1939-02-15 — Page 12

PAGE 12 HONGKONG DAILY PRESS

Finance and Commerce

MONEY AND

EXCHANGE

H.K. STOCK EXCHANGE

The market was dull and tea-

CLOSING QUOTATIONS tureless,

FEBRUARY 1939

On London:-

Telegraphic Transfer. 19 13/16 Bank Bills, on demarid!/2 13/'8 Credits 4 months' sight 1/3 1/18 On Shanghai:

On demand

On Singapère:-

On demand

On Japan:~~

On deman

On India-

ཇུ ཉྫུ རྦ བྱ࿄ ཛྲ ཞུ་ཇ

Telegraphic Transfer.

and demand

On New York:- ... ·

.. 178 nom;

10 10 3 3/4

Bank Bills, on demand 8 7/8 Credits, 60 days' sight 19 3/2

Un Batavia:

.*

On demand

33 019

On Paris:

Bank Bills, on demand 1090 Credits "months" sight 1130

On Saigon:-.

On demand

108 3/1

58

On Bangkok...

Sterling Notes:

Bank. Buying Rate

150

1/3

Bar Silver per oz.

20 7/18

On Manila:-

On demand

On demand

JI

Market Report

From Rox Bros.

Buyers

Union Insurance, $460. Chinese Estates, $100. Yaumati Ferries (Old), $23. China Lights (New), $51. Sandakan Lights, $9.85. H.K. Rapes, $4. Wing On (HK), $381. Entertainments, $7.

Sellers

Providents (New). $8,35.

Sales

China Underwriters, $0.60. China Lights (Old), $8.50... HK. Electrics, $57.

PHILIPPINES MINES Autamoks, Px .484. Atoks,, Ps. 36.

Baguio Gold, Ps. Zi Benguet Consol, Ps. 13.00. * Coco Groves, Pa. .474. Cons, Mines. Ps. .003. Demonstrations, Ps. 19.. 1.X.L. Ps. .65.

San Maurieb. P. 1.82. Suyoc Consol, Pa... United Partiales, Pa. 69.

HONGKONG

The price for Ready Bliver rose | ..

1/16 yesterday to 20.7/16 but the

SHAREBROKERS'

CHINA'S NEW "ARM ROUTE”

FINANCE

NEW YORK WORLD FAIR: CLEAN UP & POLISH STAGE

NEW YORK Jan. 14-Less than 10 per cent. of the New York World's Fair 1939 remains to be baili, Grover A. Whalen, pre- sident of the Fair Corporation, reported to-day.

17

With 107 days still to go before railroad ever built; puppet manu- the opening of April 30, the $155, facture of automobiles: a block-

schedule. Mr. Whalen declared. mile anto ride-in

Haiphong-Kunming 000.000 Expoetion is still ahead of long diorama of New York; a half-

Railway

a building: This harbinger of peace and creation of artificial lightning: progress in the World of To- animated characters from "Alice morrow," he said, will open on in Wonderland," a full-scale street the 150th anniversary of George intersection of the World of To- Washington's inauguration of the morrow, and a perfume fountain. balcony of Federal Hall at Broad-In-the Government Zona sixty- and Wall Streets."

three nations, including the United

KUNMING, Feb; 13 (Int'l)———. China's "armi route" via Indo- Chia is basically, a natLOW- anuge milway joining Hal- phong with Kunming,... the capital of Yunnan province. abs a spur-line running into southern Kwangsi proviJCE. This railway is both the largest sh gic French investment in the East and also A remarkable engineering feat in its mountain construction. It has 240 miles of trackage in Indo-Chinn and. 288 miles In Yunnan province. Limited by its gunge and construction, to 300 tons of freight a trip, the allway is now operating to caps- city. Its earning during the first four months of 1938 were reported as showing an eighty per cent in- crease over the same period in 1837, with receipts at 60,000,000 francs as compared with 45,000,000 francs.

The French argue that this in-

of every known variety, novel crease in earning indicates nothing

On avenues radiating from this shows and walk-throughs," cabarets as regards witr suppiles: that the

theme centre some 1.400 leading in- and night clubs, spectacles and a increase is due to purely commer-dustrial, commercial and profes-dozen villages ranging fröm 辟 cial traffic, aside from munitions.

sional organizations are setting up Children's World to Merrie Eng- their exhibits exhibits which in land.

With work on the 1,218-acre States, are seeking to outdistance Fair grounds to per cent. com- each other in speed of construction pleted, the Fair Corporation Itself and in lavish outpourings of mil- dollars for displays. has virtually wound up its con-lions of struction programme and is now "Around the world in 80 minutes" In the "clean up and polish" stage. promises to be the slogan of this Exhibit buildings have been em- 100-acre zone, while p further trip bellished with murals, statuary and around this country will be provid- all the colours of the rainbowed by exhibits of 34 states con-

centrated for the most part in the" startling Ughting been realized: 10,000 trees and Court of States. 2,000,000 other plants are in the ground, and the famed Trylon and has began to mushroom up, with Perisphere have shed their scar-twenty-five folding and are being prepared burgeoning in steel, timber, lath within for the dramatic theme ex- and plaster and fifty others about ntbit of "Democracity."

fo be launched. Here is to be found

ASSOCIATION THREAT TO SUGAR

MARKET

Volume of Business Transacted on Tuesday, February 14

SHANGHAI, Feb. 13 (Intl)-The No, of

Japanese Industrialists in Shanghai Shares Price

will soon capture the sugar market $7.50

by dumping their products 15.75

throughout the Yangtze ports and 5.50

towns along the 6.30 the numerous

river valley.

STOCK.

Forward rate dropped" 1/16 to 19. Watsons 3/4 Silver advices reported the Cements market as being steady with some China Lights · (N.) Indian purchases.

200

The market Providents (0) ...

closed quiet with small buyers for Wäterboats.... Forward delivery. The New York

100 110 30 230

Ewos.

1,000

*9.00 16.80

San Mauricio

8,000

Ps. 1.80

1,000

0.47

market was closed yesterday.

The London/New York cross-

rate was quoted at 488.56.

Easier.

Market

*Sterling

Coco Grove..... Consol. Mines

.20,000

Demonstrations ... 1,000

AUSTRALIAN

WHEAT

With the completion of the re- pair work on the Minghus Sugar Refinery which was damaged by 0.003 the hostilities in Shanghai last this Japanese industrial $0.342 year.

enterprise now resumes full opera- tlon. It is understood that mass production is the keynote of its CROP output

Two consignments of about 20,000 the Aus-bales of raw materials for sugar Comincnwealth adheres production imported from Japan small sellers at 1/2 15/16 Cash, to the estimate of 143,000,000 have been unloaded" from the 1/2 29/32 February/March and bushels for the Australian wheat Changsha Maru, and the plant, is 1/2 7/8 April/May, buyers at 1/2 crop, though the aggregate State now feverishly turning out its /21/32 Cash, 1/3 15/16 February totals amount to only 141,000,000 output in huge quantities for

March and 1/2 29/32 April/May. bushela.

dumping into the market in Cen- The total acreage for the season tral and South China. U.S. Dollars -

Business was done at 1/2 15/16

for Cash and 1/2 29/32 for April. The statistician for The market closed at 1 pm, with tralian

Quiet. There were sellers at 29 1/8 February, 29 1/18 March and 29 Aprli, probably May, buyers at 29 3/16 Cash, 29 1/8 March/ Arst half April and 29.1/18 May.

Shanghai Dollars

Sellers at 183.

Shanghal Market

ended December 1, was given as 14,100,000 acres. The for the same season was ed at 10:330,000 bushels.

It is predicted that the dominant carryover position of the Dutch and Java estimat-sugar in this country will shortly

be replaced by the Japanese,

SILVER MARKETS

-LONDON SILVER London, Feb. 13 (Reuter). Aver-India, bought, Bears ex-

ANTAMOK LEAD MARKET

Under the "leadership of San

theerally advanced in slightly increas

Opened with sellers at 8.8 and tended sales. Market quietly Mauricio and Antamok, prices gen-

closed at acon with sellers at 8.5/steady. In

the afternoon.

32 for Spot US Dollaro, opened market was very quiet, with "spotd trading as news tended to be with sellers at 15.7/8 and closed at clined to be offered. There were favourable. Taking a cue from New 15.15/18. for 8pot, Steady,

Quiet.

Afternoon Marköt

Sterling

small buyers for "forward."

Spot, 20-7/16d.

Forward, 19-3/44.

The market; closed: with small sellers at 1/2.15/16 Cash, 1/2.29/32 February/March and 1/27/8 April/May, buyers at 1/231752 Ready Cash 1/2.15/16: February/March Mar, 14 Settlement...

April 17. Settlement and 1/2.29/32 April/May,

US: DORAS

The market dosed with: sellers at 2.3/8 Februry, 221/16 March and 29′ April; poikißly May, buyers

23/18 for Gain. 29:1/8 March Adril and 291/16 M. *

Shanghai, Dollar

Sellers at 183.1/8.

Shanghai Exchange

Shanghai, Feb. 14 (Reuter).

Official T.T. Rates

London

'New York

арал

Parts

Hongkong

York, mining shares on the local market opened higher, and con- tinued to show strength with some tuying interest in evidence.

BOMBAY SILVER

ANTAMOK GOLDFIELDS Bombay, Feb. 13 (Reuter).

Developments on the 1650 level Market Steady Offtake 40 bars.

at the Antamok Goldfields mine in Indian Mint Silver

The Bagitio district continue to 5219 52-11

show promising in indications, the 52-08 52-10 Manila office of the Bortano in- 52-05 52-06

terests reported recently.

There are now four crescuts from the footwall drift to the vein, the fourth crosscut having cut the vein recently, showing an average width of 18 feet averaging P21 per ton. As previously known, the other crosscuts also encountered ore of commercial grade.

"J

LONDON GOLD

London, Feb. 13 (Reuter).. Bar Gold, Fine per os, 148/41. Dollar Parity, 1/2d. premium:

London Exchangë

London, Feb. 14 (BWS). Closing mean rates were:- Paris, 178-61/64.

New York, 4.881.

Montreal, 4.701

Opening

Brussels. 27.773.

"0/8

Geneva, 29.871.

Amsterdam, 8.741.

15-5/8

Milan, 89-1/16..

56-7/8

Berlin, 11.88).

5.48

63-3/8

Copenhagen, 22,401.

Prague, 137.

Results are

bearing out the

theory that as the drift progresses eastward the values appear to be increaking.

LONDON METALS

EXCHANGE:

London, Feb. 13 (Reuter).

affects

NOVEL EXHIBITS

have

_||

The 280-acre Amusement Ares

concessiona already

a 250-foot Parachute Jump, rides

their entirety and aside from their Operating stats are already educational aspects. promise to preparing for a million visitors on rival the Amusement Area as en-opening day and rages of 300. tertainment attractions.

000 daily thereafte. Outside..sur-

་

Novel exults in course of pro-veys indicate the Fair is too con- paration Include: a working model | servative in estimating total at- of a rocket gun, the largest model tendance at only 600.000.000.

Bayer Bellers

WEDNESDAY, FEBRUARY 15, 1939.

PAYNE & CO.

COMMODITY BROKERS

"i

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

S P.O T APRIL-JUNE

JULY-SEPT.

(FROM PAYNE & CO.)

New York, February 13.

SINGAPORE RUBBER

*February 13

26-1/4

February 11 buyers sellers" 28-1/2

buyers sellers change

26-1/2 28-3/4 · up 1/4

28-1/2

25-374

28-3/4 27

26-7/8 27-1/8 10 3/8

27-1/8 27-3/8 up 3/8

Responding the better advices received from London and New York. the market opened 1/4 of a cent higher for all deliveries as compared with Saturday's closing quotations.

Throughout the day the market ruled quiet and dull, being. affected by the approaching IR.R.. Committee's meeting.

Activity was at a very low ebb, dealers and speculators being disinclined to operate.

"Subsequently prices registered a slight decline of 1/8 cent for all deliveries due to some speculative selling on a narrow market.

Closing tone was quiet..

"Dealers' stocks in Straits settlements, together with stocks at the ports on January 31, 1939 amounted to 34,138. tons as compared with 29.75 tons at end of December 1938.

Total Imports of Rubber from outside British Malaya during January amounted to 19,049 tons as against 7,607 tons during. De- cember 1938.

j-

Malayan Domestic-Rubber Exports in January-are-estimated at 32,000 tons as against 21,000 tons in December 1938.

LONDON RUBBER

up-1/16

SPOT

APRIL-JUNE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Nominal TUESPA! Bi

FEB..

Banks

SHAREBROKERS" ASSOCIATION.

14

Buyers

Baller

Balsomina

Previous close To-day's close buyers sellers buyers sellera

up 1/16 7-11/18 7-13/16 7-3/47-7/8, 1-374

7-13/16 7-15/16. up. 1/16 7-7/8 JULY-SEPT.

8 7-13/16 7-15/18 7-7/8. OCT.-DEC

1-7/8 $

7-15/18 8-1/10 Market steady. Covering was absorbed by offerings.

NEW YORK COTTON

change

up 1/16

Market closed.

C.D.

NEW YORK RUBBER

I.D.

X.D.

£2

Market closed.

£01

£271

CHICAGO WHEAT

£13

J

Market, closed.

WINNIPEG WHEAT

Close

$1415 C.D. R.K. Banks.............

ex.dir. £924

#

75 ct. 70 cta

$118

16

Do. (Col. Beg.) Do. (Lon. Rag.) Chartered Banka

2377 Mercantile Bks. "A" 213 Mercantile BK, "0" 838 Bank of East: Abia ..... N. C. & 8: Banki ... Insurances

1990 Canton Insurances 485 Union Insuranced Underwritern,

$175 H. Fires

$8R

1.69

$420

شوب

Opening Cfbeing 62-62 62-1/8-1/8 82-1/8-1/8 82-5/8-5/8 62-5/8-3/4

Low

Change

1/8 up

83-1/8-1/4 unch

902 3/4-3/4 1/8 up

Feb. 12 Feb. 14, Change

14461

Closed

1.75

Shipping

MAY JULY

tén Douglass

OCTOBER

63-1/8--1/4

$16. Steamboats,

#11

16)

Indo-China (Prof.)

$55

May:

High 63-1/4

520

Indo-China (Def.)...

8.1

81/1

Bbells

81/1

"y" Watarbonta

Dow Jones Industrial Averages

Docks, Wharves,

Godowns, dtc.

HI. & Wharves

7118

$4,50

多

Providents (016) .....

38.20

Providents (@9)', *••* ̈

37.0

7.15 H.K. & W.. Docks.r

$1.1

Do. (now)

$17.

LONDON

$101

75 Shanghai Docks B..

New Engineerings 3. Mining

17,3 Kadans.

Kaubs

17/3

$3

Vánezuela Gold Flds'

beta Hong Kong Min... Lands, Hotels and Buildirig's

$61 HK Hotels

236 H.K. Lands

$38

$10

Do, 4% Debentures

48

Bhanghai Land

H.K. Beatin

But

$100

{Chiness "Estaben

$23

1211

Humphreys claim

Colton Mills

$18.90 Ewe (8.)

stu Shai Cottons" (8.)

Zoong Blogs (8.) ...

$43 Wing On Textiles (5.)

Public Utilities

417.40 Tramways

Peak Trams (öld)' ...'

$30

3240

STOCK EXCHANGE

(REUTER’B SERVICE)

The following quoístions are the middle prices af the close the market in London. All quotations are subject to confirmation and "no responsibility is assumed for errors in transmission.

London February, 13

Asso: & Elec. Industries Austin Motors; "orth i Cable & Wirelean, New

Form, ordr

BA. Tob. (bearer)

Courtaulda

Distillers

40

25

Gen. Electric (England) T

-$8.00

100 war Loan, 94% (Red. $3.70

1925-47

Chin 41% Anglo-French

Loan, 1908 .........

after 1952)

97-9/10 Canton-Kloon Rly. 3% 19 Chinese 41% Gold Loan,

1898 (Brit. Issue) 73¦; $18,80 Chinese 5% Gold Bonds, 398 Szuł

Union Insurance

301 Guia Kalumpong Rabber, 18/9' Allied Ironfounders",

68.

94/44

53

Chinese 5% Crisß-Loan,

817

| Cammell Laird; ord.::

Mexican Eagle:

7/10

·5/7

1912nos

14

Peak Trams (De)"..."

34

Chinese 5% Reorg Loan,

00:

$.3

Btar Farrin edilirdi

.73%

1913 (Ldn. La)

481

Dunlop Rubber

23/10/

Y'mati Ferries (U).

Do.. (new)

Chinese 5% Ster. Notes,

1925 (Vickers)....

13-1/2

China Lights (

FALOV

Guinness (A) Son & Co. 108/8

is thins, Lights (New)

358

China Lighta Ete.

Chilo. Imperial Rly, 5%

Loans

68

Hawker Siddeley Air... 22/8 Bristol Aeropiane

22/9

0571

H.K. Electr

$67

Bonan Rly 5%

Imperial Chemical Ind. 31/44

$18 Macao Blectrics.......

$9,85

Hukuang Rly. 5%, 1911... 21′ Hukuang Rly 5%, 1911:

Imperial Tobacco,

130/7

Marks & Spicer "A" ord,

56/3

COPPER

sellers

Standard, Casti 42-5/16 42-3/8" Standard

42-11/16 3 months 42-5/8 Electrolytic 47-1/4 48-1/4

TIN Standard, Cash 214 Standard.

buyers

(German Iarie) Lung Tsing & U. Hai Rly.

20

Rolls Royce

113/3

Leyland Motors

£

841

181

Tate & Lyle

60/41

B′hal-N'king Ry. 5%. 23

Tientsin-Pukow Rly. 5%

(Brit. 8tpd.)

Turner-de Newall

United Steel

75/71

Smethwick Drop For

24/11

18/3,

$10 $15.95

Armstrong Stevens, ord.

7/9

16

Pressed Steel, com.....

181

214-1/4

3 months 214: LEAD Foreign,

Official Price 14-1/4 Foreign. Omcial'

213-1/4

བ་

14-5/16

3 months 14-3/8*

SPELTER

14-7/10

393

$12

Ch. E'tainsente Constructions

(old)

Constructions (new)

Lane Crawfords...), Nanyang Tobacco

$3.50

314

$8

$1.85

3104

Vickers, ordenens -- 22/9 Woolworths

61

14.

30/0

Western Holdings ..

10/3

Bub

Miring.

80/41

/10

Bandakan Lights

$231 Telephouse" (old).

97 Talephones (new)

Tractions......

236 (Tractions (prof.) a

Industrial

|Cald., Macg. (Ord.)

S.

$13 Cald. Macg. (Fref.) 8.

$1.70 Cantos Jon

16Camente

Hopegriz Miscellaneous

Usury Farme

Open, Market-Selling Rates Sterllir

Spot February

March

April

Spot

Other rates were unchanged.

Opening Closing Calcutta Exchange 0/6-9/64 0/8-9/04

0/8-1/8 0/8-1/8..

...0/8-9/64 0/8-7/64

U.S. Dollars

Calcutta, Feb. 13 (Reuter). TT nn Japan, 778-5/8.

0/8-5/64 0/8-5/8 India Rupee Paper -

Bombay. Feb. 13 (Reuter). Govt 31% Rupee, closed.

$15-29/32 $15-29/32

Fatmaury ...... 15-7/8. 215-7/8 *

March 16-13/10, 15-13/18]

April ......... 15-23/12 15-23/32 Berlin Exchange

Market-Quiet.

Merchant Rates

Sterling, 'b/8-3/32.

US Dollars; $15-13/16.

Silver Duty Rais

The Central Bank of China's

rate on London at 10 am. to-day.

was 1/2-1/24. unchanged from

yesterday.

(Berlin. Feb. 14 T/Ocean), The Reichsmark was quoted without guarantee at: New York 40.14, Paris.1615). Amsterdam 74.70. London 11.68,

Paris

Exchange

Ordinary.

Oficial Price 13-8/1613-5/8 Ordinary, Official

3 months 13-13/16 13-7/8 Final Afternoon Transaction Tin Standard,” Cash, £214-1/4

Paris, Feb 14 (T/Ocean), terling was quoted at 176-15/16 | value.,

The Equalisation rate was 7-1/4 to 177; Da, Dollar at 37.76-1/4 to Tin Standard, 3 months, £213

per centr

37.77-1/4

bald and buyers.

66*/; Ch. G.6%, 1925G #Bds, *.pus|H.K. Govt. 45% Zonna

paz

H.K. Govs: 34% Loan

HK. Wing On m What Wlog On -- 30.60 Vibro Piling

14/0: | Maramans Inv: (Low) 1/67. Marangon Inf. (HK) 100 at Wm. Powalle

Tientsin-Pukow Riy. 5%

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

(Brit, Stpd Supl. Loan) 18 07.06 Tientáln-Pukow Bly. .5%

(Ger, stpå Bupl Loan) 16. Jap. 5% Ster. Loan, 1907 431 Jan-6%% Ster) Loan, 1924 481 Ger. 7% Intl. Loma, 1924 37: Chartered Bank Holigen: 02. H&Bhai Bank (Ldn

Reg.jpg 827 HK & Shai Bank (CC1)=

Reg)

0:00 Chinese Engr & Mining

May(bearer);"

Chosen Corporation

30 ct Pekin Syndi

Shal Bloc

S'haf *Waterwo

Anglo-Dutch

Rub. Plant. Invest. Trust 28/3 Burina Corporation

8/7 Commonwealth Mining 1/41 Maraman Investments... Randfonteln Estates