PAGE 12-HONGKONG DAILY PRESS
MONEY AND
KWANGTUNG HONGKONG
"EXCHANGE FINANCE
CLOSING QUOTATIONS UNAFFECTED
AUG. 21, 1939
On London:-
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHARKEROKIES ABSOCIATION
BRIT
Bellera
MONDAY 21.
Sureret Bellers
Balan
Mondon
on Monday, August 21, 1939, Cements ...
100
$12.75
100
20.00
18
19.00
500
4.15
-UB. $150 at 30% 10,000 0:21
SLUMP IN CHINESE y Farms (0)
Dairy Farms (N)
Telegraphic Transter. 1/8 193: | NATIONAL DOLLAR Providents
Bank Billa, on demand!/ 19/32 Credits 4 months' sight 1/2 87/32
On Shanghai:--
On demand
ать
On Singapore:—
On demand
51 3/4...
On Japan:-
Ou demand
104
On India.
Telegraphic Transfer.
and demand
On New York:-
81 1/4
Bank Bills, on demand 28 7/18 Credits, 60 days' sight 98/15/18:
Un Batavia :--
On demand
02 3/4
On Paris-
Bank Bills, on demand 1373 Credits 4 months' sight 1115
Un Saigon ***
On demand
Un Manila: --
On demand
On Bangkok-
On demand
108 3/4
57 1/8
152 1/4
Sterung Notes:-
Bank Buying Rate
Bar Silver per o
13/16 17 1/8
Market Report
FROM ROZA BROS.
for
Silver prices rose over the week- end to the extent of 1/16 Ready and 1/8 for Forward, the quotations being 17.1/8
and 16. 15/16 respectively. Silver advices reported India and Speculators as
(From Our Own Correspondent)
SHAOKWAN, Aug. 19.-The stump of the Chinese national dollar does not affect Kwang- kung finance, as cost of living in this province has not risen higher in occupled areas as in Shanghai.
The provincial currency is slightly higher than the na- dollar, whose normal tional value is equivalent "to $1.44 provincial currency. While this. may be attributed to Japanese bay provincial attempts to notes, their stability is due to their limited circulation,
1925 Gold Dollar
Bonds Itogonk
The war of resistance is not hit by the depreciation of the national dollar, because Chungking can grant foreign exchange at the official rate of seven pence a dol- lar for necessary purchases such suficient are arms. There By ammunition and other essentials for the present need, while future purchases will be covered by allver reserves abroad.
The Japanese in the occupied areas are also hit by the deprecia- the Chinese MUITONLY
The harvest this year is exception "of tionally good, and there will be which they get by selling goods. less demand for imported rice. If the value of the dollar is raised Farmers are benefited by the fine by the Chinese, authorities, the will reap 'a benefit crops, although they are subject to Japanese
China is better off, because she much harassing by Japanese war-
does not depend on exports and planes.
has long term credits, while Japan is just the other way, it is pointed out here. Hence China is better prepared for a long-term war and bitter economic struggle.
BALANCED BUDGET Provincial currency is sound, as has the Treasury Department balanced Its budget: All unneces- sary Imports have been reduced.
NEW YORK STOCK EXCHANGE QUOTATION
STOCKS
having bought to a small extent. Adams Express The market was steady. The American market was unquotes.
The London/New_York" "cross- rate was quoted at 488.13.
Market
Opened unchanged but later the tone appeared caster" owing to some demand.
Sterling
Business was done during the 'course of the morning at 1/29/16 Ier May followed subsequently by transactions at 1/2.19/32 tor February delivery. Later offers at 1/2.5/8 were accepted for October. September and Cash and 1/2.19/32 was also done for January delivery.
The market closed at 1 p.m. with sellers at 1/2.19/32 August/Sep- tember, 1/29/16 October/January and 1/2.17/32 February/May, buy- ers at 1/2.5/8 Cash, 1/2.19/32 January and 1/29/18 May.
..
Allis Chalmers
Amer, Sting and R'ing Co.. Amer. Sugar Ring Amer. Tel. & Tel.
Amer, Tobacco "B" Amer. Waterworks ..... Anaconda Copper
Atchison. T. & S. Fe.
Auburn Motors... Baltimore & Ohio Barber Asphalt Oc Barnsdall Oil Sendix Aviation Bethlehem Steel Bliss & Co.
Boeing Airplane Co. Borg-Warner, Biggs M'facturing Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pl. Canadian Pacific R'way. Case. JI.
1.S. Dollars Business was done during the course of the morning at 28 1/2 for cash and 28 7/16 September. The market closed at 1 pm, with sellers at 28/18 August, 28 3/8 September and 23 5/16 October. buyers at 1/16 higher respectively. Shanghai Dollarn Business was done during the course of the morning at 425, 424 and 422 Towards lunch time sellers were quoted at 415.
·· Shanghai Market. Opened with buyers at 3.13/32. Subsequently the market armed Columbia Gas & E.
up to 3.15/32 and towards lunch time sellers were quoted at 3.29/64
for Spot Steady.,
98
#13
*::*
#!
**
;:དི༔:;
34.15
AUG.
Baske
$1955 H.K. Banka £76 Da (Col Bag.) "The Loo Bog) Chartered Banka ..... 594 Marcantile, Bka. “4"
£61
213 Marcantile Bka, “C” $79 Bank of East Asia ........ N. C. & B. Beaks... Insurances
$200 Cantos Insurances ... $380 Union Insuradors [Underwriter
#11
$10 HK Fles
$47
$40
$30
81/6
"Shipping
Dougla Steamboats
Indo-Chinse
(Prof.
Indo-Chinas (Dal)...
[Bhalla
$8.10 Waterbosta
Docks, Wharves,
Godowns, etc.
$1034] H.K. & K. Wharven | $102
|Providenta
Providante (new)
7510
$18 EE. & W. Dooks...
Do. (new)
a110 Shanghai Dooks 8.
$8 Now Engineerings: 6.
Mining
12/dKain ....................
**
40 Raube
Venezuela Gold Fide
4 cta. Hong Kong Mines ....
$96
|Lands, Hotels and Bulidings
H.K." Hotels
:
09$
Or tr
WITTLE !!!
i
****
#1955
245
TUESDAY, AUGUST 22. 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
£12
$12
50 ots
COMMODITY
3900
$380
387
$18
$20
89/6
MARKET REVIEW
(FROM PAYNE & CO.)
SPOT
$4.13
OCT./DEC.
$161
JAN./MARCH
$100
$8.30
13/6
$.40
34
New York. Aug. 19.
SINGAPORE RUBBER
August 18:
buyers" sellers
August 19 buyers sellers
chinoge
28-8/15 28-13/18 28-5/8 28-7/8 Up 1/16
23-3/4 29
23-3, 4 29
28-3/4 29
28-3/4 29
unch.
The market opened 3/18 of a cent higher for all deliveries, as compared with Friday's closing quotations.
Firmer advices from London and New York failed to stimulate the Singapore market.
"London reports very good demand for spots
Business was transacted for January/March at 29-9/16. "Singapore continues to be very difficult market to operate on due to the reluctance of the trade to do business in forward de- liveries.
Closing tone was "quiet
LONDON RUBBER
Previous close To-day's close buyers sellers buyers sellers 8-11/14 8-13/16
8-5/3 8-3/4
Closed
change
$4,50
#33 H.K. Landa ..........
$321
par
Do. 1% Debentures
$100
$7.90 Shanghai Lazda 8.
H.K. Reities ..........
#s Humphreys
$7.90
$18.80 S POT
$110
OCT./DEC,
.:
$40
JAN./MARCH
"Market closed.
#!:
$16.10
"B7 40 $3.70
Bax
*ER
$7.85 $7.80
$4,80
*
#54
Market closed.
3214
37
29/
Chinese Estates
Cotton Mills
$18'70 Ewn (S.)
120 S'hal Cottons (8.) $43 Zoong Sings (8.)
$48 Wing On Textiles (S.)
Public Utilities
$16.20 TramWAJE
$1.40 Peak Trams fold)
$3.70 Peak Tráma (now)
$63) Star Forries
mati Ferries
Do. (0)
Chins Lights (U)
4.00 China Lights (New)
China Lights Rts.
$642 H.K. Electric
Macao Electrck=
Sandakan Lights Telephone (old)
87.60 Telephones (bew)
L
Cald., Macg. (Fred.) 8. Canton Ioen ******** Cementa
$3.70 Ropes
Miscellaneous
$21 Dairy Farm (Old)
$191 Dairy Farm (New) $0.90 Ch. E'tainmenta
$1.55 Constructions
ConstructionE
Lane Crawfords
Nanyang Tobacco.
Ch. G.5% 19250 $8da.
$1024 H. Govt. 1% Loans
**
NEW YORK COTTON
Moderate buying by the Trade furnished, demand which was off- set by increased hedge-selling. There was not much change in the favourable weather conditions. Advices from Bombay indicating an insufficiency of rain and severe drought in" many of the main producing areas, had no effect on this market.
NEW YORK RUBBER
"
CHICAGO WHEAT
Prices advanced on improved demand, coupled with reports of good exports. The strength of cash wheat, was a continued sub- staining influence. Trading, however, was somewhat restricted. with some operators remaining on the side-lines pending clarifica- tion of the situation in Europe.
#1
$12.80
$3.80
$20
$zu
New York Stocks
$6.90
(old)
L
(new)
$74
$4
81.08
$73 33%
$104
H.K. Govt. 3% Low
$99
841
H.K. Wing Oa
s'hat Wing On....
$10
18
Vibro Piling
14.0 Marsmans Inv. (Lon.)
4/0
Marsmans Inv. (ELK.)
Wa. Powella
*Sales to Shanghai
Last Sale
AUGUST 20, 1939.
Aug. 19
STOCKS
Last sale
8-5/8 8-3/4
ལྤ ·་,
-Aug, 19
Alleghany Steel Co.
151
Int. Tel. & Tel.
51
Allied Stores
B1
Johns Manville
65
313
[J. & Laughlin Steel $7 pid
43*
Aluminium Ltd
114*
Kennecott Copper
34
Amerada Corps. Amer. Cen
Lakey Foundry & Mac.
31
Libbey-Owens-Ford
Glass
47+
$7.80
American Cyanamid B Amer, & Foreign Power "Ameri & Foreign $7 pf.... American Gas & Elec Amer. Locomotive Amer, Metals Co. Amer. Radiator.... Amer, Rolling Mill
271
Lockheed Aircraft
22
Loew's Inc.
413
182
Manhattan Shirt Co.....
121
361
Martin, Glen L
291
BIH
15
McKesson, Robbins
#18
17
$22
27
Monsanto Chemical .........
987
101
Montgomery Ward
48
198
Tractions
33%
National Cash Register Co.
17
32/
Tractions (prof.)
·431
at. Dairy Products
161
Industrials
Nat. Distiller
231
814
Cald., Macg. (Ord.)'§.
1
$15
1624
National Gypsum
101
#1
National Load
201
10
Nat. Power & Light
|127/80
82.
231
National Steel Corp.
601
241
Nat. Supply Corpn......
74
New York Central....
Previous „To-day's
close
close
135.54
Change 135.11 OF 43
13
41
Niagara Hudson Power
+4
11+
N. American Aviation
15
12
North American Co.
227
371
23
Northern Pacific
561
Owens-linois Glass. Co.
632
31.80 Bincares
Pacine Gas & Elec.
334
$7.90
Watrous
N. Y. Commodity Market
19
Pacific Lighting
33
481
23
Packard" Motors
31
19+
Paramount Pictures
&1
111
Pennsylvania R.RE
161
425
| Phelps-Dodge
371
37
Phillips Petroleum
321
601
Public Service of NJ.
392
path.
******
244
Pullman Inc.
Celanese
Chesapeake & Ohio Chrysler Corpn.
324
Pare O.......
.79
Radio Corpn. of Am. ...
Colts Patent Fire-Arms
75 *
Reading Company, 1st pid
7
Remington Arms Co., Inc,
LONDON
STOCK EXCHANGE
Columbia 6% "A" pi.
831
Republic Steel ....
151
Reynold Toba£. "B"
381
(BEUTRE'S SERVICE),
(By Courtesy of Messrs. Swan, Culbertson & Fritz, and 8. E. Levy & Company)
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept, Winnipeg Wheat, Oct. New York Hides. Sept.
High Low
Prev. To-day's
Close Close Change
8,70 8.72 8.77 8.72 05 off
671 431 43. 521517
16.67
881 601
.closed
+
67
1 up
43
437
up
51#
522
1. up
9.88
closed
1
Commercial
Commonwealth & 8. (ord)
1j
Richfield O
71
Landen, Angust 19...
NEW YORK COTTON
69
Safeway Btores
42
C'wealth & S. % cum pr.
Consolidated Edison
301
Schenley Distillers
117
Schenley, 54% prd:
72
Consolidated. Oll
The following quotations are the middle prices at the clans of the market in London. All quotations are subject to confirma- tion and no responsiblilty is assumed for errors in transmission.
Close
Opening
Closing
וי
Change
39
Beara Roebuck
751
£
£
201
Seversky Aircraft
3
591
Shell Union:Oll .....
101
War Loan, 31% (Red
after 1952)
41
Socony-Vacuum oli
21
231
Southern Pacife
121
911 Canton-Kloon Bly. 5% 12 Chinese 41% Gold Loan, -
171
Bouthern Rly $5 pfd.
2222
161 Sperry
40
1898 (Brit. Issue)...... Chinese 5% Gold Bonds,
39
Union Insurance
22 Gula Kainmpong Rubber 17/6 Allied Ironfounders Asso. dec. Industries. 40/6 Austin Motors, ord. 29/3 Cable & Wireless, New
."
17/44
October December January March May
8.77/71
8.78/79
8.72/72
05 of
8.50/80
8.81/62
8.57/57
03 of
8.47 N
8.47/47
8.44 N
.03 04
8.40/40
8.41/41
8.38/38
.02 off
8.24/24
6.25b
8.23/23
.01 of
July
8.08/08
8.10/10
8.07/07
.01" off
Spot
232 N
9.22 N
10 of
B41
Standard Brands
6
1925-47
33
Form, ord.
51
NEW YORK BUBBLE
156
Stand Gas & Elec.
2
Chin. 44% Anglo-French
B-A. Tob. (bearer)
88/9
81
Standard Oll of California
25
Loaz, 1908
38
Cammell Laird, ord. .. .. 7/14
September
16.67/67
241
Standard Oil of N.J.
391
Chinese 5% Crisp Loan,
Mexican Eagle
December
18.63/65a
CLOSED
331
Stone & Webster
10%
1912
-18
Courtaulds
29/71
March
10.640/60a
8#
Swift International
204
Chinese 5% Reorg. Loan,
Distillera
95/6
Elec. Band & Share $5 pr. Elec. Bond & Share $6 pf.
Technicolor
154
1913 (Ldn. Is.).
27-1/2
Dunlop Rubber
May
16.666/670
27/9
674
Texas Corpn.
341
Chinese 8% Ster. Notes.
Gen." Electric (England) 74/3
CHICAGO WHEAT
Elec. Power & Light $7 pf. Fintkote
301
Texes Gulf Bulphur
28
1025 (Vickers)
9
Guinness (A) Bon & Co. "09
18
Trans-Aiberica. Co, ..
5
Chin. Imperial Rly. 5%
Hawker Siddeley Airc.... 18/1
quoted
Food Machinery Corp.
321*
20th Cent. Fax.
13
"Coar
43
Bristol Aeroplane
17/41
Gen. American Trans. ...............
47
20th Cent, Fox. siż pf.
Bonan Fly 5%
12
Gen. "Electric"...
341
Union Carbide & Carbon
707
Hukuang Rly. 5%. 1911... 13
imperial Chemical Ind. 29/7 Imperial. Tobacco
September December
88/861
881/661
67/67
65+/651
651/657
MayTM
*65+/851
861/661 664/661
130/7/
Gen. Motora ».
448
Union Pacific
04
Bukuang Rly.5% 1911
15
United Aircraft
344
12
Marks & Sp'cer "A" ord. 59/6 Rolls Royce
Friday's sales:-9,856,000 bushels.
103/9
General Tire & Rubber Co 197
United Airlines Trans, in
101
Long Tsing & U. Hai Rly.
| Leyland Motors
CHICAGO CORN
Glidden Co.
United Corpn.....
27
5% 1913
Tate & Lyle
62/6
Opening
19 United Corpn. #3 cum pf.
United Gas Corpn.
369
S'hai-N'king Rly: 5% 13
Turner & Newall
***** 19/4/
September December
8-5/16-
Goodyear Tire & Co..
251
United Gas Improvement 137
Tientain-Pukow Riy. 5%
(Brit. Stpd.).
United Steel
23/9
May
427/45 43+/431 428/424 42+/424 424/421 45/461
431/431
451/451
Smethwick Drop Forg...
15/-
23-1/8
Great Northern Iron Ore
13#
US. Rubber
*394
18-1/6
Great Northern Ely, pfd.
22
U.8. Rubber $8 pid.
1071
2.39
Great Western Sugar
244
US. Steel
451
..../22-1/8
Greyhound Corpn.
171
| Vanadium"
21
Hecker Products
111"
Warner Bros. Pict.
Hercules Powder Co.
72 *
Westinghouse Elec,
10040
Homestake Mining
637
Woodward Iron Cor.
174*
Industrial Rayon
22*
Chase National Berk
314*
Spot
Aug.
International Harvester Int.. Nickel
511
National City Bank
241
Tientsin-Pukow Rły, 5%
(German Stpd.). Tentain-Pukow Rly, 5%"
(Brit. Stpd. Supl Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Sapi. Loan) 13 Jap. 5% Ster. Loan, 1907 301 Jap. 5% Ster Loan, 1924 33) Cher. 7% Intl Loan, 1924 301 Chartered Bank (
Armstrong Stevens, ord.
5/9
12
Pressed Etsel, com
18/T
Vickers, ord
- 17/74
12
Woolworths.
65/14
Anglo-Dutch
October December May
WINNIPEG. WHEAT
517/513 51/524 53/53
53/531
52/524
531/534
5612
57 A
999
Rub. Plant. Invest. Trust
23/9"..
NEW YORK INIDES
September
9.87/9.88
6-3/4
December
10.19/22
HK. & Shai Bank (Ldn.
12/44
NY-Bliver, Omelal
35-3/8
Bept,
0/3-1/32 0/3-5/32
200
1-ex, diy,
ELK & Bhat Bank (Col.
U.8. Dollars
"DOW, JONES AVERAGE,
Tanami Gold Mining..
6d.
75
Spot
$5-5/8
$6-25/32,
Anglo-Iranian).
$1/3
1939
Ang, 10, 1939, C
Aug.
6-8/26
6-374.
High Low Dow Jones Avoragon:
Sept
5-29/32
Market: Steady...!
Merckmit Rates
Sterling, 9/3-5/8. ⠀⠀⠀ US Dollars, $6-9/16,
6-1/8
154.85 JALM 30 Industeinda
34.23-24.14 30 Balis
97.07 20.71 Utili
*9999*87208 401 Bands
18, High Low Closet Changs Aug.
136.54 13567 134,37 185.11 0.43 off- 27.01 26,95 38.06 0.08 off 27.04 96.85 25.20 25.04 25.20 0.15 of 70.04 off 89.31
Baxinem Done:-290,000 shares
51.09 45.59 11 Commodity Inder 47,06
Chinese Eng & Mining
(bearer) ......
Burmah
68/9
13/6
September
NY-London Cross Rate 4.88-1/8
NEW YORK STRAITS TIN
48.65/65
CLOSED
unquoted closed
Bhell Trags. * Trad.
ا از
Chosen Corporation Pekin Byndien
berter)
82/6
- Νστη
Shai Bloc: Constr. S'hal" WaterWORKE
2/8*
10 to 12
Beptember SAMAKI 9.065/098 December
9:13b/18a
NEW YORK COFFER FUTURES":
closed
Easy.
Afternoon Market
·Sterling The market closed with sellers at 1/2.19/32 August/October, 1/2. 9/16 November/January and 1/2. 17/32 February/May, buyers at 1/25/8 Cash, 1/2-19/32 December and 1/2.9/18 April.
G.S. Dollars The market closed with sellers at 28 7/18 Cash 28 3/8 first half September and 28 5/16 arst half October, buyers at 28 1/2 Dash, 28 7/16 first half September and 28 3/8 first half October.
416.
Shanghal Dollars.
Shanghai Markot
Sellers of Sterling were
at 3.15/32 for Spot. Steady.
Shanghai Exchange
Shanghai, Aug. 21 (Reuter).
Official T.T. Estes
London
New York
Japan
India ...
Paris
Hongkong
Continental Can Continental Oli Corn Products Curtiss Wright (C.) Curtiss Wright ""A" Decre & Co.
Distillers Corpri. Seagrams Douglas Aircraft Du Pont de Nemours............... Eagle Picher Lead Eaton Mfg Co. Elec. Autolite
Elec. Bond & Share
Gen. Rallway Signal
Goodrich (BF) 0/3-1/4. Goodrich $5 pt.
Open, Market-Selling® Rate
Sterling
Bellera
Closing
Opening 0/3-13/32 0/3-31/64
013-3/80/3-15/32
(German Issue)
ន· ធន
| Burma Corporation ..., 8/11
Commonwealth Mining.. Markman Investments........ 14 Randfontein Estates. 37 Western Holdings .... Bub-Nigel