New York, January 23. Previous January 23 Closing Opening Closing Change Buyers Buyers.
38-1/2 38-3/8
36-5/8 36-1/2
On Paris:-
On Manila:-
Credits, 60 days' sight 25 1/3
On Batavia:--
On demand
Bank Bills, on demand 1385 Credits 4 months' sight 1140
On Saigon:-
Un demand
On demand
On Bangkok:-
On demand
JULY-SEPT.
38 cts 36-1/4 35-1/2 35-3/8: 35-1/4
"PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE
CLOSING. QUOTATIONS,
JANUARY 24, 1930
On London:-
Telegraphic
Transfer 13, 18) Bank Bills, on demandi1⁄2 1318 Credits 4 months' sight 1.3 5/39 On Shanghai:--
"On demand On Singapore
On demand
On Japan:-
-8 8 8 8 8
On demand
On India
Telegraphic
3003
59. 1/2
PAYNE & CO.
"COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW.
1
(FROM PAYNE & CO.)
103 3/4
SINGAPORE RUBBER
Transfer.
ster: 19" 1/8
Bark Bills, on demand 2 1/2
and demand........
On New York:----
SPOT
APRIL-JUNE
NEW YORK STOCK EXCHANGE
QUOTATION
(REUTER'S SERVICE)
STOCKS
Last Sale
JAN. 24, 1940 STOCKS
Jar 23
Adams Express
71
Lakey Foundry & Mac, .....
Last Sale. Jan. 23
+
Alleghany Steel Co.
181
Libbey-Owens-Ford
Glass
491
Allled Stores
81
Lockheed Aircraft
281
Allis Chalmers
361
Loew's Inc.
Sterling............... H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors...
$20,000,000
Aluminium Ltd.
1023
Mack Truck Inc.......
Head Office:--HONG KONG
Amer. Can
115
Martin, Glen L
NO
American. Cynnamid B,
341
McKesson & Robbins, pfd.
Amer. & Foreign Power Amer & Foreign $7 pf.
13*
Monsanto Chemical
1041
Board of Directors: Hon. Mr. A. L. Shields,
248
Montgomery Ward
51
Chairman.
American Gas & Elec.
38
National Aviation
117
H. V. Wilkinson, Esq.,
Amer. Locomotive
19*
Nat, Dairy Products
184
Amer. Metale Co.
23**
Nat: Distillers
231
of 1/2
Amer. Radiator
91
National Gypsum....
101
of 3/8
Amer. Rolling Mill
151
National Lead
191
off 1:4
Amer. Sting and Ring Co.
467
D. F. Laadale, Eaq-.
Nat, Power & Light
et
..... 43 1/2
The market was weak. LONDON RUBBER
Amer, Sugar Refining
181
G. Miskin, Esq.,
National Steel Corp.
645
E. S. Morrison, Esq.,
Amer. Tel & Tel.
1701
Previous close Today's close
National Supply Corp.
81
Hon. Mr. T. E. Pearce,
Amer. Tabacco "B"
881
Buyer
Buyer
Change
New York Central
161
Q. C. Robarts, Esq.,
Amer, Waterworks
109
SPOT
12-1/16
12 pence
APRIL-JUNE
11-15/18
JULY-SEPT.
11-11/16
11-13/16 11-1/2
ox 1/16 off 1/8
Niagara Hudson Power...
51
Anaconda Copper
. 201
N. American Aviation
241
Sir Vandeleur M. Gragburn,
Chief Manager.
off 3/18
Atchison, T. &S, FO...
North American. Co.
214
108 1/4
ton.
49
On Sterling Notes:-
Bank Buying Rate
... 1/3 3/4
Bar Silver per oz.
a
July (New contract) October December ( January
1
{
}
Spot
11
Market Report
FROM ROZA BROS:
Silver prices
After ruling steady, the market declined in sympathy with cat-
Closed quiet..
NEW YORK COTTON: The market
50 1/4 Realizing was quite active with a considerable amount of addition
al foreign selling following the weakness of the Bombay and Liver- pool markets Sentiment is mixed on the belief that the major part discounted and that some of the business improvement has been setback is due. We doubt the likelihood of any important casing of prices from the present levels
were unchanged yesterday. the quota lons remain-
NEW YORK RUBBER:
The uncertainty with regard
on the quota and the easiness of the primary markets were unsei- Ling factors.
CHICAGO WHEAT: The market lacks new incentive to stimu-. ing at 22 for both Ready and Forlate buying interest and is vulnerable to the weakness of other com- ward. Silver advices reported
amodities..
qulet market with very little busi NEW YORK STOCKS: Previous close, 145.13; Today's close,
ness.
American Silver was quoted 145.49; Change, up 36,
at 34.3/4 for Spot
The London-New York cross-rat
was quoted at 402.1/2. New York-j London was quoted at 397.1/4
Quiet
Market
Sterling
There were possible sellers 1/2.15/16 for Cash, 1/2.29/32 Jan uary/April and 1/27/8 May/June, buyers at 1/2.31/32 Cash and 1/2 15/16 February
US. Dollars
NEW YORK COMMODITY MARKET
New York Cotton, Mar. New York Rubber, Mar. Chicago Wheat, May Chicago, Com, May New York Hildes, Mar. NEW YORK COTTON There were sellers at 24.11/18 January and 24.5/8 February, buy. March ers at 25.3 4. Cash and 24.11/16 May July February.
Shanghai Dollars Opened with sellers at 316 An the highest rate touched was 321 At the close there were sellers a 318.1/2, buyers at 319.1/2 for Spot Shanghai Market
Bliss & Co.
Celanese
Auburn Motors
2
4.
Northem Pacific
Baltimore & Ohio
51
81
Owens-Illinois Glass Co.
Barber Asphalt Co.
14*
824
Amoy
Branches: Ipoh
| Pacific Gas & Elec
continued
reactionary.
Barnsdall Qu
12/
331
Bangkok Johore
Batavia Kobe
Bendix Aviation
Pacific Lighting
Penang Rangoon Saigon
283
491
Bombay Kowloon
San
Bethlehem Steel
Packard Motors
71}
33
Calcutta
Kuala
"Francisco
Paramount Pictures
121*
71
Canton
Lumpur Shanghai
Boeing Airplane Co.
231
Pennsylvania R.R.
211
Chefoo
London
Singapore
Borg-Warner
23
Phelps-Dodge
36
Colembo
Lyone
Sourabaya
to action
Bridgeport Brass Corp. Bigga M'facturing
101
Phillips Petroleum
40.
Foochow Manila
Patani
191
Pittsburg Coke & Iron
71*
Haiphong Mar
Swatow
"Brooklyn-M'hattan Trans.
15
Public Service of NJ,
401
Hamburg
Brooklyn-Manhattan $8.
541
Pullman Inc.
271
Bankow
Tokyo
Canadian Pacific R'way
5+
Pure Oll
8+
Harbin
Case, JI.
70
Radio Corpn. of Am.
Iloilo
Yokohama
97
261
Reading Company.
Com
151
Chesapeake & Ohio
40.
Reading Company, 1st pfd
25.
Chrysler Corpn.
221
Remington Arms Co., Inc.
41*
Climax-Molybdenum Co.
37)
Republic Aviation Corp.
54
Colts Patens Fire-Arms
78
Republic Steel
19
Columbia Gas & Elec.
6
Revere Cop. & Brass Inc.
12
Columbia 6 "A" pf. "
381
Reynold Tobac. "8"
41
(REUTER'S SERVICE)
Commercial Credit Co.
47
Richfeld Ol
71
i
584 57 14.19 13.90
Prev, Today's High Low Close Close Change 10,72
10.80 10.50
30 off 10.50 18.90 12.65 19.05 18.65 40 of 2001 991 100 991 11 off 571 - 1 of 30 од
Com, & Southern (Ord.)
I
Safeway Stores
484
Consolidated Edison
31
Schenley Distillers
111
Consolidated Oil Continental Can
7.
Sears Roebuck
821
42}
Shell Union Oll
114
Continental Oll
24
Socony-Vacuum of
12
Слове
Opening
10.80/80
10.72/72
10.53/55
10.43/42
587 14.20 13.00 Closing
10.50/51 10.21/22
Copperweld Steel
15*
Southern Pacific
13
Corn Products
63)
Southern Rly $5 pfd.
291
Curtiss Wright (C)
91
Change
Sperry
427
Curtiss Wright "A"
28
Spicer Manufacturing Co.
30*
.30 off
Deere & Co.
20
Standard Brands
71
32 of
Distillers Corpn. Seagrams
18
Stand Gas & Elec................
12
10.15/15
10.02/04
at
9.77/82
.38 off
Douglas Aircraft y
791
Standard Oil of California
201
10.28/29
10.17/18
9.95/85,
33 off
Du Pont de Nemours
1801
Standard Oll of NJ. .......
411
9.50/52
9.39/38
9.11/13
39 of
Eagle Picher Lead
101
Stone Webster
10元
9:43/43
9.29/28
9.05/05
.38 off
9.39 N
9.25/24
8.99 N
.40 off
Eaton Mfg. Co.
301
"Studebaker Com
2
11.40 N
10.67 N
37 off
Elec. Autolite
352
Swift International
Elec...Bond & Share
71
Technicolor
.......
121
Volume (in contract of 100 bales each) 152,500 bales,"
Elec. Bond & Share $5 pf.
59+
Texas Corpn.
437
A shade easier. Sterling opened | NEW YORK RUBBER with sellers at 4.11/16 for Cash
March and towards the close sellers were quoted at 4.21/32 for Spot, US
with sellers a Dollars opened 7.3/4 for Spet and at the close there we sellers at 7,11/16 In: Spot.
Elec Bond & Share $6 pt.
881
Texes Gulf Sulphur
34
19.05/05
18.90/83 18.65/85
40 off
Elec. Power & Light 7pf.
321
Timken-Axle
211
May July September December
18.75/75
18.53 B
18.62,81 18.37/37
18:30/40
.45 off
Fisk Rubber
142
Trans-America Co.
51
18.25/25
.28 of
Flintkote
181
20th Cent. Fox
111
18.30 B
18.20. B
18.00b 17.90b/.98a
30 off
Gen. American Trans.
52
20th Cent. Fox. $it pf.
254
30 off
Gen Electric ".
381
Union Carbide & Carbon
(801
Total sales for CHICAGO WHEAT
the day:--980 tons.
Gen. Motora
523
Union Pacific
94
ti
Head Office: HONG KONG No. 10 Des Voeux Road, Central.
Gen. Railway Signal
181*
United Aircraft
46
Shuhai Exchange
Shanghai, Jan, 24 (Reuter1.
Omcial TT. Rales
| May.
100%/100%
July
977/98
1001/1001 973/971
991/99+ 981/981
11 off
Gen. Tire & Rubber
21
United Airlines Trans
15
September
971/971
.961/98
14 If
of
Glidden Co.
171
United Corpn.
21
Bir Shouson Chow, Chairman.
off
Goodrich (B.F.)
171
United Corph... $3 cum pt.
381
Monday's sales:-11,420,000 bushels,
Goodrich $5" pf.......
632*
United Gas Corpn.
1}
London
0/4-1/2
Goodyear Tire & Co.
224
Onited Gas Improvement
141
New York
7-3/8
CHICAGO CORN
Great Northern Iron Ore ..
148
Japan
31-1/4
May
581/581 581/581
571/571
11 of
U.S., Industrual Alcohol.
23
Indla
24-7/8
July
581/581
.574/57Ł
11 off
Great Northern Rly, pid.
234
U.S. Rubber -
36
Paris
3:30
September
581/581
571/571
1
off
Great Western Sugar
271
US. Rubber $8 pfd,
1111
Greyhound Corpn.
181
U.S. Steel
£7
Hongkung
20-1/2
WINNIPEG WHEAT
Hercules Powder Co.
яв
A120)
Vanadium
29
Baterias
Sellers
Spot
Opening Closing 0/4-13/18 0/4-11/18 0/4-13/18 0/4-11/16 0/4-3/4
May July
86th
861/801
881/881
Homestake Mining
551
87A
861B
OL
Walworth Co.
霉
How bay
Madi
International Harvester
591
September
884/881
871B
Warner Bros, Pict
Calonia Helbont
Int: Nickel
36
NEW YORK HIDES
0/4-5/8
March
Jan.
Feb.
Silver Duty Rate
10
B.AL
π
Bombay, Jan, 23 (Reuter).
Jan. Feb.
U.S. Dollars.
Spot...... $7-15/16 $7-23/32
7-15/16, 7-23/32 7-13/16 7-19/32
Market-Inclined to be easy.
Merchant Rates
Sterling, 0/4-5/8.
U.B. Dollars, $7-5/8.
The Centrul Bank of China's
London at rate on today was 1/2-1/2d.'
LONDON STOCK EXCHANGE
Tientsin-Pukow Rly. 5%
(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl, Loan) Tientsin-Pukow Rly. 5%
(REUTER'S SERVICE)
London, Jan. 23. The following quotations are the middle prices at the close of the The Equalisation rate was 16-1/4 market in London. - All quotations Der cent
are subject to confirmation, and no responsibility is assumed for errors in transmission.
India Rupee Paper
Government 31 % Rupee, 30-08-0
"nominal
W
New York Exchange
New York, Jan. 23 (Reuter), TT on London (Opening Rate), 3.96-5/8"
Calcutta Exchange
Calcutta, Jan, 23 (Reuter). TT. on Japan, 79-7/8." LONDON METALS
EXCHANGE London, Jan 23 (Reuter),
TIN
ouvers
sellers
232-1/4
Standard, Cash 232. Standard,
3 months 232 Btandard,
Bet'ment Price 292
Straits
Chin. 41% Anglo-French
Loan, 1908. Chinese 5% Crisp Loan...
1912
Austin Motors, ord.
Westinghouse Elec..
New York
Beattie
་;
tanelulu
Patie
Semarang
Int, Tel, & Tel
4
Woodward Iron Cor.
Lobe
201
14.20/20
June New York. Official ...... 34-3/4 NY-London Cross Rate 3.96-3/8
14.47b
14.18/19 14.45/42.
13.90/90
.30 off
Johns-Manville
74
14.18/18
.29 oft
J. & Laughlin Steel $7. pid
57*
Chase National Bank National City Bank
34-3/4
Kennecott Copper
351-
3.97-1/4
granted on approved securities.
--bid.
t-ex, div.
Current Accounts opened in Local SWATOW
DOW JONES AVERAGE
1039
High
Low Dow Jones Averages, Jan. 23, 156.99 121.41 30 Industriak
Jan. 24, 1940, High Lor Olpes
ceived for one year or shorter
Changə
33.90 24.34 20 Raîle
27.70 90.70 20 Utilite
22.82 84.51 40 Bonda
145.13 30 15
25.14" 89 27
145.97 144.85 145.49 31.38 30.1 30.28 25.20 24.95 25,00
Si
16
65.87 45.50 11 Commodity Index 60.30
.30 up .il up .14 p 29.26 .1% off 50.34
.94 pi Business Done :-510,000 shares
Bars Deposit Bozza To Ler.
and Abroad.
KAN TONG PO,
Chief Manager!
THURSDAY, JANUARY 25, 1940.
BANKS
HONGKONG & SHANGHAI| THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital 850,000,000
INDIA, AUSTRALIA
AND CHINA
£3,000,000 .£3,000,000
,"
Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 185 Reserve Funds:
Paid-up Capital ....£6,500,000 Reserve Fund
Reserve Liability of Pro-
pristora...................................£3,000,00 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.S.
Deputy Chairman.
J. K. Bousfeld, "Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
Dairen Malacca Sungei
Sub-Agencies In London: 117, Leadenhall Street, E.03 West End Branch;
14/16, Cockspur Street, S.W.1. Manchester Branch: 32, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
HARDIN
PENANG RONG TONG BANGOON
ALOH STAR AMRITSAR
BANGKOK
BATAVIA BOMBAY
CALCUTTA
AGENCIES: CLITA ÖTERET FAIRLIE PLACE CANTON CAWNPORK СЕВС COLOMBO DELAI HAIPHONG HAMBURG,
HANKOW
ILOILO
'IPOH
KARACHI
XLANG KORK KUALA
LUMFER
KUCHING
MADRAS
BAIGON
SEREN BAN
SITANGHAL
SINGAPORE
SITIAWAN
SOURABITA
TAIPING ..
TIENTEIN
TONGKAN
(Bhuket)
MEDAN
TINCTAD
NEW YORK
MANILA
PRIPING
(Peking)
TOKORIMA
FOREIGN EXCHANGI and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITs received for One Year or shorter periods in Local or (Johore) Tientsin + Other Currencies at rates which Makden
will be quoted on application.
New York Tsingtao
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 DEPOSITS received for one year
The Bank's Head Office in London or shorter periods in Local and other Car- undertakes Exeector and Trustee terms which will be business, and claime recovery of rencies on
British Income Tax overpaid, on quoted on application.
Also up to date SAFE DEPOSIT terms which may be ascertained at Boxes in various sizes To Lar any of the Agencies and Branches. Hong Kong, 11th January, 1940
R. A. CAMIDGE,
Manager.
"
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG) & SHANGHAI BANKING COB-) PORATION. Rules may be obtain ed on application.
For the HONGKONG & SHANGHAL BANKING CORPORATION.“
V. M. GRAYBURN,
Chief Manager. Hong Kong, 28th Feb.. 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital ......................... ....3,598,000,00 Reserve and Undivided
Profita
2,883,939.01
Board of Directors:"
Li-Koon Chuu, Ees
Li Lan Sang, E.
P. K. Kwok, Esq. Wong Chu Son Wang Tan Tong, Esq. Han Ying Po, Mag-, Chan Ching Shok, Esq. Fung Ping Wah E
Kan Tong Po, Esq., Chief Manager. Li Tu Fong, Esq., Manager.
"Korviom
"
Branches and Agencies := »
Pasang Bingspors Langoon ! poursbaya Badgra
Halphong
Hanhow
London
Peiping
Bustow.
Gaz Prano Sydney
aison: Fantrin
Shanghai
Vancouver
Every description of Banking and
Exchange business transacted. Loans
THE CRASE" BANK
16, QUEEN'S ROAD, CENTRAL
An
2
HEAD OFFICE:
18, PINE STREET,
NEW YORK. 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 TEX CHASE NATIONAL BANK, NEW YORK, with Resources of OTR -U.8.$2,900,000,000.
|י
D. M. -BIGGAR,
Second Vice Pre
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 CHINI) 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:
KANTON
Currency and Fixed Deposite re- SHIUCHOW
KONGMOON TOISHAN KINGCHOW
periods in Local and Foreign Cur-We also handle the issue of Bonda rencies on terma which will be and other Public Funds of the Chinese Government both at Home quoted on application.
SHOU J. CHEN,
Manager.
18
(Ger.Etpd. Supl, Lean)
18
Jap. 5% Ster. Loan, 1907
52
Jap. 6% 8ter. Loan, 1924
56
3
War Loan, 31% (Red
after 1952) Canton-Eloori Rly. 5% Chinese 41% Gold Loan 1898 (Erit. Issue)..... Chinese 5% Gold Bonds.
1925-47
981
16
60
28
བྷཧྨས
50
30
S'hal Waterworks "A"
12
Chinese 5% Reorg, Loan.
1913 (Ldn.. I) Chinese 8% Ster. Noter.
1925 (Vickers)
Union Insurance
25
42
Gala Kalumpong Rubber
21/3
Allied Ironfounders
14
+
12
Asso, & Elec. Industries
10
Chin. Imperial Aly. 5%%
15/9
Commonwealth Mining
Loan
55
Honan Rly. 5%
16:
Cable & Wireless, New
Form, ord.
Marsman Investments...
13/6
611
Randfontein Estates, ...**
36/101
Hukuang Rly. 5, 1911...
19
B.-A. Tob. (bearer)
200
Western Holdings
12
2.Hukuang Rly. 5%, 1911
(German Issue)
Mexican Eagle
11
Sub-Nigel.
200
17
Cammell Laird, ord.
8/3
Tanami: Gold Mining,
Lung Tsing & U. Hai 232-1/4-Rly 5% 1913
Mexican Eagle .......
8/4)
Anglo-Iranian
58/9
Courtaulds: Lav
36/3
Burmah
..60
251-1/4 \---
S'hal-N/King Rly. 5% Tientsin-Pukow Bly. 5%
(Brit. Stpd.).
Distillers
86
Shell Trans &Trad.
Dunlop Rubber
28/9
(bearer)
78/11
Gen Electric (England) 75/7
*Nominial
Ger, 74% Intl. Loan, 1924 73
Chartered Bank
HK. & 6hal Bank (Ldn.
Reg.)...
K. & Shal Bank (Col Reg)
Chinese Eng. & Mining
(bearer)....
Chosen Corporation Pekin Syndicate
8'bai Elec. Constr. Co..... 13
# 98977 & 8 389
Guinness (A) Son & Co.
77/3
Hawker Siddeley Airc
14/3A
Bristol Aeroplane........
15/3
Imperial Chemical Ind.
30/44
Imperial Tobacco
120/74
Marks & Spicer "A" ord.
52/11
87
Tate Lyle.
Rolls Royce .........
80/3
Leyland Motors..
73/41
55/3
TO
Turner & Newall
65/45
18"
United Steel
22
Smethwick Drop Forg.
12/6
Armstrong Stevens, ord
е
Pressed Steel, com,
15
Vickets, ord.
18/9
Woolworths
60/7
Anglo-Dutch .........
Rub, Plant, Invest, Trust 33/31 Burma Corporation
24/4"
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Bervices for Cargo and Passengers
SWATOW, SHANGHAI, TSINGTAU, CHEFCO
and TLENTSIN
KOBE and OBAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Bhanghai, where, passengers and cargo are landed..
For farther particulara
plause apply to-
JARDINE MATHESON& Co., Lra.
TELEPHONE ZOJILG
ERAL MANAGERS