HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED RANK OF
BANKING CORPORATION
Authorised Capital. ... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1858
Reserve Funds:
Sterling
$20,000,000
$3,000,000
£3,000,000
1
Paid-Up Capital £4,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
£3,000,000 prietors Reserve Liability of
Proprietors
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.9. Sub-Agencies In London: 117/199, Leadenhall Street, E.C.3. West End Branch:
Head Office:-HONG KONG
Board of Directors: A. L Shield, Esq.,
W. H. Lock, Eng.
Chairman.
Deputy Chairman.
Hon. Mr. J. K. Bousfold,
A. H. Compton, Esq.,
Hou. 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,
Batavia Kobe
14/16, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN BONG KONG ILOILO. IPOTI KABACRI
CLICK STREET TUALA
CAWNPORE CEBU.
H. K. STOCK
EXCHANGE
The market opened with a mo- derate enquiry and in course this became well spread over the whole range and, as at first supplies were limited, prices showed an all round improvement. General trading re-
BUSINESS DONE DURING THE WEEK
FINANCE
NEW LOW MARK
FOR STERLING®
Foreign Exchange Disorganized
NEW YORK, Sept. 15 (Reuter)
disorganised AS Sterling | sulted in a moderately large turn--The Foreign Exchange Market
over, Docks Trams and Lands being was the leaders. At the close the pace struck a new low mark, with very heavy general selling here and has slackened together with slight recession in price levels, but abroad, while the British Equalisa- there are indications bargain hun-tion Fund continued. Indifferent.
There was a straight downward' ters are in the oftus.
noon, movement, until around.
Was when the day's lowest 3.77 witnessed; then it steadily re- to sentiment covered," however, and remained most confused.
FRANC ALSO DROPS Scandinavians changed, little, L divorce from the indicating sterling. The franc dropped more however, traders wert sharply; not surprised since the franc is tled to sterling rather than to the dollar.
FK. Banks, $1225, H.K. Fire Ina,, $185.
Docks. $16, $161, $16), $19 $19). Providents. $4.80. .. Hotels, $4.55. $4.65 $5.30.. Lands, $30
$32)
$304. $31.15; $32,
Realtles. $33.4. $4.10, $4.30 $43, Tramways, $18.10, $16.15, $16.30,
$164, $16.
Another feature Was the re- appearance of the German bene-
Electrics. $49, $50. $401, $50, $50, volent mark, which had not been
$311 $52. $52.20.
Telephones (0), $21}, $22," Cements, $12.60, $13, $143 " Dairy Farms (O), cum-div. $20.20,
$201.
ALOR STAN AMRITSAR
BANGLOX
PENANG BANGOON BAIGON
BATAVIA
SEREMBAN
BOMBAY
SHANGHAI
CALCUTTA
KLANG
SINGAPORE
AGENCIES: KON
AITIAWAN
Star Ferries, $59, $61. China Lights (0), $7.85, $8.10. China Lights (N), 55).
7
BOURABAYA
Chief Manager.
FAIRLIL PLACK
CANTON
LUMPUR
TAIPINO.
KUCHING
TIENTSIN
Branches:
MADRAS...
TONGKAH
Anidy
Ipoh
Bangkok
Johore
Penang Rangoon
COLOMBO DELFI
MANILA
(Bhuket)
Saigon
HAIPHONO
MEDAN NEW YORK
TSINGTAO YOKOHAMA
Bombay
Kowloon
San
HAMBURO
PRIPING
Calcutta Kuala
Francisco HANKOW
(Peking)
Canton
1
Chefoo
London..
Colombo
Lyons
Sourabaya
Dairen
Malacon
Sungei
Foochow
Manila
Patani
Haiphong Muar
Swatow
Tientsin
Hackow
Mukden
Tokyo
Harbin
Hongke Iloilo
New York Peiping.
Lumpur Shanghai
Hamburg (Johore)
Singapore FORSION EXCHANGE and General
Banking Business transacted.
Tsingtao Yokoham &
די
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 ACCOUNTI 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 terms which will be British Income Tax overpaid, on quoted on application.
terns which may be ascertained at
on
Also up to date SAR DEPOSIT any of the Agencies and Branches. BOXES in various sizes To LET
R. A. CAMIDGE,
Hong Kong, 3 June 1900.
HONGKONG SAVINGS
BANK
The Business of the above Bank 16, QUEEN'S ROAD, CENTRAL
is conducted by the HONGKONG
& SHANGHAI BANKING COR-
PORATION. Rules may be obtain-
ed on application.
For the HONGKONG & SHANGHAI BANKING-CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1838.
BANK OF EAST ASIA,
LIMITED
Authorised Capital.....$10,000,000.00
Paid-Up Capital
Beserve and Undivided
Profits ...
5,598,600.00
2,883,932.01
Head Office-HONG KONG
No. 10 Des Voeux Road, Central,
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chun. Eaqu Li Lan Sang, Em
P. K. Kwok, Esq.
Wong Tan Tong, Esq.
"
HEAD OFFICE:
18, PINE STEKET,
NEW TORK. An American Bank offering com- plete Foreign Banking Bervice. in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHABE NATIONAL BANK Nrw Youx, with Resources of ayer U.6.$2,900,000,000. «
D. M. BIGGAR,
Second Vice Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head cmco:15, Gracechurch Street, London, E.0.3
Wong Chu Sox, E-Auldorised Capital Kan Ying Po, Esq. Subscribed Capital
Chan Ching Shick, Esq. Fang Ping Wah Esqld-up Capital
Kan Toog Po, Esq., Chief Mansgar.
Li Tau Foog, Eaq, Manager.
21
Brancher and Agencies ----
Amo
Batavia
Bombay Unioutia Haiphook.
Bankow
Bondlala
Kobe
.
Kowloon PAZZESE Blugapore London
Fogoon Sourabaya Kanda Saigon Swalow Melbourne Ban Fran Sydney Nagsaka
ciano Tiantaiata Seatin Vancouver
New York Parix
Pelping
Semarang
Shangha
Reserve Fund and Rost,
BANKERS:
Dalry Farms (0), ex. div. $20.
$203.
Watsons, $8.60. Entertainments, $8.60."
"BUYERS
HK. Bank, $1270. Union Ins., $365. Providents, $43.-- H.K. Hotels, $43. H.K. Ropes. $4.
SELLERS H.K. Bank... $12.70. Union Ins., $400, Providents, $4.45. HK. Hotels, $5. Cements, $14).
quoted since Sept."2 with to-day's rate unchanged.
it.
Was
Traders said to-day that there completely a sellers' market, thus actual dealing was very small.
DOLLAR DEMANDS The Foreign Exchange Com- mittee announced that any Ameri- for dollar will be Fan demand satisfied in London at the rate of 4.02, if such demand is connected with liquidation of American own- ed pre-war sterling balances current trade transaction with the British Empire ---
Watsons, $8.60.
SALES
H.K. Docks. $181. H.K. Mines, 6icts.
HONGKONG SHARE QUOTATIONS
$350
! !
1 - 1
$11
о
SHAREBKOKKES- ASSOCIATION
$200 Canton Insurances
Union InsurADOM
Underwriters
#188 H.K. Fires
가
Shipping
367 Dougis nasprotse
Steamboata
Indo-Chinas
$12
$60
$30
90/7
Bhells
$90
$4.45
$191/119...
(Prot.)
#4
Indo-China (Def.)...
$8.10 Waterboste
Docks, Wharvės.
Godowns, etc.
H.K. & K Wharves $100
Pravidenta
Providente (ZMW)
HK & W. Dock...
"Do. (new)
3110 Shanghal Docks 8. $71
New Engineering 8. Mining
Kxilsos...
Bagba
Venezuela Gold Fids
Hong Kong Hip ... Lands, Hotels and
Buildings
H.K. Hotels
23,000,000
£1,400,000
£1,050,000
£1,22,7:0
$8.70
401
2 ta
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Kuantan
Bangkok Bombay
ipoh, Jaffna
Kuala Trengg
Madma
Calcutta Calotuta
New York"
Kandy
Pearng
Dethl Galle
Karachi
HASgOOD
Kota Bharu
Shangla
Hoogkong
Kuala Lipis
Simis
Howrah
Kuala Lumpur
Singapore
HONG KONG BRANCH:
! !
41
SATURDAY, SEPTEMBER 16, 1939. —PAGE 9
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE Undaraigned have received
matructions by liquidators
New York, September 14:
to sell by
PUBLIC AUCTION
SINGAPORE RUBBER
Sept. 13 buyers sellers
SPOT
Sellers
change
38-1/2
OCT./DEC.
37-1/4
JAN./MARCH
35-1/2
In the morning the market was quiet.
Sept buyers
37 .35-1/2
34
On 1-1/2 TUESDAY, the 19th SEPTEMBRE,
1939 Of 1-3/4
"Commencing at 10.30 a.m.
ON 1-1/3
Late in the afternoon Spot staged a sharp advance buyers bid- ding 38-3/4 without attracting sellers.
LONDON RUBBER SPOT OCT./DEC. JAN./MARCH
Singapore quarters remain very bullish
Previous close To-day's close buyers sellers buyers sellers 10
9-3/4 10+1/4
10 10-1/4 10-3/8 9-7/8 10-1/8 10-1/2 10-3/8 10-1/8 10-3/8
change Off 1/4 of 3/8 Off 3/8
{
Market irregular. COTTON: October was the only option showing advances on some Trade buying, while other positions reacted under Southern hedge-selling combined with lower advices from Liverpool...
RUBBER: Prices opened lower on discouraging advices from foreign sources and on the weakness of the Sterling exchange, but the market thereafter reacted on the recovery on Sterling and on some buying by the Trade,
WHEAT: The market to-day was strong and prices moved up- ward on foreign buying and on good, all-around support, following a statement by the Secretary of Agriculture that the Government
• would approve an advance to the party level.
NEW YORK STOCKS: Previous close 154.10; To-day's close 153.71: Change, Off 39
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Prey. To-day's High Low Close Close Change
9.36 9.15 9.15 9.34 .19 up 20.80 20.00 20.90 20.30 .10 of
85 B&
87 1 up 573 ST+
1571
up 21 up
New York Cotton, Oct. New York Rubber, Sept. Chicago Wheat, Sept. Chicago Corn, Sept. Winnipeg Wheat, Oct. New York Hides, Sept. NEW YORK COTTON
October
Close
*9.15/15
88
58+
791 751 751 781
Total sales for the day:-3,460 tons.
unch.
At No. 377, The Peak.
A QUANTITY OF VALUABLE HOUSEKOLD FURNITUEN
Commising:--
Chesterfeld Couches and Chairs, Teak Dining Table, Sideboard, Dining Chairs, Teak Book cases,
Cutlery. Suverware, Omaments, Glass Ware, Crockery, Porcelain". ware, Table Lamps, Electric Fit- tings and Linen.
Brass, Iron and Teak Bedsteads, Teak Wardrobes, Chest of Drawers, Card Tables, Desk, Sewing Ma- Books, Heater, chine.. Electric Cooking Stove and Kitchen Utensils.
also
1 Cine Projector. Volt Meter and
3 Cine Screer's
G. E. Refrigerator
and
1 Phillips Radio (new)
6 Tientsin Carpets
On VISW from SUNDAY, the 17th SEPTEMBER, 1938.
Terms: Cash on Delivery.
LAMMERT BROS.
· AUCTIONEERS.
03 of PUBLIC AUCTION.
.11 of
狂莊莊
851/851
*****
801/201
1
UP
86/861
87/887
11 up
812/874
884/884
up
'',
• 854/85# 862/881 Wednesday's sales:-28,049,000 bushels,
NY-London Cross Rate 4.00-1/8
F
៩ដ
99€
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
CN
WEDNESDAY, the 20th SEPTEM-
...BER, 1938.
Commencing at 10.30 a.m.-
יד
"At No. 28, Conduit Road.
HOUSEHOLD FURNITURE
and
.19 off 14 of
One Blue Spot Radio
On VIEW from TUESDAY, the 19th, SEPTEMBER, 1939.
Catalogues will be issued.
4
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
Manager.
STOCK EXCHANGE
Buyer Sellers
Bales
Nominal
FRIDAY 15. SEPT.
Buyers Ballare Badas, Momina
14.58 14.15 14.43 14.58
15 up
THE CHASE BANK
Opening
Closing
Change
Banku
1295
H.K. Bank
9.18/17
9,30/34
.18 up
$1925
271
Do. (Col. Beg.)
£71
December
9.04/06
9.04/04
9.04/06
£71
Do. (Lon. Eng.)
"£71
January
9.01 N
9.01/01
8.95. N
.03 off
Chartered Banks (one
224
Korchatile Bks. “A”
26)
March
8.93/93
8.94/93
8.89/90
Mercantils Bk. "0"
May
8.76/77
8.76/77
8.66/66
£12
£13
$79
Bank of East Azis ....
July
8.66/66
8.64/65
8.53/54
.12 off
IN. C. & A. Banks
Insurances
€172
Spot
9.45 N
9.36' N
09 DIT
150 c£8,
NEW YORK RUBBER
$200
#1+
September
20.00b/45a
22,15b/40
.D5 "off
$845
December
20.90/80
$165
March
19.48b/55a
20.50/50 19,25/15
20.80/80
.10 of
19.45/49
.01 off
May
19.35b/400
19.25 A
19.32 N
.08 off
367
$15
$50
CHICAGO WHEAT
820
September
90/
December
$8
May
CHICAGO CORN
$4.80
September
577/572
581/581
up
$191/ 18.00
December
574/577
574/571
57/573
up
May
801/807
601/601 801/601
1
up
A QUANTITY OF VALUABLE
$108
$8.30
WINNIPEG WHEAT
October
75#/751.
18/2
December
773/778
758/761 777/781
781/781
23
up
701/80
24
up
$3.60
May
811/01/
844/841
24 up
34
NEW YORK COPPER FUTURES
December
11.30b/34a
July
11.41b/424
11.30/30 11:35b/45a
$5.10
$6.10 $327
NY Silver, Official
... 38-3/8
par
H.K. Lande ........... Do. 4% Debentarna
$391
11,15/15 11.25b/28a unreceived. 1.93
$100
17.86 Shanghai Lands
S.
NEW YORK HIDES
H.K. Realties
34.40
841.
December
871
Humphrey "......................
$7.90
Every description of Banking sad Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re-
Every description of Banking and Exchange Euxine transacted.
Travellers Cheques Insued, TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
ceived for one year or shorter" CURRENT ACCOUNTS opened in Local Cur periods in Local and Foreign Curry and FIXED DEPOSITS resized in Local terms which will be Carney, STERLING & US, DOLLARB on term rencies
that may be secretained on application. quoted on application...
SAFE DEPOSIT BOXES TO IT."
03
KAN TONG PO,
..Chief Manager.
BANK OF CHINA
|HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Traiznateä
$16.80 Ewo (k) memes
$120 8ha Cottons (8) $41 Zoong Bings (83)
$481 Wing On Textiles (B.)
Public Utilities
$161/18 Tramways
ma
$7.40 | Fosk Trams (old) ... $3.70 Peak Trama (new) ... 281 18tar Ferries
I'mati Farris
Do. (Dew) Chins Lights (0) China Lights New)
$22
#3.10
$62,20
$18
Macko Elmeseion
$11
Sandakan Lights ......
Chins Lights His.
H.K. Electrics ........
$98
Chinese Extates .................
Cotton Mills
March
14.15/20 34.40/43 14.80/83 14.65/85
14.57/58 14.97 N
15 up
כט 14
$18
NEW YORK STRAITS TIN December
unreceived unquoted
55.00b/57.00a
$110 340
460
$161/16
D. BENSON,
MAGAZET
$7.40 $3.70
$60
$82
014)
KIRIN
The
B
E
E
Choice of
The Multitude.
Sole Agents:
H. HONDA &
20790.
R
CO.
40, Johnston Road. Hong Kong
PUBLIC
AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
WEDNESDAY, the 20th SEI
BER, 1938.
Commencing at 5.15 păm.
At their Sales
Connaught
Central,
(Room No. No. 2,
2nd Floor).
A VALUABLE COLLECTION
POSTAGE STAMPS
On VIEW from TUESDAY, the 19th SEPTEMBER, 1999.
LAMMERT BROS.
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
4 la
Friday, Sept. 15, 1939.
HK, Banks Watson
2 $1,260.00
500
'8,80
73
51,00
4.35
4.00
PAID-UP CAPITAL $40,000,000.00 HK. Electrics
(BRANCHES ALL OVER CHINA) China Providents. 250 Owing to our numerous Branches HR. Rupes.......
in China and connectione in the H.K. Mines
principal Commercial Centres of
the World, we are able to extand to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Hong Kong Branch: !
4, QUEEN'S ROAD, C." South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
100
10,000 1000 0.06 PHILIPPINE GOLD MINING QUOTATIONS
Friday, Sept. 15. Atoky 18s..
15/ Antamoks Baguio Gold 138., Benguet Consol, 9.40s. Batong Buhay, 0018., Big
Wedge 1735., Coco Grove 138., Consol, Mines 0058. Demonstra- Elons: 065, I X. L. 338, Ipo. Gold 10s. Ibgons Mining 1618; Maa bates. Consol. 0818, Mine Opera We also handle the issue of Bondations 105., North Camarines 14hs., and other Publia, Funds of the Paracale Gumans 13ja, Ban Mau- Chinese Government both at Home ricio 745 Surigao Consol, 185.. and Abroad.
BHOU J. CHEN,
Buyoc Consol 10ja Byndicate In-: vestment 02., United Paracales Manager, 2438., Mindanao Motherlode 054.
#3.80
$20)
$8,60
$21.90
$21 Telephone (old)
$7.60 Telephones (new)
19/0 Tractions
22/0 Trsations (praf.) .........
Industrials
$14) | Cald.) Mung.; {Ord.) 8." $18
Cald., Marg. (Fref.) 8. }
$1 Canton Iomm
Camenta
Lopes?
Miscellaneous
Dairy Farm (Ola).
$181 Dairy Farin (New) $6.90 Ch.. E'tainmente
81,55 | Constructions ·
Constructions Lane Crawfords
$1
873
ni
320
(old)
(saw)
Nanyang Tobacco
$1.80 Bincares
Watsons
Ch. G.5% 19%G §Bds.
$100 H.K. Gork. 4%, Lomas
THEIR MOY
***
100
208
LLE. Gort, &% Loan
899
H.K Wing On :
$41
sind Wing the
$10
BB
Vibro Piling
13
Marsmans Eur. (Loa)
4/0
Marsmans Inv. (HX.).
Wm. Fowlie
#Balas "to" Shanghai