Amer. Locomotive
Amer. Metals Co.
Amer. Radiator ....... Amer. Rolling Mil
Bethlehem Steel
Bigga M'facturing
B'klyn-M'hattan $8 cum pi.
Canadian Pacific R'way.
Case. JI -
Celanese
Chesapeake & Ohio
Chrysler Corpn.
London
New York
Japan
Paris
Hongkong
India
9/6-1/2
Columbla Gas & EL
Market Report
STOCKS
YORK STOCK EXCHANGE
FROM ROZA BROS. Silver prices rose yesterday to the extent of 5/16 for Ready and i 3/16 for Forward, the quotations being 16.372 and 15.13/16 respec- tively. Silver advices reported Speculators as having operated Adams Express 9 both ways. India bought. The Alleghany Steel Co. market was steady. The market Allled Stores closed with buyers at 1/16 over the Allis Chalmers.... quoted rate. American Süver was Amerada Corps............. "quoted at 39.3/4 for Spot.
The London/New York cross-rate was quoted at 408.12. New York/- London was quoted at 488.3/18.
Market
Quiet
Sterling
There were sellers at 1/2.13/16 July, 1/2.25/32 August September and .1/2.3/4 October/November. buyers at 1/2.27/32 Cash, 1/2- 13/16 August and 1/2.25/32 Octo- ber"
D.S. Dollars Nothing doing. There were sellers at 28.7/8 July, 28.13/16 August and 28.3/4 September, buy- ers at 28.15/16 Cash. 28,7/8 August and 28.13/16 first half October,
Shanghai Dollars,
Amer. Can w
QUOTATION
Last Bale
Amer. & Foreign Power Amert & Foreign $7 pf.... American Gas & Elec.
Amer. Sting and Ring Co. Amer. Bugar Ring Amer. Tel. & Tel- Amer. Tobacco "B"
Amer. Waterworks ..... Anaconda Copper..... Atchison, T; & 6. Fe, Auburn Motors ... Baltimore & Ohio Barber Asphalt Co Barnsdall Of Bendix Aviation
Businese was done early in the Bliss & Co..... morning at 225.3/4. There were Boeing Airplane Co...
sellers at 225,5/8 for Spot.
Shanghai Market.
Borg-Warner
Sellers for Spot at 6.9/18 and U.S. Brooklyn-M'hattan Trans.
Dollars at 12.25/32 for Spot,
Shanghai Exchange
Shanghai, July 12 (Reuter).
Offcial T.T. Kates
PAGE 12—HONGKONG DAILY PRESS
Finance and
MONEY AND
EXCHANGE
Commerce
SILVER MARKET
LONDON SILVER
CLOSING QUOTATIONS steady. In
JULY 12, 1839
On Londen: 1
Telegraphie Transfer, 1/1 23/32 Bant Bills, on demand/9 11/32 Credits 4 months' sight 1/8 31/32
On Shanghai:-
On demand
On Singapore plu
5. On' démand
On Japan:-
On demand
---: BIRUT UO
910
68 1/4
Telegraphic Transfer. Leg 1/h
and demand
On New York
1
Bank Billa, on demand 29 11/18 ) Credits, -80 days! sight 29 3/18
Un Batavia:--
Un demand.............. 63 7/ On Parts:-
Bant Bills, on demand 1983 ***Ofedita 4 months' sight 1125
An Saigon —
On demand
London, July 11 (Reuter). Silver-India bought. Specula- tors bought and sold Market the afternoon, the market was fully steady, with In- dia a small but unsatisfied spot. buyer at 1/16 over the rate. For- ward" was neglected,
Spot, 16-3/8d. ·.. Forward, 15-13/16d.
NEW YORK SILVER New York, July 11 (Reuter), Official Price, H-3/4.
LONDON METALS
EXCHANGE
London, July 11 (Reuter).
COPPER
buyers
3
sellers
Standard, Cash, 43-15/16 43 Standard, "
-43-5/16 3 months 43-1/4
49-1/4 49-3/4 Electrolytic
$418
TIN
Standard. Cash 229-3/4 Standard.
"J
230..
BOMBAY SILVER "Bombay, July 11 (Reuter).
3 months 224-1/4
LEAD
224-1/2
Foreign.
Oftake 250.
Official Price 14-3/4 Foreign, Official
14-13/18
Ladin Mint. Sifrer
3 months 14-7/8
SPELTES
14-15/18
Market Uncertain.
Ready
**** 45-08 Aug. 11"Settlement ***.44-12 Sept. 9 Settlement
44-07
Calcutta Exchange
Calcutta, July 11 (Reuter). TT, on Japan, 78-5/8
India Rupee Paper
Bombay, July 11 (Reuter). Govt. 31% Rupee. 95-7-6.
........ 108
Un Manila:-
On demand
37 0/5
On Bangkok -
On demand
161 1/8
Sterling Notes:-
Bank Buying Rate
1/297/32
Bar Silver per oz.
18 3/8
NEW
Ordinary,
Official Price 34-1/18 14-1/8 Ordinary, Official
14-5/16
3 months 14-1/3
Final Afternoon Transsetians Tin. Standard, Cash, £229-3/4 buyers.
Tin, Standard, 3 months, 224- 11/4 paid and value.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Duyuru | Bebera Balan Nominal
G STARFSBOKEKE" ASSOCIATION
WED., 12.
JULY.
Banks
Auren | Hallgre Baina Womina
$67
$15
Douglas pequeno
bob
860
Indo-Chinma
(Pre)
!!!
***
܃ ؛ ܪ܃
848
JULY 12, 1939
$16.55
Indo-Chines (Def.).......
85/8 Shell
$8.10 Waterboats.....
Docks, Wharves,
Godowns, ate. H.K.K. Wharves
$108
$4.50 Providenta
par
Providiots (now)"
*
ས*
#17 H.K. & W. Dooks... $28.90
Do. (DEN) norma
$108 Shanghai Dooks 8.
$8,30 New Engineerings. 8.
17/9 Kailman
$8.40 Raube
Mining
Venezuela Gold Wide || 14
ata. Hong Kong Minos...
# $35
دريد
#8
Lands, Hotels and
Buildings
E.K. Hotels
H.K. Landa
#35
Do. 4% Debentures 29
Shanghai Lands
$4.60 H.K. Boultion
Humphreys
$100 Chinese Estates,
Cotton Mills
$194 Kw (8.) ..... $105 8hat Cottons (BL)
£
842 Zoung Bings (8.)
Wing On Textiles (8.) Public Utilities
Tramways
87.40 Peak Trams (old)...
$1335
#1540
H.K. Bish
#1335
Do. (Col. Beg)
Do. (Loo, Beg
4801
519
271
Chartered Banks
£25 Marcantile Bka. "A 219 Mercantile Bk. “ |Bank of Buet Asia N. C. & S. Banks
Ensurances
Canton 'InsurKROSS Daion LaserEMONS $1.35 |Underwribyen -
$183 H. Fees
Shipping
£951
£19
160
150 ats
$990
$-496
$185
$67
310
144
350
880
-82/0
⠀ ⠀11
$8
ЕРОТ
OCT.-DEC.
$108
'JAN-MARCH
July 11
buyers sellers
buyers sellers
change
23-1/8 28-3/8 28
28-1/4
of 1/8
23-174 28-1/2" 28-1/8
28-9/8
off 1/3**
28-6/18 28-9/18 28-1/4 28-1/2 of 1/18
$4.60
!!!
#17
The market opened with prices unchanged for all deliveries ar compared with, Monday'a closing quotations.
€8.30
17/9
Throughout the day the market was duli and idle with 盘
Dealers moderate demand for “actuals" being in evidence,
and speculators were disinclined to operate either way to any larger ex- tent, preferring to await further developments in London and New York. The volume of business transacted was negligible.
THURSDAY, JULY 13,1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.) -
New York, July 11, 1938.
SINGAPORE RUBBER
July 10
$6.70
$100
$4.80
$8.40
***
$18.80
#110
$40
$45
B POT
$16.85
OGT-DEC.
17.40
JAN.-MAR.
It would appear that the market is in need of some incentives to move prices Into higher ground, of which, however, indications such as definite signs of further business expansion as evidenced by steady Improvement of the statistical position, are not wanting.
and It was announced that preliminary shipments of Native Estate Rubber from the Dutch East Indies during Juns amounted to 28,457 tons as against 24,867 tons during May, whist Exporters' stocks of Native Rubber in Netherlands India at the end of June totalled 11,845 tong as against 11,324 tons at end of May..
LONDON RUBBER
buyers sellers change
41
Previous close
To-day's close
buyers sellers
8-3/16 8-1/4 8-3/16 8-5/16
8-1/4. 8-3/8 * 8-1/2
unch.
July 11
STOCKS..
Last Sale
33.70 Peak Trams (new)
13.70
71
July 11
3651 Star Ferries
Market quiet.
144
$65
158
Lut. Nickel
463
$22 Y'mati. Farrin
#224
81
int. Tel. & Tel.
Do. (new)
61
331
Johns Manville.
$8
Chins Light (0)
$8.15.
$3.20
684
T. & Laughlin Steel $7 pfd.
36*
942
Kennecctt Copper
33+
054/5
24'
Libbey-Owens-Ford
Class
444
171
Lockheed Aircraft
25+
$18 $12
351
Loew's Inc.
412
$28
17
Manhattan Shirt Co.
#6.80 China Ligbia (New)
H,K. Electrics
Bandakan Lighta
Telephones (old)
$7.60 TelephooOS (DOW).
18.6 Tractions
$5.30
China Lightatta.
365
Macao Electrics
XD. $281.
$7.20 X.D.
28/.
301
[Martin, Glen L
33
112
| McKesson, Robbins.
-144*
131
Monsanto Chemical
97
411
Montgomery Ward
514
at. Dairy Products
154
164
Nat Distillers
26+
84
National Gypsum
18!!
10
睡
National Load
201
Nat. Power & Light.
243
261
Nadional Steel Corp.
56+
11
Nat Supply Corpn.......
74
New York Central
4
14
+
12
Niagara Hudson Power
€
$1260 Cements
$3.70 Ropes
Miscellaneous
$911 Dairy Farm (Old) 131 Dairy Farin (New) $8.90. Ch. Einments $1.5h Constructions
Constructions
37 Lane Crawforda
Naoyang Tobacos
29/6
Tractions (prof.)
Industrials
$14
Caid., Macg. (Ord.) S.
$13
Cald., Macg. (Fref.) B./
$1
Cuntoa Icom.................
$12
#1.
$3.80
***
$211
$21
$8.90
(old)
(now)
RIH
1
87+
138
N. American Aviation ..............
15
North American Co.
22A
2:24+
$8.20
552
Northern Pacific
40%.
73
8%
Pacific Gas & Mec..
31
4Xpm
Pacifë Lighting
par
21
4
$41
Packard Motors
2:21
3
New York Stocks
$1.80 Suncare
$1.88
Watsons
Ch.5% 1925G $Bds.
40%
H.E. Govt. 4% Loans
$104
+
H.K. Govt. 34% Loan
$100
H.K. Wing On
$41
S'hal Wing On
87
Paramount Pictures
194
82
11
Pennsylvania R.R.
171
14/9 40
Phelps-Dodge
352
4
Phillips Petroleura
33
Public Service of NJ.
38
Pullman Inc.
227
251
Para O
331
717
Radio Corpn. of Am,
51
57
Republic Steel
14
12-5/8
Columbia 8% "A" pf.
841*
Reynold Tobac. "B"
381
Vibro Piling.
Marsmans Inv. (Lon.)
Marsmans Inv. (H.K.)
#Wm. Powelle
*Bales to Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
ཚ ག ་མ ་ ་
8-5/16 8-3/8 8-3/8 8-7/16 8-37/8
NEW YORK COTTON
Prices were considerably marked down at the opening to-day, and the market presented a weak appearance." This was attributed to foreign selling. The decline, however, was only shortlived, and prices recovered sharply on new speculative buying and "bear" cover."
Better ing, influenced by unfavourable weather conditions. from Washington concerning the export subsidy question was an- other bolstering factor.
NEW YORK RUBBER
An early firm tone was evinced in to-day's market. Bome trade buying and better factory interest were noted. On the whole, prices moved within' narrow limits,
news
CHICAGO WHEAT
After an easy opening, prices moved up on unfavourable weather reports and firmness of cables. However, there was some liquidation on advance.
Previous
To-day's
close
"close
133.79
13456
up
Change 77
N. Y. Commodity Market
(By Courtesy of Messrs, Swan, Culbertson & Fritz and S. E. Levy & Company)
+
Richfield ON
48
Commercial
44
71
London, July 31.
5,48
Commonwealth & 8. (ord)
14
Safeway Stores
42!
36
C'wealth & S. 6% cum pí.
67
chenley Distillers
124
за
Consolidated Edispa
311
Schenley, 54% pía
Consolidated Ol
77
Continental Can
371
Continental Oil
211
Corn Products
591
Curtiss Wright (C.)
51
Curtiss Wright "A"
24)
Deere & Co.
191
Distillers Corpn. Seagrams
171
Douglas Aircraft .....
677
1491
8*
Eaton Mig Co.
231
Elec. Autolite
302
Elec. Bond & Share
7
0/8-1/2
Elec. Bond & Share #5 pl.
544
Elec. Bond & Share $6 pt.
65
Elec. Power & Light $7 pt.
25
.187
Food Machinery Corp.
294*
49
357
437
Gen. Rallway Signal.....
154
General Tire & Rubber Co
227
Glidden Co..
Goodrich (B.F.)
167
Goodrich $5 pI. *..
Goodyear Tire & Co.
20
Great Northern Iron Ore :
147
Great Northern Rly, pid. 213
Great Western Bugar
| Greyhound. Corpn. ...
18
Recker Produṛts
12.
Homestake Mining
Industrial Rayon "
Intentional Harvester
554
1939
Utilities
"Open Market-Selling Rates
Spot
July
August
Spot
July
Sterling
Opening Closing
Bellera
0/6-9/16" 0/8-9/16
0/6-15/32 0/6-29/64 0/0-17/64 0/0-15/84
U.S. Dollars
$12-25/32" $12-25/32 12-5/8 12-19/32 August........... 12-3/16 12-5/32 Market:-Slightly easy...
Sterling
Merchant Rates
US Dollars............ $12-11/16
Buver Duty Rate
Du Pont de Nemours.....
Eagle Picher Lead
The Central Bank of China's Flintkote......
rate on London at: 10 am. to-day
was 1/2-1/2d.. unchanged from Gen. American Trans.
quoted.
Gen. Electric
The Equalisation rate was not Gen. Mötors Saturday.
New York Exchange
New York, July 11 (Reuter)
IT. on London (Opening Rate). 4.68-1/16.
London Exchange
London, July 12 (BWB), Closing mean rates were: Paris, 176-23/82.
New, York, 4.68-3/16
Montreal, 4.30-1/16. Brussels, 27.55.
Geneva, 20.764.
Amsterdam 8.81-13/16 Milan, 89.
Berlin, 11.68
Buenos Aires, 20.21.
Bilver Spot, 161.
Forward, 16-13)18 Warloan 31% 04:
Other rates were unchanged.
High Low Dow Jones Averages, 16485 191.44 20 Industrialis
24.33, 24.14 30 Rally 36.63 20.72
92:23 87.0640 Bonds
July 10, High Low Ulnas Change Chinese Eng. & Mining 133.79 125.08-122.84:124.56. 77 up Cbearer)
1170221336.83 57.0030up Chosen Corporation
$1,09 45.59) Cosmodity Index 48,71
94.38 22.96 94.8945 up. Pekin Syndicate .......... 1/8*
89.11 20 up what Elec. Con 48.75 04 up
Shal Water
Businam Donn:-490,000 shares ⠀⠀⠀⠀
Co22/6
Seara Roebuck
T1
J
Beversky Aircraft
31
Shell Union Oil
10
Socony-Vacuum Of
113
Southern Pacific
131
Southern Rly $5 pfd.
214
Sperry
413
War Loan, 31% (Red
after 1952) Jacomi Canton-Kioon Rly. 5% Chinese 4% Gold Loan
1888 (Brit. Issao)...... 46 Chinese 5% Gold Bonds,
98-15/16 14
The following quotatioim are the middle prices at the clous of the market in London. All quotations are subject to confirma tion and no responsibility is assumed for errors, in transmission.
Union Insurance Gula Kalumpong Rubber 18/104 Allied Ironfounders
17/3 Asso, & Elec. Industries 39/44 Austin Motors, ord. ...... Cable & Wireless, New
New York Cotton; Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago. Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept.
499
Prev. To-day's High Low Close Close Change
9.03 8.92 8.97 8.99
.02 up 16:39
15,37 16:36a 16.39a 03 up 871 661 #471 47. 47+
561 45 55 55+ i up 11.30.11.20 11.14 11.27a 13 up
.67
+ up
471
+ up
NEW YORK COTTON "
A
26-7/8*
Close
Opening
Closing
Change
July October
-6.63/63
9.63/62
9.63/63
unch.
8.97/91
8.93/93
8.98/99
.02 up
December
8.81/82
8.77/78
8.82/92
unch.
28/8
January March
8.69 N
8.63/63-
8.70 N
.02 up
8.59/60
8.54/54
8.63/63
03 up
Standard Branda...........
02
1925-47"
40
Form, ord.
501
Stand Gas & Elec.
21
Chin. 41% Anglo-French
Standard Oil of California
252
Loan, 1908
40
B.-A. Tob. (bearer).. .. 94/41 Cammell Laird, ord... 7/11
-May
8.62/52
8.47/47
8.53/59
01 up
Spot
10.02N
9.98 N
04
off
Standard OB of NJ.
424
Chinese 5% Crisp Loan,
Mexican Eagle
Stone & Webster
104
1912
Swift International
261
Chinese 5% Reorg Loan,
Technicolor
147
1913 (Lán. Ix.)
321
Texas Corpn.
37
Taxes Gulf Sulphur
271*
Trans-America Co.
51
20th Cent. Fox.
101
Loan
20th Cent. Fox. 314 pf.
Honan Rly. 5%
Union Carbide & Carbon...1
741
Valon Pacific
95
United Aircraft
36
United Airlines Trans.
101
United Corpn.
21
United Corpn. $3.cum pt.
354.
United Gas Corpn.......
17
United Gas Improvement
127
UB. Rubber ........
401
U.S. Rubber $8 pfd.
1081
UA. Steel........
457
Vanadium ....
201
Warner Bros. Pict...
Westinghouse, Bec, "mis
971
Chinese 8% Ster. Noter,
1025 (Vickers)
Chin. Imperial Rly. 5%
Hakuang Rly. 5%, 1911.
Hukuang Rly.. 5%, 1911
(German Iseme), ..............
Lung Tsing & U. Hai Rly.
5% 1913 MAY
13
S'hal-Ning Rly. $%...... 17,
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
Tientsin-Pukow Riy, 5% ma
(German Stpd.) ......... Tientsin-Fukow Rly. 5%
(Brit. Sipd. Bapl Loan) 12 Tientsin-Pakow Riy. 6%
(Ger. Blpd, Supl Loan) 12:
12
44
12
16
12
Woodward Iron Cor,
17
Jáp. 5% Ster. Loan, 1907 301.
Chase Naonal Bank ......
33
National City Bank
251*
Jap. 6% Ster, Loan, 1924 354 Ger. 7% Intl. Loan, 1924 34 Chartered Bank .....
DOW JONES AVERAGE
July 12, 1919,
H.K. & Sia Bank Cdn.:
Reg ELK. & Bbai Bank (Cul
Reg.)
79
· 21.67
ཟླཟླསྲ་རྒྱབ ༥ ཐང སྦེ ཎྜ ཐཙྩ་བ་ག
Courtaulds
26/0
Bristol Aeroplane
Distillersonäriduconocer
Dunlop Rubber
Gen Electric. (England) 73/7+
Guinness (A) Son & Co. 101/6 Hawker Siddeley Airc... 17
19/9 Imperial Chemical Ind. 28/7
94/6
The last notice day for July cotton is 14th,
NEW-YORK RUBBER
26/3
July
September
December March
16.30b/33a
16.35b/368 18.38b/438
16.37/31 16.38b/39a
16.40/40
16.41/43
... 18.45/45
10.48/48
10.43b/408
16.47b/48x
8888
៩៩៩
| Imperial Tobacco
128/10
The last notice day for July rubler is 27th. Total sales for the day:-1,230 tons.
Marks & Sp'cer "A" ord.. 57/104
Rolls Royce
Leyland Motors ..... Tate & Lyle
105 88/9
51/101
Turner & Newall
July September December
United Steel
23/3
Smethwick Drop Forg... 14/9
'Monday's salės: 23,649,000 bushels,
Armstrong Stevens, ord. 5/9 Pressed Steel, com. Vickers; ord.
17/3
18/44
July
Woolworths
62/71
Anglo-Dutch
22/6
October December
CHICAGO WHEAT
651/651
601/661
661/86) 687/674
67/661
877/68
881/834
684/631
CHICAGO CÓBN
45#/457
47/471
477/48
475/47 48/49
401/401 478/411:
· 48/48
unch.
Rub. Plant. Invest. Trust 26/7.
WINNIPEG WHEAT
Burma Corporation Commonwealth Mining. Marsman Investments... 14/9 Randfontein Estates Western Holdings
7/32
*July"
/36/101
11/8
October December
Sub-Nigel
212/6
Tanami Gold Mining,
4jd.
BOL
September
Anglo-Iranian
71/10
December
Burmah
71/6
NY Silver, Oficial
17/9
Shell Trans. & Trad
4/0
541/541 547/55 18551/551 561/561: 578/572 NEW YORK HIDES
11.14/14 11.20/23 11/42/0 11.50/52 94-374 NY-Landon Cross Rate 4.68-1/8.
548/541
65/551 567/561
11:28h 27a
11.55/66
34-3/4
4.88-3/16
(bearer)
82/6
Nominal
NEW YORK STRAITS TIN
September
48.056/50848.056/408/348,055/40