S FOT APRIL-JUNE
JULY-SEPT."
35 cts.
New York, January 16. Previous January 18 Closing Opening Closing Change
Buyers Buyers 37-5/8 37-3/8 38-1/8 35-7/8 36-1/8
34-3/4
45 3/8
The market was very steady. LONDON RUBBER
buyer
11-3/4
SPOT
APRIL-JUNE
On Balgon,
On demand
108 1/4
JULY-SEPT.
11-11/18 11-9/18
Da Manila: ---
On demand
On Bangkok:-
On demand
48 7/8
180 1/4
Sterling Notes:-
Bank Buying Rate
1/3 7/8 Bar Silver Der O.......... 72, 3/16
Market Report
FROM KOZA BROS.
CHICAGO WHEAT: The market
QUD-
Close
rherket
closed
11.02 N
possibly March
11.08/09
10.83/83
and July
10.44/44
U.S. Dollars
■
July (New contract) October December ( Spot
10.64 N
{
9.85/85
>
9.79/19
****
11.31 N
and
After ruling firmer on trade demand and covering, the marketBaltimore & Onio closed quieter with fair offerings for forward.
NEW YORK COTTON: Liquidation was responsible for early selling, which was largely absorbed by the Trade. Spinners' buying was augmented by new speculative purchases and later there was a broadened demand.
NEW YORK RUBBER: After an initial buoyancy following the with strength of the primary' markets, the market became dull evidence of some scattered liquidation,
Silver prices rose 7/18 yester-There was some selling on indications of snow in the South West. day for both deliveries, the
Previous close, 144.65; Today's close,
YORK NEW
STOCKS: tations being 22.3/16 for both 145.67; Change ap 1.02
Silver ad- Ready and, Forward. vices reported India as haring The bought to a small extent. market
American was steady. Silver was quoted at 34.3/4 for Elpot.
The London-New York cross-rate was quoted at 402.1/2. New York- London was quoted at 396.5/8.
Market
Chilot,
Sterling
Some business was reported at 1/1.79/32 for
The
1/2.29/32
February
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago Corn, May New York, Hides, Mar. NEW YORK COTTON
with sellers at January
January
February, and 1/2.7/8 March/April, May
buyers at 1/2.15/16 Cash
1/2.9/32 March.
There were Sellers at 24.5/8 Cash and 24.1/2 February, buyers 24:5/8
* 24.11/16 Cash
Benda Aviation
Bliss & Co.
Colts Patent Fire-Arms Columbia, Gas & El.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS |
JANUARY 17,1948.
On London:----
Telegraphic Transfer. :12 13:18 Bank Billa, on demand/2 13/18 Credits 4 months' sight 1 35,32
On Shanghai:— ·
On-demand
On Singapore:-
On demand
On Japan:-
On demand
On India:-
295
2 1/2
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
103 1/
SINGAPORE RUBBER
Telegraphic Transfer. 182 1/6
and demand
On New York:-
"Bank Bills, on demand 24 7/16 Credits. 60 days' sight go fas
On Batavia :—
On demand
On Paris:
Bank Bills,, on demand tres Credits months" sight 1140.
Previous close Today's close
buyer
11-11/16
11-11/16
11-9/10
J
NEW
YORK STOCK EXCHANGE
STOCKS
Adams Expresa .....
QUOTATION
(REUTER'S SERVICE)
Last sale
JAN. 17, 1940 STOCKS
THURSDAY, JANUARY 18, 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 Incorpărated by Royal Charter, 1883
Reserve Funda:
Jan. 16
Last Rals Jan. 16
8
| Allegtiany Stent Op.
Allied Stores
19
Libbey-Owens-Ford
81
Lockheed Aircraft
Lakey Foundry & Mac... .1
Glass 483 281
Reserve Liability of
Sterling *** E.K. Currency Reserve $10,000,000|Reserve Liability of Pro
prietors......
Paid-Up Capital £6,500,000 Reserve Fund
....£3,000,000
£3,000,000
....£3,000,00€
Proprietors..a
.$90,000,000
HEAD OFFICE: LONDON:
Allis Chalmers inter Aluminium Ltd ................... Amer. Can -
371
Loew's Inc. mid
34
991*
Mack Truck Inc.
25
1134
Martin, Glen L
361
American Cyanamid B
33
McKeason & Robbins, pra ̧ « 163*
Amer, & Foreign Power .... Ameri & Foreign (7 pf......
3
Monsanto Chemical ................... 104
Clairman.
24
Montgomery, Ward .......
51
American Gas & Hec M...
37.
National Aviation ..........................
4
113
H. V. Wilkinson, Esq.,
Deputy Chairman.
Amer. Locomotive
194
Nat, Dairy Products
16
J. K. Bousfield, Esq.
Amer. Metals Co.
224
Nat, Distillerz»
237
A. H. Compton, Esq.,
up 1/2
Amer. Radiator ..............
91
National Gypsum ......
101
Hon. Mr. 8. H. Dodwell,
36-1/2 35-3/8
up" 3/8
Amer. Rolling Mu
15#
D. F. Landala, Esq.,
National Lead
191
G. Miskin, Esq.,
up 3/8
Amer, S'ting and Ring Co.
477
Nat Power & Light “a........
K. B. Morrison, Esq.,
Amer, Sugar "Refining
,19
National Steel Corp.
68
Hon. Mr. T. E. Pearce,
Amer. Tei, & TEL. 09.
1681
Nat. Supply Corp
81
C. C. Roberts, Esq.,
Change
Amer, Tobacco "............s
874
New York Central
184
Amer. Waterworks
111
up 1/18
Niagara Hadson Power
51
unch
unch
Anaconda Copper
28
N. American Aviation
237
Atchison, T. & 8. Ft. Auburn Motors
221
North American Co. ..............
221
21
Northern Pacino
Amoy
Branches: Ipoh
Read Office:-HONG KONG
Board of Directors: Hon. Mr. A. L. Shields,
Sir Vandeleur M. Graybura,
ΤΑ
39, Bishopsgate E.0.2. Sun-Agencies In London: 117/12, Leadenhall Street, E.C.A West End Branch: 14/15, Cockspar Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
h
AGENCIES AND BRANCHES:
ALOR STA? AMRITSAR MANGKOK BATAVIA
CALOUTTA
HARDIN HONG TONG ILOILO
IPOR
KARACHI KLANG AGENCIES: KOBE CLITE SET FAIKLAN PLACE
Chief Manager CANTON
CAWAPORI
KUALA
PENANG BANGOON BALOON
BOMBAY
SIZEMBAN
SHANGHAI
SINGAPORS
SITIAWAN
SOURABAYA
LUMPUR
KUCHING MADRAS
Penang
CEBU COLOMBO
MAXICA
TAIPING. TIENTSIN TONGKAH
(Bbaket)
!
51
Owens-linols Glass Co.
621
Bangkok Johore
Rangoon
Barber Asphalt Co
14
Pactic Gas & Exec.
331
Batavia
Kabe
Saigon
DIXI HAIPHONG
MEDAN
TRINGTAO
NEW YORK
TOKOHAMA
Barnsdall Cl....
121
Pacine Lighting
491*
Bombay
Kowloon
San
28
Packard Motors
Calcutta Kuala
Bethlehem Steel
731
Paramount Pictures
Th
Caston
13"
Chefoo
London
Pennsylvanis R.R.
214
Boeing Airplane Co.
221
Colombo
Lyons
Lumper Shanghai
Singapore Sourabaya
Phelps-Dodgs
36
Borg-Warner
231
Dairen Malacca Sungei
Phillips Petroleum
40
Foochow Manila
Biggs M'facturing
201
Pittsburg Coke & Iron
77**
Haiphong Muar
Patani Swatow
Brooklyn-M'hattan Trans.
14
Public Service of NJ. .......
401
lacked
aggressive buying.
Brooklyn-Manhattan 36
501
Pullman Iac.
281
Canadian Pacific R'way. .......
54
Pure Off
82
Case J, I......
70*
Radio Corpn. of 'Am.
54
Celanese
271
Chesapeake & Ohio
40
Reading Company, Com
144
Reading Company, ist pide. 25)
Chrysler Corpn. A
821
Remilyton Arma Co., Inc,
41*
Climax-Molybdenum Co.
381
Republië Aviation Corp. ...
51
.781*
Republic Steel
201
BL
Revere Cop. & Brass Inc.
121
Columbla 6% "A" pl.
91
Prev. To-day's High Low Close Close Change 11.05 10.93 11.08 11.02 .00 off 15.94 18.92 18.87 18.91b .04 up 1001 981 1001 991 1 of 584 571 58 58 1 off .14. off 14.59 14.55
Reynold Tobac. "B".......
4023
Commercial Credit Co. -
47
Richfeld Or
71*
Com. Southern (ord)
1}
Safeway Stores
451
Consolidated Edison Consolidated Oil Continental Can
311
771
Schenley Distillers ..............
121
Sears Roebuck
83
431
Shell Union Of
11t
Continental Oil
231
14.73 14.59
Copperweld Steel
151
Socony-Vacuum Qu
113
Opening
Closing
Change
Corn. Products
83
Southern Pacine
13
10.88/88
10.94/97
.06 of
Curtiss Wright (C.)
Southern Riy 35 pfd.
291
10.95/94
11.02/03
.06 off
Curtiss Wright "A"
281
Sperry
431
10.72/71
10.80/80
.03 of
Deere & Co.
201
Spicer Manufacturing Co. 297
10.31/32
10.43/43
.01 of
Distillers Corpn. Beagrams
19
Standard Brands
71
10.54/54
10.83 N
.01 on
Douglas Aircraft is.
Stand Gas & Elec.
24*
77
9.77/76
9.81/83
.04 off
Du Pont de Nemours ...................
1833
Standard Oli of California
251
9.89/89
9.75/75
.04 off
Eagle Picher Lead
· 101
Standard Oil of NJ.
437
11.25 N
.06 of
Eaton Mfg. Co.
291
Stone & Webster
114
Elec. Autolitem
351
Studebaker Com,
.94
February,
Shanghai Dollars
303,1/2. sellers.
Volume (in contract of 100 bales each) 70,900 bales.. NOTE:-January cotton, last notice day: 17.1.40.
Swift International
307
Elec. Bond & Share ...*******
7
Mles. Bond & Share $5 pf.
581
Technicolor .......... 131*
NEW YORK RUBBER
March
Elec. Bond & Share $6 pf
હ
Texas Corpn.......
441
18.87/88
19,00b/05a 18.91b
.04 up
Elec. Power & Light $7 pf:
34
rerer Gulf Sulphur
331
BANK OF EAST ASIA, LIMITED
L
4 :
Shanghai Market There were sellers of Sterling. at the opening at 4.57/64 for Spot and the rate later rose to 4.59/64. Towards the close sellers at 8.1/18. Subsequently the rate TOR to
Total sales for the day:-210 tons.
8.1/8 and at the close the rate CHICAGO WHEAT
receded to 8.1/16.
Shanghai Exchange.
Shanghai, Jan. 17 (Reuter).
Official T.T. Rates
May July Septembe December
... 18.57/57
18.62b/75a
18.31b/35a 18.10/10 18.10 N
18.50/50
18.65b/70a 18.45/45
.08 up
.14 up
Fisk Rubber gementierun
Filatkote
141
| Trans-America Co.
ST
181
20th Cent. Fox.
111
18.10b/151 18.10b/15a
unch. ⚫unch.
Gen. American Trans.
52
20th Cent. Fox. #1† DI.
241
Gen. Electric
381
Union Carbide & Carbon
821
Authorised Capital......$10,000,000.00 Paid-Up Capital ......... 5,598,800.00 Reserve and Undivided
Profits
9,883,031.01
Chen. Motors
521
Union Pacific
93
L
Gen, Railway Signal
181
United Aircraft ---
44
May
1001/1001 100/1001
July.....
98/981
981/981
September
971/971
991/991 967/97 961/961
Gen. Tire & Rubber 1of3lidden Co.,
201
United Airlines Trans.
141
17
United Corpn.
22
11 of
1 of Goodrich (B.F) Goodrich 35 pf.
171United Corpn. $3 cum.pf.
381
$4
United Gas Corpn.
1*
Goodyear Tire & Co.
221
United Gas Improvement, 244
Monday's sales;-24,569.000 bushels.
Great Northern Iron Ore ...
181
US., Industrual Alcohol,
22
CHICAGO CORN
Great Northern Rly. pfd.
237
UB. Rubber
37
London
0/4-1/2
May
581/581
581/58)
58/55
i off
Great Western Sugar .............
*271
US. Rubber 38 pfd.
1104
New York
7-3/8
July
581/581
Japan
·31-1/4
September
591/591
581/581 584/584
Greyhound Corpn.
184
UB, Steel
59
i off
Hércules Powder Co.
881
Vanadium
301
India
24-7/0
Homestake Mining
35)
Walworth Co.
5)
Paris
3.30
WINNIPEG WHEAT
ווי
International Harvester
60
Warner Bros. Pict.
37
Amos
Hongkong
30-1/8
May
Sellers
July
Opening Closing
September
871b 871/88 891D
871/874
801/881
t off
Int. Nickel
361
Westinghouse `Elec.
******* 100
Batavia Bombay
Manila
811/371 833A
off
Int. Tel & ̈ Tel, som man
41
Woodward Iron Cor.
227
CALEŠTA S
off
Johns-Manvilje ......................
72
Spot
0/4-51/64 0/4-7/8
NEW YORK HIDES
Jan.
0/4-57/04 0/4-7/8
Feb.
March.
14.73/73
14.55b/78
June
14.95/95
14.95/08
New York, Official
34-3/4
14.59/59 14.84/85 34-3/4
14 of
J. & Laughlin Steel $7 prd. Bernecott Copper
553
Chase National Bank National City Bank
Haiphoog
Bankow
ilonelala
Paris
Semarang
Kobe
11 off
Spot
3.98-5/8
Jan,
Feb.
7-15/18
0/4-27/32-(0/4-53/84
U.S. Dollars
$8-1/16 $8-1/18
8-1/18 7-15/16
Market:Quiet,
Merchant Rates
Sterling, 0/4-7/8,
US Dollars, $8.
Silver Duty Rate
The Central Bank of
rate an
8-1/15
NY-London Gross Rate 3.97-5/8
LONDON STOCK EXCHANGE
(REUTER'S AKITICE) London, Jan. 16. The following quotations are the a.m.middle prices at the close of the market in London. All quotations
China's
"10 London at today was 1/2-1/2d.
The Equalisation rate was 17-1/4 are subject to confirmation and
per cent
New York Exchange
New York, Jan.' 18 (Reuter).. T1 on London (Opening Rate). 3,97-1/2.
Calcutta Exchange
Calcutta: Jan, 18 (Reuter). TT. on Japan, 79-1/2,
India Rupee Paper
Bombay, Jan. 18. (Reuter). Government 33% Rupee. 89-1-n nominal
COST OF LIVING INDEX
LONDON, Jan. 17 (Reuter)-The cost of living index figure on Jan.1 was 74 per cent above the level of July 1914, compared with 73 per on Dec. 1,
85-9/10
War Loan, 31% (Red
after 1952) Canton-Kioon Rly 6% 16 Chinese 41% Gold Loan
1898 (Brit. Issue) 60 Chinese 5% Gold Bonds,
1925-47
Chin. 41% Anglo-French-
00
Tientsin-Pukow Bly. 5% (German Stpd) ....................... Tientsin-Pakow Rly. `5%
(Brit. Btpd. Supl Loan) Tientsin-Pukow Bly. 5%
16
10
na responsibility is assumed erron in transmisalon,
for
J.
&
I
(Ger. Stp Supl. Loan) 18 Jap. 5 Ster, Loan, 1907 54 Jap. 6% Ster. Loan, 1924 57 Ger.7% Intl. Loan, 1924 81 Chartered Bank ..... H.K. & 8'hal Bank (Edri.
Reg
Guinness (A) Son & Co.. 77/6 Hawker Biddeley Aire....13/101 'Bristol „Aeroplane.
15
81
95
Imperial Chemical Ind. 29/10) 114/43 Imperial Tobacco Marks & Sp❜cer "A" "ord.." 52 Rolls Royce
20
BK. & S'hat Bank (Col
Leyland Motora
73/9
Reg.)
87.
Tate & Lyle.
56
-TO-
Chinese Eng, & Mining
Turner & Newall
63/7+
(bearer)...
18
United Steel
21/7/
Chosen Corporation
8/8
Smethwick Dróp Forg
13/6
Loan, 1908........... Chinese 5% Crisp Loan, **/2012
50
Pekin Byndicate
1.
Armstrong Stevens; ord.
0
30
Shaj Elec.. Constr Co. 3bal Waterwis ("2",
13
Pressed Steel; cùm, ............. 15 Vickers. ord.
17/6
Chinese 5% Reorg, Loan,
1813 (Lda. Ib.)
42
Chinese., 8% Bter, Notes,
1925 (Vickers)
Union Insurance .................... Gula Kalumpong Rubber 22/6 Allied Ironfounders
25
Woolworths mencio Anglo-Dutchja
61 25/6
14
12.
Chin. Imperial Rly. 5%
Loan ... Honan Rly. 5%..... Hukdang Rly. 5%, 1911... 19
lukuang Rly. 5%, 1911
(German Issue) Lung Tsing & U. Hal Rly.
5% 1913........
55
18
Asso., & Elec. Industries 38/13 Austin Motors, ord. 15/6 Cable & Wireless. Kew
Form. ord.
571
B-A, Tob. (bearer)
97/6
Mercantile Bank“.
#11
17
Cammell Laited, ord,
7/9
Tanami Gold Mining..
Mexican Eagle
8/7+
Anglo-Iranian, équa
14
Courtaulds
35/3
Burmah
20
Distillers
07
Shell Trans & Trad.
Dunlop Rubber
28/0
(DORTER)
Gen. Mectric (England)" 75/3
The Food Index figure on Jan. 1 hal-Nking Rly. 6%
was 57 per cent, which is the gameflentain-Pukow Fly, 5% as in Dec. 1,
(Brit. Stpd.)
*
Rub. Plant, Invest. Trust: 33/76. Burma Corporation 11/3 Commonwealth Mining.. Marsman Investments... 15
36,3 Randfontein Estates..........
-12 Western Holdings ............................ Sub-Nigel
197/0
INDO-CHINA
STEAM. NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OBAKA
SINGAPORE, PENANG and CALCU
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession st Bhangbai, where passengers and cargo are:länded.
For further particulars
please apply to
JARDINE MATI
TELEPHONE
HESON&Co.,LTD. ENERAL MANAGERS
361
*bid...
1939
-ex, div.
DOW JONES AVERAGE
Higb Low Dow Jones Averages, 155.99 127.41 30 Industrials
35.90 24.14 20 Balle 27.70 20.70 90 Utilines 22.22 84.51 Bonds 65.87 45.69 (71)
Jan. 17, 1840.
30 33
Jan. 15, High Low Close Change 144,65 146.11 144.37 145,67 1.09 up 3.1.45 30.15 30.33. .27 of
25.03
25 32 26.00 26.90
17 up
89 58.
Commodity Index 81.19.
BO,KS 60.51 Business Dons—530,000 shares
.07 up
,68 OLE
HAMBURG
Francisco HANKOW
Hamburg (Johore) Tientsiä
Mukden Tokyo Bankow Harbin New York Tsingtao
Yokohama Iloilo Peiping
CURRENT ACCOUNT opened in LOCAL CURRENCY and FIXED DEPOLSTE received for one year or shorter periods in Local and other Car- rencies on terms which will be quoted on application.
ALSO up to date Sari Deroar Bors in various sizes To Lar Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
The Business of the above Bank
conducted by the HONGKONG! SHANGHAI BANKING COB- PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong 25th Feb., 19
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shotson Chơw, Chairman
Li Koon Chun, Esq..
Li Lan Bang, Fa F. K. Kwok. Eaq. Wong Chan Sea, Esq. Wong Tan Tong, Esq. Han Ying Po, B. Chan Ching Shuk, Kaq. Fung Ping Wab
Kan Tong Fo, Esq., Chief Managir. Li Tae Four, Esq., Manager.
Branches and Agencija :--
Kowloom
London
Slagapore. Bangoon Benzalara
Bwatow Balgon
Malboukur San Fran› Bydney
almon inte
Vancouver
New York Bentila
Palping
Shanghai
Every description of Banking sod Exchange business transacted. Loans
PKIPING
(Peking)
FOR ION Exaxaxor and General Banking Business transacted.
CURRENT ACCOmers opened and FIXED DEPOSITS received for Que Year or thorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on..application.
The Bank's Head Office in London " undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
ID, 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 CHASE NATIONAL BAKI, NEW YORK, with Resources of orat U.S.$2,900,000,000,
D. M. BIGGAR,
Second Fios Pro
BANK OF CHINA
Specially Chartered, by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
3
PAID-UP CAPITAL $40,000,000,00 (BRANCHER 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 Cliente special facilities for Domestic and Foreign Banking and Exchange.
Head Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Uffices:
granted on approved securities CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one year or shorter periods in Local and Foreign Cur rencies on
KONGMOON TUISHAN KINGCHOW
We also handle the imus of Bonds
terms which will be and other Public Funds of the Chinese, Government both at Home quoted on application.
and Abad.
SHOU J. CHEN,
Manager.
BAVE DEPOSIT Boxes To L.
KAN TONG PO,
Chief Manager.
||
$
24
་
تریک