1939-02-21 — Page 12

PAGE 12-HONGKONG · DAILY PRESS

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

On London:----

FEBRUARY 18, 1939.

Telegraphic Transfer. 1/8 253/32 Bank Bills, on demandt/9 25/39 'Credits 4 months' sight 1/3 1/32 On Shanghai-

Ou demand

On Bingapore:-

SHARE MARKET| LONDON METALS

REVIEW

(BY C. A L. RICKETT].

Secretary, Hongkong

Sharebrokers' Association

EXCHANGE

-London,-Feb-17-(Reuter),

COPPER-

£

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS- ASSOCIATION

Harare Hallera pale SATURDA?'' 18,

|--Bayern- |- Ballers-

"Sales" Woonboa

buyers *sellera

£

Standard, Cash 42

42-1/8

42-3/8

48

3 months 42-5/18

As far as interest in the market Standard, is concerned February has been a "dead" month-a short month Electrolytic concluding with Chinese New Year

#

47

TIN

and Race Week holidays. Prices standard. Cash 213-1/4213-1/2 sagged as the volume of business standard, recorded continued to dwindle. As

!!!

12

FEB.

Banks

$1430) C.D. E.K. Baska

ax.dir.204

Do. (Cal. Beg.) Do. (Lon, Bog.)... 294 - Chartered Bankı 82}} |Karosatile Bha. “*” £13 Mercantile Bks. "C" 106 Brak of East Asia ... N. C. & 8. Books ...

Insurances

Canion InsuFLOORS ... Union InsurRBORI Je Underwriters

H.K. Fires

Shipping

$1420

£87

£13

TUESDAY,

FEBRUARY 21, 1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING... ....

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

ལྕ

P

!!!

$16.20xdiv. #10)

fst

$57 $57+

$9.85

STOCKS

Last Sale

Last Sale

Feb. 18

Feb. 18

94

*9

231

92

Alleghany Steel Co.

423

37.

Amerada Corps.

Glass 401

901

36

Amer. Can

Amer. & Foreign Power

3

Loew's Inc...

49

84

17

Martin, Glen L

377

Ameri & Foreign #7 pi....

25+

Amer. Locomotive

Monsanto Chemical

*991*

Amer. Metals Co.

341

[Montgomery Ward

507

Amer. Radiator ......

151

Cat. Dairy Products

141

Amer. Rolling Mill

181

Nat. Distillers

251

45

Aimer. S'ting and Ring Co.

National Gypsum

14

Amer. Sugar Ring

National Load .....

221

Amer. Tel. & Tel.

158

Nat. Power & Light

Amer. Tobacco "3"

861

Nat. Supply Corpn.

124

132

New York Central...........

18+

291

N. American Aviation

191

35

Atchison, T. & S. Re. Auburn Motors... Baltimore & Oblo

North American Co.

254

Northern Pacific

114

意

Pacifc Gas

Elec,

31+

18

Barber Asphalt C

Pacific Lighting ......

457

151

Packard Motors

41

Barnsdall On

711

Paramount Pictures

101

Bethlehem Steel

Boeing Airplane Co.

311

Pennsylvania RR.

201

Borg-Warner .......

25

Phelps-Dodge

391

Biggs M'facturing

251

Phillips Petroleum

381

Brooklyn-M'hattan Trans.

127

Public Service of N.J.

361

B'klyn-M'hatton $6 eum pf.

403

Pullman Inc.

341

Canadian Pacific P'way....

5

Pure Of...

91

36.

Radio Corp. of Am.

7

Case, JI miss

Celanese

201.

Republic Steel

211

Chesapeake & Ohio

351

Reynold Tobac. "B"

39

Chrysler Corpn.

777

Schenley Distillers

15)

Columbia Gas & EN

81

Schenley, 54% píd.

Columbia 6% "A" pl. Commercial

872

Sears Roebuck

721

45

Shell Union Oil

13

11

Bocony-Vactuto Oll

128

London, Feb. 18 (Reuter),

C'wealth & 8.8% cum pt. Consolidated Edison Consolidated on

611

Southern Paciic

171

331

Southern Rly $5 píd.".

271

84

Sperry

477

178 nom

On demand

52 7/8

On Japan:-

On demand.

106. 1/2

On demand

108 5/9

On Manila:

On demand

67 7/8

On Bangkok.——

On demand

Sterling Notes:

#

Bank Buying Rate Bar Bliver per oz......

160/39

1/2 91'39 20 3/4

February

March

April

U.S. Dollars

$15-27/32 $15-7/8 15-27 32 15-7/8 15-25/32 15-13/16 15-23/32 15-3/4

"Market-Very quiet.

Merchant Rates

Sterling, 0/8-3/32.

U.S. Dollars, $15-13/16.

Silver Duty Rate

The Central Bank of China's

rate on London at 10 am, to-day

NEW YORK STOCK EXCHANGE

Was 1/2-1/2d.. unchanged from | Adama Express yesterday.

The Equalisation rate was 9 per Allis Chalmers

cent

Berlin Exchange

The

Berlin, Feb. 18 (T/Ocean),

Reichsmark was quoted

without guarantee at:-New York 40.14, Paris 1517. Amsterdam 74.75. London 11.673.

Paris Exchange

Paris, Feb. 18 (T/Ocean). Sterling was quoted at 178.93 tỏ 176.98; U.6. Dollar 3778) to 37,77.

New York Exchange

קי -

New York. Feb. 18 (Reuter).

T.T. on London (Opening Rate), 4.68-3/4.

Calcutta Exchange

Calcutta, Feb. 18 (Reuter). T.T. on Japan, 78-548.

اليس

India Rupee Paper

Bombay, Feb. 18 (Reuter). Govt. 34% Rupee, 95-12-0.

Amer. Waterworks Anaconda Copper

(Through Beuter's Service)

SILVER MARKETS Commonwealth & 8. (ord.)

LONDON SILVER

QUOTATION

· FEBRUARY 19, 1939 STOCKS

int. Tel, & Tel. Johns Manville Kennecott Coppet Libbey-Owens-Ford Lockheed Aircraft

On. India-

Telegraphic Transier. 82 3/6

and demand

On New York:—

Bank Bills, on demand 28 13/10 Credits, 60 days' sight 29 5/16 Un Batavia-

On demand.............................. 53. 5/9 On Paris:-

Bank Billa, on demand 1087 Credits 4 months' sight 117

Un Saigon

Shanghai Exchange

'Shanghai, Feb. 18-(Reuter). Open Market-Selling Rates Sterling

Spot February March April

Spot

Opening Closing 0/8-173 0/8-1/8 0/8-1/8 0/8-1/8 0/8-7/04 0/8-7/B4

0/8-5/64 0/8-5/64-

ness of the market during this

month "has been emphasized by Ordinary. the state of inertia displayed by Official Price 13-1/2- certain stocks, after the an-Ordinary, Official nouncement of dividends, show. ing exceptionally high yield on market value. For example, Trams 8 per cent., Providents, 11 per cent Hotels9 per cent. Star Ferries 87 per cent. Cements 71 per cent. Lands, 7 per cent., Humphreya d per cent..

*

Hongkong Banks changed hands GERMAN REICHSBANK

at 51,415, Trams.eased from $17.40 to $17 but at the close, had buyers at $17.10. Electrics lost $i} and came to business at $581. Under- writers after changing hands at

NOTE CIRCULATION

Berlin, Feb. 17 ́(Reuter. The return of the German Reichsbank for the period ended

70 cents were wanted at 60 cents. February 12, gives the total note Watsons were easier at $7. Mars- circulation as 7,335,000,000 Reichs- mdins (H.K.) came in for enquiry marks, showing a decrease of 214, and changed hands at 3-2 to 3-8.000.000 Reichsmarks as compared

At the close the undertone of the with the period" ended February 5

market is rather easier. Provi-

dents have announced a dividend2

of 75 cents. Hotels 60 cents and Electrics a anal $2.25.

small with the exception of De- Gold Mining stocks have been monstrations which last 4 cen- dull and fluctuations have been tavos.

$6.65

a result of the Hainan situation nervousness in some quarters was made evident by the increase in Foreign, "

Official Price 14-5/18 selling orders. All shares offering. however, were taken off the mar Foreign, Oficial ket at declining prices. The dull-

3 months 212-1/2 212-3/4

LEAD

*21G $482

$175

$820

$.60

85 at.161 cts.

P!

$480

14-3/8

182

Douginses

3 months 14-3/8

SPELTER

14-1/2

316

$80

$24

93/1

Shal

13-0/18

3 months 13-13/18 13-15/16 Final Afternoon Transactions Tin, Standard, Cash,, £213-1/4 buyers.

Steamboats

Indo-Chinas

Indo-Chinas (Dut.)...

Waterboats

Docks, Wharves

Godowns, etc.

$118.K. & K. Whereves.

Providents (oil) -----

$6.10 Providente (new)

917,70 H.K. & W. Dook...

(Prof.)

* 16 *

3175

135

$14

$24

83/1

3118

SPOT

sat

Tin, Standard, 3 months, £212- 1/2 bald and sellers.

$46

Do. (new) .............

$1.7.40 $17

#98

Shanghai Dooks

....

101

30

New Engineerings 8.

Mining

17/3 Kailan

17/3

Badba

38.90

$3

$3

APRIL-JUNE........

JULY-SEPT.

27-1/4 27-1/2 27-3/4 28

- buyera sellers change up 1/2 2-1/2 27-3/4 28 28-1/4 up 1/2 27-3/4 28

28-1/4 28-1/2 up 1/4 The market opened 1/4 of a cent higher for all deliveries as compared with Friday's closing quotationS,

•

Throughout the session the market displayed, a steady" under- tone. The better sentiment was 'caused by expectations of a con- siderable decline in UK. Stocks during this week as well as by in- dications of a continuance of an improved particularly in USA

consumption outlook,

Active all-round buying caused prices to gradually advance by a further 1/4 cent for all deliveries, the market closing with a very steady undertone.

€6.75

***

$36

$ILS!

$6.70

X.D.

18

SPOT

$17.80 APRIL-JUNE

JULY-SEPT.

LONDON RUBBER

Previous close

buyers sellers

8-1/18 8-1/2 8-1/8 8-3/16

To-day's close

buyers sellera change 8-1/158-3/18. unch. 8-1/8 8-1/4 6-3/16 8-1/4 8-3/18 8-5/18 8-1/4 8-5/18 8-1/4 8-3/8

Market quiet but steady.

The average forecast of last week's stock of rubber in London

128

0192 BIT

OCT.-DEC:

$17.05

19

val

-34

$72

323

器

and In Liverpool shows a decrease of 2,500 tons.

NEW YORK COTTON

Trading was stagnant, owing to the difficulty encountered to

penetrate through Washington's action next week Mills are cur- tailing operations, due to adverse textile trade, which was "below

production last week. At the close, the price was steady.

NEW YORK RUBBER

The market early advanced on trade buying, but, subsequently partially reacted on speculative prot taking. Later, however, values again advanced, with activity increasing.

New York, February Ú.

SINGAPORE RUBBER

February 17 buyers sellers

Feb. 18.

::

the

**

$16

Venezuela Gold Fids

beta.Hong Kong Mipes ... Lands, Hotels and Buildings

{H.K. Hotel

$36) EX Landa ......8.

$107 Do. 4% Debentures

16.00 Shanghai' Lands

H.K. Realtime

98.55 Humphreys

$100 Chinese Estates

Cotton Mills

817.40 Kwa

(.) 810 8' Cottons (8.)

&

124 Zoong Sing (8.) $49 Wing On Textice (8.)

Public Utilities Tramways

Peak Trams (ald) Fank Trama (new) .--.

#9 Star Ferrins

6221 Yati Ferries (0)

Do. (Dew):

$6Chiba Lighta. (0)

China Lights (New) China Lights Rtn.

H.L. Risctrics

Maso Electrics Sandakan Lights

$22 Telephone (old)

23/6 Tractiona

#7

Talaphonse' (new)

23/6

Tractions (prof.}·

$14

བྷ།།།

#57

SIE

13

314

par

$13

***

Industrials

|Cald., Macg, (Ord.) 5..

Cald, Mac. (Prof.) 8.- Canton Iome

$15.30 Camenha

Ropeszer,

Miscellaneous

Darry Farma

Ch. 'tainment -- Constructions

Constructions

Lace Crawforda

Snow

$7.85 Watsons

67 Ch. G.6% 1925 Bds,

3pa H.K. Govt. 1% Loans

H.K. Gost. 81% Loan

***

204

A.K. Wing O

S'hal Wing Ou

3/3

*Bains

$6.00 Vibeo Piling

14/4) Maramana LET. (LOO.)

Marsmans Inv. (U.K)

90 ct Fm. Powells

to Shanghai

LONDON STOCK EXCHANGE

(REUTER'S SERVICE).

The following quotations are the middle prions at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

$1.60

$151

$28

$1.05

Dow Jones Industrial Averages"

(DAW)

$8

Nayang Taba000

$1.70

$7.65

87 lo

$10%

$100

+

$6.00

190 ata

New York Cotton

Mar. New York Cotton July New York Rubber Mar. New York Hides Chicago Chicago

-Mar.

Wheat

Corn

May

-- May

London, February 17.

CHICAGO WHEAT .

A quiet and dull market throughout the session. There was some small buying by "spot" houses and the trade.

Feb. 16

Feb. 17 Change

144.95

145,51

up .58

N. Y. Commodity Market

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

High Low

Prev: To-day's

Close Close Change 8.45 8.42 8.44 8.45 01 up 7.83 7.797.81 7.81 unch. 18,32 16.30 18.18 16.32 14 up 10.97 10.89** 10.83

10.87. 14 up

681 071 63

681 1 up

491 431

481

401 up

NEW YORK COTTON

Close Opening Closing

Change

£

March (1939)

·8.44/44

8.43/43

8.45/45

01 up

War Loan, 31% (Red.

after 1952) .....

97-1/2 Canton-Kloon Rly. 5% 19-1/2 Chinese 41% Gold Loan,

Corn Producta".

Douglas Aircraft

-52-06

62-07

52-03

Gen. Electric

Gen. Motors.

Int. Nickel

Silver-India bought "forward."" | Continental Can

Cash demand smaller. Market Continental Oil

quietly steady.

Spot, 20-11/184.

Forward. 19-7/86.

NEW YORK SILVER

New York, Feb. 18 (Reuter).

Official Price, 42-3/4.

BOMBAY "SILVER

Bombay, Feb. 18 (Reuter).

Market-quiet. Ontake 30 bars.

Ready

Indian Mint SilverTM

Mar, 14 Settlement

Apr. 17 Bettlement

LONDON GOLD

London, Feb. 18. (Reuter). Bar Gold, Fine:per oz., 148/34. Dollar Parity, 1/21. premium.

ANGLO-GERMAN TRADE TALKS

Gen, Railway Signal Glidden Co....

LONDON, Feb. 20 (Reuter)-- Hecker Products Indications received from WishHomestake Mining ington, say the "Sunday Times" diplomatic, correspondent, aze that United States industries are prepared to co-operate with An-

gio groups in conversations next month on the possibility of form- ing cartel arrangements to velop foreign trade, p

He adds: It is assumed that other continental countries direct- ly interested will be prepared to come into line.

DOW JONES AVERAGE

High Low Dow Jones Averages, Feb. 17. High Low

391

Standard ́Brandı

7

1898 (Brit) Tague)................... 73-1/2 Chinese 3% Gold Bonds,

Union Insurance

*** 301* Gula Kalumpang Rubber 18/9 Allied Ironfounders ...... 18/6 Asso. & Hec. Industries 39/9 'Austin Motors, urd.

May July

8.07/08

8.08/07

8,08/09

.01 up

7.81/81.. 7.79/39

7.81/81

unch

October

7.39/38

7.38/38

7.39/39

December

7.37/37

7.37/97

1.36/36

.01 of

28/9

Cable & Wireless, New

January (1940) Spot

7.38/38

7.38b/39b

7.37 N

.01 of

894 N

8.92-17

,02% off

27

Stand Gas & Nec.

34

*1025-47.....

87-

65

Standard Of of N.J.

Chin: 41% Anglo-French

49

Forma, ord...40-1/2 B.-A., Tob.. (bearer)

96/3.

NEW YORK' RUBBER

Curtiss Wright (C.). .. ../..

st

Stone & Webster

151

Loan, 1908

Cammell Laird, ord,

Curtiss Wright "A"

278

Bwift Intérhátional

Chineno 5%' Crlip Loan,

Mexican Eagle

:8

8/9

Distillers Corpn. Seagrams

181

Technicolor

1912

34

181*

Courtaulds......

151

Texas Corpn.

441

Du Pont de Nemours

150

Texes Gulf Sulphur

- Chinese 5% Beorg. Loan,

1913 (Lda. 19.)

Distillers

27774 .91

March (1939) May

16.18/18 16.18/18

16.20/21 16.32/32

14 up

September

18.15/16

481

Dunlop Rubber

.30)

24/3

11

December

........ 16.18/18'

16.20b/25a 16.31/52. 16.24/25 16.31/31 18.31/32

14 up .15 UD 14 up

Eagle Picher Lead

111

Trans-America. 00. mangi

61

Elec. Bond & Share .............ae

114

20th Cent. FOX, ....

Chinese 5% Bter. Notes,

1925 (Vickers),

13-1/2

234

Elec. Bond & Share 35 pf.

62

20th Cent. For $13 pt.

Elec. Bond & Share $8 pf.

491

Union Carbide & Carbon ...'

83+

Chin. Imperial Kiy, 5%

Loan .......

Elec. Power & Light $7 pf. Fitntrate

38

Union Pacific-

Honan Rly, 5%

70 22

90

27

United Aircraft

Bukuang Rly. 5%, 1911... 20-1/2-

31/101

421

Gen. American Trans

551

United Airlines Trans.

Hukuang Riy, 5%, 1911

-135/7

Alp'cer "A" ord.

12)

58/3

.....

414

United Corpn......

(German Issue). ... 19-1/2

Rolls Royce .....

May

Gen. Mectric (England) 78 Guinness (A) Son & Co. 108/8. Hawker Siddeley Alro.... 22/9 Bristol Aeroplane ********* 22/104 Imperial Chemical Ind. Imperial Tobacco Marks

First Notice Day for March Rubber is February 27 and the last "Notice. Day March 29.

To-day's Sales:-1,680 tons. “

--

677/69

31

491

United Corpn. $3 cum pf.

38.

22

United Gas Corp

ging

Lung Tring & T. Ha! Ely.

8%

112/8

Leyland Motora

July

80/11

Tate & Lyle

September

681/01 63/68 69/69

CHICAGO B

BB1/681. 631/881

601/601

登録

3

213

United Gas Improvement

Goodrich (B.P.) ............án Goodrich $5 pt.

217

US. Rubber

461

U.S. Rubber #8 pfd:

105

Goodyear Tire & Co.

34

US. Steel...

Great Northern Iron Ore

15

Vanadium

26

Great Northern Rly, pfd. 201 Great Westem Bugar .........../ 247 Greyhound Corpn.

Warner Bros. Pict.

51,

Westinghouse" Kec.

111

184

Woodward Trún Cor.

.114

637

Chase National Bank National City Bank

324*

52

-bid.

1-ex. dlv.

| S'hal-N'king RIF, 5%........ 200

Tientsin-Pukow Bly, 5%

(Brit. Btpd.)

Tientsin-Fukow. Bly. 5%

16

(Cherman Stpd.) 16 Tientsin-Pbkow Fly, 5% ~(Brit, Stpd, Supl Loan) Tientsin-Puków Ely, 6%

(Ger: Stpa, Bupi. Loan) 16 pán |Jap: 5%; Star, Loan, 190745-1/2 Jáp. 6% Star" Izan,-1924 -50-172 Ger. 7% Intl, Logn, 1924 37-1/2 Chartered Bank

HK. & F'hal Bank (Ldn.

50/104

Turnar & Newall .....

United Steel........

76/104

;Friday's Sales:-5,778,000 bushels.

Emethwick "Drop Forg....

•24/11

16/6

Armstrong Stevens,

2/9

Pressed Steel, "com.

May

Vickers, ord.

18771

22/71.

July. September

CHICAGO CORN 4877481 487/481 504/804

401/491

504/504

Woolworths

'Anglo-Dutch *

62/41

9-5/8

Rub. Plant. Invest. Trust Burms Corporation Commonwealth Mining 1/41 Marsman - Investiments... Randfontein Estates

23/3

G WHEAT

513/315

27/3

8/3-3

May

July

14/41

October

824/827 :834/831 64/640

~021/621 627/027 031/691 821/634

641/541

36/104

Western Foldings

NEW YORK BIDES

·Beg.) schön

Sub-Nigel

$233/6

EK. & Shai Bank (Cól.

March

Tanami Gold Mining.....

1938 1939

18841 91.94 30 Industrials

3433 19:00, 20 Baile

·25.59 15,13 ~90 Unite

* 98.70 8129 40 B.bds

144,85 30 31 25.07- -90.34

Feb 19, 1919,

145.79:148.01

30.89/ 80.31 30,55

REX)

Change Chinese Eng. Ar Mining

Anglo-Iranian

[90/71

06 ap

24

up

(bearer) Chosen Corporation .... Pekin Byndicate

17/3

Burmah

3/11

June NY Sliver, Ofcial NY-London Cross

11.25/26

4.68-3/4

(New Contracts)

10.94/97 1132/32 11.36/35

Shell Trans.

(bearer)

83/11

19,00 46008 11 Commodity Index : 47.14 .......

4271 27 af

sbal Mic. Constr. Co...

Business Donor--110,000 shares

•Boat Waterbuka - "A".

September

STRAFTS TIN

imquoted? 468-19/16

45/051/508 45.35 N.