!!!!
London
Opening 0/4
New York
7-3/4
Japan
28-1/2
India
22-1/4
STOCKS
Last Sale
AUG. 6, 1939
Paris
2:94.
Aug. 5
STOCKS
Last Sale
Rongkong
27-1/8
Adams Express
81
Aug. 5
Open Market-Selling Rate
| Alleghany Steel, Co.
18
Int. Tel. & Tel.
7"
Allied Stores
81
Johns Manville"
'731*
Sterling
Allis Chalmerm
381
{J. & Laughlin Steel 37 pid. *44*
Spot
Sellers
Opening Closing 0/4-3/32 0/3-2/32
Aluminium Ltd
126*
Kennecott Copper
371
122
Amerada Corps.
Lakey Foundry & Mac.
31
Amer, Can-****
103
Libbey-Owens-Ford
(lass
497
Aug.
0/3-15/18 0/3-3/4
Amer, & Foreign Power
Lockheed Aircraft
25
U.S. Dollars
Ameri & Foreign" #7.pf....
214
| Loew's Inc.
442
American Gas & Elec
391
Manhattan Shirt Co.
Spot
Aug.
$7-31/32 $7-21/32 $7-5/16
Market :—Easy. The market is ruling easy, due to increased buy- ing caused by lack of confidence.
Merchant Rates
Sterling, 0/4-1/18. US. Dollars. $7-15/18,
Amer. Radiator
$7-5/8
།
Amer. Locomotive
167
[Martin, Glen L
33
Amer. Metals Co.
29
McKesson, Robbins
171*
13,
Monsanto. Chemical
1031*
Amer. Rolling Mill ......
142
Montgomery Ward
52
Amer. 8'ting and Ring Co.
461
National Cash Register Co.
18
Amer. Sugar Ring
164
at. Dairy Products
PAGE 12-HONGKONG DAILY PRESS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
AUG. 5, 1939 |
On London:
Telegraphic Transter. 1/2 19/32 Bank Bills, on demand?/ 19/32 Credits 4 months' sight 1/9 97/52
On Shanghai:-----
On demand
On Singapore:-----
On demand
On Japan:-
On demand
On India —”
310
51 3/4
104
Telegraphite Transfer. 181 1/4
and demand
On New York:-
Bank Bills, on demand.8 7/18 Credits, 60 days' sight x5 16/18
Un Batavia-
On demand
On Paris:
$3 3/8
Bank Bills, on demand 1973 Credits 4 months' sight 1125
ITALY'S £440,000,000
"DEFICITS
German Paper's Warning:
LONDON, July 24 (By Air Mail)-“Die Bank, "Berlin, a German weekly financial review, in an article dealing with Italian Anan- ces, takes the view that increased taxation will be necessary in constant budget Italy to meet her enormous expenditure and deficits.
The article is of exceptional interest in view of the close re- lations existing between the countries.
After the dificulties arising out, and that he would make every of the Abyssinian campaign and effort in the near future to ensure the tension between Italy and Bri-a normal budget." tain, the article says. "It Is na- tural that the strain Italy's economic power had been put should be kept secret.
The Finance Minister, however, to which was unable to keep to these good intentions as a result of political developments in the Mediterranean and in Europe in general.
"It can be deduced, however, that Italian expenditure continues to rise sharply."
It is stated that efforts made
the last year by
Italians to balance their budget at £270,000,- 000 have no chance of success.
The total deficits are as follows: 1935-6
£140,000,000 180,000,000 120,000,000
Un Saigon
On demand
107
"Un Manila: —
57 1/8
1936-7
On Bangkok.
1937-8
152 1/4
On demand
On demand
"Sterling Notes:-
Bank Buying Rate
Bar Sliver per oz.
Shanghai Exchange
total deficit of This makes £440,000,000 since 1935-36. Money 1/2 13/16 in circulation has increased by 18 11/16255.000,000 to £200,000,000 since
1932.
Shanghal, Aug. 7 Reuter)..
Offelal TT. Rates
About a year ago the Italiam Finance Minister, Dr. DI Revel, sald expenditure "had reached a Ilmit which must not be passed
Increased Taxation?
"In addition is must be taken into account that Italy has three tasks to full: She great new must organise Alban's economic- ally, she must push forward her programme of self-sufficiency and above all she must accelerate her armament. programme."
"Die Bank" assumes that the Italian Finance Minister will have to increase taxation.
But the review warns the Ita- Hans of the dangerous effects on the purchasing power of the peo- ple of Increased taxation. The effects, it says, were already felt last year in Italy.
NEW YORK STOCK EXCHANGE
QUOTATION
FINANCE
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHARKGROKERN" ASSOCIATION.
Buyers || Belleza
Ton SATURDAY 5.12.
segurs | Ballara
Bajon
$1390
£76
8:00 $387 $3971
$18
+
$1.35
* 2:
⠀ #14
#
$161
E.K. Barka
Do. (Col. Bag). ...
Do. Lon Bag) Chartered Banka
224 Marcante- Blz. "A" 218
Mercantile Bas, "OF
980 Bank of Exai. Asia ...
[N. C... & B., Bajaku
Insurances. Canton Induration Union - Insurana ... Underwriters
**
$165 FLK Fires
387
#15
Shipping
Douglasen
Steamboata
$80 Indo-Chinna
$30
(Prot.)
Indo-Chini {Thf.).....
83/14 Shells ར་བས་་་བ་ས་སམ་
$8.10 Waterboata
Docks, Wharves, Godowns, etc.
$1320
$103 H.K. & E. Wharron $102
84.30 Providenta
¡Providente (new)
HOM
$4.15
1914
***
H.E. & W. Decks... $16
Do. (now)
$110 Shanghai Dock B. ...
$9.30 New Engineerings
10/6 Kailan
$8.40 Rauba
Mining
事情 Venezuela Gold Fids
eta Hong Kong Mines.
Lands, Hotels and. Buildings
H.K. Hotels Kavanje
H.E. Lands. ........ $342
Do. 4% Debentures. Kč. 3160
88.70 Shanghai Lands
HK. Realieë ------ Humphrays
$100 Chinese Extates.
Cotton Mills
$19 Kwe
(19.)
8106 S'hat Cottons (8)
$41 Zoong Sings (8.)
8481 Wing On Textiles (8.) #00
$34) par
***
August 4*
August 5
buyers
sellers buyers sellers
change
SPOT
23-1/2
28-3/4"
OCT.-DEC.
28-5/8
28-7/8
CLOSED
JÁN,-MARCH
28-11/16 28-15/16
$108" $8.30
Market closed.
15/0
$8.40
H
LONDON RUBBER
Previous close To-day's close-
buyers sellers buyers sellers change
8-1/2 8-9/16
SPOT OCT.-DEC.
8-1/2 8-5/8
35
JAN.-MARCH
8-9/18 8-11/16
Market closed.
!!:
$7.00
$18,00 $110 $40
Public Utilition
$16.70 TramwaJE
$18.70
$16.70
#7.40 Peak Trains (id)
$3.70 Peak Trama (new)
$7.40 $3.70
NEW YORK COTTON
There was some trade buying and covering an the weather forecast predicting Bot, weather in the southwest and liquidation has ceased, The market now looks fairly well even up. It is be- lleved that if Thursday's Government -estimate ‘should tum out only at around 11 millions bales or less, the report should be con- sidered bullish, in view of the aim of the Administration to increase exports to 8 millions bales, which would leave less than required for domestic consumption.
$65 Star Farrios
$83
$64
Y'ati FerrİNE
122
Do. (nd)
18'20! China
35
China Lights (New)
Lighta (0)
$7.90
NEW YORK RUBBER
Market closed.
$4.90
Chins Lights Rt..
363
H.K. Electrica ........
#537
$IA
Macso Eleomics m
$18 Sandakan Lighis
122 Telephonse (old),
$23
$7.69 Telephone (new) ....
18/0 Tractions
21/6 Tractions (proč.)
22/.
*****
CHICAGO WHEAT
The strength of the market was due to continuation of un- favourable crop reports from Canada. Liquidation and hedging were heavy but were well absorbed Traders are concerned over the cheapness in prices. London interests were buying in Canada on a small scale.
AUG.
Banks
#
4 METUATI
276
$15
EB
213 178: 80 eta.
$200
COMMODITY
MARKET REVIEW
$1.35
$395
$185
$87
(FROM PAYNE & CO.)
$15
12
860
New York August 6, 1939.
$20
83/1
SINGAPORE RUBBER
TUESDAY, AUGUST 8, 1939.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
CLOSED
****
11
Industrial
814
176
|Caid., Macg, (ONL) 8.
$13
Amer, Tel & Tel
168
. "[
Nal. Distillera
241
Cald., Macg. (Fref.) S.
4
Amer. Tobacco "B" ...
651
National Gypsum
111
Amer. Waterworks
111
National Load
22
Anaconda" Copper
261
Nat. Power & Light
National Steel Corp.
Atchison, T. & S. Fe.
631
THE SHANGHAI
DOLLAR
LONDON, July 24 (By Air Mall) News.la anxiously awaited from
Bendix Aviation
Bethlehem Steel
the East regarding the situation Buss & Co.
of the Chinese Exchange Fund, Boeing Airplane Co.
There has been a further fall Borg-Warner
in the value of the Shanghai Biggs M'facturing
dollar during the
week accom-
panied by rumours carrying a strong semblance of truth that the Fund is “exhausted..
At all events, the
Brooklyn-Mhattan Trans. B'klyn-M'hattan se cum pi.. Canadian Pacific R'way. ... Case, J.L Celanese
market in Chesapeake & Ohio
the East has been Left without Chrysler Corpn. the Fund's support, - and the nominal quotation for the dollar has fallen from 640" to 44d.
This fall follows
Colts Patent Fire-Arms ... Columbia Gas & EL.
A
withdrawal of support in June, Commonwealth, & 8. (ord.) price of the dollar C'wealth & S. & cum pí, when the dropped from Sid. to 64d.. British Consolidated Edison support for
the
Chinese- cur-
rency was given when the Goy-Continental Can
ernment in March guaranteed the
Continental Of Corn Products
Chartered Bank of India and the Hongkong, and Shanghai Banking Curtiss Wright (C)
Curtiss Wright "A"
Corporation against losses they Deere & Co.. might sustain on the £5,000,000 Distillers Corpn. Beagrams which they contributed jointly Douglas Aircraft to the £10,000,000 Exchange Fund then formed. The other £5,000.000 was provided by Chinese banks. Efforts In Vain
Du Font de Nemours 181 Eagle Picher Lead
Eaton Mfg. Co.
Elec. Autolite
Nat. Supply Corpu
8
Auburn Motors ...
Baltimore & Ohio
5...
New York Central ......
16
Barber Asphalt Co
131
Niagara Hudson Power
71
Barnsdall Ou
131
N. American Aviation...........
16#
Canton Lo
$19.60 Coments. *
$3.70 Bope
Miscellaneous
$21 Dairy Farm (Old)
$201 Dairy Farm (New) $6.80 Ch. E'tainments .............. $1.85 Constructions (old) Constructions (Daw)
$7 Lane Crawfords
$1
New York Stocks
12/20
$3.80
#911
萎える
$3.90
Previous To-day's
close
141.73
close Change
142.11. up .38
874
24+
North American Co..........
243
Nanyang Tobacoo
60
Northern Pacific
$1.80 Sincere
$1.98
104*
Owens-Illinois Glass Co.
$8.40 | Wstaoo
$8
$8)
83
33, Ch. G.5% 19250 $Bds.
33%
*
Pacile Gas & Elec.
321
2+2
Pacific Lighting
$1021
E.E. Govt. 4% Loane
8102
50
$991
H.K. Gort. 3% Loan
999
221
Packard Moters
31
$41
H.K Wing On .....
341
131
Paramount Pictures
SK
S'hat Wing O
69
Pennsylvania R.R.
172
Vibro Piling
*
4
Phelps-Dodge
143
Marsmans Ins. ([Lon)'
40
4/0
) Maramana Inv. (BLK.)
74)
Phillips Petroleum
341
31
Wm. Powell
$1
27
Public Service of NJ.
41
*Sales to Shanghai
36
Pullman Inc.
282
34.
Pure Oll
76 *
Radio Corpn. of Am......
51
71
Reading Company, 1st pfd
LONDON STOCK EXCHANGE
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept.
N. Y. Commodity Market
(By Courtesy of Messrs. Swan. Culbertson & Fritz and S. E. Levy & Company)
Prev. „To-day's » High Low Close Close - Change 9.01 8.94 8.95 8.95 unch.
18.64 closed
642 834
641 64 unch.
424 42+
54 53+
421 421 53 B 637 11,14
up. up.
23
NEW YORK COTTON
similar
Columbia 6% "A" pf. Commercial ......
Remington Arms Co., Inc.
31*
464
Republic Steel
(REUTER'S SERVICE)
17
Close Opening
Closing
Change
.14
Reynold Tobac. "B"
401
London, August 4,
October
8.95/95
3.94/94
8:95/95
unch.
72
Richfield Oli
71
.323
Safeway Stores
47
Consolidated Oli
71
Schenley Dist:34 era
121
The following quotations are the middle prices at the loss of the market in London. All quotations are subject to confirmis- tlon and no responsibility is assumed for errors in transmission.
December
8.76/76
8.76/76.
8.77/17
קט 01,
January March
8,83 N
-8.82b/64a
8.83/63
unch.
8.55/55
8:55/54
8.54/54
01 of
39
Schenley, 4% pra.
75
9
e
May
8.39/39
8.30/39
8,40/40
01 up
21
Sears Roebuck
782
82
Seversky Aircraft
War Loan, 31% (Red
Union Insurance
261***
July
8.22 N
8.21/21
8.22. N
"unch..
3+
after 1952),
ts
Shell Union Off
Canton-Kloon Rly. 5% 12
| Gula Kalumpang Rubber, 17/9-
Allied Ironfounders......
Spot
9.55 N
9.55 N
unch
17/8
254
Bocony-Vacuurg Off
11
Chinese 44% Gold Loan
191
Southern Pacific"
141
1888 (Brit Issue)
Asso. & Elec. Industries 41/4 Austin Motors, ord.
NEW YORK BURBER
29/41
181
Bouthern Rly 35 pfd.
26
88
Sperry
421
Chinese 5% Gold Bonds,
1925-47
Cable & Wireless, New
Fort, ord.is
511
Standard Brands
BL
Chin. 44% Anglo-French
10
Stand Gas & Elec.
27
Loan, 1908 an
38
26
Standard 'Oll of California
25+
Chinese 5% Crisp Lank,"
351
Standard OD of N.J.
414
1912 .........
I
Elec. Band & Share
10%
Stone & Webster
124
Chinese 6% Reding. Losh,
The effort now appeats to have
been unavailing.. The Shanghai'
Elec. Bond & Share $5 pl. Elec. Bond & Share $6.p.
614
Swift International
27
191 (Lan 1
891
Technicolor ........................av
15+
Chinese 8% Ster. Notes,
dollar has been borne down by Elec. Power & Light $7 p. the weight of imports to China
Flintkote
351
Texas Corpo.
35
to the situation in North Chiná,
"
exports..
Gen. MotorE
Gen, Railway Signal
porta..
Goodrich (B.F.)
Great Western Bugar
if support" is entirely withdrawn.
1939
15485-121:44 20 #Industrials
High Low Dow Jones Avhengen,
-34,33 -2414 · 20 ·Reflu
97.07 20.71 90 Ullison
98.50
92,21: 87.00 40 Bords?
10.13
51.09 45.59 11 Commodity Index 47.60
through that port which, owing Food Machinery Corp. Gen. American Trans.
have not been paid for by normal Gen. Mectric
It is suggested in banking cir-
cles here that the only solution General Tire & Rubber Co 21
Ties in a heavy restriction of im- Glidden Co.
The situation presents a dim-Goodrich $5 pr. cult problem for the British Gov- Goodyear Tire & Co, ernment. Its endeavour by the Great Northern Iron Ore support of the Chinese has been Great Northern Riy, pid. ill-fated, and in the present poel-
tion of trade through Shanghai Greyhound Corpa. further support to the Exchange Hacker Products...... Fund looks like throwing good Hercules Powder Co.
British Homestake Mining money after bad. Yet
prestige in the East, now so Industrial Rayon- sorely threatened. may
decline International Harrester⠀⠀.51;
Int. Nickel
Mr. Wang Cheng-ying. Commis- stoner of Finance of the Kwel- chow Provincial Government, bas been relleved of his post by order of the Executive Yuan. Mr. Chow I-chun has heen appointed his SUCCESSOT.
--bid. : 1-ex, div.
DOW JONES AVERAGE··
Aug 6, 1939. Aug. 4 High Low Ulche Change 140,73
142.41 141.87 (42.1128 up 29.27, 29.03 19.20 28 ap 26,81 26,43 2874 34 up
180.12
26.97.
(bearer). Chosen Corporation Pekin Byndicat
19 up Shal Tec. Constr. Co.
S'haf Watermi
Business Done;-240,000 shares.
201
Texas Gulf Sulphur
29
1925 (Viskers)
Chih. Imperial Rig. 54
334*
Trans-America, 00. ......
51
Loan .....
494*
20th Cent. Fox.
202
Honan Rly. 6% .....................
371
20th Cent. Fox. $14 pf.
Hukuang Bly, 5%, 1911...
13
481
Union Carbide & Carbon
333
Hukuang · Rly. 5%, 1911
161"
Union Facific
982
(German Issue).........
12
United Aircraft
374
Lung Taing & U. Hai Rly.
18
United Airlines Trans,
124
172
united Corpn.....
3
United Corpn. $3 cum pf., 381
272
United Gas Corpa,
2.
14
United Gas Improvement » 148-
25
US. Rubber
437
12
•
(25)
U.S. Rubber $8 pid.
109
181
U.S. Steel
501
12.
Vanadium
231
78.
Warner Bros. Pict.
(Gef. Stpd. Supl Loan) 12
64
Westinghouse, Elec,
108
Jap. 5% 8ter. Loan, 1907 301
ལྷབསྲེ ཐ་བསླསྐུས
B.-A. Tob. (bearer) .. Cammell Laird, ord,
90/71
September December March
10.04/04
16.72/79
CLOSED
18,73b5/756*
773
May
16.74b/768
Mexican Eagle
: 7/6
193
Courtaulds
30/9
CHICAGO WHEAT
Distillera
Dunlop Rubber:
29
Gen. Electric (England) 74/B
Guinness (A) Son & Co. 100/5 Hawker Siddeley Airc.... 15/0
September December May
64/643
641/641 64/641
unch.
[641/641 642/86
867/68
off
of
Bristol Aeroplane
17/9
Friday's sales:-15,512,000 bushels.
12.
Imperial Chemical Ind. 29/11
CHICAGO" CORN
Imperial Tobacco Marks & Spicer "A" ord. 60/6
.....133/9.
Rolls Royce:
· 102/3
Leyland Motors
Tate & Lyle
Turner & Newall
United Steel
Smethwick Drop For
Armstrong Stevens, ard 6/77
Pressed Steel, com:
Vickers, ord.
Woolworths ánimiano 65/3. Anglo-Dutch
28
Woodward. Irug Car,
18
Jap. 6% 8ter. Loan, 1924 337
Chase National Bank ......
320
50
National City Bank
*25***
HK & Bhat Bank (Col
Reg.)
Chinese Eng. & Mining
འ༥ ...
Burmah
15/6
70/7€
September
4/8
1/9
Shell Trans. Trad. [[(bearer)});
83/1
Nominal
·5% 1913............
S'hal-N'King Rly. 5% 13.
Tientsin-Pukow Rly 5%
(Brit. Stpd.) yana Tientsin-Puków Rly. $%
(German Stpd.) Tientsin-Pukow Bly,, 5%
(Brit. Stpd. Supl. Lorn) 12. Tientsin-Pukow Rly. 6%
Ger. 7% Intl. Loan, 1924 311 Chartered Bank
E.E. & 8'hai Bank (Ldn.
Reg.)
Rub. Plant. Invest. Trust 29/6: Burma Corporation ..... 8/3 Commonwealth Mining. Marsman Investments... 14/3 Randfontein Estaten 1. 38/13 Western Holdings '........... 11/3 Sub-Nigel irmemurung- 220/71 Tánami Gold Mining..... 44. Anglo-Iranian
NY Silver, Oficial
NY-London Cross Rate 4.68-1/8
93/3
September December May
421/421
427/42
421/421
#43/42+
427/42
444/442
#428/424 #61/491
བུ་
62/7+
79/72
23/6
WINNIPEG. WHEAT
15.
18/9
18/3
October December May
531 B
551 B
532/531 551/65
-551/651
58 A
-577/57]
21/8
"NEW YORK HIDES
September
December
11.14/14
CLOSES
11:45/470
34-3/4
umquoted closed
NEW YORK STRAFTS TIN
48.25b/708
closed
YORK COPPER FUTURES
9.25b/284
Closed
9.34/34
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