QUOTATION
Last Sale Nov. 4
་ཉན་
•NOVEMBER 5, 1939.
STOCKS
Last Sala
24
103
Lakey Foundry & Mac, ....
Nov. 4 41
43
Libbey-Owens-Ford
Glass
Lockheed Aircraft.
104*
331
Loew's Inc. **
353
Amer. Can
108
Mack Truck Inc."......
323
2
War Loan, 34% (Red
after 1052) Cantan-Kloon -Rly. 5%
American Cyanamid B
312
Manhattan Shirt Co.
Amer. & Foreign Power
911
21*
Martin, Glen L
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK NEW YORK STOCK EXCHANGE
EXCHANGE
(REUTER'S SERVICE)
Londen, Nov, 23.
STOCKS
The following quotations are the Adams Express ...
Alleghany Blee! Co. ........... Allled Stores
middle prices at the close of the market in London. All quotations are subject to edhfirmation and no responsibility is assumed for errors in transmission,
Allis Chalmer# ..... Aluminium Ltd Amerada Corp.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE “BUILDING HONGKONG
COMMODITY MARKET
REVIEW
..W
MONDAY, NOVEMBER 6,
1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Isaued & Fully Faid-Up 890,000,000 Incorporated by Royal Charter, 1869 Reserve Funds:"
H.K. Currency Reserva $10,000,000 Reserve Liability of Pro-
Sterling
"Reserve Liability of
Proprietors
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
..£3,000,000
prietors
£3,000,000
HEAD OFFICE:,, LONDON;
$90,000,000
431
14
Ameri & Foreign 7 pf....
261
McKesson & Robbins, pid, 17
-
American Gas & Mec
361
Monsanto Chemical
1084
SINGAPORE RUBBER
November 3
(FROM PAYNE & CO.)
New York, Nov. 4, 1939.
November 4
Chinese 41% Gold Loan
1898 (Brit. Issue)....... Chinese 5% Gold Bands,
1925-47.........
53
Amer, Locomotive
261
Montgomery Ward
547
buyers sellers
buyers
Amer. Metals Co.
261
National Aviation ......
142
SPOT
30-5/8
47
Amer. Radiator
104
at. Dairy Products
181
JAN./MARCH
35-1/8
Chin, 4% Anglo-French
Amer. Rolling Mill ......
197
Nat Distillers
24
APR./JUNE
34-5/8
37 35-1/2 34-3/4
sellers
change Up 3/8
Up 3/8
Up 1/3
Loan, 1908
45
Amer. S'ting and Ring Co.
541
National Gypsum
12
The market was steady.
Chinese 5% Crisp Loan,
Amer, Sugar Refining
244
National Lead ......
32+
1912
27
Amer. Tel. & Tel .....................
189
Nat. Power & Light
8
Chinese 5% Reorg. Loan.
1913 (Ldn. I) Chinese 8% Ster. Notes.
1925 (Vickers)
Amer. Tobacco *2*
81+
National Steel Corp.
A small
75
381
Amer. Waterworks
137
Nat Supply Corpn.
101
Anaconda Copper
341
New York Central
214
13
Atchison, T. & S. Fe.
301
Niagara Hudson Power
71.
Chin. Imperial Rly. 6%
∙Loan
Auburn Motors...
31t
N. American Aviation
28.
Honan Rly. 5%
Hukuang Rly. 5%, 1911...
949
50
'Baltimore & Ohio
71
North American Co. ........................
231
RUBBER: Some factory buying was evident. weakness in Sterling is a market factor.
The continued
COTTON; Continued general demand advanced prices easily and the market was strong technically.
amount of December liquidation was well absorbed. Sentiment was, more favourable on the belief that the existence of shipping difficulties is likely to en- courage the carrying of larger cotton reserves abroad,
Head Office:--HONG KONG.
Board of Directors: Hon. Mr. A. L. Shields,
"W. H. Lock, Esq.,
Chairman.
Deputy Chairman,
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, D. F. Landale, Esq., G. Miskin, Esq.,
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce, H. V. Wilkinson, Esq. Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.C.2. Sub-Agencies In London: 117/189, Leadenhall Street, EC3 West End Branch: 14/16, Cockapur Street, 8.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:
HARBIN
ALOK STAR AMRITEAS
BANGKOK
BATAVIA
SALAUTTA
PENANG
HONG SONG BANBOON
ILOILO IPOR
KARLOHI KLANG AGENCIES; HO CLATE STREET
PAKLIK PLACE KUALA
CANTON... CAWNPORE
LUMPUR KUCHING
MAD BAS MANILA
BAIGON
KEREMBAN
SHANGHAI
SINGAPORE
SITIAWAN
SOFRABATA
TAIPING
TIENTSIN
TONGEAM
(Bhuket)
LI
BOMBAY
Branches:
Amoy
Ipoh
Barber Asphalt Co
177
Northern Pacific
11
15
Barnsdall Of
15
Owens-Illinois Glass Co.
Batuang Rly. 5%, 1911
Bendix Aviation
321
Pacific Gas & Mec.
304
(German Issue)
Bethlehem Steel
881
Pacific Lighting
461
Lung Tsing & U. Hai Rly.
Bliss & Co......
18
Packard Motors
41
5% 1913
14
Boeing Airplane Co.
301
Paramount Pictures
61
B'hai-N'king Rly. 5%.....
16
Borg-Warner
267
Pennsylvanis R.R.
241
Tientsin-Pukow Rly. 5%
Biggs M'facturing
242
Phelps-Dodge
421
(Brit. Stpd.)
13
Brooklyn-M'hattan Trana
11.
Phillips Petroleum
434
Tientsin-Pukow Rly. 5%
Brooklyn-Manhattan $6
403"
Pittsburg Cake & Iron ....
101*
(German Stpd.)
13
Canadian Pacific R'way,
54
Public Service, of NJ.
401
Tientsin-Fukow Rly. 5%
Case J. I.
823
Pullman Inc.
37
(Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) Jap. 5% Ster, Loan, 1907 50
Jap. 6% Ster. Loan, 1924 54
Ger. 7% Intl. Lean, 1924 84 Chartered Bank
H.K. & S'hal Bank (Ldn.
Reg.)
13
Celanese
28
Pure Ol
81
Chesapeake & Ohta,
42
Radio Corpn. of Am,
61
HK. & S'hai Bank (Col.
Reg.)
Chinese. Eng. & Mining
(bearer)
Chosen Corporation
Pekin Syndicate ........ S'ha Elec, Constr. Co.
38ལ ོཚེ །
Chrysler Corpn
88
Reading Company, Com
181
Climax Molybdenum Co.
471
Reading Company, 1st pid
23*
Colts Patent Fire-Arms
871
Remington Arms Co., Inc.
New York Cotton, Dec. New York Rubber, Dec.
Columbia Gas & E.
71
Republic Aviation Corp. ...
7}
Chicago Wheat, Dec.
Columbia 6% “A”. Dr.
82
Republie Steel
281
Commercial Credit Co.
471
Reynold Tabac. ""
37
Chicago Corn, Dec.-. New York Hides, Dec.
821
1#"
Com, & Southern (ord)
Richfield OU
91
NEW YORK COTTON
Colmonwealth $6 cum, pid.
Safeway Stores
47
December
824
Consolidated Edison
314
Schenley Datillers
14.
January
Consolidated Oil
BL
Schenley Distillers $54 ptd.
March
Continental Car
444
Sears Roebuck
851
May
27
Continental Oll
Shell Union Ol
141
July
13/9
832
Corn Products
Socony-Vacuuma Ou
131
July (New Contract)
.5/8
123
Curtiss Wright (C.)
Southern Pacific
167
Spot
6'hal Waterwork: "A".
10
Curtiss Wright "A
31
Southern Rly $5 pfd.
328.
Union Insurance
19
-233
Deere & Co.
Sperry
497
NEW YORK RUBBER
Qula Kalimpong Rubber 18/14
161
Distillers Corpn. Seagrams
Spicer Manufacturing Co,
$2
December
Allied Ironfounders
15
85
Standard Brands
51
March
Douglas Aircraft .....
Asso. & Elec. Industries 40
1803
Stand Gas & Elec..
23"
May
Austin Motora, ord.
Du Pont de Nemours
16/3
134
Standard Oll of California
28
July
Cable & Wireless, New
Eagle Picher Lead
291
Eaton Mfg. Co.
Standard. Oil of N.J. A..
491
September
Form, ord.
481
38
Stone & Webster
13
Elec. Autolite
B.-A. Tob. (bearer)
90
Mercantile Bank
Blec. Bond & Share
Swift International
121
CHICAGO WHEAT
111
50*
Elez. Bond & Share $$ pt.
Technicolor
137
December
Cammell Laird, ord.
6/0
69*
Elec. Bond & Share $6 pt.
Texas Corpn.
477
May
Mexican Eagle
7/9
331
Elec. Power & Light 37 pr.
Texes Gulf Sulphur
35
July
Courtaulds
30
21+
Flintkote
Trans-America Oo.
19
Distillers
66/9
56
Dunlop Rubber
Food Machinery Corp.
20th Cent, Fax.
14
27/11
Gen. Electric (England)
75/3
Gen. American Trans. ......
20th Cent. Fox. $ił pt.
23
CHICAGO CORN
41
December
Guinness (A) Son & Co.
Gen. Electric
Union Carbide & Carbon
831
85
541
Hawker Siddeley Airc....
Gen. Motors
Union Pacifie
101
May
15
Bristol Aeroplane
Gen Railway Signal
221
United Aircraft
497
July
18/44
Imperial Chemical Ind., 30/3
Gen. Tire & Rubber
24
United Airlines Trans.
121
WINNIPEG WHEAT
191
Imperial Tobacco
Glidden Co........
United Corpn. ....
21
December
117/8
Marks & Spicer "A" ord. 50/7
Goodrich (B.F.)
211
United Corpn. $3 cam pl.
381
May
Rolls Royce ....
Goodrich-$5 pt.
67*
United Gas Corpa.......
21
July
96/3
Goodyear Tire & Co.
263
United Gas Improvement
141
NEW YORK HIDES
Leyland Motors
88/9
Tate & Lyle
Great Northerri Iron Ore
181
US., Industrial - Alcohol.
241
December
59
Turner & Newall
Great Northern Rly, pfd.
292
US. Rubber .........
414
March
75
Great Western Bugar
31
U.S. "Rubber $8 pid,
1104
June
United Steel
22/7/
Smethwick Drop Forg....
13/9
Greyhound Corpn.
18
U.S. Steel
75
NY Silver, Official
Armstrong Stevens, ord. 5/6
Hercules Powder Co.
83
Vanadium
37
NY/London Croes Rate 3.98-1/2
Homestake Mining
561
Walworth Co. insand
61
Pressed Steel, com......
14/74
Vickers, ord.
17/71)
International Harvester
621
Warner Bros. Pict.
48
Int. Nickel ........
401
Westinghouse Kec.
1144
Woolworths
Anglo-Dutch
60/11 28
Int. Tel & Tel..........
5
|
Woodward Iron Cor.
27#
Johns-Manville.
78
Chase National Bank
37%
Rub. Plant. Invest. Trust 31/9
Burma Corporation .......
9/6
J. & Laughlin Steel $7 pid. 751* Kennecott Copper
National City Bank
291*
41
Commonwealth Mining...
Bills Bought
Maraman Investments... 12/8
-bid.
1—ex. div.
US. Securities held
Randfontein Estates
38/3
Western Holdings
11/9
DOW JONES AVERAGE
Sub-Nigel «-
205
1939
Tanami Gold Mining..
3d
High Low Dow Jones Average
Anglo-Iranian
60
155.92 121.44 20 Industrials
Burmah
63/9
35.90 24.1490 Raile
97.07 20.70 20 Utilitie
34 12 25.99
Shell Trans, & Trad
32.23 84.51 .40 Bonda
90.44
(bearer)
88/101
60.53 45.59 11 Commodity Index 65,88
Nov. 5, 1939. Nov. 3, High "Low Close Changs 15964 153.47 151.87 153.36 .29 off 84.28 33.79, 33.84 .28 of 26.18 25.99 .26.01
90,49 55.89
Federal Reserve Ratio
Federal Reserve Credit Outstanding
Monetary Gold Stock
Industrial Advance
,0% up .06 up
Nov.
Dec.
.18 off
Nominal
Epot
Nov.
MONEY AND EXCHANGE
CLOSING QUOTATIONS On Bangkok:-
NOVEMBER 4.
On London:-
1939
Telegraphic Tranates. 1/2 7/8 Bank Bills, on demand!/% 7/8 Credits 4 months' sight 1/3 1/4
On Shanghai-
On demand
On Singapore:-
On demand.
On "Japan:-
.. On demand
On India:-
270
On demand Eterling Notes:-
Bank Buying Rate Bar Bilver per oz.
Market Report
Business Done:-1,240,000 sharps
U.S. Dollars
There were sellers at 247/8 November and probably 24.13/16 December, buyers at 25 Cash and 149 1/8 24.15/16 December.
1/3 7/8
·23·1/16
At. the
FROM ROZA BROS. Saturday, Nov. 4. 52 3/4
The price for Ready aliver was unchanged yesterday, but the For 114 1/9 ward rate dropped 1/18 to 23.
Suver advices reported the market|
J
Telegraphic Transfer: 82 38 and demand
On New York:-
Bank Bills, on demand 2411/16 Credits, 50 days' "right 25 1/2
On Batavia-
On demand
On Paris-
Shanghai Dollars
opening
there
Dec.
U.S. Dollars
$8-7/8
8-1/4 8-27/32 9-7/32 8-23/32 9-3/32
Market: Firm.
Merchant Rates Sterling, 0/5-17/32,
US Dollars, $9-3/16,
Silver Duty Bate
New York Tsingtao
-Yokohams
MILAN
NEW YORK PRIPING
(Peking)
TSINGTAO YOKOHAMA
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 ACCOUNTS also opened in Local Currency and Sterling, with interest allowed at rates obtainable
JURRENT ACCOUNTS opened in on application." LOCAL CUREENCY and FIXED DEPOSITA
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.
Azao up to date SATY DEPOSIT Boxes in various sizes To LET Hong Kong, 25th September, "1939.
5
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG. & SHANGHAI BANKING COR. FORATION. Bules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 25th Feb., 1938. ·
BANK OF EAST ASIA, LIMITED
Authorised Capital.
Paid-Up Capital
.$10,000,000.00 5,598,600.00
$,883,939.01
Head Office:--HONG KONG No. 30 Des Voeux Road, Central.
Board of Directors:
Sir Shomson Chow, Chairman'
Li Koon Chun, Esq. Li Lan Sang, Esq. P: K. Kwok, Esq. Wong Chu Son, Esq.
Wong Inn Tong, Esq. Kan Ting To, Kaq.
terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
It.
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 CHASE NATIONAL BANK, New York, with Resources of over U.S.$1,900,000,000,
D. M. BIGGAB,
Second Fice Pres
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
Chan Ching Shok, Boy, Fang Ping Wah EsqPAID-UP CAPITAL" 840,000,000.00
Kan Tong Po, Esq., Chief Manager, Li Tu Bong, Esq., Manager.
Peiping
Blogsparo
Sonradan BLOW
Sydney alace Tintin
Semarang
Shangha
Vancouver
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
(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 facilities for Domestic and Foreign Banking "and" Exchange.
Head Office:---SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, 'C. South China Offices:
CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one year or shorter
periods in Local and Foreign Cur reacies
on
-KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds
terms which will be and other Public Funds of the quoted on application.
Chines Government both at Home and Abroad.
SHOU J. CHEN,
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
The Central Bank of China's were
TO-
sellers at 276 and towards the rate on London at 10 am, to-day Operating Services for Cargo and Passengers
was 1/2-1/24, unchanged from yesterday.
The Equalisation rate was 22 per cent,
close sellers were quoted at 270. Shanghai Market
Sterling opened with sellers at close sellers were quoted at 5.17 5.11/32 for Spot and towards the 32 for Spot....
as being quiet with a small busi- Shanghai Exchange
ness done. American Silver was quoted at 34.3/4 for Spot.
The London/New York cross- rate was quoted at 402. New York! London was quoted at 398.1/2.
i
15,3/4
... Chill
Market
Sterling
Bank Bills, on demand 1099
Credits 4 months' sight 1145
Un Baigen
On demand
Du Manfla:—PME
On demand
100
43.3/8
There were sellers at 1/3 Cash and 1/2.31/32 November-fanuary, buyers at 1/3.1/32. Cash and 1/3 December.
Shanghai, Nov. 4 (Reuter),
Official T.T. Rates
London New York Japan
Tadia
Paris Hongkong
Spot
*
New York Exchange
New York, Nov, 4 (Reuter). TT, on London (Opening Rate). 3.98-1/4.
SILVER MARKET
BOMBAY SILVER Bombay, Nov. 4 (Reuter). Market-Steady Ontake 10 bars,
Opening .0/4-1/2.
7-7/16
31-7/8
24-7/8
3.30.
29-7/8,
Sellers
Dec. 5 Settlement
Opening Closing 0/5-11/32 0/5-37/64.
Ready
Indian Mint Silver
Jan. 6 Bettlement
60-15
81.03 61-07
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
For further particulars.
please apply to
JARDINE MATHESON&Co.,Ltd. TELEPHONE 30JII - GENERAL MANAGERS
WHEAT. Unfavourable weather news continued, but there was new incentive to stimulate any follow-up buying on advances, The ex- port market was quiet
Bangkok
Johore
no
Penang Rangoon
Batavia
Kobe
CMV COLOMBO DELHI
Saigon..
Bambay
Kowloon
San
Calcutta
Kuala
Francisco
NEW YORK STOCKS: Previous close, 15264; Today's close. 152.36; Change, Off 28
Canton
Lumpur Shanghai
HAIPHONG HAMBURG": HANKOW
Chefoo
London
Colombo
Lyons
Singapore Sourabaya
Foochow Manila
NEW YORK COMMODITY MARKET
Dairen Malacca Sungei
Haiphong Muar *Swatow
Patani
Hamburg
(By Courtesy of Messrs. Swati, Culbertson & Fritz and S, E. Levy & Company).
Bankow
(Jobore) Tientsin Mukden
Tokyo
Harbin
Prev. To-day's
Hongkew Peiping - Iloilo
Close
Opening
High Low Clase Close Change
9.19
9.15 9.12 9,16 20.34 20.20 30.18 20.20 88-1/4 87-3/8-87-3/8 87 3/8 51-1/8 50-1/8 30-7/8 50-1/4 14.25 14.10 14.11 N 14.125
Closing"
.04 up
.0% up.
unch,
5/86ff. .01 up Change
9.12/12
9.15/16
9.16/18
.14 up
9.07 N
9.09b
9.12 N
.05' up
8.97/97
9,00/00
9.02/04
.05. up
8.85/86
8.92/91
8.95/95
.09 up
8.69/69
8.77/76
8,79/80
.10 up
8.39 N
unquoted
8.99 N
קני 10.
9.37 N
9.41 N
.04
up
20.18718
18.78/78
18.41b/48a
20.16b/35a 20.20/20 18.78/76 18.35b/48a
.02 up
18.75/75
.03 off
18.39b/43a
02' off
18.15/15
18.15b
unquoted
18.10 N unquoted,
.05 off
Total sales for the day:-220 tons.
873/87) 872/872
871/871
887/86/
87/871
854/851
857/857
861/867 851/854
unch. 0-1/8 off 0-1/8 off
Friday's sales:-22,842,000 Bushels.
871/871
507/61
501/501
0-5/8 of
867/861
532/537
531/53
0-5/8 of
Reserve and Undivided
Profits
540/541
*537/532
0-5/8 off
70b
70/701
701/701
75-1/88
751/751 76/2762
20-1/8 up unch.
14.11..N
14.25/25
14.42/45
14.52/49
14.70/70 14.80)81 34-3/4
14.12b/25a 14.40/42 14.7474 unquoted 3.98-1/4
01 up .02.off .04 up
FEDERAL RESERVE SYSTEM.
New York, Nov. 2 (Reuter).
Oct. 27
(000's
Branches and Agencias :---
Amay
Kowloos
Fensor
Bateria
Looden
Rangoon
Bombay
Manila
Ralgon
Quinetia
Malboroc
Ba Fran
Halphong Kagimaka
New York
Beattie
Oct. 26
1,000
2,564,000
83.24%
2,580.000
omitted) 1,000 3,736,000 85.60% 2,771,000 14.051,000 17,039,000 15,338,000 11,763,000
Nov. 2
$
1,000 2,785,000 85.09%
Honelalu
Paris
Kobe
17,089,000 11,880,000
Hackerw
0/5-21/64 0/5-9/16 0/5-17/84 0/5-1/2
Calcutta Exchange
Calcutta, Nov. 4 (Reuter). T.T. on Japan, 79.
Page 10Page 11