COMMODITY · MARKET
(FROM PAYNE & CO.).
SINGAPORE RUBBER
Nov. 24
S POT.
182 3/8
JAN./MARCH
APR./JUNE
40-1/4 buyers 38-3/4 36-1/2
#
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Corn, Dec. New York Hides, Dec. NEW YORK COTTON
Close 9.73/75
9.67 N
3.50/59
0.54/54
9.44/43
9.31/31
9.20/22
8.98/9.01
8.90/90
9:19 N.
9.10/10
9.94 N
8.46/46
20.40/41
19.37/40
20.30/30 20.35/35 10.30b/403 19.43/43
18.72/75
18.70/70
18.45/45
18.41/44
18.05 b
3
PAGE 10-HONGKONG DAILY. PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
NOVEMBER 27, 1939
On London:--
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand!/27/8 Credits 4 months' sight 1/3 1/4
On Shanghai:-
On demand
On demand
990
52 3/4
On demand............. 103.1/4.
Telegraphic Transter.
and demand........
Bank Bulls, on demand 34 6/16 Credits, 60 days' night 25 1,8
45 1/8
On Singapore:-
On Japan:-
On India:
On New York:-
Un Batavia:-
On demand
On Paris:-
Bank Bills, on demand 1090 Credits 4 months' aight 1145
Un Saigon ----
On demand
108 1/2
the Manila: -
On demand
45 1/8
On Bangkok:-
On demand
Sterling Notes:-
Bank Buying Rate
Bat Stiver per oz.
149 1/2
1/3 3/4 93 7/18
11
Market Report
FROM BOZA BROS.
Silver prices were unchanged over the week-end the 'quotations remaining at 23.7/16 for Ready and 23.9/16 for Forward, Ameri- can 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 393.1/4
Quiet.
Market
Sterling
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
The market was uncertain.
COTTON: There was some December liquidation, while buyers were less aggressive, Hedging and foreign selling of later positions were additional factors for easiness, but Trade support on the scale down was evident. RUBBER:
..
December liquidation was readily absorbed and there 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.
CORN: A better seeding is reported. The Trade is hopeful of a good export demand, Country interests are holding for advances and the tendency is moderately bullish.
.:
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 close, 148.47; Today's ́close, 148.64; Change, up .17.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs, Swan, Culbertson & Fritz and S, E. Levy & Compány)
There were sellers at 1/2,31/32 December November/January, and 1/2.15/16 January February/March. buyers at 1/3 for March near and forward:
ཟ་
U.S. Dollars
May
July
Spot
Sellers at 24.7/16 November, buy-July (New contract)
ers at 24.0/16 Cash.
Shangba Dollars
Sellers at 309.
Shanghai Market
Opening 9.65/65
.11 off
October(new contract)
NOTE: December cotton, first notice day:-27/11/39 last notice day:-15/12/39,
NEW YORK RUBBER
Sellers of Sterling for Spot at December 4.7/8. The lowest rate touched March
was 4.3/4 Closed with sellers for May Spot at 4.25/32. U.S. Dollars open-July
ed with sellers for Spot at 8 and September
the lowest rate touched was 7.3/4. At the close sellers were quoted at 7.13/16.
Note: December rubber, first notice day:-28/11/39 las notice day:-27/12/39.
Total sales for the day:-350 tons. CHICAGO WHEAT”
}
NEW YORK STOCK EXCHANGE
Bendix Aviation
Eagle Picher Lead
QUOTATION
23+
to
NOVEMBER 26, 1939 STOCKS
Paramount Pictures
TUESDAY, NOVEMBER 28, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital... $50,000,000.
STOCKS
Last Sale
1
Nov. 25
Adams Express
81
Kennecott Cooper
Alleghany Steel Co. .................
22
Likey Foundry & Mac...
Last Sale
Noy, 25 391 4
Reserve Funds:
Sterling、、、、、
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
Issued & Fully Paid-Up-$90,000,000 Incorporated by Royal Charter, 1853
Paid-Up Capital £8,600,000 Reserve Fuad
AND CHINA
£3,000,000
£3,000,000
Reserve Liability of
Allled Stores
91
Libbey-Owens-Ford
Glass
52
Proprietors
...$20,000,000
prietors
.£3,000,00%
HEAD OFFICE: LONDON:
Allis Chalmers pressieserierzende
391
Lockheed Aircraft
MA
291
Aluminium Ltd
102*
Loew's Inc.
Head Office:—HONG KONG
35
REVIEW
Amerada Corp.
Mack Truck Inc.
283
Amer. Can
1113
Manhattan Shirt Co.
American Cyznamid B
317
Martin Glen L
393
New York, Nov, 25.
Nov, 25 40-5/8 buyers 39-1/8 37
Amer. & Foreign Power
21.
McKesson & Robbins, pid
Ameri & Foreign $7 pi....
887
Monsanto Chemical
Board of Directors: Hon. Mr. A. L Shields,
W. H. Lock, Esq.,
105)
Change
American Gas & Mec
381
Montgomery Ward
Chairman.
Deputy Chairman,
543
up 3/8
Amer. Locomotive musetii
National Aviation,
113
up 3/8
Amer. Metals Co.
241
Nat, Dairy Products
J. K. Bousfield, Esq., A. H. Compton, Esq.,
16
ap 1/2
Amer. Radiator..."
101
Nat. Distillers
24
D. F. Landale, Esq.,
Amer. Rolling Mill
173
National Gypsum
111
Amer. S'ting and Ring Co. Amer. Sugar Refining Amer, Tel. Tel .... Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 8. Fe. Auburn Motors ...... Baltimore & Ohio Barber Asphalt Co Barnsdall O
52
National Lead.........
201
K. S. Morrisen, Esq.,
211*
Nat. Power & Light
Hon. Mr. T. E. Pearce,
1697
National Steel Corp.
13
H. V. Wilkinson, Esq..
831
Nat. Supply Corpn.
91
117
New York Central
19
Sir Vandeleur M. Grayburn,
Chief Manager.
314
Niagara Hudson Power .
7}
261
N. American Aviation
Branches;
243
31
North American Co.......
221
Amioy
Ipoh
Northern Facific
91
Bangkok
Johore
153*
Owens-linols Glass Co.
Batavia
Kobe
644*
127
Pacific Gas & Elec.
Bombay
Kowloon
Penang Rangoon Saigon San
Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
38, Bishopsgate E.C.2.
Sub-Agencies In London: 117, 12, Leadenhall Street, E.0.3. West End Branch; 14/18, Cookspur Street, S.W... Manchester Branch: 89, Mosley Street, Manchester, R AGENCIES AND BRANCHES:
HARMIN
ALOB STAK AMRITBAR BANGKOK BATAVIA BOMBAY
CALCUTTA
HONG KONG HANGOON
KLANG
AGENCIES: KOSE CLIFE STRERT
FARGIN PLACE KUALA
CANTON QAWNPORE
LUMPUR KUCHING
MADBAL MANILA
PENANG
ILOILO
SAIGON
IFOR
BEREMBAN
KARACHI "
SHANGHAI
SINGAPORE
SITIAWAN
SOURARIYA
TAIPING
CAT
COLOMBO DER
KIDAN
‚TIENTS IN
TONGEAX
(Bhuket)
TINGTAO
321
Calcutta
Kuala
Francisco
291
Pacific Lighting...
47*
Canton
Lumpur Shanghai
Bethlehem Steel Bliss & Co..
821
Packard Motors
Chefoo
London
16*
Colombo
Lyons
Singapore Sourabaya
Boeing Airplane Co.
25%
Pennsylvania R.R.
23
Dairen
Malacca Sungei
Borg-Warner
251
Phelps-Dodge
388
Foochow Manila
Biggs M'facturing
224
Philips Petroleuma
40%
Haiphong Muar
Patani Swatow
Brooklyn-M'hattan Trana.' |Brooklyn-Manhattan $6 Canadian Pacific" R'way. Case J. Celanese
132
Pittsburg Coke & Iron
91:
Hamburg
Bankow
Mukden
Tokyo
47+
Public Service of N.J.
40
Harbin
41
Pullman Inc.
344
Bongke
70+
Pure Of
Iloilo
251
Radio Corpn. of Am.
51
Chesapeake & Ohio
421
11
Reading Company, Com:
181
Chrysler Corpη
85
Reading Company, 1st pid
254
Climax-Molybdenum Cd.
.461
Remington Arm, Co., Inc.
4**
Prev. To-day's High Low Close Close Change 9.68 9.58 9.73 9.61 12 off 20.35 20.30 20.40 20.35 88-3/8 87-3/4 88-1/4 88-1/4 50-1/2 50-1/4 50-1/4 50-1/2 14.02 13.95 13.86 14.00b
Colts Patent Fire Arms Columbia Gas & E.
871*
Republic Aviation Corp..." 54
81
Republic Steel
231
Columbia 8% "A" pt.
847*
Reynold Tobac. ""
394
.05 off unch, 4. up
Commercial Credit Co."
461
Richfeld Ol
9
Com. & Southern (ard)
Safeway Stores
491
BOXES in various zes To LIT. Hong Kong, 25th September, 1939.
Colmonwealth $6 cum. pið.
Schenley Distillers .......
131
14 up
Consolidated Edison
301
Schenley Distillers $5) pfd.
Closing
9.61/61
Change .12 off
Consolidated Oli
72
Sears Ruebuck
811
Continental Can
434
Shell Union Oil
13
9.56 N
.11 off
Continental Of
244
Cocony-Vacuuma Of)
127
9.43/43
Com Products
641
Southern Pacidé
151
9.20/20
/ 11 off
Curtiss Wright (C),
91
Southern Riy $5 pfd.
34
8.02 N
.06 off
Curtiss Wright "A"
297
Sperry
454
9.11/11
.08 OFT
Deere & Co.
21%
9.82 N
.12 off
Distillers Corpn. Seagrame
18
Spicer Manufacturing. Co., 301* Standard Brands
.......
54
8.52/52
Douglas Aircraft
75*
Stand Gas Elec,
2}*
Du Pont de Nemours
177
Standard Oil of California
251
121
Standard Oil of NJ.
45)
Eaton Mfg. Co.
28+
Stone & Webster
111
Hong Kong, 25th Feb., 1939.
Elec, Autolite
381
.05 off
Studebaker Com
83
18.76/76 18.35b/40a
06 up .04 up
Elec. Bond & Share .....
B1
Swift International
301
Elec. Bond & Share $5 pt.
57*
Technicolor .......
12*
16.05 b
.10 off unch.
Elec. Bond & Share 36 pl. Elec. Power & Light 37 pl Flintkote 4 N91020
68
Texas Corpn.
451
BANK OF EAST ASIA, LIMITED
301*
Texes Gulf Sulphur
341
227
Trans-America Co.
61
Food Machinery Corp.
20th Cent. Fox
131
Paid Up Capital
Gen. American Trans. ... 34 Gen, Electric ..
20th Eent, Fox. $1) pt.
24
Profita
5,598,800,00
2,883,832.01
391
Union Carbide & Carbon
881
Gen. Motors
53+
Union Pacific
1001
and"
..
US. Dollars
..
Afternoon Market
The market was quiet in the ar- ternoon.
Sterling
The market closed with sellers! December
at 1/2.31/32 November/February May
1/2.15/16 February/March, July
buyers at 1/3 for near and for- WINNIPEG WHEAT ward.
247/18 sellers November, 24.5/16 July
December
881/381
May
..... 853/857
July
881/881 857/86 83+/831 831/83)
881/881 852/853 831/831
unch
Gen. Railway Signal
19
United Aircraft
45+
Gen. Tire & Rubber
222
United Airlines Trans.
13
Glidden Ca........
171
United Corp.
24
Friday's sales:-13,242,000 bushels..
CHICAGO COEN
Goodrich (B.F.)
21
United Corpn. $3, cum. pt.
382
IE
Goodrich $5 pf
65*
United Gas Corpn. "...
21
501/501 501/501
504/503
0-1/4 up
Goodyear Tire & Co.
244
United Gas Improvement 147
522/521 527/522
521/521
521/521
unch.
Great Northern Iron Ore ...
17#
U.S., Industrual Alcohol.
2t
521/53
+
Great Northern Rly, pfd.
273.
|US. Rubber.
39$
Great Western Sugar
29
U.B. Rubber $8 pfd.
1111
December
7010
701/701
May
........... 75a
... 76ja
701/7010-1/8 off 747 2 0-1/8 p 767/701 0-1/8 'up
Greyhound Corpn.
181
U.S. Steel
671
י
Hercules Powder Co.
871
Vanadium
342
Homestake Mining.
59
Walworth Co.
73*
Atady
Korloom
December
and 24.2/16 January NEW YORK HIDES buyers at 24.3/15 for Cash.
December
D
"
International Harvester Int. Nickel
59)
Warner Bros. Pict.
4
Bateria
Loudon
PRALAT
Bangoon
Bombay Kantin
391
13.86/87
Shanghal Dollars
March June
14.20/20
14.45/45
13.80h/958 14:20/20 14.50/50
at 305, buyers at 307,
14.00b/03a 14.35/35 14.80/81 closed 3.93-1/4
Westinghouse Bloc,
110...
Unleatis
.14 up
.15 up
Int. Tel &" Tel. Johns-Manville
47*
Woodward Iron, Cor.
Haiphong
744
.15 up
Shanghai Market
1938
High Low Dow Jones Averages,
155.92 121.44 30 Industrial
35.90 24.14 20 -Blaže
97.07 20.70 20 · Utilimes
14
32.22 84.51 40 Bouds
14
At the close sellers were quoted New York, Official .... 34-8/4.
NY/London Cross Rate
Sellers of Sterling for Spot at 4.7/8 and towards the close sellers were quoted at 4.13/16 for Spot.
Shanghai Exchange
Shanghai, Nov. 27 (Reuter).
Official T.T. Rates
0/4-1/2
LONDON STOCK EXCHANGE
“RKUTER'S SERVICE)
London, November 24. Jämethwick Drop Forg.... 14 The following quotations are the
middle prices at the close of the 7-5/10
market in London. All quotations 31-1/8-
are subject to confirmation and 24-7/8 no responsibility is assumed for 3.30 errors in transmission. 29-7/8 Opening War Loan, 31% (Red after 1952).
92 Closing/ Canton-Kloon Rly. 5% 17 0/4-13/16" Thinese 41%. Gold Loan 0/4-7/8 0/4-13/16 1898 (Brit. Issue)...... 55 0/4-27/32 0/4-25/32"
Chinese 5% Gold Bonda,
-1575-47............
Chin, 41% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan,
(German Stpd.) Tientsin-Pukow Riy. 5% (Brit. Stpd, Supl Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) 14
Jap. 5% Ster. Loan, 1907 47 Jap. 6% Ster. Loan, 1924 551 Ger. 7% Intl, Loan, 1924 61 Chartered Bank
Gunners (n) Bài đi GO, BỘ Hawker Siddeley, Airc.... 10/3 Bristol Aeroplane
18. Imperial Chemical Ind. 30/9 Imperial Tobacco
120
INDO-CHINA
Marks & Spicer "A" ord. 52/10 STEAM NAVIGATION COMPANY LTD.
SWATOW, SHANGHAI, TSINGTAU, CHEFOO.
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA]
SANDAKAN
HAIPHONG
London
New York
Japan
India
Paris Hongkong
Bellera
8
Spot
Opening 0/4-7/8
X. & S'ha! Bank (Lan Regj
834
Rolls Royce
98/9
Nov.
Dec.
RK. & Shal Bank (Col.
Reg.)
Leyland Motors
88/6
Operating Services for Cargo and Passengers
-85
Tate & Lyle....
57/7)
TO-
U.S. Dollars
apot
$8'.
Nov. Dec.
8 7-7/B
$7-7/8 7-7/8 7-3/4
«
Chinese Eng, & Mining
(bearer)
Turner & Newall
73
18
United Steel .......
21/71
50
Chosen Corporation
8/6
Smethwick prop Forg
13/3
Pekin Syndicate.
Armstrong Stevens, ord. 6.
'Market:-Uncertain.
1912
hal Elec: Constr: Co. 1 12/8
Pressed Steel, 'com.
14/41
+4
i Merchant Rates
Chinese 5% Reorg. Loan,
Shai Waterworks. “A”.
11
Vickers. ord.
17
1913 Eda. "Is.)·
38
Union Insurance
Woolworths
62/3
Sterling, 0/4-3/4.
Anglo-Dutch
28/9
Rab. Plant. Invest. Trust 32/104 Burma Corporation
10/9
4.
55
16/3,
53-
Commonwealth Mining... Marsman "Investments... 14/9. Randfontein Estates
For Further particulars
38/14
B.-A. Tob. (bearer)
95/4
Western Holdings
11/71
please apply to--.
Mercantile Bank .....
111
Sub-Nigel
20173
Gammell Laird, ord..
6/71
Tanami Gold Mining.....
14
Mexican Eagle ......
8
Anglo-Iranian
81/11
20
| Courtaulds
·:33/3
Burmah
61/10)
Distillers...
Shell Trans. & Trad. Na
Danlop Rubber
27/41
(bearer)
82/8
-Nominal
སྦེ༦ རི་རྨ་ཆུས་བ༤ ་དང་
U.S. Dollars, 57-11/16,
Silver Duty Rate The Central Bank of China's rate on London at 10 a.m., today was 1/2-1/24,
The Equalisation rate was 24-1/4
per cent.
Diamond drill operators 34 Canada working under contract an mineral deposits during 1938 drilled a footage of 2.206.773- almost 435-miles.
Chinese 8% ter, Notes,
1925 (Vickers)
Chin. Imperial Rly. "5%
Loan Honan Rly. 5%
Hukuang Rly. 5%. 1911 17 Hukuang Rly 5%, 1911
(German Issue) Lung Tsing & U. Hal Rly,
4% 1913 ghal-N'king Rly, 5% Tientsin-Pukow Rly 5%
(Brit. Stpd3 Tientsin-Pukow Rly. 5%
14
Gula Kalumpong Rubber":18/41.
Allied Ironfounders...... 15/3 Asso. & Elec. Industries 39/6. Austin Motors, ord." Cable Wireless. New
Form, ord.
Gen. Electric (England) 76/3
JARDINE MATHESON&Co.,LTD. TELEPHONE:KOZIL GENERAL MANAGERS
| J. & Laughlin Steel $7 pfa 72*
*bild.
DOW JONES AVERAGE
Chase National Bank ........... 343* National City Bank
Robe
28
1-ez div.
Nor. 26, 1939.
Nov. 21, High
Low Cinee
148.47
*32 93
25:41
148,75 14204 148.64
33.97 32,73 32.30. 25.45 28.38 25:42
90.05
80.53 45.59 11 Commodity Index 68.39
Chanve 17 ap .03 GE Sót 89.02 .13 off 56.31 ..08 σA
rencies on terms which will be quoted on application. "
(Johore) Tientsio
New York Tsingtao Peiping Yokohama
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITE received for One Year or shorter periods in Local or Other Carrencies at rates which will be quoted on application.
SAVINGS ACCOURTE 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 Office in London received for one year or shorter undertakes Executor and Trustes periods in Locs! and other Cur-business, and claims recovery of rencies on
terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at ALBO up to date SAFE DEPOSIT any of the Agencies and Branches.
R. A. CAMIDGE,
Manager,
HONGKONG SAVINGS
BANK
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
The Business of the above Bank is conducted by the HONGKUNG & SHANGHAI BANKING COB- PORATION, Rules may be obtain-An ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
"Chief Manager.
Authorised Capital......$10,000,000.00
Beserve and Undivided
Head Ofice: HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shouson Chow, Chairman
Li Koon Chan, Keq.
Li Lan Sang, Bag. P. K. Kwok, Esq.. Wong Chu Son, Esq. Wong Tan Toug, Esq. Kan Ying Po, Eag Chan, Ching Shok, Esq. Fung Ping Wah Eag
Kan Tang Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.
Branches and Agencies :
Baigion Mabor Ban Fran
Hasicow Kew York -Hosainla
Parin
Poiping
Singapore
Bourabaya
Bestow
cisco Seattle Vancouver
Bemarang
Shanghai
El
HEAD OFFICE:
13, PINE STREET,
NEW YORK, 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.$2,200,000,000,
D. M. BIGGAR,
Second Vice Prea.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE-
1.
BANK
PAID-UP CAPITAL $40,000,000.00 (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. Loanı granted on approved securities.
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re SHIUCHOW
"CANTON
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds
ceived for poе year or shorter periods in Local and Foreign Curand other Public Funds of the
IH,
HAIPHONG KAMBURG HANKOW
YOKOHAMA
BATE DEPOSIT BOXES TO Lar..
Chines Government both at Home and Abroad.
KAN TONG-PO,
Business Done":290,000 abares
Chief Manager.
SHOU J. CHEN,
Manager.
Page 10Page 11