SEPT. 23, 1939-
Last Sale "Sept. 23
STOCKS
Last Sale
10"
Sept. 23
25
Johns Manville
797
9
J. & Laughlin Steel #7 pfd.
75
451
Kennecott Copper
421
90
Lakey Foundry & Mac.
37
Libbey-Owens-Ford
Glass
*........ 112.
Lockheed Aircraft
American Cyanamid B
341
Loew's Ine.
33
Amer. & Foreign Fower
21
Manhattan Shirt Co.
Amert & Foreign $7 pt....
20
Martin, Glen L
37
American Glas & Elec
35)
McKesson, Robbins
181*
Amer. Locomotiva ...........................
271
108
SINGAPORE RUBBER
38
Amer. Metals Co.
27
54
•
SPOT
Amer. Radiator .......
10
151
OCT.) DEC.
44
Amer. Rolling Mül
211
Not. Distillers
23
JAN./MARCH
Amer, 8`ting and. Ring Co.
571
National Gypsum
91
21
Amer. Sugar Ring
281
National Load
234
Amer. Tel. & Tel. ....
100
Nat. Power & Light
81
Amer, Tobacco "B"
77h
National Steel Corp.
783
LONDON RUBBER
Amer. Waterworks
131
Nat. Bupply Corpn.
12
SP O.T
1925 (Vickers)
Anaconda Copper
34
New York Central
201
Chin. Imperial Rly, 5%
Atchison, T. & S. Fe.
311
Niagara. Hudson Power
OCT./DEC.
71
Loan
45
Auburn Motors
31
N. American Aviation
JAN./MARCH
203
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK
EXCHANGE
'(REUTER'S JERVICE)
London September 22.
The following quotations are the
NEW YORK STOCK EXCHANGE?
STOCKS
middle prices as the close of the Adams Erpress market in London. All quotations Alleghany Steel Co. are subject to confirmation" and
no responsibility is assumed for. errors in transmission,
War Loan, 31% (Red
attor 1953)
....... 884
Canton-Kloon Bly. Sy” Chinese 41% Gold Loan,
1898 (Brit. Issue).................
Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan.
1912
Chinese 5% Reorg. LoaR,
1913 (Ldn. It)
Chinese 8% Ster. Notes,
1 ལུ $ སྐུ ས
32
rf
Allied Stores
Allis Chalmers Aluminium Ltd Amerada Corpa. Amar. Can
QUOTATION
Monsanto Chemical Montgomery Ward
Mat Dairy Products
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & COS
The market was quiet with an easter tone.
וי
MONDAY, SEPTEMBER 25, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.
$50,000,000
INDIA, AUSTRALIA
AND CHINA・・
[ssued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1855 Reserve Funds:
Paid-Up Capital Sterling
£8,500,000 Reserve Fund
Head Office:--HONG KONG
Board of Directors:
£3,000,000
...£3,000,000
H.K. Carrency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors.... Proprietors
£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.0.9. Sub-Agencies In London; 117/122, Leadenhall Street, E.Qa West End Branch: 14/18, Cockspur Street, B.W.1. Manchester Branch:. 52, Mosley Street, Manchester, 1.
A. L. Shields, Esq.,
W. H. Lock, Esq.,
Chairman.
“Deputy Chairman. Hon. Mr. J. E. Bousfield, 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, Eq
Sir Vandeleur M. Grayburn,
Chief Manager.
AGENCIES AND BRANCHES: ALOR STAH KARDIN AMRITSAR.
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
+
PENANG
HONG KONG LANGOON
ILOILO
IPOR
KARAONI
AGENCIES: KOM CLAVE STAR KUALA FAIR PLAC
CANTON
CAWNPORE
וי
KUMPUR
KUCHING KADRAS
SAIGON
SEREMBAN
SHINOBAL
SINGAPORK
UITIAWAN
JOURABAYA
TAIPING
TIENTBIN
TONGKAL
Sept. 22 buyers sellers
New York, Sept. 23.
Sept. 23 buyers sellers
35-1/4
34-1/2
33-1/4
35 34-1/4 32-3/4"
change Of 1/4
Off 1/4
of 1/2
1
9-7/8
Previous close To-day's close buyers sellers buyers sellers 9-5/8 9-3/4 9-3/4.
change
Closed
10
10-1/8
Honan Rly. 5%
12
Baltimore & Ohio
71
North American Co.
22
Market closed.
Hukuang Rly. 5%. 1911..
Barber Asphalt Ca
141
Northern Pacific
111
Hukuang Rly. 5%, 1911
Barnsdall Oil
18
| Owens-Illinois Glass Co.
814
(German Issue)
Bendix, Aviation
291
Pacific Gas & Elec.
301
Lung Tsing & U. Hal Riy.
Bethlehem Steel
923
Pacific Lighting
454
5% 1913
Bilss & Co.
181.
Packard Moters
31
S'hal-N'king, Rly. 5%...
12
Boeing Airplane Co.
271
Paramount Pictures
7.
Tientsin-Pukow Riy. 5% *
(Brit. Stpd.
Borg-Warner
28
Pennsylvania RR. .
25
11
Biggs M'facturing
231
Phelps-Dodge
452
Tientsin-Pukow Rly 5%
(German Stpd.)
Brooklyn-M'hattan Trans.
12)
Phillips Petroleum
451"
11
B'klyn-M'hattan $8 cam pf.
431
Pittsburg Coke & Iron
12 *
Tientsin-Pukow Bly. 5%,
Canadian Pacific Rway....
41
Public Service of N.J.
"י.
381
(Brit. Stpd. Supl. Loan) Tientsin-PukowRly. 5%
(Ger. Stpd. Supl. Loan) 11 Jap. 5% Ster, Loan, 1907 28)
11
Case, J.I
89
Pullman Inc.
39%
Celanese
261
Pure O
101
Chesapeake & Ohio
43..
Radio Corpn. of Am.
51
Chrysler Corpn.
871
Reading Company, Com
19
Jap. 6% Ster. Loan, 1924 36į Ger 7% Intl. Loan, 1924 Chartered Bank
Colts Patent Fire-Arms
92
Reading Company, 1st pid
251
5
Columbia Gas & El.
.71
Remington Arms Co., Inc.
61*
MARKET
Columbia 6%A" pf.
821*
Repubile Stee!
28
HK. & S'hai Bank (Ldh,
Regj
Commercial
Reynold Tobaç, “B”
38
72
Commonwealth & 8. (ord.)
11
Richfeld-Ol
8
H.K. & S'hai Bank (Col
C'wealth & S. 6% cum pt.
841
Safeway Btores
42
.Reg.,
72
Consolidated Edison
291
Schenley Distillers
134
Chinese Eng. & Mining
Consolidated Of
"9
Schepley, 54% pfd.
New York Cotton, Oct.
67
(bearer)
Continental Can
501
Sears Roebuck
New York Rubber, Dec.
20.88 20.20
781
Chosen Corporation
Continental Oil
Chicago Wheat, Dec.
861 351
88+ вез
301
Seversky Aircraft
51
Pekin Syzdicate
Corn Products
8'bai Elec. Constr. Co.
GO
Shell Union, O!!
151
Chicago Corn, Dec.
$5
641
10
Winnipeg Wheat, Oct.
741
72+
Curtiss Wright (C.)
S'hal Waterwork
19.
73
Socony-Vacuura Oli
14
New York Hides, Dec.
Curtiss Wright "A"
Union insurance
271
Southern Pacific
16
551 543
t of 73lb 14 off 15.90 15.70 15.61 15.90 .29 up
Deere & Co.
Gula Kalumpong Rubber
17
231
Southern Rly $5 pfd.
28
NEW YORK COTTON
Close
Opening
Closing
Change
Allled Ironfounders
Distillers Corpn. Seagrams --144
15/9
Sperry
48
October
9.03/03
9,03/04
9,01/01
.02 of
Asso. & Elec. Industries 33/0
Douglas Aircraft
"81
Spicer Manufacturing Co. 28]*
December
8,87/87
3.78/77
8.73/75
.12 of
Du Pont de Nemours
Austin Motors. ord.
17/6
182)
Standard Brands
61
January
8.59 N
8.69b/70a
8.88 N
.03 off
Cable & Wireless. New
Form; "ord,
Eagle Picher Lead
131
Stand Gas & Elec.
3
March
8,58/58
8-08/59
8.56/57
.01. off
Eaton Mfg. Co.
444
267*
Standard Oll of California
311
May
8,37/39
8.39/37
8.34/34
,05 off
B.-A. Tob. (bearer)
Elec. Autolite
82/8
371
Standard Of of NJ.
51
July
-8.21/22
8,21/20
.8.15/15
.07 off
Mercantile Bank ...
Elec. Bond & Share
10-7/8
Stone & Webster ....
124
Spot
9.13 N
9.08 N
.05 off
Cammell Laird, ord,
6/71
Elet. Bond & Share $5 pi.
Swift International
31
Mexican Eagle
5
Elec. Bond & Share $8 pi.
651
Technicolor
12
NEW YORK RUBBER
'Gen. Electric" (England)
Courtaulds
Distillers
Dunlop Rubber
Chinness (A) Son & Co.
Elec. Power & Light $7 pf.
20
331
Texas Corpn.
48
September
85/6
Funtkote
17]
Texes Gulf Sulphur
"371
December
21.30b/80a 20.30/31.
23/9
Food Machinery Corp.
361
Trans-America Co.
7
March
19.43/43
63/9
Gen. American Trans.
831
20th Cent: Fox..
124
May
19,25 N
20.07b/25a 19.25b/40a 19.32/32 19.02/02
21.50 N 20.20/20 19.18b/30a
.10 off
.11 of
13 off
23 off
80
Gen. Electric
417
20th Cent. Fox $1 pr.
2%
Hawker Siddeley Airc.
11/101
Gen" MotorS
Total sales for the day:-410 tons,
54*
Union Carbide & Carbon
92
Bristol Aeroplane....
14/9 Gen. Radway Signal ·
25
Union Pacific
102
CHICAGO WHEAT
Imperial Chemical Ind
26/104
General Tire & Rubber Co
17#
United Aircraft
442
Imperial Tobacco
September
108/9
Glidden Co.
17
United Airlines Trans.
102
December
Marks & Sp'cer "A" ord.
45/-
Goodrich (B.F.)
221
United Corpn.
3
May
Rolls Royce
861/363 861/851 864/86 873/871
deleted 861/861
off
871/873
.871/871
of
82/6
Goodrich $5 "pf.
United Corpn. 3 cum pt. 35
July
864/364
Leyland Motorą
17/6
Goodyear Tire & Co.
283
ต้
United Gas Corpn.
Tate & Lyle
53/9 Great Northern Iron Ore
201
United Gas Improvement
13
Friday's sales:--17,087,000 bushels."
Turner & Newall
United. Stecl
ΤΟ 21/3
Great Northern Rly, pfd.
30
US,, Industrual Alcohol.
43
CHICAGO CORN
Smethwick Drop For
Great Western Bugar
33
US. Rubber
1041
14/5
Greyhound Corpn.
13
U.S. Rubber 38 pid.
1044
September
Armstrong Stevens, ord.
5/3
Hecker Products
U.S. Steel
78
December
Pressed Steel, com.
12/6
Hercules Powder Co.
911
Vanadiuza
371
May..
551/551 551/551 mutilated
deleted
544/542 571/574
547/547 579/571
off
Vickers, ord.
14/101
Homestake Mining
53!
Warner Bros. Pict.
July
4
Woolworths
52/6
Industrial Rayon
27
Westinghouse Elec.
1152
WINNIPEG. WHEAT
Anglo-Dutch
25/6
| International Harvester
70
| Woodward Iron Cor.
297
October....:
Rab. Plant. Invest. Trust. 25/201
lat. Nickel
39
Chase National Bank
371
December
742/741 745/74 76/761 76/757
Burma Corporation ......
9
Est. Tell & Tel.
53*
National City Bank.
301*
May
80# b
Commonwealth Mining..
72+b 742/743 79/791. 11
14.
off
13
of
off
Marsman Investments...
10/-
Randfontein Estates
-bid
1-ex diy,
33/9
Western Holdings
B
DOW JONES AVERAGE
July
Sub-Nigel
.180
1939
Sept. 24, 1939.
NEW YORK COPPER FUTURES December
NY Silver, Öfflela} “........... 39-1/4
11.00b/06a
11.15b/20
10.95b/11.08a 11.02b/05a 1111/11 11.14b/20%
.01 of unch.
inquoted.
Tanami Gold Mining...
4fd.
Higb Low Dow Jones Averages,
Anglo-Iranian
65/71
135.92 181.44 -30 Industriais
Sept. 22, High Low Close,
15257
163,42 162.14 132 99
Change NY-London Cross Rate 3.99-7/8
42 up NEW YORK HIDES
3.99-5/8
Burmah.
68/11
34 33 24.14 20. Refle
Shell
Trans
& Trad
87.07 20.71, 20" Utilite
92.32 88.51 40 Bonds
(bearer) ple
90
60.53 45.50 11 Commodity Index 58.75
*Nominal
37.31 33.03 33.34 33 08 24,70 24-79 24.64 24.03 88.16.
88,42 58.77 Business Done :-560,000 shares
. up
.07 off December
15.61/61
15.70/70
15.84/90
.17 up March
15.99/16.00
16.05/15
.0% Up June
16.35 N
16.49/59
16.24/30 16.61/87
.29, up :30 "up 32 up
NEW YORK STRAITS TIN
December
48.52b/49.00a 47.50b/50.00a 48.521N .47 off
COTTON: To-day's was a session of quiet trading and," though some support was noticed from the Trade, prices eased slightly. Un- certainties with regard to Washington and European developments are keeping many traders on the side-lines.
RUBBER: In a featureless market, prices moved downwards on lack of support and on free offerings from the primary markets.
WHEAT; The easiness of the Winnipeg market and a poor demand for export, together with reports of peace moves in Europe caused an easier feeling here and the market was dull and lethargic in the absence of any stimulating influences;
NEW YORK STOCKS: Previous close, 152.57; To-day's close, 152.99; Change. Up...42
NEW YORK COMMODITY
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Prev. To-day's High Löw Close Close Change"
9.05
9.00 9.03 9.01 .02 off 20.31 20.20 .11 off
Colombo
Lumpur Shanghai London Singapore
Lyons Sourabaya
Sungsi
Dairen Malacca Foochow Manila Haiphong Muär
...Patani Swatow (Johore) Tientsin Bankow Mukden Tokyo Harbin
New York Tsingtao Hongkev Pelping Yokohama Iloilo
CURRENT
ເ
(Peking)
TЯINGTAO YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or aborter 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
ACCOUNTB opened in on application. LOCAL CURRENCY and FixE DEPOSITS 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.
terma which may be ascertained at ALSO up to date Sare DEPOSIT any of the Agencies and Branches. Borks in various sizes To LET
R. A. CAMIDGE, Hong Kong, 6th June, 1939.
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank.. is conducted by the HONGKONG
& SHANGHAI BANKING COR
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK...
PORATION. Rules may be obtain- An American Bank offering, com
ed on application.
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA,
LIMITED
Authorised Capital.....310,000,000.00 Paid-Up Capital
Reserve, and Undivided
Profits
Head Office:--HONG KONG No. 10 Des Voeux Road, Central
Board of Directore:
Sie Shoasca Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok. Esq. Wong Chu Son, Esq. Worg Tan Tong, Esq. Kan Ying Po, Eag Chan Ching Bhek, Esq. Fang Ping Wah Esq. Kaa Tong Po, Esq., Chief Manager. LI. Tse Fong, Esq., Manager.
Branches and Agencies:-
Kowloon PRADE Singapore London Kangoon Bourabaya Marila Balrog ww Melbourne San Fran. Bydowy Nagumka
deco Tientales New York Benttin Vancouver
Paris
plete Foreign Banking Service in the principal Markets of the world. Interest Rate on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources of over U.:$2,200,000,000.
D. M. BIGGAR,
Strand Vice Pri
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 Office:~~SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China" Offices:
Every description of Banking and Exchange business transacted. Loans] granted on approved securities.
CANTON Current Accounts opened in Local SWATOW Currency and Fixed Deposita re SHIUCHOW ceived for one year
or shorter
KONGMOON TOISHAŃ KINGCHOW
periods in Local and Foreign Cur and other Public Funds of the We also handle the issue of Bonds
Chiness Government both at Home and Abroad.
rencies on terms which will be quoted on application.
BATE DEPOSIT BOXES TO LET." -
KAN TONG PO,, Chief Manager.
SHOU J. CHEN,
Mondger.
Branches:
C
Luoy
Bangkok
Ipoh Johore
Penang Rangoon
COLOMBO DELHI
MANILA **
Batavia
Kobe
Saigon "
Bombay
Kowloon
San
Calcutta
Kuala
Francisco
HAIPHONG HAMBURG HANKOW
KEDAN NEW YORK PEIPING
Canton
Chefoo
(Banket)
Hamburg
Hong Kong, 25th Feb., 1939.
5,595,800,00
2,883,922.01
starts
Bombay
Monta
Haiphong
Bankow
nelais
Bode
Priping
Bamarsing.
Shangha
MONEY AND
EXCHANGE
CLOSING QUOTATIONS on Bangkok :—–
SEPTEMBER 43, 1939
On London:-
Telegraphic Transfer. ¡e 13/18 Bank Billa, on demand!/2 13/10).
150 1/4
On demand Sterling Notes:--
Bank Buying Rate Bar Silver per oz.
31/2 23 1/2
Credits 4 months' sight 1/8 Market Report
On Shanghai:-
On demand .......
On Singapore:-
On demand
On Japan:-
-On demand
In India:-
..... 320
52 1/2-
FROM ROZA BROS..
The price for Ready Silver was
1/32 Cash, 1/3 November and probably 1/231/32 January:
'U.S. Dollars
A small business was reported at 25 for Cash. There were sellers at 24.15/16, buyers at 25.1/18' for cash,
Shanghai Dollars
Business was done at 355. At the close there were sellers at 352.
Shanghal Market,"
Opened at 4.9/32 and then essed
Bpot
Sept Oct.
US. Dollar
$7-1/10 $7-3/32 7-1/16 7-3/32 8-29/32 6-15/16
MarketQuiet,"
"
Merchant Rate
Sterling, 0/4-7/32; US Dollars, $7.
Suver Duty Bate
The Central Bank of China's
was done at 4.3/16 for Spot. off to 4.7/32. At the close business rate on London at 10 a.m. to-day. was 1/2-1/2d, unchanged from yes- terday."
unchanged on Saturday at 23.1/2 but the Forward rate rose 3/16 to Shanghai Exchange 105 1/2 23.1/2. silver advices reported a steady market, Bears covered to a
Shanghal Sept. 23 (Reuter).
Official T.T. Bates
Opening 0/3-3/4
Telegraphie Transfer 82. 1/2 small extent. The market was idle
and demand
Da New York:---
Bank, Bilis, on demand 24 5/8 Credits, 60 days' sight 45 1/2
Un Batavia:--
On demand
On Paris:---
Un Baigon s
44 3/4
Bank Bills, on demand 1080 Credits 4 months" Right 1140.
On demand Une Manila; -
On demand
American Silver was quoted at 39,1/4 for Spot.
The London/New York cross-rate was quoted at 402, New York/ London was quoted at 309.7/8.
Market Steady but quiet.
London New York
Japan
India Paris Hongkong
Sterling
107.1/2
There were sellers at 1/3 Sep- tember-October, 1/2.31/32. Novem-
Spot
49 1/4
ber-December and 1/2:15/16 January-February, buyers at 1/3,1 Oct.
Sept.
Sterling
The Equalisation rate was 247 per cent..
New York Exchange
New York, Sept. 23, (Reuter). TT. on London (Opening Rate),
6-1/8 28
4.00
20-7/8 273 24-7/8
Sellera "Opening Closing 0/4-1/4" 0/4-9/32 0/4-1/40/4-9/32 0/4-13/64 0/4-15/54
Calcutta Exchange
Calcutta, Sept; 23 (Reuter). T.T. on Japan, 19,
India Rupee Paper
Bombay, Sept. 23 (Reuter). Govt: 31% Rupee, 83-08-0.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers
TO-
SWATOW, SHANGHAI, THINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HALPHONG
For further particulars
please apply to-
JARDINE MATHESON
N&Co. L
TELEPHONE ZOXIL GENERALM AGERS
Page 10Page 11