On demand
On Japan:---
On demand
On India:
and demand
Telegraphic. Transier.
On New York:---
Bank Bills, on demand 24 1/2 Credits, 60 days' sight 23 1/8
Un Batavia :-
On demand
On Paris:-
Bank Bills, on demand 1000 Credits 4 months' sight 1145
On Saigon ---
On demand
On Manda:-
On demand
On Bangkok -
SPOT JAN,-MARCH
New York, Dec. 30, 1939.
Previous close December 30
Buyers Opening Closing
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
DECEMBER 30, 1939
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1,3 7/32,
On Shanghal-
On demand
On Singapore >
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW (FROM PAYNE & CO.)
310
22.3/4
03 3/4
SINGAPORE RUBBER
NEW YORK STOCK EXCHANGE.
Adams Express
| Alleghany Steel Oo,
Allied Stores
QUOTATION
401
BANKING CORPORATION
STUCKS
inst Sale
Dec. 31, 1939. STOCKS
Authorised Capital... $50,000,000
1st Sala Dec. 30.
Dec. 31
Lakey Foundry & Mac ·
3}"
MONDAY, JANUARY 1, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1889
Paid-Up: Capital £8,300,000 Reserve Fund
B
Libbey-Owens-Ford Glass
52
214
Lockheed Aircraft
311
Reserve Liability of
92
Loew's Inc.
351
Proprietors
..$20,000,000 |
Reserve Funds:
£3,000,000 Sterling
..£3,000,000 H.K. Currency Reserve $10,000,000 Roserve Liability of Pro
prietors
£3,000,000 HEAD OFFICE: LONDON:
16
Allis Chalmer ser Aluminium
Mack Truck Inc. .....
273
Head Offico:-HONG KONG
96
Manhattan Shirt Co.
****
Amerada Corp. ............................ Amer. Can
Martin, Glen L
401
1134
McKesson & Robbins, ptd.
38 cts.
APRIL-JUNE
37-3/4 36-1/4
American Cyanamid B Amer, & Foreign Power ... Ameri & Foreign și pi... American Gas & Mec Change Amer. Locomotive 37-7/8 37-7/8
off 1/8 Amer. Metals Co.
Amer. Radiator 37-578 37-5/B
off 1/8
Amer. Rolling MIN unch. 36-1/8 36-1/4
Monsanto Chemical
1091
11
Montgomery Ward
551
Board of Directora: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
Chairman.
24
National Aviation
137.
384
Tat. Dairy Products
161
21.
241
Nat. Distillers
2+1
National Gypsum
112
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
101
191
D: F. Landale, Baq..
National Lead
161
161
G. Miskin, Esq.,
Arper, S'ting and Ring Co.
501
Nat Power & Light、
The market was quiet.
LONDON RUBBER
Amer, Sugar Redning.
191
National Steel Corp.
ย
K. S. Morrison, Esq...
Hon. Mr. T. E. Pearce,
BOMBAY
711
Previous close Today's close
Amer. Tel. & Tel
1704
Int. Supply Corpn. ....
H. V. Wilkinson, Esq.
CALCUTTA
Deputy Chairman,
38, Bishopsgate E.0.2.
Sun-Agencies In London: 117/12, Leadenhall Street, E.0.1 West End Branch:
14/16, Cockspur Street, S.W.1. Manchester Branch:
62, Mosley Street, Manchester, 2. AGENCIES AND BRANCHES:
HARDIN
ALOR STAR AMRITSAR
BANGKOK BATAVIA
HONG KONG KANGOON
110ILO
ІРОД KARACEL KLANG
PENANG
9
buyer
buyer
Change Amer. „Tobacco "B"
863
New York Central ....
Sir Vandeleur M. Grayburg,
SPOT...
11-5/8
Amer. Waterworks
111
Niagara Hudson Power
181
**AGENCIES: KOBE CLIVE START
BAIGON
JEREMBAN
SHANGHAI
#
SINGAPOR
SITIAWAN
Chief Manager. FASELI PLAC
52
JAN.-MARCH
11-9/16
CLOSED
Anaconda Copper
292
N. American Aviation
251
Branches:
JON 3/4
APRIL-JUNE
-11-9/16
Atchison, T. & 8. Fe.
231
North American Co.
923
49
On demand
A. 140 1/2
March
May
11
July
Shanghai Dollars
July (New contract) October
December (
Spot
March
May
July
September
CHICAGO WHEAT
May
Sterling Notes:----
Bank Buying Rate ... 1/4 Bar Silver per oz.......... 92 1/2
Market Report
FROM ROZA BROS.
Dec. 30, 1939.
Silver prices dropped 3/16 yes- terday for both deliveries, the quotations being 22.1:2 for Ready Silver and 22.11. 16 for Forward. advices reported India as having bought and speculators as having sold. The market was steady but quiet. American. Silver was quoted at 34.34 for Spot.
The London New York cross-rate was quoted at 402 New York Lon- don was quoted at 395.5/8,
Market
Qufet.
Sterling
There were sellers at 1/2.15/16 January and 12.2932 February/ March, buyers at 1/2.31/32. Cash and 12.15 16 March.
U. S. Dollars
[
Bellers at 24.5 8 Cash and 24.1/2 January, buyers at 24.11/18 Cash and 24.5/8 January,
Some business was done at 320: At the close there were sellers at 318 for Spot.
Shanghal Market Sterling opened with sellers for: Sput at 4.11 18 and towards the close sellers were quoted at 4.21/32 for Spot. U.S.S. opened with sellers for Spot at 7. 11:16 and towards the close sellers for Spot were quoted at 7.7.21/32.
Shanghai Exchange
Shanghai, Dec. 30 (Reuter).
Official T.T. Rates
NEW YORK COTTON: NEW YORK RUBBER: Market Close.
CHICAGO WHEAT: Prices are firm. Bullish influences were: Barber Asphalt Co Unfavourable Australlan and Argentine crop advices, heavy four Barnsdal Oil sales, little precipitation and the strength of the cash markets. The 3endix Aviation weekly weather review indicates cold weather with no rains over the Bethlehem Steel "week-end which inspired enoligh buying to set off hedging and realiz-31133 & Co.
ing.
CHICAGO CURN: Good exports, the cold weather in the West and small country offerings are all helpful factors. Larger livestock herds will also increase current farm consumption.
NEW YORK STOCKS: 150.34; Change, up 35.
NEW YORK COMMODITY
(By Courtesy of Messrs, Swan, Culbertson & Fritz and
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York, Hides, Mar. NEW YORK COTTON
January
Volume (In contract of
100 bales each)
NOTE: January cotton, last notice day:-17-1-1940. NEW YORK RUBBER
Northern Pacife ...
Auroy [pob
Market Closed.
Auburn Motors.....
81
51
Owens-Illino's Glass. Co.
Bangkok Johore
·Baltimore & Ohio
61.
Batavia
Kobe
141
Pacific Gas & Mec.
331
Bombay Kowloon
Penang Rangoon Saigon San
121
Pacifc Lighting
482
Calcutta
Kuala
Francisco
31
Packard Motors,
31
Canton
11
Lumpur Shanghai
801
Paramount Pictures
71
Chefoo
London
Singapore
Colombo
14
Pennsylvania R.R.
238
Lyons
Sourabaya
Dairen
Malacen
Sungei
:
Boeing Airplane Co. Borg-Warner
217
Phelps-Dodge
401
Foochow
Manila
251
Phillipa Petroleum
411
31ggs M'facturing Brooklyn-M'battan · Trans. Brooklyn-Manhattan $8
22+
Pittsburg Coke & Iron
8 *
141
Public Service of NJ.
402
494
Pullman, Inc.
307
Previous close, 149.99; Today's close. Canadian, Pacific Rway.
42
Pure Ofl
Iloilo
81
Peiping
||
73
Case J. I..... Celanese
Radio Coron of Am.
51
291
Reading Company. Com:
18
Chesapeake & Ohlo
4141
Reading Company, lat pid
25
891
Chrysler Corpo
Remington Arms Co., Inc.
MARKET
Climax-Molybdenum Co.
391
| Republic Aviation Corp. ...
6
Colts Patent Fire-Arml
82...
Republic Steel
Columbia Gas & El.
6-3/
Revere Cop. & Brass Inc.
141*
"S. E. Levy & Company)
Columbia. 6% "A" pí. ....
87+
Reynald Tobat. “8′′
393
Prev. To-day's
Commercial Credit Co.
471
Richfeld O
77
High
Low
Close Close Change
Com. & Southern (ord)
14
Safeway Storea
461
11.00
18.94
closed
closed
Consolidated Edison
30
Schenley Distillers
117
Consolidated Oil
71
Schenley Distillers $5 pfd.
1044
1027
1031
.
.587
581
104 581 587
up Continental Can
42
Sears Roebuck
851
up Continental Oll
234
Shell Union Of
ד
Close
Opening
15.35 Closing..
closed
Copperweld Steel
161
Socony-Vacuum Of
121
Com Products
643
Scuthern Carifle
14)
Change
Curtiss Wright (C)
101
Southern Rly $5 pfd.
343
2:0
11.07/07
Curtiss Wright “A”
Sperr
45
11.00/00
231
Deere & Co.
Spicer. Manufacturing Co.
33 →
10.61/61
Distillers Corpn. Seagrams
18
Standard Brands
&
10.27/29
Douglas Aircraft
824
stand Gas & Eve
21
10.54/54
CLOSED
182
Du Pont de Nemours ........
Standard OU of California
247
.74/74
Eagle Picher Lead
111
Standard Ofl of N.J.
431
9.67 'N 11.30 N
Eaton Mfg. Co.
30
Stone & Webster
114
Elec. Autolite
374
Studebaker Com,
Di
Elec. Bond & Share
71
Swift International
32
lec. Bond & Share $5 pi.
Technicolor
1
127
Elec, Bond & Share $8 pt.
882
Texas Corpri
44).
Mec. Power & Light $7 pí. Fintrote
"315
rexen Gulf Sulphur
321
191
Trans-America Co.
6
18.94/94
Reserve and Undivided
18.75 B
CLOSED
Gen. American Tranı.
562
20th Cent. FoxI. ........
| 13
Profita,
5,598,600.00
2,883,032,01
Gen. Electric
403
20th Cent. Fox 11 pt.
18.50/50
18.43/43
Gen. Motora
541
Union Carbide & Carbon
881
Gén, Railway Signal
181
Union Paciis
941
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Gan, Tire & Rubber
217
United Aircraft
461
1034/1032 1031/1037
London
0/4-1/4
July
New York
6-7/8
September
1001/1001 1002/1003
991/991
104/104 1014/1011 1001/1001
#updden Co. ....
17
United Airlizez Trans.
16.
Up Goodrich (B.F) tup Goodrich 55 pí
191
United Corpn.
21
United Corpn. $3 cum pt.
39
Japan
29-1/4
Friday's sales:-23,641,000 bushels.
India
Paris
· Hongkong
23-1/2 3.11 28-1/4
CHICAGO CORN
Goodyear Tire & Co. Great Northern Iron Ore ... Great Northern Ris, pfd.
23
United Gas Corpn. ......................
* 14
171
United
Gas Improvement 14)
261.
0.8. Industrual Alcohol.
231
May
July
584/581 581/58 59/59
582/581
i up
T
591/591
Sellers
Great Western Bugar UP Greyhound Corpa.....
277
US. Rubber
401
161
0.8. Rubber $8 pið.
112
Opening
Closing
September
594/501
594/591
Spot
0/4-11/16 0/4-23/32
WINNIPEG WHEAT
Dec.
0/4-11/16
December
843/843
deleted
"Hercules Powder Co.
Homestake Mining Intanational Harvester
B9
J.S. Steel
601"
584
Janadium
331
61
Walworth Co.
57
AALOS Bazaria Bombe
Calostia
Jan.
0/4-37/64 0/4-39/64
May
US Dollars
July
881/981 883/882 892/891
887/881
up Int. Nickel ...
36$
Ver Bros. Pict.........
30*
Halphong
cisco
1891/891
up
Spot
$7-11/12 $7-21/32
Tel. & Tel Juhns-Manville
AVINGAVE IN
44
Westinghouse. Elec.
1161
Budtun
721
NEW YORK HIDES
Woodward Iron Cor.
23
kcnolain babe
New Turk Ocakt Paris
Ветраль
Shangha
Dec.
7-11/16
Jan.
7-15/32
7-9/16
March
15.53/37
Closed
1 & Laughlin. Steel $7 pfd. 05 Kennecott Copper
Chase National Bank
374
National City Bank
June
New York, Official
15.60b/65a 34-3/4
W
bid.
Patani
Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin
New York Tsingtao
Yokohama
LUMTUE
NEW YOXE PRIPING
(Peking)
SOU RABATA TAIPING
TIENTSIN TONGEAR
(-Bhuket)
TSINGTAO
ТОКОНАМА
FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSIT 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 CURRENT ACCOUNTs opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS 05 Application. received for one year or shorter The Bank's Head Office in London periods in Local and other Cur- undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Atan up to date SAFE DEPOSIT terms which may be ascertained at RuXES. in various sizes To Lat
any of the Agencies and Branches. Hong Kong, 25th September, 1939.
R. A. CAMIDGE,
Manager.
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 HexaXONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 3th Feb., 1830.
BANK OF EAST ASIA,
LIMITED
Authorised Capital.....$10,000,000.00 Paid-Up Capital
Board of Directors:
Sir Shodson Chow, Chairman
Li Koon Chu, E. Li Leo Sang, Eng.. P. K. Kwok. Baq. Wang Chu Son, Esq. Wong Tun Tong, Esq. Kan Ying Po, Bag Chan Ching Shot, Esq, Fung Plug Wah Bag
Kan Tong Po, Esq., Chief Manager. Li Tas Fong, Eng., Manager.
Branches and Agencies :---
Karkon
Landsu
Proase Bingapore Tangoon Bourabaya Balton" BwELOW
Keleurne Bun Franta
Bagaasica
Priplug
Vancouver
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE: -
18, PINE STREST,
NEW YORK. An 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 YORK, with Besources of over E.§. $2,900,000,000,
D. M. BIGGAR,
Second Vice Pres
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 Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Hranch;
'4; QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN
KINGCHOW...
CANTON SWATOW
Every description of Banking and Exchange business transacted. Loans. granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits, re SHIUCHOW ceived for one year or shorter periods in Local and Foreign Cur and other Public Funds of the rencies on terms which will be Chinese Government both at Home
and Abrad.
quoted on application.
We also handle the issue of Bonds
KUALA
CANTON CAWNPORS
CEBU
COLOMBO
KUCKING MADEAS MANILA
DKLM?
MEDAN
BAIPHONG
HAMBURG HANKOW
Market: Qulet.
Merchant Rates
Sterling. 0/4-21/32."
US Dollars, $7-5/8. `-
Silver Duty Rate
The Central Bank of China's
rate
London at 10
a.m.
today was 1/2-1/2d.. unchanged | from yesterday.
"
The Equalisation rate was 20 Der cent
New York Exchange
dr
New York, Dec. 30 (Reuter).
17 T.T, on London (Opening Rate). 2.95-3/4...
Calrutta Exchange
4.
Calcutta, Dec. 30 (Reuter). TT. on Japan, 80-3/8,
SILVER MARKET
ROMBAY SILVER. "Bombay, Dec., 30 (Reuter).. Market-Steady. Ontake 100 bars
Indian Mint Silver
Ready .....
Jan. 6 Settlement
Feb. 3 Settlement
NY-London Cross Rate 3.95-5/8
unquoted
3,95-7/8.
LONDON STOCK EXCHANGE ·
(REUTER'S BERVICE)
London, Dec. 29.
The following quotations are the middle prices at the close of the market in Londen. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.
1039
-cz, div. DOW JONES AVERAGE
High Low Dow Jones Avelagen. 156.92 122.41 30 Industriala
Dec. 29, 149.99
14
35,90 24.1420 Rail *27.70 2070 20: Dailies 39.29 84.51 40 Bonds 65.67 45.59 11 Commodity Index
318
25.32
Dec. 31, 1939. High Low Close 150.78 149.87 150.34 38.01 31.70 31.83 25.63 95,33 26.59
Ch4520 .35 up
.02 up
.26 up
80 81 63.03
00.04
.23 up
Business Done --660,000, sháres
Tientsin-Fuków Rly. 5%
(German 8tpd.) Hentain-Pakow Rly. 5%
(Brit. Stpd. Supi Loan) 14 Mentsin-Pukow Rly. 5%
(Ger. Stpd Supl. Loan) 14 Jap. 5% Ster. Loan, 1907 50-1/2 Jap. 8% Ster. Loan, 1924 57 Ger. 7% Intl. Loan, 1924 5-3/4 Chartered Bank
Guinness (A) Son & Co. 81/10 Hawker Siddeley Atro.... 1477 Bristol Aeroplane. 12/10)
Imperial Chemical Ind. 30/6
mperial Tobacco
SATE DEPOSIT Borts To Ler.
KAN TONG PO.
Chief Manager.
SHOU J. CHEN,
Xanager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA ·
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
ป
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengera and cargo are landed.
For farther particulars
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL - GENERAL MANAGERS
&
War Loan, 31% [Red
after 1952)
93-7/16 Canton-Kloon Rly. 5% 17 Chinesa 44% Gold Loan,
118/9
K.K. & S'ha Bank- (Lôn. --
Reg.)
81-1/2
Marks &'Spicer "A" ord. 62/-, Rolls Royce
91/3
1898 (Brit. Jasuje)........... 56 Chinese 5% Gold Bonds,
1925-47
HK, & 8bal Bank (Col
Reg.)
Leyland Motors
87/9.
84
Tate & Lyle
57
TO-
4R
Chinese Eng. & Mining
(bearer)
Turner & Newall
65/71
171
United Steel
21.1-
80-14"
Chin. 44% Anglo-French
Loan, 1908 Chinese 5% Cṛlap Loan,
1912 ......
Chosen Corporation'......
6/8
Smethwick: Drop Forg...
13/8
45
Pekin Byndicate
1/8
Armstrong Stevens, ord.
that Elec. Constr. Co.
13
Pressed Steel, com.
14
25
60-14
Chinese 6% Reorg, Loan,
61-06
1918 (LA, Kn.)
Chinese '8% Bter. Notes,
LONDON METALS
EXCHANGE
London, Dec. 29 (Reuter).
TIN
1925 (Vickers)
13
Chin. Imperial Rly. 5%
Loan Konan Rly. 5%
55
Hukuang' Rly. 6%, 1911...
onyers
sellers 2
Hukuang Rly. 6%. 1011
(Cerman Jssue)
18
Standard, Casi, 247-3/4 248 Standard,
3 months 247-3/4 248
Standard,
Bet'ment Price 347-3/4
........ 273 nominal
Straits
5% 1913
Lang Tsing & D. Hai Rly.
S'hal-N'king Rly. 6.
Tientsin-Pukow Rly, 5%
(Brit. Stpd.)
18
20
ཧྥུཤྩ#3g སྐུ ཙཤྩ ཝཱ
thai Waterworks “A”.....
12
Vickera, ord.
10/71
Union Insurance
234
Woolworths
61/9
351
Gula Kalumpong Rubber 22/6
Anglo-Dutch
27/3
Allied Ironfounders
14/6
Asso. & Elec. Industries 38/14....
Austin Motors, ord.
18/9
15
Cable & Wireless, New
Form, ord.
584
Rub. Plant. Invest. Trust / 34/14 Jurma Corporation
11/6 Commonwealth Mining.. Marsman Investments... 14/8 Randfontein Estates
20/101
17
B-A, Tob. (bearer)
... 06/3
Western Holdings
11-
Mercantile Bank
Cammell Laird, ord.
Mexican Eagle
Courtaulds
Distillers
11 7/41 6/7) 38/ 66/3/
Sub-Nigel ...
193/0
Tanami Gold Mining................. 3d
Anglo-Iranian
59/44
Burmah
62/6
Shell Trans. & Trad
Dunlop Rubber
30/3
(bearer)
80
14
Gen. Electric (England)~~74/7)
*Nominal