PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK
EXCHANGE.
YREUTER'S SERVICE)
London, Oot, “&
NEW YORK STOCK EXCHANGE
STOCKS
The following quotations are the middle prices xt the chose of the Acams Express market in London. All quotations Alleghany Steel Co. are subject to confirmation and Allled Stores. no responsibility is amumed 'Tor Allis Chalmers turnes in transmission,
E BE 1156 1
Honan Rly. 5%
Hukuang Rly.5%. 1911...
Hukuang Rly. 5%. 1911
(German Issue)
Lung Tsing & U. Hai Rly.
5% 1913....
S'hai-N'king Rly. 5...
Tientsin-Pukow Riy. 3%
(Brit. Stpd.)
(German Stpd.) Tientsin-Pukow Rly. 5%
(Brit, Styd. Supl. Loan 11" Tientsin-Pukow Rly. 6%
(Ger. Stpd. Supt. Loan) #1 Jap. 5% Ster. Loan, 1907, 30+ Jap. 6% Ster. Loan, 1924 36 Ger. 7% Intl Loan, 1924 7 Chartered Bank
H.K. & Shal Bank (Ldn.
Ree.)
BK. & Shai Bank (Cl
Chinese Eng. & Mining"
(bearer)
Colts Patent Fire-Armis Columbla Gas & El
Reg.)
རྟ
QUOTATION
J. & Laughlin Steel ST pfd. 78
Schenley Distillers
631
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
.HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
COTTON: The delay in the official reaction to Hitler's peace proposals by the Allies again aroused the talks of So
European Armistice and this caused a moderate amount of hedge selling which met with limited trade demand. is reported that a government cotton loan would become mandatory at 816 cents,
RUBBER: - The market was heavy. Dealers were selling inter- mittently, Trading was quiet all day. The market lacks rallying power.
WHEAT: The delay in the official reaction to Herr Hitler's speech "by the Allies, again evoking the feeling of a possibility of peace in Europe, was reflected in lower wheat prices. Domestic wheat surplus is estimated at 300,000,000 bushels, equivalent to six months' supply.
HIDES: Packers continued to to offer freely. Tanners are with- holding their purchases, awalting lower offerings.
NEW YORK STOCKS: Previous close, 150.81; To-day's close. 149.80: Change of 1.01.
NEW YORK COMMODITY MARKET (By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
TUESDAY, OCTOBER 10, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $30,000,000
ů
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up #20,000,000 Incorporated by Riyal Charter 1853 Reserve Funds:
Paid-Up Capital Sterling ...
£8,500,000 Reserve Fund
.............£3,000,000 £3,000,000 H.K. Currency Reserva $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
£3,000,000 Proprietors
..$20,000,000
Head Office:--HONG KONG
Board of Directort: Hon. Mr. A. L. Shields, W. H. Lock, Esq...
Chairman.
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell, D. F. Landalo, Esq., G. Miskin, Esq.,
5. S. Morrison, Esq.,
Hun. Mr. T. E. Pearce,. H. V. Wilkinson, Esq. Sir Fandelenr M. Grayburn,
Chief Manager.
Branches: Ipoh
Penang, Rangoon
HEAD OFFICE: LONDON:
38, Bishopsgate E.C
Suo-Agencies in London:
117/122 Leadenball Street, E.0.3. West End Branch:
14/18, Cockspur Street, 8.W.1. Manchester Branch: 32, Morley Street, Manchester, 2..
AGENCIES AND BRANCHES: ALOR STAR HARBIN
AMRITSAR
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
PENANG
HONG IONG IMCOON ILOILO
BAIGON
SEREMBAN
KARAGE!
SHANQUAL
SINGAPORE
KLANG
AGENCIES: KORR
CLIVE STRET FPO E
CANTON CAWNPORE
HAIPHONG HAMBURG HANKOW
KUALA
LUMICE
MEDAN *** NEW YORK PELPING
(Peking)
TUCHING MADRAY
Amoy
Bangkok Johore Batavia
Cat COLOMBO DELTI
MANILA
Kobe.
Saigon
Bombay
Kowloon
San
Calcutta
Kuala
Francisco
Canton
Lumpur Shanghai
Chefoo
London Singapore
Malacca Sungei
Foochow
Manila
Haiphong Muar
Patani Swałow
Bamburg
Tokyo
Colambo Lyons Sourabaya
Dairen
(Johore) Tientsin Bankow Mukden Harbin New York Tsing Hongkew Peiping Yokohama
Hoile
*..
CURRENT ACCOUNTS apened in LOCAL CURRENCY and FIXED DEPOSITS received" for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.
Also up to date Sare DEOBIT Roxes in various sizes To LIT Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
Last Sale
Oct. 7
OCT. 8, 1939 STOCKS
Last Sale Oct. 7
24
21
Benecott Cupper
391
42
Lakes Foundry & Mac.
*31*
Aluminium Ltd
95
Libbey-Owens-Ford
Olas
472
E
1
Amerada Corps.
Lockheed Aircraft
271
War Loan, 3% (Red.
after 1952) Cantan-K'loon Rly. 5% Chinese 41% Gold Loan,
Amer. Can
1111
Loew's Ine.
341
83-1
American Cyanamid B'..
33
Manhattan Shirt Co.
Amer, & Foreign Power ... Ameri & Foreign $7 pi...
21
Martin, Glen L
341
244
McKesson. Robbins
15*
1
1898 (Brit. Issue)........ Chinese 5% Gold Bonds,
1925-47
American Gas & Elec.....
35+
Monsanto Chemical
107
October 6
Amer. Locomotive ..
25+
Montgomery Ward
531
SINGAPORE BUBBER
buyers sellers
Amer, Metals Co.
28
Sat. Dairy Products
161
Chin. 41% Anglo-French
SPOT
Amer. Radiator ....
91
Nat, Distillers ..
33-3/4
23+
Loan, 1908
40
Amer. Rolling Mill
201
National Gypsum
JAN./MARCH
10
32-1/4
Chinese 5% Crisp Loan,
Amer, S'ting and R'ing Co.
53
National Load
APRIL-JUNE
31-3/24
21
New York, October 7, 1938.
October 7 buyers, sellers
34 32-1/2 32
change up 1/4
1912
21
Amer. Sugar Ring
24
Nat. Power & Light
8
The market was steady.
Chinese 5% Reorg. Loan,
Amer. Tel & Tel
1817
National Steel Corp.
77
"1913 (Ldn. Is.) Chinese 8 Ster. Notes,
1925 (Vinkers?
32
Amer, Tobacco “B”
781
Not Supply Corpn.
11
Amer. Waterworks
131
New York Centrai
201
**
Chin. Imperial Rly. 5%
Loan
Anaconda Capper
321
Niagara Hudson Power
·71
45
Atchison, T. & S. Fe.
304
N. American Aviation
20
Auburn Motors
North American Co.
Baltimore & Ohio
71
Northern Pacific
11
Barber Asphalt Ca
157
Owens-Illinois Glass Co.
Barnsdail Ol
15
Pacific Gas & Elec.
291
Bendix Aviation "
281
Pacific Lighting
+4
Bethlehem Steel
872.
Packard Motors
4
12
Bliss & Co.
17
Paramount Pictures
7
docing Airplane Ca
252
Pennsylvanila RR
241
11"
Borg-Warner
27
Phelps-Dodge
43
Tientsin-Pukow Rly. 5%
Blans M'facturing
241
Phillips Petroleum
451
II
Brooklyn-M'hattan Trana.
12
Pittsburg Cole & Iron
94*
B'klyn-M'hattan $6 cun pi.
Public Service of N.J
381
Canadian Pacific R'way.
5
Pullman Inc
38
Case, J.I.
*70
Pure Ou
91
Celanese
24}
Fadlo Corp. of Am
51
Chesapeake & Olu
43
Reading Company, Com
193
Chrysler Corpn.
Reading Company, let píd
58
84
Remington Arms Co., Inc.
51*
71
Republic Stee
251
Columbia 6% "A" pl
82.
Reynold Tobac, “B”
36
72
451
Richfield O
B
Commercial
Commonwealth & 8. (ord.)
14
Safeway Stores
421
C'wealth & S. 6% cum pr.
64
Consolidated Edison
29
Schenley, 56 pid.
Consolidated Ou
82
Sears Ruebuck
Chosen Corporation
Continental Cari
471
Seversky Aircraft
Pekin Syndicate
Continental Off
28
Shell Union Oll
New York Cotton, Oct. New York Rubber. Dec, Chicago Wheat, Dec. Chicago Corn, Dec, Winnipeg Wheat, Oct. New York Hides. Dec.
14.45 14.12
Prev. To-day's High Low Close Close Change 8.85 8.80 8.84 8.81 .03. off 10.00 18.68 19.05
18.75 .30 og 82 807 83 811 11 OLT 494 ·482 501 481
1 of 70 b 88+ 14 of 14.55 14.18a :37 of
S'hal Elec. Constr. Co..
Corn Product
62
Close
Bha! Waterm
10
Curtiss Wright (C)
61
Opening
Closing
Change
Southern Pacuic
Union Insurance
19
Curtiss Wright "A"
251
9.12/12
0.12/12
9.11/11
Gula Kalumpong Rubber 15/3
deere & Co.
231
8.83/84
Sperry
8.84/84
8.80/81
Distillers Corpn. Seagrams
141*
889 N
8.70/70
8.68 N
101 on
Douglas Affcraft
74
8:37/58
andard Brands
8.58/59
8.57/57
.01 pi
17/6
Du Pont de Nemours
1741
8.37/37
8.38/38
and Gas & Elec.
8.37/37
unch.
Cable & Wireless, New
Eagle Picher Lead
12
8.17/17
8.17/17
8.15/16
Form, ord.
451
Eaton Mfg. Co.
27
9.19 N
0.10 N
.03 off
B-A Tob. (bearer)
81/3
Elec. Autolite
371
Stone & Webster....
Mercantile Bank
101
Elec. Bond & Share
91
Swift Intentional
Cammell Laird, ord.
19.03/09
0/0
19.00/18.77
18.69/75
30 o
Elec. Bond & Share $5 pt.
Technicolor
Mexican Eagle
4/7
Blec. Band & Share $8 pt.
654
18.10/10 17.90/80
-17,75/75
.35 of
Tejas Corpn.
Courtaulds
26/3
Dunlop Rubber
85/6 25
Elec. Power & Light $7 pf. Fintkate
32j
fete Gulf Sulphur
174
17.93/95 17.60b/65a 17.00b/95a
17.80 N
35 off
17.56 N
.39 of
Trans-America Co
Food Machinery Corp.
321*
20th Cent. Fox.
Gen: Electric (England) '84-
Gen. Arnerican Tranā.
594
20th Cent. For, sił pt.
Gen. Electric
404
Union Carbide & Carbon
532
Union Pacific.....
1007
December
#21/83
821/82
Gen. Rallway Signal
221
United Aircraft
May
82/821
821/82
81/811 81/81
off
General Tire & Rubber Co 214
United Airlines Trans.
July
4. 81/B1)
70/793
Glidden Co.......
17
Goodrich (B.F.)
21.
Rolls Royce
Friday's Sales:-18,617,000 bushels. CHICAGO CORN
88/3
Goodrich $5 pt.
December
50/501
Leyland Motors
491/493
481/48
82/6
Goodyear Tire & Co.
271
United Gas Improvement 14
May
Tate & Lyle
58/11
Great Northern Iron Ore
182
US., Industrual Alcohol.
522/521
521/521
51+/51
Turner & Newall
July
532/532
521/52
сп
71/3
Great Northern Rly, pfd.
293
US. Rubber
United Steel
22/44
Smethwick Drop Forg.... 14/6
Great Western Sugar...... 314
U.S. Rubber $8 pid."
1051
WINNIPEG WHEAT
Greyhound Corpn.
164
U.S. Steel
Armstrong Stevens, ord. 5/3
Hercules Powder Co.
89
Vanadium
Pressed Steel, com.
12/6
Homeslake Mining
57
Warner Bros. Pict.
October December ... May
70 B
TIZA
711/711
70 B
762/762
631/881 701/701 741/75
11 of 1 off
1 off
Vickers, ord.
16/8
Industrial Rayon
201
Westinghonse Kięc.
1151
NEW YORK HIDES
Woolworths
1.
56/3
| International Harvester
64
Woodward Iron Cof.
"December
-14.55/55
14.41/41
Anglo-Dutch
24/6
Int. Nickelmedea
391
Rub. Flant. Invest. Trust 27/6
[** T. & Tel
51*
Chare National Bazık National City Bank'
351*
March.....
14.85/87
14.70/78
20 *
Jane
15.17/23
15.10/10
14.15b/18a 14,40/48 14.72/72
37 off...
Amor Bataria.
3$ off
Hoby
Valgita
51 off
Haiphong
Hanken
-New York Seattle
Burma Corporation
***.. 8/9
Ibn Manville
16
Commonwealth Mining..
NY Silver, Oficial ..... 35-1/8 NY-London Cross Rate 402-5/8
unquoted 4.02-1/8.
Honelalu Labe
Paris
Sangbad
35/7+
*-bid.
I-EL CIT.
7/10 180
DOW JONES AVERAGE
1932
Anglo-Iraniını
Burmah
57,/6 61/104
High Low Dow Jones Aviragos, 155 99 121 44 30 Industrials
35.90 - 24.14 90 Baile
34 15
Shell Trans.
& Trad
2707 2071 20 Utilities.
619
(bearer')
8379
-123# 86-51 40 Bonds.
489 55
40-53 46:69 -14 Commodity Index 66.69
→→Noming]
Business Done :--890,000 shares:
Allied Ironfounders.....: 15/9 Assa & Elec. Industries 33/8- Austin Motors, ord.
Distillers
Guinness {A} Bọn & Cơ Hì Hawker Siddeley Airc.... 14/7! Bristol Aeroplane
16.
Imperial Chemical Ind. 28/71.
Marks & Spicer, "A" ord. 47/6
Gen Motors
Imperial Tobacco
108/9
www.m
Marghan Investments... 10/74
Randfontein Estates
Tanami Gold Mining...... 4.
Western Holdings
-Sub-Nigel a
Sacony-Vacuum On
Southern Rly $5 pfd.
Spicer Manufacturing Co.,
Standard Oli of California
Standard On și N.J
རྒྱV= aམྦཙ1831aཙྩཝཏྟོནྡྷཨཱཧཱུྃ
United Corpu.
United Corpn. $3′′ cum pt. 36)
United Gas Corpa......
NEW YORK COTTON
October
December
January
March
May
July
"Epot
NEW YORK RUBBER
December
March
May July
Total sales for the day:-1,340 tons
CHICAGO WHEAT
U.S. DollarS
Oct. 8, 1939, Oot. 6, Blan, Low Ulosa Chanty The market closed with sellers 15001 180.52 149/15 149.80 1.1 off at 25.3/18 October, 25.1/8 Novem→ 33 90 33.54 33.64 0.41 ober and 25.1/16 December, buyers 23.06 94.85 :24,98 0,31 of
89.40 0.13 off at 25.1/4 Cash, 25.3/16 November 54.79 0.83 out and 25.1/8 December.
!
Shanghai Dollars
322.
Shanghai › Market
.03 off
01. of
58
EGYPT'S COTTON · FOR BRITAIN · CAIRO, Oct. 9 (Renter)The Chamber decided that the Govern ment should immediately, negotiate with the British Government to purchase Egypt's entire cotton up- ply.
BANK
BITIAWAN
BOURABAYA
TAIPING.
TIENTS IN
TONGKAR
(Bhuket) TEENSTAD YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and F1X80 DEPOSITs received for One Year or shorter periods in Local or Other Currencies at ratés" which will be quoted on application.
. SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims' Precovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
6
15. QUEEN'S ROAD, CENTRAL
The Busins of the above Bank is conducted by the HONGKUNG, & SHANGHAI BANKING COR- PORATION. Rules may be obtain-An ed on application.'
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 5th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital .......... Beserve and Undivided
Profits
5,599,600.00
2,883,932.01
flead Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:"
Sir Shouson Chow, Chairman"
Li Koon Chan, Ear Li Lan Saur, Esq. P. K. Kwok, Esq.- Wong Chu Sou, Esq. Wong Tan, Cour, Esq. Kan ing l'o, Esq. Chan Ching Shoe, Kay, Fang Flag Wab beg Kan Tong Po, Esq., Chief singer. Li Tse Fong, Esq., Manager.
"Branches and Agencies :---
Kowloon Piz
Laudon
Bingapore
Rangoon Bourmony'n Saigon Bwtow Melbourne en Fran. Sydney
"olo Tintain
Pelping
Every description of Banking and
HEAD OFFICE:
!
18, PINE STREET, American Bank offering com- NEW YORK.
plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application. .".
י.
SAFE DEPOSIT BOXES
This Bank is ehtirely owned by THE CHASE NATIONAL BANK, New Your, "with Essources of over U.S.$2,900,000,000.
D. M. BIGGAR.
Second Vice Pre
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 Commerdal" Centres of the World, we are able to extend o our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch: 4QUEEN'S ROAD, C. South China Offices:
Exchange business transacted. Loans granted on approved securities. CANTON
Current Accounts opened in Local SWATOW
KONGMOON TISHAN
Currency and Fixed Deposits re- SHIUCHOW KINGCHOW “ cerved for one year or shorter periods in Loeil and Foreign Cur rencies on terms which will be and other Public Funds of the quoted on application.
BATE DEPOSIT BOXES TO L
KAN TONG PO,
Chief Manager
We also handle the issue of Bonds
Chines Government both at Home and Abroad.
SHOU J. CHEN,
"Mendger
MONEY AND EXCHANGE
CLOSING QUOTATIONS
Остовки 9. 1939
On London:
Telegraphic Tranater. l/s 13/16) Bank Bilis, on demand/2 13/16) Credits 4 months' sight 1/3 3/8 On Shanghai:---
On demand
Op Singapore:-
On demand
On Japan:
On demand
320
Bangkok -
On demand
Sterling Notes:-
Bank, Buying Rate
Bar Bliver per oz.
Market Report
FROM ROZA BROS.
1/4...
22 1/2
Silver prices were unchanged
:59 1/4 - yesterday, the quotations remain-
U.8. Dollars
There were sellers at 253/18 October, 25,1/8 November" and 25.1/16 December, buyers at 25.1/4 Cash. 25.3/16 November and 25.1/8 December,
Shanghal Dollars
TT. opened with sellers at 325 and at the close there were sellers at 324.
4.37/04
Shanghai Exchange
Shanghai, Oct. 9 (Reuter).
(Belal T.T. Rates
London.
New York
Shanghai. Market
Opened with sellers at 4.17/32
Tipan
India
Party
Hongkong
10 jing at 221/2 for Ready and 22:1/4" for Spot. The highest rate touch- [115_1/3" for "Forward. Blver advices were ed was £19/32. Towards the close not received" to-day. American there were sellers at 4.9/16' for Sliver was quoted at 251/8 for Spot.
On India.
and demand...
Telegraphic Transles, J83 1/4-
Epot.
Un New York:-
The London/New York cross-rate Bank Bills, on demand.36 13/18 was quoted at 403, New York/ Credits, 60 days' night 35 „11/18/London was quoted at 402;1/8. Un Batavia
On demand
45. 1/2
On" Paris:
Dull,
Bank Bils, on Memasa 1685-
Matkat
Sterling
Opening
0/40
TO
$-11/10
28-1/2
·22-1/4
$3.95
26-5/8
Sellers
Opening ...... Cloning 0/4-17/320/4-37/64 10/4-17/32 30/4-37/64
U.S. Dollar
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
- SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE :mad OSAKA
SINGAPORE, PENANG and CALCUTTA
BANDAKAN HAIPHONG
0/4-15/32-0/4-99/64
Spot
Oct,
Nov.
Afternoon Market
The market was quiet in the afternoon.
For further partionla
Spot
$75/8/5277-11/16
Wiering
#4237419/32 226 17-21/32,
-7-1/18
1-1/2
Credits 4 months" sight 1145,
On demandi
un Manila:-
On-demand
The market closed with weilers
There were sellers at 1/3 Octo- at " 1/3 October/December and ber-December and 1/2 31/32 1/231/32 February, buyers at 1/3. 2.107-1/3 February, buyers at-1/3 1/32 Cash,|1/33 Cash, 1/3 February, Drobably 1/0 January and 1/2.31/32 prob4 January and 1/331/32 probably 6/8ably April
April
Oct, Nov
Market:Quiet but steady.
Merchant Rate
Sterling, 0/4-1/2 ---UA, Dollars, 151-9/15.
Page 10Page 11