Bank Bills, or demand 24 1/4 Credits. 60 days' sight 25
Bank Bills, on demand 1500 Credits 4 months" sight 1145
Un Saigon
T On demand
Un Manila:-
On demand
On Bangkok:-
On demand
Sterling Notes:-
The market was quiet,
COTTON: The Trade continues buying of Learby positions, ab- sorbing a moderate amount of hedging and liquidation The Spot market rules easler. Interest is now being centered on the outcome of the December position. We doubs much reaction, and continue favour, purchases of May and July contracts.
RUBBER: After a firm opening; the Spot market became easier, 108 1/2 causing dealers to sell. Trading was moderate. Sentiment was mix-
ed but there was some factory demand on declines.
FROM ROZA BROS. Silver prices were unchanged yesterday, "the quotations remain- ing at 23.7/16 for Ready and 23. 9/16 for Forward. Silver advices reported the market as being idle.
WHEAT; The market is steady in spite of a fair amount of | liquidation. There is no change in the unfavourable weather news. We expect hardening prices for Corn as the heavy feed- CORN: Ing season is approaching and the movement of corn into the Loan continues.
NEW YORK STOCKS: $148.59; Change, off .05,
NEW YORK COMMODITY MARKET
"(By Courtesy of Messrs, Swan, Culbertson & Fritz and S. E. Levy & Company)
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper Atchison, T. & 3. Fe. Auburn Motors...
WEDNESDAY, NOVEMBER 29, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
NOVEMBER 29. 193
On London:——..
Telegraphic Transter. 1/2 7/8 Bank Bills, on demand1/3 7/8" Credits 4 months' sight 1/31/4 On Shanghai:-
On demand
On Singapore:—
293
PAYNE & CO.
{
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
QUOTATION
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
STOCKS
Last Bale
Nov. 37
NOVEMBER 28, 1939
STOCK'S
Last Bale
Nov, 27
Authorised Capital....... $60,000,000
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1983
Reserve Funds
Sterling
Adams Express
#1
Ikey Foundry & Mac.
4
Alleghany Steel Ca
22
Lubbey-Owens-Ford
Glass
521
Reserve Liability of
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Paid-Up Capital £6,500,000 Reserve Fund
.£3,000,000
£3,000,000
prietors
...£3,000,000
Allied Stores
97
Lockheed Aircraft
291
Proprietors
.....$90,000,000
HEAD OFFICE: LONDON:
Allis Chalmers
381
Loew's Inc.
344
Head Office:-HONG KONG
Aluminium Ltd
102
Mack Truck Inc. ......
291
Amerada Corp
Manhattan Shirt Co.
Amer. Can
111
Martin, Glen L
391
On demand
68 3/4
New York November 27.
On Japan:
On demand
103
On India:-
Telegraphie Transier.
SINGAPORE RUBBER SPOT
3,8
and demand
JAN.-MARCH
On New York:-
· APRIL-JUNE
Nov, 25 40-5/8 buyers 39-1/8 37
Nov. 27
Chẳnge
American Cyanamid B. Amer. Foreign Power 21 Ameri & Foreign $pf.... 28 American Gas & Elec
327
McKesson & Robbins, píd.
Board of Directors: Hon. Mr. A. L. Shields,
:
Monsanto Chemical
106
W. H. Lock, Esq.,
| Montgomery Ward
543
38
National Aviation
123
40-3/8 buyers 38-7/8 36-5/8
off 1/
Amer. Locomotive
223
Wat. Dairy Products
16:
J. K. Bousfold, Esq., A. H. Compton, Esq.,
off 1/4
Amer. Metals Co.
25
Nat Distillera
233
oft 3/8
Amer, Radiator
101
National Gypsum
11
D. F. Landale, Esq.,
Amer. Rolling M
173
National Lead
201
Amer, S'ting and R'ing Co.
52"
Nat Power & Light
B}
K. S. Morrison, Esq.,
Un Batavia:—
On demand
On Paris:-
"
45 1/8
Amer. Sugar Refining Amer. Tel. & Tel
211
National: Steel Corp.
il
737
Hon. Mr. T. E. Pearce,
1. Chairman.
Deputy Chairman,
Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
38, Bishopsgate E.0.3. Sub-Agencles In London:
117,is, Leadenhall Street, E. C.3. West End Branch:
14/16, Cockspur Street, S.W.1.
"Manchester Branch:
52, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
ALOR STAR AMRITSAR BANGKOK
BATAVIA BOMBAY
}
i
HARBIN HỒNG KÔN ILOILO IPOB
PENANG
RANGOON SAIGON
SEREMBAN
1693
Nat. Supply Corpn.
91
H. V. Wilkinson, Esq.
CALCUTTA
KARAON! KLANG
SHANGHAI
SINGAPORE
821 12
311
New York Central Niagara Hudson Power N. American Aviation
181
Sir Vandeleur M. Grayburn,
AGENCIES: XOBE CLITE STARKT
SITIAWAN
71
Chief Manager. FAIRLIE PACK
KUALA
241
Branches:
261
North American Co.
22]
34
Northern Pacific.
Amoy
Ipob
Baltimore & Ohio
Bangkok
Johore
$1
Owens-Illinois Glass Co.
63
Batavia
Kobe
48 1/2
149 1/2
Bank Buying Rate
Bar Silver per os.
1/3 3/4 23 7/18
Market Report
Barber Asphalt Co
Penang Rangoon Saigon
16
Pacific Gas & Elec.
32+
Bombay
Kowloon
San
Barusdall Ol
134
Pacific Lighting
+7*
Calcutta
Kuala
Francisco
t
Bendix Aviation
291
Packard Motors
37
Canton
Bethlehem Steel
323
Paramount Pictures
81
Chefoo
London
Singapore
Bliss & Co.
181
Pennsylvanis R.R.
223
Colomba
Lyons
Boeing Airplane Co.
251
Phelps-Dodge
39
Daired Malacca
Previous close, 148.84; Today's close, Borg-Warner
251
Foochow Manila
.. Patani
Phillips Petroleum
"401
Biggs M'facturing Brooklyn-M'hattan
23
Pittsburg Coke & Iron
81*
Haiphong Muar
Swatow
Trans.
134
Hamburg (Johore)
Tientsin
Public Service of N.J.
*401
Bankow "Mukden Tokyo
Brooklyn-Manhattan şe
40%
Pullman Inc:
34
Harbin
Canadian Pacific R'way.
4:3
Pure Oll
9
Eongke
Case J. I
69
Radio Corpn. ut Am.
51
Iloilo
Celanese
251
Reading Company. Com
161
Chesapeake & Ohio
421
Reading Company, ist píd
251
20.51
681 871
Prev. To-day's High Low Close Close Change 0,70 9.59" 9.61 9.68 07 up 20.37 20.35 20,37 .02 up
B8) 871
од
Chrysler Corpn
85
Remington Arms Co., Inc.
Cllmax-Molybdenum Co. i
481
Republic Aviation Corp.
51
Colts Patent Fire-Arms
88
Republic Steel
23
Columbia Gas & El.
61
| Reynold Tobat. “3"
391
Columbia 6%.“A” DI.
841
Richfeld 'On
9
New York Hides, Dec.
502 504 14.16 14.05
501 501 unch. 14.00b 13.98b02 off
Commercial Credit Co.
451
Safeway Stores
497"
Com. & Bouthern (ord)..
18
Schenley Distillers
131
Lumpur Shanghai
Sourabaya Sungei
New York Tsingtao Peiping Yokohama
HAIPHONG HAMBURG
HANKOW
MUDAN
NEW YORK PELPING
(Peking)
TRINGTAO
TOKOBAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS 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
"
CURRENT ACCOUNTS opened in on application. LOCAL CURRENCY and FixID DEPOSITS The Bank's Head Office 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.
terms which may be ascertained at Also up to date Sare DeroSIT any of the Agencies and Branches. Boxs in various sizes To Ler
R. A. CAMIDGE, Hong Kong, 25th September, 1939.
Manager.
CANTON CAWNPURE CHAEO COLOMBO DELAI
LUMPUR
KUCHING MADRAS
SOURABAYA
TALPING TIENTS IN TONOZAR
MANILA
(-Bhuket)
Colmonwealth $6 cum pfc.
NEW YORK COTTON
Close
Opening
Quiet.
December
9.61/81
9.59/59
Closing 9.68/70
Schenley Distillers 354 pfa.
Change
Consolidated Edison
301
Sears Roebuck
811
-.07 up
Consolidated Off
Shell Union Oil
131
January
9.56 N
9.54/54
9.64 D
.08 up
Continental Can
43
Secony-Vacuum Ou
127
HONGKONG SAVINGS
BANK
A
THE CHASE BANK
9.43/43
9.43/43
9.48/48
05 up
Continental ont
24.
Southern Pacific
157
9,20/20
9,20/20
9.26/27
.06 up
Com Products
642
Southern Rly $5 pfd.
341
8.92 N
8.89/89
8.94/94
02 off
| Curtiss-Wright (C.)
101
Sperry
451
... 9.11/11
9.05/05
9.08/08/
.03 off
Curtiss Wright "A"
301
Spicer Manufacturing Co.
303
1.S. Dollars
"October (New Cont.) Spot ....
0.82 N
8.52/52
8.46/47
9.89 N 8.48/48
.07 up
Deere & Co.
211
is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain-
Standard Brands
51
ed du application.
.04 of
Distillers Corpn. Seagrams
177
Stand Gas & Elec.
28
Douglas Aircraft.....
761
Standard Oll of California
253
Du Pont de Nemours
1771
Standard Ol of N.J.
454
Eagle Picher Lead
12/
Stone & Webster
114
NEW YORK RUBBER
December
Eaton Mfg. Co.
281*
Studebaker Com.
87
Hong Kong 25th Feb., 1938.
Opened
with sellers at 307. March
20.35/35 20.45/47 19.43/43 19.60/54
20.37/39
Elec. Autolite
36)
Swift Internutions)
301
02 up
Elec. Bond & Share
8
Technicolor
124
13.75/76
18.78b/90a
18.35b/40a unquoted
September
18.05h
19.37/37 18.68b/69a 18.25/25 18,00b/03a
.06 off
Elec. Bond & Share $5 pr.
57*
Texas Corpn.
453
.08 OIT
Elec. Bond & Share $6 pl.
671
Texes Gulf Sulphur
34
10 Off
.05 off
Elec. Power & Light 37. pf.
Flintkote
31+
| Trans-America Co.
31
21
20th Cent. Fox
137
Authorised Capital...
Gen. American Trans.
Paid-Up Capital
541
20th Cent. Fox. $1 pf.
231*
Beserve and Undivided
Gen. Electric
391
Union Carbide & Carbon
Profits
2,883,932.01
Total sales for the day:-1.570 tons.
Gen. Motors
54
The Business of the above Bank 16, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
BANK OF EAST ASIA, LIMITED
$10,000,000.00 | -3,698,600.00
HEAD OFFICE;
18, PINE STREET, An American Bank offering com
NEW YORK.
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 CHABE NATIONAL BANK, NEW YORK, with Resources of over U.S.$2,900,000,000.
D. M. BIGGAR,
Second Vice Pres
Union Pacific
100+
Gen. Railway Signal
i. 19
| United Aircraft
451
Head Office:-HONG KONG
Gen. Tire & Rubber
221
United Airlines Trans.
13
No. 10 Des Voeux Road, Central.
Glidden Co.
sellers at 7.13/18 for cash. Later July
the market eased off and sellers
881/881 881/882 88/871 852/852 851,86 834/33) 831/831
171
2 off
United Corpn.
2}
Goodrich (B.F.)
201
86/961
1 up
United Corpn. #3 cum. pf.
382
Board of Directora:
Goodrich $5 pl.
*65*
837/84
United Gas Corpn......
21
Siz Shouson Chow, ChaïmAKA
. up
Goodyear Tire & Co.
241
United Gas Improvement 15
Great Northern Iron Ore
171 -
Revere Cop. & Brass Inc.,
151
Great Northern Riy, pid., 281
US., Industrual Alcohol,
211
December
501/501
504/501
50/504
unch.
Great Western Sugar
282
UA. Rubber ...
39
May
July
524/528 524/521 527/53
521/521
i up
Greyhound Corpn
18
0.8. Rübber 38 pið.......
1111
53/527
unch,
Hercules Powder Co.
US. Steel
67
WINNIPEG WHEAT
Homestake Mining".
58
Vanadium
341
International Harvester
59
Walworth Co.
81*
AMBY
December
Sterling
May
43
708/701 741a 789/761
70/70
707/701
1 up
Ent. Nickel
381
Warner Bros. Pict.
4.
75 A Tejb
i up
ذا
Int. Tel. & Tel
41
Westinghouse Kiec.
unch.
Johns-Manville
741
Woodward Iron Cor. .....
25
NEW YORK HIDES
J. & Laughlin Steel $7 pid. 72* Kennecott Copper
39%
Chase National Bank National City Bank
342*
271"
U.S. Dollars
י
March .... June
14.006/03a 14.05b/162
14.35/35 14.47/45 14.60/81 14.68/70
13.98b
02 off
14.30/31 14.590- 34-3/4
.05 off .01 of
⚫-bid.
1-62. dlv.
A small business
done Was
American Silver was quoted at New York Cotton, Dec. .. 34.3/4 for Spot..
New York Rubber, Dec.
The London/New York cross-rate-Chicago Wheat, Dec. was quoted at 402. New York/Chicago,Corn, Dec. London was quoted at 392.1/2.
Market
Sterling
There were sellers at,, 1/2.31/32 March ".. November December probably May January and 12.15/16 February July
March. buyers at 1/3 Cash and July New contract) 1/231/32 March,
Sellers at 24.3 8 November. 24.1/4 NOTE: December cotton. first notice day:-27/11/39 last notice December and 24.1/8 January.day:-15/12/39. buyers at 24.12 Cash and 24.5/16 December.
Shanghal Dollars
Some business was reported at 310 July and 311. The market closed with May sellers at 307 for Spot,
Shanghal Market
Note: December rubber, first notice day:-28/11/39 last notice
Sterling opened with sellers for day:-27/12/39: · Spot at 4.25/32. Subsequently the market eased off and sellers were
quoted at 4.3/4 for Spot. At the CHICAGO WHEAT
close there were sellers at 4.13/10 December
fat Cash. U.S. Dollars opened with May
were quoted at 7.3/4 for Cash. At CHICAGO CORN
the close there were sellers at 7.27/32 tor Cash
Afternoon Market
The market was quiet in the at- ternoon.
The market closed with sellers July At 1/2.31/32 November/January and 1/2.15/16 February/March. buyers at 1/3 Cash and 1/2.31/32 December February.
The market closed with sellers/New York, Official ...... 34-3/4 "at 24.3/8 November, 24.3/16 De-NY-London Cross Rate 3.93-1/4
cember and 24.1/18 January, buy-
ers at 24.1/2 Cash and 245/18
December.
Shanghal Dollars
י.
Sellers at 307, buyers at 309.
Shanghai Market
Sellers for Spot at 4.13/16.
Shanghai Exchange
Shanghai, Nov. 28 (Reuter)..
Official T.T. Rates
London
New York
Japan
India
Paris
Hongkong
Sellers
0/4-1/2
7-5/18
31-1/8
24-7/8
3.30
SILVER MARKET
LONDON SILVER
London, Nov. 27 (Reuter). Silver-Small business. Market idle. In the afternoon the marketį was idle.
Spot, 23-7/16d,
Forward, 23-9/16d
I
NEW YORK SILVER
New York, Nov, 21 (Reuter). Official Price, 34-3/4.
BOMBAY SILVER
Bombay, Nov. 27 (Reuter).
29-7/8
| Market-Quiet, Offtake 20 bars. Opening
Indian Mint Silver
Opening Closing 0/4-13/18 0/4-53/64 0/4-13/18 0/4-53/64 0/4-25/32 0/4-13/16
Spot
Nov.
Dec.
U.S. Dollars
Spot
Nov.
Dec.
$7-27/32 $7-7/8
7-27/32 7-23/32
Market: Quiet.
7-7/8
→ 7-3/4
Merchant Rates
Sterling, 0/4-25/32.
<<
U.8. Dollars, $7-13/18, ....
Silver Duty Rate
The Central Bank of China's rate on London at 10 am, todar was 1/2-1/2d, unchanged from yesterday.
The Equalisation rate was 24-1/4:
per cent.
Ready
Dec, 5 Settlement Jan. 6 Settlement
New York Exchange
81-08
81-08 81-14
New York, Nov, 27 (Reuter), TT. on London (Opening Rate), 3.91-1/2"
India Rupee Paper
Bombay, Nov. 27 (Reuter); Govt. 34% Rupee, 87-0-0.
Calcutta Exchange
Calcutta, Nov. 27 (Reuter). TT on Japan, 80-6/8.
LONDON METALS
EXCHANGE London, Nov. 27 (Reuter).
TIN
buyers sellers
£
£ unquoted
Standard, Cash 230 - Standard,
3 months 230
unquoted
LONDON GOLD
London, Nov. 27 (Reuter). Bar Gold, Fine per oz., 188,
"With
the publication of the | August imports by Canada from the various countries of the world, there draws almost to a close the record of commerce
the Dominion prior to the outbreak`of hostilities in Europe, so that the August Agures show that com- merce in its peace-time Com" plexion," states a report issued by the Dominion Bureau of Statistics of the Canadian Gor- ernment, The total imports to Canada in August, amounted to $62.708.079 compared with $57,028,- 288 in August 1938. Imports into Canada for the first eight months of the year amounted to | 1441,787,000, a decrease however of 1.7 percent from the correspond- `ing period of 1938,
1938
DOW JONES AVERAGI
High Low Dow Jones Average, Nov. 23, 155,99 121.44. 30 Industriala
35.90 24.14- 20 Baile
1124
Nov. 28, 1939. High Low Close Change 149.05 147.38 148.49 .05 off 33.11 32.70 32.88 .04 off 26.50 26,33 25.40 .0% off 89.67 .05 of 56.12 .19 of
148.04
39.90
- 97.07 20.70 vo Utilities...
95.49
32.99 84.51 40 Bonda
89.08
60.53 45.58 11 Commodity Index 60.31
Business Done -520,000 shares
El Koon Chun, E.
Li Lan Sang, Esq.
·P, K. Kwok. Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Esq. Chan Ching Shox, Esq. Fung Ping Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Te Fong, Esq., Manager.
Batavia
Bombay
Branches and dhancias!—
Halphong Badkow Honolulu Xabe
Kowloon Pegang Blagspare London
Sourabaya.
Handia Melbourne
Nagamka New York Paris
Pelping
Rangoos Saigon Sważow San Fran. Sydney
Cisco Tiantain Beattio Yabooster Semarang Shanghel
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE'
BANK
2.
PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER OHINA) 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.
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local). Currency and Fixed Deposits re ceived for one year or shorter periods in Docal and Foreign Cur rencies on terms which will be quoted on application.
SATE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager
INDO-CHINA
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW BHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN
Manager.
STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK
Operating Services for Cargo and Passengers
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOHE and OSAKÄ
SINGAPORE, PENANG and CALCUTTA
SANDAKAN HAIPHONG
For further particulars
please apply to
JARDINE MATHESON&Co.,L↑ TELEPHONE ZOSIL GENERAL MANAGERS
OF INDIA, LIMITED
Head Officer-15, Gracechurch Street,
London, £.0.3
Authorised Capital
Jaberbed Capital...
Paid or Capital
Reserve Fund- and' Rent,
BANKERS:
£3.000.000
21,800,000 £1,000,000
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Kuala Treoggin Maden
New York
Penang
Bangkok
Ipoh
Dosbay
Jatos
Caloutta
Kuantan
Calambo
Kandy
Delhi Galle
Harach!
Kota Bharu
Hongkong
Koala Lipis
Sim
Howrah
Kuala Lampur Bispor
Rangono
Bhaoghai
HONG KONG BRANCH:
Every desorption of Banking and Erchiege bateanacted.
Travellers Cheques
med
TRUSTEE AND EXECUTORSHIP
PAGE UNDERTAKEN DE
ÜURLEST LOCQUXTS, opened in Loral Car Toy J FIXED DEPOSITS received la: Loest Oumay, STEELING & G. 8. DOLLA 18 to tent that may be senataland on application.
D. BENSON,
Mana
Page 10Page 11