320),
52 3/4
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS |
DECEMBER 12, 1939
On London:-
TE
Telegraphic Transfer. 1/2 79 Bank Bills, on demandŊ/9 7/8 Credits 4 months' sight 1/3 1/4
On Shanghai:-
On demand
On Singapore:----
On demand
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
41
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGETM
QUOTATION
WEDNESDAY, DECEMBER 13, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALÍA
AND CHINA
STOCKS
Last Sale Dec. 11
Adams ExprESS
8+
Lakey Foundry & Mac.
DECEMBER 12, 1939
STOCKS
Last Sale
Dec. 11
4
Authorised Capital 860,000,000
"
Sterling H.K. Currency Reserve $10,000,000
Alleghany Steel Co. .....
22 Y
Libbey-Owans-Ford
Glass...48
Reserve Liability of
Allied Stores
ยู
Lockheed Aircraft
301
Proprietors
.$90,000,000
"Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1883
Reserve Funds: .
£8,500,000 Reserve Fund
Paid-Up Capital Reserve Liability of Pro-
priators
L
£3,000,000
£3,000,000
£3,000.006
Allis Chalmers
381
Loew's Inc.
HEAD OFFICE: LONDON:
331
Head Office:-HONG KONG
Aluminium Ltd
971
Mack Truck Doc.
283
Amerada Corp.
Manhattan Shirt Co."
Amer. Can
111
Martin. Qles L
ར༽ཞབ
38
Board of Directors:
On Japan:-
On demand
103 1/4
SINGAPORE RUBBER
Dec 11
New York, December 11, Dec. 9
American Cyanamid, B Amer. & Foreign Power
311
McKesson & Robbins, pfd. 1031
Hot. Mr. A. L. Shields,
Chairman.
2
Monsanto Chemical
Ameri & Foreign $7 pt....
25)
Montgomery Ward
iv. H. Lock, EBS,
541
Deputy Chairman,
On India
buyers
buyers
Change
American Gas & Elec.....
372
National Aviation
121
Telegraphic Tronster.
182 179
SPOT
39-1/8
amer. Locomotive
38-1/2
221
at. Dairy Products
151
up 3/8
and demand
JAN.-MARCH
38-3/4
On New York:-
APRIL-JUNE
34-5/8
37-1/8 35
Amer. Metals Co.
243
Nut. Distillers
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
237
Amer. Radiator
91
National Gypsum
Hon. Mr. S. H. Dodwell,
111
D. F. Landale, Esq.,
Bank Bills, on demand 21 3/8 Credits, 80 days! sight 2
Amer. Rolling Mill
.
183
National Lead ....
201
. Miskia, Esq.,
The market was steady.
Amer, Sting and Ring Co.
504
Nat. Power & Light
81
I. S. Morrison, Esq.,
On Batavia:—
On demand
On Paris:-
LONDON RUBBER
45 3/8
SPOT
Dec 9 buyers 11-1/8
Dec. 11
Amer, Sugar Refining
23*
National Steel Corp.
71
Hon. Mr. T. E. Pearce,
ILOILO IPOR
KARAGE I
buyers 11-1/2
Change up 3/8
Amer. Tel. & Tel.
1891
Nat Supply Corpn...
E. V. Wilkinson, Esq.
91
Amer! Tobacco "B"
New York Central
83
177
Sir Vandeleur M. Grayburn,
Bank Bills, on demand 1590
Credits 4 months' aight 1145
On Saigon
On demand
JAN:-MARCH.
APRIL-JUNE
108-1/2
Du Manda:-
On demand
48 3/4
On Bangkok :-----
On demand
.... 149 1/2
NEW YORK
New
at
Market
March
May. July
.........
9:96/97
.9.60/60
July (New contract)
9.79 N
Shanghaj Dollars
327,
October (..) December (,, )
Sterling Notes:-
Bank Buying Rate... 14
Bar Sliver per oz............ 93 5/18
Market Repor
FROM BOZA BROS, Bliver prices rose 3/18 yesterday for both deliveries, the quotations being 23.5/16 for Ready and 23.1/2 for Forward. Silver advices re- ported "India as having operated both ways. The market was stendy but quiet. American Silver was quoted at 34.3/4 for Spot.
London-New York cross- The rate was quoted at 402. York-London
quoted was 393.174
Featureless.
Sterling"
There were sellers at 1/2.31/32 December/March and 1/2.15/16 April/May, buyers at 1/3 Cash and 1/2.31/32 Aprli.
U.S. Dollars
There
were sellers at 24.1/2 Cash, 24.7/16 December, 24.1/4 January was 24.1/8 February, buy- erą at 24.9/16 Cash, 24.1/2 Decem- ber. 24.3 8 January and 24.1/4 February,
After ruling firm in response to overseas demand, further ad-Atchison, T. & S. Fe. vances made on covering, outside and American buying, closed strong.
NEW YORK COTTON: The reduction of the export subsidy, the Barnsdall Oll
Barber Asphalt Co tightness in tree supplies," the firmness of December position, and Bendix Aviation the growers' persistent holding movement are all stimulating factors. Bethlehem Steel NEW YORK RUBBER: Following the strength of the London Bliss & Co. and the primary markets, the market was frin ou Improved factory Boeing Airplane Cu and Commission House demand. Liquidation has apparently run its Borg-Warner course. With the scarcity of supplies and the favourable consump- Biggs M'facturing tion prospects the market is likely to go higher,
Brooklyn-M'hattan
CHICAGO WHEAT: The market was easy, reflecting the weak- Brooklyn-Manhattan 36 ness of the Winnipeg market. There has been increased Trade sell-Canadian Pacific R'way.
Case J. I... ing on advances, while unfavourable crop news is unchanged.
Celanese
NEW YORK STOCKS: 147.05; Change, off 88.
Previous close, 147.93; Today's close,
COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy, & Company)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York. Hides, May
NEW YORK COTTON December ... January
| Chrysler Corpn
11-3/16 11-1/16 11-7/16
11-9/16
Amer. Waterworks Anaconda Copper
11
301
24
Niagara Hudson Power N. American Aviation North American Co......
61
Chief Manager.
241
Branches:
214
Market
Auburn Motors Baltimore & Oblo
21
Northern Pacific........
9
Anlay
Ipoh
Penang
51.
Owens-Hinois Glass Co.
621
Bangkok Johore
Rangoon
Batavia
141
Pacific Gas & Hec.
Kobe
Saigen
321
121
Pacific Lighting ...........
Kombay
Kowloon
San
471
Calcutta Kuala
Francisco
291
Packard Motors
31
Canton
81
Paramount Pictures
71
Chefoo
London
Singapore
151
Pennsylvania R.R.
217
Colombo
Lyons Sourabaya
217
Phelps-Dodge
394
Dairen
Malacca
Sungei
2441
Phillips Petroleum
Foochow
40
Manila
221
Pittsburg Coke & Iron
91*
Haiphong Muar
T'atani Swatow
Bamburg
Trans.
148
Public Service of NJ.......
391
49
Pullman Inc.
.
321
47
Pure Oil
31
712
Radio Corpn. of Am.
5+
Iloilo
271
Reading Company, Com
16*
Chesapeake & Ohio
394
Reading Company, 1st pid
351*
801
Remington Arms Co., Inc.
43*
Climax-Molybdenum Co.
47
Republic Aviation Corp.
Colts Patent Fire-Arms Columbia "Gas & . Columbia 8% "A" p. Commercial Credit Co.
81
Republic Steel
221
Revere Cop. & Brass Inc.
143*
847
Reynold Tobat. “B”
3731
45
Richfield Oll
2
Prev. To-day's
High
10.48 10.24 19.10 18.97
*Low
Close Close Change
10.28 10.45 18.76b 19.07 981 941 947 944 56 551 552 562 15.20 15,01 15.02 15.01
3 off
Com, & Southern (ord)... Colmonwealth $6 cum, pid. Consolidated Edison Consolidated Ou 17 up Continental Can 31-ap Continental Oll
11
Safeway Stores
461
Schenley Distillers
123
291
| Schenley Distillers $54 pfd.
T
Bears Roebuck
42
Shell Union Ou
121
221
Socony-Vacuura Oll
117
..
Corn Products 2 be
Curtiss Wright (C) .01 off Curtiss Wright "A"
Deere & Co.
82
Southern Paciña
147
་
10
Southern Rly $5 pid.
32%
281
Sperry
451
221
Spicer Manufacturing Co. 31*
Close
Closing Opening 10.57/58 10.74/73 10.75/77 10.54/54 10.66/86 10.69/69 10.28/30 10.42/41 10.45/48 10:03/04
Change
Distillers Corpn. Seagrams 164 .18 up Douglas Aircraft
Standard Brands...
58
76
Stand Gas & Elec..........
2
15 up Du Pont de Nemours
179
Standard Oll of California
241
.17 up Eagle Picher Lead
11)
Standard Oil of NJ.
431
10.10/14
14 up Eaton Mfg. Co.
29
Stone & Webster
111
9.70/69
9.75/76
.15 up Elec. Autolite
372
Studebaker Com,
81
9.93/91
9 95/95
9.11/11
9.23/21
9,26/30
16 up Elec, Bond & Share 15
71
Swift International
311
up Elec. Bond "Share $5 pl.
573*
Technicolor
121
unquoted
unquoted
Elec. Bond & Share $8 pl.
6771
Texas Corpn.
434
"
Volume Spot
July
September
W
Note:
1
Shanghai Market Sterling opened with sellers for Spot at 4.33/84 and at the close sellers were quoted at 4.35/64 for Spot. US Dollars opened with sellers for Spot at 7.13/32. Subse- quently the rate rose to 7.15/32 and at the close sellers were quot- ed at 7.7/16 for Spot.
Afternoon Market
The market was quiet in the afternoon..
December rubber, last notice day-27/12/39.
Total sale for the day:-1,640 tons. CHICAGO WHEAT
10.69 N
117,000 bales 10.85 N
Mec. Power & Light Sĩ pî.
293
Texes Golf Sulphur
33
"-16 | up | Flintkote
214
Trans-America Go.
61
Note: December cotton. last notice day:-15/12/39.
Gen. American Trans.
5,598,600.00
551
20th Cent. Fox, ......
121
Gen. Electric
381
20th Cent. Fox. 91† pf.
227
Reserve and Undivided
Profit*
2,833,932.01
NEW YORK RUBBER
December March May
Gen. Motors
531
Union Carbide & Carbon
864
HANKOW Lumpur Shanghai
Johore) Tientsin
Tokyo
Bankou Mukden Harbin New York Tsingtao
Hongker Peiping Yokohama
NEW YORK PRIPING
(Peking).
(Bhuket) TRENOTAO
YUKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Que Year or shorter periods in Loos) 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 ACCOUNTB opened in on application. 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 Car- business, and claims recovery of terms which will be British Income Tax overpaid, on terms which may be ascertained at
rencies on quoted an application.
Atso up to date SAFE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To Las
R. A. CAMIDGE, Hong Kong: 25th September, 1939.
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- FORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong. 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital ..........
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
18, PINE STREET, 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 THI CHASE NATIONAL BANK, NEW YORK, with Easonroes of or U.S.$2,900,000,000,
D. M. BIGGAR,
Jacond Vice Pres
CAWNPORE CROU COLOMBO
DELVI
LUMPUR KUCHING
38, Bishopsgate E.C.2 Sub-Agencies In London: £17/12, Leadenhall Street, E.C.3. West End Branch: 14/18, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN PENANG
ALOR STAN AMNITEAЯ
MANQION BATAVIA BOMBAY
HONG TONG BANGOON
DALCUTTA AKLANG
AGENCIES: KOSK CLIVE STREET KUALA FAIR PLACE
CANTON
BAIGON
BEREMBAN
SHANGHAI
BINGAPOR
SITIAWAN
SOURABAYA
TAIPING
TIENTSIN
T
MADRAS
TONGKAR
"MANILA MEDAN
HAIPHONG
HAMBURG
HEAD OFFICE:
16
24
An
Gen Railway Signal
181*
Union Pacifc
973
19.75 N 18.76b/80a
20.00b/128
25 up Gen, Tire & Rubber
22
United Aircraft
44
Head Office:-HONG KONG No. 10 Des Voeur Road, Central,
18.99/99
19.07/07
31 up Gidden Co.
171
United Airlines Trama.......
144
18.30b/35a
18.55/55
18.65/65
35 UP Goodrich (B.F.)
18.03 N
18.30/39
18,38/40
35 Up Goodrich $5 pf.
17.90/90
18.21/29
.37 up
Goodyear Tire & Co.
Great Northern Iron Ore
Great Northern Rly, pfd.
Great Western Sugar
Greyhound Corpn.
Sterling
December
at
The market closed with, sellers
-1/2.31/32
May
December / March
July
and 1/2.15/16 April/May, buyers at
971/971
981/981
off Hercules Fowder Co.
943/95
951/95
94/94+
off Homestake Mining
921/93"
931/93
921921
off International Harvester
U.S. Dollars
Cash, 24.3/16 December.
January and 24.1/8 February, bay-
1/3 Cash and 1/2.31/32 April.
Saturday's sales:-21.068,000 bushels. CHICAGO CORN
Closed with sellers at 24.1/2 December
24.1/4
ers at 24.3/16 Cash, 24.1/2 Decem- ber, 24.3/8 January and 21/4 February.
Lat. Nickel
Int. Tel. & Tel
Johns-Manville
11
J. & Laughlin Steel 37 pra.
May
July
541/541. 552/551 553/552 554/55+ 56/55$ 1
537/532
off Rennecott Copper
551/554 55/55
Qff
off
WINNIPEG WHEAT
December
811/811 811/814
791/791
18 off
1939
Shanghai Dollars Towards the close
there were
May July
851/851 861/858
837 A 841/847
1 off 13 off
High Low Dow Jones Averages. 155.92 121.44 30 Industriais
25.90 24.14 20 Baile
sellers for Spot at 324.
Shanghal Market
Towards the close there were
sellers for Spot at 4.9/16.
Shanghai Exchange
Shanghal, Dec. 12 (Reuter).
Official T.T. Rates
NEW YORK HIDES
March June
15.02/02 15.15/20 15.27b/30a 15,40/40 New York, Official unquoted.. NY-London Cross Rate 3.91-1/4
27.07 20.70 yo Utilities 32.99 84.51 40 Bonds
15.01/02. 15.31/32 34-3/4 3.93-1/4"
.01 off
.04 up
London
New York
Japan
India
Paris Hongkong
EXCHANGE London, Dec. 11 (Reuter).
TIN
ouvera
£
0/4-1/4 6-7/8
LONDON METALS
29-1/4
23-1/2
3.11.
28-1/4
Sellers
sellers €
Spot
Standard, Cash 271" 0/4-35/64 0/4-27/34 Standard,
272
Dec,
0/4-35/64 0/4-37/64
3 months 288
233-1/2
Jan.
0/4-17/32 0/4-9/16
U.S. Dollars
Spot
$7-7/16 *$7-1/2
Dec.
Jan.
7-13/32 7-5/18
7-15/32 7-3/8
Opening Closing
Market:-Uncertain.
Merchant Rates
Sterling, 0/4-1/2.
U.B. Dollars, $7-3/8,
Silver duty Rate
Calcutta Exchange
Calcutta Dec, 11 (Ranterr). T.T. on Japan, 81-1/8
India Rupee Paper
Bombay, Dec. 11 (Reuter). Government 31% Rupee, 87-08-0
The Central Bank of China's nominal.
rate
On London at 10
today was 1/2-1/2d., 'unchanged New York Exchange
from yesterday.
4
The Equalization rate was 23-1/2
per cent
New York, Dec, 11 (Reuter).
TT, on London (Opening Rate). 3.91-1/4
SILVER MARKET
LONDON SILVER
London, Dec. 11 (Reuter).
Silver: India bought and sold. Market steady. In the afternoon, the market was quietly steady.
Spot, 23-5/16ci.. Forward, 23-1/2d. ́
NEW YORK SILVER
New York, Dec. 11 (Reuter), Omelal Price, 34-3/4.
BOMBAY SILVER Bombay, Dec. 11 (Reuter). Market-Qulet. offtake 150. bara.
Ready
Indian Mint Silver
Jan. 6 Bettlement Feb. 3 Settlement
61-TO
61-14.
******** 62-10
"
LONDON GOLD
Londuli, Dec. 11. (Reuter).
Bar Gold, Fine per oz, 188,
Board of Directors:
P. K. Kwak, Ext.)
Li Lan Sang, Esq.
Wang Cha Son, Esq.
Kan Ting Po, Esq.
Chan Ching Shok, Esq. Fung Ping Wah Eag Kan Tong Po, Esq., Chief Manngue. Li Tes Fong, Esq., Manager.
Haiphong Bankow kivuolalu Kabe
Branches and Agencies :--
Kowloon
Siripor
Scarabeys
Bwetzw
Bydney sloo Tinaba New York Samitio TEBOOKTAY Parla Semarang "Piping The
Every description of Banking and Exchange business transacted. Loans) granted on approved securities.
Current Accounts opened in Locali Currency and Fixed Deposita re- ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SATT DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
INDO-CHINA
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
14
PAID UP CAPITAL $40,000,000.00 (BRANCHES ALL' OVER ÓHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend odar Clients special facilities for Domestic and Foreign Banking and Exchange.
"
Head Office:—SHANGHAI Hong Kong Branch:
1, QUEEN'S ROAD, C. South China Officer: CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We alto Handle the issue of Bonds and other Public Funds of the Chinna Government both at Home and Abroad.
SHOW J; CHEN,
Manager.
STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK
Operating Services for Cargo and Passengers
*TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed,
For further particulars
please apply to-
JARDINE MATHESON&Co.,Lt TELEPHONE BOSIL GENERAL MANAGERS.
OF INDIA, LIMITED
Head Cmco, Gracechurch Street,
London, EC3
•Authorised Capital
9abcribed Capital..
Paid-of Capital
Robert Fund and East,
BANKERS:
23,000 308
1,800,0
£1,050,000
£1,962,70
The Bank of England and Midiand
Bank, Ltd, BRANCHES:
Bangkok
брой
Bombay
Faisa
Osicutia
Kuanten
Baloubo
Kandy
Delhi
Karachi
GALL
Kota Bharu
Koala Lipis
Hongko
Howrah
Kiala Trenggut
Madras.
New York
Pizang
Fangoon
Shanghai
Bil
Kule Lampar Bingapore
HONG KONG BRANCH: Every description of Banking and Exchange business transmoted;
Travellers Chaquas iamted,
TRUSTEE AND EXECUTORSHIF
UNDERTAKEN USI GURLENT. AQ00UNTA oped in Goes On- ready and FIXED DEPOSITs received In Loest Qurrency, STERLING & U, 8, DOLLARS na teras that may be certained on apelkostion,
TEAM BENSON,
197
United Corpn.
21
659
United Corpn. $3 cum pt. 383
Bir Shouson Chow, Chairman
234
United Gas Corpn.
14
Li Soon Chan, Esq.
17:
United Gas Improvement
141
Wong Tan Tong, Esq.
263
US, Industrumi Alcohol.
221
291
US. Rubber
401
171
U.S. Rubber s8 pfd.
1061
87
U.S. Steel
661
59
Vanadium
33
60
Walworth Co.
6
Amo
Penanz
Lamidon..
Rangoon
351
Warner Bros. Pict.
37
Bombay
Mulle
Jnd gor
4
Kalbosrde San Fran
Westinghouse Kec.
741
Woodward Iron Cor.
110 241*
68
37*
Chase National Bank National City Bank
35*
271*
•-bid.
¡—ex, div.. DOW JONES AVERAGE
Dec. 9, 147.93
31 88 25.02 89.37
Dec. 19, 1929, High Low Close 149.27 148.67 147,05 21.88 31.23 31.94 25.06 34.82 24.89 89.11
Chaage 89 off #2 of .13 off .20 off
0.63 45.59 11 Commodity indies 59.49
59.49 .16 off
Business Dons 1-570,000 shareM
Page 10Page 11