1:43/4
STOCKS
Adams Express
Alleghany Steel Co.
New
Allied Stores
quoted
at Allis Chalmers
Amarada Corps."
Amer, Can
Amer. & Foreign Power
Ameri & Foreign #7 pt...
American Gas & Elec.
Amer. Locomotive
U.S.. Dollars..
Nothing doing.
There
Anaconda Copper Atchison, T. Auburn Motors ...
9. Fe.
Market Report
FROM ROZA BROS Sliver prices were unchanged yesterday, the quotations remain- ing at 19.5/8 for Ready and 19. 7/18 for Forward. Silver Advices reported India and Speculators as having operated both gays. small business was dam Later America bought Tere was some bear covering at 1/18 over the quoted
The market.. rate. steady. American Silver was quot- ed at 42 3/4 for Spot.
A
Was
The London/New York cross -rate was quoted at 468.12.
York, London 468.3/16.
WILS
Market
Steady but quiet.
Sterling
A small business was done at
Market: Qulet but steady.
Merchant Exton'
U.S. Dollars, $13-3/18.
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, to-day
was 1/3-1/2d., unchanged from Calcutta Exchange yesterday.
Toe Equalisation rate was 22 per cent
$35
#35
Calcutta. June 28 (Reuter).. TT, on Japan, 78-5/8-
par
...
NEW YORK STOCK EXCHANGE
1/2.27/32 for near and 1/2.13/16 Amer. Metals Co... for September. The market clos-Amer. Radiator ..... ed at lunch time with sellers at Amer. Rolling Mill 1/2.13/16 June/August. 1/2.25/32 Amer, 'ting and Ring Co. September/October
1/2.3/4mer, Bagar Häng.....
and
.. November/December; buyers prob- Amer. Tel. a Tel.
ably at 1/2.27/32 for cash, 1/2. Amer. Tobacco "B" 13/16 September and probably Amer. Waterworks 1/2.25/32 December.
QUOTATION
$161 $16
Last Sale!
June 26
JUNE 27, 193F STOCKS
Lost Sale
$60
June 26
71
Int. Nickel
151
471
Int. Tel & Tel
81
$3
Johns Manville
721
PAGE 12--HUNGKONG
DAILY PRESS
EXCHANGE
MONEY AND
CLOSING » QUOTATIONS Shanghai Exchange
On London:--
June 27, 1939 Telegraphic Transfer. 1/2 11/18 Bank Bills, on demand!/9 11/16 Credits 4 months" sight 1/9 18/16 On Shanghai:
On demand
216
On demand 52 5/16
On Singapore:-
On Japan:--
On demand
On India:-
SILVER MARKET
LONDON BILVER
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
London, June 26 (Reuter), Silver India and speculators an bought and sold. Business small. SHANGHAI, June 27 (Reuter) Market quietly steady. In the Exchange are at present ruling afternoon, the market was steady. Arm, with business being done in American trade bought and beats Sterling at 8-7/8d, for cash and 6-covered at 1/18 over the fixed rate. 17/32d. for July,
At the moment, there are in- clined to be more sellers than buyers at these rates.
Oficial TT. Rates
London
New York
Japan
ון
with sellers reserved.
Spot, 19-5/8d.
$1325
SHAREBROKENS" ASSOCIATION
TUESDAY 27.
“JUNE.
Banks
FLX Banks
Do. (Col. Beg.)
$30 ET
Di. (Lon. Bag.)
Chartered Banka
BRS Mercantile Bks. *7** £11 Mercantila ́ Bka, “O”* 980
Bank of Bail Asia ...
Ang Mondins
#1530
£89
£30
E251
Forward, 19-7/180.
$17
-100
NEW YORK SILVER
10/6-1/2
12-5/8 48. 5.48 36
New York, June 26 (Reuter). Omcial price, 42-3/4
N. C. & B. Banks ........ Insurances
50 eta.
$930
Cantón Jarursache v
$325
#437) | Union: Lomogeness
$1.60
BOMBAY SILVER Bombay, June 26 (Reuter)... Market-Quietly steady,
$1.35
$185
13nderwriters
H.K. Firest
Shipping
Omake 20 bars.
$37
Dougiatan magam,
SEA
Steamboats
|Indo-Chines
(Prof.)
51-12
130
Indo-Chinse (Det.}...
51-12
83/1
Shell
iii...
$3.10. Watarboa
$6.00
Docks, Wharves;
-Godowns, etc.
9440
35.70
WEDNESDAY, JUNE 28, 1939
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, June 25, 1938.
SINGAPORE RUBBER
June 24 buyers, sellers 29-5/8- 28-7/B 28-3/4
29.
June 20 buyers sellers
28-5/8 28-7/8. 28-5/B-28-7/8
change unch.
of 1/8
23-7/829′′1/8′′ ̄ ̄ ̄ ̄ ̄*28-374~~~~29′′
The market opened 1/8 of a cent higher for "spot" Rubber, but with prices unchanged for forward deliveries as corapared with Batur- day's closing quotations.
Quiet, but steady conditions prevailed throughout the day despite the fact that the Rubber Erchanges in London and New York were closed on Saturday, last.
Fair buying orders for immediate delivery were in evidence, but it was difficult to satisfy this demand due to the tightness of the '"spot" situation. In view of this fact consumers tumed, their atten- tion to buying" for forward deliveries, which later in the session, resulted in a slight price-advance of 1/8 cent for distant options.
There was also a fair trade-demand noticeable for more distant positions, but speculators preferred to await further developments In "Soj | London and New York before entering into fresh commitments to
any larger extent. $4.80
$3.40
...
| $18,80 $110
$40
Closing tone was steady.
Rabber brokers in New York as well as in Singapore believe that. whilst the statistical position undoubtedly warrants higher prices, a sustained price-advance is primarily dependent upon political de- velopments. Therefore, these circles think it advisable to purtase on any recessions with a view to realizing profits, whenever they are apparent.TM
LONDON RUBBER
145
$18.55
37.10
33.70
886
SPOT
OCT,-DEC.
JAN.-MARCH
Previous close To-day's close
sellers buyers sellers, change
8-5/16 8-5/16 8-1/4
buyers
B-1/4
8-3/8
8-7/16 B-3/8 8-1/2
8-1/2 .... 877/16
unch.
Telegraphie Transfer. J81 7/8
and demand
Un New York:-
Paris
Hongkong
Open Market-Selling Rates.
Closing
Sellers
0/6-27/32 0/6-27/32
~0/4-277530/6-27/32-
U.S. Dollars
0/6-33/64 0/8-33/64
$13-3/8 $13-3/8-
13-11/32
12-11/16
13-11/33 12-23/32
Bank Bills, on demand 8 5/8 Credits, 80 days' sight 29 1/8
Sterling Opening
On Batavia:-
Spot
Ün demand... w 33-3/4
June
On Paris:-
Bank Bills, on demand.1080
July
Credits 4 months' sight-1122
On Saigon
Spot
On demand
107 3/4
June
On Manila:-
July
On demand
37 1/3
On Bangkok ---
On 'demand ".
151 174)
Sterling Notes:-
Sterling, 0/0-3/4.
Bank Buying Rate
... $7/8
Bar Silver per oz
19 5/8
Fadian Mint Silver Ready.......... July 12 Settlement Aug. 11 Settlement
51-09
LONDON GOLD
London. June 28 (Reuter), Bar Gold, Fine per os, 148/6. Dollar Parity, 1/2d, premium.
$183
$67
$15
$50
$20
83/11
SPOT
JULY-SEPT.
DAM!
110 HK & E. Wharves
Providenta
Providenta (now}'
$18.90 HK. &W. Dooks...
Do. (200) opposan • $108 Shanghai Dooks B. 18.30 New Enginewings B.
Mining
8110
OCT.-DEC.
$4.65
$4.70
18/0. Kailans
818
$100. $8.80
18/0
India Rupee Paper
18:40
Raube
$4
Bombay, June 26 (Reuter). Govt. 31% Rupee, 95-13-8
89.50 $2.50 X.D. Venezuela Gold Fids 4ota, Hong Kong Mines ... Lands, Hotels and
- Buildings ...
$5.70 H.K. Hotals
H.K. Landa
Do. 4% Debertarun
De
$9.30 Shanghai Lande: B.
3480 HK Besition......
38
Humphreys
$100
Chinese Estates”......
$18,60 Ewa
Cotton Mill
(8.)
+44
$119 Bhai Cotions (8.) $41 Zoung Slings (6.) 481 Wing On Textiles (8.)
Pubile Utilities Tramways. 27.40 Peak Tramp (old) ... 8370 Peak Trame (new) ...
Star Ferria
#92) V'mati Várrion,
6.80
"Do.
Chins Lights (0)
China Lights (New)
d!
| China Lights. Res..
651
J. & Laughlin Steel $7 pid. 421**
93
Kennecott-Copper......
$55
H.K Electrics,
$551
321
118
Macao Harios.......
Libbey-Owens-Ford
Glass 46
$12 Sandaks Lights
Lockheed Aircraft
184
25}
$234 Telephone (Old)
$24
Loew's Inc.
$7.70 Telephones (Dew)
$7.30
331
42
Manhattan Shirt Co.
2010 Tractions approve"
29/
171
11/8 Tractiona (prat.)
Martin, Glen L
30+
324
Industrials
McKesson, Robbins
12
13+
$14
Monsanto Chemical
13
932
401
Montgomery Ward
40%
Cald., Macg. (Ord.) 8. $13 | Cald., Macg. (Frať.) 8.
Cantón Lo
$1
Pat. Dairy Products
181
154
314Camenta
$131
Net, Distillers
160
25T
$3,76 †Ropes : conscientia
Miscellaneous
$3.80
831"
National Gypsum
11
9
[National Load ......
$14 Dairy Farm (Old)
#21.40 822)
21
$21
Dairy Fanu (New)
Nat Power & Light
231
8
$8.90 Ch. Etainmente ...
$8.90.
National Steel Corp.
261
59
$1.5b Constructions
(old)
$1.50
Nat. Supply Corpn.
Th
Constructions DEW
New York Central
$71 Lane Crawforda
871
were
Baltimore & Ohio
42
13
Niagara Hudson Power
Nanyang Tabacco
B-7/16 8-9/18'
Market steady but idle. Rubber stocks held in the United Kingdom showed a decrease of 1.158 tons for the week ending June 24, 1939.
NEW YORK COTTON
Prices were marked down at the opening to-day. This early decline was attributed to foreign selling. Läter, the market ruled somewhat irregularly and prices moved both ways, but finally they took an upward course on good speculative buying and covering by short interests. Eventually, the market closed on the upside with prices very near to the day's best levels.
NEW YORK RUBBER
To-day's market derived some sustenance from fair trade and factory buying. Prices advanced considerably from the day's low levels.
The market presented an irregular appearance. Some selling was influenced by the weakness of the foreign, markets,
CHICAGO WHEAT
sellers at 28 7/8 June/July and 28 Barber Asphalt Co 13/16 August, buyers at 29 for
Cash. 28 15/16 July and probably
28 7/8 August.
Shanghai Dollars'
Sellers at 215 1/2 for cash.
Shanghai Markét
Biggs M'facturing
Opened with sellers at 8.25/32 | Brooklyn-M'hattan Trans.
but subsequently rose to 8.7/8 for B'klyn-M'hattan $8 com pf... 404 -
cash at which rate a fair amount Canadian Padße R'way.....
of business was done. Towards Case, J.I.
lunch time sellers were reported Celanese
at 6.27/32 for spot, buyers at Chesapeake, & Ohio
6.7/8 for Spot. US Dollars open-Chrysler Corpo.
ed with sellers at 13.9/32 for spot Columbia Gas & El.
and the last rate received was Columbia 8% "A" pf. sellers at 13.3/8 for Spot. Steady. Commercial
124
$1.80 Binoeres
$1.00
N. American Aviation ............
Barnsdall Of ......
134
15
88.45
| Watsons.
38.40 $8.50 88.47]
North American Co. .................
Bendix Aviation
22
214
45. Ch. G.5%, 19350 $äds.
***
Northern Pacific
Bethlehem Steel
543
32
Pacific Gas & Elec.
Bilss & Co.
0+
301
Pacife Lighting
Boeing Airplane Co.
21
481
Packard Motors...
Borg-Warner
221
31
181"
Paramount Pictures
191
1319
Pennsylvania R.R
117
181
Phelps-Dodge ......
33
Phillips Petroleum
+
34.
Public Service of N.J.......
75
371
Pullman, Inc.
217
251
Pure Oll
LONDON
321
88
Radio Corpn. of Am,
51
6
Republic Steel
14
831*
Reynold Tobac. "B"
301
[H.K. Góvi. 4% Loans
par EL.K. Govt. 3% Loan
4/0 31
H.K. Wing Da
'hal Wing On
Vibro Piling
| Marutnans Inv. (Los,}
Marsmans Inv. (H.K.) Wm. Powalla maner *Balos to Bhangkal
STOCK
EXCHANGE
(REUTER'S SERVICE)
London, Jane 26.
$104.
New York Stocks
Previous To-day's
close
close
Change
137.36
138:09
off 2.27
$100
KI
****
Richfield CA
.:45
71
Safeway Stores
Commonwealth & 8. (ord.)
13
41
C'wealth & 8. 6% cum pf.
83
Schenley Distiller
12
Afternoon Market
Consolidated Edison
30%.
Schenley, 57%"pid. ........
701
The following quotations are the middle prices at the close of the market in London All quotations are subject to confirms- tion and no responsi1 ity is assumed for errors in transmission.
T
2:
Consolidated on
74.
Bears Roebuck
751
Steady.
Continental Can
37%
Seversky Aircraft
31
Sterling
Continental Oli
212
Shell Unton Oil
11
War Loan, 3% (Rod'
after 1952)
941
June/August,
September/October
November/December,
No business was reported.
market closed with sellers at 1/2. Curtiss Wright (C.) 13/16
buyers at Distillers Corpn. Beagrama 1/2.7/8 for cash, 1/2.27/32 August, Douglas Aircraft 1/213/16 October and probably Du Pont de Nemours
1/2.25/32. December.
The Corn Products
64}
Socony-Vacuum Oll
11 Canton-Klcon Rly." 8% 14.
Union Insurance Grila Kalumpong Rubber 18/11 Allied Tronfounders .......
28-7/8"
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz 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, Sept,
Prev. To-day's High Low Close Close Change
9.52 9.35. 9.48 16.38 16.26 16.29
00687 471467
57 ......· 58
.11.25 11.03
473 581
9.51 05 up
18.38.09 up
69 697
471
off
573 1of
11.32 11.07 .25
NEW YORK COTTON
17/9
Close
Opening
Closing
Change
.5
Southern Paciac
12
Chinese, 41% Gold Loan
1/2.25/32 Curtiss Wright "A" and 1/2.3/4 | Deere & Com
251
Bouthern Rly $5 ptd. ..
201
1899 (Brit. Issue)......
19
Sperry
41)
Chinese 5% Gold Bonds,
46
171
Standard Brands
61
661
Stand Gas & Elec.
Chin, 41% Anglo-French
149)
Standard Oll of California.
23
Eagle Picher Lead
BJ
Standard OU of NJ.
421
Loen, 1908 ***ARLÄGIV Chinese 5% Crisp Loan,
1912
Eaton Mig. Co.
221
Stone & Webster
10
U.S. Dollars
Elec. Autolite
304
Swift International
Chinese 8% Rearg, LORD.
1913 (Lan. I
The market closed with sellers Elec. Bond & Share at 28 15/16 Cash, 28-7/8 July and Elec. Bond & Share $5 pl. 28 13/16 August, buyers at 28 for Elec. Bond & Share 30 p. cash, 28 18/18 July and probably Elec. Power & Light $7 pf.. 28 7/8 August.
71
Technicolor skinme
151
56
Texas Corpo. Ad
37
Chinese 5% Bter. Notes,
1925 (Vickers)
131
831
Texes Gulf Sulphur
28
Chin. Imperial Fly. 5%
25
Trans-America Oo,
52
Loa
Fintkateerenziedoj
19
20th Cent.-Por
182
Homan Rly. 6%
13
Food Machinery Corp.
.30
20th Cent. For $14 pf. .
Shanghai Dollars
Gen. American Trans.,
48
Gen: Electric
331
Gen. Motors ...
431
Gen, Railway Signal...
18*
General Tire & Rubber Co
21
Glidden Co.
101
Goodrich (BF:)
161
Goodrich $5 pår stanie
*871
Goodyear Tire & Co.
#28)+
141
201
251
174
Hecker Producti
113
Homestake Mining
04
Industrial Rayon International Harvester
561-
Sellers at 215 for apot.
Shanghal Market. Unchanged. Quiet.
London Exchange
London, June 21 (BWS).
Closing mean rates. were
Paris, 176-23/92. New York, 4.68-1/8. Montreal, 4.89-5/18,
Brussels, 27.524..
Genera, 20.77,"
Amsterdam, 8.81-7/B.), Milan, 89.
Berlin, 11.67.
Buenos Aires, 20.21. Other rates were unchanged.
New York Exchange
New York June 26 (Reuter): T. on London (Opening Rate) 468-1/8
Great Northern Iron Ore
Great Northern Riy, pid,
Great Western Sugar
Greyhound Corpn.
DOW JONES AVERAGE
High Low Dow Jones. Arora 154.85 121,44 30. Industrials
3422 1414 0 Bail 98.5130/17510- ut
01.11 87.08 10 Bond 61.00-15.59 4100
137,38
June 27, 1929
HK & Shai Bank (Col
Jone 2, High-Low
Changed
27.76
18877 13433 135.
27.68 $17.36 37.2 24052287 2038 24.45
2.37 0
49 off 80 off
Chinese Eng & Mining.
(bearer)
Bar
Chosen Corpora
Shel
Pekin Syndicat
Bhai
Burines Dons:-500,000 sharos
Union Carbide & Carbon ..
761
Union Pacific walk
951
United Aircraft"
361
United Airlines Trans.
11-
United Corpn.
21
United Corpn. $ cum. pt. 35
United Gas Corpn.
1
United Gas Improveme
12
U.S. Rubber
401
UB. Rubber 38 pid.
107
U.B. Steel
457
Vanadium
191
Warner Bros. Pict.
Westinghouse Hec.
951
Jap., 5% Bler. Loan 1907 331
Woodward Iron Cor.
16
Jap. 6% Ster. Losa, 1924 401
Chase Namonal-Hani
33
Ger. 1% IntL Loan, 1924 351
National City Bank
25
Chartered Bank...........
7
སྣསྒ་བློ་བ བཀྐསྐ ཙ ཙ ཐ སྐྱ ས ཨཱཤྩ e
Asso. & Elec. Industries 39. Builtin Motors," ord. 30
Jhty
9146/46
9.37/37
9.51/51
06 up
Cable & Wireless, New
Form, ord.
493
B.-A., Tob. (bearer)
9673
7/11
7/9.
*22***
Woolworths
-Anglo-Dutch.
Rub Plant. Invest. Tru
Hukuang Rly. 5% 1911. 18 Hukuang Rly, 6% 1911"
(Cerman Issue)
Lung Taing & U. Hat Hy.
S'hai-N'king Rly. 6%..... Tientsin-Pukow Rly. 5%
(Brit. Btpd.). Tientsin-Pukow Bly. 5%
12
(German Stpd.) .................... 12 Tientsin-Pakow Bly. 5%
' (Her Bond. Buol Loan) 1
Tientsin-Pukow Bly 5%,
(Ger. 8tpd. Bup), Loan) 12
Gammell Laird, óra. Mexican Eagle Courtaulds ................................ - 25/4k Distalero, 81/44 Dunlop Rubber facaden 21711 Can Electric (England) 75/41 GỬI XEM. (A) Boa 30. Gọi toàn Hawker Siddeley Airc........ (17/7X Bristol Aeroplano de 1979/ Imperial Chemical Ind. 09/10 Imperial Tobacco 128/14; Marks &'cer “A” ord. BB/101
104/T Rolls Royce LET Leyland Motors
Tate & Lyle ....................... 02/11/ Turner & Newall mount United Steel
The first notice day for July Cotton Is June 27 and the last notice day July 14.
July
NEW YORK RUBBER
16.38b 16.45/45 16.46/47
The first notice day Yor, July Rubber is Jane 29 and notice day July 27, 20
October Desember Janitary
8.77/78
8.65/07
8.75/75
8.55/55
!! 8.44/46
3.56/56
BAS N
8.34/34
3.45/45
March
8.35/38
MAY
abot
8.28/29 0.01
- 8.25/26 1080
8.20/20
-8,37/37/
8.20/30
*9.91 N
01 up unch
September
December
March
18.28/28 16.29/29 18.36b/39a 16.33/38
18.35/38 18:45b/46a
16.39b/42a
-16.47/47
18.59/55
105
er dir.
HK & B'bal Bank (Ldn.
Reg): Da
Total sales for the
day-2,250 tons
CHICAGO WHEAT
23/4 Smethwick Drop Forg......... 15 Armstrong Stevens, ord. 570 Fressed Steel, com. Vickers, ord.
697/691
694/69
September December
704/701
·703/704
709/70)
714/711
17/44
Saturday's sales:
12,389,000 bushels
18/8
CHICAGO CORN
51/71
24/0
471/474
477471
| 2776 -
Burma Corporation
8/13
September December
49/401
49/481
48/491
401/498
497/50
Commonwealth Mini
WINNIPEG WHEAT
Marsman Investments.
13/9
July
684/581
58/58
-678/674
Randfontein Estates.... 37/11. Western Holdings Bat-Ni:
October
5917591
594/50:
69/59%
11/9
Decembe
61/611
60/601
210
NEW YORK HIDES
71/101 70
September
1182/32
$1104/07
Decen ANYA
NYLond
11.69b/628
11:50 576 1132/
madoteda
1785
468-3/18
Beptember
W YORK, STRAITS, TIN
48.501/9544
4891565/05#KLIB.300/D