i
can Silver was quoted at 39 3/4 for Spot.
STOCKS
Last Sale
July 13
JULY 14. 1959 STOCKS
$18
Last Sale
The London/New York cross-rate Adams Express was quoted at 468.18. New York/Alleghany Steel Co. London was quoted at 468.1/4.
July 13
164
¡Ent. Nickel
48%
Int. Tel & Tel.
Alled Stores
B
Market
Allis Chalmers
354
Johns Manville
73
Quiet, no business was reported.
Amerada Corps.
641
J. & Laughlin Steel 37 pfd. -413*
Amer. Can
951
Kennecott Copper
342
$56
Sterling
Amer, & Foreign Power ..
21
Libbey-Owens-Ford
Glass
48
and 1/2.3/4
There were sellers at 1/2.13/16 Amert & Foreign $7 pi.... July, 1/2.25/32 August/September American Gas & Elec
probably December buyers at, 1/2. |Amer, Metals, Co. 27/32 Cash, 1/2.13/18 August and Amer. Radiator 1/2.25/32 October.
U.S. Dollars Nothing doing. There were sellers at 28 7/8 July, 28 13/16 August and 28 3/4 September, buyers at 28 15/16 Cash, 28 7/8 August and 28 13/18 October..
Shanghai Dollars
·Sellers at 225 1/2 for Spot.
Shanghai Market Opened with sellers at 6.9/16 for
and
Spot
6.15/32 July.
Amer. Sting and R'ing Co. 448 Amer. Bugar Ring Amer. Tel. & Tel Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors ...
US. Bendix Aviati
Dollars at 12.25/32 for Spot and Bethlehem Steel 12.17/32 July. Subsequent advices Bliss & Co. reported the forward market as Boeing Airplane Co. being weak.
197
Lockheed Alecraft
261
37
Loew's Ine.
44
October/November, Amor. Locomotive
172
Manhattan Shirt Co.
301
[Martin, Glen L
334
122
McKesson, Robbins
12
Monsanto Chemical
Amer. Rolling Mill
134
974
Montgomery Ward
513
.17.
| Cint. -Dairy Products"
16
$19.50
185)
Nat. Distillers
20.
85
National Gypsuni
123
10
National Load .......
201
#214
PAGE 12-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS |Shanghai Exchange
On Londed:—
JULY 14, 1939 -
Telegraphic Transferi 239 Bank Bills, on demand 239 Credits 4 months' sight 1/931/32 On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
ay
918
52 €/18
On demand
105
Ön India :-
Telegraphic Transfer.
and demand .......... Un New York:—
32 1/8
88 6 8 5 5 6 5
Bank Bills, on demand 8 11/18. Credits, 60 days" sight 59 3/16
Shanghai Exchange Rates The exchange market opened at quietly. with strong sellers 6-15/321. for July and 6-1/4d, for August.
There was, not much demand for continued cash, but there were buyers at these levels for July and August However, when it was discovered that there were no more sellers at these rates, buyers en- tered more keenly.
The market closed with July and August 1/16d. and US. $1/8 lower, with business done at these levels,
Shanghai, July 14 (Reuter).
Official T.T, Rates
Un Batavia-
London
Ün demand
63 7/8
New York
On Paris:
Jäpan
Back Bills, on demand 1183
Paris
Credits 4 months' sight IS
Hongkong
Un Saigon--
India'
On demand
Un Manila:-
On demand
108
37. 8/3
On Bangkok:---
. On demand
24151 1/8
Sterling Notes:-/
Bank Buying Rate
1/2 29/32
Spot July
Bar Sliver per o
16 13/16
August
Market Report
Spot July
August...
12
Silver
SILVER MARKET
London, July 19 (Reuter),
LONDON SILVER *Sliver.-India bought. Specula- tors bought and sold. Offerings small. Buyers satisfied. Market quietly steady. In the afternoon. the market was very steady, with India a small but unsatisfied buyer | at 1/18 over the fixed rate and
sellers holding off. ›
Spot.... Forward,
18 13/184. 16-1/44.
NEW YORK, SILVER New York, July 13 (Reuter). Official Price, 34-3/4.
BOMBAY SILVER: Bombay, July 13 (Reuter). Market Steady. - Offtake 100 bars.
Indian Mint Silver
0/6-1/2 11-5/8
Ready Aug. 11 Settlement Sept. 9 Bettlement
46
5,48
36 36
4
45-15
45-05
44-15
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Bayan
Ballers
ป
SHAREBROKERS- ASSOCIATION
SatNamo FRIDAY 14.
!
#1380
$1380
£79
$230
3415
$425
JULY,
Banks
B.K. Banks kustomter
Do. (Col., Beg.)
***
Do. (Lon. Bag) Chartered Banks .....
£äbi Marcantile. Bla, “**** Marcantile. Bha, “Q” $30 (Bank of East Asia N. C. & S. Haske
Insurances
Cantos InmarsDoss Union InsurSDOGS $1.35 Underwritten $183 R.K. Biro
Shipping
387
Dougi
315
Steamboat
repation
$80
$30
Indo-China (Pret.)
Indo-Chines (Del.)...
81/0 'Shell
$8.10 Waterbosta o................
Docks. Wharves,
Godowns, etc.
Buyers Melin Mid Womine
#1380
***
481 £79 £7+
$80
SATURDAY, JULY 15, 1939.
PAYNE & CO.
.❞
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
MARKET REVIEW
(FROM PAYNE & CO,)
A
COMMODITY
50 atk
1290
**
$495
1.
F135
49%
$18
$50
$20
82/6
SPOT
OCT.-DEC.
$108
II.K. & K. Wharves
$108
JAN-MARCH
$4.00 Provident
Ar
$4.45
Providents (new)...
#17
HK. & W. Dock... $17.10
Do. (new)
8106
.:
18.30
17/0
!!!!
霉
FROM ROZA BROS.
prices rose yesterday to
the extent of 1/4 for Ready and 5/16 for Forward, the quotations being 1813/16 and 16.1/4 respec- tively. Silver advices reported India 18 having bought and speculators as having operated both ways. The market was steady at the close with, buyers at 1/16 over the quoted rate. Ameri-
Open Market-Selling Rates Sterling
Sellers
Closing . Opening
0/6-9/18 078-9/16
6/6-27/64 0/0-11/92 0/8-5/32 0/0-1/10
U.S. DollarE
$12-25732 $12-23132 12-1/2 12-3/8
11-25/32
Spot Market:-Quiet, Forward Market:-Weak.
LONDON GOLD
London, July 13 (Reuter). Bar Gold, Fine per oz., 148/8. Dollar Parity, 1/2d, premium.
Merchant Rates.
Sterling
'US, Dollars
0/8-17/32 $12-11/16
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, to-day was 1/2-1/2d, unchanged from yesterday.
The Equalisation rate was not quoted.
NEW YORK STOCK EXCHANGE
QUOTATION
8108 Shanghai. Docks 8.
$8.30 New Engineerings 8.
Mining
17/ Kailane.......
39.40 Rauba
#4 Venezuela Gold Fld
4 cta Hong Kong Minos ... Lands, Hotels and Buildings
H.K. Hotels
8354 H.K. Lands..........
$81
par Do. 4% Debentures
Shanghai Lands $4.60 H.K. Remitica
Humphreys..............
$100 Chinese Estates Cotton: Mil
318 Kwa (8.) ......... $105 S'hat Cottons (8) 41 Zoong Singa (8) $481 Wing On Textiles (8.)
Public Utilities
The market opened 1/16 of a cent higher for all deliveries as compared with Wednesday's closing quotations.
จ
Steady conditions prevailed throughout the day. There was good demand for "actuals," particularly from USA.. in evidence, whilst dealers and speculators also displayed good buying Interest in futures.
"
Later in the session prices advanced by 1/16 cent for all de- liveries on additional general enquiries, the market closing with a quietly steady undertone.
Expectations of continuous improvement in the European poli- tical situation coupled with overnight cable-reports on further in- dications of an upward business-trend in USA, as evidenced by the reassuring action of the Stock-market in New York, alded by a display of good consumers' demand for "spot" Rubber, all combined to stimulate activity. It was significant, however, that reports of pos- sible labour-troubles in the American "Motorcar-Industry were tirely ignored.
LONDON RUBBER
Previous close
8-3/18
сп-
22
change
To-day's close buyers sellers buyers sellers
8-5/18 3-5/18 8-3/8
up 1/8 ........ 8-3/16
8-7/16 8-3/8
8-1/2 up 1/16 8-7/18 3-1/2 8-7/16 8-9/16 unch.
Prices improved with trade and New York enquiry. There was good business.
NEW YORK COTTON
An early decline was in evidence in to-day's market with initial prices market down. This was attributed to liquidation and realis- Ing. The market was easy throughout, but fluctuations were within narrow limits. On the whole, the market displayed no activity and was awaiting the result of the subsidy talks at Washington.
NEW YORK. RUBBER
The market advanced early on good trade and factory buying. The firmness of the London market was another siding factor.
CHICAGO WHEAT
New York, July 13, 1939,
SINGAPORE RUBBER
R$
July 12 buyers vellers buyers" sellers .28-1/8 28-3/8 28-1/4 23-1/2 Ep 1/8 28-1/4 28-1/2 28-3/8 23-5/8
July 19
change
28-5/16 28-9/16 28-7/16 28-11/18
\\
$351
8.
#
$5.70
$100
$4.90 $5.40
+PA
+
$18,80
$110 340
F
#45
83.70 Peak Trame (sw)
Tramway sh $7.40 Peak Trams (old)
$166
SPOT
17.40
OCT.-DEC.
93.70
$664 Star Ferring
$861
JAN-MARCH
$22
mati Ferries
Do. (new).
981
Chins Lights (0)
$8.20
80.80 China. Lights New).
$5.20
$5.30
Chins Lights Rt.
H.K. Electri
រឿងរ៉
$18
Macao Electrice
312
Sandakan Lights.
$25 Telephoma (old)
$7.60 Telephone (new)
$7.30
18/0 Tractions
$283
22/
22/0 Tractions (pref.)
Industrials
$14
Cald., Macg (Ord.) &.
813
Cald., Macg. (Fret.) 8.
Canton Ice
Comenta
$12.60
$3.76 Bopos
$3,80
Miscellaneous
Dairy Farm (Old)
ERIA
Nät. Power & Light
25+
8
521
National Steel Corp.
28
50
*
86.90 Ch. E'tainmania
12
Nat. Supply Corpn.
71
New York Central
Baltimore & Ohlo Barber Asphalt Co Barnsdall On
41
144
13
Niagara Hudson Power
61
Dairy Farm (New)
81.56 Constructions Constructions
371 Lane Crawfords
Nanyang Tobacco
$21
86.90
(old)
$11
To-day's market rallied with new speculative buying and short- covering, influenced by unfavourable weather conditons. bolstering factor was provided by reports of crop damage.
Another
(Daw)
品
874
Previous
To-day's
$4
close
close
137"
N. American Aviation
152
$1.80 Sinosten
$1.98
New York Stocks
136.96
Change 138.03 up 1,05
241
North American Co.
221
$9.46
$8.45
Watsons
$8.40 $8.45
Northern Pacific
40*%.
Ch. G.5% 1925G Bd4.
40%
501
82
10
Pacific Gas & Elec.
32
4Xpm
-
H.K. Gork, 4% Loans
8104
Pacific Lighting
PAY
B.K. Govt. &% Lon
$100
234
47
841
Packard Moters
Borg-Warner
23
3
Paramount Pictures
Biggs M'facturing Brooklyn-M'hattan Trans.
21
91
Pennsylvania R.R
113
179
Afternoon Market
Phelps-Dodge
Sterling
probably
The market was quiet in the Canadian Pacific R'way. "afternoon..
The market closed with sellers Chesapeake & Ohlo at 1/213/16" July, 1/225/32 August/ |Chrysler Corpn. September and 1/2.3/4" October Columbia Gas & El. November.
December, Columbia 8%, “A”"pl.
buyera at 1/2.27/32 Cash, 1/2.13/16" [Commerefai August and 1/3.25/12 October.
U.S. Dollars
Commonwealth & 8. (ord.), N C'wealth & 8. 6% cum pt. 078 The market closed with sellers Consolidated Edison
28 7/8 July, 28 13/18 August
and 28 3/4 September, buyers at
28 15/16 Cash," 28′ 1/8 August and
28 13/18 October,
Continental Can
|Continental Oil
| B′klyn-M'hattan $8 cum pf.
40.
381
4 ...
Phillips Petroleum
14
!!!!!
348
Public Service of NJ..
Case, JI. Celanese ......
16
381
Pullman Inc.
237
261
Pure Oil, ..
341
7
15
Radio Corpn. of Am.
5t
Republic Steel
15%
Reynold Tabac. "B"
881
30
Richfield CN
401
77
Bafeway Stores
131
Schenley Distilera
121
31
Schenley, Sprd.
Consolidated On
71.
Bears Roebuck
14/3
H.K. Wing О.....
'hd Wing On "......
384 Vibro Piling ...... Haramans Inv. (Lon.) Maramans Inv. 8.K.)
m. Powoli
LONDON
4/0
Hai to
Shanghai
STOCK EXCHANGE
(REUTER'S SERVICE)
London, July 13.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirms- tion and no responsibility is assumed for errörs in transmission.
$41
$7
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Lovy & Company)
Prev. To-day's
High
Low Close Close Change
New York Cotton, Oct.
3.95
8,87 8.94 8.90 .04 CIT
!!
New York Rubber, Sept. Chicago Wheat, Sept Chicago Corn, Sept. Winnipeg Wheat," Oct. New York Hides, Sept,
16.55
18.45 16.45a 16.49
04 up
801
65 66
661-
da t
481
45
46
451
511
53 54
$418 à on
11.44 11:34 · 11.30
11.49
13 up
77
2
£
NEW YORK COTTON
381
Seversky Aircraft
31
*22
Shell Union Oil
108
Corn Products
60
Socony-Vacuum Oll
111
War Loan, 34%
Efter 1952) Canton-Kloon Rly. 6% 1
(Red
931
Curtiss Wright (C)
51
Southern Pacific...
13
Chinese 41% Gold Loan,
Shanghai Dollars
225 5/8.
Shanghai Market
Curtiss Wright. “A”. Deere & Co.
25+
Southern Riy $5 pid.
224
1898 (Brit. Issue).......
20
Eperty
43
Chinese 5% Gold Bonds,
Distillers Corpn. Seagrama" 18
Standard. Brands ............
મ્ર
1025-47
1
Sterling, the Spot rate was un- Douglas Aircraft ............................ changed but the July rate was Du Pont de Nemours ........ quoted at 8.27/64 and August at Eagle Picher Lead 8.5/32.
New York Exchange
་་
New York, July 13 (Reuter).
T.T. on London (Opening Rate); 4.68-3/10.
Calcutta Exchange
Calcutta, Jul 13 (Reuter). T.T. on Japan, 78-5/8,
India Rupee Paper
Bombay, July 13 (Reuter) Govt:: 34% Rupée, 95.
London Exchange
London, July 14 (BW). Closing mean rates were:+. Paris, 176.20-3/32
New York. 4.68-3/16"
Montreal, 4.69-1/10. Brussels, 27.571, Genera, 20.761); Amsterdam, 80.801 Millan, 29-1/32. Berlin, 11,661 Buenos Aires, 20.20, Silver Spot, 18-13910, Forward, 161 '«
Gen. Mótors
Goodrich $5 pf
894
Stand Gas & Elec......
21
Chin-44% Anglo-French"
1511
Standard Oil of California.
252
Loan, 1908
99
Union Insurance Gula Kalumpong Rubber 18/101 Allied Ironfounders 17/11 Assó, Elec. Industries 39/T Austin Motors, ord. ...... Cable & Wireless, New
Form, ord,
26-7/8*
Close Opening Closing
Change
July October
3.64/65
9.61/61
9.60/60
,05 off
8.94/94
8.93/93
8.90/90
04 off
28/9°
December
8.76/76
8.74/75
8.71/72
.04 off
504
January March
1,63 17
8.63/63
8.59/59
.04 off
$.52/52
8.51/50
8.46/46
B.-K. Tob, (bearer).
93/9
May
8.40/41
· «8.40/40-
8.36/36
Cammell Laird, ord..
7/3"
Spot
LED N
1.85:
05 off $.04. off
BL
Standard On of NJ.
434
Chinese 5% Crisp Loan,
Mexican Eagle
7/101
Eaton Mig Co.
243
Stone & Webster.
114
1912 .......
Elec. Autolite
334
Swift International
271
Chinese 5% Reorg, Loan,
Elec. Bond & Share...
$1
Technicolor
18
1913 (Ldn. Is.)
Elec. Bond & Share $5 pt..
Texas Corpn. „
3614
Chinese 8% Bter. Notes,
Elec. Bond & Share $6 pf. 66* Elec. Power & Light $7 pf - 201 Pintkote
Texas Gulf Sulphur
201
1929 (Vickers)
12
ཚ་་་ ་་ ༢༥།
211
Courtaulds
28/3
Distillers
94/9.
The last notice day for July cotton is 14th.
NEW YORK RUBBER
Dunlop Rubber
26/6
Trans-America Co. .....
57
Chin. Imperial Rly. 5%
ai
20th Cent. Fox.
201
Loan...LES
Gen. Electric (England) 73/104 Guinness (A) Son & Co. 104/6 Hawker Siddeley Airc.... 17/3 Bristol Aeroplane.
July
Beptember
Food Machinery Corp.
311
|20th Cent, Fox. $14 pt.
Honan Rly. 5%.
Gen. American Trans.
402
· Union Carbide & Carbon
791
Hukuang Rly, 5%, 1911...
Gen. Electric
365
Union Pacific
961
45
United Aircraft
361
Gen. Rallway Bignal Mo..
114
United Airlines Trana..
111
Genemi Tire & Rubber Co (24
United Corpn....
Glidden Co........
17
United Corpn. #3 cum pf.
38
Goodrich (B.F.) ......
171
United Gas Corpn...
United. Gas - Improvement. 13
Goodyear Tire & Co.
28&
UB. Rabber
Great Northern Iron Ore.
142
UB. Rubber $8 pid.
100
Great Northern Rly, píd.
233
US. Steer
47#
Bukuang - Hly, 5%, 1911
(German Issue).........
Lung Tsing & U Hai Rly.
5% 1913
Shal-Nking Rly. $%.....
Tientsin-Pukow Rly. "5%
(Brit. Stpd.)
Tientsin-Pukow Rly, 5% (German Stpd.).......... Tientsin-Pukow Riy. 5% !!!
19/9 Imperial Chemical Ind. 28/6 Imperial Tobacco. Marks & Spicer "A" ord. 57/101
December March
128/9
.............. 18.53b/54a-' 16.530/57a -18,57b/58g The last notice day for July rubber is 27th, Total sales for the day:-2,060 tons,
16.35b740a
18.405/45a
·05 up
16.44b/45a 18.45/48 | 16.49/49 -16.50/50 18.49b/542 16.52b/548
.04 up
04 up
.04 up
B
Rolls Royce
104/41
CHICAGO WHEAT
Leyland Motors
80/41
Tate & Lyle
July.
651/65#
Turner & Newall
82/11
September
661/80
17/74
December
United Steel
671/67
081/601 871/671
85/65 682/661
674/87
23/11
Smethwick Drop Forg.... 14/9
Wednesday's sales: 27,211,000 bushels.
Armstrong Stevens, ord 5/9..
CHICAGO CORN
Pressed Steel, com.
18/3
Great Western. Bujar
25
Vanadium
211
Greyhound Corpn.
184
Warner Bros. Pict.
(Brit. Stpd: Bupl. Loan) Tientsin-Pukow Rly, 5%"
Vickers, ord... Woolworths
18/4
July
441/441
64/11
Anglo-Dutch.
22
September December
451/40 45/46
459/452
off
461/461 482/101 46/48
Hecker Products
12
Westinghouse Hec. ow.
100
Homestake Mining : Industrial Rayon International Harvester
64
Woodward Iron Cor..
18
20
571
Chase Na omal Bank ..... National City Bank
33*
251
(Ger. Stpd. Bupl Loan) 12 Jap; 6% Bler. Loan, 1907 Jap 6% Ster Loan, 1924 35 Ger. 1% Intl. Loan, 1924 334 Chartered Bank
30
Rub. Plant. Invest. Trust 26/6 Burma Corporation Commonwealth Mining...
WINNIPEG WHEAT
7/3
July
641/544.
54/54
Marsman Investments.
:14/3
74
Randfontein Estatea
38/10
October December
4512 55%b
344/544 ··543b- 1557/58
55Ta
unch
ALK & S'hal Bank (Lán.
---bla.
Western Holdings
11/0
High ““ Low Dow Jones Average
15485 1214430 Industriala
34.82 94,1430 Hails
28.5) 20.710 30 Utilities
51,09 45.59 11 Commodity Index: 48,483.
Other rates
e unchanged.
21.12 87.06 40′′ Bonds
DOW JONES AVERAGE
July 14, 1999, July 18, High Low Close Changer 134.98 19.05-187.36 138.051.00 up 17.61 28.06 9778 17.841) Op 24.60 25.13 $4.75 24.86 16 up 0 89,60 10 op -Businass Dome;-850,000 shares
E.K. & 8'hai Bank (Col
Regy
Sub-Nigel
$210
Tanami Gold Mining”
31
Beptember
NEW YORK HIDES:
11.30/30 11:35b/40%
Anglo-Iranian
12/8
Chinese Eng & Mining
(bearer.
December
Burmala
∙71/3
17/0
NY Silver,
11.60/60 11.85b/70a 3-3/4
84-3/4
Shell - Trans, & Trad.
Chosen Corporation Pekin Syndicate..... shal Nec Constr. Co
NY-London
4/9
Pate 488-174SPO
468-15
(bearer)
82/8
1/99
Nominal
September
NEW YORK STRAITS TIM
48.050/40848.05b/50 48,05b/50%