1939-01-10 — Page 12

FINANCE

HONGKONG

SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS ASSOCIATION

DEPAR

Bellers Salas

Nominal!

MⱭNDA × 0. JAN,

Bayers Seller

Sale patina

$1390 $1420

!

£87

$176 70 cta.

$475

Banks

H.K. Banks

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

237 Mercantile Bks. "A"

$1400

£87

EST

£371

£13

Marcantile ka. “Ç”

£13

168

Bask of East Asia ...

$88

IN, C. & B: Danka...

Insurances

910 Canton Insurances

Union Insurancsa Underwriters

$118 | H.K. Firea

Shipping

#210

·;::་ཚོ

$475

170 cta.

21-0

TUESDAY, JANUARY 10, 1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

Douglaser

815

$18

Steamboats

$50

:05

Indo-Chins

(Pref.)

AY

indo-Chinas (Del.)...

834

SPOT

83/1 Shells

#93/11

29.

APRIL-JUNE

Waterboats

Docks, Wharves,

JULY-SEPT.

Godowns, etc.

$118

H.K. & K. Wharves

9110

$6.40

$2.40 $4.35

Provideas foid)

36.20

$6.13 #1-1

Provideats (ow}_ ....

H.K. & W. Dec... $184

$17

$17.60

Do. (new).........

$101

100 Shanghai Docks 8.

331

*5.0 New Engineerings 9.

Mining

17/8

17/6 Katana

19.33 Rsubs

$3, Venezuela Gold Fide

7 cta Hong Kong Mines...

Lands. Hotels and

Bulldings

[HK Hotels

3.90

#31

PAGE 12-HONGKONG DAILY PRESS

Finance and

MONEY AND

EXCHANGE

Commerce

NEW COAL MINE TO BE OPENED In order to meet the demand for coal which is expected to increase with the further industrialization

CLOSING QUOTATIONS or the Far Eust." It will be neces-

JANUARY 9, 1939.

On London:--

1

Telegraphic Transfer. 121

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

On Shanghai:--

On demand

On Singapore:

On demand

On Japan:-

On demand

On Indla

:

"

Telegraphic Trenster.

and demand

On New York:-

172 now

3

108

Bank Bills, on demand 201 Credits, 60 days' sight 29 1/2

On Batavia :-

On demand.

Or. Paris:

.....03 1/4

Bank Bills, on demand 1090 Credits 4 months' sight 1140

"In Saigon:-"

On demand

On Bangkok

109

Un Manila:

On demand

58 1/2.

On demand

402

ALIG 0 5/10

Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

Market Report

From Roza Bros.

Silver prices dropped 3:16 overį the week end for both deliveries. the quotations being 20. 5/16 for Ready and 19 15/16 for Forward. Silver advives reported a' steady very poor support. market with

American Silver Specukiters sold.

was quoted at 42 3/5 for Spot.

The London

New York cross-

rate was quoted at 467.50. New Yrk Londen, was quoted at 463

Market

Stevie but quiet!

Sterling

There were sel- Nothing doing. lers

January February at 1/3 and 231,32 March Aprli and probably May, buyers at 1/3 1/32 Cash February and 1/3 March +May

U.S. Dollars

BERLIN MOTOR

SHOW

Over 500 exhibitors will show their latest models at the Berlin International Motor Car and Cycle

Exhibition of 1939. which is to be ary. salt Mr. W. F. Turner at the held from February 17 until March meeting of the Chinese "Engineer [5, ten" large hails being necessary ing and, Mining Company, in Lon-to house all exhibits, den recently, to open a new mine capable of producing about 1,000, 000 tons of coal per annum.

After announcing that a scheme with this object was now in course of preparation, he continued.--

"Together with our partners, the Lanchow Mining Company, we are to the necessity of satisfied as providing for this large increase of output to meet the demands of Japan. China, and the Far East Kenerally; indeed it is being urged upon us by our principal consum-

urs. It will, of course, involve

considerable

capital expenditure

spread over several years, and you will see from the balance sheet which we have put before you that we are quite prepared to meet it."

BOMBAY SILVER

Bombay, Jan. 9. Indian Mint Silver Unofficial Quotations

Ready January 16 Settlement. February 14 Settlement...

Market -Quiet.

NEW

Numerous dealers from all over the world have already booked hotel rooms, while collective tips have been arranged for visitors trom Italy, Portugal, Sweden, Nor- way, Poland. Yugoslavia and Hun- have gary. Among dealers who

1 accommodation are reserved number from South Africa; AuS- tralla. Canada, Mexico and Brazil.

GERMAN CELLULOSE

INDUSTRY

BERLIN. Jan. 9 (T/Ocean).- Germany produced 160,000 tons of cellulose in 1938. and, the capacity of the industry at te present time will ensure 200,000 tona in 1939, ac- cording to the annual report issued yesterday by the German Dye Trust which with an output of 55, 000 tons is the largest cellulos producer in the world.

One of the principal projects`of 51-14 the German Dye Trust during the 51-14 past year was to develop a special 51-12 artificial fibre that would have the durability of cotton when damp or Reuter. wei.

YORK STOCK EXCHANGE

(Through Reuter's Service)

QUOTATIONS

Amer. & Foreign Power Ameri & Foreign $7 p... Amer. Locomotive

Last Sale

$470

***

164

:,ཚོ་

New York. January, 7.

SINGAPORE RUBBER

January 8

buyers

sellers

January 7 buyers sellers

change

28-1/8

28-3/8

28-1/4

off 1/8

28-5/8

28-7/8

28-1/2 28-3/4

off 1/8

29-7/8 29-1/8

28-3/4 29

.of

1/8

.115

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

Throughout the session the market ruled dull and featureless due to the disinclination of dealers and speculators to operate, te

Closing tone was dull,

SPOT

905 APRIL-JUNE

JULY-SEPT.

To-day's close

LONDON RUBBER

Previous close buyers sellers buyers 'sellers 8-1/8 8-3/16 8-1/16 8-3/16

8-1/4 8-3/8 8-1/4 2-6/18 8-3/8 8-7/18 8-5/16 3-3/8 8-3/8 8-1/2 $-3/8 8-7/16

change

of 1/16

2!

unch.

off 1/16

unch.

$7.15

137

H.K. Lond

..8.

$37

87,0597.15

37

$371

3107

[Im..4% Debentures 5j

39.40 Shanghai Lands 8.

HK Realties

951

Ka

$5.00

$8.60

CCT.-DEC.

Humphrey....

200

Chinese Estates

Market very quiet...

Cotton Mills

"B10.10

G.R.

$10

Ewos (5.)

NEW YORK COTTON

$104

}:

Siu

Shal Cottons (3)

124

$24

Zoong Sings (8.)

$19

$40

Wing On Textiles (5.)

Public Utilitles

517.60

17.60 17.80 $17,60

Tramways

Peak Tram (old) ...

>ti

13)

Peak Trams (unw}

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

the

$721

Star Ferries

$12

42

mm Ferries {^>}

NEW YORK RUBBER

$22

312

Do. (now)

$9.70

.#

China Lights (

$9.00

831

China Lights Ita

3

Eta.

$58

H.K.Electrics

*59

sl*

810

Macan Electrica

Sandakan Lighte

824 Telephones (cid)

$5.60 Telaphones (new)

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

€93

CHICAGO WHEAT

Prices decline in sympathy with securities and on quidation.

January 8, 1939.

STOCKS

STOCKS

Last Sale

Jan. 7

Jan. 7

Adams Express

111

Alleghany Steel Co. Allis Chalmers Amerada Corps. Amer. Can

261

441

67)

Int. Tel. & Tel. Johns Manville Kennecott Copper Libbey-Owens-Ford

81

101.

412

Glass 51"

1,3

Tractions

25/0

Tractions (praf.)

Industrials

$14

Cald., Murg. (Ord.) §.

................

091

Lockherd Aircraft

313

161

::

$16.80

31

Loew's Inc.

504

18]

Martin, Glen L.

321

284

McKesson & Robbins. $3 pr. 106 *

:

Amer. Metals Co.

39"

Monsanto, Chemical

401

813 Cald., Maeg. Fret.) 5.

$1.70 Cantos Ice

Cements

23.95 Ropes

iiscellaneous

24 10 Dairy Farms

Ch. E'tainments.

Constructions

(old)

te to th

8: 60

$16.89

141

324

N. Y. Commodity Market

Vi

Amer. Radiator

107

Montgomery Ward

13

Cunstruction

(new)

Cutet. There were sellers at 29 1,4 for January. 29 3/18 February

Amer. Rolling Mill

201

at. Dairy Products

1274

$9

Lane Crawfords ......

and 20 1/8 March, buyers at 29

Amer. S'ting and Ring Co. Amer.. Sugar Ring ..........

FOR

Nat. Distillers

153

Nanyang Tobacco

211

National Gypsum

251

***

32

Stacerc

$2

$8.20

Watsons

U.S. Dollars

possibly February

Shanghai Dollars

5/10 or onsh, 29 1/4 first half of Amer. Tel.: & Tel. February and 29 3/16 March,

Shanghai Dollars

Sellers a 176 1/2.

Shanghai Market Opened with sellers at 8. 12 and closed at noon with sellers at 31/64. U.S. Dallars opened at 16. 9/18 and closed at noon with sellers at 18 17/32 for Spot Quiet.

AFTERNOON MARKET

The market was quiet to the afternoon.

Sterling

No business was reported anish Chesapeake & Ohio ine with sellers at 1/3 January Chrysler Corpn /February and 1/2 31/32 March Columbia Gas & EL, /April, probably May. buyers at Columbia 6% "A" pr. 1/3 1/32 Cash February and 1/3 Commercial March May.

Commonwealth & 5. (prd.) C'wealth & 8. 6% cum pf. Consolidated Edison

The market closed with sellers Consolidated Ol!

at 29 1/4-Cash. 29 3/16 January: Continental Can p

March, buyers at 29 5/16 Cash, 29 Com Producta

14 February and 29 3/16 March.

Curtiss Wright "A"

Sellers were quoted at 176 1/2. Distillers Corpn. Seagrams 197

Du Pont de Nemours

151

National Load

84

$8.06 8 20

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

I

Amer. Tobacco "B"

89)

Nat. Power & Light

142

"Amer. Waterworks

132

Nat. Supply Corpo:

204

Tech. G.5% 19250 $Bds.

H.K. Gost. 4% Loans

ILK. Govt. 3% Loan

16%

$106

Prev. To-day's

$100

Aparonda Cupper

333

New York Central

171

37

Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohto Barber Asphalt C Barnsdall Ol Bethlehem Steel Boeing Airplane Co. Borg-Warner

-39

N: American Aviation

23

36

H.K. Wing On

340

4

North American Co.

131

72..

Northern Pacific

293

3/0

203

Pácifc Gaà & Elec.

431

1aR

Pacific Lighting

41

S'hat Wlag Op

$0.50 Vibro Piling

Maramane Inv. (Lon.)

Marsmans Toy. ILK)

190 ct Wm. Powellsi

*Sales

to Shanghai

New York Cotton "Mar.

High

Close Close Change Low 8.42 8.26 8.35 8.41 .08 up

$5.-8

་

New York Rubber - Mar. Chicago Wheat

'-May

BO eta

76

13

Packard Motors

Chicago Corn Winnipeg Wheat

May

May

16.17 16.39 16.14

602 701 691 531 531 53) 534 631 621 827 621

16.125 .05, 0

691 D

1 off

# of

317

Paramount Pictures

228

201

Pennsylvania R.R.

413

LONDON

STOCK

EXCHANGE

NEW YORK COTTON

Biggs M'facturing Brooklyn-M'hattan

294

Phelps-Dodge

411

h

Trans.

111

32

Close

Opening

Closing

Change

Phillips Petroleum

B'klyn-M'hattan $8 cum pr Canadian Pacific R'way. Case, J.X...

37 *

Publie Service of NJ.

361

́(REUTER'S SERVIÇE)

6.

104

Pure O

London, January 5.

931

Th

Radio Corpn. of Am.

381

Republic Steel

231

801

Reynold Tobac. "B"

441

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

January March

(1939)

8.33 N

8.28/28

8.39. N

.06 up

{

8.35/35

8.30/30

8.41/43

.06 up

71

Schenley Distillers

161

£

5

75 *

71.

Schenley. 54% pfd.

War Loan, 31% (Red.

561

733

Sears Roebuck ...

after 1952)

971

1

Shell Union Of

141

Canton-Kloon Rly. 5% 19

49

Socony-Vacuurn Oil.

134

Chinese 41% Gold Loan,

Gula Kalumpong Rubber 21/10)

18/6 Allled Ironfounders Asso. & Elec. Industries 38/0 Austin Motors, ord.

July

October December (..)

Spot

(%) (..)

8.13/13

.8.08/08

8.16/17

03 up

7.88/88

7.81/80

7.94/94

.06 up

7.38/40

7.32/33

7.42/42

.04 UD

7.49 N

7.30/36

7:41/41,

08 off

8.85

8.91

06 up

25

317

194

NEW YORK RUBBER

Southern Pacific

1898 (Brit. Issue)...

76

Cable & Wireless, New

301

Southern Rly $5 pid.

Chinese 5% Gold Bonds.

Form, ord.....

38

42

43

Etandard Brands

1925-47

76

B.-A. Tob. (bearer).

95

*

and

29 1/8 Continental Of

Curtiss Wright (C)

292

Stand Gas & Elec.

Chin. 41% Anglo-French

| Cammell Laird, ord.

7/14

March (1939)

May

18.17/18

.-16.13/13

16.11b/15a 18.09b/14a 14.14/14 ...

18.12b/16a

.05 off

.01 up

68

31

Standard Oll of NJ.

Loan, 1908

55

Mexican Eagle

5

September

61

514

Stone & Webster

Chinese 5 Crisp Loan

Courtnalds

261

180

Swift International

1912

37

Distillers

27/9 80

October

16.10/18 16.15b

16.17/17

.01 up

Douglas Aircraft

72

Technicolor m

271"

Chinese 5% Reorg. Loan,

Dunlop Rubber

23/6

December

16.166

16.11 B

16.12 N

.04 off

.04 off

21

Texas Corpn.

1913 (Ldn. Is.)

54

Gen. Electric (England) T613

Sales for the day:--

151

46

460 tons,

Texes Gulf Sulphur

Chinese 5% Ster. Notes,

Guinness (A) Son & Co. 105

Shanghai Exchange

Eagle Ficher Lead

134

32

Trans-America Co.

1925 (Vickers)

13

Elec. Bond & Share

114

71

20th Cent. Fox.

Chin. Imperial Rly. 5%-

Hawker Siddeley Alfe.... 24/11 Bristol Aeroplane

CHICAGO WHEAT

23/11

Offcial T.T. Rates

Elec. Bond & Share $5 pt.

58

231

20th Cent. Fox. $1} pf.

Loan

7341

Shanghai, Jan. 9.

Elec: Bond & Share $6 pt.

044

32

Union Carbide & Carbon

Honan Rly. 5%

28

Imperial Chemical Ind. 30/11 Imperial Tobacco

130

May

London

Opening

0/8

Elec. Power & Light $7 pf.

371

Union Pacific

Hukuang Rly. 5%, 1911.

23

Flintkote

291

90

United Aircraft

New York ....

15-5/8

Gen. American Trans.

58

581

United Airlines Trans.

Hukuang Rly 5%, 1911

(German-Issue)

| Marks & Sp'cer "A" ord.

Rolls Royce

55

July

112/3.

September

092/091 *697/70 703/702-

693/70

601/691

+

off

701/701

691/604

-704/701

off

72

Leyland Motors

Japan

56-7,8

Gen Electric

421

121

86/104.

United Corpn...

Lung Tsing & U. Hai Rly.

Tate & Lyle

Friday's Sales:-

9,873,000 bushels

Paris

5.38.

Gen. Motors

484

31

United Corpn. $3 cumi pt.

5%

Turner & Newall

56/9

Hongkong

53-3/8

Gen. Railway Signal

27

344

70/71

United Gas Corpn.

S'hal-N'king Rly. 5% 24

United Steel

CHICAGO CORN

Sterling

Open Market-Selling Rates

Opening Closing Goodyear Tire & Co.

Glidden Co.

231

3

United Gas Improvement 12

Goodrich (B.F)

231

UB. Rubber

Tientsin-Pukow Rly. 5%

(Brit. Stpd.)

Smethwick Drop ForE

23/11

10

.50

Armstrong Stevens, ord. 8/1

18/9

May

53+/531 .531/534

531/534

on

Goodrich $5 pf.

644

U.B. Rubber $8 pfd.

354

1011

Spot January February

0/8-1/2 0/8-1/2

U.S. Dollars

0/8-31/64 Great Northern Iron Ore ... 0/8-15/32

Great Northern Rly, pid.. 28f 0/8-15/32 078-7/16

Great Western Sugar Greyhound Corpn...

jU.B. Steel

Tientsin-Pukew Rly. 5%

(German Sipd.).

Pressed Steel, .com.

15/3

July

541/541

541/544

541/541

off

16

Vickers, ord.-

'67

22/6

September

551/551

551/551

551/551

of

16

Vanadium

Tientsin-Pukow Rly. 5%

Woolworths

281

Warner Bros. Pict.

61

201

(Brit. Btpd. Sup). Loan) Tientsin-Pukow Rly. 5%

16

Anglo-Dutch ........

25/9

WINNIPEG WHEAT

Westinghouse Elec.

115

Rub. Plant. Invest. Trust" 27/101

181

18-7/16

Spot ....

January February

$10-9/18 $16-17/32 Hecker Products

Market Quiet,

10-17/32 -16-1/2

Merchant Rates

Sterling, 0/8-7/16.

U.S. Dollars, $15-7/16.

Silver Duty Rate

Homestake Mining

16-13/32 Int. Nickel

The Central Bank of China's rate on London at 10 a.m. to-day was 1/2-1/2d.. unchanged from yesterday.

The Equalisation rate was 6-3/4 per cent.---Reuter.

DOW JONES AVERAGE

Jan. 4. Low Dow Jones AveragTM","

34 23 19.00 20 Rail

25.19 1.14 20 16hez

Woodward Iron Cor.

25

10

02

Chase National Bank ...... National City Bank

32 *

25 *

544

(Ger. Btpd. Bupl. Loan) Jap. 5% Ster. Loan, 1907 414 Jap. 6% Ster, Loan, 1924 513- der. 7% Intl. Loan, 1924 411 · Chartered Bank

10

Burma Corporation

8/01

May

621/621 621/627

621/621

оп

Commonwealth Mining.. 1/6

July

631/031

631/631

631/631

off

Marsman Investments... 16/6

Randfontein Estates

39/9

October

631/831

431/631

off

91.

Western Holdings

12/8

-bid.

1-ex, dlv.

HK. & S'hai Bank (Ldn.

Reg.)

Bub-Nigel

238/9

NEW YORK HIDES: (New Contracts)

87

Tanami Gold Mining...

61.

H.K. & Bhai Bank (Col

Anglo-Iranian

Reg.)

87

Burmah

90/71 82/8

March

June

12.71/72

1270/65 12.50/50 13.01b/04a 13.01/02

12.85/85

Chinese Eng. & Mining

1988 & 1939

Hizl

159.4 99.95 50 Industrinia

-152,97

Jan. 6, 19339, High Low Clona 18961 151,31 161,54

Shell Trans. & Trad

Channe

(bearer)

17/6

(bearer)

83/14

1.33 off

Chosen Corporatior

7/-

*Nominal

33.95

· 33.40 39,90 32.93

3o off

Pekin Byndicate

2/4

-Reuter

93.84

23.02 23.39 22.49

16 7

S'hal Elec. Constr. Co...

25/-"

March

82.70 81.39 40 Bonds

$1,03

90,9€

07 of

S'hal Waterworks "A"...' 193*

58.00 45.08 11 Commodity Index 49,00

48.40

.14 E

Union Insurance

301

NEW YORK-STRAITS TIN

46.85b/90a 46.65b/598 46.85b/47.05a 42-3/4

unquoted NY Bulver, Ometal

4.03. NY-L'don Cross Rate... 487-3/8

Business Done-630,000 shares.