PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
OCTOBER 31, 1939
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand1/2 7/8 Credits 4 mords' sight 1/3 1/4
On Shanghai:-
On demand
On Singapore:-
5.8.
and demand
On demand
On Paris:-.
Bank Bills, on demand 1000
rose
The London / New
NEW YORK STOCK EXCHANGE
QUOTATION
281-
#
ון
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
COTTON: The market is steadily working into a strong artif-
domestic cial statistical position. The estimated
consumption 8,000,000 bales and free supply exports of 4,300,000 bales would eastly and approximately absorb the prospective 1939 crop together with the stock of 'free' cotton on August 1 of 2,084,000 bales. Near positions were "Arm under the Influence of the strength of Spots. Hedging was light.
་
WEDNESDAY, NOVEMBER 1; 1939.
BANKS
'HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital....... 850,000,000
INDIA, AUSTRALIA AND CHINA
Isated & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1855
Paid-Up Capital £8,800,000 Reserve Fund
Reserve Funds:
Sterling H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
Proprietors
$20,000,000
Head Office:-HONG KONG
Chairman.
Deputy Chairman.
J. K. Bousfeld, Esq., A. H. Compton, Esq. Hon. Mr. S. H. Dodwell, D. F. Landale, Esq., f. Miskin, Esq.,
....£3,000,000
£9,000,000
£3,000,000
HEAD OFFICE: LONDON:
34, Bishopagate E.01 Sub-Agencies In London: 117/122, Leadenhall Street, E.C.L West End Branch:
14/18, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
ALOE STAR HARRIN AMRITHAR
BANGIOK
BATAVIA
BOMBAY
་
AGENCIES:
HONG KONG ILOILO
(POR
KARACHI
XOM
GALOUTTA KLANG ||
OLTA BERET KUALA FAIRINA PLACE CANTON
E. 9. Morrison, Esq..
Hoa. Mn T. E. Pearce,
H. V. Wilkinson, Esq.
of
Sir Vaudeleur M. Grayburn,
Chief Manager.
AMDY
Branches: Ipoh Penang Bangkok Johore Rangoon Batavia Kobe Saigon Bombay
San Kowloon
CAWEPORT
LUMPUR KUCHING
MADRAS
CREU
MANILA
COLOMBO DİLMİ HAIPHONG HAMBURG
MEDAN
Calcutta Kuala
Francisco
Canton Chefoo
Lumpur Shanghai
London
Colomb Lyons
RUBBER: The market was quiet but steady, Commission houses bought and dealers stood by. Sentiment was mixed with regard to the domestic supply situation. Small factory Interest was noted.
WHEAT: The market eased on lack of follow-up buying in spite of continued drought reports from the South-west. The threat of Canadian exports is a restraining factor.
HIDES: The record low in the visible supply failed to stimulate the market. A fair amount of hedging was in evidence.
NEW YORK STOCKS: Previous close, 153.12: To-day's" `close. 153.21; Change, off .09.
NEW YORK COMMODITY
MARKET
(By Courtesy of Messra, Swan, Culbertson & Fritz" and S, E. Levy & Company)
41
Singapore Sourabaya
Dairen Malacon Sungei Foochow Manila.. Patani Haippong Muar Swatow Hamburg (Johore) Tientsia
Tokyo
Bankow Mukden
Harbin
Hongke
Iloilo
New York Tsingtao
Yokohama
Peiping
ANKOW
NEW YORK PEIPING
(Peking)
PEMANO
RANGOON SAIGON
BERENBAN SHANGHAI
SINGAPORE SITIAWAN
SOVRAMAYA TAIPING TIENTS IN
TONGKAR
(Bhukać)
TRENOTA O
TOKOHAMA
FORSION EXchange and General Banking Business transacted.
CURRENT A000¤œers opened and FIXED DEPOSITs received for Ons 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 Starling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTE opened in LOCAL CURRENCY and FIXED DEPOSITS The Bank's Head Oos 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
ALBO up to date Sara Derosit any of the Agencies and Branches. Rors, in various sites To Ler
R. A. CAMIDGE, Hong Kong, 25th September, 1939.
Manager.
STOCKS
Last Bale
Oct. 30
OCT. 31, 1939 STOCKS
Adams Express ................
91
Alleghany Steel Co.
241
Lakey Foundry & Mac..
Allied Stores
Libbey-Owens-Ford
Laut Sala Oct. 30
31 524
Allis Chalmers
Aluminium Ltd
43 981
Lockheed Aircraft ...........
32
[Loew's Inc.
381
Amerada Corps.
Manhattan Shirt Co.
Amer. Can
109*
27%
Martin, Glen
-
401
American Cyanamid B
33
McKesson, Robbins
On demand
62 3/4
Amer. & Foreign Power
21
Monsanto Chemical
i
Ameri & Foreign #7. pi....
281
On Japan:-
Montgomery Ward
56
On demand
105
American Cas & Elec
361
Fat. Dairy Products
131
On India
Amer, Locomotive
23
|National AvISION
181
SINGAPORE RUBBER
October 28 buyers sellers
Telegraphic Transter.
Amer. Metals Co.
271
Nat, Distlilera
8 3/8
241
SPOT
36-1/8
Amer. Radiator
101
National Gypsum
On New York:-
Amer. Rolling Mul
201
JAN.-MARCH
34-5/8
|Nations] Load .....
Bank Bills, on demand 94 3/4 Credits, 60 days' sight 95-6/8
Amer. S'ting and R'ing Co.
551
APRIL-JUNE
34
New York, October 30,
October 30 buyers sellers
36 34-1/2 34
Board of Directors: Hou. Mr. A. L Shields,
W. El. Lock, Esq.,
change
off 1/8 of 1/8 unch,
Mack Truck Inc.
311
Amer. Sugar Ring
Nat. Power & Light
The market was quiet,
Un Batavia ---
Amer, Tol. as Tel. sonce
1673
National Steel Corp.
751
45 3/4
Amer, Tobacco “***
Amer. Waterworks
83 131
Nat. Bupply Corpn.
11)
New York Central
22
Anaconda Copper
331
| Niagara Hudson Power
8
Cred's 4 months' sight 1145
Atchison, T. & 8. Fe.
315
N. American Aviation
277
On Saigon ---
Auburn Motors'..
3
North American Co.
231
On demand ......
108
Baltimore & Ohio
71
Northern Faclic
118
Da Manila:-
Barber Asphalt Co
171*
Owens-Blinois Glass Co.
652
On demand
49 2/1.
Barnsdall Of
14
Pacific Gas & Elec.
311
On Bangkok -
Gendix Aviation
321
Pacific Lighting
18.
On demand
149
1/2
Bethlehem Steel
907
Packard Motors
Sterling Notes:--
Bites & Co
171
Paramount Pictures
?
Bank Buying Rabe
... 1/4
Boeing Airplane Co.
291
Pennsylvania R.R
251
Bar Silver per os.
93 7/16
Borg-Warner
27
Phelps-Dodge
412
Biggs M'facturing
25
Phillips Petroleum
431
Market Report
111
Brooklyn-M'hattan
TraDME.
Pittsburg Coke & Iron
101*
B'klyn-M'hattan $8 cum pí.
Public Service of NJ.
40
Sliver prices
yesterday to
Canadian Pacific R'way. Sase, J.L
5+
Pullman Inc.
37
Pure Oll
'9
Radio Corpn. of Am. ..... ...
.51
423
Reading Company, Com
191*
91
Reading Company, lat pid
BS!*
253*
Remington Arms Co., Inc. Republic" Aviation Corp. ...
51*
51
823 Republic Steel
27
Prey. To-day's High Low Close Close Change
43
| Glimax-Molybdenum Co.
Commercial
Reynold Tobaċ. "3"
374
47
New York Cotton, Dec.
9.15
Richfield Ott
York cross-
11
Commonwealth & 8. (ord.)
Safeway Stores
New York Rubber, Dec.
19.95
451
Schenley Distillers
Chicago Wheat, Dec.
87 851
9.11 9.10 9.14 .04 up 19.83 19.70 19.95a 25 up
86% 861
141
311
Chicago Corn, Dec.
501
501
501
501
Consolidated Edison
Schenley. 54% plu
Consolidated Oli
81
Winnipeg Wheat, Dec.
701b 60+
off + up 1 off
Sears Roebuck
841
New York Hides. Dec,
14.30 14.02
14.25 14.13
07 off
Continental Can
Shell Union Of
147
Continental Oll
271
Socony-Vacuum cu
137
NEW YORK COTTON
Corn Products
1/3
De-
Curtiss Wright"(C.)
91
Southern Pacific
171
December
Close
9.10/10
294
Southern Rly $5 pfd.
31
January
9.05 N ..
Opening 9.12/412 9.06/08
Closing
Change
9.13/14
· 9.09 N
Deere & Co.
231
Sperry
49
-March-
8.96/95-
-8.96/96-
-8.99/99
stillers Corpn. Seagrama
171
| Spicer Manufacturing Co.
32*
May
8.85/85
8.88/86
8.89/89
04 up- .04 up
Douglas Alrcraft
831
Standard Brands
6
July
8.70/71
8.71/71
8.73/75
.04 up
Du Pont de Nemours
1811
Stand Gas'& Elec.
21
July (New contract)
8.90/90
8.90/90
8.94 N
.04 up
· 134
Standard Oil of Califomia
Spot
8.31 N
9:34 N
.03 up
291
Standard Oil of NJ.
NEW YORK RUBBER
38
Stone & Webster
131
December
19.85b/70a
91
Swift International
33
March
18.55/55
Technicolor
141
May
18.255/308
18.30b/60
691.
Texas Corpn.
461
July
18,055/108
341
rexes Gulf Sulphur
361
September
18.09b
19.96b/20.208 19.90b/95a 25 up 18.75/75 18.72b/758 20 up 18.40b/45a .15 up 18.20b/25a .15 up unquoted
Trana-America Co.
6
58
20th Cent. Fox,
15
414
20th Cent. Fox slj pf.
234
CHICAGO WHEAT December
--
858/851 884/881
86/861
+off
511
Union Carbide & Carbon
89
May
86/851
86/861
221*
Union Pacide .....
1024
July
841/841
851/85 841/84 €
off
off
United Aircraft
469
United Airlines Trans.
127
19
'CHICAGO CORN
214
United Corpa.
27
68*
United Corpri. $3 cum p. 367
December
501/301 50/50
50/501
231
United Gas Corpa.
21
May
521/523 523/521
527/53
132
United Gas Improvement
141
July
531/535
533/532
Great Northern Rly, pfda.
301
U.S., Industrual Alcohol·
26
WINNIPEG WHEAT
Great Western Bugar
301
US. Rubber
421
October
701b
Greyhound Corpn.
171
U8. Rubber 18 pid.
109
December.
877
UB. Steel
751
May
711/712 711/711 781/761
091/691 70/70 758b
1 off
1 off
1 off
Vanadium
381
Homestake Mining International Harvester Int. Nickel
551
NEW YORK HIDES
Walworth' Co.
61*
634
December
14.25b
Warner Bros. Pict.
#1
401
March
51
Westinghouse Mec.
116+
June
14.30/25 14.54/54 14.35b/41a 14.78b/801 14.84/54
14.18/18 14.41/41 14.700/73a
07 off
13
of
Amo)
Etia
07 off
Bombay
Woodward Iron Cor.
28
NY Silver Official
unquoted
34-3/4"
Olettin
1:
7. & Laughlin Steel 7 pfd. righ Kennecott Copper
Chase National Bank ...............
371*
3.99-1/2
Haiphong Elanco Bonolulu
391,
National City Bank
291+
Kobe
• bid.
tex. div.
3443
96.12
90 44
A
Oct. 31, 1929, Oct. 28, High Low Close 153 12 163.60 152.89 153.21 34.66-34.15 31,38 26.16 25.92 · 26.07 90.97 $8.10 Business Done :-840,000 shares
Ubangz .00 up ..05 off ,06 off .17 of
There
Market
Sterling
Shanghai Dollars
quoted at 293.
Shanghai Market
1 Slee, Autolite
Elec. Bond & Share
FROM ROZA' BROS.'
the extent of 1/18 for Ready and 5/16 for Forward. the quotations being 23.7/18 and 29.3/18 respec- tively. Alver advices
Celanese
Chesapeake & Ohtu Chrysler Corpn
reported Colts Patent Fire-Arms
some bear covering. Offerings Columble Gas & El. were small. The market was qu'et Columbia 6% "A" pí. but steady. American Silver was quoted at $4.3/4 for Spot.
rate was quoted at 40%. New York/Cwealth & B, 6% cum pt. London was quoted at 199.1/2.
Quiet, nothing doing:
were sellers at November and 1/2.31/32
cember/January, buyers at 1.31432 Curtiss Wright_"8"
Cash and 1/3 December.
U.S. Dollars
Sellers, at 84.15/16 November,
and 24,7/8 December, buyers at Eagle Picher Lead 25.1/18 Cash, 5 November and Eaton Mfg. Co 24.15/16 December.
Opened with sellers at 278 and Elec. Bond & Share .35 pl. towards the close sellers were Elec. Bond & Share $8 pt. Elec. Power & Light $7 pt. Flintkote
Opened steady with sellers at Gen. American" Trans.
5.1/4. Subsequently the rate rose
to 5.9/32 for Spot. Then the mar-
ket eased off and towards the
Gen. MotoIS
Gen. Railway Signal
close there were sellers at 5d for General Tire & Rubber Co Spot. U.S. "Dollars opened with Glidden Co.
"the close there were sellers at Great Northern Iron Ore
8.5/16 for Bpot.
The market was quiet in the Hercules Powder Co.
afternoon.
The market closed with sellers
at 1/3 November and 1/231/32 tnt. Tel. & Tel. December/January, buyers at 1/3.Johns Manville 1/32 Cash and 1/3 December.
V.S. Dollars
There were sellers at 24.15/16 November and M7/8 December, buyers at 25.1/16 Custi and 25 November.
Shanghal Dollars
Sellers at 21.
Shanghai Market
Sterling opened with sellers at 4.83/84 and closed with sailors et 51/16 for Epot.
Shanghai Exchange
1939
** DOW JONES 'AVERAGI ̈
High Low Dow Jonne Averagre - 155.99 181.44 20 Industrials
35.90 34.14: 20 Baile
17.07 20.71 0 Utilites 22.29 88.51 40 Bonds
60.53 45.69 11 Commodity Index 65.23
den. Electric ".,
Goodrich (B.T.)
sellers at 8.3/4. The rite
then
rose to 8.25/31 for Spot. Towards
Goodrich $5 p Goodyear Tire & Co.
Afternoon Market
Sterling
Shanghai, Oct. 31 (Reuter).
Official T.T. Hatos
21
Opening
London
.0/4-1/2
New York
T-7/18
Japan'
31-7/8
India...
Paria Hongkong
24-7/8
3.30 1
29-7/8
Sellers
Opening
Closing
Spot, 23-7/184.
...Oct.
Nor,'
...Oct.
0/6-7/32 0/5
Total sales for the day:---290 tons
Saturday's sales:-18,087,000 bushels
NY-London Cross Rate 3.99-1/2
COAL PRODUCTION
INCREASE
31 (Reuter)- LONDON, Och Seventeen coal-pits in England
04. up
.04 up
||
FISH SHORTAGE ®
IN GERMANY
LONDON.
Oct. 31
999 635 599
(Reuter)-
have re-opened and coal produc- The likelihood of a shortage of tion has now increased by 300,000 fish in Germany may be measured tons a week.
ny the fact that the normal North
It is hoped that production will Sea catch la 300,000 tons per an 123 off shortly total 270,000,000 tons
LONDON METALS
EXCHANGE
London, Oct. 30 (Reuter). buyers sellers
*jnum, against the Baltic catch
30.000 tons.
of
HONGKONG SAVINGS
BANK
The Business of the above Bank 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
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
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 CHARE NATIONAL BANK, New York, with Resources of over U.8.$2,900,000,000.
Authorised Capital...........1818,000,000.00 - Paid-Up Capital .................... 5,508,500.00 ( Beserve and Undivided
Profits....... 9,683,932.01
Head Ofce:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Blouson, Chow, Chairman
Li Koon Chan, Esq. Li Lan Sang, Eag P. K. Kwok. Esq. Wong Cha Ben, Esq.
Wong Tan Tong, Eaq. Kan Yingʻlo. Kaz. Chan Ching Shok, Esq. Fung Ping Wah Eng
Kan Tong Po, Esq., Chief Manager. Li Tae.. Fong, Esq., Manager.
ཝཱ
Branches and Agencias:—
Kowloos Frank Singapore London Kangoon Boursdays
Bagon Mwałow Malhomene Kan Brea- Bydanny Kagutaka
VLOGYI
How York Beattie
Pari Priplag
SCIATED Shanghaf
D. M. BIGGAR,
Second Vico Pras
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
シ
OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00
· (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 to our Clients special facilitles for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI * Hong Kong Branch: 4; QUEEN'S ROAD, G. South China Offices:
Every description of Banking and Erchange business transacted. Lowas granted on approved 'securities.
Current Accounts opened in Locs! Currency and Fixed Deposita že- ceived for one year or shorter periods in Local and Foreign Cur- CANTON rancies on tarms which will be gWATOW quoted on application.
SHIUCHOW SAFE DEPOSIT Boxes To Lett.
KAN TONG PO,
Chief Manager.
VNIHD-OⱭNI
KONGMOON TOISHAN
KINGOHOW We also handle the issue of Bonds, and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
0/5-1/40/5-1/32
U.S. Dollars
#3-3/4 $8-3/8
Nov....... 8-21/32 8-5/16
Market:--Quiet.
Sterling, 0/1-15/16,
U.S. Dollars, $8-3/16.
Silver Duty Bate
The Central Bank of China's | rate on London at 10 ain, to-day was 1/2-1/2d, unchanged
yesterday.
from
The Equalisation rate was 243 per cent,
New York Exchange
New York, Oct 30 (Heuter). TT on Londen (Opening Rate). .99-3/4
SILVER MARKET
LONDON SILVER London, Oct. 30 (Reuter). Silver-Bears covered; Offerings small Market quietly steady, In the
Was afternoon, the market quietly steady, with very smali business at the rate.
Forward, 23-3/164.
NEW YORK SILVER, New York, Oct 30 (Reuter). Official Price, 34-3/4.
BOMBAY SILVER. Bombay, Oct. 30 (Reuter).. Market-Quiet. Oftake 10 bars. Indian Mint Silver
Ready Nov. 4 Bettlement Dec, 5 Settlement
Calcutta Exchange
60-05 60-05 08-09
Calcutta, Oct. 30 ́(Reuter).
TT, on Japan, 79:
India Rupee Paper
Bombay, Oct. 30 (Reuter), Govt, 31% Rupee, 58-02-0,
TIN
Standard, Cas 230
Standard,
3 months 230
urquoted
unqucted
UNEMPLOYMENT IN GERMANY LONDON, Oct 31 (Reuter)— Unemployment in Germany has jumped from a few thousand, to more than a million, according to a neutral observer, it is be Heved, due in part to the closing of textile and shoe factories, the | former due to lack of raw material.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume Of Busfutes Transacted
on Tuesday, Oct. 31, 1939.
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN,
·KOBE and OSAKA
SINGAPORE, PENANG and ÇALCUTTA SANDAKAN
HAIPHONG
For further particulars
plonso apply t
JARDINE MATHESON&Co.,Ln
HK. Docks 100 $18.50TELEPHONE SOJILL GENERAL MANAGERS
HK. Telephones (0)
50 20.50
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcos-15, Gracechurch Bérest, London, EC3
Affhoriaad Capital
Subscribed Opismi... Pador Capital
£2,000,000
£1,800,000
2x352,770
Ressere Fund and East,
BANKERS:
The Bank of England and: Midiand
Bank, Ltd. BRANCHES:
Kozia Trenggan
New York Panang Badood
Bhanghal
Fadna Korian Landy
Madnes
Baighok
ipoli
Borably!
Odigita
Delebr
Delhi
Karachi Kota Bharu
Hongkong
Kuala Lipin
Hils
· Esala · Lumpur
Galle
Howick
agg
HONG KONG BRANCH:
Erity, description of Banking sod*Wreknage Kasidood":transitod.
Tomtellară Cheque "leezed,
"PRUBFEE" "AND EXECUTORSHIP
UNDERTAKEN BA QUERAIT LOOOUNTS maned in Local Car DEMY MUSFEED-DEPOSITS Team in Loosi Curruncy, #NEBLING & V. 8. DOLLARS ON DRESS Start nik 7 Weʻkasmatand ou npplication.
··· ̈D. BENSON.
"
JI
Page 10Page 11
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