PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, November 9.
NEW YORK STOCK EXCHANGE
STOCKS
The following quotations are the Adams Express middle prices at the close of the Alleghany Steel Co. market in London. All quotations Allied Stores
Allis Chalmerà ..................... are subject to confirmation and no responsibility is assumed for Aluminium' Ltd errors, in transmission,
Chin. Imperlai Rly. 5%
Tientsin-Pukow Rly. 5%
558
QUOTATION
PAYNE & CO.
J
COMMODITY
BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY. MARKET REVIEW
(FROM PAYNE & CO.)
COTTON: There was a consistent foreign and domestic trade demand. Sentiment was more favourable on the Government. Loan being offered in a liberal way. Spot offering was light, as pro- ducers are taking advantage of the Loan. We would remain to be bullish.
RUBBER: The market was qu'et but steady. There was ap- parently a good demand at under market prices. The weakness of Sterling, however, continues to be a restraining factor.
WHEAT: Prices today declined on a forcast of rains in the South-West Exports were poor. We would be cautious.
HIDES: The market eased in sympathy with the Stock market. The weakness in Sterling is ap adverse factor. Tanners stood by -pending further developments,
M
NEW YORK STOCKS: Previous close. 150,35; Today's close. 148.75; Change off 1.60.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
SATURDAY, NOVEMBER 11, 1939.
BANKS
;
MONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
“INDIA, AUSTRÁLIA
1 N
AND CHINA Authorised: Capital......... 850,000,000 | Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1885 Reserve Funds:
£3,000,000 Paid-Up Capital Sterling
£8,500,000 Reserve Fund
...£3,000,000 HK. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
£3,000,000 HEAD OFFICE: LONDON:
Leserve Liability of
Proprietors
8
$20,000,000
Head Office:-HONG KONG
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq..
Chairman.
Deputy Chairman.
J. K. Bousfelä, Esq., .. A. H. Compton, Esq., Hon. Mr. 8. E. 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.
38, Rishopsgate E.C.
Sub-Agencies In London; 117/12, Leadenhall Street, E.C.3. West End Branch:
14/16, Cockspur Street, 8.W.1. Manchester Branch: 39, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
CALCUTTA
AGENCIES KOBE CLIVE STREET ``KUALA ¦ FAIRLAK PLICE
CANTON
CAWNPORE,
KUCHING
ALON STAB AMRITSAR BANGKOK
BATAVIA BOMBAY
HARBIN
PENANG HONG KONG RANGOON ILOILO
IPCH
BAIGON
SEREMBAN
"KARACHI
KLANO
SHANGHAI
SINGAPORE
SITIAWAN
SOURABAYA
LUHTUS
TAIPINO
TIENTAIN
TONGKAH
Amoy
Bangkok Johore
Kobe
Penang Rangoon Saigon
(Bhuket)
MIDAN
TRINGTAO
Kowloon San
Calcutta
Kuala
Francisco
HAIPHONG HAMBURG BANKOW
NEW YORK PRIPING
(Peking)
Lumpur Shanghai
London Singapore
Colombo
Lyons
Dairen
Malacco
Sungei
Foochow Manila
Batavia Bombay
Canton Chefoo
Branches: Ipoh
Sourabaya
Patani
Haipnong Muar Swatow Bamburg
(Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao
Yokohama Bongkew Teiping Iloilo
CUREINT
Степ
COLOMBO DELKI
"MADRAS
MANILA
TUKOHAMA
FORRIGE EXCHANGE and General Banking Business transacted.
Connis Accounts opened and FIXED DEPOSIT 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 CORRENCY and FixED DEPOSITE The Bank's Head Offer in London. received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur-business, and claima recovery of rencies on terms which will be British Income Tax overpaid, an quoted on application.
Atao up to date Ears Derosi Boxin various sizes To LET Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
a
Last Sale
NOV. 10, 1939
STOCKS
Last Sale
Nov. 9
Kennecott Copper
Nov. 9
38)
221
Lakey Foundry & Mac..
4
OF
· 40}
| Libbey-Owens-Ford
Glass
501
Lockheed Aircraft
30
102
{new's Inc.
347
Amerada Corp. Amer. Can.
1671
Mack Truck Inc.
1 333
War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 5% Chinese 41% Oold Loan
American Cyanamid B
291
Manhattan Shirt Co.
918
Amer, & Föreign Power
22
Martin, Glen. L.
41
17
Ameri & Foreign $1 pl.
273
McKesson & Robbins, pid
New York, Nov. 9, 1939,
Monsanto Chemical
105)
American Gus & Elec
371
SINGAPORE RUBBER
November 8
1898 (Brit. Issue)...... Chinese 5% Gold Bands,
1925-47
Amer." Locomotive ............................
237
Montgomery Ward
541
Amer. Metals Co.
National Aviation
131
buyers sellers
Nov. 9 buyers" sellers
change
251
Sat. Dairy Products
151
SPOT
37-3/4
52
Amer. Radiator ..............
101
Chin, 41% Anglo-French
Amer, Rolling Mill
172
Vat. Distillers
233
JAN.-MARCH
36-1/4
37-3/8 35-7/8
of 3/8
off 3/B
Loan, 1908
50
Amer, S'ting and R’ing Co... 511
National Gypsum
11
APRIL-JUNE
35-3/8
35
of 3/8
National Lead
21
Chinese 5% Crisp Loan,
Amer, Sugar Refning
... 223
The market was quiet.
1912
Amer. Tel. & Tel
1681
Nat. Power & Light .....
8
Chinese 5% Reorg. Loan,
Amer. Tobacco “B”
National Steel Corp.
74
701
1913 (Lan. Is.)
Amer. Waterworks
123
Nat. Supply Corpn.
10
Chinese 8% Ster. Notes,
Anaconda Copper
New York Central
10
321
1925 (Vickers)
Atchison. T. & S. Fe.
253
Niagara Hudson Power
**
N. American Aviation
271
Auburn Motors ...
34
Loan
50
Baltimore & Ohio
61
North American Co...
24
Honan Rly. 5%.....
15
darber Asphalt Co
1641"
Northern Pacific
10%
Hukuang Rly. 5%, 1911...
17
Barnsdall 011
Owens-linois Glass Co.
613
141
Pacific Gas & Elec.
31
Bukuang Rig. 5%. 1911
endix Aviation
31
German. Issue)
18
Bethlehem Steel
831
Pacide Lighting........
473
Lung Tsing & U. Hal Rly.
3llas & Co.
18
Packard Motors
31
1913
14
Bueing Airplane Co.
271
Paramount Pictures
81
shai-N'king Rly. 5%.....
20
Borg-Warner
.251
Pennsylvania RR.
241
Tientsin-Pukow Riy. 5%
3lggs M'facturing
234
Phelps-Dodge `.
401
(Brit. Stpd.)
14
Srooklyn-M'hattan Trans.
1χ
Phillips. Petroleum
41
Tientsin-Pukow Rly, 5%
Brooklyni-Manhattan $6
401
Pittsburg Coke & Iron
101*
German Stpd.)
14
Canadian Pacific R'way.
51
Public Service of N.J
397
Tientsin-Puko
Rly. 5%
Case J. I
79
Pullman Inc.
35
Brit. Stpd. Supl. Loan)
14
Celanese
Z
"Puré Oll
BA
Chesapeake & Ohio
404
Radio Corpn. of Am.
8
Ger. Stpd: Supl. Loan) J. 5 Ster. Loan, 1907
14
Chrysler Corpn
261
Reading Company, Com:
171
501
| Cllmax-Molybdenum Co.
481
Reading Company, 1st pfa
26
Jap. 6% 8ter. Loan... 1924
581
Colts Patent Fire-Arms
867
Remington Arms Co., Inc.
53*
Prev. To-day's
Ger. 7% Intl, Loan, 1924
B
Columbla Gas & 3......
62
Republic Aviation Corp.
63
Chartered Bank
81
Columbia 6% “A" #Í.
817*
Republic Steel
231
HK. & S'hal Bank (Ldn.
Commercial Credit Co.
461
Reynold Tobac. “3′′
374
New York Cotton, Dec.
Regi
85
Com. & Southern (ord)
13
Richfield Oll
81
New York Rubber. Dec.
E.K. & S'hal Bank (Col
Colmonwealth 38 cum, píá:
Safeway Stores
48
Chicago Wheat, Dec.
Reg.)
Consolidated Edison
3011
Schenley Distillera
13
Chicago Corn, Dec.
New York Hides, Dec,
High Lov Close Close Change
9.39 9.30 9.22
.13 "up 9.35 20.42 20.26 20:41 20.40b .01 of 883 861 834 851 11 of 503 50 50+ 50
of 14.05 13.80
14.08 13,88
20 off
Chinese Eng. & Mining
Consolidated Oll
71
Schenley Distillers 854 pid,
(benrer)
19
|Continental Can
4"
Sears Roebuck
8211
NEW YORK. COTTON
Close
Closing
Change
Chosen" Corporation
5/6
Continental' Oil
251
Shell Union Oil
124
December
8.22/24
9.33/34
9.35/35
13/
Fekin Syndicate
Corn Products
€3
|Socony-Väceara Oil
S'hal Elec. Constr. Co.
13/0
Bhai Waterworks "A"
Curtiss Wright (C)
103
Southern Pacific
161.
January
9.15 N
9.26/26
9.27 N
.12 up
March
11
Curtiss Wright “A”
291
| Southern Rly 35 pfd.
301
9.03/04
9.18/17
9.38/18
May
8.91/91
9.02/02
9,00/00
.09 up
Union Insurance...
221
Cula Kalumpong Rubber
Jeere & Co.
33
Sperry
473
July
19
Distillers Corpn. Seagrama
163
Spicer Manufacturing Co.
301
8.74/74
8.86/85.
8.81/81
07 up
July (New contract)
8.96'90
9.07/07
9.02 N
.00 up
Allied Ironfounders
15/3
Douglas Aircraft
801
Standard Brands
51
Spot
9.47 N
9.60 N
.13 up
Asso, & Elec. Industries
40
Du Pont de Nemours
177
Stand Gas & Mec;
24
Austin Motors, ord.
18/3
Eagle Picher Lead
123
Standard O of California
271
NEW YORK RUBBER
45
Cable & Wireless, New
Baton Mfg. Co.
273
Standard Oil of N.J.
472
December
20.41/45
20.200/418. 20.406/45
01 of
Form, ord.
49
Slec, Autolite
361
Stone & Webster
121
March
B-A. Tob. (bearer)
02/6
Elec. Bond & Share...
21
Swift International
311
May.....
18.12 '12
Mercantile Bank
11-7/18
lec. Bond & Share $5 pt.
583*
Technicolor
13
July
17.75b80a
Cammell Laird, ord.
8/6
Elec. Bond & Share 56 pf.
684
Texas Corpn.
401
September
unquoted
18.50b/606 18.48b/50 18.00b/28a 18.10b/12a
17.67. N 17:73/73
unquoted
12 off 20. off .C8 CIT
Mexican Eagle
6/101
lec. Power & Light $7 pf.
31%
rexes Gulf Sulphur
331
.
*Total saes for the
day:-1,210 tans.
Courtaulds
*.30/4"
Funtkote
20
Trans-America Co.
CHICAGO WHEAT
Distillers
88/0
Food Machinery Corp.
20th Cent, Fox.
14
Dunlop Rubber
27/7
Gen. American Trans.
551
20th Cent. Fox. $1ą pí.
231*
December
881/881
881/88
- 87/861
Gen. Electric (England)
75
Gen. Electric
381
Union Carbide & Carbon"
87
May
87/861
862 801
Guinness (A) Son & Co.
84
Gen. Motors .....
541
Union Paciāc
1001
July
841'85
647/841
852/85 831/831
11 of 11 off
1 of
Hawker Siddeley Airo.... 10/10 Bristol Aeroplane Imperial Chemical Ind. ́30/4
Gen. Railway Signal.
193
United Airersit ........
471
16/74
Gen, Tire & Rubber
221
United Airlines Trana.
12
Glidden Co.
178
United Corpn.
...
21
CHICAGO CORN' December
50/501
50+/50%
301/50
off
Imperial Tobacco .........
118/0
Goodrich (B.F.)
193
United. Corpn. #3 cum pt. 37)
May
527/527
521 523
527/521
i off
Marks & Sp'cer "A" ord.
51/7
Goodrich $5 pt.....
65
United Gas Corpo.
21
July
531/531
537/531
Holls Royce
97/8
Goodyear Tire & Co.
254
United Gas Improvement
14
Leyland Motors
88/9-
Great Northern Iron Ore ...
181
U.S., Industrual Alcohol
23
NEW YORK HIDES
Tate & Lyle
58/6
Great Northern Rly, pid.
271
UA. Rubber
391
December
892
6of b
Turner & Newall
73/11
U.S. Rubber 38 pts.
1111
May
Great Western Sugar
30
United Bteeì
De 22/44
Smethwick Drop Forg... 13/3
Greyhound Corpn...
17
U.S. Steel
70
July
143 b 781 b
691 b 75 b
unch.
701 b
tup mich.
"
Vanadium
34y
WINNIPEG WHEAT ·
Armstrong Stevens, ord.
Hercules Powder Co.
83
6
Walworth Co.
72
December
14,08-08.
13.97/97
Pressed Steel, com.
Homestake Mining .
58
15
Vickers," ord.
International Harvester
вод
Warner Bros. Pict, ........
#
March
14:30/32
14.28/28
13.83/8 14.10/11
20 60
.20 OFT
Amoy
Bezaria
London
17/41
Westinghouse Hoc.
1104
June
14.58 N
14.53/53
14.40 N
.18 off
Bombay
Manila
Woolworths
Int. Nickel
40
62/3
Woodward Iron Cor.
234
New York, Official ......
** 34-3/4
the Tel. & Tel.
43
Anglo-Dutch
2873
Johns-Manville
764
Rab. Plant. Invest. Trust 32/3
J. & Laughlin Steel 3 pid: 751
Chase National Bank National City Bank
36*
NY-London Cross Rate 3:01
Calenta Halphong Hakkow
Bagnenka
New York
Hepiala
Keba
Burma Corporation
9/21
Commonwealth Mining..
Marsinan Investmenta..:
14/9
*-bid.
Randfontein Estates
37/4
DOW JONER BAVERAGE
Western Holdings
11
Sub-Nigel PRAJEROSIONS 203/9 Tanami Gold Mining........... 3d
1939
High Low Dow Jones Averages
155.87 121.07/20 Endustrials
Anglo-Iranian
60/95
25.90 24.14 Kalle
Nov. 10, 1929. Nov. 8, High Low Close 1503 160.87 7:18.03 148.75
2344
Chanks
TIN
(1 60 off
3361 32.85 3289
Week-ended
· buyera
sellera
Burmab
63/9
97.07 20.70 90 piliak
Shell Trans.
111 8 Bonds
25.45 90.47
28.00 25.70 25,73
21 off
(bearer)
86/3
60:52 45.59 11 Commodity Index 55,60
90.30 55.0%
10% OF .48 0
Business Done-1,200,000 shares
Week-ended
Week-endad Nov. 3
Nov, 2 Nov 9 $578,000,000 $472,000,000 $467,000,000
Standara, Cash 239
tandard.
unquoted
3 months 230
unquoted
*—Nominat
SILVER MARKET
TONDON SILVER
London, Nov. 0 (Reutar), Silver-Speculators bought Bast- ness small. Markét, steady, To the afternoon, the markot 'was quietly steady,
Spot, 23-1/2a.
Forward, 23-5/100.
NEW YORK SILVER
New York, Nov. 9 (Reuter).
Official Price, 34-3/4.
BOMBAY SILVER
Bombay, Nov. 9 (Reuter).
Tadian Mint Silver
Deady....
Dec. 5 Settlement Jan. 6 Settlement
61-13
#2-00
.66 of
WEEKLY RETURNS AND REPORTS
Public Deposits
BANK OF ENGLAND
Other Deposita :-...
Bankers
Other Accounts Total
18.60/60
Opening
Wednesday's sales:-14,155,000 bushels
(Reuter).
BROKERS' LOANS
" New York, Nov.
Loan on securities to brokers in New York:-
3.85"
13 up
.15 up
off
LONDON METALS
EXCHANGE
London, Nov. 9 (Reuter).
11
3
BANK
The Business of the above Bank in 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., 1839.
BANK OF EAST ASIA,
LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital .......... 6,698,600.00 | Beserve and Undivided
Profits
-
2,883,832.01
Head Office:-HONG KONG No] 10 Des Voeux Road, Central.
Board of Directors:
Bir Showson Chow, Chairma Li Koon Chan, Esq. Li Lan Suds, E. P. K. Kwak. Esq. Wong Chu son, £wq, Wong Tun Tang, Meq. Kan Ting Poy Raj. Chan Ching Shuk, Kaje Fang Play Wah Boq
Kan Tong Pu, Esq., Chief Manager. Li Tre Fong, Esq., Manager.
Branches and Agencial p
Karbon
PRANK Singapore Rangoon Sourabaya Saigon Bwxiow
Malboro Ban Fran. Sydaný
Putying
oleon Bentela Sest's VADORYSF
Bemurang Shanghai
Strang
Every description of Banking and Exchange business transacted. Lowas granted on approved securities,
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.
But Drosit Boxes To Las. -
KAN TONG PO,
Chief Manager,
INDO-CHINA
terms which may be ascertained at dny of the Agencies and Branches.
B. ́A. CAMIDGE,
Manager.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
•
13, PINE STEXET,
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 BANI, New York, with Resources of over U.S.$2,900,000,000,
D. M. DIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHẲNGE"
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing
our numerous Branches in China and connections in the principal Commercial Contros of the World, we are able to extend o our Clients special facilities for Domestic and Foreign Banking and Bxchange.
Head Offee:--SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHIUCHOW
4
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chiness Government both at Home and Abroad.
BHOU J. CHEN,
Manager.
STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK
101,888 Operating Services for Cargo and Passengers
London, Nov. 9' (Reuter).
Nov, 2
Nov. 9
£
20,540
21.270
114.800
42.900
167,700
41,483 143,340
TO-
Government Securities
105,340
102,250
SWATOW, SHANGHAI, TRINGTAU, CHEBOO
Other Securities;---
and TIENTSIN
Discount & Advance Securities
6,620
5,450-
22,030
21,920
KOBE and OSAKA:
71,660
27,370
Notes and Coins
$3,090.
1,050
$27.970
528,370
HAIPHONG
Ratio of Reserve to flabilities
Price of Gold at which holdings are valued
81.53% 168/--
32.05%
138/
Total
Total Bullion
Notes in circulation
SINGAPORE PENANG and CALCUTTA
SANDAKAN
OF INDIA, LIMITED
Head Offen:-15, racechurch Strast,
...
Londen, £.C-3
Authorised Capital...
subscribed Capital
Phid-of Cepil
Kamerve Food And Bac
'Beet,
BANKERS:
£5,000,000
21,800,000
21,050,000
21,264779
The Bank of England and Midland
Bank, Ltd. BRANCHES!
Banghar's Ipub
Bombay
Calcutta
Kuantan
Dolemba
SITUA·
Selhi
ilangkang
Kandy
Karschi Kota Bharu Kuala Lipu
Kynin Trenggan
Minda
New York Penang
Shanghai
Skul
Endla Lumpur
Singapore
FEDERAL RESERVE SYSTEM
New York, Nov. 9 (Reuter).
Nov. 3
82-04
Bills Bought
U.B. Securities held
Federal Reserve' Hatto
Federal Reserve Credit Outstanding|
Monetary Gold Stock
OOT. 2 Nov. 9
*
$
(000's omitted)
1,000
1,000
2,548.000
2,765.000 2,687,000
83.36% 85.89% 2,582,000
85.92%
2,721,000
11,823,000
14,071,000 17,099,000 17.132 000
15,148,000 11,680,000
For further particulars
please apply for
JARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL • GENERAL MANAGERS
Howrah
HONG KONG BRANCH;
Every description of Banking und Krobange business transacted.
Travallers Obeqtrom fansand,
TRUSTEE AND EXECUTORSHIP SEE, UNDERTAKEN
OFERENT ACCOUNTS opened in Local Che.. HUDBY KATEND DEPOSITS received in Loss! CACTION STERLING & U. *. DOLALA RS ne tavo that may be acertalas) on application.
D. BENSON.
LONDON GOLD
London, Nov. ≫ (Reuter), Bar Guid, Fine per oz., 163.....
Industrial Adranon
Page 10Page 11