PAGE 12-HONGKON
DAILY PRESS
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS | Shanghai Exchange
AUG: 1, 1939
On London:-~~
Telegraphic Transfer. (/9 19/32 Bank Bills, on demand/3 19/38′′ Credits 4 months' sight 1/2 27/32
On Shanghai:-
Shanghai, Aug. 11 (Reuter),
Official T.T. Rates.
Opening
London ..."
0/3-1/4
New York
6-5/16
23-1/8
18-1/8
.. 2.39
22-1/8
Japan
Paris ... Hongkong
104 Opex Market-Selling Rate
SILVER MARKET
"London, Aug. '10 (Reuter).
LONDON SILVER
Silver-Bears covered. Indla bought and sold. Market stendy, In the afternoon, the market was quietly steady, with small buyers at the fixed rate.
Spot, 17d.
Forward, 16-9/184.
NEW YORK SILVER
New York, Aug. 10 (Reuter). Oficial Price, 35-1/8,
BOMBAY SILVER
Bombay, Aug. 10 (Reuter).
£74.
E6
po. (Loo. Heg.)
Chartered Banka
FINANCE
HONGKONG SHARE QUOTATIONS
SHAKERROKIEM·ARHOOLATION
-STOCK EXCHAMER
Beyaz Bellera Balan
MotoSATURDAY THE
AUG.
Banks
£77
C.D.. 1330JH.K. Banks
Do. (Col. Bag.)
gu
Buyere
Balas Komiza
ORDE
*C
!!!!!!
$74.
$1370 1°£77
RETA
*231
60 ota.
$900
$1.95
$395
$185
Shipping
$87
Douglas-
SAY!
$15
Blesin bosta
$15
880
Indo-Chinas
(Prod.)
$50
30
81/10
SATURDAY AUGUST 12, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
"
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
ik
!!.
24 Mercantile Eks. 4 213 |Mercantile Bán: “O”
Bank of Hart - Ásia
$72
N. C. & 8. Banks ....
Insurances
$200 Canton Insurances. $397 Union Insurances...
Underwriters
$163 H.K. Firs
$30
Indo-Chinas (Def)...
81/10) Shell
$8.10 Waterboat.
Docks, Wharves,
Godowns, etc.
$103) H.K. & K. Wharves
On demand .....
340
" India
Ou Singapore:--
On demand
#1 3/4
On Japan:-
On demand
Sterling
On India:-
Sellers
Telegraphic Transfer.
and demand
81 1/4
Spot
Opening 0/3-1/2
Un New York:-
Bank Bills, on demand :8 7/8
Aug.
Closing 0/3-1/4 0/3-13/32 0/3-5/32
$8
Market-Steady.
Offtake 50 bars,
Credits, 60 days' sight 28 15/16
U.S. Dollary
3102
Indian Mint Silver
$1.30 Providenta
$4.30 $4,10
ཤྩ་ཎྜུ ཐྲ
Un Batavia---
Spot
On demarid
63 1/8
Aug,
$5-13/18 $6-5/16
8-21/32
6-1/8
Ready
On Paris:-
Market: Qulet.
་
Sept. 9 Settlement
Oct. 7 Settlement
45-14 45-08 45-02
#18
|16/16)]
Providents (new) H.K. & W. Doaba...
Do. (new)
ai
$18
$16
***
Bank Bulls, on demand 1073 Credits 4 months! sight [113"
Merchant Rates
Un Saigon —-
On demand
Un Manila:-
On demand
On Bangkok-
On demand
Sterling, 0/3-3/8
. US. Dollars, 56-9/16.
13/6
107
37 1/8
LONDON GOLD
London, Aug. 10 (Reuter)
$4
151 1/4
Sterling Notes:-
$110 Shanghai Dooks 8.
86.30 New Engineerings 6.
Mining
Kailans...................
$8.40 Raube
Venezuela Gold Fl
ota, Hong Kong, Mines
Lands. Hotels and
Buildings
H.K. Hotela
$108
.1
WIL
$8.30
13/9
$5.40
Back Buying Rate
... (/9 13/16
Dar Silver per oz.
17
New York, August 10.
28-3/4 29
change up 1/16
unch
mich.
SPOT
OCT.-DEC.
JAN.-MARCH
SINGAPORE RUBBER
August 10 sellers buyers sellers 28-13/18 28-5/8 28-7/8
August 9
buyers
28-9/18
28-3/4
29.
28-13/18-29-1/16 28-13/16 29-1/16
The market opened 1/16 of a cent higher for all deliveries as compared with Wednesday's closing quotations,
Singaporë was quiet but steady throughout the day, with very little interest being displayed.
The Singapore Rubber trade is bullish as they feel that World Production under the present quota will be approximately 81,000 tons, and is consumption estimates are correct stocks will continue to decline throughout this year,
Closing tone was dull,
Market Report
FROM ROZA BROS.
Silver prices rose yesterday to
the extent of 1/8 for Ready and
New York Exchange
New York. Aug. 10 (Reuter). TT on London (Opening Rate), 4.68-1/8.
NEW YORK STOCK EXCHANGE
STOCKS
1/16 for Forward, the quotations Adams Express...... being 17 and 16.9/18 respectively. Alleghany Steel Co Silver advices reported India as Allied Stores having operated both ways. There Allis Chalmers were some hear covering. "The Aluminium Ltd market closed steady with buyersAmerads Corps. at the quoted rate. American Sul-Amer. Can ver was quoted at 35.1/8 for Spot,
The London-New York cross rate was quoted at 468.12. New York-London was quoted at 468.
1/8.
.1
Quiet.
Blacker
Sterling
Amer. & Foreign Power
Some business was done at 1/2. 5/8 for November delivery. The Amer. Tel & Tel". market "closed at 1 p.m. with Amer. Tobacco "B sellers at 1/2.5/8. August/Novem-Amer. Waterworks ber, 1/2.19/32 December/February Anaconda Copper and 1/2.9/16 March/April buyers Atchison, T. & S. Fe. at 1/2.21/32 Cash, 1/2.5/8 Decem-Auburn Mator...
·ber and 1/2.19/32 April.
"U.S. Dollars
Some business
Baltimore & Ohio
Barber Asphalt Co was reported at Barnsdall Oil 28 1/2 for August delivery. The Bendix Aviation market closed at 1 p.m. with sellers Bethlehem Steel
at 28 1/2 August, 28 7716 Septem-Bliss & Co.
ver and probably 28 3/8 October, Boeing Airplane Co. buyers at 28 9/16 Cash, 28 1/2 first Borg-Warner hall September and 28 7/15 prob- Biggs M'facturing ably first half October.
Shanghai Dollars
Opened with sellers at 405 but towards lunch time sellers were
quoted at 422.
Shanghaq Market
Chrysler Corpo.
Opened nominal at 3.112 but Colts Patent Fire-Arins ...
subsequently the market weakaned
and towards lunch time " sellers were quoted at 3.11/32 for Spot.
Afternoon Market The market was quiet in the afternoon but towards the close eased off.
Columbia Gas & M.
QUOTATION
Lust Sule
Aug 10
J & Laughlin Steel $7 pfd.
Kennecott Copper
Lakey Foundry & Mac::
Libbey-Owens-Ford
Glass
4*
Bar Gold, Fine per oz., 148/6). Dollar Parity, id. premium.
$4.80
#5
$343
HK. Lands..........
834)
par
Do. 4% Debankxirus *.
Par
#8
#1
H.E. Realties
:
Shanghai Lands 8.
Humphreys
$100 Chinese Estates
Cotton-Mills
$18+ Ew (8.)
#10 S'hai Cottons (8)
$43 Zoong Sings (8.)
$481 Wing Ou Textiles (8)
Public Utilities
$7.40 Peak Trazza (old)
SPOT
$80
$16.70 Tramways
$18.70
$3.70 Peak Trams (new)
$66
Star Ferri
$7.40* $3,70 $34
$22
Y'mati Ferries
$32
Do. (new)
$7.90
IN
Chias Lights (0)
$7.80
$4.90 China Lights (New)
China Lights Et
$4.80
$83) H.K. Electrics
354
$18
$12
$22
Maczo Bacion Sandakan Lights Telephones (old)
329
$7.69 Telephones (DW)
071
fran
$7.90
OCT-DEC. JAN.-MARCH
*********** 8-5/8
Market steady but quiet,
$18.60
$110
$40
change
To-day's close. buyers
buyers sellers 8-9/16 8-5/8 8-1/2 8-5/8 off 1/16
f
8-9/18" 8-5/8 8-1/2
8-11/16 8-9/16
NEW YORK COTTON
8-5/3
8-11/18
The market was dull and quiet induenced by the weakness on Wall Street. Liquidation was easily absorbed en better cables from abroad. A further talk of higher mill wages, such as agitation to increase the minimum wage from its present level of 25 cents an hour to 30 or 32 cents an hour, should give a considerable impetus to gray-goods sales. "Antomatically increased, wages should be re- flected in higher prices for goods. Therefore a large anticipatory buying may be forthcoming before higher wage are instituted.
NEW YORK RUBBER
After opening steady, prices declined on switching, unencourag- ing cables from London and Singapore zrid liquidation.
"CHICAGO WHEAT
While trading interest is dull. prices have been fairly firm, "re-" flecting better advices from the Argentine and reports of firmness on the Liverpool. In Canadian market, keen competitions are in- tensified... Government crop estimate as of August 1 places winter wheat at 551,000,000 bushels and spring wheat at 181.000.000 bushels, 812.80 making a total of indicated prodution of 732,000,000 bushels.com- $3.70
pared with the official, estimate placing a total of 716,700,000 bushels a month ago. This publication is about as expected. The official estimate on Com places 2,450,000,000 bushels, compared with 2,570,- 000,000 bushels a month ago..
LONDON RUBBER
Previous close
sellers.
Manhattan Shirt Co
Montgomery Ward
National Cash Register Co.
at. Dairy Products
Nat. Distillers ......
National Gypsum
|National Load
Niagara Hudson Power
N. American Aviation ......
Northern Pacife
Owens-linols Glass Co.
Pacific Gas & Elec. ....
Packard Motors.
Paramount Pictures
Pennsylvania R.R.
Reading Company, 1st pfd
17
ཙཀཏབྷསྶ,།བྷོཎྜäའཕྱོ་ཨྰཿགྲོཊ1Rཨོཨྰཿཙུཨཱཨཏྠཾབྷོ ཙ ཿསྔོཚནྡབྷནྡ་ྒུ་ཝུཙ*་ྤུཅུཙྪ38 ཿཀྰ1བྷཏྟཝཊྛཡཨྰཿཎྜཾ །äཝནྡྷཨྰཿཀྐནྟཾ
Last Sale
Aug. 10
AUG. 11. 1939
STOCKS
7
161
Int. Tel. & Tel.
3
Johna Manville
##
34
120
80
98/
21
Lockheed Aircraft
Ameri & Foreign #1 pt....
204
Loew's Inc.
American Gas & Héc
371
Amer. Locomotive
161
Martin, Glen L.
Amer. Metals Co. A
27
McKesson, Robbins
Amer. Radiator
11
Monsanto Chemical
Amer. Rolling Mili
137
Amer, S'ting and R'ing Co. Amer. Sugar Ring
423
11
20/0 Trections
22/ Tractions (praf.)
161
1331
831
11
243
Nat. Power & Light
Industrials
814
Cald, Ming. (Ord.). S.
$18
Caid., Macg (Fref.) 8. Craton Loom
81
$12.60 Camsats
26
National Steel Corp
14
Nat. Supply Corpn.
43
New York Central
121
127
$1
| Constructiona
231
| North American Co. .....
59
10
21
23"
Pacific Lighting
$3,70 Bopes
$21 12
Miscellaneous
Dairy Farm (Old) Dairy Faran (New)
$6.90 Ch. E'tainmenta
$1.55 Constructions,"
Lane Crawforda
Nanyang Tobacco
$1.80 Singers unm
$8.40 Watsons
33. Ch. G.5% 19250 #Bda.
30+
Brooklyn-M'hattan Tranɛ.
12
'klyn-M'hattan $8 cum pf: Canadian Pacide R'way.
43
4
Phelps-Dodge
Case, J.I.
72
Phillips Petroleum
Celanese
252
Public Service of N.J.
H.E. Gort. 4% Loans
$108
H.K. Gort. 31% Loss
399
841.
H.K. Wing On
841
het Wing Qu
910
181
Vibro. Piling
$8
14/9
Maramana Inv. (L.)
4/0
Marsmana Inv. (H.K.)
Wm. Powella
$20
$8.90
(old)
$14.
(new)
87*
$4
New York Stocks,
$1.98
39°1.
||
Previous
close
139.75
To-day's "
close. Change 137.23 off 2.53
N. Y. Commodity Market
(By Courtesy of Mesara, Swan, Culbertson & Fritz and S. E. Lary & Company)
Chesapeake & Ohlu
33.
Pullman Inc.
78
Pure QIL
74 *
Radio Corpn. of Am,
72
k
LONDON
اد
Columbla 6% “A” pf.
871
Remington Armiş Co., Inc.
American Cyanamid B Commercial
271
Republic "Steel
457
Reynold Tobac. “B”
(REUTER'S SKEVICK)
13
Commonwealth & 8. (ord); C'wealth & S. 8 cum pt. Consolidated Edison Consolidated Oil Continental Car Continental on .. Com Producta Curtiss Wright (C)
14
Richfeld On
69
Safeway Storea
32;
Schenley Distillery
7
Bales to Shanghai
STOCK EXCHANGE
London, August 10. The following quotations are the middle prices at the close of the market in London. All quotations are sübject to confirms- tion and no responsibility is assumed for errors in transmission.
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Com, Sept. Winnipeg Wheat, Oct." New York Hides, Eept,
18.52
16.64
Prev. To-day's High Low Close Close Change
8.96 8.88 8.93
8,92 101 off 16.68
16,52 12 off 85
831 638 641 7 up 434 421 42 424 up
534 522 527 524 +. off 10.45 10.44 10.57B 10.45 32 of
NEW YORK COTTON
381
Sears Roebuck
£
201
Severaky Aircraft
Close Opening
Closing
Change
61
Shell Union Oil
War Loan, 3}% (Red
after 1052)
917
5
Socony-Vacuum Of
Curtiss Wright "A" Deere & Co. Distillers Corpn. Seagrams
Canton-K'lóon Rly. 5%
12
248
Southern Pacific
Chinese 4% Gold Loan
181
18
Sperry
1888 (Brit. Issue) 40 Chinese 5% Gold Bonds,
Union Insurance Gula Kalumpang Rubber 18/1 Allied Ironfounders
17/8 Asso. & Féc. Industriea. 41/3 Austin Motors, ord.
12
October
8.93/93
8.96/96
8.92/92
.01 off
December
8.7373
8.78/77
8.72/72
.01 off
29/41
January March
8.81/61
8,84b/660
8.59 N.
.02 of
8.50/50
8.54/54..
8.51/51
01. up
Cable & Wireless, New
May
8.34/35
8.39/39
8.32/32
.03 off
677
Du Pont de Nemours Eagle Picher Lead
1573
Stand Gas & Elec. La at,
BZ
1925-47
Chin. 44% Anglo-French
Loan, 1908
Form, ord.issures B.-A. Tob. (bearer)
501
July
BD/41
Spot
8.18/18 8.21/21 9.53 N
8.16/16
02 off
947 N
.00 off
Cammell Laird, ord.
7/11
241
Chinese 5% Crisp Loan,
Mexican Eagle
NEW YORK RÜBBER
7/1
341
Stone & Webster
.1912
181
Courtaulds
30/3
મ
Swift International
Chinese 5% Reorg. Loan;
Distillers
96/6
Elec. Bond & Share $5 pl.
Technicolor
1913 (Ldn. Ix)
281
Dunlop Rubber
28/6
Elec. Bond & Share $6 pl.
673
Texas Corpn.
Chinese 8% Ster. Notes,
331
Texes Gulf Bulphur
Flintkote
19
Trans-America Co. ·
Chin.
Food Machinery Corp.
33
20th Cent, Fox.
Gen. American Trans
481
20th Cent. FOX S1J pl.
Gen. Electric........
351
47
Union Paciic
Gen. Railway Signal
151
United · Aircraft
17/71 Imperial Chemical Ind. 29/41 Imperial -Tobacco Marks & Sp'cer "A" ord. 59/9. Rolls Royce
Gen. Electric (England), 74/3" Guinness (A) Son & Co. 99. Hawker Siddeley Airc... 16/3 Bristol Aeroplane.
September.... December March May
18.70b/75a Total sales for the day?-1,570 tons.
16.64/84
16.64/64
16.52/52
.12 oc
18.72/74
16.70b/74
18.59/59
16.74/74
16.71/71
16.60/60
... 16.75/75
16.61 N
.15 off .14 .14 off
133/11
September December
May
101/3
General Tire & Rubber Co 201
United Airlines Trans
| Leyland" Motors'
92/8
Glidden Co
United Corpn.
Taco & Lyle
62/71
CHICAGO WHEAT
€31/631 .632/637 84/84) 64/641 647/642 Wednesday's sales:-8,459,000 bushels.
CHICAGO COEN
641/041
641/04
*651/85+
BB
Goodrich (BF)
191
United Corpn. 33 cum. pf." 37} \
Turner & Newall
29/11:
Goodrich $5 pl............
687
United Gas Corpa, .......iii.
United Steel jumanna
23/9
September December:
421/421 421/42
421/424
Goodyear Tire & Co.
27
Great Northern Iron Ore
134
UA. Rubber
Great Northern Riy, pid Great Western. Sugar Greyhound Corpn. Hecker Products, ...
24
171
Vanadium *:
Hercules Powder Co., Homestake Mining .. Industrial Rayon
721
641
United Gas Improvement 142
0.8, Rubber $8 pfd.
26 UA. Steet
114 Warner Bros. Pict....
Westinghouse Hec.
Woodward Iron Cor.,
Smethwick Drop FOL. 15
Armstrong Stevens, ord: 5/9
May
... 413/418 444/441
411/414-
··417/42......
442/443
1081
Pressed Steel, coma.
18/6
WINNIPEG WHEAT
Vickers, ord.
Woolworths
17/104 66
Anglo-Dutch
25/3
241
International Harvester
51
Chase National Bank National City Bank
-31**
Jap. 6% Bter. Loan, 1924. 324
244*
Ger, 7% Intl. Loan, 1824 314
Int. Nickel
49
Chartered Bank
81
HK. & Stai Bark” Län.
bid.
Reg.)
DOW JONES AVERAGE
H & Shai Bank (Cu).
Rub. Plant. Invest. Trust 29/9 Burma Corporation... 8/3 Commonwealth Mining.. Marsman Investments... 14/3 Randfontein Estates Western Holdings .. Sub-Nigel
October December May
521/521
#63/524
528/821
541/541
54/54)
532/531
57 B
57/57:
NEW YORK HIDES
September
10.57 B
30/10)
December
10.88/91.
10.44/44 10,80/80-
--10.45/45
10,80/80
11/3
NY Sliver, Oficial
34-3/4
218/9
NY-Landon Cross Rate 4.58-1/8"
35-1/8 4.88-1/8
Tanami Gold Mining,
1939
ug. 17, 1929
15485 121.44 30: Industrials
129,70
*34.33 -- 24.14. 10 Rafia
2858
| 8787_) 20.71 | | 30 Unilikues
26.33
92,23":87.0640,|| Bonda se
89.97
High Low Dow Jones Averages, Aug. 9, High Low Close Change
| 25,31 – 27,80 | | 26.00 -- 56 off | Chosen Corporation
29.91 25.63 25.8845 oz Pekin Byndic
189.810 off ghal media
139.83 136.09′ 177.33.32,52 02
Chinese Eng & Mining
thearer
Angio-Iranian
6d. $72/6
Burmah
69/41
•September
NEW YORK STRAITS" TIN
48.83/65 48.35752 48.65/85
unci
13/6
Shell Trans
(beszer)
Nominal
5109 45.59 11 Commodity Index
47.15
47.14010 Shal Water
to 20
Business Dome—700,000 shares
YORK COPPER FUTURES
December September
9.18/18 9.10/10
9.10/10
9,16/17
9.03/03 9.10/10
Sterling Business 'was done at 1/2.5/8 for November, October, September and August. The market closed with sellers at 1/2.5/8 Cash, 1/2.18/32 August/Janibary and 1/29/16 February/April, buyers at 1/2.21/32 Cash, 1/2.5/8 October and 1/2.19/32 Douglas Aircraft February.
|| 4
U.S. Dollars
#
Business was done at 28 1/2 for Eaton Mfg. Co. the first half of September, August Elec. Autolite and Cash. The market closed with probable sellers at 28 1/2 Cash, 28
Elec, Bond & Share
7/16 August and 23 3/8 September. buyers at 28 1/2. August and prob- Elec. Power & Light $7 pf. ably 28 7/16 September,
Shanghai Dollars.
Nominal at 440.
Shanghai Market,
Cloned at 3.1/4 sellers for Spot. The lowest rate reported was 3.7/32 Lor Spot..
India Rupee Paper
Bombay, Aug. 10 (Reuter). Govt. 31% Rupee. 97-08-0.
Calcutta Exchange
·Calcutta, Aug. 10 (Reuter). T.T. on Japan, 78-1/2.
London Exchange
London, Aug. 10 (BWB),
Closing mean rates were —
Paris, 176-23732,"
New York, 4,8B).
Montreal, 4.683.
Brussels. 27.553 --:
Geneva, 20.724. Amsterdam; 8,77:
*** Milan," 80,02%
Berlin, 11.684. Buenos Aires, 20,19,
Other Rates Unchanged.
Gen. Motors......
Schenley, 54% pfd.
Southern Rly 35 pfd. /
Standard Brands
Standard Oil of California
Standard Oil of MJ.
Union Carbide & Carbon .
· 1925 (Vickers)
Imperial Rly. 5% Loan ........
Honan Rly. 5%...... Hukuang Rly. 5%, 1911... 13 Bukuang Rly. 6%, 1911
(German Issue)
Lung Taing & U. Hai Rly.
5% 1913. Shải-Ning Rly. 5%....... Tieftain-Pukow Rly, 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
(German 8tpd.) Tientsin-Pukow Ely, 5%...... (Brit. Stpd. Supl. Loan) Tientsin-Pukow Ely, 5%
(Ger, 8tpd. Supl Loan) 12 Jap. 5% Ster. Loan, 1907 201