Last Sale Nov. 8
NOV. 9. 1939 STOCKS
".
Last Sale
Nov. B
9.
Kennecott Copper
391
224
Lakey Foundry & Mac..
42
101
Libbey-Owens-Ford
#1
.Glass
521
Lockheed Aircraft
301
103
Loew's Inc.
351
107
Mack Truck Inc.
31
£
War Loan, 31% (Red
917 after 1952) Canton-Kloon Rly. 5% IT Chinese 41% Gold Loan "1898 (Brit. Issue)...... Chinese 5% Gold Bonds, --
1925-47
American Cyapamid B
314
Manhattan Shirt Co.
Amer, & Foreign Power,
24
Martin, Glen L
Ameri & Foreign $7 pt....
27
McKesson & Robbins, pid
17
American Gas & Elec-.
97
Monsanto Chemical ....
1061
SINGAPORE RUBBER
57
Amer. Locomotive
25+
| Montgomery Ward
"541*
Amer. Metals Co.
251
National Aviation
137
at. Dairy Products
161
ЭРОТ
52
¡Amer. Radiator
101
Chin. 41% Anglo-French
Amer. Rolling Mil ......................
181
Nat Distillers......
24
JAN.-March
Loan, 1908
50
Amer. Sting and R'ing Co.
53
National Gypsum
111
APRIL-JUNE
National Lead
211
Chinese 5% Crisp Loan,
Amer, Sugar Reining .....
23
Amer. Tel & Tel............ 1687
Nat. Power & Light
B
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, November 8. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confrmation and no responsibility is assumed for errors in transmission,
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express............................. Alleghany Steel Co.... Allled Stores ... Allis Chalmers Aluminium Ltd ..... Amerada Corp, Amer. Can
QUOTATION
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
I
FRIDAY, NOVEMBER 10, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1863 Reserve Funda:
Paid-Up Capital....... E 6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Sterling
Reserve Liability of
Proprietors
$20,000,000
Head Office:--HONG KONG
Board of Directors: Hon. Mr. A. I... 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.,.
£3,000,000 ...£3,000,000
prietors *** ..............$3,000,000
HEAD OFFICE; LONDON:
38, Bishopsgate E.0.2. Sub-Agencies In London: 117/192, Leadenhall Street, EC.3
West End Branch:.. 14/16, Cockapar Street, S.W.I. Manchester Branch: 32, Mosley Street, Manchester, 2,
AGENCIES AND BRANCHES:
HARBIN
ALON STAR AMRITSAR
BANGKOK BATAVIA
BOMBAY
PENANG
HÔNG TÚNG, BANGOON ILOILO
IPOK
November 7 buyers sellers
37-3/4
New York, November 8.
November 8 buyera sellers change 37-3/4
unch.
38-1/4
38-1/4
unch.
35-1/2
35-3/8
# 1/8
1912
Chinese 5 Reorg Loan,
Amer. Tobacco "B"
81
National Steel Corp.
74
1913 (Ldn. 15.)
Amer. Waterworks....
12
Nat. Supply Corpa.
101
Chinese 8% Ster. Nates.
Anaconda Copper
324
New York Central
20
1925. (Vickers)
13
Atchison, T. & S. Fe.
291
Niagara Hudson Power
73
Chin. Imperial Rly. 5%
Auburn Motors
31
N. American Aviation
Loan
Bonar Rly. 5%
15
Hukuang Rly. 5%. 1911...
Hukuang Rly. 5%, 1911
(German Issue)
Lung Tsing & U. Hal Rly.
5% 1013
14
Shal-N'king Rly. 5.
20
*** *8
50
Baltimore & Ohbo
7
3
North American Co..........
221
Barber Asphalt Co
161
Northern Faclic
17
Barnsdall OR.....
143
Owens-Illinois Glass Co.
621
Bendix' Aviation
313
Pacific Gas & Elec.
311
16
Bethlehem Steel
86
Facific Lighting
47
Bliss & Co.
17
Packard Motors
4
Boeing Airplane Co.
28
Paramount Pictures
81
Borg-Warner
271
Fennsylvania R.R.
241
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Biggs M'facturing
241
Phelps-Dodge
43
14
Brooklyn-M'hattan Trans.
117
Phillips Petroleum
42
Tientsin-Fukow Rly. 5%
Brooklyn-Manhattan $8
41
Pittsburg Coke & Iron
101*
(German Stpd.), ......................... Hentsin-Pukow Rly. 5 (Brit. Stpd. Supl. Loan Tientsin-Pukow Rly. 5% (Ger. Stpd. Supl. Loan) "Jap. 5% Sler. Loan, 1907
14'
Canadian Pacific R'way. ...
5)
Public Service of N.J.
401
Case J, I....
81
Pullman Inc.
-381
14
Celanese
27
Pure Oll
81
"
Chesapeake & Ohlo
41
Radio Corpn. of Am.
61
14
Chrysler Corpn
867
Reading Company. Com:
17
511
Cilmax-Molybdenum Co.
451
Reading Company, ist pid
28
Prev. To-day's
Jap. 8% Ster. Loan, 1924 59
Colts Patent Fire-Arms
85.
Remington Arms Co. Inc.
High Low
Ger. 7% Intl. Loan, 1924 Chartered Bank
81
Columbia Gas & H.
7
Republic Aviation Corp.
B1
85
Columbia 6% "A" pf.
8.2
Republic Steel
25
New York Cotton, Dec.
9.35
H.K. & S'hat Bank (Ldn.
Reg.i
Commercial Credit Co.
471"
Reynold Tobac: "B"
374
New York Rubber. Dec.
20.52
85
Com. & Southern (ord)
14
Richfeld Of
9
Chicago Wheat, Dec.
9.16 20.27 831 872
H.K. & S'hat Bank (Cul.
Commonwealth sử cụm phủ.
Safeway Stores
+91
Chicago Corn, Dec.
Reg.)
85
Consolidated Edison
311
Schenley Distillers
14
New York Hides, Dec,
50% 14.08
13.97 -14.08
Close Close Change 9.08 9.22 14 up 20.48b 20.41 .07 off
871
881
? up 50+ 50% 501 13.80
i up
.11 up
Chinese Eng. & Mining
Consolidated Oil
8
Schenley Distillers $54 pid.
NEW YORK COTTON
Clase
Opening
Closing
Change
(bearer)
19
Continental Can
434
Sears Roebuck
854
December ........
9.08/08
9.28/27
9.22/24
pט, 14,
Chosen Corporation
5/8
Continental Oll
252
Shell Union 'Üll
13
January
9.03 N
9.22/23
9.15 N
12 up
Pekin Byndicate
Com Products
621
Socony-Vacuum Oil
131
March
8.92/93
9.07/08
9.03/04
11. up
S'hal Elec. Constr. Co.
13/9
Curtiss Wright (C.)
114
Southern Pacific
16.
May
8.84/84
8.95/97
8.91/91
.07 up
8'hal Waterworks "4",
11
Curtiss Wright "A"
30
Southern Rly $5 pfd.
311
July
8.88/89
8.82/83
8.74/74
.06 up
Union Insurance,
224
Deere & Co.
231
Sperry
481
July (new contract)
... 8.88 N
9.04 N
8.98/96
.08 up
Gula Kalumpong Rubber
19/4
Distillers Corpn. Beagrams
183
Spicer Manufacturing Co. - 304
Spot
9.33 N
9.47 N
סט 14.
Allied Ironfounders ......
15/3
Douglas Aircraft
841
Standard Brands
51
NEW YORK RUBBER
Asso. & Elec. Industries
40
Austin Motors, ord.
Du Pont de Nemours.......
178
Sland, Gas & Elec,
21
16
Cable & Wireless. New
Form, ord.
Eagle Richer Lead
13*
Standard Oll of California
271
December
20.486/52a
20.31/27
20.41/45
07 off
Eaton Mfg. Co.
231
́Standard-Ofl of NJ.
471
March
18.90/90 18.70/68 **18.60/30
30 of
482
Elec. Autolite
37
Stone & Webster
12A
May
18.58b
18.20b/30a 18.12/12
B-A. Tob. (bearer)
92/6
Elec. Bond & Share
81
Swift International
32+
July
Mercantile Bank
111
Elez. Boud & Share $5 pr.
50+
Technicolor
13
September
18.25b/29a 18.05/05 unquoted
46 off 17.75b/80a .50 off unquoted
Cammell Laird, ord.
8/6
Elec. Bond & Share $8 pt.
631
Texas Corpn.
47
Total sales for the day:-1,360 tons.
Mexican Eagle
7/12
Elec. Power & Light ST pt.
321
Texes Gult Sulphur
34)
CHICAGO CORN
Courtaulds
30/9
Flintkote
19
Trans-America Co.
7
December
Distillers
67/3-
20th Cent. Föx.
141
83/871
88/872
881/883
Food Machinery Cory...
Dunlop Rubber
27/9
Gen. American Trans.
20th Cent, Fox. $13 pt.
23
May
861/861
861/861
87/861
55
Gen, Electric (England)
75/6
Gen. Electric
391
Union Carbide & Carbon
871
July
841 841
847/843
841/85
989
up
up
Guinness (A) Son & Co.
84
Gen MotorS
544
Union PacinC
1011
Tuesday's sales:-18,009,000 buhels.
Hawker Siddeley Airc....
18/9
Gen. Railway Signal
21
United Aircraft
47
CHICAGO WHEAT.
Bristol Aeroplane.
16/71
Imperial Chemical Ind.
Gen, Tire & Rubber
221
United Airlines Trans.
121
December
501/501
30/6
Glidden Co.
172
United Corpn.
21
501/502
50/501
kup
Imperial Tobacco
118/9
Goodrich (BF.)
19
United Corpn. $3 eum. pí.
38
May
527'53
521/523
527/521
unch.
July
Marks & Spicer "A" ord. 51/3
Rolls Royce
Goodrich $5 pt.
66}
United Gas Corpo.
211
531/531
534/537
unch.
95/7)
Leyland Motors
Goodyear Tire & Co.
254
United Gas Improvement
141
NEW YORK HIDES
88/9
US., Industrial Alcohol,
231*
December
TO A
Great Northern Iron Ore
132
701/701
691 b
i. off
Tate & Lyle
59/3
Turner & Newall
74/41
Great Northern Rly, pfd.
U.S. Rubber
39
28+
May
75/75
747 b
i off
United Steel
Great Western Sugar
301
U.S. Rubber 38 ptd,
115+1
July
701/781
781 b
up
22/6
Smethwick Drop Forg....
13/3
Greyhound Corpn.
171
U.S. Steel
721
WINNIPEG WHEAT
Hercules Powder Co.
844
Vanadium
35
Armstrong Stevens, ord.
6
Walworth Co.
71
December
13.97/97
13.80b/908 14.08/08
11 up
Homestuke Mining.
541
Pressed Steel, com.
15
Warner Bros. Pict.
March
14.22/23
International Harvester
+628
Vickers. ord.
17/7
Woolworths
Int. Nickel
403
Westinghouse Mec.
111
June
14.47/47
14:15/18 14.50/50
14.30/32
14.58 N
03 up
11 up
62
Woodward Iron Cor.
231
NY. Official
34-3/4
Int. Tel. & Tel.
41
Anglo-Dutch
28/7)
Johns-Manville
78.
Rúb. Plant. Invest. Trust Burma Corporation ...... Commonwealth Mining.. Maraman Investments...
Randfontein Estates
32/9 9/7/
14/2 37/6
Chase National Bank National City Bank
NT-London Cross Rate 3.94
3.91
J. Laughlin Steel $7 pfd. 771
CANADIAN WAR
LONDON METALS
*-bid
Ix. diy
DOW JONES AVERAGE
LOAN PLAN
Western Holdings
11/8
Sub-Nigel
205
1938
Tanami Gold Mining...
3d
High
Low Dow Jones Averages 155.99 121.44 30 Industrials
Anglo-Iranian
60/7/
35.90 2414 -20 Railg
Burmah
63/9
$7.07-20.70 20 Utilibes
28.05
Shell Trans. & Trad
39.22 84.5! 40 Bonds
90,38
(bearer)
81/6
60.53 45,69 11 Commodity Index 55.54
Nov. 9, 1939, Nov. 6, High Low Close 161 46
149.81 130 39 1.11 off 33 67
23.74 33.28 33.41 26.18 25,80 · 25.95 90.47 55.50
OTTAWA," Nov. 9
(Reater).
Changs
.10. off
13 off 05 of
Canada is planning a national or- ganization to carry out a selling campaign to proat the public war
EXCHANGE London, Nov. 8 (Router).
TIN
buyers £
loan whose details are withheld. It standard, Cash 230 04 of Is, however, reported to carry 35 standard.
sellers & unquoted
The market was quiet;
WHEAT: The market was steady throughout the day and volume of trading was light. The easiness of foreign markets was ignored. Drought condition continue in the South-West and a potentially tight cash position is developing as a result of the loan situation.
COTTON: The Government estimate of 11,845,000 bales was about as expected. This shows a decrease of 80,000 bales as com- pared with the figure of 11,928,000 bales a month ago. There was a good foreign and domestic demand, and near positions were firm un- der the induence of the strength of Spots. Sentiment on this pubilca- tion is bullish, we expect eventually higher prices.
RUBBER: The market was easy, reflecting the reports of heavy offerings for shipments for next year. The strength of "Spots" is impressive,
NEW YORK STOCKS: Previous' close, 151.46; Today's close. 150.35; Change, on 1.11.
NEW YORK. COMMODITY MARKET
(By Courtesy of Messrs. Swan; Culbertson & Fritz and S. E. Levy & Company)
H. V. Wilkinson, Esq.
: Hongkew
..Iloilo
Chief Manager. PAIN PLACE KUALA
London Singapore FORKIGN EXCHANGE and General
Sourabaya Malacca Sungei
Patani
New York Tsingtao
Yokobama
Peiping
Banking Business transacted.
1 CURRINT Accounts opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies st rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable
CURRENT ACCOUNTS opened in on application. LOCAL CURRENCY and FIXED Deposita The Bank's Head Offce in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur-business, and claims recovery of terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at Also up to date SAFE DEPOSIT any of the Agencies and Branches. Box in various sizes To Ler
R. A. CAMIDGE,
Manager.
rencies 如
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., 1938.
BANK OF EAST ASIA,
LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital
Head Office:--HONG KONG No. 10 Des Voeux Road, Central.
Board of Directora:
Sir Shouson Chow, Chairman
Li Koos Chan, Ear
Li Lau Sang, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying Vo, Bag, Chan Ching Shop, Esq. Fung Plóg Wah Baq. Kan Tong Po, Esq., Chief Manager. Li Tsa Pong, Esq., Manager.
Branches and Agencies:-
Bourabaya Bwntow
Halbourne | Ban Frans Sydney
New York Beatlie
Pelping
Tsentrền • YANDESITGE
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 CHASE NATIONAL BANK, New York, with Resourom of orse UT.8.$2,300,000,000.
D. M. BIGGAR,
Second Vica 'Pros
BANK OF CHINA
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 Centras of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHẠI
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN
KINGCHOW
Current Accounts opened in Local SWATOW Currency and Fixed Deposits reSHIUCHOW ceived. for 000 year or shorter periods in Local and Foreign Curand other Public Funds of the
We also handle the issue of Bonds
#
BALOON
E. S. Morrison, Esq.,
STREMBAN
Hon. Mr. T. E. Pearce,
KARACK!
SHANGHAI
BINGAPORE
Sir Vandeleur M. Grayburn,
SITIAWAN
SOURABAYA
34
Amoy
Bangkok
Branches: Ipoh Johore
CANTON CAWNPORE
LUMPUR
TAIPING
KUCHING
CERC
MADRAS
TIENTSIN TONGKAH
Batavia
Kobe
Bombay
Kowloon
Penang Rangoon Saigon San
COLOMBO DELI
MANILA
(Bhuket)
MRDAN
TRINUTAO
HAIPHONG
NEW YORK
YOKOHAMA
BAMBGRO
PRIFING
Calcutta
Kuala
Francisco
Canton
Lumpur Shanghai
HANKOW
(Peking)
Chefoo
Colombo Lyons
Dairen
Foochow Manila
Haiphong Muar
Swatow
Hamburg
(Johore) Tientsin
Bankow
Mukden
Tokyo
Harbin
CALOUTTA
AGENCIES:
KOBE
CLAVE STET
KLANG
W
il
Hong Kong, 25th September, 1939:
#
"5,598,600.00
Reserve and Undivided
Proûts
2,883,$32.01!
P. K. Kwok. Esq.
יי
Kowloos
Esta via
London
Lombay
Manila
Parang
Rangoon
Balgon
Singapore
Unleutta
Balphony
25
Hankow Honalofa
Peris
Robe
Bemarang Shangbal
Every description of Banking and Exchange business transacted. Lomor] granted on approved securities.
CANTON
rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
Business Done :—1,070,000 shares
per cent interest and is likely to
KAN TONG PO..
•—Nominal
3 months 230
unquoted
Chief Manager.
Chinese Government both at Home and Abroad,
BROU J. CHEN,
Manager.
STERLING WEAKENS: 236 Per Cent
BELGA REACHES NEW LOW LEVEL
NEW TURK, Nov. 8 (Reuter; -Sterling continued to weaken on persistent pressure, while the belgs reached a new low tevel in six years, due to the «nconfirmed rumours that Ger- many might riolate the heu- trality of Holland and Belgium.
Higher
COST OF LIVING IN CHUNGKING
CHUNGKING, Nov. # (Cen- tral)-The cost of lving to Chungking has increased by 230 per cent in two years and three months since the' out- break of the Sino-Japanese hostilities, according to the price index compiled by the Southwestern Industrial search Bureau.
RICE IN PRICES"
Re-
BRITISH TRADE WITH BULGARIA LONDON, Nov. 9 (Reuter)-It was officially announced that notes were exchanged between Lord Halifax and the Bulgarian Minis- ter in London embodying "agree- ment to facilitate Anglo-Bulgar trade and payments.
the cost of living registered an average increase of 61 per cent.
UPWARD TREND
be opened for issue by the Govern- ment allotting $250,000,000 to $300,- 000,000.
RESERVE BANK OF
INDO-CHINA
INDIA STATEMENT STEAM NAVIGATION COMPANY LTD
-Calcutta, Nov. 8 (Reuter).
Oct. 27 Nov 5
Notes in circulation (including Notes beld in the Bank- ing Department)". 22,880 22,823 Rupee Coln and Bul¬.
lion in India
7,254 7,197
4,154
3.450 7.450
3,734 3,734
FRENCH REMOVE
The upward trend during the Gold Coin and Bul- RESTRICTIONS ON
second year of the war, however, lion in India ...... was even greater and more drama- CHINESE GOODS ...."
Becurities tic. The prices of the majority
(British Government) CHUNGKING, Nóv. 9 (Reuter)-
of the commodities were more than The rise in the prices of com- } doubled by July, 1839, while quite.
Securities (Indian The Government of French-Indo-
Government) China's decid to lift restrictions modities followed the transfer of a number of articles were sold at governing removal of Chinese goods the national capital from Nanking prices six or seven times their From Halphons welcomed by to this Szechwan city.. and, the pre-war costs. The outbreak of Chinese circles hace as "further subsequent great influx as a result the European war gave another proof of the willingness of the of the withdrawal of Chinese impetus to the rise of the prices French and French Indo-China forces from the Shanghai and of certain commodities. Lack of Governments to assist China in her Nanking areas. It reached drama- transportation is another cause for war of resistance.”
the proportions by July, 1938, when i the rise.
4,154
LONDON GOLD'
London, Nov. 8 (Reuter),
Bar Gold, Fine per oz., 188.
| Operating Services for Cargo and Fassengers
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN HAIPHONG
For further particulara
please apply to
JARDINE MATHESON&Co.,E TELEPHONE ZOZILL GENERAL MANAGERS.
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