BUILDING
On demand
*",,,༦༤,32}
PAGE 10 HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
'JANUARY 18, 1940.
On London:—
Telegraphic Transfer, 202 13/16 Bank Bills, on demand1A 13/16 | Credits 4 months' sight 1,3 6/32
On Shanghai:-
On demand
On Singapore:-
200
PAYNE & CO.
»COMMODITY BROKERS STOCK EXCHANGE
HONGKONG
COMMODITY MARKET REVIEW
1511
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
QUOTATION
IL
Laker Foundry & Mac. .......
THURSDAY, JANUARY 11, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA.
AND CHINA
STOCKS
Last Bale
JAN. 10, 1940 STOCKS
Authorised Capital................. 850,000,000
Jan. 9
Last Sale Jan. 9
Adama Expresa annenen
81
Sterling
Alleghany Steel Co.
21
| Libbey-Owens-Ford
Glass -51
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 18115 Reserve Funds:
Paid-Up Capital
..£3,000,000 £8,500,000 Reserve Fund
£3,000,000
.£3,000,00
Allied Stores
91
Lockheed Aircraft
201
Proprietors
$20,000,000
HEAD OFFICE: LONDON:
Allis Chalmers
397
Loew's Inc.
36
Aluminium Ltd
98
Mack Truck me.
271
Amer. Can
1143
Martin, Glen L
381
American Cyanamid B
331
McKesson & Robbins, pfd, 171*
Amer, & Foreign Power ......
21
Monsanto Chemical
106
Board of Directors: Hon. Mr. A. L. Shields,
On Japan:-
On demand
:03 1/4
SINGAPORE RUBBER
Previous
New York, January 9.
January 9
| Ameri. & Foreign $1 pi...
American G19 & 'Bles
27
Montgomery Ward
531
381
National Aviation
12}
W. H. Lock, Esq.
On India:---
Telegraphic Transfer.
82 1/8
and demand ........................).
SPOT
ཥུ ; ་ཐྲ ༔
On New
York:-
APRIL-JUNE
Bank Billa, on demand 24 3/8
JULY-SEPT.
Buyers 39-1/2 38-3/4 38-7/8 up 3/3 37-3/8 37-5/8 37-5/8. up 1/4 36-1/2 38-3/4 38-3/4 up 1/4
Closing Opening Closing Charge - Amer. Locomotive Buyers
21
Sat. Dairy Products
Chairman.
Deputy Chairman.
17
Amer, Metais Co.
231
Nat, Distillers
241
J. K. Bousfield, Esq.,
Amer. Radiator
101
National Gypsum ` ....
A. H. Compton, Esq.
111
Amer. Rolling Mil
183
National Lead .....
Hon. Mr. S. H. Dodwell,
201
| Amer. S'ting and R'ing Co.
'501
Fisk Rubber ....................
D. F. Landale, Esq.,
141
G. Miskin, Esq.,
Credits, 60 days' sight g5
Un Batavia:-
On Paris:-
Bank Bills, on demand 1088
Credits 4 months' sight 1140
On Balgon --
On demand
On demand........... 45 3/8
The market was quiet but steady. LONDON RUBBER
Amer, Sugar Refining
19)
Nat Power & Light
E. 8. Morrison, Esq.,
Head Office:-HONG KONG
38, Bishopsgate E.C.L
Sun-Agencies In London: 117, 128, Leadenhall Street, Eda West End Branch:
14/16, Cpekapur Street, S.W.1. Manchester Branch: 58, Mosley Street, Manchester, 9
PENANG
AGENCIES AND BRANCHES: ALOE STAK HARBIN AMRITSAR • BONG KONG
ILOILO IPOR
BANGOON SALOON
BIBIMBAN
BANGKOK
Amer. Tel. & Tel
172)
National Steel Corp,,
72
Hon. Mr. T. E. Pearce,
Previous close Today's close
Amer. Tobacco ”3′′
88+.
Nat. Supply Corpn.
BI
H. V. Wilkinson, Esq.
SPOT..in
buyer 11-11/16
buyer 11-13/16
Change
up 1/8
ין
APRIL-JUNE
18 1/4
Di Manlia;-
On demand
On Bangkok -
On demand
Sterling Notes:-
Bank Buying Rate
49 3/4
150 1/4
... 1/3 7/8
Bar Silver per ca
91-7/8
Market Report
NEW YORK
bought A small business was done, The market was steady. American Bilter was quoted 34.3/4 for Bpot,"
at
The London-New York cross-rate was quoted at 402.1/2. New York- London was quoted at 395.7/8. ·
Quiet.
Market
"Sterling
There were sellers at 1/2.29/32 January/March and 1/2.7/8 April, buyers at 1/2.15/16 Cash and 1/2.29/32 April
U. S. Dollars
| New York Cotton, Mar, New York Rubber, Mar. Chicago Wheat, May Chicago Com, May New York. Hides, Mar.
NEW YORK COTTON January
March
There were sellers at 24.9/16 | May
January and 24.7/18 February, July
buyers at 24.11/18 Cash, 245/3 July (New contract)
January and 249/16 February.
Shanghal Dollars
Close
FROM ROZA BROS.
JULY-SEPT.
The market was steadier on overnight buying by America and some Home trade enquiry.
NEW YORK COTTON; Selling was quite active including further sales which are believed to be hedging against loan repossessius. Buying by spinners was less urgent, Far Eastern and Continental interests, however, bought on setbacka.
NEW YORK RUBBER: London continued to be an aggresive buyer but some hedge-selling by dealers and expectations of ship- ments restrained the advance.
15
CHICAGO WHEAT: Lack of exports and reports of cold weather with moderate
the Bouth-West induced ·adil- are unwilling sellers at the dealine but
Faina in
Bliver prices rose 1/16 yesterday tional Hquidation. Farmers for both deliveries, the quotations the resumption of export is necessary to any sustained prices. being 22.7/8 for Ready and 21.13/
18 for Forward,
Büver advices
STOCKS: Previous close, 151.34: Today's close,
reported speculators 24 having 149.84; Change, off 1.50.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson &` Frits and 8. E. Levy & Company)
Bendix Aviation
Chrvaler Corpn.
Colts Patent Fire-Arms ... Columbia Gas & El.
11-5/8 11-9/16
11-3/4 11-5/8
up 1/8
• up 1/18
| Amer. Waterworks. Anaconda Copper Atchison, T. & S. Fe.
111
New York Central ....
171
291
Niagara Hudson Power
57
Sir Vandeleur M. Grayburn,
Chief Manager.
H
N. American Aviation
241
Branches:
BATAVIA
BOMBAY
CALOUTTA
AGENCIES: KOB CLIFE SET KUALA FAILIS PLACE
CANTON
DAWNPORK
Auburn Motors ....
21"
North American Co.
231
W
CRAT
Baltimore & Ohio
61
Northern Pacific
81
Amoy Ipoh
Barber Asphalt Co (Barnsdal! Olj
141
Owens-Пlinois Glass Co.
621
Bangkok Johore
Penang Rangoon
COLOMBO
123
Pacific Gas & Elec.
Batavia Epbe
Saigon
531
Bombay
Kowloon
San
291
Pacific Lighting
491*
Calcutta Kuala
Francisco
Bethlehem Steel
781
Packard Motors
31
Canton
Lumpur
Shanghai-
Bliss & Co..
141
Paramount Pictures
72
Chefoo
London
Singapore
Boeing Airplane Co.
233
Pennsylvanta RR
23
Colombo
Lyons
Sourabaya
Borg-Warner
241
Phelps-Dodge
"
STE
Dairen
Malacca
Sungai
Biggs M'facturing
211
Foodbow
Manila
Prilips Petroleum
401
Brooklyn-M'hattan Trans.
147
Haipnong Muar
Swatow
Pittsburg Cake & Iron
81*
Bamburg
Brooklyn-Manhattan $6
52*
Public Service of N.J.
411
Canadian Pacific R'way. . Case J. L.
51
Pullman, Inc.
311
Harbin
71
Pure Of .......
87
Iloilo
36
Celanese me
28.
Radio Corpo, of Am,
5+
Chesapeake & Ohio
41
Reading Company, Com
14
871
Reading Company, 1st pid
254*
Climax-Molybdenum Co.
161
Remington Arms Co., Inc.
41*
824
Republic Aviation Corp....
51
61
Republic Steel
231
Columbia 6% “A” pf.
90*
Revere Cop. & Brass Inc.
141*
Opening
Prev. To-day's High Low Close Close Charge 11.11 11.03 11.13 11.10 .03 off 19.55 19.45- 10.30 19.50b 20 up
1031 1011 103
1011 1 off 591 58+ 59 581 2 off 15.05 14.80 15.02N 14.80 22.03
Closing
Commercial Credit Co. Com. & Southern (ord) 'Consolidated Edison
Consolidated OU Continental Can Continental On Copperweld Steel
474
Reynold Tobac. "B"
401
11
Richfeld 011
77
311
Safeway Stores
461
71
Schenley, Distillers
13
431
Sears Roebuck
34
24
Shell Union Of
124
151
Secony-Vacizuru: Oll
121
Corn Products
64
Southern Pacie
143
Curtiss Wright (C)
10
Southem Riy $5 pid.
324
"
Change Curtiss Wright "A"
291
Sperry
44
11.23/23
11.20 A
11.18 N
...05 of
Deera & Co.
22
Spicer Manufacturing Co. 121
11.13/15
11.09/09
11.10/10
.03 f
Distillers Corpn. Seagrama
19
Standard Brands
61
10.84/84
10.81/81
10.79/79
.05
Douglas Aircraft...
787
10.49/50
10.47/48
10.43/44
Sbe off
Hand Gas & Elec.
21
Du Pont de Nemours.......
182
Standard Oll of California
25
10.71 N
10.72/71
10.65 N
06
Eagle Ficher Lead
∙111
Standard Oil of NJ.
45
October.. (
}
10.08/06
-10 06/06
9.97/97
.09 of
Enton Mfg. Co.
311
Stone & Webster
12
تصویر
December ( Spot
10.00/00
9.99/99
9.91 M
.09 off
Elec. Autolite
367
Studebaker Com,
97
11.46 N
11.43 N
03 of
Elec. Bond & Share
81
305 sellers, buyers possibly at 306,"
Volume (In contract of 100 bales each) 73,100 bales NOTE:--January cotton, laat notice day: 17.1.40.
Swift International
314
Elec. Bond & Share $5 pl.
813
Technicolor
15
Elec. Bond & Share $8 pt.
70
Texas Corpa......
45%
Shanghai Market
Sellers of Sterling for Spot at March 4.27/32 and U. S. Dollars at 731/32 | May sellers for Book
Shanghai Exchange
Shanghai, Jan, 10 (Reuter).
Offcia! T.T. Rates
July
NEW YORK RUBBER
19.30/30
19.00/00
10.40b/45a 19.10/12
18.68b/72a 18.85/90
19.50b/55a · 19.22/22 18.83b/87a
20 up
Elec. Power & Light 7 pt. Fintkote
347
rexes Gulf Sulphur
147
N
197
Trans-America Co.
63
22 p
Gen. American Trans.
581
20th Cent. Fox,
124
Paid-Up Capital
5,698,800.00
.15 up Gen. Electric
Reserve and Undivided
40
20th Cent, Fox. $it of......
244*
Profits
2,883,921.01
September December
18.45b/483
18.62/62
.17 op Gen. Motora
541
Union Carbide & Carbon ...
.86%
18.30/30
18.48 N
18 up Gen. Railway, Signal
184
Union Pacide .........and...
944
Gen. Tire & Rubber
22
↑
Total sales for the day:~2,000 tons.
United Aircraft
451
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
+
Glidden Co. .....
181
CHICAGO WHEAT
United Airlines Trans.
151
Goodrich (B.F.)
191
24
Board of Directors:
London
0/4-1/2
May........
July
New York
7-3/8
Japan
September ........
103/103
100g/100
997/993
1021/103
1001/1004
1014/101 981/082 98/984
1 off
United Corpn.
Goodrich $5 pf.
681
13 of
Goodyear Tire & Co.
237
United Corpn. $3 cum pt.
381
Sir Shouson Chow, Chairuna
2 #
Li Koon Chuu, Exq
13. off
United Gas Corpn.
31-1/4
Great Northern Iron Ore
18
India
27-7/8
Monday's sales:-20,254,000 bushels.
Great Northern Rly, píd.
253
United Gas Improvement
147
VA., Industrual Alcohol,
244
Paris
3.30
CHICAGO CORN
Great Western Sugar
271
381
US, Rubber
Hongkong
30-1/8
May
59/591
59/591
Sellers
July
591/593
Opening Closing
September
691/601
581/581 59/591 591/591
3 -0
Freyhound Corpn.
171
Hercules Powder Co.
US. Rubber sa pfd.
112
89
O
U.S. Steel
641
3. off
Homestake Mining
58"
Spot
0/4-27/32 0/4-55/84
international Harvester
¡Vanadium
32
591
1/
Walworth Co.
6
Amoy
Batavia
Loudon
Jan. Feb.
0/4-53/64 0/4-27/32
»WINNIPEG WHEAT
0/4-43/84 0/4-25732
May
2846
861/861
at. Nickel...
381
July
8712
861b 872/871
$$
Warner Bros. Pict........
31
Bambay
Mardia
Tel. & Tel
41
tff
Westinghouse" Elec.
114
U.S. Dollars
Johns-Manville
74
Caloutta Haiphong Mankow
Woodward Iron Cor.
234
Hozolala
Spot
$7-31/32
$8
NEW YORK HIDES
Jab.
7-29/32
Feb,
7-25/32
7-31/32 7-27732
Market:-Quiet but steady.
Merchant Rates
Sterling. 0/4-27/32
UB, Dollars, $7-15/18.
March
15.02 N June
15.30/34 New York, Official ...... 34-3/4 NY-London Cross Rate: 3.95
15.05/05 14.80/81 15.32b/38a 15.10/10
22 off
& Laughlin Steel $7 pfd. 62;* Rennecott Copper
| Chase National Bank
$71
National City Bank
364** 291*
Kobe
.20 of
34-3/4 3.95-7/8
•-bid.
t-ex, dir.
1038
DOW JONES AVERAGE
High Low Dow Jones Averages, · Jan. 8, -155,22 12141 30 Industriala:
Jan, 10, 1940
High Low Dinne
181.34,
151.21 149 45 149 84
35.90 34.14 20 Rail
32 18
15
27.70 20.70 20 Utilitie
22.22 14.51 40 Bonds
26.31 18161
32. 4 31,70 31A1. 28 38 25,95 28,05
Chando 1.50 off
.37 q# 3 of
00.37
Je off
85.87 45.59 11 Commodity Index
83.15
82.33
.82 off
Businem Done (~~670,000 shares ·
Patani
(Jobore) Tientsin
Bankow Mukden Tokyo
New York Tsingtao "Peiping Tokohama
DELAI HAIPHONG .. HAMBURG HANKOW
||
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPOSits received for One "Year or shorter periods in Local or Other Currencies at rater which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CORINT ACCOUNTE opened in interest allowed at rates obtainable LOCAL CURRENCY and FIXED DEPOSITS on application.
received for one year or sharter 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
Also up to date SAK DEPOSIT terms which may be ascertained at Boxes in various sizes To LE
any of the Agencies and Branches. Hong Kong. 25th September, 1939.
R. A. CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Banki is conducted by the HONGKUNGİ & -SHANGHAI - BANKING COR-} PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAT
BANKING CORPORATION.
V. M. GRAYBURN, - Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000.00
Li Lan Sang, Eng. P. K. Kwok Bag. Wong Chu Son, Esq. Wong Tan Tong, Esq. Kan Ying Po, Esq. Chan Ching Shot, Kaq, Fing Ping Wah Bag
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Branches and Agencies:-
Melbourne
Xegnska New York Paris
Peiping
Penang Blogspore Bangdon Sourabaya Saison Bwatow Bag Tran-Sydney
ciaon Tiantain
Bootte TACOGFE Semarang
Snagbal
THE CHASE BANK
16, 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.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI Case NATIONAL BANK, New York, with Resources of ovar U.B.$2,200,000,000.
D. M. BIGGAR,
Second Vice Pre
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 Branohos in China and connectiona in the principal Commercial Centres of the World, we are able to extend o our Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Hong Kong Branch;-
4, QUEEN'S ROAD, C...
South China Offices:
CANTON
Every description of Banking sod Exchange business transacted. Loans| granted on approved securities.
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- BHLUCHOW ceived for one year of shorter,
KONGMOON TOISHAN
*KINGCHOW
We also handle the issue of Bonds
periods in Local and Foreign Cut and other Public Fands of the
rencies on terms which will be quoted on application.
SATS DEPOSIT BOXES TO IST.
KAN TONG PO
Chief Manager.
Chinees Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
XABACHI KLANG
SHANGHAI
BINGAPOR
BETIAWAN
SOURABAYA
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADHAN
TONUKLE
MANILA
(Bhuket)
MIDAN
TRINGTAO
YOKOHAMA
..
War Loan, 34% Red
after 1952) Janton-Kloon Rly; $% 18 Chinese 41% Gold Loan
1898 (Brit. Issue)........ 60 Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French
Loan, 1908 Chiese 5% Crisp Loan, - 1912
Chinese 5% Reorg. Loan,
Chin. Imperial Rly 5%
Loan Honan Rly. 5%
Hukuang RIY. 6%, 1911..
The
rate
Silver Duty Rate
..
Central Bank of China's
London
at
10
8.11.
по
LONDON STOCK EXCHANGE
(REUTER'S SERVICE) London, January 9. The following quotations are the The Equalisation rate was 15 middle prices at the close of the Der cent
today was 1/2-1/2d."
New York Exchange
IN
New York, Jan. 9 (Reuter). 7.7", on London (Opening Rate), 3,95-3/8.
Calcutta Exchange
Calcutta, Jan. 9 (Reuter). T/T, on Japan, 80-1/4.”
India Rupee Paper.
Bombay, Jan. 9 (Reuter). Government 31% Rupee, 88-0-0 nominal.
LONDON METALS
EXCHANGE
London, Jan. 9 (Reuter).
TIN
market in London. All quotations.
are subject to confirmation and
(German Stpd.) - fientsin-Pukow. Rly. 5%
(Brit. Stpd. Supl. Loan) 15 Tientsin-Pukow Rly. 5%
(Ger. Stpd Supl. Loan) 15
Jap. 5% Ster. Loan, 1907 554
no responsibility is assumed for Jap. 8% Bter. Loan, 1924 811
errors in transmission,
1313 (Ldn. Is.)
Chinese 8%. Ster, Notes,
1925 (Vickers)
៩៦៦ ៨៦
der. 7% Inti. Loan, 1923 84
Bristol Aeroplane
15/5
Imperial Chemical Ind. 30/3
£
Chartered Bank
83
061
1.K. & Bhal Bank (Idn.
Rez)
871
Imperial Tobacco Marks & Sp'cer "A" ord. 52/6"
117/6
Rolls Royce
HK, & S'hal Bank (Col.
Reg.)
91/3
Leyland Motora
90
Chinese Eng & Mining
(bearer)
Tate & Lyle
$79/4
57
18
Turner & Newall
52
Chosen Corporation
8/6
United Steel
03/71 22/11
TO
Pekin Syndicate
1/0
Smethwick Drop Forg...
13/6
50
30
3'hai Bec. Constr. Co... 13 Thai Waterworks “E”..... 13. Union Insurance
Armstrong Stevens, ord
8.
Presset Steel, com.
.15/6
247
Vickers, ord.
45
Gula Kalimpong Rubber" 21/10), Allied Ironfounders
Woolworths
18/41 62/3
14/3
Anglo-Dutch
23/41
12
55
Asso. & Elec. Industries 37/10 Austin Motors, ord... 18/6 Cable & Wireless, New
Form, ord.
Rub. Plant Invest, Trust 34/6 Burma Corp/ration
11/71
Commonwealth Mining... -
57
16
B.-A. Tob. (bearer)
18
Mercantile Bank ............
.97/6 114
Marsman Investments... 15 Randfontein Estates
38/10/
Western Holdings.....
11/6
Duyers / sellers
£
£
Sakuang Rly. 5%, 1911
Cammell. Laird, ord.
6/3
Sub-Nigel.
*200
(German Lague)
17"
Mexican Eagle
6/101
Tanami Gold Mining
3d
250-1/2
Standard, Cash 250 Standard.
3 months 249 249-1/4 hal-N'king Ris. 5%... 20 Standard,
Bet'ment Price 250-1/2
Lung Tsing & U, Hai Rly.
5་ 113སབས་ཙ་
Courtaulde
37/6.
Anglo-Iranian .......
55/71.
14
Distillers
67/10)
Surmah.....................
62/6
Dunlop Rubber
30
Shell Trang, & Trad
Tientsin-Pukow. Rly, 5%
Gen. Electric (England) 74/71
(bearer)
-.77/8+
Straits
273-1/4
(Brit. Btpd.) Tientsin-Fukow Rly, 5%
Guinness (4) Bon & Co. 81
--Nominat
Hawker, Biddeley Airc... 15
† ex-dividend,
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
BANDAKAN
HAIPHONG
All steamers berth alongside the Rosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed. ·
For further particulars -
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZIL GENERAL MANAGERS