PAGE 14 HONGKONC. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 14 1939
On London:-
Telegraphic Transfer. 1/2 7/8 Bunk Bills, on demand/2 7/8 Credits 4 months' sight 1/3 1/4 On Shanghai:-
On demand
On Singapore:-
315
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
QUOTATION
DEC. 14, 1939 STOCKS
STOCKS
Adams Express
Last Se Dec, 19
81
Last fale:
Dec. 13
Alleghany Steel Co. ...... Allied Stores .... Allis Chalmers
221
Ekey Foundry & Mac. Labbey-Owens-Ford
Orass 49%
Sterling
Paid-Up Capital £8,500,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro
Reserva Fund Reserve Liability of
FRIDAY, DECEMBER 15, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital..
........... $50,000,000
INDIA, AUSTRALIA. AND CHINA
Issued & Fully Paid Up 850,000,000 Incorporated by Rayal Charter, 1883 Reserve Funds:
$£3,000,000
.£3,000,000
prietors
£3,000,006
91
Lockheed Aircraft
Proprietors
$20,000,000
HEAD OFFICE: LONDON:
* 39.
Loew's Inc.
$34
Head Office:~HONG KONG
Alumiolum Ltd
96
Mack Truck Inc.
29/
Amarada Corp. Amer. Can
Manhattan Shirt Co,
115:
Martin, Glen L.
39)
On demand.
32 3/4
New York, December 13.
American Cyanamid B
32
McKesson & Robbins, pid,
Board of Directors: Hon. Mr. A. L. Shields,
On Japan:-
Amer. & Foreign Power
2
Monsanto Chemical
Chairman.
105
On" demand,
103 1/4
· SINGAPORE KUBBER
Dec. 12
Dec. 13
Ameri & Foreign $7 pt....
251
Montgomery Ward
W. H. Lock, Esq.,
54
buyers
On India:
buyers
Change
American Gas & Elec
38
National Aviation
123
Telegraphie Tronster.
182 1/2
SPOT
39-1/2
40 cts,
up 1/3
Amer. Locomotive
22}
Sat. Dairy Products
15%
and demand
JAN,-MARCH
38-1/2
39
up 1/2
Amer. Metals Co...
243
Nat. Distillers
238
On New York:---
Bank Bills. on demand 24 3/8
- Credits. 60 days; steht 25"
APRIL-JUNE
30-3/8
37
up
5/8
Amer. Radiator
93
National Gypsum
111
Deputy Chairman, :
J. K. Bousseld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dudwell, D. F. Laadalo, Esq.,
38, Bishopsgate E.O...
Sub-Agencies In London:
117 Leadenhall Street, E.0.3. West End Branch:
14/16, Cockspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
· PENANG HONG KONG BANGOON
ALOR STAR AMRITSAR
HARRIN
The market was firm.
Amer. Rolling Mil............
17
National Lead
201
G. Miskin, Esq.,
On Batavia :--
On demand
On Paris:-
LONDON RUBBER
- 45 3/8
Dec. 12 buyers
On demand
..... 4 3/4
Un Bangkok:-
On demand
Sterling Notes:----
December
10.05/10
10.29N
}
9.58/58
unquoted
11,21 N
229,500
18.95/99
18.65/65
18.50/50
98/98/
Bank Bills, on demand 190
Credits 4 months' sight 1145
On. Saigon n
On demand
Du Manila:-
149 1/2
Bank Buying Rate... 1/4 Bar Silver per ...........33 1/2
Market Report
FROM RÓZA BRÓJ, aliver prices rose 1/16 yesterday for both deliveries, the quotations being 23.1/2 for Ready and 23.11/16 for Forward. Silver advices re- ported India as having bought. The market was steady. American Silver Spot.
was quoted at 34.3/4 for
The London-New York cross- rate was quoted at 402. New York- London was quoted at 393.5/4.
Market
Duli.
Sterling There were sellers at 1/3 Dec./ Jan and 1/2.31/32 May, buyers at 1.3.1/32 Cash and 1/3 March
U.S. Dollars Sellers at 24.9/16 Casti, 24.1/2 December and 24.3/8 January. buyers at 24.5/8 Cash. 24.1/2 January."
Shangha Dollars There wer
sellers during the early part of the morning at 320 atbeequently sellers were quoted at 317. At 1 pin the market closed with sellers at 327 for Spot. Shanghai Market Sterling, opened with sellers' at 4.41/64. Later the rate rose to 4.43/64 and at the close sellers for Spot were quoted at 4.35/64.. US. Dollars. There were sellers for Spot at the opening at 7.19/32 subsequently
the rate rose
to 7.21/32. At the close sellers for Spot were quoted at 7.7/18.
Afternoon Market
SPOT JAN.-MARCH
APRIL-JUNE
"
After ruling firm on outside buying, the market reacted on the cessation of this demand, after which the market was quietly steady. NEW YORK COTTON: Continued general demand advanced prices easily and the market was strong due to the strength of the December position. Trade shorts continued to be good buyers of near months, while offerings were scarce que to the Arm attitude of the growers.
NEW YORK RUBBER: Prices advanced on good factory and foreign buying which absorbed a sizable amount of December offer- Ings. Shipments were light and at higher prices.
CHICAGO WHEAT: Nearby positichs have further strengthened. Good milling demand reflects the strength of cash markets
A large scale purchase by the Finnish Government is reported to be under negotiation. Unfavourable crop news is unchanged.
NEW YORK STOCKS: Previous close, 146,93: Today's close, 148.94; Change, up, 2.01,
NEW YORK COMMODITY MARKET.
(By Courtesy of Messrs, Swan, Culbertson & Fritz and S. F. Levy & Company)
New York Cotton, Mar, New York Rubber, Mar, Chicago Wheat, May Chicago Com, May New York, Hides, Mar, NEW YORK COTTON
January March May July
July (New contract) October "{ December (
Spot
Volume (In contract of
100 bales each)
Prev. To-day's
Note: December cotton, last notice day:-15/12/39. NEW YORK RUBBER December March May July September
Note: December rubber, last notice day Total sale for the day:-3,620 tons. CHICAGO WHEAT December
Auburn Motors Baltimore & Ohio Barber Asphalt Co Barnsdall Of Bendix Aviation
Biggs M'facturing Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6 Canadian Pacific R'way. Case J. I.
Celanese
Chesapeake & Ohio Chrysler Corpn
11-7/8 12
11-15/16
Dec. 13 buyers
11-15/16 12-1/16 11-15/18
Amer. S'ting and Ring Co.
511
Nal Power & Light
81
K. S. Morrison, Esq.,
Amer, Sugar Refining
211
National Steel Corp.
721
Hon. Mr. T. E. Pearce,
Change
Amer. Tel & Tel.
1703
Nat. Supply Corpu
9:
H. V. Wilkinson, Esq.
up 1/16
Amer. Tobacco "E"
83+
New York Central
191
Sir Vandeleur M. Grayburn,
up 1/16 unch.
Amer, Waterworks
111
Niagara Hudson Power
*
Chief Manager.
Anaconda Copper
·311
N. American Aviation
253
V
Atchison, T. & S. Fe.
341
North American Co.
Branches:
22
2.
Northern Pacific
9
Amoy Ipoh
61
Owens-Illinois Glass Co.
613
Bangkok
Johore
144
Pacific Gas & Elec.
Batavia
Kobe
323
12)
Pacific Lighting ....
Mombay
Kowloon
Ban
474
Calcutta Kuala
Francisco
301
Packard Motors
31
Canton
Lumpur Shanghai
Bethlehem Steel
83}
Paramount Pictures
7골
Chefoo
London
Singapore
Bliss & Co.
15
Pennsylvania RR.
23
Colombo
Lyons
th
Boeing Airplane Co. Borg-Wamer
231
Phelps-Dodge
41.
Dairen Malacca
244
Phillips Petroleum
Foochow Manila
301
221
Pittsburg Coke & Iron
Haiphong Muar
.142
Public Service of N.J.
Hamburg
391
Bankow
50%
Pullman Inc.
33+
Harbin New York
5
Pure Oil
82
Hongke
73
Radio Corpn. of Am,
5
Iloilo
23
Reading Company, Com:
17
401
Reading Company, 1st pid
25*
837
Remington Arms Co., Inc.
5*
Climax-Molybdenum Co.
472
Republic Aviation Corp.
5%
Colts Patent Fire-Arxis ... Columbia Gas & M.
824*
Republic Steel
23
B
Revere Cop. & Brass Inc.
147
High ..Low Close Close Change 11.28 10.86 10.77 11.22 .45 up 19.67 19.42 19.4lb 19,53
.12 up 100 961 95 991
42 up 571 55A 554 57) 15.50 15.34 15.29 15,34
Columbia 6% "A" pt........ Commercial Credit Co..... Com. & Southern (ord)) Colmonwealth $6 cum. píd. Consolidated Edison Consolidated Oli
85
Reynold Tobac. "B"
374
451
Richfeld OL
73
..11.
Safeway Stores
464
Schenley Distillers
124
291
Schenley Distillers $51 pfd.
76
Sears Roebuck
81
Continental Can
421
Shell Union Oll
121
2
Continental O!!
224
| Socony-Vacuum "OU
112
.14: up
Corn Products
621
Southern Pacific
15#
Close 11.08/09 11.05/05 10.77/81 10.46/47 10.72/73
Opening
Closing
Change
Curtiss Wright (C.)"
104
Southern Rly $5 pid........
·349
11.28/28
11.56/56
בני 48.
Curtiss Wright "A"
28
Sperry
451
11.27/27 11.00/01 11,22/28
11.45/45
.40 up
·Deere & Co.
23+
Spicer Manufacturing Co.
32*
45 up
Distillers Corpn. Seagrams
161
Standard Brands
51
10,88/90
.42 up
Douglas Alrcraft
781
Stand Gas & Elec.
20
10.31/33
10.50/50
*45 Up
Du Pont de Nemours....
1801
Standard Oll of California.
243
10.60/65
10.74/74
45 up
Eagle Picher Lead
111
Standard Oll of N.J.
424
9.30/82
9.95/90. unquoted
37 up Eaton Mfg. Co.
201
Stone & Webster
117
Elec. Autolite
371
Studebaker Com.
BJ
11.66 N
45 up
Elec. Bond & Share
·71
Swift International
314
BANK OF EAST ASIA,
Eles. Bond & Share $5 pr.
57*
Technicolor
131
312,300 bales
Elec. Bond & Share $6 pí.
861
Тетал Согр.
42
·
Mec, Power & Light $7 pi. Flintkote
30 "
Texes Gulf Sulphur
321
21
Trans-America Co.
$
20.48/48 19.41b/45a 19.45/42
*
20.55/55
19.53/55
.07 up .12 "up
Gen. American Trana. Gen. Electric
55
******
20th Cent. Fox
12
391
20th Eent, Fox. 311 pl. .....
18.98/19.00 18.75/80
19,10/10
15 up Gen. Motors
541
Union Carbide & Carbon
18.75/75
.10 up
Gen. Railway Signal
19
Union Pacific
93
18.62/65a
.12 up
Gen. Tire & Rubber
227
United Aircraft
451
27/12/39.
Güdden Co.
171
United Airlines Trana,
15
Goodrich (B.F.)
20
United Corn.
21
Goodrich $5 pl.
662
United Corpn. $3 cum. pf.
391
The market was quiet in the afternoon.
May
95/95
July
927/93
981/971 94/95
1:
1024/102 994/991 972/971
4 up
Goodyear Tire & Co.
241
United Gas Corpn..
11
32 up
Great Northern Iron Ore ...
1ał
United Gas Improvement fa
41 up
Great Northern Rly; pfd.
282
U.8, Industrual Alcohol.
224
Sterling
Jaz and 1/2.31/32 May, buyers at]
1,31/32 Cash, 1/3 March,
U.S. Dollars
and
24.3/8 January. December buyers at 24.5/8 Cash. 24.1/2. May
sales:-23,697,000 bushels.
There were sellers at 1/3 Dec:/ CHICAGO CORN
Bellers at 24.9/16 Cash. 24.1/2 WINNIPEG WHEAT December
Tuesday's
Great Western Sugar
29
U.S. Rubber
41
Greyhound Corpn.
177
U.S. Rubber s8 pfd.
108
December
531/531
May
July
551/551 551/552 55/55 551/551
551/551 571/573 571/58
11 up
Hercules Powder Co.
88
U.S. Steel
631
2
up
Homestake Mining
60
Vanadium
35
21 up
International Harvester
627
Walworth Co.
B
20
Batavia
Int. Nickel
351
Warner Bros. Pict.
Bombay
Hania
January
July
801/831 841/35 86/86
824/83
||
83 b 874/871 883/887
קט .23
int Tel & Tel
41
Westinghouse „Rec."
111
Calenta
3 up
Johns-Marville,
754
Woodward Iron Cor.
241
קט 24.
Semarang
Shanghai Dollars
327.
NEW YORK-HIDES · March
J. & Laughlin Steel $7 pid. 681* Kennecott Copper
3TI
Chase National Bank National City Bank
387*
29*
Shanghai Market
June
15.29/29 15.58/59 15.72/69
15.40/41
15.43/43 15.70/72
.14 up
.12
קטן
|
London
New York
Japan
'India
Paris
074-1/4-
sterling. Seller for Spot at 435 New York, Oficial 34-3/4
64 and U.8. Dollars 7.7/18.
Shanghai Exchang
Shanghal, Dec. 14 (Reuter).
Official T.T. Rates
Hongkong
Spot
Dec.
Jan.
Spot
Dec.
6-7/8 29-1/4 23-1/2 3.11 23-1/4
Sellers + Opening Closing 0/4-41/84 0/4-35/64 0/4-41/04 0/4-35/64 0/4-5/8 0/4-33/64 U.S. Dolian $7-19/32
7-9/16
7-15/32
Jan. Marker Quiet.
Merchant Bates
Sterling 0/4-17/32. US. Dollars, $7-3/8..
Calenta Exchange
$7-7/16
Calcutta, Dec 13 (Reuter)..
T.T. on Japan, 80-3/4.
india Rupee Paper
Bombay, Dec, 13 (Reuter). Government 31% Rupec, 87-12-0
nominal,
New York Exchange
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, December 13. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and
n responsibility is assumed for
error in transmission,
Chinese 8% Ster. Notes,
1925 (Vickers)
22
358
Tientsin-Pow Alz. 5%
(German Stod.). flentsin-Pukow. Rly. 5%
tentain-Pukow Rly. 5% (Brit. Stpd. Supl Loan)
14.
(Ger. Stpd. Supl. Loan)
"34-3/4
*-bid.
t-ex at
NY-London Cross Rate 3,93-5/8
3.93-3/4
DOW JONES AVERAGE
1
1939
Fligh
14
Low Dow Jones Averages. 155.92 191.44 30 Industrial
33.90 24.1420 Baile 97.07 -90.70 20 Utilities 98.23 84.51 40 Bonds 60.53, 45.59 11 Commodity Index
Dec. 14, 1939. Dec. 12, High Low Close 146.93 149.29 147.12 148.94 31 31 39.08 31.34 32.00 24.70 9495 24.60 24.88 89,01
Change 8.01 up .69 up .16 up 89.17 .28 up 62.33
rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO LET
i:
Sourabaya Sungei
Patani. Swatow (Johore) Tientsin Mukden.
Tokyn Tsingtao Peiping Yokohama
NEW YORK PRIPING
(Peking)
(Phuket)
TRINGTAO 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 ACCOUNTS also opened in Local Currency and Starling with interest allowed at rates obtainable
CURRENT ACCOUNTS opened in on application. LOCAL CURRENCY and FIXED Daponits
The Bank's Head Office in 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
Atso up to date SAFE DEPOSIT any of the Agencies and Branches. Boxta in various sizes To LET
R. A. CAMIDGE, Hong Kong, 25th September, 1839.
Manager.
HONGKONG SAVINGS
BANK
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
The Business of the above Bank: is conducted by the" HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain- An ed on application..
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb., 1830.
LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,598,600.00 Beserve and Undivided
Profits
2,683,932.01
Head Office:-HONG KONG No. 10 Des. Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chun, Ear, Li Lan Sang, Esq. P. K. Kwok, Esq.,
Wong Che Son, Esq.
Wong Tan Tong, Esq. Kan Ying Po, Zag.
18, 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 Yox, with Bosources of ove U.8.$2,900,000,000.
D. M. BIGGAR,
Sacond Fica 'Prez
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
(BRANCHES ALL OVER CHINA) |
Chaa Ching Shai, Esq. Fang Ping Wah EPAID-UP CAPITAL 840,000,000,00
Kan Tong Po, Esq., Chiat Mapager. Lá Tan Fong, Esq., Manager,
Halphong Kuikgew Horsinla Kobe
Owing to our numerous Branches in China and connections in the principal Commercial Centres of -the World, we are able to extand
Branches and Agencies :~.
Karipos Penang Slagapers London
Bourabaya Hangoon Hairon
Bwizow Melbourne San Fran. Sydney
sentin
Kaylaaks New York Beat?" Vancouver Paris
Popier
Shaoghal
o our Cliente special facilities for Domestie and Foreign Banking and Exchange.
Head Office:-SHANGHAJ Hong Kong Branch:
4, QUEEN'8" ROAD, C... South China Offices:
CANTON
Every description of Banking and Exchange business transacted. Loans granted on approved securities,
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SEIUCHOW eaived for one year of aborter
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds
periods in Local and Foreign Curand other Public Funds of the
Chinese Government both at Home and Abroad.
Penang Kangoon Saigon
AGENCIES: KODE
CLIVE STAKET
RIA PEACE
CANTON DAWNPORE CIBU
KUALA
BANGKOK
BATAVIA
ILOILO
IPOR
SAIGON
SKREMBAN
BOMBAY
KARACHI
SHANGHAI
CALOUTTA KLANG
SINGAPORE
SITIAWAN
SOURABAYA
COLOMBO DELFI HAIPHONG HAMBURG. HANKOW
LUMPUR KUCHING MADRAS MANILA
MEDAN
TAIPING
TIENTSIN
TONGKAR
||
Business Done :-1,060,000 shares
KAN TONG PO,
Chief Manager.
SHOU I. CHEN,
Kanager,
14
&
War Loan, 31% Red
after 1952)
92-5/16 Canton-Kloon Rly. 5% 17 Chinese 41% Gold Loan
Jap. 5% Ster: Loan, 1907 48 Jap...6% Ster, Loan, 1924 551 Ger. 7% Intl. Loan, 1924 5 Chartered Bank HLK. & 8'hai Bank (Ldn.
Reg.)
Guinness (A) Bon & Co. 78/71 Hawker Siddeley Airc.... Bristol Aeroplane
B
16 15/11 Imperial Chemical Ind. 29/1) Imperial Tobacco.. Marks & Sp'cer "A" ord. 51/6
117/8
82
Rolls Royce-
95/7/
H.K. & Shai Bank (Col
Leyland Motor
88/1)
7-13/32
7-5/18
1898 (Brit Issue).... 55 Jhinese 5% Gold Bonds.
1925-47....
Reg.)
85
Tate & Lyle
56/9
TO-
Chinese Eng. & Mining
Turner & Newall
74/11
47
bearer)
17
United Steel
21/44
hip. 44% Anglo-French
Loan, 1908
hosen Corporation
6/6
Smethwick Drop Forg.
. 13/6
45.
Pekin Syndicate
1/6
Armstrong Stevens, ord. 6
Chinese 5% Crisp Loan, :
1912
S'hai Elec. Constr. Co.
13
Pressed Steel, com.
14/13
25
Bhai Waterka "A"... 12
Vickers, ord.
16/41
Chinese 5% Reorg. Loan,
1919 dn. Ia)
34
Union Insurance.. Quía Kalumpong Rubber 21/104 Allled Ironfoundera
23
Woolworths
80/9
Anglo-Dutch
27/6
15
12
New York, Dec, 13 (Reuter). T.T, on London (Opening Rate).
13.93
Chin. Imperial Rly. 5%
Loan Tonan Rlv. 5%%% Hakuang Rly. 5%. 1911. Hukuang Rly. 5%. 1911
(German Irue} ang Tring & U. Hai Rly. "5% 1913 shai-N'King Rly, 5** Tentsin-Pukow Rly. 5%.
(Brit. Stpd.)
Asso. & Elec, Industries 39/1 Austin Motors, ord.
17/9
55"
15
Cable & Wireless, New
Form, ordin
· 17
8.-A. Tob. (bearer)
571 89/41
Western Holdings
Mercantile Bark
110.
Sub-Nigel ............
10/9 200
-18
Cammell Laird, ord..
8/6
Mexican Eagle
8/6
Tanami Gold Mining...... 3d Anglo-Iranian
52/6
18
Courtoulds
35/73
Burmah
80.
20
Distillers
60
Shell Trans. & Trad
Dunlop Rubber
28
14
Gen. Electric (England)
(bearer)
*Nominal
79/41
Rub. Plant. Invest. Trust 33/6 Burma Corporation......
11/6/ Commonwealth Mining... Marsman Investments... 14/6 Randfontein Estates .... 38/11
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOKE 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.,LTD. TELEPHONE COZINGENERAL MANAGERS
11