New York, October 19 (Router). Oct. 5
Oct. 10 (000's omitted)
.......... 45 3/8
Bills Bought
1,000
U.8. Securities held
1,785,000 85.26%
Federal Reserve Credit Outstanding
2,837,000
1,000 3,748,000
65.37% 2,817,000
Monetary Cold Stock
16,858,000
ขาย
Industrial Advance
11,841,000
16,997,000 11,787,000
49 5/8
Un Bangkok —
On demand
140 1/2-
Sterling Notes:-
Bank Buying Rate
..: 1/4
Bar Sliver det og.
29 13//i
STOCKS
Last Sale
Oct. 19
OCT. 20, 1939 STOCKS
Lust Sale
Market Report
Adams Express .......
.91
Oct. 19
Alleghany Steel Co.
.25] the
Kennecott Copper
101
Lakey Foundry & Mac,
31
441
Libbey-Owens-bord
Glass
532
94
Lockheed Aircraft
313
Loew's Inc.
331
115%
Manhattan Shirt Co.
14
34
Martin, Glen L
401
New York Cotton, Dec.
21
McKesson, Robbins
New York Rubber, Dec.
16*
257
Monsanto Chemical
Chicago Wheat, Dec.
108
361
Montgomery Ward
56
Chicago Corn, Dec.
28!
(at. Dairy Products
Winnipeg Wheat, 'Dec.
16
261
| National Aviation
New York Hides, Dec,
131
101
Nat. Distillers
NEW YORK COTTON
243
Marcet
Amer. Rolling Mil
50!
National Gypsum
December
101
Amer. S'ting and R'ing Co.
551
National Load
January
22
Sterling
Amer. Sugar Bing.
251
Nat. Power & Light
March
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
Or Singapore:-
On Japan:—
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
ה
COMMODITY MARKET REVIEW
London, "October 19 (Reuter).
Oct. 12
Oct 19
10,910
12.010
116.720
116,450
39,670
38,540
154.390
154,900
114310
107,540
Other
Becurities:-
Discount & Advance Securities
3,050
3,520
$1,700
23,250
316
Tota!
24,760
26,470
Notes and Coins.
45,940
50.000
(FROM PAYNE & CO.)
*52 3/4
Total Bullion ....
970
1,010
Notes in circulation
534,020
630,520
October 18
Radio of Reserve to Liabilities
106
Price" of Gold at which holdings are valued
27.45% 168/-
30.35% 12/-
SINGAPORE RUBBER
buyers sellers
New York. October 19,
October 19 buyers sellers
SPOT......
35-1/4
JAN.-MARCH
33-3/4
APRIL-JUNE
33-1/4
36 34-1/2 34
change up 3/4
CLOSING QUOTATIONS
OCTOBER 7, 1939
On London:-
Telegraphic Transfer e 7/8. Bank Bills, on demand/2 7/8 Credits 4 months' sight 1,3 1/18
On Shanghal:--
On demand
On demand
On demand
On India:--
Telegraphic Transfer. 8s 1/
and demand
-On New York:-
Bank Bills, on dermand 24 13/16 Credits, 60 days' sight 25 6/8
Un Batavia-
On demand
On Paris:
..
Bank Bills, on demand 1000
Credits 4 months' sight 1145
01 Salgen:-
On demand
Un Manila:--
On demand
Public Deposita Other Deposits ---
Bankers
Other Accounta Total
Government Securities
ported
3
FEDERAL RESERVE SYSTEM
-Federal Reserve Ratio
NEW YORK STOCK EXCHANGE
QUOTATION
"FROM ROZA BROS.
Silver prices dropped yesterday Allled Stores
to the extent of 1/8 for Ready Allis Chalmers
and 3/8 for Forward, the quota Aluminium Ltd
tions being 2213/16 and 21.13/16 Ameruda Corps................. respectively. Silver advices re-Ame. Can
quiet market with a American Cyanamid B small business done. The market Amer, & Foreign Power olosed quietly steady. American Amert & Foreign 37 pi.... "Silver was quoted at 38 for Spot. American Gas & Elec The London-New York cross- Amer. Locomotive date was quoted at 402. New York-Amer. Metals Co," Landon was quoted at 401.
Quiet.
Amer. Radiator
407
The market was irregular.
COTTON: There was a consistent foreign and domestic trade demand. "Spot" offerings were light and the basis was higher in the South. There was a good demand for actual hedging. Cotton goods sales for the past two week were encouraging,
RUBBER; Speculative activity on apprehension as to the dis- ruption in shipments to the United States from the Near East. coupled with growing industrial demand are reflected in outstanding.. strength in rubber prices. Tire shipments in September were higher than a year ago. Inventories probably increased in anticipation of good foreign demand.
WHEAT: The market is marking time pending further develop- ments of the weather conditions in our West and South-west
SATURDAY, OCTOBER 21, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.. $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855
Paid-Up Capital £6,500,000 Reserve Fund.....
Reserve Funda:
Sterling
Reserve Liability of
Proprietors
£3,000,000 ....£3,000,000
£3,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON:
..$20,000,000
Head Office:-HONG KONG
Board of Directora: 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. Landale, Esq., G. Miskin, Esq.,.
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce, E. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
Branches:
38, Bishopsgate E.C.z. Sub-Agencies in London; 117/199, Leadenhall Street, E.C.2 West End Branch: 14/16, Cockspur Street, S.W.1."
Manchester Branch: 32, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
ALOR STAR AMRITEAR
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
HARBIN TONG LÒNG ILOILO IPOR KARACHI
KLANG
AGENCIES: KOE CLITE STREET KUALA FAIBLIK PLACE
CANTON
CAWNPORE ✡ISU COLOMBO
Amoy Ipoh Bangkok
Batavia
Johore Kobe
Penang Rangoon Saigon
DELHI
HAIPHONG
Bombay Kowlooti
San
■!
Calcutta Canton
Kuala
Francisco
HAMBURG HANKOW
Lumpur Shanghai
Chefoo
London
Colomb
Lyons
Dairen
Malacca
Foochow Manila
Sungei
Patani
HIDES: Prices have shown no significant change. The statistical position remains favourable, and there is no change in the optimistic outlook for shoe sales. Seasonal factors, however, may limit the rapidity of price-advances,
NEW YORK STOCKS: Previous close, 153.54: To-day's close. 153.36; Change, off 18.
NEW YORK. COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
494
Hamburg Bankow Harbin
Singapore Sourabaya
Haiprong Muar Swatow
(Johore) Tientsin Mukden Tokyo New York Tsing do
Yokohama Hongker Peiping Iloilo
on
LUMPUR
TECHING
MADRAS
MANILA
MEDAN
NEW YORK PRIPING
(Peking)
PENANG
BANGCON SAIGON
SERRUDAN
SHANGHAL
SINGAPORE
SITIAWAN
BOURABAYA
TAPPING TIENTSIN TONGKAЯ
(Bhuket)
TSINGTAO
YUKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
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 ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT AccoNTs opened in LOCAL CITBRENCY and FIXED DEPOSITS The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustes periods in Local and other Cur business, and claims recovery of rencies
terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at Azan up to date EAFE DEFOBIT any of the Agencies and Branches. Box in various sizes To LET
R. A. CAMIDGE,
Manager.
+
W
20.60
881
85!
501
15.45 15.15
Close-
Opening
Prev. To-day's High LAW Close Close Change
9,02 8.92 8.95 9.01
.06 up 20.37 20.45a 20.59 .14 up
85% .854
# of 501 497
off -71fb 712 $ off .12 off Change
15.29 15.17
Hong Kong, 25th September, 1939.
Closing
8.94/95
8.92/93
9,00/01
.06 пр
8.90/90
8.88/88
8.95 N
HONGKONG SAVING'S
.05 up
8.80/80
8.78/78
8.86/88
.08 up
Nothing dong. There were sell- ers at 1/3 October/first
Amer. Tel & Tel
1652
National Steel Corp.
..May
8.67/68
8.67/86
8.70/78
.08
774
week
Amer. Tobacco "B"
801
Nat. Supply Corpn.
July
8.49/50
8.49/49
8.58/58
.08
February and 1/2.31/32 February! March, buyers at 1/3.1/32 Cash and 1/3 February.
Amer. Waterworks
132
New York Central
211
Spot
9.92 N
9.23 N
.06
Anaconda Copper
34
Niagara Hudson Power
July (New contract)
8.68 N
8/72 A
8.76 N
.08 up
8
ULS Dollars
Atchison, T. & S. Fe, Auburn Motors ....
321
N. American Aviation
NEW YORK RUBBER
24금
North American Co.
December
20.40b/45a .20.40/40
20.50/59
.14 up
23
Jellers at 25.1/16 Cash, 25 Octo-Baltimore & Ohl ber, 24.15/16 November and 24.7/8 Sarber Asphalt Co 25.1/18 November and 25 Decam-
Barnsdall Ol
72
Northern Facitiv
March
18.88/90
18.94/05
19.09/10.
20
113
171
Owens-linols Glass Co.
May ......
18.61 N
18.73/74
67
July
18.58/58
18.70/68
15
Pacific Gas & Elec.
30
December, buyers at 25.1/8 Cash.
Bendix Aviation
301
Paciic Lighting
September
unquoted
16.74b/75a .14 18.70/70 unquoted,
.12 up
4671
per.
Bethlehem Steel
912
Packard Moturs
Total sales for the day:-2.150 tons
31
ક
CHICAGO WHEAT
Shanghai Dollars
18
Paramount Pictures
Bliss & Co.
December
J22.
Boeing Airplane on
291
Pennsylvania R.R.
281
Shanghal Market
Borg-Warner
234
Phelps-Dodge
May
443
July
Sellers of Sterling for Spot at Biggs M'facturing 4.39784.
243
Phillips Petroleum
851/851
844/847
821/83..
851/851
851/851
847/847
84/841
821/821
#
451
Brooklyn-M'hattan Trans.
111
Pittsburg Coke & Iron
101*
Wednesday's sales:-18,417,000 bushels.
421
Fublic service of NJ.
CHICAGO CORN
40
Afternoon Market
3'klyn-M'hattan $8 cum pf. Canadian Pacific R'way.
December
-6!
Pullman Inc.
5047501
501/50
497/491
381
83
Pure Of...
May
53+/534
53/523
524/521
The market was extremely quiet Case. J.I
92
July
541/541
281
Radio Corpn. of 'Am.
53/534
# off
G
in the afternoon.' '
Celanese
The market closed with sellers
and
U.S. Dollars
1 26.1/16 Cash,
Sterling
st 1/3 October/first week February
1/2.31/32 February/March, Columbia Gas & El. buyers at 1/3.1/32 Cash and 1/3 Columbia 8% “A” pf, February.
The market closed with sellers wealth & S. 6% cum pt.
25 October," 24. Consolidated Edison
15/16 November and 24.7/8 De-Consolidated Oll cember, buyers at 25.1/8 Cash, Continental Can 5.1/16 November and 25 Decem- Continental Oil
Chesapeake & Ohle Chrysler Corpn
431
Reading Company, Com
WINNIPEG WHEAT
201
911
Reading Company, 1st pfd
October
71;b
711/711
28
December
Colts Patent Fire-Arma
B9
Remington Arms Co., Inc.
73jb
731/734
-721b
+ off
55
71
Republic Steel
May
771b
TIZA
unch.
271
821
Reynold Tobac. "B"
NEW YORK HIDES
361
December
15.29/29
Commercial...
471
Richfield Of
83
March
15.57/57
15.45/45 15.70/65
15.17/17
12 off
15.44/46
.11 off
Commonwealth & 8. (ord.)
11
Safeway Stores
46!
June
15.85b/90a
15.90b/79
70
Schenley: Distillers ......
142
NY Silver. Oricfal
38
30!
Schenley. 5% pfd....
67
NY-London. Gross Rate 4.00
81
Sears Roebuck
811
49
Seversky Aircraft
5+
28!
Shell Union Oil
141
621
ber
Corn Products
Socony-Vacuuru Ou
14
Shanghai Dollars
Shanghai Market
&
Curtiss Wright (C)
Southern Pacific
171
23.
Curtiss Wright "A"
Southern Rly. 55 ptd.
35
25
Deere & Co..
Sperry
501
ነ ..
Sellers of Sterling for Spot at Distillers Corpn. Seagrama 4.39484.
151
Spicer Manufacturing Co.
30 */
Douglas Aircraft
841
Standard Brands ......
buyers sellers
想 TIN Standard, Cash 230
*
1821
Du Pont de Nemours.
Stand Gas & Elec.
Standard,
13
Shanghai Exchange
Eagle Picher Lead
Eaton Mfg. Co.
281
Standard Oil of California
Standard Ou of NJ.
Shanghai, Oct. 20 (Reuter).
387
Eec. Autolite
Stone & Webster
131
91
Official T.T. Rates
Elec. Bond & Share.
Swift International
London .....
Opening 0/4
Elec. Bond & Share 35 pf.
59
Technicolor
Elec. Bond & Share $6 pt.
Texas Corpn.
New York
Japan
India
6-11/15
Elec. Power
Light $7 pf.
321
Texes Gulf Sylphur
28-1/2
Funtiote
19
Trans-America Co.
22-1/4
Food Machinery Corp.
| 20th Cent. Fox.
482
Parig
2.93
Gen. American Trans,
20th Eent, Fax. $14 pf.
414
Hongkong
28-5/8
Gen. Electric
| Union Carbide & Carbon
Bellers
Gen. Motors
542
Union Paciic .....
Opening Closing
Gen. Railway Signal
.23*
United Aircraft
Spot
0/4-18/32 0/4-39/04
General Tire & Rubber Co 231
United Airlines Trans,
Oct.
0/4-97/64 0/4-39/64
Glidden Co. .....
197
United Corpn.
Nov.
0/4-33/64 0/4-35/64
Goodrich (B.F)
U.8. Dollars
Spor $7-11/16 $1-23/32 Oct....... 7-21/32
Nov.
7-1/2
Market:--Quiet but steady.
Merchant Bate
Sterling, 0/4-9ƒ10, US Dollar8, $7-9/18.
Calcutta Exchange
Calcutta, Oct. 19 (Reuter),
T.T. on Japan; 78-3/4.
New York Exchange.
New York, Oct. 19 (Reuter). TT. on London (Opening' Rate), 4.00-5/8
India Rupee Pajer
Bombay, Oct. 19. (Reuter). Govt. 31% Rupec, 64-08-0
Int. Tel. & Tel.
Goodrich $5 pl
671
United Gas Corpn.
Goodyear Tire & Co.
283
United Corpn. #3 cum pf
United Gas Improvement 13
Great Northern Iron Ore
18
US., Industrual Alcohol
7-11/16
Great Northern Rly, pid.
312
US. Rubber
『Zཨྰཿཀྰབྷཏྟཱ།སྭཱབྷཎྜཝནྟ ྤd8ཡོ
3 months 230.
TO-
_'t
+7-9/10.
Great Western Sugar
324
US. Rubber 58 d.
1681
|Greyhound Corpn.
167
US. Bleel
Hercules Powder Co.
90
Vanadium
Homestake Mining ....
53
Walworth Co.
61*
industrial Rayon
Warner Bros. Pict
4
and TIENTSIN
BINGAPORE, PENANG and CALCUTTA
International Harvester
641
Westinghouse Hec,
118
int Nickel ...
:: 383
Woodward Iron Cor.
SANDAKAN
HAIPHONG
Johns Manville
51 791
Chase National Bank National City Bank
37 * 291*
3. & Laughlin Steel #7 ptd.: 18k
.*-bid
1-mex, div
DOW JONES AVERAGE
For further particulars
-please apply tom
1939
High Low Do Jones Averages
156,92 121.44, 30 Industriala
·Oct. 20, 1939, Oct. 18, High Low Close 103.54 154.42 159.78,153,39
Chanca
25.00 24.14 20 Railr
34.51
35.11 34.60 3471
18 off 20 up
27.07 20.71 30. Utilities
$6.75
26 99 26 69 26.5
10 up
-92 22° 80.51 40 · Bonds
A029
90.39
10 up
6053 45,50 11 Commodity Index 58.17
56.82
.16 up
104
LONDON METALS
EXCHANGE
London, Oct, 19 (Renter).
15.75b/800 .10 oft
BRITISH CONTRABAND
SEIZURES
LONDON, Oct. 20 (Reuter)- Trade
negotiationS between Britain and Belgium are to be re- sumed on Monday. They chiefly unquoted concern the release of merchandise which the British Contraband Control has seized as possible re- The resumption of dealings in exports to Germany,
unquoted
Copper, Lead and Spelter is foreshadowed by the Ministry of Supply's approval of the Meta!! Exchange's proposals for settling open contracts. outstanding with neutral clients..
LONDON GOLD
London, Oct, 19 (Reuter." Bar Gold, Fine per oz., 168.
BANK
THE CHASE BANK
The Businces of the above Bank 18, 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... 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital
Reserve and Undivided
3,698,800.00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: `-
Sir Shonson Chow, Chairman
Li Koun Chun, Esq.
་
Li Lan Sang, Esq. P. K. Kwok. Eng. Wong Chu Son, Esc Wong Yan Tong, Esq. Kan Ying Po, Esq. Chan Ching Shok, Esq. Fung Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Branches and Agencies:-
Kowloon Kanna
London
Singapore Rangoon Bounty's Saigon Bwałow Melbourne San Fran- Bydney
cisco Tiantan Seattle Tancouver Semarang Shangha
Palpizz
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com-
plete Foreign Banking Service in the principal Markets of the world." Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CRABE NATIONAL BANK, NEW YORK, with Besources of over U.S.$2,900,000,000.
D. M. BIGGAB,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT .OF CHINA AS AN INTERNATIONAL EXCHANGE
۱۰
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 *o 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:
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or shorter perioda in Local and Foreign Car- CANTON rencies on terms" which will be
SWATOW quoted on application.
SAFE DEPOSIT Boxes To LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFO0
KOBE and OSAKA
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOSIL · GENERAL MANAGERS
SHIUOHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chines Government both at Home and Abroad.
ZHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head ofce-15, Gracechurch Street, Londen, EC3 Authorised Capa
Subscribed Capital .. Paid-up Capital
Reserve Fund and Best.
*
BANKERS:
£23,000,000
£1,800,000 #1060,000
The Bank of England and Midland-
Bank, Ltd. BRANCHES:
Bangko Jpok
Bombay Calou
Jaffer
Kuantan
Colomho
Delhi, Galle Hongkong
Howrah
Kand
Karschi
Kota Bharu
Kasia. Lipie
Kuale Trenxgvon Sindra
New York
KAMBOD
Shanghai
Hi
Knala Lumpur Singaporn HONG KONG BRANCH:
Every description of Banking and Kanbange business transacted. ??)
Terrallara Choquin Land,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEM.
GORRENT" 4000URTS 'opened in Low Car rency and FIXED DEPOSITs escaired in Local Curry, SEHLJNO & U, 8, DOLLARS pa‘Love that only be moertalsed on application.
D. BENSON,
קנן
$35.8 858
up
off
off
off
30
Profits
2,883,832.01
off
off
Amor
Balarla
Bombay
Maria
Calcutta
Halpbang
Bankow
New York
ilonolulu Kobe
Paris
Business Done:-1,160,000 shares
Page 10!