310
COMMODITY MARKET
98 3/4
On demand
On India:
103 1/2
Telegraphic Transfer. 1 1/2 and demand
On New York:----
Bank Bills, on demand 247/18 Credits, 80 days' sight 25" 1/16-
Un Batavia-
Un demand 45 1/2
On Paris:-
Bank Bills, on demand 1390 Credits 4 months' sight 1145
On Baigen
On demand 108 1/2
SINGAPORE RUBBER
#
New York, December 18, Dec. 18 Dec. 18
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS]
DECEMBER 19, 1939
On London:-
"Telegraphic Transfer. 1/2 7:8 Bank Bills, on demand/2 7/8 Credits 4 months' sight 1,3 1/4
H
On Shanghaft-
On demand
On Singapore:-
On demand
On Japan:-
!
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
QUOTATION
WEDNESDAY,
DECEMBER 20,
1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
STOCKS
1st Sale
DEC. 19, 1939 STOCKS
Dec. 18
Last Bale
Dec, 18
Sterling
Adams Express
81
Lakey Foundry &-Mac.
Alleghany Steel Co. k
211
Libbey-Owens-Ford
Glass
50
Allied Stores ......
Lockheed Aircraft
Proprietors
$90,000,000
302
R.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Beserve Liability of
prietors
"HEAD OFFICE: LONDON:
BANKING CORPORATION
Authorised Capital 850,000,000
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 181S Reserve Funda:
£6,500,000 Reserve Fund
Paid-Up Capital
INDIA, AUSTRALIA AND CHINA
.£3,000,000 £3,000,000
£3,000,00€
2
Allis Chalmers.
40
Loew's Enc.
321:
Head Office:-HONG KONG
REVIEW
Aluminium Ltd
951
Mack Truck Inc.
291
Amerada Corp.
Manhattan Shirt Co,......
NJ
Amer. Can
1124
Martin, Glen L
391
American Cyanamid B
33
McKesson & Robbins, pfd,
Amer. & Foreign Power
2
Monsanto Chemical
1061
Ameri & Foreign $7 pf....
241
Montgomery Ward
541
"buyers
buyers
Change
American Gas & Elec
381
National Aviation .....
12"
SPOT
39-1/4
39-3/8
up 1/8
Amser. Locomotive
224
at, Dairy Products
16
IN
JAN.-MARCH
38-3/4
APRIL-JUNE
38-3/4
39 37
up
1/4
Amer. Metals Co.
21
Nat. Distillers
23
up 1/4
Amer, Radiator
National Gypsum
II
D. F. Landale, Esq.,
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
Chairman...
Deputy Chairman,
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
38, Bishopsgata E.0.1. Sub-Agencies In London: 117/19, Leadenhall Street, E.C.3 West End Branch!
14/18, Cockapur Street, 8.W.1. Manchester Branch: 89, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:
HARBIN HONG KONG LANGOON
ALOR STAR
PENANG
AMRITSAR
The market was quiet.
Amer, Rolling Mill
188
National Lead
201
G. Miskin, Esq.,
BANGKOK
1:
LONDON RUBBER
Dec, 16
buyers
SPOT...... JAN.-MARCH
11-13/16
11-7/8
APRIL-JUNE
.11-3/4
Dec, 18 buyers.
11-15/16" 11-15/16 11-13/16
Amer. Sting and Ring Co.
521
Nat Power & Light
8
K. S. Morrison, Esq.,
BATAVIA
ILOILO 1POE
BAIGON
BERAMBAN
Hon. Mr. T. E. Pearce,
BOMBAY
Change
Amer, Sugar Redning
213
National Steel Corp.
701
4
H. V. Wilkinson, Esq..
Amer. Tel & Tel
1681
Nat Supply Corpn...
82
up 1/8 up 1/16 up 1/16
Amer. Tobacco "B" Amer. Waterworks Anaconda Copper
84
New York Central...
181
111
Niagara Hudson Power
Sir Vandeleur M. Grayburn,
Chief Manager.
6
CALCUTTA
KARACHI KLANG AGENCIES: KOBE CAFE STOKET KUALA FAIRLIK PLACE
GANTON
SHANGHAI
SINGAPOR
SITIAWAN
GOURABAYA
LUMPUR
TAIPING
31}
N. American Aviation
25
The market quiet but steady.
H
Biggs M'facturing.. Brooklyn-M'hattan TraNS, Brooklyn-Manhattan 36 Canadian" Pacific Rway." Case J. I, Celanese
Close
Opening
11.15/15
11.12/12
10.96/97
10.96/97
10.62/62
10.24/24
10.43 N
9.75/75
10.62/62 10.28/29 10,25/26 10.51/51 10.44/44 9.79/80 9.76/76
10.54/54
up Commercial Credit Co. up Com. & Southern (ord) Up Consolidated Edison..... .03 up Consolidated Oll Change Continental Can..... .07 of Continental Ol... .08 off Copperweld Steel .08 off Com Products..
.01 .01 up
up
01 up Curtiss Wright (0) Curtiss Wright "A" Deere & Co.
9.73 A
9.67 N
Distillers Corph. Seagrams
11.40 N
11.33 N
07 off Douglas Aircraft .........
Volume (In contract of
100 bales each)......
102,600 bales
Elec. Bond & Share
Elez, Bond & Share $5 pl.
December
March
May
20.30 N
20.45b/45a
19.40b/50a 19.45/45 19.08/08 "19.10b/15a 18.85/85 18.70/70
19.55/55 .. .15
18.95/99
19.10b/15a 19.00/00
.02
.15
18.78/78
*08
59899
.15 up Elec. Bond & Share $6 pi
Elec. Power & Light"$7 pi. Fiintkote
Gen. American Trans.
Gen, Electric
Gen. Motor:
Gen. Railway Signal
Gen. Tire & Rubber
Glidden Co. ".
1067/107
May"
105/1051
July
1058/106 1034/1031 1032/1041
1113/1114 1001/109
4 up
Goodrich (BF)
4 up
Goodrich $5 pf/
· 107/1071
4
up
Goodyear Tire & Co.........
Great Northern Iron Ore ...
Saturday's sales:-42,185,000 bushels,
CHICAGO CORN
Great Northern Aly, pfd
Great Western Bugar
December
581/581
571/561
up
Greyhound Corpn.
581/581
582/58%
591/591
581/581
591/591
11 up
1 up Hercules Powder Co.
Homestake Mining
International Harvester
Int. Nickel
December
May
July
847b 89/891
871/871
2 UP Int. Tel. & Tel.
891/891
90/90
"
911 921/92+
21 up
John's-Manville
24 up
."
J. & Laughlin Steel 37 pra. Kennecott Copper
1
15:56/58
.03 up
15.86/86 34-3/4 3.95
.03 up
H
Du Manila:
12
On demand
42 7/8
On Bangkok —.
On demand
149 1/2
Sterling Notes:----
Bank Buying Rate
1/4
Bar Silver per ca.
Market Report
23 7/18
FROM ROZA BROS. The price for Ready Silver rose 1/18 yesterday to 23.7/16 but the Forward rate was unchanged atļ 23.9/16. Silver. advices reported the market as being steady buti quiet. Bears covered to a small extent. American Silver was quot- ed at 34.3/4 for Spot.
The London-New
York cross-
rate was quoted at 402, New York- London was quoted at 395.
Market
Featureless.
Sterling
There were sellers at 1/3 Decem- ber/January, 1/2.31/32 February March and 1/2.15/16 May/June.: buyers at 1/3.1/33 Cash and 1/3 February.
F.S. Dollars There were sellers at 24.5/8 De- cember. 24.9/18 Arst half January and 24.7/16 frst hatt February. buyers at 24.11/16 Cash, 24.9/16 January and 24.7/16 February.
Shanghal Dollars
During
the early part of the morning there were sellers at 315
Atchison, T. & S. Fe.
NEW YORK COTTON; Present levels are attracting large Auburn Motors amount from Loan.
CHICAGO WHEAT: Extensive short-covering by the mills con- tinues to disclose the tightness of the December position. The cash market is strong.
GENERAL COMMODITIES: We disfavour short position in any major commodities under war uncertainties, but would be disposed to take profits on speculative longs on very much further advance. NEW YORK STOCKS: Previous close, 149.36; Today's close. 149.22: Change, off .14.
NEW YORK COMMODITY MARKET
(By Courtesy of Mesars, Swan, Culbertson & Fritz and
S. F. Levy & Company),
New York Cotton, Mar. New York Rubber, Mar, Chleago Wheat, May Chicago Corn, May New York. Hides, Mar. NEW YORK COTTON January March May July July, (New contract) October December ( ) Spot
Prev. To-day's Eigh
Close Close Change Low
11.05 10.78 10.96 10.88 08 off 19.59 19.45 19.40 19.55 .15 109) 1041 105 1094 591 58 581 591 '1 15.68 15.58 15.53 15.56
Closing
11.08/08 - 10.88/90
Note: January cotton, Arst notice day:-26/12/39 last notice day:
for Spot. Inter sellers were quot--17/1/40.
ed at 308. Towards the close at 1 NEW YORK RUBBER p.m. there were sellers at 312 for Spot.
Shanghai Market.
sterling opened with sellers for July Spot at 4.11/16. The highest rate September touched was 4.13/16. Towards the
close at 1. p.m. sellers, for Spot
were quated at 4.3/4. US Dollars
Note: December rubber, last 11otice day:-27/12/39." Total sales for the day:-1,000 tons.
opened with sellers" at 7.11/16 and| CHICAGO WHEAT
towards the close at 1 p.m. sellers December
were quoted at 7.13/16 for Spot
Afternoon Market
The market was quiet in the
afternoon.
Sterling
The market closed with sellers May
at 1/3 December/January. 1/231/ July
32 February/March and 1/215/16 WINNIPEG WHEAT May/June, buyers at 1/3.1/32 Cash
and 1/3 February..
U.S. DollarN
NEW YORK HIDES
There were sellers at 24.5/8 Der cember, 24.9/16 first half January and 247/16 first half February. March buyers at 24.11/16. Cash, 24.9(16 June
January and 24.7/10 February.
Shanghai Dollars Towards the close sellers
quoted at 313 for Spot.
were
Shanghai Market Sterling opened with sellers in the afternoon at 4.25/32 for Spot and towards the close buyers were quoted at 4.3/4 for Spot.
Shanghai Exchange
Shanghai, Dec, 19 (Reuter),
· Official T.T. Rates
London
New York
Japan
India
15.53/53 15.60/64 15.83b/84a 15.90/99
New York, Official ...... unquoted: NY-London Cross Rate 3.94
SILVER MARKET,
LONDON BILVER London, Dec. 18 (Reuter). Suver: Little bear covering. business very small. Market quiet- ly steady. In the afternoon, the market was quietly steady.
Spot, 23-7/184. Forward, 23-9/16d.
NEW YORK SILVER New York, Dec. 18 (Reuter).
BOMBAY SILVER Bombay, Dec. 18 (Reuter),
Market Steady.. Offtake 200 bars
U.S. SHIPPING IN,
MEDITERRANEAN
NEW YORK, Dec. 18 (Reuter).- The US. Maritime Commission has authorised the United States Line to operate the liners Manhattan and Washington, between New York, Naples and. Genos.
On the westbound voyage, the
Baltimore & Ohlo Barber Asphalt Co Barnsdall Ol Bendix Aviation Bethlehem Steel Bliss & Co.
Boeing Airplane Co. Borg-Warner
Chesapeake & Ohio Chrysler Corpn. Climax-Molybdenum Co. Colts Patent Fire-Arms Columbia" Gas & El. Columbia 6% "A" pl.
Du Pont de Nemours
Eagle Picher Lead
Faton Mfg. Co.
Elec. Autolite
1939
*-ex, div. DOW JONES AVERAGE
High Low Dow Jones Avarsges 156.92 121.41 30 Industrial
36.90 94.14 20 Rails 27.07 20.70 2 Utilities 02.39 84.51 4 Bonds
Dec. 13, 1939 Dec. 16, High Low
149.38
Close 149.80 148.69 '149.22
31.78
31.80 31.43 31.03
Change .14 off *.25 off
21.88
24.99" 24.70 24.88
89,29
89.20 64.67
.06 of ‚ng-off
.97 up
Business Done-720,000 shares
63.70 45.59. 11 Commodity Index 83.70
INDO-CHINA
vessels will be allowed to put in at STEAM" "NAVIGATION COMPANY LTð:
Monaco, but only for the purpose of picking up passengers.
0/4-1/4
8-7/8
Omcial Price. 34-3/4.
29-1/4
Paris Hongkong
23-1/2 3.11
28-1/4
Indian Mint Silver
4
Sellers
Opening
Closing
Ready
62-12
LONDON METALS
Jan. 6 Settlement
Epot
0/4-3/4.
0/4-3/4
62-15
Dec.
0/4-3/4
0/4-3/4"
Feb. 3 Settlement
63-09
Jan.
U.S. Dollars,
Calcutta Exchange
Spot
$7-13/18
Dec.
Jan.
$7-13/16 7-25/32 7-25/32 7-11/18 7-11/16
Calcutta, Dec, 18 (Reuter): TIT: ori. Japan, 80-3/8.
onyers sellers
Standard, Cash 258-1/2 259 Standard,.
256-1/2
0/4-23/32 0/4-23/32
13
EXCHANGE London, Dec... 18 (Reuter).
TIN
£
Market:-Quiet.
Merchant Rates
Sterling. 04/-3/4
US Dollars, $7-13/16.
Silver Duty Rate
The Central Bank of China's, rate on London at 10 am. today was 1/2-1/24, unchanged; from yesterday.
The Equalisation rate was 24-1/4
.ber cent
India Rupee Paper
3 months 256
Bet'ment Prices 258-1/2 Straits ......... 284 nominal
Bombay, Dec. 18 (Reuter).Standard, Government 31% Rupee, 87-12-0 nominal..
You York Exchange
New York, Dec, 18 (Reuter). TT, on London (Opening Rate). 3.93-7/8
LONDON GOLD
London, Dec, 18 (Reuter). Bar Gold, Fine per oz., 189.
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 st Shangbai, where passengers and cargo are lauded.
..
For further particulars
please apply to
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOJILL GENERAL MANAGERS
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office:-15, Gracechurch Street,
London, E.03
Authorised Capital..
Sabeer bad Capital
Paid-or Capital
Reserve Fund and Rest,
BANKERS:
£3,000,000
23,800,000
21,060,000
21,262,770
The Bank of England and Midland
Bank, Ltd.
BRANCHES:..
Kaala Trengganu
Bangkok
Ipoli
Bombay
Hxdra
Calcutta
Kuantan
New York
Colombo
Handy
Penang
Delhi
Karachi
Fogoon
Galle
Kota Bharu
Shanghai
Hongkong
Kuala Lipis
Mula
Howrah
Emala Lumpur Slogspore
HONG KONG BRANCH:
Every description at Banking and Exchange basina transacted.
Travallers Cheques femird,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT ACCOUNTS opened in Loral Car ready an FILED DEPOSITA raived in Loent Dorrency, STELLING & U.B, DOLLARS oc termy that may be soartalad on application.
D." BENSON,
Manager
갔다.
North American Co.
211
Amoy
Branches:
Ipoh
CAWN PORE CHE
SUCHING
TIENTSIN
27
Northern Pacifc
.. 81
Bangkok Jobore
51
Owens-Elinois Glass Co.
827.
Batavia
Kobe
Penang Rangoon Saigon
144
Pacific Gas & Elec.
13
Bombay Kowloon
San
12
Pacific Lighting3,
471*
Calcutta Kuala
Francisco
291
Packard Motors
31
Canton
83
Paramount Pictures
Chefoo
Columbo
147
Pennsylvania R.R.
221
Lyons
Dairen
Malacca
23+
Phelps-Dodge
411
Foochow Manila
240
Phillips Petroleum
381
Haiphong Muar
21+
Pittsburg Cake & Tron
81*
Hamburg
14
Public Service of NJ.
404
*
49
Pullman Ixc.
32
47
Pure Qu
73
721
Radio Corpn. of Am.
Iloilo
54
283
Reading Company, Com
16
40
Reading Company, ist pid
251*
691
Remington Arms Co., Mc.
41*
40
Republic Aviation Corp. ...
5#
821
Republic Steel
23
B
Revere Cop. & Brass Inc.
141
85
Reynold Todac. "B"
371
444
Richfeld Ou
8+
11
Safeway Storer
471
30%
Schenley Distillers
11)
7
Schenley Distillers $54 pfd.
42
Sears Roebuck .......
82
23
Shell Union Oil
121
17
| Socony-Vacuura Off
117
63 -
Southern Pactic
14%
101
Southern Rly $5 pfd.
281
Sperry
451
23
Spicer Manufacturing Co.
314
161
Standard Brands ......
51
793
Stand Gas & Elec........
2+
1791
Standard Oil of California
247
114
Standard Oil of NJ.
43+
Hong Kong, 25th Feb., 1839.
291
Stone Webster
111
371
Studebaker Com,
B1
71
Swift International
324
571*
Technicolor
141
87
Texas Corpn.
431
301
rexes Gulf Sulphur
324
201
Trans-America Co.
6
55
20th Cent, Fox.
12
*397
20th Cent. Fox. #1 pr.
23
2,863,039.01
534
Onion Carbide & Carbon
861
181
Union Pacific
91
HANKOW Lumpur Shanghai London Singapore.
Sourabaya Sungei
Potani
*Swatow (Johore) Tientsin Bankow Mukden Tokyo Barbiz New York Tsingtao
Yokohama Hongkew Peiping
CUREKST
MIDAN
NEW YORK PELPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Cus 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
ACCOUNTS opened in on application. LOCAL CURRENCY and FizED DEPOSITS The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Gur business, and claims recovery of rencies terms which will be British Income Tax overpaid, on terms which may be ascertained at
on
quoted on application.
ALBO up to date SAFE DEPOSIT any of the Agencies and Branches. Bors in various sizes To La Hong Kong. 25th September, 1939.
HONGKONG SAVINGS
BANK
The Business 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.
BANK OF EAST ASIA,"
LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital 6,598,600.00 Reserve and Undivided
Profita
Head Office:-HONG KONG
R. A: CAMIDGE,
Manager.
THE CHASE BANK
+
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET, An American Bank offering com- NEW YORK.
plate 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 BOCK, New York, with Resources of ove U.8.$2,000,000,000.
D. M. BIGGAB,
Second Vice Pres
COLOMBO DELHI
MADRAS MANILA
TONGKAH
(Bhuket)
TSINGTAO
HAIPHONG
TOKOHAMA
HAMBURG
221*
United Aircraft
454
No. 10 Des Voeux Road, Central.
174
United Airlines Trans.
15
197
United Corpn.
"24
63+
United Corpn. $3 cum pt.
374
"Li Koon Chan, Eag
231
United Gas Corpn.......
12
174
United Gas Improvement
14
271
UB., Industrual Alcohol
21 *
29
US Rubber
40%
1617
US. Rubber 48 pid.
110
891
U.S. Steel
671
60...
Vanadium
34
Andy
621
Walworth Co....
57
Bateria
361
Warner Bros. Pict.
32
Boobay
Manika
Caloutta
42
Westinghouse Elect
1147
Haiphong
Hankow
751
Woodward Iron Cor.
231*
Honglulu Kobe
66*
Chase National Bank
30 *
Paris
Falping
Bemarang Shanyba
38+
National City Bank
281*
*-bld.
11
Board of Directora:
Bir Shomson Chow, Chairman
Li Lan Bang, Esq. P.-K. Kwok, Esq. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Fo, ag. Chan Ching Shok, Eaq, Fang Ping Wah Esq
Kan Tang Po, Esq., Chief Manager. Li Tse Fong, Esq., Hanager.
Branches and Agencies :--
Kowloon Рипаля Bingapora Bettraby's Baigua wx.com Melbourne Bax Fran- Sydney Nagaraka
oo isteiz New York Battle Vanco
Landon Rangoon
Every description of Banking and Exchange business transacted. Lomas granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year or aborter periods in Local and Föreign Cur rencies on
terms which will be quoted an application.
BAPE DEPOSIT BOXES To Larv
KAN TONG PO,
Chief Manager
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT 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 to our Clients special facilities, for Domestic and Foreign Banking and Exchange.
Head Ofice:-SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Officer:
CANTON SWATOW SHIUCHOW
3:
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Page 10Page 11