TUESDAY, MAY 9, 1939.
PAYNE &
& CO.
· COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
$1375 *£80
E96
£71 Eni £13
60
COMMODITY
MARKET REVIEW
(FROM PAYNE & CO.)
PAGE 12-HUNGKÖNG DAILY PRESS
MONEY AND
"EXCHANGE
H. K. STOCK.
EXCHANGE
The steady improvement shown
CLOSING QUOTATIONS throughout last week was main-
MAY 1939
On London:-
Telegraphic Transfer. 1/ 117 Bank Bills, on demand/2 11/1 Credits 4 months' sight 1/3 On Shanghai:
On Singapore
On demand
172
On demand
59 0/8
13
On Japan:
On, demand
On India.:-
Telegraphic Transfer. 181 3/4
and demand On New York:-
3 8 8 8 5 5 5 5 5 8.
Bark Bills, on demand 28 m/s Credits, 60 days' sight 29 1/8 On Batavia-
On Paris:-
On demand
Un Manila:-
On demand
HONGKONG
SHAREBROKERS’·
ASSOCIATION
Volume of Business Transacted...
on Monday, May 8, 1939.
800 $23.00
iained when the market opened. Telephones (0) this morning and Buyers are more Telephones (0) inclined to meet Sellers prices. Telephones (N)
Trams There was a fair turnover in Banks, Trams and Telephones, with Macau Electrics Buyers still unsatisfied and Sellers Electrics holding for higher rates.
Kowloon Buses
BUYERS
Hongkong Bink: $1355. Canton Ies, $225,
Douglases, $67.
HK & K. Wharves, $101. H.K. Docks, $17. · · Providents, $4,45.
HK & S. Hotals, $5j. H.K. Lands, $324. Humphreys, $7.
H.K. Realties, '$4.20 H.K. Tramwaya, $16.40. Star Ferries, $85. China Lights (0), $8), HK, Electrics, $55. Telephone (0), $22), Telephone (N), $7.
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
-
Bayar Beers
Balen
SHAREBROKEES ABSOCIATION MONDAY 8.
BuyersBaliaru Balon Womias
* 100 22.75 #1565 #1390 #1370)
..70 7.10
300 18.50
600
18.75
50 300
55.75
13.50
Messrs. The English Electric Co., Limited, Stafford, have secured a contract from the London and North Eastern Railway for 92
three-coach trains in connection with the Liverpool-street-Shenfield line electrification scheme.
China Lights (N), 35},
SALES
Sato
$67
15
880
$24
$4,40
MAY.
Banks
H.K. Banks
Do. (Col Rag.)
236
Do. Lon Bag.) Chartered Banks ..... Marcantile Bka. "A" Marcantile Bk "0" Wank of Bass Amis ... N. C. & & Banka
Insurances
Canton Insuranów ... Union Insurances .... $1.30 Underwriters 1190 H.K. Firestar
Shipping.
Dougiseparereagent
Stammbosta
Indo-Chines
HOW H⠀⠀⠀
C.D. .3228
$87
(Prof.)
Indo-Chinas (Def.)...
|.817 04]Shells
$8.40 Waterbosta
Docks, Wharves, "Godowns, etc. ..
H.K. & K. Wharves
| Providenta
Providants (Bow)
$101 $4.40
-***
H.K. & W. Dooks... 180
Do. (new)
$100 Shanghal Docks 8.
47.05 New Engineerings 8.
17/6 Kailans
$3.55 Rauba.
$3
Mining
Venezuels Gold Fide
ota, Hong Kang Min ...
Lands, Hotels and
Buildings
H.E. Hotels
140
****
:!⠀⠀
$440
101
31,30
$180.
$16
$30
834
81/3
8.40
LI
Un demand
53 3/8
Bank Bills, on demand 1080" Credits 4 months' sight 1192
Hongkong Bank, $1365/70, H.K. Tramways, `slał. Macao Electrics, 161. Telephone (0), $237/23...
$101
$181
$17
Un Saigon
Cements, $12.
107.3/4
Canton Ices, $1.
PHILIPPINE GOLD MINING
37 /18
Dalty Farms, $20.80.
QUOTATIONS
On Bangkok -
Wing On H.K., $45,
Monday, May 8, 1939.
On. demand
151-1/4
Entertainments, 30).
Centavos
17/6 38.55
Sterling Notes:--
Bank Buying Rate
1/2 7/8
Bar Silver per o
3/8
HK. Govt. 4% Loan 31% pm. H.K. Gott. 34% par.
SELLERS
Artamok
311
Atoks
31
Benguet Consol
11.70
Coco Grove
35
108
#51
Hongkong Bank, $1370. Union Ins., $4421. HK. & S. Hotels, $5.65. HK. Tramways... $16.60.
Consolidated Mlines
003
$321
$331
'H.E.. Lands
$331
San Mauricio
1,02
$100 Da. 4% Debentarse
$104
United Paracales.. Market Comment-Quiet.
59
.85 Shanghini Lands 8.
$10 H.K. Realties
$4.20
$7
SPOT JULY-SEFT.
OCT-DEC.
...
New York, May 6, 1939.
SINGAPORE RUBBER
May 5 buyers Bellers 27-1/2 27-3/4 27-5/8 37-7/8 27-3/4 28
May 6 buyers sellers 27-5/8-27-7/8 27-3/4 23 27-7/8 28-1/8"
change
up 1/8
M
The market opened 1/8 of a cent higher for all deliveries as com- pared with Friday's closing quotations.
T
In sympathy with advices received from London and New York dull 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 had a restraining influence upon ac- tivity.
Closing tone was quiet,
LONDON BUBBER
STOCKS
Adams Express
Alleghany Steel Co.
Market Report
FROM ROZA BROS
Silver prices were unchanged over the week-end" the quotations remaining at 20 1/4 for Ready and 20 1/6 for Forward. Silver advices reported Speculators AS having operated both ways. A small busi- ness was done. The market was steady. American Silver was quot- ed at 42-3/4 for Spot.
The London/New York cross-rate was quoted at 468.12. New York/ London was quoted at 468.1/p.
Market ..
T
•
NEW YORK STOCK EXCHANGE
QUOTATION
Humphreys ****
810 Chinese Estates
Cotton Mills
$18 E (8.)
8113 S'hal Cottone (B.)
$30 Zoong Singe (9)
40 Wing On Textiles (8.)
Publie Utilites
$181
SPOT
13.
$30
JULY-SEPT.
$18)
OCT.-DEC.
JAN.-MARCH
$18.40
818.45/184...
"Teadaways"
Peak Trams" (old) !..
ZA
$1640 16.60 $16)
Market idle,
19
Last Sale
MAY 7, 1939 STOCKS
$4
Peak Trams (new)
备
ぜる
Star Forries
Last Bale
May 6
May 6
71.
Ent. Tel.. & Tel.
61
181
88.30
18
Johns Manville
701*
Allied Stores.
73
Dull
J. & Laughlin Steel $7 pfd, 373*
Sterling
Allis Chalmers ........................................ Amerada Corps,
33
Kennecott Copper
317
Libbey-Owens-Ford
Glass
42
1/2.25/32 July/November and prob-
Amer. Locomotive
Amer. Metals Co.
Amer. Radiator
179.
Nothing doing. There were ser- Amer. Can lers at 1/2.3/4 May/October and Amer. & Foreign Power
* 172.23 / 32- November December, Ameri & Foreign #7 pf........
buyers at
1/2.13/16" Cash/June, American Gas & Elec.
ably 1/2.3/4 Decembe
U.S. Dollars
There were sellers at 28 13/16 first half May. 28 3/4 June. 28 11/18 July, 28.5/8 August, probably Arst half of September, buyers at 28 7/8 for cash, 28 13/18 first half of June, 28 3/4 July and 28 11/16 Arst half September.
Shanghai Dollars
Shanghai Market
"Sellers of Sterling at 8.1/4 US Dollars at 16 for cash...
Amer. Rolling Mill
Amer. Sting and Ring Co. Amer. Tel & Tel. Amer, Sugar Ring ......
Amer. Tobacco "B" Amer. Waterworks
Atchison. T. & S. Fe. Anaconda Copper
Auburn Motors Baltimore & Ohlo Barber Asphalt Co
Barnsdall Of
Bendix Aviation
88
Lockheed Aircraft
28..
B
14
Loew's Inc:
42+
$7
154*
Manhattan Shirt Co.
21/0
Tractions
337
Martin, Glen L
22/0
30
173
McKesson, Robbins
111
28 *
$14.
Monsanto Chemical
96)
818
21
Montgomery Ward
477
81
14)
Fat. Dairy Products.
147
42
Nat. Distillers ..
251
National Gypsum
158+
National Load
$21
201
$22.60 Y'mati Ferrin
Do. (new) Chica Lights (0) China Lights (New) Chins Lights H. H.K. Electrics ........ $16.80 Macno Electrica
Sandakan Lights Telephones (old) Talophones (new)
$17
Tractions (prať.) Industrials
Cald., Macg. (Ord.) 8. Cald., Macg. (Fred.) 8. |
Canton Icel
$12.60 Comenta
1,83.60 Rope
Diiscellaneous,
Dairy Farmane. Ets.
392
$3.30
$6.40
$55
$221
29/-
3:
*
#201
916
83
Nat Power & Light
Dairy Farm Kts.
$15
7-15/18 8
8-1/16 8-1/8
«8-1/8 8-1/4
8-5/16 8-3/16
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 operator's preferred sitting on the fence awaiting the outcome of the 'quota' meeting. Automo- $1.80 bile outlook is not so encouraging. Revised estimates of consump- $3,60 tion are around 45,000 tons for April and 83,000 tons for May-June.
CHICAGO WHEAT
Previous close
buyers
sellers
To-day's close buyers sellers
change
7-15/16 8 8-1/16. 8-1/8
urich.
8-1/8 8-1/4 8-3/16 8-5/16
H
71
$84
adu
91"
National Steel Corp.
Ch. E'tainments
$6.65
60
| Constructions
(old)
$11
241
Nat. Bupply Corpn.
81
Constructions
(new)
28
New York Central
144
#8
Lane Crawforda
38
25
Niagara Hudson Power
Nanyang Tobacco
84
51
|N. American Aviation
$1.80 Sinceres
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
$74
Watsons
$7.40
$7.46
Canadian markets closed on Monday.
131
North American Co............
214
64*7.
14
Northern Pacific
81
31% pm
11.5. Govt. 4% Zora
Ch. G.5% 1925G $Bda,
che
·04%
Previous
To-day's
$103
W
close
close
Change
وم
Pacific Gas & Mec.
301
par.
H.E. Govt. 31% Loan
$100
Dow Jones Industrial Averages
131.47
131.74
"up .27
and Bethlehem Steel
55
Pacific Lighting
$45
451
Boeing Airplane Co.
223
Packard Motors
31
Borg-Warner
241
Paramount Pictures
B
Biggs M'facturing
201
Pennsylvania R.R.
17#
资
14
4/2
AFTERNOON MARKET
Brooklyn-M'hattan Trans.
117
Phelps-Dodge
327
Sterling
September, buyers at 28 7/8 for
The market was very dull in the B'klyn-M'hattan $6 cum pf. afternoon.
Chesapeake & Ohio Chrysler Corpn. Columbla Gas & El. Columbia 6% "A" pl.
Nothing doing. The market closed with sellers at 1/2.3/4 May September and 172.23/32 October? December, buyers at 1/2.13/16 Cash, 1/2.25/32 July/November Commercial ..... and 1/2.3/4 December.
U.S. Dollars
The market closed with sellers
_a1_2813/16-first half May, 23-3/4 Continental Ol
June, 28 11/16. July and 28:5/8
August,
probably first half of
Corn Producta ...
cash, 28 13/16 first half of June. Deere & Co.
41
Phillips Petroleum
35+
Canadian Pacific R'way. ... Case, JI... Celanese
31
Public Service of NJ.
351
13
Pullman Inc.
252
181
Pure Of ....
32)
(Radio Corpn. of Am.
62
68+
Republic... Stee!
16
61
Reynold Tobac..“B”
361*
84 *
Richfield Of
8,
London, May 5
431
Safeway Stores
251
Commonwealth & S. (ord.) C'wealth & 8. 8% cum pt. Consolidated Edison Consolidated Oll
11
Schenley Distillers
14
57+
Schenley, 51% pfd.
31
Bears Roebuck
691
71.
Seversky Aircraft
*33*
Continental Can
361*
Shell Union 011.
117
231*
Socony-Vacuum Off
11t
564*
Southern Pacifc
War Loan, 34% (Red
after 1962) Canton-Kloon Ely. 5%
92-1/18
+
12F
Curtiss Wright (C)
51
Southern Rly $5 pfd.
Curtiss Wright "A"
251
Sperry
43
18-
Standard Brands
28 3/4 July and 28 11/16 Arst half Distillers Corpn. Seagrams September.
174
1898 (Brit Issue)..... 19 Chinese 4% Gold Loan, 67 Chinese 5% Gold Bonds,
1925-47
Union Insurance.
·301.. Gula Kalumpong Rubber 17/6 Allied Ironfounders....... 19/71 Asso, & Elec. Industries 37/104 Austin Motors, ord.
30
H.K. Wing On
S'hal Wing On ******
Vibro Piling
Marxmans Inv. (Lon.)
Marsmans lov. (HK)
Wm. Powells
Sal=
to Shanghai
LONDON 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.
N. Y. Commodity Market
(By Courtesy of Messrs. Swan, Culbertson & Frits and S. E, Levy & Company)
New York Cotton, July New York Rubber, July Chicago Wheat, July Chicago Corn, July Winnipeg-Wheat, July New York Hides, July
~51
Prev. To-day'a High Low Close Close Change
8.38 8.31 8.31 8.36 .05. up. 16.00 15.98 16.04 15.99 .08 of
74 73 731 74
514-
#up
unch.
667 € 88% ........ 10.57 10.45
̈857*
up
10.45a· 10.57
.12 up
NEW YORK COTTON-
Close*
Opening
Closing
Change
Cable & Wireless, New
Stand Gas & Elec,
3 *
Douglas Aircraft
625
Standard Oul of California
201
Du Pont de Nemours
142
Standard Oil of NJ.
Chin. 41%. Angio-French
Loan, 1909
J 3.
04
May
861 N
8.64/65
8.67/67
06 · up
Form, ord
444
July
8.31/31
B.-A. Tob, (bearer)
8,34/34-
B.38/34
.05
.95/7)
60
Cammell Laird, ord..... 8
October
7.81/82
7.85/85
7.85/86
.04 up
46)
Shanghai Exchange
Eagle Picher Lead
Stone & Webster.....
Chinese 5% Crisp Loan,
Mexican Eagle
December
7.64/64
7.69/70
7.72/73
.09 up
8/44
101
1912
38
Courtsuids
January
17.63 N
7.70/71
7.73°N
Eaton Mfg Ca
223
Swift International........
24/6
Shanghal, May 8 (Reuter).
Elec. Autolite
Chinese 5% Reorg. Loan,
Distillers
March
7.63/63
7.71/71
7.72/72
282
Technicolor. A
88/9
161
London
New York
Opening
0/8 15-5/8
Elec. Bond & share
1913 Ldn. Is.)
52
Dunlop Rubber
Spot
931 N
9.86 N.
.09 up .05
8
¡Texas Corpn.
25/9
381
Chinese 5% 8ter. Notes,
Elec. Bond & Share $5 pf.
Texes Gulf Sulphur
28**
Japan
Paris
Hongkong
***** 56-7/8,
5.48 53-3/8
Elec, Bond & Share $3 pi. "61}” Elec. Power & Light $7 pf. ́ ́ 201 Flintkote g------
1925 (Vickers)
171
Trans-America "Co.,
51
Chin. Imperial Rly. 5%
| 20th Cent. FOL
Loan
63
19)
20th Cent. Fux. $1' pt. ......
Spot
Open Market-Selling Rates Sterling
Opening Closing 0/8-1/4 . 0/8-1/4
Food Machinery Corp. Gen. American, Trans.
23
| Union Carbide & Cärbon
Hopan Rly. 5%.
21
74
Hukuang Rly. 5%, 1911...
22
442
Union Pacife ......
Gen. Electric (England) 79/41 Guinness (A) Bon & Co. 103/9 Hawker Siddeley Airc... 18/6 Bristol Aeroplanë ...................... 20/3 Imperial Chemical Ind. 30/6. Imperial Tobacco
NEW YORK RUBBER"
May
15.93/93
12/41
933
"Hukuang Rly. 5%, 1911
Gen. Electric ......
341
United Aircraft
Marks & Spicer "A" ord. 5919
·July ***** September December March
16.04/04
16.04/05
16.06b/07a
16.10 N
15.85b/90
16:006/03a 15,98/98 ..06. of 16.00b/05a 15.98b/16.01204; off 16.00b/03a 16.00b/028 16.00b/03a 16.02/02
.03 off
.05 diff
08-of
371
(German Issue)
204
Gen. Motors ...
441
United Airlines Trans.
Rolls Royce
104744
To-day's Sales:-210 tons,
101
Lung Tsing & U, Hal Ely.
Gen. Railway Bignal Glidden. Co.
161
United Corpn.....
Leyland Motors
28/9
24
-5%
181
United Corpn. $3 cúm ̈pf.
Tate & Lyle
50/104
Jime
July
U.S. Dollars
Spot
May
June July
15-29/32 15-27/32 15-13/16
May0/8-7/32 0/8-13/64 Goodrich (B.F). 0/8-11/84 0/8-4/64 Goodrich $5 pf. 0/8-1/80/8-5/64 Goodyear Tire & CO. ...........
Great Northern Iron Ore ... •127* Great Northern Rly, pid 201 Great Western Bugar |Greyhound Corpn.
316-1/16 $16-1/18 .16
15-31/32
S'hal-N'King Riy. 4%25
Turner & Newall
May
CHICAGO WHKAL 747/743
761/751
162
United Gas Corpn......
76/6
Tientsin-Pukow Rly, 6%.
United Gas Improvement
United Steel ......
July
23/3
731/734 731/731
-732/74/
121
(Brit. Stpd.).
18
201
78. Rubber
Smethwick Drop Forg...
381
Tientsin-Pukow Rly, 5%
15/0
September
731/731 733/73)
734/137
99€
up
US. Rubber $8 pid:
Armstrong Stevens, ord 7/8
Friday's Sales:-19,189,000 bushels.
97-
US. Steel
47
27-
[Vanadium
194
181
Warner Bros. Pict.
5
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl, Loan) 18 Tientsin-Pakow Rly, 5%
18
Freshed Steel, com.
17
Vickers, ord:
CHICAGO CORN
19/4
Woolworths
61/3
May
487/494
494/407
Anglo-Dutch
23/9
July
514/511
*51/511
51/511
unch
Hecker Products
15-23/32 Homestake Mining &
Industrial Rayon International Harvester Int. Nickel
112 €51 19**
Westinghouse ‹ Rec.
924
573* 478
“bld.
Market:Quiet,
Merchant Rates
Sterling, 0/8-7/32. Dollars, $16.
Süver Duty Rate The Central Bank of China's rate on London at:10 am: to-day was. 1/3-1/2d. unchanged from Baturday
The Equalisation rate was 7 per
cent.
1930
DOW JONES AVERAGE
High Low Dow Jones Averages, 15485 121.44 30. Industriala --34.23 - 24,1490 Raile
26.52 20.71 -- 20. Utilities 89,29 87.08′ 40 Bonds
May 7, 1923
May 6, High Low Close Change Chinese Eng & Mining ég
(bearer) Chosen Corporation
131.47 184.01 181.43 181:74.17. ap
26.66 26.93 $3.95 28,88
08 ap 32.90 23.12 SR.95 $310 20 P Pekin Byndicate
488901 up
That Elec, Constr. Co. 15hali Waterworks “A”
6845
49.12 46.59 11 Commodity Index: 48.8%
Woodward Iron Cor.
171*
| Chase "National Bank
32*
National City Bank
241*
(Ger, 8tpd. Supl. Loan). 18 Jap. 5% Bler, Loan, 1907 354 Jap. 6% Ster, Loan, 1924 42 Ger." 7% Intl. Loan, 1924 Chartered Bank
34
77
1-ex/div.
HK. & 8hat Bank (Ldn
Regi
85
H.K. & Bhai Bánk. (Cul-
Reg.)
Rub. Plant. Invest. Trust 25/9 Burma Corporation Commonwealth, Mining.. 1. Marsinan Investments... 14/46 Randfontein Estates.... 30/104 Western Holdings ......... Sub-Nigel
September
$17/62
52/517
617/52
unch.
8/3
WINNIPEG WHEAT
May
05/05
651/651
11
200/9
17/6
Tanami Gold Mining...... 3d Anglo-Iranian Burmah
80/71 81/101
June.
September
5/0
Shell Trans. ¿z Trad;
NY, Silver Official
42-3/4
20
(bearer)
81/101
Nominal
25
Bucknow Done180,000 shares
'191*
July October
661/87
651/003
661/684 671/67] 871/671 19
NEW YORK HIDES: (New Contracts).
10.41b/45a
10,80/82
| NY-London Cross Rate 4.68-1/8
10.41b/45% 10.57/57: 10.806/85a 10.96/96 ________ 4.60-1/6
48.053/40a48.05b/35a 60 upSeptember.
unqusted,
47.75
05%/6590
998
NEW YORK-STRAITS TIM
No comments yet.
Private notes are available after approval.