1939-07-31 — Page 12

MONDAY, JULY 31, 1939.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG

COMMODITY MARKET REVIEW

(FROM PAYNE & CO.).

New York, July 29, 1939.

SINGAPORE RUBBER

PAGE 12-HONGKONG DAILY PRESS

Finance and

MONEY AND

EXCHANGE

Commerce

SILVER MARKET

I

London, July 29 (Reuter).

LONDON SILVER Silver, Bears covered. India

CLOSING QUOTATIONS sold. Market steady.

JULY 29, 1939

On London:-

Telegraphic Tränster. 1/3 19/32 Bank Bills, on demand/% 19/32 Credits 4 months' sight 1/2 27/32 On Shanghai:-

On demand

On Singapore:-

On demand.

On Japan:-

On demand

310

Spot. 15-3/4d. Forward, 16-3/8d.

NEW YORK SILVER New York, July 29 (Reuter). Official Price, unquoted.

BOMBAY SILVER Bombay, July 20 (Reuter). Market-Quiet but steady,

Offtake 60 bars, Indian Mint Silver

51 3/4

Ready

104

Aug. 11 Settlement Sept. 9 Settlement

LONDON METALS

EXCHANGE

London July 28 (Reuter),

COFFER

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayers Bathurs

buyers sellers

$

*

Standard, Cash 43-3/18 Standard.

43-5/18

3 months 43-1/2 Electrolytic ... 49

TIN Standard, Cash 229-7/8 Standard,

43-9/16 49-3/4

$100

230

3 months 224-7/8 225

LEAD

די

Foreign,

Official Price 14-13/16 14-7/8 Foreign, Oficial

3 months 14-13/18 14-7/8

SPELTER

$1390)

mmmmin nå

!!!!!!

45-05 .......45-02 44-13

Ordinary,

Omelal Price 14-1/2 Ordinary, Official

$4.30

14-5/8

$16

$16

14-11/10

11

On India-

Telegraphic Transfer. Jai 3/8

and demand

On New York:-

Bank Bills, on demand -8 7/16 Credits, 80 days' sight 28 15/16

Un Batavia :---

On demand. 53 1/4

On Paris:--

Bank Bills, on demand 1973 Credits 4 months' sight 11

Un Saigon :--

On demand

Un Manila: --

On demand

London Exchange

London, July 29 (BWS).

Closing mean rates were: Paris. 176-23/33. New York, 4,08-5/32. Montreal, 4.68). Brussels, 27,554, Geneva, 20.75. Amsterdam; 8.30.

Buenos Aires, 20.20.

3 months 14-5/8 Final Afternoon Transactions Tin, Standard, Cash, £229-7/8 buyers.

Tin, Standard, 3 months, £225- 1/8 paid and seller.

LONDON GOLD

SHAREBROKERS" ASSOCIATION

SATURDAY 29.1

Momina

·Buyert | Ballars

· Saloe. ·| Forulza

26)

180

387

$10

anima TA:

$103

£7

£13

JULY.

Banks

H.K. Bankveren

Da (Col. Beg.) *****

Do. Lón, Beg.)

| Chartered Beaks ...... 284 Marcatile Bb, **** Mercantile Bks, “C” Beak of East, Asia N. C. B. Hanko ... Insurances

Canton InsurEDORS. $393 Union Insurances.

Underwriters $183H. Firme

$60

$30

Shipping

Douginam Steamboaty Indo-Chinas

T

Indo-Chinas (Daf.)...

85/0 Bhalla

88.10| Waterboata

Docks, Wharvės,

Godowns, etc.

$103 H.K. & K Wharves

Providents

Providenta (baw)

EK. W. Dooks...

Da, (10) se

$108 Shanghai Dooks 8. 18.30 New Engineerings 8.

Mining

16/6 Kailang

$8.40 Bauba.........

**

Venezuela Gold. Fid

4 eta, Hong Kong Mines ...

Lands, Hotels and

"Buildings.

#5 H.K. Hotela

(H.K. Lands ...........

Do. 4% Debentur ¡Shanghai

Lande 8.

H.K. Realtion

85"Humphreys

$100 Chinese Estates

Cotton Mi

$1,8,40 Ewo (8.)

is S'hal Cottons (8)

11 Zoong Sings (8.)

$48 Wing Ou Textiles (S.)

Public Utilities

$1396

107

Milan. 89-1/32,

57 1/8.

Berlin, 11.66).

"On. Bangkok://

On demand

152 1/4

Other rates were unchanged.

London, July 29 (Reuter). Bar Gold, Fine per oz. 148/01.- Dollar Parity, 1d. premium ̧¡

334

$343

par

Sterling Notes:-

Bank Buying Rate

1/2 13/16

Bar 6ver per oz.

10 11/16

Market Report

NEW YORK STOCK EXCHANGE

QUOTATION

FROM ROZA BROS.

STOCKS

Saturday, July 29.

**************

279 £171

201

£14

$80 50,obs.

$900

$14

$305

#183

$87

$18

850

RO

83/0

$8

SFO.T

OCT.-DEC.

$4.30

200

$161

#108 $3.30

88.45

!!!

16/8

$4

::

July 28 buyers sellers 28-1/8 28-3/8 28-7/16 29-13/16 up 5/16 23-378 28-5/8 28-11/16 28-15/16 28-1/3 28-3/4 38-13/16 29-1/16

July 29 buyers, sellers

change

25.30 835

BILO

24.80

$8.30

:

$19.10

JAN-MARCH

The market opened 3/16 of a cent higher for all deliveries as compared with Friday's closing quotations.

Substantial buying orders received by overnight cables from London and New York were responsible for the steadiness displayed in Singapore early in the morning. There were also fair enquiries for trade and speculative accounts in evidence.

ነ

After fair volume of business" having been transacted on basis of quoted rates the market became quiet and towards the close of the session prices slightly declined by 1/18 to 1/8 cent for all deliveries.

Closing tone was dull.

Apprehensions of the 5 per cent. extra-release for July-Septem ber having an adverse influence on the probable trend of the market in the immediate future, seem to have been largely offset by further reports of steadily increasing absorption as is evidenced by continually declining stocks both in London and New York, thus stimulating sentiment. In view of this fact it is believed that Rub- ber is again within buying range."

Malayan Rubber Statistics for June were released as follows:-

Dealers' stocks in the, whole of Malaya Estates' stocks

$10

$40

Last Sale

JULY 30, 1939

May 1039 June 1939

948

23,460

21:438 "tors

July 29

STOCKS

Last Sale

44,546

48,443

1/8 for Forward, the quotations Allied Stores

Suver prices rose yesterday to Adams Express the extent of 3/16 for Ready and Alleghany Steel Co.........

81

July 29

$16.00 TramwLJB".

$16,60

194

Int. Tel & Tel

71

91

Johns Manville

79

$7.40 Peak Trams (old)... $3.70 Peak Trams (new)

$7.40

Production on Estates of over 100 acres Estimated production on Estate of less than 100

17,789

18,494

83.70

365) (Star Ferries

864

acres

7,232 3,714

being 16.11/16 and 16.1/4 respec- Allis Chalmers

381

J. & Laughlin Steel $7 pfd. 46 *

$22

mati Farrios

25

tively. Silver advices reported in- Aluminium Ltd

130

Kennecott Copper

361

Do. (now)

“LONDON.... RUBBER

covered. The market was steady. Amer. Can

dia and Speculators as having Amerada Corps.

Libbey-Owens-Ford

Glass 50

$8.90 Chian Lights (0)

$7.80

981

Lockheed Aircraft

261

5.10 China Lights (New)

$4.90

Previous close

To-day's clase

Cater the market firmed up and Amer. & Foreign Power

Loew's Inc.

48+

China Lights Hts.

buyers

sellers

buyers

sellers change

closed with buyers at 1/16 over the Ameri & Foreign # pf.... 201 quoted rate, but sellers were disin- American Gas & Elec

Manhattan Shirt Co.

FIA

...

372

Martin, Glen L

341

יי.

Market

Sterling

0/4

clined to bid. American Silver was quoted at 34 3/4 for Spot. *

Amer. Locomotive

Amer. Metala Co.

The London New York cross-rate Amer. Radiator.......................... was quoted at 468.12. New York-Amer. Rolling Milli

London was quoted at 488.1/8.

Quietly steady.

There were sellers at 1/2.11/18

Cash-August, 1/221/32 September. Atchison, T. & 9. Fe. probably October and 1/2.5/8 Auburn Motors...

January, buyers at 1/2.23/32 Cash.

1/2.11/16 September and probably

-1/2.21/32 January.

U.S. Dollars

Bendix Aviation

Quiet. The market closed with Bethlehem Steel sellers at 28.5/8 August, 28 9/T3 | Blisa & Co. September and 28.1/2 October, Boeing "Airplane Co. buyers at 28.11/10 Cash, 285/3 Borg-Warner September and 28.9/18 October.

Shanghai Dollars Business was done during the course of the morning at 330, and At the close there were pro- bable sellers at 329.

329,

Shanghai Market Steady. Sellers of Sterling at 4.3/8 for Spot, buyers probably at 413/32 US." Dollars, sellers at 8.15/32 for Spot, buyers at 8.17/37| for Spot.

Shanghai Exchange

Shanghat, July 29 (Reater).

Official T.T. Bates

London

Biggs. M'facturing Brooklyn-M'hattan B'klyn-M'hattan 58 cum pi. Canadian Pacific R'way, Case, J....... Celanese Chesapeake & Ohio Chrysler Corpn.

Colts Patent Fire-Arma

Columbla Gás & El.

181

McKesson, Robbins .................

17

281*

Monsanto Chemical

104*

121

Montgomery Ward

532

3631 H.K. Electric....... Macro Electrica Sandakan Lights Telephones (ald)

$18

27.83 Talophones (new) 18/0Tractions

$53.80

8.POT

8-3/6

8-7/16

:

OCT.-DEC.

8-1/2

8-9/16

CLOSED

JAN-MARCH

8-9/16

8-5/8

371

Market closed.

151

National Cash Register Co.

19

21/6 Tractions (praf.)

Amer, E'ting and Ring Co.

461

But, Dairy Products

"Indcatrials

18

$14

Amer, Äugar Ring -

Lakey Foundry & Mac..

Cald., Macg. (Ord.) S.

31.

#13

Amer, Tel & TeL

1871

Kat. Distillers

*24

Cald., Macg. (Fret.) S. Canton Ices

$1

Amer. Tobacco “E”

804

National Gypsum

131

$12.60 Cementa

$12.60

Amer. Waterworks

111

National Load

.224

Anaconda Copper..

26)

Nat. Power & Light

સ

291

National Steel Corp.

861

1

2

Nat. Bupply Corpn.

Baltimore & Ohio

52

New York Central

151

Barber Asphalt Co

13

Niagara Hudson Power

73

Barnsdall Of

134

N. American Aviation .....

17

251

North American Co.

24

631

Northern Pacific

10

ta

$1.80 Sinceres

#9.40 Watsons

11

Owens-Illinois Glass Co.

67

$3.76 Bopes

aliscellaneou

8214 Dairy Farm (Old)

8201 Dairy Farm (New) $6.90 Ch. Etainments

$1.56 Constructions

Constructions

Lane Crawfords

Nanyang Tobacco ....

33. Ch. G.5% 1925G $Bds.

$3.40

·3214

The average forecast of last week's stocks of rubber in London and Liverpool shows a decrease of 1,050 tons.

NEW YORK COTTON

Trading in this market was particularly active. Prices moved up slightly on new buying and covering. Crop advices indicate good condition.

#201

$8.90

NEW YORK RUBBER

(old)

$11

Market closed."

(

87+

CHICAGO WHEAT

$4

$1.98

............

33%

231.

Pacior Gas & Elec.

321*

. #104,

HI

HK. Govt. 1% Loans

$104)

Firmness of cash reports and, unfavourable prices. The excessive heat in Canada is still influencing the market. but an improvement is expected shortly.

weather advanced

254*

Pacific Lighting

50

$99

H.K. Gort. %% Low 899

221

Packard Motors

34

$41

H.K, Wing O.....

$41

Previous To-day's

close"

close Change

Trans.

129

Paramount Pictures.

S'hat Wing On

New York Stocks

144.11

144,00

off 11

97

431

Pennsylvania RR.

181

41

Phelps-Dodge

391

4/0

Phillips Petroleum

361

!

27

Public Service of N.J.

401

$84

Vibro Piling

1474) | Marumans Inv. (Lon.)

Marsmens Inv. (B.K.)

Wm. Powells income. *Salon to Shanghai

347

Pullman Inc.

N. Y. Commodity Market

28

851

Pure O

7

81 *

Radio Corpn. of Am. .........

LONDON

STOCK EXCHANGE

71

Reading Company, Ist pid

23*

Columbia 6% “A“ PL. Commercial

85+

Remington Arms Co., Inc.

31*

481

Republic Steel

(REUTER'S SERVICE)

177

Commonwealth & 8. (ord.) C'wealth & 8, 8% cum pt:

13

Reynold Tobac. “B”

391*

London, July 28.

677

Richfield Oi

71

Consolidated Edison

322

Safeway Stores

454

Consolidated on

Schenley Distillery

131

Continental Can

384

[Schenley, 51% 'ptd.

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

£

£

Continental Oli

214

Bears Roebuck

79

Opening Corn Products

83

Seversky Aircraft =

3)

Curtiss, "Wright (C)) ände

Ehell Union Oil

111

War Loan, 31% (Red.

after 1952)

- 92-9/16 Canton-K'ioon Rly. 5% 12

New York

Japan

India

7-3/4 28-1/1

Curtiss Wright. “A”-

25

Socony-Vacuum of

111

Chinese 41% Gold Loan,

Deere & Co.

201

Southern Pacific

142

22-1/2"

-Paris

2.49

Distillers Corpn. Seagrama "; 181* Douglas Aircraft

|Southern Rly 35 pid:

257

201

Sperry

441

1898 (Brit. Issue)...... :40 Chinese 5% Gold Bonds,

1925-47

Hongkong susret

***-27-1/3-

Open Market-Selling Bate.

Sterling

Sellers

Du Pont de Nemours ...

1597

Standard Branda

Eagle Picher Lead

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

+27

Eiton Mfg. Co.

254*.

Standard Oll of California

23+

64 Chin. 41% Anglo-French

Loan, 1908

Chinese 6% Crisp Loan,

38

Elec. Autolite

351

Standard Of of NJ

422

1912.

Opening Closing

Elec. Bond & Share .............

01.

Stone & Webster

12

Chinese 5% Reorg, Loan;

Spot July August

0/0-11/32 0/4-27/64

Elec. Bond & Share $5 pf:

80%

Swift International

1913 (Lam. IB.)

0/4-11/32 0/4-27/84

Elec.. Bond & Share $6 pf.

687

Technicolor

151

Chinese, 8% Ster. Notes,

0/3-27/32 · 0/4-1/32

US DollarN

Elec. Power & Light $7 pf. Flintkote'... ĐÃ

301

Texas Corpn.

1925 (Vickers)

*211

Taxes Gulf Bulphur

291

Chin. Imperial Rly: 5%

Spot

July

7-27/32

Food Machinery Corp. Gen. American Trana. Gen. Electric -............ Gen. Motors...

331

503*

38

481

Gen, Railway Signal .....

171

General Tire & Rubber Co

22

Glidden Co..........

19

Goodrich (B.F)

181

Silver Duty Rate

Goodrien $5 pr.

30:

141

28

Great Western Sugar

18

Hecker Products

121

Hercules Powder Co.

-721

Homestake Mining

Calcutta, July 2A (Reuter),

Industrial Rayon

271

International Harvester Int. Nickel

544

601

-bid.

** 1939

High Low Dów Jones Averages,

15685 121,44 #9: Industrials

34.33 24.1430 Balla

August

$8-15/32 $8-5/8

8-15/32

7-15/32

Market:-Steady.

Merchant' Rates

Sterlin, 0/4-3/8............”.

US Dollars, $8-1/2.

8-5/8

The Central Bank of China's Goodyear Tire & Co.

rate on London at 10 a.m. to-day Great Northern Iron Ore

was 1/3-1/2d.. unchanged from Great Northern Rly, pfd. yesterday.

The Equalisation rate was not Greyhound Corpn

quoted.

Calcutta Exchange

TT. on Japan, 78-5/8.

New York Exchange.

New York, July 29 (Reuter). TT. on London' (Opening Rate), closed.

India Rupee Paper

Bombay July 29 (Reuter) Gort 31% Rupee, 97-02-0.

26.52 20.71 90 Utilitas

93.23187.06 40 Bonds

•July 30, 1939. July 28, High Low Close Change 144.11 146.31 163,77 144.00 0.31 on 29,57 29.48 20.30 39.43 0.14 on 26.25 26.15 25,91 28.09 * 0,23 off 00.45% PO.ST: 0.02 up

61.09 45.59 11. Commodity Index -47,84

Business Done:~~260,000 shares

Hukuang Bly, 5%, 1911...

Bukuang Rly. 6%, 1911

(German Jarne)

Lang Taing & U. Hal Rly.

S'hal-N'king Riy. 5% 13

Tientsin-Pukow Bly. 5%

(Brit. Stpd.)

Tientsin-Pukow Rly, 5%

(German Stpd) 12 Tientsin-Pukow Rly. 5%

*** (Brit. Stpd. Supl, Loan)..........12

Tientsin-Pukow, Rly. 5%

(Ger, 8tbd. Supl.: Loan) 12 Jap. 5% Ster. Loam, 1907 331 Jap: 6% Ster. Loan, 1924 37 Ger7% Intl. Loan, 1924 331 Chartered Bank .......

ELK. & Bhal Bank (Ldn

Reg.)

HK. & Shal Bank (Cel

Reg (bearer) Chinese Eng, & Mining

Chosen Corporation Pekin Byndicate....

| Trans-America Co,

51

20th Cent, Fox...

201

Honan Rly. 5%.....

20th Cent. For $1 pl.

Union Carbide & Carbon ... 83

Union Pacific ...

United Aircraft

381

United Airlines Trans.

127

5 1913...

United Corpa:

31

United Corpn. 83 cùm pí. 382

United Gas Corpu

17

United Gas Improvement 138

UB. Rubber

447

US. Rubber $8 ptd.

111

U.B. Steel ....

521

Vanadium":

241

Warner Bros. Pict.

51

Westinghouse ́ideo,

109

Woodward Iron Cor,

Chase National Bank National City Bank

181* 12.

253

DOW--JONES AVERAGE

Shan El Constr. 06. Bhal

༞ སྐུ་ན་ཆེ་ཡཾབཞབ་ཐ ཐཐ སྤོ ཐ ཨྰཿཀྰg ཐངངསློན

Union Insurance Gula Kalumpong Rubber 17/6 Allied Ironfounders.-17/8 Asso. Elec. Industries 41 Austin Motors, ord. Cable & Wireless, Now

Form, ord.

25-7/8*

(By Courtesy of Messrs. Swan, Culbertson & Fritz and 5. E. Levy & Company)

New York Cotton, Oct. New York Rubber, Begt, Chicago Wheat, Sept. Chicago Com, Sept, .......... Winnipeg Wheat, Oct. New York Hides, Sept.

Prev. To-day's High Low Close Close Change 8.98 8,93 8.59 8,95 .06 up

16,50 closed. 657 641 841857-11 up. 421 411 41 421 63+

63 521 321

11.52a closed

up

30/7

NEW YORK COTTON

Close

522

B.-A. Tab. (bearer)

93/9

October

B.88/9

Opening Closing

*8.92/92

Change

8.95/96

Cammell Laird, ord.

7/3

December

8.74/75

8.80/79

8.81/83

Mexican Eagle

7/6

January

1.61 N

3,60/60

8.69 N

19)'.

Courtaulds

32

March

8.48/49

-8.54b/55a

8.56/56

Distillers

બનાવવાન

97/41

May

8.38/30

$.44/44

8.42/43

281

Dunlop Rubber.

29/3

July

Gen, Electric (England) 74/6. Guinness (A) Bon & Co. 106. Hawker Siddeley Aire... 16/6 Bristol AeroplanëTM

Spot

8:25/25- 8.35/91-7 9.59 N

831-N

9.65 N

#335585

NEW YORK BUBBER

18/1 Imperial Chemical Ind 30/11,

Beptember

16.47b/50a

| Imperial Tobacco ...

Marks & Sp'cer “X” ord.

Rolls Royce.

133/9 60/9 103/14

December March May

16.54/85

CLOBED

16.57b/590

16.58b/61a

The last notice day for July rabber is 27th,

Leyland Motors Tate & Lyle......

$4/9

92/9

Turner & Newall

80/41

United Steel Conkceminerie

23/9

September December

Smethwick Drop Forg.

14/9.

May

CHICAGO WHEAT

644/641

641/841

652/657

851/65

65/65

864/681

361/602

67/671

Armstrong Stevens, ard. 5/8

Pressed Steel,' com

19/14

Vickers, ord.

18/10)

"Friday's sales: -23,773,000 bushels,

CHICAGO CORN

Woolworths

85/3

September.

-411/411 433/417 41/421

Anglo-Dutch

23/9

December

421/421

428/421

Rub. Plant. Invest. Trust 28/9

May

45/45

*451/451

Burma Corporation Commonwealth Mining.

7/0

WINNIPEG WHEAT

Marsman Investments... 14/4)

July

52/32

521/524

· Randfontein Estates

38/11

Western Holdings

11/41

October December

53/521

521/524 52/53

53||/533 - 54/544

548/541

Sub-Nigel

218/1

Tanami Gold Mining...

4.

NEW YORK HIDES

Anglo-Iranian

77/6

September

11.505/52a

Closed

Burmah

12/6

December

11.83/84

15/6

4/9

Shell" "Trans, & Trad. **(bester)

· NY Ellver, Oficial,

84-3/44)

Unquot

85

NY London Cross Rate 4.68-1/8

Closed

1/9

Nominal

22/6

NEW YORK STRAITS TIN

September

48.156/458

Closed