1939-01-30 — Page 12

STOCKS

Adams Express

were Alleghany Steel Cu............

small sellers at 1/2 31/32 January. Allis Chalmers

1/2 15/16 February/March and Amerada Corpa........................ 1/2 29/32 April/May, buyers at Amer. Can

1/3 Cash. 1/2 31/32 February Amer. & Foreign Power Apell and 1/2 15/16 May June.

U.S. Dollam

Market Report

From Ross Bros...

re-

Forward. 19-7/80.

NEW YORK SILVER

New York, Jan 28 (Reuter). Ocial Price, unquoted.

BOMBAY SILVER Bombay, Jan. 28 (Reuter). Murket-quietly steady

Offtake 30 bars,

LAND TAX EXEMPTED IN INVADED AREAS LINHSIEN, KWANGTUNO, Jan. 28 (Central)—The Kwangtung Pro- 52-08 52-08 vincial Governmens has decided to 52-04 temporarily exempt land tax in 52-02 districts in Kwangtung which have

Indian Mint Silver

LONDON GOLD

Ready Silver prices dropped on Satur- Feb. 14 Settlement 52-07 day to the extent of 3/16 for Ready Mar. 17 Settlement ... 52-05 and 3/8 for Forward, the quota- tions being 19.15/16 and 19.7/18

advices respectively. Silver ported speculators as having sold The market to a small, extent. closed firm with Indian buyers at 1/18 over the quoted rafe but

disinclined sellers were

bid. American Silver WIS quoted at 42 3/4 for Spot,

to

The London/New York cross- rate was quoted at 487.50. New York London

1/2

was quoted at 467

Market

Nothing doing. There

Sterling

་་

Steady but quiet.

London, Jan. 28 (Renter).

Bar Gold, Fine per oz., 148/8). Dollar Parity, d. premium.

been invaded by the Japanese.. These Include Namhol, Fanyu, Tungkun. Shuntak, Tsengshing, Fa On, Fahsten, Tsungfa, Samshui, Welchow and Poklo. · Evén ar- rears will not be collected for the time being.

NEW YORK STOCK EXCHANGE

(Through Renter's Service) QUOTATIONS

JANUARY 29. 1939 STOCKS

173.nom

PAGE 12—HONGKONG DAILY PRESS

MONEY AND EXCHANGE

CLOSING QUOTATIONS | Calcutta Exchange

JANUARY 28 1935.

On London:!—

Telegraphic Transfer. 1/9 78 Bank Bills, on demand?/1 7/8 Credits 4 months' sight 1/3 1/8.

On Shanghai:-

On demand

Calcutta, Jan. 28 (Reuter). T.T. on Japan, 78-5/8.

India Rupce Paper

LONDON METALS

EXCHANGE

Standard, Cash 41-7/8-41-15/18 Standard.

STOCK EXCHANGE

SHAREBROKERS" ASSOCIATION

London, Jan. 27 (Reuter),

COPPER

buyers sellers

£

Sayerd Boilers Sales Noming SATURDAY 28

Bayere

badure

Sales

omine

JAN.

$1365

$1370

H.K. Banks

Bombay, Jan. 28 (Reuter). Govt. 3 Rupee. 96-14-0.

On Singapore :-

On demand

018

On Japan-

On demand

18 1/4

On India:-

On Paris:

Telegraphic Transfer. Leg

and demand

On New York:-

Bank Bills, on demand 28 14/15 Credits, 60 days' sight 29 7/13

On Batavia-

On demand

............ 53 0/3

Bank Bills, on demand 1095 Credits 4 months' sight [135

New York Exchange

New York, Jun, 28 (Reuter). TT on London Opening Rate). 4.67-5,8.

SILVER MARKETS

LONDON SILVER London, Jan. 28 (Reuter).

and speculators Slive-India were small buyers. Offerings small. Market steady.

43-3/16 3 months 42-1/8 Electrolytic ... 47-1/4 43-1/4

TIN Standurd, Cash 211-3/4 Standard 1:

£13

212

3 months 211-1/2

LEAD

212

$290

B'oreign

Offcial Price 14-1/8 Foreign. Omcial

3465 0164

$170

Banks

Do. Col Bag.) Do. (Lon, Beg.) ...

£8 Chartered Banka 2971 Marcantile Bka. "A"

|Marcantila Akı, "0",

Bank of East Asia N. C. & & Banks

Insurances

Canton Insurances ... Union InsuraDOM ...

145 abs) Underwriters

#1365

£18

自己

13

BR10

H.X. Fires

$455

#455

+++

70 ots.

3180

14-1/4

Shipping

tea

Dougies

3 months 11-3/8

SPELTER

14-7/18

$13 160

Steamboats

$144

::

Ludo-Chinse

(Prot.)

Indo-Chinas (Def.)...

121

Ordinary.

.76/3

Shells

134

76/3

Official Price 13-9/18 Ordinary. Oncia!

13-11/16

Waterbosta

Docks, Wharves,

B0

SPOT

APRIL-JUNE

3 months 13-11/16 13-13/16

Godowns, etc.

JULY-SEPT.

#116. H.K. & K. Wharres

3118

Un Salzon:-

On demand

On Marilla:-

Final Afternoon Transactions

331

$560

On demand

On "demand

On Bangkok-

109 1/4

Spot, 20-3/116d.

."

58 1/8

Sterling Notes:---

Bank Buying Rate

Bar Bliver per oz.

149 3/8

....1/16

19 18/18

Providenta (old)

351

Tin. Standard, Cash, £213 paid and value.

Providents (W) ....

$17

#17 #17

HI. & W. Docks...

25.05 #171

$181

Do. (Dew)

817

Tin, Standard. 3 months. £212- |3/4 paid and buyers.

29.35 Baba

$100 Shanghai Docks 6.

25.0 Naw Engineerings 8.

Mining

15/6 Katis ...

Venezuela Gold Fida

73 ola. Hong Kong Mine ...

8101

83)

15/0

#!

$8.90

$.

FINANCE

HONGKONG SHARE QUOTATIONS

MONDAY, JANUARY ` 30, 1939.

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

New York, January 28.

SINGAPORE RUBEER

January 27 buyers sellers 25-1/8 25-3/8 25-5/8 25-7/8 25-7/8 28-1/8

January 28 buyers sellera 28-1/8 26-3/8 26-3/8 26-5/8

change

up i ct,

26-5/8 28-7/8

up 3/4 up 3/4

$9.20

244

13

$3

++

Chins Lights Hts.

Lands, Hotels and

Buildings

16.60

H.K. Hotsis

$3.00

136 H.K. Lands ........A. | $36)

$107 Do. 4% Debentures

$100)

#9.30 Shanghai Lande 8.

#00

$5.65

H.K. Realties

$360

Humphrayı ............

181

180 "Chinese Estates

Cotton Muis

$15.80 Bwos (8.)

[$25.80

Ewo Rights

SPOT

#101 8'hai Cotions (8.)

124

Zoong Sings (8.)

$.4

$40

Wing On Tertiülem (8.)

$42

APRIL-JUNE JULY-SEPT. ........

OCT.-DEC.

7-13/16 7-7/8" 7-7/8.

The market opened 3/4 of a cent higher for all deliveries as com- pared with Friday's closing quotation's

Early in the morning the market displayed a Armer undertone due to better advices received, from Londan and New York. Demand for "actuals" was fair, whilst there were also good enquiries by deal-.. ers and speculators in evidence.

Later in the session, the higher price-level attracted some selling which was chiefly attributed to profit-taking. Prices registered a slight decline of 1/8 cent for all deliveries, the market closing with a steady undertone.

It would appear that the market is still highly sensitive to out- side influences such as the trend of the Stock-markets in London and New York, developments in the European political situation etc. It is believed that in view of the healthy statistical position higher markets may be expected on a return of confidence and generally better sentiment.

LONDON RUBBER"

Previous close

buyers "sellers 7-11/16 7-3/4 7-3/4

To-day's close buyers sellers change 7-11/16 7-3/4

7-13/18 7-3/4

7-13/18

7-13/18 7-7/8

unch.

7-15/16 7-3/8

Public Utilities

$17.20 $17

Tramways

$17.30

Market quiet.

Peak Trams (old}

118

Peak Trams (new)...

14

#73) Star Parrios

#72.

1x

322

'mati Farvion (0) Do. (now)

$224

C.R China Lights (0)

18.30 China Lights (Ex Rt);

$8.90

*7-15/10

317

B.K. Electric

$171

Macao Electrica

Last Sale

Jan. 28

Last Sale Jan, 28

$10

Sandakan Lights

Telephones (oil)

#33.25 | #23.

81

08

Telephones (Dew}··

Int. Tel. & Tel.

20

901

23/0 Tractions

Johns Manville

24/0

40+

351

Tractions (pral.]

Kennecott Copper

Industrials

021

43.

| Libbey-Owens-Ford

Glass

$14

Cald., Macg. (Ord.) 8.

93

281

Lockheed Aircraft

$15

Cald., Macg, (Pref.) 8.

21

461

$1.70

Loew's Inc.

Canton Ic

$150

16.*

301

$15.60

#1590/'80

Cementa

$16

Ameri & Foreign #7 pf.....

Martin, Glen L.

Amer. Locomotive

221

102

$980

Ropes

$3.00

McKesson & Robbins. $3 pf.

Miscellaneous

33

471

Amer. Metals Co.

Monsanto Chemical

342

322

A small business was

done at Amer. Radiator

15

121

Dairy Farma

#22

Montgomery Ward

87

Ch. E'tainments

87

29 1/8 for February delivery, The Amer. Rolling Mill market closed with sellers

1/8 for January/February, 29 1/18 Amer. Bugar Ring March and 29 April, buyers at 29 Amer. Tel & Tel. 3/16 Cash/February, 29 1/8 March | Amer. Tobacco "B" and 29 1/16 April.

17

251

$12

at. Dalry Products

Constructions (old) #11

421

121

Constructions

at

29 Amer. S'ting and R'ing Co.

Nat. Distillers

(DW).

191*

221

33

Lace Crawfords

18

National Gypsum

1501

71

National Load

841

12

Nat. Power & Light

$7.7.

PH

Amer. Waterworks

12

161

Nat. Supply Corpn.

Anaconda Copper

271

18

New York Central.....

Shanghai Dollars

179.

Atchison, T. & 8. Fe.

34

231

paz

N. American Aviation

Auburn Motors ...

31

101

$36

North American Co.

Baltimore & Ohio

29

Shanghal Market

8.11/31 sellers of Sterling and Barnsdall Ol) ..... U.S. Dollars 16.1/4 sellers. Steady, | Bethlehem Steel

Shanghai Exchange

Official T.T. Rates

Shanghai, Jan. 28 (Reuter).

Barber Asphalt Co

101

Northern. Pacific

411

Pacine Gas & Elec.

12/6

15.

41

*82

Pacific Lighting

st

101

180 sta.

Packard Motors

Boeing Airplane Co. Borg-Warrier

261

191

251

Paramount Pictures

372

Pennsylvania RR.

|Biggs_M'facturing

221

381

| Brooklyn-M'hattan

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

Trans.

101

Phelps-Dodge

321

88

Nanyang Tobacco

Sinceros

W

Ch. 0.5% 19250 $Bds.

6 pa B.E. Govt. $% Loans

H.K. Gort 3% Loa

H.K. Wing On ..... S'hal Wing O.......

26.60 Vibro Piling

Marsmans Iny, (Lon.) Maramans Inv. (H.K.) Wm. Powalls

(*Bales to Shanghai

LONDON STOCK EXCHANGE

Jal

$1.80

The average forecast of last week's stock of rubber in London and in Liverpool shows a decrease of 300 tons,

NEW YORK COTTON

The market opened steady and further-Improved on Trade and Liverpool demand, but price movements were confined within nar- row limits.". Nearby months were steady on price-fixing, whilst dia- tant positions gained strength on the likelihood of a long wait for farm legislation. It is reported that some traders are switching their March and May commitments to new-crop months and also that $7.80 there are large uncovered new-crop shorts.

NEW YORK RUBBER

After early steadiness, the market turned mixed. Dealers' trad- ing softened somewhat, lightening their commitments pending week- end developments. At the close, the undertone was somewhat un- certain.

IF

CHICAGO WHEAT

A very quiet market. Traders ware waiting for developments re- garding the European situation. Early in the day, there was some professional selling: This, coupled with prospects of moisture over a wide area in the South-West and the absence of foreign demand. further depressed prices. There are repurts of scattered rains in Texas.

$780

63%

$106 Dow Jones Industrial Averagce $100

#H

$6,80

Јап. 20 139.90

Jan. 29 138.79

Change

off .11

N. Y. Commodity Market

190 c

38

Phillips Petroleum

334

Public Service of N.J.

Canadian Pacific R'way.

41

9

(REUTER'S SERVICE)

Case,..J.I.

82

Pure Old

611

L

Opening

Celanese

181-

Radio Corpn. of Am.

London. January 27."

High

181

London

New York

Japan

Paris

Hongkong

0/8

Chesapeake & Ohio

331

Flepublic Steel"

401

15-5/8,

|Chrysler Corpn.

631

|Reynold Tobac. “B”

131

50-7.8 5.48

Columbia Gas & El

71

Schenley Distillers

Schenley, 54% pra.

Columbia 6% "A" pi.

781

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

Mar.

8.42

New York Rubber

Mar.

67

53-3/8

Commercial

471

¡Sears Roebuck

121

Shell Union 011

Spot January February March

Open Market-Selling Rates

Sterling

Opening Closing Consolidated Oil

̈0/8-11/32 0/8-11/32

Continental Can Continental Olf.....

0/8-11/32 0/8-11732 Com Products

Commonwealth & 8. (ord.)

12

121

Socony-Vacuum' Oll

C'wealth & S. 6% cum pf.

501

15+

Southern Pacific

Consolidated Edison

301

241

Southern Rly $5 ptd.

81

1421

Standard Brands

391

84

Stand Gas & Elec.

War Loan, 31% (Red) -

after 1952)

96-9/10 Canton-K'loon Rly. 5% 18 Chinese 41% Gold Loan.

1898 (Brit. Issue)....... 70 Chinese 5% Gold Bonds,

1925-47

Union Insurance

301* Gula Kalumpong Rubber 17/6 Allied Ironfounders ...... 16 Asso. & Elec. Industries 35/1 Austin Motors, ord.

Chicago Wheat Chicago Corn Winnipeg Wheat

May

May

May

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

Prey, To-day's Low Close Close Chang?

8.40 8.38 8.38

.02 up 15.45b 15,40b .05 of

unch.

off

up

15.50 15.42

B01 691 691 692 511 51 511 511 537 63+ 63 631

NEW YORK COTTON

23/9.

261

31

Standard Of of NJ.

631

491

Spot...

1.S. DollarS

$16-1/4 $18-1/4 Douglas Aircraft

0/8-21/64 0/8-21/64 Curtiss Wright (C) 0/8-19/64 0/8-19/04 Curtiss Wright "A"

Distillers Corpn. Seagrams

Stone & Webster

Chin, 44% Anglo-French

Loan, 1908

8.8

Cable & Wireless, New

Form, ord. on

,"

March

352

May

(1939)

} {

Close 8.38/38 8.40/40

Opening Closing

Change

8.40/40

.02 up

8.10/10

8.10/10

8.10/10

unch.

B.-A-Tob, (beazer)

88/11

July

"

( )

7.80/80

7.80/81

7.81/82

01 up

50

Cammell Laird, ord.

October ( >

7.39/40

# 7.41/42

7,42/42

.03 up

Bi

131

6/71.

Swift International

24

Chinese 6% Crisp Loan,

Mexican Eagle...

4/44

December (,,)

1.37/37

7.40/41

7.40/40

03 up

Technicolor

1912

34

Courtaulds

187

194

23/71

January {..}

1.38 N

7.37b/39a

7.41/41

.03 up

66

Texas Corpn. ...........

Chinese 5% Reorg. Loan.

43

Distillers.....................

88/9

Spot

8.98 N

9.00 N

.02 up

Texes Gulf Sulphur

1913 (Lda. Is.)

481

January

16-1/4 16-1/4

Du Pont de Nemours

143

293

Trans-America Co.

Chinese 5% Ster. Notes,

Eagle Picher Lead

Elec. Bond & Share

16-1/3

Elec, Bond & Share $5 pf.

Elec. Bond & Share $8 pt.

Elec. Power & Light $7 pí. Flintkote

Gen. American Trans. ......

Gen. Electric

Gen. Railway Signal

Great Western Sugar

Greyhound Corpa

Hecker Products

Homestake Mining

London, Jan. 28,

Int. Nickel

February March

A 16-3/16 16-3/16

18-1/8

Market-Very quiet.

Merchant Rates Sterling. 0/8-5/18.. UB. Dollars, $16-3/10.-

Silver Duty Bate

The Central Bank of China's

rate on London at 10 a.m. to-day was 1/2-1/2d.. unchanged from

yesterday.

Gen. Motors

Glidden Co. V.

Goodrich (B.F,)-

Goodrich $5 pt. Goodyear Tire & Co.

The Equalisation rate was 4-1/2 Great Northern Iron Ore

"per cent.

London Exchange

Faris, 178-83/64.

New York, 4.67). Montreal, 471. Brussels, 27,651. Geneva, 20,72.

Amsterdam, 8.72.

Milan, 88%.

Berlin, 11.65.

Buenos Aires, 20.35.

1938 & 1939

DOW JONES AVERAGE

High Low Dow Jones Averages, Jan. 27. - Bigh Low Close Change

101

61

102

20th Cent. FOX, ...................

1925 (Vickers)

12}

214

532

20th Cent. Fox. $14 pf.

Chin. Imperial Rly. 5%

311

Union Carbide & Carbon ...

Loan

70

62

84

354

Union Pacific

901

Honan Rly. 5%

23

Dunlop Rubber ......... Gen. Electric (England) 71/4 Guinness (A) Son & Co. 100 Hawker Siddeley Airo.... 20/6 Bristol Aeroplane..........

21/9 Imperial Chemical Ind. 28/11

22/3

NEW YORK RUBBER

United Aircraft

Hukuang Rly. 5%. 1911... 22

251

371

United Airlines "Trans,

Hukuang Rly. 5%, 1911

521

BI

38

United Corpn.

(German Issue)

20

31

441

United Corpn. $3 cum pt.

32

21

United Gas Corpn.

Lung Taing & V. Hai Rly.-

5%

23

20

United Gas Improvement

12

184

UB. Rubber

411

571*

jus. Rubber $8 pfd.........

93

301

US. Steel aeraes

$41

བྷུནྟེ ཋ ཐཱ

| Imperial Tobacco

128/10) Marks & Spicer "A" ord. 51/8 Rolls Royce

March May September December

Sales for the day:

(1930)

15.46b/50a15,48b/55a

15.36/38

15.37/39

15.40b/422. 15.40/35 15.26/20 15.38b/41a 15.29/30

,05 DI

10 off

.03 off

15.44/44

15.31/35

13 off

1,340 tons

106/3"

CHICAGO WHEAT

Leyland Motora

72/6

121

Tate & Lyle

Máy

691/090

693/091

697/697

tinch.

57/7Ł,

133

Vanadium....

234

Great Northern Rly, pfd. 223.

Warner Bros. Pict.

51

241

Westinghouse Elec,

1014

100

Woodward Iron Cor.

20

101

64

Chase National Bank National City Bank..

481

*bid.

1-ex. div.

8/3

Commonwealth Mining.. 1/4

B

HK. & Shai Bank (Lán!

Reg.)

82'

Maraman Investments... 11/10 Randfontein Estates.... 34/4). Western Holdings.

May July October

7/6

"Jazz. 29, 1939,

KK. & 8'hal Bank (Col.

Reg.)

Sub-Nigel

219/41

84

Tanami Gold Mining... Anglo-Iranian

41d.

15841 98.90 30 Industrials

128.90

84.3319.00 90 Raile

28.58

25.19 15.14. 90 Utilitiën

£3.00

92,70 83.39 40 Bonda

89.89

139.90 188.33 128.79 .11 of 28.90 29.44 88,40 ,07'off 23.28 11.58 12.09. 04 off 89.35 .04 off

Chinese Eng, & Mining

(bearer)

84/41

March June

Burmah

76,101

15/0

Shell Trans, & Trad.

Other rates were unchanged.---

52.00 45.03 11. Commodity Index · 47.11

47.03 0% off

British Wireless.

Business Dono:-580,000 ahxrea

Chosen Corporation Fekin Byndicate

S'hai Wies. Constr. Co.

S'hal Waterworks. "A".

7

(bearer)

76/3

24

Nominal.

March

25

191*

S'hal-N'king Rly. 5%..... 22.

Tientsin-Pukow Rly. 5%

(Brit. Stpd)

Tentain-Pukow Rly, 5%

(German Atpd.) '........ 18 Tientsin-Pukow Rly. 5%

(Brit, atpd. Supl: Loan) 16 :- Tientsin-Pukow Rly. 5%

(Ger. Stpd. Bupl. Loan) 16 Jap. 5% Ster. Loan, 1907 39) Jap. 6% Bter. Loan, 1924 45 Ger. 7% Inti. Loan, 1924 31 Chartered Bank

Rub. Plant. Invest. Trust 23/8 Burma Corporation

Turner & Newall

July

692/692

001/601

691/001/

DI

70/6

United Steel

September

701/701

701/701

21

Smethwick Drop Fore... 15/8 Armstrong Stevens, ord. Pressed Steel, com. 13/73 Vickers,. ord.

Friday's Sales:

5,5533,000" Bushels

8

CHICAGO CORN

Woolworths

56

Anglo-Dutch

20/41..

20/6

Мау July September

513/511

61+/511

511/511

521/521

527/521

624/521

of

527/521

521/524

624/521

WINNIPEG WHEAT

041/64

838/631 634/837 837/037.

642/642

64/641 641/04

·631/631

NEW YORK HIDES: (New Contracts)

11.11b/13 11.11b/18·11.05/06 11.47/49 11.50/55 11.45/47

NEW YORK-STRAITS TIN

45.80. N: NY Sover, 'Ometal ...... 42-3/4 NY-London Cross Rate 4.67-1/2

45,25b/90 4580. N

uriqnoted

467-7/89