(FROM PAYNE & CO.)
On demand
On India:-
103 1/9
SINGAPORE RUBBER
Telegraphic Transier. 1"1/2 and demand...
On New York:-
Bank Bills, on demand 24 718 Credits, 60 days sight 25 1/16
On Batavia:
On demand... 45 1/2
On Paris:
Bank Bills, "on demand 590 Credita 4 months' sight 1145
On Saigon be
ЗРОТ
JAN.-MARCH
APRIL-MARCH
New York. December 19. Previous day December 19
Buyers Opening Closing. 39-3/B 39-5/8 39-5/8 39 cts 39-1/4 39-1/4 37 cts 37-3/8 37-3/8
PAGE 12 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 20" 1339
On London:
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand/2.7:8 Credits 4 months sight 1.3 1/4
On Shanghai:-
On demand
On Singapore:-
On demand
On Japan:-
300
52 3/4
PAYNE & CO.
COMMODITY BROKERS STOCK -EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
NEW
STOCKS
YORK STOCK EXCHANGE
QUOTATION
DEC. 20, 1939 STOCKS
Last Sale
Idal Stife Dec, 19
Dec. 19
Adama Represa
Likes Foundry & Mat..
31*
Alleghany Steel Co. .......................
211
Lubbey-Owens-Ford
Kilmas
191
Allied Stores
8]
Lockheed Alteraft ....
304
Proprietors
$20,000,000
Allis Chalmers
392
Loew's Mc.
32
Head Office:-HONG KONG
Aluminium Ltd
96
Mack Truck Enc. .....
271
Ameruda Corp.
Manhattan Shirt Co,
Amer. Can mu
112
Martin, Glen L
391
Board of Directora: Hon. Mr. A. L. Shields,
American Cyanamid B... 321
McKesson & Robbins, pid
Change
Amer. & Foreign Power Amari da Poreign #7 pf....
13
Monsanto Chemical
106+
W. H. Lock, Esq.,
234
| Montgomery Ward
631
American Gas & Elec, ...
38
National Aviation .............
.13
Amer. Locomotive
221
at. Dairy Products
161
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
up 1/4
Amer, Metals "Co.
23
Nal. Distillers
221
Hon. Mr. S. H. Dodwell,
up 1/4
Amer. Radiator
时
National Gypsum
11
D. F, Landale, Esq.,
up 1/4
Amer, Rolling Mill
161
National Lead .....
19
G. Miskin, Esq.,
THURSDAY, DECEMBER 21, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital........ 850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1855, Reserve Funds:"
Paid-Up Capital £3,000,000 Sterling
£6,500,000 Rear Fund
.....£3,000,000 HK. Currency Reserve $10,000,000 Reserve Liability of Pro Reserve Liability of
prietarseri
Chairman. Deputy Chairman.
$3,000,006
HEAD OFFICE: LONDON:
38, Bishopagatë E.G.S. Suo-Agencies In London! 117122, Leadenhall Street, ECS West End Branch:
14/16, Cockspur Street, &W.1. Manchester Branch;
32, Mosley Street, Manchester, 8.
AGENCIES AND BRANCHES:
HARBIN PENANG HONG KONG MANGOON
ALOB STAR AMRITSAR BANGKOK
The market was quiet. LONDON RUBBER
Aries. 8 Hot and Hart On.
514
Nat Power & Light
. S. Morrison, Esq.
'Previous close Today's close
Change Amer, Sugar Redning ......
211
National Steel Corp.
70
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.,
BATAVIA
BOMBAY
CALCUTTA
ILOILO IPOE KARACHI
SAIGON
SERIMBAN
SHANGHAI
KLANG
SINGAPORE
11
SPOT
JAN.-MARCH
On demand
[+18 1/2
Du Manila:-
On demand
On Bangkok
On demand
42 7/8
149 1/9
Sterling Notes:--
Bank Buying Rate
1A
Bar Silver per 0.
*3 1/2
Shanghai Dollars
; March
W
Shanghal Market
{
July New contract) ... 10.44/44 October
Market Report
APRIL-MARCH
After ruling steady, the market became dull in the absence of support.
NEW YORK COTTON: There was increased hedging and realiz-. Ing. Trade demand was smaller and outside interest was lacking. Spots were inactive, but prices held steady. Textiles were in good demand at reported concessions, but the mills are holding to the re- cent "price levels.
| Bethlehem Steel
31lks & Co..
NEW YORK RUBBER: There has been some scattered liquida-Boeing Airplane Co tion on this market. The primary markets are firm and shipments Borg-Warner are small."
CHICAGO WHEAT: Prices eased on heavy profit-taking and repossessions was realizing. Some hedge-selling against Loan
FROM ROZA BROS. The price for Ready Silver rose 1/18 to 23.1/2 yesterday and For- ward were 1/8 higher at 23.11/18.
as in the unfavourable crop news. Silver advices reported India having "bought.
NEW YORK STOCKS: The market was
148.03; Change, off ,29 quoted at 34.3/4 for Spot.
CTOSS- The Loncon-New York rate was quoted at 402, New York- London was quoted at 395..
Quiet
Market
Sterling
There were sellers at 1/5 Decem ber/January, 1/2.31/32 February/ March and 1/2.15/18 Aprii/June, buyers at 1/3.1/32 Cash and 1/3
March,
NEW YORK 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 U.S. DoBars
Chicago. Corn, May Sellers at 34.5/8 December, 24.1/2
New York, Hides, Mar January and 24.3/8 February, buyers at 24.11/15 Cash, 24.9/18 NEW YORK COTTON January and 24.7/16 February, January
There were sellers at the opening May at 312 and at the close sellers July were quoted at 318.
Prev, To-day's
High Low Close Close Change
Consolidated Edison Consolidated On Continental Can
buyer
11-15/16
11-15/16
11-13/16
buyer
11-7/8"
11-7/8
11-3/4
Amer. Tel. # Tel.
1691"
Nat. Supply Corga
81
off 1/16 Amer! Tobacco ""
84
New York Central
18
Sir Vandeleur M. Grayburn,
k+nasiasa
off. 1/16
Amer. Waterworks
111
Niagara Hudson Power
5
off 1/16
Anaconda Copper
31
N. American Aviation
251
Branches:
AGENCIES:
ходи
CLIVE STERKT KITALA
Chief Manager. FAIRLIK PLACE
SANTON CAWNPOBE
BITIAWAN
Atchison, T. & 3. Fe.
24
North American Co.
217
CEBC
Auburn Motors ...
24
Northern Facific
82
Amoy
Ipoh
Peasag
Bangkok
Johore
Rangoon
Baltimore & Ohlo
52
Owens-Tilinols Glaas Co.
62
14
Batavia Kobe
Saigon
|
Barber Asphalt Co. Barnsdall 11...... Bendix Aviation"
147
Pacific Gas & Elec. ............
Hombay
Kowloon San
117
Pacine Lighting
48
Calcutta
Kusla
201
Packard Motors ...
31
Canton
Lumpur Shanghái
02.
Paramount Pictures
72
Chefoo
London
Colombo
14}*
Pennsylvania R.R.
Lyous
Daireh. Malacca Sungei
221
Phelps-Dodge
41
Foochow
34.
Phillips Petroleum
391
Manila
Ratapi
evident. The mill markets were steady, while there was no change
Biggs M'facturing Brooklyn-M'hattan Trana. Brooklyn-Manhattan $6 - Canadian Pacific R'way. ... Case J, L
21
Pittsburg Cote & fron
Haiphong Muar Swatow
B**
Hamburg (Johore) Tientsin
14
Public Service of NJ.
40
484
Pullman Lic.
321
41
Pure 01....
7}
Hongke
Pelping
Hankow "Mukden Tokyo Harbin New York Taingtað
Yokohama
711
Radio Corpn. of Ami.
5+
Iloilo
Previous close, 149.22; Today's close,
Celanese
291
Reading Company. Com:
151
Chesapeake & Ohio Chrysler Corpn.
39}
Reading Company, ist pid
251*
89
Remington Arms Co. Dic,
43*
Climax-Molybdenum Co.
40
Republic Aviation Corp. ...
54
Colts Patent Fire-Arma Columbla Gas & E
82*
Republic Steel
231
6
Revere Cop, & Brais Inc.
14
Columbia 8% "A" pt.
85
Reynold Tobac" "3"
.37
Commercial Credit Co.
45
Richfield Oll
T
Com, & Southern (ord)
11
Safeway Stores
471
291
Bchenlay Distillers
111
Schenley Distillers $5 pfd
Francisco HANKOW
Singapore "Sourabaya
MANILA
*KIDAN
NEW YORK
PRIPING
(Peking)
Foazion Exchange`and General Banking Business transacted.
CURRENT ACCours 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 ACCOUNta also opened in Local Currency and Sterling with . interent allowed at rates obtainable
CURRENT ACCOUNTS opened in on application. LOCAL. CURRENCY and, FIXED DEPOSITS
The Bank's Head Offos in London received for one year or shorter andertakes 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 quoted on application.
terms which may be ascertained at
Ateo up to date Sare DEPOSIT any of the Agencies and Branches. Boxes in various sizes To Lat Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
COLOMBO
DELHI
HOURABAYA
LUMPUR KUCHING
TAIPING
TIENTSIN
+ MADRAN
TONGKAR
(Bhuket)
TINGTAO
XAIPHONG
TOKOKAMA
HAMBURO
R. A. CAMIDGE,
1
Manager.
THE CHASE BANK
15.65 15.32
Close
11.08/03 10.88/90"
Opening
10.86 10.71 10.88 10.71 .17 of 19.64 19.47 19.55 19.47
.08 off
· 1091 105 109 100 3 off
611 581
* 591
59) #up 15.56 15.32 .14 off Closing
42
Bears Roebuck
821
BANK
| Continental Oll
24
Shell Union O..
12
W
Copperweld Beel
18
Bocony-Vacuura Qu
11
821
Southern Pacific
141
Corn Products
10
Southern Rly 35 pid. ....
331
Curtiss Wright (C)
Change Curtiss Wright "A”
281
Sperrs
45
10.90b/11.00a 10.85/86
23 off
Deere & Co.
231
Spicer Manufacturing Co. 32**
181
Standard Brands
5+
10.82/81 14 10,71/72
17 of
Distillers Coffin. Seagrams
801
Stand Oas & Elec.
211
10.54/54
10.41/40
10.25/26
10.08/07
10.28/28
10.35/35 10.00/05 ,25 off 10.25/25 .19 off
19 of
Douglas Aircraft .......
Du Pont de Nemours ................
1791
@tandard Oil of California
244
Eagle Picher Lead
118
Standard Oil of NJ.
431
9.76/76
9,85/65
9.60/60
.18 off
Eaton Mfg. Co.
29+
Stone & Webster ......
111
There were sellers of Sterling December
14
9.67 N
9.57/57
9.53/53
14 off
Elec. Autolite
"
37
Studebaker Com,
119
at the opening at 4.3/4 for Spot Spot
December March"
May
July
September
11.14 N
and towards the close sellers were Note: January cotton, Arst notice day:-26/12/39 last notice day: quoted at 4.43/64 for Spot U. B.-17/1/40.
Dollars opened with sellers for Spot, at 7.13/18 and towards the
close there were probable buyers at 7.11/16 for near,
Shanghai Exchange
Shanghai, Dec. 20 (Reuter).
Official T.T. Estes
NEW YORK RUBBER
11.33 N
.19 of
Bec. Bond & Share ....
7
Swift International
324
BANK OF EAST ASIA,
Eles. Bond & Share $5 pf.
58
Technicolor
131
LIMITED
Elec. Band & Share $8 pf.
€71
Texas Corpo...en
431
Eled Power & Light $7 pf. Fintrote
$0
Texes Gulf Bulphur-
32
Authorised Ospital......$10,000,000.00
201
“Trans-Americk · Do.
53
Paid-Up Capital .........
5,098,000,00
20.45b/45a 19.55/55 19.10b/150 19.00/00
18.78/78
20.35b/40a 19.60/60 19.47/48 19.15/21 19.12/14 19.03/05 18.95/95
18.70b/759
10 of .08 off Gen. Electric...
02 up 05 off
Gen. American Trans.
55
20th Cent. FOX.
· 111
Reserve and Undivided
391
20th Cent. Foz #13 pt.
23.
Frofits......
Gen. MotorE
54
|Upton Carbide & Carbon
57+
Head Ofen:-HONG KONG
08. of
Gen. Railway Signal Gen. Tire & Rubber
181
Union Pacific
q
95
214
United Aircraft
451
No. 10 Des Voeux Road, Central,
Note: December rubber, last notice day:-27/12/39. Total sales for the days:-1,250 tona.
idden Co.
17
United Airlines Trans.
15
Board of Directors:
Goodrich (BF)
19
United Corpn.
2#
***h་་****་
Bir Bhouson Chow, Chairman
London
0/4-1/4
Goodrich $5 pf .................
65
United Corpn. 3 cum p1.
374
bị Koda Thau. Lượ
CHICAGO WHEAT
New York
6-7/8
Goodyear Tire & Co.
234
United Gas Corpn. .............
14
P. K. Ewok, Eaq.
Japan
29-1/4
December
1112/1114
India
Paris
Hongkong
23-1/2 3.11 28-1/4
May
July
1091/109 1081/1071 1077/107
1063/1061
1081/1081 106/1081 1042/1041
3 off
3
3 "off
888
Great Northern Iron Ore
--17-
United Gas. Improvement: 143 +
off
Great Northern Rly, pfd.
28
8., Industrial Alcohol.
221
Great Weslam Sugar a
29
US. Rubber
402
Monday's sales:-55,914,000 bushels.
Greyhound Cospl
161
UB, Rubber $8 pid.
1101
Sellers
CHICAGO CORN
Hercules Powder Co.
887
UA Steel ..............
Dee.....
Jan.
Opening Spot 0/4-3/4 0/4-43/84 0/4-43/64 0/4-3/4 0/4-23/32 0/4-41/64
Closing
December
571/567
May July
591/591 59/591 591/593
571/571 591/591. 60/601
4 up
up
up
€59.
Horhestaks Mining:
593
Vanadium
334
International Harvester
617
Walworth Co.
51
int. Nickel
361
Warner Bros. Pict
Barabag
Manila
31
int. Tel & Tel.
4
Westinghouse Klec.
116.
Baskow
WINNIPEG WHEAT
Johns-Manville
74
Woodward Iron Cor.
231
ilesDish
U.S. Dollars
Kobi
Spot
37-13/18 $7-11/18
December
May
Dec.
7-25/32
7-21/32
7-11/16
7-9/16
July
871/87 914b 021/921
"913/913
||
87/87 901/901 911/914
off. & Laughlin Steel #7 pid. 67)
11 off Kennecott Copper
381
Chaye National Bank National City Bank
Fulging
351* 274*
14 off
bid.
1-ex dis
NEW YORK HIDES
DOW JONES AVERAGE
March
15.56/58
June
New York, Omelal
15.62/65 15.86/86 15.94/91 34-3/4
15.32/37\ 15.65/67 34-3/4
24 off
23 off
3.95
China's
1939 High Low Dow Jones Average 155,82 111.41 30 Industrial»
25.90 24.14 20 Baile $7.07 20.70
92.32 84.31 40 Bonda
64.67 45.59 11 Commodity Index
Utilibus
21.86
Dec. 90, 1939 Dec. 16 High Low Close 149.22
146.59 148.35 148.93 3153- ··314) 81.08 · 31.13 24.96, 24.75 2482
89.28
89.19
64.67
Change 19 of .40 off .04 of
6193 74 off
Business Done :—750,000 shares
BAFE DEPOSIT BOTE TO LET.
KAN TONG PO,
Chief Manager
P
The Business of the above Bank! is conducted by the HONGKONG SHANGHAI BANKING COR PORATION. Hules may be obtain- ed on application,
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager, Hong Kong, 25th Feb., 1930.
Li Lan Sang, Eag Wong Chu Son, Esq,
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET, (
NEW YORK. An American Bank offering com- plate Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
*
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHA MAWIONAL BAKE, NEW YORK, with Resources of orie U.S.$3,900,000,000,
D. H. BIGGAR,
Second Fice Pres
BANK OF CHINA
Specially Chartered by
OF CHINA AS AN INTERNATIONAL EXCHANGIR
BANK
Wong Inn Tong, Eaq. Kan Ying Fo, RegPAID-UP CAPITAL 840,000,000,00
Chan Ching Shek, Esq. Fang Flag Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tas Fong, Esq., Manager.
Benches and Agencies ---
Kowloom
Pesant Alagapers. London Rangoon Bourabaya
Saigon
Bwakow Kalbourne Ban Bruno Bydany
Харар
Für Körk Beszkle VRISOVETER Bemarang
↑
(BRANCHES ALL OVER ÚRIÑA)
Owing to our numerous Branahes 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 Office:- SHANGHAI
Hong Kong Branch: -
4, QUEEN'S - ROAD, C. South China Offfees:
KONGMOON TOISHAN KINGCHOW
Every description of Banking and Exchange business transacted. Loans granted on approved securities. CANTON Current Accounts opened in Local SWATOW Currepay and Fixed Deposits re SHIUCHOW texted for one year or shorter: periods in Local and Foreign Cur rencies on terms which will be and other Public Funds of the Chinese Government both st Home quoted on application.
!. and Abroad..
We also handle the image of Boods
THE NATIONAL GOVERNMENT
"
BHOU J. CHEN,
Manager.
Jan.
Market:-Uncertain.
Merchant Rates
Sterling, 0/4-5/8.
B. Dollars, $7-5/8.
Silver Duty Rate
The Central Bank of
rate
London at 10 a.m. today was 1/2-1/2d, unchanged from yesterday.
The Equalisation rate was 24-1/2} Der cent
India Rupee Paper
Bombay, Dec. 19 (Reuter). Government, 31% Rupee, 87-12-0 nominal,
SILVER MARKET LONDON SILVER
London, Dec. 19 (Router),
NY-Landon Cross Rate 3.95
Foreign Trade Of China
Continued from Page 11
more than $410,000,000, resulting in in this northern port, pointed out a big import excess of over $310.- Mr. Tsou. Tientsin, which had an 000,000 during the period under re- aggregate of more than $150,000,000 view. This substantial adverse in import trade in 1936 and 1937, trade balance was mainly caused handled over $460,000,000 in imports by the dumping of Japanese goods alone during the first two years of In the occupied, territories, stated the war, Exports from Tientsin, [Mr. Tsou.
LONDON METALS
EXCHANGE
London, Dec. 19 (Reuter).
TIN
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
buyers
sellers E
.258
TO
256-1/4
-3 months-256 Standard,
Bet'ment Price 257-1/2 straits......... 282-1/2 nominal
however, have not been successful, standard, Cash 257 TRADE BY PORTS :.. as the 1937-9 Agures showed a standard. In reviewing the order of $230,000,000 decrease from 1935-7 importance of the ports of China figures. Another indication of the in wartime foreign trade, Mr. Tsou inability of the Japanese to utilize Silver-India bought. Business pointed out that Shanghai, which the resources in North China to small Market steady. In the normally takes approximately 50 their full advantage is the fact afternoon, the market was quietly per cent of the nation's total that the export trade of Kinochow steady.
international commerce, handled port represented a more than $40,- This also applies to Chungking, Spot. 23-1/2d.
only 38 per cent of the imports and 000,000 decrease in 1937-9 from the which handles chiefly trans-ship- 36 per cent of the exports during two years before the war.
ments of goods to and from abroad. the period under review. This Of the various customs houses Despite their proximity to the Indicated the success
of the which carried on the wartime Japanese forces along the coast, Market Quiet, Offtake 500 bars Chinese Government in diverting foreign trade of China before they the ports of Wenchow and Foochow part of the foreign trade in the fell to Japanese hands, Canton were able to export commodities Indian Mint Silver
territories around Shanghai and and Kowloon headed the list in the worth more than $10,000,000 from
1939. The ports the upper Yangtze river to other increase of the volume of interna- 1937 to outlets not subject to Japanese tional commerce. The trade returns Lungchow in Kwangal and Mengtze induence.
dia
which of HankoW
not reachin
formerly Yunnan, The increase In the imports impressive gures because mer-handled little trade for China, have important centres of through Tientsin by three times chandise from there was usually become
Forward, 23-11/16d.
BOMBAY SILVER
Bombay, Dec. 19 (Reater),
Ready Jan. 6' Bettlement Feb. 3 Settlement
62-04
• 62-08
83-02
SALONDON GOLD
London, Dec. 19 (Reuter).
Bar Gold, Fine per oz, 188,
of
SWATOW, SHANGHAL, TSINGTAU, CHETOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Shanghai," where passengers- and cargo are landed,
For further particulars
please apply tom
JARDINE MATHESON&Co.,LT
their peacetime voliame was eloquent imported or exported to or from foreign trade in the southwest TELEPHONE SOSÍL • GENERAL MANAGERS.
of the effect of Japanese dumping foreign countries vis other ports, during the war.