1939-02-22 — Page 12

PAGE 12-HONGKONG DAILY PRESS

Finance and Commerce

NATIONAL DEFENCE AND ELECTRICITY

*

..It was recently announced in Parliament that discussion had taken place between the Ministry of Transport and repre- sentatives of public, utalty undertakings on the special precau tionary measures which should he adopted by way of national defence in time of emergency,

It is now stated that in the case of electricity supply undertakings. the conclusion has been reached that, in addition to the ordinary measures of air-rald precautions. which every good employer must most be expected to take, the practical way of dealing with the situation will be to provide a na- tional reserve of switchgear, trans- formers and incidental equipment. These will then be held at suit- able centres under the administra-

LONDON METALS

EXCHANGE

London, Feb. 20 (Reuter).

COPPER

MONEY AND

EXCHANGE

Berlin Exchange

Berlin, Feb. 20 (T/Ocean). Reichsmark quotations without guarantee --New York 40.14, Paris 15.17. Amsterdam low 74.80, high 74.88, London 11.68. Paris sterling low 176.87 high 177.01, Dollar low 37.75 high 37.764.

New York Exchange

buyers

sellers

£

£

Standard, Cash 42-3/16 42-1/4 Standard,

3 months 42-1/2 42-9/16

48-1/4 Electrolytic ...... 47-1/4

TIN

tlön of the Central Electricity {" Board and will thus be readily Standard, Cash 213-3/4 available for installation when re- Standard,

quired. The cost of providing this

3 months 213

equipment and of taking certain

LEAD

other steps for the protection of Foreign,

214

213-1/4

.. New York. Feb. 20 (Reuter), TT. on London (Opening Rate), 4.68-5/8.

Calcutta Exchange

Calcutta, Feb. 20 (Reuter). TT. on Japan, 78-5/8.

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE.

Buyer Sellers Safee NomasATORDAY—18: Brera Balers

1214

$176

2373 Marosatile Bks. "

Marcantile B1⁄4

SHAREBROKERS, AB80CLATION

FEB.

Bunks

***

$1430 CLD. EK B

$1430

Do. Col Bog.)

BST

ES

Do. (Lon. Beg.) Chartered Banks

£11

“Q”

1973

£13

$89

Bank of East Asia ...

N. C. & S. Bankı ...

g

Insurances

Canton Insuršanes ...

3130

Union Insurance

$.80

UnderwriterS

$460

H.K. Fire

175

Shipping

165

| Douginson

$65

$18

Breamboats.

$14

$60

Indo-Chinne

(Fr.)

11

Indo-Chinas (Del.)...

Shells

83/1

19

:

(65 cta. 61 obs

I

::

"J

95/1

Waterboats

Docks, Wharves, Godowns, "etc,

9118 H.K. & E. WherTOR Providents (eld)_ _** $8.30 Providenta (new) [$17.70 H.K. & W. Docka.....

$18) Do. (OW} -->< *95

**

WEDNESDAY, FEBRUARY 22, 1939.

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

New York. February 20.

SINGAPORE RUBBER ..

$118

SPOT

APRIL-JUNE

BEL

WTH

BL80 JULY-SEPT.

February 18 buyers sellers

27-3/4

28 28*. 28-1/4 28-1/4 28-1/2

February 20 buyers sellers

change

CLOSED

Market closed.

LONDON BUBBER

Previous close buyers sellers

To-day's close buyers sollers

change

unch

Shanghai Docka i. ... ||Naw "Engineerings – 8. Mining

17/3 Kaik

Raube

$3

$17 3101

plant outside the scope of ordinary Official Price 14-5/1614-7/15 "good employer" precautions is es- Foreign. Oficial

timated at 3.000.0001.

The Ministry of Transport, in

3 months 14-7/16

SPELTER

consultation with the Lord Privy Ordinary, Seal, has, therefore, authorised the

}}

Official Price 13-9/18

Electricity Commissioners to in-Ordinary, Official form representatives of the indus- try that Parliament will be asked

as sport as possible to undertake

the liability for half this total and to authorise the borrowing of the other half by the Board. Interest.

sinking fund and other necessary charges on this account will be niet by a levy upon the undertak- ings in a simfiar way as is already being done to meet the cost of standardising the frequency.

14-1/2

India Rupee Paper »

Bombay, Feb. 20. (Reuter). Govt. 34% Rupee-Closed.

SILVER MARKETS

LONDON SILYEE London, Feb. 20 (Reuter). Bliver india bought. Specula

Market 18-11/18 (tors bought and sold.

quietly steady. In the afternoon. the market was idle.

Spot, 20-3/48.

3 months 13-7/8 14

Final Afternoon Transactions Tin, Standard. Cash. £213-7/8 value.

Tin, Standard, 3 months, Sz13 paid and sellers,.

NEW YORK STOCK EXCHANGE

(Through Reuter's Servina)

QUOTATION"

17/3

*g.

Ja

38.90

$8,65

$61

Venezuala Gold Fida

5 ota, Hong Kong Misen ...

Lands, Hotels and Buildings

H.K. Hotels.

B FOT

APRIL-JUNE

$6.75

JULY-SEPT.

#38) (H.K. Landa semő.

-$30

$107) Do. 1% Debentarse

OCT-DEC.

$8.60 Shanghai Landa B H.K. Renitipa

Market featureless.

$5.70

88.55 Humphreys

ID.

$8

Chinese Batates... Colton Mills

Forward, 19-7/8d.

$17,43 Ewe 9.)

NEW YORK SILVER

$1098/hat Coriom.. (18.)

$34

New York, Feb. 20 (Reuter). Official Price, '42-3/4.

Zoong Sings (6.) ....·

$17.80

198 $294

$42

Wing On Textiles (8.)"

Publio Utiliti

816.90z.div. $16)

Tramways

$17.04

Peak Trams (old).

Peak Trams (now) ...

34

8-1/16 8-3/16 8-1/16 8-1/8

8-1/8

8-3/16

8-1/4 8-1/8 8-1/4

8-5/18 8-3/10

8-1/4 8-3/8 B-1/4 8-3/8

NEW YORK COTTON

The market again presented a narrow appearance, with traders crop holding back until the present situation regarding the 1999 programme is clarified. There was no special news from Washing- ton over the week end regarding the Smith Bill. The market closed steady, with prices somewhat higher than the opening. There was some switching to new-crop positions.

K

B-5/16

#9

Star Ferries

+72

are

122

'mati Farrios (0)

193

NEW YORK RUBBER

***

Do. (ww)

JChina

Chios Light (0)

Ghins Lights R.

Lights (New)

FEBRUARY 21, 1939

. I

JAPANESE

COAL MINE

CONFISCATED

HARBIN, Feb. 22. (Int1)-The Amer. Can.......................... Soviet authorities conscated last Arner, & Foreign Power". year a part of the Aguevo coal Ameri & Foreign $7 pt.. mine in Northern Baghalien, can- |Amer. Locomotiva celling Japanese rights, and have Amer. Metals Co. since been working the mine. Amer: Radiator .....................

Recently Mr. Shigenori Togo, Amer, Rolling Mill Jaronese Ambassador to Moscow, Amer. B′ting and R'ing Co.. Aled a protest with the Moscow Amer, Sugar Ring Government about the matter but Amer. Tel. & Tol the Moscow Government gave no Amer. Tobacco "B" reply. The Japanese Foreign Amer. Waterwork. Office has sent instructions to Am-Anaconda Copper bassador Togo to press Moscow for Atchison, T. & 8. Fe.

Auburn Motors ... reply. The Saki-gumi obtained the Baltimore & Ohlo right of working the Agnevo mine Barber Asphalt Co In 1925, and established the Nor- Barnsdall Olj thern Saghallen Mining Company Bethlehem Steel

in 1937 to develop the mine. The Boeing Airplane Co... company was about to start work Borg-Warner when the Soviet authorities con- Biggs. M'facturing"

Brooklyn-Mhattan Trans.

celled the right on the ground that the work had not been start-B'klyn-M'hattan $5 cum pf. ed earlier.

STOCKS

Last Sale

STOCKS

Feb. 20

Last Sale

Feb. 20

357 $574

$9.80

A.K. Blectrics

#561

$57

$18

9

Adams Exprés

Homestske Mining

631

$7

Alleghany Steel Co.

213

Int. Nickel

50+

Macso Electrica

Sandakan Lights

199 Telephone (old)

96 Tractions ......

Telephones (NET)

42

Allis Chalmers

Int. Tel. & Tel.

31

23/6

Tractions (prof.)

61

Johns Manville

90

Industrials

amerada Corps.

The action of the securities market had a depressing effect. The the underlying future outlook, however, remains favourable and sentiment is good.

'CHICAGO WHEAT

A steady market; but export demand was poor. Trading was generally featureless.

891

Kennecott Capper

36..

$14

Colă, Mang. (Ord.) 8.

Feb. 19 Feb. 21

Change

at

Libbey-Owens-Ford

Glass

431

$18

|Cald., Macg. (Fref.) 8.

161*

241

Lockheed Aircraft'. Loew's Inc...

341

Canton Jo

$1.60

Dow Jones Industrial Averager

...... 145.51

142,74

ox 2.77

47]

**

33+*

Martin, Glen L.

361

151

Monsanto Chemical

991

17

| Montgomery Ward

481

441

Cat. Dairy Products

141

Nat. Distillers..

18

! ོ ཐ

$15.30 Camenta

$11

Blopes

Miscellaneous Dairy Farma Ch. "B'tainmenta

Constructions Constructions

$151

$4

823

$7.05

(old)

1571

National Gypsum

131

Lane Crawforda Nanyang Tobago

18

$31

N. Y. Commodity Market

851

National Load

221

$1.70

121

Nat. Power & Light

2

37,80

$7.85

28

Nat. Supply Corpn.

12

33

New York Central

37pm HB

171

67 Ch.

Ch. 0.5% 1925G #Bds. H.K. Govt. 4% Loans

87%

$104

par

H.K. Gort. 31% Loan

$100

31

N. American Aviation

171

B

North American Co.

242

H.K. Wing O.....

hal. Wing On...

$40

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

17*..

Northern Pacific

101

147

Pacific Gas & Elec.

301

681

Pacific Lighting

451

291

Packard Motors.

4

241

Paramount Pictures

101

24)

Pennsylvania R.R.

101

12}

Phelps-Dodge

37

40

Phillips Petroleum

381

LONDON STOCK

18.60 Vibro Filing

14/4 Marsmans Inv. (Lon.)

3/3

Marsmana Inv. (H.K.)

90 sta. Wm. Powell ...........

|*Balos to Shanghai

EXCHANGE

-86.80

Y

High

Pray. To-day'a Low Close Close. Change

***

90 dia.

New York Cotton

New York. Cotton

Mar. July

8.48 8.44

8.45

8.48 103 up

7,83

7.79. 7.81

7.83 .02 up.

| Canadian Pacific R'way.

43

Fublic Service of NJ

351

Case, J.L......

84

Puliman Inc.

331

New York Rubber - Mar. New York Hides - Mar. Chicago Wheat May Chicago Com Winnipeg Wheat

16.28 16.14

10.91 -10.79

16.32 10.97

16.17 .15 o

10.848,13 of

68%

681 681

682 I up

May May

#

497 63+

401 404

824 621

491 63

+ up

Celanese

201

Pure Of

(REUTER'S SERVICK)

REHABILITATION

TRADE COMPANY

'SHANGHAI, Feb 22 (Int'l).-Ac- Commercial

cording to rellable information Commonwealth & 8. (ord.) abtabed from local banking cir-C'wealth & 8. 6% cum.pf. cles here, the National Govern- Consolidated Edison ment bas decided to establish the Consolidated Oll China Rehabilitation Trade Com-Continental Can pany for business and trade trans-Continental Oil: actions arising from the Anglo-Corn Products American loan to China.

Chesapeake & Ohio

347

Radio Corpn. of Am.

61

London, February 201

NEW YORK COTTON

Chrysler CorpA.'

742

Republic Steel

201

Columbia Gas & EL

72

Reynold Tobac. "B"

377

Columbia 6% “A” pt.

85)

Schenley Distillers

147

53

[Schenley,"6}% pfd.

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.

#

13

Bears Roebuck

£

701

80

Shell Union Oil

12

321

Elec. Autolite

31

B+

|Bocony-Vacuum Oil

121.

War Loan, 31% (Red

after 1952) Canton-Kloon Rly, 5%

March (1939) May...... July

Close 8.15/45 8.45/45

Opening Closing

Change

8.48/48

.03 up

8.08/09

8.09/09

8.10/10

01 up

7.81/81

7.81/81

7.83/83

02. up

Union Insurance

301*

381.

Bouthern Paciac

Chinese 41% Goid Loan,.

161

281

Southern Rly $5 pid.

261

04

Sperry

457

The company will be brought into existence in Chunking, with

a capital of $10,000,000. Messrs. Du Pont de Nemours Chen Kung-pu (K. P. Chen) and

#Ast Te-mou will assume the pre-Bendix Aviation

sidency and vice-presidency,, res- Deere & Co. peeth ly. Branch offices will be Eaton, Mig. Co. established in London and New Eagle Picher Lead York.

Elec. Bond & Share

Curtiss Wright (C) Curtiss Wright "A" Distillers Corpa, Beagrams Douglas Aircraft

61

Standard Brands

1898 (Brit. Issue)........... 73-1/2 Chinese 5% Gold Bonds,

1925-47

97-5//10 Gula Kalumpang Rubber 18/9 19-1/2 Allied Ironfounders...... 18/0 Asso. & Elec. Indpitries 40/3 Austin Motors, ord. 29/3

October December January (1940) Spot

1.39/39

7.39/39

7.40/40

.01 up

7.36/36

7.37/37

7.35/98

unch.

737 N -

7.37b/800

· *7:38/99

.01 up

8.92 N

1.91 N

.01 of

87

02

201

¡Stand Gas & Elec.

Chin. 41% Anglo-French

31

181

Standard Oil of N.J.

Loan, 1908

481

Stone & Webstor

Chinese 5 Crisp Loan,

723"

141

1467

Swift International

267

1912 .......

Technicolor

Chinese 5% Reorg. Loan,

Allied Stores

+

187

1913 (Ldn/ kk)

$ $ 9.9

Cable & Wireless, New

Form, ord.

NEW YORK RUBBER

41

B.-A. Tob. (bearer)

.97/8

Cammell Laird, ord.

March (1930) May

18.32/32

16.31/32

Mexican Eagle

6/9

341

Courtaulds

27/6:

September

16.31/31

16.20/29 18.20/29 16.23b/29a

16.17/17 16.18/17

16:14/14

Distillers

December

. 18,31/32

16.15 N

9966

91/9

ท

281

Texas Corpn.

Dunlop Rubber

437

24./2

181

Texes Gal! Sulphur

Chineza 6% Star. Notem,

30

Trans-America Co.

1925 (Vickers>

Gen. Electric (England) 78/6.

13-1/2Guinness (A) Son & Co. 1072

To-day's Sales:-1,260 tons.

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

23+

61

11*

20th Cent, FOL

Chin. Imperial Bly, 5%

101 20th Cent. Fox $14 pf.

Loan

70

321

NATIONAL BANK

NOTES

CHUNGKING, Feb. 21 (Central)-Gen. Motors

Elec. Bond & Share $5 pf. Elec, Bond & Share $8 DI. Elec. Power & Light, $7 pf. Mintkote ... THỜ

Union Carbide & Carbon

Honan Rly. 5%"

22"

811

Union Pacifc ........

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

89

941

United Aircraft

361

401

United Airlines Trans.

Bukuang Rly, 5%. 1911.

(German Issue)

..:-19-1/2

Hawker Siddeley Airc... 22/6. Bristol Aeroplate

23/3 Imperial Chemical Ind. 31/9 Imperial Tobacco.... -136/3 Marks & Spicer "A" ord. 56/72 Rolls Royce A.......

May

July

CHICAGO WHEAT

081/081

681/681 681/684 681/681 687/081

681/681

27

113.

112/9

September

160/169

ཏྲྰཾ

Gen. American Trana

55

United Corpn.

3

Gen. Electric

391

United Corpn. #3 cun pf.

34

United Gas Corpo.

471

23

the Bank of Communications are Goodrich (BF)

Despite Japanese restrictions, the Gen. Rallway Signal notes of the Bank of China and Glidden Co.

21#

United Gas Improvement

Lung Tsing & U. Ha! Bly.

0%

134. S'hai-N’king“ Rly. ·5%......... 23 "Tientam-Pukow Ris. 5%'

Leyland Motors

80/11

Saturday's Sales: 3,509,000 bushels

Tate & Lyle

60

Turner" &. Newall

T7/44

CHICAGO "CORN

United Steel ....

121

24/3

(Brit. 8tpd.).....

16

201

UB. Rubber,hidin

Smethwick Drop FOE

16/6

.44

Tientsin-Pukow, Rly. 5%

201

US. Rubber $8 pid.

Armstrong Stevens, ord. 7/9

May

· 401/491.

491/401

4947494

1024

(German Stpd)

Pressed. Steel; com.

still enjoying wide circulation in Goodrich $5 pf.

64

U.S. Steel

50

16/9

Tientsin-Pukow "Kl. 6%

July September

501/601

504/501

$1/51

511/511

-511/511

· 514/514

Vickers, ord.

own on the market. It is estimat-

Tientsin. Their credit is upheld Goodyear Tire & Co.

as usual by the authorities of the Great Northern Iron Ore ... 14 French and British Concessions.

undermine the Great Western Sugar .............. Apparently to. stability of these notes, the Federal Greyhound Corpn. Reserve Bank has been Issuing. Hecker Products without restriction, notes of its

ed that the bogus notes now in circulation total over $100,000,000.

.... 311

Vanadium

25

(Brit. Stpd. Supl Loan) 18

Woolworths

Warner Bros. Pict.

51

Tientsin-Pukow Rly. 5%

Anglo-Dutch

Great Northern Rly, pfa. 247.

Westinghouse Elec

108

.241.

Woodward Iron Cor.

213

181

Chase National Bank

311

--(Ger. Stpd. Supl. Lean) 16 Jap. 5% Ster, Loan, 1907 45 Jap..8% Ster. Loan, 1924 50-1/2 ·

11

National City Bank

233*

Ger. 7% Intl. Loan, 1824 (38) : Chartered Bank

8/3 Commonwealth Mining 1/4) Marsman Investments...

22/101 62/8 23/6 Rub; Plant, Invest." Trust - 27/5° Burma Corporation

WINNIPEG WHEAT

May July

621/82%

622/623

831/831

631/634

630/034

837/64/

October

541/641

041/641

14/3

91

Randfontein Estates

+_bla

93.70-83.39 40 Bonda 59.00 43,03 11

LONDON GOLD

London, Feb. 20 (Reuter). Bar Gold Fine per oz., 148/5. Dollar Parity, ld, premium.

DOW JONES' AVERAGE

Feb. 21, 1939,

HK. & B'hal Bánk (Lân.

Reg.)

HK, &*8'bal Bank (Col.")

1988 & 1929 High

High Low Close Change Low Dów Jones Averages,. Fab, 18, 15842, 91.86 20. Industrials' - 145,51-124.84 149:48 142.74 3.77 off

84.33 19.00 30 Baile

3055 -- 80.08 29,82. 29.55′′ 1.00 off

Chosen Corporation. .............. 95,59 | 16.34) 90 Vullition

25.43

35.30 21.079378: 70 of 90.48

80.1721 Of Pekin Byndicate AZAL Business Done:-650,000 "harOR

Commodity Index : 47,41

Spal Elec. Constr. Co. 25* Bhat Waterworks “A”.

ex div.

36/10

NEW YORK HIDES: (New Contracts)

Western Holdings

9/9

Sub-Nigel............

238/11

•Reg.) Oninare Eng. & Mining

Tanami Gold Mining.............. 4]d. Anglo-Iranlan

March June

DO

NY Silver, Me

17/3 6/2

Burmah

82/6

Shell Trias, & Trad

(bearer)

83/1

*Nominal

-div.

September

NY-London Cross Rate 468-13/14

NEW YORK-STRAITS FIN

145.35 N-70 45.05b/500/ 15:30 N

71094/97 10.83/83

10,84 B

11:38/36: 11.26/23 #12-3/4

11.27/27

42-3/4

4.08-3/4