PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
NEW YORK STOCK EXCHANGE
STOCKS
1::;,་་
CLOSING QUOTATIONS
OCTOBER, 1939
On London: ---
Telegraphic Transfer. 1/13/16 Bank Bills, on demand)/9 13/16 Credits 4 months' sight 1/3 3/5 On Shanghai:-
On demand
Adams Express
Bank Bills, on demand 34 7/8 Credits, 60 days" sight 25 3/4
On demand
Bank Bills, ca demand 1885 : Credita 4 months' sight 1145
Un Batavia-
On Paris:-
Dubl.
QUOTATION
Schenley, 5% píd
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
market was steady.
COTTON: Frices advanced easily on domestic trade buying. which, however, was only of moderate proportions. Hedging was small on prospects that the Government will shortly be making loans to the farmers against 'Spot" cotton. Cotton cloth sales for the past two weeks were encouraging. We favour a constructive attitude.
RUBBER The strength of the market is largely reffecting the firmness of the London market and the continued reports of London. buying to fulfil the Barter agreement. .Commission Houses were buy- Ing and covering. Dealers were not in the market.
WHEAT: Early easiness was in evidence, prices being influenced by a fair amount of profit-taking and realizing. Prices turned firm- er, however, in the later period of trading, following receipt of re- ports of complaints of drought conditions in the South-west, thus bringing renewed Commission House demand and local short-cover- ing. Attention is being given that if this drought, should continue unbroken for the next three weeks, it would be certain to result in a short crop in 1940.
NEW YORK STOCKS: Previous close, 150.86: To-day's - Close, 151.34, Change, "up' 68.
FRIDAY
OCTOBER 13. 1939.
BANKS
SHANGHAI THE CHARTERED BANK OF
HONGKONG
BANKING CORPORATION
Authorised Capital $50,000,000 ||
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 130,000,000 Incorporated by Royal Charter, 1853 Beserve Funds:
Sterling £8,300,000 Reserve Fund
Paid-Up Capital.......... £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors Sen
..$3,000,000 HEAD OFFICE; LONDON:
Proprietarsage
..$20,000,000
Head once, HỒNG KONG
Board of Directors:
Hon. Mr. A. I Shields,
.
W. H. Lock, Eq
+
Chairman
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
H. V. Wilkinson, Esq.
Sir Vändeleur M. Grayburn,
Chief Manager.
"
£3,000,000
38, Bishopagate E.C. Sup-Agencies In London: 117/102, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch: 5. Mosley Street, Manchester, 2.
AGENCIES AND BRANCENES:
HARBIN PINANG HONG KONG MANGOOS
ALOR STAR AMRITSAR BANGKOK
BATAYLA BOMBAY
CALOUTTA
ILOILO
IPOH
BALDON
4KREMBAN
KARACHI
SHANGHAI
SINGAPORE
SITIAWAN
BOURABAYA
KLING
AGENCIES: KOER
CLATE STAT
Fatati PLACE
CANTON
CAWNDORR
Cat
COLOMBO DELFI HAIPHONG
HAMBURG
..}
Branches:
Amoy
Ipoh.
Bangkok
Johore
Babaria
Kobe
Penang Rangoon Saigon
Bombay
Kowloon San
Cileutta
Kuala
Francisco HANKOW
Canton
Lumpur Shanghai
Chefoo
London
Singapore
Colombo Lyons:
Sourabaya
Dairen Malacca Sungei
Foochow Manila Patani Haiphong Muar
Swadow Hamburg Johore) Tientsin Bankow Mukden Harbin
Tokyo New York Taingyao
Yokohama
Hongke Peiping
Iloilo
rencies
LLUMFUX
KUCHING
MADHAR MANILA
MEDAN
NEW YORK PRIPING
(Peking)
"
TAIPING
TIENTS IN TONGKAR
(Bhuket)
TRINITAO YOKOHAMA
FOREIGN EXCHANGE .and.. 'General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSIT received for One Year or shorter periods in Löðal ür Other Currencies at: ražba - which will be quoted on application.:
SAVINGS ACCOUNTs also opened in Local Currchoy and Starting with interest allowed at rates obtainable on application.
CURRENT AÇÒÒNTS opened in LOCAL CURRENCY and FIXED DEPOSITS The Bank's Head Office in Londos received for one year or shorter undertakes Executor and Truster periods in Local and ether Cur business, and claims recovery of on terms which will be British Income Tax overpaid, on, quoted on application.
ALSO up to date Sara DEPOSIT any of the Agencies and Branches.
terma which may be ascertained at Roxas in various sizes To LET Hong Kong, 25th September, 1939.
R. A. CAMIDGE,;
Manager. HONGKONG SAVINGS
BANK..
Last Sale!
Oct. 11
OCT. 12, 1939 STOCKS
91
Last Ball Oct. 11
Alleghany Steel Co. Allled Stores
244
J. & Laughlin Steel #7 ptd. 75
91
Kennecott, Copper
307
Allis Chalmera
431
Lakey Foundry & Mac,
3Z
Aluminium Ltd
94
{Libbey-Owens-Ford
Glass
51
Amerada Corps.
Lockheed Aircraft ..............................
281
Amer. Can
1131
Loew's Inc.
34
310
American, Cyanamid. B 1.
321
Manhattan Shirt Co.
On Singapore:-
Amer. & Foreign Power...
21
Martin, Glen L .....
387...
On demand
59 1/2
Amert & Foreign T pl....
351
McKesson, Robbins
154*
On Japan:-
American Gas & Elec
361
Monsanto Chemical
107
On demand..
#5 1/2
New York, October, 11, 1939. · October 10 October 11
Amer, Locomotive
201
Montgomery Ward'
534
SINGAPORE, RUBBER....
On India:
Telegraphic Transier.
Amer. Metals Co.
26.
at: Dairy Products
157
buyers sellers buyers sellera
change
8 POT
and demand
Amer. Radiator *..
101
Nal. Distillery..
231
33-1/4"
up 3/4
On New York:-
Amer. Rolling Mill
204
National Gypsum ........................
JAN.-MARCH
31-3/4"
101
APRIL-JUNE
31-174
32-1/2 32
D. F. Landale, Esq.,
Amer, S'ting and Ring Co.
554
National Load :...
214
*
K. S. Morrison, Esq.
Amer, Sugar, Ring
241
Naj. Power & Light
The
Hon. Mr. T. E. Pearce,
Amer. Tel. & Tel.
1627
National Steel Corp.
773
!
45 3/4
Amer. Tobacco *** Amer. Waterworks
801
Nat Supply Corpa
111
14
New York Central
21+
Anaconda Copper
33+
Niagara Hudson Power
.24
Atchison, T. & 8. Fe.
31
N. American Aviation
201
On "Saigon ---
Auburn Motors...
3
North American Co.......
234
On demand
107 1/2
Baltimore & Ohio
7f
Northern Pacific
113
Un Manila:.---
Barber Asphalt Co
171
Owens-Illinois Glass Co.,
63
On" demand
40 3/4
Barnsdall Oil
161
Paclic Gas & Elec.
291
On Bangkok ---
Bendix Aviation
281
Pacific Lighting
451
On demand
150 1/4
Bethlehem Steel'
B9
Packard Motors
31
Sterling Notes:-
Bliss & Co,
103
Paramount Pictures
7.
Bank Buying Rate
Boeing Airplane Co
261
Pennsylvania R.R.
Bar Silver per oz.
22 1/2
Borg-Warner
Phelps-Dodge .....
25-1 44
Biggs M'facturing
241
Phillips Petroleum
452
Market Repor
Brooklyn-M'hattan Trans.
113
Pittsburg Coke & Iron
101
3'klyn-M'hattan $8 cum pt.
41
Public Service of NJ
381
Canadian Pacific Rway.
51
Pullman Inc...
38
83
Pure Oil
10
252
Radio Corpn. of Am
51
13
Reading Company, Com
20
911
Reading Company, ist pfd
28
B7
Remington Arms Co.. Inc.
71
Republic Steel
26-1
83
Reynold Tobar. “B”
ཟ་ མ ་ ་”
30+
457-
Richfield Ou
NEW YORK COMMODITY MARKET
Commonwealth & 8. (ord.)
14
Bafeway Stores
431
Cwealth & S. 8. cum pt.
673
Schenley Distillers
Consolidated Edison
301
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Consolidated Onl
81
Sears Roebuck
Continental Can
471
Seversky Aircraft
41
281
Shell Union Oll
141
Socony-Vacuora Of
14
New York Cotton, Dec.
7
Scuthern Pacific
171
28
Southern Rly 35 přů.
321
237
Sperry
48
141
Spleer Manufacturing Co. 281*
781
Standard Brands
8
14.89 14.45
491 502 50 70% 71 14.40 14.79
Prev. To-day's High
Law Close Close Change 8.89 8.83 8.83 8.87 .04 up 19.83 19.39 19.13 19,59
831. “821 - 33 504
.46 up.
up
off
· up
39
1801
Stand Gas & Elec.
3
12
Standard Oll of California
28
NEW YORK COTTON
Close
Opening
Closing
201
Standard Oll of NJ.
October
9.12/12
9.13/12
9.15/16.
33
ด
Stone & Webster
127
.04 up
December
8.82/83
8,83/84
8.86/87
.04 up
Swift International
311
January
8.65/85.
unquoted
3.79 N
Technicolor
1181
.14 up
February
8.57/68
8.88/68
Texas Corpn
474
March
8.47/47
8.31/51
8.52/52
33%
Texes Gulf Sulphur
851
.05 up
May
8.27/27
-8.31/32
8.32/32
'Shanghai Market
177
.05 up.
Trans-America Co.
July
9,14 N
9.18 N
Sterling opened with
sellers at Food Machinery Corp.
337
20th Cent. Fux.
141
.04 up
Authorised Capital...
B01
20th Cent. Fux ii pt.
24
NEW YORK RUBBER
Paid-up Capital
Union Carbide & Carbon
899
542
Union Pacific
102
December
19.12/13
234
United Aircraft
441
March
18.03/04
General Tire & Rubber Co 221
United Airlines Trans.
111
May
17.90 N
19.32b/40a 18.28/28 18,70b/30a
19,55/59 18.45 N
ithserve and Undivided
Profits
.46 up
....$10,000,000,00 5,398,800,00
9,883,92%. 01
41 up.
Glidden Co.
187..
United Corp
pri
21
July
17.90 N
17.50 B
18.30 N 18.25 N
.40 ·up
Goodrich (B.F.)
United Corpn. cum pr: 381"
Total sales for the day:-860 tons
The market
641
United Gas Corpn.
21
Goodyear Tire-& Co
28
United Gas, Improvement 14
CHICAGO WHEAT
"Sterili
Great Northern Iron Ore
181
U.S., Industrial Alcohol.
24
December
621/83
The market closed with sellers
at 1/3 October/January and 1/2.
Great Northern Rly, pid. 301 Great Western Sugar
821/02/
831/831
up
US. Rubber› ....
418
May
821/821
821/82
83/831
up
31
U.S. Rubber $8 píd..
1064*
July
801/801
811/811
161
US Steel.............
75
891
Vanadium,
38
531
Warner Bros. Pict.
H
28*
Westinghouse Kisć.
1164
CHICAGO CORN
Amoy
Woodward, Iron Cor.
29
December
504/501 50/50
501/501
Bambay
301
51* 73
Chase National Bank National City Bank
36*
May
531/531
521/521
294*
July
541 b
521/521 534/531
off
Qalentos
Haiphong
Hankow Bonalais
WINNIPEG WHEAT
--bid.
*-ex. div.
DOW JONES AVERAGE
1939...
October December May
701/701 72/72. 700/761
71/71 724/721" 73/73 7672702 TIT
up
up
High Low Dow Jones Averages
ὅσι
156,93 121.44 20 Indusstinis
35.90 24:14 -29. Bafir-ra
27.07 20:71 20 Btilitzen
33.36
NEW YORK HIDES December
14.40/40
22:29 86.51 X Bonds
89 70
March.....
16.79/70
60.53 45.59 11 Commodity Index $5.15
15.02 N 36-174
Opening
14.45/50
14,72/20 14.80/85 15,10/10 15.10b/188 15.37 N.
36-3/8 4.03-1/2
39 up .40 -up. .35 up
014
8-11/18
28-1/2
U.S. Dollars
Curtiss Wright "A"
Deere & Co..
FROM ROZA BROS.
silver price were unchanged Case. J.I. yesterday, the quotations
re- Celanese
Chrysler Corpn
maining at 221/2 for Ready and Chesapeake & Ohio 32.1/4 for Forward. Silver advices reported a quiet and featureless market. American Sulver was quoted at 38.3/8 for Spot."
The London/New York cross-rate was quoted at 402 New York! Lindon was quoted at 403.1/2.
Market
Sterling
Colts Patent Fire-Arms Columbia Cas & El; Columbia 8 "A" PI. Commercial
There were sellers at 1/3 Octo-Continental Oli ber/January and 1/2.31/32 Feb-Corn Products ruary/March, buyers at 1/3.1/32 Curtiss Wright (C) Cash and 1/3 February.
were sellers at 15.1/4 Distillers Corpn.. Seagrams October, 25.3/18 November and
Cash, 25.1/4 November and 25.3/16 December.
Du Pont de Nemours
Eagle Picher Lead
Eaton Mig. Co. Elec. Autolite
TT opened with sellers at 317.Elec. Bond & Share The highest rate touched was 318. Elec. Bond & Share 35 pt. 573 Towards the close there were sell-Elec. Bond & Share 38 p. 57 ers at 318,
Elec. Power & Light 57 pt. Fimtkote .........
4.21/32 for Spot and U.S. Dollars Gen. American Trans.
7.13/16 sellers for Spot. Gen. Electric
with sellers at Gen Motors 4.11718 for Spot and US. Dellars Gen. Hallway Signal at 7.7/8 sellers for Spot.
Afternoon Market
was quiet in the Goodrich $5 pf.
**There
Douglas Aircraft
25.1/8 December, buyers at 25.5/16
Shanghai Dofiara
at
Sterling closed
afternoon.
U.S. Dollarg
31/33 February/March, buyers at Greyhound Corpn...... 1/3.1/32 Cash and 1/3 February. Hercules Powder Co.
Homestake Mining Industrial Rayon International Harvester 25.3/18 November and 25.1/8 De Int. Nickel cember, buyers at 25.5/16 Cash. Int. Tel. & Tel. 25.1/1 November and 25.3/18 De-Johns Manville cember.
The market closed with sellers at 25,1/4 Cash, possibly October.
Shanghai Dollars
Shanghai Market
Sellers at 411/18 tdr Spot and US Dollars at 7.7/8 for Spot.
Shanghai Exchange.
Shanghai, Oct 12 (Reuter).
Umolal T.T.
316.
London
New York
Japan
India
* Sellers
22-1/4 2.83
3-5/8
Opening Closing
0/4-21/32 0/4-11/16
Paris Hongkong
Spot
Oct.
... 0/4-41/64 0/4-43/04
Nov.
0/4-37/84 0/4-39/64
U.S. Dollari
Spot
$7-13/16 57-7/8
Oct
-25/32
7-27/32
Nov,
7-5/8
7-11/16
Market: Quiet.
Morchaut. Rate
Sterling, 0/4-19732.,
U.S. Dollars, 57-11/16
Silver Duty Rate
The Central Bank of China's rate on London at 10 am to-day was 1/2-1/2d, unchanged from yesterday.
The Equalisation rate was 19 per cent.
New York Exchange
New York, Oct. 11 (Router): TT, on London (Opening Ratej.
£03-5/8"
407
SILVER MARKET
"
LONDON SILVER
London, Oct 11 (Reuter), Suver-Market, quiet and Fea- tureless. In the afternoon, the market was quiet, with buyers re- served...
Spot, 22-1/21. ·
Forward, 22-1/44.
NEW YORK SILVER New York, Oct. 11 (Reuter). Official Price, 36-3/8.
BOMBAY SILVER Bombay, Oct 16 (Reater). Larket-Steady foutake 30 bars. Indian Mint Silver
Ready
for 4 Settlement bec, 5 Settlement
Oct. 18, 1939,
Oct. 10, High Low Close Change- 150 08 ·181.82 13149 15131 68 up -33 80 3J2 39 33 15. 25.65 25.23 26.02.16 p.
89.71 p 14756b46 mp Business Done :-830,000 shares-
Better Off
The Before
New York Rubber, Dec Chicago Wheat, Dec. Chicago Corn, Dec..... Winnipeg Wheat, Dec, New York Hides. Dec,
Tuesday's sales:-17,381,000 bushels.
June Ju NY Silver, Oficial
NY-London Cross Rate, 4.03-5/8
YOKOHAMA RAW
SILK MARKET Yokohama, Oct. 12 (Reuter).
"D" Grade, White, 18 per cent.,
October
November
December
BRITAIN'S SOUND 13/15, per 100 kin. SHIPPING POSITION
LONDON, Oct. 12 (Router). -In the past fortnight Bri- tain bas taken 13,615 tons of coaty shipping; and lost, by U-Boat action, 5,599 tons, leaving a balance in our istOUT.
· of 7,806- tons.
Giving this information at "quer" tion time in the House of Com mons, Mr. Winston Churchill de clared that there had been no 59-08rther losses since Oct. 9 and
38-14
10:05
India Rupee Paper.
Bombay, Oct. 11 (Reuter). Govt, 34% Rupee, 65-08-0.
Calcutta Exchange
Calcutta, Oct. 11 (Reuter TT on Japan, 78-3/4
The Business of the above Bank is conducted by the HONG KONG, & SHANGHAI BANKING COR- PORATION. Rules may be obtain
ed on application. up
Change
35 up
998
пр
עם.
For the HoxGKONG & SHANGHAI
BANKING CORPORATION
VM. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939:
BANK OF EAST ASIA, LIMITED
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
dir Shomson Chow, Chairman,
Li Koon Chan, Haq. Li Lan Sang, Bog P. K. Kwok, Esq. Wong Che Song Esq. Wong Yan Tong, Beq, Kan Ying Fo, tag. Chan Ching Shok, Esq. Fung Ping Wah Enq Kan Tong Fo, Esq., Chief Minager." Li Tae Fong, Esq., Manager.
Branches and agencies:-
Kowloon PYEON Tendica Rasgion
Sakra
Megapore
Bourabaya
Melbourne Ben Fran», Sydney.
Angankan olaco Zero
New York Seatits YsacosVE! Paris Berang
Pelping Shangha
Every description of Banking and Exchange business transacted. Lonna granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits ceived for one "year or abofter periods in Local and Foreign Cur rencies от terms which will be quoted on application!
BATE DEPOSIT BOXES TO IT.
KAN TONG PO,
Chief Manager
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
An
18, PINE STREET, American Bank offering com-
NEW YORK" plete Foreign Banking Service in the principal Markets of the world jauna pe Interest Rates on Application.
SAFE DEPOSIT BOXES-
This Bank is entirely owned by
THI CHARE NATIONAL
BARI, NEW YORK, with Besources of ove U.8.$2,900,000,000,
D. M. BIGGAR,
Second Vice Prù.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANKA 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 o our Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:SHANGHAI 3- Hong Kong Branch; ;
4, QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW We also handle the iæue of Bonda and other Public Funds of the Chines Government both at Home and Abriad.
BHOU J. CHEN,
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
Delivery
Y1,639.00 1,821.00
TO
1,610.00
1,588.00
February
$1,675.00
March- 8pot
1,570.00
1,655,00
January
LONDON
GOLD
London, Oct 11 (Reuter).
Bar Gold, Fine per oz, 158,
added, that in the past sixteen days 50,000 tons of new mer-announced officially last night thất chant, shipping, prepared for such the French Navy has seized a total an emergency have come into of 150.000 tons of goods destined the water
for Germany since the war began. Therefore, the country is 58,000
Among the total were 40,000 zoals tons better off thm when Mr. of foodstarts and 30,000 ton! Churchillymade blast statement. Liquid fuels. Large consignment
VA FRENCH SKIZURES
minerals, dispensable to PARIB, Oct 12 (Reuter) It was manufactures, were also seized
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG And CALCUTTA
SANDAKAN
HAIPHONG
For further particulars
please apply to-
LEPHONE
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