War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 6% "Chinese 41% Gold Loan 1598 (Brit. Issue)...... Chinese 5% Gold Bonds,
1925-47
J
92-5/16 17.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, December 14. The following quotations are the middle prices" ät the close of the market in London. All'quotations are subject to confirmation and; no responsibility is assumed for errors in transmission,
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)`
NEW YORK STOCK EXCHANGE
STOCKS
Adams ExpresK MENER
QUOTATION
MONDAY, DECEMBER 18. 1939.
BANKS
HONGKONG, & SHANGHAI THE CHARTERED BANK OF
DEC. 17, 1939 STOCKS
Last Sale
Dec, 16
Last Hale Dec, 18
B
Alleghany Steel Co. Allied Stores
22
Lakey Foundry & Mac. Libbey-Owens-Ford Glass
37
50
94
Lockheed Aircraft
$1
Proprietors
$20,000,000
Allis ChalmÁTS
401
Loew's Inc. ............
334
Head" Ofice: HONG KONG
Aluminium Ltd
951*
Mack Truck Inc.
23+
Amerada Corp.
Manhattan Shirt Co.
Amer. Can
113
Martin, Glen L
40
1)
SINGAPORE RUBBER
New York, December 16. Dec. 15 Dec. 16
American Cyanamid B
334
MeKesson & Robbins, pfd,
Monsanto Chemical
55
buyers
buyers
Change
Amer, & Foreign Power Ameri & Foreign 7 pt....
2
1082
25
|Montgomery Ward
Board of Directora: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
5-11
American Gas & Mec
38
National Aviation
13
SPOT
40-3/8
39-1/4
off 1-1/8
Amer. Locomotiva
47
321*
Sat. Dairy Products
151
J. E. Bousfeld, Esq., A. H. Compton, Esq.,
JAN.-MARCH
39-1/2
38-3/4
of 3/4
Nat Distillers
23
Chin. 41% Anglo-French
APRIL-JUNE
Loan; 1908
45
Chinese 5% Crisp Loan.
1912
The market was quiet.
25,
LONDON RUBBER
Chinese 5 Rearg. Loan,
1913 (dn. Is.)
37-1/2* 38-3/4 ON 3/4
"'.
Dec. 15 Dec. 16 .buyers buyers
Amer. Metals Co.
23
Hon. Mr. S. H. Dodwell,
Amer. Radiator....
$1
National Gypsum
114
D. F. Landale, Esq.,
National Lead
1
Amer, Rolling Mill
167
201
G. Miskin, Esq.,
Amer. S'ting and R'ing Co,
Nat. Power & Light
8)
I. S. Morrison, Esq.,
521
Change
Amer, Sugar Refining
203
National Steel Corp.
704
Hon. Mr. T. E. Pearce,
34
པ་
SPOT
Amer. Tel & Tel
1681
Nat Supply Corpu
81
A. Y. Wilkinson, Esq.
BANKING CORPORATION :
Authorised Capital..... 850,000,000 |
Sterling .... H.K. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
prietors......
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 180s Reserve Fanda:
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
Chairman.
Deputy Chairman.
HEAD OFFICE: LONDON:.
38, Bishopsgate E.0.2. Sub-Agencies In Londen: 117/19, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockspar Street, S.W.1. Manchester Branch: 62, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES: ALOR STAR AMRITSAR BANGKOK
BATAVIA BOMBAY CLEQUITA
·EAR IN
PENANO HƠN. TONG BANGQUA
INDIA, AUSTRALIA AND CHINA
31
...£3,000,000
£3,000,00
ILOILO IPOR
SAIGON
ARREMBAN
Chinese 8% Ster. Notes,
1925 (Vickers)
12
Chin Imperial Rly. 5%
Loap
5.5
Ronan Rly. 5%
15
Hukuang Rly. 5%, 1911...
17
Hukuang Rly 5%, 1911
(German Is uer
16
Lung Tsing & U. Hai Rly.
5% 1013
18
S'hai-N'king Rly
5%....
**
20
Tentsin-Pukow Rly. 5%
(Brit. Stod.) Tientsin-Pukow Rly. 5% (German Stpd. Tlentin-ulow Rly. 5%. (Brit. Stpd. Sup). Loan) Centrin-Pakaw Rly 5% (Ger, Stpd Supl, Loan) Jap. 5-Ster, Loan, 1907 Jap. 6% Ster. Loan. 1924 54) Ger. 2% Intl, Loan, 1024 53 Chartered Bank
14
14
14
14
48
H.K. & S'ha! Bank (Ldn.
· Regi
821
H.K. & Shat Bank (Col
JAN.-MARCH
APRIL-JUNE
1.
NEW YORK COTTON: Trade and foreign demand advanced prices easily. Hedge-selling against loan withdrawals was limited as a result of the grower's persistent holding-movement. Textles were more active and prices were firm. Trade predictions for the year-end
were generally optimistic.
NEW YORK RUBBER: There was some factory demand. Ship- ments were light and sellers were not pressing. -
CHICAGO WHEAT: The cash position remains firm while it is hinted that good export demand is expected as a result of the low crop estimate In the Argentine. Lack of an indication of early rellef in the drought sections is an additional bullish factor.
NEW YORK HIDES: There was a large commission-house de- mand for futures; including substantial purchases by the promin- ent dperators. Large, spot sales are reported. Active demand for domestic leather continues.
NEW YORK STOCKS: Previous" close, 149.64: Today's close. 149.35 Change, off 23.
NEW YORK COMMODITY
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
11-13/16
11-7/8
11-3/4
New York Central
181
Amer. Tobacco **
831
14
Closed
Amer. Waterworks
11
Niagara Hudson Power
61
Sir Vandeleur M. Grayburn,
Chief Manager.
AGENCIES:
KARAOĢI KLANG КОВЕ
SHANGHAI
SINGAPORE
SITIAWAN
Anaconda Copper
31
|N. American Aviation
26
Atchison, T. & S. Fe.
241
North American Co
22
Auburn Motors...
37
Northern Facific
0
Amoy
Branches: Ipoh
SAMLIK PLACE CANTON CAWNPOBE
KUALA
SOURADAYA
LUMPUR
ΤΑΙΡΙΝΟ
KUCHING
TIENTSIN
CEBU
KADEAS.
TONGKAN
Owens-Illinois Glass Co.
62+
Bangkok
Johore
Baltimore & Oblo
52
Batavia
Kobe
Pacific Gas & Elec.
33
Penang Rangoon Saigon
Harber Asphalt Co Barnsdall Ol.............. Bendix Aviation
141"
Bombay
12
Pactic Lighting
474*
Calcutta
Kowloon Kuala
Saa
Francisco
Packard Motors
31
Canton
30
Paramount Pictures
7+
Chefoo
Bethlehem Steel Bliss&Co.
83
Pennsylvania R.R.
221
Colombo
Lyons
Sourabaya
15
Phelps-Dodge
411
Dairen
Malacca
Sungai
Boeing Airplane Cu.
221
Foochow
Manila
Patani
Phillips Petroleum
39
Borg-Warner
.247
Pittsburg Coke
Tron
S}*
Haiphong Muar
Swatow
Biggs M'facturing
Hamburg
Public Service of N.J.
401*
Brooklyn-M'Eattan Brooklyn-Manhattan $8
Trans
143
Pullman IEC:
33
493
Pure Of
8
Canadian Pacific R'way. Case J, I
41
Radio Corpn. of Am.
54
721
Reading Company, Com
16*
Celanese
281
Reading Company, lat pía
25}
Chesapeake & Ohio
401
Remington Arms Co. Inc.
5+
Chrysler Corpn
891
Republic Aviation Corp.
51
MARKET
Climax-Molybdenum Co.
391
Republic Steel
231
Colts Patent Fire-Arms
82+
Revere Cop. & Brass Ine.
14
quoted on application,
Columbia Gas & El......
81
Reynold Tobac. "B"
378
KANKOW Lumpur Shanghai London Singapore
(Johare) Tientsin
Hankow Mukdeu Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama
Iloilo
MANILA MEDAN NEW YORK.. PRIPING
(Peking)
TSINGTAO YOKOHAMA
FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT A000s opened and FIXED DEPOSITs received for Que. 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 DEPOSITS The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local, and other Car-business, and claims recovery of rencies on terms which will be British Income Tax overpaid, on terms which may be ascertained at
"ALSO up to date SAFE DEPOSIT any of the Agencies and Branches:
COLOMBO DILAI HAIPHONG HAMBURG
(Bhuket)
#
Columbia 4% (“A” DA.
85
Richfield Ol
8
Reg.)
85
Commercial Credit Co.
44+
Safeway Stores
47
Chinese Eng. & Mining
(bearer)
17
Chosen Corporation
6/8
Pekin Syndicate
1/6
Shai Elec. Constr Co.
13
S'hal Watertiorks "A"...
12
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat. May Chicago Corn, May
19.50 19.35 2014 101
Prev. To-day's High Low Close Close Change 11.01 10.90 10.89 10,96 .07 up 19.50 105)
Com, & Southern (ord)
Schenley Distillers
19.406 05 up
Consolidated Edison Consolidated Oil Continental Can
291
Schenley Distillers $54 pid.
Boxes in various sizes To Let Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
J
R. A. CAMIDGE,..
Manager.
7t
Sears Roebuck
821
42
BANK
Shell Union Oil
121
Union Insurance
23
New York. Hides, Mar.
581 571 15.59 15,45
105 31 up Continental Oil
561 581 1 up 15.41
15.53.12 up
231
Socony-Vacuum Of
12
Copperweld Breel
17
Southern Pacific
143
Corn Products"
63
Southern Rly $5 pfd.
341
Gula Kalumpong Rubber 21/9
Allied Ironfounders
15
NEW YORK COTTON December
Close
Opening
Closing
Change
Curtiss Wright (C)
107
Sperry
.......
454
11.00/00
deleted
deleted
Curtiss Wright "A".
292
Spicer Man.ufacturing Co.
32
Asso. & Elec. Industries 39/3
Austin Motors, ord.
17/9
Cable & Wireless.
New
January
March
.11.09/09
11.14/14
11.15/15
.06 up
Leere & Co.
237
The Business of, the above Bank. is conducted by the HONGKONG | & SHANGHAI BANKING COR- FORATION. Rules may be obtain- An ed on application.
Standard Brands
5+
10.89/90
$10.92/91
10.96/97
.07 up
Distillers Corpn Seagrams
161
Stand Gas & Elec.
21
Form, ord.
May...
10:55/56
10.59/59
10.62/62
.07 up
Douglas Alrcraft
81
Standard Of of California
242
571
B.-A. Tob. hearkry
July
10.16/17
10.22/22
20.24/24
,00
Du Pont de Nemours
1791
Standard Oil of NJ,
43
up
91/3
Afercantile Bank
July (New contract):
10.28/28
10.41/41
10.43 N
.15 up
Eagle Picher Lead
114
Stone & Webster ......
111
114
Cammell Laird, ord,
October (
6/6
} ........ 9.83/65
Eaton Mfg. Co.
1:299
9.72/73
9.75/75
12 up
Studebaker Com
9
Elce. Autolite
371
Mexican Eagle
Spot
11.33 N
11.40 N
.07 up
Swift International
311
6/6
Elec. Bond & Share....
71
Courtaulds
Volume (In contract of
Technicolor ......
14
27
Elec, Bond & Share $5 pf.
57
Distillers
63/3
100 bales each)
183,400 bales
Texas Corpn.
431
B
Dunlop Rabber
29/9
Gen. Electric (England)
Note: January cotton, first notice day:-26/12/39 last notice day: -17/1/40.
Elec. Bond & Share $5 pf:
684
Texes Gulf Sulphur
321
Elec. Power & Light ST pr.
304
Authorised Capital..
.$10,000,000.00
Trans-America, Col
6.
75
Funtkote.........
201
Paid-Up Capital
5,598,800.00
Guinness (A) Sop & Co.
20th Cents Foz.
12
Reserve and Undivided
76/3
NEW YORK RUBBER
Gen. American Trans.
541*
20th Cent. Fox. sij pí.
221
Profits
Hawker Siddeley Airc....
2,883,832.01
36
December
20.25b/35a
20.30 N
.05 up
Gen. Electric
401
Union Carbide & Carbon
87
Bristol Aeroplane
14/71
March
19.35/37
19.30b
19.40b/50a
.05 up
Gen. Motora
54
Union Pacifc
96*
Imperial Chemical Ind.
20/73
May
18.95/95.
Imperial Tobacco
118 9
Marks & Spez "A" ord * 51/7
Jaly
18.72/72
18.90b/98a 18.70/80"
19.08/08
.13
ほか
Gen. Radway Signal
181
United Aircraft
451
Head Office-HONG KONG No. 10 Des Voeux Road, Central.
18.85/85
.13 up
Gen, Tire & Rubber
221
United Airlines Trans
151
September
18.57. N
18.70/70
,13
up
Glidden Co..
171
Rolls Royce
United Corpn.
23
Board of Directors:
95/75-
Leyland Motorg
Note: December rubber. last notice day:-27/12/39.
Goodrich (B.7.)
199
United Corpn. $3 cum pí
38
Bir Shouson Chow, Chairman
BT/9
Goodrich $5 pl
651
United Gas Corpn.
17
Li Koon Chan, Esq
Tate & Lyle
57/41
Tetal sales for the day:-310 tons.
Goodyear Tire & Co.
23
United Gas Improvement
14
P. K. "Kwok, Esq.
Turner & Newali
74
CHICAGO WHEAT
Great Northern Iron Ore
173*
US.. Industrual Alcohol.
21+*
United Sterl
21/3
Smethwick Drop Forg.
December
1031/103)
1063/107
31 up
Great Northern Rly, pía.
29
U.S. Rubber
411
13/6
Armstrong Stevens, ord.
May
в
Pressed Steel, corn.".
July
1018/101 102)/1021 991/992
100/1001
105/1051 1031/1031
31 up
Great Western Sugar
281
U.S. Rubber 38.pfd.
110
31 up
Greyhound Corpn...
161
U.A. Steel
671
14/14
Hercules Powder Co.
90
Vanadium
34
Vickers, ord.
16/41
Friday's sales:-39,048,000 bushels,
Homestake Mining
601
Walworth Co.
*61*
Amas
Pena
Woolworths
Batavia
Loudoo
ΗΣ
CHICAGO CORN
International Harvester
624
Warner Bros. Pict.
31
Bombay
MARIA
Anglo-Dutch
27/9
December
55/55
581/561
i up Int. Nickel
36-1
Westinghouse Her.
-114
Ualcutta
Halphour
Rub. Plant. Invest. Trust 33/9
May
567/57
571757
581/581
11 up
int. Tel. & Tel.
41
Woodward Iron Cor.
23*
Burma Corporation
11/9
July
572/571
571/561
581/581
1 up
Jahns-Manville
75
Commonwealth Mining... --
Marsman Investments...
WINNIPEG WHEAT
14/8
י.
"
Y
J. & Laughlin Steel $7 pfd. 88 Kennecott Cooper
Chase National Bank National City Bank
361*
Peiping
29 1*
38
Randfontein Estates. 38/1
December.
8316
847b
14 up
Western Holdings ....
10/6
May
Sub-Nigel
202/6
July
871/871 881b
39/891 90/90
11 up
*---bid.
14 UD
Tanami Gold Mining.....
t-ex, div. DOW JONES AVERAGE
Anglo-Iranian.
Burmah
3d 53/9 60/71
NEW YORK HIDES
1939:
March
15.41/43
Shell Trans.
June
15.71/71
+2 Trad
New York, Official
80
34-3/4
NY-London Cross Rate 3.93-1/4
15.45/50 15.80b/81a 15.83b/84a .12 up unquoted 3.04
15.53/53
.12 up
High Low Dow Jones Averages, 156.92 121.41 30 Industrial
Dec. 18, 148.64
35.90 24.14" 20 Raila
97.07 20.70 20 Utilities
32.93 84.51 40 Bonds
31 81 24.99 89.32 62.70 45.59 11 Commodity Index 82.70
Dec. 17, 1939. Bigh Low Olise 149.80 149,04 149.38 31.87 31.71 31.78 25.00 24.84 24,88.
Change .28 off 03 off 06 of 98.29 1.03 off 63.70 1,00 up
Business Done -340,000 shares
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
Y. M. GRAYBURN,
Chief Manager. Hong Kong 28th Feb., 1939.
BANK OF EAST ASIA,
LIMITED
Li Laa Sang, Esq. Wong Cha Son, Esq. Wong Tan Tong, Esq. Kan Ying Pa, kaq. Chan Oblag Sher, Esq. Fang Ping Wah Eng
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Hakuw Honolulu Kabe
Branches and Agencies ;—
Kokos
Melbourne Nigssaka New York Perin
Kangoon
Saigon
Singapore
Sourabay Estow
Fran, Sydney
cisco Tintain Seattle Vancouver Bracing
Shanghai
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINK 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 Back is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Besources of over U.B.$3,900,000,000
D. M. BIGGAR,
Second Vice Pr
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
1.
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (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 Basking and Exchange.
Head Offee:-SHANGHAI Hong Kong Branch:
4. QUEEN'S 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 Deposita re- SHIUCHOW ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAVE DEPOSIT BOXES TO LAT."
KAN TONG PO,
Chief Manager.
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Boods and other Public Funds of the Chines Government both at Home and Abroad,
SHOU J. CHEN,
Manager.
(bearer)
Nominai
JAPANESE GOODS AND BRITISH BLOCKADE
SHANGHAL Dec. 15. (Int'l)- "For every ton of German goods confiscated by the British authorities on board Japanese ships, the same amount of British goods aboard British vessels in Far Eastern waters will be confiscated by the Japanese," stated a Jap-¡ anese spokesman here.
A cargo of German goods is aboard the Sanyo Maru, which salled from Rotterdam on Dec. 10.
Japanese naval circles maintain- ed that the new blockade measure is incompatible with international law and the Japanese authorities are resolved to enforce their views by actions if necessary.
“SILVER MARKET
BOMBAY SILVER Bombay, Dec, 16 (Reuter). Market Qulet.. Offtake 100 bars. Indian Mint Silver
Ready
63-18 Jan. 6 Settlement a 63-14 Feb, 3 Bettlement
64-10
MONEY AND EXCHANGE
CLOSING QUOTATIONS Bangkok:
DECEMBER 18.1939
in London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand/% 7/8 Credits 4 months' sight 1.3 1/4 In Shanghai:-
On demand
'n Bingapore:-
On demand On Japan:-
On demand
On India:-
315
52 3/4
103 1/4
On demand Sterling Notes:-
Bank Buying Rate Bar Silver per 0%.....
Calcutta Exchange
149 1/2
1/
23 3/8
Calcutta, Dec. 16 (Reuter). TT on Japan, 80-3/8. India Rupee Paper..
Bombay, Dec. 16 (Reuter). Govt. 31% Rupee, 87-12-0.
Telegraphic Transfer. 182 1/2 New York Exchange
and demand
In New York:--
Bank Bills, on demand 24 5/16 Credits, 60 days sight 24 15/16
'n Batavia:-
On demand. 40 1/4
m Paris:-
Bank Billa, on demand 1:00 Credits 4 months' sight 1:45
m Balgonan
On demand
108 1/2
ha Manila:-
'On demand
48 5/8
SINO FRENCH
RAILWAY LOAN. KUNMING, Dec. 17 (Int'l)—
INDO-CHINA
The Sino-French Railway Loan STEAM
or $200,000,000 is reported to have
NAVIGATION COMPANY LTD.
been signed, whereby a new rall-Operating Services for Cargo and Passengers.
way be constructed from this city
to Ipin west of Chungking.
The agreement will come into effect as soon as it is approved by the Military Affairs Commis-. Bion.
The loan is secured by the pro- ducts along the projected railway and salt.
New York, Dec. 18 (Reuter). (tration of the line are entirely
The construction and adminis T.T, on London (Opening Rate). in Chinese hands. 3,94-3/4
Savings Certificate
Sales
have been sold in Lanchow since the inception of the service lo- cally two weeks ago. ||
To promote the sale of the cer- tificates, the Lanchow branch of LANCHOW, Dec, 17 (Central)-the national economy and savings More than $50,000 worth of Na promotion tional Economy Bavings Certiformed in the near future to take Ocates issued by the Postals Bank charge of publicity work,
committee will be
TO-
✨ SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA,
SANDAKAN
HAIPHONG
All steamers borth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
M
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJIL GENERAL MANAGERS
Page 10Page 11