BUILDING
200
39 1/2
(FROM PAYNE & CO.)*
On demand
103 1/4
SINGAPORE RUBBER
Previous
On India:-
Telegraphic Transfer.
82 18
and demand..
SPOT
On New York:
APRIL-JUNE..
Bank Bills, on demand 24 3/8 Credits, 80 days' sight 25
JULY-SEPT.
38-7/8 39-1/B 39 cts. 37-578 .37-7/8 37-7/8 -36-3/4 37 cta. 37.xts.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 11,1940.
On London:-
Telegraphic Transfer. 1 13/16 Bank Bills, on demand/ 13:16 Credits 4 months' sight 1,3 0,32 On Shanghal:-
On demand
Ön Singapore:-
On demand
On Japan:---
8 8 8 8 8
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE
HONGKONG
COMMODITY, MARKET REVIEW.
NEW YORK STOCK EXCHANGE
Closing Opening Closing Change Amer. Locomotive Buyers Buyers
QUOTATION
STOCKS
Last Bale
JAN, 11, 1940 STOCKS
Jan. 10
Adams Expresa
81
Kennecott Copper
..Last Fala
Jan 10 37
FRIDAY, JANUARY 12, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised -Capital................. $50,000,000
INDIA, AUSTRALIA AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 18ts Reserve Funds:
Paid-Up Capital ... £3,000,000 £8,500,000 Reserve Fund
Alleghany Steel Co.
21
Lady Foundry & Mac.
41*
Allled Stores"
81
Lubbey-Owens-Ford
Glass 603
Proprietors
.#90,000,000
Allis Chalmers
39
Lockheed Aircraft.
Sterling H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
£3,000,00% HEAD OFFICE: LONDON:
£3,000,000
291
Aluminium Ltd
98
Loew's Inc.
Head Office:-HONG KONG
351
Amer, Can
1148
Mack Truck Inc.
27
American Cyanamid B..
33
Martin, Glen L
39
Amer. & Foreign Power
24
McKesson & Robbins, pfi, 171*
Board of Directors: Hon. Mr. A. L. Shields,
New York, January, 10.
January 10
Ameri & Foreign #7 pf....
271
Monsanto Chemical
108
American Gas & Elec.....
38:
H. V. Wilkinson, Esq.,
Montgomery Ward
531
314
National Aviation"
121
"Amer," Metals Co.
23
Zat. Dairy Products
181
up 1/8 1/4 up up 1/4
Amer. Radiator
101
Vat. Distiller's
241
Amer. Rolling Mill
17
National Gypsum
111
Amer, S'ting and R'ing Co.
51
National Lead
201
G. Miskin, Esq.,
Chairman.
Deputy Chairman,
J. K. Bousfeld, Esq.,. AH. Compton, Esq., Hon. Mr. S. H. Dodwell, D. F. Landale, Esq.,
38, Bishopagute E.C.2.
Sub-Agencies In London: 117/12, Lendenhall Street, E.CA West End Branch:
14/10; Cockspur Street, S.W.1. Manchester Branch: 59, Mosley Street, Manchester, 2. 'AGENCIES AND BRANCHES:
ALOR STAR AMRITHAK
BANGKOK
HONG KONG
ILOILO
PENANG
RANGOON
SAIGON
HARBIN
1
Un Batavia :-
The market was quiet, LONDON RUBBER
Amer, Sugar Refining
201
Nat. Power & Light
B1
K. S. Morrison, Esq.,
Previous close Today's close
Amer. Tel. à Tel.
172
On Paris:
On demand
Bank Bills on demand 1085
num 45 3/3
National Steel Corp.
711
Han, Mr. T. E. Pearce,
BATAVIA
BOMBAY
IPOH
BEREMBAN
КАЛАСЫ
SHANGHAI
buyer
buyer
Change
Amer. Tobacco "B" ............
89
Nat. Supply Corpn.,
9.
C. C. Roberts, Esq.,
SPOT".
11-13/18
11-7/8
up 1/16.
Amer. Waterworks
117
New York Central
171
APRIL-JUNE
11-3/4-
11-7/8
up 1/8
Anaconda Copper
29
Niagara Hudson Power
51
Sir Vaniteleur M. Grayburn,
Chief Manager.
Credits 4 months' sight 1140
JULY-SEPT, ».
11-5/8
11-3/4
up 1/8
Atchison, T. & S. Fe.
24
N. American Aviation
251
Un Salgen-
On demand
18 1/4
Du Manlia:-
On demand
49 3/4
On Bangkok -
On demand
150 1/4
Sterling Notes:-~~
Bank Buying Rate
1/3 7/8
Ba. Silver per oz.
44
}
11.18 N°
11.10/10
10.79/79
part of the morning. The marke, July
10.43/44
10.65 N
(..)
$.97/97
9.91 N
11.43. N
19.50b/35a.
10.22/22
11
September December
18.62/82
18.48 N
Total sales for the day:-1,440 tons. CHICAGO WHEAT
"
May July September
101/101
981/981
08/081
Tuesday's sales:-28,587,000 bushels. CHICAGO CORN
Market Report
FROM ROZA BROS. Silver prices rose 1/8 yesterday for both deliveries, the quotations being 22 for Ready and 21.15/16 for Forward. Silver advices. reported the market as being steady with a Little general buying. American Sliver was quoted at 34.3/4 for Spot.
The London-New York cross-rate was quoted at 402,1/2. New York. London was quoted at 395.3/8:
Market
Quietly steady. There was hard. ly anything doing.
Sterling
After ruling arm on covering demand, the market closed steady. NEW YORK COTTON: An opening demand from abroad absorbed by further realizing. There was a slight reaction later. after which demand broadened, buying becoming quite general" Sales of print-cloth for the week reached 50.000,000 yards. The ten- dency of cotton prices appears to be irregularly higher.
NEW YORK RUBBER: Shipment offerings were light. Continu- ed factory demand was evident. It seems that only very little in- centive would be required for a further advance.
CHICAGO WHEAT: A better feeling is developing owing to re- ports of a large scale buying of Canadian wheat by the British government and a better milling demand
NEW YORK
STOCKS: Previous close, 149.84: Today's close.
150.15: Change, up 31,
NEW YORK" COMMODITY MARKET
(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 March
Some business was reported at 1/2.15/16 for Cash during the early May
closed at 1 pm with sellers at 1/2 July (New contract) 15/16 January 1/2.29/32 February-October March and 1/27/8 April-May. buy- December ( ers at 1/2.31/32 Cash, 1/2.15/16 | Spot March, probably February and 1/2 29/32 May.
U.S. Dollars
Close
Volume (in contract of 100 bales each). 59,400 bales NOTE: January cotton, last notice day: 17.1.40. NEW YORK RUBBER
There were sellers at 24 9/15 | March January and 24.7/18 February, buy-May ers at 24.11/18 Cash, 24.5/8 January July and 24.9/18 February.
Shanghal Dollars At the opening there were sellers at 303 for Spot and at lurich time
sellers were quoted a: 307 for Spot. Shanghai Market Sterling opened with sellers for Spot at 4.55/64 and US. Dollars at
Biggs Mfacturing Brooklyn-M'hattan Trans." Brooklyn-Manhattan" $8 Canadian Pacific R'way. Case J. L... Celanese ......... Chesapeake & Ohio Chrysler Corpn.
Auburn Motors
21
North American Co. .........
Branches:
231
WAS
Baltimore & Ohio
6
Northern Facific
8%
Amoy
Ipoh
Barber Asphalt Ca Barnsdall Ou... Bendix Aviation
141
Owens-Illinois Glass Co.
63+
Bangkok Johore
Penang Rangoon
CALCUTTA
AGENCIES:
KOUX
CLIFE STEKT KUALA FAIRLIN PLACE
CANTON
CAWNFORE
CKBU COLOMBO DELAI
KLANU
BINGAPORE
JITIAWAN
SOURABAYA
LUMPUR
TAIPING
KUCHING
TIENTSIN
MADBAR
TONGKAR
MANILA
(Bhuket)
MEDAN
TRINGTAO
121
Batavia Kobe,
Pacific Gas & Mec,
337
291
Bombay
Kowloon
Saigon San
HAIPHONG
∙HEW YORK
YOKOHAMA
HAMBURG
FIIPING
Bethlehem Steel Bliss & Co.
Boeing Airplane Co. Borg-Warner
Climax-Molybdenum Co.
S. E. Levy, & Company)
Prev. To-day's
Colts, Patent Fire-Arma ... Columbla Gas & El ....
High LOW Close Close Change 11.12 11.05 11.10 11.12 .02. UD 19.69 19.55 19.50b 19.63b 13 up
102
1013 1001
102 581 573 581 $8. 14.90 14.80 14.90 14.80
Columbia 8% “A” pf.
Commercial Credit Co.
up
Com, & Southern (ord) Consolidated · Edison
oft Consolidated Oll unch. Continental Can
Closing Opening
11.065/182 11.21/21 11.07/07
Change
2
Continental Oli
11.12/12 10.77/77 10.83/84
קט 02,
.03 up copperweld Steel
Corn Products
04 UPCurtiss Wright (C)
10.40/39
10.42/43
.01 of
Curtiss Wright "A"
10.81/81
10.83/83
.03 off
Deere & Co.
9.93/94
9.97/97
unch.
9.87/27
9.90 N
01 off
Distillers Corpn. Bengrama
Douglas Aircraft
11.45 N
.03 up
Du Pont de Nemours
Eagle Picher Lead
Eaton Mfg. Co.
!
Elec. Autolite
19.55/55
19.63b/65a
13.
up
Elec. Bond & Share
19.20/20
19.25/27
18.83b/87a 18,88/89
.03 up 18.89/89 .:06 18.63b/88a 01 18.390/401 do of
Elec. Bond & Share $5 pf.
up
up
Elec, Bond & Share $8 pl.
Elec, Power & Light 37 pí.
Fisk Rubber............................
Fintrote
1014/102
981/987
102/102 991/991.
up
Gen. American Trans.
A
up
Gen. Mectric
981/981
ap Gen. Motors
der. Railway Signal
Gen Tire & Rubber
8 The market closed at Noon with
May
584/581
574/572
58/581
of Glidden Co.......
из
sellers of Berling for spot at 427)
July
59/581
58/581
off Goodrich (BF.)
32 and US. Dollars. at 7.31/32.
September
591/591
591/591
of Goodrich $5 pt.
Market
WINNIPEG WHEAT
Goodyear Tire & Co.
Dull
May
867b
862/871
July
871/871
$71b 38 A
up
up
Sterling
NEW YORK MIDES
14.80/81
1/2.15/16 January, 1/2.29/32 Febru- June
15.10/10
The market closed with sellers at Match
ary/March and 1/27/8 April-May New York, Oficial... 34-3/4 buyers at 1/2.31/32 Cash, 1/2.15/16-London Cross Rate 3,95-7/8 February-March and 1/2.29/32. May,
U.8, Dollars ·
The market closed with sellers at. 24.9/16 January, 24.7/18 February, buyers at 24.11/16 Cash, 24.5/81 January and 219/16 February.
Shanghai Dollars
Sellers for Spot a; 306, buyers at 308.
"
Shanghai Market
Sterling seller for Spot at 4.27/32 Standard, Cash 248
and U. 8. Dollars at 7.31/32 for Standard. Spot
Shanghai Exchange
Shanghal, Jan. 11 (Reuter)
Official T.T. Rates
RESERVE BANK OF Johns Manville
INDIA STATEMENT
J. & Laughlin Steel $7 pid. «03
Great Northern Iron Ore ... Great Northern Riy, pt. Great Western Sugar
14.70/60 15.00/14.92
14.80/80 unch. 15.06b/08a .04 of 34-3/4 3.95-3/8
Greyhound Corpn. ----
Hercules Powder Co.
Homestake Mining
International Harvester Int. Nickel
Int. Tel. & Tel.........
LONDON. METALS
EXCHANGE
London, Jan, 10 (Reutër).
Calcutta, Jan. 10. (Reuter),
1939 1940
TIN
Dec, 29 Jan. 1
Buyers
sellers Q
Notes in circulation.
-|
1939
248-1/2
High Low Dow Jones Averages, 155.9% 121.41 30 Industrial
35.90 24.14 20 Raile
Jan. 9, 149.84 31 81
3 months 248-3/4 247
#7.70 90.70 o Utilities
28.05
32.22 84,51 “40 Bonds
90,37
6,422 6,338
4,154 4,154
3,833 "3,833
85.87- 46.69 11 Commodity Index 82.33
Jan. 11, 1940 High Low Close 150.47 149 35 150.15 31 пр 31.99 .31.73 31.85 .04 up 98.25 25.04 26,10 05 up *. 00.39.02 up #144 I up Business Done :—100,000 shares
Chanza
DOW JONES AVERAGE ·
LONDON GOLD
London, Jan, 10 (Reuter).
Bar Gold, Fine per oz. 188/-
London
New York
Japan
India
Par's
Hongkong
Spot
Jan.
Feb.
Spot
Jan
Erb.
Sellors
0/4-1/2
7-3/8
32-174
SILVER MARKET
LONDON SILVER
London, Jan 10 (Reuter),
Silver: Little
general buying. Bellers scarce. Market steady. In
27-7/8 the afternoon, the market was
3.30
30-1/8
Opening Clasing 0/4-55/84 0/4-27/32 0/4-27/32 0/4-53/04 0/4-25/32 0/4-49/64 U.S. Dollars
B$
57-31/32 7-31/32, T-15/16 .7-13/16 7-13/16
Market:-Qulet.
Merchant Rates-
Sterling, 40/4-27ƒ3%=
0.8. Dollars, $7-15/15.
Sliver Duty Kate
quietly steady.
8pot, 22d.
Forward, 21-15/16d.
NEW YORK SILVER
'New York," Jan. 10. (Reuter). "Süver, Official, 34-8/4.
BOMBAY SILVER
Bombay, Jan, 10 (Reuter).
Market-Steady. Oftake 25 bars.
Ready
'Indian Mint Silver
Feb. 3 Settlement...
Mar. 4 Settlement
The Central Bank of China's Calcutta Exchange
rate on London at 10 a.m.
thday was 1/2-1/24.
The Equalisation inte whs 181
per cent
New York Exchange
New York, Jan. 10 (Reuter). TT; on London (Opening Rate). 3.95-7/8.
india Rupee Paper
Bombay, Jan. 10 (Beuter). Government 31% Rupee, 88-0-0. nominal.
(including Notes held in the Bank- ing Department)... 25,447 25,364 Rupee Coin and Bul-
Hon in India Gold Coin and Bul-
lion in India Securities (British
Government)
Securities
(Indian
Government) ........ 10,750 10,750 |
THE BEN LINESTEAMERS,
LIMITED.
80-11
81-00 60-14
FOR LONDON and LEITH
Calcutta, Jan, 10 (Reuter),
For Freight apply
T.T. on Japan, 78-7/8,
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. B4165
York Building.
Patani
Swatow
(Johore) Tientsin
Bankow Mukden.
Tokyo
New York Tsingtao Peiping Yokohama
(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 rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
ACCOUNTS opened in interest allowed at rates obtainable LOCAL CORRENCY and FIXED DEPOSIT On application. received for one year or shorter The Bank's Head Office in London periods in Local and other Gur-undertakes Executor and Trustee rancies on term which will be business, and claims recovery of British. Income Tax overpaid, on quoted on application.
Atao up to date SAFE DEPOSIT terms which may be ascertained at - Boxes in various sizes To Lax any of the Agencies and Branches. Hong Kong, 25th September, 1939.
HONGKONG SAVINGS
BANK"
For the HoxGIOKG & SHANGHAI BANKING CORPORATION.
Y. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1839.
Head Office:-HONG KONG No. 10 Des Voeux Rosd, Central,
Board of Directors: Sir Shonson Chow, Chairman
Li Koon Chan, Esq. Li Lan Bang, Eng. P.E. Kwak, Esq. Wong Cha Son, Esq. Wong Inn Tong, Eng. Kan Ting Po g. Chan Ching Shok, Esq. Pung Ping Wah Eaq
Kan Tong Fo, Esq., Chief Managw. Li Ts Fong, Esq. Manager.
penoise. :-- Pennie
Blagapors.. Bangoon Bonrabaya Saigon BWKLOW
*Kelbourne – Ban Fran- Sydney
cinco en bila
New York Seattle Vancouver
Peipit
Semarang
Shangtal
Every description of Banking and Exchange business transacted, Loans
granted on approved securities.
· R. A. CAMIDGE, .
Manager.
THE CHASE BANK
13, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank, offering com- plete Foreign Banking Serviós in the principal Markets of the world.g
Interest Rates on Application.
SAFE DEPOSIT BOXES
•
This Bank is entirely owned by
Tex CHASE. NATIONAL BAKE New York, with Besources of ovak 1.8.$2,900,000,000,
D. M. BIGGAB,
Second Fice Pris
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 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 TOISHAN KINGCHOW
Current Abcounts opened in Local|SWATOW Currency and Fixed Deposits г SHIUCHOW ceived for one year or shorter
We also handle the issue of Bonda periors in Local and Foreign Cut and other: Public Funds of the Chinese Government both at Home and Abroad.
rencies on terms which will be quoted on application.
SAFI DEPONIT Boxes To La
KAN TONG PO,
Chief Manager.
#
SHOU 7. CHEN,
Manager.
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Bervices for Cargo and Passengers,
TO-
SWATOW, SHANGĦAL, TŠINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Bucaarelt Terminal în the French Concession" at Bhanghai, where passengers and cargu are landed.
For further particolars
please heply tết c
JARDINE MATHESON&Co.,LTD.
TELEPHONE ZOXIL GENERAL MANAGERS
i
Pacino Lighting
491
Calcutta
Kuala
Francisco
791
BANKOW -
Packard Motors
31
"Canton
Lumpur Shanghai
14
Paramount Pictures
71
Chofoo
London
Singapore
231
Pennsylvania RR.
23+
Colombo
Lyons
Sourabaya
243
Phelps-Dodge
38
Dairen Malacca
Sungei
217
Phillips Petroleum
391
Foochow Manila
15
Pittsburg Coke & Iron
8 -
Haipnorg Muar
511-
Hamburg
Public Service of N.J
51
Pullman Inc.
31
Harbin
714
Pure Oll
9
Iloilo
28+
fadla Corph đi Am.
51
.411
Reading Company, Com
151
CURRENT
88
Reading Company, 1st píd
26*
361.
Remington Arms Co., Inc.,
41*
82*
Republic. Aviation Corp....
51
63
Repubic Steel
22
924
Revere, Cop. & Brass Inc.
14
472
| Reynold Tobas, “3”
407
It
Richfeld Oll
71
31
Safeway Stores
454
71
Schenley Dktillers
13
434
Seara Roebuck
831
231
Shell Union Oil
124
157
Socony-Vactura Oll
12+
64
Southern Pacific
141
10
Southern Ely $5 pid.
324
20
Эресту
44
217
Spicer Manufacturing Co.
321*
191
The Business of the above Bank i conducted by the HONGKONG) & SHANGHAI BANKING COR-) PORATION. Rules may be obtain- ed on application.
An
Standard Brands
ગ
804
Stand Gas & Elec.
21
1821
Standard Oll of California
258
11*
Standard Oll of NJ.
451
317
37
Store & Webster
121
Studebaker Com; ........
81
Swift Intemational
314
81
BANK OF EAST ASIA,
Technicolor
141
691
Texas Corpn.
451
- LIMITED
35)
141
fexes Gulf Sulphur
348
20
| Trans-America Co. ......
01
Authorised Capital......$10,000,000.00
124
541
20th Cent. Fox.
401
20th Eent. Fox. $14 pr. ......
247*
Paid-Up Capital .......... Heserve and Undivided
Profits
5,598,800.00
2,883,032.01
541
Union Carbide & Carbon
86
184"
Union Pacific ....................
942
22
United Aircraft
44
187
United Airlines Trans.
151
2
191.
United Corpn.
052
United Corpn. $3 čum pr.
391
231
United Gas Corpn.
18
United Gas Improvement 141
28
UB, Industrual Alcohol.
225
584
271*
U.S. Rubber........
112
17
0.8. Rubber $8 pfd.
871
U.S. Steel
Branches and
59
Vanadium
321
80
Walworth Co.
缕
Amay
Koticon
Bateria
Loudou
38
Warner Bros. Pict.
31
Bombay
HALA
Osloutta
Wastinghouse Elec.
114)
Haiphong
.41
Badkow
734
Woodward Imon Car.
231
Chase National Bank National City Bank
381*
Bocoinitt Kabe
30*
*bía.
ex div.