STOCKS
Last Sale
Oct. 1
OCT. 5. 1939 STOCKS
Adams Kupresa
DA
Last Sale Oct, 4
Alleghany Steel Co. .....
241
J. & Laughlin Steel #7 pfd. 78
Allied Stores
94
Kennecott Copper
All Chalmers
431
Lakey Foundry, & Mac.
37
On Shanghai;-
Aluminium Ltd
904
| Libbey-Owens-Ford
Glass
483
On demand......
Amerada Corps.
Lockheed Aircraft.
281
Jn Singapore:---
Amer. Can
1132
Loew's Inc.
337
Un demand
American Cyanamid B..
33
Manhattan Shirt Co. R
In Japan:-
Amer, & Foreign Power
Martin, Glen L
351
On demand
Ameri & Foreign $1 pi...
241
McKesson, Robbins
151*
On India
American Gas & Elec
381
Monsanto Chemical
1071
Amer. Locomotive
26-1
Montgomery Ward
531
and demand
Amer. Metals Co.
26
at. Dairy Products
18
Ou New York:-
Amer, Radiator
10.
Nat. Distillers
233
Amer. Rolling 1411
30
National Gypsum
101
Amer. S'ting and R′ing Co.
541
National Load
212
Ju Batavia :--
Amer, Sugar Ring
241
Nat. Power & Light
94
On demand
Amer. Tel. & Tal
161)
National Steel Corp.
76
On Paris:-
Amer. Tobacco "B"
78"
Nat. Supply Corpn.
111
Amer. Waterworks
13}
New York Central
21
Bank Bills, on demand 1085 Credits 4 months' sight 1145
Anaconda Copper
331
Niagara Hudson Power
72
Saigon >----
Atchison, T. & S. Fe.
31
N. American Aviation ................
201
On demand
107 1/4
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
NEW YORK STOCK EXCHANGE
QUOTATION
404
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
OCTOBER 5. 1939
Un London:--
Telegraphic Transfer. 1/8 13:10 Bank Bills, on demand!/2 13/16 Credits 4 months' sight 1/3 3/8
...... 310
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE .... BUILDING
HONGKONG
COMMODITY MARKET REVIEW.
(FROM PAYNE & CO.)
New York, October 4, 1939,
FRIDAY OCTOBER
1939
BANKS
HONGKONG & SHANGHAI THE CHARTERED. BANK" OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA
AND CHINA".
Issued & Fully Paid-Up 120,000,000 Incorporated by Royal Charter, 1859
Reserve Funds:
Sterling
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
prietora..........
£3,000,000
HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Proprietors sena
$90,000,000
Head Office:~HONG KONG
Board of Director: Hon. Mr. A. L. Shields,
וי
+!
Telegraphic Transfer.
Bank Billa, on demand 34 15/16 Credits, 60 days' eight 24 13/16
46 3/8
The market was a little steadier after being easy, closing - with an uncertain tone."
COTTON: Uncertainties with regard to Washington and Buro- pean developments continue to rëstrain the activity of the market. A less urgent, Trade demand for near shipments and moderate hedg- | ing were the features of the day. A private estimate places the crop at 11,900,000 bales. The technical position of the market is healthier, and we recommend watching for purchases of May option.
W. H. Lock, Esq.,"
Chairman.
Deputy Chairman.
J. K. Bousfold, Esq. A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell, D. F. Landale, Esq., Miskin, Esq.,
E. S. Morrison, Esq., Hon. Mr. T. E. Pearce, H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn, ̈
Chief Manager.
38, Bishopsgate E.0.2
Sub-Agenoles" In London:
117/122, Leadenhall Street, E,C.a..
West End Branch:
14/16, Cockspur Street, 8.W.1."
Manchester Branch:
54, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
ALÓK STAR AMRITEAR
MANGIDX
BATAVIA
CALOUTTÀ...
PENANG
HARBIN HONG KONG RANGOON
(EDILO - BAIGON
IPOH KARACHI
KLANG
AGENCIES: KOBN CUTE STI KUALA
Fataza Plac
CASTON GIAWNPORE
LUMPUR:
KUCHING
SEREMBAN
SHANGHAI
SINGAPORE
HITIAWAN SODĪRABAYA
TALPING
42 1/2
October 3
October 4
105 1/4
SINGAPORE RUBBER SPOT
buyers sellers
buyers
sellers
"change
33-5/8
33-3/4
up 1/8
Jaz sid
| JAN.-MARCH
32-1/8
32-1/4
up 1/8
·APRIL-JUNE
31-1/2
31-3/4
up 1/4
44
BOMBAY
Branches:
い
Ipoh
RUBBER: Dealèts were the principai sellers and demand was
Bangkok
Johore
Auburn Motors ...
North American Co. ........................
Un Manila!—
sinall.
Batavia
Kobe
Penang Rangoon Saigon
Baltimore & Ohlo
78
Northern Pacific .................
114
On 'demand
49 7/8
Barber Asphalt Co
161
Owens-Illinois Glass Co.
631
in Bangkok:---
Barnsdall OR
161
Pacific Gas & Elec.
291
On demand
Bendix Aviation
281
Pacific Lighting
15
Sterling Notes:--
Bethlehem Steel
881
Packard Motors
37
Bank Buying Rate
Bliss & Co.
163
Paramount Pictures
77
Jar Silver per or
150 1/4
1/4 1/8 21 1/4
WHEAT: The undertone was steady. Trading was moderate with some disposition to await definite news of the European de- velopments. The Canadian exportable surplus is estimated to be at the range of 450 to 650 million bushels.
Bombay
Kowloon
SAD
Calcutta
Kusia
Canton
Lumpur Shanghai
Chefoo
London
Singapore"
Colombo
Lyons
Sourabaya
Boeing Airplane Co.
26"
Pennsylvania R.R.
25
Borg-Warner
28
Phelps-Dodge
431
Marker Repor
HIDES: Tanners are reported to be buyers at the decline. Shoe output in the final months promises to exceed that for the corres- ponding months last year.
Dairen
- Malacca
Sungei
Foochow
Manila
Patani
Haiphong Muar
Swatow
Hamburg (Johore)
Tientsin
Biggs M'facturing
251
Pullips Petroleum
+4
Brooklyn-M'hattan Trans
12
Pittsburg Coke & Iron
FROM
ROZA BROS.
NEW YORK STOCKS: Previous close, 150.23; To-day's close, Bankow. Mukden Tokyo 150.25: Change up. 02.
Harbin New York
111
42
Public Service of NJ.
9'klyn-M'hattan $8 cum pf.
381
52
Pullman Inc.
Canadian Pacific R`way.
331
85
Pure Ou
97
Case, J.I........
251
Radio Corpn. of Am.
Celanese....
54
Chesapeake & Onto
431
Reading Company. Com:
20
being tively.
Chrysler Corpt
011
Reading Company, ist pid
271
·87'
Colts Patent Fire: Arms
Remington Arms Co., Inc.
51*
Columbia Gas & El
72
Republic Steel
257
Columbia 8% "A" Di
48
Reynold Tobac. "B"
361
Commercial
45,
Richfield Oll
81.
Commonwealth & S. (ord.)
11
¡Safeway Stores
41
C'wealth & 8. 64, come pi.
64
Schenley Distiller
13
Consolidated Edison
301
3chenley, 51% pfd.
Consolidated on
81
Sears Roebuck ......
771
Quiet.
Continental Can
47
Seversky Aircraft
42
.Sterling
Silver prices dropped yesterday to the extent of 3/8 for Ready and 7/16 for Forward, the quotations
21 24.1/4 and
advices Suver
speculators as having sold to a The market was small extent. steady but quiet: American Silver was quoted at 35 for Spot..
The London/New York cross rate was quoted at 402. New York London was quoted at 405.5/8.
Market
New York Cotton, Oct." New York Rubber. Dec. Chicago Wheat, Dec. Chicago Corn, Dec. Winnipeg Wheat, Oct. "New York Hides. Dec, NEW YORK COTTON
Hongkew Peiping floilo
Tsingtao Yokohama
NEW YORK COMMODITY MARKET
CURRENT
respec-
reported
(By Courtesy of Messrs. Swan, Calbertson & Fritz and S. E. Levy & Company)
Prev. To-day's
Fligh Low 8.86 8.80 10.25 18.90 811 80
Close Close Change 8.82 8.02 uzch. 19.35 19,00
201 81
35 off
up
494 481
491 491 681
i up
#
69fb
up
14.50 14.10 14.60 14.45
.15 bff
Close
Opening
Closing
Change
Continental Of..
281
Shell Union Oil
14
Corn Products
621
Socony-Vacuum of
14
There were sellers at 1/3 Octo-October ber/November and 1/2.31/32 De-
9.14/14
9.15/15
9.10/10
December
8.82/82
8.84/85
8.80/82
.04 off urch.
Curtiss Wright (C
7
Southem Pacifc
161
Curtiss Wright "A"
251
Southern Ry $5 pfd.
31
Cash and 1/3 December..
24
Deere & Co.
Sperry
"481
U.S. Dollars
Distillers" Corpn. Seagrama
141
Spicer Man,ufacturing Co.
29.
Douglas Aircraft
75%
Standard Brands
61
cember/January, buyers at 1/3.1/32
Sellers at 25.3/8 October, buyers Spot
January
8.66 N
unquoted
8.66 N
March
8.52/53
8.53/54
8.52/63
May
8.33/33
8.34/33
8.36/37
.04 up
2
July
8.13/13
B.14/13
8.15/15
.02 up
9.32, N
9.2017
.02 off
at 25.1/2 Cash and 25.7/18 October
Du Pont de Nemours
179
Stand Gas & Elec.........
2
Eagle Picher Lead
117
Standard Oll of California
291
Eaton Mfg Co.
267
Standard Oil of N.J.....
48+
Elec. Autolite
377
Stone & Webster
131
Elec. Band & Share
..91
Swift International
32
Shanghai Dollars Opened with sellers at 320. Later March the rate rose to 333 The market May closed with sellers at 329.
NEW YORK BUBBEK
December
19.35/35
..... 17.90/95
17.61/81
19.25/21 17.85/84 17.81b/64p
19.00/00
.35 off
Hong Kong, 25th Feb., 1930.
17.75/75
20.off
17.50b/60a
Q1 of
July
17.69 N
17.50 N
.09 of
Elec. Bond & Share $5 pf.
58
11
Technicolor »
Shanghai Market
Total sales for the day!-2,250 tons
BANK OF EAST ASIA, LIMITED
Elec. Bond & Share $8 pf.
671
Texas Corpo,
464
Elec. Power & Light 7 DA.
334
fexes Gulf Sulphur.
361
Nintkote
171
Trans-America Co.
61
Food "Machinery Corp.
33
20th Cent. FOL.
14
Gen. American Trans.
59
20th Cent. Fox. $1) pf.
23
ceded to 4.3/8. Towards the close there were sellers at 4,1/2 for Spot."
Erratic. Opened with sellers at CHICAGO WHEAT 47/16 Subsequently the rate re- December
801/801
May ....
811/811
801/807 81/811
811/81 -B14/811
† up
up
July
*791/794
801/801
up
Reserve and Undivided
Profits
2,883, 939.01
Gen. Electric
GO!
Union Carbide & Carbon
90
Gen. Motors
541
Ontor Pacino
101
Afternoon Market
Tuesday's sales-23,531,000 bushels. CHICAGO CORN
Gen, Railway Signa:
23
United Aircraft
424
Dull.
December
49/491
484/431
491,491
up
General Tire & Rubber Co
221
United Airlines Trans.
10+
Sterling
May
51/512
51/51-
521/521
пр
Glidden Co.
"183
United Corpa. ....
*
The market closed with sellers July
521/521
531/534
up
Goodrich BF
221
United Corpn. $3 cum pi.
351
Goodrich $5 pt.
United Gas Corpn.
2
at 1/3 October/November and 1/2 | WINNIPEG WHEAT 31/32 December/January, buyers October
884/887
691 D
i up
Goodyear Tire & Co
284
United Gas Improvement
137
Great Northern Iron Ore
19 v
U.S.. Industrial Alcohol.
24
at 1/3.1/32 Cash and 1/3 January. December
U.S. DollarS
-70/707
701/711
May
754/75€
75+ b
71% b -701 b
+ up
+ up
Great Northern Bly, ptd.
301.
US. Rubber
424
The market closed with sellers NEW YORK HIDES
Great Western Sugar on
31
U.S. Rubber $8 pfd.
105.
ו'
| at 25.3/8 October, 25,1/4 November December
14.60/60
14.50/40
14.45/45
.15 off
Greyhound Corpn.
181
US Steel
74%
and 25.1/8 December, buyers at March
14.88/91
14.70/60
14.77/80
11 off
Hercules Powder Oo.
89
Vanadium
35%
| 25.1/2 Gash, 25.7/18 October,-25,3/8 | June
15.20 N
14.98/95
15.06 N
.14 oz
Axoy
Homėstake Mining
54
Warner Bros. Pict.
41
Industrial Rayon
271
Westinghouse Elec."
1171
| November and. probably 25.1/4 De-| NY Blver, Oficial
cember.
35-1/8 NY-London Cross Rate 4,03-1/8
35
*Calcutta
4.05-5/0
International Harvester
655
Woodward Iron Cor,
29
Shanghai Dollara
Int. Nickel
387
Chase National Bank
Int. Tel & Tel.
51
National City Bank
354* 29}*
330.
Harley Hasolala Kabe
Shanghai
Shanghai Märket
Johns Manville
751
1939
bid. 1-ex div.
DOW JONES AVERAGE
Hiab Low Dow Jones. Averages.
155.92 191.44 30 Industrials.
38.90 24.14 90 Ralis
Oct. 5, 1939. Oct. 3, High Low Close 180.23 161.20 148.73 150.25 34 35 34.06, 33.42 33.88 95.00 26:35 2491 5.16 89.28
MEN
27.07 20.71 20 Utilitie
92.22 88.51 40 Boods
60.53 45.59
11 Commodity Index 54.97
Changs
02 up .47 of
Business Dons:-970,000 shares
4,15/92.
Shanghai Exchange
Shanghai, Oct. 5 (Reuter).
Official T.T. Bates
Opening 0/4 6-11/18 28-1/2 22-1/4 2.93 26-5/8
London
.16 ap
New York
#9,34 54,73
.06 up
Japan.
.24 off
India
Paris
Hongkong
Sellers Opening Closing
Spot
0/4-7/16 0/4-1/2 ~
Oct.
0/4-7/18 0/4-1/2
NEW TAXATION-
IN DENMARK COPENHAGEN, Oct. 5 (Beu- ter)-The proposed new taxes are expected to raise £4,- 000,000 or more. Income tax will be increased from 15 to 40 per cent, whils éigura, cigaret- tes, beer and schnapps will all cost more,
LONDON METALS
EXCHANGE London, Oct. 4. (Reuter).
bayers
sellers
TIN Standard, Cash 229-7/8 Standard,
3 months 229-1/4
229-1/2
unch.
NEW YORK
(Peking)
TRENTSIM
TONGEAR
(Bhuket)
"THINGTAO
TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS roceived for Que Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.
Savings Accounts also opened in Local Currency and Starling with interest allowed at rates obtainable
ACCOUNTS opened in on application. LOCAL CURRENCY and FIXED 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.
terms which may be ascertained at Also up to date. Sars DEPOSIT any of the Agencies and Branches. Box in various sizes To LET
R. A. CAMIDGE,
Manager.
Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
BANK
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- unch.PORATION. Bules may be obtain-|An
ed on application.
3
For the HoxGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAY BURN,
Chief Manager.
Authorised Capital.. $10,000,000.00 Paid-Up Capital
5,588,800.00
Head Office-HONG KONG, No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shonson Chow, Chairuna
Li Nom Chen, B84+
P. H. Kwok, Esq.
Li Lan Sang, Eng. 1
Wong Tun Tong, Req. Kan Ying Po, Bag, Chan Ching Shok, Ex. Fang Flag Wah Bag
Kin Tong Po, Raq., Chif Massgne. Li The Fong, Esq., Manager.
Batavia
Branches and Agencies can
Harpeng
Kowloon Pensez
Bingspora.
London Kangods* Borshayw
Bwnbow Maula delgon
Kelbourne » Bau Fran- "Sydney
Taka New York : Besztia.... TisovureE/ Paria
Pelzlag
HEAD OFFICE:
18, PINE STRENT,
NEW YORK. American Bank offering com- pleta Foreign Banking Service in the principal Markets of the
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHARE NATIONAL BANK, NEW YORK, with Besources of over U.S.$3,900,000,000.
"D. M. BIGGAR,
Second Fice Pris.
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 OV Cama) Oving 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.
Every description of Banking Lad so Exchange business transacted. Loans granted on approved securities.
Head Office:-SHANGHAT Hong Kong Branch:""
4, QUEEN'S ROAD, O. South China Offices?
CANTON
KONGMOON TOISHAN
Current Accounts opened in Local | SWATOW Currency and Fixed Deposits re SHIUCHOW. 'KINGCHOW ceived for one yeaT', OF shorter
periods in Local and Foreign Cur-
rencies
We also handle the issue of Bonda on terms which will be and other Public Funds of the China Government both at Home quoted on application.
and Abroad: SAFE DEPOSIT Boxes To Lat. 99) KAN TONG PO,
Chief Manager:
SHOU J. CHEN,
Manager.
CRU
MADRAS
COLOMBO
MANILA
DELHI
MEDAN
HAIPHONG HAMBURG
PEIPING
Francisco BANKOW
||
THE
CHINA-SIAM
HONG KONG-BANGKOK-
8.4. "HELLAS" leaving Hong Kong
9.5. "HELIOS leaving Hong Kong
LINE.
Accepting Passengers & Cargo for all the shove mentioned ports. HONG KONG-SAIGON—SINGAPORK-PINANG-BANGOON Regular Express Service
ma. "HAI HING" leaving Hong Kong Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available.
For freight, massage rates and all other information-Apply to :- THORESEN & CO., LTD.
Tal, 30287.
General Agents,
Queen's Building
Nov.
Spot
Oct..
Nov.
0/4-11/32 0/4-13/32
0.8. Dollars“
$7-1/2 $7-19/32 7-15/32 7-9/16 7-9/32 7-3/8
Market:-very quiet.
Merchant Rate. Sterling, 0/4-7/15."
US Dollars, $7÷1/2/
Silver Duty Rate
The Central Hank of China's rate on London at 10 am, to-day was 1/2-1/2d, unchanged from yesterday.
RESERVE BANK OF
INDIA STATEMENT
INDO-CHINA
Calcutta, Oct. 4 (Reuter)STEAM NAVIGATION COMPANY LTD
Notes 'in circulation
(including
Bept:22
Notes held in the Bank- ing Department)... 21,685 22,143
Rupee Coln and Bul-
flon in India ... 7,555 7,514 Gold Coin and Bul-
lion in India Securities (Indian
Government)
Operating Services for Cargo and Fassengers
STO
SWATOW, SHANGHAI TSINGTAU, CHEFOO
and TIENTSIN
KOBR and OSAKA
SINGAPORE, PENANG SANDAKAN HAIPHONG
Government) (2005,950
4.154 4.154
3,737 3.737
6.450
For fur ploss
The Equalisation rate was 12 per securities (British cent...
New York Exchange
New York, Oct. 4 (Reuter),
TT. on London (Opening Rate).
4.03
Calcutta Exchange
Calcutta, Oct 4(Reuter); TT on Japan, 79,
LONDON GOLD
London, Oct. 4 (Reuter). Ear Gold, Fine per oz., 168.
India Rupee Paper.
Bombay, Oct. 4 (Reuter), Goyt 1% Rupee, 83-0-0
and CALCUTTA
DINE
Page 10Page 11