1939-04-25 — Page 12

PAGE 12-HUNGKONG DAILY PRESS

MONEY AND

EXCHANGE

H. K. STOCK

EXCHANGE

Although prices generally were fairly well maintained; the volume

CLOSING QUOTATIONS of business ans, on a restricted

APRIL 24, 1939

On London:-

Telegraphic Transfer. 1/8 5/5 Bank Bills, on demand1/8 3/8 Credits 4 months' sight 1/1 15/18

On Shanghai:---

On demand

On Singapore:—«

270 пот

On demand

52 3/8

On demand

104 1/2

On Japan:-

On India:

Telegraphic Transfer: Is 13/8

and demand

On New York;-----

Bank Bills, on demand 28 7/16 Credits, 60 days' sight 38 16/18

Un Batavia

scale, giving the appearance of a wait and see' policy.

BUYERS

11

Cunton Ins., $220.

H.K. & K. Wharves, $100. H.K. Docks. $18) H.K. Lands, $32).

H.K. Tramways, $181. Telephones (O), $211, Cements: $129. Canton Ices, $1. Entertainments, $61

H.K. Govt. 4 Loan $31.... HK. Govt. 314 Loan par.

SELLERS

Hongkong Bank, $1370. H.K. Docks, $17,

HK. & S. Hotels, $5.55. H.K. Lands, $34.

China Lights (0), $84. China Lights (N), $5.

SALES

Hongkong Bank, $1355. Pinw'dents, $4,60

LOCOMOTIVE

ORDERS

FOR GLASGOW

Messrs. The North British Loco- motive Company, Limited, Spring" burn, Glasgow, have booked an order for 11 locomotives, 4-8-2 class, with double-bogle tenders for the Federated Malay States Railways, as well as five tank locomotives 4-6-4 class, for the same railway.

With a number of other impor- tant orders on hand, the company is at present extremely busy, and nightshifts have been found necessary in several departrients.

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Monday, April 24, 1939.

Providents Realt'es

Electrics

Macau Electrics

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayare Ballers Bali MONDA

SHAREBROKERS- ASSOCIATION

Chartered Banki

Horcantile Bkя “A”

Marekatila Bi, “C”

Buyer Sellaru Sales Womains

$1360

LABI

味

£15

$80

#

TUESDAY, APRIL 25, 1939.

4

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONGKONG ·

COMMODITY MARKET REVIEW

24.

APR.

Banks

$1370 1966

H.K. Banks

Da. (Col. Reg.)

ESOL

Da (Lon. Reg.)

£7

忠祥

$80

Bank of East Asia

N. C. & S. Baskı

Insurances

$220

Caston InsuPROCES ...

**325

$440 Union Insurancss

11.30

$1.30 Underwriters

X.D.

$410

$180 R.K. Firen

#186

Shipping

378

Dongle

$78

$16

Steamboats

$15

$80

Indo-Chinna" (Prof.)

950

120

81/3

$9,40

SPOT

JULY-SEPT.

$100

1,000 $4.60

4+/4.60

500 4:20

$10

$164

18 54,75

1.000 16.00

2,000 P8,0.031

20,000 Ps.0.23)

On demand

03 1/2

On' Paris:-

Bank B3ls, on demand 1075 Credits 4 months' sight 1117”

On Saigon:

On demand

107 1/4

H.K. Mines Itogon's

On Manila:-

On demand

57 1/8

"H.K. & S. Hotels, $51.

H.K. Realties, $420.

On Bangkok ——

KK Tramways, $16).

On demand

162

Sterling Notes:---

PHILIPPINE GOLD MINING

PHILIPPINE GOLD_MINING

QUOTATIONS.

Monday, April 24, 1939.

Bank Buying Rate

.../13/16

QUOTATIONS

Centavos

Bar Silver per oz.

Centavos

Antamoks

321

$5,40

Antamuks

32

Atoka

301

ເວ

$34

Atoks

301

Coco Grove

331

Coco-Grove

331

Itogons

24

I. X. L.....

541

I, X. L

54

Itogons

San Mauricio

92

North Camarines

46

United Paracales

60

San Mauricio

92

North Camarides

46

United Paracales

60

Market Comment-Dull.

Market Report

FROM ROZA BROS

The price for Ready Silver was unchanged over the week-end at 20 but the Forward rate dropped 1:16 to 19 13/16. Sulver advices reported speculators as having sold, American Trade bought. The market was steady. American Silver was quoted at 42 3/4 for Spot,"

The London-New York cross-rate was quoted at 468. New York- London was quoted at 468 1/16.

Market

Steady but dull.

STERLING

Nothing doing. There were" sel- lers at 1/2 23/32. April-August and 1/2 11/16 September-December. buyers at 1/2 3/4 Cash-September and 1/2 23/32 October-December.

U.S. Dollars

NEW YORK STOCK EXCHANGE

A small business was done at 28 Amer. Rolling Mill ..3/4 for cash. The market closed | Amer. S'ting and R'ing Co.

at 1 pm with sellers at 28 11/16 April-first half May, 28 5/8 first half June, 28 9/16 July and 28 1/2 August buyers at 28 3/4 Cash-frst half May, 28 11/16 first half June, 28 5/8 first half July and 28 9/18 August.

178 5/8.

Shanghai Dollars

Shanghal Market Sterling 8.14 sellers and US. Dollars 16 3/32 sellers for Spot. Steady.

In the Afternoon

Amer. Bugar R’ing · Amer. Tel & Tel Amer. Tobacco “B” Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohio

The market was quiet in the Brooklyn-M'hattan Trans. afternoon.

No business was reported folah-

ing with sellers at 1/2 23/32 April-Chesapeake & Ohio September and 1/2 11/16 October- December, buyers Cash-September October-December,

and 1/2 23/32 Columbia % "A” pt.

U.S. Dollars

The market closed with sellers at 28 11/16 April-May, 28 5/8 June, 28 9/16 July, 28 1/2 August and 23 7/16 September, buyers at 28 13/16 for cash, 28 3/4 first half of May, 28 11/16 first half of June, 28 5/8 July, 28 9/16 August and 28 1/2 September.

Shanghai Dollars

Sellers at 179 3/8.

Shanghai Exchange

Commonwealth & 8. (ord.) C'wealth & 8.8% cum pt. Consolidated Edison Consolidated Of Continental Can Continental Of Corn Products ........ Curtiss Wright (C) Curtiss Wright "A"

QUOTATION

Izdo-Chinas (Daf.)...

81/3 Shelle

$8.40 Waterboats

Docks, Wharves,

Godowns, etc.

H.K.K. Wharton $100

Providents

$4,60

Providente (per} ....

H.K. & W. Doaks...

#18

Do. (now)

$101 રકા

17/0 30:35 13

(FROM PAYNE & CO.)

New York, April 22, 1938.

SINGAPORE RUBBER

*

April 21

buyers

sellers

April 23 buyers sellera

change

27-173

27-3/8

27-1/4 27-1/2 Up 1/8

27-1/8

27-3/8

27-1/4 27-1/

27-1/4 27-1/2

OCT.-DEC.

27-3/8 27-5/3

The market opened with prices unchanged for all deliveries as compared with Friday's closing quotations.

Very quiet conditions prevailed throughout the session. Dealers and speculators were disinclined to operate in view of the uncer- tainties, surrounding the European political situation. Also May liq"ation as well as the possibility of an increase in quota for the third quarter of this year exercised a restraining influence upon activity.

It is, however, a reassuring fact that demand for "spot" Rubber, is fair and that substantial buying for near deliveries by consumers develops on easiness. Indication of a sustained good American consumption is again provided by a fair increase In Motorcar-pro- duction for last week.

In view of these facts higher markets may be confidently.ex- pected pending clarification of prevailing uncertainties.

Late in the session prices for forward deliveries registered s slight advance of 1/8 cent on some buying for trade account, the market closing with a quiet but steady undertone.

Market quiet.

LONDON RUBBER

13

Previous close To-day's elcse

buyers sellers buyers sellers change

7-15/16 8

7-15/18 8

8-1/18 8-1/8 8-1/4 8-1/8 8-1/4 8-5/16 8-3/16 8-5/16

8-1/16 8-1/8 8-1/8 ..-8-3/10.

NEW YORK COTTON

"unch.

There was a better tone in the market at to-day's opening. Prices advanced on new buying and demand from the trade, How- ever, news, generally was featureless, and price fluctuations were confined to very narrow range. The market was inclined to ease off slightly towards the close, although most of the prices remalaed at the day's highest levels.

NEW YORK. RUBBER

The market opened easy, and prices moved slightly lower due to lack of demand and scattered profit-taking. However, the trade. showed little more interest, and the market closed with a better tozie.

CHICAGO WHEAT

The market was steady, and there was good demand and also covering by short interests. The other favourable factor, which helped the improvement in prices, was the steadiness of the Liver- pool and Winnipeg marketa.

Dow Jones Industrial Averages

Previous To-day's

close

close Change

128.71

128,55 оп,16

རྩྭ;

1014 Shanghai Docks 8.

$6.70 New Engineering &

17/0 Kailans

$8.65 Rauba

Mining

$3 Vasezuela Gold Fida

4eta Hong Kong Min

*

Lands. Hotels and Buildings

B.K. Hotels...... H.K. Landa 8. 9104. Do, 4% Debentures

#8.40 Shanghai-Lande

H.. Realtins

88.68 Humphreys $10% Chinese Estates

Cotton Mills

$20 30 Ewo (8.)

#105 S'hai Cottons (8.)

$40

8.

430 Zoong Sings (8.)

Wing On Textiles (8.)

Public

#5.49

$51

$31

$104

18

$19.90 8107

120)

$481

titles

$16

Tramways

$16.30

$16

Peak Trams (oid)

19

$4

+

Poak Tram (now)

14

SPOT

STOCKS

Last Sale

APRIL 23, 1939

STOCKS

385

Star Ferries

18

Last Sale

$95.

Y'asti Forries (0)

Apr, 22

534

Do. (new)

Apr, 22

Adams Express

Ent. Tel & Tel.

Chins Lights (0)

".61*

$5.40

Alleghany Steel Co. Allied Stores

161

Johns Manville

711*

1

71

J. & Laughlin Steel $7 pfd. 381*

43

$55

Allis Chalmers .....

32

Kennecott Copper

31

$17

Amerada Corps, .......................... Amer. Can

63

} Libbey-Owens-Ford

$12

Glass 40*

91

Lockheed Aircraft

25

Amer. Foreign Power ... Ameri & Foreign #7 pf.... American Gas & Elec,' Amer. Locomotive Amer. Metals Co. Amer. Radiator

28

Loew's Inc.

391

21/0

hina Lights (New)

Chima Lights Ri

H.K. Electristown

Macao Electrics Sandakan Lights

#22) Telophones (öld) 371Telephones" (new)

Tractions

53 3

U.D. C.D. $18.40

€25

JULY-SEPT.

$34

OCT.-DEC.

JAN.-MARCE.

$5.40

321

$7

22/,

141*

Manhattan Shirt Co.

21/0

Tractions (pref.)

332

Martin, Glen L.

34

Industrials

172

McKesson, Robbins

$14

92

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

231*

Monsanto Chemical

$18

93

Caid, Macg. (Fref.) 8.

12

$1

Montgomery Ward

¡Canton Ice

$131

442

$121

135

at. Dairy Products

151

$3.60 Bopes

39

Nat. Distillers

244

Camenta

Miscellaneous

812

$3.50

18

National Gypsum

114

$201

Dairy Farma za kita.

$21

157

National Load

214

$147 Dairy Farm Ita.

$16

Nat. Power & Light

73

$69

National Steel Corp.

#12

60*

231

Nat. Supply Corpn.

81

Ch. Etainment ...... Constructiona (old) Constructions

Lane Crawfords

ફ

#1}

(new)

18

271

New York Central ...

14"

Nanyang Tobacco ....

84

41

Niagara Hudson Power

$1.80 Sinceres

$1.80

01

51

N. American Aviation

$71 Watsons

3.90

14

Barber Asphalt Co Barnsdall Of

131*

North American Co.

62), Ch. 0.5% 19250 $8ds.

€24%

218

14

Northern Pacific

212pm

H.K. Govt. 1% Loans

$103

81

Bendix Aviation Bethlebem Steel

201 Pacific Gas & Elec.

par.

H.K. Govt. 34% L

par.

301

642

H.K. Wing O

251

Pacific Lighting

437

S'kai Wing Co......

Boeing Airplane Co.

211

Packard Motors

27

3

Vibro Filing

Borg-Warner .......

221

Paramount Pictures

13/1

Marsmane In..(Lon.)

81

Biggs M'facturing

C/0

19

|Pennsylvania R.R.

178

$1

101

Phelps-Dodge

314

#Sales

B'klyn-M'hattan $6 cum pt.

37

Philips Petroleum

331

Sterling

Canadian Pacifle R'way. Case,-II.

31

}Public Service of N.J.

341

¡Pullman Inc.

063

Celanese

161

Pure Of

LONDON

72

311

Radio Corpn. of Am.

81

Chrysler Corpn.

621

Republic Steel

st 1/2 3/4

151

Columbia, Gas & E

B1

Reynold Tobac. "B"

382

82.*

Richfield ON

London, April 21. *

72

Commercial

Safeway Stores

321

14

Schenley Distillers

53

Schenley. 54% pid.

30

Sears Roebuck

Maramans Inv. (H.K.)

Wm. Powelle

to Shanghai

STOCK

EXCHANGE

(REUTER'S SERVICE)

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

N. Y. Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Frix and

8. E. Levy & Company)

New York Cotton, July New York Rubber, May' New York Hides, June Chicago Wheat, May Chicago Corn, May IWnnipeg Wheat, May

Prev. To-day's High Low Close Close Ohange 7.91 7.88 7.87 7.91 04 up 15.78 15.72 15,79 15.73.1.06 of

9.85 .9.81 9,80% 9.15 05 up

661

71

Seversky Aircraft

48

361*

Shell Union Oll

114

231

|Socony-Vacuum Oll

117

58

Southern Pacife.

124

51

Southern Rly $5 pfd. -

191

23

Sperry

War Loan, 31%

after 1952) Canton-K'loon Rly. 5%-

1898 (Brit. Issue) 19 Chinese 44% Gold Loan, 65 Chinese 5% Gold Bonds,

(Red

931

"391

Deere, & Co.

172

Standard Brands

1925-47

62)

Union Insurance ........... 301* Gula Kalumpong Rabber 18/3 Allied Ironfounders ...... 18/3 Asso. & Elec. Industries 37/71 Austin Motors, ord, Cable & Wireless, New

Form, "ord.

May

July

30

October

December

4.2

Distillers Corpn. Seagrams

164

Stand Gas & Elec.

Chin. 44% Anglo-French

B.-A. Tob. (bearer)

January

91/3

21

Douglas Aircraft

.60

Standard Oll of California

Loan, 1908

571

Cammell Laird: ord,

March

7/9

Du Pont de Nemours

261

139

ĮStandard On of NJ.

Chinese 5% Crisp Loan,

Mexican Eagle

Spot

8.17/17

691 691 691 691 491 49 491 401 611 81 61 61 P NEW YORK COTTON

Close Opening Closing

8.12/13 8.13/14

up

off

Change

.03 of

7,87/87

7.89/90 7.90/91

04 E

7.48/46

7.48/49

7.55/56

10 up

7.37/37

7.41/42

7.45/45

.08 up

7.37/37

7.41/417.

7:45 N

08 up

7.43/43

7.46/46

7.51/52

09 up

8.87 N

8:83 N

.04. 017

7

467

Eagle Picher Lead

Stone & Webster

1912

354

Courtaulds

24

.101

Baton Mfg. Co.

192.

Swift International

Chinese 5% Reorg, Loan,

Dishilers....

89

May 16.

272

Elec. Autolite

271*

Technicolor

Shanghai, Apr. 24 (Reuter),

17.

Elec, Bond & Share

8

Texas Corpn.

Opening

Elec. Bond & Share $5 pt.

371

Tezes Gulf Sulphur

1913 (Lan. 15.) 501 Chinese 5% Eter. Notes,

1925 (Vickers)

Dunlop Rubber

24/9

The First Notice Day for cotton is April 25 and the last Day is

NEW YORK RUBBER

17

London

0/8

281

Elec. Bond & Share $6 pf.

63

-¿Trans-America Co.

Chin. Imperial Riy, 6%

New York

15-5/8

Elec. Power & Light $7 p.

2420th Cent. Fox.

Loan .......

Japan

Paris'

58-7/8 5.48

181

Flintkote

Honan Rly.. 5%

21

191

20th Cent. Fox. $11⁄2 pf.

Food Machinery Corp.

214*

Union Carbide & Carbon

Hukuang Rly, 5%, 1911. 22

Hongkong

59-3/8

*34

Gen. American Trans.

421

Union Paclac .......

873*

Open Market-Selling Rates.

Hukuang Aly, 5%, 1911

(German Issue)

201

Gen. Electric .......

*347

United "Aircraft

351

Sterling

Gen. Motors.

418

United Airlizies Trans.

Lung Tsing & U. Hat Rly.

10

Opening

Closing

Gen. Railway Bignal

16

United Corpn.

5%

174

22

Spot

0/8-1/4

0/8-1/4.

Gildden Co.

United Corpn. $3 cum pf.

322

April

0/8-1/4

0/8-1/4

Goodrich (B.F.)

161

United Gas CorpД............

May

9/8-15/64 0/8-15/64 Goodrich $5 pr..............

61

United Gaa Improvement

21

June

0/8-15/64 "0/8-16/64 Goodyear Tire & Co..........!

242

US. Rubber

352

0.8. Doliam

Great Northern Iron Ore ... Great Northern Hy, pfd. 19

131

U.S. Rubber $8 pid-

94

U.S. Steel

471

Spot

April

May

June

$16-1/16: $18-1/18 16-1/16 16-1/18 16-1/32 16-1/32 10

-10

Great Western Bugar ..***

26

Vanadium

19

Greyhound Corpa, .................

17

Warner Bros. Pict........

47

S'hai-N'king Rly: 5%............. 25j

Tientsin-Pukow RiF, 5%

(Brit. Stpd.). Tientsin-Pakow Rig. 5% (German Stpd.) ................ Tientsin-Pukow Rly. 5%

(Brit, 8tpd. Supi, Loan) 17) Tientsin-Pukow Riy:-5%

(Cer. 8tpd, Bupl. Loan) 17

171

Hecker Products

10

Westinghouse Fec,

89)

Jap. 5% Bter. Loan, 190734

Homestake Mining...

Woodward Iron Cor.

Market-Quiet but steady."

Merchant Rates

Sterling, 9/8-7/38

Dollars, $16.

Silver Duty Rate

The Central Bank of China's rate on London at 10 a.m. to-day was 1/2-1/23, unchanged from yesterday.

The Equalisation rate was 5 per

cent.

82.32 87.00 40. Bonds

104.

Jap. 6% Ster, Loan, 1924 401

Industrial Rayon

19**

International Harvester Int. Nickel

552

Chase National Bank .......... 301* National City Bank

233*

Ger. 7% Intl. Loan, 1934 311 Chartered Bank

71

451

*-bid.

-ex, div.

HK & Shai Bank (Län,

Reg.)

1939

High

34,38 24.14 20. Baile ".

26.52 20.71-90. Utilliten

29.37 88.03

49,12 45.59 11 Commodity Iddox 47.03

Baxinas Done;--150,000 shares

DOW JONES AVERAGE

Low Dow Jones Averages, Ape 21. High Low Ole Obang Chinese Eitz. & Mining 184.85-121.44 30 Industrials 138,71 -- 129.71 128,39 128,50 VIA DE

.25.75 25.81 25.73 25.73 01 off Chosen Corporation

22.37 22.26 32.28 36 off Pekin Syndicate (

DO 88.135, 10 up a ciec. Constr. Co.

$7.99 14 up

s'bal Waterworks

Apr. 23, 1933,

HK & Bhai Bank (Col

Reg.)

(bearer) kinn

17

ཚོས ༔ སྔོནཝཱ ཝཱ ནཝེཨྰཿཙུདཿ ཚེ ཚོ ཎབའི

Gen. Electric (England) 76/71 Guinness" (A) Son & Co... 101 Hawker Siddeley Aira.... 23/71 Bristol Aeroplane

20/11 Imperial Chemical Ind 28/3 Imperial Tobacco Marks & Spicer "A" ord. 58/11

May

September

December March

124/44

Rolls Royce

103/1

Leyland Motors

85/3

15.95 N .01 up

The First Notice Day for May rubber is April. 27 and the last Day is May last.

To-day's Sales -1,030 tons,

CHICAGO WHEAT

15.79/79- 15.72/72

15.72/73

06 off

15.79/79

15.90/98

15.80/89

15.90/90

15.84b/87a104 of 15.87b/88a01 of

15.94 N

Tate & Lyle

59/101

May

Turner & Newall

75/0

United Steel.....

23/3

Smethwick Drop Fors. 15/9

Armstrong Stevens, ord., 7/8 Pressed Steel, com.

10/41

July **** September

Friday's Gales:-4,974,000 bushels.

CHICAGO CORN

691/091 691/091

* 88/671

881/681

671/871

Vickers, ord

20/3

Woolworths

May

402/997 497/491

...............

Anglo-Dutch

59 23/3.

July

September

801

Rub. Plant. Invest. Trust 24/3 Burma Corporation ... 8/11 Commonwealth Mining 1 Marsman Investments... 13/14 Randfontein Estates. 36/3 Western Holdings 9/73 Sub-Nigel

May July October

· 021/624. 631/631

601/501 501/501 -511/511 511/511.

WINNIPEG WHEAT

*61/61

011/01 ·614/61† 621/621 621/62

NEW YORK HIDES. (New Contracts)

unch.

43/831

201/8

821

Tanami Gold Mining......: 30. Anglo-Iranianı

80/71

Burmahoj

73/8

June

9.30 B September 10.16/19 NY 81lver, Official Mine 42-3/4 NY-London Cross Rate 4.88

9.85/85

0.85/85.

· 10.12/16

10,20/20

ungupted.

468-1/

Shelf Trans, & Trad

(bearer)

81/3

-Nominal

September

47.06 N

NEW YORK—STRAITS TIN.

47.10b/7847,30b/55a.