PAGE 12-HONGKONG DAILY PRESS MONEY AND EXCHANGE
CLOSING QUOTATIONS Calcutta Exchange.
JANUARY 14, 1989.
On London:-
Telegraphic Transfer.
12/1
Bank Blus, on demand/ Credits 4 months' sight 1/3}
On Shanghat:---
On demand
173 com
On Singapore! ----
On demand
53)
On Japan:-
On demand
On India:--
Telegraphic Transfer.
and demand
On New York:-
Bank Bills, on demand,28 15/16" Crepits, 60 days' sight 29 7/18
On Batavia-
On demand
►
Calcutta, Jan. 14. T.T. D Japan, 78-5, 2-Reuter:
India Rupee Paper
Bombay, Jan. 14. Govt 34 per cent. Rupce. 98-00. Reuter.
LONDON
METALS
EXCHANGE
London, Jan. 13.
COPPER
"buyers sellers
£
Standard, Cash 42-15/16 Standard."
£ 43
3 months 43-3/16 Electrolytic 48
+3-1/4 49
33 1/18
On Paris:--
Bank Bills, on démand 1990) Credits 4 months' sight 1140
TIN Standard, Cush 216-1/4 Standard
216-3/4
Un Salgon:--
On démand
LOV
3 months 217-1/8
LEAD
217-1/4
Un Manila
Foreign..
On demand
SH
On Bangkok ---
Omelal Price 14-5/8 Foreign, Omcial
14-3/4
On demand
140p
Sterling Notes:-
3 months 14-7/8
SPELTER
Bank Buying Rate
Ordinary.
.
Bar Silver per oz.
20 1/24
||
P.1. RANKS HIGH
IN PRODUCTION
.
OF GOLD
The Philippines now must de ranked well up among the world's first ten major gold producing areas, states the "New York Herald-Tribune."
The "Tribune" points out that the Philippines' 1938 gold produc-. tion, on the basis of the output for the first ten months, approximated 200,000 ounces of gold valued at U.S.$31,500,000, making a new high with an increase of 28 per cent. above last year.
1
The newspaper observes that this rate of icrease was not ap- proached by any other important gold-producing country during the past year. It says the output of the Philippines is now about 25 per cent of that of the entire con- tinental United States, including Alaska.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE ·
Dugan Sellers 256316 Xominal
$1350 81415 $1400
286
$900 8470
$470 ito pla
SHAREBROKERS ASSOCIATION
SATURDAY 14 JAN.
Bänks
H.K. Bašk
Dv. (Col. Reg.) ...
No. (Lon. Rag.) Chartered Banks
7 Marcantile Bks. "A"
213 Mercantile Bk. "C" 158
Bank of Bass. Asia ..... N. C. & S. Banks... Insurances
Canton InsOTLUCIE.... Union Insurances... Underwritern. Dana
178 H.K. Fires
Shipping
Bayırt Balers Sale omina
$1430
ESB
£271
£13
$2
$210
COMMODITY MARKET REVIEW
$475
70 cl
$150
MONDAY, JANUARY 16, 1939.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG. KONG
(FROM PAYNE & CO.)
184
STOCKS
Last Sale
Jan. 14
#
Adams Express ...
101
25!
The
Alleghany Steel Co. Allis Chalmers.... Amerada Corps. Amer. Can
Int. Tel, & Tel. Johns Manville
431,
Kennecott Copper
57 *
Libbey-Owens-Ford
98
Lockheed Alrcraft
31
Loew's Inc.
18
Martin, Glen L...
271
| McKesson & Robbins, 13 pf.
36**
Monsanto Chemical
163
Montgomery Ward
201
Hat. Dairy Products
Amer. S'ting and Ring Col
473
Nat. Distillers
211*
National Gypstun
153
National Load
821
Nat. Power & Light
131
Nat. Supply Corpo
321
New York Central
381
N. American Aviation
31
North American Co.
T
Northern Pacific
Barber Asphalt C
191
Pacific Gas & Elec.
Barnsdall Ol
178
Pacific Lighting
Bethlehem Steel
732
Packard Moters
| Boeing Airplane Co.
31
Paramount Pictures
Market Report
From Ross Bros.
* "Süver prices dropped 1/18 on Sal- turday for both deliveries, the quotations being 20 1/4 for Ready and 19 78 for Forward. Silver advices reported India as having bought and Speculators as having sold. The market opened steady, but later firmed up and closed with buyers at 1/16 over. Sellers were disinclined to bid. American Silver was quoted at 42 3/4 for,Spot.
The London-New York cross-rate was quoted at 407, New York-Lon- don was quoted at 467 1-16.
Quiet
Market
Sterling..
Nothing dolnik There were sellers at 12 31/32 January-February. probably March and 1/2 15/16 April-June, buyers at 1/3 Cash- March and 1/2 31/32 April-June, US Dollar
A small business was dorie at 29 1:8 for January delivery, market closed with sellers at. 29
1/8 January, 20 1/16 February and
SILVER MARKETS
LONDON SILVER
London, Jan. 14.
Silver India and speculators
14-15/16 bought. Offerings small. Market
Offelal Price 13-15/16 14 Ordinary. Official
3 months 14-1/18 141/8 Final Afternoon Transactions Tin, Standard, Cash, 218-1/2 pald and buyers.
Tin, Standard. 3 months, 217-1/4 buyers-Reuter.
LONDON GOLD
quietly stendy.
Spot.... Forward
20-1/2a.
20-1/18d.
-Reuter.
NEW YORK SILVER
$7
New York, Jan. 14. Official Price, 423-Reuter,
$37 337
H.K. Lands ........8.
$37
$5,85
$107) [De, 4% Debentures
#9 Shanghai Lands S. 1.K, Realties .......... Humphreya
$145
$6.60
18)
840
Chinese Estates....
Colton Mills
C.R.
915
Ewas (9.) te
BIO N'hai Cottons (8.)
334 | Zoong, Sings (8.)
| Wing On Textiles (8.)
::
BOMBAY SILVER
Bombay, Jan. 14. Market-Steady Offtake 20 bars Indian Mint Silver
Ready London, Jan. 14. Bar Gold, Fine per oz., 148.91. Dollar Parity, 1/24. premium.
-Reuter.
52-07 52-13 Feb. 14 Settlement. 52-04 52-00 Mar. 17 Settlement... 52-04 52-07 -Reuter.
NEW YORK STOCK EXCHANGE
Ather, & Foreign Power
(Through Reuter's Service) QUOTATIONS
29 March, buyers..at 23 3/16 Cash, Ameri & Foreign $7 pf.....
"29 1/8 first half of February and Amer. Locomotive
29 1.16 March.
Shanghal Dollars
Amer. Metals Co.
Amer, Radiator
Sellers were quoted at 178 1/4 for Amer. Rolling Mill ............
Spot
Shanghai Market
Opened "with sellers at 8. 27/64. Later sellers were quoted at 8. 13/32 for Spot. US Dollars opened with sellers at 18 3/8 and later slers were indicated at 16. 11/32 for Spet. Quiet.
Shanghai Exchange
Official T.T. Rates
Amer. Sugar Ring Amer. Tel. & Tel. Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohio
264
Douglaseme
318
Steamboats
$55
Indo-China.
(Prat)
$24
Bhik
Shells
Indo-Chinas (Def.)...
Waterboats
Docks. Wharves, Godowns, etc.
$118 H.K. & R. WharTCH 38} Providonta (old) ...... $8.15 Providenta (new)
H.R.&W. Docks...
Do. (new). $100 Shanghai Docki 8. $5. New Engineerings 9.
Mining
$18
#171
17/3 Karan
9.33 Raubs
$3 Venezuala Gold Fids
acts. Hong Kong Mined... Lands, Hotels and Buildings
II.K. Hotela
1.
$15
830
924
810
New York, January 14.
$9
SPOT
$118
APRIL-JUNE
86.38
410
JULY-SEPT.
SINGAPORE RUBBER
January 13
January 14 buyers sellers buyers sellers
27-3/4. 27-1/2
28-7/8 27-1/8 of 5/3 28
28-1/4 27-1/4 27-1/2 of 3/4 28-1/4 28-1/2 27-1/2 27-3/4 of 3/4
change
218
9:72
The market opened 1/4 of a cent lower for all compared with Friday's closing quotations.
deliverles 25
#101
331
17/3
$16.20 $10% $34
$12
Public Utilities
$17.60 $17
Tramways
'317,60
85
Paak Trama (old)
SPOT
$4
Peak Trams (new)
131
APRIL-JUNE
3:96 1Star Ferries
172.
JULY-SEPT.
3 steadier undertone.
During the session the market displayed There was some buying interest for trade and speculative accounts in evidence, but it was difficult to arrange bustriess due to scarcity of 38.90sellers, and such business as was transacted, could only be done at a substantial premium. There were also fair enquiries for "Spot" Rubber by consuming centres noticeable.
זה :
•
It would appear that the lower price-level is attracting more general buying, which is not surprising in view of the steadily, Im- proving statistical position. A policy of conservative accumulation would, therefore, seem to be indicated..
Towards the close of the session prices advanced by 1/4 cent on further good enquiries, the market closing with a steady undertone. " American consumption figures for .Decemper, 1937 amounted to 45.315 tons which is slightly higher than expected.
LONDON RUBBER
Previous close To-day's close buyers sellers buyers sellers
7-15/15 8
8-1/18 8-1/8
8-1/8 8-3/16
&
8-1/16 3-1/18 8-3/16
8-1/8 8-1/4
change
up 1/16
unch.
12 Siz
Yati Ferries (0)
OCT.-DEC.
8-3/16 8-1/4
Du. (new)
$2
8-3/16
.6-5/16
29.53
Chins Lights (0)
$9.80
Market steady,
$3.60 13
China Lights Kem.
$3.55
JANUARY 15, 1939
STOCKS
3004
810.10
$07)
9.8
933
H.K. Electries........ Macao, Electrics .... Sandakan Lights..... Telephones (old)
$58
2134
Last Sale
$.
Telephoner (new)
33
Jan 14
18:0
Traction
N2/
81
19/0
Tractions (pref.)
100
Industrials
304
$14
Cald., Macg, (Örd.) 8.
$14 Cald. Macg. (Fref.) 8.
Glass
50
$1.70 Canton Ice
81 20
311
$16.80
¡Caments
16.30
53
$1
Rope
32
Miscellaneous
103
824
$24.00
824.20
**
Dairy Farma
472
Ch. E'tainments ......
NEW YORK COTTON
The market was quiet and narrow but is showing an upward ten- .deney.
NEW YORK RUBBER
The market rallied sharply on good figures,
CHICAGO WHEAT
Reports of precipitation in dry areas and lower foreign cables In- fluenced the downward trend of the market to-day.
December consumption
Constructions
(old)
121
Constructions
(now)
261
18
Lane Crawforda
151
Nanyang Tobacco'
$31
25
Viacaros
$8.13
21
Watsons
3805
76*/
1925G $Bda.
107
141
"Govt. 4% Loans
$106
201
pau
1.K. Govt. 34Less
$100
N. Y. Commodity Market
172
*36
.K. Wing On
,37
231
What Wing On
121
283
3/0
43
121
221
H
*Sales
Shanghai, Jan. 14.
Borg-Warner
28
Pennsylvania R.R.
41
Opening
Biggs M'facturing
284
404
Phelps-Dodge
28.60 Vibro Piling
16,0 Marsmans Inv. (Les)
Harstand lay. (H.K.)
90 cl Win. Powells
249bina Lighta (Ex Rt);
H.K.S.10 Ewo Rights
to Shanghai
LONDON STOCK EXCHANGE
$0.50
90 018
New York Cotton New York Rubber
Mar..
Mar.
London
0/8
Brooklyn-M'hattan Trans.
12!
33
Phillips Petroleum
Chicago Wheat
May
New York
15-5/8
B'klyn-M'hattan $8 cum pf.
40
361
Public Service of NJ
Japan
Paris
56-7.8 5.48
Canadian Pacific R'way.
52
(REUTER'S SERVICE)
Pure Of
Chicago Comm Winnipeg Wheat
May
May
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E. Levy & Company)
Prev. To-day's
High Low Close Close Change 8.43 8.36 8.33 8.42. 09 up 16.06 15.04 15.83 16.06 23 up
681 681 682 681
off 521 52 524 621 1 of 82+ 62 621 62
off
Case, J.I.
88*
71
Radio Corpn. of Am.
London, Jan. 13.-
Hongkong
Open Market-Selling Rates
53-3/8
Chesapeake & Ohla
221
231
Republic Steel
Chrysler Corpn.
361
Reynold Tobac, "B"
419
Columbia Gas &z El.
761
16
Schenley Distillers
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,
NEW YORK COTTON
Close
Sterling
"Columbia 6% “A” pf.
78
Opening
Closing
Schenley, 5%, pfd.
£
£
Commercial
79
721
Spot
0/8-27/64 0/8-3/8
Sears Roebuck
War Loan, 31%
(Red.
Tr
Union Insurance
303*
January (1939) March
8.26/28
January #February
March
0/8-27/640/8-3/8
Commonwealth & B. (ord.)
53
Shell Union Oll
131
0/8-11/32 0/8-19/64 Consolidated Edison
0/8-25/64 0/8-11/32 Wealth & 9. 5% cum pf.
11
Socony-Vacuum' Oll ...
131
after 1952) Canton-Kloon Rly. 5%
97-13/10 18-1
481
191
Gula Kalumpong Rubber 21/3 Allled Ironfounders ...... 18
May
July
Southern Pacific
Chinese 41% Gold Loan,
Consolidated Oil
311
291
Southern Rly $5 pfd.
1898 (Brit. Issue).......78
Spot January
U.S. Dollars
87
433
Asso. & Elec. Industries 38/3 Austin Motors, ord.
October
,,) (...) (a) {.)
8.33/33
Opening
8.28b/33a 8.39/39
Closing
8.38 N
Change
1.10 up
8.42/43
.09 up
3.09/00 7.84/84"
<- 8.15/16
7.15/15
.06 up
1.91/90
7.91/91
.07 up
7.44 N
7.51/52
7.52/62
.08 up
25/3
Continental Can....
Standard Brands
518-3/8
16-11/32
$18-9/32 Continental 01
424
62
Stand Gas & Elec.
Chinese 5% Gold Bonds.
1925-47
76.
Cable & Wireless, New
Form, ord.
December (..) Spot
7.48 N
7.58/56
7.55 N
.09 up
8.83 N
8.92 N
.09
קטן
397
16-9/32 Corn Products
291
Standard Ol of N.J.
34
Chin. 41% Anglo-French
B.-A. Tob. (bearer)
95
NEW YORK RUBBER
February
16-9/32
16-3/15
10-3/32
...The
March
Market-Quiet.
Merchant Rates
Sterling, 0/8-13/32.
U.S. Dollars. $18-5/18.
Silver Duty Rate
Central Bank of China's Eler. Bond & Share
rate on London at 10 a.m. to-day Elec. Bond & Share $5 pl. was 1/2-1/2d... unchanged from Elec. Bond & Share $6 pr. yesterday.
The Equalisation rate was 6-1/4 Gen. American Trans.
10-3/16 Curtiss Wright (C)
65
Stone'& Webster
504
·Loan, 1908
55
Cammell Laird, ord.
7/3
Curtiss Wright" "A"
61
Swift International
181
Chinese 5 Crisp Loan,
Mexican Eagle
4/0
March (1939)
15.83/84 15.85b
16.08/00
23 up
Distillers Corpn. Seagrams
254
271*
Technicolor
1912
35.
Courtaulds
26/9
May
15.80/81
15.85/85
15.95/97
.15 up
Douglas Aircraft
104
201
Texas Corpn.
Chinese 5% Reorg. Loan,
Distillers
87/9
September
15.79/19
15.98/08
19 up
Du Pont de Nemours
452
Texes Gulf Sulphur
1913 (Ldn. Is.) ........
52
Dunlop Rubber
23/3
October
1497
317
Celanese
| Trans-America Co.
Chinese 5% Ster. Notes,
Gen. Electric (England) 75
December
15.78 B 15.82/82
15.98 N
20 up
$18.02 N
..20
up
Eagle Picher Lead
124
20th Cent. Fox.
1925 (Vickers)
13
Guinness (A) Son & Co.
111
233
103/6
Sales for the day:-
860 tons
20th Cent. Fox. $13 pl.
Chin. Imperial Rly. 5%
Hawker Siddeley Airc.... 23/4;
53
32 *
Union Carbide & Carbon
Loan...
641
85+
Elec. Power & Light $7 pf. Flintkote
374
Union' Pacific
Honan Rly. 5%
26
951
United Aircraft
Hukuang Rly. 5%, 1011... 33
29
38
י
United Airlines Trans.
Hukuang Rly. 5%. 1911
581
12
(German Issue)
ནས་ཐ
12
Bristol Aeroplane
Imperial Chemical Ind. 297101
22/6
Imperial Tobacco
129/41
Marks & Sp'cer "A" ord.
May
55/9
Rolls Royce
July
681/683
CHICAGO WHEAT
082/083 081/081 68+/681 681/687
631/083
ou
per cent.-Reyter.
Gen. /Electric
41
United Corpn.
34
111/3
471
United Corpn. 33 cum pf
344
Gen. Motors
United Gas Corpn.
Lung Tsing & U. Hal Rly.
5%
Leyland Motors
September
694/692
891/891
80/71
14
Tate & Lyle
London Exchange
Gen, Railway Signal
24
21
58/11
Friday's Sales:
8,521,000, bushels'
United Gas Improvement
Glidden Co.
22
11
US. Rubber
London, Jan, 14.
Goodrich (B.P.)
22+
453
Closing mean rates were as fol-
lows:
Paris, 177-5/16.
New York, 4.87-3/16
Goodrich $5 pt:
Goodyear Tire & Co.
US. Rubber $8 pfd.
601
972..
341
U.B. Steel
$51
Great Northern Iron Ore
141
Vanadium
28
Great Northern Rly; pfd. 273
Warner Bros. Pict.
$
Montreal, 4.71
Brussels, 27.64
Great Western Sugar
25k
Westinghouse Mec,
1117
Geneva, 20.591
Amsterdam, 8.60
Milan, 88-13/16
Berlin 11.04
Hecker Products
Greyhound Corpn..
Homestake Mining Lat. Nickel
187
Woodward Iron Cor.
231
10%
Chase National Bank
321*
641
National City Bank
25.
531
Prague, 136
*dia.
1-ex. dlv.
1988 & 1929
High
Low Dow Jones Averages. Jan. 13.
158.41 88.86 30 Industrial
84.33 19.00 10 Raile
Buenos Aires, 20.401
Other rates were unchanged.-
British Wireless.
New York Exchange
New York, Jan, 14. T.T. on London Opening Rate), 4.67-7/16-Reuter.
$5,19 18.14 90 Utilities
99.70 83.39, 40 Bonds
Jan. 15, 1983. High Low Close ·Charice 148.49 147.01 149.26 147 up 31.00 31.46. 31.05 1.01'up 22.00. 23.55 82.60 23,49 ,00 EP 97.43 .11 up 47.98
.02 off S'hai Bec, Constr. Co. ́.
S'hal Waterworks "A"... 191* Business Dones—470,000 sharoR
90.31
52.00 45.03 11 Commodity Index 48.00
DOW JONES AVERAGE
10.
S'hal-N'king Fly. 5%..... 24 Tientsin-Pukow Rly. 5%
(Brit. Stpd.) ....... .... 16 Tientsin-Pukow Rly. 5%
(German 8tpd.) 10. Tientsin-Pukow Rly. 5
(Brit, Stpd. Bupl. Loan) Tientsin-Pukow Rly, 5%
(Ger. Stpd. Supl Loan) 16 Jap. 5% Ster. Loan, 1907 41 Jap. 6% Ster. Loan, 1924 481 Ger. 7% Intl. Loan, 1924 38 Chartered Bank
Rub. Plant. Invest. Trust 26/9 Burma Corporation 8/0 Commonwealth Mining.. 1/6 Marsman Investments... 18 Randfontein Estates
38/T1 11 232/6 ed.
Turner & Newall
United Steel ...
75/101
CHICAGO CORN
22/8
Smethwick Drop Forg....
16/9
Armstrong Stevens, ord.
&
Pressed Steel, com. Vickers, ord.
May July
15
September
52/521
541/541
523/521
52/521
53+/631 532/531
541/541
531/531 54/54
22/3
Woolworths
50/9
Anglo-Dutch
WINNIPEG WHEAT
23/9
May July October.
621/621
€21/63
€21/621 827/621
62/621
off
631/631
621/62) 021/63
од
Of
140.59 30.04
94
H.K. S'hai Bank (Lap.
Rez.) HK8hal Bank (Cu),
Reg.) Chinese Eng. & Mining
(beater)....
86
Western Holdings ..... Bub-Nigel is
87
Tanami Gold Mining...... Anglo-Iranian
March June
90/71
Barmah
80/7%
17/3
Bhell Trans.
& Trad.
Chosen Corporatior ......· T/- Pekin Syndicate ..........
2/4.
(bearer)
-Nominal
80
March
25/-*
-Reuter
NEW YORK HIDES: (New Contracts)
11.85/85 12.01b/19a 12.05b/09a 12.21/22 $12.49/45 12.42/43
NEW YORK-STRAITS TIN
46.45b/650 46.50b/70a 46.55b/75& NY Silver, Official
...... 42-3/4 NY-London Cross Rate 4.871/18 -
unquoted
4.67-3/4
+
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