1938-12-30 — Page 12

London

TR/K

New York

Japan

Paris

PAGE 12-HONGKONG DAILY PRESS

16

MONEY AND EXCHANGE

CLOSING QUOTATIONS Shanghai Exchange

||

DECEMBER 29, 1939

"On London) -----

Telegraphic Transter:

Bank Bills on demand Credits 4 months" sight

SILVER MARKETS

NEW YORK SILVER

New York, Dec. 28. Little speculative selling. Sup- port limited. Market steady. In the afternoon, the market was quietly steady, with buyers at the Tate and sellers at 1/18 over.

Spol.

202. 19-1/2d.

-Reuter

Official T.T. Rates

Shanghal. Dec. 20.

Opening

08.

15-5 R

58-7 8

Forward

$1400

£83)

5.48

On Rhanghal-

On demand

172 rom

Hongkong

53-3 8

NEW YORK SILVER

On alngapore:--

Open Market-Selling Rates

New York, Dec. 28.

On demand

34

Sterling

Official Price, 42-3/4.-Reuter.

213 188

On Japan:---

On demand,

B

Spot

On India:-

'Telegraphic Tronster.

#3

and demand

December.... January ...... February

거

On New York:---

Bank Bills, on demand 28 79

On Batavia

Credita, 80 days' sight 29 3/8

On demand

: Spot

Opening Clcsing 0/8-37/84 0/8-31/64 0/8-37/84 0/8-31/64 0/8-0/16 0/8-29/64 0/8-33/64 0/8-13:64 U.S. Dollars $16-11/16

BOMBAY SILVER

Bombay, Dec, 28.

Market-Qulet but steady.

Oirtake 20 bars.

DEO.

Banks

.H.K. Banka

Do. (Col. Reg.) Do. Lon. Reg.)... Chartered Bank

Mercantile ks. "A" Marcantile Eks. "C" Bank of East Asia... N. C. & B. Banks

Insurances

$20) Canton insurances

Union Insurances Underwriters

$178H.K. Fitos

FINANCE

HONGKONG

STOCK EXCHANGE

SHARE QUOTATIONS

SHAREBROKERS- ASSOCIATION

NoTHURSDAY 29.

Buyers Sellers Sales Nomina

$1400

£88

£83)

£271

£13

$X.B

$2

BY00

$485

70 ctx,

+1:0

Indian Mint Silver

Shipping

Ready

December January

18-11, 16

10-5/8

53/18 February

16-1/2

$16-1/2

51-05 51-04 16-1 2.Jan. 18 Settlement... 51-04 51-03 51-02 51-01 18-13 32 Feb. 14. Settlement

-Reuter. 16-9/32

183

Douglases

$18

Steamboats

$19

FRIDAY, DECEMBER 30,

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

1938.

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

New York, December, 28, 1938.

SINGAPORE RUBBER

SUO

Indo-Chinas

(Prof.

858

624

Indo-China (Def.)...

$24

80/7

Bholls

180/71

On Parts:-

1.

Market.Uncertain.

Unofficial Quotations

+99

Bank Bills, on demand 1090 Credits 4 months' sight 1145

On Saigon

Merchant Rates Sterling. 0/8-1/2. US Dollars, $18-1/2.

Bombay, Dec. 29.

Ready

51-02

On demand

109

-Reuter

Or Manlia: --

On Bangkok-.

On demand

On demand

47 78

Silver Duty Rate The Central Bank of China's rate on London at 10 am, to-day 1/2-1/2d.. unchanged from

January 18 Settlement February 14 Settlement 50-15

Market.Quiet.

#118

Waterboata

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves

SPOT

JAN.-MARCH

APRIL-JUNE

51-01

14.35

Providenta (old)

$0.15

Providents (new)

H.K. & W. Docks...

clot

-Reuter.

$17

Do. (now)

3100 Shanghai Docks S.

Sterling Notes: ---

Bank Buying Rate

-1.18

Bar Silver per oz.

Market Report

S

yesterday.

The Equalisation rate was 5 per cent.--Reuter.

London Exchange

RESERVE BANK OF INDIA RETURNS

Calcutta, Dec. 28.

$3

Dec. 16 Dec. 23

as

Berlin, 11.63).

was

Market

Steady

Storting

There were sclters at 13 Decem- ber/January, 1/2 31/32 February April and 1/2 15/16 May July, haytirs at 1/3 1/32 Cash (January. 1/2 February /April and 1/21 31/32 May July

U.S. Dollars

There were sellers at 29 3 16 first half of January, 29 1/8 first

Amer. & Foreign Power

halt of March. buyers at 29 1/4 Ameri & Foreign 7 pt.... 187 for each. 29 3/16 January, 29 1/8 Amer. Locomotive February and probably 23 1:18 Amen. Metals Co. March.

Opened with sellers at 174 1/2Amer: S'ting and Ring Co. with business done subsequently Amer, Sugar R'ing

at 175 1/4 for Spot.

Shanghai Market Opened with sellera at. 8. 37764 but subsequently eased off to 8. 33/84 for Spot. US Dollars open- ed with sellers at 16. 11/18 and closed at noon with sellers at 16. 9/16 for Spot.

AFTERNDON MARKET The market was quiet in the `afternoon.

Sterling

The market closed with sellers at 1/3 December (January) "1/4 31/32 February ƒ April and 1/2 15/16 May July, buyers at 1/32) higher respectively

U.S. DollarS

Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohto

Biggs M'facturing Brooklyn-M'hattan Trans. B'klyn-M'hattan $8 cum pr. Canadian Pacific R'way. Case. J.I.. Chesapeake & Ohio Chrysler Corpn

The market closed with sellers Columbia Gas & El. at 29 3/16 December first half Columbia 6% "A".

or January. 29 1/6 frst half of Commercial

From Rota Bros.

Silver prices dropped 3/16 yes- terday for both deliveries, the quotations being 20 for Ready and Silver advices 19. 1/2 for Forward

market reported the

being "stendy with very little support. Speculators sold to a small extent. The market closed with buyers at the quoted rate, sellers bid 1/16!

Suver higher. American quoted at 42 3/4 for Spot.

The London New York cross- rate was quoted at 466. 62. New York /London was quoted at 466. 5/8

Paris. 177-7/64. New York, 4.66-5" 8.

Montreal, 4.71).

Brussels, 27.69.

Geneva, 20.68.

Amsterdam, 8,581.

Milan. 88-11/16,

Buenos Aires. 20:42)....

Other rates were unchanged. British Wireless.

STOCK EXCHANGE

(Through Reuter's Service)

QUOTATIONS.

"London, Dec. 28. Closing mean rutes were as fol- lows: -

Notes in circulation (including Notes

| #500 Now" "Engineering, S.

17/6 Kalna

8.35 Raubs

Venezuela Gold Fide

7 etxiong Kong Mines... Lands. Hotels and Buildings

635 $3.15

817)

331

Dec. 23

Dec.28 buyers sellers buyers sellers

28-1/8 28-3/8

28-1/2 28-3/4 up 3/8 28-3/8-23-5/8 28-5/8 28-7/8

up 1/4 28-5/8

29 28-7/8

29-1/4 up 3/8 After the X'mas holidays the market opened 3/8 of a cent higher for all deliveries as compared with Friday's Closing rates.

demand After the opening the market ruled steady. Fair

for "spot" Rubber by consuming countries induced some buying of "futures" by dealers and speculators.

change

Mining

17/8 $2.00)

ابه

Subsequently, however, the market, became ensler, whilst prices registered a decline of 1/4 cent for all deliveries due to some liquida- tion which chiefly consisted of profit-taking.

Closing tone was easy..

Malayan Rubber Statistics were released as follows:-

Nov.

1.

held in the Bank- ing Department). 20,696 20.631 Rupee Coin and Eul-

$170 $0.65 36.70 826

1.K. Hotels. HI.K. Lands 9.

Oct. 1938

$6:0 €36

Total Dealers' stocks in Malaya

llon in India........ Gold Coin and Bul- llon in India ......

4,154

4.154

83

$107.4"Debenture

Shanghai, Lands I.K. Realties Humphreys ....

$106

Total Estates' stocks in Malaya

37,815 44,414 Toris 42,295 38,898

S.

85

Production on Estates of over 100 acres Production on Estates of less than 100 acres

18,026 18,448

5,312

9,648

18.50

Chinese Estates

4,154

4.154

LONDON RUBBER

Colton Mills

Securities ( Indtun

3182

Kwas (8.)

#187

Government)

3,235

3.335

dil4

S'hai Cottons (8.) ...

8102

Securities

(British

Zoong Sings (B.)....

$24

Government)

5,950 5,950

$10

Wing On Textiles' (S.)

$42

SPOT

Public Utilities

(Figures in lakhs of Rupees) -Reuter.

$171

317.20 APRIL-JUNE

Previous close buyers sellers

8-1/8 8-3/16 8-1/4

Tramways

go

Pauk Trams (old)

181

JULY-SEPT,

8-5/16

Poak Trams (new)

13)

Market steady.

To-day's close buyers sellers

8-3/16 8-5/16. 8-5/16. "'8-3/B 8-3/8 8-3/8 8-7/16 Little first-hand selling was well absorbed.

8-1/4

change up, 1/16

· up 1/18

up 1/18

3714

Star Ferries

NEW YORK

13

$671

$10.60

123

STOCKS

Last Sale!

STOCKS

Last Sale

$1,60

Telephonse (DOW)

Dec. 28

Dec. 28

Tractions

.:1.3

Adams Express

101

TH

Alleghany Steel Co. "Allis Chalmers

201

481

Amerada Corps............. Amer. Can

661

DO

half of February and 29 1/16 first

21

Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford Lockheed Aircraft Loew's Inc.

9

.5,U

Tractions (pref.)

102

Industrials....

Cald., Macg. {Orch) S.

417

$13

Glass $11

Cald., Macg. (Frcí.) S. $1.70 Canton Ines.....

$1.00

36.

#154

523

| Martin, Glen L

342

291

McKesson & Robbins. $3 pl.

372

Monsanto Chemical

1061

36.90

Shanghai Dollars

Amer. Radiator

Amer. Rolling Mill

·172

Montgomery Ward

511

201

Hat, Dairy Products

121

38

Cements

Ropes

Aliscellaneous

Dairy Farms

Ch. E'tainments ......

Lane Crawfords

$15

342

$24)

$8.20

Constructions (old)

Constructions (new)

514

Nat. Distillers

267

Nanyang Tobacco

191.

National Gypsum

151

Hincares

148

National Load

Watsons

37.40

201

76 Ch.G.5% 19250 Uds.

887

Nat Power & Light

72

"/pa

123

Nat. Supply Corpn.

144

II.K. Govt. 4% Loans H.K. Govt. 31% Loan

9106

N. Y. Commodity Market

$100

.37

341

New York Central

201

$36.K. Wing On

S+

392

N. American Aviation

18

4)S'hat Wing On

31

North American Co.

214

7

Northern Pacifc

131

Barber Asphalt C

191

Pacific Gas & Elec.

291

Barnsdall Ol

181

Pacific Lighting

424

Bethlehem Steel

73

Packard Motors

41

Boeing Airplane Co. Borg-Warner

33

Paramount Pictures

124

311

Pennsylvania R.R.

221

Vibro Piling

15 Maramans Inv. (Lon.)

Karinans Inv. (K.)

90 als, Wm. Powelle

*Sales to Shanghai

LONDON STOCK EXCHANGE

$6.80

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

311

Phelps-Dodge

42

111

Phillips Petroleurn

421

32

Public Service of NJ.

304

(REUTER'S SERVICE)

51

Pure Oil

101

871

Radio Corpn. of Am.

71

357

Republic Steel

231

821

Reynold Tobac, "B"

421

H

the market in London. All quotations are subject to confirmation and no responsibility is assumed. for errors in transmission.

London,' December 28.

The following quotations are the middle prices at the close of

New York Cotton"

Mar.

New York Rubber

Mar.

Chicago Chicago

Wheat Corn Winnipeg Wheat

- May -May

May

Prev. To-day's High LOW Close Close Change

8.47

8.33 8.33

8.46 .13 up 16.58 16.50 16.58 18.53 50 on".

68 881 53 524 52+ 631 621

681 681

33 621 63

tup + up

up

NEW YORK COTTON

J.

I

Close

Opening Closing

Change

睡

Schenley Distillers

181

£

3

70

Behenley, 54% pid.

661

581

Sears Roebuck.

731

War Loan, 3% (Red.

after 1952)

February and 29 1/16 first half commonwealth & 8. (ord.)

14

Shell Union Oll

143

Canton-Kloon Rly. %

of March, buyers at 29 1/4 for Cwealth & 8. 6%. cum pf:

441

Bocony-Vacuum Ou

121

Chinese 41% Gold Loan,

cash, 29 3/16 January, 29 1/8 Feb Consolidated Edison

291

Southern Pacific

191

4

JI

ruary and probably 29 1/16 March. Consolidated Oll

Shanghai Dollars

Continental Can

Sellers probably at 176 1/2 for Continental Off Spot.

Shanghai Market Sellers were indicated at 8. 1/2

for Spot and UB. Dollars at 10.

1/2 for Spot, Weak

New York Exchange

New York. Dec, 28. TT on London (Opening Rate: 4.66-15/16. Reuter.

Calcutta Exchange

Calcutta, Dec. 28.. TT. on Japan, 78-5/8-Reuter

India Rupee Paper

Bombay, Dec. 28. Gort, 3-1/2% Rupee, closed.

-Reuter,

Paris Exchange

Paris, Dec. 28. Sterling was quoted at 177.05

177.10: US Dollar at $7.95.

Berlin Exchange

-Transocean.

Bedia, Dec. 28,

Was The Reichmark

quoted without guarantee at: New York 40.10, Paris 1523. Amsterdam 73,75 to 73,80, London 11.045.

-Transocean

Com Producta

81

Southern Rly $5 pfd.

331

411

Standard Brands

61

1898 (Brit. Issue)..... 77 Chinese 5% Gold Bonds,

1925-47

75-1/8

201

Stand Gas & Elec,

31

Chin. 41% Anglo-French

S'hai Waterworks "A"... 19-1/2* 31-1/2" 97-15/16 Union Insurance

Gula Kalumpong Rubber 21/3 19

Allied Ironfounders

19/0 Asso. & Elec. Industries 38/8 Austin Motors, ord....... 24/8 Cable & Wireless, New

Form, ord."

January March May

(1930) (..)

8.28/26

8.25/24 8.40/43

.14 up

8.33/34

8.38/35

8.46/47

13 up

< ..) July (..) October (..) December (w) Spot

8.15/15

8.15/14

8.27/28

.iz, up

7.85/85

7.87/88

8.00/00

15 up

7.54/54

7.54/54

7.68/68

14 up

7.59/59

7.67/57

7.71 N

.12 up

8.78 N

8.91 N

.13 up

631

Standard Oil of N.J.

511

Loan, 1908

58

E-A. Tob. (bearer)

34-1/4 $4/4)

NEW YORK RUBBER

[

Curtiss Wright" (C.)

67

Stone & Webster

161.

Chinese 5% Crisp Loan.

Cammell Laird, ord.

Curtiss Wright "A"

281

Swift International

271

1912

.37-1/2

Mexican Eagle

7/41 5/3

March

(1939)

Distillers Corph. Seagrams. 201

Technicolor

21+

Chinese 5% Reorg. Loan,

Courtaulds

Douglas Aircraft

771

Texas Corpn.

487

1913 (Ldn. Is.)

BT

51

Distillers

28/41 89/-

May.....

Du Pont de Nemours

150

Texes Gulf Bulphur

31

Chinese 5% Ster. Notes,

Dunlop Rubber

23/11

September October

18.58/60 16.48b/50a 16:49b/53a 16.65 A

10.53/53 16.55/50 16.48/49

18,40b/43a 10.40b/45a ...09 .off 16.40 A..

.25 off

.05 off

.06 off

Eagle Picher Lead

132

Trans-America Co.

61

1925 (Vickers)

13-1/2

Elec. Bond & Share

01.

20th Cent. Fox.

251

Chin. Imperial Rly. 5%

Elec. Bond & Share $5 pf.

58

20th Cent. Fox, $14 pf.

331*

Loan'

73

Elec. Bond & Share $6 pf.

03

Union Carbide & Carbon....

88

Honan Rly. 5%

28

Gen. Electric (England) 78/3 Quinness (A) Bon & Co. 104/6 Hawker Siddeley Airc... 24- Bristol Aeroplane

Sales for the day:-

860 tons

CHICAGO WHEAT

22/6

Elec. Power & Light $7 pf. Flintkote ....

351

Union Pacific,

921

Hukuang Rly. 5%, 1911... 25-1/2

287

United Aircraft

417

Hukuang Rly. 5%, 1911

Imperial Chemical Ind. 30/14 Imperial Tobacco

May

681/08

129/41

Gen. American Trans,

581

United Airlines Trans.

12

(German Issue)

23-1/2

Marks & Spicer "A" ord. $5/3

July September

68/681 677/671 08/681

6847687

68+/681

681/681

69/69

998

Gen, Electric

431

United Corpn.

21

Lung Tsing & U. Hai Rly.

Rolls Royce'.........

109/4)

Gen. Motors

50.

United Corph. $3 cam, pf.

34

5%

Gen. Railway Signal

25

United Gas Corpn.

21

13-3/4 S'hai-N'king Rly. 5% 24-1/2.

Leyland Motors

Tuesday's Sales---

60/3

Tate & Lyle

54/41

Turner & Newall

12,998,000 bushels

CHICAGO CORN

Glidden Co.

23

United Gas Improvement 11

Goodrich (B.F.)

24

US. Rubber

524

Tientsin-Pukow Riy. 5%

(Brit. Btpd.)

75/71

17-172

United Steel

23/41

Goodrich $5 pf.

65.

U.S. Rubber $8 pid.

1011

Goodyear Tire & Co.

371 U.B. Steel........ 132 Great Northern Iron Ore ... Great Northern Rly, pid... 291 Great Western Sugar .....

25 Greyhound Corpn.

671

Vanadium

27-

Warner Bros. Pict,

51

Westinghouse Elet.

1181

Tientsin-Pukow Rly, 5%

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

(Brit. Stpd, Supl. Loan} Tientsin-Pukow Rly. 5%

Smethwick Drop Forg... 16/6

May

17-1/2

Armstrong Stevens, ord: 8/3

July

Pressed Steel; com.

14/6

September

521/521 628/627 53/53 538/53 547/541

up

639/531

63+/531

547/542

$$$

17

Vickers, ord.

22/6

WINNIPEG WHEAT

Woolworths

58/-

·201

Woodward Iron Cor.

247

Hecker Products

104

Homestake Mining ..... Int. Nickel

04

Chase National Bank National City Bank

301*

231*

551

(Qer, Stpd. Supl Loan) 17 Jap. 5% Ster. Loan, 1907 44 Jap. 6% Ster. Loan, 1924 53-1/2 Ger. 7% Intl. Loan, 1924 43-1/2 Chartered Bank

Anglo-Dutch

25/3

Rub. Plant. Invest. Trust 27/3 Burma Corporation

8/6

Commonwealth Mining.. 1/4

December May July

611/611

811/614

823/624

621/83

631/831

9-1/8

*...-bid.

H.K. & Bhail Bank (Ldn.

Marsman Investments... 15/101 Randfontein Estates

39/7/

Reg.

83-1/2

Western Holdings

12/0

March

DOW JONES AVERAGE

1928

High Low Dow Jones Averages. 159.41 88,95 30 Industriāla

88.18 19.00 10 Raile 95.19 114 90 Utilitie

12.70 83.39 40 Bonds

89.57

59.00 45.08 11 Commodity Index 49,39

Dec. 29, 1936, Dec. 17. High Low Oingo Change 150,43 151.95 149.59 151.45 - 199 op

31 55 22.87 31.04. 2LIS

.87 up

Chosen Corporatior 31.0 21.34 21,95 PLAS 38 up Pekin Syndicate

99.61 49.53

HK. & Bhat Bank (Col

Reg.)

Sub-Nigel

227/0

June

88

Tanami Gold Mining......

6d.

Chinese Eng. & Mining

(bearer)

Anglo-Iranian

28/9

17/8

Burmah

82/0

7/-

Shell

· Trans.

2/-

(bearer)

09 up 14 up

B'hal Elec. Constr. Co.

25/-

Nominal.

& Trad.

f-ex-dividend -Router

March

80/71

631/631 634/63 631/830

NEW YORK HIDES; (New Contracts)

12.82/85 12.76/778 12.86/88 l; 13:24/24 13.11b/15a 13.17/19

NEW YORK-STRAITS TIN

46.25b/50a NY Silver, Official 42-3/4, ©NY-L/dọn 'Cross Rate... 4.88-1/2

ធម៏ ៩ ·

40.15b/450

46.35b/50& 42-3/4 4.86-5/8

Basiness Doner-2,160,000 sharDA

Yali Forties C.R.S

Do. (new)$

China Lights

H.K. Electrics

$17 Macao Electrics

Sandakan Lights [Tolephones (old)

1321

$22

China Lights (0)

cum.irts

19,60

Hts.

#371

813

$8

29/

-NEW YORK COTTON

Early in the session, the market was irregular, but later armed up under the lendership of January short-covering, scarcity of offer- ings, favourable conditions in dry-goods trade and better foreign de- mand.

NEW YORK RUBBER

Prices ruled higher on good foreign cables, but later eased ori Eastern selling and the uncertain foreign situation.

CHICAGO WHEAT

The market advanced on firm · Liverpool advices and unfavourable weather reports, while the political uncertainties in Europe were a steadying factor.