i
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
PETROL FAMINE FACES REICH
U.S. Statistics Show Her Isolation
Germany's grave shortage petrol and the difficulty she is ex- "periencing in obtaining furthe
supplies are emphasised by the Washington correspondent of the New York Times. He suggests that they may account for the Nazi failure to attempt, mass air raids on Britain and France or attack the Maginot Line.
"In the opinoin of America. Daval and military experts," he o altuation, and writes, "the especially the Reich's reserve of fuel oil, is the most serious problem Hitler Government facing the
today.
"Export data in the Depart- ment of Commerce appears to substantiate this opinion.
"
Offelal statistics from United States reports, which are "con- sidered reliable, all indicate that Germany is completely "Isolated from the great. oli
markets of the world. "So grave is the situation that! Germany is making frantle efforts to develob synthetic gasoline plants, which, it is hoped, may be in partial operation by the middle of 1540.
"Any hopes that the Germans might have of getting appreciable quantities of oil from Russian fields! have been dispelled. according to officials' information, by the fact that Russia is having a hard time producing enough for her own needs.
BETS SYSTEM CRITICISED
*£100 Sheer Profit A Month"
A betting sys.em by which "£100
a monin sheer profit" was promis- ed, was mentioned at Marylebone County Court recently,
Judge Sturges entered judgment for £100 and costs in favour of
01
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
HONGKONG
COMMODITY MARKET REVIEW
SINGAPORE RUBBER
"
SPOT JAN,-MARCH 'APRIL-JUNE
The market was quiet. LONDON RUBBER
SPOT
JAN -MARCH
APRIL-JUNE
NEW YORK COTTON:
CHICAGO:
CLOSED
༢;
Previous" close Today's close
buyer
11-5/8
11-3/8
11-9/16
Market closed.
buyer
CLOSED
NEW
YORK STOCK EXCHANGE
A forecast, of moisture in the dry section over the Atchison, T. & S. Fe. week-end had a depressing effect on the market. Report that with Auburn Motors ... the result of the recent drought deterioration
the West
and South-West has been further increasing were ignored today. The Barber Asphalt Co m markets were ease with no exports reported.
NEW YORK RUBBER: Market closed.
in
CHICAGO CORN: The cold weather in the West, unfavourable weather in the Argentine and small country offerings were all help- full factors. Good domestic demand reflects the strength of cash corn.
NEW YORK STOCKS: Previous close, 149.59; Today's close. 149.85 Change up .26.
T
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 Chicago, Corn, May New York, Hides, Mar. NEW YORK COTTON January
Baltimore & Ohlo
Barnsdall Ol} .....
Bendix Aviation
Bethlehem Steel Bliss & Co. Boeing Airplane Co. Borg-Warner
78
Packard Motors
BANKING CORPORATION”
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA
AND CHINA
WEDNESDAY, DECEMBER 27, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1803 Reserve Funds:
Sterling
Paid-Up Capital £3,000,000 £8,500,000 Reserve Fund......... £3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
£3,000,00 HEAD OFFICE: LONDON:
Reserve Liability of
Proprietors
Head Office:-HONG KONG
Board of Directora:
Chairman,
Deputy Chairman.
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
38, Bishopsgata E.0.2.
Sub-Agencies in London:
117/13, Leadenhall Street, E.0.3. West End Branch:
14/16, Cockspur Street, 8.W.1 Manchester Branch: 52, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES! ALOE STAB
KARBIN PENANG AMRITSAR
EONG IONG BANGOON
.$90,000,000
ΒΑΤΑΝΙΑ
BOMBAY
BANGKOK
ILOILO 1P0H
KARACHI
SAIGON
EBREMBAN
SHANGHAI
SINGAPORE
BITIAWAN
SOURASATA
LUMPUR
TAIPING
TIENTSIN
MADRAS
TONGKAH
(ŠKANILA.
MEDAN
(Bbuket) TSINGTAD
CANTON
Hon. Mr. T. E. Pearce, a
Sir Vandeleur M. Grayburn,
Chief Manager.
Penang Johore Rangoon
Saigon
CALCUTTA KLANG
AGENCIES: KOB
CLAY STRET
FATE PLACR KUALA
CAWNPORE ROCHING
COLOMBO
CKBU
TOKOKAHA
Sourabaya
Patani
Haiphong Muar Swatow Hamburg (Johore) Tientsin. Bankow Mukden Tokyo Harbin
New York Tsingtao Peiping Yokohama
CURRENT
HAMBURG BANKOW
NEW YORK
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
OCERENT 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
ACCOUNTS opened in on application. LOCAL CURRENCY and FIXED DEPORITS The Bank's Head Offoa 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 ALSO up to date SAFE DEPOSIT any of the Agencies and Branches. Box in various sizes To 'Ler
R. A. CAMIDGE, Hong Kong, 25th September, 1939. |
Manager.
QUOTATION
Dec, 24, 1939.
STOCKS
STOCKS
BUILDING
Adams Express
Last Sulg Dec. 23
81
Last Sale
Dec. 23
Lakey Foundry & Mac..
Alleghany Steel Co. Allled Stores .........
217
Libbey-Owens-Ford
Glasa
514
9
Lockheed Aircraft
30
Allis Chalmers
391
Loew's Inc. .....
367
Aluminium Ltd
96
Mack Truck Inc.
251
靠
Amerada Corp.
Manhattan Shirt Co,.....
(FROM PAYNE & CO.)
11
Amer. Can
113
Martin, Glen L
391
American Cyanamid B
331
McKesson & Robbins, pid,
New York, Dec. 23, 1939. Previous close December 23.
Buyers
Amer, & Foreign Power...
11
Monsanto Chemical
107
Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
Ameri & Foreign $7 pi....
23
Montgomery Ward
541
Opening Closing
Change
American Gas & Elec
371
National Aviation
13
Amer. Locomotive
201
at. Dairy Products
161
38-1/2
Amer, Metals Co.
*3
Nat Distillera
21.
Amer. 'Radiator
91
National Gypsum
111
D. F. Landale, Esq.,
38-3/8
*35-1/2 \
Amer. Rolling Mill.............
161
National Lead
20
G. Miskin, Esq.,
Amer. S'ting and Ring Co.
51
Nat Power & Light
8
*. S. Morrison, Esq.,
Change Amer, Sugar Refining
201
National Steel Corp.
69+
V. Wilkinson, Esq.
Amer. Tel & Tel :...
170
Not Supply Coren.
Amer. Tobacco "B"
841
New York Central
Amer. Waterworks
11
Niagara Hudson Power
Anaconda Copper
304
N. American Aviation ......
251
North American Co.
22+
21*
Northern Pacific.
84
Amoy
Branches: Ipoh
51
Owens-linols Glass Co.
621
Bangkok
DELAI
Batavia
Kobe
141
Pacific Gas & Eléc
331
HAIPHONG
Bombay
Kowloon *San
12
Pacte Lighting
481
Calcutta
Kuala
Francisco
30
Canton
Lumpur. Shanghai,
!!
T
Chefoo
Londoa
Singapore
Paramount Pictures
13*
Pennsylvanta R.R.
231
Colombo
Lyons
Dairen
Malacca
Sungei
223
411
Phelps-Dodge,
Foochow
Manila
243
401
14
Phillips Petroleum
Biggs M'acturing
21
Pittsbury Coke & Iron
71*
Brooklyn-M'hattan Trans. Brooklyn-Manhattan $6 Canadian Pacific Rway. Case J. L
14
401
Public Service of NJ,
487
31
Pullman Inc.
17
Hongke
Pure Of
70*
51
Iloilo
Radio Corpa, ut Am. ....
Celanese....
29
| Reading Company, Com:
154
Chesapeake & Ohio
391
Reading Company, 1st pla. 254′′
Chrysler Corpn.
891.
Remington Arms Co., Inc...
44*
Prev. To-day's
Climax-Molybdenum Co.
301
Republic Avlation Corp.
57
High Low
Close Close Change! Colts Patent Fire-Arma 10.75
closed Columbla Gas & E 19.10
closed Columbia 6% "A". pr.
81 *"
Republic Steel
6:
Revere Cop. & Brass Inc.
133
841*
Reynold Tobaë. “Ĥ”
1021 1013 578 571
1031 1021
4 of Commercial Credit Co.
453
Richfeld On
Close
Opening
571 573b 15.08
Closing
off Com. & Southern (ard) closed
Consolidated Edison Change
Consolidated Oil
11
Safeway Stores --
30
Schenley Distillers
78
Schenley Distillers $54 prd.
10.93/93
Continental Can
422
Sears Roebuck
10.75/75
Continental Oil
231
Shell Union Oll .....
10:40/41
Copperweld Steel
16 *
Socony-Vacuura 01!
10.04/04
Com Products
63
1.
Southern Pacific ....
140
is conducted by the HONGKONG)
10.24 N
CLOSED
Curtiss Wright (C.)
10
Southern Rly $5 pfd,
October. December (
}
9.54/54
::
Curtiss Wright "A"
281
Sperry
451
9.47/47
Deere & Co.
23
Spicer Manufacturing Co.
331*
Spot
11.15 N
Distillers Corpn. Seagrams
194 -
Standard Brands
5
2
Douglas Aircraft
811
Stand Gas & Elec.
Du Pont de Nemours
179
Standard Oll of California
251
Eagle Picher Lead
11
Standard Oll of N.J.
447
Eaton Mfg. Co.
291
Stone & Webster
11*
Elec. Autolite
371
Studebaker Com,
91
Elec. Bond & Share
71
Swift International
32
Elec, Bond & Share $5 pf.
581*
Technicolor
12}
CLOSED
Elec. Bond & Share $8 pl.
673
Texas Corpn. ........
44
Elec. Power & Light $7 pf. Flintrote
31
Texes Gulf Sulphur
324
197
Trans-America Co.
BL
Gen. American Trans. Gen. Electric
55 *
20th Cent. Fox.
121
40%
20th Cent. Fox. $1 pf.....
231*
1031/103
1007/1001
1011/1024 1027/1021 1001/997 100/1001 100/1001 998/991 991/991
4 off Gen Motors.
541
Union Carbide & Carbon
874
of Gen Railway Signal
18
Union Pacific .......
941
off Gen. Tire & Robber
22
United Aircraft
471
Glidden Co.
17 *
United Airlines Trans,
151
Goodrich (B.F.)
197
United Corpn.
2+
578/577 58/58
578/571
65 1
United Corpn. #3"cum pt. 381
Li Koon Chan, Esq..
Li Lan Sang, Eng.
582/581
574b 577/577 581/581
or Goodyear Tire & Co.
237
United Gas Corps.
11
P. K. Kwok, Esq.
+
of Great Northern"Tron Ore ...
171
United Gas Improvement
143
Wong Yun Tong, Esq. Kan Ying Po, Esq.
Wong Cha Bon, Esq.
THE
Chan Ching Shok, Esq, Fang Ping Wan Esq
WINNIPEG WHEAT December
Great Northern Rly; pfd.
US., Industrial Alcohol.
241
US. Rubber
402
Li The Fong, Esq., Manager.
831/83]
84b
May July
871/871
871/867
870/872
i up
Greyhound Corpn.
167
U.S. Rubber $8 pid.
1121
831/881
881/882
NEW YORK HIDES March
up Hercules Powder Co..."
Homestake Mining
89
U.S. Steel
671
Branches and Agańcia imm
591
Vanadium
331
Amoy
International Harvester
61..
Walworth Co.
51
Batavia
15.08/08
Int. Nickels
371
Warner Bros. Pict.
3
Calounta
15.38b/40a unquoted
Haiphong
Int. Tel. & Tel
4
Westinghouse Meo.
1181*
HASKOW
unquoted
Johns-Manville
*751
Woodward Iron Cor.
231*
Η οποία α
J. & Laughlin Steel 37 pfd.' 63 • Kennecott Copper
383
Chase National Bank National City Bank
351*
27**
86 PER CENT. RISE IN CAR EXPORTS encouraging statement
*bid.
1939
35.90 24.14 20 Bailk 27.07 20.70 20 Utilitusk
"
64.87 45.59 11 Commodity Index 63.10
Dec. 24, 1839. High
Change Low Dow Jones Averages, Dec. 22, High Low Close 156.82 121.41 30 Industria
149.69
150.04.149.40 149,85 31 44 31.62 31.48 · 31.58 2600 25.00 24,84 24,91 89,10 63,10
89,21
24 up .14 ap .04 off 0% off
.43 up
Business Done :-330,000 abarES
March
May
July
July (New contract)
Volume In contract of 100 bales each)...
Note: January cotton, first notice day:-26/12/39 last notice day
NEW YORK RUBBER
December March
May July September
Mr. George Mariano Lupistaca-17/1/40. Consection, a former jockey and; trainer
Lent Rise, Burn- ham, Bucks, Mr. Cor section claim- ed £100 damages for alleged fraud against Mr. Harold Johnson, trad- ing as J. Gower Cavendish. of Edgware-road. N.W., described as a "banking. #nance and invest- ment expert."
a!
Mr. Leonard Caplan, for the plaintiff, said that a "get-rich- quick" scheme was explained in a pamphlet, stating: "The following pages will show you How I have accumulated wealth and secured my future, and how you may just as easily do the same......£100 per month can be won eastly even if your investments are only small cres."
The system, which was said to have been evolved "after many.
of exhaustive years
research." consisted of betting on first and second favourites from April to October.
FORFEITURE RULE Mr. Caplan said that as soon as a client won £50 he was to send Mr. Johnson $10 for the use of the system. Mr. Johnson also offered to do the backing for clients,, who were to send him 5s in the pound commission before they received their winningu. Ա
20.84/64
19.10/10
18.85/85.
18.65/65
18.43b/452
Note: December rubber. last notice day:-27/12/39. CHICAGO WHEAT
May July
September
Friday's sales:-37.032,000 bushels. CHICAGO CORN
...
May July September
June
New York, Official
*NY-London Cross Rate 3.94-7/8
Branded Haberdashery
For many years now one of the
The
CLOSED
of Goodrich $5 pí
# up Great Western Bugar*...... '281
strong points of the textile trade made by Mr. Oliver Stanley. When a speculator sent the com- has been the use of the brand President of the Board of Trade, mission he expected to receive his name for the purpose of enabling to the House of Commons un winnings, but on a careful 'reading retail buyers to make certain of British export trade position is of the rules it might be possible for obtaining the articles which they supported by figures supplied by Mr. Johnson to say that he was require as well as for facilitating Rootes Ltd. or their export of entitled to hold on to the winnings the carrying out of orders at every motor-carz. until the end of six weeks.
stage of the transaction.
In the period Aug. 1 to Nov.,, 30, "Under the rules," continued Mr. Its value in connection with sales of commercial vehicles abroad Caplan, "he can say that you plece goods. Is at once apparent were actually 88.2 per cent, above, forfeit all you have sent him if because of the difficulty of describ-those for the corresponding period
}
DOW JONES AVERAGE
22.22 84.51, 40 Bonda
HONGKONG SAVINGS
BANK
Ha
THE CHASE BANK
The Business of the above Bank 13, QUEEN'S ROAD, CENTRAL
& SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1839.
BANK OF EAST ASIA,
LIMITED
Authorised Capital...$10,000,000.00 Paid-Up Capital 5,588,600.00 Reserve and Undivided
Profita
2,883,832.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
가
<
Board of Directors:
Sir Shotson Chow, Chairm
An
HEAD OFFICE:
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 Tar CHASE NATIONAL BANE, NEW YORK, with Besources of orie „U.S. $2,900,000,000,
D. M. BIGGAŔ.
Sacond Fion Pru.
BANK OF CHINA
Specially Chartered by
NATIONAL GOVERNMENT
OF CHINA AS AN
Kan Tong Fo, Esq., Chief Managar. ⠀⠀ . ' INTERNATIONAL" EXCHANGE
Korboa Penang Singapore
Loudon
Sobey Manila
Kobe
Basroon' Bourabaya
Balgon ŚWAŁOW Melbourne Bas Bra Bydney
Vancouver
New York. Besttir Part
Semarang
Pelping Shanghal
BANK...
PAID-UP CAPITAL 840,000,000,00 (BRANCHES "ALL OVER CHINA) Owing to our numerons 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 Office:-SHANGHAI Hong Kong Branch:
Every description of Banking and, Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re ceived for oac
year or shortei periods in Local and Foreign CurCANTON rencies on terms which will be SWATOW quoted on application.
SHIUCHOW
SATT DEPOSIT Borts To LET.
KAN TONG PO,
4, QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN
KINGCHOW. We also handle the issue of Boods
Chief Manager and other Publie Funds of the Chinano Government both at Home and Abroad,
INDO-CHIN
SHOU J. CHEN,
Mapager.
NAVIGATION COMPANY LTD THE MERCANTILE BANK
you do not pay these losses before ing some of them with the aid of last year. Exports to Australia STEAM receiving, the winnings. He is see-standard descriptions alone; the were up by 39 per cent, and to king to lead people into a default brand name identifies the material the West Indies by 45 per cent. Operating Services for Cargo and Passengers
South African sales advanced by Nowaday, the brand name is also 12 per cent.
so that he can exercise his forfel- immediately and clearly. ture rule."
Mr. Consection, who 'told the being found most useful in naming From Holland there were creas- court that he had been a racing the different items that the haber-jed orders for one make of car re- man for 52 years.. was asked by dasher has to keep in stock. Mr. A. Pocock, defending "Then It is a varied assortment, some you know there is no such thing them still of the old-fashioned as an infallible system?”
Ti kind, while others are quite new.
SIMPLE NAMES
"Nothing is Infallible," he replied, "but a system can work nicely. I have known some good systems."
A stay of execution pending ap- peal was granted.
presenting 61 per cent. The demand for commercial vehicles has been unexpectedly good. Business with Burma and the Far East was ex- cellent-Daily Telegraph.
There is just the same expres- siveness in the names that have of the lightest silk, a special beer coined for the purpose, as in characteristic being the thinness the case of other branches of the of the atting, so that the closure Industry. An example is to be is always neat,
found in the new Raynu series of Hairpins still figure in the list Distribution has begun in some dress fasteners that have been and there are hair curlers, as well centres in Britain of coloured gas placed on the market.
as hair grips.." masks for children of 24 to 4 years. Among them are names which Another line that is very much The masks are in a variety of correspond to various requirements in demand is the lingerie clip. pastel shodes, which the authorities of the dressmaker, including Another ingenious idea is a ga think will make them seem less fastening for the most delicate mask container with a forbidding to children.
underclothing and garments made means of fastening.
simple
TO
SWATOW, SHANGHAI, TSINGTAE, 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 partlculara:,
please apply to-
JARDINE MATHESON&Co.,LTD TELEPHONED3O3II. GENERAL MANAGERS
OF INDIA, LIMITED
Head Ofco-15, Gracechurch Street,
London, E0.3
Authorized Capital
Subscribed Capital
Faid-er Capit
Reserve Fund and Best,
BANKERS:
28,000,000
21,800,000
£1,050,000
21,252,770
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Jattan
Bangkok Ipak
Bombay:
Calontta
Xanta
Colorla
Kandy
Delhi
Karsch!
Galle
Kota Bharu
Mongkong Kuala Liple
Kusia Trengganu
Madras *New York
Репад Reagen Shanghai
Pimla
Howrah Kails Lapor Sapor
HONG KONG BRANCH:
Zvery description of Banking and Exchang kuzalisema tremesoted. *
Travellers Cheques tavsęd......
TRUSTEE AND EXECUTORSHIP.
UNDERTAKEN
H
QUERENT ACCOUN26 opened in Local Our Fancy And BIXED DEPOSIT received in Locat Carreno, STERLING & V.5, DOLLARS os tarme that may be hoertrăund te applisation.
D. BENSON.
非
Page 10Page 11