1939-01-24 — Page 12

Daily Press 孖剌西報 All

PAGE 12-HONGKONG DAILY PRESS

MONEY AND

EXCHANGE

SINGAPORE STOCK, QUOTATIONS

Singapore, Jan, 13. "The following glotations of 12 leading Singapore stocks have CLOSING QUOTATIONS teen received by Messrs, Ells &

JANUARY :: 1939.

On London

Telegraphic Transfer. Bank Bilis, on demand Credits 4 months' sight

1/3

On Shanghai:-

On demand.

16 nom

On Singapore:-

On demand

On Japan:-

On demand

་.

On India

Telegraphic Transfer.

and demand......

On New York:-

Bank Bills, on demand 18 15/1 Credits: 80 days' sight 29 7/16

On Batavia-

Un demand

ווי

Edgar from Messrs. . M Sassoon & Co., Singapore.

MIDDLE PRICE Rubber Shares Amalgamated Malay Estate Ltd. $1.60, Kempas Limited. $1.75, Kuala Sidim Rubber Co., Ltd. $2.15, Pajam Limited $1.75 Sungel Bagan Rub- ber Estate Ltd. $1.40, "Tapah Rub- ber Estate Ltd. 175

Tln. Share's

Petaling Tin Ltd. $6.90, Sungel Luas Tir Dredging Ltd. $1.50 ex 0.

Industrials

Straits Trading Co., Ltd. $25.85. United Engineers Ltd. (Ordinary). 58 40, Wearne Brothers Ltd. $13.50.

Gold

Raub Australian Gold Mining Co., Ltd. $4.80.

Note: The above duotations are in Straits Dollars.

IMPROVED TRADE

JOURNAL

H. K. STOCK

EXCHANGE

Jan. 23.

Quiet conditions stlil prevali with trading on a most limited scale. Prices in the majority of cases however remain unchanged.

Buyers

Hongkong Bank, $1370. H.K Fire Insurance, $170, HK. Lands, $36.

H.K. Realties. $5.00. Entertainments, $7.

Sellers

Union Insurance. $468. China Underwriters, $0.70. H. and 9. Hotels; $0.85. Humphreys, $9.

HK Tramways, $17.30. China Lights (Cum rts.), $9.40. China Lights (Rights). $3.10. Lane. Crawfords. $8.

Sales

Hongkong Bank, $1370.

Philippine Minea

Atoks. Ps. .36.

FINANCE

HONGKONG SHA RE

STOCK EXCHANGE

Buyers Balleri Bal

QUOTATIONS

SHAREBROKERS ASSOCIATION

Nosial MONDAY 23,

JAN.

$1370

£82 CV

Buyer Sellers Sain acomina

$1370

BLY

Banks

H.K. Bank,

Do. (Col. Reg.)

(Lon, Bag.)... Chartered Banki

E87 Atarcantile Bks. "A" Marcantilė Dka. “C”

Bank of East Asis ... N. C. &. Banka... Insurances

$210 Canton Insurancas...

Union InsUTEMOSS

Underwriters

213

Shipping

1910 $475

$168 70 eta,

$170

H.X. Firs

70 eta $130

$61

Douglases

864

$18

Steamboats

$14

154

Indo-Chinas

(Prat.)

194

Indo-China

(Def.)...

79/4

Bhalla

Waterboats

Docks, Wharven,, Godowns, etc..

8116 H.K. K. WharYOS Providenta (old)......

$5.00 Providenta (new)

H.K. &W, Docks...

$17.20 Do. (new)... $100 Shanghai Docks 8. 46. New Engineerings 8.

Mining

18/9 Kailanz

$9.35 Roube

Venezuela Gold Fids 7 ets, Hong Kong Mines ... Lands, Hotels and

Buildings

H.K. Hotala

H.K. Lands.........8.

$107) Do. 4% Debentures 49.70 Shanghai Landa

53 1/4

On Paris:

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

H.K. Fire Insurance, $170. China Lights (Rights), $3.05/3.00

Un Salgon-

Antamoks, P. 48.

#174

On demand

102

On Manila:-

Bagulo Gold, Ps. 27.

On demand

Benguet Consolidated, Ps. 13.70.

On Bangkok -

Coco Grove, Ps. .49.

On demand

+49

Sterling Notes:-

Bank Buying Rate

Bar Silver per oz.

1/3-108 20 3/16

Market Report

Adding to its reputation, ac

of quired in the bare space few months, As one of the most informative brightest and reviews in its sphere, the January.

of the "Far |number

Eastern Economic and Commercial

Demonstrations, Ps. 24.

IX.L. Ps. .68.

Paracale Qumaus. Ps. 12)...

212

16.35

$36

San Mauricio, Ps. 1.80. Suyoc, Ps. .20.

United Paracales. Ps. 72.

Sliver prices rose 1/8 over the Journal" is vastly improved and Cheng's account of China's orange week-end for both deliveries, the contains a wealth of excellent industry and S. S. Chow's "Chi- quotations being 20 3/16 for Ready articles" and valuable statistics nese Business Superstitions." and 19.7/8 for Forward. Silver covering almost every branch of while, among other things. WIL advices reported the market as trade activity in this part of the lam S. Hung, B.Sc. J.D.

"Chinese tinues his analysis of being steady. India and Specula- world tors bought. American silver was Among feature articles of in-Law of Principal and Agent." quoted at 42 3/4 for Spot.

terest may be mentioned M. Y.A.C.n

The London/New York cross- rate was quoted at 467.25. New York/London was quoted 482.3/8.

Market

Quiet. the undertone was not robust

Sterling

There were sellers at 1/2 15/16 January/February, probably March and 1/2 29/32 April/May, buyers at 1/2 31/32 Cash/March and 1/2 15:16 April/May.

U.S. Dollar

A small busiries was done at

con-

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

Alleghany Steel Co.

20 1/16 for February and 29 1/8 Allis Chalmers for Cash. The market closed at Amerada Corps. p.m. with sellers at 20 1/16 fo| Amer. Cap

January, probably February and 29 Amer. & Foreign Power March, buyers at 29 1/8 for cash

and 29 1/16 first half March.

Shanghai Dollars

Sellers at 178 1/2 for Spot.

Shanghal Market

Opened with sellers at 8.11/32 Amer, Sugar Ring and then rose to 8.15/32. Later Amer. Tel. & Tel. the rate was quoted at 8.13:32. for Amer. Tobacco "B" Spot. US$ opened at 16.1/4 and Amer. Waterworks closed at 16.13/32 for Spot. Steady Anaconda, Copper during the early'. · part of the Atchison. T. & S. Fe. morning but eased off later.

Auburn Motors AFTERNOON MARKET

Baltimore & Ohio The market was quiet in the Barber Asphalt C afternoon.

Sterling

Barnsdall O11 ....

Bethlehem Steel

The market closed with sellers Boeing Airplane Co.

at 1/2 15/16 January/March and Borg-Warner

(Through Reuter's Service) QUOTATIONS

and 1/2 Brooklyn-M'hattan Trans.

JANUARY 22, 1939.

STOCKS

$36 124 179/11

TUESDAY, JANUARY 24, 1939.

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING.

HONG KONG

COMMODITY MARKET REVIEW

$118

SPOT

AFRIL-JUNE

34,80

JULY-SEPT,

#3:21

101

16/9 $3.90

$8.85

#36]

(FROM PAYNE & CO.)

New York, January 21.

SINGAPORE RUBBER

28-1/8

January 20 January 21.. buyers sellera buyers sellers 27-3/8 27-5/8 27-3/8 27-5/8

28-1/8 27-7/8

27-7/8 28-1/8

28-3/8 20-1/8 23-3/8 ..

change

unch.

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

Reflecting conditions prevalling 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 falled to stimulate activity.

The market closed with a quiet undertone.

LONDON RUBBER

To-day's elde buyers sellers

7-15/16 %

change

Previous close buyers sellers 7-15/16 8-1/18

8-1/16 8-1/8 B

unch.

8-1/8 off 1/18

8-1/8

8-3/15

B-1/16

8-3/16 of 1/16

8-3/16 8-1/4

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

SROT

898

APRIL-JUNE

JULY-SEPT.

124

OCT-DEC

Market quiet.

H.K. Realtisa

Humphreys

$80

Chinese Eatatea

C.R.

$18,10

*9*

Cotion Mill

wos (8.)

$24 Zoong Sings. (9.)

S'hai Cottons (8.) ...

༄ག: ོ།།།

$40

$17.10 $17.40 $17

Wing On Textiles (9.) Public Utilities Tramways

Peak Trams (vid)

(17 20. 161

$17.20

Peak Trama (new)

Star Ferrina...

172

1 'mati Ferrios (0)

DK. (new)

$924

$22

$9.40 $3.05

L.B. China Lights (0)

$8.40

Chins Lights Nis

$3,10

$57 H.K. Electrics...... $17 Macao Electrics

#663

$10.10

Sandakan Lights

8234 Telephones (old).

Telephones (new)

$234

"The average forecast of last week's stock of rubber in London and In Liverpool shows a decrease of 1,550 tons.

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 Ger-

man new3.

Last Sale

Jan. 21

15/0

Tractions

Jan. 21

29/0

Tractions (pr.)".....

Int. Tel. & Tel.

Industrials

241

99;

Johns Manville

$14

Cald., Mang. (Ord.) 8.

381

013

681

Kennecott Copper

|Cald., Hacg. (Fret.) B.

CHICAGO WHEAT

Libbey-Owens-Ford

Glass

$1.70 Canton Icesn

$1.60

293

| Lockheed Aircraft

481

Loew's Inc.

Ameri & Foreign $7 pf....

301

Martín. Glen L.

Amer. Locomotive .......

251

1011

$16.70 Comenta

Hopea

Miscellaneous

1241 Dairy Farms

$18)

344

ties.

8234

| McKesson & Robbins, $3 pt.

Amer. Metals Co.

36.

481

#13

Monsanto Chemical

Ch. E'tainments Constructions

The market was quiet and lower on liquidation and weak securi-

Jan. 21 Jan 22 Change 149.11 148.78

Dow Jones Industrial "averagës

off. 2.35

(old) $1

Amer. Radiator

151

Constructions (DBW)

Amer. Rolling Mill

191

Montgomery Ward

at. Dairy Products

Amer, S'ting arid Ring Co.

141

Nat. Distillers

211

231

.1541

National Gypsum

National Load

132

Nat. Power & Light

Lane Crawforda ......

$8.15 Watsons

89* Ch. G.5% 1925G $Bdı.

6%, pa H.K. Govt. 4% Loans

Nanyang Tobacco

tra

$8.05

191

Nat. Supply Corpn.

161

New York Central

371

231

33*

N. American Aviation

121

North American Co. .........

201

*181

Northern Pacific

421

Pacific Gas & Elec.

171

18.60

Pacific Lighting

ΤΟ

|Packard Motors

Paramount Pictures

401

1/2 29/32 April/May, buyers

Pennsylvania R.R.

at Biggs M'facturing.

391

Phelps-Dodge

1/2 31/32 Cash/March

111

331

15/16 April/May.

B'klyn-M'hattan $6 cum pt.

381

Phillips Petroleum

321

Public Service of NJ,

U.S. Dollars

Canadian Pacific R'way, ...

Pure Oll

at 29 1/18

January

March.

The market closed with sellers Case. JI. *.....

29 Celanese ... and buyera at 29 Chesapeake & Ohio

February/March,

1/8 Cash and 29 1/16 Arst half of Chrysler Corpn.

176 3/4

Shanghai Dollars

Shanghai Exchange

30.

Radio Corpn. of Am.

211

221

影。

341

Republic, Steel

421-

751

Reynold Tobac.-"B"

·161

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

$6.00 Vibro

Piling

16/e Marsmans Inv. (Lon}

2/9 Marezimas Inv. (H.K.)

90 ata, Wm. Powall

China Lights (Ex.Rt)|

$1.10 Evo Rights ........

[*Salse be" Bhanghal

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

The following quotations are the middle prices at the close of

H.E. Govt. 3 Loan

$94

H.K. Wing On

$37

$40

S'hai Wing On

$6.50

90 cta

N. Y. Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Friix and 8. E. Levy & Company)

Prey, To-day's

High Low

New York Cotton

Mar.

New York Rubber

Mar.

15.98

15.92

Chicago Wheat

MAJ

60% 69

Close Close Change. 8:51 ¡ 8.48 8.50 · 8.49 .01 off

10.08 15.95 13 off

601

697

t of

Chicago Corn

May

521 512

524 811

Winnipeg Wheat

May

$24 62+ 624

i off unch,

London, January 20.

NEW YORK COTTON

Opening Closing"

Change

Schenley Distillers

Columbia Gas & El.

Schenley, 54% bfd.

Columbia 8% "A" pf.

711

Sears Roebuck

Commercial

Shell Union Oil

Commonwealth & 6. (ord.)

Eocony-Vacuum Oli

C'wealth & 6. 8% cum pí.

511

Southern Pacific

Consolidated Edison

311

281

Southern Rly $5 pfd.

Official T.T. Rates

Consolidated Oil

81.

Standard Brands

Shanghai, Jan. 23.

Continental Can

401

¡Stand Gas & Elec.

War Loan, 31% (Red.

after 1952) Canton-Klcon Fly. 5% 17 Chinese 41% Gold Loan,

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

1925-47

Union Insurance .......

£ 301*

March" (1939) May

8.50/51

8.51/51

.8.49/50

.01 off

8.20/20

8.22/22

03 up

974

Gula Kalumpong Rubber- 20 Allied Ironfounders

17/8 Asso.. & Elec. Industries 38 Austin Motors, ord. '... 24/6 Cable & Wireless, New

Form, ord.

July

7.96/96

7.84/04

7.92/92

.04. off

October

(.... >

7.45/48

$47/47

7.45/46.

unch.

December (, )

7.43/43

7.43b/413

7.41/41

02 off

Spot......

9.10 N

¥ 8.09 N

.01. om

33-3/4

Opening

London

New York

Japan

Parls

Hongkong

0/8

Continental Oll

Corn Products

281

NEW YORK RUBBER

Standard Oil of N.J,

Chin, 41% Anglo-French

.63

401

Stone & Webster

Loan, 1908

15-5/8

Curtiss Wright (C.)

. 151

Swift International

Chinese 5% Crisp Loan,

56-7.8 5.48

Curtiss Wright "A"

278

Technicolor

1912

Distillers Corpn. Seagrams

201

Texas Corpn.

Chinese 5% Rearg, Loan,

53-3/8

Douglas Aircraft

67:

451

Texen Gulf Bulphur.

1913 (Ldn. I.)

Open Market-Selling Rates

Du Pont de Nemours

149

310.

Chinese 5% Star. Notes,

Trans-America Co.

Sterling

Eagle Picher Lead

121

20th Cent. Fox.

1925 (Vickers)

Opening

Closing

Elec. Bond & Share

11.

20th Cent. Fox, $14 pf.

Chin, Imperial Rly. 5%

Spot January

February March

дром

January

0/8-11/32 0/8-27/64 Clec. Bond & Share $5 pf. 0/8-11/32 0/8-27/64 Elec. Bond & Share $8 pf. 0/8-21/64 0/8-13/32 lec. Power & Light 7 pf."

Union Carbide & Carbon

Loan

66k

871

Honan. Riy. 5%

Union Pacifc

381

United Aircraft

0/8-9/32 0/8-3/8

| Flintkole

United Airlines Trans. ...

U.S. Dollars

Gen. American Trans,

111

Kutuang Aly, 5%. 1911... 20

Hukuang Rly. 5%, 1911

(German Issue) ......

2 8 3. 238 2

B.-A. Tob. (bearer) Cammell Laird, ord.

94/41

6/101

March (1939)

Mexican Bagle

4/3

May

| Courtaulds

24/73

September

Distillers

December

15.08/08

15.97/97 15.95/95 15.95/95

16.30b/05a 15.95/95 15.86b/90a 15.83b/84a

13 01.

15.81/82 16.82/82

14 ou .14 off

13 of

Dunlop Rubber

Gen. Electric (England)

Sales for the day:-

620 tons

74/6..

Guinness (A) Bon & Co.

101

Hawker Siddeley Airc....

22/9

Bristol Aeroplane ....

Imperial Chemical Ind.

29/10

May

CHICAGO WHEAT

691/691

001/981 601/601

$18-1/4

$16-13/32 Gen. Electric.

United. Corpn.

Imperial Tobacco Marks & Sp'cer "A" ord. 54/7 Rolls Royce

129/41

July

September

601/691 691/691 601/691 701/701

701/101

111/8

Friday's Sales:---

5,554,000 bushels

401

18-1/4

18-13/32 Gen. Motor ..

United Corpn. $3 cum pl.

February

March

18-3/18

16-11/32 Gen. Railway Signal

United Gas "Corpn.

Lung Thing & U. Hal Rly,

Leyland Motors

78/9

124

Tate & Lyle

58/0

231

United Gas Improvement

S'hal-N'king Rly 5%

Turner & Newall

74/2

18-3/32

18-1/4

Glidden Co........

201

12{*

US. Rubber .....

Merchant Rates

Silver Duty Rate

Market. Quiet but steady.

Sterling, 0/8-3/8.

US Dollars, $10-5/16.

The Central Bank of China's Greyhound Corpo rate on London at 10 a.mi. to-day Hecker Products

1/2-1/24.. unchanged from Homestake Mining yesterday..

int. Nickel

Was

The Equalisation rate Was B

per cent.-Reuter,

Goodrich (B.F.)

U.S. Rubber $8 pid.

Tientsin-Pukow My. '5%

(Brit. Stpd.)

United Steel ........

22/1

May

Smethwick Drop Forg....

16/9

July

Goodrich $5 pl.

100

Tentain-Pukow Bly. 5%

Armstrong Stevens," ord.

U.S. Steel

伯

Goodyear Tire & Co. ........................... Great Northern Iron Ore ... Great "Northern Rly, pfd. Great Western Bugar

334

621

September

CINCAGO CORN

521/521 52/52 531/531 531/53

523/53 53/53

514/512 521/52

521/524

888

141.

Vanadium

287

Warner Bros. Piet,

251

Westinghouse Elec.

1001

(German Btpd.) Tientsin-Pukow Rly. 5%

(artt. Sipd, Supl Loan) 15 Tientsin-Pukow Bly, 5%

Pressed Bteel, com.

Vickers, ord,

21/6

Woolworths

60/11

Anglo-Dutch

23/3

Woodward Iron Cor.

101

Chase National Bank National City Bank

521

(Ger. Stpd. Bupl Loan) 15 Jap. 5% Bter. Loan, 1907 Jap. 6% Ster. Loan, 1924 47 Ger. 7% Intl. Loan, 1924 34 Chartered Bank

Rub. Plant. Invest. Trust 28/3 Burma Corporation Commonwealth Mining.. 1/4) (Maraman' Investments.......

May

July

8/6

October

WINNIPEG, WHEAT

621/621 621/631 421/621 021/63 03/027 83/63 031/631

unch.

831/631

unch.

15/0

Randfontein Estates

36/3

́NEW YORK HIDES:" (New Contracts)

*--bid.

HK & Bhal Bank (Ldn.

Western Holdings

8/9

DOW JONES AVERAGE

ROMBAY SILVER

Ready

Bombay, Jan. 23. Unofficial Quotations

Feb. 14 Bettlement Mar. 17 Bettlement Market. Quiet.

1938 & 1839

High

TERAI 98,91, 20 · Industrials

52-04

8433 19,000 Raile

52-03

25.19 15.14-10 Telliten

52-00

92,70-83.39 40 mil

58,00 44.09 11 Commodity Index 45.20-..

-Reuter.

Low Dow Jones Averages, Jar 20. High Low Close Chanan 149,31 149AD 148.83 146.78 9.35 Off

21.79

.69' ou 21.89 20.96 31.10 26.99:24.09 23.74 28.97 · 71 off 90.95

19.76.19 of 47.90

30 off Business Done: 800,900 shares

Jan. 29, 183,

Reg.) ཐཱརྒནཝཱ ཀ ཝཿཝཱཝཾ HK & Bhai Bank (Cul

Reg.)

Bub-Nigel

220/7

March

Tananii Gold Mining...... 6d. Anglo-Iranian

June

11.09b/94a 11.81b/89a 11.65b/56a 12,27/27 12.15/12 11.89/90

Chinese Eng. & Mining

(bearer)

Burmah

80/41 80

16/9

Chosen Corporatior

Shell Trans. &Trad.

(bearer)

79/41

Pekin Byndicate

March

*Nominal

S'hai Elec. Constr. Co... Bhai Waterworks "A".

25.

---Reuter

19**

NEW YORK-STRAITS TIN

48.35b/60m 48.355/65 416.30b/80a 42-3/4 NY Silver, Official NY-London" Cross Rate 468-1/8

1939-01-24 — Page 12

Comments

Private Research Note