Telegraphic Transfer.
and demand
On New York:-.
Bank Bills, on demand 28 11/16 New York Exchange Credits, 60 days' sight 19'3/18
On Batavia-
On demand
..... 63 7/9
New York, July 6 (Reuter). T.T. on London (Opening Rate). 4.88-1/8.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Bayer Bellers
Bales
المعسولا
SHAREHROKERS" ASSOCIATION
FRIDAY 7. JULY.
Mayvin Ballers Sales Win
Banks
FAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS | London Exchange
JULY 7, 1989
On London: Z
Telegraphic. Transfer. 1/4 23/32 Bank Bills, on demand 1/2 9/39 Credits 4 months" sight 1,931/12--
On Shanghai:-
On demand
London, July 7 (BWS).
蚀
Closing mean rates were:-
Paris, 176-23/32
New York, 4. est
Montreal, 4.69-5/16.
Brussels, 27.544. Geneva, 20.781
Amsterdam, 8.82.
Milan, 89.
Riodejaneiro, 2-21/32
Montevideo, 181.
Bombay, 1/507.
SILVER MARKET
LONDON SILVER
London, July 8 (Reuter). Silver-Speculative selling was met with small support, India and speculators bought on the fall: the Market quietly steady.
afternoon, the market was very quiet.".
Spot, 17-7/16d.
Forward, 17d.
NEW YORK SILVER
New York, July 6 (Reuter)..
Official price, 36-1/2.
BOMBAY SILVER
218
On Singapore :----
"On demand
-52' 1/4.
Berlin, 11.661.
On Japan:-
On demand.
108
Bombay, July 6 (Reuter).
On India:-
Indian Mint Silver
Jaz
Other rates were unchanged.
Market Uncertain.
Shipping
-82 1/8
Offtake 135 bars.
367
Donginam
Ready...
47-06
315
July 12 Settlement Aug. 11 Settlement
47-06
$60
Indo-Chinas (Prof.)
$30
47-05
83/6
· #1398
B.K. Baoka
$1390
Do. Col. Big.)
£791 ET
Đà Lạt Bàn
Chartered Banka
2904 £79$
236 Mercantile Eks, “" 219 Mercantile Bhs. "C" *90
Bank of East Asia ....... (N. C. & S. Banka
Insurances
$830 Canton Insurances $495 Union Insurances $1,35 Underwriters
$185 HE. Fires
£11
$80
160 cts
8990
1
.8496
SATURDAY, JULY 8, 1939.
PAYNE & CO.
COMMODITY BROKERS. STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
$185
New York, July 8, 1939.
967
Steamboats
815
830
$106
**
$44
34.00
Week-ended
July 6 $495,000,000
141
*#*
Indo-China (Dat.)...
Bheils
$8.10 | Waterboats
Docks, harves,
Godowns, etc.
H.K. &
Providents
Wharvon { $107)
Providants (saw)
$18.20 N.K. · & W., Dooks....... Da (new)
#108 Shanghai Docks S.
$830 New Engineering) 8.
$30
A!
89/8
SPOT
23
OCT.-DEC.
H4+
20
!
$108
JAN, MARCH
0172
8108
8.30
Mining
18/0 Kailans
18/0
$8.40 Rauba.......
#81
64
Vanernela Gold Fidë { $34
4 cta Hong Kong Min
|Lands, Botels and
Buildinga
301
H.K. Hotela
$6.70
$35 par
$351
H.K. Lands...........
#352
¿Do. 4% Debentures to
o
38 Shanghai Lands
34806.K. Healties ..........
84.80
www
161 Humphreys ....................... $100 Chinese Estates
Cotton Mills
818 Bwo (8.)
#119 8'hal Cotions (8.)
342 Zoong Singa (8,)
$481 Wing On Textiles (8.)
$7 40 Peak Trame (old) ... $3.70 Peak Trams (new)
$9.40
Previous close
$18.80
8110
SPOT
SINGAPORE RUBBER
July 5
July 8 buyers sellers buyers sellers
28-1/4 28-1/4 28-1/2 28-3/8 28-3/8
The market opened 1/8 of a cent higher for all deliveries as com- pared with Wednesday's closing quatations.
Steady conditions prevailed during the morning session due to fair enquiries for immediate and forward deliveries by consumers and dealers, whilst speculators were also displaying some buying in- terest in futures.
It would appear that activity was stimulated by a decidedly bet- ter tone on the Stock-markets in London and New York, as well as by reports of Improving business-prospects, particularly in USA, coupled with expectations of further relaxation of the political ten- sion.
•
During the afternoon, however, the market, turned quiet and in- active, closing with a dull undertone.
LONDON RUBBER
To-day's 'close buyers sellers buyers sellers 8-3/16 8-1/4"
change
8-3/18 8-1/4 anch.
28-1/8 28-3/8 28-1/4 28-1/2 38-6/16 28-9/18
change up 1/8 unch.
of 1/16
$40
OCT.-DEC.
$45,"
JAN.-MARCH
8-5/16 8-3/8 8-3/8
8-5/18 8-3/8 8-3/8 8-1/2
8-7/16
Pablle Utilities Tramways
Market idle..
$16
$10.56)
404
37 40 13.70
Op Parts:
Bank Bills, on demand 1083
Credits 4 months' sight 1116
Un Saigon penn
Caloutta Exchange
On demand
108
Un Manila:-
On demand
37 0/0
On Bangkok —
Calcutta, July 6 (Reuter). T.T, on Japan, 78-5/8
On demand
-161 1/8
Sterling Notes:-
Bank Buying Rate ... 1/939/32 İndia Rupee Paper
Bar Silver per oz.
Market Report
17 7/18
FROM ROZA BROS Silver prices were unchanged yesterday, the quotations remain- ing at 18 for Ready and 17.1/2 for Forward, Silver advices reported India and Speculators as having bought. Speculators sold but there was very poor support. The mar ket was steady but quiet.. Ameri- can Suver was quoted at 39 3/4 for Spot.
The London/New York cross-rate was quoted at 463.12. New York/ London was quoted at 488.1/8.
Bombay, July 8 (Router). Govt. 34% Rupee, 95-08-0.
LONDON GOLD
London, July 8 (Reuter). Bar Gold, Fine per oz, 148/8)- Dollar Parity, 1/2d. premium.
BROKERS' LOANS
New York, July 6 (Reuter). Loan on securities to brokers in New York:-
Week-ended June 29 $496,000,000
NEW YORK STOCK EXCHANGE
QUOTATION
JULY 7, 1939
$18
$161
STO
Last Sale
July 6
STOCKS
Last Sale
- July 6
Adams Express
7
Sent Star Ferries............
Int. Nickel ....
46
Alleghany Steel Co.
16
$22+
Y'mati Farrios
Int. Tel. & Tel.
Do. (new)
Allied Stores
31
Johna Manville
Market..
Allis Chalmers
33
701
$9
China Lights (0)
$8.20
$8.90
J. & Laughlin Steel $7 píd. 39
$5.80 China Lights (New)
45.20
Quiet.
Amerada" Corps.
63
China Lights Rs.
43.
Kennecott Copper
321
Amer. Can
951
$54
154)
H.K. Electric
8542
3544
ضدالت
The
afternoon.
Sterling
13/16 July.
1/2.25/32
3 08. Dollars
28 15/18 Cash, 28 7/8 August and
A small
Sterling
Amer. & Foreign Power
business was done at Ameri & Foreign. $7 p.... 1/213/18 10г August delivery. American Gas & Elec, The market closed at 1 pm. with Amer. Locomotive sellers at 1/2.13/16 July, 1/2.25/32 Amer. Metals Co. August/September and 1/2.3/4 Amer. Radiator October/November, buyers at 1/2. Amer. Rolling Mil 27/32 Cash, 1/2.13/16 August and 1/2.25/32 November..
U.S. Dollars Nothing doing. There were sell. ers at 28 7/8 July, 28 13/16 August and 28 3/4 September, buyers at 1/16 higher respectively"
Shanghai Dollars
Sellers at 225 for Spot.
Shanghay Market
Sellers of Sterling at 6.9/16 for Apot and 6.15/32 July. US. Dollars
12.25/32 for Spot and 12.19/32
July. Quiet but steady.
Afternoon Market
Amer. Sting and Ring Co. Amer. Bugar Ring Amer. Tel. & Tel Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
market was quiet in the Blyn-M'hattan $8 cum pf.
No business was reported.
Canadian Pacific R'way.
Celanese
The Chesapeake & Ohio
market closed with sellers at 1/2 Chrysler Corpn.
September and 1/2.3/4 October/ Columbia 8% "A" pf. November, buyers at 1/2.27/32 Commercial Cash, 1/2.13/16 September and Commonwealth & 8. (ord.) 1/2.25/32 November.
The market closed with sellers Continental Can
at 28 7/8 July, 28 13716 August Continental Oil....... and 28 3/4 September, buyers at
probably 28 13/16 September.
Shanghai Dollars
Sellers at 225 for Spot.
Libbey-Owens-Ford
Glass
444
$18
21
Macao Electrios.....
Lockheed Aircraft
163
Loew's Inc.
414
342
| Manhattan Shirt Co.
161
Martin, Glen L
291
12
McKesson, Robbins Monsanto Chemical
131
40
Montgomery Ward
at. Dairy Products
17
Nat. "Distillera
161
National Gypsum
832
21
Nat. Power & Light
24
National Load ....
National Steel Corp.
Atchison, T. & S. Fe. Auburn Motors .... Baltimore & Ohlo Barber Asphalt C Barnsdall Ol Bendix Aviation Bethlehem Steel ..... Bikes & Co.
23
17
4
Nat: Supply Corpn. New York Central Niagara Hudson Power
117
N. American Aviation
131"
North American Co.
23
Northern Pacific.....
53
8*
Boeing Airplane Co
Pacific Gas & Elec. Pacifc Lighting
21
Packard Motors
3
Borg-Warner
224
Paramount Pictures
Biggs M'facturing
191
Pennsylvania R.R
Brooklyn-M'hattan Trans." 119.
391
Phelps-Dodge
Phillips Petroleum
$
Public Bervice of N.J.
Case, JI
Pullman Inc.
22
Pure Ol...
7
321
Radio Corpo”of Am. I.... ..
691 -
Republic Steel
August/Columbia Gas & EL
51
Reynold Tobac. “B”
83+*
Richfield Of
'44
Safeway Stores
11
C'wealth & 8. 6% com pt. Consolidated Edison Consolidated On
$2
Schenley Distillers "............................
301
Schenley, 5%'pfd: ".......
811851པྤཝནྟུ|ཡཙཎསྶ ཨྰཿཀྰ།
$1%
331
Sandakan Lights
$99, Telephone (old)
#7.79 Telephones (new)
18 @ Traction
29/6 Tractions (pret:)
124 $7.30
28/.
Industrials
$14
Catd., Macg, (Ord.) 8.
$13
Cxid., Macg. (Fref} 8.
$1 Canton Ion
31
$19.60
Cement
$12)
$19*
$3.70 Ropes
$3.80
NEW YORK COTTON
An initial buoyancy was displayed by to-day's market, and prices were higher. A steady tone was in evidence, with new specu lative buying and "bear covering in progress, but the conditions were generally narrow. The volume, was also small. Later, prices receded slightly, with some early gains partially pared off
NEW YORK RUBBER
There was an early advance in to-day's market. Selling was off- set by broadening factory demands." Buying was generally increased and the tone of the market was improving.
CHICAGO WHEAT
generally
Prices moved slightly lower on some liquidation and profit-tak- Ing, influenced by easier Winnipeg advices Trading was slow and fluctuations were confined to a very barow range,
201
$21
Dairy Farin (New)"
55#
131.
#74 Lane Crawforda
***
Miscellaneous
$31 Dairy Farm (Old)....
38.90 Ch. E'tainments.
$1.55 Constructions (old)
Constructions (Law)
Nanyang Tobacco .***
8311
$8.00
New York Stocks
Previous To-day's
close 133.67
close Change 193,68
of 09
$71
Si
$1.88
38.10
$8.20
Watsons
$8.10
·77
Ch. G.5% 19250 #Bdı. H.E. Gort. 4% Loans
44%
N. Y. Commodity Market
$104
301
4Xpm
par
B.K. Govt. 34%,
$100
$41
H.E. Wing OR
$41
S'hai Wing Op
8
143
4/0
Vibro Piling
$81
Marumans Inv. (LOG.)
Maremans lav. (HK)
334
31
334
*Bales
141
381
121
Seara Roebuck
72
75
*37}
Seversky Aircraft
3
Shell Union Oil
221
10%
Wm, Powalia
to Shanghai
LONDON 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 confirma- tion and no responsibility is assumed for errors in transmission.
War Loan, 34% (Red
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn," Sept, Winnipeg. Wheat, Oct.... New York Hides, Sept.
(By Courtesy of Messrs, Swan, Culbertson & Fritz "and. 8. E. LOTT & Company)
Prev. To-day's
High Low
Close Close Change
8:31 8.70
8.77 8.78 .01 up
18.40 16.35
701 491 487
691
18.35a 18.38 13 sup
70.70
unch.
467
491
+ up
601
591
109
50%
off
11.10 11.05
11.08 14.10" 20 up
London, July 6.
NEW YORK COTTON
Close Opening
Closing
Change
E
July
9.43/43
9.45/45
9.45/46
.03 up.
Com Products .......
60%
Bocony-Vacuum Oil
111
Curtiss Wright (C)
Southern Pacific
124
51
Curtiss Wright "A"
25
Southern Rly, 35 ptd.
201
Deere & Co.
19
Sperry
414
Distillers Corpn. Seagrams
17
Standard Brands
Douglas Aircraft
66
Stand Gas & Elec...) ma
siter 1952) ....... 93 Canton-Eloon Bly. 6% 14 Chinese 41% Gold Loan
1808 (Brit. Issue)...... 47 Chinese 5% Gold Bonds,
1925-47.
Union Insurance Gula Kalpmpong Rubber 16/10 Allied Ironfounders 17/30 Asso, & Elec. Industries 39/3 Austin Motors, ord. 29/1ł Cable & Wireless, New
Form, ord.
CAR
28-7/8*
October
8.77/17
8.20/80
8.78/78
:01. up
December
859/59
8.61/61
£.59/59
unch.
January
8.48 N
8.51/51
8.48 N
unch.
March
8.39/39-
8.41/41
1.38/38
01 of
May
8.33/33
8.34/34
8.30/31
.02. off
Spot
9.82 N
1.83 N
01. up
497
24
The last notice day for July cotton is 14th.
Shanghai Market
Du Pont de Nemours ...............
*149)
Standard Oll of California
Chin. % Angio-French.
B.-A Tob. (bearer)
94/41
261
Loan, 1908
Cammell Laird, ord.
Unchanged. Quiet.
Eagle Picher Lead
..81
Standard Oll of N.J. ....
42
Chinese 5% Crisp Loan,
Merican Eagle
Eaton Mfg. Co.
22
Stone & Webster
101
1913
221
Courtauldr
28/11
July
Elec, Autolite"
302
Swift International'
247
Chinese 5% Reorg, Loan,
Distillers
94/8
September
Shanghai Exchange
Elec. Bond & Share
7+
Technicolor.....
15
1913 (Ldn. In).
231
Dunlop Rubber
26
December
Shanghai, July 6 (Reuter).
Elee. Bond & Share $5 pf,
Texas Corpn.
361
Chinese 5% Ster. Notes,
Gon. Electric (England)
74
March
Elec. Bond & Share $8 pt.
65.
Tezes Gulf Sulphur
271
1925 (Vickers)
12
Guinness (A) Son & Co. 105/6
Official T.T. Bates
Elec. Power & Light 37 pf.
244
Trans-America Co.
51
Chin. Imperial "Ely. 5%
London
00-1/2
|Flintkote .......
181
20th Cent. Fox. ...
187
Loan
471
Hawker Siddeley Air.... 17/3 Bristol Aeroplane:
20
....... 18.43b/44a 18.48/48 Total sales for the day:-1,550 tons.
The last notice day for July rubber 18 27th.
NEW YORK RUBBER
18.33/33
16.33b/35a 16.35/35
16.35b/36a 16.38/38
.03 up
03, up
16.30b/41 18.43/44
16.43/44
(3 up
18.48/48
.04 up
New York
12-5/8
Food Machinery Corp.
281
20th Gent. Fox. $14 p£.\....
Honan Rly. 5%
12
Japan
48
Gen. American Trans.
484
Union Carbide & Carbon ...
75
Hukuang Rly, 6%, 1911
18
Paris
548
Gen Electric
341
Union Pacific ....
95
Hongkong
36
Gen. Motors
43
United Aircraft. -p......
251
Hukuang Rly. 5%, 1911...
(Cherman Issue)
14
Imperial Chemical Ind. 28/10 Imperial Tobacco
*127/6 Marks & Sp‘cer "A" ord, 57/104 Rolls-Royce
India
36
Gen, Railway Signal
16
United Airlines Trans.
11
Open Market-Selling Rates
General Tire & Rubber Co 211
United Corpn.
27
Lung Tsing & U. Hat Rly.
5%
Glidden Co. ..........
161
United Corpn. $3 eum. pr. 381
Sterling
Opening.
Spot July
Goodrich (B,F.)
161
United Gas Corpn.
2#
Closing
Goodrich $5 pl:
651
United Gas- Improvement
13
Goodyear Tire & Co.
.261
VB. Rubber
Great Northern Iron Ore
137
Great Northern Rly, pfd.
201
U.S. Steel
Great Western Bugar
Vanadium
Greyhound Corpn.
173.
Hecker Products
12.
631
231
54)
0/8-1/2-
Bellers
0/6-9/16. 0/6-9/16 4/6-15/32 0/6-15/32
U.S. Dollars Spot...... $12-25/32 $12-25/32 July
12-19/32 12-19/32 Market:-Qulet but steady.
Sterling
Merchant Rates
UB, Dollars........... #12-11/18
Silver Duty Rats
The Central Bank of China's rate on London at 10 am. to-day was 1/2-1/24, unchanged from yesterday.
Homestake Mining
Industrial Rayon
International Harvester
1939
•bld.
- diy DOW JONES AVERAGE
High Low Dow Jones Avocages, 18485 12144 20: Industriale
July 7, 1908):
Change July by High To Claso 13388 134.31 18209 1335810 en 8.678.88 26.58 26.7003 up 33.70 23.8623.00 10 up
92.2187.00:40 Bónda
Xomelity Index 40.59
The Equalisation rate was not on quoted.
Jap. 6% Ster. Loan, 1824 401 Ger. 7% Intl. Loan, 1924 331- Chartered Bank ........... B.K&S'hal Bank (Ldn.
HK & Spal Bank (Col
Chinese Eng." & Mining
bearer) Chosen Corpora
Pakin Syndicate
1 88.83-19 up | Shai Mac: Courte. Co, 3 88.64
0,69
shar Business Done: 410,000 shareM
Sub Nigel
401
US. Rubber $3 pfd.
105
454
20
Warner Bros. Pict.
44
S'hal-N'king Rly. 5%
Tientsin-Pakow Rly 5%
(Brit. Stpd.)
Tientsin-Pukow Rly. 5% (German" Stpd.) Sam. Tientsin-Pukow Rly, 5%
(Brit. Stpd. Supl.Loan Tientsin-Puko Rly. 5%
Westinghonse Elec.
968
(Ger. Stpd Supl. Loan), 12
Woodward Iron Cor.
151
Jap. 5% Bier, Lóan, 1997 32+
Chase Naßonal Bank National City Bank
བསྡུབ ས ཐ ཚེ
Leyland Motora: milio Tate & Lyle
103/9 85/90 81/104.
July
September December
CHICAGO WHEAT
687/68)
687/68
70/70
70/701
70/697
*71#/711
711/713
Turner & Newall United Steel
78/3
Wednesday's Sales:-15,033,000 bushela.
23/11
Smethwick Drop Forg.... 14/9
CHICAGO CORN.
Armstrong Stevens, ord, 5/9
Pressed Steel, com.
17/44
Vickers, Ford,
18/0
Woolworthed
63/3
July September December
468/467
481/48
49/492
-474/4718
401/491
up
491/50
*497/50
491/50
unch.
Anglo-Dutch
22/9
WINNIPEG WHEAT
Rub. Plant. Invest. Trust 26/0
Burma Corporation for Commonwealth Mining Marsman Investmerits.. Randfontein Estates
77
-
Western Holdings
14/3 38/10 11/8- 207/8
July October December
691/591
581/687
601/601 621/621
601/601
594/593
82/621
818/011
NEW YORK
Tanami Gold Mining...
11.06b/12a 11.050/10a.//.
Septe
Anglo-Iranian
71/3
1135
71/3
11.85/40a1137p/408
Ongtioted
28.
shell
*(bearer))
$218
foss Rate, 468-176/10/
NEW YORK BIBAITS TIN
48.135/592 48155/65
48,15b/552-