1939-07-13 — Page 12

Amer. Locomotive

Amer. Metals Co.

Amer. Radiator ....... Amer. Rolling Mil

Bethlehem Steel

Bigga M'facturing

B'klyn-M'hattan $8 cum pi.

Canadian Pacific R'way.

Case. JI -

Celanese

Chesapeake & Ohio

Chrysler Corpn.

London

New York

Japan

Paris

Hongkong

India

9/6-1/2

Columbla Gas & EL

Market Report

STOCKS

YORK STOCK EXCHANGE

FROM ROZA BROS. Silver prices rose yesterday to the extent of 5/16 for Ready and i 3/16 for Forward, the quotations being 16.372 and 15.13/16 respec- tively. Silver advices reported Speculators as having operated Adams Express 9 both ways. India bought. The Alleghany Steel Co. market was steady. The market Allled Stores closed with buyers at 1/16 over the Allis Chalmers.... quoted rate. American Süver was Amerada Corps............. "quoted at 39.3/4 for Spot.

The London/New York cross-rate was quoted at 408.12. New York/- London was quoted at 488.3/18.

Market

Quiet

Sterling

There were sellers at 1/2.13/16 July, 1/2.25/32 August September and .1/2.3/4 October/November. buyers at 1/2.27/32 Cash, 1/2- 13/16 August and 1/2.25/32 Octo- ber"

D.S. Dollars Nothing doing. There were sellers at 28.7/8 July, 28.13/16 August and 28.3/4 September, buy- ers at 28.15/16 Cash. 28,7/8 August and 28.13/16 first half October,

Shanghai Dollars,

Amer. Can w

QUOTATION

Last Bale

Amer. & Foreign Power Amert & Foreign $7 pf.... American Gas & Elec.

Amer. Sting and Ring Co. Amer. Bugar Ring Amer. Tel. & Tel- Amer. Tobacco "B"

Amer. Waterworks ..... Anaconda Copper..... Atchison, T; & 6. Fe, Auburn Motors ... Baltimore & Ohio Barber Asphalt Co Barnsdall Of Bendix Aviation

Businese was done early in the Bliss & Co..... morning at 225.3/4. There were Boeing Airplane Co...

sellers at 225,5/8 for Spot.

Shanghai Market.

Borg-Warner

Sellers for Spot at 6.9/18 and U.S. Brooklyn-M'hattan Trans.

Dollars at 12.25/32 for Spot,

Shanghai Exchange

Shanghai, July 12 (Reuter).

Offcial T.T. Kates

PAGE 12—HONGKONG DAILY PRESS

Finance and

MONEY AND

EXCHANGE

Commerce

SILVER MARKET

LONDON SILVER

CLOSING QUOTATIONS steady. In

JULY 12, 1839

On Londen: 1

Telegraphie Transfer, 1/1 23/32 Bant Bills, on demand/9 11/32 Credits 4 months' sight 1/8 31/32

On Shanghai:-

On demand

On Singapore plu

5. On' démand

On Japan:-

On demand

---: BIRUT UO

910

68 1/4

Telegraphic Transfer. Leg 1/h

and demand

On New York

1

Bank Billa, on demand 29 11/18 ) Credits, -80 days! sight 29 3/18

Un Batavia:--

Un demand.............. 63 7/ On Parts:-

Bant Bills, on demand 1983 ***Ofedita 4 months' sight 1125

An Saigon —

On demand

London, July 11 (Reuter). Silver-India bought. Specula- tors bought and sold Market the afternoon, the market was fully steady, with In- dia a small but unsatisfied spot. buyer at 1/16 over the rate. For- ward" was neglected,

Spot, 16-3/8d. ·.. Forward, 15-13/16d.

NEW YORK SILVER New York, July 11 (Reuter), Official Price, H-3/4.

LONDON METALS

EXCHANGE

London, July 11 (Reuter).

COPPER

buyers

3

sellers

Standard, Cash, 43-15/16 43 Standard, "

-43-5/16 3 months 43-1/4

49-1/4 49-3/4 Electrolytic

$418

TIN

Standard. Cash 229-3/4 Standard.

"J

230..

BOMBAY SILVER "Bombay, July 11 (Reuter).

3 months 224-1/4

LEAD

224-1/2

Foreign.

Oftake 250.

Official Price 14-3/4 Foreign, Official

14-13/18

Ladin Mint. Sifrer

3 months 14-7/8

SPELTES

14-15/18

Market Uncertain.

Ready

**** 45-08 Aug. 11"Settlement ***.44-12 Sept. 9 Settlement

44-07

Calcutta Exchange

Calcutta, July 11 (Reuter). TT, on Japan, 78-5/8

India Rupee Paper

Bombay, July 11 (Reuter). Govt. 31% Rupee. 95-7-6.

........ 108

Un Manila:-

On demand

37 0/5

On Bangkok -

On demand

161 1/8

Sterling Notes:-

Bank Buying Rate

1/297/32

Bar Silver per oz.

18 3/8

NEW

Ordinary,

Official Price 34-1/18 14-1/8 Ordinary, Official

14-5/16

3 months 14-1/3

Final Afternoon Transsetians Tin. Standard, Cash, £229-3/4 buyers.

Tin, Standard, 3 months, 224- 11/4 paid and value.

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Duyuru | Bebera Balan Nominal

G STARFSBOKEKE" ASSOCIATION

WED., 12.

JULY.

Banks

Auren | Hallgre Baina Womina

$67

$15

Douglas pequeno

bob

860

Indo-Chinma

(Pre)

!!!

***

܃ ؛ ܪ܃

848

JULY 12, 1939

$16.55

Indo-Chines (Def.).......

85/8 Shell

$8.10 Waterboats.....

Docks, Wharves,

Godowns, ate. H.K.K. Wharves

$108

$4.50 Providenta

par

Providiots (now)"

*

ས*

#17 H.K. & W. Dooks... $28.90

Do. (DEN) norma

$108 Shanghai Dooks 8.

$8,30 New Engineerings. 8.

17/9 Kailman

$8.40 Raube

Mining

Venezuela Gold Wide || 14

ata. Hong Kong Minos...

# $35

دريد

#8

Lands, Hotels and

Buildings

E.K. Hotels

H.K. Landa

#35

Do. 4% Debentures 29

Shanghai Lands

$4.60 H.K. Boultion

Humphreys

$100 Chinese Estates,

Cotton Mills

$194 Kw (8.) ..... $105 8hat Cottons (BL)

£

842 Zoung Bings (8.)

Wing On Textiles (8.) Public Utilities

Tramways

87.40 Peak Trams (old)...

$1335

#1540

H.K. Bish

#1335

Do. (Col. Beg)

Do. (Loo, Beg

4801

519

271

Chartered Banks

£25 Marcantile Bka. "A 219 Mercantile Bk. “ |Bank of Buet Asia N. C. & S. Banks

Ensurances

Canton 'InsurKROSS Daion LaserEMONS $1.35 |Underwribyen -

$183 H. Fees

Shipping

£951

£19

160

150 ats

$990

$-496

$185

$67

310

144

350

880

-82/0

⠀ ⠀11

$8

ЕРОТ

OCT.-DEC.

$108

'JAN-MARCH

July 11

buyers sellers

buyers sellers

change

23-1/8 28-3/8 28

28-1/4

of 1/8

23-174 28-1/2" 28-1/8

28-9/8

off 1/3**

28-6/18 28-9/18 28-1/4 28-1/2 of 1/18

$4.60

!!!

#17

The market opened with prices unchanged for all deliveries ar compared with, Monday'a closing quotations.

€8.30

17/9

Throughout the day the market was duli and idle with 盘

Dealers moderate demand for “actuals" being in evidence,

and speculators were disinclined to operate either way to any larger ex- tent, preferring to await further developments in London and New York. The volume of business transacted was negligible.

THURSDAY, JULY 13,1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.) -

New York, July 11, 1938.

SINGAPORE RUBBER

July 10

$6.70

$100

$4.80

$8.40

***

$18.80

#110

$40

$45

B POT

$16.85

OGT-DEC.

17.40

JAN.-MAR.

It would appear that the market is in need of some incentives to move prices Into higher ground, of which, however, indications such as definite signs of further business expansion as evidenced by steady Improvement of the statistical position, are not wanting.

and It was announced that preliminary shipments of Native Estate Rubber from the Dutch East Indies during Juns amounted to 28,457 tons as against 24,867 tons during May, whist Exporters' stocks of Native Rubber in Netherlands India at the end of June totalled 11,845 tong as against 11,324 tons at end of May..

LONDON RUBBER

buyers sellers change

41

Previous close

To-day's close

buyers sellers

8-3/16 8-1/4 8-3/16 8-5/16

8-1/4. 8-3/8 * 8-1/2

unch.

July 11

STOCKS..

Last Sale

33.70 Peak Trams (new)

13.70

71

July 11

3651 Star Ferries

Market quiet.

144

$65

158

Lut. Nickel

463

$22 Y'mati. Farrin

#224

81

int. Tel. & Tel.

Do. (new)

61

331

Johns Manville.

$8

Chins Light (0)

$8.15.

$3.20

684

T. & Laughlin Steel $7 pfd.

36*

942

Kennecctt Copper

33+

054/5

24'

Libbey-Owens-Ford

Class

444

171

Lockheed Aircraft

25+

$18 $12

351

Loew's Inc.

412

$28

17

Manhattan Shirt Co.

#6.80 China Ligbia (New)

H,K. Electrics

Bandakan Lighta

Telephones (old)

$7.60 TelephooOS (DOW).

18.6 Tractions

$5.30

China Lightatta.

365

Macao Electrics

XD. $281.

$7.20 X.D.

28/.

301

[Martin, Glen L

33

112

| McKesson, Robbins.

-144*

131

Monsanto Chemical

97

411

Montgomery Ward

514

at. Dairy Products

154

164

Nat Distillers

26+

84

National Gypsum

18!!

10

睡

National Load

201

Nat. Power & Light.

243

261

Nadional Steel Corp.

56+

11

Nat Supply Corpn.......

74

New York Central

4

14

+

12

Niagara Hudson Power

€

$1260 Cements

$3.70 Ropes

Miscellaneous

$911 Dairy Farm (Old) 131 Dairy Farin (New) $8.90. Ch. Einments $1.5h Constructions

Constructions

37 Lane Crawforda

Naoyang Tobacos

29/6

Tractions (prof.)

Industrials

$14

Caid., Macg. (Ord.) S.

$13

Cald., Macg. (Fref.) B./

$1

Cuntoa Icom.................

$12

#1.

$3.80

***

$211

$21

$8.90

(old)

(now)

RIH

1

87+

138

N. American Aviation ..............

15

North American Co.

22A

2:24+

$8.20

552

Northern Pacific

40%.

73

8%

Pacific Gas & Mec..

31

4Xpm

Pacifë Lighting

par

21

4

$41

Packard Motors

2:21

3

New York Stocks

$1.80 Suncare

$1.88

Watsons

Ch.5% 1925G $Bds.

40%

H.E. Govt. 4% Loans

$104

+

H.K. Govt. 34% Loan

$100

H.K. Wing On

$41

S'hal Wing On

87

Paramount Pictures

194

82

11

Pennsylvania R.R.

171

14/9 40

Phelps-Dodge

352

4

Phillips Petroleura

33

Public Service of NJ.

38

Pullman Inc.

227

251

Para O

331

717

Radio Corpn. of Am,

51

57

Republic Steel

14

12-5/8

Columbia 8% "A" pf.

841*

Reynold Tobac. "B"

381

Vibro Piling.

Marsmans Inv. (Lon.)

Marsmans Inv. (H.K.)

#Wm. Powelle

*Bales to Shanghai

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

ཚ ག ་མ ་ ་

8-5/16 8-3/8 8-3/8 8-7/16 8-37/8

NEW YORK COTTON

Prices were considerably marked down at the opening to-day, and the market presented a weak appearance." This was attributed to foreign selling. The decline, however, was only shortlived, and prices recovered sharply on new speculative buying and "bear" cover."

Better ing, influenced by unfavourable weather conditions. from Washington concerning the export subsidy question was an- other bolstering factor.

NEW YORK RUBBER

An early firm tone was evinced in to-day's market. Bome trade buying and better factory interest were noted. On the whole, prices moved within' narrow limits,

news

CHICAGO WHEAT

After an easy opening, prices moved up on unfavourable weather reports and firmness of cables. However, there was some liquidation on advance.

Previous

To-day's

close

"close

133.79

13456

up

Change 77

N. Y. Commodity Market

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

+

Richfield ON

48

Commercial

44

71

London, July 31.

5,48

Commonwealth & 8. (ord)

14

Safeway Stores

42!

36

C'wealth & S. 6% cum pí.

67

chenley Distillers

124

за

Consolidated Edispa

311

Schenley, 54% pía

Consolidated Ol

77

Continental Can

371

Continental Oil

211

Corn Products

591

Curtiss Wright (C.)

51

Curtiss Wright "A"

24)

Deere & Co.

191

Distillers Corpn. Seagrams

171

Douglas Aircraft .....

677

1491

8*

Eaton Mig Co.

231

Elec. Autolite

302

Elec. Bond & Share

7

0/8-1/2

Elec. Bond & Share #5 pl.

544

Elec. Bond & Share $6 pt.

65

Elec. Power & Light $7 pt.

25

.187

Food Machinery Corp.

294*

49

357

437

Gen. Rallway Signal.....

154

General Tire & Rubber Co

227

Glidden Co..

Goodrich (B.F.)

167

Goodrich $5 pI. *..

Goodyear Tire & Co.

20

Great Northern Iron Ore :

147

Great Northern Rly, pid. 213

Great Western Bugar

| Greyhound. Corpn. ...

18

Recker Produṛts

12.

Homestake Mining

Industrial Rayon "

Intentional Harvester

554

1939

Utilities

"Open Market-Selling Rates

Spot

July

August

Spot

July

Sterling

Opening Closing

Bellera

0/6-9/16" 0/8-9/16

0/6-15/32 0/6-29/64 0/0-17/64 0/0-15/84

U.S. Dollars

$12-25/32" $12-25/32 12-5/8 12-19/32 August........... 12-3/16 12-5/32 Market:-Slightly easy...

Sterling

Merchant Rates

US Dollars............ $12-11/16

Buver Duty Rate

Du Pont de Nemours.....

Eagle Picher Lead

The Central Bank of China's Flintkote......

rate on London at: 10 am. to-day

was 1/2-1/2d.. unchanged from Gen. American Trans.

quoted.

Gen. Electric

The Equalisation rate was not Gen. Mötors Saturday.

New York Exchange

New York, July 11 (Reuter)

IT. on London (Opening Rate). 4.68-1/16.

London Exchange

London, July 12 (BWB), Closing mean rates were: Paris, 176-23/82.

New, York, 4.68-3/16

Montreal, 4.30-1/16. Brussels, 27.55.

Geneva, 20.764.

Amsterdam 8.81-13/16 Milan, 89.

Berlin, 11.68

Buenos Aires, 20.21.

Bilver Spot, 161.

Forward, 16-13)18 Warloan 31% 04:

Other rates were unchanged.

High Low Dow Jones Averages, 16485 191.44 20 Industrialis

24.33, 24.14 30 Rally 36.63 20.72

92:23 87.0640 Bonds

July 10, High Low Ulnas Change Chinese Eng. & Mining 133.79 125.08-122.84:124.56. 77 up Cbearer)

1170221336.83 57.0030up Chosen Corporation

$1,09 45.59) Cosmodity Index 48,71

94.38 22.96 94.8945 up. Pekin Syndicate .......... 1/8*

89.11 20 up what Elec. Con 48.75 04 up

Shal Water

Businam Donn:-490,000 shares ⠀⠀⠀⠀

Co22/6

Seara Roebuck

T1

J

Beversky Aircraft

31

Shell Union Oil

10

Socony-Vacuum Of

113

Southern Pacific

131

Southern Rly $5 pfd.

214

Sperry

413

War Loan, 31% (Red

after 1952) Jacomi Canton-Kioon Rly. 5% Chinese 4% Gold Loan

1888 (Brit. Issao)...... 46 Chinese 5% Gold Bonds,

98-15/16 14

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

Union Insurance Gula Kalumpong Rubber 18/104 Allied Ironfounders

17/3 Asso, & Elec. Industries 39/44 Austin Motors, ord. ...... Cable & Wireless, New

New York Cotton; Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago. Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept.

499

Prev. To-day's High Low Close Close Change

9.03 8.92 8.97 8.99

.02 up 16:39

15,37 16:36a 16.39a 03 up 871 661 #471 47. 47+

561 45 55 55+ i up 11.30.11.20 11.14 11.27a 13 up

.67

+ up

471

+ up

NEW YORK COTTON "

A

26-7/8*

Close

Opening

Closing

Change

July October

-6.63/63

9.63/62

9.63/63

unch.

8.97/91

8.93/93

8.98/99

.02 up

December

8.81/82

8.77/78

8.82/92

unch.

28/8

January March

8.69 N

8.63/63-

8.70 N

.02 up

8.59/60

8.54/54

8.63/63

03 up

Standard Branda...........

02

1925-47"

40

Form, ord.

501

Stand Gas & Elec.

21

Chin. 41% Anglo-French

Standard Oil of California

252

Loan, 1908

40

B.-A. Tob. (bearer).. .. 94/41 Cammell Laird, ord... 7/11

-May

8.62/52

8.47/47

8.53/59

01 up

Spot

10.02N

9.98 N

04

off

Standard OB of NJ.

424

Chinese 5% Crisp Loan,

Mexican Eagle

Stone & Webster

104

1912

Swift International

261

Chinese 5% Reorg Loan,

Technicolor

147

1913 (Lán. Ix.)

321

Texas Corpn.

37

Taxes Gulf Sulphur

271*

Trans-America Co.

51

20th Cent. Fox.

101

Loan

20th Cent. Fox. 314 pf.

Honan Rly. 5%

Union Carbide & Carbon...1

741

Valon Pacific

95

United Aircraft

36

United Airlines Trans.

101

United Corpn.

21

United Corpn. $3.cum pt.

354.

United Gas Corpn.......

17

United Gas Improvement

127

UB. Rubber ........

401

U.S. Rubber $8 pfd.

1081

UA. Steel........

457

Vanadium ....

201

Warner Bros. Pict...

Westinghouse, Bec, "mis

971

Chinese 8% Ster. Noter,

1025 (Vickers)

Chin. Imperial Rly. 5%

Hakuang Rly. 5%, 1911.

Hukuang Rly.. 5%, 1911

(German Iseme), ..............

Lung Tsing & U. Hai Rly.

5% 1913 MAY

13

S'hal-Ning Rly. $%...... 17,

Tientsin-Pukow Rly, 5%

(Brit. Stpd.)

Tientsin-Pukow Riy, 5% ma

(German Stpd.) ......... Tientsin-Fukow Rly. 5%

(Brit. Sipd. Bapl Loan) 12 Tientsin-Pakow Riy. 6%

(Ger. Blpd, Supl Loan) 12:

12

44

12

16

12

Woodward Iron Cor,

17

Jáp. 5% Ster. Loan, 1907 301.

Chase Naonal Bank ......

33

National City Bank

251*

Jap. 6% Ster, Loan, 1924 354 Ger. 7% Intl. Loan, 1924 34 Chartered Bank .....

DOW JONES AVERAGE

July 12, 1919,

H.K. & Sia Bank Cdn.:

Reg ELK. & Bbai Bank (Cul

Reg.)

79

· 21.67

ཟླཟླསྲ་རྒྱབ ༥ ཐང སྦེ ཎྜ ཐཙྩ་བ་ག

Courtaulds

26/0

Bristol Aeroplane

Distillersonäriduconocer

Dunlop Rubber

Gen Electric. (England) 73/7+

Guinness (A) Son & Co. 101/6 Hawker Siddeley Airc... 17

19/9 Imperial Chemical Ind. 28/7

94/6

The last notice day for July cotton is 14th,

NEW-YORK RUBBER

26/3

July

September

December March

16.30b/33a

16.35b/368 18.38b/438

16.37/31 16.38b/39a

16.40/40

16.41/43

... 18.45/45

10.48/48

10.43b/408

16.47b/48x

8888

៩៩៩

| Imperial Tobacco

128/10

The last notice day for July rubler is 27th. Total sales for the day:-1,230 tons.

Marks & Sp'cer "A" ord.. 57/104

Rolls Royce

Leyland Motors ..... Tate & Lyle

105 88/9

51/101

Turner & Newall

July September December

United Steel

23/3

Smethwick Drop Forg... 14/9

'Monday's salės: 23,649,000 bushels,

Armstrong Stevens, ord. 5/9 Pressed Steel, com. Vickers; ord.

17/3

18/44

July

Woolworths

62/71

Anglo-Dutch

22/6

October December

CHICAGO WHEAT

651/651

601/661

661/86) 687/674

67/661

877/68

881/834

684/631

CHICAGO CÓBN

45#/457

47/471

477/48

475/47 48/49

401/401 478/411:

· 48/48

unch.

Rub. Plant. Invest. Trust 26/7.

WINNIPEG WHEAT

Burma Corporation Commonwealth Mining. Marsman Investments... 14/9 Randfontein Estates Western Holdings

7/32

*July"

/36/101

11/8

October December

Sub-Nigel

212/6

Tanami Gold Mining,

4jd.

BOL

September

Anglo-Iranian

71/10

December

Burmah

71/6

NY Silver, Oficial

17/9

Shell Trans. & Trad

4/0

541/541 547/55 18551/551 561/561: 578/572 NEW YORK HIDES

11.14/14 11.20/23 11/42/0 11.50/52 94-374 NY-Landon Cross Rate 4.68-1/8.

548/541

65/551 567/561

11:28h 27a

11.55/66

34-3/4

4.88-3/16

(bearer)

82/6

Nominal

NEW YORK STRAITS TIN

September

48.056/50848.056/408/348,055/40