The Archive · 1939

Share Report Share Market Report (Up to Friday noon)

The market during the week under review has been phenomenal, in fact there has been such activity that special arrangements have had to be made in order to cope with next Monday's deliveries which will represent a turnover of close upon 9 million dollars. In both the "general" and "rubber" sections to which has been confined the larger proportion of investment buying almost all issues in the former and many in the latter have benefitted.

The following new high levels have been recorded General? 16 Stocks, 1. Trust (35.35), Shanghai Loan Yangteze Finance ($8.60), Intascos $10.50), Shanghai Land ($10.70), New Engines (Ord) ($9.15), Wharves ($250), Wheelocks ($40.50), Omnibus ($32.25), Telephones ($106.50), Trams "B" ($44.50). Caldbeck (Ord) ($13.00), Kaipings "B" ($37), Explorations ($7.55), Power (Pref.) ($134), and Ewos (Ord) ($22.20), Rubbers" 18 Stocks.

Alma ($22), Anglo-Javas (319), Bute ($5), Consolidated ($3.40), Java Consolidated 785,400 ($3.10), Kota ($3.30), Kroewoeks ($1.47), Langkats ($12.60), Padang ($1.32), Rubber Trust ($5.55), ($0. Senawang ($3.00), Sungei Duri ($35), Tanah Merah ($108), Kedah ($6.30), SÍ i Pahang

($15.20). one.25 ober $1.07), and Ziangbes The weekly average index has recorded a rise of 7.46 on " general." and 13.24 on " rubber." Largest number of shares in any particular issue went to Explorations (126,350) about 3} times that of last week. This was followed by Ewos (113,897) representing nearly 4} times that of the preceding week, and a rise in price of $3.50. Trading in this stock also represented the greatest volume, viz., $1,996,000.

Debentures:—Tho Debenture market though three times greater than that of the preceding week was comparatively quiet, ita total volume representing only J lakh of which the following transactions at prevailing rates (with the exception of China Realty 8% which rose from 59} to 744) may be noted Tls. 215,000 China Realty 8% at 593/744 182,200 Power 54% Tls. 30,000 Land 6% 1933 Tls. 29,000 Telephone 6% 954/96} Tls. 20,000 Marden 6% " 88

Rubber Reviews, Chinese Rubber Review:—The movement of raw rubber was marked by a drop of 1/16d. in London and a rise of 4 points in New York. The local market continued extremely active, Anglo-Javas taking the lead in the transaction of 18,400 shares, representing almost 3} lakhs and recording a rise of 13.8% in price. Langkats followed suit with 22,650 shares representing 24 lakhs and an Advance in price of 20%. Java Consolidated wore popular and accounted for 67,000 shares Government Bonds, etc. representing 2 lakhs and an 18% rise, The following information has been courteously supplied by Reuters London and Liverpool stocks of rubber on Tune 3rd totalled 65,508 tons showing an increase of 998 tons during the week, Deliveries totalled 1.031 tons compared with 1,298 tons for the preceding week.

The following are the usual comparative weekly prices Loxpox Spot July/Sept. June?nd 8.5/16d.

Sid.

Spot—July/Sept.

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