1938-12-19 — Page 12

FINANCE

HONGKONG SHARE QUOTATIONS

SHAREBROKERS" ASSOCIATION

F971 | Marcantile Bka, *****

188

3210

Mercantile Bka. "C"

Bank of East Asia .... ¡N. C. & 6. Banks........... Insurancon

Canton Insurances................... 485 Unios Insurences 73 ota indarWriterA •*---------

$188 H.. Fires *****

Shipping

Douglass

1210

$500

70 ct.

1.01~0

MONDAY, DECEMBER

I

19, 1938.

PAYNE & CO.

COMMODITY

BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

PAGE 12-HONGKONG DAILY PRESS

MONEY AND EXCHANGE

'CLOSING QUOTATIONS | New York Exchange

DECEMBER 17, 1938

ON LONDON:

Telegraphie Transfor........

Bank Billa, on demand. Credits 4 months' sight 1/3j

19

ON SHANGHAL

On demand

178 nom.

ON BINGAPORE >—

On demand

31

ON JAPAN:-

On demand

1.

ON INDIA:

R3

and demand.

On New Yonx ;—

Telegraphic Transfer...

Bank Bills, on demand 29:13; i Credits, 60 days' sight 29 1/16-

ON BATAVIA

On demand

ON PARTS:

"

............... D3-1/16

"

Bank Bills, on demand 105 Credits, 4 months' right 1150

New York, Dec. 17. T.T. on London (Opening Rate), 4.67-38.-Reuter.

Calcutta Exchange,

Calcutta. Dec. 17. T.T. on Japan. 78-5/8.-Reuter

India Rupee Paper

Bombay, Dec. 17. Govt. 3-1/2 Rupee, 98-02-0

--Reuter.

SILVER MARKETS

LONDON SILVER

London. Dec 17. Silver Little speculative and American buying. Offerings small. Market quietly steady.

Spar. 20d.

LONDON METALS

EXCHANGE

London, Dec. 16. COPPER

Standard. Cash: 43-5/8 Standard,

37

STOCK EXCHANGE

buyers sellers

£

Buyers | Bellera Balan

Nomla!

SATURDAY, DEC. 17.

Buyers Sellers

Salse Fomins

43-11/15

Hanks

||

3 months 43-13/16 43-7/8 Electrolytic

$19.40 $1395/ J

H.E. Banks

Do. (Col Reg.)...

C

49

TIN

50

£78

Do. (Lon. Reg.)...........| |Chartered Banki

$1385

$70

£ati £13

Standard. Cash 214-1/8 214-1/2 Standard,

3 months 215-1/4

LEAD

215-1/2

. Foreign.

Official Price 15

15-1/16

!

Foreign, Offelal

15-1/4

3 months 15-3/16

SPELTER

$18

310

Stommboats in a s

Ordinary,

$80

| Indo-Chinas (Prof.)..........

Bu

Official Price 13-3/4 Ordinary, Official

13-13/18

124

Indo-Chinas (Daf.)..............

124

81/10 Sheli# .........

81/3

10

3 months 13-15/18 14 Final Afternoon Transaction)

Waterboats.nam

SPOT

"ON SAIGON-

Forward, 19-3/8d." -

Tin, Standard, Cash, £114-1/2 buyers.

$115

1117

8115

"Docks, Wharves,

Godowns, ets. B.K. & K. Wharvo...

JAN.-MARCH-

$117

APRIL-JUNE

$6.20

·815

Providenta (old)..........................

On demand

}}}

$5,90

-Reuter.

Providenta (new)...------`

ON MANILA : ~~~

NEW YORK SILVER

On demand

ON BANGKOK:→

On demand

59

Tin. Standard, 3 months, £215- 12 pald and buyers.

SIBI

#18

H.K. & W. Docka....

$171

8711

$172

Do... (new)..semes

14n

New York. Dec. 17. "Omelal Price, unquoted-Reuter.

1100

15 80

New Engineerings 8.

Bbanghai Docks 8.....

-4101

.331

Mining

Sterling Notes

BOMBAY SILVER

BANK OF FRANCE

18/

milan. .....

18.0

Bank Buying Rate

Bar Silver per os

19 15/10

Market-Steady

Bombay, Dec. 17.

Otake 20 bars

9.35 Raub.

RETURNS

$3

Venezuela Gold Fide

Indian Mint Silver.

Paris. December 16.

51-00

Market Report

From Bora Bros.

Dec. 17. Silver prices dropped 1/8 Yes- terday for both deliveries, the quotations being 19.15/16 for Silver and 19 "5/16 for Forward. Silver advices reported speculators The market was as having sold. steady. Luter purchases were

Ready

The return of the Bank of January 16 Settlement....... 50-14 France for the week ended Decem-. February 14 Settlement.. 50-12 ber 7 shows Gold Reserves totalling

Market Quiet.

87,265,000,000 Francs of Gold con- -Reuter, tent of 27.5 milligrammes. Indicat- ing no change over the previous week.

"LONDON GOLD

London. Dec. 17. Bar Gold, Fine per oz., 148/11. Dollar Parity, Id. Premlum.

made by speculators and American | "əfəy Trade at 1/18 over the quoted rate. American Silver was quoted at 42 3/4 for Spot.

The London/New York cross- rate was quoted at" 466.81. New York/London was quoted at 466.

7/8.

Market

Steady but quiet.

Sterling

There were sellers at 13 De cember/January, and 1/2 31/32 March/arat half of April and 1/2

The total Note circulation is given as 108,779,000,000 Francs, showing a decrease of 688,000,000 Francs as compared with the pre- rious week-Reuter

NEW YORK STOCK EXCHANGE

15/16 April/June, buyers at 1/5 Amerada Corps. 1/32 Cash January 1/3 first half Amer. Can

(Through Reuter's Service)

February/March and 1/2 31/32 Amer. & Foreign Power April June.

U.S. Dollars

There were sellers at 20 3/18 December, 29 1/8 January. 29 1/18 February and 29 March, buyers at 29 1/4 for cash. 29 3/16 January: 29 1/8 February and 29 1/16 March.

"Shanghat Dollars Sellers probably at 180 for Spot. Shanghai Market

Steady. There

Sterling at 8.21/64 for Spot and

V. S. Dollars sellers at 16.33/16 for Spot

ཀ,ནཱནབྷཨཱརསན།

Shanghai Exchange

Omcial T.T. Rates

London

New York

Japan

Pars

Hongkong

Amer. Metals Co. Amer. Radiator....

Amer. Rolling Mill ........................i.. Amer. Sting and Ring Co. Amer. Sugar Ring Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper

QUOTATIONS

Martin. Glen L.

McKesson & Robbins, $3 pí.

Montgomery Ward

at. Dairy Products

Nat, Distillers

National Gypsum

|National Load

North American Co.

Northern Pacific

Pacific Gas & Elec.

Pacific Lighting"

Phillips Petroleum

រ

$35

$241

.74 cts, Hong Kung Minn.........

Lands, Hotels, and Buildings

H.K. Hotels............................... H.E. Lande .......... $63), $107) Do. 4% Deboatures 49 40 Shanghai Landa B.

H.K. Realtis consen

00

Humphry

Chinsse Kataton .................... Cotton Milla

#1540 gwo (8)

$40

Zoong Sings (B.) *******

Public Utilities

1361

New York, December 17,

B

$8.80

SINGAPORE RUBBER

Dec. 16 buyers sellers 27-5/8 27-7/8 28

28-1/4 28-1/4

change

up 1/4 1/8

Dec. 17 buyers sellers

27-7/8 28-1/8 28-1/8 28-3/8 - un 28-1/2 28-3/8 28-5/8 up 1/8 Influenced by conditions prevailing in London and New York the market opened 1/8 of a cent higher for all deliveries as compared with Friday's closing rates.

Throughout the session the market displayed a quiet and "dull undertone. Moderate enquiries for "actuals" by consuming centres were in evidence, whilst dealers and speculators were disinclined. to operate either way to any larger extent.

L

Towards the close of the sesalon" however, the market became steadier on some buying, chiefly accredited to trade-accounts, result- ing in a slight price-ddvance of 1/8 cent for all deliveries,

Closing tone was quiet, but steady

It would appear that the uncertainties with regard to Sterling So are still exercising a restraining induence upon the market, whilst reports of continued satisfactory Motorcar-production and of general business-recovery in USA. fail to stimulate sentiment for the time

$8.10 being.

8.00ha Cotions (8-) .............

C.All M6.20

$10%

$24

Wing On Textiles. (8.)

$17.10

Tramways

#81

be

Pask Trams (old).....

*61

T!

SPOT APRIL-JUNE JULY-SEPT.

Baj

Peak Trams (Daw}...

#72

Market idle.

Star Ferries

123

9x11

نوجو

8:31 36

*3/*

$147 $151

824 12-.30/70

ལྷ་ཚོ་ཁསྐ

LONDON BUBBER

Previous close buyers sellers

B

-8-1/18 3-1/3 8-1/4

To-day's close buyers sellers"

8 8-1/8

change

8-1/16 unch. 8-1/4

8-3/16 8-5/16 8-3/16. 8-5/16

NEW YORK COTTON

The market opened quiet, with price changes narrow. Scattered buying was offset by unfavourable cables and liquidation. Later, the market improved on moderate trade and speculative buying and finally closed steady, and fairly active on more trade interest and favourable conditions in dry goods trade.

NEW YORK RUBBER

Market was very quiet but more or less featureless, apart from moderate switching. Professional trade, interest were moderate buyers.

CHICAGO WHEAT

Market very quiet and narrow, owing to lack of incentives and support. Towards the close, the market mildly eased on weak over- 5203 cables, liquidation and favourable Argentine crop reports.

N. Y. Commodity Market

$10.10

10

158

Y'mati Forrian C.B.5

Do. (new)$ $14 China Lights. (old)...... $10 (China Lights (new)......

H.K. Electrica

Macao Electrica..........

·Bandaknu Lightā ..................

123 Telephones (old)................. $3.50 Telephones (DeW)...... 21,3 Traiste

Tractions (prof.).....

Industriais

| Cald.; Marg. (Und) 8.

| $1.70. Canton Ioes

8158 Cemania,

81+ Hopes MOAN

Miscellaneous

Dairy Farma.....

Ch. E'iainments......... $6.3 Constructions (old)....! $140

Constructions (DSW)...

Lane Crawfords........................

Nanyang Tobacco.....

Watsons ....

$14

$13

Cald., Macg. (Prxt.) 8.

Wax Powalls........

*Sales to Shanghai

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

"London, December 15. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation

and no responsibility is assumed for errors in transmission.

#:71 $58

817

$101

STOCKS

Last Sale

STOCKS

Last Sale

Dec, 17

Dec. 17

Adams Express

101

Alleghany Steel Co. Allis Chalmers

201

461

Int.. Tel. & Tel Johns Manville Kennecott Copper

91

103

081*

Libbey-Owens-Ford

Glass

971

Lockheed Aircraft

31

Loew's Inc........

Ameri & Foreign $7 p...

171

Amer. Locomotive

273

1:

38

Monsanto Chemical

1061

સળ

17

$11

21

501

#8

201

Hincares

1471

$7.45

$7,40

851

Nat. Power & Light

13%.

Ch.0.6% 19950 Bds.

H.K.

'Gori. 4% LoGNI

131

Nat. Supply Corpn.

pm

$108

140

341

New York Central

pai

H.B. Gort 44% Loqos $100

158

H.K. Wing Un.................

37

were sellers of

Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohlo

374

N. American Aviation

S'hai Wing On

31"

Vibra Piling

$7

61

16/0

Marsmans Inv. (Lon.)

Barber. Asphalt Co. Sarnsdall Of

201..

30

Marsmans Lay. (H.K.)

(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)

173

90 clo

90 cu

$

Bethlehem Steel

75

Packard Motors.

42..

Boeing Airplane Co.

321

Paramount Pictures

Borg-Warner

31

Pennsylvania R.R.

Biggs M'facturing

297

Phelps-Dodge

Brooklyn-M'hattan

Trans,

124

Shanghal, Dec. 17.

B'klyn-M'hattan $6 cum pf.

401

Public Service of, NJ,

Opening

Canadian Pacific R'way.

Б

Pare Oll

New York Cotton Mar. New York Rubber Chicago Wheat

Corn Chicago Winnipeg Wheat.

Mår.

May

May

May

Prev. To-day's High Low Close Close Change 3.24 8.17 8:17 8.21 .04 up 16.20 16.15 16.11 18 15 667 65+ G6! 661 -52 511 517 617 60% 614

.04 up

off

+

513

61

i:off # off

0/8

¿Case; J.I.

Radio Corpn. of. Am.

15-5/8

Chesapeake & Ohio

35+

Republic Steel

NEW YORK COTTON

56-7/8

Chrysler Corpn.

81a

| Reynold Tobac. “B”

Close

Opening Closing

Change

5.4B

Columbla Gas &z El.

63

Schenley Distillers

2

£

53-3/8

Columbia 6% "A" pt.

764

Schenley, 51% pfd.

War Loan, 31% (Red.

Commercial

58

Sears Roebuck

after.. 1952)

Commonwealth & 8. (ord.)

12

Shell Union Oll

Sterling

C'wealth & 8. 8% cum pr.

481

|Socony-Vacuum Oll

Consolidated Edison

291

Southern Pacine

B1

Southern Rly $5 pfd.

394

Standard Brands

302

Bland Gas & Elec.

632

Standard Oll of N.J.

64

Stone & Webster

261

Swift International

Canton-Kioon Rly. 5% Chinese 44% Gold Loan,

1898 (Brit. Issue)....... 75-1/2 Chinese 5% Gold Bonds,

1925-47

Chin. 41% Anglo-French

Loan, 1908

Chinese 5% Crisp Loan,

.1912

98-1/16 18

S'hat Waterworks "A".. 19-1/2 Union Insurance

31-1/2" Gula Kalumpong Rubber 20/1 Allied Ironfounders ...... 10/1 ABSO. & Elec. Industries 38/9, Austin Motors, ord.

January (1939) March May July

8.20/20

8.18/17

8.24/24

04. up

( }

8.17/17

8.18/17

8.21/21

.04. up

7,97/98

7.86/97

8,00/00

.03 up

(

}

7.89/70

7.58/68

7.72/12

03. up

እነ

October (..)

7.41/41

7.42/42

7.46/48

.05 up

25/-

73-1/2

Cable & Wireless, New

Form, ord.

December ( Spoti

}

7.43/43

7.43 N.

8.62 N

8.00 N

.04 up

36-1/4

.68

3.-A. Tob. (bearer)

NEW YORK RUBBER

98/11

Cammell Laird, ped.

7/41

37-1/4

Mexican Eagle

December

51-

Distillers Corpn. Seagrams

192

Technicolor ......

Chinese 5% Reorg. Loan,

·

Courtaulds

.28/41

March (1939)-

Douglas Aircraft

777

Texas Corpn.

1913 (Ldn... Is.)

55

Distillers

90/3

May

Du Pont de Nemours

149

Texes Gulf Sulphur

Chinese '5% Ster: Notes,

Dunlop Rubber

23/-

15-31/32

Eagle Picher Lead

12

| Trans-America. Co.

1925 (Vickers)

13-1/2

Gen. Electric (England) 76/9

September October

18.15b 16.11/12 16.15b/202

18.15/14 18.09/09 16.08b/12a 16.106/12a

16.27b/32a 18.15/15 16.08/10 .01 of 18.11b/15a. .03 up 16.08b/152 .02 of

Elec, Bond & Share

101

20th Cent. Fox.

Elec. Bond & Share $5 pr.

62

20th Cent, Fox. $1 pL.

Chin. Imperial Rly. 5%

Loan

Guinness (A) Son & Co. 104/6

Sales for the day:-

290 tons

Elec. Bond & Share $6 p.

60

Elec. Power & Light $7 pf. Filatkote Gen."American Trans.

36

Union Pacific

277

United Aircraft

56

Union Carbide & Carbon....

United Airlines Trans,

Honan Rly."5%

Hukuang Rly, 5%. 1911... 25

Hukuang Rly. 5%. 1011

(German Issue)

PRR R

12

Hawker Siddeley Airc.... 24/~

26

Bristol Aeroplane-

23.

Imperial Chemical Ind. 30/11 Imperial Tobacco

******** 129/4 Marks & Sp'cer "A" ord. 55/6

22/3

CHICAGO WHEAT

December May

634/83)

664/663

43

United Corpn.

Lung Taing & U. Hal Rly,

Rolls Royce'

1107- July

607/661 661/661. 661/66

631/631 66+/664

off

I off

654/657

+of

491'

United Corpn. $3 cum pt. 341

5%

231

United Gas Corpn.

24

S'hal-N'king Rly 5% Tientsin-Pukow Rly. 5%

244

US. Rubber

13-1/2. 24.

18-1/2

Leyland Motors ...

69/4)

Friday's Sales:-

6,234,000 bushels

Tate & Lyle ......

54/6

Turner & Newall

77/10/

CHICAGO CORN

United Steel

22/8

842

US Rubber $8 pfil.

Smethwick Drop Forg... 16/8

381

U.S. Steel'

18

Great Northern Iron Ore

137

Vanadium

December May..... July

Great Northern Rly, pfd. 201

Warner Bros. Pict....

Great Western Bugar

241

401/401 517/52 517/512 514/512 521/521 521/521 521/521

WINNIPEG: WHBAT

401/491"

off

Greyhound Corpn.

201

10%

€21

537

December May July

60/60)

591/591

814/617 611/611 623/623

813/01}/

81/611 611/61

"off

bid.

!mek alv.

Open Market-Selling Rates

Spot December January February

Closing Opening 0/8-5/16 0/8-5/16 0/6-5'16 0/8-5/16 0/8-19/64 0/8-19/64 0/8-15/64 0/8-15/64 U.S. Dollars

Openng Closing $16-3/18 $16-3/16 16-3/18 16-5/32 16-1/8 16-3/32

Spot December January February...... 10

Market. Very quiet.

Merchant. Bates

Sterling, 0/8-5%1&· . U.S. Dollars, $16–1/8.

Silver Duty Rate

| Consolidated On

Continental Can Continental Ol Corn Products Curtiss Wright (C) Curtiss Wright "A"

The Central Bank of China's Gen. Electric rate on London at 10 am, to-day Gen. Motors

Was

1/2-1/24, unchanged from Gen. Railway: Signal

Glidden Co."....

yesterday.

The Equalisation rate was 4 per Goodrich (B.F) cent.

Goodrich $5 pf. -Reuter. Goodyear Tire & Co.

London Exchange.

London, Dec. 17.

Closing mean rates were is

follows:-

Paris, 177-37/04.

.New York, 4:01

Montreal 4.71-3/4

Brussels 27,75}

Geneva, 20.88

Amsterdam 8:59-3/4::..

Milan, 88-13/18

Berlin, 11.64)

_Prague, 136,

Hecker Products

Homestake Mining Int, Nickel

ཡཙྪཊྚེཡྻཚོ།ཙྪཱཀྐཎྜསྶཧྲྰིཀྑའོ།*ཨྰཿཏྲྰཾབྷཱ་ྲཝབྷཱབྷཱཨྰཿཞཱ ཿ8ཙནྡྷནྡྷཝཱ བྷཱཙཱཊྛཝཉྩེxདྷཙྪཊྚནཱ བྷཱཝནྡཊྛཱནྷིཙྪསྶཝཏྟཱ །སྶ

United Gas Improvement 208

Westinghouse Elec... 1184

Woodward, Iron, Cor.

Chase National Bank National City Bank

DOW JONES AVERAGE

(Brit. Stpd.) Tientsin-Pukow Aly. 5%

(German Stpd.) Tientsin-Pukow Rly. 5%

(Brit. Stpd. Supl, Loan) 18 Tientsin-Pukow' Rly. 5%

"(Ger. 8tpd. Bupl Loan) 18. Jap. 5% Ster, Loan, 1907 45-3/4 Jap. 8% Ster. Loan, 1924 55 Ger, 7% Intl. Loam, 1924 44-1/2 Chartered Bank

Armstrong Stevens, ord.

8/3 Pressed Steel, com. ...... 14/- Vickers, ord.

21/9 Woolworths

....... 57/0 Anglo-Dutch

..... 25/3 Rub. Plant. Invest. Trust 27/3 Burma Corporation 8/7 Commonwealth Mining. 1/8 Marsman Investments... 15/8 Randfontein Estates 41/8 Western Holdings Sub-Nigel ier

9-1/8

HK. & 8'hai Bank (Ldn.

Reg.)

70

12/8

H.K. & S'hai Bank (Col

236/3

1918

High

Low Dow Jones Averages

158,41 88.95 80. Industriale

Deo. 2. 160.89

83.18 19.00 20 Rail

30 51

Dec. 18, 1938, High Low Close 180 90 150,03. 150.38 30.53 30.18 3

Reg.)

B1

Change

25.19 1.14 20 Utilit

22.42

Buenos Aires, 20.04

97:10 83.39 40 ̋ Bonds

89,59

Other rates unchanged. Wireless.

59.00 – $5,08-11 Commodity Index 47,63

.58 of .18 of 22.45 33.25 $2.29.13 off * 80.34 18 of 47.67.04 ug Business Done: -430,000 shares

Chinese Eng. & Mining

(beater).....

18/-

| Tanami Gold Mining........... '60,

Anglo-Iranian : "88/9 Burmah

83/13

December March

NEW YORK HIDES: (New Contracts),

12.05. N unquoted 12.17 N 12.45/45. 12.52/52, 12.57/57

NEW YORK-5TRAITS TIN

Chosen Corporatior...... Pekin Syndicate

7/8. 2

S'hai Mec, Constr.. Co..

25/-

Nominal.

Shell Trans. & Trad.

(bearer),

*—ex-dividend

81/3

Reuter,

March

45.86 b/48.20a 45.80b/46.15a 45.80/46.15% NY Bliver, Oficial... 42-3/4 NY-L'don Cross Rate... 4:68-7/8°

unquoted 4.67-9/18