STOCKS
Market Report
From Roza Bros.
Silver prices rose 1/16 yesterday for both deliveries, the quotations being 20 1/18 for Ready and 19 7/8 for Forward. Silver advices reported India as having
to a sinal extent. The
bought
market
was steady but quiet, American Silver was quoted at 42 3/4 for Spot.
The London/New
York Cross-
New
rate was quoted at 468.18. York/London was quoted at 468.
Geneva, 20.82.
Amsterdam, 8.824.
Milan, 88-15/16. " Berlin, 11.69.
Buenos Aires. 20.28. Other rate unchanged.
13-11/16
3 months 13-13/16 13-7/8
Final Afternoon Transactions Tin, Standard. Cash, £215 buy-
841
ers.
Tin Standard, 3 months, £214- 1/4 paid and buyers.
NEW YORK STOCK EXCHANGE
QUOTATION
MARCH 21, 1939 STOCKS
178 nom
62 7/8
On demand
106 1/2
On India:-
Telegraphic Transfer.
J82 3/8
Ready
52-11 53-01 Apr. 17 Settlement. 52-09 52-14 May 13 Settlement. 52-06 52-12
Un Batavia:-
Pa demand
54 3/18
On Parts:-
Bank Bills, on demand 1087
108.5/8
On Manila:----
On demand
57 7/8
On Bangkok :—
On demand
150 3/4
Sterling Notes:-
Bank Buying Rate
Bar Silver per oz.
t/1.31/32 90 1/18
and demand
On New York:-
Bank Bills, on demand 8 13/16 Calcutta Exchange Credits 80 days' sight 29 5/18
Credits 4 months' sight 1127
On Saigon:-
On demand
Calcutta, Mar. 20 (Reuter). T.T. on Japan. 78-3/8.
India Rapee Paper
Bombay, Mar. 20 (Reuter), Govt. 31 Rupee, 95-04-0'
London Exchange
London, Mar. 21 (BWS). Closing mean rates were:- Paris, 178-55/64.
New York, 4.68-3/16.
Montreal, 4.701.
Brussels, 27.85).
TIN Standard, Cash "214-3/4 Standard,
3 months 213-3/4
LEAD
3 months 14-13/16. 14-7/8
SPELTER
Official Price 13-5/8
Ordinary, Official
Ordinary,
PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
SILVER MARKET
LONDON SILVER
London, Mar. 20. (Reuter). Silver Little
Indian Marke: quietly steady... In CLOSING QUOTATIONS afternoon, the market was quietly
MARCH 21, 1939
On London:-
Telegraphic Transfer. 1/2 16:33 Bank Bills, on demand/2 25/32 Credits 4 months" sight 1/3 1/39
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
*
steady.
Spot, 20-1/16a. Forward, 19-7/8d.
SZECHWAN BANKS
FOR YUNNAN
KUNMING, Mar. 21 (Central)----| buying. Indicative of the economie dévelop
the ment in Yunnan, morje Szechwan banks are planning to establish branch offices in the province. Among these banks are the Széch- wan Provincial Bank, the Ho Cheng Bank, the Mei Feng Bank, the Young Brothers Banking Corpora- tion, the Szechwan Balt Industrial Bank and the Commercial Bank of Chuenkong.
NEW YORK SILVER New York, Mar. 20 (Reuter), Ometal Price, 42-3/4.
BOMBAY SILVER
Bombay, Mar. 20 (Reuter).
Indian Mint Silver
LONDON METALS
EXCHANGE · London, Mar. 20 (Reuter).
COPPER
Bayer Sellers
$1350/ 40
***
لا
MAR.
Banks
H.K. Banks
Da (Cal. Beg.)
$1900
£83
Do. (Lon. Reg.)
£81
x.div. F8
S27 Marcantile Bra. "A"
£43
Chartered Banks
X.D. £3
£13
Mercantile Bk. "C"
6271
£13
$80
Baak of East Asin ...
880
N. C. & S. Banks
$2.
'Insurances
*297 Canton Insurances $170 Union Insurances
Underwriters
$195 H.K, Fires
$225
$480
*190
Shipping
$89
Douginses
$68
$15
buyer's sellers
£
£ Standard. Cash 42-5/8 42-3/4 Standard.
| Steamboats
314
860
[Indo-Chines
(Prof.)
$50
Indo-Chinas (Def.)...
$90
80/7
Shells
80/71
$9
Waterboats
K
3 months 42-15/16 43 Electrolytic 48
48-3/4
215
214-1/4
43
$37.80
Docks, Wharves. Godowns, etc.
$118 H.K. & K. Wherr $5.90 Providenta (old) $5.70 Provident (now)
H.E. & W. Docks...
Do. (new)
SPOT
...
$119
APRIL-JUNE
$6 35.80
JULY-SEPT.
$18
Foreign,
Official Price 14-5/8 Foreign Oficial
14-11/16
$165 Shanghai Dooks S.
16 Na Engineerings 8.
Mining
$173 #101 BEL
17/0 Kailana
17/0
9.35 Rauds
381
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS- ASSOCIATION
STOCK EXCHANGE
Ralen Nominal
TUESDAY 21.
Buyers Sellor Sales
Nomina
WEDNESDAY, MARCH 22,
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIE
(FROM PAYNE & CO.)
:
83 Venezuela Gold Fide
6 ots. Hong Kong Minas ... Lands. Hotels and Buildings
$16
"88
Paak Trama (old)
$4
Peak Trame (DOW)
387
Star Ferries
28.55 Humphreys ..... $100 Chinese Estates
Colton Mills
$18 Ewo (9.)zer $104 S'hai Costoas (8.) $! Zoong Singa (8.)
Wing On Textiles (8.) Public Utilities Tramways
36
H.K. Hotels
80H.K. Lands.8.
1301
$107 Do.4% Dedeniurse
$103
$9.10 Shanghai Lands S H.K. Realtion
$18.40
898
1291
$484
$161
SPOT
New York Marc
SINGAPORE KUBBER
March 18
buyers sellers
March 20
buyers sellers
27-3/8 27-5/8 26-1/2 26-3/4 27-1/2 27-3/4 26-5/8 28-7/8 27-8/8 27-7/8 26-3/4 27
.
The market opened, 5/8 of a cent lower for all delive compared with Saturday's closing rates.
Early in the morning the market ruled with a weak und being solely dominated by the European political situation: there was some demand for "spot" Rubber by consuming inter evidence, dealers and speculators were freely liquidating the posttions.
!
Later in the session prices registered a further decline: cent for all deliveries due to persistent further selling pressure ever towards the close of the session the lower price level at fair buying interest, resulting in a price advance of 1/4 c all deliveries. Closing tone was steady.
Rubber brokers in London and New York believe that th ket will recover sharply on any improvement in the Ed political situation.
LONDON KUBBER
Previous close To-day's close buyers
sellers buyers sellers
7-15/16 7-15/16 B-1/16
APRIL-JUNE
8
$4
JULY-SEPT.
1874
OCT.-DEC
7-7/8
7-7/8
7-15/16 8
7-15/16 B
8
8-1//18 8-1/16 8-1/8 8-1/16- 8-1/8 8-3/16
Last Bale
Last Sale
325 30 Y'mati Ferries (0)
$24
136"
1/4
Market
Steady.
Sterling
Mar. 20
4
Mar: 20
Do. (now)
$24
Adams Expreas
81
International Harvester
599
$8.70 China Lights (0)
$9.60
After ruling easy, the market improve on trade coveri better New York advices.
11
5
China Lights (New)
351
Alleghany Steel Cu.
201
Int. Nickel
·481
China Lights Hts.
NEW YORK COTTON
Allied Stores
9.
Int. Tel. & Tel.
8
$58.90 H.K. Electrics
$561
Allis Chalmers
40+
Johns Manville
88"
$18
Macro Electrics....
There were sellers at 1/2.29/32 Amerada Corps.
March and 1/2.7/8 April/June. Amer. Can...
probably July, buyers at 1/2.15/16 Amer. & Foreign Power
for Cash and 1/2.29/32 April/Ameri & Foreign $7 pf... July.
U.S. Dollars.
American Gas & Elec.
-There were sellers at 29 1/16 Amer. Radiator..... for March. 29 April, 28 15/16 Amer, Rolling Mill May/June and 28 7/8 July, buyers | Amer. S'ting and R'ing Co. at 29 1/8 for cash. 29 1/16 April/ |Amer, Sugar Ring
Arst half May, 29
62
J. & Laughlin Steel $7 pfd. 48
$11.10/101
Sandakan Lights
$23
881
Kennecott Copper
Telephone (old)
351
3291..
37
Telephones (new)
$71
27
Libbey-Owens-Ford
Glass 481
22/6
Traction
237.
16.
Lockheed Aircraft
301
23/6
Tractions (praf.)
351
Loew's Inc.
464
Industrials
Amer. Locomotive
Amer. Metals Co.
221
Martin, Glen L
35
314
Cald., Mang. (Ord.) 8.
:
33
Monsanto, Chemical
มเง
100"
Cald., Macg. (Fref.) 8. Į
"$1
141
Montgomery Ward
487."
Canton Icem
162
at. Dairy Products
141
814) Cements
421
Nat. Distillers
261
20
National Gypsum
131
June and 28 Amer. Tel. & Tel
1541
National Load
221
1516 July.
Amer. Tobacco “B”
843
Nat. Power & Light
8
$24.90
***
811
Shanghai Dollars
Amer. Waterworks ·
118
National Steel Corp.
721
Sellers at 180 1/8.
Shanghal Market
Quiet. Sellers of Sterling at 8.1/4 for Spot and US Dollars 16.3/32 sellers for Spot.
Anaconda Copper
261
Nat. Supply Corp.
10
(44
| Atchison, T. & §. Fe.
331
New York Central
17
Auburn Motors ...
Niagara Hudson Power
81
39
Baltimore & Ohio
51
N. American Aviation
181
:
Barber Asphalt Co
16
North American Co. ....
221
4.pk
Barnsdall Off
151
Northern Pacific
101
par
Bendix Aviation
231
Pacific Gas & Elec.
-311
***
Bethlehem Steel
661
Pacific Lighting
451
Afternoon Market
Quiet.
Sterling'
Boeing Airplane Co.
Packard Moters
252
32
Borg-Warner
Paramount Pictures
283
91
|Biggs M'facturing
24
Pennsylvania RR.
90 pts.
20
The market closed with geilers Brooklyn-M'hattan Trans. at 1/2.29/32 March/April and 1/2.
7/8 May/June, buyers at 1/2.15/18 Cash/April and 1/2.29/32 first half May/June.
U.S. Dollars
Celanese Chesapeake & Ohio Chrysler Corpn.
The market closed with sellers Columbia Gas & E
Phelps-Dodge
103
37
'klyn-M'hattan $8 cum pi. Canadian Pacific R'way. ... Case, J.I.
Phillips Petroleum
371
Public Service of N.J.
48
347
Pullman Inc.
81
321
Pure O
20
91
$4.10 Ropes
Miscellaneous
Dairy Farms ....
$7.06 Ch. E'tainments ......
Constructiona (old) Constructions
Lane Crawfords ......
Nanyang Tobacco
81.80 Sinceres
Watsons
67%. Ch. G.5% 1925G $Bds.
H.A. Govt. 4% Loos
H.K. Govt. 3% Leep
H.K. Wing O*****
Bhat Wing O
$7.20 Vibro Piling ....
150 Maramans Inv. (Lon.) 5/3
Maramans Inv. (EX) W. Powells
*Bales to Shanghai
LONDON STOCK EXCHANGE
#
(16W)
81 30
$14
$4.30
$24.90
87.10
$1
17/
84
13
$1.80 39
Previous To-day's
671%
close
close
$104
Dow Jones Industrial Averages
141.69
141.28
$100
$46
854
The market opened irregular, with prices declining on of demand. Later, the market advanced on higher 'Liverpool. coupled with buying by "spot" houses and the trade. Tradi the whole, was quiet.
NEW YORK RUBBER
Early in the day, the market reflected the firmness in Later. It turned irregular and drifted lower, in sympathy wit Street. Dealings were restricted.
CHICAGO WHEAT
This market followed the continued strength of foreign However, there was little active interest. Trade sentiment bearish.
N. Y. Commodity
Mark
90 ́cis
Radio Corpn. of Am.
347
7
745.
Republic Steel
187
(REUTER'S SERVICE) –
Reynold Tobac. "B"
7
381
London, March 20.
New York Cotton, July
at 29 1/16 March/first half April, Columbia 6% "A" pf.
Richfield ou
361*
81
29 April, 28 15/18 May, probably Commercial
50
Safeway Stores
331
June and 28 7/8 July, buyers at Commonwealth & B., (ord.)
Schenley Distillera
18
141
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 is transmission.
New York Rubber, May New York Hides, June
29 1/6 Cash, 29 1/16 April/first Cwealth & 8. 8%, cum pf.
55
| Schenley, 54% pid.
714
£
£
Shanghai Dollars
half May, 29 June and 28 15/16 Consolidated Edison July.
180 1/8.
Shanghai Exchange
Shanghai, Mar. 21 (Reuter).
311
Bears Roebuck
72
Consolidated Oil
Shell Union Of
8
124
Continental Can
381
Bocony-Vacuum Oil
121
Continental Oll
Southern Pacific
271
157
Corn Products
63
Southern Rly $5 pfd.
25+
Curtiss Wright (C)
Sperry
6
42+1
Curtiss Wright "A"
Standard Brands
241
69
War Loan, 34% (Red.
after 1952) Canton-Kloon Rly. 5%
1898 (Brit, Issue)................. 21 Chinese 41% Gold Loan, 75 Chinese 5% Gold Bonds,
1925-47
Union Insurance Gula Kalumpong Rubber 17/6
301*
Chicago Wheat, May Chicago Corn, May Winnipeg Wheat, May
(By Courtesy of Messrs. Swan, Culbertson & Fritz an 8." E. Lery & Company)
Prev. To-day's High Low Close Close 8.08 7.90 7.96 8.05 15.97 15.83 15.85 15.85 11.50 11.37 11.23 11.43 681 677 681 - 681 477471 471 471 812 611
611
NEW YORK COTTON
611
Allied Ironfounders
18/9..
+
Asso. & Elec. Industries 40 Austin Motors, ord.
Close
Opening Closing
30/71
6T+
Cable & Wireless, New
Form, ord.
May
8:14/14
8.10/10
8.25/26
July
7.95/98
7,90/91
8.05/05
.43
Decre & Co.
18tand Gas & Elec.
October
7.65/85
7.60/62
7.76/76
20%.
31
Chin. 41% Anglo-French
B.-A. Tob. (bearer).
Opening
Distillers Corpn. Seagrams
Standard Oil of California.
93/1
December
· 7.59/80
7.59/59
7.71/72
171
23:
Loan, 1908
56
Cammell Laird, ord.
7/9.
London
.0/8
Douglas Aircraft
Standard Oll of NJ.
January
7.58/58
7.60/60
7.71 N
68
457
Chinese 5% Crisp Loan,
Mexican Eagle
7/1
New York
15-5/8
Du Pont de Nemours .......
147
Stone & Webster .....
March
7.81 N
7.82 A
7.75 N
13
1912
37+
Courtaulds
Japan
Paris
56-7/8 5.48
Eagle Picher Lead
101
Swift International
25/9
271
Chinese 5% Reorg. Loan,
Distillers
Spot
8.89 N
9.00 N
89/6
Eaton Mig. Co.
23
Technicolor
171
1913 (Lan. Is.)
52
Dunlop Rubber
NEW YORK" RUBBER
261
Hongkong
53-3/8
Elec..Autolite
331
Texas Corpn.
42
Chinese 5% Ster. Notes,
Elec. Bond & Share ....
Open Market-Selling Rates Sterling
8%
Texes Gulf Sulphur
.291
1925 (Vickers)
17
Elec. Bond & Share $5 pl.
Trans-America Co.
Chin. Imperial Ely. 5%
Elec. Bond & Share $6 pt.
20th Cent. Fox
67
211
Spot March April
Opening Closing Elec. Power & Light $7 pf. 9/8-1/4
34.
20th Cent. Fox $13 pf..
Loan Honan Rly. 5%
70
23
0/8-17/64 | Engineers's Public Service
Unión Carbide & Carbon
814
91
Hukuang Rly..5% 1911... 23
Đ!8-1/40B-17/64 Flintkote
243
Union Paclic
961
Huktiang Rly 5%, 1911
May
0/8-1/4 0/8-1/4 Food Machinery Corp. 0/8-7/32 0/8-15/64 Gen. American Trans.
271
United Aircraft
38
(German Issue)
18
534
United Airlines Trans.
107
U.S. Dollars
Gen. Electric
388
United Corpn...
21
Lung Tsing & U. Hal Rly.
8%
Spot March
$16-3/32
$16-1/8
Gen. MotorS
401
United Corpn. 3 cum pf..
35}
16-3/32
Apri
18-1/32
18-1/8 18-1/18 Glidden Co.
Gen. Railway Bignal
193.
United Gas Corpn.
24
181
United Gas Improvement 121.
Goodrich (B.F.)
May
18-31/32
13
201
US. Rubber
44
Merchant Rates
(Reuter)
Market Quiet but steady.
Sterling, 0/8-1/4.
·U.S. Dollars, $18-1/18/
Silver Duty Rate
The Central Bank of China's
Greyhound Corpn.... Hecker Products
rate on London at 10 am, to-day Homestake Mining was 1/2-1/24.. unchanged from Industrial Rayon yesterday.
The Equalisation rate was 5-1/4 per cent
New York Exchange
T.T. on London (Opening Rate); 4.68-178.
92.23 89.23 (20) Bondag
Goodrich $5 pf.
701
U.S. Rubber $8 pfd.
109
Goodyear Tire & Co.
318
U.S. Steel
.554
Great Northern Iron Ore ... 141
Vanadium
24
Great Northern Rly, pid.
251
Warner Bros. Pict.
51
Great Western Bugar
241 Westinghouse Elec...............
1044
187
Woodward Iron. Cor...
-102
102.
Chase National Bank
30**
621 241
National City Bank
244*
-bid.
t-ex div.
- DOW JONES AVERAGE
1939
High Low Dow Jones Averages, -Mur, 18.
15485:138.49 | 30 | Industrials
141209
84.33 -27,31 20. Faile
29.58
Már. 31, 1933, High Low Close Change 143,14 140,57 141.48. (40 off 20,98 29,38 29.48. 13 of
28.52. 22.30. 90 Utilitie
83.38
49,134858) 11 Commodity Index (47.57"
Shai-N'king Rly. 5%... 24 Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientain-Pukow Bly. 6%
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl Loan) 16 Tientsin-Pukow Rly. 6%.
(Ger, Stpd. Supl. Loan) -10
Jap. 6% Eter. Loar, 190736
Jap. 8% Ster, Loan, 1924 45
Ger. 7% Inti. Loan, 1924 35 Chartered Bank
| HK & S'hal Bank (Lân.
Reg.)
HK, & s'ha Bank (Col.
Chinese Eng & Mini
(bearer). Chosen Corporation 4.21 28.55) 21.07 28 of Pekin Byndicate
90.92901507 Shal Geo. Cunate. Co.
2. 1.28 491 waterworks" "A"
Business Done:—–950,500/ähren
16
€8ལ་ཚོས་ཕ་སྐ བྱཱ བྷུx2$ 38ནི
Gen Electric (England) 76/6 Guinness (A) Son & Co. 100 Hawker Siddeley Air 20/6 Bristol Aeroplane
March
May
15.77b/83a 15.84/85
15.77 N
15.87/26
15.83/85
September
15.80/81... 15.88/87
15.82/83
Imperial Chemical Ind.
21/6 Imperial Tobacco
29/191 127/6 Marks & Sp'cer "A" ord. 57/3 Rolls Royce.
108/11
December
15.80/80
15.87/89 15.81/83
To-day's Sales:-1,900 tons.
The last Notice day for March Rubber is March 28.
Leyland Motors
CHICAGO WHEAT
Tate & Lyle
59
Turner & Newall
75/104
United Steel
23
May July September
68/681
68/672
68/881
88/081
€8/671
681/681
887/69
891/89
Smethwick Drop Forg. 16 Armstrong Stevens, ord. 7/9 Pressed Steel, com. Vickers, ord.
Saturday's Sales:--11,872,000 bushels.
CHICAGO COEN
16/1
20/6
May
479/471
477/471
473/472
Woolworths
'50/41
July
481/491
Anglo-Dutch
-23/8
September
504/501
Rub Plant Invest. Trust 26/3 Burma Corporation
7/9.
Commonwealth Mining.. .173
May
613/61
Marsman Investments
15
July
817/62
Randfontein Estates
34/41
Octo
827/623-
Western Holdings
9/2
Bub-Nigel
222/6
Tanami Gold Mining..
414
Anglo-Iranian
87/6
Burmah
78/9.
Shell Trans
2708
401/491 491/491
501/501 301/504
611/611 614/614
621/617-26217623
831/831
NEW YORK HIDES: (New Contracts) ⠀⠀
14.04., 11.27/28;
June... September
11.85/86 NY Biver, Omcial an unquoted. NY-London Cross Rate £88-1/4-
September
«NEW YORK-STRATIS TIN
48,00
45.7756/46.258 46.10 N
WINNIPEG WHEAT
11.45/60 11.42/43 11.85/85
11.84/84
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