HONGKONG DAILY PRESS
BANKS
FINANCE
Finance and Commerce
HONGKONG & SHANGHAI THE CHARTERED BANK OF CHINA ANNOUNCES NEW BRITISH BANKS
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Authorised Capital. 850,000,000 Incorporated by Royal Charter, 1853| Issued & Fully Paid-Up #209,000,000 Reserve Funds:
Starling
Paid-Up Capital £6,500,000 Reserve Fund H.E. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
$20,000,000
Read OfBee:-HONG KONG
Board of Directors:
A. L. Shields, Esq.,
W. H. Look, Esq.,
Chairman.
Deputy Chairman.
Hon. Mr. J. E. Bousfeld,
A. H. Compton, Esq..
Hon. Mr. B. H. Dodwell,
D. F. Landale, Esq...
G. Miskin, Esq..
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur .M. Grayburn,
£3,000,000
£3,000,000 Reserve Liability of Pro-
£3,300,000 prietors....t
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Suti-Agencies In London: 117/192, Leadenhall Street, E.C.3. West End Branch:
14/16, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
CALCUTTA
ALOR STAR
KARDIN
PENANG
AMERITOAR
KONG KONG
BANGKOK
ILOILO -
BATAVIA
IPOR
XARACHI KYANG
BANDOON BAIGON SEREMBAN SHANGHAI SINGAPORE SITIAWAN BOURABAYA
TAIPING
TIENTSIN
TONGKAR
(Bhuket)
BOMBAY ..
AGENCIES: KORE
(LIVE STREET
BAIPHONG
KUALA
LUMPUR
Chief Manager.
Branches:
Azioy
Ipoh
Bangkok
Joharé
Batavia
Kobe"
"
Bombay
Kowloon
Penang Rangoon Soigen San
VAIRLIN PLACE CANTON OLWNPORE CIBU COLOMBO DELKI
.
IUCHINO
MADRAS
i
MANILA
MEDIAN
NEW YORK
PEIPING
Calcutta
Kunla
Francisco
Canton
Lumpar
Shanghai
Chefoo
London
Singapore
Colombu
Lyona
Sourabaya
Dairen Malacca. Sungei
Foochow Manila
Haiphong Muar
Patani Swalow
Baburk (Johote) Tientsin Bankow Mukden Tokyo
Harbin
Hongkow Iloilo
New York Tsingtao
Yokohama Peiping
HAMBURG HANKOW
(Peking)
TSINGTAO TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed Deposite The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur-business, and claims recovery of rencies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at
Also up to date Sus Deposit any of the Agencies and Branches. Boxes in various sizes To LET...
R. A. CAMIDGE.
Hong Kong, 5th June, 1930.
HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONGKONG
FINANCIAL MEASURES
CHUNGKING, September 9 (Central)-To further consolidate
of Finance bas.. the central currency structure, the Ministry ordered the establishment of a Joint Head Office by the Central Bank, the Bank of China, the Bank of Communications and the .. Farmers' Bank.
I
A National Government mandate issued yesterday appointed the Board of Generalissimo Chiang Kai-shek Chairman of Executives of the Joint Head Office of the four banks and Dr. HF. Kung. Dr. T.V. Soong, and Mr. Y.M. Chien members of its Standing Committee
ACCEPT WAR
CONDITIONS
LONDON, Sept. 18 (Renter)--- Wkh banks arranging to settle down te War conditions, loans, early in the work word difficult to obtain, but since than money has flowed easily and the clöseing | banks' became good buyers of hills, Hence, the Government was able place £30,000,000 Treasury Bills at the average rate of compared with over £3.12. £3.143. last week.
Wall Street closed steady yes-
to
The Chairman of the Board of merce, banking associations and Executives is authorized by the money dealers guilds in various Ministry of Finance to take provinces and municipalities "to whatever steps necessary for the take part in the examination of terday. four banks at this emergency time. the reserves,
Any of the four banks, whose A retrenchment policy is to be. head office is now not at Chung- adorted by all government offices
king. the seat of the National which are requested to cut down SHARE MARKET
all
and
ac-
REVIEW
HONGKONG SHAREBROKERS'
MONDAY, SEPTEMBER 11, 1939-PAGE 9
PAYNE & CO.
COMMODITY BROKERSTM STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
S P O T
OCT./DEC.
(FROM PAYNE & CO.)
New York, Sept. 9.
Sept. 2
SINGAPORE RUBBER
Sept. 1. buyers Bellers buyers sellers.
34-3/4 31-9/4
change
34-1/2
:
36 36-1/4 Up 1-1/2
31-1/2
29-1/2
34 34-1/4 Up 2-1/2 * 29-3/4 - - 32-3/4 -33 Up 3-1/4
JAN./MARCH
The Singapore market was steady after being irregular,
LONDON RUBBER
Previous close 10-day's close buyers sellers
buyers Bellers change
expenses unnecessary Government, is required to remove It there as soon as possible.
abolish all superfluous organs.
The Exchange Examination Com- Simultaneously the Ministry of
is instructed to exam- Finance has promulgated a set of mittee
ASSOCIATION
S ̊F.O. T measures for strengthening the ine strictly applications in
With the Invasion of Roland | OCT,/DEC, cordance with exchange regula- national currency.
subsequent declaration 01 | JAN./MARCH According to the measures,, tntions promulgated by the Ministry and addition to gold, silver and foreign of Finance and provide exchange war on Germany by England and- France the market has remained exchange... the following may also for only legitimate requirements. be included in the national cur- To develop local france al nominal for the greater part of rency reserves: short-term com- banks are instructed to promote the week with few sales reported. mercial bills warehouse receipts their savings business and invest There has been no panic or undue productive such deposits in productive enter-selling on the contrary there small enquiries for enterprises
prises Meanwhile, at least one
rather lower price RETRENCHMENT POLICY bank will be established in each shares
established. At the The Currency Reserve Boards district and county in the South-levels are instructed to invite represen-western and the Northwestern pro- close of the week, however, the tatives of the chambers of com- vinces.
and
investments In
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGS
Manager.
Bayer Bella
& SHANGHAI BANKING COR, QUEEN'S ROAD, CENTRAL
PORATION. Rules may be obtain-
ed on: application.
For the HONGKONG & SHANGHAI RANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, sath Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Paid-Up Capital ......... Reserve and Undivided
Profits
5,598,000.00
2,333,939.01
Head Office:--HONG KONG
No. 10 Des Voeux Road, Central,
Board of Directors:
Sir Shonson Chow, Chairman
Li Koon Chan, Esq.
HEAD OFFICE:"
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by TR CHABE NATIONAL BANK, New York, with Resources over U.S.$2,500,000,000.
D. M. BIGGAR,
Second Vios Pros
341:41
صلعة
84.05
$15
$16
!!!
Nominal
SHAREBROKERS ASSOCIATION
SATURA · 9. SEPT.
Buyers Beliers Saloe, Tomiss
201
Banks **
H.K. Banks
$330 Union Insurances
Underwriters
$180 |H.K. First
ནང་རྗེ:::B
have been
and
were
enforcement of the gold and cur- rency dealings regulations had a bullish effect on the market and prices took an upward tendency with an increasing demand for shares.
9-1/2 9-3/4 9-5/8 9-3/4 9-3/4" 10
COTTON
closed
The market to-day was weak on spot-house and foreign selling coupled with decreased buying and liquidation, following on yester- day's large Government estimate of the growing crop.
RUBBER
The market opened strong on speculative and general buying." which was mainly due to doubts as to the securing of supplies as some profit- hostilities proceed. At the higher levels," there was taking and prices partially reacted towards the close.
WHEAT
and
Prices went lower on profit-taking
liquidation and
in
HK Docks and Trams came in for enquiry, Docks were wanted sympathy with weak advices from Whnipeg and Liverpool. The at $16 with sales reported at this large world supply situation and the possibility figure. Trams after receding from were additional depressing factora
$16 railled and were wanted at.
attracting sellers. $14 without Hoteis had buyers at $4.60 and Electrics changed hands at $50 (ex div) with further buyers at $40). Business has been reported in Providents at $4.25 and Lands at
New York Stocka
of price-contro
NEW YORK STOCKS
Previous
To-day's
close"
150.04
close Change: 150.91 Up. &
Effective immediately on all Chicago Wheat contracts Margin
$30 with further buyers at this requirements have been raised to UB. $900.00. price and sellers at $31.
The outbreak of hostilities in Europe was responsible for an all round. improvement in prices" "of gold mining stocks. Ban Mauricio advanced 6 ctvs to 79 ctvs. 'Prac-. tically
stocks ali other listed showed an average galry of 2 ctvs over the previous week's closing" prices.
N. Y. Commodity Market
BANK NOTES IN
CIRCULATION.
Returns of the Average Amount of Bank Notes in Circulation in |Hongkong, during the
New York, September 7.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and 8. E. Levy & Company?"
New York Cotton, Oct. month New York Rubber, Sept.
ended August 31, 1939, as certified by the Managers of the respective Banka:
Chicago Wheat, Sept. Chicago Corn, Sept Winnipeg Whest, Oct. New York Hidé Sept.
Prev. To-day's High Low Close Close Change 9.29 9.00.. 9,38 ·9.02 .36 off 21.05 20.30 19.05 20.95 1.60
.1
21% of 7842 701. 37 of
THE CHASE BANK "
$1200
£70
Do. (Col Reg.)
£70
Do. (Lon. Bag.)
#1176 £70
£70
Chartered Banks an
994 Marcantile Bka. #A
201
£19
Hercantile B. "O"
ERA
£18
$19
Bank of East Asia
378
N. C. & B. Banks .....
Insurances
50 cts.
$200 Canton Insurances ...
$900
$14
#1}
$530
$185
Shipping
$67
$67
$18
Steamboats
$15
880
Indo China
(Fred.)
860
$30
Indo-Chinas (Dt.)...
$20
B8/9
$8
$100
up..
$18
841 82
854
821
24 of
པ་
574 554
58)
50#
$108 88.30
78175
13.96 13.55
13.73 18.7863 up
16/3
Banks,
Average Amount.
Atho
N
Batayla Bombay Üllata Haiphong
..Lendon Manila
Rangoon Balgon
Melbourne Ben Fran. Sydney
Znamka
Kew York
Prix
Bourabaya Bwaterw
giace Tiontain
Vancouver Beattie Besarang
H.K. Docks, $18.
Providents, $405.
J
BUYERS
HK. Banks, $1200.
$4.56 #301 | #301
$301
DET
24
$30
$31
Chartered Bank of In- dia, Australla and China Hongkong and Shang- bai Banking Corpora- tion
NEW YORK COTTON
*
Close
Opening
Closing
Change
$23,632,814
October
9.37/38
9.12/10
9:00/02
3604.
December
9.30/31
9.06/02
8.95/97
34 off
$100
A.
Mercantile Bank of In...
dia, Limited
*
195,192,228 January
Märch 4,542,181 May July
9.21 N
6.92/63
38
9.17/21
8.89/88
8.85/81
9.01/01
8.72/73
8.71/72
8.91/91:
*8.63/62
8.60/63
$7.00
Total
$223,367,223) Spot
9.82 N
9.35 N
++
4**
$96
$19.10
NEW YORK RUBBER
$110
$40
HK. Tramways; $141. China Lights (Old), $7. China Lights (New), $4. Electrics, $49.
·#142
Cements, 312).
158
$22
$80.
HONGKONG
$147
SHAREBROKERS*
ASSOCIATION
Volame of Businesa Traasacted "
September 9, 1939
$7.40
$2.70
$58
Hotels
HK. Docks
Lands
September December March May
19.95b/20,05a
א 22.00
·1.95 WP
19.08/05
21.00/05
20.95/95
1.90: up
18.71/75
20.70/68
20.13/20
1.45 up
18.85/85..
20.31/51
20.16 N
1.31 Up
P. K. Kwok. Eng.
Li-Lan Sang, Eng. Wong Chu Son, Esq. Wong Yun Tong, Esq. Kan Ying Po, Bag. Chan Ching Stek, Esq. Fung Ping Wah Esq.
Ksa Tong Po, Esq., Chiaf Maungat.
Li Ta Fong, Esq., Manager,
Branches and Aganoles :—~
Kawloos Pensag
Bingapore
H. K. STOCK EXCHANGE
The market was steady and for
a Saturday morning a fair turn-
over was reported.
##
!!!!
88/0
Shelle
S.10 Waterboats.
Docks, Wharves, Godowns, etc.
$100 BK. & K. WharvOE
Providenta
Providente (new)
H.K. & W. Decks...
Do. (new) presci
3110 Shanghai Docks B...
$ New Engineeringa 8.
Kailmos
Mintog
Venezuela Gold Fide
2 cts, Hong Kong Mines...
Lands, Hotels and
Balldings
H.K. Hotels
H.K. Landr
Do. £% Debatziaren
$7.90 Shanghai Lands
H.K. Rakitna
Humphreyst
Chinese Bataten, is
Cotton Mill
$17.80 Kwo
(8.)
$120 S'ha Cottom (8.) ... $42 Zoong Singi (8.) $48 Wing On Textšine (8.).
Public Utilities
Tracoways
87.40 | Pank Trime (old) jár $3.70 Peak Trazos" (now)
$49/50
$18
$11
Star Ferries w
Y'mati Ferrine
Do. (s) China Lights': (0) China Lights (New)
China Lights Rta
H.K. Electrice..... Macao Eliotion....... Handakaa Ligi
$20 "Telephones - (öld)-
A
$7.88 Telephones' (DEN) ........... 19/0 Tractions in 12/0 Tractions (prst.) Industrials
$14 Cald., Maog: (Ord.) 8.
$18 Cald, Macg. (Fref.) 8.-
Canton Lommer
|Cemente
$3.76 Roper inst
- SilscellaneoUS
Dairy
Farm (Old)
Dairy Farin (New).
$6.90 Ch. Edinmeets ....
$1.56 Constructions
(old)
Constrictions!(now)
$74 Lab Crawforda
Nanyang: Tobecno
$1.80 Binders
[Ch. G.5% 1925G #Bds.
$100 |H.K. Gork, 45, Louna $98
H.K. Göt sig Lown
44 HK. Wing On
B'hai Wing On in
$84 Vibro Piling
Marmans Inv. (L0%,}
4/0 Máramans Lov." (HK WaPowell:
Faskow Hovointa Kebe
Shanghaf Pełping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terma which will be quoted on, application.
SAFE DEPOSIT BOXES TO Lxt. "
KAN TONG PO,
Chief Hanager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head
1
ice-SHANGHAI. Hong Kong Branch: QUEEN'S ROAD, 0. South China Offices:"
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHANI KINGCHOW
We also handle the issue of Monds and other Public Funds of the Chinen Government both at Home and Abrud.
BHOU J. CHEN.
Monager.
Raube, $83.
H& 8. Hotels, $4.55. HK. Lands, $30.70.
HK Realties, $3.85.
וי
Dairy Farms (0), $197, Watsons, $7.80.
SALES
H. & 3. Hotels; $4,55/.85,
H.K. Lands, $301.
Electrics, $50,
Cements, +$12.50.
-Dairy Farms (Old), $20.20...
PHILIPPINE GOLD MINING QUOTATIONS
$3.85
Atoks
173
Antamok
171
Batong Buhay
011
$19
Benguet Consolidated
9.40
Big Wedge.
ITH
$19
Coco Grove
18
$19
Consolidated Mines
009
Demonstration
0771
I IL....
36
Ipo Gold
13.
Itogon Mining ............... Manhulao Consolidated
201
06
$7.80
Manbate Consolidated
012
Mindanao Motherlode
061
Mine Operation
111
North Camarines
18
Paracale” Gummads
San Mauricio
Surigao Consolidated Buyor Conseildsted Syndicate Investment United Parscale:
281
O.D.
!!!
Total sales for the day:-2.960 tons.
||
349
194
$10
TUNUD AND URMONUM
CHICAGO WHEAT
$49
Electrics
200 $4,65 200 18.00 300 30.75
·100 50.00
September December May
651/851 85/851 843/84 86/8518 B42/81 Friday's sales:--32,734,000 bushels.
821/821 821/82/ 831/831
27
CHICAGO CORN
Atois
PHILIPPINE GOLD MENING
September 8, 1939
Antamoks
QUOTATIONS
December
May 173
September........... 50/501. 56/581 800/800
56/582
57/56 60/501
561/58
59/591
***
off
17:
WINNIPEG 'WHEAT
0194
Batong Buhay
017
$3,80
Benguet Consol."
9.40
Big Wedge
171
18
Coco Groveniendom dis
October December
781/781 371 b
792/792
18
$6.90
Consol. Mines
003
May!
831/831
751/751 760/764
·80 B
off
1
Demonstrations
072
NEW YORK COPPER FUTURES
I, I LAMA.
36
· 871
Ipo Gold ............
13
December
$1.98
Itogons Mining
201
Willy
11.25/25 11.326/38a unquoted
11.40/40
11.12/12 11.20/20
#100.
TULEM
Manbulao Corisol acantiates Conso Mine Operations North Camarines Paracale Gumaus
NY Silver, Oficial NY-LO
36-3/4
funguoted
Ion Cross Rate 405-5/8-
4.05-3/8
· 117
NEW YORK HIDES
Ban - Manricio:
Surigao Consol.
December March
13.60/73
14.00705
unquoted unquoted
13.78/78
14.12/12
Bugoc Consoli Syndicate Investment. United Paracales Mindanao Motherlode
«NEW YORK STRAITS TIN
December
51.75 b
3.50 b
56.50/b