Last Sale
Nov. 6
盛
23
101
Libbey-Owens-Ford
42
Lockheed Aircraft
Aluminium Ltd Amerada Corp.
104
Loew's Inc.
Amer. Can
107
Mack Truck Inc.
A
War Loan, 31% (ed
after 1952)
41
American Cyanamid ̈B
311
Amer. & Foreign Power
24
Martin, Glen
23
921
Canton-Koon Rly. 5%
15
Ameri & Foreign #7 pi....
26
American Gas & Elec
Monsanto Chemical
371
Chinese 41% Gold Loan
Amer. Locomotive
251
1898 (Brit. Issue)......
55
Chinese 5% Gold Bonds,
Amer. Metals Co.
261
15%
SPOT
1925-47
50
Amer. Radiator
101
241
Chin, 41% Anglo-French
Amer. Rolling Mil
101
Loan, 1908
45
Amer. Sting and Ring Co.
JAN.-MARCH
APRIL-JUNE
531
221
Chinese 5% Crisp Loan,
Amer, Sugar "Refining
24
1912
27
Amer. Tel & Tel
169
Amer. Tobacco "B"
BI
National Steel Corp.
743
Chinese 5% Reorg. Loan,
1913 (Ldn. Is.)
39
Amer. Waterworks
∙12)
Nat Supply Corpo.
104
Anaconda Copper
331
New York Central......
201
Chinese 8% Ster. Notes,
Atchison. T. & S. Fe.
293
Niagara Hudson Power
71
PAGE 10—HONGKÒNG DAILY PRESS
FINANCE & GENERAL
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, November 6.
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express, weeken The following quotations are the middle prices at the close of the Alleghany Steel Co.
market in London. All quotations
ro subject to confirmation and
no responsibility is assumed för errors in transmission,
Allled Stores
| Allis Chalmar
QUOTATION
NOV, 7, 1998
STOCKS
Last Sale
Nov. 8
402
Kennecott Copper
Lakey Foundry & Mac..
Glass
Manhattan Shirt Co,
McKesson & Robbins, pfd,
Montgomery Ward
National Aviation
at. Dairy Products Nat. Distillers
National Gypsum
National Lead
Nat. Power & Light
521
35)
31A
¤ * * × 8 ¤ | 5 | 6 * * £ 7 ¤ ̃ ~
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET
REVIEW
(FROM PAYNE & CO.)
1081
SINGAPORE RUBBER
542
November 4 buyers sellers
sellers
New York, Nov. 6, 1939.
November 6 buyers
37
35-1/2 34-3/4
36-3/4
change of 1/4
35-1/4
of 1/4
84-1/2
off 1/4
WEDNESDAY, NOVEMBER 8, 1939.
BANKS
HONGKONG- & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..... $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1853
Reserve Liability of
Proprietors
$90,000,000
Reserve Funds:
...£3,000,000 Sterling
...£3,000,000 H.E. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors
.£3,000,000 HEAD OFFICE: LONDON:
Paid-Up Capital £6,500,000 Reserva Fund
HALGON
BEREMBAN
SHANGHAI›
BINGAPORE
15
SITIAWAN SOURABAYA TAIPING
1925 (Vickers)
13
Auburn Motors ...
31
N. American Aviation
281
Chin. Imperial Rly. 5%
Loan
50
Baltimore & Ohio-
7
North American Co. ...........
23
Honan Rly. 5%
15
Barber Asphalt Co
171
Northern Pacific
101
Hukuang Rly. 5%, 1911...
15
Barnsdall 01
143
Owens-Illinois Glass Co.
641
Bendix Aviation
Hukuang Aly. 5%, 1911
324
Pacifc Gas & Mec,
31F
"(German Issue)
14
Bethlehem Steel
871
Pacific Lighting
47
Lung Taing & U. Hal Rly.
Ellss & Co.
171
Packard Motors
41
5% 1913
14
Boeing Airplane Co.
291
Paramount Pictures
81
Shai-N'king Rly. 5%..... 16
Borg-Warner
Pennsylvania R.R.
24
Tientsin-Pukow Rly. 5%
(Brit. Stpd.) Tientsin-Pukow Rly. 5% (German Stpd.) ..... Tientsin-Pukow Rly. S
Biggs Macturing
241
Phelps-Dodge
41
14
Brooklyn,M'hattan
Trans.
117
Phillips Petroleum
421
Brooklyn-Manhattan $6
403
Pittsburg Coke & Iron.
t
14
Canadian Paciflc R'way. ...
5
Public Service of NJ.
391
Case J. I.
811
Pullman Inc.
301
C:
(Brit. 8tpd. Supl. Loan) 14 Tientsin-Pukow Riy. 5%
(Ger. Stpd. Supl Loan) 14
Jap. 5% Ster. Loan; 1907 51 Jap. 6% Ster. Loan, 1924 561 Qer. 7% Intl. Loan, 1024 B Chartered Bank
Celanese
271
Pure Ollate.
82
Chesapeake & Ohio
412
Radio Corpn. of Am.
63
Chrysler Corpn.
867
Reading Company, Com:
18)
Climax-Molybdenum Co.
471
Reading Company, lat pfd26]*
Colts Patent Fire-Arms
88*
Remington Arms Co., Inc.
54*
Columbia Gas & El. .......
71.
Republic Aviation Corp,
7+
8
Columbia 6% "A" pí.
82
Republic Steel
26
H.K. & S'hal Bank (Ldn.
Commercial Credit Co.
482
Reynold Tobac. "B"
37
.Reg.
"B3
Com, & Southern (ord)
17
Richfield Oll.....:
91
H.K. & Shai Bank (Col.
Colmonwealth $6 cum, ptd.
Safeway Stres
4971
Reg.)......
84
Consolidated Edison
311
Schenley Distillers b
14
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec.
Chinese Eng. & Mining
(bearer)
Consolidated Oil
st
Schenley Distiller $54 pfd.
Chicago Carn, Dec,
13/9
Continental Can .....
431
Sears Roebuck
851
New York Hides. Dec.
Chosen Corporation ........ 5/6 Pekin Syndicate
S'hal Elec. Constr. Co... 134 S'hal Waterworks “A”..... 10 Union Insurance
Gula Kalimpong Rubber 18/3
Allied Ironfounders ......
Continental Oil
27
Shell Union Oil
· 142
Corn Products
+9
Socony-Vacuum Ol
137
NEW YORK COTTON
Close
Closing
Curtiss Wright (C.)
121
Southern Pacife.
163
December
9.16/16
9.08/08
Curtiss-Wright "A"
31.
Southern Rly 35 ptd.
311
January
9.12 N.
9.12b/132
9.03 N
.08 off .09 off
221
Deere & Co.
291
Sperry
491
March
9.02/04
9.04/04
8.92/93
.10 off
Distillers Corpn. Seagrama
181
Spicer Manufacturing Co.
311*
May
8.95/95-
8.95/95
8.84/84
11 off
15/3 Asso, & Elec. Industries 40/6
Douglas Aircraft
85
Standard Branda
6.
July
8.79/80
8,80/80
8.68/69
.11 off
Du Pont de Nemours
1783
Stand Gas & Blec.
27
July (New Contract)
8.99 N
unquoted
Austin Motors, ord,
15/6
Eagle Picher Lead
131
Standard Oil of California
281
Spot
9.41 N
8,83 N 9.33 N
11. off
.08 off
Cable & Wireless, New
Form, ord.
Eaton Mfg. Co.
2811
Standard On of NJ.
481
NEW YOR:: RUBBER
474
Elec. Autolite
374
Stone
Webster
122
B.-A. Tob.. (bearer)
92/6
Elec. Bond & Share
81
Swift International
321
December
20.20/20
March
18.75/75
20.25/23 18.75/74
Mercantile Bank
111
Elec. Bond & Share $5 pt.
Technicolor
131
582
May
18.39b/43a
Cammell Laird, "ord.
6/9
Elec. Bond & Share $8 pi.
Texas Corpn.
471
684
July
א 18.10
18.50 A 18.19/19
Mexican Eagle
7/6
Elec. Power & Light St pr.
322
Tezes Gulf Sulphur
35
September
unquoted
20.48b/52a 18.90/90 18.58b 8.25b/28a unquoted
23 up .15 up .19 up 15 up
Courtaulds
30/6
Fintrote
21)
Trans-America Co,
Distillers
66/9
20th Cent. FOX.
143
Total sales for
the day:---700tons.
Food Machinery Corp.
Dunlop Rubber
27/101
Gen. American Trans. ...........
551
20th Cent. Fux. $13 pt.
231
CHICAGO WHEAT
Gen. Electric (England)
74/9
Gen. Electric
404
Union Carbide & Carbon
881
December
Guinness (A) Bon & Co.
84/6
Gen. Motors ".
544
Unton Pacific
1011
May
871/871 871/871 861/887
877/88
up
861/801
867/87
up
Hawker Siddeley Airc.... 18/41
Gen. Ratiway Signal
22*
United Aircraft
49
July
851/851 +85/85
851/851
unch.
Bristol Aeroplane
16/71
Gen, Tire & Rubber
234..
United Airlines Trans. ****
12
Saturday's sates:-13,196,000 bushels,
Imperial Chemical Ind: 30/6
Glidden Co.
0183
United Corpa.
23
Imperial Tobacco
118/9
Goodrich (B.F.)
21
United Corpn. $3 cum. pr.
38
CHICAGO CORN
Marks & Spicer, "A" orð.
51/3
Rolls Royce
96/3
Goodrich $5 pl.
661
United Gas Corpn.
24
December
501/502 500/501
501/502
Leyland Motors
Goodyear Tire & Co. .........................
26
United Gas. Improvement
14
May
531/53
53/527
531/531
up
38/9
Tate & Lyle
59/41
Great Northern Iron Ore"...
183
US. Industrual Alephol.
234+
July
531/531
54/54
1 up
Turner & Newall
74/41
Great Northern Rly, wid.
201
U.S. Rubber
403
WINNIPEG WHEAT
United Steel
Great Western Bugar ...
308
U.S. Rabber $8 pfd. ................. 110
December
701/701
70/70
22/71
U.S. Steet
7322
+
Smethwick Drop Forg....
13/31
Greyhound Corpn.
177
Vanadium
.251.
May
Armstrong Stevens, ord.
8
Hercules Powder Co.
84
July
75)/75) 782/761
697/693 741 A 761 A
7
off
off
off
Walworth Co.
B
Pressed Steel, com:
14/74
Homestake Mining
561
Warner Bros. Pict.
41
NEW YORK HIDES.
International Harvester
621
Vickers, ord.
17/74
Woolworths
01/0
Int. Nickel
41
Wetinghouse Lưới,
11211
Decetaber
Woodward Iron Cor.
271*
March
Anglo-Dutch
20/3
Int. Tel & Tel.
****
41
Rub. Plant. Invest. Trust 82/3
Johns-Manville.
78
Burma Corporation ......
9/8
J. & Laughlin Steel $7.pid. 773
Chase National Bank National City Bank
361*
June
281*
1412b/132 14.05/13.96 14.40/42. 14.25/10 14.74/74 NY Silver, Official ...... unquoted NY-London Cross Rate 3.96-1/4
13,97/97 14.22/23
.15 off
.18 off
14.55/55
14.47/47 34-3/4 3.94
1,27 off
Commonwealth Mining..
Marsman Investments... 13
• bid
timez, dir.
Handfontein Estates
36/101
Western Holdings
Sub-Nigel
11/9 210
· DOW JONES AVEKAGI
1939
Tanami Gold Mining......
3d
High Low Dow Jones Averages
Nov. 7, 1938, Nov. 4, High Low Close
Anglo-Iranian
Burmah
59/411. 63/9
155.99 12144 30 Industriala
162 36
35.90 24.14 90° Raile
3384
27.07 20.70 20 Utilima
26.01
13.35 150.77 £51.46 33.90 33.4 33.57 26.15 25.78 26.05
Change 90 of
.27 off .04 up
Shell Trans. & Trad
32.22 84.51 40 Bonds
(bearer)
88/10)
60.53 45.59 11 Commodity Index 55.69
•Nominal
90.49.
90.52 .03 up 58.64 16 of Business Done:—1,270,000 'abares
has instructed the Ministry of has already drawn up a pin u Economics to stabilize, by the this regard. Besides giving, due end of this year, the cornmodity emphasis on production the plan prices in the country in order to also seeks to expedite transporta- aleviate the suffering of the tion and distribution.
+-ex-dividend.
The market was quiet.
COTTON: Demand was somewhat broader at the opening, but tapered off. Hedge-selling was moderate. The weather for gather- ing is generally favourable except in parts of Texas and Oklahoma- The latest private estimate shows a crop of around 11,875,000 bales. We think near months about high enough for present. but believe that purchases of May and July options will later show profits,
RUBBER: Increased factory interest was noted. Reports that tyre-fabric mills are operating at full capacity contribute to the fav- ourable outlook,
WHEAT; Unfavourable weather news continued. It is reported that fully half the Winter Wheat acreage will show no more than half a stand, if no rain falls this week or next The easiness of for- eign markets was ignored here.
AIDES: The market eased with the stock market. Tanners' in- terest is lacking and 'the seasonable rise in supplies is a detriment to higher prices.
NEW YORK STOCKS: Previous close, 152,36; Today's close. 151.46; Change, off .90
NEW YORK COMMODITY MARKET.
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Prev. To-day's High Low Close Close Change 9.20 9.08 9:18 9.08 .08 of 20.50 20.20 20.20 20.48b 28 up
87
871 877 + up 501 50 501 501
up 14.05 13.92 14.12b 13.97 .15 of
Opening
Change 9.17/17
STABILIZATION OF PRICES IN CHINA
CHUNGKING, Nov. 7 (Central) people Generalissimo Chiang Kai-shek
It is learned that the Ministry
Head Office:-HONG KONG
Board 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. Landale, Esq., G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq. Sir Vandeleur M.Grayburn,
Chief Manager.
Branches: Ipob Bangkok Johore
Batavia
Kobe
Bombay Kowloon
38, Bishopsgate E.C.S.
Sub-Arenoles In London: 117/122, Leadenhall Street, E.0.3. "West End Branch:
10, Cockapur Street, S.W.1.
Manchester Branch:
52, Mosley Street, Manchester, R
AGENCIES AND BRANCHES:
BARBIN
PENANG HONG YONG BẢN COON
ALOE STAR AMRITSAR BANGKOK
BATAVIA BOMBAT CALUUTTA
AGENOLES:
CLITY STREXT
ILOILO IPOH
KARAQEI
KLANG
KOBT
FATALIN PLACE NUALA
CANTON
CAWNPORE
Penang Rangoon Saigon
C4U COLOMBO DELAL HAIPHONG
Calcutta Kuala
San
Francisco
HAMBURG HANKOW
Canton
Lumpur Shanghai
Chefoo
London
Singapore
Colombo Lyous
Dairen"
Malacca "..
Sungai
Manila ·
Patani Swatow
Foochow
Haiphong Muar
Sourabaya
Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao. Yokohama Hongkow Peiping. Iloilo
LUMPUX
KUCHING
MADRAS MANILA
MEÐAN
NEW YORK PRIPING
(Peking).
TIENTSIN
TONGEAH
(Bhuket).
TSINGTAO
YOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT AC00um opened · and FIXED DEPOSITs "received. för 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 obtainabla on application:
CURRENT ACCOUNTS opened in LOCAL CURRENCY and Fixed DEPOSITS
The Back'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.
ALSO up to date SAFE DEPOSIT Boxes in various sizes To LET Hong Kong, 25th September, "1939.
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 HONOKUNG & 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
5,598,600.00
2,883,932.01
Head Office:-BONG KONG No. 10 Des Voeux Road, Central,
Board of Directors:
Sir Shouson Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Eng. Wong Tun Tong, Esq. Kan Ting To, Raq. * Chan Ching Nack, Esq. Fong Fing Wah Baq
Kan Tong Po, Esq., Chist Manager. Li Tae Fong, Eng., Manager.
Datarla
Branches and Agencies :---
Haiphong
Kobe
Бочков Penang Singapore London Rangoon Bourabaya Manila Balron Bwabow
• Mulboczna And Fran, Sydney Nagutaka
ciao Tiaotada. New York Beattie VARDOUTET Parla
Bazarang Flying
Shanghai..
Every description of Banking and Exchange business transacted. Lonas granted on approved securition.
Current Accounts opened in Local] Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur- rencies on
terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LEL
KAN TONG PO,"" Chief Hanager.
terma which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
W
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, FINE STREET,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
い
Interest Rates on Application.
"
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, New Your with Resources of over 17.8.$9,900,000,000.
D. M. BIGGAR,
Second Fica Pre
BANK OF CHINA
1
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in Chins 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 Exebange.
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIPCHOW
KONGMOON TOISHAN
KINGCHOW ·
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
'BHOU J. CHEN,
Manager.
Amoy
Proäte
.
Amoy
Bombay
UNLORIZON
Banker Bopolain
SILVER MARKET
LONDON SILVER London, Nov. 6 (Reuter). Silver-Business small. Market quiet. In the afternoon, the mar- ket was quiet, with buyers at the rate but sellers holding of,
Spot, 23-1/164.
Forward, 234. ·
NEW YORK SILVER New York, Nov. 6 (Reuter.”
Official Price, 34-3/4.
BOMBAY SILVER
Bombay, Nov. 8 (Reuter):
BUTTER & BACON
RATIONING
Only Temporary Dislocation
LONDON, Nov, 7 (Reuter)— The introduction of a ration- ing scheme for butter, and- bacon does not denote` a. për- manent shortage of either commodity, The normal per-
MarkctQuiet, offtake 10 baracentages of the total importa.
Indian Mint Suver
Ready
Dec. 6 Settlement
Jan. 6 Settlement
61-00
61-03
61-07
LONDON METALS
EXCHANGE
London, Nov; 6 (Router).
buyer
Standard, Cam: 230- Btandard
3 months 230.
sellers
obtained from Denmark are: bacon 50 per cent and butter 25 per cent.
The temporary, dislocation
TO
GORDON SELFRIDGE RETIRES
Mr. Gordon Selfridge, - aged 75,
founder of Selfridge and Co., Ltd.,
INDO-CHINA
}la resigning from the board of STEAM NAVIGATION COMPANY LTD.
directors of the firm, its subsidiary
and associated companies be- Operating Services for Cargo and Passengers
cause of his advanding years. He will still act in a concultative capacity as praident of the com- pany.
He came to Britain in 1906: From the United States. Three years later be founded, his Oxford-street store, which is now one of the largest in Europe. He became a
supplies is due to the submarine naturalised Englishman in 1937. campaign which occurred in the
Last December Mr.
Selfridge: brief period at the end of septem- practically handed over direction
ber but the convoy system now en- of the business to his son."
abies "the Tesumption -- of---ship-- ments on satisfactory scale and ample supplies of butter from New Zealand and bacon from Canada unquoted are assured, the United Kingdom having first claim on all supplies unquoted of the former.
2
.t
LONDON GOLD
London, Nov, 6 (Rauter). Bar Gold, Fine per oz. 168.
TO-
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 KOXILL GENERAL MANAGERS
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offcor-15, Gracechurch Street,
Authorised Capit
London, ECS
Saberribed Capital ...
Paid-up Capital
Roerre-Pand and Rast,
HANKERS:
The Bank of England and Midland
Bank. Ltd. BRANCHES:
Bangkok Bombay Calcutta
Colombo
Or w
| Galle
Hongkong Downl
Ipoh
Jaffor
Kuantan
Handy
Кальсы
Kota Bharu
Kuala Lipis
Keats Trenggunu Madras
Now "Toek
Pedang Rangoon
Shanghai
قاهات
Kuala Lumpur Singapors
HONG KONG BRANCH:
Every description of Banking and Exchange bukan kond,
Travellers Chequer, furd, TRUSTEE AND EXECUTORSHIP
LEVA UNDERTAKEN. CURRENT LOCGUNTS Opened: In Looul. Car- rancy and FIXED DEPOSITS ronivad ta Loest Carracy, STERLING & U. 8. DOLLARS on term that may be wɔetaisai on application,"
D. BENSON..
ILPage 11