1
Telephones (Old), $23). Telephones (New), $8.
cross-
Market
STOCKS
Alleghany Steel Co. ..... Allis Chalmers ........
Amerada Corps.
Amer. Can...
Amer. & Foreign Power"
Shanghai Dollars
Amer. Rolling Mill
Arder, S'ting and Ring Co.
Amer, Bugar Fring
Amer. Tel. & Tel.
Atchison, T. & S. Fe.
Auburn Motors
Baltimore & Ohio
Market
Barber Asphalt Cc
Barnsdall 011
Bethlehem Steel ......
Sterling
Boeing Airplane Co.
Canadian Paciic R'way. ....
US Dollars
¡Case, J.I. Celanese
Chrysler Corpn..
and
C'wealth & 8. 8% cum pí.
Market Report
From Rozz Bros.
Feb. 14 Settlement March 17 Settlement
Silver prices were higher over the week end to the extent of 1,4 Ready' for Ready and 7/16 for Forward. the quotations being 20 3/18 and 19 7/8 respectively. Silver advices reported India and Speculators as having bought to a small extent. The market was steady. American Silver was quoted at 42, 3/4 for Spot
The London; New York rate was quoted at 467.82. New York/London was quoted at 487. 7/9.
Slightly easier.
Sterling
There was sellers at 1.2 15/16 Jituary first half of April and 1/2 29/32 April/May, buyers at 1/2 31/32 Cash April and 12 15/18 May/June.
CS. Dollars
Business was done it 29 3/16
NEW YORK STOCK EXCHANGE
Adams Express
(Through Beuters Service)
for cash. The market closed at Ameri & Foreign $7 pr... pan, with sellers at 29 1/8 Febru-Amer. Locomotive ary, 29 116 March and 29 April. Amer. Metals Co. buyers at 116 higher respectively Amer. Radiator.....
178 5/8 for pot.
Shanghai Market
Business was reported at 8.23 64 Amer. Tobacco "B".
for pot. There were sellers at Amer. Waterworks ..... 8.23/64 for Sport. US. Dollars, Anaconda Copper
sellers at 16.9/32 for Spot.
AFTERNOON MARKET
Inclined to eastriess.
The market closed with sellers Borg-Warner
QUOTATIONS
at 1/2 15/16 January/March and Biggs M'facturing 1/2 29/32 April. probably May. Brooklyn-M'hattan Trans. buyers at 1/2 31/32 Cash/Marchaklyn-hattan $6 cum pí. and 1/2 15/16 April/May.
A small business was done at Chesapeake & Ohio
20 1/8 for February delivery. The
market closed with small sellers Columbla Gas & El.
at 29 1/8 Cash, 29 1/16 February. Columbia
29 March and 28 15/16 April, Commercial..
buyers at 29 3/18 Cash. 29 1/8 Commonwealth & 8. (ord.) February, 29 1/16 March
BOMBAY SILVER
'Unofficial Quotations
Bombay, Jan. 30.
52-08
52-06
IX. L. Ps 12.
52-04
Sar Mauricio, Ps. 1.72.
Market-Qulet but steady.
-Reuter
Suyoc Cons., Ps. 211. United Paracales, Fs. .65.
PAGE 12-HONGKONG DAILY PRESS
MONEY AND EXCHANGE
CLOSING QUOTATIONS[Shanghai Exchange
JANUARY 10, 1939.
On London:---
Telegraphie Transfer. 1/2 7/8 Bank Bills. on demand1/2 7/8 Credits 4 months' sight 1/3 1/8
On Shanghai:-
On demand
London
New York
Official T.T. Rates Shanghai, Jan. 30 (Reuter)" Opening
08 15-6/8
Japan
Paris
173 nor
Hongkor.
56-7.8 5.48 53-3/8
On Singapore:--
On demand
53 1/8
On Japan:-
On demand
[C8 1/4
On India:
und demand.
On New York:-
Telegraphie Transfer. 193
Bank Bills, ondemand 28 15/16 Credits, 60 days' sight 29 7/15
Spot January February March
U.S. Dollars
On Batavia :—
On demand
53 3/4
On Paris:-
Bank Bills, on demand 1095 Credits 4 months' sight 1:35
Spot January February March
$16-9/32 $16-1/4 15-9/32 18-1/4 18-7/32 16-7/32 16-5/32 16-5/32
On Salgon: --
On demand
109 1/3
On Manila
On demand
.... 58 1/8
On Bangkok -
On demand
149 3/8
Sterling Notes:
י
Bank Buying Rate
Bar, Silver per oz.
1/3-1/16 20 3/16
H. K. STOCK EXCHANGE
Jan. 30.
Little interest was displayed in the market and in consequence the turnover was small,
BUYERS
Hongkong. $1355.
Unton Ins., $450.
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERY ASSOGATION
STOCK EXCHANGE
Nominal MONDAY 30.
Baller Bayer
Salamina
JAN.
Duty Bl
$1350
01365/70
Banks
H.K. Banks.
Do. (Col Reg.) Do.' (Los. Reg.)... Chartered Banks... 2371Marcantile Ska. "A" Mareantüe Bka. "C" |Bank of Bast Asia ...
N. C. & S. Banka
Insurances
213 188
Canton Insurances Union InsuFLACOS
45 cta. Underwriter
H.E. Fires
Shipping
Open Market-Selling Rates Sterling
Opening Closing 0/8-23/64 0/8-11/32 0/8-23/64 0/8-11/32 0/8-21/64 0/8-21/64 Q/8-19/64 0/8-19/64
"
Market-Quiet but steady:
Silver Duty Rate
The Central Bank of China's rate on Londen at 10.a.m. to-day 1/2-1/2d.. unchanged "from 15
Saturday,
The Equalisation rate was 6 per cent
HK. Fires, $170.. Pinvidents (Old), $5.60. Chinese Estates, 395. HK. Trams. $16.70. Electrics, $56.
Win On (H.K.), $36.
Entertainments, $7. Marsmans (H.K.) 2/6.-
SELLERS
Canton Ins., . $220.. Unier, Ins., $460.
H.K. Docks (New), $16.40. Realties, $5.70.
Cements, $151.
SALES
Hongkong Banks, $1365. HK. Land $36.
Star Ferries. $71/71).
China Lights (Rights),.$3.
Electrics, $561.
Cements. $16.70.
PILILIPPINE MINES
Antamoks, Ps. .431. Aloks, Ps. 331.
Baguio Cold, Ps. 28.
Benguet Consol, Ps. 13.20. Coco Groves, .451.
Cons. Mines. Ps. 0025.
Demonstrations, Ps. 214.
$5 60 Providenta (old)
Providents (now)
917) ELE. W. Docks...
$1385
.:
£x2
£8)
£877
£13
H
홍산
$290
$480 $450
$170
$455
$210
3:
$435
70 ct.
$180
$31
$89
Douginses
$15
Steamboats
160
Indo-Chinaa
#59
(Prof.)
534
Indo-China (Def.}...
#24
76/3
78/3
Sbell.
S"POT
Waterbosta
Docks...Wharves,
APRIL-JUNE
Godowns, etc.
#113
8118 H.K. & K. WharTOS
$5
$48
$150 Da. (new)
33.85 #171 $17 $101
100 Shanghai Docks 8.
14.50 New Engineeringa S
#3}
Mining
15/8
15/6 Kailane
38.90
1935 Ranba
$3
|Vanazuela. Gold Fide
cta. Hong Kong Mines ...
Lands, Hotels and Bulidings
4.80 H.K. Hotels
$8,85
30.K. Landa ....................B.
$50)
$1014 Do. 4% Debentures
Play
19.30 Shanghai Landa 15.60 H.K. Realtics
S.
$5.55
TUESDAY, JANUARY 31, 1939.
PAYNE & CO.
11
COMMODITY. BROKERS 'STOCK EXCHANGE BUILDING
HONG KONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
New York. January 28.
SINGAPORE BUBBER
January 28 January 27 buyers selery
change buyers sellers 25-1/8 25-3/8 26-1/8 26-3/8 up 1 ct. 25-5/8 25-7/8 26-3/8 26-5/8 up 3/4 25-7/8 28-1/8 26-5/8 28-7/8 up 3/4 The market opened 3/4 of a cent higher for all deliveries as com- pared with Friday's closing quotations.
JULY-SEPT.
Early in the morning the market displayed a Brmer undertone due to better advices received from London 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 sight 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 condence and generally better sentiment.
LONDON RUBBER
||
*:*
Humphreys
181
290
Chinese" "Estates
Cotton Mills
$15.80 Ewon (8.)
$10.80
Ewo Rights 9.K...
B FOT
101 S'hai Cotton (8.)
895
APRIL-JUNE
***
34
Zoong Sings (8.) **
JULY-SEPT.
$40
Wing On Textiles (8.)
$42
OCT.-DEC.
Public Utilities
$17 $18.80
$17
Market quiet.
Tranways.....
મ
Peak Trams (old)
15
$1 Peak Trams (now)... $72 Star Ferries
24
$72
$21Y'mati Farrios (0)
#224
Do (DOW)
89.0 Chins Lights (0)
$8:30
88.30 $3
18.30
I:
Last Sale
JANUARY 29, 1939
STOCKS
$561
Last Sale
$10
Jan. 28
Jan. 28
#134
$22
83
8
13
Int. Tel. & Tel.
201
90;
404
Johns Manville
351
Kennecott Copper
623
43"
Libbey-Owens-Ford
Glass
China Lights (Ex Re)) Chins Lights Rt.......
H.K. Electrica
$17Macao Electrics.......
Sandakan Lights ....
Telephones (now)
23/0 Tractions
240 Tractions (prof.)
214 Cald., Macg. (Ord.) S.
$3
$56
561
Telephones (old) ......
$23.75
$7.80
22/
Industrimis
93
281
Lockheed Aircraft
21
461
Loew's Inc...
$18 Cald., Macg. (Fref.) 8. $1.70 Canton Ices
$160
16 *
301
$15 80
Martin. Gien L.
224
102
McKessoir& Robbins, $3 pf.
334
431
Monsanto Chemical
323
15
12)
17
Montgomery Ward
87
251
$12
at. Dairy Products
421
121
Comenta
83 50 Ropes.......
•MiscellaneoUS
Dairy Farma
Ch. E'tainments
Constructions
Constructions
$16 SAI
893
37
(old) $1
(now)
Nat. Distillers
#9
Lane Crawforda
19*
221
National Gypsum
1502
7)
Nanyang Tobacco
National Load .......
312
Sinceres
843
121
Not. Power & Light
$7.55
Watsons
12
161
Nat. Bupply Corpn.
271
16
New York Central
34
23
N. American Aviation
31
100
838
North American Co.
51
291
Northern Pacific
161
411
Pacific Gas & Elec.
15}
41
2/6
62.
Pacific Lighting
10
Ch. G.5% 1925G $Bds.
68... Govt. 4% Loans
10%. PH. Gort. 34% Loan
par
H.K. Wing On
S'hal Wing On
$6.60 Vibro Piling 11/1
Marsmans Inv. (Lon.)
Harman Inv. (H.K.)?
90 ate. W. Powells
H
$31
$7,65
681%
$106
Dow Jones Industrial Averages
$100
37
151
85.60
7-15/18 7-7/8 7-15/16
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 dis- 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 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
CHICAGO WHEAT
A very quiet market. Traders were 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 reports of scattered rains in Texas. 31.81
Jan, 28 Jan. 29 Change
138.90
138.79
off 11
..
Previous close To-day's close Duyers sellers
buyers sellars 7-11/16 7-3/4 7-11/16 7-3/4 7-3/4
7-13/16 7-13/10, 7-3/4 7-13/18 7-7/8
change
unch.
1.
7-13/16 7-7/8
7-7/8
"
་་་
190 cm.
N. Y. Commodity Market
Packard' Moters
262.
191
*Halesto Shanghai |
251
Paramount Pictuzca
377"
Pennsylvania R.R.
221
384
101
Phelps-Dodge
LONDON
321
38
Phillips Petroleum
331
47
Public Service of NJ,
9
Pure Olt
82
18)
Radio Corpn. of Am.
184
Republic Steel
331
401
Reynold Tabac. "B"
681
131
Schenley Distillers
STOCK EXCHANGE
(REUTER'S SKRVICE)
London, January 27
The following quotations are the middle prices at the close cf the market in London. All quotations are subject to confirmation and to responsibility is assumed. for errats in transmission.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 3. E Levy & Company)
7.
High Low
New York Cotton - Mar.
New York Rubber
- Mar.
8.42 8.38 15.50 15.42
"Prev. To-day's
Close Close Change
8.38 8.49 .02 -up
15.45b 15.40b .05 of
71
Chicago Wheat
May
601
+69
"A" pt.
781
Schenley. 5% pid.
2
67
Chicago Corn
May
51 51
694 511
691
51
unch.
off
Sears Roebuck.....
471*
13)
War Loan, 31% (Red.
Shell Union Oll
after 1952)
90-9/13
13
121
501
Socony-Vacuum Ol
151
Canton-Kloon Rly. 5% 18
Upion "Insurance Gula Kalumpong Rubter 1778 Allied Ironfounders
301
Winnipeg Wheat
May
631
63+ 638
037 up
NEW YORK COTTON
16
probably 29 April.
Shanghai Dollars
Southern Pacific
Chinese 44% Gold Loan,
Consolidated Edison
307
Southern Rly $5 pfd.
1898 (Brit. Issue).......
Consolidated Oll
81
Standard Brands
Sellers at 179.
Shanghaj Market
Com Products
Sellers at 8.11/32, buyers prob- Curtiss Wright (C)
ably at 8.23/64 for Spot.
Continental Can
39
"Stand Gas & Elec..
Continental Oll
261
Standard Oil of NJ.
634
Stone & Webster .....
64.
Swift International
Curtiss Wright "A"
24
Technicolor
Distillers Corpn. Seagrams
182
Douglas Aircraft
661
Texas Corpn.. .....
Du Pont de Nemours
143
Texes Gulf Sulphur
Trans-America
Eagle Picher Lead
"101.
20th Cent. For.
Elec. Bond & Share
LOL
Elec. Bond & Share $5 pf.
532
20th Cent. Fox. $ij pí....
Union Carbide & Carbon
Elec. Bond & Share $6 pl.
62
Elec, Power & Light 37 pí.
354
Union Pacific
United Aircraft
Fintkote
251
United Airlines Trans.
Gen. American Trans.
521
Geri. Electric
381
United Corpn.
Gen. Motors
441
United Corpn. $3 cum. pf.
United Gas Corpn.
21
20
United Gas Improvement
US. Rubber
Goodrich (B.F.)
182
571*
US. Rubber $8 pfd.
UB. Steel
301
+
132
Vanadium
227
Warner Bros. Pict.
241
18
Hecker Products Homestake Mining
101
04
Westinghouse Elec.
Woodward Iron Cor.
Chase, National Bank ............. National City Bank
481
costs was off-set by the decline in
*-bid.
1-cz. div.
DOW JONES 'AVERAGE
1918 & 193
High
Low Dow Jones Averages, Jan. 27. 15847 88.96 30 Industrials
138.80 34,33 19.00 30 Raile 95.19 16.14 90 Utilites 92.70 83.39 40 Bonds
World Output Of Silver
During 1938
The world output of silver dur-Gen, Railway Signal ing 1938 was in excess of the 1937 Glidden Co. record of 275,000,000 ounces.
The principal increase was in Goodrich $5 pl. Mexico, where a tendency develop-Goodyear Tire & Co. ed to mine richer ores, said to be Great Northern Iron Ore motiated by apprehensions grow- Great Northern Rly, pfd. ing out of seizure of land and oil Great Western Sugar properties by the Mexican Govern- Greyhound Corpri. ment.
The rise in Mexican production Int. Nickel
the peso from 271 cents in February
to 20 cents at present.
During 1938 United States total purchases from Mexico, including gold and silver, held close to 1937 levels, whereas Mexico's purchases from America declined sharply. owing partly to, the decline of the peso and partly to increased tariff duties.
High
Chanre Low Close 189,90 138.37 138.78 11 off 28.56 28.98 29.44 28.49 .07 00
23,58 ·22,83 21.99 23.03 89,39
$9.00 45.03 11 Commodity Index 47.11
Chinese 5% Gold Bonds,
Chin. % Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
Chinese 5% Reorg. Loan,
1913 (Ldn. Is)
...... 481 Chinese 5% Ster. "Notes,
1925 (Vickers)
Chin. Imperial Rly. 5%
Hukuang Biy. 6%, 191L... 22
Hukuang Rly. 5%. 1911
(Cherman Issue)'
Lung Tsing & U. Hai Rly.
· 10
S'hai-'king Rly. 5% 22 Tientsin-Pukow Ely. 5%
(Brit. Stpd.) Tientsin-Pukow Rly, 5%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit Stpd. Supl. Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supi. Loan) 16 Jap. 6% Ster. Loan, 1907 391 Jap. 6% Bter. Loan, 1924 451 Ger. 1% Intl. Loan, 1824 31 Chartered Bank
E.K. & S'hai Bank (Ldn.
Rez.)
HK. & Shal Bank (Col.
Reg.)
Chinese Eng. & Mining
(bearer)
Chosen Corporation ......
B'hai Bec, Constr. Co...
6'hal Waterworks “A”..
Gen. Electric (England)71/45 Guinness (A) Son & Co. 100 Hawker Siddeley Air... 20/0 Bristol Aeroplane
21/0 Imperial Chemical d. 28/15 Imperial Tobacco
128/104 Marks & Sp'cex "A" crd. 51/8
Rolls Royce ....
Tate & Lyle
421
重
192547
3
4012
!.
131
191
1912.....
43
Co
41
21+
31
Loan
84
Honan Rly. 5%
901
311
32
234
51
101
* * * * 7 × 28 11
91
21
Jan. 29, 1939.
04
89,35 47,09
04 off
Fetto Syndicate.......
02 off
Business Dono:-580,000 share
***** * * 2*68* - - - NE * *** 5 * * * * *
Asso. & Elec. Industries 36/14 Austin Motors, ord,
Close
Opening
Closing.
Change
23/9
Cable & Wireless, New
Form, ord.
March
(1939)
8.38/38
8.40/40
8.40/40
.02 up
354
May
8.10/10
8.10/10
-3.10/10
unch
B.- Tob. (bearer)
88/1
July
(...)
7.80480.
7.80/81
7.81/82
01 up
Cammell Laird, ord.
****
6/78.
October
( )
7.39/40
7.41/42
-7.42/42
.03 up
|Mexican Eagle
4/41
December (..)
7.37/37
7.40/41
7.40/40
03 up
Distillers
Courtaulds
Dunlop Rubber
23/71
January
>
7.38 N
7.37b/393
7.41/41
.03 up
88/9
Spot
8.99 ..N
9.00 N
.02 up
22/3
NEW YORK RUBBER
March May September December
Bales for the day:
(1939)
15.45b/502.
15.36/36.
-16.37/39 15.44/44
15.48b755a 15.40b/42a 15.40/35 15.28/28 - 15.38b/41a 15.29/30
05 of
.10 off
.08 on
15.31/35
.13 off
106/3
Leyland Motor
72/0
May
691/691
57/73
Turner & Newall
July
692/692
1,340 tons
CHICAGO WHEAT
091/691
001/691 691/001 391/694
unch.
Or
70/0
United Steel
Beptember
701/704
701/701
off
21
I
Smethwick Drop For... 15/9 Armstrong Stevens, crd. Pressed Steel, com....... Vickers, ard.
Friday's Bales~~~
5.5533,000 bushels
8
CHICAGO CORN
13/74
20/44
May
Woolworths
56
Anglo-Dutch
20/6
July September
514/511 51+/811 521/52)" 531/524 527/521 521/521
511/511
524/521 524/521
off
off
82
Rub, Plant, Invest. Trast 23/8 Burma Corporation 8/3 Commonwealth Mining. 1/44 Maraman Inyestments... 11/10§. Randfontein Estates .... 34/41
7/8. Western Holdings ...... Sub-Nigel
219/41
WINNIPEG WHEAT
May July
638/631
844/041
639/631 637/637 641/841
641/641
October
Tanami Gold Mining..... 4d.
Anglo-Iranian 84,4} Burmah
March June
76,10
15/8
Shell Tranı. & Trad.
[beurer)
70/3
March.......
-Nominal
644/640
NEW YORK HIDES: (New Contracts)
NY Silver, Official
11.11b/13a 11.11b/18 11.05/06
11.47/49
NEW YORK-STRAITS TIN
45.80 N
42-3/4 NY-London Cross Rate 4.67-1/2"
45.25b/90a 45,80 N
834/63]
ཥྛ
11.50/55
1145/47
unquoted 4.67-7/8
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