The market was quiet,
34-1/4
COTTON; The market to-day reflected the confusion regarding the European situation and the uncertainty of the neutrality legislaTM tion. Prices moved irregularly in light volume of business with many traders on side-lines. "Spots" are firm and there has been an improved trade demand which met with limited amount of hedge- selling.
RUBBER: After a firm opening on the strength of London prices, the market eased on a moderate amount of dealers' hedging. Commission Houses were buyers, while manufactures are showing not much interest.
ΓΑ
WHEAT: Prices were somewhat erratic and easily influenced by unfavourable weather which continues in South-west, The foreign market is no new incentive to induce good buying. The late easiness was attributed to poor exports and the confusion of War news,
HIDES: Tanners are showing not much interest
apparently awaiting more reasonable offerings. The seasonable increase in sup- plies continues to be a detriment to higher prices.
NEW YORK STOCKS: Previous close, 153.86; To-day's close. 153.71: Change, of 15.
|
Canton
Dairen Malacca
Foocho Manila
Sourabaya
Patani
Haipaone Muar * Swatow Hamburg (Johore) Tientsiu ̈ Bankow Mukden Tokyo Harbin New York Tsingtao Hongkrw Peiping Yokohama Iloilo
HANKOW
(Peking)
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accouers opened and FIXED DEPOSITS received for One Year or shorter periode in Local or Other Currencies at rates which will be quoted on application.
STOCKS
Last Sale
Oct, 23
OCTOBER 24, 1939,
STOCKS
Last Sale
Adams Express
10
Oct. 23.
Alleghany Steel Op. co
251
Kennecott Copper
402
Allied Stores.
102
Lakey Foundry & Mac.
31*
Allis Chalmers
494
Libbey-Owens-Ford
592
Aluminium Ltd
94*
Lockheed Aircraft-
311
| Amarads Corps.
Loew's Inc.
341
Amer. Can...
1141
Manhattan Shirt Co.
15
986
American' Cyanamid B
341
Martin, Glen L.
401
Amer. & Foreign Power ...
21
McKesson, Robbins
161*
On demand
62 3/4
Ameri & Foreign #7 pi....
271
Monsanto Chemical
(108)
On Japan:-
American Gas & Elec ..***
38
On demand A
[Montgomery Ward
561
Amer. Locomotive
371
Sat Dairy Products
137
SINGAPORE RUBBER
On India-
24
Amer. Metals Co, mini..
26
National Aviation
157
Telegraphic Transfer.
SPOT....
Amer. Radiator
107
Nat. Distillers..
241
JAN.-MARCH
and demand
Amer. Rolling Mi
201
National Gypsum
11+
APRIL-JUNE .....
Amer. S'ting and Ring Co.
541
National Load
22
Bank Bills, on demand 24 7/8 Credits, 60 days" sight 25 5/8
On "Paris:-
On "Batavia ;----
On demand
Bank Bills, on demand 1390 Credits 4 months' sight 1145
45 3/4
Amer, Bugar Ring Amer. Tel & Tel Amer. Tobacco “3* Amer. Waterworks
24]
Nat, Power & Light
9
1,651
National Steel Corp.
18
811
Nat. Supply Corpa.
111
132
New York Central
214..
Un Balzonk |--
On demand
108
» Anaconda Copper.
Atchison, T. & 8. Fe. Auburn Motors ... Baltimore & Ohio
334
Niagara Hudson Power
81
32
N. American Aviation ......
5
3
North American Co.
231
BA
Northern Facific
-118
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS |
OCTOBER 14, (1938
On London:--
Telegraphic Tranater. £/% 7/8 · Bank Bills, on demand!/2 7/8
Credits 4 months' sight 1/30/18
On Shanghai:—
On demand
On Singapore:-
On New York:→
NEW YORK STOCK EXCHANGE
QUOTATION
لالالا
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
WEDNESDAY, OCTOBER 25. 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
Issued & Fally Paid-Up 890,000,000 Incorporated by Royal Charter, 1855
Authorised Capital... $50,000,000
Reserve Funds ;
Sterling
Paid-Up Capital £6,500,000 Reserve Fund
44
...£3,000,000 ..::£3,000,000
„£3,000,000 ›
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors Proprietors
HEAD OFFICE: LONDON:
$90,000,000
Head Office:-HONG KONG
.
Board of Directors: Hon Mr. A. L. Shields;
W. H. Look, Esq.,
Chairman.
Deputy Chairman,'
J. K. Boushald, Esq., A, H. Compton, Esq., Hon. Mr. S. H. Dodwell, D. F. Landale, Esq.,
G. Miskin, Esq.,
38, Bishopsgate E.0.2
Sub-Agencies In London: 117/122, Leadenhall Street, E.C.à West End Branch: 14/16, Cookspur Street, S.W.1. Manchester Branch: 52. Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN HONG KONG
ALOR STAR AMBITBAB
BANGKOK
BATAVIA
ILOILO IPOK
PEMANG MANGOON BALGON
SEREMBAN
ROSAY
KARLOB
SHANGHAI
GALOUTTA
KLANG
SINGAPORE
AGENCIES: DLIFE, TRUST
SETIAWAN
KUALA
SOURABAYA
LATKPUK
TAIPINO
KUCHING
MADRAS
TIENTSIN TONGKAN
(Bhuket)
October 21
buyers sellers
New York, October 23.
October 23
buyers sellers
* 34-3/4
36-1/4
36 34-1/2 34
change of 1/4
►
K. S. Morrison, Esq.,.
Hon. Mr. T. E. Pearce,"
E. V. Wilkinson, Esq.
TA
Sir Yandeleur M. Graybaro,
Chief Manager. Fatki Pract
CANTON CAWNPORE
MANILA
Du Manila:-
Barbes Asphalt Co
17
Owens-flinols Glass Co.
661
On demand 49 3/4
Barnsdall Ol
141
Pacific Gas & Elec.
303
On Bangkok.—
Bendix Aviation
301
Pacific Lighting
461
On demand
.... 149 1/2
Bethlehem Steel
901
Packard Motors
31.
Stering Notes:-
Bliss & Co.
171
Paramount Pictures
81
Bank Buying Rate
1/4
Boeing Airplane Co..
291)
Pennsylvania RR...
28
Bar Silver per o
93 1/8
Borg-Warner
28
Phelps-Dodge
Amoy
Branches: "Ipoh Bangkok Johore
Penang Rangoon
| CEMS 17
COLOMBO DELHI
MEDAN
THINGTAO
Batavia Bombay
Kobe
Saigon
HAIPHONG
Kowloon
San
HAMBURG
KEW YORK PRIPING
Calcutta
Küsla
Francisco
Lumpur Shanghai
Chefoo
London
Singapore
Colombo
Lyons
Sungei
Biggs M'facturing
25
Phillips Petroleum
46
done.
Market Report
FROM ROZA BROS.
The price for Ready Bliver was Case, JIN....... unchanged yesterday at 23.1/8 but Celanese
the Forward rate rose 1/4 to Chesapeake & Ohio 32.3/16.
silver advices reported Chrysler Corpn
the market as being quiet with a Colts Patent Fire-Armis » small business
American Columbia Gas & El.
Brooklyn-M’hattan
Trani,
121
Pittsburg Coke & Dron
91*
•
| B'klyn-M'hattan $6 cum pf.
421
Public Service of NJ
402
Canadian Pacific R⭑way.
61
Pullman Inc
381
83+
Pure Of ....
91
271
| Radio Curpm of Am.
43
Reading Company, Com
20
901
Reading Company, ist píd
28*
80
Remington Arms Co., Inc..
51*
71
Republic Steel
271
Silver was
Spot.
quoted at 38.1/8 for Columbia 6% "A" pf.
82
Reynold Tobac. "B"
377
ין
Commercial
481
Richfield QU
81
Sterling
The London-New York
rate was quoted at 402. New York- C'wealth & 8. 6% cum pt. London was quoted at 401.3/8.
Market
Opened steady "but subsequently
the tone appeared a shade easier:
Continental Can
Continental, Ol
Corn Products
Was available at the opening at Curtiss Wright (C.) 1/3, December resulting in businessCurtlas" Wright "A"
cross Commonwealth & 8. (ord.)
11
Safeway Stores
461
New York Cotton, Dec.
691
Schenley Distillers
141
New York Rubber, Dec.
31
| Consolidated Edison
Schenley, 5).pfd.
6947
Chicago Wheat, Dec.
Consolidated Oli
83
Sears Roebuck
831
Chicago Corn, Dec.
Prev. To-day's High Low Close Close Change 9.09 8.95 8:90 9.03 .04 up 20.48 20.20 20.39 20.28 11 off 86 842 851 847 2 off 497 ..487 49
..
491
up
*474
Seversky Aircraft
Winniper Wheat, Dec.
701
701
+ off
281
Shell Union Oll
141
New York Hides. Dec,
14.84 14.50
14.87 14.55
.32. off
63
Bocony-Vacuura Oil.....
132
NEW YORK COTTON
Close
B
Southern Pacific ....
174
December
8.98/99
Opening 9.00/00
Closing
Change
9,02/03
.04 up
+381
Southern Rly 35 pfd...
24t
January
8.91 N
8.92b/93a
8.95 N
.04 up
241
at 1/3 December, Nov.
and
Oct. Deere & Co
Sperry
501
March
8.85/86
The market closed at 1 pm. with Distillers Corpn. Seagrams sellers at 1/3 October and 1/2 Douglas Aircraft 31/32 November/January, buyers Du Pont de Nemours
151
Spicer Manufacturing Co.
304*
May
8.76/78
8.84/84 8.75/76
8.83/83
8.70b
.00 off
831
Standard Brands
40
July
8.57/58
8.57/57
8.53/53
.05 off
1811
Stand Gas & Elec.
Spot
9.26 N
9.30 N
.04 up
5.1/8 Cash and, 25.1/16 November. Shanghai Dollars
at 1/3.1/32 Cash and 1/3 Decem- Eagle Picher Lead ber.
There
"CS, Dollars
were sellers at 25.1/18
October, 25 November. buyers at
Eaton Mfg. Co.
Elec. Autolit
"Sellers for 8pot were quoted at Flintkote... 207 early in the morning and to-|Food Machinery. Corp. wards the close there were sollers Gen. American Trans. .at 298.
Shanghal Market ·
131
Standard Oll of Califória
288-
July (New contract)
22
8.77 N
8.76b/78a
8.72 N
.05 .off
29
Standard Ol of N.J.
472
387
NEW YORK RUBBER'
tune & Webster
133
December
Eléc: Bond & Share
91
20.38/39
20.45b/48a 20.20/28
.11 of
Swift International
32
March
18.88/92
19.07/13
Glee. Bond & Share
pl.
591
18.90/90
.02 off
Technicolor
121
Elec. Bond & Share $8 pf...
691
May
18.55/60
18.74/74
18.50/50
,10 off
Texas CornN
478
July
85
Elec. Power & Light 37 pf.
Texes Gulf Sulphur
361
September
18.43b/45a 18.65/65 uriquoted :
18.44 N
01 oft
21
unquoted
Trana-America Co........
61
Total sales for the day:-500 tons
14 "
20th Cent. Fox.
59*
20th Cent. Fox. $1à pf.
231
411
Gen. Electric. Gen Motors
Union Carbide & Carbon.
894
CHICAGO WHEAT December
541
Union Pacific
1041
May
Started with sellers at 4.20/32 Gen. Railway Signal for Spot. Later advices indicated General Tire & Rubber Co the market as being Arm and to-Glidden Co. ..... wards lunch time there were sell-Goodrich (B.F)
224
United Aircraft
46*
July
851/851 853/850 841/847 831/831
842/841
off
847/854
842/841
off
822/83
i up
P
234
United Airlines Trans.
117
Saturday's sales:-11,624,000 bushels.
191
United Corpn.
27
CHICAGO CORN
221
United Corpn. $3 cum of 361
December
49/491
49/49
49/491
United Gas Corpn
21
May
52/512
52/521
$2/52+
up up
281
United Gas Improvement 14.
July
521/529
53/531
up
Great Northern Iron Ore
181
Reublic Aviation
51
> WINNIPEG WHEAT
Great Northern Rly, pid.
314
US.. Industrial Alcohol,
25]
October
707/701
Great Western ́Bugar
321
US. Rubber
434
December
Greyhound Corpn.
17
US. Eubber $8.pfd.
109
May
721b .771/771
72/72
700/701 72 b
off of
701/77
off
90
US. Steel
704
NEW YORK HIDES
Homestake Mining
53+
Vanadium
374
December
Sterling
Industrial Rayon International Harvester int. Nickel ...... Int. Tel. & Tel.
Walworth Co.
67*
March
$4.880/7Ba 15.19/19
851
Warner Bros. Pict.
#
June
15.50/50
351
Westinghouse Hec.
119.
14.80by15.00 14.55/55 15.19/15 14.75/82 15.35b/50a 15.09 b
.32 oft
.37 off
AMDY.
Penang
.41 off
Batavia
Bombay Kanils
Badges
51.
NY Silver, Official
unquoted
.36-1/B
Woodward Iron Cor
201
NY-London Cross Raté 4,01
Halphons
Nagrania
79
811
Chase National Bank National City Bank ..
Baukow
New York
Seati
Scuolul
1. Parts
201
Peiping
ers at 5.3/32 for Spot. US. Dollars Goodrich $5 pt. opened with sellers at 8.7/32 for Goodyear Tire & Co. Spot, rising subsequently to 3.17/32 for Cash. Firm.
Afternoon Market
The market was quiet in the Hercules Powder Co.
afternoon.
The market closed with sellers at 1/3 October and 1/2.31/32 November/January, buyers at 1/3.
1/32 Cash and a small buyer at 1/3 November.
U.S. Dollars
The market closed with sellers at 25.1/16 October and 25 Novem her, buyers at 25.1/8 Cash and 25.1/16 November.
Shanghal Dollars
There were sellers at 290 at the opening and closed with sellers at 295.-
Shanghai Market
There were sellers for Bpot ati 5.1/8 and subquently the rate Tose to 5.3/32. Towards the close the market eased off slightly and closed with sellers at 4.15/16 "for Spot US Dollars opened with sellers for Spot at 8.9/18 rising to 8.1/2 and at the close there were sellers at B.1/4 for Spot.
Shanghai Exchange
Shanghai, Oct. 24 (Reuter).
Official T.T. Rates
London
New York
Japan
India
Paris Hongkong
Opening
0/4-1/4 :7-1/8
30:1/4 23-1/2 3.11 28-1/4
Seller: Opening Closing
Spot
Oct.
Nov.
0/4-29/32 · 0/4-63/64" .0/4-29/32 · 0/4-83/64 0/4-55/64 0/4-29/32
U.S. Dollarn
Spot
$8-7/32
38-5/10
Oct.
8-3/16
8-5/18
Μον.
8-1/18
B-5/32
Market: Quiet.
Merchant Hatn;92
Sterling. 0/4-15/16
US Dollars, 38-1/4;
Johns Manville
J. & Laughlin Steel 7 DÍA
1939
-bla
4-ex div. DOW JONES AVERAGE
HiRI Low Dow Joues Averkz-s 155.82 121.44 30. Industrials
35.90 94.14 30 Rails
87.07
2071 20 Utilit
92 22 40.53
88 51 4 Bonds
Oct. 24, 1933, Oct. 21, High Low Close Chanye 163 86 154.58 153.19 158,71 0 15 off 34 78 34.70 34.40 24.55 0.23 off 28.03 26.44 25.95 28.09 004 up. 90,31
90.14 0.17 off 55.23 0.69 off Business Done :—970,000 shares
45.40 11 Commodity Index | 56,92
Silver, Doty Bate
The Central Bank of China's rate on London at 10 am, to-day was 1/2-1/2d, unchanged yesterday.
from
The Equalisation rate was 21-1/2 per cent
SHANGHAI EXCHANGE RATES
Shanghal, Oct. 24. (Reuter), With firm conditions prevalling, the market opened quiet with cash at 4-29/32 for Sterling, and 8-7/32 | for US Dollars, but later harden- ed quickly to 5-3/32& 8-1/2 respec- tively. The advance of the Chinese Dollar is attributed to small selling orders, outport selling and complete absence of buyers.
Calcutta Exchange
Calcutta, Oct. 23 (Reuter). T.T. on Japan. 78-3/4.
New York Exchange
New York, Oct. 23 (Reuter). TT. on London (Opening Rate). 4.00-3/4.
SILVER MARKET
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson. & Fritz and "
·S. E. Levy & Company)
LONDON METALS
EXCHANGE London, Oct. 23 (Reuter),
sellera
HONGKONG
.00 up
SHAREBROKERS
ASSOCIATION
Volume Of Business Transacted
CURLENT
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable in on application.
ACCOUNTS opened LOCAL CURRENCY and Fixed Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trastee periods in Local and other Curbusiness, and claims moovary of rencies on terms which will be British Income Tax overpaid, on quoted on application.
tarms which may be ascertained at
ALSO up to date SAFE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To Ler
R. A. CAMIDGE,
Manager.
Hong Kong, 25th September, 1939.
HONGKONG - SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & ́SHANGHAL BANKING COR- “PORATION. Rules may be obtain-
ed on application..
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, th Feb., 1989.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital
- 5,598,800,00
2,883,932.01
Beserve and. Undivided'
Profits..
Head Office:-HONG KONG"
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shomson Chow, Chairman
Li Koon Chan, Dag, Li Lan Sang, Esq. P. E. Krok. Eaq. Wong Chu Son, E- Wong Tan Tong, Esq. Kan Ying Po, Bag, Chan Ching Shuk, Bag. Fung Ping Wah Eaq Kan Tong Po, Esq., Chief Manager. Li The Foag, Esq, Manager.
Branches and Agencies
Kowloos Loodos Bangoon
Δια προτο Sourabaya Swa.tow
Calcutta. Melbourne Fra Sydney
Sobe
عماsiroo Tion
Semarszy Shanghai
TERVEYS
Every description of Banking and Exchange business transacted. Losas: granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Car on Tuesday, Oct, 24, 1939.
rencies on terms which will be EK. Wharves
200 $101.00 unquoted HK, Docka
200
quoted on application. 18.00
BATE DEPOSIT Boxes To Ler. HK. Docks.
50 18.05
KAN TONG PO, unquoted Chiria Lights (0) 201
Chief Manager.
buyers" £
2
Standard, Cash 230 Standard,
3 months 230
7.06
-INDO-CHINA
LONDON SILVER London, Oct. 23 (Reuter). Silver. Little · general
Small business. Markét quiet. In
the afternoon, the market was idle with no business.
spot, 22-13/16.
Forward, 22-3/164,"
NEW YORK SILVER New York, Oct. 23 (Reuter),' Official Price, 36-1/8.
BOMBAY SILVER
Market Steady.
Bombay, Oct. 23 (Reuter).
Oftake 50 bars:
Indian Mint Silver
Ready Nov. 4 Bettlement Dec. 5 Bettlement.
50-00.
59-00
59-04
LONDON GOLD
London, Oct. 23 (Reuter). Bar God, Fire per oz, 168.
India Rupee Paper
Bombay, Oct. 23 (Reuter). Govt. 34% Rupee," 84-02-0.
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and. OSAKA
SINGAPORE, PENANG and · CALCUTTA
SANDAKAN
HAIPHONG **
For further particulars
plusse apply to-
JARDINE MATHESON& Co.,LTD. TELEPHONE ROSIILL GENERAL MANAGERS
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, FINE STREET, An American Bank offering com- NEW YORK.
plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHASE NATIONAL BANK, New Youx, with Resources of over 1.8.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pre
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHAŃGE
H
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL Ovix 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: CANTON
KONGMOON BWATOW -- TOISHAN SHTUCHOW KINGCHOW
We also handle the ine of Bonds and other Public Funds of the Chiness Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office: 15, Gracachurch Straat, London, E-CS
Authorised Ospitaž
1abcribed Capital
Paid-up Capital
£2,000,000
21,800,000
21,060,000
Baserri Pand sod Best,
BANKERS:
The Bank of England and Midland- Bank, Ltd. BRANCHES:
Koala TeruggADA Matram New York
PRAEDE
Rasos
Bangkok
[pol
Bombay
Jalos
Onionsta
Kuanta
Coletabo
Kandy
Delhi
Kota Bharu
Hongkong Howa
Karla Lipis
Shanghai
Bil Kuala Lumper Stopspore
HONG KONG BRANCH:
Every descript of Danking and Exchange
| Bukinem transstad.
Travellers Chegesien. Insel, TRUSTEE AND EXECUTORSKIP SHOP NITRO UNDERTAKEN
AGUEREST 4000UNZI opened in Losal Char 19007 and FIXED DEPOSITS Posived in Uncal Currency, STERLING, À U. 8. DOLLANE 00 korisn that may be neowtained on application.
D. BENBON,
Page 10Page 11