Adams Express ................
Alleghany Steel Ca.
Allied Stores
Allis Ensimetron pronenes som NS
Aluminium Ltd
Amer. Cai
52.1/9
(FROM PAYNE & CO.)
American Cyanamid B
On Japan:-
. On demand
On India:-
and demand
103 3/4
SINGAPORE RUBBER
Telegraphic Transfer.
On New York:-
Bank B, on demand 24 1/2
Credits, 80 days" sight 25 1/8
89 1/8
3 POT
APRIL-JUNE
JULY-SEPT.
35
New York. January 15.
Previous January 15 Closing Opening Closing Change Amer. Locomotive it... 191 Buyers Buyers 37-7/8-
37-3/4 37-5/8 36-1/4 36-1/8 36-1/8 35-178 35
Amer. & Foreign Power ...
Ameri & Foreign #7 pt.... american Gas & Elec
Amer. Metals Co
off 1/4 Amer. Radiator .............. off 1/8 | Amer, Rolling Hil
off 1/8 Amer. S'ting and Ring Co.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JANUARY 16 1940.
On London:-
.1
Telegraphic Transfer. 2 1316) Bank Bilk, on demand/2 13/18 Credits 4 months' sight 1,35,39
On Shanghai:-
* On demand
On Singapore:→→
On demand
295
.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
NEW YORK STOCK EXCHANGE.
STOCKS
QUOTATION
(REUTER'S SERVICE)
JAN. 16, 1940 STOCKS
Last Rale
Jan. 15
Ikey Foundry & Mac. 4. Libbey-Owens-Ford Glass
WEDNESDAY, JANUARY 17, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
W
INDIA, AUSTRALIA
AND CHINA ·
Authorised Capital $50,000,000 | Incorporated by Royal Charter, 1885 Issued & Fully Paid-Up 690,000,000| Reserve Funds:
Paid-Up Capital Sterling ........... ........£6,500,000 Reserve Fund E.E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
38, Bishopsgate R.C.S.
Sup-Agencies In London:
117, 12, Leadenhall Street, E.Qa West End Branch:
14/18, Cockspur Street, S.W.i. Manchester Branch:
49, Mosley Street, Manchester, 4. AGENCIES AND" BEANCHES:
11
HARBIN FONG TONG LANGOON
BATION
ILOILO
...£3,000,000
Last. Bale
£3,000,000
Jan. 15
8
£3,000,00
"'
184
481
Proprietors....
$90,000,000
HEAD OFFICE: LONDON:
81
37
Lockheed Aircraft .........
281
Loew's Inc,
34
Head Office:-HONG KONG
99
Mack Truck Inc.
25
T
1134
Martin, Gleu L
367
32
McKesson & Robbins, pid
17
Monsanto Chemical
104
24
Montgomery Ward
51
37
National Aviation
111
Board of Directors: Hon. Mr. A. L. Shields,
Chairman. H. V. Wilkinson, Esq.,
Deputy Chairman.
at. Dairy Products
162
23
¡Nat. Distillers
23
J. E. Bousfeld, Esq., A. H. Compton, Esq.,
9.
National Gypsum
101
Hon. Mr. B. H. Dodwell,
ALOE STAR AMRITSAR
PENANG
151
D. F. Landale, Baq..
National Lead"
197
471
G. Miskin, Esq.,
Nat Power & Light
81"
K. S. Morrison, Esq..
HOLI"
Un Batavia:~*
On demand
On Paris:
45 1/2
The market was slightly steadier,
LONDON RUBBER
Amer. Sugar Refining
19.
National Steel Corp.
08
Hoo: Mr. T. E. Pearce,
Amer. Tel & Tel
1881
Nat Supply Corpn.
81
C. C. Roberts, Esq.,
Previous close Today's close
Amer. Tobacco "***"*"
871
******
New York Central.....
161
Bank Bills, on demand 1085 Credits 4 months' sight 1140
buyer
buyer
Change
Amer. Waterworks ...............
111
Niagara Hudson Power
53
Sir Vandeleur M. Grayburn,..
Chief Manager.
9 POT
11-3/4
11-11/16
On Salzon ---
On demand
....108 1/4
APRIL-JUNE JULY-SEFT.
Du Manila:—
On demand ......................... 49
On Bangkok-
On demand
Bank Buying Rate...
Suver
"
than yesterday.
V
Sterling
NEW YORK
The
marketi
Chicago Wheat, May Chicago Com. May New York. Hides, Mar.
NEW YORK COTTON
Close
10.99/99
March
10.92/93
at
May
10.85/66
market
Jaly ...
10.25/25
at
July (New contract)
10.45 N
||
October. December
..... 9.66/67
9.58/58
Spot
11.15 N
..!
March
May July
the
September ... December
18.00b
41
May July
September
951/951
Saturday's sales:-21,200,000 bushels.
CHICAGO CORN
May
577/677
ers at 304.
September
581/581
SHANGHAT MARKET
Sterling Notes:---
150 1/4
1/37/8
Bar Sliver per 021 3/4
Market Report
yes: the
After ruling edster, the market became steady on covering.
NEW YORK COTION: Heavy selling for the past few days has improved the market technically. When a broader demand develop ed, prices advance quite easily as they were today and we feel that they will go still higher, when the scarcity of contracts becomes more apparent. We believe that advantage should be taken to buy on recessions.
"
NEW YORK RUBBER: Rubber consumption for December was 48,428 tons, compared with 54,322 tons for the month of November, while stocks were 138.017 tons and rubber afloat totalled $1,095 tons The poor December consumption figures are likely to cause temporary
January both weakness. What prospects of a brightening
consumption and the unfavourable European developments, we would build up positions on declines.
Atchison, T. & 8. Fe. Auburn Motors Baltimore & Oblo Sarber Asphalt co Barnsdall Ou Bendix Aviation Bethlehem Steel Bilas & Co Boeing Alplane Co. Borg-Warner
Biggs Macturing .................. Brooklyn-Mhattan Trank Canadian Pacific R*way. ... | Brooklyn-Manhattan #
|Case J. I. Celdriese Chesapeake & Ohio ..... Chrysler Corpn
FRON ROZA BROS.
Silver prices dropped 5/8 terday for both deliveries, quotations being 21.3/4 for Ready and Forward,
ad- vices reported: Iridia AS haring bought to a small extent, Support CHICAGO WHEAT: The market responded to a renewal of buy-Climax-Molybdenum Co. nas poor. The market was steadying on the belle of an imminence of "a protracted war and the American Silver was quoted at strength of the mill markets. Realizing was well absorbed. Wea- 34.3/4 for Spot.
ther conditions in the South-West continued unfavourable.
NEW YORK STOCKS: Previous close, 145.19; Today's close.
The London-New York cross-rate was quoted at 4021/2. New York-144.65: "Change, off 54, London was quoted at 397.5/8.
Market
Quietly steady but a lower level
Some business was reported al
1/2.15/16 for near,
closed at 1 pm, with sellers at
COMMODITY MARKET
(REUTER'S SERVICE)
1/220/32 January/February, poNew York Cotton, Mar........... 11.09 10.93 10.92 11.08 .18 sibly March, buyers at 1/2.15/16 New York Rubber, Mar.
19.08 18.87 19.01 18.87 .14 Cash and 1/2.29/32 April.
3004 981 981 1001 2
583 573 573 581 14.73 14.50 11.52 14.73
E.S. DollarS There were Sellers
at 24.11/18 Cash, possibly January, and 24.9/
18 February. buyers at 24.3/4
Cash and 24.11/18 February,
Shanghai Dollars
Some business was reported 308.3/4
and 306, The
closed at 1 pm. with sellers
305, buyers at 30.1/4.
Shanghai Market
At the opening sellers for Spot for Sterling were quoted at 4.53/
64 and US Dollars at 8, Towards.. the close the market was a shade steadier with sellers at 4.55/64 and 8.1/16.
Afternoon Market
dull in The market was afternoon.
Sterling The market closed with sellers at 12.29/32
January
Volume (in contract of 100 bales.cach) 53,300 bales NOTE:-January cotton, last notice day: 17.1.40.
NEW YORK RUBBER
Total sales for the day:-1,580 tons.
January/February. CHICAGO WHEAT -- possibly March, buyers at 1/2.15/ 16 Cash and 1/2.29/32 April.
U.S. Dollars There were sellers at 24.11/1 January and 24.9/16 February, buyers at 24.3/4 Cash and 24.11/ 16 February.
Shanghai Dollars
Sellers a 303 and probable buy-July
Was a shade steadier with sell WINNIPEG WHEAT
Colts Patent Fire-ArmA ... Columbia Gas & El............ Columbia 5% "A" pf...... Commercial Credit Co. Com. & Southern (ord) Consolidated Edison
up Du Pont de Nemours... 3 up Eagle Picher Lead 21 up Eaton Mfg. Co. Elec. Autolite.
11-11/16
11-11/16
of 1/18
unch.
Anaconda Copper.
23
N. American Aviation
231
221
11-9/16
11-9/16
2
North American Co. ....................
221
Branches:
MADRAS
BANGKOK
BATAVIA
BOMBAY CALOUTTA
KARACHI
KLANG V AGENCIES: KOBR
CLITE STRRIT KUALA
FaisLX PLACE CANTON
CAWNPORR CESC
SHANGPAI
BEREMBAN
H
Northern Factic
5
Amoy
Ipob
Owens-Illinois Glass Co.
→ 60
14
Bangkok
Johore
Penang- Rangoon
| GOLOMBO
DELHI
MANILA
MAPAN
SINGAPORE BITIAWAN
SQURABAYA
LUMPUR SUCKING
TALFING
TIENTRIN
TONGKAH
MINGTAO
(-Bhuket)
Pacific Gas & Elec.
32
Batavia
121
Pacific Lighting
487
Bombay
Kobe Kowloon
Saigon
San
274
Packard MoLOTE
3
Calcutta
Kuala
Francisco HANKOW
734
Paramount Pictures
Canton
Lumpur
Shanghai,
13 *
Pennsylvania E.R
211
Chefoo
London
Singapore
*221
Phelps-Dodge
36
Colombo
Lyons
Sourabaya
231
Dairen
Malacca
Sungei
Phillips Petroleum
39
201
Foochow Manila
Pittsburg Coke & Tron
141
ཀརཱུ*
Public Service of N.J.
404
48**
Pullman DC.
*
5
Pure Of...*.*.
83
Radio Corpm, of Am..
62
27
Reading Company, Com
147
391
Reading Company, lst.pid
26+
,
821
Remington Arms Co., Inc.
38
Republic Aviation Corp. ...
54
781
Republic 8tee:
197
6
Revere Cop & Brass Inc.
124
89-Reynold Tobic: ***
401
474
Richfeld Ou
72
1t
Sat way Stores
411
30
Schenley Diitulers
13
Consolidated Oil
Continental Can
71
Sears Roebuck
811
424
Shell Union Oil
114
Continental «Oil
Com Products
231
Bocony-Vacuuru C11.
113
Copperwald Bbeel
152
Southern Pacife
13
63
Southern Rly $5 ptd.
291
*
Figh Low
Prev. To-day's
Close Close Change
Curtiss Wright (C)
91
Sperry
* NEATRA
43
Curtiss Wright: "A" Deere & Co.
281
201
Spicer Manufacturing Co.
291*
Standart Brands....
7
up Distillers Corpn. Seagrame
181
Stand Gas & Elec.....
» 24*
off Douglas Aircraft ......
763
¡Standard Oll of California
2.5
178
(Standard Oll of N.J.
434
103
Stone & Webster
11
28
Studebaker Com,
91
351
Opening Closing 11.01b/05a 11.02" N
Change
Swift International
307
Elec. Bond & Share
-73
Technicolor
13
.03 up Elec. Bond & Share $5 pl.
Texas Corps.
431
10.93/93
11.08/09
16 up Elec. Bond & Share $8 pf.
661
BANK OF EAST ASIA,
fexes Gulf Sulphur
33
10.67/67
10,83/83
18 up Mec, Power & Light sĩ pt.
334
LIMITED
Trans-America Co.
58
10.29/28
10.44/44
19 up Rubber
144
20th Cent. Fox
117
10.51/51
10.84 N
.10
up Flintkote
184
[20th Cent. Fox. $14 på.
0.69/69
9.85/85
.19
UP Gen. "American Trans. .........
513
Union Carbide & Carbon
5,308,800.00
82
9.82/62
9.79/79
21
up Gen, Electric
381
Reserve and Undivided
Union Pacific ......
93
11.31 N.
16
Up Gen Motors ....
513.
Profits
2,853,232.01
United Aircraft.
441
Patani
Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow Mukden "Tokyo
Harbin New York
Iloilo
Tsingtao
NEW YORK PRIPING"
(Peking)
FOREIGN EXCHändi and General . Banking Business transacted.
CURRENT ACcours, opened and FIXED DEPOSIzs received for One shorter perioda in Local or Other Currencies at rates which will be quoted on application.
Yokohama Peiping
|
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOST
The Bank's Head Offee in London received for one year or shorter periods in Local and other Cur undertakes Executor and. Trastes rencies on terms which will be business, and claims recovery of quoted on application..
British Income Tax overpaid, on
ALSO up to date BATE DEPOSIT terms which may be ascertained "at Boxes in various sizes To LET
any of the Agencies and Branches. Hong Kong, 11th January, 1840
RA, CAMIDGE,
Manager.
HONGKONG SAVINGS
BANK
The Business of the above Bank]
THE CHASE BANK
is conducted by the HONGKONG! 18, QUEEN'S ROAD, CENTRAL
SHANGHAI BANKING COB)
PORATION. Rules may be obtain
ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
1. Chief Manager. Hong Kong, 9th Feb., 1939,
Authorised Capital......$10,000,000,00 Paid-Up Capital
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world
Interest Rates ou Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABE NATIONAL BANE, New York, with Resources of ore 17.8.$4,000,000,000,
D. M. BIGGAR,
Second Fice Pres
HAIPHONG
TOKOHAMA
HAMBURO
"
HEAD OFFICE:
JJ
Gen. Railway Signal
Gen, Tire & Rubber
Glidden Co.....
18.35/38
19.01/01 18.98/97
14 of 18.67/98 18.60/60 18.51/52 18.57/57 .03 of 18.29/33
02 up 18.31b/35a 18.00b
18.10/10 .10
,10 up
Goodrich (B.F.) Goodrich 15 pf...se
Goodyear Tire & Co. ......... Great Northern Iron Ore ...
Great Northern Rly, pid.
קט
18.10 N
Great Western Bugar du
Greyhound Corpn. "
Hercules Powder Co.
Homestake Mining -...
International Harvesta
981/981 981/982 061/001
081/007
1001/1001
98/981 $71/971
2
upt. Nickel
11 up int. Tel. & Tel
21 up Johns-Manville
J. & Laughlin Steel şi pia. Rennecott Copper ...
571/571 573/572
581/581
581/581 591/591
Up
ម.ម ៩.
1038
35.90 14.14 30 Raile
ers of Sterling for Spot at 47/8 and U.S. Dollars at 8.160
May
86/8€
881/86)
July
632A
September
88/88
87+3 877/88 19+B
11 up
27.70 20.70 20 Utilimes
22.23 84.51 40 Bonds
11 up
Shanghai Exchange
NEW YORK RIDES
Shanghal, Jah, 16 (Reuter),
March
14.52/52
Official T.T. Ratex
June
15.75/75
London
0/4-1/2
New York, Official
unquoted
14.51/60 14.73/73 14.85/85 14.95/95
34-3/4
21 up
20 up
New York
7-3/8
|NY-London Cross Rate 3.87-1/8 ...
3.97-5/8
Japan
31-174
India
Parts
24-7/8 3.30
30-1/8
Sellers
Hongkong
Opening Closing 0/4-53/84 0/4-57/64 0/4-53/84 0/4-7/8
0/4-25/32 0/4-53/64
LONDON METALS
EXCHANGE
London, Jan. 15 (Reuter).
Spot
Jan.
Feb.
D.B. Dollars
*:
Spot
$8
$8-3/32
sellers £
Jan.
Feb.
8 7-7/8
8-1/16 7-15/16
Standard, cash 242-3/4 243 Standard.
Market: Quiet but steady.
Merchant Rates
Sterling, 0/4-13/18.
US. Dollars, #7-15/16.
"Silver Duty Rats
The Central Bank of China's
rate on London at
today was 1/2-1/2d.
10
The Equalisation rate was 14-3/4
Det cent
New York Exchange
New York, Jan, is (Reuter),
|
VT, on Landon.(Oběding Rate).
TEN
Duyers
#
monttu 241-3/4" 242-1/4
Standard.
Set'ment Price 242-3/4 Straits
...... 28x
LONDON GOLD
London Jan. 15 (Reuter). Bar Gold, Flat per oz., 188/-.
Calcutia Biéhange
Calcutta, Jan, 15 (Reuter)
TT on Japan, 79-7/8
-Head Office:-HONG KONG No. 10 Des. Vosur Road, Central,
Board of Directors:
Sir Shopson Chow, Chalemani Lí Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Bag, Trang Cho Bor, Dig Wong Ina Tong, Esq. Kan Ying Fo, Bag. Chan Ching Sidk, Eiq, Fang Ping Wah Bág
Bán Toan Pop Big, Chiết Miraque.
Li The Fong, Esq., Manager. -
Branches and. Aganoias :—
Loudou
Kerloon Poung Bingapore Bangcon Sonradars
Batow Saigon Melbourne Man Fran. Sydney
cios Zentan Seattle
Semarang. Shanghai
Every description of Banking and Exchange business transacted. Loads granted on approved securities,
Current Accounts opened in Loca|| Currency and Fixed Deposita 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 Ist.
KAN TONG PO
Chilf Manager
.
INDO-CHINA
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00 (BRANORES ALL OVER ÜHIBA) Owing to our Bümeraní Branches in China and, confections in the principal Commérèïä! Centres of the World, we are able to extend *o our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office-SHANGHAI Hong Kong Branch:
4 QUEEN'S ROAD, C. South China Offera:
CANTON
SWATOW BHUCHOW
KONGMOON TOISHAN
KINGCHOW
Woŋalso handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
SILVER MARKET STEAM NAVIGATION COMPANY LTD THE MERCANTILE BANK
LONDON SILVER
London, Jan. 15 (Router).
Bulver-Little general selling Support poor. India small buyer] at the decline. Market steady. In the afternoon, the market was steady, with small buyers at the rate but nothing was offered
Spot, 21-3/44. Forward, 21-3/4
NEW YORK SILVER.
New York, Jan, 15 (Reuter Silver, Oficial, 34-3/4"
BOMBAY SILVER Bombay, Jan, 15 (Reuter). Market.-Quiet but stead?, OE- take 25 bars N
Ready
Indian Mint Sliver
Feb. 3 Bettlement Mar. 4 Bettlement
#1-01 #1-04 61-0A
Operating Services for Cargo and Fassengers
to
SWATOW, SHANGHAL, TSINGTAU, CHEFƉO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN
HAIPHONG
All steamers börth alongside the Roosevelt Terminal in the French Concession at Shanghai Where panengers and cargo are landed.
For further particular
blesse apply to
JARDINE MATHESON&Co.,Lro TELEPHONE ZOZIERE ER EMANAGERS
OF INDIA, LIMITED
Hand Offcol-8, Gracechurch Street, London, ECA
Authorised Captial
Subscribed, Capital
Paid-up Capital
Serve Yund and Best,
BANKERS:
• 23.000,003
21,800,000 £1,060,000
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Ipob
Bembey
Jados
Cheatis
Kuantan
Colomber
Kandy
Kanchi.
Kota Bharu
Hongkong
Kuala Lipis
Delki
Gaile
Howub:
Xcala Trengga*
Hadran
New York
Priang
Rangoon Bhanghai
IMs Lumpur Singapore
HONG KONG BRANCH: Every descriptio of Beaking and :: Exchang business transseted,
Travellara Obeques lamed,
TRUSTEE AND EXECUTORSHIP MASAUNDERTAKEN SA
CURRENT LOGO UNTA, opened in Idol, Cari Pasay und, FILED DEPOSITS Packtead, in Loosd Owrinay, #WEEZING & U. 8, DOLMARI où ferias. that may be scortalnað ón application, "met D. BENBON.
*161*
United Airlines Trans.
15
209
United Corpn.
171
United Corpo. 33 cum. pl.
381
179
United Gar Corpn.
17
83
United Gas Improvement
144
24
US. Industrual Alcohol.
22
1841
U.S. Rubber
364
237
UB. Rubber $8 píd.
109
28
U.S. Steel
59
151
Vanadium
30
87
Walworth Co.
52
55
Warner Bros. Pict.
31
80
Westinghouse Elec.
106
Lettry
363
| Woodward Iron Cor........
224
4.
Chase National Bank
71
National City Bank
$6
Batavia
isombay C3outin
Manila
Haipboas
Haskow Honolul
New York
Pizde
Kobe
Pulping
*_-bid.
1-ex div
DOW JONES AVERAČE.
High Low Dow Jones Averages; Jan. 13, High Low "Clone Changa 156,93 11141 30 föddstrials
Jan 16, 1940
145.19
30:60 35.21 89.86
145.80 14%.06 14465 11.56 30.08 30.33 $5.25 9483 · 26.03
€
85.87 1550 11 · Comisocity Index 80,55
.64 GR 27 off .18 off 21.58 .38 off 81,19 .84
84 up
Business Done:—900,000 abares