£
War" Loan, 34% Red
after 1952) Canton-K'loon Rly. 5% Chinese 44% Gold Loan 1898 (Brit. Issue)...... Chinese 5% Gold Bonds,
1925-47
94-11/16
17
SINGAPORE RUBBER
58
SPOT
48
APRIL-JUNE
Chin. 41% Anglo-French
JULY-SEPT
38-1/2 35-5/8
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, January" 4.
The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and
no responsibility is assumed for errors in transmission.
ri
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
· (FROM PAYNE & CO.)
New York, Jan. 4, 1940.
་
January 4
NEW YORK STOCK EXCHANGE QUOTATION
Previous Closing Opening Closing Change Amer. Metals Co. ................ w Buyers Buyers
Amer. Radiator ..... 37-5/8 37-5/8 38 cta. up 3/8 Amer. Rolling Mi
36-1/2
37 eta.. 35-5/8 36-1/8
ទូ
24+
January 5, 1948
·STOCKS
fast Sale
STOCK'S
Last Sale
Jan, 1
Jan. 4
Adams ExprTOM
84
Kannecott Copper
381
Sterlinge
Alleghany Steel Co. ........
221
Isker Foundry & Mac.
1+
Allied Stores
Rubber-Owens-Ford Glass 52
A.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
SATURDAY, JANUARY 6, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. $50,000,000 |
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up B20,000,000 Incorporated by Rayal Charter, 1889 Reserve Funda:
Paid-Up Capital £8,500,000 Reserve Fund.....
.£3,000,000
£3,000,000
£3,000,00€
Allis Chalmers
41
Lockheed Aircraft
301
Proprietors
..$20,000,000 ·
HEAD OFFICE: LONDON:
Aluminium Ltd
#81
Loew's Inc.
361
Head Office:--HONG KONG
Amer. Can
114
Mack Truck Inc.
28
American Cyanamid B
931
Martin, Glen L
40+
Amer. & Foreign Power
24
McKesson, Robbins, pid, 171*
Amerià Foreign #7 p1...
26}
Monsanto Chemical
109
American Gas & Elec Amer. Locomotive
39
Montgomery Ward
5-12
32
National Aviation
13
Nat Dairy Products
I'T
104
Nat. Distillers
247
171
National Gypsum
121
up
up
1/2| Amer. S'ting and R'15g Co. 1/2] Amer, Sugar Refining
321
National Lead
203
20
Nat. Power & Light
87
G. Miskin, Esq.,
Loan, 1908
45
Chinese 5%. Crisp Lean,
1912
Chinese 5 Reorg, Loan,
1913 (Ldn. a.) Chinese 8% Ster. Notes,
37
1925 (Vickers)
Chin. Imperial Rly. 5%
Loan
Ronan Fly. 5%.
Hukuang Rly. 5%, 1011... 17
៨៦ ៨១ ន
26-1/2
The market was steady but qules. LONDON RUBBER
Amer. Tel & Tal
1711
National Steel Corp.
734
K. S. Morrison, Esq.,
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Lock, Esq...
"Chairman.
Deputy Chairman. J. K. Bousfield, Esq., A. H. Compton, Equ Hon. Mr. S. H. Dodwell, D. F. Laudale, Esq.,
38, Bishopsgate E.Ü.2»
Sub-Agencies In London: 17/19, Leadenhall Street, E.C.3. West End Branch:
14/18, Cockapur. Street, S.W,1. Manchester Branch:
52. Mosley Street, Manchester, 8.
AGENCIES AND BRANCHES:
ATOR STAR AMRITSAR MANQIOK BATAVIA
HARBIN HONG KONG ILOILO IPOH
PENANG
RANGOON BAIGON
Amer. Tobacco *B*
88
Nat Bupply Corpn.
Hon. Mr. T. E. Pearce,
93
B. V. Wilkinson, Esq.
BOMBAY
CALCUTTA
Previous close Today's close
Amer. Waterworks
121:
New York Central
181
buyer
buyer
SPOT
11-11/16
11-11/16
APRIL-JUNE
11-5/8
11-5/8
JULY-SEPT.
11-12
11-1/2
Change anaconda Copper unchange Atchison, T. & &. Fe. unchange unchange
301
Sir Vandeleur M. Grayburn,
KLANG
AGENCIES: KOBE CLAVE STERKT
SEREMBAN
КАКАОНІ
SHANGHAI
SINGAPORE
SITIAWAN
The market was dull.
Auburn Motors Baltimore & Ohlo Barber Asphalt Ca
44
55
NEW YORK COTTON: The market is again awaiting farm legis-Barnsdall Ou lation and some indication of the general Washington attitude to- Bendix Aviation wards business. Conditions today were quiet.
Bukuang Rly, 5, 1911
(German Issue}
16
Lung Tsing & U. Hai Rly.
5% 1913
18 S'hai-N'king Rly. 5% 20 Tientsin-Pukow Rly. 5%
(Brit. Stpd.)} Tientsin-Pukow Rly. 5% (German Stpd.)....... Tientsin-Puków Rly. 5%
(Brit. Btpd. Supl. Loan)
14
13
Sethlehem Steel moderate shipment! 31ss & Co. NEW YORK RUBBER: There have been
workable basis. Itis estimated that December domes- Boeing Airplane Co. ufferings at a
Borg-Warner tle consumption was from 51,000 to 53,000 tons.
Blags Mfacturing Brooklyn-M'hattan Trat.144 Brooklyn-Manhattan $8 Canadian Pacific R'way. ... Case J.L Celanese
เ
14
Tientsin-Pukow Rly..5%
gests that large foreign war orders for shoes here by the Spring.
CHICAGO WHEAT: The uncertainty over Washington develop- ments la curtailing interest, while the weakness of the
the moving market due to scarcity of cargo ships for promptly reflected here. Exports were quiet,
NEW YORK HIDES: The existing shortage of leather in Britain, together with Canada's rather limited shoe production facilities. Sug- Chesapeake & Ohio....... 414
will eventually reach
Canadian crop Was
{
(Cer. Stp Supl. Loan Jap. 5% Ster: Loan, 1907 Jap. 6% Ster. Loan, 1924 Ger. 7% Inti. Loan, 1924 "Chartered Bank
14
53-1/2
59
NEW YORK STOCKS: 152.43: Change, off .37.
Chrysler Corps Climax-Molybdenum Co Previous close. 152.80. Today's close. Colts Patent Fire-Arms ...
6
8-11/16
Columbia. Gas & El................... Columbia 6% "A" pi. ...... Commercial Credit Co...
H.KS'hal Bank (Ldn.
Reg.)
NEW YORK COMMODITY
MARKET
93-1/2
H.K. & S'hal Bank (Col.
Reg.).
85-1/2
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
Com. & Southern (ord) .. Consolidated Edison
Consolidated Onl
Continental Can
Chinese Eng. & Mining
(bearer)
"
Prev. To-day's
171
High Low
Chosen Corporatior
6/6
New York Cotton, Mar.
11.17 11.07
Continental Oli Close Close Change Copperweld Steel 11.13 11.10.03 off Com Products
Pekin Syndicate
1/6
New York Rubber, Mar.
S'ha Elec. Constr Co.
13
Chicago Wheat, May
19,02 18.99 19,00b 18.99 .01 of Curtiss Wright. (C.) 1061 1042 1061 1043
1 off Curtiss Wright "A”
S'hat Waterworks "4"...
12
Chicago Com, May
Ucian Insurance
234
Gula Kalumpong Rubber
22/6
Allied Ironfounders
14/8
New York, Hides. Mar.........
NEW YORK COTTON
Close
Asso. & Elec. Industries 38/11
January
11.22/22
Austin Motors. ord.
16/6
March
11.13/18
Cable & Wireless Newe
May
10.81/83
10.88/86
Form, ord.
56-3/4
July
10.50/50 10.52/52
601 591 59% * 593 15,49 15,25 15.38 15.29
Opening Closing
11.23b/283 11.18-N 11.15/15 11.10/10 10.79/80 10.45/45
1/8 up Deere & Co.
.09 off Distillers Corpn. Seagram:
Change Douglas Aircraft
.04 off
Du Pont de Nemours Eagle Picher Lead
.03 0
Eaton Mfg. Co.
.02
off
Elec. Autolite
.05 off
Elec. Bond & Share
B.-A. Tob. (bearer)
95/-
Mercantile Bank
118
Cammell Laird, ord,
B/4
Mexican Eagle
Courtaulds
Distillera
Dunlop Rubber
6/101 37/104 681 29/9.
July (new contract)..... 10.72/72 Oct. (new contract)..... 10.05/06, Dec. (new contract)..... 10.02/02 Spot
10.76/76
10,67 N
.05 off
Elee. Bond & Share $5 pl.
10,09/09
10.05/05
unch.
Elec. Bond & Share $6 p!
10.04/04
10.00/00
.02
off
Elec. Power & Light $7 pl.
11.43 N
11.40 N
.03 off
Filatkote
Volume (in contract of 100 bales each) 135,900. NOTE:--January cotton, last notice day:"17.1.40.
Gen. American Trans.
Gen. Electric
Gen. Electric (England) 74/73 Guinness (A) Son & Co. 82/8 Hawker Siddeley Aire... 14/4) Bristol Aeroplane Imperial Chemical Ind. 30/3
Gen. Motors
NEW YORK RUBBER
Gen. Railway Signal
March
13/6
May
19.00b/02a 18.78/78
July
Imperial Tobacco
118/11
September
1860/50
Marks & Sp'cer "A" ord
December
18.45 N
18.35 N
52/6
19.05b/10a 18.99/99 01 off Gen, Tire & Rubber 18.80/80 18.74/74 04 or Glidden Co. 18.59b/60a 18.60/59 18.57b/59a .02 of Goodrich (B.F.) 18.40b/43a .10 of Goodrich 55 pí
10 off Goodyear Tire & Co.
Rolls Royce......
917101
Total sales for the day:-470 tons.
Great Northern Iron Ore... Great Northern Rly, pid.
Leyland Motors "..
87/14
CHICAGO, WHEAT
Tate & Lyle
57/-
Turner, & Newall.
63/74
May
1061/1061 1061/106
1 off
United Steel
22/3
July
1031/1031
1037/1041
Smethwick Drop Forg.
13/6
September
103/1031
Great Western Sugar Greyhound Corpo. ... 105/1042 1022/1022 1 off Hercules Powder Co. 102/1021
11 of Homestake Mining
!..
International Harvester
Armstrong Stevens, ord
8
Wednesday's sales:-35,237,000 bushels.
Pressed Steel, com.
15/4
Int. Nickel
Vickers, ord,
18/11
CHICAGO CORN
fat. Tel. & Tel
Woolworths
62/6
Anglo-Dutch
May
591/591
593/591
ZT/-
July
592/591
Rub. Plant, Invest. Trust 34/6
September
601/601
594/591. .60/60
601/602
Johns Manville
UP & Laughlin Steel 17 pid. T
+ up
קט 4
Burma Corporation
11/9.
Commonwealth Mining..
WINNIPEG. WHEAT
Marsman Investments...
14/9
Randfontein Estates...
37/0,
May.
Western Holdings
11/11
July
891b 90 b
893/891
881/831° 891/891
1 of 11 off
1039
חי
Sub-Nigel
197/6
NEW YORK HIDES
Tanami Gold Mining...
3d
Anglo-Iranian
56/101
March
Burnab
Shell Trans.
&
Trad
(bearer)
62/6
81/3
June
New York, Official
34-3/4
NY-London Cross Rate 3.95
34-3/4 3.92-3/4
155.92 121.41 30 Indatriala
15.38/38 15.68/70
15:45/49 15.78b/80a
15.29/30, 15.56/58
.09 off
35.90 94.14 20 Baile 27.70 2070 - 20: Ubilikon
151,80
3168...
$8,45
Jan. 5, 1940. High Low Close 153.28.152.08 152.43 33.00 32,59 32.67 2655 28.29 2845
ChangÜ .37 off 01 up .10 0.
.12 off
22 84.51 40 Bonds
9081
05,67
45.59 11. Commodity Index 63.00
20.31 63.43 Business Done :-580,000 shareN -
.10 off
.47 D
•-Nominaj
LONDON': METALS
EXCHANGE
London. Jan, 4 (Reuter).
TIN
. Buyers
✩
sellers
£
Standard, Cash 244-1/2 244-3/4
Standard.
3 months 243-1/2-243-3/4 Standard,
Set'ment Price 244-1/2 Straits
269-3/4
BROKERS' LOANS
New York, Jan. 4 (Reuter). Loat on securities to brokers in
"New York ;-
Week-endea 1930 Dec. 29
Week-ended..
Week-ended 1939
1940 Dec. 28 Jan. 4 $881,000,000 $551,000,000 $538,000,000
LONDON GOLD
London, Jan. 4 '(Reuter): Bar Gold, Fine per oz. 168;
WEEKLY RETURNS AND REPORTS
Public Deposita
"BANK OF ENGLAND
Other Deposits:—
Bankers
Other Accounta Total
17,190
Westinghouse Elec. ...
Bourabaya
Milaccu Sungei
Patani
Haiphong Muar Swatow +Hamburg (Johore) Tientsin
Makden Tokyo New York Tsingtao Peiping Yokohama
LUMPUR
KUCHING MADRAS MANILA
NEW YORK
PRIPING
HANKOW (Peking)
TAIPING
* TIENTSIN
TONGKAH
\(Bhakst)
TRINGTAO TUKUHAMA
FOREIGN EXCHANGE and General Banking Businesa trausacted.
CUKRINT Accours opened and FIXED DEPOSIT received for Que Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application. received for one year or shortar The Bank's Head Ofoe in Londah periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application
ALSO up to date SATE DEPOSIT terms which may be ascertained at Box in various sizes To Lar 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 HONGKONG & SHANGHAI BANKING Corporation.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb. 1939.
BANK OF EAST » ASIA, LIMITED
Authorised Capital......$10,000,000,00 Paid-Up Capital Reserve and Undivided
5,398,600.00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shouson Chow, Chairman
Li Koon Chun, Eng Li Lan Sang, Esq. P. K. Kwok. Baş, Wong Chu Son, Buq: Wong Tan Tour, Esq. Kan Ving Po, Ray. Chan Ching-Sher, Ead, Fang Ping Wah Eng
Kan Tong Fo, Esq., Chief Manager. Li Tse Fong, Esq, Manager.
Amay
Batavia Borabay
'Branchu and Agencias :--
Siphong Henkee Honolulu Kabe
Korricom Penang Slagspore Loudar Bangoon Bourabaya Mania Baljon Bwntow Melbourne By Fran- Bydney Nagasaka alsoo Tientais New Turk Bisitlo YANPUTRY Bemarang Paris Pipin Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application:
SAFE DEPOSIT BOXES TO IT.
KAN TONG PO,
Chief Manager.
INDO-CHINA
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL.
HEAD OFFICE:
18, PINE STREET,
NEW YORK. An American Bank offering com
plete Foreign Banking Service" in the principal Markets of the world w
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by Tar CHASE NATIONAL BANK, New York, with Basources of are U.3.$2,900,000,000,
D. M. BIGGAR,
Second Fies "Prsa,
BANK OF CHINA
Specially Chartered by THE NATIONAL GÖVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 240,000,000.00 ..
(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.
41
Head Offee:-SHANGHAI Hong Kong Branch;
“4, QUEEN'S ROAD, C.
South China Offices:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handl's the issue of Bonda and other Public Funds of the Chines Government both at Home and-Abroad:
SHOU J. CHEN,.
Manager.
STEAM NAVIGATION. COMPANY LTD THE MERCANTILE BANK”
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU,"CHEFOO
and TIENTSIN
London, Jan. 4 (Reuter)
Dec. 28
£
Jan. 4.
29.720
117,330
128.840
TO-
42,030
159,360
52,890 181,330
Government Securities
151,470
153,240
Total
Discount & Advances Securities
4270
'4,560
24,620
25.060
28,890
29,620
Notes and Coins
28,840
33,700
1280
1,130
Notes in circulation
554,620
547,430
1403% 168/-
Other Securities:
Total Bullion ...
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued
FEDERAL RESERVE SYSTEM
Billa Bought
U8. Securities héld
Federal Reserve Ratio
Federal Reserve Credit Outstanding Monetary Gold Stock
Industrial Advanc
16.97%
188/-
New York, Jan. 4 (Reuter). Dec, 29 Dec. 28 Jan.
(000's
1,000
ommitted)
2,564,000 2,489,000 2,484,000 83,01% 88.82% 87,05% 2,610,000 2,568,000 2,504,000
14,508,000 17,620,000 · 17,399,000
15.683.000 11.113,000 · · 10,883,000.
KOBE and OSAKA
SINGAPORE, PENANG, and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to
_JARDINE NATHESON&Co. LTD.
TELEPHONE. 3OJIE GENERAL MANAGERS
OF INDIA, LIMITED
Head Ofeat-15. Gracechurch Street, London, ECA Authorised Dhupial
Haber bed spital
Paid-up Capital
Reserve Fund sod Evet,”
BANKERS:..
£1,800,000
£1,050,000
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Bombay Calcutia
Ipol
Katan
Koala Trenc
Madras.
New York
Penang
Deihl Galle
Bangona
Kota Bharu
Bhanghai
Hongkong
Aimle
Bowrah
Kuala Lumpur
Ringapor
Colombo
Карфу Karschl
Kaala Tipto
HONG KONG BRANCH:
Every angripilon of Banking, and Exchang besides breasted,
· Travellera Obeques Imrzed, "
TRUSTEE AND EXECUTORSHIP.
BARAT UNDERTAKEN A JURRENT ACCOUNTS opened in Lomi 'Car- rener and PIXED, DEPOSITA reosived in Local Currency, 358BLING & U, 9, DOLLARS or becam shat may be sow;stand an application.
D. BENSON.
242
Niagara Hudson Power N. American Aviation
a
Chief Manager. Fatatic Plac
KEALA
SOURABAYA
251
23
North American Co.
231
61
Northern Facific".....
91
Amoy
Branches: Ipoh
Penang
15
Owens-Hino's Glass Col
631
Bangkok Johore
13
Pacite Gas & Elec.
931
Batavia
Kobe
CANTON
DAWNPORE
COLOMBO
Rangoon DELFI Suigua
1850
MEDAN
301
Paclic Lighting
49!
Bombay
Kowloon San
I
HAIPHONG
HAMBURO
82
Packard Motors
31.
Calcutta
Kuala
Francisco
143
Paramount Pictures
77
Canton
Lumpur Shanghai
Chefoo
London
Singapore
25
Pennsylvania R.R.
241
~Colombo
Lyons
251
Phelps-Dodge
40
Dairen
221
Phillips Petroleum
41}
Foochow Manila
Pittsburg Coke & Dron
81
491
Public Service of NJ.
411
51
Pullman Inc.
32
Backow
75
Pure O
Harbin
81
Iloilo
291
Radlo Corpn. of Am. .....
31
Reading Company, Com
161
CURRENT
ACCOUNTE
90
Reading Company, 1st pfá »
251*
381
Remington Aring Co.. me.
41
82 *
Republic Aviation Corp.
231
#
Republic Steel .............
141
891
Revere Cop. & Brass Inc.
401
451
Reyrold Tobac. "B"......
81
I
Richfeld Ou
311
Safeway Stores
12
72
Schenley Distillers .....
#
431
Bears Roebuck
241
Shell Union Oll .....
16
Socony-Vacuura Ou
Southern Pacific
644
Southern Rly 35 pid.
101
Sperry
291
Spicer. Manufacturing Co.
→ 23}
Standard Brands
19)
Stand Gas & Elec.
821
Standard Oll of California
1831
Standard Dil of NJ.
12
Stone & Webster
121.
301
Studebaker Com
384
Swift International
B
Technicolor.................................................
61
Texas Corpn.
6841
Texes Gulf Sulphur ...................
33
Trans-America Co. .....
201
20th Cent, For.
57..
20th Cent. Faï $14 pl.
401
Union Carbide & Carbon.
547
Union Pacific
Profita
2,883,933.01
191
United Aircraft
231
United Airlines" Trans.
151
191
United Corpn.
20
United Corpn. $3 cum. pi.
661
United Gas Corpn.......
247
United Gas Improvement 14}
18
US, Industrual Alcohol.
274
US. Rubber
**
284
US Rubber 18 pið.
17+
U.S. Steel
891
Vanadium
501
Walworth: Co,
82
Warner Bros. Pict
38
42
Woodward Iron Cor
Chase National Bank National City Bank
bld.
t-ex, div.
DOW JONES AVERAGE
High Low Dow Jona Averages, Jan. 3,