PAGE 12--HONGKONG DAILY PRESS
·MONEY AND
EXCHANGE
LONDON METALS
EXCHANGE
On demand
32 7/8
On Paris:-
Bank Bills, on demand 1990 Credits 4 months' sight 1145
On Saigon
On demand
100"
On Manila
57 3/4
SILVER MARKETS
મકર
Bank Buying Rate
.. 1/3-1/16
Bar Silver per oz.
:0
London Dec. 31 Silver-Bears covered. Business small. Market qulet.
Spot
19.35
Forward ...
23-1/18d. 19-11/16d.
-Reuter
NEW YORK SILVER
New York, Dec. 31. Silver. Official, unquoted.
$-.80 27 6381
$37
-Reuter.
80.30
ROMBAY SILVER
Bombay. Dec. 31. Market-Quiet.- Offtake 15 bars
Indian Mint Silver
+
LONDON GOLD
61-05
London, Dec. 31'
51-04 $1-02 -Reuter.]
Bar Gold, Fine per oz., 149/71. Dollar Party. ld. premium
-Reuter.
$17
NEW YORK
STOCK EXCHANGE
83, K
London, Dec. 90. COPPER
CLOSING QUOTATIONS
£
buyers sellers
£
DECEMBER 31, 1938
Standard, Cush 44-1/2 Standard,
44-5/8
On Londen:-
Telegraphie Transfer. Bank Bills, on demand Credits 4 months' sight 1/33
}jek
3 months 44-3/4 Electrolytic a 50
44-7/8 50-3/4
r
On Shanghal-
TIN Standard. Cash 217 Standard,
On demand
172 noen.
On Singapore:-
3 months 218
LEAD
217-1/2
218-1/8
On demand
13A
On Japan:-
On demana
Foreign,
Official Price 15-7/16 Fereign, Official
On India:-
Telegraphie Transfer. 193
and demand
On New York:--
Bank Bills, on demand 23 13/16 Credits, 60 days' sight 39 6/18
Ou Batavia ;---
3 months 16-1/2
SPELTER
15-162
.15-9/16
Monthly figures in the following table are reduced to a working day average; and, the working day average of comparable receipts in the year 1929 is 100.
1810
CABLE RECEIPTS
INDEX
The following index numbers issued by Cable & Wireless Lid. represent estimated monthly receipts from traffic as related to comparable tral- Be in the year 1929,
These figures have come to be. viewed by an increasing circle of business people as an excellent in- dication of trade conditions, as rise or decline of trade directly cause reaction in cable traffic.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGI
SHARKBROKERS- ASSOCIATION
Buyers | Sellers Sales Nom
$1456) #4701 $1425; 43
SATURDAY $1. DEC..
Buyera Bollers
Banks
H.K... Banka
81460
Do. (Col. Rog}
Do. Lon. Reg.)...
ENGL
Chartered Banki
227
Mercantilo Bks. "A"
£13
Moresatile Bks. "O"
£13
189
Bank of East Anim
N. C. & 8. Beaks
Insurances
$200,
Nomina
TUESDAY, JANUARY 3, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
$485 To sta
$178
Ordinary.
b
Official Price 14
14-1/8
Ordinary, Official
3 months 14-1/15 14-1/8 Final Afternoon Transactions. June Tin, Standard, Cash, £216-3/4 July value.
Aug. Tin. Standard, 3 months, £217- Sept.
Oct. 34 pald and value.
-Reuter. Nov. Dec.
1931 1932 1934 1935 1937 1938 Jan. 78.3 73.4.71.8 73.2 85.8 71.5 Feb. 81.2 82.9 74.7 74.4 84.8.73.7 Mar. 79.6 77.8 72.8 76.2 90.6 74.7 Apr. 74.5 71.4 71.8 74.6 83.7 71.5 May 68.8 67.7 73.1 73.5 78.8 65.3 68.6 84.7 70.1 70.2 73.5 66.4 64.7 13,2 69.8 66.7 73.4 63.1 61.8 69.6 70.7 67.1 73.0 60,2 73.0 71.4 70.3 75.5. 72.0 71.3 77.8 73.2 73.6 78.8 765 69.7 79.0 73.0 71.3 72.7 72.5 68.0 83.6 78.8 80.7 80.1 82.5
Canton InsTRUCKE Union Insurancom Underwriters H.E. Fires
Shipping
$48
$485
70°cts.
¥1:0
*83+
Dougindes
$67
18
16
Steamboats Indo-China,
BID
Indo-Chipas
(Prat.) (Def.)...
858
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York, December 31, 1983.
24
83/6 Shell.
$89/6
SINGAPORE RUBBER ·
Waterboats,
Docks, Wharves, Godowns, etc.
$118
Dec. 30 buyers sellera
"Dec. 31
buyers sellers
change
8113
H.K. & K. Wharves
$35. Se, 40 $8.15 $18.00 $19 817.60 818
Previdents (old) ....
16.35
$3.47
SPOT
28-1/8
28-3/8
Providenis (new)....
$5.15
H.K. & W. Docks... : $19)
Do. (now)
JAN.-MARCH
28-1/4 28-1/2
CLOSEU
$172
APRIL-JUNE
23-5/8
28-7/8
On demand
On Bangkok.......... 'On demand
Sterling Notes:-
LONDON SILVER
Market Report
"Dec. 31, 1938 From Bazz Bros. Silver prices ruse 1/18 yesterday for both deliveries, the quotations being 20 for Ready and 19 11/10 for forward. Süver advices Repor- tod Speculator as having bought. A small business was conė, the market was steady. Later there were buyers at the rate but sellers were reserved. Ameriçan Silver way quoted at 42 3/4 for Spot,
The London-New York cross-rate was quoted at 465.18. New York- London was quoted at 464, 7/8,,
Market
Ready
Jan. 18 Settlement Feb, 14 Settlement
MANUFACTURERS
LIFE INSURANCE
A cable received by the Hong- kang offre of the Manufacturers Life Insurance Company from its head office in Toronto states that insurance in force for 1938 exceeds $572,000,000 Canadian currency), which is a substantial increase over the total for 1937.
9100 Shanghai Docks 9. $3.60 Now Engineerings S.
Mining
17/6 Kailans
Rauba
$3 Venezuela Gold Fids eta Hong Kong. Mines... Lands. Hotels and
$101
$31
Market closed.
17/6
LONDON RUBBER
$8.90
Previous close
To-day's close
buyers sellers buyers sellers
change
Buildings
SPOT
8-3/16 6-1/4
ILK. Hotels
H.K. Lands ........
$6.85 $361
APRIL-JUNE
8-8/18 8-7/16
CLOSED
$107 Do. Debenturas
$10 JULY-SEPT.
B-3/8 8-1/2
CRS
$9.70 Shanghai Lands S. H.K. Reaities Humphreys
| Chinese Estates
Cotton Mills
#18 20 Ewon (8)
$5.15
Market closed.
$8.90
· NEW YORK COTTON
ex.ths, ex. div. 318.10
103 S'hai Cations (8.)
$102
Market closed.
$24
324
Zoong Sings (8.)
$40
Wing On Textiles (8.)
$42
Public Utilities
917.45
Tramwaya
$17.40
1917 43
Peak Trama (old)
161
Peak Trams (now)
s
+
$11
Star Ferries ..........
171
amati Ferriss CES
1221 $92
NEW YORK RUBBER
Holiday conditions prevailed in the Rubber market to-day with trading generally somewhat dull and prices eally moderately declined on liquidation and realising.".
Ki Do. (new)5
C.
Chine Lights (0)
com.'rta
$9.60
CHICAGO WHEAT
Quiet. 77
Sterling
(Through Reuter's Service)
$471
$3.70 93.70 ta 838
Chica Lights
$3.50
Hta.
H.K. Electrica
357
817
Macao Electrics
་་
There were sellers at 1/3 Decem- ber-February. 1/2 31/32 March- April
1,2 15/16 May-July, buyers at 1/32 higher respectively. US. DollarE
and
The market closed with sellers at 23 18 for cash, 29 1/16 January, 29 February and 28 15/10 March. buyem at 29 3/16 for cash, 29 1/8 January, 29 1/16 February and probably 29 March.
Shanghai Dollars
Allis Chalmers. Amerada Corps. Amer. Can
Amer, & Foreign Power Ameri & Foreign
Amer. Locomotive ...
QUOTATIONS
8101
Sandakan Lights
STOCKS
Last Sale
STOCKS
Last Bale
Dec. 31
Dec. 31
H.60 Telephones (new).
1,3 Tractions
Telephones fold). ......
#23
Prices advanced on some local support. favourable cath demand and moderate general buying.
g
Adams Express Alleghany Steel Co.
101
271
Int. Tel. & Tel. Johns Manville
DI
25/0
Tractions (pre) Industrials
105
473
Kennecott Copper
432
$14
Cald., Macg. (Ord.) 8.
69 *
Libbey-Owens-Ford
Glass
$13
547
Cald., Macg. (Fret.) S. $1.70 Canton ces
81.60
1003
Lockheed Aircraft
361
8151, S16
Coments
$154
N. Y. Commodity Market
3
Loew's Inc......
541
$1
Ropes
341
p..... 19
Martin. Glen L
361
Miscellaneous
201
McKesson & Robbins. $3 pt.
*24
$94.30
Dairy Farme
824)
40
·
Sellers.probably at 177,
Shanghai Market
Amer, Metals Co.
Amer. Radiator....
Amer, Rolling Mill
Monsanto Chemical
110
37.5
$7.10
Ch. E'tainments
56.50
Constructions
(old) S
18
Montgomery Ward
512
221
at, Dairy Products
131
$8
Opened with sellcis at 8. 13/32 Amer. Sting and Ring Co.
and towards the close sellers were quoted at 18. 27/61 for Spot. Steady. US Dollars opened with sellers at
10 3/32 and closed at 16 5/16 for Spol
Shanghai Exchange
517
Nat. Distillers
28
Amer. Sugar Ring Amer. Tel. &, Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
21
National Gypsum
163
3!
150
National Load
271
883
Nat. Power & Light
81
14.
Nat. Supply Corpn.
151
35
New York Central
213
Atchison, T. & S. Fe
*4
N. American Aviation
191
Auburn Motors
32
North American Co.
23
Baltimore & Ohlo
8.
Northern Pacific
141
ལ་འཚོ་་་
$9) 98.20
WalBoca
Constructions (now)
Lane Crawfords......
Nanyang Tobacco
Hincares
78, Ch. G.5%, 1925G $Bds.
(By Courtesy of Messrs. Swan, Culbertson & Frits and
S. E, Levy & Company)
$3
39
Barber Asphalt C
201
Pacific Gas & Elec.
294
3/0
90 ata
Official T.T. Rales Shanghai, Dec. 31, 1938.
Barnsdall Of .....
181
Pacifc Lighting
42 •
Bethlehem Steel
18
Packard Motors
44
London
Opening
0/8
Boeing Airplane Co.
341
Paramount Pictures
131
Borg-Warner
312
Pennsylvania R.R.
211
110,0
S'haf Wing On
Vibro Piling .... Marsmans Inv. (Lon.) Marsmans Inv. (H.K)
Wm. Powalls
*Sales to
Shanghai
LONDON STOCK EXCHANGE
$7.60
H.K. Govt. 4% Loaps
8106
H.K. Govt. 31% Loan
$100
136
1.K. Wing O*****
843
High
Low
16%
New York Cotton - Mar.
i
New York Rubber - Mar.
$37
Chicago Wheat
$0.00
Chicago Corn
Winnipeg Wheat
18.43 May......... 601 681
May
53
63 May
18.37
Prev. To-day's
Close Close Change
8:43
closed 18.43b 18.40
.03 01
681 69 + up -524- 522 521
821 62 024
tup
+ up
NEW YORK COTTON
Close
Opening./ Closing
Change
January
(1939)
8.43/43
New York.
15-5/8
Biggs Macturing
311
Phelps-Dodge
431
Japan
38-7/8
Brooklyn-M'hattan Trans.
12
Philips Petroleum
431
March
(, )
8.43/44
Paris
5.40
Hongkong
Open Market-Selling Rates
53-3/8
Spot
0/B-13/32 0/8-15/32
Etlyn-M'hatton $6 eum pf. Canadian Pacie R'way...... Case, J.I
391
Public Service of N.J.
32
(REUTER'S SERVICE)
May
(...)
8.23/23
Pure Oll
11
London, December 30, 1938
.893.
Radio Corpn. of Am.
&
January
0/8-3/8 .0/8-29/64
Chesapeake & Ohio"
381
Republic Steel
241
February
0/0-21/64 0/8-13/32
Chrysler Corpn. Columbia Gas & El.
$27
Reynold Tobac. "B"
441
The following quotations are the muddle prices at the close of the market la London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
July
(..)
8.00/00
CLOBED
October
(...)
7.88/68
December ( )
7.89 N
71
Schenley Distillers
171
£
£
Spot
1.88 N
Spot....
$16-9/32 $18-13/32 Columbia #% “A” pÍ.
76
Schenley, 51% pfd.
69 ⚫
January
February
16-3/18
18-1/16
18-11/32
16-7/32
Commercial;-...
504
Sears Roebuck....
734
Sterling
Calcutta, Dec. 31.
Marketulet but steady..
US Dollars .............. $16-1/4 Silver Duty Rate The Central Bank of China's rate on London at 10 am, te-day was 1/2-1/2d.. unchanged from yesterday.
The Equalisation rate was 5 per cent. Reuter.
New York Exchange
New York, Dec. 31, T.T. on London (Opening Rate). 4.04-5/16-Reuter.
Calcutta Exchange
‚T.T. on Japan, 78-5/8.—Reutér
Continental Can Continental Ofi Corn Products Curtiss Wright (C)) Curtiss Wright "A"
Commonwealth & 8. (ord.) C'wealth & S. 6% cum pf.
1
Shell Union Oll
151
452
Socony-Vacuum Ol
13+
War Loan, 34% (Red.
98-1/8 after 1952) Canton-K'loon Rly. 5% 18-1/8 Chinese 41% Gold Loan,
S'hal Waterworks "A"... 19,1,2* Union Insurance.
31-1/2* Gula Kalumpong Rubber 21/3 Ailled Ironfounders
19/0
0/8-3/8
Consolidated Edison
314
Southern Pacific
21
Consolidated 011
9
Southern Ely $5 pfd.
33
43
Standard Brands
7
1898 (Brit. Issue).... 78 Chinese 5% Gold Bonds,
1925-47
76
314
Stand Gas & Elec.
3.
Chin 41% Anglo-French
Aaso. & Elec. Industries 38/0 Austin Motors, ord. Sable & Wireless, New
Form, ord.
24/9
35-1/2
661
Standard Oll of N.J.
531
Loan, 1908
72
Stone & Webster
131
Chinese 5%, Crisp Loan.
277
Swift International
271
1912
Distillers Corpn. Seagrams
20
Technicolor
221
Chinese 5% Reorg. Loan,
Douglas Aircraft
791
Texas Corpo.
48
1013 (Lan. Is.)
8 5.8
B.-A. Tob. (bearer)
85/7/
Jummell Laird, ord.
7/9
March
May September October
Bales for the day:--
(1939)
NEW YORK HUBBER
18.43b/458 16.38b/48a 16.40/43
до 0
15.35b/38a., 16.39b/40a 18.28/30
OT OF
16.35b/392
18.31b/38a
16.27 N
16.20 N
.08 0
02 off
720 tons
37
Mexican Eagle .........
573
Jourtaulds .......
29/3
CHICAGO WHEAT
Distillers
89/4/
Du Pont de Nemours
1541
Texes Gulf Sulphur
32
Chinese 5 Ster. Notes,
Junlop Rubber
Eagle Picher Lead
144
Trans-America” Co.
61
1925 (Vickers)
13-3/4
Gen. Electric (England) 78/8
23/8" May
691/681 633/682
Elec. Bond & Share
114
20th Cent, Fox,
201
Chin. Imperial Rly. 5%
Elec. Bond & Share $5 pf.
58
20th Cent. Fox. $14 pt.
341*
Loan
73
Elec, Bond & Share $6 pf.
64
Union Carbide & Carbon
P91
Honan Rly. 5%
27
Guinness (A) Son & Co. 104/8
Hawker Siddeley Airc.... 24/101° Bristol Aeroplane
July
23/3
Elec. Power & Light $7 pf.
381
Union Pacific ......
98
Hukuang Rly. 5%. 1911...
25-1/2
Elintkote
311
United Aircraft
42)
Gen. American Trans.
59
United Airlines Trans.
121
Hukuang, Rly. 5%, 1911
(German Issue)
Imperial Chemical Ind. 36/9 Imperial Tobacco
September.
Friday's Sales:-
681/681 691/69
B81/681
69/691 687/09 694/697
1
99.9
up
up
up
13,723,000 bushels
130/7
23-1/2
Marks & Spicer "A" ord. 55/8:
CHICAGO COBN
Gen. Electric ...
434
United Corpn.
31
Gen. Motors
501
United Corpn. #9 cum pt.
34
Lung Taing & U. Hai Rly.
5%
Rolls Royce
.110/101
Gen, Railway Signal
204
United Gas Corpn.
31
Gudden Co.....
237
United Gas Improvement 11}
Goodrich (B.F.).
241
US. Rubber
52
"14 S'hal-N'king Rly. 5%..... 24-1/2 Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Leyland Motors
Tate & Lyle
66/10/
55/6
May July
Turner & Newall
77/11
18
United Steel
September
India Rupee Paper
Goodrich $5 pf......
64*
U.S. Rubber $8 pia.
102
Bombay, Dec. 31. Govt. 3-1/2% Rupee, close,
--LEOPOLDINA RAILWAY
Q
President Vargas of Brazil' has issued decree placing under Federal control the contracts and concessions of the British-owned Leopoldina Railway Co. with the atates of Minas Geraes and Rio de Janeiro
It is understood that the decrec should simplify the working of the railway and should also result in certain vennomies.
Hecker Products
Int. Nickel...
Goodyear Tire & Co.
374
U.S. Steel
169
Great Northern Iron Ore ...
24k
Vanadium
277
-Reuter.
Great Northern Rly, pfd. 301
Warner Bros. Pict.
61
Tientsin-Pukow Rly."5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit Btpd. Bup). Loan)
Smethwick Drop Forg...
23/8
18/0
18
Armstrong Stevens, ord.
52/521 524/524 521/53 534/534 531/53 533/54 541/541
547/541
WINNIPEG WHEAT
+
up
8/3
Pressed Steel, com.
15/-
17
Vickers, ord,
23/11
December
804/001
Great Western Sugar
261
Westinghouse Elec.
1101
Tientsin-Pukow Rly. 5%
Woolworths
58/6
May
Greyhound Corpn.
197
Woodward Iron Cor.
251.
11
Homestake Mining
64.
Chase National Bank National City Bank
32+*
251"
561
*bid.
ex dly.
(Gez. Stpd. Supl, Loan) 17 Jap. 5% Ster. Loan, 1807 44 Jap. 8% Ster. Loan, 1924. 52-1/2 Ger. 7% Intl. Loan, 1924 42-1/2 Chartered Bank... H.K. & Shai Bank (Ldn.
Reg.)
Anglo-Dutch
20/-.
Rub. Plant, Invest. Trust 28/- Burma Corporation
July
60/60 621/621 621/621 621/62] 634/631 631/631 631/631
up
8/71
Commonwealth, Mining.. 1/4
NEW YORK HIDES: (New Contracts)
B-1/8
Marsman Investments... 18/8 Randfontein Estates 40/-
88-1/2
Western Holdings
13/-
March
June
DOW JONES AVERAGE
1938
N
Hich Low Dow Jones Averages. Jan
Jan. 1 1989. High Tow. Mone,
H.K. & 6'hai Bank (Col.
Reg.).
Bub-Nigel
234/4
90
Tanam! Gold Mining........ 6d.
Change Chinese Eng. & Mining
Anglo-Iranian
90/71
12 96/90 12.99/90 13.05/05 13:28/30 13.34/35 13.44/44
NEW YORK-STRAITS TIN
168,41 89,AK, 20 Industrial.
154,30
185.00 154,32 154.76
.40 up (bearer)......
17/6
Burmah
83/9
23.18 19.00 90 Raile
31.00
74.20 33.69. 33,48-
.38 up Chosen Corporation
7/-
Shell Trans..
& Trad.
March
25.19 16.14 90 Ullibres
22.73
23.10 22.78 23.03
89.70 83.89: 40, Bonde
90.3%
68.00, 45.08, 11′ Commodity Index 48.88
90.49 $9.88
17 ap
.18 ap Pekin Syndicate
*/4*
(bearer)
.18 up
Chai. Elec. Constr. Co... 25/-"
Nominal.
Business Dones-950,000 shares
82/8 1-ex-dividend -Reuter
NY Silver, Official
46.75/75
42-3/4
NY-L'don Cross Hate... 4.64-7/8
46.50b/70 40.65 N
unquoted 4.04
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