T
4
THURSDAY, AUGUST 10, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
$78
60 ats
$900.
$1.95
$185
$67
$14
250
$20
81/20
*
& POT
OCT.-DEC.
JAN.-MARCH
(FROM PAYNE & CO.)
New York, August 8, 1939.
SINGAPORE RUBBER
August 4
buyers
sellers
23-1/2
28-3/4
28-5/8 28-7/8
August 8 buyers sellers
change
28-9/16 28-13/16 ap 1/16 28-3/4 29
28-11/14 28-15/16 28-13/16 29-1/16
up 1/8"
up 1/8
The market opened 1/18 of a cent higher for all deliveries as compared with Friday's closing quotations.
Owing to the fact that London has been closed since last Fri- day the market was lifeless, however New York demand was good.
The Singapore trade is bullish.
The following Statistics have been issued: "
Foreign Imports of Rubber during July 1939-20,052 tons increase 10,485 tona.
Malayan Ocean Shipments for July 1939-46,076 tons increase 14,535 tons.
PAGE 12-HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS London Exchange
AUG.", 1939
On London:-
Telegraphic Transfer. te 19/31 Bank Billa, on demandi/ 19/32 Credits 4 months' sight 1/2 87/39
On Shanghai:-
On demand
London, Aug, 7 (BWS). Closing mean rates, ware: Paris, 176-23/32. Brussels, 27.551. Milan, 89.
Oslo, 19.901
Hongkong, 19, 2-11/16d. Silver Spot, 10-7/8. New York, 456-2/16. - Geneva, 20.741.
Berlin, 11.664.
LONDON METALS
EXCHANGE
London, Aug 8 (Router),
COPPER
buyers
sellers
Standard. Cash 44-3/4 Standard,
||
3 months 44-7/B Electrolytic ... 50-1/4
וי
£
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKKEY" ASSOCIATION
STOCK EXCRANGE
Bayero
WED..."
ть Bal Xominal
AUG..
Exper Bellary Bale Wornina
Banks
LEAD
C.D. 1399 H.K. Banks
44-13/16
44-15/18 81-1/4
#1
Oficial Price 18-3/16 16-1/4 Foreign, Oficial
£77 £7++
644
Do. (Cal Bag-) Do. (Lon. Beg.) £6 Chartered Banks ..... Maresatile Bis. "'" [ătareantila Bu, “g” Bank of East Asia ... N. C. & S. Banks ... Insurances
$200 Canton Insurances $397 Union Insurances
· Underwriters $185 H.K. Fires
Shipping
Steamboat
$37 Douglas
310
$30
530
Indo-Chines
(Prof.)
Indo-China (Dat...
81/10 Shella
$8.10 Waterboats................
Docks, Wharves,.,
Godowns, etc.
" TIN Standard, Cash 229-7/8 Standard,
230
225-3/4
3 months 225-1/2
340
On Singapore:-
On demand
...... $1 3/4
Oq Japari:-
On demand
104
On India
Lisbon, 110).
Ja1 1/4
Forward, 16-9/18.
}
Foreign,
Amsterdam, 8.79),
Telegraphic Transfer.
and demand.....
On New York:~
Bank Bills, on demand #8 7/16 Credits, 60 days' sight y 15/16
Un Batavia:—”
On demand
On Paris;-
........ 53 1/4
Bank Bills, on demand 1073 Credits 4 months' sight 1115
Un Saigon -
Un Manila:-
Montreal, 4.58).
Stockholm, 19.39.
Buenosaires, 20.191.
Warloan, 91-7/8 Other Bates Unchanged.
India Rupee Paper
Bombay. Aug. 8 (Reuter). Govt. 3% Rupee. 97-0-0.
Ordinary,
Official Price 14-9/18 14-5/8 Ordinary. Offeinl „
3 months 14-13/18 14-7/8
Final Afternoon Transactions
Tin, Standard, Cash, £229-7/8 buyers.
110 Shanghai Docks B.
18.30 New Engineerings · B.
Mining
4 cts. Hong Kong Mine
$1320
£74
#$95
DA
***
$1034 H.K. & K. Whacres
$102
3 months 16-1/8
16-3/18
84.30 Providenta
$4.10 $4.90 || $4.25
Providente (@W) ............
SPELTER
$104 H.K.
W. Docks...
$18
Da. (new)
$108 $8.30
16/6 Kailas.....
-15/6
On demand
107
88.40 Raabe
$8.40
B Venezuela Gold Fids
.1.
On demand
37 1/8.
On Bangkok:--
Calcutta Exchange
Lands, Hotels and
On demand
15 1/4
Sterling Notes:-
Calcutta. Aug. 8 (Reuter), T.T. on Japan, 78-1/3.
Tin, Standard. 3 months, £225- 1/2 buyers,
Buildings
$5
H.K. Hotels
834
H.K. Landa
$34)
Bank Buying Rate
1/2 13/18
Da. 4% Debentures 23 $100)
Jar Sliver per oz.
18 7/8
Shanghai Landa
$4
H.K. Realties. .....................
Commonwealth & 8. (ord.)
C'wealth & S. 6% cum pf. Consolidated Edison
Continental. Oll
Corn Products
Curtiss Wright (C.)
Market Report
FROM ROZA BROS.
Silver prices rose yesterday to
the extent of 1/18 for Ready and
NEW YORK STOCK EXCHANGE
QUOTATION
ལྦ : ་
STOCKS
1/8 for Forward, the quotations Adams Express being 16.7/8 and 18.9/16 respec-Alleghany Steel Co. tively. Silver advices reported Allied Stores India as having operated
both Allis Chalmers
ways. América sold. There was Aluminium Ltd some bear covering. The market Amerada Corps.' was steady. American Silver was Amer. Can........ quoted at 34 3/4 for Spot.
Amer, & Foreign Power ... The London-New York erosa- Ameri & Foreign #7 pf.... was quoted at 463.12. New American Gas & Elec York-London. was quoted at 468.- 1/8..
rate
Market
Active. Easier during the early part of the morning but towards the close the market appeared a shade steadier,
Sterling Opened with buyers at 1/211/16 resulting in business later at 1/2. 21/32 for October, September and Cash, Transactions were also ar- ranged at 1/2.19/32 for March and 1/2.9/16 May. At the close there were sellers at 1/2.21/32 August/ September. 1/2.5/8 October/De- cember, 1/2.19 32 January/March and 1/29/16 April, May, buyers at 1/2.11/16 Cash, 1/2-21/32 Novem-
Amer. Locomotive"
Amer. Metals Co.
Amer. Radiator ....
Amer. Rolling Mill Amer. Sting and Ring Co.. Amer. Bugar Bing Amer, Tel, & Tel. Amer. Tobacco *B* Amer. Waterworks Anaconda Copper. Atchison, T. & S. Fe,
Auburn Motors... Baltimore & Ohio |Barber' Asphalt Co
Barnsdall Ol Bendix Aviation Bethlehem Steel Bliss & Co. Boeing Airplane Co. Borg-Warner Biggs M'facturing Brooklyn-M'hattan Trans
ber, 1/3.5/8 March and 1/2.19/323'klyn-M'hattan $6 cum pf.
May.
Canadian Pacific E'way. Case, J.I..
U.S. Dollars
Business
was done
during the
Celanese
Chesapeake & Ohio
early part of the morning at 28 Chrysler Corpn. 9/16 for August delivery.
The Coits Patent Fire-Arms
B.
market closed with sellers at 28 Columbia Gas
1/2 August, 23 7/16 September. Columbia 6 "A" pi... buyers at 28 9716 August and 28 Commersial 1/2 September.
'Shanghai Dollars
Opened with sellers at 373. To Consolidated Olig.. .wards the clase sellers were re-Continental Can
ported at 377.
Shanghai Market
Early advices reported sellera at Curtiss Wright "A" 3.7/8 but towards the close the Deere & Co. market was indicated as
being Distillers Corpn. Seagrams 183 easy with
ouyers at 3.13/16 for Douglas Aircraft 8pot, sellers probably at 3.25/32 Du Pont de Nemours for Spot.
Eagle Hoher Lead
Humphreya...........
$100 Chinese Estates......
Cotton Mills
$18 Ewo (5.)
$18.60
Last Bale
AUG. 9, 1939
Aug. 8
STOCKS
Lust Sale
#130 S'hai Cotions (8.).... $43 Zoong Bings (8.) 46 Wing On Textiles (8.)
Public Utilities
$110
$7.00
SPOT
*
OGT-DEC.
JAN.-MARCH..........
Market steady.
LONDON RUBBER
Previous close buyers
To-day's close sellers buyers sellers 8-1/2 88-9/16 8-1/2 8-9/16 8-1/2 8-5/8 8-9/16 -5/8 8-9/18 · 8-11/16 · 8-5/8 6-11/18
change
unch.
up 1/16
up 1/16
"...
$40 $55
8
17 ft. Tel & Tel.
Aug. 8
$16.70) TramWBYS
$16.70
01
82
Johns Manville ....
72+
87.40 Peak Trams faid) ... 83.70 Poak Trams (Dew)
341
J. & Laughlin Steel $7 pfd.
441*
126
Keanecott Coppe:
361
392
Lakey, Foundry' & 'Mac.
31
Do. (new)
102.
Libbey-Owens-Ford
Gloss
501
165 Star Ferrien ........ Y'mati Ferrine
98.20 China Lights (0)
$7.40 $3.70 #64
$28
6
Lockheed Aircraft
China Lights (New)
$7.90 $8.10 $4.80
241
Chine Lights R
21
Loew's Inc.
433
#531
H.K. Electrica
#531
381
Manhattan Shirt. Co.
---
$IR
Macao Electrics .......
17
Martin Glen L.
32
$12
Sandakan Lights
274
McKesson, Robbins
$22
174"
11
Monsanto Chemical
...... 103
14
Montgomery Ward....
511
A
45
National Cash Register Co. 181
181
at Dairy Products
·171
1681
Nat. Distillers
$14
$13
234
854
National Gypsum ......
11t
113
National Load
21
28-1
Nat. Power & Light
91
284
National Steel Corp.
631
.
$214.
Telephones (old)
37.80 Telephone (Daw}
18:0 Teactiona
91/6 Tractions (pand.)
Industrials
Cald, Macg. (Ord.) 8.
Caki, Macg. (Frel.) 8.
Canton Ione
$12.60 Comenta
$3.7 Bopen *******
Miscellaneous
Dairy Farm (Old)
!!!
329
291.
3211
12
Nat. Supply Corpn.
8
47
New York Central
144
$6.80 Ch. 'tainment
204 Dairy Farm (New)
821.
$8.90
12
Niagara Hudson. Power
78
$1.55 Constructions (old)
$14
Rubber stocks held in the United Kingdom for the week ending August 5 amounted to 55,124 tons being a decline of 1,709 tons..
NEW YORK COTTON
The first Government estimate of this year's "crop of 11,412,000 bales, was about 'as had been expected. This thows a decrease of 580,000 bales as compared with last years production of 12,009,000 balea. There was hedge selling on rains in Oklahoma and Texas. Trade demand was slow, but sentiment on this publictation is mo- derately bullish, we expect eventually high' price.
NEW YORK RUBBER
The market to-day was dull and featureless, with little ac- tivity in either direction. There was some sparse buying by the Trade, but factory Interest was negligible.
CHICAGO WHEAT
Favourable weather conditions are reported in Canada and in a large area of the North American wheat belt. Export business W slow. It is reported that a large surplus of Argentine wheat avail- able for export is, still in evidence. Uncertainty is still to be clarified as to the policy which Argentina will pursue in disposing of her sur- plus and more so, with keen competition from the North American wheat about to increase."
$1 Construotious
13
N. American Aviation
(new)
184.
3174 Lane Crawforda
$74
.241
North American Co.
24%
...Nanyang Tobacco.....
$4
вар
Northern Pacific
9
$1.80 Mincera
81.98
New York Stocks
Previous close
140.76
To-day's
close
Change
141.10
up, 34
11
Owens-Illinois Glass Co.
651
$8.40 Wat
$8
217
Pacific Gas & Elec.
33 Ch. G.8% 19250 $Bds.
331
33%
24
Pacific Lighting-
501
$1021
H.. Gest. 4% Loans
$102
་
-309
H.K. Govt. H% Los
399
218
Packard MotorS
31
841 H.K. Wing On
Hi
127
Paramount Pictures
B'hai Wing On
810
N. Y. Commodity Market
45)
Pennsylvania RR.
171
Vibro Piling
4
Phelps-Dodge...
14/3
Marsmans inv. (Lon.}.
38
Philips Petroleum
4/0
Karamans Inv. (EK)
331
31.
261
Public Bervice of NJ
40%
341
Pullman Inc.
261
801.
Pure Of
.....
64
76 *
Radio Corpa, of Am.
B
71
Reading Company, 1st pidad
871
Remington Arms Co., Inc.
3*
452.
Republic Steel
171
18
[Reynold Tobac, "B"
-40
701
Richfeld Cl
1
33
Safeway Stores
71
Schenley Distillers
124
39
Schenley, 54% pid.
*
201
Bears Roebuck
771
611
Seversky Aircraft
St
Shell Union Oli
11
241
Socony-Vacuuma Oil
111
War Loan, 34% (Red
after 1952)
911 Cantan-K'loon Rly 5% 12 Chinese 44% Gold Loan
4
181
|Southern Pacific
137
1898 (Brit, Issue).
40
Southern Rly $5 pid.
252
Chinese 5% Gold Bonds,
67
Sperry
43+
1925-47........
1804
Standard Brands
Chin. 44% Anglo-French
BL
Stand Gas & Elec........
.21.
Eaton Mig Co.
26
| Standard Oil: of California.
Elec. Autolite
351
Standard Oil of NJ.
41
Shanghai Exchange
Elec: Bond & Share
10
Stone & Welister
121
Elec. Bond & Share $5 pl.
Swift International
27"
Shanghai, Aug 9 (Reuter).
Official T.T. Rates
Elec. Bond & Share $6 pt.
601
Technicolor
151
Elec. Power & Light $7 pf. Funtkote
35
Texas Corpn.
342
Loan, 1908
Chinese 5% Crisp Loan,
1912
Chinese 5% Reorg. Loan,
1913 (Ldn. Is.)
Chinese 8% Ster. Notes,
1925 (Vickers)
191
Texes Gulf Bulphur
284
Opening
Food Machinery Corp.
331*
Landób
0/3-3/4
Trans-Amezica-00,
Chin. Imperial Rly, 6%
Loan
Gen. American Tráns.
50.
20th Cent. FOOL, .......
New York
7-5/16
Japan
28-3/4
Gen. Electric
367
20th Gent. Fóz. #14 pf..
India
20-7/8
Gen. Motors ....
48
Union Carbide 3 Carbon
801
Gen. Railway Bignal.
15
Union PaciaC
971
Paris
2.16
Hongkong
25-3/8
General Tire & Rubber Co žij
| United ‘Aircraft
301
Glidden Co.,
17
United Airlines Trans, 2 12.
Sterling
Open Market Selling Rate
Goodrich $5 pf.
Goodrich (BF)
18
United Compa.......
687
United Corpn. 13 cum. pl. 371
Goodyear Tire & Co.
38
United Gas Corpn.....
Sellers
Great Northern Iron Ore
137
United Gas Improvement, 14)
SporTM
Opening Closing
*/0/3-25/32"
Great Northern Rly, pfa
251
UB. Rubber A
424
ཤཱ༣ ཐ❖ རྫབསྐྱའལབ་བབ་
Wm. Powells
#Sales to Shaaghaf
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, August 8.
· 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 in assumed for errors in transmission.
Union Insurance Gula Kalumpong Rubber 17/6 Allied Ironfounders......· 17/6 Asso. & Elec. Industries 41/3 Austin Motors, ord. 2.... 29/4 Cable & Wireless, New
Form, ord B.-A. Tob. (bearer)
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept.. Chicago Corn, Sept. Winnipeg Wheat, Oct. New York Eldez, Sept,
October December January March
May
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Levy & Company)
Prev. To-day's
High Low
Close Close Change
9,06 8.87
9.01
18.65 - 18.60
637
#34
8.87 14 off
16.66 18,83 .03 off
833 694 off 421 417 42+ 421 unch. 55+ $21 "537 52}B I off $10.95 10.71 10.90
10.7119 off
28
51
July
90/71
Spot
Cammell Laird, ord. ..
7/3
Merican Eagle
Courtaulds
Distillers
7/3
30/8
September
87/41
Dunlop Rubber
December
28/9
Gen. Electric (England) 74/8
March
Guinness. (A) Bon & Co. 100
May
Hawker Siddeley Air..
18
... 16.74/74 ... 18.75b/782_16.73b/784" 16.72/72 16.76 'N unquoted 16.73 N Total sales for the day:-850 tons,
.03 off
NEW YORK COTTON
.Close
Opening
Closing
Change
9.00/01
9.01/01
8.87/87
14. of
8.81/82
8.84/85
8.67/67
15 on
8.88/88
8.71/71
8.53/53
15 off
8.59/50
8.81/60
8.44/44
.15 off..
... 8.45/45
8.15/48.
8.28/28
17 of
8.26/26
6.27/29
8.13/13
9.50 N
NEW
947 N
.13 of
RUBBER
16.66/68 18.68/64
16.83/63
03 of
16.73/72
16.71771'
203 OT
04 off
13 off
Bristol Aeroplane
17/8
Crest Western Bugar
251
1.8. Rubber $8 pfd. .
1081
Aug.
0/3-51/84 0/3-11/16
Greyhound Corpn.
181
08. Steel ...
501
US Dollars
Hocker Products
12.
Vanadium
2
Hercules Powder Co.
75
Spot
Aug.
$7-9/16 $1-3/8
7-13/32
Warner Bros. Pict
41
Honestske Mirting ...........
644
Westinghouse - Mec.
1084
7-3/16
Industrial Rasion
264
Woodward Iron Cor.
Market: Uncertain,
Merchant Rates
Sterling. 0/4-3/4,
US. TRAIRES, 37-5718:17
New York Exchange
New York, Aug 18 (Reuter).
Titelmational Harvester int. Wicker
524
Chase National Bank National City Bank
821"
'f-ex, dir."
Heb Low Dow Jones Avera
18ces Lar. 10 Industrials:
DOW JONES AVERAGE
Ang, 7, High Low Close Change 14076. 101.92:14066 141.1
H.K. & Shai Bank (Ldn.
Reg.) A HK.Bhat Bánk (Col.
744
Honan Fly, 5%
Hukuang Rly. 5%. 1911.
Hukuang Rly." 5%, 1911.
German Issue)
Lung Taing & U, Hai Bly, -5% 1913
shai-N'king Rly, 5% Tientsin-Fukow Rly:: 5%
(Brit. Btpd.) Tentain-Pakow Rly. -5%
(German Stpd.) Tientsin-Pukow 'Bly. 5%
(Brit. Stpd. Supl. Loan). 12 Tientsin-Pukow Rly. 5% 44
Ger, Btpd. Supl. Loan) 12 Jap. 5% Bler, Loan, 1907 30 Jap. 8% Ster. Loan, 1924 "33" Ger. 7% Intl. Loan, 1924 912 Chartered. Bank
B1
Anglo-Dutch
Rub, Plant Invest. Trust 29/6 Burma Corporation 8/1 Commonwealth Mining. Marsman Investmenta... 14/3. Randfontein Estate
Western Holdings Bub Nigel
Imperial Chemical Ind. 29 Imperial Tobacco..... Marks & Ep'cer "A" ord. Rolls-Royce
133/11
September.
'60/3)
101/3
· Décember May
CHICAGO WHEAT.
634/637 63/633 644/841 65/651
634/832
649/644
841/841
647/65.
gee
Leyland Motors
13
Tate & Lyle ............................
Turner & Newall
Monday's sales
-10.999,900
bushels.
62/TI
79/44
CHICAGO CORN
United Steel ́una Smethwick Drop Forg. Armstrong Stevens, ord. 5/9 Pressed Steel, com. Vickers, ord
2319
15
September
-428/421 *42/42}+
421/421
December ...
42/42
411/412
414/417
May
45/45
443/441
18/6
18/11
WINNIPEG WHEAT
Woolworths
85/11
24/101
October...
637/537
531/534
32 B
December May
35/55
551/547
534 B
off 01
$71/67
561 A
A
NEW YORK HIDES-
-37/67
September
10.87/20
10.90b/95% 10.71/71
on
11/3
December de m
11:22/25
11.30/31
200
NY Silver, Offici
34-3/40
11.02/05 43-322
Tanami Gold Mining,
Reg
Aug. 9, 1939,
Anglo-Iranigin
Bd. 73/11
Chinese Eng
Mining
-24,33,- 36,14:20 · Ballz.
8.60
98.45
*** (bekrar) → 29,06 28.70 23.76 50% off Chidren Corp 36.68 28 37 24.55 10 ap Pekin Byndie
15/6
up
Shell
4/6
89/41
81/101
September
1/0
99.98 87.0040: Bonds
89.87
TT on London (Opening Rate),
51.09 25:59 17 Commodity Index 47.45
1.16
4.68-1
Braineme Dons ——450,000 sharOS
NT-London Cross Rate 4.65-1/8
September December
NEW YORK STRAITS TIK
48/70/70 48.350/508. * 48.70/78) NEW YORK COPPER FUTURES
4.08-1/8