Standard, Cash 229-7/8 Standard.
3 months 224-1/4
LEAD
On India:-
Telegraphic Transfer. Jsi 1/4
and demand
On New York:
Bank Bills, on demand 28 7/16 Credits, 80 days' sight's 15/18
Un Batavia :--
On demand "...
On Paris:-
..... 62 3/4
Bunk Bills; on demand 1373 Credits 4 months' sight 1115
Indian Mint Silver
Ready..................... Sept, 9 Settlement Oct. 7 Settlement
BOMBAY SILVER Bombay, Aug. 22 (Reuter).
Foreign,
Official "Price 16
PAGE 12-HONGKONG, DAILY PRESS.
Finance and Commerce
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER
London, Aug. 29 (Reuter), Silver-Prices advanced on small offerings
bear and speculative
CLOSING QUOTATIONS["covering. Market quiet. In the
AUG. 2, 1939
47
On London:-
Telegraphic Transfer. 1/3 19:31 Bank Bills, on demand/2 19/32; Credits 4 months' aight 1/2 27/32 -
On Shanghai:-
On demand
378
On Singapore:----
On demand
SI 3/4
On Japan:-
On demand
104
afternoon, offering from India im- barted a weaker tone with bus néss done at a farthing under the fixed rate.
Spot, 18-7/15d. Forward, 18-5/18d.
NEW YORK SILVER New York, Aug. 22 (Reuter). Official Price 37-3/4.
LONDON METALS
EXCHANGE
London, Aug. 22 (Renter).
fi
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK KICHAWOH
Baykroj] Balticy | "Balon.
Nominal]
SHAHZBKOKEKS ASSOCIATION
WED.. 23.
ה
AUG,
Hajar Salata Sales Fomins
11
Blanks
#1965 H.K. Banka
Do. Col. Bag,)
Da. (Lon. Bag)
£8
Chartered Banks
524
COFFEÉTM
" buyers sellers
I
$72
£
£
Standard, Cash 44-15/16 45. Standard.
3 months 44-13/16 44-7/8 Electrolytic
50-3/4 50-1/4
#1235
£sal
£65
Mercantile Bk. ""*
£13 [Marcantila · Hki, “0′′* Hank of Bast Asia is N. C. & B. Banks
Insurances
300 Canton Insur $380 Union Insurances
Underwriters
$180 H. Fires
Lo
£19
$79
{50 ota.
$300
#18
$340
$185
Shipping
387
Douglas Dopiero
$67
$12
Bieamboata
$15
$80
Indo-China
(Prod.)
$50
$30
Indo-Chinas (Del.)...)
$30
79/4 'Bella
79/43
$8.10 Waterboat
$8
Docks, Wharves,
THURSDAY, AUGUST 24. 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
TIN
230
New York, August 22.
11:
224-1/2
SINGAPORE RUBBER
18-1/16
Market Uncertain.
Offtake 50 bars. Foreign Oficial
3 months 15-19/18 15-7/8
SPELTER
$16
48-06 48-01
Godowns, etc.
103 H., & K. Whaeren
$4.15. Providenta
Providents (new)
H.K. & W. Doolak..
Do (9)
SPOT
0102
OCT.-DEC.
$415
JAN.-MARCH
$101
Ordinary.
#110 Shanghai Docks 8.
$108
47-13
Official Price 14-3/8
14-1/2
19
Ordinary, Official
New Engineering 8 Mining
$8.30
3 months 14-1/2
14-9/16
12/6 Kailana
13/0
38.60 Baube
$8.40
Un Saigon -
On demand
108 3/4
Un Manila: -
On demand
37 1/8
On Bangkok ---
On demand
15% 1/4
Sterling Notes:-
Bank Buying Rate
1/2 13/16
Bar Silver per oz.
187/15
Market Report
LONDON GOLD
London, Aug. 22 (Reuter). Bar Gold, Fine per ox., 148/61. Dollar Parity, ld, premium.
NEW YORK STOCK EXCHANGE
QUOTATION
Final Afternoon Transactions
$8
Tin, Standard, Cash. £229-7/8 value.
Tin Standard, 3 months £224- 1/4 paid and sellers,
par
Vanarmala Gold Fida $110 Hong Kong Mines..... [Lands, Hotels and
Buildings
$H.K. Hotels. 1921 HK. Lands .........
Do, 4% Debeziuros
$4
L
Previous close
$1,55
$100
SPOT
$7.90 Shanghai Länds 8.
OCT.-DEC.
3-5/8
34
·H.K. Boultimí
留言
JAN.-MARCH
$8
Humphreys
$7.90
$98
Chinese Estaben ....................
........... 8-5/8 Market steady but quiet.
change 28-9/16 28-15/18 up 1/18 28-5/8 - 29-1/8 28-5/8 28-7/8 23-5/8 28-7/8 unch.
unch.
The market opened with prices unchanged for all deliveries as compared with Monday's closing quotations.
The market was easy throughout the day, it being very dificult to sell forward rubber ever at sacrifice rates, due to the sensational · political news received early in the morning.
Closing tone was slightly easier.
LONDON RUBBER
To-day's close
buyers sellers buyers sellere change 8-11/16 8-19/16- 8-11/15. 8-3/4
unch.
8-11/16 8-9/16- 8-11/16 of 1/16 8-11/16 8-9/16 8-11/16 of 1/16
August 21
August 22. buyers sellers . buyers sellers
28-1/2 28-3/4
28-5/8 28-7/8
12
Cotton Mills
STOCKS
FROM ROZA BROS. Silver prices rose yesterday to Adams Express the extent of 7/8 for Ready and Alleghany Steel Oo. 15/16 for Ford, the anotations Allfed States being 18.7/16 and 18.5/ respec- Allis Chalmers tively. Silver advices attributed Aluminium Ltd the rise to speculative covering. Later Business was done at 1/4 under the quoted rate. The mar- ket was quiet. American Silver
ปี
was quoted at 37 3/4 for Spot
The London-New York cross- rate was quoted at 488.12. New York-London was quoted at 468.- 1/8.
Quietly steady
Amerada Corps, .............. Amer. Geni
American Cyanainid B Amer. & Foreign Power Ameri & Foreign $7 pt.... American Gas & Elec Amer. Locomotive Amer. Metals Co. Amer. Radiator
Business was done during the Amer. Waterworks course of the morning at 1/29/16 | Anaconda Copper.
May.
for
February. Atchison, T. & S. Fe. January. 1/25/8 for November. Auburn Motors ... October, September and August. Baltimore & Ohio The market closed with sellers" at Barber Asphalt Co 1/2.19/32 August/February 1/29/16
and Barnsdall Ol March/May, buyers at Bendix Aviation 1/2.5/8 Cash and 1/2/19/32 April. Bethlehem Steel
Bliss & Co. ..U.S. Daliars
The market closed with sellers Boeing Airplane Co.
at 28 7/16 August, 26 9/8 Septem-Borg-Warner
ber, 28 5/16 afst half October and Biggs M'facturing
28 1/4 October, buyers probably at Brooklyn-M'hattan Trans.
28 1/2 August, 28 7/16 September B'klyn-M'hatten $8 cum pf. and 28 3/8 first half October
Opened with sellers at 410 with
Canadian Pacific R'way.....
Chrysler Corpn.
and also 400. Towards the close Colts Patent Fire-Arma business was done at 390. At the Columbia Gas & El. close there were buyers at 300.Columbia 3%" "A" pt. sellers probably at 385.
Opened with sellers of Sterling C'wealth & 8. 6 cum pf.. $7
!!!
17
Ewo (8)
#171
AUG. 23, 1939
Last Sale
Aug. 22
STOCKS
B
7
Last Sule Aug. 22
151
Int. Tel & Tél.
B
71
Johns Manville
851
321
J. & Laughlin Steel 7 pfd. 42.
118
Kennecott Copper
33
Lakey Foundry & Mac.
31
95
Libbey-Owens-Ford
Glass
47
27
Lockheed Aircraft
201
2+
Loew's Inc.
181
Manhattan Shirt Co.
37
Martin, Glen L
291
JIK
#12
141
McKesson, Robbins
15
25
Monsanto Chemical
98
101
Montgomery Ward
491
Amer. Rolling Mill
134
National Cash Register Co.
171
Market
Sterling
Amer, Sting and Ring Co.
43
Sat. Datry Products
151
$3.70 Peak Trams (new)
$89 Star Ferrite
$27
mati Farrida
Do. (new)
$7.80 Chin
160 ChiNOW)
Chine Light Ru
$54 H.K. Electron...... Macao Blection Sandakan Lights $13 Telephonér (old) $7.69 Telephone (new) 19/6 Tractions........
22/0Tractions (pref.)
Industrials
802
123
(0)
$7.80 $4.80
$14
Amer, Sugar Ring
18
Nat. Distillerg
231
Cald., Macg. (Ord.) 8.
$18
Amer. Tel & Tel
162+
National Gypsum
101
Cald, Macg. (Fref.) 8.
*
$1
Amer. Tobacco “B”.
BI
National Load
20
101
Nat. Power & Light
9
24
National Steel Corp.
591
1/2.19/32
241
Nat. Supply Corpn.
7
$30
New York Central
134
$12.80 Coments
$3.70 Ropes LLR
Miscellaneous
Dairy Fara (Old)
$19 Dairy Faru (New)
Canton Icas ..................
4
Niagara Hudson Power
61
111.
N. American Aviation
144
12
North American Co...........
221
223
Northern Pacific......
81
353
Owens-linois Glass Co.
84
Pacific Gas & Mec.
$1.80 Biscare
88
Watsons
33
$1 Constructigal [Dew)
#71 Lane Crawfords ......
Nanyang Tobacco
33% Ch. 0.6% 1925G $Bds.
18
Pacific Lighting ....
48
221
Packard Motors
34
191
Paramount Pictures
"11
¡Pennsylvania R.R.
161">
424
Phelps-Dodge ......
37
34
Phillips Petroleum
321
4/0
Public Service of NJ.
Shanghai Dollars
Case. J.I....
Celanese Chesapeake & Ohio
business donė subsequently at 411
66 11
39
31
eve
Pullman Inc.
242
334
Pure Of...........
61
701
Radio Corpn. of Am.
ኔን
51
74 *
Reading Company, lat pid
234
LONDON
61
Remington Arms Co., Inc.
24"
85*
Republic Steel
164
Shanghai Market.
Commercial "Commonwealth' & 8. (ord.)
441
Reynold Tobac. "B".
$41 H.K. Wing Oa
重
N'hat Wing O.......
Vibro Piling
130 - Karamani Iny. (Lon.)
Maraman's Ent. (HE)
W. Powelle
*Sales to Shanghal
STOCK EXCHANGE
(REUTER'S SERVICE)
$201
$20
$6.90 Ch. Etainments
$8.00
14.
$1.5b Constructions
(all)
工业
New York Stocks
87+
$4
$1.98
371
32a
3109; E.K. Gort. 4% Losan
$1091
H.E, Govt. 3% Loan
$99
$10
Previous
To-day's
close
·132.81
close Change
135.07 up 2.26
N. Y. Commodity Market
****
(By Courtesy of Mesars, Swan, Calbertson & Fritz and S. E. Levy & Company)
38)
Richfeld Of
11
7
London, August 22.
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Com, Sept. Winnipeg. Whent, Oct. New York Hides. Sept.
High Low
8.78 8,72 8.80
8.77 16.62 16.60 16,67 16.6007 off
Prev. To-day's
Close Close Change -
6B1
661 68 661
.08 up
13" off
442
434 444 434 1
564
10.00
55 56+b 554 9,70 9.709.85
off 7 off
.15 up
".
Safeway Stores
412
at 3.1/2 but subsequently firmed
Consolidated Edison
302.
Schenley DistiMers
114
Schenley, 54% pid.
Consolidated Oll
The following quotations are the middle prices at the elom od the market in London. All quotations are subject to confirma. tion and no responsibility 'li assumed for errore in transmission.
NEW TORK COTTON
*** Close Opening Closing
Change
up and at the close there sellers at 3.21/32 för Spot
were
Con nental Cái
381
Bears Roebuck
751
17
&
gl
ત્ર
£
October
8.60/69
8.72/72
8.77/77
.08 up
Continental Oll
21
Beversky Aircraft
24
War Loan, 31% (red
Corn Products
591
Shell Unton Oil
101
*
Shangliai Exchange
Shanghai. Aug. 23 (Reuter),
Official T.T. Rates
London New York
Japan
India
·Paris... Hongkong ...
Open Market-Selling Rate
Curtiss Wright (C.)
મ
Socony-Vacuum. Off
107
الا
Curtiss Wright “A”
23
Southern Pacific
121
Deere & Co.
17k
Southern Rly $5 pfd.
224
Distillers Corpn Seagrama
163
Sperry
301
Opening Douglas Aircraft
621
Standard Brands
#
... 0-5/16
0/3-1/4 | Du Pont de Nemours
Eagle Picher Lead
1581
Stand Gas & Elec
21
子
Standard Out of California
241
23-1/8
Eaton Mig Co.
231
Standard Ofl of NJ
392
18-1/8
Bec. Autolite
331
Stone & Webster
101
2.39
Elec. Bond & Share
BI
Swift International
262
Chinese 5% Rëorg. Loan,
...... 22-1/8
Bec. Bond & Share $5 pr.
55
Technicolor
Elec. Bond & Share $6 p.
64
Texas Corpn...........
-341
Sterling
et. Power & Light $7 p. 201
Teked Gulf Sulphur ...........
20
Sellers
181
| Trans-America Co.
51
+
Opening
Closing
Spot.
3/3-1/2
Aug, Sept.
Food Machinery Corp. 6/3-11/18 dien. American Traní. ............. 48
0/31/64 0/3-43/84 Gen. Electric
32 ⚫
20th Cent, Fox.
18
20th Cent, For $14 pf.
271
34#
Union Carbide & Carbon
78
0/3-13/64 0/3-13/32
Gen. Motors
451
Union Pacific ..............
92)
U.8. Dollars
Gen. Rallway Signal ......
141
United Aircraft
-33
General Tire & Rubber Co.
10
United Airlines Trans.
10
Spot
58-13/16- $1-7/32
·6% 1913 A
Glidden Co.oprah keripu
154
Aug.
7-3/16
Goodrich (BF)
187
6-21/32
Goodrich $5 pl...........
071
Goodyear Tire & Co.
25
Great Northern Iron Ore ...
131
Great Northern Riy, píd.
221
Great Western Augar.
241
Greyhound Corpn.
161
Becker Products
111
Hercules Powder Co.
701
Homestake Mining
63)
fitriãi Hayon
221
International Harvester Int. Nickel
518
47
bild.
0-50-56
1939
18439 121:44 30 Industriala
34.32: 24,14--20 Rails
27.07 30.71 90 Utilities
93.21 87.06 40 Boods
61.00 45.69 11 Commodity Index 47.54.
6-25/32
Sept... -6-7/22 Market: Steady.
Merchant Rates
'Sterling, 0/3-19/32.
U.S. Doliats, $7.
New York Exchange
New York, Aug. 22 (Reuter). TT. on London (Opening Rate), 4.88-1/8.
India Rupee Paper
Bombay, Aug. 22 (Reuter), Govt. 34% Rupee.
Calcutta Exchange
Calcutta, Aug, 22 (Reuter),
TT on Japan. T8-1/
High Low Dow Jones Arangos, Aug. 11, High La Clone Chang
HE. & Shai Bank dán.
Reg.)
EK. & Bhat Bank (Col
United Corp.
.28
United Corpn. 3 cum pt. 38
United Cas Corpn.
14
United Gas Improvement 131.
UB. Rubber
391
UB. Rubber $8 pia.
..... 106.
lus Steel
401
Vanadium anını
20
Warner Bros. Pict. ..........
41
after 1952)
Canton-Kloon, Ris. 5% 12
Chinese 41% Gold Loan,
1898 (Brit. Issue).
Chinese 5% Gold Bonds,
1925-47.
Chin. 4% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
1912.
1913 an IEJ
Chinese % Bér. Notes,
1925 (Vickers).
Chin Imperial Rly. 5%
Honan R17 5%-*-**** Huluang Hiy, 5%, 1911... Hukuang Riy 0% 1911
(German Issue).“
Lung Tsing & U. HAI Rly.
shal-N'Eing Rly. 6%. Tientsin-Pukow Rig. 5%
(EM), Stpd.) Tientsin-Pukow Rly. 5% (German Stpd.) -............... "Tientsin-Puikow Rly. 5% (Brit. Abpå. Supl. Loan) Tientsin-Pukow Rly. 6% (Ger. Stod. Supl, Loan)
88+
32
38
| Westinghouse. Hoc,
1031
Jap. 5% Bter, Loan, 1907 28
Woodward Iron-Cor.
151
Fap. 6% Bter. Loan, 1924 31
Chase National Bark
311
National City Bank
24 *
Ger. 7% Int Loan, 1924 28 Chartered Bank
tmez, dir. DOW JONES AVERAGE
Aug. 23, 1939,"
13 81
-28 25
24.45
136.54 133.07. 135.07 3.36 P Chosen Corporation
28.98 25.18 28.74 0.39 up
Pekin Byndicate 25.18 24.35 21,81 0.39 up
Rez) Chinese Eng. & Mining
BARTO
ཚོ བྷུ་& ཀྰ ྨ་ = ུ་སླ་ཐ ནཱ ༧༢ ནཱ་ སྒ ས།ཏྶaཚོ
Union Insurance
22 Gula Kalumpang Rubber 16/3 Allied Ironfounders...... 16/6 Asso, & Elec. Industries 39 Auriin Motors, ord. ...... Cable & Wireless, New
December January March May
8.58/56
8.57/56
2:34/65
.08. up
6.42 N-
8.44/44
8.48/49
07 up
8.34/34
8.35/35
8.44 N
10: up
8.18/13
8.20/21
8.29/29
11 up
28
July
8.02/02
8.06/07
8.12/12
10 up
Spot
9.19 N
9.27. N
.98 up
Form, ord, wešikime
B.-A. Tob. (bearer)
48
85
NEW YORK RUBBER
Cammell Laird, ord.
0/9
Mexican Eagle
6/1
Courtaulds in Distillers
28
September December
16.67/67
16.62 B
93/9
March
16.62/62
16.67b/70% 16.55/55 16.56b
16,00/60
.0% of
16.59/69
03. 0
16.59/59
.03 off
Dunlop Rubber
Gen, Electric (England) 7378 Guinness (A) Son & Co. 95 Hawker Siddeley Airc... 15/75- Bristol Aeroplane
16/3 Imperial Chemical Ind. 29/2 Imperial Tobacco
Marks & Sp'cer "A" ord.
Rolls Royce
Leyland Motors Tate & Lyle
Turner & Newall United Steel
Pressed Steel, com.
26/3
May
16.61 N
16.64/64
16.59 B
.02 on
Total sales for the day-1.250 tons
Vickers, ord.
12
Woolworths
Anglo-Dutch
122/8
September December....
58/3
May
101/104
87/6
01
..78/3
20
Smethwick Drop For
14/9.
September December
Armstrong Stevens, ord. 5/9
May
****** 17/104
16/4).
62/3
22/8
Monday's sales: 23,562,000 bushels,
CHICAGO WHEAT
684/681 672/07/ 681/682 677/68
671/871
67/671
67/673
CHICAGO CORN
443/441
441/441
433/431
401/461
Rüb, Plant, Invest. Trust 28/6 Burma Corporation 2 7/6 Commonwealth Mining... Marsman Investments.........
13 36/3
12/6
13:
Randfontein Estates Western Holdings that 10/9 Sub-Nigeleden · 212/8 Tanami Gold Mining, Od: Anglo-Iranian count $1/6 Burmah be
-05/71 Shell Tram: de Trad."
(bearer)
December Мат
September
December.....
NY Bliver, Official
501/591
NEW YORK HIDES
9.66770.
10.00/00
9.706/782 9.85/86 10.106/12a 10.20/25
35-1/2
NY-London Cross Rate 488-1/8
434/437 ·431/437 "43/431.
WINNIPEG WHEAT
38, a 551/56+ 551/05 50/501 56/562 561/661 591/501
46/481
tember
79/4
88.78
88.97 0.19 up ↑ Shift Mec. Cofatt. Co. 47.45 0.09 08TY WALENDER
1278
*Nominal
10 to 12
September December
NEW YUER STRAITS TIN
unreceived 4:88-1/8,
48.855/80843.40b/856: 48.405/65%
NEW YORK COPPER FUTURES
9.08b/12a9.08h/158 259086/122/
9.15b/128
Business Bone-860,000 shares
$120 8'hat Cotton (8.)
Zoong Sings (8)
340
H48
Wing On Textiles (S.)
$60
Public Venities
$16
Tramways
$1.40 Peak Trams fold)
NEW YORK COTTON
After being steady in the early session, prices firmed up on good trade buying and better foreign demand, apparently under the im- petus of somewhat more hopeful" turn" of events abroad, as the $162
most recent developments in Europe are regarded as lessening the $7.40 possibilities of hostilities. Growing conditions continued to be favour- $3.70 able. but a consistent, foreign and domestic trade demand met with
scarcity of offerings towards the close.
1.C#:
NEW YORK RUBBER
Profit-taking sent prices on the down-grade and there was a further decline on lower advices from the foreign markets. Inven- tories are decreasing and we think that there are good prospects for a recovery in the near future.
CHICAGO WHEAT
Excited markets and irregular fluctuations in prices emphasize The latest de- the primary position of wheat as a sinew of War." velopments in Europe which are generally regarded as lessening the chances of war were reflected in lower wheat prices. However, $12.80 concrete measures to clarify the situation are still anxiously await-
· 33.80-
ed. The bearish estimates" of the Canadian crop and a weak four market trave also been the causes of the casiness,