PAGE 12-HONGKONG DAILY PRESS
Finance and
MONEY AND
EXCHANGE
Commerce
MOVEMENT OF GOLD AND SILVER
London July 21 (Reuter).
Week ended Week ended
July 12
July 19 £
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buy Bailers
SHAREBROKKEN ASSOCIATION
Balsamina SATURDAY (22)
JULY.
Banks
Do. (Col. Bag.)
•
$1330
1. Banka
£80
276
To: (Lon. Beg.)
c6
Chartered Banks
212 Mercantile Bk
"C"
Begur Bellera lamina
81320
£76 £64
នាង
MONDAY, JULY 24, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
---
£24 Mercantile Bk. "A"
Bank of East Asis
N. C. & S. Banks ...
Insurances
$200 Canton Insurances
$405 Union Inraraaces.
$1.33 Underwriters
$185 H.E. Pires
Shipping
CLOSING QUOTATIONS
JULY 22, 1939
On London:-
Telegraphic Transfer. 1 18:32 Bank Bills, on demand/2 19/32 Credits 4 months' sight 1/2 27/32 On Shanghai:-
On demand
On Singapore:-
300
GOLD
Total EXPORTS from the United Kingdom Including: To the United States
"14,339,000
8,580,000
14,512,000
8,458,000
$30
Canada
83.000
+
Switzerland
47,000
44,000
The Netherlanda
142,000
33,000
Poland
24.000
Total IMPORTS into the United Kingdom Including: From British Africa
4,793,000
1.867,000
2,135,000
1,745,000
British India
!!!!
***
33,000
Switzerland
30,000
Southern Rhodesia
274,000
29,000
$67
Dougies
16
On demand
-3ILVER
51 3/4
On Japan:-
On demang
Total EXPORTS from the United Kingdom Including: To the United States
$30
282,000
169,000
33/9
Sheila
104
27,000
87,000
On India:
Hungary
50,000
Total IMPORTS into the United Kingdom Including: From Hongkong
134,000
101,000
68,000
Telegraphic Transfer.
and demand.......
On New York:--
Bank Bills, on demand 28 7/18 N Credits. 80 days' sight 98 15/16
Un Batavia :—~~~
Un demand
On Paris:-
03
Bank Bills, on demand 1073 Credits 4 months' sight 1115
Un Saigon:--
On demand
107
1 Manila:-
On demand
37 1/8
On Bangkok-
On demand
152 1/4
Sterling Notes:--
Bank Buying Rate
1/2-13/16
Bar Sliver per oz.
16 13:16
York Exchange
New York. July 22 (Reuter). TT on London (Opening Rate), unquotëd.
Calcutta Exchange
Calcutta. "July 22 (Reuter).
TT. on Japan, 78-5/8.
LONDON
GOLD
London, July 22 (Reuter).
Bar Gold, Fine per oz. 148/6. Dollar Parity. 1/2d. premium.
India Rupee Paper
Bombay, July 22 (Reuter). Govt. 31% Rupee, 96-08-0.
NEW YORK STOCK EXCHANGE
1:
QUOTATION
Steamboats
Indo-Chinsa · {Prod,}
Indo-Chinna (Dat.)...
$8.10 Waterbosta
Docks, Wharves,
Godowns, etc..
$108H.K. & 5. WharrER $440 Providenta
Providente [GW]
$17 H. & W. Doak... Do. [new]
108 Bhanghai Docks B
18.30 New Engineeringa ·8.
Mining
17/6 Kailans.....
88.40 Baubs
***
$4 Yeneruels Gold Fide #4
4 cta Hong Kong fine...
Lands, Botels and Buildings
$H.K. Hotels............
Do. 4% Debentures 2
#80
30 ota.
COMMODITY
MARKET
$10
REVIEW
814
$406
8185
367
$15
850
$20
#!
83/9
$8
SPOT
OCT.-DEC.
B104
8440
JAN.-/MARCH
$17
8108 ..48.30
17/8 $81
$5.40
$351 H.K. Landa
8.
835+ $160
$8.60 Shanghai Lands
74.80. Realtime
$4.80
861 Humphreys
#
(FROM PAYNE & CO.)
New York, July 22, 1939.
ŠINGAPORE RUBBER
July 22
July 21
buyers sellers
buyers sellers
change
28-1/4
28-1/3
28-9/828-5/8
up 1/8
28-1/a
28-3/4
28-5/8 28-7/8
up 1/8
28-5/8
28-7/8
28-11/16 28-15/16 up 1/18
The market opened 1/4 of a cent higher for all deliveries as com- pared with Friday's closing quotations,
1
The market ruled steady early in the morning due to better de- mand for Immediate and near deliveries, particularly from New York.
Subsequently, however, the market turned very dull, operators apparently awaiting the result of the July 25 meeting of the Inter- national Rubber Regulation Committee. In view of this fact there was lack of speculative buying interest as well as absence of selling pressure all of which made for market "inactivity.
American Motorcar production for the week ending 21 instant showed a sharp decline which, however, is seasonal. Reports on
American business-recovery continue to be favourable. It is, there- fore, felt that further price-improvements may be conadently anti- cipated, always providing that the market will not be subject to out- side influences such as labour troubles, political tensions eta..
LONDON RUBBER
Previous close
Market Report
FROM BOZA BROS.
was
Ready Sliver
unchanged yesterday but the Forward
quotations
rose 1/16, the 16.13/16 and 16.3/3 respectively. Allied Stores
as Allis Chalmers
"Silver advices reported India
having bought. The market was Aluminium Ltd
quietly steady. American Silver Anderada Corps.
was quoted at. 34 3/4 for Spot.
STOCKS
Last Sale
JULY 23, 1939
July 22
STOCKS
Last Sale
rate adama Express
July 22
being Alleghany Steel Co.
194
Int. Tel & Tel.
?
97
Johns Manville
802
381
J, & Laughlin Steel $7 pid
46
130
Kennecott Coppe:
371
843
Libbey-Owens-Ford
Class
521
Amer. Can
96
Lockheed Aircraft
27
The London/New rate was quoted at
York
cross-
Amet, & Foreign Power
21
Loew's Inc.
452
468.18.
New Ameri & Foreign 7 pf.
201
Manhattan Shirt Co.
13
York/London
Wan
quoted.
at American Gras & Elec
38
Martin, Glen L
351
468.1/4.
Amer. Locomotive
201
[McKesson, Robbins
18
Amer. Metals Co.
304
Monsanto Chemical
1037
Market
Amer. Radiator
13
Montgomery Ward
551
Quietly steady.
$100 Chinese Estates
Cotton Milts
$19 Exwe (B.)
8105 S'hai Cotions (5.)
Zoong Sings (8.)
$42
"$481Wing On Textiles (S.)
Public Utilities
$16.55/50... Tramways
87 40 Peak Tras (oid)
$3.70 Peak Tramm (now)
***
$85
Star Ferris
$22
'mati Ferries
Do. (Dew)
$8.30 China Lights (0)
0.10 China Lights (New)
China Lights Rt. 854.16 H.K. Electrics... 318 Macao Electrics 312
Sandakan Lights"..... 829 Telephonen (old) $7,60 Telephones. {DOW) 19,0 Trations
!! ខ្លី ដន ធ្វើ
-2839
$19 10
$110
$40
845
SPOT
$18.45
$18.85/60
OCT.-DEC.
7.40 $2.70
JAN-MARCH
$84)
Market closed.
$28Į
$8.10
80.10
buyers
To-day's close sellers buyers
sellers
change
8-3/8 8-7/18
8-7/16 8-9/16
CLOSED
8-9/14 8-5/8
87.30
The average forecast of last week's stocks of rubber in London
") and Liverpool shows a decrease of 2.400 tons.
NEW YORK COTTON
Early in the session "the market ruled irregular, easing alightly on Iliquidation and selling. Later, however, good buying and covering advanced prices. Weather, crop prospects and the forthcoming subsidy announcement are all major market Influences.
ง
22/.
Amer. Rolling Mill-
16+
National Cash Register Co.
201
21/6 Trmations (prak.)
Sterling
Amer. S'ting and Ring Co., 431
at. Dairy Products ..
173
Industrials
NEW YORK RUBBER
at
sellers Anaconda Copper
1/2.21/32 July/October
305 with Later. 322
Business was reported carly in Amer. Bugar Ring
the morning at 1/2.23/32 for Spot. Subsequently offers at 1/2.11/16 Amer. Tobacco" "B" were accepted for July and August. Amer. Waterworks The market closed with
and Atchison, T. & S. Fe. 1/2.5/8 November/December. buy-Auburn Motors ... ers at 1/2.23/32 Cash,,, 1/2,11/16 Baltimore & Ohio September/November and 1/2.21 32 December.
U.S. Dollars
Nothing doing. The market
closed with sellers at 28.5/8 July Bliss & Co. and 28 9/18 August, buyers
28 11/16 Cash and 28 5/8 August. Borg-Warner
Shanghai Dollars Erratte, Opened at business done at 300. Was done.
The market with buyers at 320, sellers at 310.
Erratic.
Shanghai Market
Chrysler Corpn. ................... Opened with sellers at Colts Patent Fire-Arins
4.7/18 and then
rose to 4.3/4. [Columbia Gas & El.
Rates received towards the close Columbla 6% "A" pl. reported sellers at 41/2. buyers Commercial
at 4.9/16 for Spot.
Shanghai Exchange
Omcial T.T. Rates
161
Nat. Distillers ..
$14
Amer. Tel. & Tel
1671
National Gypsum
**26
131
Cald., Macg. (Ord.) 8.
од
$18
Cald., Macg. (Fref.) 8.
Market closed.
85
National Load ......
Canton loer
$1
23
114
Nat. Power & Light
312.60 Cementa
$12.50
CHICAGO WHEAT
9
271
National Steel Corp
66
301
Nat. Supply Corpn.
9
New York Central
161
51
Niagara Hudson Power
7
Barber Asphalt Co
'141
N. American Aviation ................
164
Barnsdali Ofi
141
North American Co".
*!!!!
740
$8.90
(aid) (DOW)
241
Bendix Aviation Bethlehem Steel
Northern Pacific.......
261
91
€5
Owens-Illinois Glass Co.
672
10
Pacific Gas & Elec...
331
at Boeing Airplane Co.
241
Pacific Lighting
31
49
Packard Motors
$104
264
32
99*7.
LAS
Biggs M'facturing
Paramount Pictures
234
104
$41
Brooklyn-M'hattan Trans. 13 B'klyn-M'hattar. $8 cum pt. 43
Pennsylvania R.R.
191
Phelps-Dodge'".
401
Canadian Pacific R'way.
Phillips. Petroleum
181 14/6
43
361
4/0
closed
Public Service, of NJ.
probable Celanese
Case. J.I....
77
391
Pullman Inc.
264
291
Pure Ofi
Chesapeake & Ohio
354
TI
Radio Corpn. of Am.
84
B1
80.*
Reading Company, lat pid
**
67
Remington Arms Co., Inc.
21*
86
Républic Steel
184
491
Reynold Tobac. “B”
40
Commonwealth & 8. (ord.)
Richreld Of
11
C'wealth & 8. 6% dum pf.
68..
Safeway Stores
16
Consolidated Edison
327
Schenley Distillers ...................
134
Consolidated Ou
7ཎྜུ
Schenley, 51% pid.
Continental Can-
381
Sears Roebuck
201
£
$3.70 Bapes
Miscellaneona
821 Dairy Farın (Old) 12 Dairy Farm (New) $8.90 Ch.
tainments
81.6b Constructions
Constructions
37 Lane Crawfords
Nanyang Tobacco
$1.80 Sinceres
88.40 Watsons
Ch. G.5% 1925G göda. H.& Govt. 4% LoansTM
H.K. Govt. 34% Loan H.K. Wing On .....
'hal Wing On Vibro Piling Maramans Inv. (Loa.) Marsmans Inv. (H.K) Wm. Powells. *Sales Shanghai
to
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, July 21.
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 errors in transmission.
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept,
$3.80
8211
911
Prices moved lower on the easier Winnipeg Liquidation and profit-taking, Rainfall in Canada was a favourable factor, but was insufficient to affect the market to any extent. The subsidy announcement, probably next week, is awaited with interest both in Chicago and Winnipeg.
market,
also
on
87+
Previous To-day's
$1.98
New York Stocks
close. 143.46
close
Change
$81
144,71 up 1,25
33
$100
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E. Levy & Company)
Prev. To-day's
Close Close Change 8.85 8.64 0 1 of
"High Low
8.70 8.60
16.66 closed
.............
651 411 52
-631-
644 634
11 off
39+
401 40
I off
518
. 522 614 1
11.70 closed
Shanghai, July 22 (Reuter).
Continental Oil
227
Severaky Aircraft
31
Opening Corn Products
621
Shell Union Of
114
War Loan, 31% (Bed
after 1952)
92-9/16.
London
0/4
Curtiss Wright (C)
54
Socony-Vacuum" Ofi
12
Canton-Kloon Ely 5% 12
New York
7-3/4
Curtiss Wright "A"
057
Southern Pacific
15
Japan
28-1/2
Deere & Co.
21
Bouthern Riy 15 pfd.
201
1898 (Brit Issue)......
India
22-1/2
Distillers Corpn. Beagrams
181
Sperry
451
Sterling
Sellers
Opening
Spot
0/4-7/16
Paris
Hongkong
The market is ruling firm on
general selling and profit-taking.
Open Market-Selling Rate
Closing 0/4-5/8
Elec. Autolite
Elec. Bond "Share
2,49 27-1/8
Douglas Aircraft
731
Standard Brands
&i
Chinese 44% Gold Loan,
Chinese 5% Gold Bonds,
1925-47 ....
38
Du Pont de Nemours
158
Stand Gas & Hec.....
21
Eagle Picher Lead
94
Standard Oil of California
261
Chin. 41% Anglo-French
Loan, 1908
38
Eaton Mig.-Co.
26
Standard all of N.J.
431
381
Stone & Webster
12#
· 1912 ..
睡
Swift International
271
Chinese 5% Crisp Loan..
Chinese 5% Reorg. Loan,
Elec. Bond & Share 35 pf.
Technicolor
18
1913 dn. Is.)
Elec. Bond & Share $6 pf.
68
Texas Corpn.
37&
Chinese 8% Ster, Notes.
Elec. Power & Light $7 pf,
30
Texes Gulf Bulphur
30
1925 (Vickers)
12
July
0/4-11/32 0/4-9/18
Flatkote
221
Trans-America Co
51
Spot
July
0/4-1/2 $8-3/4
Silver Duty Rate
U.S. Dollars
$8-23/32 39
8-15/32 8-7/B
Market: Steady,
Merchant Bates
Sterling
UB. DollarS
Geh. Motors......
Gen: Railway Signal
General Tire & Rubber Co· 24}'
Food Machinery Corp.
33*
20th Cent. Fox.
201
Chin. Imperial Rly. 5%
Loan
40
Gen. American Trans. Gen. Electric
524
20th Cent. Fox. $14 pf.
30
Honan Rly. 5%
387
Union Carbide & Carbon ...
83
481 Union Pacific.......
993
10
United Aircraft
381
Hukuang Rly, 5%, 1911...
Bukuang Rly. 5%. 1911
(German Issue)
æ ཤཱ ཤྩ ཏྲྰཾ སྠཽ ཡཾ སྟཏྟཱ
Union Insurance
26-7/8* Gula Kalimpong Rubber 16/10} Allied Ironfounders ...... 17/6 Asso. & Elec. Industries 40 Austin Motors, ord.
NEW YORK COTTON
Close
Opening
- Closing
Change
October
8.64/65
8.81/60
28/3
Cable & Wireless, New
Form, ord.
4
December January March
8.53/53
8.49/49
8.84/64 8.54/94
01 of
8.40/40
8.386/37a
8.40/40
of up unch
8.32/32
8:30/30
8.32/32
50+
May
8.23/23
8.21/31
8.23/23
B.-A. Tob. (bearer)
82/6
July
8.14/14
8.13/12
8.15/17
Cammell Laird, ord.
7/18
Spot
9.44 N
9.44 N
.03 unch.
Mexican Eagle,
T/T
101
Courtaulds.....
30
NEW YORK RUBBER
Distillers
BEL
Dunlop Rubber
94/101 27/3
July
16.60/64
Gen. Electric (England) 74/3-
September
16,85/65
Guinness (4) Son & Co. 106/6 Hawker Siddeley Airc.... Bristol Aeroplane
December
16.31/72
CLOSE-D
16/9 ·
March
16.75/75
Imperial Chemical Ind.
18/3"
The last notice day for July rubber is 27th.
28/71
Imperial Tobacco
· 131/3.
CHICAGO WHEAT
Marks & Sp'cer "A" ord.
58/41
United Airlines Trans
121
Lung Tsing & U. Hai Rly,
Glidden Co..........
Goodrich (B.F.)..........
19
United Corpn.
21
197
United Corpn. #3 cqm pf. 37
The
was 1/2-1/2d, unchanged yesterday.
Goodrich $5 pf.
Central Bank of China's Goodyear Tire & Co..
rate on London at 10 am, to-day Great Northern Iron Ore
The Equalisation rate was not Greyhound Corpn. quoted.
London Exchange
London. July 22 (BWS).
Closing mean rates were:
New York, 4.68-9/32,
Montreal, 4.68-11/18.
Paris, 176-23/32
Brussels, 27.55) Milan. 89-1/16. Amsterdam, 8.731.
Geneva, 20.744, Berlin, -11.66):
Buenos Aires, 20,19,
€84
United Gas Corpn.
2
32
United Gas Improvement 131
14**
US. Rubber
481
from Great Northern Rly, pfd.
271
U.S. Rubber $8 pfá,
1104
Great Western Sugar
US. Steel
537
191
Vanadium....
244
Hecker Products......
121
Warner Bros. Pict.
5
5% 1913....
Shaf-N'king Rly, 5% 13 Tientsin-Fukow Ely. 5%
(Brit. Std.) Tientsin-Pakow Rly. 3% (German Stpd.)......... Tientsin-Pukow Fly, 5%
(Brit. Stpd: Supl. Loan) 11 Tientsin-Pukow Rly. 6%
སས་བ
Rolls Royce
101/101 July
84/64)
822/628
Leyland Motors
92/9
September
841/642
647/841
63+/63/
Tate & Lyle
62/T
December
66/661
661/661
65/851
ន៏នន
off
off
Turner & Newall..........
78/41.
Friday's sales:-27,743,000 bushels.
United Steel .......
23
14
Smethwick, Drop Forg...
14/9
CHICAGO CORN
Armstrong Stevens, ord. 5/8
Pressed Steel, com,
18/6
Vickers, ord."""..
Woolworths
Anglo-Dutch
18/41 64 22/11
July September December
391/39
387/384
401/401 404/408
397/40
off
417/42
424/421
418/414
Hercules Powder Co.
731
Westinghouse Ziec.
110
Homestake Mining
64
Woodward Iron Cor.
20
Industrial Rayon
271
Chase National Bank
33*
International Harvester Int. Nickel
58+
National City Bank
251*
503
(Cler, Stpd. Supl. Loan)" 11 Jap. 5% Ster: Loan, 1907 291 Jap. 8% Ster. Loan, "1924 331 Ger. 7% Intl. Loan, 1921 334 Chartered Bank
Rub. Plant. Invest. Trust 26/43 Burma Corporation ...... Commonwealth Mining.. Marsman Investments... 14/8
WINNIPEG WHEAT
7/0
July
523/521
511/511
October
528/521
524/521
513/511
of-
61
Randfontein Estates
36/10
December
541/541"
541/541
631/531:
of
*—bid. -
I-ex, div.
HK, & Bhai Bank (Lan.
∙Beg.)gania
Western Holdings
11/41
NEW YORK HIDES
Sub-Nigel i
210
1939
DOW JONES AVERAGE
July 23, 1929.
HK. & Bha! Bank (Cul.
Tanami Gold Mining,
41d.
Reg.)
September
11,69/70
Closed
Anglo-Iranian
75...
High
Low Ikaw Jones Averagos,
154.85 121.44 30 Industrial
34.33: 24.14 10 Baile
29.55
96.52 20.71 20 Utilities
25,53
02.22 87.00 40 Bonda
89.95
July 31, High Low Close 143,48
145.00 143.87 14471 30.30 30.06 30.50 20.00 25.69 26.01.28 up
00.00
Change
Chinese 'Eng. & Mining
December
12.04/04
Burmah
1.25 up
(bearer)
72/6
17/0
NY Silver, Official
34-3/4
.84 up
Chosen Corporation time,
Shell Trans, & Trad.
4/0
Pekin Byndicate
1/8"
(bearer)!
83/9
*Nominal
11 up
Shal Elec, Constr. Co.
22/8
·NY-London Cross Rate 468-1/4
NEW YORK STRAITS TIN
unquoted Waquoted
61.09 45.59 11 Commodity Index 47.60
S'hal Waterworks. “A”,
Other rates were unchanged,
1949
Buenos Done:~~810,000 shares
Beptember
* 48.05b/40%.