1939-01-23 — Page 12

FINANCE

Chartered Banki

2871 Mercantile Bka. "A"

$470/68...

Mercantils Bk. "C"

|Beak of Baat Asia

N. C. & B. Banks...

Insurances

Canton Ingarances Union InfuraDORE ... Underwriters

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

Shippler

New York. January. 21.

} INL

176 pom

PAGE 12-HONGKONG DAILY PRESS

MONEY AND EXCHANGE

'CLOSING · QUOTATIONS Calcutta Exchange

JANUARY, 1939.

On London:-

Telegraphic Transfer.

Bank Bills, on demand

Credits 4 months' sight 1/34

On Shanghai:-

On demand

On Singapore:-

Calcutta. Jan. 21. T.T. on Japan, 78-8 8.-Reuter.

LONDON METALS

EXCHANGE

HONGKONGTM

SHA RE QUOTATIONS

London; Jan, 20.

COPPER

STOCK EXCHANGE

Bayer Beru Balea Nomas)

India Rupee Paper

3 months 43-5/16

Bombay, Jan. 21. Govt. 31 per cent. Rupee, 98-01-0. -Reuter

Electrolytic 4*, 43-1/4

buyers

£ . Standard, Cash 42-15/16 43 Standard.

43-3/8 48-1/4

*sellers

£

JAN.

Banks

$1386

#1350/ 75

281 €9

H.K. Baaks

#1850

Te

Do. (Col. Bog.)

Do. (Lon, Beg.)

*TIN

On demand

33

Standard... Cash 316-1/4 Standard

218-3/8

213

$88

וי

On Japan:-

On demand

1061

SILVER MARKETS

3 months 216-3/4

LEAD

-216-7/8

$463

On India:-

LONDON SILVER

and demand

Telegraphic Transfer.

On New York:--

Bank Bills, on demand 29

Silver-India and

London, Jan. 21.

speculators

Foreign,

Omcial Price 14-1/4 Foreign. Official

$468 TO CLA

14-3/8

$170

#170

SHAREBROKERS ASSOCIATION

SATURDAY 21

Baysidere Balsa Woning

***

**

6210 $475

70 ch

1.3190

MONDAY, JANUARY 23, 1939.

非

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

Credits, 80'days' sight 19 1/2

bought. Sellers reserved. Market quietly steady.

-9 months 14-1/2

SPELTER

14-9/18

183,

304

$18

$15 44

#54

Ordinary.

$20

On Batavia:-

On demand

.... 53 1/4

Spot.....

Forward

20-3/16d. 19-7/8d.

Omelal Price 13-9/18

13-11/18

79/4

Shells

Ordinary, omdial

On Paris:-

-Reuter,

13-15/16

Bank Bills, on demand 1096

Credits 4 months' sight 1140

On Saigon:-

NEW YORK SILVER

$6

On demand

Un Manila:

New York, Jan. 21. Omcial Price, unquoted-Reuter.

On demand

*8 18

BOMBAY SILVER

On Bangkok -

On demand

1481

Sterling Notes:-

Market- Quiet but steady.

Bank Buying Rate

Bar Silver per oz.

1/3-1/18 20 1/16

Bombay, Jan. 21,

Offtake 50 bars.

$3

!!!

$118

SPOT

38

APRIL-JUNE

www

$5.50

$18

JULY-SEPT.

$101

18,9

29,90

Indian Mint Silver

Ready Feb. 14 Settlement Mar. 17 Settlement

52-03 62-04 52-03 52-03 52-00 52-00 -Reuter

$6.60 18.85 $38 $281

$5.55 351

$8.05

$100

Market Report

Silver prices were unchanged on. Saturday, the quotations remain- ing at 20 1/16 for Ready and 19 3/4 for Forward. Silver adrices reported the market

1.5 being steady.

strali business was done. American Silver was Bugted at 42 3/4 for Spot.

A

The Landon-New York cross- rake was quoted at 488. 12. New York-London was quoted at 488.

1/8,

Market

Inclined to easiness.

Sterling

Business was dorie shortly after. the opening at 1/2 31/32 (OT pear delivery and 1/2 15/16 was "Iso arranged. for April. The market closed with sellers at 1/2 15 16

January-March

1/2 and 29/32 April-May, buyers at 1/32 higher respectively.

U.S. Dollars

Business was done at, 293/16 for near. 20 1/8 February and 20 1.16 April. The market closed with sellers at 29 1/8 January.

13

LONDON GOLD

London, Jan. 21. Bar Gold, Fine per oz., 148/8). Dollar Parity, lid. premium."

-Reuter

3 months 13-7/8 Final Afternoon Transactions Tin, Standard, Cash. £216 paid and value.

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

WORLD CABLE SERVICE

"As an indication of how Cable and Wireless unification is

pro- ceeding throughout the world, the public will be interested to learn that arrangements have Now been made in Portugai for the and co-ordination of their cable) wireless services."

"Via Eastern" and "Via Radio Directa" traffic will be accept- ed at the Companhia Portuguesa Radio Marcont counter in Lisbon and telephoned telegrams for either route will be received.

NEW

"

YORK STOCK

Amer, Can......

EXCHANGE

(Through Reuter's Service)

QUOTATIONS"

JANUARY 22, 1939.

STOCKS

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

Amer. & Foreign Power

probably February, 29 1/16 March Amer! & Foreign $7 pf.... and 29 Apr, buyers at 29 1/16 Amer. Locomotive Cash-Febrgary. 29 1/8 first half Amer. Metals Co,

of March and 29 1/18 April.

Shanghai Dollars

Sellers at 179 1'8.

Shanghai Market Steady Sterling opened sellers at 8. 21/64 and closed at 8.5 32 for Spot. US. Dollars opened with sellers at 16.1/4 and closed at 16.7/32 for Spot. Quiet,

Shanghai Exchange

Official T.T. Rates

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

Barber Asphalt

Douglass Steamboats

*

Lado-Chinee (Prat:)

Indo-Chinas (Del.)...

Waterbostsocie

Duck's, Wharves, Godowns, etc.

8116 H.K. & K. Wharre

Providents (old)

$3.90 Providenta (new) **** $17,86 H.R. & W. Dock... $17,2 Do. (new)

#100 Shanghai Dooks 8.

$6.61 | New Engineerings 8.

Mining

18/9 Кався

-9.35 Esube

Venezuela Gold Fide

71 obs. Hong Kung Miner .....

Lands, Hotels and

Buildings

H.K. Hotals

H.K. Lands ...........

$107, 4% Debentures.

$8.70 Shanghai Lands A.

HK. Reaktion Humphrey

*****

$99

Chinese Estates

Cotton Mills

C.R. SILIO Ewon (8.)

636 S'hal Cotions (8.)

$40

SINGAPORE RUBBER

January 20 buyers sellers 27-3/8 27-5/8 27-7/8 23-1/8

January" 21. buyers sellers 21-3/8 27-6/0

change

unch.

-27-7/8 28-1/8

28-1/8

28-3/8

28-1/8 28-3/8

The market opened 1/8 of a cent lower for all deliveries, as com- pared with Friday's closing quötations.

Reflecting conditions prevailing in London and New York the market was dull and featureless throughout the session. Overnight cables from New York reporting on a continuance of 'very satisfactory. Automobile-production as well as of good prospects of › increased Rubber consumption during this quarter failed to stimulate activity.

The market closed with a quiet undertone.

LONDON RUBBER

Previous close buyers sellers

SPOT

$18

:

499

APRIL-JUNE

JULY-SEPT.

7-15/16

8-1/16

8-1/16

8-1/8

To-day's close buyers a sellers 7-15/18 8

change

8

8-1/8.

unch

off 1/16

8-1/8 -8-3/16

8-1/16 8-3/16

off 1/18

$24

Zoong Sing (9.)

OCT-DEC.

8-3/16 8-1/4

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

unch,

Wing On Textiles (8.)

$42

Public Utilities

Market quiet.

$17.20 $174 $17.10

Tramways

$17.10 $17,40| $11.10|

$

Peak Trams (old)

401

34

Peak Trams (new) ...

13)

$12

Star Ferrios

$23

mati Ferries (0)

6924

$22

Do.

$9.40 $91

C.A. China Lights (45)

$8.45

$3.10/3

China Light Rt.

เจ

$679.K. Electrics

0561

917 Macro Electrics

1954

፧፧፧

The average forecast of last week's stock of rubber in London and in Liverpool shows a decrease of 1.550 tona.

NEW YORK. COTTON

The market was quiet and featureless, with speculative buying of nears, which was off-set by foreign selling. There is very little news from Washington concerning cotton.

NEW YORK RUBBER

Prices declined on foreign selling, caused by unfavourable Öer-

man news.

CHICAGO WHEAT

The market was quiet and lower on ffquidation and weak securi- tles.

Jan. 21 Jan 22 Change 149.1 146,76

Dow Jones Industrial averages

ott 2.35

::.

Sandakan Lights

23 Telephones (öld)

Talophones (now)

280 Tractions

Cements

Miscellaneous

Dairy Farmho Ch. E'tainments Constructions

Constructiona

Nanyang Tobacco

32 Sinceros

89% Ch: 8.5% 19250 $Uds.

$6.00 Vibro Piling.....

Marsmans Liv. (Loa.)

Marsmans Inv. (H.K.)

#Balas Lo Shanghai

$10.10

STOCKS

Last Sale

Last Sale

Jan. 21

¿ Jan. 21

Adams Express Alleghany Steel Co. Allis Chalmers Amerada Corps.

91

87

29,

Tractions (prof.)

Industrials

241

991

314

+42

381

Cald., Macg. (Ord.) 8.

€13

Cald., Macg. (Fret.) 5.

681

50

Glass

$1.70

Canton Ions

27

29

$16 70

$1.80

$18

Lockheed Aircraft

:

31

49%

Loew's Inc.

B1

25元

Martin, Glen & .....

304

1011

$241

$231

$24

McKesson & Robbins, $3 pl

$7

98

481

Monsanto Chemical

$11

(old)

Amer. Radiator

157

13

Amer. Rolling Mill

191

Montgomery Ward

(new)

201

28

Kat, Dairy Products

Lane Crawfords

18

$31

Amer. S'ting and Ring Co.

45

143

Nat. Distillers

Amer. Sugar Ring Amer. Tel & Tel.

"211

231

National Gypsum

$8.15

1541

81

Watsons

$8,05

69%

with

891"

National Load

132

Nat. Power & Light

6 pm H.K. Govt. 4% Losus

$1061

133

191

30%

Nat. Supply Corpn.

pa H.K. Gov. 34% Loan

$100

1001

N. Y. Commodity Market

A

164

H.K. Wing On

$37

New York Central

371

237

843

N'hai Wing On

N. American Aviation

$6.20

34*

121

83

North American Co.

15/8

291

Northern Pacific

2/8

181

421

90

W. Powells

190 cta.

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

Pacific Gas & Elec.

Barnsdall On

17.

44

18.60

China Lights (Ex Kt)

Pacific Lighting

Bethlehem Steel

70

12

Ewo Rights B.K.......

1.10

Packard Motors

Shanghai, Jan 21.

Boeing Airplane Co.

29

21

Paramount Pictures

Borg-Warner

281

-401

London,

New York

Japan

Paris

Opening

0/8

Pennsylvania R.R.

Biggs M'facturing

271

391

Phelps-Dodge

LONDON

STOCK EXCHANGE

New York Cotton New York Rubber

Mar.

Prev. To-day's High Low Clone Close Change

8,51 8.48 8.50 8.49

.01 of

Mar.

15.98 15.92 18.08 15.95

.13 off

Brooklyn-M'hattan Trans.

117

334

15-5/8

Phillips Petroleum

56-7.8 5.48 53-3/8

B'klyn-M'hatton șa cum pt.

382.

351

Fublic Service of N.J.

Canadian Pacific R'way.

51

10

Case. J.I.

00.

Pure Of ........

73

Sterling

Opening

Spot January

Hongkong

Open Market-Selling Rates

Closing 0/8-21/64 0/8-21/84 Columbia 6% "A" pl.

Celanese"

214

Radio Corpn. of Am.

Republic Steel

1221"

(REUTER'S SERVICE)

The following quotations are the middle prices at the close of

Chicago Wheat Chicago Comm Winnipeg Wheat

May

894 89. 891

891

+ off

-May May

521 514 521 62) .628 $21

514

of

...52) unch.

London, January 20.

NEW YORK COTTON

Chesapeake & Ohio

344

421

Reynold Tobac. "B"

Chrysler Corpn

751

Schenley Distillers

151

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

Close

Opening

Closing

Chazge

Columbia Gas & El.

·77

TI

Schenley, 54% pid.

£

3

79

711

March

(1939)

8.50/51

8.51/51

8.49/50

.01 of

Sears Roebuck...

0/8-21/64 0/8-21/64 Commercial

50

131

Shell Union Oll

February March

0/8-5/18 0/8-19/64

Commonwealth & §. (ord.)

17

13

Socony-Vacuum Dil

0/8-17/84 0/8-1/4: U.S. Dollars

C'wealth & 9. 6. cum pt.

514

18

War Loan, 31% (Red.

after 1952) Canton-K'loon Rly. 5% 17

974

Southern Pacifle

Consolidated Edison

317

281

Southern Rly $5 pid.

Consolidated Oll

82

44

Standard Brands

Spot

$10-1/4

$16-7/32 Continental Can

401

67

Stand Gas & Elec,

January

16-1/4

16-7/32 Continental Oll

281

31

1925-47

Standard Of of N.J.

Chin, 41% Anglo-French

February

16-3/16

16-5/32 Corn Products

63

49

Stone & Webster

Loan, 1908

March

16-3/32

16-1/16 Curtiss" Wright (C)

64

151

| Swift International

Chinese 5% Crlap Loan,

Market-Quiet.

Curtiss Wright "A"

243

271

Technicolor

Merchant Rates

Distillers Corpn. Seagrams

181.

201

1012 ...

Sterling, 0/8-5/16.

Douglas Aircraft

671

Texas Corpn.........

Chinese 5% Reory. Loan,

451

| Texes Gulf Sulphur

1913 (Ldn. Is.)

494

U.S. Dollars, $16-3/10.

Du Pont de Nemours.......

149

314

Trans-Americs Co.

Chinese 5% Ster, Notes,

Eagle Picher Lead ...

121

1E.G

20th Cent. Fox.

1925 (Vickers)

Silver Duty Rate

Elec. Bond & Share

11

23

20th Cent. Fox. 511 pí.

Chin. Imperial Rly. 5%

London, Jan. 21.

The Central Bank of China's Elec. Bond & Share $5 pf. rate on London at 10 a.m. to-day Elec. Bond & Share $6 pr. was' 1/2-1/24.. unchanged from Elec. Power yesterday.

The Equalisation rate was 541/4 Gen. American Trans. per cent-Reuter

London Exchange

Closing mean rates were:-**

Paris, 178-29/32,"

New York, 4.67-5/18.

Montreal, 4.70).

Brussels, 27.84.

Geneva, 20,8%. “ Amsterdam, 8.61-3/8.

Milan 88-13/16.

Berlin, 11.67.

Greyhound Corpn.

Hecker Products

Homestake Mining Int. Nickel

60

33

Union Carbide & Carbon

Loan

661

4

Light $7 pr.

391

Union Pacific

United Aircraft

Flintkote

38

United Airlines Trana.

58

Cen. Electric......

401

United Corpn.

United Corpn. $3 cum pf.

Gen. Motors

46

United Gas Corpn.

Gen. Railway Signal Glidden Co.

232

United Gas Improvement

22

Goodrich (B.F.) ...................... Goodrich $5 pî.. ... Goodyear Tire & Co.

UB. Rubber

22

U.S. Rubber $8 pid.

61

332.

US. Steel

Great Northern Iron Ore ..

141

Vanadium

Great Northern Rly, pfa. 28

Warner Bros. Pict.

Great Western Sugar

251

Westinghouse Elec.

18

Woodward Iron Cor.

101

.64.

|Chase National Bank

National City Bank,

521

Prague, 1361.

*...bid.

1-ex. dlv.

Lisbon, 110-3/8.

Other rates were unchanged.----

British Wireless.

New York Exchange

"New York, Jan.”21.

T.T. on London Opening Rate). 4.67-5, 16.-Reuter.

1938 & 1939

Jan. 22, 1939,

High

15R4! 98,95 $0 Industrials

149,17

34.33. 19.00 - 10 Raile

.31.79

25.19 15.14 20° Utilities

14,08

02.70 83.39 40 Bonda

90.95

59.00 45,03 11 Commodity Index 43.20

Business Dons:-680,900 shares

DOW JONES ÅVERAGE

Low Dow Jones Averages, Jan. 20, High Low Close

-148.89 14863 146,70 2.35 O

31.69 30.90 31.10 ,69 of $4.59 23.74 23,97 .71 off £0.78 19 off 47,00 30 off

Honan Rly. 5%

Eukuang Rly. 5%, 1911..

Hukuang Rly, 5%, 1811

(German Issue)

Lung Taing & U. Hai Rly...

5%

Shai-N'king Rly. 5%..... 20,

Tientsin-Pukow Bly. 5%

Tientsin-Pukow Rly. 5%

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

(Brit. Stpd. Supl, Loan) Tientain-Pukow Rły. 5%

(Ger. Stpd. Supl. Loan) Jap. 5% Bter. Loan, 1907 41 Jap. 8% Bter. Loan, 1924 47" Ger. 7% Intl. Loan, 1924 34 Chartered Bank

HK & Bhai Bank (Lan,

Reg.)

HK, & Shai Bank (Cal.

Reg.)

Chinese Eng. & Mining

(bearer)

Chosen Corporatior

871

95

37

114

31

35

3

124

45

(Brit. Stpd.)

100

621

ka

287

54

109!

23

ཆ བྷ ུ རྒྱ ུ ཊྚཟླུ8 ཤཱ ཡོ╗ཧྥུ༣ * སྦ ✖

Chinese 41% Gold Loan,

1898 (Brit. Issue)...... 72 Chinese 5% Gold Bonds,

Union Insurance .......... Gula Kalumpong Rubber 20 Allied Ironfounders .... 17/6 Asso, & Elec. Industries 38 Austin Motors, ord.

24/6 Cable & Wireless, New

Form, ord. ..... B.-A. Tob. (bearer)

301*

May

(..)

8.20/20

8.22/22

8.22/22

.02 up

July

}

7.96/06

7.94/04

7.92/93

.04 of

October (

}

7.45/46

7.47/47

7.45/45

December. (..) Spot

.7.43/43

7.43b/47a

7.41/41

.02 off

9.10 N

8.09 N

.01 of

38-3/4 94/41

NEW YORK RUBBER.

Cammell Laird, ord, Mexican Eagle

6/101

4/3

Courtaulds

March (1939) May

15.08/08

15.97/97

18.00b/05a. 15.05/95 15.88b/90 15.83b/84a

.13 off

.14 of

24/73

September

15.95/95

Distillers

88

December

15.95/95

15.81/82 15:82/82

.14 off

ГР

.13

off

Dunlop Rubber

23

Gen. Electric (England)

Sales for the day:---

820 tons.

74/6

Guinness (A) Son & Co. 101 Hawker Siddeley Airc.... 22/9 Bristol Aeroplanë

CHICAGO WHEAT

22

Rolls Royce

Imperial Chemical Ind. Imperial Tobacco .... Marks & Spicer "A" ord. 54/7)

29/10/ 129/44

May July September

691/591

691/36

691/691 701/701

691/691

603/891 61/691

of

701/701

off

111/6

Friday's Sales:-

5,554,000 bushels

Leyland Motors

78/9

12+

<

Tate & Lyle

58/6

Turner & Newall

74/3

United Steel

Smethwick Drop For

22/11

16/9

Armstrong Stevens, ord.

8

15.

Pressed Steel, com.

May.... July September

CHICAGO CORN

521/521. 52/52 531/531 521/53 531/63 63/53

512/511 523/527 521/521

15

Vickers, ord.

21/6

Woolworths

WINNIPEG WHEAT

00/11

Anglo-Dutch.

23/3

Rub, Plant. Invest. Trust 26/3 Burma Corporation ...... Commonwealth Mining.. 1/41 Marsman Investments... 15/8 Randfontein Estates Western Holdings Sub-Nigel

May July

B21/621

621/63

8/8

October

63+/632

821/821 82/821

63/63 33/821

631/631

unch.

up

wach.

Change

Tanami Gold Mining...... Anglo-Iranian

36/3 8/9 220/74 Bd.

NEW YORK HIDES: (New Contracts)

March June

11.83b/94a 1181b/89a 11.55b/56a 12.27/27 12.15/12 11.89/90

16/9

Burmah Shell: Trans.

80/41 80

Trad.

Pekin Syndicate

2

bearer)

79/41

S'hal Elec. Constr. Co.. Shal Wat works "A"... 191*

25*

•-Nominal

-Reuter

`NEW YORK-STRAITS TIN

48.35b/808-48.35b/85a 40.30b/602.

March NY Bliver, Oficial..... 42-3/4. NY-London Cross Rate 4.68-1/8.

unquoted. 4.87-3/8