1938-12-02 — Page 12

PAGE 12-HONGKONG DAILY PRESS

SPOT

PAYNE & CO.

COMMODITY BROKERS „STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

JAN,-MARCH

(FROM PAYNE & CO.)

"SINGAPORE, RUBBER

Nor. 29

buyera

Nov. 30 buyers sellers.

Change

sellers

26-7/8

27-3/8 27-5/8 27-1/8 27-1/2 27:1/4

27-7/8 28-1/8 28-1/8 23-3/8 27-1/2, 27-3/4. The market opened 1/4 of a cent higher for all deliveries as com- pured with Tuesday's closing quotations.

APRIL-JUNE

Throughout the session the market displayed a steady undertone due to improved conditions prevalling in London and New York. Fair demand for "spot" Rubber induced good enquiries for forward post- tions by dealers and speculators. The better sentiment was also cans- ed by reports of heavy floods in Slam which, it is believed, will ac- centuate the shortage of nearby Rubber. It is assumed that this fact coupled with an improved demand from London and New York might force up prices in Singapore in the near future.

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS |Shanghai Exchange

DECEMBER 1, 1938

ON LONDON:

Telegraphic Transfer.

SILVER MARKETS

LONDON SILVER

London, Nov. 30.

sympathy with an easier dollar. Market steady at the decline, in $1,348

the afternOGN,

"FRIDAY, DECEMBER 2, 1938.

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Sharebrokers

Association

By Batters

Balm Nautza)

THURSDAY.

DEC. 1.

Rapers

Ballers

Ho

Silver-Little génerai selling. in

Banks

Shanghal. Dec. 1

1,345

H.I. Banka...

$1.346

Official T.T. Rates

the market

Do. (al. Beg.).........

London

New York

Opening

0/8 15-5/8

steady but idle.

Do. (Log, Beg.).......

ED

Chartered Banks

Spot

Forward

19-3/8d.

--Reuter.

£17] | Marouatilie Bks. “A”

213

Marcantile Bk

"C

£13

188

Japan

56-7/8

Bank of East Asin ...

$88

176 nom

Paris

5.48

NEW YORK SILVER

N. C. & 8. Banks

Hongkong

52-3/8

Official Rate

New York, Nov. 30.

42-3/4

--Reuter.

Insurancss

$214

$485 | 84091 | 9452]

Canton Insurancés.

1800

Union InsuITEDDES

$1091

*

Underwriters personeseek

$9

5100

H.K. Fires

3180*

Shipping

BOMBAY SILVER

380

99909

Douglass adınırdım

$60

$18

Breamboats aliasematen

$19

180

$80

$24

55/0

Bank Bills, on demand) Credits 4 months' sight 1/3

ON SHANGHAY:----

On demand

ON SINGAPORE:-

ON

On demand

Blank Bille, on demand 1,100 Credits, 4 months' aight 1,180

Open Market-Selling Rates

Afternoon

་་

was

20-1/16d.

Bombay, Nov. 30.

Market-Easy. Offtake, 40 bars.

Indo-Chinas Pr.)........ Indo-Chinas (Daf.)............... 80/0 Shalla ................

10

Wsterbosta................ Docks, Wharves,

Godowns, sie. »

B.K. & K. Wharves... | Providenta (old).....................

15.15 Providents (bew)..................

H.E. W. Docks....

Do. (new).

$100 |Shanghai Dooka 8. .......... $4.80 New Kaginearings &

Mining

17/0 Kailana ........

Karbs"........ Vaneznaja, Gold Fids. cta. Hong Kong Min.....

ON JAPAN:-

Sterling

up 1/2

On demand

1001

Morning

up 5/8) ON

INDIA:---

Opening Closing

up 5/8

Talegraphic Transfer...)

83

་

and demand...)

ON. NEW YORK-

Spot December January

0/8-5/32 0/8-5/32

0/8-1/8 0/8-1/8. 08-3/84 0/8-3:84|

Indian Mint Silver

Bank Bills, on demand Credits, 60 days' night 29; BATAVIA:-

Ready

51-02 51-06

Opening Closing

Dec. 17 Settlement

51-02 51-00

On demand

631

ON PARIS:-*

Spot December January

08-11/80/8-7/32 Jan. 16 Settlement

51-00 50-13

8/8-9/64 0/8-3/18 078-5/84

-Reuter

$114

078-1/8

Unofficial

Last To-day's

U.S. Dollars

Price Price

IB

$171

Afternoon

Ready

51-00

50-14

...... 140

*S

Społ December January

$15-29/32 315-29/32 Dec. 17 Settlement 51-00 15-27/32 15-27/32 Jan. 16 Settlement 50-15 15-11/16 15-11/16

50-14

50-12

Market-Dull,

19.10

Afternoon

83

149

Spot

$15-15/16 $10-1/32

December

15-7 3

Bank Buying Rate Bar Silver par os.

161 16

January

116

was 1/2-1/2d, unchanged from yes-- terday.

36.30

$8.45

$8 30

834)

334)

Merchant Rates

Sterling

0.8-1,8 $15-7/8"

The Equalisation rate was 5-1/4 per cerit.

3107

-Reuter.

It is, however, well to bear in mind that the Singapore market is following London and New York, where conditions would seem to be largely governed by outside influences, such as the European political situation, the trend of the London-New York Cinss-cate. the move-. ments of the London and New York Stock-markets etc.

After a fair volume of business having been transacted at quoted 'rates. the market closed with a quiet, but steady undertone.

ON SAIGON:-

On demand

Os MANILA:--

On demand.. "ON BANGKOK:-

On demand Sovereign Notes

Silver Duty Rate

15-31/32 The Central Bank of China's 15-13/18 rate on London at 10 am to-day

15-23 32 Market-Quiet but steady.

::

3134

30.10

$18

4171

185

170

$9,30

Lands, Hotels, and Balldings

H.K. Hotels mayroo #K. Land... Do. 4% Debatures

$8.00 Shanghai Lando 9. 801

H.K. Realtion ................

$8.35

$341

$100

$51

Humphreys

180

Chinese Estates ...........

New York, November 30.

New York Cotton

Dec.

8.68

New York Rubber

Dec.

16.07

15.85

Chicago Wheat

Dec.

621

£.64.. 864 15.77 611 611

8.68 .04 up 18.07 30 up

LONDON RUKBER

Previous close

SPOT

buyers sellers buyers' 7-15-10

To-day's close

selters

JAN-MARCH

APRIL-JUNE

JULY-SEPT.

% 7-15/16

8-1/16 8-1-168 8-1/16 P-1/8 8-1.1G 8-3/16 8-1/8 2-17/4

8-1/4 8-1/8

Change

unch.

Market featureless.

NEW YORK COTTON

Early in the day, the market moved within narrow mits, with higher Liverpool advices and covering being partially off-set by liquidation. Later, however. prices advanced on firmness on Wall Street and on Trade and foreign buying and the market finally closed steady

NEW YORK RUBBER

The market opened quietly higher on better cables from the for- eign markets and prices advanced further under the Influence of the firmer trend on Wall Street and on moderate commission-house buy- ing... Later, prices additionally hardened on buying by foreign in- terests and by the Trade and all offerings were well absorbed.

CHICAGO WHEAT

After opening steady, the market gradually lost ground under the „pressure of liquidation, lower Liverpool advices and professional sell- Ing. Later, in the day, good absorption of dealer offerings was QT- set by indifferent reports from the foreign markets.

N. Y. Commodity Market

By Courtesy of Messrs. Swan, Culbertson & Fritz and

S. L. Levy & Company)

Prev, To-day's

Market Report

From Roza Bros. Sliver prices dropped yesterday to the extent of 3/18 for Ready and 1/8 for Forward, the quota- tions being 20 1/16 and 19.3/8 respectively. Silver advices re- ported the market as being steady with a little general selling. American Silver was quoted at 42 3/4 for Spot.

The London New York cross- rate was quoted at 488: 12. New York /London was quoted at 488. 7/18.

Market

'Steady but extremely dull.

Sterling

There were small selfers at 1/3 Cash, 1/2 31/32 December, pro- bably January and 1/2 15/18 Feb- ruary March. buyers at 1/3 1/32 Cash. 1/3 December /January and 1/2 31/32 February March:

U.S. Dollars

Quiet. There were sellers at 29 1/4 for first half December, 29 3/18 December and 29 1/8 Feb- ruary, buyers at 29 5/16 Cash, 29 1/4 early January and probably 29 3/18 February.

Shanghai Dollars

182 3/4.

I

Shanthal Market

Sellers were quoted at 8. 11/84 with business done at 8. 3/16 for Spot. U.S. Dollars, sellers at 15.

at

High Low Close Close Change 29/32 December, buyers

15/16 December.

U.S. Dollars

NEW YORK

STOCKS

STOCK EXCHANGE ·

(Through Rauter's Service)

QUOTATIONS

་་་

Last Sale

Cotton Mil

|$16.60) Kwos (8.) monumenia

3100

8'hai Cottons (8.)

900

$24

Zoong Bings (8)

$40

Wing On Textiles (8.)

$40

Public Utilities

་་་

{Tramways

ALPINESTAR

$:61

Peak Trams (old)............

G

Last Sale

STOCKS

$31

|Péak Trama (D@W)...................

Nov. 29 30

Nov. 29 30

$

Star Ferrias

171

Adams Express Alleghany Steel Co. Allis Chalmers ...................... Amerada. Corps. 71 Amer. Can ..... Amer. & For. Power Amer. & For, $7 pt.

CAROL

101 102

Homestake Mining.

61608

$23

¿Y'mati Férvias €7.3.8

$231

3221

231.

251

Int. Nickel

521 531

$10.40

451

47

Int. Tel & Tej..

BE

10.30

***

72

Johns Manville

091 101

Ak

98

981

Kennett Copper

· 431

431

31

3;

Libbey-Owens- Ford

161

17

Glass

5

521

Amer. Locomotive. 247

*

254

Lockheed Aircraft

:::::

271 29

23,

Amer. Metals ......... Amer. Radiator Amer. Rolling Mill....201 Amer. Smelting..... Amèr, Sugar Ring... 243 Amer. Tel & Tel Amer. Tobacco "B" 851* Amer. Waterworks

38

383

Loew's Inc.......

571

59

5.0

Do. (new)

China Lights (old)...... 810.69 bina Lights (new)..... 910

H.K. Electrica.3554

817Macao Mlectrica

$10.

...

Bandakan Lights .........

Telephones (old)........

$3.60 Telephones (Dew)...............

Treciate immuunsere

Tractions (pref.)

161

168

Martin, Glen L. ....

311

321

Industrials

214

McKesson & Rob-

314

Cald., Macg. (Ord.) B.

518

521

bins, $3 pi.

361* 37

$18

Cald., Macg. (Prof.) 8.

237

Monsanto Chemical 1014

102

1443

1483

Montgomery Ward...

481

403

861

Nat. Dairy Products 121

121

$1.70 Canion loss

915,35 Cements

84.65opos

MiscellaneoZS

$15

14.40

123

123

Nat. Distillers

27

29

823

Dairy Farms

Anaconda Copper ... Atchison, T. & B. Fe. Auburn Motors ...... Baltimore & Onto ... Barber & Co. .................... Barnsdall Ol Bethlehem Steel ..... 711 731 Bacing Airplane Co.

328

341

|National Gypsum

131

14

9431

$8)

37

382

National Load

251

261

31

31*

Nat. Power & Light

7

3

62

71

Nat. Supply Corpn.

171

18

184

182

New York Central

171 183

--

$2

17

131

N. America Aviation

151 16)

$0.80

36.55

+1

North America Co.

201

221

*.*.

301 - 323

Northern Pacific.....

11

11

pm

Borg-Warner

30

311

Pacific Gas & Elec

281

281

pal

Briggs M'facturing

29

30

Pacific Lighting......

401

40

336

Brooklyn-Mani attan

Packard Motors ......

41

43

Trans.

141

13?

Paramount Pictures

10

111

15/

Brooklyn-Manhattan

Pennsylvania R.R.

191

21

20

Ch. E*tainmenta 导

Constructions (old).............. Constructions (new)........

Lane Crawford.........

Nanyang Tobac00...... Sincerosesnymise

Watsons.

Ch. G.5% 19253.3Bda. H.K, Gort. 4% Loara H.K. Gori 31% Logas H.K. Wing On B'bai Wing On........ Vibro Pilingmyun Maramans Inv. (Lon-} Maramans Inv. (HK)

$8.20

1.70

74%

$106 $100

$37

$6 cum, pf.

451

45A-

Phelps-Dodge.....

404

42

15.

Canadian Pacific

51

1.81

Phillips Petroleum ...

401 404

90 ct. W., Powalls

*Bales to Bhanghai

90 cta.

Case. JI......

90

891

Public Service of N.J.

311

311

AFTERNOON MARKET

Chesapeake & Ohio

333

348

Pure Of .........

91

101

614

Chicago Corn

Dec.

473

403 471

Winnipeg Wheat

Dec.

-591

581

587

47 581

1 oft of

The market was quiet in the afternoon.

..

NEW YORK COTTON

Close

Opening Closing

December

8.64/04

8.66/66

January (1939)

B.46/46

8.45/44

8.88/68 8,50/50

March

8.43/43

8.43/43

8,46/46

8.23/23

8.23/23

8.21/27

May

July

}

7.99/99

7.98/98

8.01/02

October Spot.

7.67/87

*7.87/67

7.71/71

8.64 N

2.96 N

- Sterling .. The market closed with sellers at 1/3 first half December. 1/2

December Change 31/32

/January and February /March, 15/16 .04 -up/1/2 .04 up buyers at 1/3 1/32 Cash, 1/3 De- .03 up cember January and 1/2 31/32 .04 up February March .02" up .04 up1 .32 up

Chrysler Corpa....... Columbla Cas & M Columbia 8% "A" pf. . 77 Commercial Credit... Commonwealth & 8. 1+ Commonwealth & 8.

6% cum pr.

441 Consolidated. Edison 30 Consolidated Cu Continental Can Continental 011 Corn. "Products

781

.811

Radio Corpn. of Am

74

72

09

6%

Republic Steel.

217

231

LANCASHIRE COTTON

77

Reynold Tobac. "B"

43.

441

57

59

Schepley Distillers

194

201

11

Schenley, 51% pid...

Sears Roebuck

72

731

+

45

Shell Union Oil ..

147

-147

30

Socony-Vacuum 'Ofi

137

13

81

82

Southern Pacific

171

18

391

384

Southern Rly $5 pid.

267

281

29

29 Å

Standard Brands ....

67

7

621..

63+

Stand Gas & Elec.

.31

32

U.S. Dollars

NEW YORK RUBBER

December March

-15.77/77

15.85/35

(1939)

15.75/76

15.90/91

May......

16.77/81

15.95/94

September

15.84/84

October

15.85 N

16,07/07 18.06/07 16.08/08 16/09/10 16.12/12

29 uzp

.25.. up

Sales for the day-

2,700 tons

The market closed with sellers at 29 1/4 first half-December, 29 3/18 December first half Jan- vary and 29 1/8 January, buyers .03 up at 29 5/16 Cash, 20 1/4 Decem- 31 up ber and 29-3/18 February.

Shanghai Market

Firm. Sellers were indicated

27 up for Spot at 8. 7/32 and U.8. Dol-Elec. Bond & Share

lars at 16. 1/32-for Spot.

Curtiss Wright (C) Curtis Wright "A" Distillera Corp. Sea-

61

Standard Oil of NJ. 502

514

25

261

Stone & Webster

127

132

最

Swift International

28

28

grama Douglas Aircraft Du Pont

201..

211

Technicolor.

21 201

47

70

Texas Corpn........

421

431

142

146

Texas Gulf Sulphur 32+

323

Eagle Picher Lead 113 Elec. Bond & Share Elec. Bond & Share · **

$5 .......

111

Trans-america Co.... 7:

91 107

20th Cent. Fox.

254

281

561*:

571

do. $1 pt. Union

Carbide

Carbon .........

**

83

46 pt.

048

851

Union Paclit

901

92)

China.

Elec: Power & Light

United Aircraft

371

38

CHICAGO WHEAT

New York Exchange

$7 pi........

341

361

United Airlines Trans 114

12

December

May July

611/82 611/621 651/851 658/651 652/651

014/011 651/051 65$/051

ofI off

Flintrote

25

281

United Corpn. ........ :31

31

Tuesday's Sales:-

15,010,000 bushels

New York, Nov, 30, of T/T on London

(Opening Rate)

Gen, America Trana 514

531

United

Corpn.

13

Gen. Electric ...... 412

431

cum. .pf.

321

341

4.87-1/1

Gen. Motors

47

491

United Gas Corpn. 2*

..

-Reuter.

Gen. Railway Bignal 213"

217

ijn. Gas I'provem't 11

111

December

May July

CHICAGO CORN

470/474 472/471 512/521

Gildden Co,

24

244

U.B.. Rubber

-472-

491

47/47!

of Calcutta Exchange

Goodrich" (B.F)

217

23

U.8. Rubber $8 pfd... 1031

105

Goodrich $5 pl.

364

68

U.A. Steel

621

848 "

51/511

***** 621/521

51/502 512/512

of

Calcutta, Nov, "30

Goodyear Tire år Co.

314

33

Vanadium

237

26

off, on Japan

78-5/8 Great Northern Iron

Warner Bros. Pict.

51**

61

Reuter.

December

May July

WINNIPEG WHEAT

581/59

Ore Great Northern Rhy. 244.

141.

143

Westinghouse

Elec. 114

114

-251

Woodward Iron Cor. 244

251

Notes in circulation

50/59

684/583

off India Rupee Paper

......017/017

612/811

611/611

621/621

off off

Bombay, Nov. 30. Indian 34% Rupee

98-05-0

Great Western Bugar 281 Greyhound Corpa 19 Hecker Products

201

Chase National Bk.

201

(including Notes

201

National City Bank

222

held in the Bank-

101

11

fall Money

1%%

-1%

tex, diy,

• bid.

ing Department) 21,018 · 21,034 | Rupee Coin and Bul-

December March

December

NEW YORK HIDES: (New Contracts)

11.68b/85a 12.00/02 .12.17/12.22 12.38/38

NEW YORK STRAITS TIN

45.50b/800 46.10b/308

NY Silver, Offelal..... 42-3/4. NY-L'don Cross Rate.., 4.65-3/4

DOW JONES AVERAGE

11,98 N

48:15b/25a 42+3/4: 4.68-7/16

LONDON GOLD"

London, Nov. 30.

Nov. 30

Bar Gold, Fine per oz....... 149/1 Dollar Parity: 1d. premium, 1/2d.

* premium.

-1918

High Low Dow Jones Averages

158.41 98.96 30. Industriais

Nov, 29, 147.07

83 19 190020 Raile

19 16.14 30 Utilis

29.06 21.84

99.70 83.29 40 Bendis

89.12

69.00 44.03 11 Commodity Index $7,97

-Reuter.

Dec. 1, 1938.

Change Securities (Indian High Low Close 149 97 147.68 149.52 2.70 up 29.80 29.10 29:76 70 mp $9.20 91,85 22,15. "51 up 09 др 89.41 48.34 "Business Doño: 980,000 shares.

ilon in India Gold Coin and Bul-

lion in India

4,154

4,154

Government) Securities (British

Government)

3,238 3,235

6,216 6,216

35 up

(Figures in lakhs of Rupees)

-Reuter.

DISCUSSION IN COMMONS

London, Dec. 1

the in

cotton Conditions trade as affected by Japan and

India were pui in the forefront of arguments of speakers in the House of Commons yester- day.

The discussion started when Mr. H. Sutcliffe, (Conservative, Roy- ton) drew attention to the need of

GOLD RETURNS,

TO FRANCE

Paris, Nov. 30 The Ministry of Finance an- nounces that 100,000,000 francs worth of gold had returned to France this morning, thanks to the general strike having been fore- seen yesterday evening.

Sterling is quoted at 178.36 against 178.48 yesterday, while for- ward premiums were contracted from 50 to 20 centimes for one month, and from 185 to 150 cen- times for three months.

On the Bourse, Bank of France adopting an active policy for de-shares jumped by 600 francs to 9,000 francs, which is the highest velopment of the export trade...

Mr. H. W. Kerr (Conservative, quotation of the year, while Rentes a good de- Oldham) supporting, declared that and Industrials had Britain could not accept Japan's mand-Reuter.

41

841 refusal to allow her to trade with CUBA AND U.S.

The Lancashire cotton trade was

in a terrible plight, Lancashire had

Washington, Dec. 1

The State Departament panoun-

her most formidable opponent in ces its early intention to negotiate Japan, but Lancashire must streng-a supplementary trade agreement then all her muscles and use every with Cuba, available source to meet that com- petition-Reuter.

RESERVE BANK OF INDIA STATEMENT

Calcutta, Nov.-30.

Nov. 18 Nov. 25

Sugar, tobacco, potatoes and rum will be the main eommodities affected.

It is emphasised that general re- vialön for the current trade ¿gree- ment la not contemplated.

The negotiations will be directed simply to additions and modica- tions of the existing agreement.— [Reuter.

REICHSMARK QUOTATIONE

7,125 7,140 The Reichsmark

without guarantee at:

New York, 40.07

Paris, 1535

Amsterdam, 78.60 to 73.68:

London, 1157.

Paris Sterling, 178.3 to Paria' U.S. Dollar, 38.24-Transocean

rl

quoted

178,30

· 38.23

to