1939-01-09 — Page 12

17

2

31

... 100%

13

On Japan:~

On demand

On India-

and demand

Telegraphic Transfer:

On New Yort:—

Bank Bills, on dergand 2-15/16

Credits, 60 days' sight 29 7/8

On" Batavia :— ...

"On demand ....

Govt. 31 per cent. Rupee 98-02-0. Ready

LONDON METALS

EXCHANGE

India Rupee Paper

PAGE 12--HONGKONG DAILY PRESS

MONEY AND EXCHANGE

CLOSING QUOTATIONS | New York Exchange

JANUARY 7, 1939.

On London:-

Telegraphic Transfer.

}

Bank Bills. on demand Credit 4 months' aight 1/1

On Shanghai: --

On demand

On Singapore:-"

On demand

New York, Jan. 7. T.T. on London Opening Rate), 4.07-5, 8...

Calcutta Exchange

Calcutta, Jan. 7. T.T. on Japan, 78-5 8.-Reuter.

SILVER MARKETS

LONDON SILVER

London, Jun. 7. Silver-Speculators sold. Support

poor. Market steady.

Spot Forward

20-5/16d. 19-15/16d.

Reuter.

Banks

#1395 $41 $1435/ 20

H. Banks (.................

NEW YORK SILVER

New York. Jan. 7.. Ometal Price, unquoted,

*

D. (Cal. Reg.)...

287

Do. Lo. Reg.)

, ot

Chartered Banka

M

-Reuter

ዳጋ 1881

BOMBAY SILVER

| Market-Quiet

Bombay, Jan. 7.

Offtake 10 bars.

$910

Bombay, Jan. 7.

$470

-8475

Indian Mint Sifter

170 cta.

51-14

$178

Reuter.

227 Mercantile Bke. A

Bank of East Ads ... N. C. & B. Banks... Insurances

Canton Insurances ... Union Insurancom ... Underwriters

H.K. Fires ............

Marcantita Bk. "0"

Jan. 16 Settlement

51-14

Feb. 14 Settlement

51-13

*634

THE EXCHAGE

HONGKONG

FINANCE

SHARE QUOTATIONS

STOCK EXCHANGE

Sellers

SILAREBROKERS, ASSOCIATION Momial SATURDAY 7,

JAN.

Buyer Sellaze Salon Mosina

21

$1400 £87

E97

£13

B$$

MONDAY, JANUARY 9, 1939.

PAYNE &

& CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

$110 $475

170 cta.

41:0

Shipping

Douglas

#034

$18

Steamboats

.55

Indo-Chinas

(Pret.)

$58

14

Indo-Chinas (Def.)...

一

93/1

Shella

$93/11

SPOT

10 APRIL-JUNE

1

$18

(FROM PAYNE & CO,)

New York, January 7.

SINGAPORE RUBBER

January 8

buyers sellers

January 7 buyers sellers

change

28-1/4 off 1/8

28-1/8 38-3/8 28

28-5/8 28-7,8

23-7/6 29-1/8 28-3/4 29

NEW YORK

January 8, 1939..

STOCKS

Adams Express Alleghany Eteel Co. Allis Chalmers

market

eased a slightly and there were

Amerada Corps. Amer. Can

1/8 Amer. Metals Co.."

Amer. Rolling Mill

Amor. Sting and R'ing Co.

Amer. Sugar Ring

Auburn Motors .." Baltimore & Ohio

Barber Asphalt C close the Barnsdall Of .......

being

Bethlehem Steel

Boeing Airplane Co.

The Fund continued to operate In the local exchange market round necessary.

53 1/4

London, Jan. 6, COPPER

FUND

On Paris:-

Bank Bilis, on demand 190 Credits 4 months' sight 114)

Un Saigon

Standard, Cash 44-3/8 Standard,

buyers" sellers

£

£ 44-1/2

03

The statement regarding the Hongkong Fund indicating the positiun

At June 3, 1938, states:-

$115

$110

$5,36

$2.40

$8,10

On demand

109

On Manila

On demand

58

J

On Bangkok--

On demand

1491

3 months 44-5,8 Electrolytic ... 50

TIN Standard. Cast: 217 Standard

44-3/4 50-3/4

A3

BI $17.80

217-1/4

Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

4/316 10 1/2

3 months 217-3/4

LEAD

218

"Foreign,

Oficial Price 14-3/4 Foreign. Official

3 months 15

SPELTER

14

Ordinary.

Omelal Price 13-5-8 Ordinary, Omelal

13-3/4

Market Report

On June 30 Jast the Cert!- Acutes of Indebtedness outstand- in amounted to $191,034,887, which is equivalent to £11,914,806 3 15. 2.31-32d. the middle market 14-13/16 rate on that day: the total assets of the Fund amounted to £13. 012,872, of which 73.05 per cent. 15-1/16

Wns held in gilt edged sterling securities. 26.01 per cent, on, de- posit in London, at call or short notice and .04 per cent. in silver, "

3 months 13-7/8

13-15/16 Final Afternoon Transactions Tin. Standard. Cash, £217-1/2)

The price for Ready Silver drup- pod 1/8 on Saturday to 20 1/2 but the Forward rate cose to 20 1,8. Sliver advices reported speculators | as having bought. The market was Amer- steady. Support was poor. can Suver was quoted at 42.3/4 for sellers. Spot.

The London-New York CTUSS- rate was quoted at 487. 25. New York-London was quoted at 107.

3/A.

Steady.

Market

Sterling

There were Sellers at 1/3 Jan- uary-February xnd 1/2 31/32 March-April, buyers al 12 32 Cash-February and 1/3 March- April.

U.S. Dollars Opened with sellers at 29 1.4 for cash and 29-3.16 February. Towards the close the

Tin, Standard, 3 months, £218- 1/4 paid and sellers-Reuter.

buying inquiries at 29 1/4 for cash, Amer. & Foreign Power

20 3/16 February, 29 1/8 March | Ameri & Foreign $7 pt... and 29 1/16 Ap:u.. sellers at 29 Amer. Locomotive -3/16 for

January, " 29

February, 29 1/16 March and 29 Amer. Radiator..... April,

Shanghai Dollars !! Sellers at 175 3/4 for Spot.

Shanghai Market

Opened with, sellers of Sterling

at 8.1/2 and ther. rose to .8.17/32

"Towards the close the market was indicated as being easier. U.S. Dollars opened with sellers for Spot at 16 9/10 and then rose to 16 5/8 Towards the market. was indicated as easter.

Amer, Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Atchison, T. & S. Fe. Anaconda Copper

LONDON GOLD

London, Jan. 7.

Bar Gold, Firië per as.. 148/91. Dollar Parity, 2d. premium

#

Waterboats

Docks, Wharves, Godowns, etc.

H.K. & K. Wiarres Providents fold)...... Provideste (as)

H.K. & W. Decks...

Do.

$100 Shanghai Docka 8.

#5,50 |New Engineerings 8.

Mining

17/6 Kailang

22.35 Rauba

$3

Venezuela Gold Fids

i cta Hong Kong Mine

Lands, Hotels and

:::

#

• Buildings

$1.05 $7.15 $37

H.K. Hotels

$7.05

SPOT

$71.05

1371

H.K Lands 9.

$37

357

APRIL-JUNE

$107

c. 4% Debatur 49.40 Shanghai Lands

S.

JULY-SEPT.

$5.40 $5.70 284

HK Realties

8340

Humphreys

19.80

OCT.-DEC.

28-1/2 28-3/4 off 1/8

of 1/8

The market opened 1/8 of a cent lower for all deliveries as compared with Friday's closing quotations.

JULY-SEPT,

31151

$8.40

$4.20

$184

317)

0101

17/0

$8.90

Throughout the session the market ruled dull "and ́featureless due to the disinclination of dealers and speculators to operate.

Closing tone was dull.

LONDON RUBBER

Previous close

To-day's close buyers sellers buyers sellers

8-1/8 8-3/16 8-1/18 5-3/16

8-1/4 8-3/8 8-1/4 8-5/18

8-3/8 8-7/16 8-5/16 B-3/8 8-3/8 3-1/2 8-3/8 B-7/16

change

DfT 1/18

unch.

off 1/18

unch.

#93

Chinese Estate

Market very quiet,

Cotton Mills

310.10

C.R.

$18

Ewos (S.)

"

$10

S'hal Cottons (8.)

810%

$24

Zoong Sings (8.)

834

$42

$10

Wing On Textiles (S.)

-Reuter.

Pablle. Utilities

#174 17.70 $17.50

$17.60

Tramways

Paak Trama (old)

$4

Peak Trams (new) ...

131

STOCK EXCHANGE

371

Star Ferries

121

Y'mati Ferriss (0)

1321

22

'*

Do. (new)

$9.70

.E.

China Lights (

89.00

$0.60

(Through Reuter's Service) QUOTATIONS

834

$.4583.60*

$58

B004

317

517 $17

$10

#231

Last Sale

STOCKS

Last Sale

21/3

Tractions

Jan. 7

Jan. 7

25/0

11"

261

441

Int. Tel. & Tel Johns Manville Kennecott Copper

81

China Lights Rm.

H.K.

Electrics

Macao Electrics Sandakan Lights Telephones (old)

18.60 Talephones (new)

Tractions (praf.)

Industrials

$3.65

Rta. #3.55/80

$58.

68.30

114

NEW YORK COTTON

The market was early lower an selling pressure, but later rallied on trade buying and covering by shorts. The market is of the opinion that Washington sentiment favours plans for the reduction

of loan on cotton stocks.

· NEW YORK, RUBBER

The market was a quiet trading one, with most operators hold- ing back, pending the unloosening of anticipated big potential de-

mands.

22/

CHICAGO WHEAT

Prices decline in sympathy with securities and on liquidation.

101 *

$14

Cald., Macg. (Ord.) S.

414

$13

Cald., Magg. (Fret.) 8.

671*

| Libbey-Owens-Ford

31.7

Canton lecs

Glass

51

$16.80 $17

991

Lockheed Aircraft

317

ខ

Comenta

$1,70

$161/85

$3.05

31

Loew's Inc.

501

181

Martin, Glen L

321

-24/10

281

McKesson & Robbins. $3 pr. 106' *

#7

སྐ

39.

Monsanto Chemical

491

101

Montgomery Ward

13

www

201

at. Dairy Products

271

#7#

503

Nat. Distillers

153

Ropes

Miscellaneous

Umiry Farms

Ch. E'tainments......

Constructions (old) $1

Constructions (new)

Lane Crawfords

Nanyang Tobacco

Sinceres

31 50

343

$24

37

N. Y. Commodity Market

214

National Gypsum

25A

88.1-5 181

Watson

151

National Load

84

76"

391

Nat. Power & Light

142

.6%, pa

132

Nat. Supply Corpn.

201

$36

332

New York Central

17

840

***

39

N. American Aviation

231

壬

North American Co.

131

18/9

72

Northern Pacific

293

3/0

201

Pacific Gas & Elec.

40}

181

Pacific Lighting

41

*Sales

76

Packard Motors

13

317

Paramount Pictures

22

........ldan

Ch. 0.5% 19250 $Bds, H.K. Govt. 4% Loans H.K. Govt, 31% Loan

H.K. Wing On S'ha Wing On

$8,60 Vibra Piling

Marsmana Inv. (Lon.) Marsmans Iuv. (HK)

'90 ra, Wm. Powells

to Shanghai

LONDON STOCK EXCHANGE

18

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

76%

$106

Prev. To-day's

$100

:27

10%

New York Cotton

High 8.42

$0.30

New York Rubber - Mar. Chicago Wheat

(80 ola

Chicago Corn Winnipeg Wheat

LOW Close Close Change 8.26 Mar

8.35

8.41

.06 up 16.19 16.14 18.17 16.12 .05 off

May

69 701

69 092 May... 531 531 531 *53] i off

631 621 May

827

off 621

20+

NEW YORK COTTON ·

Borg-Warner

291

Pennsylvania R.R.

413

Biggs M'facturing

291

Phelps-Dodge

*417

Close

Opening

Closing

Change

·Brooklyn-M'hattan Trans.

11

Phillips Petroleum

32

(REUTER'S SERVICE)

Shanghai Exchange

B'klyn-M'hation $6 cum pl.

37 ⚫

Public Service of N.J.

361

January (1039)

8.33 N

8.22/28

8.30 N

,06 up

London, January 5.

Official TT. Rates

Canadian Pacific R'way.

6

Pure Off

104

Case, J.I

934

Radio Corpn. of Am.

TB

Shanghai. Jan. 7.

Chesapeake & Ohio

361

Republic Steel.

231

The following quotations arë the middle prices at the close of March, the market in London. All quotations are subject to confirmation | May and no responsibility is assumed for errors in transmission.

(..)

8.35/35

8.30/30

8.41/42

.06 up

()

8.13/13

8,08/08

8.16/17

.03 up

Opening

Chrysler Corpn.

201

Reynold Tobac, “B”

.441

£

£

London

New York

Japan

Parls

Hongkong

0/8

Columbla Gas & El,

71

Schenley Distillers

181

15-5/8

Columbia 8% "A" pt.

75 ⚫

Schenley, 54% pfd.

71 •

War Loan, 34%

(Red.

56-7,8 5.48

Commercial

561

Sears Roebuck

731

Commonwealth & B. (ord.)

11

Shell Union Oll .....

141

53-3/8

C'wealth & S. 6% cum pt.

49

Socony-Vacuum Cl

134

971 after 1952) Canton-Kloon Rly: 5% 19 Chinese 41% Gold Loan,

Gula Kalumpong Rubber 21/104 Allied Ironfounders......

18/6

July

October { December (

(

..)

7.88/88

7.81/80

7.94/94

.06 up

7.38/40' 7.32/33

7.42/42

.04. up

.

Asso. & Elec. Industries 38/9 Austin Motors, ord.

Spgt

7.49 N.

8.85

7.36/36

7.41/41

.08 off

..8.91

06 up

25

Spot January February

January

Merchant Rates

Open Market-Selling Rates

Spot .....

February

Sterling

Opening Closing 0/8-1/2 0)8-1/2 0/8-31/64 0/8-1/2 0/8-29/64 0/8-15/32

U.S. Dollars

$16-9/16 16-1/2 16-13/32

Market-Qulet.

Sterling, 0/8-15/32.

J.B. Dollar, 181/2.

$16-9/18

Continental On

Corn Products

Consolidated Edison

311

Southern Pacific ....

19

Consolidated Of

91

Southern Rly $5 pld.

301

Continental Can

42

Standard Brands

43

1898 (Brit. Issue)... 76 Chinese 5% Gold Bonds,

.1925-47'

JI

Cable & Wireless, New

Form, ord..

38

76

B.-A Tob, (bearer)

95

201

Stand Gas & Elec.

7

Chin. 41% Anglo-French

Cammell Laird, ord.

7/11

64

Standard Ol of NJ,

31

Loan, 1908

Curtiss Wright (C.)

·64

Stone & Webster

514

Chinese 6% Crisp Loan,

Curtiss Wright "A"

261

Swift International

161

1912 ....

33 559

55

Mexican Eagle

March (1939)

May

NEW YORK RUBBER

16.17/18

16.12b/163 16.11b/150 18.13/13 16.09b/14a 16.14/14

.05 off

.01 up

5

Courtaulds

27/9

37

Distillers

Distillers Corpn. Seagrams

191

Technicolor

271

Chinese 5% Reorg. Loan,

Douglas Aircraft

72

21

1913 (Lan. Is.)

Texas Corpn.

16-17/32

Du Pont de Nemours

161

46

Chinese 5% Ster. Notes,

Texes Gulf Sulpbur

16-7/10

Eagle Picher Lead

134.

32

1925 (Vickers)

Trans-America Co.,

Elec. Bond & Share

111

71

Chin. Imperial Rly. 5%

20th Cent. Fox.

Elec. Bond & Share ș5 pt.

53 *

231

Loan ......

20th Cent, Fox. $13 pf.

32

Honan Rly. 5%

Elec. Bond & Share $6 pf.

Union Carbide & Carbon

Elec. Power & Light $7 pf. Flintkote

371

821

Union Pacific

291

P6

Hukuang Rly. 5%, 1911... 23

Hukuang Rly. 5%, 1911

United Aircraft

Silver Duty Rate

Gen. American Trans.

581

584

(German Issue)

* 2 238 N

54

13

Dunlop Rubber ........ Gen. Electric (England) 76/3 Guinness (A) Bon & Co. 105 Hawker Siddeley Airc.... 24/14

80 23/8

September October

December

16.16/18-

10.17/17

.01 up

18.15b

16.16b

18.11 B

.04 ou

до

16.12 N

:04 off

Sales for the day:-

J

460 tons

Bristol Aeroplane

CHICAGO WHEAT

1:

23/11

Imperial Chemical Ind. Imperial Tobacco Marks & Sp'çer "A" ord. Rolls Royce

30/11

United Airlines Trans,

.

rate on London at 10 a.m. to-day Gen. Motors

The Central Bank of China's Gert Electric.

421

121

Lung Tsing & U. Hal Rly.

Leyland Motors Tate & Lyle

130 55 112/3 86/104

May

July

603/891 091/70

693/70 70/701

691/091 69/891

4 off

+

of

September

704/201

701/701

off

56/8

Friday's Sales:-

9,873,000 bushels

United Corpn.

Turner.& Newall

434

.31

5%

United. Corp: $3 cum pi..

The Equalisation rate was 7-3/4 Goodrich (B.F.) per cent.Reuter,

was 1/2-1/20.. unchanged from Gen. Railway Signal yesterday.

341

United Gas Corp.

alidden Co.......

231

3

United Gas Improvement

231

12

US. Rubber

Goodrich $5 f

844

50

UB. Rubber $8 píd.

Goodyear Tire & Co.

35)

1011

U.S. Steel

Great Northern Iron Ore ...

16

6T

Vanadium

Great Northern Rly, pfa.

28+

23}

(Brit. Stpd. Supl, Loan) 10

Warner Bros. Pick

London Exchange

Closing mean rates were as fol-

lows:

Paris, 177-9/32. New York, 4,67). -

Montreal, 4.7.

Brussels, 27.67. Geneva, 20.70, "

Amsterdam, 8.59).

Milan, 887.

Great Western Bugar

204

61

Greyhound Corpn.

187

Westinghouse Elec.

115

London, Jan. 7.

Woodward Iron Cor.

Hecker Products

101

25

Homestake Mining Int. Nickel

62

542

Chase National Bank National City Bank

321* 26 *

*-bid.

*ex div.

ཐ་ཅུ་ཤྰང༤ནའ་ཆ་

DOW JONES "AVERAGE

1938 & 1939

High Low Dow Jones Averages:

Jan. 4.

Berlin, 11,65:

Prague, 1381.

18841 98.95 30 Industrials

152,87

84.33 19.00 90 Raile

33,26

Jan. 6, 1983. High Low Close 162.84 151,31 181,54 23.40, 39.88 32.03

Change 1,33 off .3% of

(bearer)

Pekin Syndicate

$3.19 1.14 30 Utilit

93.64

* 23.02 23,39 23:49

.16 off

Buenos Aires, 20.21.

09.70 83.39 40 Bonda

01.03

Other rates were unchanged.

19.00 45.03 11 Commodity Indar· 45,80

10.08 48.48

.14 off Union Insurance

British Wireless.

Business Dono:-830,900 shares

S'hal-N'dng Rly. 5. 24

Tientsin-Pukow Fly. 5%

(Brit. Stpd.)

Tientsin-Pukow. Rly. 5%

(German Stpd.)

Tientsin-Pukow Rly. 5%

Tientsin-Pukow Rly. 5% -

(Ger. Stpd. Supl Loan) 18

Jap. 5% Ster, Loan, 1907 “42) Jap. 6% Ster. Loan, 1924 514 Ger. 7% Intl, Loan, 1924 411 Chartered Bank

H.K. & Bhai Bank (Ldn.

Reg.)

H.K. & B'bai Bank (Col....

Reg.)

Chinese Eng. & Mining

Chosen Corporation ...... 7/-

2/4.

S'hai Dec. Constr. Co.. 25/-.

07 off ghal Waterworks "A") 191**

Rub. Plant. Invest. Trust 27/104 Burma Corporation ...... 8/71 Commonwealth Mining.. 1/6

United Steel

70/72

Smethwick Drop For... 16/9

23/11

CHICAGO CORN

Armstrong Stevens, ord. Pressed Steel, com. Vickers, ord.

8/14

May

534/531

531/531

531/631

off

-15/3 22/6

Woolworths

July September

544/548

542/544

543/544

off

55/55 558/654 654/564

off

58

Anglo-Dutch.

25/9

WINNIPEG. WHEAT

May

Marsman Investments... 10/6 Randfontein Estates

30/9

July October

Western Holdings

12/6

Bub-Nigel

Tanami Gold Mining..

238/9 6d,

Anglo-Iranian

Burmah

90/7 82/0

March

June

Shell Trans. & Trad:

17/6

(bearer)

83/11

*Nominal

Reuter

March

301*

46,65b/901 NY Silver, Oficial... 42-3/4 NY-L'don Cross Rate... 4.87-3/8

-623/623

627/021 621/624 631/834 631/834 631/631 6317833

NEW YORK HIDES: (New Contracts)

12.71/72 12.70/85 12.50/50 13.01b/04a 13.01/02 12.85/85

NEW YORK-STRAITS TIN

632/631

off

I off

off

46,65b/59a

48.85b/47.053 unquoted

4.58