32/1/9
(FROM PAYNE & CO.)
On Japan:-
On demand
103 SINGAPORE RUBBER
New York, January 11. Previous January 11
PAGE 10-HONGKONG. DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 12,1840.
On London:-
Telegraphic Transfer 1346. Bank Bills, on demand/2 13/16 Credits 4 months' night 1,3,6,32
On Shanghai:-
On demand
On Singapore:-
Un demand
230
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
NEW
STOCKS
YORK STOCK EXCHANGE
QUOTATION
JAN. 12, 1948. STOCKS.
SATURDAY, JANUARY 13, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA 2
Authorised Capital...... $50,000,000
Last Gale
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 18s
Last sale
Jan. 11
Jan. 11
Reserve Funds:
Sterling
Adams. Expresa
8
Rengecott Copper .....
387
Alleghany Steel Co.
201
Lakey Foundry & Mac.
#1
Reserve Liability of
Allied Stores
81
Kubbey-Owens-Ford
Glass
50 "
Proprietors....... .......$90,000,000
H.E. Currency Reserve $10,000,000 Reserve Liability of Pro-
prietors
Paid-Up Capital £6,000,000 Reserve Fund
£3,000,000
£3,000,000
„£3,000,00€
HEAD OFFICE: LONDON:
Allis Chalmers
381
Lockheed Aircraft
291
Aluminium Ltd ....
99
Loew's Inc.
35+
Amer. Can
115.
Mack Truck Inc.
2
American Cyanamid B..
33
Martin, Glen L
311
Amer. & Foreign Power
21"
McKesson & Robbins, pfd,
17
Amert & Foreign $7 pi.... 25. American Gas & Elec
Monsanto Chemical ....
106
381
Montgomery Ward
52)
Board of Directors: Hon. Mr. A. L. Shields, H. V. Wilkinson, Esq.,
On India:-
Closing Opening Closing Change Amer. Locomotive
201
| National Aviation ...............enjo
12)
Telegraphic Transfer.
82 1/8
and demand......
SPOT
Buyers 38
On New York:-
APRIL-JUNE JULY-SEPT.
On Batavia:-
On demand
On Paris:
Bank Bilis, on demand 100s Credits 4 months' sight 140
On Saigonin
On demand..............
....... 15 3/8
SPOT
APRIL-JUNE
Bank Bills, on demand 24 3/8 Credits, 60 days' sight es
The market was very `qulet. LONDON RUBBER
Previous close Today's clone
37-7/8 37
Buyers 39 37-7/8 37.
Amer, Metals Co.
23
Yat. Dairy Products ....
161
39 37-5/8 36-5/8
unch.
Amer. Radiator
91
Nat. Distillers .............
24
J. K. Bousfield, Esq. A. H. Compton, Esq.,"
Hon. Mr. S. H. Dodwell,
off 1/4
Amer. Rolling Mill
16
National Gypsum ....
111
D. F. Landalo, Esq.,
off 3/8
Amer. S'ting and Ring Co.
491
National Lead
201
0. Miskin, Esq.,
Amer, Sugar Refining
191
Nat. Power & Light
8+
K. S Morrison, Esq.,
Amer. Tel & Tel ̈
1714
National Steel Corp.
701
Hon. Mr. T. E. Pearce,
buyer"
JULY-SEPT.
11-7/8 11-7/8: 11-3/4
"
buyer 11-13/18 11-13/10 11-11/18
Change
Amer. Tobacco "B"
89
Nat. Supply Corpn.
81
off 1/18
Amer. Waterworks
111
New York Central
171
of 1/18
Anaconda Copper
28
Niagara Hudson Power
o 1/16
Atchison, T. & S. Fe.
231
N. American"Aviation
241
The market was" dull,
Auburn Motors
2
North American Co.
2:21
Branches:
TOR 1/4
Du Manila:-
On demand
*... 48 3/4
On Bangkok--
On demand
Sterling Notes:-
Bank Buying Rate
150 1/4
... 1/3 7/8
Bar Silver per of
2 1/4.
U.S. Dollara
July (New contract) October
May July September
WINNIPEG WHEAT May 1/2.15/18 January and 1/2.29/32 July
April February-March, possibly buyers a 1/231/32 Cash and 1/2. NEW YORK HIDES 15/18 February.
Market Report
"FROM ROZA BROS. Silver prices rose yesterday to the extent of 1/4 for Ready and 5/16 for Forward, the quotations being 221/4 for both deliveries, Silver advices reported the marke; as be- ing quiet but steady. American Silver 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 395.5/8
Stagnant
Market
Sterling
NEW YORK COTTON: Persistent peace-rumours appeared tem- However. the porary to discourage additional speculative buying. domestic Trade bought liberally on setbacks which fumished demand of the day. Foreign buying appears to be lacking.
NEW YORK RUBBER: There were increased dealer offerings today. Prices of ei, rubber are easier.
peace-rumours and CHICAGO WHEAT: Local liquidation lack of support were depressing influences, the continued unfavour- able weather conditions in the South-West making a foundation for a better market later. Good export demand of Canadian wheat was was reported.
►
NEW YORK STOCKS: 148.23; Change, off 1.92.
NEW YORK
Previous close, 150.15; Today's close.
COMMODITY MARKET
(By Courtesy of Messrs. Swan. Culbertson & Fritz and. S. E. Levy & Company)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Comm. May New York, Hides, Mär. NEW YORK COTTON January March May July
There were sellers at 1/2.15/16) January and 1/2.29/32 February- March, probably April. buyers at!
Cash
1/2.16/16 and 1/2.31/32 February.
There were sellers at 24.9/18 December ( "January "and '24.7/16 February, bay-spot.....
ers at 24.11/16 Cash and 24.9/18 February
Shanghai Dollars
There were sellers at the opening March at 305 and closed at 1 pm, with May sellers at 307 and buyers at 309.
{July
September December
Prev. To-day's
High Low Close Close Change 11.07 10.97 11.12 10.98 .14 off
Shanghai Market Sellers of Berling for Spot were
Total sales for the quoted at 4.27/32 at the opening and closed at Noon, with sellers at CHICAGO WHEAT
May 4.53/64 for Spot. U.S. Dollars open-
July ed with sellers for Spot a 7.31/32
September and closed at Noon with sellers for;
Wednesday's sales:-31,387,000 bushels. Spot at 7:15/10.
CHICAGO CORN
In The Afternoon The market was extremely dul in the afternoon.
Sterling
The market closed with sellers at
Bendix Aviation Bethlehem Steel
Baltimore & Ohlo
51*
Northern Pacific
83
Amoy
Ipoh
Barber Asphalt Co Barnsdall Ou
141
Owens-linols Glass Co.
43
Bangkok
Johore
12
Pacific Gas & Mec.
Batavia
934
Bombay
Kobe Kowloon
San
221
Pacific Lighting
491
Calcutta
Kuala
Francisco
761
Packard Motors
34
Canton
Bliss & Co. ............
14
Paramount Pictures
Chefoo
on
Boeing Airplane Co. Borg-Warner
2:23
cennsylvania R.R
221
Colombo
Lyons
24"
Phelps-Dodge
Dairen
Biggs M'facturing
21
Prilips Petroleum
392
Foochow
Manila
Brooklyn-M'hattan Trapa.
157
Pittsburg Coke & Tron
Haiphong Muar
Brooklyn-Manhattan $6
501
Public Service of N.J.
401
Canadian Pacifc R'way. Case J. I
St
Pullman c.
Harbic
711
Pure Ou
Haile
Celanese...
29
Radio Corpn. of Am.
51.
Chesapeake & Ohlo
401
Reading Company, Com
151
Chrysler Corpn
86
Reading Company, 1st pid
251*
Climax-Molybdenum Co.
36
Remington Arms Co., Inc.
41*
Colts Patent Fire-Arms
791"
Republic Aviation Corp. ...
51
Columbia Gas & El Columbia 8
61
Republie Steel
21
"Apl.
912
Revere Cop. & Brass Inc.
192
Commercial Credit Co.
471
·འ
Reynold Tobac. "B".
401
19.59
1023
19.45 QSA
583
57
...... 15.01 14.70
19.83b 19.45 102. 997
58 14.30 14.70
.18 of
Com. & Southern (ord)
11
Richfield 01......
Boxes in various sizes To Lar Hong Kong, 11th January, 1940
Head Office:-HONG KONG
Chairman.
"Deputy Chairman,
C. C. Roberts, Esq.,
Bir Vandeleur M. Grayburn,
Chief Manager.
"Penang
Rangoon
Saigon
Lumpur Shanghai ** London Singapore
Sourabaya
Malacen Sungei
Patani Swatow
Hamburg (Johore) Tientsin
Makden Tokyo
Bankow
New York Tsingtao Peiping Yokohama
28, Bilhopsgate E.0.1. Sub-Agencies In London:
117/18 Leadenhall Street, Eos West End Branch: 14/16, Cookspur Street, S.W.1. Manchester Branch:
62, Mosley Street, Manchester, 9.
'AGENCIES AND BRANCHES:
ALOB STAR ANKITJAK BANGKOK
BATAVIA
POE
BOMBAY KARACHI
· CALCETTA
BLANG AGENCIES: KODE CLAVE STALIT Fairzin PLACE'
CANTON CAWNPORE CMC COLOMBO
DEL 11 HAIPHONG HAMBURG HANKOW
KUALA
KUCHING BADRAS VANILA
HEW YORK PRIPING
(Peking)
SEREMBAN
SHANGHAT BINGAPORа
BITIAWAN
SOURABAYA
TONOKAR
(Bhuket)
TSINGTAO
YOKOHAMA
FOREIGN EXCHANOR and General Banking Business transacted.
COERINT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Carzencies 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 OP application.
The Bank's Head Office in London received for one year or shorter 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,
ALMO up to date Bar DIPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
BARRIN HONG KONG ILOILO
PENANO RANGOON
BALOON
LUKPOR
TAIPING TIENTSIN
MIDAN
2 off
Consolidated 'Edison
311
Sateway Stores
45*
Manager.
574
off
Consolidated Ou
Th
Schenley Pastillers ......
13
.10 off
Continental Can
431
Sears Roebuck
831
Close
Opening
Closing
11.21/21
11.10/10
11.07/07
Change Continental Oil
14 off
221
Shell Union" Oll
121
copperweld Steel
151
Socony-Vactura Oll
12
11.12/12
11.05/05
10.98/99
.14 off
Corn Products
1.63)
Southern Pacific.....
141
10.83/84
10.76/75 10.73/73
.10' of
Curtiss Wright (C)
91
Southern Rly $5 pia.
31
10.42/43
10.34/35
10.33/33..
.09 off
Curtiss Wright "A"
281
Sperry
433
& SHANGHAI BANKING COB-
10.63/63
10.57/57
10.55 N
.08 of
Deere & Co.
211
9.97/97
9.90/89
9.80/81
.17 off
Spicer Manufacturing Co.
307
Distillers Corpn. Seagrams
19
9.90 N
9.83/83
9.73/73
.17 cf
Standard Brands ......
67
Douglas Aircraft
781
11.45 N
11.29
.19 off
Stand Gas & Elec.......
21
Du Pont de Nemours
1801
Volume (in contract of 100 bales each) 64,800 bales NOTE: January cotton, last notice day: 17.1.40. NEW YORK RUBBER
Standard Of of California
251
Eagle Picher Lead
Eaton Mig Co
11
Standa: Ol of N.J.
443
31
Stone & Webster
111
Elec. Autollte
381
15
19.63b/65 19.43b/55a
19.45/48
18 off
Studebaker Com.
01
Elec. Bond & Share....
71
19.25/27 19.15/15
19.02/02
18.89/89 18.30/80
18.70/70
23 off 19
Swift International
Elec. Bond & Share $5 pl.
011
Technicolor
Elec. Bond & Share $6 pf.
49
18.83b/88a
18.42b/43a
.21 off
Texas Corpn.
451
18.39b/40a
18.22 N
17 off
Elec. Power & Light $ pf.
33
Texes Gulf Sulphur
347
Fisk Rubber
141
day:-1,220 tons.
Trans-America: Co.
B
Flintkote
191
20th Cent. Fox.
12+
102/1021
991/99
1021/1021 991/991
991/100
21 off
Gen. American Trans,
554
Gen. -Electric
20th Cent. Foz $14 pi.
24
2,883,832.01
39)
971/971
2 off
98/981
961/961
21 of Gen Motors
Union Carbide & Carbon
85
531
Union Pacific
94
Gen. Rellway Signal
17
Gen, Tire & Rubber
United Aircraft
451
21ł
68/581
577/58
57/579
582/531
58/581
of 3dden Co. ...... of Goodrich (B.F.)
United Airlines Trans.
147
181
United Corpn.
21
Board of Directors:
19
504/591
584/58
vstoffSoodrich $5 pf
641
United Corpn. 13 cum pí. 39
Goodyear Tire & Co.
United Gas Corpn.
11
M
87 b 38ja
871/872
861A
1 off
Great Northern Iron Ore
United Gas Improvement
141
171.
87 A
1 off
Great Northern Bly, pid.
241
U.S., Industrual Alcohol.
243
377
September
·88)/381
Great Western Sugar
U.S. Rubbe:
271
Greyhound Corpn.
16
J.B. Rubber $8 píd.
1104
62
U.S, Dollars
March June
14.80/80
Public DeposILM
$
Other Stelt
Other Deposits:--
Bankers
Other Accounts
Total
Goverities:—
The market closed with sellers at New York, Official 24.0/18 January and 24.7/16 Febru-NY-London Cross Rate 3.95:3/8 ary, buyers at 24.11/16 Cash and
24.0/15 FebruRZY.
Shanghai Dollars
307.1/2 sellers for Spot.
Shanghal Market.
There were sellers of Sterling for Spot at 4.55/64 and US. Dollars at 7.15/16.
Shanghai Exchange
Shanghai, Jan, 12 (Reuter).
Official T.T. Rates
WEEKLY RETURNS. AND REPORTS
14.80/95 15.066/08a 15.18/18. 34-3/4
14.70/74
.30 off
Hercules Powder Co.
U.B. Steel
Vanadium
301
14.04/95
.12 of
Homestake Mining
51
Walworth Co.
54
Amay
34-3/4 3.95-5/8
International Harvester
Bateria
Londax
591
Warner Bros. Pict.
31
Bombay
Manila
int. Nickel
STAAN
Westinghouse Elec.
112
Ostia
Huphong
جاon insta
'nt. Tel. & Tel. Johns-Manville
4
Woodward Iron Cor.
231
Bankow
Lienotaja
New York Beattie Paris
73
Chase National Bank
344
Kobe
Pelping
J. & Laughlin Steel $7 pfd. 631.
National City Bank
284*
יו
"BANK OF ENGLAND
*-bid.
+-ex, div.
London, Jan 11 (Reuter). euter).
Jan 1
17,190
Jan. 11 27,850
1039
High
128,640
115,720
DOW JONES AVERAGE"
Low Dow Jones Average", Jan. 10, High Low Close 155.92 181.41 30 Industriak...
Jan 12, 1940,"
Change
150.15
52,690
42,500
35.90 24.14 0 Baile
31.95
181,330
158.220
97.70 20.70 10 17tilities
28.10
100.04 148.29 149 23 34/4 31.43 21.43 28.20 25.66 25.56
1.92 off
#42 off
Securities
153,140
127,360
2229 84.51 40 Bonds
21.39
65.67 45.59 11 Commodity Index 62.44
10.24 61.54
.16 of
·.90 off
London
New York
Japan
.... 0/4-1/2
Discount & Advances Becurities
4.580
6.200
Business Done ---840,000 shareS
KAN TONG PO,
Chief Manager.
25,060
25,350
7-3/8
Total
29,820
81,850
31-1/4
Notes and Coins
33,700
45,010
India
27-7/8
Total Bullion...
1.130
1,150
Notes in circulatio
647,420
636,130
Par's
Hongkong
3.30 30-1/8
Ratio of Reserve to Liabilities
Price of Gold at which holdinn are valued
16.97% 108/-
24.19% 160/-
SeBers
Opening Closing
Spot
0/4-27/32 0/4-53/64
Jan.
0/4-53/84 0/4-53/64
Feb.
0/4-49/64 -0/4-49/64
U.S. Dollars
Jao. 4 #
Jan 11
TO-
Spot
Jan.
Feb.
$7-31/32
$7-15/16
Bills Bought
7-15/16
7-15/16
US. Securities held
7-13/18
7-13/16
Market:quiet.
Merchant Raten
Sterling, 0/4-13/16.
U.S. Dollars, $7-7/8.
Silver Duty Rate
The Central Bank of China's
00
10 London' at
rate today was 1/2-1/2d.
a.m.
The Equalisation rate WAL 17 Der.cent
New York Exchange
'New York, Jan 11 (Reuter). TT, on London (Opening Rate). 3.95-3/8.
FEDERAL RESERVE SYSTEM
Federal Reserve Ratio
Federal Reserve Credit Outstanding
Monetery Cold Stock Industrial Advaños
Calcutta Exchange
Calcutta, Jan. 11" (Reuter). T.T. on Japan, 80-1/4
iulia Rupee Paper
Bombay, Jan. 11 (Reuter). Govemment 31% Rupee, 88-0-0 nominal.
LONDON GOLD
London, Jan. 11 (Reuter). Bar Gold, Fine per.cz., 188/
New York, Jan. 11 CRenter)...
(000'% omitted) Jan. 6
1.000
2,504.000
2,184,000 2,477,000 83.79% 87.05% 87.34% 2.604.000 2.584.000 2,804000 14.565 007 17.877.000 27,741000 10,843,000 15,505,000 10,383,000
LONDON METALS,
EXCHANGE London, Jan. 11 (Réuter).
TIN
Duyers
seliers &
Standard, Cash 246-1/2` 24 Standard.
246-1/4
3 months 245 Standard,
Set'ment Price 246-3/4 Straits.......... 271-3
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAI TYINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
"All steamers berth alongside the Roosevelt Terminalin the French Concession at Shanghai, where passengers and cargo are landed.
For further particulars
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE ZOZILO GENERAL MANAGERS
THE MERCANTILE BANK OF INDIA, LIMITED
...
Head Ofco:-15, Graeschurch Street, London, EC.J
Authorland Capital
Subscribed Capital
Emerre Pasi and Best,
BANKERS:
The Bank of England and Midiand
Bank, Ltd. BRANCHES;
Bangkok tpoli
Idar
Homber Calenzia Calauber
Hongkang
Howra
Kuantan Kandy
Karachi
Kota Bhar
Kuala Lipis
Kuala Trenggan′′
Matr
New York
Partur
Tangoos
Shanghai
Minta
Kanla: Lumpur Sisrepare
•HONG KONG BRANCH: Every descriptios of Banking and Krobsog' basis trasunetadi.
Travellare Cheques' førtiad;"
TRUSTEE AND EXECUTORSHIP
KUM UNDERTAKEN KURRENS 4000PXT 4" opened In Lini Dar- [rency and FIXED DEPOSIT) molved in Local Jarrenoy, STERLING & U, 4. DOLLARI op termi that may be womrtednet on appikation.. 1
D. BENSON, AN
"HONGKONG SAVINGS
BANK
The Business of the above Banki
THE CHASE. BANK
is conducted by the HONGKONG 15, QUEEN'S ROAD, CENTRAL
PORATION. Rules may be obtain-
ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1938.
BANK OF EAST ASIA, LIMITED
2
HEAD "OFFICE:
18, PLNE 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 THE CHAK NATIONAL BANK, NEW YORK, with Resources of ove 1.8.$2,000,000,000... 3,598,600,00
Authorised Capital......$10,000,000.00 Paid-Up Capital Reserve and Undivided
Profits.....
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Bir Shouson Chow, Chairman
Li Koón Chan, Zag, Li Lad Bang, Esq. P. K. Kwok. Eaq.
Wong Chu Son. Esq.
Wong In Tong, Esq. Kan Ying Po, Esq. Chan Ching Shok, Kay, Feng Plag Wah Eaq Kan Tong Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.
Branches and Agencisa :-- ..
Korloca
Panang
Bingapore Bourabaya Hangoon
Swatow
Madbourne Bydney
Semarang Shanghal 14
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 Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts epened in Local Currency and Fixed Deposita re ceived for one year or shorter periods in Local and Foreign Cur| CANTON rencies on terms which will be SWATOW quoted on application.
SAVE DEPOSIT Boxxs To Lat
4, QUEEN'S ROAD, U. South China Offices:
SHIUCHOW
KONGMOON TUISHAN
KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chiness Government both at Home and Abroad.
SHOUJ. CHEN, ".
*Manager.
*
!
| Paid-up Cipital ..
£3,000,000
£1,800.000
£1,050,000
-21,252,770