STOCKS
Last Sala
Oct. 25;
OCTOBER 26, 1939
STOCKS
Last Sala
Adams Expropë ......... Alleghany Steel Co. Allied Stores
10
Oct. 25
257
Lakey Foundry & Machi
31
11
Libbey-Owens-Ford Glass
531
Allis Chalmerą .....
41
Lockheed Aircraft ....
331
Aluminium Ltd
100
Loew's Inc."..
381
Amerada Corps..
Manhattan Shirt Co.
Amer. Can...
-1101
Martin, Glen L
41J
290
American Cyanamid B
35
Amer. Foreign Power
"31
On demand
52 3/4
Ameri & Foreign $7 pt....
271
On Japanimm
American Gas & Elec
On demand
105 1/2
зай
McKesson, Robbins Monsanto Chemical Montgomery Ward Sat. Dairy Products
16.
1091
571
14
Amer, Locomotive
28
Nationať Aviation
SINGAPORE RUBBER
18
On Indias
Telegraphic Transter.
Amer. Metals Co.
28
Nat, Distillers
251
SPOT
38 38
and demand
Amer. Radiator
111
National Gypsum
131
JAN.-MARCH
On New York:-
Amer. Rolling Mill
211
National Load
221
APRIL-JUNE
Amer. Sting and R'ing Co.
581
Nat. Power & Light
어
The market was quiet,
Amer. Sugar Ring
24
National Steel Corp.
751
Un Batavia:
Amer. Tel & Tel.
1671
Nat. Supply Corpn.
··117
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 1939
On London:-
Telegraphic Transfer. Da 78" Bank Bills, on demand!/2 7/8 Credits 4 months sight 1/39,32 On Shanghai:-
On demand
On Singapore:-
Bank Bills, on dernand 94 7/8 Credits, 60 days' sight 255/8
NEW YORK STOCK EXCHANGE
QUOTATION
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
FRIDAY, OCTOBER 27, 1939.
BANKS
HONGMONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
*
AND CHINA
Authorised Capital....... 850,000,000 |
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1855 Reserve Funds ?'
Paid-Up Capital ...... £1,000,000 Sterling
£6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Reserve Liability of
Proprietors
$20,000,000
Head Office:-HONG KONG
Hoard of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman.
J.K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell. D. F. Landals, Esq.,
G. Miskiu, Esq.,
E. S. Morrison, Esq.,
Elon. Mr. T. E. Pearce,
prietors
£3,000,000
£3,000,000 HEAD OFFICE: LONDON: -
38,-Bishopsgate E.0.2.
Suo-Agencles In London:
117/122, Leadenhall Street, E.C.3. West End Branch:
•
14/16, Cockspur Street, S.W.1. Manchester Branch: B2, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES :
HARBIN
ALOR STAR AMRITSAR, KINGKOK BATAVIA
PENAMO
FONG LONG 250001
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.).
New York, October 25.
buyers
October 24
sellers
October 25
buyers
sellers
38-3/8
38-1/4
change off 1/8
34-7/8
34-3/4
34-3/8
34-1/4
On demand
40 3/4
On Paris:-
Amer. Tobacco “B” Amer. Waterworks
817
New York Central
321
133
Niagara Hudson Power
B
Bank Bilis, on demand 1000
Credits 4 months" sight 1145 ...
Un Saigen (---
Anaconda Copper
34+
N." American Aviation
281
Atchison, T. & S. Fe.
321
North American Co. ....
23į
| Auburn "Motors
મ
Northern Factic
COTTON: The prospect of prolonged hostilities in Europe has resulted in a good trade demand and
prices appreciably. Hedging was comparatively light and was easily absorbed. News that Germany seized the "City ofFlint was promptly reflected in this market, and as a result the decision on the Neutrality Bill is generally expected to speed up.
raised
E. V. Wilkinson, Esq. Sir Vandeleur M. Grayburn.
Chief Manager. FAILIAK PLACE
CANTON
12
On-demand
108
Baltimore & Ohio
72
Owens-Winois Glass Co.
67
Du Manila-
Barber Asphalt Co
181
Pacific Gas & Elec.
31
RUBBER: The rally was due to combined Commission. Houses buying and covering. Dealers were not in the market,
Ampy
On demand
40 3/4
143
Barnsdall On
Pacific. Lighting
471
33
On Bangkok-
Sendix Aviation
Packard Motors
31
On demand
149 1/2
Bethlehem Steel
931
Paramount Pictures
91
Sterling Notes:-
181
Bllas & Co. ................................
Pennsylvania R.R.
261
Bank Buying Rate
1/4
Boeing Airplane Co.
301
Phelps-Dodge
45
Bar Silver ver os.
99 13/18
Borg-Warner
281
Phillips Petroleum
44"
26
Biggs M'facturing
Pittsburg Coke & Iron
11
Sterling
Market Report
FROM ROZA BROS. Silver prices dropped yesterday
to the extent of 9/16 for Ready and 3/16 for Forward. the quota- Chesapeake & Ohio tions being 22.13/16 and 22.3/8 Chrysler Corpo respectively. Silver advices re Colts Patent Fire-Arms ported speculators 1.8 having Columbia Gas & El. operated both Ways. American Columbla 6%. “A” på.
market was steady. Commercial
sold,
The
American Silver Was quoted at Commonwealth & 9. (ord.) 36.1/4 for Spot.
C'wealth & S. 6% cum pí. The London/New York cross- Consolidated Edison rate was quoted at 402 New York
London was quoted at 401.1/4.
Market
Small and dull market but the Cora, Products tone was steady.
There were sellers at 1/3 Octo- Deere & Co.
12
Brooklyn-M'hattan Tran. B'klyn-M'hattan $6 cum pr Canadian Pacific R'way.... Case, J.Lo
Celanese
|Public Service of NJ.
401
Pullman.' Inc"
391
5*
Pure Ou
91
83
Radio Curpu ut Am.
B
281
Reading Company, Com
201
431
Reading Company, ist pid
271*
931
Remington Army Co., Inc.
•51*
89+
Republic Aviation Corp.
51
71
Republic Stee!
.28
82
Reynold Tobac. "5"
371
·471.
New York Cotton, Dec.
Richfield Onl
81
New York Rubber, Dec.
13
Safeway Stores
541
Chicago Whest, Dec.
851
70
Schenley Distiller.
14
Chicago Corn, Dec.,
50
311
Schenley, 54% pfd.
71
Winnipeg Wheat, Dec.
Consolidated 01:
21
Sears Roebuck
841
New York Hides, Dec.
14.87
Prev. To-day's Higb Low Close Close Change
0.16 9.05 9.08 9.14 .06 up 20,10 19.95 19.03 20:10a 17 up 841 341 851
up 49'i 401 50 † up
70 697
i off 14.34 14.67 14.89a .22 up
461
Continental Cab
Shell Union' Oll
147
271
Continental Of
Socony-Vacuum Oil
137
NEW YORK COTTON
Close
Opening
Closing
Change
631
Southern Pacific
18)
December
9.07/08
9.08/07
9.14/14
.08 up
8%
Curtiss Wright (C)
Southern Rly $5 ptd.
352
January
8.99 N
9.00/00
9.08 N
07 up
291
Curtiss Wright “A”.
Sperry
511
March
8,86/55
.. 8.85/86
8.95/95
.09 up
24
Spicer Manufacturing Co. 32)
May
8.72/72
$8.72/73
8.79/79
טצו 07.
ber and 1/2.31/32 November/Distillers Corpn. Seagrams January, buyers at 1/3.1/32 Cash Douglas Aircraft
15)
Standard Brands
6
July
-8.54/55
8.55/55
8.62/62
.07 up
86!
Stand Gas & Elec,
21
Spot
9.35 N
9.42 N
.07 up
and probably 1/3 November.
Da Pont de Nemours
1821
Standard Ol of California
2231
July (New contract)
... 8.73 N
8.76/76
8.82 N
.09 up
Eagle Picher. Lead
141
JF
Standard Ol of NJ-
481
NEW YORK RUBBER
U.S. 'Dollars
No business was reported. There
were sellers at 25.1/16 October and Elec. Bond & Share
Eaton Mfg. Co. Elec. Autolite
302
Stone & Webster
14
December
19.93/93
•20.01/01
403
Swift International
33
March
98
Shanghai Dollars
Shanghai Markot “
Opened at 308. Subsequently Gen. American Trans. there were sellers at 310. At 1 Gen. Electric p.m. sellers were quoted, at 300.
Gen. Motors
Gen Railway Signal
25 November, buyers at 25.1/8 gles. Bond & Share $5 pf. Cash and probably 25.1/16 Novem-lee. Bond & Share $6 pt. ber.
Elec, Power & light si pt. Flintkote
Technicolor
14)
60
May
Texas Corpn.
48
691
July
18.10b/152
18.65b/67a 18.75/75 18.28b/301 18.35/35 18.20/30
Tezes Gulf Bulphur
261
35
September
unquoted
20.00b/10a
.17 up 18.90/92 .25 up 18.53b/54a .14 18.30b/35a 20 “up anquoted
Trans-America Co.
61
221
20th Cent. FOL
Total sales for the day:-800 tons
151
581
| 20th Gent" Fox. $if pf. (...
241
CHICAGO WHEAT
421
Union Carbide & Carbon
90%
December
841/841 841/84
85/851
1 up
551
Union Pacific
103)
May
84/831
841/831
841/842
3 up
23
United Aircraft
-48
July
821/821
831/831
up
Opened with sellers at 4.25/32 General Tire & Rubber Co 25! and then gradually steadied up to Glidden Co. ...... 4.15/16 for Spot. US. Dollars Goodrich (B.F). opened with sellers at 8 for Spct.| Goodrich $5 pl and then gradually rose to 8.1/4 | Goodyear Tire & Co. for Spot.
United Airlines Trans.
121
19
United Corpn.
23
· · Tuesday's "sales:-13,129,000 bushels.
231
United Corpn. #3 cuni pf. 361
CHICAGO CORN
68
United Gas Corpn.
24
December
491/49
491/491
50/492
up
291
United Gas Improvement 137
May
521/52] 52/52:
522/521
Great Northern Iron Ore
191
US., Industrual Alcohol.
251
July
53/53
534/532
4
Great Northern Rly, pfa
321
US. Rubber
443
WINNIPEG WHEAT
Great Western Bugar.
311
U.B. Rubber $8 pid.
109
18:
October
¡UB. Steel
783
4
Sterling.
Hercules Powder Co. Homestake Mining International Harvester fat. Nickel
891
Deceber
Vanidium....
381
541
May
Walworth Co.
61*
65+
Warner Bros. Pict.
44
NEW YORK HIDES
411
Westinghouse Hec.
117)
December
5
Woodward Iron Cor.
29
March
81
ber..
Chase National Bank National City Bank
371*
June
291*
NY Silver, Official ́.
31
*-bid.
NY London Cross Rate 4.02
Afternoon - Market
The market was quiet in the Greyhound Corpo. afternoon.
The market closed with a small seller at 1/3 November and“ 1/2. 31/32 December/January, buyers at 1/3.1/32 Cash and 1/3 Decem-
..
U.S. Dollars
The market closed with, sellers
and
at 29.1/16 October and 25" Novem- ber, buyers at -35.1/8 Cash probably 25.1/18 November,
".
Shanghal Dollars
Closed with sellers at 297,
Shanghal Market
Sterling opened with sellers at 4.15/18 for Spot. Subsequently the rate rose to 54 and at the "close sellers were quoted at 4.83/84 for Spot.
Shanghai Exchange
Shanghai, Oct. 28 (Reuter),
UMCA TT. “Astes
London
New York
Japan
India
Opening
Int. Tel. & Tel. Johns Manville ..
J. & Laughlin Steel 7 pfd: 821 Kennecott Copper
t-ex. dir. DOW JONES AVERAGE
High Low Dow Jones Averages Oot. 24, High Low Close 158.99 121.44 20 Industrials +
1939
Oct. 26, 1938.
Changz
154.07
155.95 15398 155.48
1.41 ap
35.90 24.14 20 Baile
3457
87.07 90.71 20 Unlim
96.15
33.22 34.71 35.13 26.43 96.03 20.28
-66-up
99.12 88.51 40 Bonda
90.5%
60.53 45.50 31. Commodity Index 55.05
90.58 55.71 Bariness Done :—-1,680,000 shares
133 up .68 up
HK. Banks
"
HK. Electric
ELK. Electric
200
49.90
China Lights (0) Star Ferry
250.
10
7.60
United Paracale (... 3,000 Coco Grove SANG...
3,000
61.00 Ps. 0.26 Pa. 0.14 ...(two)
RESERVE BANK OF INDIA STATEMENT Calcutta, Oct. 25 (Reuter).
Oct. 13 Oct. 20 Notes In circulation (including Notes
0/4-1/4
7-1/8
30-1/4
23-1/2 3.11
beld in the "Bank» Ing Department)... 22,451 22,900 Rupee Coin and Bui-
18-1/4
Bellera
Opening Closing
©0/4-25/82 › 0/4-31/32 0/4-25/32 0/4-31/32 0/4-23/32 0/4-57/84 U.S. "Dollar
Paris Hongkong
Spot
Oct.
Nov.
Spot
$8
Oct.
8
+
ΝΟΥ,
7-27/32
$8-5/32- 8-5/16 8-5/32
Merchant Batények
Market:Qulet.
Sterling, 0/4-1/8, 1/
US. Dollars, $2-1/8,
Silver Duty - Rate :
The Central Bank of China's rate on Landori at 10 am, to-day was 1/2-1/2d, unchanged from yesterday.
The Equalisation rate was 20-3/4 per cent
lion in India Gold Coin and Bul-
lion in India ....... Becurities (British
"Government) Securities (Indian
Government).
SILVER IMPORTS PROHIBITED
LONDON, Oct 26 (Henter)— The Board of Trade has pro- hibited importation, except un-. der license of silver bullion and foreign sliver coins.
4154 SOVIET TIMBER FOR
RUBBER & TIN
INDO-CHINA
SILVER MARKET STEAM NAVIGATION COMPANY LTD,
LONDON, SILVER
Bold.
7.324, 7.274
London, Oct. 25 (Reuter). Silver-American trade 4,154
Speculators bought and sold Mar- ket quietly steady.. In the alter- noon, there were very small offers 3,735 3,734
LONDON, Oct 28 (Reuter)-In at the rate, but buyers were satis 8,950 1,450 the House of Commons yesterday, fed.
Calcutta Exchange
Calcutta, Oct. 25 (Reuter); TT. on Japan, 78-3/4.
India Rupee Paper
Bombay, Oct. 25 (Reuter). Govt. 31% Rupee, 85-02-0. New York Exchange
New York, Oct. 25 (Reuter). TT. on London (Opening Rate), 14.01-5/8.
Mr. R. A. Butler, Under-Secretary of State for Foreign Affairs, stated, in reply to a question, that the possibility of following up the re- cent agreement with Russia for the exchange of timber against rubber and tin, by further arrange. menta suitable to war onditions, way now under examination.
LONDON GOLD
4 London, Oct. 25 (Renter), Bar Gold, Fine per oz. 183.
Market closed dull,
8pot, 22-13/160.
Forward, 22-3/8d.
1
NEW YORK SILVER
New York, Oct. 25 (Reuter: Official Price, 36-1/4.
BOMBÁY SILVER Bombay, Oct, 25 (Reuter). Market Quiet, offtake 50 bars. :Indian" Mint Bilver
Ready
Nov. 4 Bettlement Dec. 5 Bettlement
59.00
54-02
59-05
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSÁKA
SINGAPORE,. PENANG and CALCUTTA
SANDAKAN
HAIPHONG
For further particulars
please apply to
JARDINE MATHESON TELEPHONE XOJIL G
TERAL MANAGER
70/70
697b
oft
718/717 713/714 761/781
'711/711- 761/761
off } off
14.65/67 14.80/80
14:90/91 15.20b/2a 36-1/2
15.10/07 15.35/35
14.85b/89a ,22 up 15.13/14 .23 up 15.48b/45a .23 up 38-1/4 4.01-1/4
WHEAT: The prospect of prolongation of European War has resulted in higher wheat prices. Exports were not encouraging. Continuance of drought conditions in South-west is now becoming an important market factor.
HIDES: Spots were active? Good shoe sales were reported. NEW YORK STOCKS: Previous close, 154.07; To-day's close, 155.48; Change, up 1.41.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
LONDON METALS
EXCHANGE
London, Oct 25 (Reuter). buyers " sellers
£
£
HONGKONG
SHAREBROKERS
ASSOCIATION
11 up Volume Of Business Tranzacted
on Thursday, Oct. 28, 1939.
2 $1,300.00 Standard, Casn 230 150 50.00 Standard,
TIN
unquoted
3 months 230
unquoted
Canton, Lumpur Shanghai
Dairen Malacca . Sungei
Foochow Manila Haipoong Muar Hamburg (Johore) Tientsin Bankow Makden Tokyo Harbin New York Tsingtao
Yokohama Hongker Peiping Iloilo
CURRENT
PRIPING
(Peking)
FOREIGN EXChange and General Banking Busineṁ transacted. .
CERBENT 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 ACCOUNTS also opened in Local Currency and Sterling 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 Care DEPOSIT qny of the Agencies and Branches. Born in various gires To LIT
R. A. CAMIDGE, Hong Kong, 25th September, 1938.
Janager.
HONGKONG SAVINGS
BANK
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
The Business of the above. Bankį is conducted by the HONGKUNG-) & SHANGHAI BANKING COR PORATION. Rules may be obtain-An ed on application.
For the HONGKUNG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb.. 1939.
Authorised Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Bhonson Chow, Chairman
Li Lan Bang, Esq... Wong Chu Son, Esq. Wong Yun Tong, Esq.” Kan Ying Po, Bag, Chan Ching Shok, 684. Fung Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tee Fong, Esq., Manager.
Branches and Agencies :—
Kowloo Frang Blogapor Faultaria London
Rangoon Sourabays Bombay Kanila
Swatow Bakron Calotta
Kobe
Melbourne Bios Feana Bednar Magninin
niaco Tintain New York Beattie Venocaver
Ser Polping
Every description of Banking and Exchange business transacted. Loans granted on approved securitia.
18, PINE STREST,
NEW YORK. 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 BANK, THE CHASE NATIONAL New Yoax, with Resources of over U.S.$5,900,000,000.
D. M. BIGGAR,
Second Fi Pria
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA AB AN. INTERNATIONAL EXCHANGE-
BANK PAID-UP CAPITAL $40,000,000:00 (BRANCHES ALL OVER CHIYA) Owing to our numerous Branebes 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.
Head Offer:-"SHANGHAI -
Hong Kong Branch:
4, QUEEN'S ROAD, C.. South China Offices:
CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposita re SEIUCHOW
rencies
оп
KONGMOON TOISHAN
KINGCHOW
ceived for one year or shorter We also handle the issue of Bonds" periods in Local and Foreign Cur and other Public Funds of the terms which will be Chines Government both at Home quoted on application.
and Abad. SAJE DEPOSIT Boxes To Lar.'
KAN TONG, PO,
Chief Manager.
SHOU J. CHEN,
Manager.
Bangkok Batavia Bombay"
Branches: Ipoh Johore
SA WNPORE
GABU
Penang Rangoon
COLOMBO
DKTRI
MEDAN
Kobe Kowlcon
Saigon
San
Calcutta Kuala
.. Francisco
HAIPHONG KAMBURG HANKOW
NEW YORK
ILOILO IPOR
SAIGON
REMBAN
BOMBAY
KARACHI
SHANGHAI
CALCUTTA
KLANO
SINGAPORE
AGENCIES: KORK
SITIAWAN
CLICK BEKET
KIALA
SOÚHALAYA
LUMPUR
TALPING
KUCHING
TIENTBIN
MADRAS
* TONGKAR
MANILA
(Bhuket) TSINGTAD TOKOBAMA
Chefoo London
Colomb Lyons
Singapore Sourabaya
Patani Swatow
༄།
n
BANK OF EAST ASIA, LIMITED
"Profts.
5,598,600.00
2,883,93%.01
up
€9
Li Koon Chen, Esq.
P. K. Kwok, Esq.
#alphong
Habow
Rosalala Party
Page 10Page 11