FAGE 12-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS/Shanghai Exchange
June 15, 1939
Shanghai. June 15 (Reuter).
LONDON METALS
EXCHANGE
London, June. 14 (Reuter).
*COPPER
buyers
£
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS, ASSOCIATION
STOCK EXCHANGE
Buyer Ballers
Sai Noi THURSDAY 16.
Daynes Ballara Bales Nomian
JUNE.
sellers,
Insurances
$230 Canton Insurspoes.”
Union InsurENORE
185 H.E. Fires
Shipping
987- Douglasmaquamata
387
;
**
#1400 £35,
$225
1185
FRIDAY, JUNE 16, 1939.
PAYNE & CO.
COMMODITY BROKERS. STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
915 $50
RO
89/9
SP.OT
JULY-SEPT.
110 14.90
OCT.-DEX.
#18.20
8108
+
18.30
20/0
88.60 X.D.
13
(FROM PAYNE & CO.)
New York, June 14, 1939.
SINGAPORE RUBBER
June 13 bntrera sellers 38-1/2- 28-3/4- 28-3/4 29
29-3/4 29
June 14 buyers sellers
change
·28-9/3 23-5/8 of 1/B 28-1/2 28-3/4 off 1/4 28-5/8 23-7/8 of 1/8
The market opened 1/8 of a cent lower for all deliveries as com- pared with Tuesday's closing rates.
In sympathy with advices received from London and New York the market was dull and featureless throughout the day.
Despite some enquiries for immediate delivery trade and specu- lative interest was negligible. There was no inducement to operate either way, the market drifting on meaningless.
It seems that some incentive is badly needed and it is hoped that more activity will be witnessed after the impending announce- ment of American consumption for May, which is variously estimat- ed as from 40,000 to 45,000 tons.
Closing tone was quiet.
LATE CABLE NEWS
It was announced that May consumption of Rubber in USA. amounted to 44.377 tons as compared with 44,166 tons for April which was about sa expected,
Offelal T.T. Bates
."
Ś རྫུ ྃ ཥུ ·࿄ བྲྀ ཥུ་རྨུ རྦ ཞ
On demand
On London:-
Telegraphic Transfer. 1/2 3/4 Bank Bills, on demand/2 3/4 Credits 4 months' sight 1/3 On 'Shanghal;—
210
On demand
On Singapore:---
On demand
Oh Japan:-
On India:-
Telegraphic Tronster.
and demand
Un New York:----
London
New York
Japan
Paris
Hongkong
0/6-1/2 12-5/8
40 5.48 38
Standard, Cash 41-7/8 ..43 Standard,
HI
$1370
42-1/+ 3 months 42-3/16 Electrolytic 47-1/4 48-174
Banky
H.K. Banka LACI
Do. (Col Bag
Do. Lon. Reg.)...
Chartered Banks
Marcantila Bke, “A”
Է
12 3/4
Open Market-Selling Rates Sterling
TIN Standard, Cash 227-1/2 Standard.
227-3/4
105 1/4
Opening Closing
3 months 225
LEAD
225-1/4
7480
Sellers
Foreign,
$1.45 Underwriters.
897
213
Mercantile, BEL "C"
$80
Bank of East Asia ...
N. C. & S. Banks...
$19.8!!
150 ots.
$1.45
***
$485
Spot
June
July
...... 0/6-3/8
0/6-1/2 0/8-1/2- 0/6-7/16 0/6-29/64 0/6-23/32
Official Price 14-9/16 Foreign Oficial
14-11/16
Bank Bills, on demand 28 3/4
Credits, 60 days' sight 29 1/4
Spot
Un Batavia-
On demand
04
June,
On Paris:
Bank Billa, on demand 1984 "Credits 4 months' sight 1126
Merchant Rates
Sterling "................... 0/6-1/2 US Dollars............... $12-5/8
Silver Duty Rate
July
U.S. Dollars
$12-21/32 $12-21/32 12-0/18 12-9/16 13-13/32 12-3/8
3 months 14-11/18 14-3/4
SPELTER
Ordinary.
Official Price 14
Ordinary, Official
14-1/16
14-1/4
$18
Steamboats
$60
Indo-China
$30
83/9
Shella
Market: Quiet.
108
""
37 0/4
On Bangkok ----
4
150 5/8
Sterling Notes:-
Bank Buying Rate
1/9 15/16
The Central Bank of China's rate on London at (10.a.m. to-day was 1,2-1/2d.. unchanged from yesterday.
Bar Silver per ca
19 15/16
On Saigon ann
On demand
On Manila:
On demand
On demand
Market Report
FROM ROZA BROS
The price for Ready Silver rose 1/18 yesterday to 19.15/16 but the Forward rate was unchanged at 19.11/16. Silver advices-reported Speculators Da having operated both ways. The market Was steady. American Silver was quot. ed at 42 3/4 for Spot.
The London New York cross-rate was quoted at 488.34. New York/ London was quoted at 488.5/16
Market
The Equalisation rate was 43 per cent.
India Rupee Paper
Bombay, June 14 (Reuter), Govt. 3 Rupee, 96-07-0.
3 months 14-3/16 Final Afternoon Transactions Tin, Standard, Cash. £228-3/4 buyers.
Tin, Standard, 3 months £224- 1/4 paid and buyers,
Calcutta Exchange
Calcutta, June 14 (Reuter).
TT on Japan, 78-5/8.
1
New York Exchange
New York, June 14 (Reuter). T.T..on London (Opening Rate). 4.68-3/8,
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
Allled Stores
Quiet. Near rates quiet but the Alleghany Steel Co. Forward 'market was easier.
Sterling
Allis Chalmers Amerada Corps. ....................... Amer. Can m Amer. & Foreign Power Amert & Foreign #1 p.... American Gas & Elec...... Amer. Locomotive Amer. Metals Co. Amer. Radiator..
Business "was done during the course of the morning at 1/2.27/32 for June, and 142.25/32 December. The market closed at 1 p.m. with sellers at 1/2.13/16 June/July. probably August, 1/2.25/32 Sep tember/October, probably Novem ber and 1/2.3/4 December, buyers Amer. Rolling Mill...... at 1, 2.27/32 Jane, 1/2.13/16 Octo- ber and 1/2.25/32 December.
U.S. Dollars
Quiet. The market closed at 1 Amer. Tobacco "B" p.m. with sellers at 28 7/8 June/Amer. Waterworks July and 28 13/18 August, buyers Anaconda Copper at 28 15/18 Cash and probably 28 Atchison, T. & S. Fe. 7/8 August.
Shanghai Dollars
Sellers at 227.
Shanghai Market
Sterling sellers at 6.1/2 for Spot
"and U.S. Dollars sellers at 12.21/
32.
Afternoon Market
The market was afternoon.
Auburn Motors ... Baltimore & Ohio
Bethlehem Steel
Bliss & Co.
Biggs M'facturing
Brooklyn-M'hattan Trans.
easter in the B'klyn-M'hattan 56 cum pf.
QUOTATION
ཝཡྻུདྷཱཡོ, ཨཱཨྰཿཧྨབྷསུཝཨྰཿ
$4.90
198
Indo-Chinas (Deli)...
88,10 Waterbosta
Docks, Wharyes,
Godowns, etc.
$110.K. & K. Wharves
Providenta
Providents (new) «««** $16.20 H.E. & W. Decks...
Do, (w)......... Shanghai Docks 8. New Engineerings 8. Mining
20/0. KailanA
ax.div. 9.05 Razba..........
$3
Venezuela Gold Fide ota, Hong Kong Mines ... Lands, Hotels and Buildings
$3.80 H.E. Hotels
837 H.E. Lands .........B.
100 Do. 4% Debentures $10.40 Shanghai Landa 8. 34.80 H.E. Besltiës .... Humphreys
$100
Chinese Estates............ Colton Mills
$21.80 Kwo (8.)
$114 Bhat Coltons (8.) ...
Tramway
25.85
$37
T
$100
$3.05
$4.40
#29
$113
Zoong Sings (8.) .... Wing On Textiles (B) Public Ulities
#181
S POT
$17.201
$17
8171
OCT.-DEC.
JUNE 15, 1939 STOCKS
Last Sale June 14 : s'
$664
$7.40 Peak Trama (old) $3.70 Peak Trams (new) Star Ferries
ONT 40
33.70
867
JAN.-MARCH
Market cosy,
20.80
*********
73
$8.60 $5.65
$554
#24
$74
Int. Tel. & Tel.....
|J. & Laughlin Steel $7 pfd. 441”
|National Load
Packard Motors
114 Phillips Petroleum
Public Service" of N.J. ¡Pullman Inc.
781 Pure Oll
་
Republic Steel
点装
-
Ching Lights Rts.
$22.701 mati Ferries
Do. (now)
88,85 Chins Lights (0) $5.80 China Lights (New)
$56. Electri
$18 Macao Electrics
$17 Sendaian Lights 823,90 Telephones (old).
$7.70 Telephones (Daw)
Miscellaneous
121
Dairy Farm (New)
86.80 Ch. Etainmente
LONDON BUBBER
Previous close
To-day's close buyers aellera buyers sellers -
8-3/16 8-5/16 8-3/18 8-1/4 *-3/8 8-1/16 8-5/18 8-7/18 8-1/2
8-3/8
Change
unch. 8-3/8 off 1/16 8-7/16
of 1/16
H.K. Wing On ...**
'hai Wing On
Vibro Piling
Maramans Inv. (Lon.)
Maramans Inv. (H.K.)
31. Wm. Powelle
་་་་་་་་
Bales to Shanghai
STOCK EXCHANGE
(REUTER'S SERVICE)
The following quotations are the middle prices at the closs 'of the market in London. All quotations are subject to confirms- tion and no responsibility is assumed forverrors in transmission.
New York Rubber, July
Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, September
Last Sale
June 14
162
Johns Manville
91
351
Kennecott Copper
33
Libbey Owens-Ford
Glass
444
941-
Lockheed Aircraft
231-
Loew's Inc.
457
18%
Manhattan Shirt Co.
12
*35
Martin, Glen L
33+
20/0
Tractions
174
McKesson, Robbins
13*
29,8
Tractions pref.)
29
Monsanto Chemical
Industrials
NEW YORK COTTON.
After displaying an easy opening, the market became firm later on trade and foreign buying. Some substantial sustenance was unfavourable weekly wea- provided by steady cables together with
ther report, which influenced new speculative buying and "bear covering. On the whole, the market was quiet, and the volume was small. Price changes were also confined to a narrow range.
NEW YORK RUBBER
98
314
12
Montgomery Ward
Cald., Macg. (Ord.) 8.
$13
131
at. Dairy Products
Cald., Macg. (Fref.) 8.
15
Canton Ic
$1.10
Amer. Sting and Ring Co. Amer. Sugar Ring
42
Nat. Distillers...
26
314
Cements
$14
18
National Gypsum
114
83.70 Ropes
Amer. Tel. Tel........... 183
20%
831 Nat. Power & Light
822.20 Dairy Farin (Old)...
13.80
€29
The market opened weak with initial prices marked down. disappointing May consumption reports prompted some. Equidation and speculative selling. However, the undertone of the market re- mained steady towards the "close.
The
821
National Steel Corp.
62
241 Nat. Supply Corpn.
$1.55
Constructiona
(old)
281
New York Central
144
Constructions
(new)
Niagara Hudson Power
771
Lane Crawforda
CHICAGO WHEAT
This market ruled steady on unfavourable conditions prevailing in wheat belt. On the whole, trading was slow and price movements were restricted to narrow limits. Some small gains were noted.
N. American Aviation
151
Nanyang Tobsooo....
+
Barber Asphalt Co
124*
North American Co.
211
$1.80 Sincere
$8.95 Watsons
$3.63
New York Stocks'
Previous To-day's
close
close Change
138.20
137.50
off .70
Barnsdall O1
141
Northern Pacific
58 Ch. G.5% 19250 #Bd».
Bendix Aviation
23
Pacific Gas & Elec.
311
H.K. Govt..1% Loans
.56}
Pacific Lighting
48
pm H.K. Gost. 31% Loan
$100
10
31
841
$5.
Boeing Airplane Co. Borg-Warner
224
Paramount Pictures
9
#81
881
N. Y. Commodity Market
233
211
Pennsylvanic RR. Phelps-Dodge
172
15/9
34
351
38
was
Canadian Pacific R'way. Case, J.L Sterling
Celanese Business
done at 1/2.3/4 Chesapeake & Ohio December, 1/2.13/18 July and 1/2. Chrysler Corpn. 25/32 September followed by Columbia Gus & El. transactions towards the close at Columbla 6% "A" pt. 1/2.3/4 October and 1/2.23/32 De-Commercial .... cember. The market closed with Commonwealth & 8. (ord.)
201
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Levy & Company)
73
183
Radio Corpn. of Am.
6
LONDON
Prev. To-day's"
High Low
33
154
TO
Reynold Tobac, "B
New York Catton, July
'Close Close Change
9.30 9.24 9.27 9.29 .02 up
392
16.19
16.14 16.29
16.19a 10 off
61
Richfield O!!
.६
85
General Tire & Rubber Co 231
London, June 14.-.
P
464
Safeway Stores
424
19
Schenley Distillers
151
74 497 497 490 61) 11.02
731 734
731 + up
50+ 608 10.88. 11.10
491 61 10.99 11 off
umch
up
sellers at 1/2.25/32 June/July, 1/2. C'wealth & 9. 6% cum pt. 3/4 August/September. 1/2.23/32 Consolidated Edison October and 1/2.11/16 November/Consolidated Of December
813
Schenley, 54% píd
31
Sears Roebuck
758
R
71.
buyers at 1/2.13/18 Continental Can Cash, 1/2.25/32 September, 1/2.3/4) Continental Of October and probably 1/2.23/32 Com Products .. December.
Curtiss-Wright (C) Curtiss Wright “A” Deere & Co. Distillers Corpn-Seagrams: 181– Douglas Aircraft
DLS. DollarS
Business was done at 28 7/8 for June. The market closed with sellers at 28 13/16 June/July and 23 3/4 August, buyers at 28 15/16: Cash, 28 7/8 first half July and 28 13/16 August
226
Shanghai-Dollars
Shanghaf Market Sterling, 8.1/2 sellers for Bpot.
SILVER MARKET
LONDON SILFER London, June 14 (Reuter). Silver Speculators, bought and sold. Market quietly steady. In the afternoon, American trade bought at the fixed rate but the market closed barely steady on Indian offering.
Spot, 19-15/16d. Forward, 19-11/16d
NEW YORK, SILVER
New York, June 14 (Reuter).
Official Price, 42-3/4..
BOMBAY SILVER
Bombay, June 14 (Renter Market Qulet. Ontake 40 bars.
Ready
Fadian Mint Sver
July 12 Settlement Aug 11-Settlement
62-05
Du Pont de Nemours....... Eagle Picher Lead Eaton Mfg. Co. Elec, Antoilte
Food Machinery Corp. Gen. American Trans Gen. Electric Gen. Motors Gen. Railway Signal Glidden Co.... Goodrich (B.F) Goodrich $5 pf. Goodyear Tire & Co. Great Northern Iron Ore ... Great Northern Rly, ptd. Great Western Sugar Greyhound Corpn.
Severaky Aircraft
31
381.
Bell Union Oil
114
24
War Loan, 3% (Red
after 1952)
94
Socony-Vacuum Oll
112
831"
Southern Pacifć
127
54
Southern Rly $5 pfd.
217
251
Sperry"
427
197
Standard Brands
81
Stand Gas & Elec. g
"भु
69]*
Standard Oil of California.
264
148
Standard Ou pf NT-
434
9
Stone & Webster
118
1912
221
Swift International
Chinese 5% Reorg. Loan,
301
Technicolor
157
1913. (Ldn. I4) ................... 424
Elec. Bond & Share
B
Texas Corpn.
381
Elec. Bond & Share $5 pi.
Texes Gulf Sulphur .............
281
Elec. Bond & Bhare $5 pt.
85)
/
Trans-Americs Co. ..................
Elec. Power & Light #7 pf», 26j Flintkotes
20th Cent. Fox..
20
Chinese 5% 8ter. Notes,
1925 (Vickers) Chin. Imperial Rly. 5%
Loan ........
55
21
20th. Cent. Fox, $14 pf."
Ronan Rly. 5%....
3041
Union Carbide & Carbon
80
Bukuang Rly..6%; 1911... 19
46 357
Union Pacific (sta
941
United Aircraft:
44$ :
United Airlines Trans. ........"
109
163
United Corpn.
5%
177
United Corpn. $3 cum. pt. 351
171
United Gas Corpn.
2
701
United Gas Improvement 12%
28
UB. Rubber
42)
147
217
|US. Rubber $3 pid.
107
[US. Steel
474
26
Vanadium one
‚'201
*184
Warner Bros. Pict..
Hecker Products
Westinghouse Elec.
991
Homestake Mining
837
Woodward - Iron Cor.
-17
Industrial Rayon
21
Jap. 6% Ster. Loan, 1924 413-
International Harvester Int. Nickel
584
Chase National Bank National City Bank
324*
251**
.48*
Ger. 7% Intl. Loan, 1924 351 Chartered Bank
........... 74
bid... 1-ex. dlv. 'DOW JONES AVERAGE
1938
High Low Dow Jones. Averages, 15485.121.44 30 Industriala
June 15, 1939.
June 15, High Low Close Change 138,20 138.09 138.44 137:30
1.70 aff 27 81 27.74 27.49 97.78 D8 off 23.93 23.93 24,69 23,77. .18 off 80.5611 6T BA1407 PA17 of thain/Donas-4400,000 shares (2
-36,59 | 30.71 -- 30. - Jellites
99.31-87,00 40 Bonds -51,09 · 45,50 ~11 Commodity Index 49:89
HK & S'hal Bank (Ldn.
Reg.yt
HK. & S'hai Bank (CJL
Reg.)
Chinese Eng & Mining
* (bearer)
Chosen Corporation: Pekin“Syndicate Shai Elec, Const 6hal Waterwork
ཚ ཱཿ a 8 ཚོ སྰ ཿ ཤྲཱམབང ་ མ་འི
Canton-Kloon Rly. 5% 18
Chinese 41% Gold Loan,
1898 (Brit Issue)...... 59
Chinese 5% Gold Bonds,
1925-47 ..............pries...ensi 58
Chin. 47% Anglo-French
Loan, 1908
Chinese 5% Grip Loan,
Asso. & Elec. Industries 38/10).
Cable & Wireless, New
H-A. Tob. (hearer)
Cammell Laird, ord... Merican Eagle Courtaulds Distillers
July October
Union Insurance
301
Gula Kalumpong Rubber 19/4). Allied Ironfounders
18/3
Austin Motors, ord.
Form, ord."
NEW YORK COTTON
Close
+ ||
Opening" Closing
Change
9.27/27
9.27/27
9.29/20
.02 up
8.37/37
8.37/38
8.44/45
08 up
30:101
501
December January March
8.13/19 - 8.13/13
8.20/20
.07 up
8.04 N 8.03/03
8.10 N
.06 up.
7,97/01
1707/97
96710
May
7.92/92
1.90/90
RA1/01... *7.94/94
02 up
7/4}**
Spot
9.92 N
9.97 N
05. up.
7/7
28/3
94/6
Dunlop. Rubber.
27/1
July
15.
Gen. Electric (England) 77/10 Guinness (A) Bon & Co. 111- Hawker Siddeley Aire.... 18/14 Bristol Aeroplane
21/44 Imperial Chemical ⠀ Ind. » 30′′ Imperial Tobacco
129/41
September
December March
174
Hakuang Rig. 5%, 1911.
(German 'Issue).
Lung Tsing & U. Hai Rly.
5'hai-Ning Rly. 5%..... Tientsin-Pakow Riy 5% |\_\\(Brit, "étpd) ... 16
Tientsin-Pukow Rly. 5% (German Stpd.) ....................... Tientsin-Pukow Rly, 5%
(Brit, Stpd. Supl Loan) 16 Tientsin-Pukow R3y. 5%
(Ger. Atpd, Bupl. Loan) 18 Jap. 5% Bier. Loan, 1907 34 -
Tate & Lyle
United Steel
Rab. Plant. Invest, Trust 28 Burma Corporation 8/8" Commonwealth Mining.. 1 Marsman Investments... 1579" Randfontein Estates. 39/7) Western Holdings Sub-Nigel
Tanami Göl Anglo-Iranian Burmah
Shell
Marks & Spicer "A" ord, 57/71
Rolls Royce
108/B
July
Leyland Motors
September
62/3
December
NEW YORK: RUBBER „
10.29/29 16.17b/20a ̄ 18.17b/19a 16.38b/30a. 16.25/24 16.26b/27a 16,41/41 #7416.30b/3ia · 18.31/33. 16.45 B.. 16.33/35 16.35/35 Total sales for the day:-1,000 tons.
CHICAGO WHEAT
.731/731 731/731 733/731 *732/737 733/732 74/787
747/715
75/741
10 of
.12 off
.08 ou
"10 off
unch.
Tarner & Newall
78/41
Tuesday's Bales-18,686,000 bushels,
24/D
Smethwick Drop Forg.
15/6
CHICAGO CORN
Armstrong Stevens, ori
6/6
Pressed Steel, com.
18/11
Vickers, ord
19
Woolworths
63/6
July September December
491/491 499/492 514/511 621/521
48/491
51/51
517/62
Anglo-Dutch
25/3
WINNIPEG WHEAT
July October December
601/80)
60%/601
607/81
614/614
614/613
·82/62°
+614/634/
∙6307831
13/38
NEW YORK HIDES-
226/7
411
September
79/41
December
11.05/10 $10.98/967 11.38/43
10.96/99
11.30/28
11.285/30%
73/14
NY Silver
42-374
42-3/4
NY-Loud
Cross Rate 488-9/16
4.88-5/18
83/9
ZORK STRAITS TIN
47.506/48.00% 47.80/48.458 47 80H/48/45% 45. up