1/8
13.80
$97
Last Sale
JUNE 11, 1939 STOCKS
817.10 $17
June 10
T
Int. Tel & Tel.
Last Bale June 10
71
8601 $99.70
171
Johns Manville
761
Do. (36)
20/6 Kallana
$8.40 Ranba
$3 Venezuela Gold Fide
4 cta. Hong Kong Minon ... Lands, Hotels and Buildings
H.S. Hotels
H.K. Lands.......
$1061 Do. 4% Debentures $10.10 Shanghai Landa 8.
$480 HK Realtima
Humphreys ******
8100 Chinese Estates
Cotton Mills
$21 Ever
(8.)
#114 S'hat Cottons (9.)
Zoong Sings (8.) .... Wing On Textiles (8.) Public Utilities Tramways
$7.40 Peak Trame (old) $3.70 Peak Trama (new)
H
Star Ferries
F'mati Ferrion
$8.85 China Lights (0)
1201
5
$6.90 85.80
$37
$100
$6,05
861
#14
$12.60
$8.85
$$.80
China Lights (New)
Kennecott Copper
34
China Lighta Rts.
Libbey-Owens-Ford
Glass 473*
$55%
E.K. Electric
$5.85
158 $581
Lockheed Aircraft Loew's Inc.
201
$18
461
$12
Manhattan Shirt Co.
$21
"$24
337
98
44
Montgomery Ward
521
314
Macao Electrion
Sandakan Lights
Telephones (old)
$7.70 Telephones (DSW)
20/0 Tractions
22/0 Tractions (prof.) Industriais
Cald., Maeg. (Ord.) S.
$24
|Kat. Dairy Products
161
$13
Cald., Macg. (Fref.) 8.
432
Nat. Distillers.
$1.10
Canton Lone
26
National Gypsum
314
Comenta
$1.10 $14
111
National Load ........?
$3.70 Baper
$3.90
201
Miscellaneous
Nat, Power & Light
22.20 Dairy Farm (Qld)
322
EP
National Steel Corp. Nat. Supply Corpn. New York Central
041
$8.80
***
$91.20 Dairy Farm (New)
Constructione
$21
Ch. E'tainments
$8.00
154
(old) #li
Construction
Niagara Hudson Power
7
#71
Lane Crawforda
51
132
N. American Aviation North American Co.
154
Nanyang Tobacco ****
211
$1.80 Hincares
$1,80
Northern Pacific
9
18.56
Watsons
$8.90 | 48.85
231
Paciic Gas & Elec.
59/
317*
Ch. G.5% 1925G $Bda. H.K. Govt. 4% Losna
$104
Paclic Lighting
*48)*
Packard Motors
31
141
100
$41
110
Paramount Pictures
91
Pennsylvania R.R.
Phelps-Dodge
18/0
351
11
Philips Petroleum
4/0
361
391
Public Service of N.J.
31
37
- *1
Pullman Inc.
271
Pure Of .....
19
Radio Corpn. of Am.
61
334
Republic Steel
LONDON
161
711
Reynold Tobac. “B”
61
Richfield Ol
85 *
Safeway Stores
47.
Schenley Distillery.
14
Behenley, 54% pfd.
59.
Seara Rosbück
76
31+
Seversky Aircraft
*31*
2
g
Shell Union Oll......
4pm H.K. Gori. 34% Loan
H.K, Wing Ou
vagma
B'hai Wing On...... Vibro Piling
Maramana Inv. (Lon}
Marso Lov. (KK)
Wm. Powella
window to Shanghal
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 confirms- tion and no responsibility is assumed for errors in transmission.
New York Cotton, July New York Rubber, July Chicago Wheat, July .............. Chicago Cora, July ............................ Winnipeg Wheat, July New York Hides, September
68
$100
New York Stocks
The market opened 1/8 of a cent higher for all deliveries as com
pared with Friday's closing s
rxtės.
In accordance with conditions prevailing in London and New York the market was steady throughout the session,
Fair enquiries for immediate and forward deliveries of Crude Rubber by dealers and speculators were apparently induced by reports that American manufacturers are constant buyers of "actuals", and that their inventories are estimated at low levels, ...
Furthermore the fact of having the American new automobile models 1940 ready at an earlier date than usual coupled with improving prospects for a general business-revival and for removing political, uncertainties as evidenced by à further substantial reduction of War-risk premiumą, will, it is believed, Lispire a sufficiently fair buying movement to gradually put the markst on higher levels.
Later in the session prices registered an advance of 1/8 cent for all deliveries due to persistent further general buying, the mar- ket closing with a steady undertone. 41
$118
$42
$487
$17.18
SPOT
$7.40
OCT.-DEC.
$3.70 367
LONDON RUBBER
Previous close To-day's close
buyers sellers buyers sellers Change
B-1/4 8-3/8
8-1/2 JAN.-MARCH 8-12 8-0/18
Market closed.”“”.
CLOSED
The average forecast of last week's stock of rubber in London and Liverpool shows a decrease of 50 tons.
NEW YORK COTTON
Very little interest was shown to-day with most operators keep- ing on the side lines, pending Washington's decision on the export subsidy question. However, some concern, was » still felt '(regarding the over wet conditions in the central belt. Throughout the day, the market was lifeless with tÅding restricted and price move- ments confined to narrow limits. "A slight marking down was caused by lack of buyera.
Market closed.
NEW YORK BUBBER
CHICAGO WHEAT
The market presented a week appearance with initial prices marked down. This was attributed to lower foreign cables. Some scattered liquidation, and profi-taking retarded. "ang Improvement. On the whole, price movements were limited to a narrow range.
Previous To-day's
close
close Change
140.03
140.14 .up .05
190 cts.
London, June 9.
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
8.: E. Levy & Company) ...
Prev. To-day's High Low Close Close Change.
9.30 9.27
9.29 9.28 .01 of
10.46
closed
#ast
741
747
742 100
51
614
604
11.40 11.27
50% 501 50% off
614
813 off 1137 11.28 .09 OF
124
384
Socony-Vacuum Ol'
117
War Loan, 34% (Red
after 1952)
944
241
Southern Pacific
13.
Canton-Kloon Rly. 5%
·641*
Southern Rly $6 pfd."
22
1898 (Brit. Issue).
18
5
Eparty
441
Chinese 41% Gold Loan, si
251
Standard Brands
7
201
Stand Gas &–Elec,"
1828-87
18*.
Standard Oli of California
284
Chin, 4% Anglo-French
691
Standard Oll of N.J. mai..
45)
1491
Stone & Webster ...............
时
Swift Internationa).
U.A. Dollars
Eaton Mig Co..
231
Technicolor -
161
Elec, Autolite.
*291
Tesss Coron
391
The market closed with sailers Elec. Bond & Share at 28 15/16 for June, probably Elec. Bond & Share $5 pt. "July and 28 7/8 August/first half Elec. Band & Share #8 pl. September, buyers at 29 for cash Elec. Power & Light $7 pt. and 28 15/16 first half September. Flintkote ......
8+
Texes Quit Sulphur
281
Trans-America Co.
67.
20th Cent: FOL.
21
271.
20th Cent, Foxi SIŁ pt.
201
Union Carbide & Carbon
814
Honan Riy. 5%
| Food Machinery Corp.
311
Shanghai Dollars
Union Pactic...
97.
Chinese 6% Gold Borida,
"Loan, 1908
Chinesa 5% Crisp Loan,
1912....
Chinese 1% Reorg, Loạn,
1013 (40., IL)
Chinese 5% Ster. Notes,
· 1928 (Vickers)
Chin. Imperial Ely, 5%
Loan...
Hukuang Rly, 6%, 1911 191
Union Insurance
301 Ghils Kalumpang Rubber 18/101 Allied Ironfounders...... 18/9 Asso. & Elec. Industries 39/1 Austin" "Motors, ord”
$2/11 Cable & Wireless, New
Form, ord
NEW YORK COTTON
Close
- Opening
Closing
Change
July October
9.29/29
9.30/30
9.28/28
8.45/45
BAS/44
8:44/45:
unch.
8.20/20
8:18/10
~8.19/19-
B-A Tob. (bearer) ..
*98/9,
January
8.12 N
8.09b/12a
8.10N
42 off
Gen. American Trana:
474 United Aircraft
371
Hakuang Fly: $% 1911
Nominal at 228.
Gen. Electric...
86% Dalted Airlines Trans.
207
(Geripan Issue) Sams
Gen. Motors
45
{United Corpn.
Shanghat Market --
Gen, Railway Signal
131*
Bellers of Sterling at 8.1/2, buy Glidden Co.
era at 6.17/32 for Spot
United Corpn. 33 cum pt. United Gas Corpn.
Goodrich (B.F.)
181
United Gas Imprprement: 153
Goodrich $5 pr.
701
{U'§. Bubber
431
Goodyear Tire & 09.
294.
Great Northern Iron Ore ....
US. Rubber 48 p. 1081
141*
U.S. Steel
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transnoted"
HK
on Monday, June 12, 1939.
Banks
Great Northern Rly, pf4.
221
-401
Vanadium
.མ་
Great Western" Bugar 5
231
Warner Bros. Pict.
41
Greyhound Corpn.
Heckör Products Kid
Westinghouse. Hist.
101
12
Woodward-Tron, Ger. .....
181
Homestake Mining
64
Industrial EJOR
| Chase National Bank
21
National City Bank
331* 261+
International Harvester.
811
HK Docks
999
400.00 Int. Mickel:
18.30
493
Lung Tring & U. Hai Rly.
5%
8*hal-N'king - B}y. #%**/ Tientsin-Pakow Rir. 5% (Brit. Btpd.).............. Tientsin-Pukow Bly. 8%
(German 8tpd.) ............... 16 Tientain-Pukow Fly, 5%
(Brit. Stpd. Supl Loan):16 Tienstain-Puków Rly, 6%
(Ger, Styd, Supl Loan) 16 Jap. 5% Bier. Loan, 1907 36 Jap. 8% atez, Loan, 1924 44 Ger. 1% Intl Lösn, 1924 -37 Chartered Bank.
United Steel
8 ཞུ་ ོ ཕྲཧྨ ཝ བསོཚ
Cammell Laird, ord.
7/8
March
8.04/04
8.03/02/
· 8,01/02-
01 of
Mexican Eagle
6/14
*May
8.00/00
7.98/98
7.95/95
Courtaulds
27/3
Spot
9.99 N
9.98 N
.01 64
Distillers
94/6
Dunlop Rubber
25/14
NEW YORK RUBBER
Cren Electric (England)
19
Quinness (A) Bon & Co. 111/6
July
16.45/46
Hawker Siddeley Airc. 19/1
Bristol Aeroplane
Imperial Chemical Ind.
39/7
September December March
16.54/54
CLOBET
18.586/69a
16.62 N
Imperial Tobacco
132/5
Marks & Spicer "A" ord,
CHICAGO
59/8
Rolls Royce
111/8
July:
744/743
Leyland Motors
92/0
September
-753/75+ 747/754
·754/751
171
Tate & Lyle
62/74
December
70/761
701/181
Turner & Newall
78/104
Friday's Bales:
3,808,000 bushels
2479
Smethwick Drop Forg
15/0
Armstrong Stevens, ord. 676!! Pressed Steel, com. Vickers, ord
CHICAGO CORN
: 18/8
July
50/50
50/501
Woolworths
September December
2/320/ 51/511 621/523
617/02
528/621
Anglo-Dutch
Rub, Plant. Invest. Trust 28/8 Burma Corporation“ 8/70 Commonwealth Mining.. 10. Marsman Investments... Randfontein Estates, 3910
WINNIPEG WHRAT
167
July October Decettiber
·61/602
823/620/62/617
#031/631
HK. & Shel Bank (Lán.
Reg)
Western
13/3
Sub-Nige
22/0
NEW YORK HIDES
Bank of East Asia - #5944 Lands ∙Land De
73.00
300
37.10
DOW JONES AVERAGE
HK & B11 Bank (Col
Tanam
tres $1,000.
1%0.
1939
1801
Eng, & Mining
September
Angio
Decem
11.95/37 €120/70
11.40/40 11.70/885
Burmah
74/44
Waterb
Watson
8,50
Silver Om
Stell
8.75
*880 24.23
-NY-Londoti frost Rate 488-5/16
NEW YORK STRATI
22.50
∙195
Septe
Ban Mauricio!