MONDAY, JUNE 19, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO,)
FAGE 12-HUNGKONG, DAILY. PRÉSS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
On London:
June 17,1939 - ..
Telegraphic Transfer. 1/2 11/18 Bank Bills, on demand1/9 11/15 Credits 4 months' sight 1/9 15/18 On Shanghai:
On demand
219
SILVER MARKET
LONDON "SILVER London, June 17 (Reuter). Silver Speculators sold.. India bought. Market quietly steady.
Spot, 19-11/16d. Forward. 19-7/182.
NEW YORK SILVER New York, June 17 (Renter), Omcial Price, unquoted..
:
BOMBAY SILVER Bombay, June 17 (Reuter).
Oftake 35 zars. Market-Quiet
"LONDON METALS
EXCHANGE
London, June 18, (Reuter),
COFPER
Standard Cash, 227-1/4 227-1/2 Standard,
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buyere ellers
buyers E
sellers +
Standard Cash. 41-1/2 Standard,
41-5/8
*#1320] #1380; $1360
3 months 41-7/8 Electrolytic ... 47
41-15/18 48
TIN
SHAREBROKKRA ASKOCIATION
İSATURDAY 17.)
JUNE.
Banks
H.K. Bank :
Do. (Col. Beg} **, Do. Lon. Reg.) ... Chartered Banks
get Mercantils Bku, “A** Mercantile Bka, "0" Hank of Esas Asin ... N. C. & B. „Baske
Insurances
Canton Ingursneje, .........
Union Insurances. .......
$1.45 | Underwriters
$185 H.. Fires
Shipping
Buyers Baller
Balon Worlan
⠀⠀⠀⠀ ⠀⠀
$1340
281
249
£13 $80
150 ats.
$995
$1,45
$480
$183
到
$87
Douglass was
$87
$15
Bteamboats
$16
$60
Indo-Chinas
$50
Indo-Chinas (Def.)...
$20
87/1+ 8ball
89/1
$8.10 Waterbosta
$81
Docks, Wharves,
SPOT
JULY-SEPT.
110
OCT.-DEC.
Providente
Providants (8W). »»«
818.10
$108
#8.30
19/0
£13 $80
On Singapore:-
On demand
52 1/2
3 months 234-1/2 224-5/8
LEAD
$295.
$400
Endian Mint Silver
On Japan:
On demand 104 3/4
On India:
Telegraphic Transfer.
31 7/8
61-10 Ready July 12 Settlement .... 51-10 Aug. 11 Settlement. 51-07
Foreign,
Omcial Price 14-9/16 Foreign Oficial
14-5/8
and demand
Ön New York:-
Bank. Bills on demand 28 6/8
Credits. 60 days' sight 99 1/8
Un Batavia-
On demand.....
53 3/4
On Paris:-
Bank Bills, on demand 1080
Credits 4 months' sight-1 122
on Saigon -
On demand
-107 1/2
On Manila: -
On demand-
On Bangkok:-
-37 1/3
On demand
is 1/4
Aterling Notes:-
Bank Buying Rate
1/2 7/8
Bar Silver per oz.
19 3/4
New York, June 17 (Reuter). T.T. on London (Opening Rate). 4.68-3/16.
India Rupee Paper
Bombay, June 17.(Reuter). Govt. 3% Rupee, 95-08-6.
Caratta Exchange
Calcutta, June 17 (Reuter). TT, on Japan, 78-5/8.
New York Exchange
3 months 14-9/16 14-5/8
SPELTER
Official Price 13-11/15 13-13/16 Ordinary, Official
14-1/18 3 months 14 Final Afternoon Transactions Tin. Standard, Cash, £227-3/4 value.
Tin, Standard. 3 months £224- 3/4 paid and buyers.
LONDON GOLD
London, June 17 (Reuter). Bar Gold, Fine per oz. 148/6. Dollar Parity, 1/2d, premium.
$30
Ordinary.
* ! 4:11
$470
$3
Godowns, etc.
$110 H. & K. Wharvso
$18.20 FK. & W. Doaka
Do. (new) an Shanghal Docks &.... ||New Engineerings 8.
Mining
19/0 Kailan
Vezuela Gold Fids
cta Hong Kong Wines ...
Lands, Hotels and Buildings
63,80 H.K. Hotel
Market Report
#38)
H.K. Lands..............
$100 Da. 4% Debentures
A
$0.60
$30
$1,01
$5.00
*$3.40
$29.80
##!
8113
342
8 POT
#481
OCT.-DEC.
JAN-MARCH
$16,
13 40 $3.70
New York, June 17, 1939.
SINGAPORE RUBBER ·
June, 16 buyers sellers 28-1/8
June 17 buyers sellers
change
28-3/8.
28
28-1/4
of 1/8
28-1/428-1/2
28-1/8 28-3/8
28-3/8 28-5/8 28-1/4 28-1/2
The market opened 1/8 of a cent lower for all deliveries as com- pared with Friday's closing rates.
Quiet conditions, prevailed early in the morning, thus reflecting advices received from London and New York. Fair enquiries for "spot Rubber failed to inspire speculative interest due to continued political uncertainties, which seem to remain the dominating in...” fluence.
Later in the session, however, the market became. steady on trade-buying caused by overnight cable-reports on a substantial in- crease in American Motorcar-production for the week ending June 16. This fact appears to furnish another indication for gradually improving business-prospects in U.S.A.
•
Prices registered slight advance of 1/8 cent for all deliveries, the market closing with a quietly steady undertone.
7
STOCKS
Adams Expresɛ ***** Alleghany Steel Co. Alfled Stores
Allis Chalmers
Amerada Corps...
Amer. Can
Amer. & Foreign Power ...
Ameri & Foreign $7 pf....
American Gas & Elec,
Amer. Rolling Mill
Amer. S'ting and Ring Co. Amer. Sugar Ring
| Amer. Tel & Tel. ...........
Amer. Tobacco "B" Lamer. Waterworks...
Anaconda Copper
Atchison, T. & S. Fe.
Auburn Motors...
done Was
ot
28
Baltimore & Ohio
The mar-
Barber Asphalt Co
at
Barnsdall Ol
Bendix Aviation
Elis & Co. .......
Boeing Airplane Co.
Borg-Warner
Biggs M'facturing
B'klyn-M'hattan 56 cum pf.
Canadian Pacific R'way....
Columbia 6% "A" pf.
Commersial
FROM ROZA BROS Silver prices dropped yesterday to the extent of 1/8 for Ready and 3/18 for Forward, the quotations being 19.3/4 and 19.7/16 res- pectively. Silver advices reported speculators as having operated Indla bought to a both ways. small extent. The market closed steady with buyers at the quoted rate, sellers bid 1/16 over. Ameri- can Silver was quoted at 42 3/4 for Spot."
The London/New York cross-rate was quoted at 468.15. New York/ London was quoted at 465.3/18.
Quiet,
Market
Sterling
Business was done during the course of the morning at 1/6.13/16 for June and July, 1/2.25/32 Sep- tember and 1/2.23/32 December. The market closed with sellers at June/July. 1/2.3/4 1/2.25/32 August/October and 1/3.23/32 No- vember/December, buyers at "1/2 13/16 Cash, 1/225/32 September and 1/2.3/4 December.
Business
U.S. Dollars
7/8 for June. ket
with closed
י
"
sellers
28 13/16 June, probably July and
28 3/4 August,, buyers probably at
28 7/8 June and 28 13/16 August,
Shanghai Dollars
'Sellers at 227 1/2.
Shanghai Market
Sterling sellers at 6.1/2 for Spot. US. Dollars sellers at 12.21/32 for Spot Quiet.
Shanghai Exchange
Shanghai, June 17 (Reuter)..
Official T.T. Rates
NEW YORK STOCK EXCHANGE
Amer. Locomotive Amer. Metali Co. Amer. Radiator
Bethlehem Steel
Case, J.I.....
Celanese
Chesapeake & Ohio
Chrysler Corpn.
Columbia Gas & El
QUOTATION
44
t-*4ཎཱཎཱR**--*།*L******
20%
4447
Last Sale
JUNE 18, 1939 STOCKS
$181
$18.30
Last Bale
Juné 17
June 17
$66/66
{Int." Nickel
477
161
Int. Tel & Tel.............
6**
9
| Johns Manville
70%
341
J. & Laughlin Steel $7 pfd.
443*
Kennecott Copper......
321
921
Libbey-Owena-Ford
Glass
431
21
Lockheed Aircraft
28
18
Loew's Inc.
45
$24
34)
Manhattan Shirt Co.
17
Martin, Glen I
321
281
McKesson, Robbins
12,*
39 Shanghai Lands 8.
$4.80 HK. Boalties
98 Humphreys ........
8100 Chinese Estates
Cotton Mills
$191 Kwo (8.)
་་་
#11518an Cotions (8.)
Zoong Sings (8.) Wing On Textiles (8.) Public Uülities
Trazaways
$7.40 Pack Tisma (old) ... $3.79 Peak Trans (new) |Star Farziós.
$99.70 'mati Farrier
Do. (now) Chins Lights (0) $5.80 Chins Lights (New)
China Lights Rt. EK. Electrics
$18 Macao Electrics ....... Sandakan Lighta..... $12
Telephones (ald)
$7.70 Telephones (new)" 20/0 Trmotions ...............
22/6 Tractiona ·(pral.)
Industrials
LONDON RUBBER
Previous close To-day's close buyers sellers buyera sellers
Change
8-3/16
8-1/4
8-6/18 8-3/8-
CLOSED.
$8.30 $8
$554
8-3/8 8-7/16
The average forecast of last week's stock of rubber in London and Liverpool shows a decrease of 80 tons,
NEW YORK COTTON
The market showed a better tone to-day with an early advance. in/prices. On the whole, the market was quiet but firm, and price movements were within a narrow range. The volume, was also sinali. Traders were marking time, awaiting the outcome of the se- tion of the House of Representatives on the export subsidy. Some small gains were recorded and prices were maintained at the day's. best levels.
-
44
12
Monsanto Chemical
97 *
134
Montgomery Ward
501
421
Cat. Dairy Products
151
Nat. Distillers
251
1587
National Gypsum
114
824
National Load
20
91
Nat. Power & Light
7
231
National Steel Corp.
80
277
Nat. Supply Corpn. "..
73
New York Central ....
144
42
Niagara Hudson Power
63
127*
N. American Aviation ..****
15
HRLER
$3.70 Ropes
***
Miscellaneous
Dairy Farm (Old)
Dairy Forin
$8.80 Ch. K'tainmente
81.56 Constructions
Constructions
$7) Lane Crawfords .......
Nanyang Tobacco
$1,80 Buncares ******
NEW YORK RUBBER
$14
Cald., Macg. (Ord.) 8.
$13
Cald, Macg. (Fref.) 5.
Market closed."
Canton Icar
81.10
$14 Comenta
$13]
$3.80
-829
(New)
321
$4.80
(old) | #11
(new)
CHICAGO WHEAT
An easy appearance was in evidence at the opening. Price de- clined on selling and hedging, influenced by better weather "and heavy receipta.
New York Stocks
Previous To-day's
close
close
134.87
Change 135.31 up. 04
$1.80
14
North American Co. .....
88.95 Watsons
$8.40
221
Northern Pacific
81
56 Ch. G.5% 1925G
da.
65%
***
55
Pacinc Gas & Elec.
317
4Xpm
H.K. Govt. 4% Loans
$104
91*
par
|H.K. Govt. #f% Loan-
$100
*
Pacific Lighting
474
G1
H.K. Wing On ...
$41
211
Packard Motors
34
What Wing On
2310
Paramount Pictures
81
#81
Vibro Filing
201
Pennsylvania R.R.
178
14/6
Marumine Inv. (Lon.)
Brooklyn-M'hattan Trans, ~103
Phelps-Dodge.
4/0
Maramans Inv. (FK)
34
Phillips Petroleum
351
Public Bervice of NJ.
36
76
Pullman Inc.
261
184
Pure Ou
71
325
Radio Corpn. of Am.
6
681
Republic Steel
151
01
Reynold Tobac, “8”
391
83 .
Wm. Powells
to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and 8. E. Levy & Company)
New York Cotton, July
New York Rubber, July
Richfield Of
8
London, June 16.
451
Safeway Stores
421
·
London
New York
Japan
Paris
Hongkong
0/6-1/2
Commonwealth & 8. (ord.)
14
Schenley Distillers
12-5/8
C'wealth & 8. 6% cum pt:
601
Schenley, 54% píd.
46
Consolidated Edison
301
Beara Roebuck
75
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmá- tion and no responsibility is assumed for errors in transmission.
Chicago Wheat. July Chicago Com, July Winnipeg Wheat, July New York Hidés, September
Prev. To-day's High Low Close Close Change
9.23 9.27 9.22,
9.27 .04 up 16.18.closed 714 721 72172) 501
401 492 BAT 612 60
1 off 4up
11.05 10.97 1100 11.01.01
NEW YORK COTTON
5.48
Consolidated Ol
TE
Seversky Aircraft
· 31
£
36
Continental Can
37
Shell Union Of
11
Continental Oil
231
Bocony-Vacuum Oil
112
War Loan, 31% (Red
after 1952)
93-9/16
Open Market-Selling Bater
Sterling
Opening Closing
Sellers.-
-0/6-1/20/6-1/2-
0/6-7/18
83*
Corn Products
Southern Pacific
121
Canton-Kloon" Rly. 1. 18
Curtiss Wright (C)
51
Southern Rly $5 pfd.
21
Chinese 41% Gold Loan,
Curtiss Wright "A"
2514
Sperry
401
1898 (Brit. Iue)......
Deere & Co.
19
Standard Brands
Chinese 5% Gold Bonds,
Distillers Corpn. Seagrams
181
Douglas Aircraft
0/6-11/32
Du Pont de Nemours.....
1462
Eagle Picher Lead
22$
30%
Technicolor
Elec. Bond & Share ....S
73
651.
25
201
30*
451 *
35
Gen. Motors
431
Gen. Railway Signal
181
General Tire & Rubber Co 224
0/8-172 $12-5/8
Glidden Co......
Goodrich (B.F)
17
US, Rubber
27
141
US. Steel
Vanadium
181
118
63
201** 552
June
July
Spot
June
July
U.S. Dollars
$12-21/32 $12-21/32
12-17/32
12-11/32
Market: Nominal, There was practically no market after 11.30 am, as the control Banks were refusing to sell on the theory that in doing so, they would be selling forward.
Sterling
Morchant Rates
US Dollars
→ Silver Duty Rate The Central Bank of China's rate on London at 10 am, to-day was 1/2-1/24. unchanged from yesterday.
The Equalisation rate was 34 per cent.
London Exchange
London, June 17 (BWS). Closing mean rate
Paris, 1764. A
New York, 4831,
Montreal, 4.09-7/18,
Brussels, 27,541,
Geneva 20,18 Amsterdam, 8.82 Milan, 89-1/18, Berlin 11:56) Other rates were
Eaton Mfg. Co.
Elec. Autolite
Elec. Bond & Share $5 pf. 57 Elec. Bond & Share $6 pf. Elec. Power & Light $7 pl. alintkote
Food Machinery Corp. : Gen. American Trans. Gen. Electric
Goodrich $5 pt. Goodyear Tire & Co. Great Northern Iron Ore Great Northern Ely, vid. 211 Great Western Bugar Greyhound Corpn.... Hecker Products Homestake Mining. Industrial Eagon International Harvester
1939
DOW JONES AVERAGE
High Low Dow Jones Averages, 16485 191,44 30 - Industrials"
36.23 94.1425B 19
36.53 2071 10 Utliked *92.99 € 670501 Bendig
“June 18, 1990S June 16, High Low Close 124.87 12455 18471 185.81
Change
HK. & Shai Bank Cdn.
Reg)
KK & Bhai Bank (Col.
86 0627.83 97.04 97.36 37 up Op 23.23 23.46 23.35 22,40
89.17 01 00 |traal Lecz
81.00 46595 11 Commodity Index 19.61
B: Businow Dome: 120,000 shares
Burmahe
shell Trans
Stand Gas & Elec........................
27
1925-47 ....................................................
Standard Oll of California
Standard Oil of NJ.
42
Chin 44% Anglo-French
Loan, 1908
"45
Stone & Webster
101
Chinese 5% Crisp Loan,
1912
8 29 3
56
Union Insurance
304 Gula Kalumpong Rubber 18/3 18/6 Allied. Ironfounders Asso, & Elec. Industries 38/104 Austin Motors, ord....... 30
Close
Opening
Closing
Change
July October
9.23/23
9.24/24
9.27/21
8.37/38
8.40/41
8.45/45
December
8.10/10
8,18/15
8.18/18
Cable & Wireless, New
January
7.99 N
8.04/04
8.06 N
Form, ord.
493
March
7.92/03
7.97/07
7.90/99
B.-A. Tob. (benrer)
95/7
May
7.85788
7.90/90
7.92/92
Gammell Laird, ord.
7/14
"Spot
-9.36-N
| Mexican Eagle
1/3
25
Courtaulds
25/3
NEW YORK RUBBER
Swift International
27
152**
Chinese 5% Reorg. Loan,
Distillers...
......
93/9
Texas Corpan say
381
1913 (Ldn. Is.)
39
Dunlop Rubber
- 26/41
July
16.17/18
Tezea Gulf Sulphur
231
Chinese 5% Ster. Notes,
1925 (Vickers)
15
Trans-America Co.
51.
Chin, Imperial Rly. $%
Gen: Electric (England) 78/14 Guinness (A) Bon & Co. 107 2 Hawker Siddeley Air.... 17/3
September
18.24b/27a
December March ...
16.20/29
18.35H/37 a
20th Cent. FoL.
19
· Loan
bag
Bristol Aeroplane
20/9
20th Cent, Fox. $14 pt.
Honan Rly. 5%
Imperial Chemical Ind.
29/9
CHICAGO WHEAT
Union Carbide & Carbon '***
781
Raknang Rly. 3% 1911...
Imperial Tobacco
128/9
Union Paclic me
031
Hukuang Rly. 5%. 1911
Marks & Spicer, “A” ord. 56/3.
July
720/721
724/721
710/713
United Aircraft
351
(German Isme)
Rolls Royce
106/101
September
737731
721/73
United Airlines Trans.
10%
United Corpn."
2
Lung Tsing & U. Hal Rly.
Leyland Motors
81/6:
December
731/731
17
United Corp. $3 cum. pf. - 351
Ehal Nong BT 5
United Gas Corpa, mitte
11
United Gas Improvement: 12
410
U.S. Rubber $8 pfd.
108
401
20
Warner Bros. Pict.
42
Westinghouse Misc.
Woodward Iron Cur
1611
Chase National Bank National City Bank
321
Tiental-Pakow Ely. 5%
(Brit. Stpd.)
Tientsin-Pakow Rly: 5%
(German Stpd.),
Tientsin-Pukow Rly. 5% (Brit, Stpd Supl, Loan) Tientsin-Pakow Riy 0%
(Ger, 8tpd. Bupl Loan) 14′′
Jap. 5% Bter Loan," 1907" 31
Jap. 6% Ster. Loan, 1924 301
251+
Ger. 7% Intl Loan, 1824 341 Chartered Bank
ངོས་ལ་གཙཙྩ
Tate & Lyle
82/3
Friday sales:15,514,000 bushels.
Turner & Newall
76/7
United Steel T.
23/101
CHICAGO CORR
Smethwick - Drop Forg............ 1576
Armstrong: Stevens, ord. 8/8 Pressed Steel, com Vickers, Word
July
∙17/6 18/9
September December
401401
511/514
511/511 $2/62
Woolworths assim: 62/7} Anglo-Dutch
24/4
WINNIPEG WHEẤT
Rub. Plant Invest. Trust 27/41 Burma Corporation Commonwealth Mining. Marsman Investments. 14/8. Randfontein Estates... 39/14 Western Holdings Bud-Nigel
8/3
July
Decem
#18/611 631/621 634/634
014/61
621/621
602/607 613/02
#31/621
12/41
NEW YORK RIDES
223/11
Tanati Gold Mining.
410
Azizio-Iranian
11.00/001100/01-
11.28b730811,266/95a TIS
72/6
63/14.
STRAITS TING,