1939-05-08 — Page 12

MAY 7, 1939

Last Sale

STOCKS

May 6

.71

Int. Tel & Tel.

Alleghany Steel Co.

16

Johns Manville

Allied Stores

73

J&Laughlin Steel $7 pid. 37-

Allis Chalmers

33

Kennecott Copper

Amerada Corps.".

Libbey-Owens-Ford

88

Lockheed Aircraft

Amer. & Foreign Power Ameri & Foreign

..21

Loew's Inc.

pf.... ·· 15j*

Manhattan Shirt Co.

337

Martin, Glen L

173

McKesson, Robbins

28*

Monsanto Chemical

21

Montgomery Ward

142

Wat, Dairy Products

42

Nat. Distillers

National GypsuIn

1581

National Load

83

Nat. Power & Light

91

National Steel Corp.

241

Nat. Supply Corpn.

28

New York Central

23

Niagara Hudson Power

51

N. American Aviation

137

North American -Co.

14

Northern Pacifc ..

22

Pacific Gas & Elec.

Bethlehem Steel

551

Pacific Lighting

Boeing Airplane Co.

221

Packard Motors

Borg-Warner........

244

Paramount Pictures

可

Biggs M'facturing Brooklyn-M'hattan Trans.

20*

Pennsylvania RR:

112

Phelps-Dodge

42

Philips Petroleum

34

Public Service of N.J.

Pullman Inc.

181

Pure Oil..........

32!

Radio Corpn. of Am.

691

Republic Steel

Columbla Gas & El..

61

Reynold Tobae, "g"

MONEY AND

EXCHANGE

PAGE 12-HUNGKONG "DAILY PRESS

EXCHANGE

LONDON METALS

SILVER MARKET

LONDON SILVER

STOCK MICHANGE

FINANCE

HONGKONG SHARE QUOTATIONS

SHAREBROKERS- 4850OCIATION

London, May 5 (Reuter)."

COPPER

London, May # (Reuter). % Silver-Some Indian

CLOSING QUOTATIONS

MAY 6, 1939

On London:--

Telegraphic Transfer. 1/1 11/16 Bank Bills, on demand/2 11/18 Credits 4 months' sight 1/3

£

Standard, Cash 43

Standard..

11

buyers sellers

£ 42-1/8

Speculators

bought Business moderatë. Market steady.

and

Buyer demand. sold.

Balleri

Nom

SATURDAY

MAY.

6.J

Bogers „Ballers

Below

Joadas

Banks

Spot, 20-3/8d.

Forward, 20-3/16d:,,

$1885 $1395 $1360

H.E. Banks

On demand

On Shanghai:-

On demand

On Singapore:--

-On) Japan (---. |

On demand

On India:

On New York:-

Un Batavia ----

4

On demand

On Paris:-

Bank Bills, on demand 1080 Credits 4 months" sight 1128

Un Saigon

On demand

107 3/4

On Manila: —

On demand

On Bangkok-11

On demand

37 /12

151 1/4

Sterling Notes:-

Bank Buying Rate

Bar Silver per o

1/2 7/8 20 1/4

3 months 42-3/8 ̧ ̧.

47-3/4 Electrolytic

TIN Standard, Cash -225-1/4 Standard.

42-7/18 48-3/4

225-1/2

NEW YORK SILVER

New York, May 6 Reuter). Official Price, unquoted,

£13 $80

BOMBAY SILVER

177

12 5/8

100

31 3/4

3 months 222-3/4

LEAD

223-1/4

3 months 14-97161

SPELTER

Foreign,

Official Price 14-6/18 14-7/18 Foreign Oficial

-14-5/8

Bombay. May 6 (Reuteri. Market Quiet. Offtake 50 bars

$226

$440 | #449}

Ladian Mint Sliver

Telegraphic Transfer.

and demand

Bank Bills, on demand 28 69

Credits, 60 days' sight 89 1/8

Market Report

FROM ROZA BRÖS

·63 7/16-

Ordinary,

Official Price 13-9/16 Ordinary, Oficial

3 months 13-13/16 13-78

Final Afternoon Transactions

Tin, Standard, Cash, £225-1/2 şellera.

Tip, Standard. 3 months, £223 paid and value,

LONDON GOLD

London, May 8 (Renter). Bar Gold, Fine per oz, 148/6. Dollar. Parity.

India Rupee Paper

Bombay, May 8 (Reuter). Govt. 34 Rupee, 93-10-0.

New York Exchange

New York, May 6 (Reuter). T.T. on London-Opening Rate)l.

HONGKONG MINES

Nielson and Co., Inc. Managers the Hongkong Mines, Limited re- port 4620 short dry tons of Ore treated for the" month of April; trom which 477.9 short dry tons of Lead concentrates "were pro- duced averaging 62.87 percent Lead and 14.28 oz. Silver per ton

Canning ractorle, in Canada nad Jun output of approximately 60,- 000,000 pounds of canned fruit and 275,000,000 pounds of canned vegetables in 1938. Apples, pea- ches and pears accounted for ap: proximately 38,000,000 pounds the fruit output while tomatoes, peas, baked beans and. com re- presented practically 90 per cent lol the vegetables.

NEW YORK STOCK EXCHANGE

The price for Ready Stiver was unchanged at 20 1/4 but the For" ward rate rose 1/16 to 20. 1/16.4.68-1/8. Silver advices reported speculators and India as having bought to a small extent. The market was steady. The market closed with in- quiries at the fixed rate for Spot. but sellers were disinclined to bid. American Sliver was quoted at 42 3/4 for Spot.

The London/New York cross-rate was quoted at 468.12. New York/ Lendon was quoted at 488.1/8.

Market

• Steady but dull.

Sterling

The

A small business was done early in the morning at 1/2 25/32 for cash and 1/2. 3/4 October. market closed with sellers at, 1/2. 3/4 May/October and 1/2. 23/32 November/December, buyers at 1/2 13/16 for cash, 1/2. 25/32 June/

November and 1/2, 3/4 December.

U.S. Dofiars

非

Business was reported at. 28 13/16 for May. The market closed with sellers at 28. 15/16 first half May: 28 3/4 June, 28 11/16 July, 28 5/8 August and 28 9/16 September, buyers at 28 7/8 Cash, 28 13/16 first half of June, 28 3/4 first halt

of July, 28 11/18 August and 28

5/8 September.

Shanghai Dollars

Sellers at 178 7/8,

Shanghai Market

Sellers of Sterling at 8. 1/4 for

Spot and US Dollars at 16. 1/16 for Spot

Shanghai Exchange

Shanghal. May 6 (Reuter).

STOCKS

Adams Express

Amer. Can........

Americani Osa & Elec, Amer. Locomotive Amer. Metals Co. Amer: Radiator

Amer. Rolling Mill

Amer. S'ting and Ring Co. Amer. Sugar Ring ...... Amer, Tel. & Tel Amer: Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & S. Fe. Auburn Motors... Baltimore & Ohio Barber, Asphalt Co

Barnsdall O....

Bendix Aviation

B'klyn-M'hattan S6 cum pf. Canadian Pacific R'way. Case, JI....... Celanese.....

Chesapeake & Ohio

Chrysler Corpn.

QUOTATION

Ready May 13 Settlement June 15 Settlement

53-08. 53-07 53-06

367

$10

Steambosta

$60

Indo-Chinn

13-5/8-

$24

81/04 Shell

Do. (Col. Rag.} Do. (Lon. Beg.) Chartered Banks ...... Lfarcantile "Eiks." “a” Marcantile Bka, "'Q" Bank of East Asia .......... N. C. & S. Banks ... Insurances Canton InmaTADORE Union InstraDOSS 31.30 Underwriters $150 H.E. Fires

.........................Shipplag. Douglassss

(Prof.)

Indo-Chinas (Det.)...

88.40 Waterboat

Docks, Wharves,

Godowns, etc.

H.K, & K. Wharvon [Providents

Providente (new)

H.K &

Do. (new)

101

Docks... 18

$100 Shangbai Docks 6.

$7.05 New Engineerings S.

17/8 Kailan

$8.55 Raubr

$3

Mining

Vanemela Gold. Fida

4.eta Hong Kong Mi...

Lands, Hotels and

Buildings

II.K. Hotels

u

3101

$17

$101

17/0 $8.55

$3.45 $6.65

$331

...

$104

H.K. Landa.........8...$39

$100 Do 4% Debenture

$8.85 Shanghai Eands

H.K. Realties

Humphreys *****

B

$109 Chinese Estaten ......

Cotton Mills

$181 E (8.)

3 ::tཊྛིདོན

14.10 $4.30

$71

4

$1375

***

***

14

$1

· 3920

C.D.

$1.30

$440 1.3448

$180

867

816

850

$20

81/3

$8.10

SPOT

JULY-SEPT.

!!!

OCT-DEC, se

MONDAY, MAY 8, 1939.

PAYNE

& CO.

COMMODITY BROKERS ·

-STOCK EXCHANGE

BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

New York, May 6, 1939.

SINGAPORE RUBBER

3101

$101

$4.30

818) $17

$16.60

27-3/4

May 5 buyers sellers 77-1/2 27-3/4 ...... 21-5/8 27-7/8

28

May 6 buyers. sellern 27-5/8 27-1/8 27-3/4 28 27-7/8 28-1/8

change

up 1/8

'

14

**

****

*

8321

85:50 $33)

of

84.10 87:

972

#113 B'hal Cottons (8.)

$17.38 $107

SPOT

JULY-SEPT.

$30

::

Zoong Sings (8.)

$40

Wing On Textiles (8.)

$48

'OCT.-DEC:

The market opened 1/8 of a cent higher for all deliveries as com- pared with Friday's closing. quotations.

A

In sympathy with advices received from London and New York dult conditions continued to prevail throughout the session.

Whilst demand for "actuals" was satisfactory, dealers, and specu- lators preferred to remain on side-lines due to overnight cables re- porting on a substantial decrease in Motorcar-production for this week. disappointing Motorcar-sales during April as well as on lower estimates of Crude-Rubber consumption for April in USA. Also the uncertainties surrounding the fixation of the export-quota for the third quarter of this year bad a restraining influence upon ac- tivity.

Closing tone, was quiet.

LONDON RUBBER

Previous close ··

To-day's close buyers sellers Change 7-15/16 8

buyers

sellers

7-15/16 8

unch.

8-1/18 8-1/8 8-1/16 8-1/8

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

Public Utilities

JAN.-MARCH

816.30

THE

Tramways

$161 $164

୫୫

Peak Trans. (old) ...

19

$4

Peak Trams (now)

14

$80

Star Ferrine ....

105)

Last Bale

May 6

*

$9,20

80.30

1

701*

aut

8553"

311

$18.80

$351 $16.80

$22.60Y'mati Ferries

Do. (ca)

China Lights (0)

China Lights Hin

K.. Electrica

Macao Electrica: mas

192€

881

$8.30

L

China Lights (New)

եւ

10.40

$551

Glass 42

812

Sandakan Lights.....

26

Telephones (old)

3213

42*

371

Telephones (new)

$7

21/0 Tractions

go

368

22/0 Tractions (pref.)

Industrials

111

$14

Cald, Macg. (Ord.) 8.

961

$13

Caid, Macg. (Fref.) 8.

471

31

Canton Icre

141

$124

$12.001

Cements

251

$3.50 Ropes

8201/191

Miscellaneous

Dairy Farma K, $20

204

814.7 10.10

Dairy Farin Hts.

$12.60

1++

$3,60

$13

Ch. E'tainments .......

86.65

60%

212

Constructiona (old)

84

Constructions

(new)

#H

Lane Crawforda

142

Nanyang Tobacon....

$1.80 Sincares

Market idle.

8-3/16 8-5/16 8-3/18 8-5/16"

The average forecast of last week's stock of rubber in London and Liverpool shows a decrease of 1,000 tons.

NEW YORK COTTON

The continued steadiness induced some new speculative buying and initial prices were higher. The advance in prices gathered momentum as short interests covered. There was still no sign of any reaction and the day's high levels were maintained at the close, The 1939 Cotton acreage has been estimated by private organiza- tions at 25.7 million acres.

NEW YORK RUBBER

"There was hardly any trading as most operators preferred sitting on the fence awaiting the outcome of the 'queta' meeting. "Automo- bile outlook is not so encouraging. Revised estimates of consump- tion are around 45,000 tons for April and 85,000 tons for May-June.

CHICAGO WHEAT

The market recovered from yesterday's reaction on reports of con- tinued lack of moisture in the South-West, To-day's exports were better. The average of private crop estimates to hand places the winter wheat production at 539 million bushels.

$1.80

16

87)

Watsons

Canadian markets closed on Monday,

$7,30

Previous

21

64

Ch. G.6% 1925G 3Bda,

To-day's

64.

B

31%pm

H.A. Govt 4% Loanz

81032

301

par

H.K. Govt. 34% Loan

$100

Dow Jones Industrial Averages

close 131.47*. 131,74

close Change

27

842

H.K. Wing On

45)

'al Wing On-

3

Vibro Piling

973

81

14/43

171

4/3€

32%

81

351

35

251

&

LONDON

B1

16

Opening

38**

Columbia %. "A" pt.

84 *

Richfeld OR

London, May 5

London

New York

Japan.

0/8

Commercial

43P

Safeway Stores

15-5/8

351

Commonwealth & 8. (ord.)

1

| Schenley Distiller,

56-7/8

14

C'wealth. & S. 6%%%" cum pi.

57

Schenley, 54% prd.

5.48

53-3/8

Spot

May

.June

July

Spet

May

June July

London, May 6 (B.W.8.).

Paris

Hongkong...........

Open Market-Selling Rates

Sterling

Opening Closing 0/8-1/4 '0/8-1/4 0/8-7/32 0/8-7/92 0/8-11/64 0/8-11/64 0/8-1/8 0/8-1/8

U.S. Dollars

$18-1/16 $16-1/16

16

16 15-29/32 15-29/32 15-13/16 15-13/18

Market: Quiet but steady

Merchant Rates

Sterling, 0/8-7/32.

Dollars, $16.

Silver Duty Rate

Distillers Corpn. Seagrams 174 Douglas Aircraft

Du Pont de Nemours

Elec. Autolite

The Central Bank of China's Gen. Motors

rate on London at 10 am to-day Gen, Railway Signal was 1/2-1/24, ünchanged from Glidden Co. yesterday.

The Equalisation rate was 61 për Goodrich $3 pi.....

cent.

London Exchange

Closing mean, rates.

Paris, 176-47/04.

New York, 4681.

Consolidated Edison

311

Sears Roebuck

601

£

11

Consolidated Oll

71

Seversky Aircraft

£

31*

Continental Can

381*

Shell Unlon Oll

11.

Continental Oil

23**

Socony-Vacuum Oll

117

Corn Products

.561*

Southern Pacific

War Loan, 31%

after 1952)..... Canton-Kloon Rly. 5%

(Red

92-1/16

121

Curtiss Wright (C)

51

| Southern Rly $5 pfd.

"

Curtiss Wright "A" Deere & Co.

251

Sperry

43

18-

Standard Brands

Bπ

Stand Gas & Elec.

3

€23

Standard Oil of California

26

142

Standard Ol of NJ.

461

Eagle Picher Lead Eaton Mig. Co.

9 *

Etone & Webster

Chinese 5% Crisp Loan,

"103

1912

221

Swift International

Chinese 5% Reorg. Loan,

282

Technicolor

Elec. Bond & Share

161

1913 d. I.)

8

Texas Corpn.

Elec. Bond & Share $5 pf.

Texes Gulf Sulphur

Elec, Bond & Share $6 pf.

611*

Trans-America Co......

Elec. Fower & Light $7 pf.

261

20th Cent, Fox.

Flintkote.

191

20th Cent, Fox. $1) pf.

Food Machinery Corp.

23

Union Carbide & Carbon

Gen. American Trana

444

Union Pacific ...

Gen. Electric

341

United Aircraft "..

441

United Airlines Trans.

16***

United Corpn.

United Corp. $3 cum. pf.

Goodrich (B.F.)

161

United Gas Corpo......

United Gas Improvement

**** | Goodyear Tire & Co.

261

UB. Exbber

Great Northern Iron Ore Great Northern Ry, pid.

127*

|UB. Rubber $8·pfd,

201

U.S. Steel

Great Western Bugar ..............

27

Vanadium

Greyhound Corpn.

181

Warner Bros. Pict.

Hecker Products

11

Westinghouse Elec.

Homestake Mining

851

Woodward Iron Cor.

Industrial Rayon

*191*

Chase National Bank

International Harvester

574*

Montreal, 4.70)

Brussels, 27.501.

Milan, 89.

National City Bank

Int. Nickel

478

*_bid.

11-ex. dlv.

DOW JONES AVERAGE

1929

May 7, 1939.

154.85 181,44 30 Industrials

34.33 24.14 -20 „Balta :

28.51 20.710 Dülibien

49.12 45.59 : Commodity Jadex 48.82

Berlin, 11,684.

Buenos Aires, 2010;

Other rates were unchanged

Calcutta Exchange

*** Calcutta, May 6 (Router). T.T. on Japan, 78-1/2,

Chinese 5% Ster. Notes,

1925 (Vokers)

Chin. Imperial - Fly. 5%

Loan .....

Honan Rig. 5%

Hukuang Rly. 5%, 1911...

Bokuang Rly. 5%. 1911

(German Issue). 201

Lung Teing & U. Hai Rly.

S'hat-N'king Rly. 5% 251

Tientsin-Pukow Rly. 5%

(Brit. 8tpd.)

Tientsin-Pukow Fly, 5%

"(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan). Tientsin-Pukow Rly. 5%

(Ger. Stod. Bupi Loan) 18

18

Jap. 5% Bler. Loan, 1907 351 Tap, 6% Ster. Loan, 1024 42 Ger. 7% Intl Loan, 1024 34- Chartered Bank

BK & S'hal Bank (Ldn.

Reg.)

HK. & S'hai Bank (Col

Reg.)

High Low Dow Jones Averages, May 5, High Low Close. Change Chiness Eng & Mining

BR.33 87.08 40 "Bonds

131247 / 153,01.171.43 181.74 .87 up (bearer)

26.88 28.23 36.85 28.88 02 up Chosen Corporation 22.00.

23,13 22.95 23.10 20 up Pekin Syndicate 88.45

88.45 17 ap 48.83

9'hal Elec. Constr. Co. 02 up Burinam Demme-180,000 shares... | Bhat Way

Smethwick Drop Forg... 15/9

Armstrong Stevens, ord. 7/8. Pressed Steel, com 17 Vickers, ord.

Rub. Plant. Invest. Trust 25/9 Burma Corporation 8/3 Commonwealth Mining 1 Marsman Investiments... 14/4) Randfontein Estates.... 38/104 Western Holdings 11 Sub-Nigel

Tanami Gold Mining.............. ·3d". Anglo-Iranian

Burmishiter

381

28**

53

74

932

371

101

2་

5%

127

381

97

47

19원

5

.923

17*

32*.

243

$ ཞུ་ ལྷ སྐུ སུ ཚུ ཚ ུ ཿ ཋ སྐག ཝ ཚོ

1898 (Brit. Issue).... 19 Chinese 41% Gold Loan,, "87

Chinese 5% Gold Bonds,

1925-447

Chin. 41% Anglo-French

Loan, 1908

Cable & Wireless, New

Form, ord........

B.-A. Tob. (bearer)"

Union. Insurance

301- Gula Kalumpong Rubber 17/6 Allied Ironfounders...... 18/71 Asso. & Elec. Industries 37/104 Austin Motors, ord.

30

Maramans Inv. (Lou.)

Marsmans Inv. (H.K}"

Wm. Powella...............................

Balos

to. Shanghai

STOCK EXCHANGE

(REUTER'S SERVICE)

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

New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg Wheat, July New York Hides, July

Close Close Change

8.36 8.31. 8.31 8.38 .05, un 16,00 15.98 16.04 15.98 .06. off 741 731 732 74 † 20 51+ 51 511 51+ €61 B81 657 681 10.57 10.45 10.452 10.57

NEW YORK COTTON

Close

N. Y. Commodity Market

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

Prev. To-day's

High

Low

unch..

קט!

.12 up

-Opening Closing

Change

444

95/71

May July October

8.61 N.

8.84/65

8.67/67

08 up

8.31/31

8.34/34

8.38/38

7.81/82

7.85/85

7.86/86

05 up .04 up

Cammell Laird, ord. Mexican Eagle

8

December

7.84/64

7.69/70

7.72/73

.00 up

8/4

Courtaulds

Distillers

January

7.63 N

7.70/71

7,73 N

מע 10.

24/6

March

7.63/63

7.71/71

$7.72/72

09 up

33/9

Spot

9.31. N

9.36 N

05 up

Dunlop' Rubber

25/9

Gen. Electric (England) 79/41

NEW YORK RUBBER

Quinness (A) Son & Co. 103/9

May

15.93/99

Hawker Siddeley Arc 18/6 Bristol Aeroplane

July

16.04704.

-16.00b/031

20/3

Imperial Chemical Ind. 30/6 Imperial. Tobacco 12/45 Marks & Sp'cer "A" ord. 59/9

Séptember December March

10.04/06

18.00b/051

16.08h/07

16.00b/038

16.10 N

16.00b/03a

16.00b/02% 16.02/02

15.85b/90a 15.08/08 .06 off

15.086/16.01a 04. off

·05 oft .08 of

..03 of

To-day's Sales:--210 tons,

Rolls Royce

... 104/4

Leyland Motors

18

Tate & Lyle

Turner & Newall. 76/8. United Steel

23/3

88/9 59/10

May July September

CHICAGO WHEAT 742/741

→ 7514751

-731/731 737/132

**** 731/731

737/738

737/74 731/731

Friday's Sales:-19,189,000 bushels.

CHICAGO CORN

19/41

Woolworths

Anglo-Dutch

61/3

***** 23/9

May July September

493/481

491/492

511/614 511/514

511/51+

unch.

617/62

52/517-

517/52

WINNIPEG

WHEAT

May. July October

65/65

651/65#

657/657

0817601

661/684

661/67. 671/671. 077/673

208/9

June

17/6

.... 80/71.. 81/101

Shell Trans. da Trad.

(bearer),

NEW YORK HIDES: (New Contracta)

10.41b/45a 10.41b/45a 10.57/57 September

10:80/82 10.80b/858 10.96/98 NY, Silver Official ...... 42-3/4”

-unquoted. NY-London Cross Rate 4.68-1/8

817301

-Nomina

NEW YORK-STRAITS TEN

48.05b/40a -- 48.056/358- 60 upSeptember

468-1/8