317
52 3/4
103
SINGAPORE RUBBER
New York, December 12. Dec, 11 Dec 12
buyers
buyers
SPOT
38-1/2
29-1/2
JAN.-MARCH
37-1/8
38-1/2
APRIL-JUNE
25
36-3/8
The market. was steady but quiet.
LONDON RUBBER
Dec. 11
Dec. 12.
buyers
buyers
SPOT
11-1/2
11-7/8
JAN.-MARCH
APRIL-JUNE
On demand
Sterling Notes:-
On demand
198 1/2
On demand
On Bangkok:-
48 5/8
149 1/2
Bank Buying Rate
... I
Bar Silver per ca
23 7/16
Close
10.75/77
10.69/89
10.45/48
10.10/14
9.75/76
Cash, 24.7/18
24.1/2 December, 24.1/4
at
July (New contract) October ( December (..)
9.95/95
9.26/30
unquoted
Spot
10.35 N
100 bales cach)
117,600
December
March
20.00b/12a
19.07/07
18,65/65
18.38/40
18.27/29
CHICAGO WHEAT December
961/961
May
041/941
July
921/921
Monday's sales:-35,315,000 bushels, CHICAGO CORN
December
537/537
May
551/55+
July,
551/551
WINNIPEG WHEAT
December
May
41
The market was active and prices were higher on good outside and American buying and the reserve of sellers.
३॥
Amer. Waterworks Anaconda Copper
Atchison, T. & S. Fe. NEW YORK COTTON: The mills are reported to be nervous Auburn Motors ... due to the firm attitude of growers. December position was dis- Baltimore & Ohio tinctly firm under the influence of the strength of Spots and cover-Barber Asphalt Co Ing" by the Trade and by shorts. Heavy foreign buying was re- Barnsdall Of ported,
Bendix Aviation NEW YORK RUBBER: Further automobile pay increases and Bethlehem Steel reports that tyre-fabric mills are operating at full capacity contri-Bliss & Co. bute to the favourable outlook,
Boeing Airplane Co. CHICAGO WHEAT: The undertone of the market was firm. A Borg-Warner
**244 feature was the strength of the December position, while the Biggs M'facturing strenth of cash wheat was a continued substaining incuence. Sell- Brooklyn-M'hattan Trans.
Brooklyn Manhattan $6 Sliver prices rose 1/8 yesterdaying pressure was not great.
Previous close, 147.05; Today's close. Canadian Pacific B'way.
Case J. ..............................
www.
Market Report
FROM ROZA BROS.
for both deliveries, the quotations being 23.7/16 for Ready and 23.5/8 for. Forward Silver advices re-
ported India and Speculators as having bought." The market was steady. Later Indlà again bought to a small extent at 1/16 over the quoted rate. American 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 392,5/8)
Market
A shade steadier,
Sterling
Some business was reported at 1/3 December and also January, The market closed with sellers at 1/3 December. 1/2.31/32 January- March and 1/2.15/18 April-June, buyers at 1/3.1/32 Cash and 1/3 March
7.5. Dollars
sellers There were
January and 24.1/8 February, buy- ers at 24.9/18 Cash, 24.1/2 Decem- ber. 24.3/8 January and 24.1/4 February.
Shanghai Dollars
At the opening there were sel- lers for Spot at 322 Towards the close sellers were quoted at 321 for Spos,
2
Shanghai Market Sterling opened with Sellers at 4.9/16. The market was shade steadler towards the close and there were sellers at 4.41/64 for Spot US Dollars opened with
sellers for Spot at 7.15/32 and closed with sellers at 7:19/32 for Spot.
Shanghai Exchange
Shanghal, Dec. 13 (Reuter).
Official T.T. Rates
NEW YORK STOCKS: 146.93; Change, off 12.
NEW YORK COMMODITY MARKET
́(By Courtesy of Messrs. Swan, Culbertson & Fritz and 3. F. Levy & Company)
New York Cotton. Mar. New York. Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York, Hides, Mar, NEW YORK COTTON December
January March
May July
Volume (In contract of
Prev. To-day's
Close Close Change
High Low
10.81 10.52 10.45 10,77 32 up 19.49 19.30 19.07 19.4lb 34 up
951
941 95 5554
551
Note: December cotton, last notice day:-15/12/39. NEW YORK RUBBER
May July September
Note: December rubber, last notice day-27/12/39. Total sales for the day:-2,190 tçns.
11-9/18 1-7/18
12
11-15/16
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 13, 1939
On London:-
"
Telegraphic Transfer. 1978 Bank Bills, on demandt/9 7,8 Credits 4 months' sight 1/3 1/4
On Shanghal:- "
On demand
On Singapore:-
On demand
On Japan:-)
On demand
On India:-
Telegraphie Transter.
and demand
On New York:-
Bank Bills, on demand 24 3/16
Credits, 60 days' sight 2+ 15/16
Un Batavia
On demand
On Paris:
45 1/4
Bank Bills, on demand 1.90 Credits 4 months' sight 1145
On Saigon ne
Du Manila:-
PAYNE & CO..
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
Adama Expresa
Allied Stores
QUOTATION
Nat. Power & Light
484
THURSDAY, DECEMBER 14, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
DEC. 13, 1939 STOCKS
Authorised Capital....... 850,000,000
ון
* Last Sale
Last Ente
Reserve Funds:
Dec. 12
• Dec. 12
Sterling
31
Lakey Foundry & Mac.
31*
Alleghany Besi Co. wines
22
Libbey-Owens-Ford
Gioss
容量
Lockheed Aircraft
31
Proprietors.....
$20,000,000
Allis Chalmers creamsiden
38
Loew's Inc.
33
Head Office:-HONG KONG
Aluminium Ltd
Mack Truck Inc.
231
Amerada Corp.
Manhattan Shirt Co,
Amer. Oan
1111
Martin, Gleu L
381
American Cyanamid B..
30
McKesson & Robbina, pfd.
Change up 1 ct.
Amer. & Foreign Power Ameri & Foreign $7 pt.... American Gas & Elec Amer. Locomotive .................
2}"
Monsanto Chemical
1031
2+1
Montgomery Ward
Board of Directora: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
5311
371
National Aviation
121
211
Wat. Dairy Products
154
up 1-3/8
Amer. Metals Co.
*****
241
Nat. Distillers
23
Ի
******
up 1-3/8
Amer. Radiator
D
National Gypsum
111
D. F. Landale, Esq.,
Amer. Rolling Mili...........
161
National Lead
201
G. Miskin, Esq.,
Amer, 8'ting and Ring Co.
50
81
A. S. Morrison, Esq.,
Change up 3/8
Amer, Sugar Redning
201
National Steel Corp.
711
Hon. Mr. T. E. Pearce,
Issued & Fully Paid-Up 800,000,000 Incorporated by Royal Charter, jaks
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
..............£3,000,00 HEAD OFFICE: LONDON:
Chairman.
Deputy Chairman,
J. E. Bousfield, Esq., A. B. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
38, Bishopsgate E.Q2 Sao-Agencies In London: 11/29, Leadenball Street, E.0.3. West End Branch; 14/16, Cockapur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, - 9. AGENCIES AND BRANCHES:
ALOR STAR AMRITSAR
BANGIGE BATAVIA BOMBAY
BARBIN
PENANG HONG KONG RANOCON
Paid-Up Capital ......... £8,500,000 Reserve Fund
£3,000,000
£3,000,000
ILOILO 1POR
KARACHI
SALOON
JEREMBAN
SHANGHAL
Amer. Tel. ✯ TA.
170
Nat Supply Corpa,.....*.
91
H. V. Wilkinson, Esq.
CALCUTTA
up 7/16 up 1/2
Amer. Tobacco "3"
83+
New York Central .....
177
Sir Vandeleur M. Grayburn,
AGENCIES: CLATE STAKET
Niagara Hudson Power
11+
6
Chief Manager. PALI PLACK
KLANG
ROLE KJALA
SINGAPOR
SITIAWAN
SOURABAYA
30
N. American Aviation ......
Branches:
CANTON DAWNPORE
LUMPUH
TAIPING
231
North American Co.
21
21
Northern Pacific
9
"Amoy
CEBU
1poh
54
Owens-Illinois Glass Co.
611
Bangkok
Johore
141"
Pacifc Gas & Elec.
321
Batavia
Kobe
Penang Rangoon Saigon
COLOMBO DELHI
KCCHING
HADRAS MANILA
TIENTSIN
TONGEAH
(-Bhuket)
MIDAN
TRINGTAO
Bombay
Kowicon
San
121
Factic Lighting
473
Calcutta
Kuala
Francisco
294"
Packard Motors
"Canton
Lumpur Shanghai
814
Paramount Pictures
77
Chefoo
London
Singapore
15
Pennsylvania RR.
22
Colombo
Lyons
22+
Phelps-Dodge
394
Dairen
Phillips Petroleum
40
Foochow
Manila
221
Pittsburg Coke & Iron
8
Hamburg
14!
Public Service of.N.J.
391
(Johore) Tientsin
501
Pullman Inc.
33+
42
Pure Ol
83
711
Radio Corps of Am.
Celanese
271
Reading Company; Com:
161
Chesapeake & Ohio ........ 391 Chrysler Corpo.
Reading Company, lat pid
861
Remington Arms Go The
!
041
551
15.33 15.04
15:01 15.29
Opening
Closing
Cilmax-Molybdenum Co. Colts Patent Fire-Arma Columbia Gas & E. Columbia 6% "A" pf. Commercial Credit Co. Com. & Southern (ord) Colmonwealth $6 cum. pfd. tup Consolidated Edison 1. dff Consolidated Ofi 28 up Continental Can Change Continental Oli
474
Republic Aviation Corp.
61
Republic Steel
231
-
61
Revere Cop, & Brass Inc.
144
35
Reynold Tobac. "3"
371
451
Richfeld O
78
11
Saleway Stores
453
Schenley Distillers
12골
301
Schenley Distillers $51 pfá. «
71
Sear. Roebuck
80
42+
Shell Union Oil
121
22
Socony-Vacuuma Oil
11}
10.85/84
11.08/09
.33 up
62
Southern Pacifie
148
Corn Products
10.32/82
11.05/05
.38 up Curtiss Wright (C.)
101
Southern Rly 35 ptd.
334
10.56/54
-10.77/81
.32 up Curtiss Wright "A"
28
Sperry
*
45
10.15/18
10.48/47
.38 up Deere & Co.
221
Spicer Manufacturing Co.
3041
*
9.85/88
10.05/10
.30 up Distillers Corpn. Seagrama
16)
Standard Brands essen
51
10.09/08
10.29 N
.34 up Douglas Aircraft'
751
Stand Gas & Elec.
21
9.39/38
9.58/58 unquoted 11.21 N
.32 up
Du Pont de Nemours
1784
Standard Oil of California
241
Eagle Picher Lead
11}
Standard Of of NJ. ................
421
.36 up Eaton Mfg. Co.
29
Stone & Webster
11
Elec. Autolite
37
Studebaker Com,
8j
229,500 bales
Elec. Bond & Share Elec. Bond & Share $5 pf.
71
Swift International
311
57 *
Technicolor
12
Elec, Bond & Share $6 pt.
67
Texas Corpn.
42
BANK OF EAST ASIA, LIMITED
19.30/40 19.00/18.90 18.95/99 18.70/85
20.48/48 48 up Elec. Power & Light $7 pf. 19.41b/45a .34 up Flintkote
294
Texes Gulf Sulphur
321
Authorised Capital..
.$10,000,000.00
201
Trans-America Co.
Paid-Up Capital
--------- ** 5,599,600.00
18.65/65
20 up Gen. American Trans. .27 up Gen Electric
55
20th Cent. Foz.
12
Reserve and Undivided
391
20th Cent. Fox. $14 pr.
22
Profits
2,883,932.01
1
18.50/50
23 up Gen. Motors
531
Union Carbide & Carbon ........
841
Den. Railway Signal
18.
Union Pacific
073
1
Gen, Tire & Rubber
21**
United Aircraft
431
Head Office:~HONG KONG No. 10 Des Voeux Road, Central
Glidden Co.....
17.
United Airlines Trans.
144
98/98)
11
Goodrich (B.F)
192
United Corph
21
up
24+/942
95/951
* up
Goodrich $5 pl......
65)
United Corpn. $3 cum pf.
39
921/827
927/93
4 up
Goodyear Tire & Co.
231
24 United Gas Corpn...
14
"Li Koon Chun, Bag,
Great Northern Iron Ore
171
United Gas Improvement
14
Great Northern Rly, pfd.
277
US. Industrual Alcohol,
221
532/534
unch. Great Western Sugar
283
US. Rubber
401
551/551
554/551
off Greyhound Corp
17
US. Rubber $8 pid.
10631
541/541
551/551
unch. Hercules Powder Co.....
87
U.S. Steel
861
Homestake Mining
601
Vanadium
33
International Harvester
B01
Walworth Co.
52
Batarla
791/798 801/801 831 A
201/801
1
London
New York
"Jap
India
0/4-1/4
July
841/847
847/85 80/86
1
1
BB ន
up
Int. Nickel ......
36
Warner Bros. Pict.
31
Bombay
Osloatin
Melbourne
up
Int. Tel. & Tel.
41
Westinghouse ‘Elec.
109)
tfalping
up
Johns-Manville
76
Woodward Iron Cor.
234*
Bankow
Itapolnju
How York Parik
Seattle | Vancouver Semarang
6-7/8
NEW YORK HIDES
J. & Laughlin Steel $7 prd. 68
29-1/4
March
23-1/2
June
Paris....
3.11
New York, Official
15.01/02 15.04/07 15.31/32 15.38/36 34-3/4
15.29/29
23 up Rennecott Copper
37+
Chase National, Bänk National City Hank
**351*
Kobe
Priping
*8*
15.58/59
27 up
34-3/4
Hongkong
Spot
Dec.
0/4-9/16 0/4-41/64
Jan
Spot
28-1/4
3.92 5/3
Sellers
Opening Closing
0/4-9/16 0/4-41/04
High
1939
Low Dow Jones Averages. 165.92 121.44 30 Industrials
35.90 24.14 20 Raile
REUTER'S SERVICE)
27.07 20.70 20 Utili
Tientsin-Pukow Rly. 5%
(German Stpd.) entsin-Puków Rly, 5% Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan)
72.24 84.51 40 Bonds
14
14
Guinness (A) Bon & Co. 81 Hawker Siddeley Airc.... 16/3. Bristol Aeroplane
0/4-35/64 -0/4-5/8
U.S. Dollars
$7-15/32 $7-19/32
7-9/16 7-15/32
7-7/18 7-11/32
Dec. Jan. Market. Steady,
Merchant Rates
Sterng, 0/4-19/32 US Dollars, $7-1/2,,
Silver duty Rate
The Central Bank of China's rate 001 London at 10 am. today was 1/2-1/2d., unchanged | from yesterday.
NY-London Cross Rate 3.93-1/4
LONDON STOCK EXCHANGE
London, December 12. The following quotations are thej middle prices at the close of the market in London. All quotations
are subject to confirmation and
no responsibility is assumed for errors in transmission.
The Equalisation rate was 24-1/4 Chinese 41% Gold Loan
Der cent
Calcutta Exchange
Calcutta, Dec. 12 (Reuter),
TT. on Japan, 80-3/4.
ལ་གླུ་
14
(Ger, 8tpd. Supl. Loan Jap. 5% Ster, Loan, 1907 48 Jap. 5% Ster, Loan, 1924 56 Ger. 7% Intl. Loan, 1924 5 Chartered Bank... EL.K. & §'ħal Bank (Ldn.
Regi
· Imperial Chemical. Ind. 29/0
INDO-CHINA
Imperial Tobacco ... 113STEAM NAVIGATION COMPANY LTD.
Marks & Sp'cer "A" ord.
Operating Services for Cargo and Passengers
£.
Var Loan, 31%
after 1952)
92-7/16 Canton-Kloon Rly, 6% 17
Red
8
82
Rolls Royce
95/71
1898 (Brit. Issue)..... 55 Chinese 5% Gold Bonds:
1925-47
H.K. & S'hal Bank (Col.
Reg.)....
Leyland Motors
87/9
85
Tate & Lyle
57/11
TO-
47
Chinese Eng. & Mining
(bearer)
Turner & Newall
73/41
17
United Steel
21/3
Chin. 41% Anglo-French
Loan, 1908
Chosen Corporation
0/6
Smethwick Drop Forg...
13/6
15
Pekin Syndicate....
Armstrong Stevens, ord. '6
25
34
Chin. Imperial Rly. 5%
Luan... Sonan Rly, 5% Sukuang Rly. 5% 1911. Bukuang Rly. 3% 1911
(German Isque)
55
Thai Mec. Constr. Co... ghai Wateruwrks “A”. 12 Union, Insurance
23 Gula Kalumpong Rubber 21/3 Allied Ironfounders.....i 15/3 Asso. & Elec. Industries 39/3 Austin Motors, ord. ...... 17/9 Cable & Wireless, New
13
Pressed Steel," com....... Vickers, ord.
14
18/41
Woolworths
60/9
Anglo-Dutch
27/11
Rub. Plant. Invest. Trust" 33 Burma Corporation Commonwealth Mining..
11.
Marsman Investments...
15
Form, ord.
571
Randfontein Estates
17
3.-A. Tob. (bearer)
89/44
Western Holdings
14/6": 38/11 11
:
Mercantile Bank
111
Sub-Nigel
16
Cammell Laird, ord.
6/6
Tanami Gold Mining....
203/0 3d
Lung Tsing & U: Hai Rly.
5% 1913
Mexican Eagle
6/74
Anglo-Iranian
51/3
18
Courtaulds
35/9
Surmah
60
3hal-N'king Rs. 5...
20
Distillers
63/9
Shell Trans & Trad. S
Megtsin-Pukow Ry. 5%,
(Brit. Stpd.)
Dunlop Rubber
28
(bearer)
78/9
14
Gen. Electric (England) 75/3
-Nominal
India Rupee Paper
Bombay, Dec, 12 (Reuter). Government 31% Rupee, 87-12-0 nominal,
New York Exchange
New York, Dec, 12 (Reuter). TT, on London (Opening Rate). 3.02-3/4.
LONDON GOLD
London, Dec, 12 (Reuter). Bar Gold, Fine per cz, 168,
Chinese 5% Crisp, Loan,
1912.
Chinese 5%. Reorg. Loan.
1913 (Ldn. 16.)
Chinese 8% Ster. Notes,
1925 (Vickers)
འ
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN'
KOBE and OSAKA
BINGAPORE, PENANG and CALCUTTA
BANDAKAN
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.,LTD TELEPHONE SOJIL GENERAL MANAGERS.
—bid.
1-ex. dlv.
DOW JONES AVERAGE
31 24
24.88
89.11
Dec. 18, 1939
Close Dec. 11, High Low 147.05
147.59
146.93 31.44 21.13 31.31 2490 24,61 24.70 89.01
60.53) 45,59 · 11 · Commodity Index
50.43
Change .1% off .07 up .19 of .10 of
Business Done 610,000 shares
Chief Manager.
Sourabaya
Malacca Sungei
Patani
Haiphong Muar Swatow
Bankow Mukden Tokyo Harbin New York Tsingtao Hongkow Peiping Yokohama Iloilo.
HAMBURG HANKOW
NEW YORK PRIPING
(Peking)
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 FIXED DEPOSITE
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 rencies on terms which will be British Income Tax overpaid, en quoted on application.
torms which may be ascertained at
ALSO up to date EAE DEPOSIT any of the Agencies and Branches. Boxes in various sizes To LET.
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 PORATION. Eules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
Board of Directors:
Bir Bhouson Chow, Chairman
Li Lan Sang, Kec. P. K. Kwok. Eng. Wong Can Son, Esq. Wong Yan Tong, Esq. Kan Ting Po, Eng. Chan Ching Shot, Esq. Fung Ping Wah Bag
Kan Tong Po, Esq., Chief Manager: Li Tea Fong, Eng, Manager.
Branches and Agenciez 200
Kowloon
Loudon
Pensor Singapore Долгова Bourabaya
Яw.tow Ben Fraz. Bydney
"Balgon
Shanghal
Every description of Banking and
THE CHASE BANK
13, QUEEN'S ROAD, CENTRAL
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.
This "Bank is entirely owned by THI CHASE "NATIONAL BAKK, New York, with Besources of over U.S.$2,900,000,000.
D. M. BIGGAR,
Second Vios PrIL
BANK OF CHINA
Specially Chartered by
HE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAE $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing
Our numerous Branches
a 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.
Head Office:-SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C."
South China Offices:
Exchange business transacted. Lomaz| granted on approved securities.
Current Accounts opened in Local SWATOW
CANTON "
KONGMOON TOISHAN
Currency and Fixed Deposits re- SHIUCHOW K-INGCHOW ceived for one year or shorter;
periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT BOTES TO LET.
KAN TONG PO,
C
We also handle the issue of Bonda
and ether Fublic Funds of the Chinese Government both at Home and Abrad.
SHOU J. "CHEN,
Konager.
HAIPHONG
TUKOHAMA
it
||
SAFE DEPOSIT BOXES
15/11