HONGKONG DAILY PRESS
BANKS
Finance
HONGKONG & SHANGHAI THE CHARTERED BANK OF MONEY AND
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1859
Authorised Capital......... $30,000,000
Heserve Funds:
Sterling
Paid-Up Capital. £8,500,000 Reserve Fund
..$90,000,000
Head Office: HONG KONG
EXCHANGE
£3,000,000 CLOSING QUOTATIONS
£3,000,000
4I
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-,
£3,000,000 Reserve Liability of
prietors Proprietors
HEAD. OFFICE: LONDON: 38, Bishopsgate E.C.A. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.3. West End Branch; 14/18, Cockspur Street, B.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2.
Board of Directors: A. I Shields, Esq.,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman,
Hon. Mr. J. K. Bonafield,
A. H. Compton, Esq.,
Hon. Mr. S. 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,
AGENCIES AND BRANCHES:
ALOR STAR AMRITSAR BANGKOK BATAVIA BOMBAY
HARBIN HONG KONG ILOILO IPCH KARACHI
PINANG MANGOON BALGON SEREMBAN SHANGHAI SINGAPORE
CALCUTTA ILANG AGENCIES: IOBE CLIYE NI KUALA
LUMPU SUCKING
Chief Manager.. PAIHLIE PLACE
HAIPHONG
Branches:
JANTON CAWNPORK
CEBU.
Amloy
Ipoh
Bangkok
Johore
Penang Rangoon
COLOMBO
DELKI
Batavia
Kobe
Saigon
Bombay
Kowloon
San
+
Calcutta
Francisco
Canton
Lumpur
Shanghai
Chefoo
London
Colombo
Lyons
Dairen
Malacen
Singapore Sourabaya Sungei
Foochow
Manila
Kuala
Haiphong Muar
Patani Swntow
Famburg (Johore) Tientsin Hankow Mukden Tokyo. Harbin New York Tsingtao
Yokohama Hongkow Peiping Iloilo
MADEAR
MANILA
MSDAN
NEW YORK
HAMBURG: PELPING
HANKOW (Peking)"
SEPTEMBER
1: 1839
On London :----
Telegraphic Transfer. 1/2 13/18 Bank Bills, on demand?/9_13/18 Credits 4 months' sight 1/3 3/8 On Shanghal:-
On demand
On Singapore:~~-
On demand On Japan:-"
On demand
On India:-
.*360
*2 1/9
1812
Telegraphic Transfer. 182 38
and demand
On New York:-
Bank Bills, on demand 24 3/4 Credits, 60 days' sight 28 1/8
SITIAWAN Un Batavia-
BOURABAYA TAIPING
TIETSIN „TONOKAH
1: On demand
45 1/A
On Parls:-
(Bhuket)
Bank Bills, on demand"1380 Credits 4 months' sight 1140
Un Saigon
On demand
106 3/4
Un Manila:
On demand
49 1/9
On Bangkok:-
150 1/4
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 ACCOUNTa also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
On demand Sterling Notes:-
Bank Buying Rate.... 1.3 1/4
20 13/16 Bar Sliver per oz,
Market Report.
FROM BOZA BROS. Silver prices were lowered yes- terday to 20.15/18 for both dell- Silver advices reported
CORREST ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS The Bank's Head Office in London received for one year or shorter undertaken Executor, and Trustee veries. periods in Local and other Car- business, and claims recovery of India and Speculators as having The market was quiet. rencies on term which will be British Income Tax overpaid, on sold quoted on application.
terms which may be ascertained at American Silver ALSO up to date SAFE DEPOSIT any of the Agencies and Branches.
36.1/8 for Spot. BOXES in various sizes To LET
Hong Kong, 5th June, 1939,
HONGKONG SAVINGS
BANK
R. A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
is conducted by the "HONGKONG
& SHANGHAI BANKING COR-
PORATION. Rules may be obtain-
ed an application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION,
V. M. GRAYBURN,·
Chief Manager. Hong Kong, 25th Feb., 1999.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....10,000,000.00 Paid-Up Capital 5,588,800.00 Reserve and Undivided
2,883,932.01 Prosta..
Bead Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shoutoa Chow, Chairman
Li Koon Chua, Esq." Li Lan Yang, 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 THE CHARE NATIONAL 'BANK, NEW YORK, with Resources over 1.8.89,500,000,000.
D. M. BIGGAR,
Bound Fios Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofco:-15, Gracechurch Straat, London, E-CA Authorised Capital
19,000,000
F. K. Kwok, Esa....... Wong Chu Son, Baq-Subscribed Capital Wong Yun Tong, Esq. Ken Ying Po, Rag.
Chan Ching Bhek, Esq. Fung Ping Wab Lag.
Kan Tong Po, Esq., Chist Mansgur.
Li Tan Fong. Esq.," Manager,
Amoy
Bateria
Branches and Agenciaa'zom
Paid-up Capital Reserve Fun and Ront,
BANKERS:
was quoted at
71
FINANCE
and Commerce
U.S. INCREASE
WAR RISKS
NEW YORK, Sept. 12 (Reu- ter)-The minimutu war riaks Insurance rates On British, French and Pulish Vessels plying between North América. America
and European Atlantic ports show" an increase of 50 per cent.
Other schedules #re changed.
1933-
„WEDNESDAY, SEPTEMBER 13, 1939. -PAGE 9
CHINESE BANKS AND FOREIGN EXCHANGE
Three
of dalegnies
Chinese banks in Hongkong called on Hon. Mr. 8. Caine, the Financial Secre- tary of the Hongkong Government, on Monday afternoon, petitioning that all Chinese banks be per- mitted to deal in foreign exchange provided they adhere to the foreign exchange restrictions re- cently announced by the Hongkong Government.
GOVERNMENT ORDER
STOCK EXCHANGE By order of the Hongkong Gov-
SHOWS USEFUL
GAINS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
ernment only three Chinese banks, S POT namely, the Bank of China, the OCT,-DEC. Overseas Chinese Banking Cor-JAN.-MARCH poration, and the Bank of East The market was Asia are authorized to sell foreign to lack of sellers. exchange during the emergency period.
LONDON, Sept. 12 (Reuter)
Loddon -The
Stock Ex-
The delegates "pointed to the change was generally bright,
special facilities which different with coppers, and some indus-
Chinese banks other than the trials showing useful gains.
three authorized ones can provide SPOT Among the commodities, cotton in remittance to certain parts of OCT/DEC.
JAN./MARCH with prices sharply | China. was active higher, although late dealings saw It is understood that Mr. Caine a slight reaction on freer offer will take the matter in ings.
deliberation.
Rubber was firmer and there was a good general demand. Wall Street was irregular.
LONDON GOLD
London, Sept. 11 (Reuter), Bar Gold, Fine per oz, 168.
11
1
careful
LONDON METALS
£
EXCHANGE London, Sept. 11 (Reuter), buyers aellers
£
TIN Standard. Cash 229-3/4 Standard.
3 months 229-3/4
HONGKONG SHARE
The London-New York Cross- STOCK EXCHANGES rate was quoted at 402-seller, 406 bayer. New York/London was quoted at 404.1/2.
Quiet.
Market
Sterling
"
A small business was done at 1/3 for Cash. The market closed) at 1. p.m. with sellers at 1/2 31/32 September/October and 1/2.15/16 November/December, buyers at 1/3 September, 1/2.91/32 November and 1/215/16 January.
U.S. Dollars
A amall business was done at 25.3/8 for cash. There were sellers at 25.1/4 for cash, buyers at 25.7/18:
for cash.
Shanghai Dollars ·
Nominal 360.
41
230
230
QUOTATIONS
SHAREBROKEELS“ ASSOCIAT ON
Bayan Ballers
Bake
Nomzina)
TUESDA 12. SEPT.
Beyers Ballara Saldomina
Bili
Shanghai Market, Opened at 3:15/16 and closed with sellers at 3.31/32 for Spot,
$99
84.30
$162
Afternoon Märket
Sterling
21,900,000 Quiet.
£1,030,000 €1,452,770
The Bank of England and Midland
Bank, Ltd.
BRANCHES:
ipol
Kantao
Kowloos Penang
Bizgapore
Iorios
Bangoon Bombays
Bangkok
Bomber
Batyou Bwalow
Bothbay
Kuala TrengganO Mactan
Calostia
Melbourne
Haiphong
Ban Fran- Sydney
elsoo Tintin
Caientia
New Yor
Colombo
Kandy
Paning
Honolulu
Lobe
Pariv Felping
Semarang
Shangha
Delhi Galle Homrkung Howrah
Karach
Rangoon
Kata Bharu
Shanghai
Kunis Lipis
Silo.
.
#1
$8.60
The market closed with sellers 'at 1/231/32 September/October and 1/2.15/16 November/Decem- ber, buyers at 1/31/32 for cash. 1/3 September, 1/2.31/82 November 34.60 and 1/2.15/16 January.
`Banka
H.K. Banks
Canton Insurances
$180 H.K. Fires
Shipping
$67
Douglas superpa
$12
Steamboats
$60
Ludo-China (Prof.)
$30
89/4
Indo-Chinas (Del.)...
Shells
$8.10 Waterboa ta
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharvin Providenta
Providente (aww)
$10/16)...B.E. & W. Docks.. $16
Do. (new)
3110 (Shanghai Dooks 8.
$7) New Engineerings 8.
Mining
Kailor"
|Ranbi
Venezuela Gold Fida
2 cta Hong Kong Mice ... Lands, Hotels and Buildings
H.E. Hotels of
H.K, Landa med.
jDo. 1% Debenturan
TH
1114
SINGAPORE RUBBER
Sept. 9 buyers sellers
36
New York, September 11.
Sept. 11 buyers sellers
change "up 3 eta
up 4 ets."
up 2-3/4
36-1/4 39
344 34-1/4
32-3/4. 39
38. 35-1/3
firm There was no offering in Oct-Dec, owing
LONDON RUBBER ........!
Previous close *10-day's close buyers sellers buyers sellers
change 9-1/2 9-3/4 -10-1/8"-10-1/4 is up 5/8 9-3/4 10-1/4 10-1/2 * up 5/8 10. 10-6/8-10-7/8 up 7/8
9-5/8" 9-3/4 Market very steady on overseas advices.
COTTON
Prices finished strong on Arm Liverpool cable and on spot-house and general buying Effective from September 11, the cotton export subsidy programme has been extended to include Canada, Mexico and other nearby countries to which it has hitherto been unapplic- able...
RUBBER
Price, progressively advanced on encouraging "overseas advices, strength on Wall Street and a good volume of buying "on fear that shipments may later be restricted by war conditions on the high
'seas.
WHEAT
Prices opened upwards on higher cable from Liverpool and other foreign centres and then advanced on speculative and general buy- ing together with the firmness of the stock market.
NEW YORK STOCKS.
Previous close
To-day's
close
Change
150.91
155.12
up 4.21
N. Y. Commodity Market
New York, September 7.
(By Courtesy of Messre. Swan. Culbertson & Frits and S. "E: Levy, & Company)
Frey. To-day's Low, Close Close Change
9.09 9.02
27 up 21.30 20.95.21.70 .75 up
842 57+ 557
'823 821 84
I up 564 742 751 751 unch. 13.00 IB78 115.3 in
13 up
564
$1910
£70
Do. (Col. Reg.)
$1125
970
Do. (Loo. Reg.)
£70
New York Stocks
£61
Chartered Banks
£70
VI
424
Marcantile Bk. ***
£8
£12
Mercantile Bka, “****
£84..
$79
Bank of East Asia ...
£19
N. C. & 8. Banka .......
50 sta.
Insurances
$900
$900
$330 Union Insurancis
Underwriters
#11
33:0
$125
367
$16
200
$20
81/41
$8
High
$100
$4)
$4.35 $4.20 38...
New York Cotton, Oct.................... New York Rubber, Sept.
9.95
..... 22.00
Chicago Wheat, Sept...............
$18
Chicago Corn, Sept.
Winnipeg Wheat," Oct.
784
$108
New York Hides. Sept.
14.39
83.36
NEW YORK COTTON
16/2
Close
Opening
$4
October
9.00/02
9,09/09
Closing
9.29/29
Change
27 up
December
9.05/97
"9.07/08
9.20/22
.25. up
January
8.89/89
* 9,03/03
9.16 N
7 up
$4.85
March
8.86/87
* 8.99/09
9.08/08
21 up
$31
8301"
$301
***
Masger
Forward, 20-15/16d...
NEW YORK SILVER New York, Sept. 11. (Reuter). Official Price. 38-1/8.
BOMBAY SILVER · Bombay, Sept. 11. (Reuter), Market Uncertain.
Offtake 100 bars.
Indian Mint Sliver
Ready
50-06 56-02
68-02
Hantow New York Beattle Vancouver
one year
Suspore Kuala Lumpur HONG KONG BRANCH: balesetracted.
Travellers Cheqünə femsed,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN CURRENT ACCQUETS opened in Local Car rendy and FICED DEPOSITS ceived in Local Carreney, STERLING & U.S. DOLLARB on terus that may he retained ex application,
D... BENSON.
Every description of Banking and Every descriptions of Banking and Exrbang Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Loca! Currency and Fixed Deposits re- or shorter ceived for periods in Local and Foreign Cur- reccies or terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerons 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 Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, 0. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds) and other Public Funds of the Chinew Government both at Home and Abrad,
BHOU J. CHEN,
SILVER MARKET
LONDON SILVER
London, Sept. 11 (Reuter). Silver-India and speculators sold. Support small. Market quiet. In the afternoon, the market was very dull, with buyers satisfied.
Spot, 20-13/18,
Sept. 9 Settlement Oct. 7 Settlement
New York Exchange
New York, Sept. 11 (Reuter).. TT. on London. (Opening Rate),
Manager 4.06
Japan... India Paris Hongkong
Silver Duty Rate
The Central "Bank of China's
rate on London at 10 am, to-day was 1/2-1/24.
The Equalisation rate was 10-1/3-| per cent.
Dairy Farm (New),
$6.90 Ch. F'ainmania $1.55 Constructions
$1 Constructions (DOW) ($7) İLANDA CHawforda"
Nanyang Tobacco $1,80 BE
Watrona
Ch. G.5% 10960 $Bds. $100 HK. Gort. 4% Lowas
#81
II.K. Goys. 81% Kocman H.K. Wing Os.... B'hal Wing On
Vibro Filing
· 11/3 - Marumans Inv. (Lon.)
Maramana Lay, (ILE)
W. Powellsmere #Hales to Shanghai
$100
May
8,71/72
8.83/84
8.94/94
22 up
par
U.S, Dollars
Sellers at 25.1/4, buyers at 25. 7/18 for cash and 25.3/8 Septem- ber,
474.10
$7.96 Shanghai Lands 8. H.E. Rositio
July
3.80/63
8.75/74
8.88/58
25 up
$4.10
Spot
9.35 N
9.04 N
,29. up
Humphrey
$7.90
$98
Shanghai Dollars
Nominal
Shanghai Market. Quiet. 3.31/32 for Spot:
$154
Shanghai Exchange
$58
Chinese Estates
Cotton Mills
$17.90 Ewo (8.)
$120 |8’hai Cottons (8.)
#42 Zoong Sings (8.)"
$48 Wing On Textiles (8.)
Public Utili
Tramways
$3.70 Peak Trams (new) ..:
Star Ferries
单品
NEW YORK BURBER
$18.10
3110
$40
September' December
22.00 N°
$60
March
May
$15
21.45/22.00 20.85/70 20.18 N 20.70/58 Total sales for the day:-2,910 tona.
20.95/95
23.40b/502 1.50 up 21.65/70
75 up
20.13/20
20.88/68 20.65/65
.48 up
.49 up
$7.40 Peak Trains (obl) £.
$7.40
$3.70
CHICAGO WHEAT
$58
$22
T'mati Farrios.
$27
Official T.T. Rates
Do. (Dew)
September
China Lights (0)
$7.25
December
Opening
London
0/3-1/2"
China Lights (New) China Lights Rs.
84.25-
May
821/821 82/821 824/83 831/831.
837/837
837/84
834/64
85/851
SBA
up
New York
5-7/8
$60
$49/50...
H.K. Electrics. ........
$49
Saturday's sales: 25,413,000 bushels.
d
24-7/8 19-3/8 2.53
18
Macao Electrica
$11
Sandakan Lights
CHICAGO CORN
$50
23-1/4
Sterling
Seilers Opening Closing
Telephonse (old)..
$7.60 Telephones (DoW) 19/0 Tractiona
22/0Tractions (prať.) Industrials
$14 Caid., Macg. (Ord.)
$20
September
56/502
571/571
December
581/56
581/57
584/561
May
59/591
50/591
591/591
BES
$18
1
Spot Sept: Oct,
0/3-15/16 0/3÷06/84 "0/3-15/16 - 0/3-31/32
0/3-7/8
Cald., Macg. (Prof.) B. Canion Ide
WINNIPEG" WHEAT
$121
Comente
$121
$3.65
11
October December
751/75
741/741
7351/751
781/761 78/75
167/767
MiscellaneoNE
$90 ox.div. $90
U.8. Dollars Bpoz. 96-5/8 $3-23/32 Sept. 6-9/16 Oct,
$19 ex.div.]
ex.div Dairy Farm (Old).
820j | O.D.
May
80' B
804/801
320
$8.90
6421/32 6-13/32
[old]
31
December
Market:-Quiet.
July.....
Merchant Rate
$8.10
Sterling, 0/3-29/32
US Dollars, $6-9/16,
$1.98
$100
$10
#8
December March
NEW YORK COPPER FUTURES
11.12/12 11.20/25 11.45/45 11.20/20
NY Silver, Official ...... unquoted NY-London Cross Rate 4.05-3/8"--
NEW YORK HIDES
-14.20/21 14.30/31 13.78/78/7 14.12/12 14,65/70- 14.65/65
NEW YORK STRAITS, TIN
11,286/45a. ̈11.54b/60a
36-1/8
·4.04-1/2
December
56.500
61,20 A
81,00/05