..... 200
་་
On demand
#2 1/9
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JANUARY 18, 1940.
On London:-
Telegraphic Transfer.
||
13:10
Bank Bills, on demand/2 13/16 Credits 4 months' sight 1,3 5/32
Un Shanghai:--.
On demand
On Singapore:---
PAYNE & CO.
COMMODITY BROKERŚ STOCK EXCHANGE BUILDING HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO)
NEW YORK STOCK EXCHANGE
STOCKS
Adama Express
|Alleghany Steel On.
Allied Stores
QUOTATION
(BEUTER'S SERVICE)
Last Bale
Jan, 17
B1
· 191.
81
JAN. 18, 1940 STOCKS
*Last fale Jan, 17 Ikay Foundry & Mac.. 4' Libbey-Owens-Ford Glass 481 Lockheed "Aircraft ...............
Reserve Funda:
Sterling
Proprietors
$20,000,000
FRIDAY, JANUARY 19, "1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital................. 850,000,000
INDIA, AUSTRALIA
· AND CHINA *
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1383
Paid-Up Capital £6,500,000 Reserve Fund
£3,000,000
£3,000,000
£3,000,00
HEAD OFFICE: LONDON:
E. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
291
Allis Chalmera .....
361
Loew's Inc.
Head Office:-HONG KONG
341
Aluminium Ltd
102
Mack Truck Inc.
25
Amer. Can we
114)
Martin, Glen L
37
American Cyanamid B..
931
McKesson & Robbins, pid
161"
On Japan:
On demand
03 1/4
SINGAPORE RUBBER
On India-
Telegraphic Transfer,
82 1/8
and demand
On New York:-
SPOT APRIL-JUNE
Bank Bills, on demand 24 3/8 Credits. 60 days' sight 25
JULY-SEPT.
Un Batavia:—
On demand
On Paris:-
40...1/4
The market was very steady. LONDON RUBBER
New York, January 17. Previous January 17 Closing Opening Closing Change American Oas & Elec..... Buyers
Amer. Locomotive .................................... Buyers 38-1/8 33 cts. 38-1/4 up 1/8 Arner, Metals Co, 36-1/2 36-3/8 38-5/8 up 1/8 Amer. Radistor 35-3/8 35-1/4 35-3/8 up 1/8 Amer. Rolling Mill..........
Amer. S'ting and R'ing Co.
Amer. & Foreign Power...
Monsanto Chemical
1041*
Ameri & Foreign #7 pl....
25
Montgomery Ward
511
361
National Aviation
12
Board of Directors: Hon. Mr. A. LA Shields,
H. V. Wilkinson, Esq.,
Deputy Chairman,
197
Hat. Dairy Products
16)
221-
*་་་་་ --ཋཱ་
Nat. Distillers ...
2311
J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
91
National Gypsum
11
D. F. Landale, Esq.,
151
National Lead
20
G. Miskin, Esq.,
47+
Nat Power & Light
81
3. S. Morrison, Esq.,
Amer, Bugar Refining.
181-
Previous close Today's close
National Steel Corp.
671
Hon. Mr. T. E. Pearce,
S.P OT
APRIL-JUNE
JULY-SEPT..
Di Manila:-
...... 108 14
48 3/4
NEW
at 34.3/4
4
Quiet,
Market
Sterling
'Bank Bills, on demand | 85 Credits 4 months' sight 1140
On Saigon -
On demand
On demand
Ca Bangkok-
On demand
Sterling Notes:-
After ruling easier on hedge-selling and poor support, the mar- ket closed steady,
Baltimore & Ohlo NEW YORK COTTON: The market was easier on early
Barber Asphalt Co foreign selling and local liquidation, but later buying broadened. Barnsdall Oft 150 1/4 especially on report of encouraging cotton goods sales. The under-
tone is good but Washington news is indefinite,
Bank Buying Rate... 1/3 3/4 Bar Silver per . 38 3/8.
Market Report
FROM ROZA BEOS,
Bendix - Aviation Bethlehem Steel NEW YORK RUBBER: There has been some scattered factory Bliss & Co. interest and a scarcity of shipment offerings, further talk of an Boeing Airplane Co. unchanged quota for the second quarter and the possibility of Borg-Warner some improvement in consumption figures during January, are all Biggs M*facturing stimulating factors,
Brooklyn-M'hattan CHICAGO WHEAT: Cold weather, possible crop damage as a Brooklyn-Manhattan $8 result of the recent heavy snow fall, good export demand of Cana-Canadian Pacific Rway. ... dian wheat and unfavourable foreign crop" adrices, aided
good Case J. L
Celanese 1444 re-rally, but outside interest and foreign export demand which are ported India as having bought to necessary to maintain the advances are still absent.
Chesapeake & Ohlo a small extent. The market was
Chrysler Corpn. steady and closed with seller a
Silver prices rose 7/18 yester- day for both deliveries, the quo- tations being 22.5/8 for both Ready and Forward. Silver advices
YORK STOCKS: Previous close, 145.67; Today's close,
1/16 under the quoted rate. Ameri- 145.81: Change, up 14.
can Silver was quoted
for Spot.
The London-New York cross-rate | was quoted at 402.1/2. New York- London was quoted at 395.3/8.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE)
Prev. To-day's
buyer
buyer
11-3/4
.11-3/4
11-11/16 11-9/16
11-5/8
"
11-1/2
Change
| Amer, Tel, à Tel.
170)
Nat. Supply Corpo
81
C. C. Roberts, Esq.,
די
unch.
Amer. Tobacco *****
****
881
New York Central ......
161
off 1/18
Amer. Waterworks
107
Niagara Hudson Fower
Sir Vandeleur M. Grayburn,
Chief Manager.
off 1/16
Anaconda Copper
273
N. American Aviation,
241
Atchison, T. & S. Fe.
221
North American Co.
Auburn Motors
*
Northern Faclac .......
Amay
Branches: Ipob
Chairman.
38, Bishopsgate E.C.2
Sub-Agencies In London:
117/192, Leadenhall Street, E.C.a West End 'Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch: .52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN TỔNG TỔNG ILOILO IPOX TARIQET KLANG
Ко KUALA
ALOB STAR AMRITSAR BANGKOK
BATAVIA BOMBAY QALOUTTA
AGENCIES: CLAR STREET Fark FLAÇE CANTON CAWKPORE
LUMFUX
PENANG
BANGOON
SAIGON
ABREMBAN
SHANGHAI
SINGAPORE
BATIAWAN
SOU BABAYA
TAIPING
KUCHING
TIENTSIN
54
Owens-Illinois Glass Co.
621
Bangkok
Johore
Penang Rangoon
CKBU COLOMBO DILHI
MADRAX
TONOKAR
MANILA
(Bhuket)
MIDAN
TINGTAO
14
Paciic Gas & Elec.
12
Pacific Lighting
Batavia Bombay
Kobe
Saigon
HAIPHONG NEW YORK
TOTOHAMA
Kowloon
San
28
Caloutta
Kuala
Francisco
731
121
Packard Motors
Pennsylvania. R.R
Canton
Lumpur
Shanghai
Paramount Pictures
Chefoo
London
Singapore
Colombo
Lyons.
Sourabaya
241
Phelps-Dodge .......
Dairen Malacca
Sungei
234
Phillips Petroleum
.391
Foochow Manila
Patani
201
Pittsburg Coke & Iron
71*
Trana.
(14)
Public Service of NJ.
401
50
Bankow Mukden
Pullman Inc.
281
51
Pure Oll
70
| Radio Corpn. of am,
5)
271
Reading Company, Com
151
401
Reading Company, Ist pfd
26*
83
Remington Arma Co. Inc.
41*
Climax-Molybdenum Co. Colts Patent Fire-Aris Columbia Gas & EM,
371
Republic Aviation Corp. ...
아
80
•
Republic Steel
20
61
Revére Cop. & Brass Inc.
12}
Columbia 6% "A" pf.
91
Reynold Tobac. "8"
411
| Commercial Credit, Co.
461
Richfeld Ou
71
Com, & Southern (ord) ..
11
Safeway Stores
481
Consolidated Edison
311
Schenley Distillers
12
Consolidated Of
71
Sears Roebuck
831
New York Cotton, Mar,
Cash ond 1/2.29/32 Apr.
US. Dollara
There were sellers at 1/2.29/32 New York Rubber, Mar. January/February
1/27/B Chicago Whest, May and
March/April, buyers a 1/2.15/16 | Chicago Corn. May
Bellers at 24.9/16 January 247/16 February, buyers at 24.5/8
and
New York. Hides, Mar. NEW YORK COTTON January.. March
Close
Opening
Closing
High Low Close "Close Change 11.04 10.94 11.02 11.03 01 up 19.12 18.91
18.91 19.12 21 up Copperweld Steel 1014 99. 991 101 17 up
58+ 57.1 58
581 14.61 14.38 14.59 14.40 .19.
Change
Continental Can Continental Of
421
Shell Union Off
111
23
Socony-Vacuura Oll
111
• 151
Southern Pacifc
131
Corn Producta
63
Southern Rly $5 pfd:.....
up Curtiss Wright (C.) off Curtiss Wright "A"
91
Sperry
29
Spicer Manufacturing Co.
201
Deere & Co.
201
Standard Brands
10.96/97
• 10.87/87
deleted
Distillers Corpa. Seagrams
191
Stand Gas & Elec, .....
11.02/03
10.94/94
11.03/03
.01
up
Douglas Aircraft
78
Standard OU of California
25
Cash and 24.3 16 February.
Shanghai Dollars
May July
10.80/80
10,70/71
10.78/78
.02
off Du Pont de Nemours.......
181
Standard Of of NJ.
44
10.43/43
10.33/34
10.40/41:
.03
off Eagle Picher Lead
101*
Stone & Webster
111
Sellers at 304, buyers at 305.
8.
At the close at noon the rate
March
May
July
September
December
Shanghai Market
Sellers for Sterling at the open-
ing were quoted at 4.7/8 and U.S. Spot
Dollars
at 8.1/32. Subsequently
the rate receded to 4.55/64 and
Volume (in contract of 100 bales each) 108.500 bales
NOTE:-January cotton, last notice day: 17.1.40.
for Sterling was. 4.7/8 and US NEW YORK RUBBER"
"Dollars at 8.1/32 sellers for Spot.
Afternoon Market
The market was quie in the afternoon.
Sterling
The market closed with sellers
July(New contract) October December (
10.63 N
10.53/54
10.80 N
.03
off Eaton Mfg. Co
291
Studebaker.Com.
Di
9.81/83
9.74/74
9.83/83
.02 up
Elec. Autolite
351
Swift International
301
M
}
9.75/75
9.67/67
9.75 N
unch.
lec. Bond & Share ..................
73
Technicolor
14
11.25 N
11.30 N
.05 up
Eles. Bond & Share $5 pt.
58
¡Texas Corpn.
451
Elec. Bond & Share $6 pí.
66)
Texes 'Gulf Bulphur
331
Elec. Power & Light # pf;
331
Trans-America Co.
51
Fik Rubber
14/
20th Cent. Fox...
111
18.10b/15a
Total sales for the CHICAGO WHEAT
18.10b/153 day:-1,190 tons..
18,91b
18.91b/1901a 19.12712
18.71/71 18.65b/70a 18.85/65 18.45/45 18.45/45 18.53b/80a
18.30/30 18.20/20
Fntkote
18
21
20th Cent. Fox $1 p.
241*
Paid-Up Capital -------
5,506,600.00
Gen. American Tranz.
52
Heserve and Undivided
.06 up .10 up
Union Carbide & Carbon
821,
Gen. Mectric
381
Urion Pacifc
931
Gen. Motors
521
.20 up
United Aircraft,
451
.10 up Gen. Railway Signal
18**
United Airlines Trans
141.
Head Office:-HONG KONG No. 10. Des Voeux Road, Central.
Gen, Tire & Rubber
201
United Corpa.
21
Glidden Co.
17}
United Corpn. $3 cum p. 331
at 1/2 29/32 January/March and
1/2 1/2.778 April, May. buyers a 31/32 Cash 1/2.15/16 February and 1/2.29/32 April.
US. Dollars
May July
991/991
961/97
994/99 964/96!
101/1014
11: up
Goodrich (B.F.)
18
United Gas Corpn.
13
Goodrich $5 pt.
83}
September
981/96/
987/981 971/977
It 11
קנ
United Gas Improvement
14
up Goodyear Tire & Co.
221
U.S.. Industrual Alcohol
22)*
There were sellers at 24.9/16 Jan- uary and 24.1/2 February, buyers
'Tuesday's sales:-24.096,000 bushels. CHICAGO CORN
Great Northern Iron Ore
161*
U.S. Rubber ......
371
H
Great Northern Rly, pid.
231
U.S. Rubber 38 pid.
1101
May
58/58
577/58
July
581/581
at 24.11/16 Cash, and 24.5/8 Arst
September
582/583
581/581 581/581 59/59
קטן
Great Western Bugar
23
D.S. Steel
59
.
up Greyhound Corpn.
16}
| Vanadium
30
Hercules Powder Co.
801".
up
Walworth Co. „
51
half February.
306.
SHANGHAI MARKET
Sterling last rare indicated sell
ers for Spot at 4.27/32.
Shanghai Exchange
Shanghai, Jan. 18 (Reuter›.
Ocial T.T. Rates
Homestake Mining
551
WINNIPEG WHEAT
Warner Bros. Pict.
Andy
Karvidom Panase
Shanghai Dollars
May
888/867
861/864
87/67
up International Harvester
60/
Westinghouse Elec.
108
Loudon
Bonbay
Manila
Blagspora Bangoon
Bourabaya Balgon Swałow
July
871/873
September
88a
872/877 887/80
up Int. Nickel
381
Woodward Iron Cor
321
apnt. Tel & Tel...'...
Johns-Manville
41
713
NEW YORK ODES
March
June
New York, Official
NY-London Cross Rate 3.96-5/8
14.61/60 14.59/59
14.40/40 14.84/BS 14.85/85 14.65/68 34-3/4
34-3/4 3.95-3/8
London,
New York
Japan
India
Parla Hongkong
Spot
Jat..
"Feb.
Spot
Jan.,
Feb.
0/4-1/2
7-3/8
31-1/4
24-7/8 3.30 30-1/8
Sellers
Opening Closing 0/4-7/8 0/4-27/32 0:4-7/8 0/4-53/84 0/4-53/64 0/4-25/32 U.S. Dollars
38-1/32 $1-31/32
8-1/32
7-15/16 7-29/32 7-13/16
Market:-Quiet.
Merchant Rates
Sterling, 0/4-13/18.
UB. Dollars, $7-7/8.
LONDON STOCK EXCHANGE
(REUTER'S SERVICE) London, Jan. 17.
The following quotations are the middle prices at the close of the market in London. All quotations
are subject to confirmation and no responsibility is assumed for errors in transmission.
Tientsin-Pukow Rly. 5%
(German Stpd.)
10 Tientsin-Pukow Rly. 5% (Brit. Btpd. Supl Loan) Tientsin-Fukow Rly. 5%
19. of J. & Laughlin Steel $7.pfd. 19 of Rennecott Copper
1939
-bid I-ex, div. DOW JONES AVERAGE
High Low-Dow Jonm Average, 155.92 12141 30 Industrials
saj
Chase National Bank National City Bank
BADW
Pelping
Shangha
A
34
38.90 24.14
10 Raile
27.70 20.70
YO Utilibes
.32 22 65 67
BLS) 45,59
40 Bonds
Jan. 18, 1940. Jan. 16, High Low Close 145.67 146.71 145.30 145.81
30 33
25.20 89 65
Change
14 up
31.58 30.30 30.41 26 25 25.03 25.14
.08 up
.08 of
80.85.
.07 up
11 Commodity Index 60.1
€1.00
.58 up
Business Done :-470,000 shares
Haiphong Muar Swatow
Hamburg (Johore) Tientsin
Tokyo Harbin New York Taingtao Iloilo Peiping Yokohama
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSIT received for one year or shorter
rencies on terms which will be quoted on application.
HAMBURG *PEIFING HANKOW
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accounts opened and FIXED DEPONITS received for One" Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London
periods in Local and other Car- 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.
ALBU up to date SA DEPOSIT Box in various sizes To Lar Hong Kong, 11th January, 1940
HONGKONG SAVINGS
BANK
The Business of the sbore Bank is conducted by the HONGKONG) & SHANGHAI BANKING COR- PORATION... Rules may be obtain- ed on application.
For the Hoxgrong & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 4th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00
Profits ...... 2,583,232.01
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chan, Eig, Li Lan Sang; Eaq. P. K. Kwok.Esq. Wong Chu Sen, Esq.
Wong Yun Tong, Esq. Kan Ying Po, Rag,"
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STREKT,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the
world.
Interest Rates on Application.
J
SAFE DEPOSIT BOXES
This Bank is satirely owned by Txx CHABE NATIONAL BANE, NEW YORK, with Resources of over U.8. $4,900,000,000.
D. M. BIGGAR,
Second Fios Pros:
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL' EXCHANGE
BANK
CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)
Chan Ching Shor, E44, Fong Ping Wah EPAID-UP
Kan Tong Po, Esq., Chief Manager.
LI Tae Fong, Esq., Manager.
Bronchan and Agencies :-
Calenta Malbourne Sad Fran- Sydney Esiphong Xageiks
disco Tenn New York Bustsin VASIOSTAT Liomalala Pari Semarang Kabe
Erory description of Banking and Exchange business transacted. Loans granted on approved securities
Current Accounts opened in Local Currency and Fixed Deposits re ceived for one year or shorter periods in Local and Foreign Cur rencies terms which will be quoted on application
SAFE Deposit Boxes To Im.
KÁN TONG PO,
Chief Manager.
un
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 Offer: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices: CANTON SHIUCHOW. SWATOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
16
#
€
Var Loan
after 1952) · 099
34% (Red
(Cher, Btpd Supl. Loan) 18 Jap. 5% Ster. Loan. 1901 55 Jap. 6% Ster. Loan, 1924 - 571 Ger. 7% Intl. Loan. 1924 67 Chartered Bank
78 |Gufoness (A) Bon & Co.
Hawker Siddeley Atre.... 13/7} Bristol Aeroplane
15
81
96
Silver Duty Rate
The Central Bank of China's
Canton-Kloon Rly. 5% 16 Chinese 44% Gold Loan 1898 (Brit. Leste)....... Chinese 5% Gold Bonds,
1925-47
.K. & S'hal Bank (Lán.
Reg.)
85
Imperial Chemical Ind. 29/10). Imperial Tobacco... 112/6 Marks & Sp'cer “A” ord. 51/71 Rolls Royce ....
STEAM
88/0
60
BK. & Shat Bank (Col
Reg.)
Geyland Motors
.........
73/0
87
Tate & Lyle .......
:55/9
Chinese Eng. & Mining
Turner & Newall
64/11
-TO-
50
(bearer)
18
United Steel.........
21/8
on London at 10
tate today was 1/2-1/2d.
The Equalisation rate was 19-3/4 Chinese 5% Crisp Lean,
a.m.
Chin. 44% Anglo-French
Loan, 1908
Chosen Corporation
8/d
Smethwick Drop Forg. .
13/8
50
Pekin Syndicate
1/
Armstrong Stevens, ord.
#
Shai Elec. Constr· Co
13:
Pressed Steel, 'com.
14/0
Der cent
New York Exchange
New York, Jan. 17 (Reuters.
1012
30
Thai Watermarka
"2"
12
Vickers. ord.
17/41
Chinese 5% Reorg. Loan.
1913 (Lan. Is.)
Union InsuraICE
25
Woolworths
42
Chinese 8% Ster. Notes,
Gula Kalumpong Rubber. 22/6 Allied Ironfounders
Ankio-Dutch-
24/8
14
TT on London (Opening Rate). Chia. Imperial Rly. 5%, 3.90-3/8,
Calcutta Exchange
Calcutta, Jan. 17 (Reuter T.T. on Japan, 79-7/8.
jeli Runee Paper
Bombay, Jan. 17 (Reuter). government 34% Rupee, 88-14-0 nominal.
1925 Vickers)
12
Asso. & Elec. Industries 38/11 Austin Motors, ord.
15/9
Loan
55
Jonan Rly. 6%
18
Cable & Wireless, New
Form. ord.
581
Rub. Plant. Invest. Trust. 33/3
11 Burma Corporation Commonwealth Mining.. Marsman Investments... 15 Randfontein Estates...
36/3
Rukuang Rly, 5%. 1911... 19 Hukuang Rly. 5%. 1911
(German Issue) Long Tsing & U. Hai Rly,
6% 1913 res Thai-N'king Rly. 5%
B-A. Tob. (bearer)
96./3
Western Holdings .........
Mercantile Bank
117.
Sub-Nigel
.12
198/3
17
Cammell Laird, ord,
7/9
Tanami Gold Mining...... 3d
Mexican Eagle
14
Courtaulds
6/7) 35/6.
Anglo-Iranian
Burmah
20
Distillers
67
Shell
lentain-Pukow Rly." 5%
(Brit. Stpd)
Dunlop Rubber.
28/B
Gen. Mectric (England) -75/3
58/3
·61/10).
Trans, i Trad 478/11
(bearer)
-Nomina!
INDO-CHINA
NAVIGATION COMPANY LTD.
Operating Services for Cargo, and Passengers
SWATOW, SHANGHAL, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Rosevelt "Terminal in the French Concession at. Shanghai, where "passengers and cargo arejimuded..
For farther, particulara"
please apply to-
JARDINE MATHESON&Co.,LTD. TELEPHONE KOJIL - GENERAL MANAGERS