FACE 12-HONGKONG DAILY PRESS
MONEY AND
Britain Hits EXCHANGE Back: Ban On CLOSING QUOTATIONS Jap Goods
JULY 3, 189):
On London
Telegraphic Transfer. / 11/18 Bank Bills, on demandi/9 11/16 Credits 4 months" sight 1/9 15/18 On Shanghai:-
On demand
On Singapore:-
217
On demand
On Japan:-
On demand
104 3/4
On India-A
Telegraphic Transfer.
and demand
81 7/8
Un New York:
· Bank Bills, on demand 28 5/8 Credits, 60 days' sight 19 1/8
On Batavia :--
1
On demand
On Paris St
||
# 63 3/4
„Bénik" Bills, on demand 1980 Credita 4 months' sight 1122
n
On demand
On Saigon
207 3/4
Un Manila:-
On demand
37 1/2
On Bangkok -
On demand
151 3/8
Sterling Note:
Bank Buying Rate
1/9 7/8
Bar Silver per os.
18 1/18
H. K. STOCK EXCHANGE
AUSTRALIAN
TRADE WITH JAPAN
Australia is following closely the
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCRATER
SHARENKOKIES. ASSOCIATION
Duyare Bullers Belen Momida
HONDAY 9.
Britain is preparing immediate Tientsin situation, expecially $1320 economic measures against Japan cables from London suggesting
1.3
a reprisal for the Japanese that Britain is considering econo- blockade of the British concession mic reprisals. in Tientsin.
The Minister of External Affairs.
The Board of Trade has been Sir Henry Gullett, sal that the ördered to rush through a report Commonwealth had not received on the most effective steps to be notification or British economic
sanctions. .... taken. These are likely to be:
1. Increased tariffs on Jap- anese foods entering the Unit- ed Kingdom.
2 Currency restrictions, 3. An embargo on Japanese shipping using Imperial har-”
boura
Federal circles are especially in- terested, because Canberra is at present negotiating a short-term trade
Japan. agreement with which last year bought nearly £6,000,000 worth of Australian goods.
Nevertheless, the "Sydney Morn- The blockade is attributed to the ing Herald" is of the opinion that growing strength of the Japanese] Australia must support economic military party. It is believed that reprisals. If they are regarded as it is the prelude to a united Japnecessary, on the ground that no anese. movement against Britain's
part of the Empire is more for- trade in the Far East and in par midably affected than Australia by ticular to a similar move against the destruction of Britain's post- Shanghai.
tion in the Far East Noze, has more to fear from the triumph of Japanese militant imperialism.
"Appropriate Measures”
A hint of Britain's intention was given in the Commons when the
Premier was asked if he would be permitted to defy treaty obliga inform the Tokyo Government that] Mons unless the Japanese blockade was America is in full accord with discontinued, he would deny the use of the ports of Hongkong.
Penang
the to Singapore, and Japanese.
London and Parts, and "Aus- tralia has been drawn into the consultations which are now taking place. Every effort will be made, to protect citizens of the British Empire in China. Preparations are being made to in reinforce are
the British Fleet
Mr. Chamberlain replied that appropriate measures were being examined.
Britam and France
With the exception of a fairly large line of Government. 31% Ioan done at 1/8% discount, the agreement that Japan must not Chinese waters.
market was dull and very quiet.
BUYERS
HK. Bank, $1320.
Union Ins.. $425,
HK. Lands 4% Debentures, par..
China Lights (0), $8.15.
Cements, $124.
Wing On (HK), $41.
HK. Govt. 4% Loan 4% pm. “ SELLEKS
Canton Ins., $230. Union Ins., $435.
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express,
QUOTATION
. 19
in
*******
8.40
$165
"JULY.
Banks
$1325
H.E... Banks
9701
***
###
134
21
$60
#1835
***
Do. (Col. Bag). Do (Lou Bag.) --- Chartered Bank
.....
835 Mercantile Bks. "A" Mascantile Bka "C"! Bank of East. Arla, vie W. C. & B. Banks
** Insurance
Canton InwaLTIDOOS 4873 Union Insurances $1.35 Underwriters
H.K. Firs
Shipping
*
187 | Dougla $15 164eabosta
Indo-Chinsa
Indo-Chinas {Def.)...
$60
IND
81/3 Shells (98.10"| Waterboats
Docks, WharvES, Godowns, oka.
$110 H.K. & K. Wherre $4.65 Providenta ̈
***
Frovidente (now)
118.30 HK & W. “Docka.......
Do. grundgren #108 18hanghai Docks 8.
$8.30 New Engineerings 8.
Mining
17/9 Kailan
Brabe
Venezuela Gold Fide
ota Hong Kong Ming ...
•Lands, Hotel and Buildings
H.K. Hotels
H.K. Landa me Do, # Debenburgs
$6 Shangha Lands B. 130 E.K. Beaīties ....... 381 Humphreys
$100 Chinese Ertates
Cotton Mis
#18) Ewe (6.)"
#113 S'hal Cottons (8.) $42 Zoong Sings (8.)... $48 Wing On Textiles (8.)
Public Utilities
$181/80
Tramways...
$7.40 Peak Trams (old) $3.70 Pank Troms (9) $66 Star Ferripe vin.......... $29 'mati Ferries
・Do. (10) ---
#China Lights (0)
41, 1948.
***
*****
£18 $80 150 ata
$995
¥440
$185
$67
$10
TUESDAY JULY 4, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
1850
$30
81/9
SPOT
AUG.-SEPT.
110
OOT.-DEC.
$4.60
$18
BLOS 8.30
17,9
(FROM PAYNE & CO.)
New York, July 1, 1989.
SINGAPORE RUBBER ·
June 30
July 1
buyers sellers 28-3/8 38-5/8
buyers sellers change
28-1/8 28-3/4 of 1/4
28-3/8 28-5/8 of 1/8
28-1/2 28-3/4
28-9/16 28-13/16 28-1/2 28-3/4 off. :1/18
The market opened 1/8 of a cent higher for all deliveries as com- pared with Friday's closing rates.
The market displayed a steady undertone with a good demand for "actuals" by consuming "centres. There were also fair enquiries for futures by dealers and speculators in evidence.
The better sentiment was attributed to more reassuring political news from Europe as well as to a continuance of encouraging busi- ness prospects in U.S.A., although Motor-car production showed a slightly more than anticipated decline for the week ending June 30, which however, was ignored by the market.
Closing tone was quietly steady,
LONDON RUBBER -
To-day's close buyers sellers
$5/70
1100
Previous close
$4.80
$5.40
buyers
sellers
SPOT
8-3/16
8-1/4
OCT-DEC.
8-5/16
8-7/16
$18,80
JAN.-MAR
8110
8-378
8-1/2
140.
Market closed.
$45
$161/160
CLOSED
17:40 ::93.70
NEW YORK COTTON
The market again displayed an easy appearance at to-day's opening, with a lower adjustment of prices. However, a better tone was evinced later, and the market became quiet but arm. Prices ad- vanced on trade and speculative buying. "Bear" covering also im- parted some impetus to the advance: Some strength in "spots", was in evidence. However, uncertality continued to prevail over the sub- aldy question. On the whole, price movements were confined to a narrow range.
Last Sale
July 1
JULY 2, 1939. STOCKS
Last Sale
July 1"
Alleghany Steel Co.
141*
Int. Nickel
$8.3d
461
580 China Lights (New)
#51
Allied Stores
81
Int. Tel."& Tel
8
Chine Lights Rt.
Allis Chalmers ...............
324
Johns Manville
67)
$55
H.K. Electrics
BASTIAN
$564
Amerada Corps.
J. & Laughlin Steel 7 pia. 40*
$18
Macro Election ........
Amer: Can
921 Kennecott Copper
314
$12
Sandakan Lights.....
H.K. Fires, $185.
Amer. & Foreign Power
Libbey-Owens-Ford
Glass
#23
Telephones (old)
NEW YORK RUBBER
44.
HK. Lands; $35.
Watsons, $84.
SALES
Union Ins.. $432).
Providents, $4j.
HK. Tramways, $16.40.
Cements, '$12.80.
H.K. Govt. 31% Loan $99-7/8.
PHILIPPINE, GOLD MINING S
QUOTATIONS
Ameri & Foreign $7 pf....
16
Lockheed Aircraft
$7.70 Telephones (new)
$7.30
241
19,0 Tractions
*2/-
Market closed.
American Gas & Elec.
331
Loew's Inc.
401*
Amer. Locomotive ·
154
Manhattan Shirt Co.
111
22,8 Tractions - (prať.) Industrials
Amer, Metals Co.
**28**
{Martin, Glen L
311
$14
Cald., Mang. (Ord.) 8.
Amers Radiator ....
111
McKesson, Robbins
$18
13*
Cald., Macg. (Fref.)`8. |
Amer. Rolling Mill.............12)
Monsanto Chemical
$1
Canton Too
96
Amby, S'ting and Ring Co. 38)
Montgomery Ward
314
49
Kat. Dairy Products
15
Amer. Sugar Rang
Nat. Distillers..
Amer. Tel. & Tel
158
25
Centavos
Amer. Tobacco "B" Amer. Waterworks
B4
National Gypsum
91
991
National Load
81
18+
Nat. Power & Light
Anaconda Copper
221
7*
Atoks
19}
National Steel Corp.
Antamoks ...
Atchison, T. & S. Fe.
251
531
10...
Auburn Motors ...
2 \
Nat Supply Corpn.
77
Bagulo Gold
21
New York Central
Batong Buhay
012
Baltimore & Ohto
41
..134
Niagara Hudson Power
***
Benguet Consol.
10:40 Barber Asphalt Co
11/
6t
N. American Aviation
14
Big Wedge
10
Barnsdall Oil ......
Consolidated Mines
002 Bendix Aviation
211
North American Co
201
4Xpm
14
I X L.
45
Bethlehem Steel
521
Northern Pacific-
གནྟྭཱ
841
Pacine Gas & Mec
Itogons
23
Bilss & Co.
81*
301
Pacifc Lighting.
Masbate Consol,
101.
Boeing Airplane Co.
191
451
188-
Packard Motors
Mine Operation:
14
Borg-Warner
21+
31
Paramount Pictures
San Mauricio
89
Biggs M'facturing
184
Surigao Consol
21
Brooklyn-M'hattan. Trans.
111
Pennsylvania R.R.
14/1
40
ย
·16h
*Bales
Phelps-Dodge.
Suyoc Consol.
124
B'klyn-M'hatton $8 cum pf.
321
Sundicate Investment
035 Canadian Pacific R'way.
4
Phillips Petroleum
324
Public Bervice of N.J.
36
United Paracale
391
Case, J.I.
Pullman Inc.
Celanese
212
245
Mindanao Motherlode
9
Pure Oll
Chesapeake & Ohio
31
- 63
PHILIPPINE GOLD MINING QUOTATIONS
Chrysler Corpn.
671
Radio Corpn. of Am.
54
Cements
$3.79 Ropes
Miscellaneous""
$214 Dairy Farm (Old).
Dairy Farin (New)
$6.90 Ch. Etainmente ......
$1,55 Constructiona
Constructions
#Lave Crawfords
Nanyang Tobacco
$1.80 Bincers ******
Watsocia
46. Ch.0.5% LG Bản
H.K. GÓTL. 4% Loans
par H.K. Govt. 34% Loan
HK. Wing On
S'hai Wing On
Vibro Piling
- Marsmans Iär. (Lon. Maramana Inv. (HIK
Wm. Powells
to Bhanghai
LONDON STOCK EXCHANGE
(REITTER'S SERVIĆE)
ན་མ་ན་
$8.90
£1
$15
$3.80
391
831
New York Stocks
$71
$
$1.98
$8.40
48%
$104
CHICAGO WHEAT
Prices moved lower on hedge-selling and profit-taking. Reports of heavy receipts were the cause of general liquidation.”
Frevious To-day's
close 190.63"
elcseChange
131.73
up 1.10
Columbia Gas & El
51
Republic Steel
14
Tuesday, July 3, 1939."
Calumbia 6% “A” pf.
831*
Reynold Tobać. "B"
London, June, 36.
N. Y. Commodity Market.
(By Courtesy of Mesars, Swan, Culbertson & Fritz and
S. E Lory & Company)
New York Cotton, Octo. New York Rubber, July Chicago Wheat, Sept. Chicago Corn, Sept, Winnipeg Wheat, July New York Hides, Sept.
Prev. To-day's High Low Close Close Change 3.66 8.57 8.61 8.68 04 up
18.38 closed
721 711
721
toff
*481
40:
501
closed
10.05 "close
381
Centavos
Commercial ..***
134
Richfield Oll
Antamoks
19
Commonwealth & §. (ord)
17:
Safeway Stores
394
Atoks
19
Schenley Distillers
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confiring tion and no responsibility is assumed for serpry in transmission.
NEW YORK COTTON
Closa
Opening Closing
Change
C'wealth & 8. 8). cum"pf.
Baguio Gold
21
Consolidated Edison fu
291
Schepley, 51% prd.
Benguet Conso).
10.40 Consolidated Oil
7골
Bears Roebuck
War Loan, 3% (Red
742
Batong Buhay
012 Continental Can
351
Severaky Aircraft
after 1952)
934
31
Big Wedge
JD Continental Oli
21*
Shell Union Oil ....
Canton-Kioon Rly, 5% 14
108
Consolidated Mines
002 Corn Products
613
Socony-Vacuuni Oli
111
3
Mindanao Motherlode
9-
Curtiss Wright (C.)
Б
Southern Pacific:
131
Itogons
23
Curtiss Wright “A”
231
Southern Rly 15 pid.
19
Chinese 41% Gold Loan,
1898 (Brit. Izane)................
Chinese 5% Gold Bonds, 4-1923-47
L-XL
45.
Deere & Co.
18+
Sperry
.40
Masbate Consol,
101
Distillers Corpn. Seagramza
17.
Standard Brands ........
61
Chin. 41% Anglo-French..
Loan, 1908
Mine Operation
14
Douglas Aircraft
65
Stand Gas & Elec
2}}
San Mauricio .....
89
Du Pont de Nemours..
149
Standard Oll of California
201
Chinese 5% Crisp Loan,
1912.
Suyor Consul.................
124
Eagle Picher Lead
#
Standard of of N.3."
411
United Paracales
301
Eaton Mfg Co
201*
Stone & Webster
... 97
Sandicate Investment
035 Elec. Autolite
201
Swift International
25
Surigao Consol.
21
Slec: Bond 4: Stare
Technicolor
15
Chinese 5% Beorg. Loan,
1913 (Lan. Kay
Chinese 6% Ster. Notes,
· 1925. (Vickers)
Elec. Bond & Shiff 35 pf.
Elec. Bond & Share 38 pf. 62
Elec. Power & Light $7 pf.a wei
184
Food Machinery Corp. Gen. American Trans.
271
*451*
334.
417
Gen Railway Signal,
14
16)
Goodyear Tire & Co. .......
254
131
191
171
11
821
21.0 55%
--bid.
Market Comment.-Qutet
NEW LUBRICATING |intkote....
OIL EXTRACTED
KUNMING, July 3 (Central den. Electric
The Research. Department of the
National Tsinghua University here
Gen Motors
has successfully extracted an oil General Tire & Rubber Co 201 compound from Unseeds that may Glidden Co.....
be used as a substitute
for Goodrich (B.F.)
mineral lubricating oil. The cost Goodrich $5 pt......
of the new all is twice as cheap as imported oll
Various tests have been made with the new oll by the Southwest Transportation Company.
JAPANESE ARRESTED FOR SELLING TIN CHUNGKING, July 3 (Central) Two Japanese merchants at Hongkew, Shanghal, were arrested by the Japanese gendarme headquarters for selling tin ingots to a certala firm in the Interna tional Settlement, according to a report from Shanghai.
Great Northern Iron Ore Great Northern Riy, pid. Great Western Bugar Greyhound Corpn. Hecker Products ... Homestare Mining
Industrial Rayon International Harvester
1939
Wenthouse Tec
Woodward Iron Cor
Chase Nasonal Bank National City Bank
DOW JONES AVERAGI
High Low Dow Jones Average 1585 T21:34 / 20. IndustrialD
2632:26.14 30 Baile
26.53 90171 mobilities 01.11 87.06 40-Bond
01.00 45.59 11 Commodity Index® 49.54
(Brit. Btpd.)....... Tientsin Pukow", Fly, 5%"
*** (German. Stpd.): Tientsin-Enko R17 5%
(Brit Bipd. Bupl Loan) 12 Tientsin-Pakow Rly 5%
(Ger. Stpd. Bupl Loan) 12 Jap. 5% Bler. Loan, 1907 33 Jap 6% Ster Loan, 1924: 41 Ger, 7% Intl Loan, 1924 334 Chartered Bant -...
HK & Shai Bank Lan.
Reg.)
Texas Coryn.
·361
Chin Imperial Rly, 5%
Tezes Gulf Sulphur
201
Loan
ཆ་༤ ་སུ་ཐ་སྒ
R Union Insurance
26-7/8* Gula Kalimpong Rubber 17/6*** Allied Ironfounders 17/3 Asso: "& Elec. Industries 38/10 Austin Motors, ord.
July
9.30/30
9.29/30
9.35/36
*.05 up
October
8.81/61-
8.60/60
8.65/65
04 up
December
8,42/42
8.40/41
8.46/46
04 up
January March
8,31 N
8.30/30
8.35 N
04 up
8.23/23
8.23/20
8.27/27
04 UD
28/9
46
Cable & Wireless, New
Form, ord
May Spot
8.17/17
8.15/15.
8.21 N
04 up
.9.71 N
9.75 N
.04
481
B.-A. Tab. (bearer)
.95
The last notice day for July cotton is 14th.
Cammell Laird, ord.
7
Mexican Eagle
7/3
| Courtaulds
25/3
Distillers.
97/81
July
Dunlop Rubber
September
26/3
Gen. Electric (England) 74/44
Guinness (A) Bon & Co. 106
December March
NEW YORK RUBBER
16.36/38
16.35/35
CLOSED
18.35/40
16.40/40
Hawker Siddeley Aire...
17/3
The last notice day for July rubber is 27th.
471
Bristol Aeroplane
19/104
Trans-America Oc
57
Honan, Rly. 5%
Imperial Chemical Ind.
29/11
CHICAGO WHEAT
20th Cent. For
18
Hukuang Rly. 5%. 1911...
Imperial Tobacco [26/3
20th Cent. Fux. sit pting
30
Unton Carbide & Carbon
+731
Union Patiac ...
917*
United Aircraft
Hukuang Rly 5%, 1011
(German: Issue).. Lung Taing & U, Hai Riy. 3437575%
13
Marks & Spicer "A" ord 87 Rolls Royce
July
101/3
September
12/7242
Leyland Motors.......
38/9/
December
734/731*
·72£/723 731/731
71/711
72172
Tate & Lyle...
61/3
Friday's sales:-26,580,000 bushels.
United Airlines Trans,
United Corpn.||
21
S'hal-N'king Fly 5%............ 17 Tientsin-Pukow Rly.5%
Turner & Newail
75/8.
United Steel
23
CHICAGO CORN
United Corpn. 3.com pf. 341.
Smethwick Drop Forg
14/9
United Gas Corpní minio
Armstrong Stevens, ord. 5/6
July
402/47
467/461
United Gas Emprovement 121
Fressed. Steel, com
:16/9
LUS. Rubber.
·391
Vickers, ord*******
18/3
September December
487/40
49/482
487/49
unch
501/501
501/504
501/501
U.B. Rubber #3 pid.
103
Woolworths
US Steel
447
Anglo-Dutch
23/3.
WINNIPEG WHEAT
Vanadium ***
Warner Bros, Piet...
Rub, Plant: Invest, Trust 28773 Burma Corporation
Commonwealth
Mazaman. Inves
July October December
691/597
81/611
GLOBED
621/621
Randfontein
Western Holdings.
Bub
1174 202/6
NEW YORK HIDES
HK & Bhat Bank (Col
Tanami
Septem
10.96/96
80
Angio-Iri
de Mining
Burmah
June 30,
130.68 13L87 180, 325 8572 $72.97%
17/9
Shell
1120/1
2237-37
Rate 4.68-1/8
NEW YORK STRÄTTS
Bazine Dona:180,000 sha
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