STOCKS
Adams Express
Alleghany Steel Co.
Allied Stores "
Allis Chalmers ....
Amarada Corps. Amer. Can
Amer. Rolling Mill
Amer. S'ting and R'ing Co. Amer. Sugar Ring
Barber Asphalt Co
Bendix Aviation
Bethlehem Steel
Market Reporz
FROM ROZA BROS
Silver prices were unchanged
LONDON GOLD
London. April 29 (Router). Bar Gold, Fine per oz., 148/6.
yesterday, the quotations remain---Dollar, Parity.
ing at 20 3/16 for Ready and 20 for Forward! Silver advices.- ported speculators "as baving operated both ways. There were some bear covering. The market was, steady. American Silver was quoted at 42 3/4 for Spot.
·New
The London/New York cross- rate was quoted at 488.12. York London was quoted at 468, 1/8.
Market
Steady but quiet.
Sterling
NEW YORK STOCK EXCHANGE
QUOTATION
Business was done early in the Amer. & Foreign Power morning at 1/2, 3/4 for near and Ameri & Foreign $7 pf.... 14)* May. The market closed with American Gas & Elec. sellers at 1/2. 3/4 Cash and 1/2 Amer. Locomotive 23/32 May/November, buyers at Amer. Metals Co. 1/2 25/32 Cash/July and 1/2. 374 Amer. Radiator August/November.
U.S. Dollarg
Business" was done 1 28 3/4 for first half of May. The market Amer. Tel & Tel. closed with sellers at 28 3/4 Cash, Amer. Tobacco "B" 28. 11/16 May, 23 5/8 June, 28 8/16 Amer. Waterworks July, 28 1/2 August and 28 7/16 cash, 23 3/4 May, 28 11/16 June, September- buyers at 28 13/14 for 28 5/8 July and 28.9/16 August September,
Shanghai Dollars Sellers at 178 11/16.
Anaconda Copper Atchison, T. & S. Fe. Auburn Motors... Baltimore & Ohio
Barrisdall Ol
J. & Laughlin Steel $7 pfd. 363*
207 1/2
57/8
PAGE 12-HONGKONG. DAILY PRESS
MONEY AND
EXCHANGE
MATCH FACTORY |HONGKONG
FOR HONGKONG
Plans for the erection of a match factory at Mataukok are in
CLOSING QUOTATIONS preparation. The site has been
APRIL 29, 1939
On London:---
secured at a cost of $50,000, and a sum of $300,000 has been set aside for building and equipment.
The factory will manufacture Telegraphic Transfer. / 21/3) mainly for export. The sponsor of Bank Bills, on demand!/2 21/33the enterprise is Mr. Liu Hung- Credits 4 months' sight 1/2 31/32 sing, former managing director of the China Merchants' Navigation Company. compradore of the Kallan Mining Administration and one of the directors of the Central Trust.
On Shanghai:--
On demand
..176 1/2
On demand 52 1/2
On Singapore:-
On Japan:-
On demand...
On India:
1+ 4 3/4
Telegrapłuc Transfer. }ut 5/8
and demand
On New York:---
Bank Bills, on demand :8.915 Credits, 60 days' sight 19 1/18
Un Batavia-
On demand
On Paris:-
53 1/8
Bank Bills, on demand 1378
Credits 4 months' sight 1120
On Saigon
On demand
On demand
On Bangkok --
On Manila:-
SILVER MARKET
LONDON, SILVER
London, April 29 (Router). Silver---India
AL
small buyer. Speculators sold. Market quietly steady.
Spot, 20-1/8d.
Forward, 19-15/18d.
NEW YORK SILVER
New York, Apr, 20 (Reuter), Oficial Price, unquoted.
BOMBAY SILVER Bombay, April 29 (Reuter).
Market-Quiet.
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted "on Saturday. "April 29, 1939. H.K. Docks ....... Hotels Lands Marsman" (HK)... 600 United Paracale"... 5,000 North
LONDON METALS
ச
STOCK EXCHANGÉ
Bayuri | Ballers Bater
100
$16.50
FINANCE
HONGKONG SHARE QUOTATIONS
SHAREBROKERS ASSOCIATION
Buyer Bilse Sales Nomina
Nominal STURDAY 29.1
APR.
Banks
TH
500
12
5.35 32.75
$1380|
H.K. Banks
Do. (Col. Eeg.) ...
£84
Da (Lon. Reg.).
4s./Bd.
Chartered Banki
Pa 0,59
s
Mercantile Bka." "A"
Camarines 3,000
P3. 0.44
213
Mercantils Bka. "0"
$80
Bank of East Asia
$290
EXCHANGE
84571
London, April 28 (Reuter).
N. T. & & Banki
Insurances
Canton IneursDON ...
Union Insurance ive
$1.30 Underwriters
*****
$180
H.K. Fires
$1375
£86
£84
គរ
ERDA
£13
$20
#1
$220
11.30
1440
3180
COPPER
buyers sellers
987
£
£
315
Standard, Cash 42-5/16 42-7/16
Standard,
$60
3 months 42-11/16 42-3/4
49 Electrolytic
..... 48-1/2 TIN
Shipping
Douglases
Steamboats
Indo-Chinsa{Prof.)
Indo-Chinas (Dat....
81/10 Shells
$8.40 Waterboste
Docks, Wharves,
.99$..
Standard, Cash 223-3/4 Standard,
224
$100
..
3 months 221-1/4
LEAD
221-1/3
Foreign,
official Price. 14-7/8 Foreign Oficial
14-15/16
Offtake 75 bars.
On demand
161 5/8
Fadian Mint Silver
3 months 14-7/8
SPELTER
14-15/18
Sterling Notes:-
Bank Buying Rate
....1/2 27/31
Bar Silver per oz.
20 3/16
Ready May 13 Bettlement June 15 Settlement
52-14
Ordinary,
***
62-13
62-12.
Official Price 13-3/4 13-13/18 Ordinary, Official
3 months 13-3/4 Final Alternoon. Transactions Tin. Standard Cash, £223-3/4
13-13/16
..95.20 832
$5.35
$104
value.
34
$4.20
i
Tia, Standard. 3 month. £221- 1/4 paid and buyers.
ex.div
$6.90. New Engineering 8.
17/G Kailan
$8.65 Raube
$3
Mining
Venezuela Gold Bids
4 eta,Hong Kong Min ... Lands, Hotels and
Buildings
H.E. Hotal
H.K. Landa........... Do, 10% Debentures
$9.80 Shanghai Lands
H.K. Rosities ............ $8.65 HumphroES ......... $10g Chiness Estates
Cotton Mills
3174 Ewa (8.)" #108 S'hal Cottoms (8.)-
Wing On Textiles (8.)
016
$30
$20
81/001
18:40
SPOT
Godowns, etc.
JULY-SEPT.
H.K. & K. Whirve $100
OCT-DEC
$4.30 | Providenta
$4.60
Providenta (ndw) ....
16
[H.K. & W. Docks......... | #181
Do. (new)
$18,
398
Shanghai Docks 8,
$101 (6)
17/0 38.55
13
4*+
8321
8.
MONDAY, MAY 1, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO,)
New York; April 29, 1939.
SINGAPORE RUBBER
ST-3/4
April 28 buyers sellers 27-1/2 27-3/4 21-5/8 27-7/8
28
April 29 "buyers sellors change 27-1/4 27-1/2 of 1/4 27-1/2 27-3/4 dt 1/8 27-1/2 27-3/4 off 1/4
$30
Zong Sings (8.)
$40
::::
Public Utilities
· ·
$104
$11
18
$20.10
$107
The market opened 1/8 of a cent lower for all deliveries as compared with Friday's closing quotations.
Herr Hitler's speech had a favourable reaction on the London and New York markets, but the price-advance in New York could not be maintained due to lack of support and good part of the earller gains were lost again during the session. These conditions rule were reflected in Singapore where the market continued to quiet throughout the session, dealers and speculators preferring to awalt further developments in London and New York Before enter- ing into new engagements on a larger scale.
It would" appear that in the near future the market will be- came increasingly subject to the uncertainties surrounding the de- cision of the IRR, Committee with regard to the export-quota for July/September at their meeting on May 16th. In view of this situation the market is not expected to move substantially higher In the meantime unless unforeseen favourable developments will of- set this depressing factor
Closing tone was dull
LONDON RUBBER
Previous close To-day's close buyers sellers buyers sellers
$16)
Tramways
#161
Peak Trams (old)
***
Last Sale
APRIL 30, 1939
STOCK:
$4 365
Pack Tramm (now) Star Ferrios
18 $4
SPOT
JULY-SEPT.,
OCT.-DEC.
change"
8
8-1/16
8-1/B
8-3/16
8-1/16
8-3/16 8-5/16
7-15/16 8
8-3/16 8-3/18 8-1/4
of 1/16
unch.
Aur 29
Int. Tel. & Tel.
Last Sale Apr. 29
7
$22.60 T'mati Ferrin
Do. (now)
$22 | X.D.
JAN-MARCH
ון
$8.90 $8.40
China Lights (0)
$8,40
161
Johns Manville
697*
₤3.40
China Lights (New)
$5.30
35.40
74
China Lights Rt.
32
Kennecott Copper
31+
કડવ
H.K. Electrics .....................
$55
1.
$18
61
Macao Electrics.......
זי
Libbey-Owens-Ford Glass 41
$13
Bandakan Lights .....
88
Lockheed Aircraft
241
$29
Telephonse fold
3214
21
Loew's Inc.
39-*
#7]
Telephones (new)
$7
Manhattan Shirt Co.
20/8 Tractions
29/
33
Martin, Glen L
331
22/0 Tractions (praf)
171
28
McKesson, Robbins Monsanto Chemical
Industrial
114
$14
Cald., Macg. (Ord.) S.
92
$13
Cald., Macg. (Fri) 8.j
111
Montgomery Ward
-45
Canton Tees
81
14
at. Dairy Products
14)
$122 Cements
401
Nat. Distillers
$3.60 Ropes - ' ----
$3,60
19
National Gypsum
11
Miscellaneous
1571
(National Load
$20
Dairy Farme x. Nì.
320
20 ....
$3490
اشر
813
Nat. Power & Light
Dairy Farm Rte.
$14)
Ch. K'tainments
884
91
National Steel Corp.
581*
Constrictions
(old)
811
231
Nat. Supply Corpn.
Constructions
261.
New York Central
35
Lace Crawfords
$8
14
Niagara Hudson Power
Nanyang Tobacco ....
$4
N. American Aviation
$1.80 Bincares
$1.80
148
871" Watsons
38.90
Market idle.
8-1/4 8-3/8 8-1/4 8-5/14
The average forecast of last week's stock of rubber in London and Liverpool shows a decrease of 750 tons.
NEW YORK COTTON
With lower opening prices, the market presented an easy ap- pearance. There was some selling and liquidation The pending Washington Legislation created an atmosphere of uncertainty and the rumour that the Export Subsidy Plan would be strongly opposed was another disturbing factor.
NEW YORK RUBBER
Awaiting the result of the "quota" meeting, tradera remained on the sidelines. The market was dull and irregular,
CHICAGO WHEAT
After an easy opening, the market became very steady due to continued buying and short-covering, which were prompted by fur- the reports of unfavourable weather conditions in the South-West,
Previous To-day's
Dow Jones Industrial Averages
close
close Change
128.38
128.45
up 07
121*
North American Co.
211
63*,
[Ch. G.5% 19250 $Bda,
€3%
13
Northern Pacific
H.E. Govt. 4% Loana
81.
34%pm
8103)
21
Pacific Gas & Elec.
201
H.K. Govt. 31% Load
9100
par.
551
Pacific Lighting ......
842
45.,
H.K. Wing O .....
Shanghai Market Sellers of Sterling at 8.1/4 and
Boeing. Airplane Co.
211
Packard Motors
31
Borg-Warner
221
Paramount Pictures
the Wing on m Vibro Puling
22
!!!!
BI
U.S. Dollars at 16.1/16 for Spot.`-.
Biggs M'facturing
191
Pennsylvania R.R.
171
Brooklyn-M'hattan Trans.
101
Phelps-Dodge ...
313
81
B'klyn-M'hattan $6 cum pl.
37
Phillips Petroleum
314
Shanghai Exchange
Canadian Pacific R'way.
31
Public Servicë of NJ.
341
Case, J.L
Pullman Inc.
"262
Shanghai, Apr. 20 (Reuter).
Celanese
16
¡Pure Oll
77
Opening
Chesapeake & Ohio .......
31
Radio Corpn. of Am.
14/0 Megamans Inv. (Lon.)
Marsmans Inv. (H.E.) W. Powella *Salon
LONDON STOCK EXCHANGE
$1
to
Shanghai
LI
B1
London
0/8
Chrysler Corpn.
841
Republic Steel
154
New York
15-5/8
Columbia Gas & El.
61
Reynold Tobac. "B"
351
(REUTER'S SERVICE)
Japan
58-7/8
Columbia 6% "A" pl.
831*
Richfeld On
New York Cotton, July
73
London, April, 28.
Paris
5.48
Commercial
421
Safeway Stores
337
Hongkong
53-3/8
Commonwealth & S. (ord.)
12
Schenley Distillers .....
J11
Open Market-Selling Rates
C'wealth & 8. 6% cum pl.
Schenley, 54% pfd.
The following quotations, are the middlë prices at the close of the market in London. All quotations are subject to confirmation" and no responsibility is assumed for errors in transmission.
New York Rubber, May New York Hides, June
Chicago
Chicago
Sterling
Consolidated' Edison
292"
Bears Roebuck
661
2.
£
Opening
Closing
Consolidated Oli
71
Beversky Aircraft
Wheat,
Com May IWnnipeg Wheat, May
May
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits ind
9. E. Levy & Company) ·
New York, April 29, 1939,
› Prev. To-day's
Close Close Change
8.20 *8.14 .08 of 15.85a 15.79% .08 - Off 9.981 .08 up 734 #up 47#
8:19 8:12 15,70 15.75
9,93 9.83 9,90 741 *127 73+
High Low
48+
474. 481
637
627 631
831 unch.
37
Continental Can...............
381
Shell. Union Oil
Spot
April
0/8-1/4 0/8-1/4 0/8-1/4
11
War Loan, 3% (Red.
after 1952)
Union Insurance
301*
NEW YORK COTTON
***** 91-3/8
Continental Oil
221
Socony-Vacuum Oil
117
May ...
0/8-15/4 0/8-18/64 Com Products
57
Southern Pacific
127
June
0/8-7/32 0/8-7/32 Curtiss Wright (C)
1898 (Brit. Issue).
€
Southern Rly $5 pfd.
191
Curtles Wright "A"
254
Sperry
401
U.S. Dollar
Deere & Co.
174
Standard Brands
61
Spot
$16-1/15
$16-1/18
Distillers Corpn. Seagrama
167
Stand Gas & Elec,
April
May
June
0/8-1/4
16-1/32 18-1/32 15-31/32
Market:-Quiet.
Merchant Rates
Sterling, 0/8-7/32.
Dollars, $16.
New York Exchange
15-31/32 Earle Picher Lead
Eaton Mfg Co. Elec. Autolite
New York, Apr. 29 (Reuter)." T.T. on London (Opening Rate). 4.68-1/8
21*
Douglas Aircraft
590
Standard Oil of California
201
Du Pont de Nemours
140
Standard Oll of NJ.
45
Canton-K'loon Rly.5%
Chinese 44% Gold Loan 65
Chinese 5% Gold Bonds,"
1925-47
Chin. 41%, Anglo-French
Loan, 1908 temá
Chinese 5% Crisp Loan,
Gula Kalumpong Rubber "18/10} Allled Ironfounders
18/71
Close. Opening
Closing
Change
194
38
81
Stone & Webster
10),
1912 ...
361
20
Bwift Internationa).
Chinese 5% Reorg. Load,
261
Technicolor dos
16
1913 (Ldn. 18.)
52
Elec. Bond & Share ....
72
Texas Corpn.
37
Siec. Bond & Share $5 pf.
541
Tézes Gulf Sulphur
274"
Chinese 5% 8ter. Notes,
1925 (Vickers)
17
Elec. Bond & Share $6 pf.
651
Trans-America Oo.
Chin. Imperial Rly. 5%
Elec, Power & Light $7 př. Flintkote
20th Cent. Fox
10%
181*
20th Cent. Fox Sit pf.
Loan Honan Rly. 5%
63
21
Food Machinery Corp.
Union Carbide & Carbon
721
Gen. American TranS,
44
Union Pacide
89
Gen. Electric
34
United Aircraft
352
(German Issue)
18.
Gen. Motors
417
United Airlines Trans,
91
Gen. Railway Bignal
154
United Corpn.
Calcutta Exchange ·
*21
10%
Glidden Co.
15+
United Corpn. $3 cum pf.
251 321
Calcutta, April 29 (Reuter). TT, on Japan, 78-1/2.
Goodrich (B.F.)
157
United Gas Corpn....
Tiantain-Pukow Aly. 5%
Goodrich $5 pt.
-United
Gas Improvement
173
12
Goodyear Tire & Co.
247
US. Rubber
35
Great Northern Iron Ore ...
121*
US. Rubber $8 ptd.
92
171
India Rupee Paper
Bombay, April 29 (Router), Govt. 31% Rupee, 92-10-0,
London Exchange
London, Aprli 29 '(BWB).
Closing mean rates.
Paris, 178-45/64. New York, 4.8-1/8, Montreal, 4.70.
Brussels, 27.52,
Geneva, 20.834.
Amsterdam, 75
Great Northern Bly, pfd.
19
U.S. Steel
452
Great Western Sugar .......
Vanadium
18)
Greyhound Corpn.
17.
Warner Bros. Pict....
'231
Hecker Products
Westinghouse Mec.
88%
Homestake Mining
64
Woodward Iron Cor.
18*
Jap. 5% Eter, Loan, 1907-35
Industrial Rayon
International Harvester Int. Nickel
Chase National Bank
291**
Jap. 8% Ster. Loan, 1924 41
55.
National City Bank
.222*
45
-bld.
1 day
Ger. 7% Intl, Loan, 1924-34 Chartered Bank ... 7 HK. & Shal Bank (Ldn.
Reg.>
84
DOW JONES AVERAGE
1839
High Low Dow Jones Avors
·18485 121,44 20 Industrials
128.38
34.33 24.14 20 Baile
.-26.81
28.57 20.71" Usilibles
82.16
Apr. 30, 1930. Apr. 28. High. Lów" Close
128.75 125.03 128,45 25.91 25.72 25,86 22.20 27.05 (92,00
Berlin, 11.85-174.
32.35 87.06 40 Bonds
87.98
Buenos Aires, 20.21.
49.11 4.59 11 Commodity Index 48.08
Other rates were unchanged.
Bustin
HK & Bhai Bank (Col.
Reg.)
85
Change
07 up .05 up .09 off 88.00 .02 up 47.90.15 0 Tone-170,000 shares
Chinese Eng. & Mining
(bearer)
Chosen Corporation
Pekin Syndicate ..... Shai Elec. Constr. Co. S'hai Waterworks
མྦཤྩ ཋ ཚོཟླad ་ྲ ER ཊྛ#ཚོau བར
Asso. & Elec. Industries 38/14 Austin Motors, ord.
May
8.45/45
8.41/40
8.38/38
07. 01
30
July
8.20/20
8.17/18
8,12/14.
..06 oft
Cable da Wireless, New
Form, ord.
October
7.7B N
7.78/78
7.89/69
.09 . off
43
December
7.87/88
7.68/66: 7.58/58
10 of
B. A. Tob (bearer)
93/9
January
7.88 N
7,85b/66a
7.56/58
10 off
Cammell Laird, ord.
Mexican Eagle
778 7/6
March
7.85 N
7,64/04
7.66/56,
.09 off
Courtaulds
Distillers
102/6
Leyland Lotors
88/10)
173
Tate & Lyle .....
80 ***
Turner & Newall
76/6
United Steel
23/3
Smethwick Drop Forg.... 15/9
Armstrong Stevens, ord. 7/6
Pressed Steel, com.
Vickers, ord. ......
18/101 20 Woolworths.unimation 59/7
Anglo-Dutch
24
Rub. Plant. Invest. Trust 25/8 - Burma. Corporation
Hukuang y. 5%, 1911... 201 Hukuang Rly. 5%. 1911
Lung Tsing & V. Hai Rly.
Shal-N'king Rly 5%.
(Brit. Stpd.) Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pakow Rly. 3%.
(Brit. Stpd. Bupl. Loan) 17 Tientsin-Pukow Rly. 5% *(Ger. Stpd. Supl. Loan), 174
Dunlop Rubber
24/44 80 25/11 Gen. Electric (England) 78/14 Guinness (A) Son & Co. 102/6 Hawker Siddeley Air 17/9 Bristol Aeroplane
19/6 Imperial Chemical Ind. 29/6 Imperial Tobacco
124/4 Marks & Speer "A" ord". 59 Rolls Royce
"The First Notice Day for cotton is April 25 and the last Day is May 16.
The First Notice Day for May rubber is April 27 and the last Day is May last.
To-day's Bales:-300 tona.
Spot
9.20 N
-0.12 N
.03 off
May September
December
Match.....
NEW YORK RUBBER
15.75b/79% 15.82b/85a 16.79/79 15.95/96 15.87/87 15.87b/90%
15.04/04 15.98/05 16.02/05
.06 off 08...off
18.09 N
11 of 14 15.93b/95a
CHICAGO WHEAT
May
131/13
73/721
July
-710/718
731/731 72/721 718/714"
September
Friday's Sales-28,508,000 bushels.
121/721
721/720
€€€
May July
CHICAGO CORN 481/481 50/501 50/491
471/474
471/71
49/40
E
September
501/504 611/511 WINNIPEG WHEAT
50/504
| Commonwealth Mining.. (1-
Marsman Investments..
14
May
63/631
Randfontein Estates
38/3
July
044/641
63/631
·048/641
63/631
unch
841/642
Western Holdings
11/3
October
651/654
Bub-Nigel
208/9
NEW YORK HIDES: (New Contracts)
Tanamt Gold Mining. Anglo-Iranian
3d.
Burmah
82/8 82/8
June
September
NY Bilver, Oficial
9.90/90
1024/24
42-8/4
8.83/83 10.19/19
65/65
9.94b/988 10,300/33a
unquoted,
Shell Trani, &z Tra
(bearer) PA
*Nominal
81/201
NY-London Cross Rate 4.68-1/8
September
NEW YORK-STRAITS TIN
47.80 N
42,95h/48,501 48:40 B
i
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