PAGE_10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
LONDON RUBBKR
SPOT
JAN.-MARCH
APRIL-JUNE-
(FROM PAYNE & CO.)
||
NEW YORK STOCK EXCHANGE
The market was quiet but steady.
Anaconda Copper
COTTON: There has been an increase in realizing and hedge-Atchison, T. & 9. Fe. "selling from the South, while Trade shorts were good buyers of near
positions. 'Spot' were firm,
RUBBER: The technical position has improved. Some factory Interest was evident.
WHEAT: The undertone of the market was distinctly Arm on good milling "demand and extensive short-covering. Sentiment on the private estimates of the Winter crop ranging from 380,000,000 to 400,000,000 bushels is bullish,
NEW YORK STOCKS:
146,49; Change, up .15.
1.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Prev. To-day's
Auburn Motors...
Bendix Aviation
QUOTATION
51
Laker Foundry & Mac.
New British Decision Not Blockade
Ki
11
DUTCH IN JAVA REASSURED
The Dutch in Java, according to article in the Bataviaasch Nieuwsblad. of Nov. 2 were ap- parently under the impression then that German goods should not be permitted to find a way into fer- eign ports.
NOT A BLOCKADE
It is assumed that the markets of Batavia still sell German goods imported since the war began, be- cause the British have not been able to organise their naval con- trol, but seizure of contraband which was ordered from the be ginning of the war, does not mean a blockade, it merely applies to the seizure of such goods going Into Germany which would enable Germany to prolong the war, and help her in the prosecution of t
SYMPATHY FOR ALLIES
The
newspaper, however, wil now be satisfied on this point. since Britain has now decided to confiscate all German gocas m- tended fon sale abroad in retalla- tlon for the indiscriminate mine- laying in the North Sea.
STOCKS
Lust bale
DEC. 6. 1939 STOCKS
Last Sals
Dec. 5"
Dec. 5
Adams ExprENA
8
97*
Alleghany Steel On
Labbey-Owens-Ford
Class
49
Allled Stores
93.
Lockheed Aircraft
30
Allis Chalmers
372
Loew's Inc.
334
Aluminium Ltd
1011
Mack Trust Inc.
Amerada Corp.
Manhattan Shirt Co.
Amer. Can.......
1107
Martin, Glen L
39
SINGAPORE KUBBER,
Dec. 4
New York, December 6.
Dec. 5
American Cyanamid B Amer. & Foreign Power ... Ameri & Foreign $7" pf...
31
+
McKesson, & Robbins, pid.
21
Monsanto Chemical
104
26
Montgomery Ward
531
buyers
buyers
Change.
American Gas & Elec
371
National Aviation
117
SPOT
39-1/8
38-7/8
of 1/4
Amer. Locomotive
313
Kat. Dairy Products
18
JAN.-MARCH
27-1/2
37-1/4
off 1/4
Amer. Metals Co.
241
Nat. Distillers
231
· APRIL-JUNE
35-3/8
35-L/8
o 1/4
Amer, Radiator .......
91
National Gypsum
111
The market was quiet,
Amer. Rolling 18111 !.......................
167
National Lead
21
Dec. 4
Dec. 5
Amer, S'ting and Ring Co.
491
Nat Power & Light
81
.buyers
buyers
Change
Amer, Sugar Refining
192
National Steel Corp.
701
11-1/4
11-1/4"
11-5/18 11-5/18
up 1/16
Amer. Tel & Tel.
1891
Nat. Supply Corp.
8+
-up 1/16
Amer. Tobacco "B"
81)
New York Central
181
11-1/8
11-3/16
up 1/18
Ather. Waterworks
111
Niagara Hudson Power
61
303
N. Américan Aviation
231
257
North American Co.......
2211
3
Northern Facifc
Baltimore & Ohio
Owens-Illinois Glass Co.
Barber Asphalt Oc Sarnsdall 011
151
Pacific Gas & Elec....
641 324
121
Pacific Lighting ..........
47+
29
Packard Motors
37
Bethlehem Steel
791
Paramount Pictures
71"
Bitss & Co..
143*
Pennsylvania R.R.
217
Boeing Airplane Co.
+
Phelps-Dodge
391
Previous close. 140.34; Today's close.
Borg-Warner
243
Phillips Petroleum
40
Biggs M'facturing
231
Pittsburg Coke & Bron
81*
Brooklyn-M'hattan Trani.
14
Public Service of NJ,
391
Brooklyn-Manhattan $6
481
Pullman Inc.
►
331
Canadian Pric R'way....
41
Pure Ol....
at
Case J. I.
691
Radio Corpn. of Am.
67
This new
Celanese
26
measure will clearly
Reading Company, Com:
163
Chesapeake & Ohio
413
Reading Company, 1st pid
25}
New York Cotton, Mar,
New York Rubber. Mai.
18.79
Chicago Wheat. May
921
Chicago Corn, May
New York. Ildes, May
553 14.88 14.74
High Low Close Close Change 9.94 9.82 ,0,87 1.86 .01 off 18.52 18.62 18.65 ,03 up
92
891 92 2) up 551 541 564
up 14.56 14.81
meet with the approval of the Dutch in Java, where the news-
Chrysler Corpa
85
Remington Arms Co., Inc.
41*
climax-Molybdenum Co.
457
Republic Aviation Corp.
51
papers show
a strong sympathy
for the Allled cause
Colts Patent Fire-Arms
821
Republic Steel
Columbla Gas & EL.......
61
Revere Cop. & Brass Inc.
147
Columbia 6% “A” pf.
85
Reynold Tobse, "*"
39
Commercial Credit Co.
451
Richfield Oll .....
81
NEW YORK COTTON * Close
December
10.12/12
January
10,08/08
March
9.87/87
May
9.56/56
9.55/55
Opening Closing
10.12/12 10.14/14 10.08/08 10.07/08 9.85/85 9.86/87 9.55/55
Change
Com. & Southern (ord)
13
Safeway Stores
472
.02 up
Colmonwealth $6 cum. pid.
V
Schenley, Distillers.
134
off
:01 .01 off Consolidated Oil
Consolidated Edison
301
Schenley Distillers $54 ptd.
71
Sears Roebuck
791
.01 off
Continental Can
41
Shell Union Oll
-124
July
9.23/24
9.22/23
July (New contract)
9.43 N
9.42b/140
- October
8.81/80
December...)
unquoted
Spot...
10.31 N
*9.25/25 9.45 m 8.78/78 unquoted 10,33 n
.02 up
Continental Oil".
221
Socony-Vacuum Oll
12
TIN
buyers
sellers
.02 up
Corn Products
621
Bouthern Pacifr
04 up
142.
Curtiss Wright (C.)
10
Curtiss Wright “A”
28
Southern Rly $5 pfd.......... Sperry
333
........
431
Standard, Cash 230 Standard,
11
£ unquoted
.02 up
Deere & Co.
214
Spicer Manufacturing Co. 304*
unquoted
Distillers Corpn. Seagram
187
Standard Brands
51
NEW YORK RUBBER
Douglas Aircraft
Stand Gas & Elec.
22
December
19.95/95
18.87/88
08 of
Du Pont de Nemours ....
1771
Standard Oil of California
25
March
18.82/85
18.70/70 18.65/68
.03 up
Eagle Picher Lead
117
Standard Oil of NJ.
442
May
18.10 N
18.15/15
18.15/20
.05
ap
Eaton Mig Co.
CONSIGNEES' NOTICES
29
Stone & Webster
112
July
17.75b/80
17.87/88
17.85/85
.10
up
Elec. Autolite
37
Studebaker Com,
8+
17.60 N
17.65b/70a
.05
up
Elec. Band & Share
71
Swift International
301
NOTICE TO CONSIGNEES
Bles. Bond & Share $5 pt.
Technicolor
12.
Elec. Bond & Share $8 pt.
66
Texas Corpn.
44)
CHICAGO WHEAT
Elec. Power & Light 37 pf.
129}
ISTHMIAN LINE
rexes Gulf Sulphur
331
December
931/931
952/96
21 up
Flintrote
211
Trans-America Do,
63
May
803/891
901/902
921/922
23 "up
Gen. American Trans.
53+1
20th Cent. Fox
121
"July
- 871/871
871/88
901/901
¡
3
up
Gen. Mestric
381
20th Cent. Fox. $1ł pf.
231*
From BALTIMORE NEW YORK & SAVANNAH,
Gen. Motors
521
Union Carbide & Carbon
87
CHICAGO CORN
Gen. Railway Signal
181
Union Pacific .....
99,
December
531/53
541/541
1
up Gen, Tire & Rubber
221
United - Aircraft
431
May
54)/543
551/554
551/553
up Glidden Co. ....
T
181
United Airlines Trans.......
141
July
541/641
551/551
18-up Goodrich (B.F.)
19
United Corpn.
21
WINNIPEG WHEAT
Goodrich $5 pf.
December
- 761/751
79/79
21 up Goodyear Tire & Co.
24
May
801b.
801/821
833/831
21 up Great Northern Iron Ore ..
181
July
811/811
841/842
NEW YORK HIDES
Great Northern Rly, pfd. 27 Great Western Bugar
United Corpa. $3 cura pl", 383 United Gas Corp. Judgm 17 United Gas Improvement 141 UB, Industrual Alcohol.
281
0.5. Rubber
22 38
March
14.86/68
14.74/78
14.81/83
18 up Greyhound Corpn.
181
US. Rubber $8 pfd.
1101
June
14,94/94 15.05/05
16,09/10
15 up
Hercules Powder Co.
87
0.8. Steel
BB
34-3/4
3,90-3/8
Homestake Mining
58+
Vanadium
33
34-3/4
International Harvester,
601
Walworth Co.
51*
Int. Nickel
381
Warner Bros. Pict.
31
EXCHANGE
Int. Tel & Tel
4
Westinghouse Hoc.
110
Johns-Manville.
751
Woodward Iron Cor,
241*
►
J. & Laughlin Steel 7 pfd. 831
at Rennecott Copper....
381
Chase National Bank National City Bank
35*
271*
•--bid.
1-ex, div.
8.82/84
Note: December, cotton, last notice day:-15/12/39.
September
Note: December rubber, last notice day-27/12/39, Total sales for the day:--640 tons.
Monday's sales:-15,209.000 bushels.
New York, Official
NY-London Cross rate 3.89-7/8
MONEY AND
.
מנו 15.
קט 23
American Silver was quoted
LOSING QUOTATIONS 34.3/4 for Spot.
DECEMBER 6. 1939 a
On London:---
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand!/2 7/8 Credits 4 months' sight 13 1/4
318
On Shanghai:---
On demand
On Singapore:---
On demand
On Japan:-
On demand
On India:-
******** 52 3/4
Telegraphic Transfer.
and demand
On New York:-
102 1/2
15
The London-New York cross- rate was quoted at 402. New! York-London WES quoted at 390.3/8.
J
Market Steady but quiet.
Sterling
There were sellers at 1/2.31/32 December-February and 1/2.15/16 March-April, buyers at 1/3 Cash and 1/2.31/32 March,
US, Dollara Sellers at 24.5/16 Cash, 24:3/16! 38 December and 24.1/16 January. buyers at 24.3/8 Cash, 24.5/16 December and probably 24.1/8
..1039
DOW JONES AVERAGE
High Low Dow Jones AvernZI .Dec. 4,
165,92 121.44 30 Industria}>
36.90 94.34 20 Baile
27.07 20.70 40 Usilium 22.29 84.51 40 Bonds
Dec. 8: 1939 High Low Close
147.29 146.05. 14549
146.34
31,53 25.09.
3130 31.47 31.63 26.25 25.01 25.09
LONDON METALS
EXCHANGE
London, Dee, 5 (Reuters.
$
3 months 230
THE SS.
baving arrived, consignees of cargo by. her are informed that all goods are being landed at their riska into the hazardous and/or extra hazardous godowna of the Hongkong & Kowloon Wharf & Godown Co., Ltd. whence delivery may be obtained.
Optional cargo will be carried on, unless notice to the contrary be given prior to arrival of steamer.
No claims will be admitted after the goods have left the gedowns and all goods remaining undelivered after 12th
Dec., 1939, will be subject to rent.
All claims against the steamer must be presented to the undersigned on or before, 19th Dec., 1939, or they will not be recognized,
All broken, chafed and damaged good must be left in the godowne, where they will be examined by the steamer a surveyor on the 19th Dec., 1989, at 10 s.m.
Change
No Fire Insurance has been effected. 15 apBill of Lading will be countersigned by .Iit up .02 off 89.31.03 up
THE BANK LINE (CHINA) LTD. .. 89.98
Agents. 68.81 84 ap Hong Kong, 5th Dec., 1939. Business Done-590,000 shares
60.53 45.39 11 Commodity Index · 67.67
իր
0/4-19/32 0/4-18/32
0/4-19/32 0/4-19/33 0/4-9/16.0/4-9/16
Sellers
Opening Closing
Spot
Dec.
Jan
January.
U.S. Dollars
4.
45 1/8
Shanghai Dollars The market opened with sellers at 320 and at the close sellers were quoted at 323,
Spat
$7-15/32
Dec,
Jan
Bank Bills, on demand 24 3/16 Credits, 80 days" sight 24 7/6
Un Batavia
On demand
On Paris:
Bank Bills, on demand 1590. Credits 4 months' aight 1146
Saigon
On demand
Bu Manila: ---
On demand
On Bangkok
il
108 1/2
483/8
On demand.....149 1/2
Sterling Notes:-
Bank Buying Rate 1/4 --
Bar Allver per ox
Market Report"
99-3/8
FROM ROZA BRÓS, Sliver prices dropped 1/8 yes terday for both deliveries, the Aqudtations being 23.3/8 for Ready
and 23.9/16 for Forward.. Eilver! advices reported speculators As having sold to a small extent, The market was steady but quiet.
7-7/18
7-5/18
Market: Very quiet
Merchant Rates
Sterling; 0/4-9/18
US Dollars, $7-7/10
Silver duty Rate
$7-15/32 7-7/18 7-5/16
The Central Bank of China's
SILVER MARKET
LONDON SILVER
London, Dec, 5 (Reuter).
Silver: Little speculative selling. Market quietly steady, In
the
[865
THURSDAY, DECEMBER 7, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Issued & Fully Paid-Up $30,000,000 Incorporated by Royal Charter, 1863 Reserve Funds;
Paid-Up Captil
.£3,000,000 £6,500,000 Reserve Fund
· INDIA," AUSTRALIA AND CHINA
Authorised Capital....... $30,000,000 ||
Sterling
Reserve Liability of
Proprietors
$20,000,000
A.E. Currency Reserve $10,000,000 Reserve Liability of Pro
prietors...
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sun-Agencies In London: 117, 122, Leadenhall Street, E.C.3 West End Branch:
£3,000,000
£3,000,004
Head Office:-HONG KONG
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
ין
Chairman.
Deputy Chairman. J. K. Bousfeld, Esq... A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, D. F: Landals, Esq., G. Miskin, Esq.,
. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce, H. V. Wilkinson, Esq.. Sir Vandeleur M. Grayburn,
14/18, Cockspur Street, S.W.1. Manchester Branch: 62, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
MARBIN PENANG EONG SONG BANGOON ILOILO IPOR
ALON STAG AMRITSAR BANGKOK
SAIGON
BATAVIA BOMBAY
SEREMBAN
CALOUTTA ::
KARACHI KLANG AGENCIES; КОРЕ CLIFE STRUKT
SHANGHAI
BINGAPORE
SITIAWAN
Chief Manager. FAIRS PLACE
KUALA
SOURABAYA
11
Amoy
Penang Hangkok Johore Rangoon. Batavia Kobe Saigon Bombay Kowloon
Branches: Ipoh
San..
Calcutta, Kuala
Francisco
CANTON CAWNPORE CEBU COLOMBO DELHI HAIPHONG HAMBURG HANKOW
LUMPUR
TAIPINO
KUCHING
TIENTSIN
MADRAS
TONGEAN
MASILA
(Bhuket)
MEDAN
TSINGTAO
NEW YORK
Canton
Lumpur
Shanghai
Ube foo
London:
Singapore
Lyons
Dairen
Malacca Sungei
Sourabaya
Foochow
Manila
Colombo
Patani
Haiphong Muar Swatow
Bamburg (Johore) Tientsin Bankow
Mukden Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama Hoilo
PELING
(Peking)
YOKOHAMA
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 ACCOvira 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 Trustee periods in Local and other Our business, and claims recovery of rancies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at.
ALSO up to date Sara DEPOSIT any of the Agencies and Branches, Boxes in various sizes To Lat.
R. A. CAMIDGE, Hong Kong, 25th September, 1939.
Manager.
HONGKONG SAVINGS
BANK
The Busines 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., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital .......... Beserve and Undivided
Profits
5,588,600,00
2,683,839.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: Sir Bhonson Chow, Chairman Li Koon Uhun, Esq. Li Lan Sang, Eag. P. K. Kwok, Esq. Wong Chu Son, Eleg. Wong Tun Tong, Esq. Kas Ting To, Rag. Chan Ching Shok, Esq. Fang Ping Wgh | Esq Kan Tong Po, Esq., Chief Manager. Li The Fong, Esq., Manager,
Branches and Agencies :-
Amoy
Bateria Bombay Union
Haiphong Hankow Honolulu Kobe
Kowloos Разме Bingspora Loudon Hazroon Bourabaya Manila Balgon BWICOW Melbourne San Fran. Sydney Magunk
antal New York Seattle
scouter Pari
Pelping
Bang
Shangha
THE CHASE BANK
18, 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.
11
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABE NATIONAL BANE, Now Youx, with sources of over U.S.$4,900,000,000, A
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 o our Clients special facilities for Domestic and Foreign Banking and Exchange,
Bead 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 caived for one year or shorter
KONGMOON TOISHAN
KINGCHOW
periods in Local and Foreign Car and other Public Funds of the We also handle the issue of Bonda rencies on terms which will be quoted on application.
BATE DEPOSIT BOXES TO Let.
KAN TONG PO,
Chief Manager.
Chiness Government both at Home and Abroad.
SHOU J. CHEN,"
Manager.
INDO-CHINA
afternoon, the market was quietly STEAM NAVIGATION COMPANY LTD.
steady,
Spot, 23-3/80.
Forward, 23-9/16d.
NEW YORK SILVER
New York, Dec. 5 (Reuter). Official Price, 34-3/4′′
Shanghai Market Sterling opened with sellers' for Spot at 4.13-/32. Later the mar ket steadied to 4.5/8. At the close sellers were quoted at 4.9/18 for Spat. US Dollars opened with sellers at 7.15/32 for Spot. Sub-fate on London at 10.00 am, today
Was 1/2-1/2d., unchanged from 100 bars. sequently the rate rose to 7.17/32.
yesterday. At the close sellers were quoted at| 7.15/32 for Spot,
Shanghai Exchange
London
New York
The Equalisation rate was 24 Der cent.
New York Exchange
New York, Dec. 6 (Reuter), T.T. on London- (Opening Rate). 3.89-7/5.
Shanghal, Dec. 6 (Reuter).
Official T.T. Rates
0/4-1/4 6-7/8
Japan
29-1/4
India Paris Hongkong
23-1/2
India Rupee Paper
3.11 28-1/4"
Bombay, Dec. 5 (Reuters) Govt. 31% Rupee, 88-0-0 nominal,
BOMBAY SILVER
Bombay, Dec. 5 (Reuter), Market-Barely steady, Offtake
Indian -Mint Silver.
Ready Jan, 8 Settlement Feb, 3 Rättlement
62-08
62-12
63-12
LONDON GOLD
London, Dec. 5 (Reuter), Bar Gold, Fine per oz. 168
Calcutta Exchange
Calcutta, Dec (Renter)
T.T. on Japan, 81-3/8.
Operating Services for Cargo and Passengers.
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
דיי
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai, where passengers and cargo are landed.
For further partienlars
please apply to
JARDINE MATHESON&Co.,LT TELEPHONE SOJIL GENERAL
ANAGERS
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