On Singapore:-
PAGE 10-HONGKONG DAILY PRESS.
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
NOVEMBER 25,
On London:—
1939
Telegraphic Transfer. 1'4 78 Bank Bills, on demand)/2 7,8 Credits 4 months' sight 1,3 1/4 On Shanghai:-
On demand
$85
PAYNE &
CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
41
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE.
QUOTATION
MONDAY, NOVEMBER 27, 1939.
BANKS
HONGKONG & SHANGHAI | THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
STOCKS
Last Sald
NOVEMBER 26, 1939
STOCKS
Authorised Capital....... 850,000,000 |
Nov. 25
Last Bale
Nov, 25
Adams Expresa
81
Kennecott Copper
391
Alleghany Steel Co. Allied Stores ....
223
Lakey Foundry & Mac..
4
Reserve Liability of
91
Libbey-Owens-Ford. Olass
53
Proprietors
.$20,000,000
Sterling............ H.K. Currency Reserve $10,000,000 Reserva Liability of Pro-
prietors.....
AND CHINA Issued Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 131S Reserve Funds:
Paid-Up Capital £6,500,000 Reserve Fund
V
.£3,000,000 £3,000,000
£3,000,00€
HEAD OFFICE: LONDON:
Allis Chalmers ...........
301
Lockheed" Aircraft
2:9
Aluminium Ltd
102*
Loew's Inc.
35
Head Office:—HONG KONG
Amerada Corp.
Mack Truck Inc.
281
Board of Directors;
Amer, Can
1113
Manhattan Shirt Co.
American Cyanamid B
317
Martin, Glen L
391
On demand
52 3/4
On Japan:-
יך
On demand
102
SINGAPORE RUBBER
• Nov. 24
'New York, Nov. 25.
Nov, 25.
Amer. & Foreign Power
21
McKesson & Robbins, pfd,
Hon. Mr. A. L Shields,
WH. Lock, Esq.,
Ameri & Foreign $ pf....
887
Monsanto Chemical
1051
Chairman.
Deputy Chairman,
Change American Gas & Elec
381
Montgomery Ward
541
SPOT........
JAN./MARCH
APR/JUNE
On demand
Du fanila ---
44
On Bangkok —
On demand
140 1/2
Sterling Notes:-
Bank Buying Rate,
Bar Silver per os
.--. 1/3 3/4
93 7/16
Close 9.73/75
9.07 N
9.54/54
May
9:31:31
July
-8.98/9.01
July (New contract) Spot October (new contract)
9.10 N 9.94 N
To-
March
20.40/41 19.37/40
18.72/75
18 45/45
18.05 b
B81/881
On India-
Telegraphic Transter. Jag 3/8
and demand.
On New York:-
Bank Bills, on demand 24
Credits, 80 days' night 2 7 8
Un Batavia :-
On demand 44 5/8
On Parts:-
Bank Bills, on demand 1990 Credits 1 months' sight 1145
Un Salgeny--'
On demand
Market Report
FS /
FROM ROZA BROS. Silver prices dropped 1/18 yes- terday for both deliveries, the quotations being 23.7/16 for Ready and 23.9/16 for Forward. Suve. advices reported Speculators 0.5 having sold, A small business was done. The market was steady bat quiet.
The London/New York cross-rate was quoted at 402.
Quiet.
Market
Sterling
There were sellers at 1/231/32 November/February and 1/2.15/16 March/April. buyers at 1/3 Cash and 1/3.31/32 probably March.
U.S. Dollars
Sellers at 24.7/16 November and 4.5/16 December, buyers at 24.9/16 Cash
Shanghai Dollars
Opened with sellers at 292. wards the close sellers were quoted at 302.
Shanthal Market Opened with sellers for Spot at 5.1/32. Subsequently the market eased off and the lowest fate touched was 4.13/16. Towards the close sellers for Spot were quoted
Shanghai Exchange
The market was uncertain.
Amer. Rolling Mill !... Amer. S'ting and R'ing Co. Amer, Sugar Refining
COTTON: There was some December liquidation, while buyers were less aggressive. Hedging and foreign selling of later positions Amer. Tel. & Tel. were additional factors for easiness, but Trade support on the scale down was evident.
Amer. Tobacco. "g" Amer. Waterworks
RUBBER: December liquidation was readily absorbed and there Anaconda Copper Is some evidence of continued dealer and factory support.
WHEAT: No Indication of moisture in the drought sections continues to attract attention and is causing the steadiness of the market. There is a better Trade demand for cash.
Atchison, T. & S. Fe. Auburn Motors Baltimore & Ohio
Bethlehem Steel Bliss & Co.
Barber Asphalt Co CORN: A better seeding is reported, The Trade is hopeful of a¦ Barnsdall Ou
Country interests good export demand,
are holding for advances Bendix Aviation and the tendency is moderately bullsh.
HIDES: The Trade absorbed the recent heavy sales of Actuals and the technical position of Futures has shown much improvement. We would "favour purchase during period of December liquidation.
NEW YORK STOCKS: Previous.clase. 148.47: Today's close, 148.64; Change. up .17.
NEW YORK - COMMODITY MARKET (By Courtesy of Messrs, Swan, Culbertson & Fritz and 3. E. Levy & Company)
New York Cotton, "Dec. New York Rubber, Dec. Chicago Wheat. Dec. Chicago Corn, 'Dec. New York Hides, Dec, NEW YORK, COTTON December January March
Boeing Airplane Co. Borg-Warner
Prev. To-day's High Low Close Close Change 9.86 9.58 9.73 9.61 12. o 20.35 20.30 20.40 20.35 .05 off 88-3/8 87-3/4 B3-1/4. 88-1/4 (50-1/2 50-1/4 50-1/4 50-1/2
14.02 13.95 13,86 14.00b 14 up Com. & Southern (ord)
NOTE; December cotton, first notice day:-27/11/39 last notice day:-15/12/39. NEW YORK RUBBER December
May. July September
Note: December rubber, first notice day:-28/11/39 las notice Elec. Bond & Share $0 pt. day:-27/12/30,
Total sales for the day:-350 tons." CHICAGO WHEAT December
J. K. Bousfeid, Esq.,
40-1/4 buyers 38-3/4" 38-1/2
40-5/8 buyers 39-1/8
37
up 3/8 Amer. Locomotiva
£3
National Aviation
113*
up 3/8 Amer. Metals Co...........
241
Bat. Dairy Products
A. H. Compton, Esq.,
18
Hon. Mr. S. H. Dodwell,
up 1/2 Amer. Radiator
101
Nat. Distillers
24
D. F. Landale, Esq.,
172
National Gypsum
111
G. Miskin, Esq.,
52
National Lead
20%
A. S. Morrison, Esq.,
211"
Nat. Power & Light
81
Hon. Mr. T.-E. Pearce,
KARACH!
1691
National Steel Corp.
73
H. V. Wilkinson, Esq.
63
Nat. Supply Corpa.
93
Sir Vandeleur M. Graybara,
111
New York Central .........
19
Chief Manager.
314
Niagara Hudson Power
7t
261
Branches:
CANTON CAWNPORK.
38, Bishopsgata E.C.I. Sub-Agencies In London:
117/12, Leadenhall Street, E.0.3. West End Branch:
14/16, Cockapur Street, S.W.1. Manchester Branch: 32, Mosley Street, Manchester, i
ALOR STAR AMILITAR
AGENCIES AND BRANCHES:
KAISIN PENANG HONG KONG HANGOON
·ILOILO IPOE
BANGKOK BATAVIA
BOMBAY
UALOUTTA KLANG
AGENCIES: 500
CLIVE STAKET
FAIRLIK PLACE
KUALA
“LUMPUR KUCHING
BAIGON
SEREMBAN
SHANGHAI
SINGAPORA
SITIAWAN
SOURABAYA
TAIPING
TIKSTRIN
N. American Aviation
247
MADRAS
TONGEAK
31
North American Co.
•
22
Amoy
Ipoh
Bi
Northern Pacific
91
Bangkok
Johore
*155*
Owens-linols Glass Co..
Batavia
Kobe
Penang Rangoon Saigon
СЕВО COLOMBO DKLEI
MANILA
(Bhuket)
Bombay
Kowloon
San
123
Faciac Gas & Elec.
323
HAIPHONG HAMBURG
MEDAN NEW YORK FRIPING
TRINGTAO TOKOHAMA
Calcutta
291
"Pacific Lighting
47*
Canton
821.
Packard Motors
33
Chefoo
16*
Paramount Pictures
8
Colombo
25
Pennsylvania R.R.
23
Dairen
45.
Phelps-Dodge
38
Foochow Manila
Biggs M'facturing
224
Phillips Petroleum
407
|
Brooklyn-M'hattan Trans.
131
Pittsburg Coke & Iron
Hamburg
912
Brooklyn-Manhattan $6
471
Public Service of N.3.
401
Canadian Pacific Rway.
47
Pullman Inc.
341
Case J. I
701
Pure Ou
9
Celanese
251
Radio Corpa pi'am,
51
"
Chesapeake & Ohio
421
Reading Company, Com:
187
Chrysler Corpo
85
Reading Company, 1st pid
254*
| Climax-Molybdenum Co.
461
Remington Arms Co., The.
45*
Coits Patent Fire-Arma ... Columbia Gas & E
87*
Republic Aviation Corp: ...
51
61
Republic Steel
231
unch Columbia 6% "A" pt.
847*
Reynold/Tobac. “9”
391
f up Commercial Credit Co.
481
Richfield Of
9
1
Safeway Stores
491
Opening
Closing
Change Colmonwealth $6 cum. pfd.
Schenley Distillers
131
9.65/65
9.51/61
.12 of Consolidated Edison
301
Schenley Distillers $51 pfd.
\\9.59/59
9.56 N
11 off Consolidated Oil
77
Sears Roebuck.
811
9.44/43
9.43/43
.11
off Continental Can
43
Shell Union Oil
131
9.20/22
9.20/20
11 off Continental Oil
24
Secony-Vacuum OU "
124
8.90/90
8.92 N
.06 off Com Products
643
Southern Paciic.
151
9.10/10
9.11/11
,08 off Curtiss Wright (C)
Southern Rly $5 pid.
34
9.82 N
8.48/46
8.52/52
.12 off Curtiss Wright "A"
Deere & Co.
291
Sperry.
451
217
Spicer Manufacturing Co.
301*
Distillers Corpn. Seagrams Douglas Aircraft
18
Standard Brands
51
75*
Stand Gas & Elec
31*
Du Pont de Nemours 20.30/30 20.35/35 .05 off Eagle Picher Lead 10.30b740a 19.43/43 .06 ip Eaton Mfg. Co. 18.70/70 18,76/76 .04 up Elec. Autolite
177
Standard Oil of California
251
121
Standard Oil of N.J.
28
Stone & Webster
361
Studebaker Com
18.41/44
18.35b/40a10 off Elec. Bond & Share ......... 18.05 b
81
Swift International
unch. Elec. Bond & Share $5 pi.
57*
Technicolor.......
88
Texas Corpn.
45+
Elec. Power & Light $7 pt.
301*
Texes "Gulf Sulphur
341
Flintkote
21
Trans-America Co.
61
Food Machinery Corp.
20th Cent. Fox, ..............
133
May
851/851
881/882 857/86
881/881
unch Gen. American Trans.
54
| 20th Cent, Fox. $1į pf.
24
Paid-Up Capital
Profits
852/851
Gen. Electric.
39%
Union Carbide & Carbon
864
Shanghai, Nov. 25 (Reuter)."
Omcial T.T. Rates
July
837831
834/834
831/83)
Gen. Motors
531
Union Pacific
1001
||
Opening
Friday's sales:-13,242,000 bushels. CHICAGO CORN
Gen. Railway Signal
19
United Aircraft
454
Gen, Tire & Rubber
221
United Airlines Trans.
13
London
0/4-3/4
December
501/501 501/501
501/501
0-1/4 up Glidden Co.
171
United Corpn.
21
New York
7-11/16
May
527/521 527/52)
524/521
unch. Goodrich (B.F.)
21
United' Corpn. $3 cum pf. 381
Japan
India
32-3/4
July
527/527
527/53
32-1/4'
WINNIPEG WHEAT
Goodrich $5 pt........ Goodyear Tire & Co.
65*
United Gas Corpn.
21
241
United Gas Improvement 143
Park
3.48
December
7043
70/702
Hongkong
31-1/2
May
75a
Sellers
July
761a
700/701 747-3 761/763
Opening Closing
NEW YORK HIDES
0-1/8 of Great Northern Iron Ore ... 171 0-1/8 oft Great Northern Rly, pfd. 271 0-1/8 up Great Western Sugar ...... 2:9
Greyhound Corpa.
UA.. Industrual Alcohol. UB. Rubber
211
39
U8 Rubber 38 píď...........
1111*
181
U.S. Steel
671
Spot
0/5-1/32
0/4-57/64
December
Nov
0/5-1/32
0/4-57/64
March
13.86/87 14.20/20
Dec.
0/5
0/4-7/8
June
U.S. Dollars
New York, Official
13.30b/951 14.20/20 14.45/45 14.50/50 34-3/4
14.00b/03a 14.35/35 14.60/61
.14 up Hercules Powder Co.
871
Vanadium
341
15 up Homestake Mining
59
Walworth Co.
7}*
.
.15 up international Harvester
591
Warner Bros. Pict....
4
Batavia
Sambay
Spot
$7-1/4
$8
NY/London Cross Rate
closed 3.93-1/4
Int. Nickel
391
Westinghouse Elec.
110
Calcutia
Italphony
Int. Tel. Tel.
43*
Woodward Iron Cor.
flasikow
'Nov,
8-1/4
8
Johns-Manville
744
Dec.
8-7/8
Sily Duty Eate
.
61-08 61-10
8-1/8
Market: Uncertain.
Merchant Rates
Sterling. 0/4-13/10.
US Dollars, $T-7/8.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, November 24. Į Jap. 6% Ster. Loan, 1907 47 The following quotations are the Jap. 6% Ster. Loan, 1924 551
The Central Bank of China's middle prices at the close of the Ger, 1% Intl. Loan, 1924 6 rate on London at 10 am. today market in London. All quotations Chartered Bank was 1/2-1/28. unchanged from are subject to confirmation and yesterday.
no responsibility is assumed for
The Equalisation rate was 24-1/2 errors in. transmission, per cent
New York Exchange
New York, Nov. 25 (Reuter).
TT. on London (Opening Rate), 3,92-1/4
!!
India Rupee Paper
Bombay, Nov. 25 (Reuter). Govt. 31% Rupee, 87-9-9. Nom.-
Calcutta Exchange
Calcutta, Nov. 25 (Reuter). T.T. on Japan, 89-5/8;
SILVER MARKET
Bombay, Nov, 25. (Reuter).
Offtake nil. Market Quiet.
Indian Mint Silver
Ready..... Dec. 5 Settlement Jan, 6 Bettlement ...... 82-00
BROKERS' LOANS
New York, Nov. 23 (Reuter), Loan on securities to brokers in New York:-
Week-ended
Week-ended
Week-ended Nov, 17 Nov, 16 Nov 23 $575,000,000 $403,000,000 $484,000,000
Canton-K'loon Rly. 5% 17 Chinese 4% Gold Loan
1898 (Brit. Issue)...... 55 Chinese 5% Gold Bonds,
1025-47
Chin. 41% Anglo-French
Loan, 1908
Chinese 6% Crisp Loan.
+1912
Chinese 5% Reorg. Loan,
1913 dn. 12)
Chinese 8% Ster. Notes.
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan Homan Rly. 5%
Aukuang Rly. 5. 1911
Yakning Riy. 5%. 1911
(German Issue)
J. & Laughlin Steel 17 pfd. 72*
Chase National Bank National City Bank
341*
28
Honolul
Kobe
•-bid.
I-ex divi
1
DOW JONES AVERAGE
1939
&
High Low Dow Jones Average* Nov. 24, 168.92 121.44 20 Industriale
149.47
H.K. & S'hal Bank (Ldn.
Re)
83+
£
ar Loan, 31% (Red) after 1952)
.92
EK. & S'hai Bank (COL
Reg.)
85
35.90 24.14 20 Raile 97.07 20.70 0 Utilit 22.22 84.51 40 Bonds 60.63 45.69 11
3293
26,41
Nov. 26, 1939. High - Low) Qinan 149,75 143.04 148.84 32.97 32.73 3220 25.45 25.38 25.42
Change .17 ap ,03 off .01 up
90.05
Commodity Index 50.38
Chinese Eng, & Mining
(bearer)
89.92 58.31 Business Done :—290,000 shares
.13 off .00 off
B & 5 8 2 8.RE A
47
Chosen Corporation...... ................. Pekin Syndicate ..... S'hai Elec. Constr. Co. Shal Waterworks. “A”... Union Insurance
18 6/8
12/6 11 23
LONDON METALS
50
Gula Kalumpong Rubber 19/41. Allied Ironfounders
EXCHANGE
London, Nov. 34 (Reuter).
TIN
15/3
Asso. & Elec. Industries 39/6
27
Austin Motors, ord.
18/3
38
Cable & Wireless, New
Form, ord.
buyers
Standard, Cash 230 Standard,
sellers 2.
'TO-
B.-A. Tab. (bearer) ....
12
Mercantile Bank
Cammell Laird, ord.
53 95/44 11+ 6/71
3 months 230
unquoted
and TIENTSIN
55
Mexican Eagle
B
Armstrong Stevens, ord. 6 Pressed Steel, 'com.
15
Courtaulds
33/3
Vickers, ord.
14/44 17
17
Distillers
67/3
Woolworths
in 92/3
Patani
Haiphong Muar Swatow
(Johore) Tientsin Bankow Mukden
Tokyo Harbin New York Tsingtao Longhew Peiping Yokohama Iloilo
HANKOW
(Peking)
1
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year of 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 on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED Deposits
The Bank's Head Office in London received for one year or shorter undertakes Executor and Trusted 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.
terins which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Ruies may be obtain ed on application.
For the HONGKONG & SHANGHAL
BANKING CORPORATION.
V... M. GRAYBURN,
Chief Manager. Hong Kong, 23th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00
Reserve and Undivided
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
........
Board of Directora:
Sir Bhouson Chow, Chairman
Li Koon Chan, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. "Kan Ying To, Eag. Chan Ching Shulk, Esq. Fung Ping Wah Eng Kaa Tong Po, Esq., Chief Manager. Li Tea Fong, Esq., Manager.
Branches and Agencias:—
Koʻrioa Penang Singapore London Kangoo
Ewatc
Kelbourne San Fran. Bydney Nagusika
Disco Tiantain
New York Beattia Tancouver Partn
Paiping
Shanghal
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 THX CHASE NATIONAL BANK, NEW Yons, with Resources of over 1.8.$2,000,000,000.
D. M. BIGGAB,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT 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 facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, 'C. South China Offices:
Every description of Banking and Exchange business transacted. Loans granted on approved securities. · 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 rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chines Government both at Home and Abmad.
SHOU J. CHEN,
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD,
unquoted Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
KOBE and 'OBAKA “
SINGAPORE, PENANG and CALCUTTA, SANDAKAN
HAIPHONG
.i
Kuala
Francisco
Lumpur Shanghai **
London
Singapore
Lyons
Sourabaya
Malacca
Sungei
ALSO up to date Sare DEPOSIT Boxes in various sizes To LIT Hong Kong, 25th September, 1939,
HONGKONG SAVINGS
5,508,600,00
2,883,939.01
Macila
Balon
Sedang
Dunlop Rubber
27/41
Anglo-Dutch
28/9.
16
Lung Thing & U. Kai Rly.
14 5% 1913 S'hal-N'king Rly. 5%..... 20 Tientsin-Pakow` Rly, 5%
(Brit. Stpd.) Tientsin-Pakow Ely. 5% Smethwick Drop Forg.... 14
(German 8tpd.)
14. Tientsin-Pukow Rly, 5%.
(Brit. Btpd. Supi. Loan). 14 Tientsin-Pakow Rly. 5%.
(Ger. Styd. Bupl. Loan) 14
14
Gen, Electric (England) 78/3 Guinness (A) Son & Co. BS Hawker Siddeley Airc.... 18/3 Bristol Aeroplane Imperial Chemical Ind 30/9 Imperial Tobacco
120 Marks & Sp'cer "A" ord· 52/104 Rolls Royce...
18...
Rub. Plant. Invest. Trust 32/106 Burma Corporation...... 10/9 Commonwealth Mining.. Maranan Investments... 14/9 Randfontein Estates.
38/14
For further particulars
Western Holdings
11/74,
please apply to
Sub-Nigel
201/3
98/9
·Tanami Gold Mining...... 3d
Leyland Motora.
BB/6
Anglo-Iranian
Tate & Lyle
57/7 73 United Steel' ...--····
221/72 Smethwick Drop Forg.13/3
Turner & Newall
Burmah masisi
****81/14: ********81/104
Shell Trans, & Trad
(bearer)
---Nominal
82/6
JARDINE MATHESON&Co.,LTD TELEPHONE SOSII •GENERAL MANAGERS
Page 10Page 11