1939-05-30 — Page 12

$16.53

Last Sale

MAY 28, 1939 STOCKS

Last Sale

$661

11

May 27

May 1

71.

7}

17

Johns Manville

751

82

357

Kennecott Copper

321

$554

Amerada Corpa

584

Libbey-Owens-Ford

Glass 481

Amer. Can

89

Lockheed Aircraft

281

$231

Amer. & Foreigh Power

23

Loew's Inc.

451

$7.65

Amert & Foreign. $7" pi....

191

Manhattan Shirt Co.

American Gas & Elec,

347

Martin, Glen L

35.

On Singapore:-

MONEY AND

Amer. Metals.Co. Amer. Radiator

EXCHANGE Amer. Rolling MI!

CLOSING QUOTATIONS Amer. Tel. & Tel.

MAY 27, 1939

On London:--

Telegraphic Transfer. 12 25/32 Bank Bills, on demand/2 25/32 Credits 4 months' sight 1.5 1/39

On Shanghai:--

On demand

On demand

On Japan:-

Th Bendix Aviation

Amer. Locomotive

19

McKesson, Robbins

* 281

Monsanto Chemical

98

121

Montgomery Ward

141

Mat. Dairy Products

161

813

Amer. S'ting and Ring Co. 431 Amer, Sugar Ring

Nat. Distilk

251

$3.70

National G

121

1641

National Load.......

$99

22

Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison. T. & S. Fe. Auburn Motors Baltimore & Ohio Barber Asphalt Co Barnsdall Ol

821

Nat. Power & Light

$16

71.

10

National Steel Corp.

63

243

Nat Supply Corpn.

87

30

New York Central tip

15.

Niagara Hudson Power

63

PAGE 12-HONGKONG DAILY PRESS

Chinese Universities Manufacturing Own Scientific Apparatus

CHUNGKING,, May 29 (Central)-The West China Union Universlty and Soochow University in Chengtu, in co-operation with the Bureau of Education of the Szechwan Government, are now manufacturing scientifle apparatus and educational supplies needed by the secondary schools and other educational institu- tions throughout the province.

"

RAILWAY FACTS AND FIGURES

Improvements Cost £20 Million

M

་

of

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Buyers | Ballers

$1986) #1405) $100!

...

F༄༅ tགོོ བྷྱོཿ#F+1i

$180

$87

SHAREBROKERS ASSOCIATION

SATURDAY 27.)

Burare allert

". "MAY.

$80

Banks

HK. Back

$1400

Da (Cal Bag} **

Do. (Lon. Beg.).

£842

BT

Chartered Ranks

837

Mercantile Bks, "

£13

Marcantile ELC (“C”

£13

$80

Baak of East An

[N. C. & 8. Banka ...

173 otk

-Insurances

$130

Cinton KasuEDOEN ....

#2221

Union · Iosurince...

$1.35

$1,30 | Underwriters

H.E. Firen

Shipping

1180

Douglases

367

***

$15

Stadimbouts

100

Indo-Chines

(Prot.)

$30

88/10 Shells

$107

$107 $4.80 483

$18

"In the 1939 édition at the booklet "Facts About British Railways," it Is stated that although trade in every category have fallen below those of 1937 and the net revenue for the year le only just above the Agure for 1932, the services and 2435 The manufacture of this type has three to six experts to super-equipment of the railways have not of apparatus and supplies "began vise the work of their subordinate suffered.

Both passenger and freight last March, when the Universities' technicians, held workers, research

schedules have been accelerated authorities considered it too ex-fellows and manual workers.

schemes of improvements According to plans formulated, and pensive to Import such articles from foreign countries. One unit by the end of the academic year affecting tracks, signalling installa- of Auld extract of gentian from 1939-40. the biology section will tians,, depots and stations have abroad costs $9.54 (pre-war price). have completed model specimens been carried out in different parts whereas it can be prepared in uni-sufficient for the use of all middle.or the country at a cost versity laboratories for only 70 vocational and normal schools in £20,000,000.

The safety of raway travel is cents; similarly, an anatomical Szechwan Province; by 1940-41; for model of a human body from similar schools in the Northwest indicated by the fact that the risk abroad costs, under present pre-and the Southwest: and by 1941-1of death to travellers in train vailing currency exchange. $120.42, for all universities and other accidents during last year was one while one made locally costs only institutions of higher learning in in "232,000,000 passenger journeys.

Streamited heavy oil rail-cars $30.

Szechwan.

The physics section, similarly, now dally cover 3,634 miles. and In March of this year, a three-

programme will be able to supply laboratory experiments are being made with year manufacturing

for Junior middle new motive power units. 110 ex. was formulated by a joint com- apparatus mission of the West China Union schools by 1939-40, and for sentor press passenger trains run at start- University, the Boochow University middle schools by 1940-41. By the to-stop speeds of 60 miles an hour (which is

conducting its end of 1941-42, apparatus for class-and over, covering distances vary- academic activities in the W.Croom use in secondary schools in Jing from 28 to 299 miles at a time. The world's longest regular non- U.U.'s campus) and the Bureau of the province will be supplied.

The chemistry section is charged stop runs are made by British Education of the Szechwan Pro-

Government. The pro- with the production of chemical railway trains the "Tying Scots- vincial gramme which is to be completed supplies from native materials for man" between King's Cross and at the end of the "fiscal year of use in middle schools throughout Edinburgh, 3924 miles, during the and the "Royal Scot" 1941-42, will require a total capital the province, by the end of 1940-41. summer,

and for use in universities by the between Carlisle and Euston, 299 'Investment of $500.000.

miles, all the year round. end of 1841-42),

now

Boxer Indemnity

J

Of this amount, $300,000 will be supplied by the Provincial Govern- ment in three instalments, while it is hoped that the Ministry of Education of the Central Govern- 'ment and the British Boxer In- demnity Fund will contribute the rest.

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express Alleghany Steel Co. Biological, physical; and chemi-Allied Stores cal apparatus and supplies are be- ATis Obalmers ing manufactured in the labora

tories. Each of the three sections

QUOTATION

Int. Tel, &'Tel.........

J. & Laughlin Steel ST pfd. 48

495

341

$7.90

Indo-Chinas (Def.)...

88.40 Waterbosta

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves Providenta

Providente (new)

$4

H.K. & W. Donka... $17.90

Do. (new)

$107 Shanghai Docks 8. $7.70 |New Engineerings 8.

210 Kailani

$3.18 Raubs

Mining

$3 Vaneznala Gold. Fida

4 eta. Hong Kong Hines ... |Lands, Rotels and Bulidings

$5.65 H.K. Hotels. H.K. Leads woundi 3100 Do. 4% Debentures FL85 Shanghai Lands 8.

H.K. Realtive ................ Humphreys......

$102 Chinese Estates

Cotton MIRS

#113 8'hal Cottona (5.). 330 Zoong Singh (8.)

R$

***

$1

Wing On Textiles (15.) Pablle Utilition Tramways

||

Peak Trams (old)

Peak Trams (new)

Star Ferries

$22.70 'mati Farris

++

Do. (new)

China

Chilus Light (0)

La

#

*

.

#437)

TUESDAY, MAY 30, 1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.)

$15

850

$20 80/101

6.40

8. P.O

JULY-SEPT.

$108

$108

$7.00

21/6

$5.86

#35) | #351 | 8854

£104

$4.45.

***

$50

Full Malayan Rubber Statistics for April were released follows:-

£5

Apr. 1939 Mar. 1939

Dealers' stocks in the whole of Malaya Malayan Estate's stocks

1318,50 $113 342 $491

"Production on Estates of over 100 acres

Estimated Production on Estates of less than

28.174 28,900 tons 44,875 50,488 16,699 18,730

100 acres

11,996

4.484

$16.80

LONDON RUBBER

$9

34

Frevious close To-day's close buyers sellers buyers sellers

Change

SPOT

8-3/16 8-1/4

JULY-SEPT

OCT.-DEC.

CLOSED

8-5/10

8-3/8

8-18 9-7/18

8-7/16 B-1/2

NEW YORK COTTON

After an easy opening, the latest news from Washington deve- loped a strengthened sentiment with new speculative buying and short-covering entering the market. Trading was active with most support appearing for more distant options. Towards the close, the bright mood of the market was somewhat damped, and some of the early gains disappeared.

NEW YORK RUBBER

This market was closed.

CHICAGO WHEAT

Prices moved lower on precipitation which brought about some

quidation and speculative selling. still dominated the market.

OCT. DEC.

28-3/4 29 cts, 28-1/2 28-3/4 29-3/4 39 cts.

In comparison with Friday's closing rates the market opened with prices unchanged for forward options, but 1/8 of a cent higher for immediate delivery.

Quiet and dull conditions prevailed throughout the session, ac- tivity being at a low ebb due to the approaching Holidays. Also the sharp decline in Motor-car-production in U.S.A. during this week, which was attributable to the strike in Detroit, coupled with fears of a possible spread of the strike-movement was depress- Ing factor.

IL

Towards the close of the session the market became alightly Closing tons easier, prices declining by 1/8 cent for all deliveries. was duli,

New York. May 27, 1959.

SINGAPORE RUBBER

May 28

buyers

May 27 dellers buyers sellets

28-3/8 28-5/8

28-5/8 38-7/8

change

up 1/4

28-1/2 23-3/4

· 140

$18.60

(New)

Chips Lights Re

JAN, -MARCH

8552

H.K. Electric

$56

1554

Market closed,

$18

Maces Electrica ................

Sandaken Lights

Telephone (old) Telephones (new)

2010 Trmotions

22/9 Tractions (prať.) Industrials

Cald., Macg. (Ord.) 6.

1:23]

$7.65

23/

Чан

Bopes................

Dairy Farma x, išta.

Dairy Farin Rt.

$8.80 Ch. E'tainment■ -->

#1.30 Constructions (ald) $1.35

Constructioni (new)

$14

$18

Cald., Macg. (Fref.) 8.

Cantón, los a

Cementa

$3.70

Miscellaneous

$29

$18

98.80

813

$8

Lane Crawforda

fresh

Nanyang Tobacco....

$1.80 Sincares -

$1.80

51

14

N. American Aviation North American Co.

164

Watsons

$8

22

634" Cb. G.5% 19250 3Bdr.

63+%

Dow Jones Industrial Averages

Weather considerations

Previous To-day's

close

close Change

136.09

136.80 up 71

141

Northern Pacific

}

H.5, Gori, 4% Losan

42pm)

$104

232

173

Pacific Gas & Elec.

301

H.K. Govt. 84% Loan

$100

DAY.

Bethlehem Steck

584

Pacific Lighting ....

47

$41

H.K. Wing On

541

'hai Wing Op

32 7/8

101

Bilss & Co.

Packard Motors

31

231

Boeing Airplane Co.

Paramount Pictures

91

On demand, ............

105. 1/2 Borg-Warner

247

Fennsylvania R.R.

183

17.6

1/2

213

On India:

Biggs M'facturing....

Phelps-Dodge

33

#!

On demand

On Paris:-

Bank Bills, on demand 1087

On Saigon

On demand

On Manila:---

On Bangkok

On demand

Telegraphie Transfer. 8 5/8

and demand

Un New York:

Bank Bills, on demand 28 13/18

Credits, 60 days' "sight 29 5/16 Celanese....

Un Bataria :-

63 7/18 Chrysler Corpn. ...

Brooklyn-M'hattan Trans

11

Phillips- Petroleum

35)

B'klyn-M'hattan $6 cum pí. Canadian Pacific H'way. Case. J.I.

Public Service of NJ.

3T1

41.

Pullman Inc.

Th

281

Pure Ou

LONDON STOCK

Vibro Piling

Karamans Inr. (Lon.)

Maramans Inv. (H.K.)

[15 cts. Wm. Powella song

*Balms to Shanghai ||

EXCHANGE

75.cts.

N. Y. Commodity Market

(By Courtesy of Messrs. Swan, Culbertson & Frits and 8. E. Levy & Company)

Prov. To-day's

181

Radio Corpn. of Am,

B

High Low

Close Close Change

34

Chesapeake & Ohio

Republic Steel

16

691

Reynold Tobac. "B"

371

(REUTER'S SERVICE)

Columbia Gas & E..

61

Richfield Oll

+8

London, May 26.

882

Columbia 6% “A” på.

Safeway Stores

40

Credits 4 months' sigtit 1129

477

Commercial

Schenley Distillery .....

134.

Commonwealth & 8. (ord.)

13

Schenley, 54% pfd.

1 1/2

C'wealth & 8. 6% cum pf.

593

Sears Roebuck.

751

The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirms... 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, June

£

£

31

Consolidated Edison

Seversky Aircraft

34

On demand .............. 57. 7/8 Consolidated Ou

Sterling Notes:-

Back Buying Rate

Bar Suver per 02.

Shanghai Exchange

Continental Can

150 3/8 Continental Of!

Com Producta

...1/931/32 Curtiss Wright (C)

20

Shanghai, May 29 (Reuter).

77

Shell Unton Oil

11+

War Loan, 31% (Red

381

Bocony-Vacuum Oll

111

after 1952)

951

23

Southern Pacific

14

611

Southern Rly $5 pfd.

221

Canton-Kloon Rly. 5%

1898 (Brit. Issue)

101

Chinese 41% Gold Loan 07}

-51

Sperry

44

Curtiss Wright."A"

261 Standard Branda

20

Deere & Co.

Stand Gas & Elec. ............................

3

19

Distillers Corpn. Seagrams

Standard Oil of California

251

Douglas Aircraft

708

Standard Oil of N.J.

441

Chinese 5% Gold Bonds,

1925-47 ...............

Chin. 41% Anglo-French

Loan, 1908 ...

Chinese 5% Crisp Loan,

63+

109

Da Pont de Nemours

1461

Stone & Webster

1912 *******

Eagle Picher Lead

Swift International

Chinese 5% Reorg. Loan,

Opening Eaton Mfg. Co.

221

Technicolor

16

1913 (Ldn. Is)

*52

London

New York

Japan

Parts

0/8

Elee, Autolita

291

Texas Corpn."

Chinese 5% Ster. Notes,

15-5/8

56-7/8 5.48 53-3/8

Elec. Bond & Share Elec. Bond & Share $5 pt.

81

Texes Gulf Bulphur

201

1925 (Vickers)

541

Trans-America Co.

Elec. Bond & Share $8 p.

63 *

20th Cent. FOX

217

Loan

Elec. Power & Light 37 pf. Flintkote

SANG

Food Machinery Cary.

Gen. American Trans.

Gen. Electric banda

Spot

9/8-1/4 0/8-1/4

Gen. Motors

May

June

0/8-7/92 0/8-7/32 Glidden Co.

July

U.S. Dollars

Goodrich $5 pt

Goodyear Tire & Co.

Spot

May

June

July

MAN 18 V Great Western Buger 15-15/16 15-15/18 Greyhound Corpn.

Hecker Products

Homestake Mining

Industrial Rayon

Hongkong

Open Märket-Selling Estes Sterling

Opening Closing

0/8-15/640/8-15/64 Gen. Railway Signal

0/8-3/160/8-3/18 Goodrich (BF)

316-1/16 $16-1/16 Great Northern Iron Ore ...

16-1/16 16-1/16 Great Northern Ely, pía. 221. -18

Market: Quiet but steady.

Merchant Rates

Sterling, 8/8-7/32.

Dollars; $16.

V SILVER DUTY RATE

The Central Bank of China's

rate on London at 10 am, to-day

was 1/2-1/26. unchanged from yesterday

International Harvester, Int. Nickel

.1939

Combid

DOW JONES AVERAGE

High Low, Dów Jonna Armengen

15485 191.44 20 Industriala

24.23 94:14 20. BAIN

28.5 20.71 30 Utilitie

The Equalisation rate was 41 per 2 87.06 40 Bonds

cent.

May 25, 1839,

hay thế định Lodove. Care 136.09 137.18 136.10 188.80 $97,780 281 29 17.85 2818 *23,54, 38,73 13,58. 21.86

86.95

61.09 45.59 11' Commodity Inder $1.00

27

20th Cent. Fox. $13 pf.......

Bonan Rly, 5%

21

Union Carbide & Carbon

76.

281

Union Pacific.

981

47

United Airerart

38

United Airlines Trans.

387- 101

United Corpn.

→ 21

·IBF·

United Corpa. #3 cum pl.

25

17

United Ges Corpn.

2

174

United Gas Improvement 13

581

US. Rubber..

412

.28

US. Rubber sa pfd.

108

141

U.B. Steel.

49.*

Vanadium er

201

281

・美

Westinghouse Hec.

12

Warner Bros. Pict.

Woodward Iron Car..

Chin. Imperial Ely. 5%

Hukuang Rly. 5%, 1911...

Hakuang Rig. 5%. 1911

(German-Issue) 201

Lung Tsing & U Hai Rly.

5%

Bhai-N'king Rly Tientsin-Fukow Ely

(Brit. Stpd.) ZA LE Tientsin-Pukow Bly%

(German 8tpd.) ..................... Tientsin-Pukow Riy. 5%

(Brit. Stpd. Bupi Loan) 18. Tientsin-Pukow Riy. 5%

(Ger. Stpd. Supl Loan) 18'

18

28

17.

Jap. 8% Bter: Loan, 1907301

82

191

Chase National Bank National City Bank

331

251*

Jap. 6% Ster. Loan, 1924 441 Ger. 7% Int Löwn, 1924 38-

60

491

Chartered Bank ..............

HK. & S'hal Bank (Ldn.

Reg.)

༔ཎྜཱ ྂ་་་ ཤྩ ཐཱཐཱཨཔྤཨསྶ

Union' Insurance

30*** Gula Kalumpong Rubber 19/4) Allied Ironfounders

19

ABLO. & Elec. Industries 38/6 Austin Motors, ord... 30/9 Cable & Wireless, New

Closà

8.92/93

Form, ord.. B-A Tob. (bearer)

524 100

Cammell Laird, ord. .. ... 8/3

Mexican Eagle

9/14-

Spot

July October December January March May

8.03 8.91 .02 of 16.39 closed-

ማሽ 18478 off 502-

661 651

11.00 11.00 11.02N 11.01N 01

NEW YORK COTTON

Clostag Opening

8.91/01" 8.90/91 824/24 8.21/23 8.33/24 8.00/01

8.02/04

8.09/12

1.95/45 7.96/96 8.60/08 7.91791

7.90/50 7.92/92 9.82 N

hangė

8.94 8.80

79

51+

517 51

109

7.94/94 7.98/98

7.98/98 9.77 N

UREBRED

354

Courtauld's

27/41...

Distilleża

94/9

NEW YORK RUBBER

Dunlop Rubber

28/7

171

Gen. Electric (England) Guinness (A) Son & Co.

79/71⁄2 **

July

16.39/39

110/0

Hawker Siddeley Airc. 19/10). Bristol Aeroplane

September December

18.40b/42a

CLOSED

16.45b/47a

Imperial Chemical Ind.

21/73 March

18.48b/52a

31/1

Imperial Tobacto

133/9

CHICAGO WHEAT

Marks & Opper “A”: ord:- 65/6

Rolls Royce

July

781781

781/784

108/9

Leyland Motors

·93/15

September

-781/781

781/181

Tate & Lylé

83/8

December

791/791

-789/784

Turner & Newal

Friday' Bales: 37,231,000 bushels,

United Breet

24/41)

Smethwick Drop Forg..

15/6-

CHICAGO CORN

Armstrong: Stevens, ord.

b/s

Pressed Steel, com.

18/101

July

511/511

51p/514

51/501

Vickers, Toru

Woolworths

64/104

September December

· 53/531

521/521

52/524

off

-53/534

52#/524

Anglo-Dutch.....

28/8.

WINNIPEG WHEAT

Rub. Plant. Invest. Trust 27/2 Burma Corporation ......... 8/7/ Commonwealth Mining., 1 Märsman Investiments... 17/3 Rändtonbeth Estatës

May

65/65

642/841

July

*657/65%

Octaber

674/671**

672/674

67/671

40/11

NEW YORK HIDES

Western Holdings

Sub-Nigul

HK & Bhat Bank (Col

85

Chinese Bor, & Mining

(bearer)

40:11p

71 P Chosen Corporation

Pekin Syndic

11 up

10

15.pg

Burmah

Tanami Gold Minini Anglo-Iranian

Shell Trans.

(bearer)

June

September

December

79/4

NY Bliver, Official

88/101

September

11.02 N 11.00/00)|

11.41/41 11.70b7804

13/40/44

10: 42-4/4 NY-London Cross Rate 468-3/18.

NEW YORK STRAITS TIN

11.78/79

1101 N 11.40/40 1172 NA unquoted 4.68-3/18

१६६

07

18.256/706

Closed