On New York:
........... 45. 1/8
On Paris:-
SPOT
APRIL-JUNE
JULY-SEPT.
Telegraphic Transfer.
and demand
Bank Billa, on demand 24 1/4 Credits. 60 days' sight 24 7/8
On Batavia :-----
On demand".
Bank Ellis, on demand 1786 Credits 4 months' aight 1140
On Saigon ---
SPOT 'APRIL-JUNE
JULY-SEPT.
The market was steady but quiet, LONDON RUBBER
Previous' close Today's close
Buyers
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 1945 *
On London:
Telegraphic Transfer. 2 13/16) Bank Bills, on demand/9 13/16: Credits 4 months" aight 1,3 5,33
On Shanghai:--
On demand
On Singapore:---
On demand
On Japan:-
On demand
On India:-
285
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY
MARKET REVIEW (FROM PAYNE & CO.) .
39 1/2
.... 102 3/4
SINGAPORE RUBBER
82 1/8
New York, Jan. 8, 1940.
Previous January 6. Closing Opening Closing Change Buyers
NEW YORK STOCK EXCHANGE
QUOTATION
STOCKS
Last Sale
JANUARY 7, 1940 STOCKS
Last Bala
Jan. 6
Jan. 6
Adams Express
BI
Lakey Foundry & Mac.
#
Sterling...............
Alleghang Steel Co. sing.
21
Libbey-Owens-Ford
Glass
524
Reserve Liability of
Allied Stores
Lockheed Aircraft
301
Proprietors
$90,000,000
Allia Coaimers ...
394
Loew's Inc.
351
Aluminium Lid
99*
Mack Truck Ine
Head Office:-HONG KONG
271
Amer.. Can
site.
1141
Martin, Glen I.
391
American Cyanamid B Amer, & Foreign Power Ameri & Foreign $7 pt.... American Gas & Elec
33+
McKesson & Robbins, pid
21-
| Monsanto Chemical
1081
28
Montgomery Ward
514
39)
National Aviation
13
Amer. Locomotive
214
Wat. Dairy Products
17
Amer. Metals Co......
244
Nat: Distillers
Amer. Radiator ....
10
National Gypsum
38 cts.
38 cts.
39 cts,
unch.
37 cts. 38-1/8
37 cts.
37-1/8
38-1/8
36-1/8
up 1/3 unch.
Amer. Rolling Mil
17*
National Lead
Amer. 9'ting and Ring Co
511
Nat. Power & Light
81
Amer, Sugar Refining
20
National Steel Corp.
721
J
Amer. Tel & Tel·
1721,
tfat. Supply Cureň
91
Amer. Tobacco "B"
82
New York Centrál,.
18
buyer
11-1/18
11-5/8
11-1/2
buyer
CLOSED
Change Amer. Waterworks
124
Anaconda Copper
297
Niagara Hudson Power N. American Aviation
&
·251
Atchison, T. & S. Fe.
24.
MONDAY, JANUARY 8, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital.. $30,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1889: Reserve Funds:
·Paid-Up Capital £6,500,000 Reserve Fund...
£3,000,000 ...£3,000,000
$3,000,00
H.K. Currency Reserve $10,000,000 Reserva Liability of Pro-
Board of Directoras Hon. Ma. A. L. Shields,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman,
J. E. Bousfeld, Esq., ". A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
I. S. Morrison. Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
prietors!
HEAD OFFICE: LONDON:
38, Bishopsgate E.C
San-Agencies In London: 117/12, Leadenhall Street, E.0.1 West End Branch:
14/16, Cockspur Street, B.W.1. Manchester Branch: 59, Mosley Street, Manchester, 1.
AGENCIES AND BRANCHES:
ALOR 'STAR HARBIN AMRITSAR
HONG KONG BANGKOK BATAVIA
BOMBAY CALCUTTA
. ILOILD"
IPOR KARACHI KLANG
AGENCIES: KON CAVE SINGIT KUALA Baina PLATE
QUITTON
PENANG RANGOUN BAIGON
TAIPING"
BREMBAN
SHANGHAL
SINGAPORE
SITIAWAN
BOURABAYA
LUMPUR
North American Co.
23
On demand
108.1/4
Do Manila: -
On demand
49 1/2
On Bangkok -
On demand
160 1/4
Sterling Notes:~~~
Bank Buying Rate... 1/4
Bar Silver per oz.
91 0/16
The market was quiet but steady.
NEW YORK, COTTON: Improved demand for goods brought more spinner buying. Trade interest absorbed a major part of today's selling which was small in proportion. Late buying appear- in January position. ed, stimulated by the apparent tightness Washington reports indicate that about 1.000.000 bales have so far been repossessed.
Shanghai Exchange
Shanghal. Jan. 6 (Reuter).
Offcial T.T. Rates
Landon
New York
0/4-1/2 7-3/8
Japan
31-1/4
India
Parls
Hongkong
27-7/8 3.30 30-1/8
Sellers
Spot
Jan.
Feb.
U.S. Dollars
Spot
$8-1/2
Ján.
8-1/16
Feb.
May
rate on London at
10 a.m.
July
July (new contract)
Der cent.
December
Spot
Calcutta Exchange.
T.T. on Japan, 80-5/8.
Calcutta, Jan. 8 TReuter).
NEW YORK RUBBER
March
May
July
September
December
Closing Opening 0/4-31/32 0/4-25/32 0/4-15716 0/4-3/4 0/4-7/8 0/4-11/16
57-13/16
7-3/4 7-15/16 -7-5/8
Market:--Inclined to be easy.
Merchant Lates
Sterling, 0/4-13/16.
US Dollars, 7-13/18.
Silver Duty Rate
The Central Bank of China's
today was 1/2-1/2d.
NEW YORK STOCKS: Previous close, 151.54; Today's close, Chesapeake & Ohio 151.19; Change, on 35.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and
S. E. Lerr Company)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York. Hides, Mar. NEW YORK COTTON' January
March
The Equalisation rate was 13-3/4 October
New York Exchange
New York, Jan, & (Reuter).
TT, on London Opening Rate).
3.93-3/8 to 3.93-3/4.
Close 11.04 N 10.96/11.00
Chrysler Corpn
High Low 11.20 10.96 10.96. 11.11 .15 up Copperweld Steel
19.01 19.01 19.00 19.000
Auburn Motors ........... Baltimore & Ohio Barber Asphalt Ce Barnsdall Qli Bendix Aviation Bethlehem Steel Bliss & Co. Boeing Airplane Co...... Borg-Warner CHICAGO WHEAT: Reports of heavy snow-fall in the North-Biggs M'facturing West discouraged new buyers and there was moderate precipitation Brooklyn-M'hattan Trans.
Brooklyn-Manhattan $8 In the South-West, but much more is needed.
NEW YORK HIDES: The market was apparently technically Canadian Pacific R'way.... firmer at the decline. Reports from St. Louis indicate favourable Case J. I. .......
Celanese conditions in the Shoe Trade.
24
Northern Pacide
Branches:
9
Owens-nots Glass Co.
64)
Amoy
Ipoh
15
Pacific Gas & Elec
33%
Bangkok Jabore
131
Pacific Lighting
50
Batavia Kobe
Penang Rangoon Saigon
CAWNPOBE CEBU COLOMBO
DELI
KUCHING
TIENTSİN
t
'MADRAS
'TONGKAR
MANILA
(Bhuket)
MRDAN
TRINGTAO
HAIPHONO
NEW YORK
YOKOHAMA
297
Packard Motors
31
80+
Paramount Pictures
71
15
Pennsylvania R.R.
231
243
Phelps-Dodge
38
243
Phillips Petroleum
22
Pittsburg Coke & Iron
B
15
Public Service of N.J.
414
53
Pullman ImG.
31.
དྷ་
Pure On
91
73
Radio Corpn. of Am.
53
291
Reading Company, Com:
161
42"
Reading Company, lšt pid
881
Remington Arms Co., Inc.
41.
Climax-Molybdenum Co. Colts Patent Fire-Armas Columbia Gas & EL Columbia 8% VA” pr.
37
Republic Aviation Corp. ...
6
82*
Republic Steel
221
7
Revere Cop, & Brass Inc.
14.
891*
Reynold Tobac. “$“
404
Prev. To-day's
Close Close Change
Commercial Credit Co. Com. & Southern (ord) Consolidated Edison Consolidated Oll Continental Can Continental Oil
473
Richfeld On
ནཱ*
Safeway Stores
47
315
Schenley Distillers ...........................
131
7:
Sears Roebuck .....
361
434
Shell Union Oll
12
241
Sacony-Vacuum OD
121
16.
Southern Pacific
15
1041 1031
103103
591 587 15.07 14.86 Opening 11.07 A
591 591
unch. 1.off off 15.01 15.02b 01 up
Corn Products
641
outhern Rly $5 pfd.
333
Curtiss Wright (C) Curtiss Wright "A"- Deere & Co.
101
Sperry
MAYNOLAN 14
447
291
Spicer Manufacturing Co.
334
221
Standard Branda......
81.
Closing
Change Distillers Corph Seagrams 194
Stand Gas & Elec.
2}
11.22 N
.18 up Douglas Aircraft
BOL
Standard Oil of California
25*
10.97/96
11.11/20
15 up nu Pont de Nemours .....................
1832
Standard Oil of NJ.
46
10.70/73
10.70/70
10.81/84
11 up Eagle Picher Lead
114
Stone & Webster ........
113
10.34/37
10.36/36
10.48/50
.14 up Eaton. Mfg: “Gö
301
Studebaker Com.
93
10.60/60
10.59/59
10.59/59
11 up Elec. Autolite
371
Swift International
314
9.95/97
0.95/95
10,00/04
05 up Elec. Bond & Share
B
Technicolor
151
9.90/90
9.90/90
9.96 N
.05. up Elee. Bond & Share 35 p.
613*
Texas Corpn.
461
11.29 N
11.40 N
17 up lec. Bond & Share $6 pt.
691
Texes Gulf Sulphur
341
19.00/00
18.75/75
18.48/48
-18.26/26
Volume (in contract of 100 bales each) 112,000 bales NOTE: January cotton, last notice day: 17.140.
19.00b/05a 18.72 B 18.43/43 18.20b/25a
Elec. Power & Light 37 pt.
Flotrote
35
Trans-America Co. a..
64
201
20th Cent. Fox.
127
Gen. American Trans.
581*
20th Cent, Fox. $1† pr.
„241*
رکھی
Gen. Electric
401
Union Carbide & Carbon
B7
19.00b/10a
uzch.
Gen. Motors...
541
Uniori Pacifc ......
93
18.72/72
03 offen. Railway Signal
18
United Aircraft
481
18,52/52
.05 off
Gen, Tire & Rubber
291
United Airlines Trans.
157
06 off sudden Co
181
United Corpn.
21
18.21 N
18.20 N
.01 off Goodrich (BF)
194
United Corpn. $3 cum pl. 391-
Total sales for the day:-260 tons.
CHICAGO WHEAT
Goodrich, $5 pl
85.
United Gas Corpn.
2
Goodyear Tire & Co.
24
United Gas Improvement
141
nominal.
India Ruper Paper
Bombay, Jan, 6 (Router).
Government 31 Rupee. 88-0-0
LONDON METALS
EXCHANGE
May.
July
September
104/1037 1031/1031
1031/103
1 off Great Northern Iron Ore ...
18
US.. Industrual Alcohol
25+
1017/1012
1014/1014
1013/1011
off Great Northern Rly. pid
28+
UB. Rubber
*381
....: 101/2011
1008/1008
off Great Western Bugar
27}
Friday's sales:--24.975,000 bushels. CHICAGO CORN
Greyhound Corpo.
171
US. Rubber $8 pið.
112
US Steel
65% ·
Hercules Powder Co.
90
Vanadium
321
May
592/591
591/59
591/591
off Homestake Mining ...
60
Walworth Co.
6*
July
597/591
September
601/601
592/591 604/60
1 off International Harvester
unch. Int. Nickel
501
Warner Bros. Pict.
31
384
Westinghouse Hec.“
1141
Int. Tel & Tel ......
42..
17
Woodward Iron Cor.
24
WINNIPEG WHEAT
867 E
863/861
London, Jan. 5 (Reuter).
May
877 A
אויר
July
NEW YORK HIDES
Duyers
£
sellers £
March
15.01/03
15.27/28
June
New York, Official
34-3/4
861/861 071/871
15.01/14.03 15.02b/06a 15.21b/25 15.28/26
unquoted
.:
off Johns-Manville
74
off J. & Laughlin Steel $7 pfd. 83-
Kennecott Copper
Chase National Bank National City Bank.
363
29
371
01 up
.01 .off
•-bid.
tex. div.
DOW JONES AVERAGE
Lyons Sourabaya
Dankow Mukden Tokyo flarbin New York Tsingtao Hoile
Yokohama
PEIPING
HANKQW (Peking)
Lak
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accomms opened and FIXED DEPOSIT received for One Year or shorter periods is Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with
ÜÜRRENT ACCOUNTS opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application.
The Bank's Head Office in London. received for one year of "shorter periods, in Local and other Gur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
British Income Tax overpaid, on
Also up to date SAT DEPOSIT tarms which may be ascertained at Boxes in various sizes To Lar
any of the Agencies and Branchen. Hong Kong, 25th September, 1939.
R. A. CAMIDGE, -
•Manager.
HONGKONG SAVINGS
BANK
The Busincas 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, 35th Feb.. 1839.
Reservo and Undivided
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
"
Board of Directors:
Sir Bhouson Chow, Chairman
Li Kona Chan, Esq. Li Lau Sang, Esq. 2. K. Kwok. Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying Po, Kag. Chan Ching Shaz, Esq. Fung Ping Wah Enq
Kan Tong Po, Esq., Chief Manage. L: Tue Fong, Esq., Manager,
Bombay Calostia
Branches and Agencies :-
Prang Singapor Keioan Loudas Fangoon Soumbays Manlia Saigon Swalow Malbourne San Fran. Bydney Ngaka alace Tantain
New York Beattie
Paris
Pelping
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK." An American Bank offering com- plete Foreign Barking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by BANK, THE CHARE NATIONAL New York, with Resources of OTER 1.8.$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 FAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branchen in China, and connections in the. princips! 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 Offices:
CANTON
KONGMOON TUISHAN
KINGCHOW
Every description of Banking and Exchange business transacted. Lanos] granted on approved securities.
Current Accounts opened in Local SWATOW Currency and Fixed Deposita re8HIUCHOW ceived for one year or shorter
We also handle the issue of Bonds periods in Local and Foreign Our and other Public Funds of the terms which will Chinese Government both at Home
מס
1939
High Low Dow Jone Averagés,
156.92 121.4130 Industriala
Jan. 5, 151.54
Jan. 7, 1940. High Low Close 151.49 150 71 151.19
Channe
35 of
35 90 24.14:20 Baile
32 20
32.31 321532.21
sup
27.70 20.10.20 Utilices
28.07
26 31 28.04 26.25
18 пр
rencies
14
39.22 84.31 40 Bonds
9439
$0.42
13 up
quoted on application.
and Abroad.
65.67 46.49 11 Commodity Index 63.07
$9.98
09 of
Business Done 340,000 shares.
།
KAN TONG PO,
Chief Manager
BHOU J. CHEN,
Monager.
SAFE DEPOSIT Boxes To I
J
2
い
Bombay
Kowloon San
HAMBURG
Calcutta
Kuala
Francisco
Canton
Lumpur, Shanghai
Chefoo
London Singapore
Colombe
Dairen
Malacca
Sungei
Foochow Manila
Haiphong Muar
Patani Swatow
Hamburg (Johore). Tientsin
Peiping
S
BANK OF EAST ASIA,
LIMITED
Authorised Capital......$10,000,000.00
Faid-Up Capital
5,483,600.00
}
Profits
2,883,932.01
Aras Hataria
Haiphong
Esator
Homalala Kobe
Semarang
Shangx
60-03
60-07
60-03
¡Red Loan, 31 after 1952) Canton-Kloon Rly. 5% hinese 41% Gold Loan
1898 (Brit. Issue)......
inese 5% Gold Bonds, 1925-47"
Chin. 4% Anglo-French
Loan, 1908
ese. 5% Crisp Loan. 1912
Standard, Cash 245-1/4 245-34
Standard.
3 months 244-1/2 244-3/4 Standard,
Set'ment Price 245-1/2 Straits....... 270-1/2
A
SILVER MARKET
BOMBAY SILVER Bombay, Jan. 6 (Reuter). Market Quiet. Offlake 100 bars,
Indian Mint Silver
Ready Jan. 6 Settlement Feb. 3 Settlement
MANUFACTURERS' CONCERN OVER FUTURE TRADE
At a meeting of the Hongkong Manufacturers' Union, held at the Chinese Merchants Club on Satur-
NY-London Cross Rate 3.93-5/8
LONDON STOCK EXCHANGE
Tientsin-Pukow Rly. 6% (German Stpd.) .......... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl Loan) 14 Tientsin-Pukow Rly. 5%
(Ger. Stps 8 pl Loan) 14 lap. 5% Ster. Loar 1907 an responsibility is assumed for Jap. 6% Ster. Loan, 1924 69
Ger. 7% Intl Loan, 1924 errors in transmission,
(REUTER'S SERVICE) -
London, Jan. 5, 1940. The following quotations are the middle prices at the close of the market in London. All quotations ire subject to confirmation and
53
Hawker Siddeley Airc.... 14/4)
6
Bristol Aeroplane
13/9 Imperial Chemical Ind. 30
E
Chartered Bank
Imperial Tobacco
118/11
HK & 8'hal Bank dan.
951
Reg.).......
84+
Marks & Sp'cer, “A” ord. 52/6
17
H.K. & Bhai Bank (Cel.
Rolls Royce
90
Reg.)
861
Leyland Motors ......
87/11
58
Chinese Eng. & Mining
Tate & Lyle.....
56/9
(bearer)
17
Turner & Newall
83/8
TO
48
Chosen Corporation
8/0
United Steel ba
22/3
Pekin Syndicate.
1/8
Smethwick Drop Forg...
13/6
45
Xhai Elec. Constr "Co.
13
Armstrong Stevens, ord 6
3hal Water ræki "£"
12
25-1/2
Hongkong must be ruled outsids
day, to discuss the situation arises 5% Reorg. Loan, ing from the official decree that 1913 (Lan. Is.):
37
Union Insurance Gula Kalumpong Rubber 22/6": Allled Ironfounders
234
Pressed Steel, com Vickers, otá.
14/6·
nese 8% Яter. Notes,
Asso. & Elec. Industries 38/3
the sterling Bloc, and therefore, subject to severe trade restuletions
1025 (Vickers)
13
Austin Motors, ord.
16/14
..t Imperial Rly. 5%
Cable & Wireless, New
in the rest of the Empire, It was ・ Loan
..
55
Form, ordin
56-3/4
decided to make representations Tonan Rly, 5%.... through official channels by send- Hakuang Rly. 5%, 1911... 17
Hukuang Rly. 5%, 1911
(German Iscue) Lung Tsing & U. Hai Rly.
5% 1913................ shai-N'king Rly. 5%....
ing two delegates to Singapore.
The Chairman M, Ip Lan-chuen, pointed out that the disastrous effect of the new regulation would not only involve loss of trade but also affect the livelihood of Tien tain-Pukow Bly. 5% several thousand workers
(Brit. Btpd.).
15
9.-A. Tob. (bearer1
95/74
Mercantile Bank
11
Western Holdings
Cammell Laird, ord,
8/3
Sub-Nigel
16
Mexican Eagle
7
Tanaml Gold- Mining.
Courtaulds
37
Anglo-Iranian'
Distillers
20"
Dunlop Rubber .....
Gen Electric (England) Guinness (A) Bon & Co
29/9
67/2 shell
Burmah
7419 82
Shen Trans, & Trad.
(bearer) Zaria
Nomina
Woolworths
Anglo-Dutch
Rub, Flant. Invest. Trust 34/6 Burma Corporation ...... Commonwealth Mining. Maraman Investments... 15: Randfontein Estates
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN✨..,
KOBE and OBAKA
SINGAPORE PENANG "and CALCUTTA
SANDAKAN
HAIPHONG
All steamers borth alongside. the Roosevelt Terminal in the French Concession at Shangbai, where passengers · and cargo are landed.
For further particulars
please apply to
ARDINE MATHESON&Co.,LTD. TELEPHONE SOJIL GENERAL MANAGERS